19
Saturday
June 2021
12:23 AM IST
News Headlines
Multan knocks Quetta out of PSL with 110-run win        WTC Final: Kohli eyes legacy, Williamson prize for consistency in battle of equals        India extends USD 100 million Line of Credit to Sri Lanka for solar energy projects        China successfully launches first crew to new space station        Biden, Putin discuss ambassadors, nuclear weapons and more        Pre-monsoon showers in national capital        Sonia taken Covid jabs, govt should inoculate all instead of creating non-issues: Cong        PM should acknowledge his mistakes, seek expert help to rebuild India: Rahul        PM invites world to invest in India        Yuvraj Singh becomes face of PUMA Motorsport in India        Dutee expects Olympics spot on basis of world rankings if not through qualification timing        India's fuel demand rebounds in June        Power consumption grows 9.3 pc in first half of June        UK expands COVID-19 vaccination drive to cover all over-21s        China says nuclear fuel rods damaged, no radiation leak        Tourists delighted after Taj Mahal reopens after two months        Odisha extends partial lockdown till July 1, opens borders with Chhattisgarh, Jharkhand        PM to launch customised crash course for Covid frontline workers        Unseeded Krejcikova wins maiden Grand Slam title in Paris        Diesel at Rs 100 mark in Rajasthan; Karnataka sees Rs 100/ltr petrol        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Mukesh Ambani draws nil salary
 
New Delhi: Richest Indian Mukesh Ambani drew no salary from his flagship firm Reliance Industries Ltd in the fiscal year ended March 31 as he voluntarily gave up remuneration in light of the pandemic hitting the business and the economy.

In its latest annual report, Reliance said Ambani's remuneration for financial year 2020-21 was "nil. "In the previous fiscal year, he drew a Rs 15 crore salary from the company - the same as in the previous 11 years.

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum.

"In light of the COVID-19 outbreak in India, which has exacted a huge toll on the societal, economic and industrial health of the nation, Mukesh D. Ambani, the Chairman and Managing Director, has voluntarily decided to forego his salary," the company had said in June last year.

Remuneration of his cousins Nikhil and Hital Meswani remained unchanged at Rs 24 crore but this time it included Rs 17.28 crore commission.

Executive Directors P M S Prasad and Pawan Kumar Kapil saw their remuneration go up after they got performance-linked incentives for two years.

While Prasad drew Rs 11.99 crore in 2020-21, up from Rs 11.15 crore in the previous year, Kapil got Rs 4.24 crore as against Rs 4.04 crore in 2019-20.

The payment of Prasad and Kapil included "performance-linked incentives for FY 2019-20 and FY 2020-21," the annual report said.

Ambani's wife Nita, a non-executive director on the company's board, earned Rs 8 lakh sitting fee and another Rs 1.65 crore commission for the year.

Apart from Ambani, the RIL board has Meswani brothers, Prasad and Kapil as wholetime directors.

Besides Nita Ambani, other non-executive directors include Yogendra P Trivedi, Dipak C Jain, Raghunath A Mashelkar, Adil Zainulbhai, Raminder Singh Gujral, Shumeet Banerji, former SBI chairperson Arundhati Bhattacharya and former CVC K V Chowdary.

All independent directors got a Rs 1.65 crore commission for the year besides a sitting fee of up to Rs 36 lakh.


India extends USD 100 million Line of Credit to Sri Lanka for solar energy projects
India's fuel demand rebounds in June
Power consumption grows 9.3 pc in first half of June
Diesel at Rs 100 mark in Rajasthan; Karnataka sees Rs 100/ltr petrol
Rupee slips 13 paise to 73.02 against US dollar in early trade
Disruption in operations may lead to demand uncertainty in home improvement categories: Asian Paint
Seven of top-10 most valued firms add over Rs 1.15 lakh cr to m-cap; RIL lead gainer
RBI projects retail inflation at 5.1 pc in FY22 on supply-side measures, monsoon
Urban Company raises USD 255 mn, valuation crosses USD 2.1 bn
Ashok Leyland expects plants to be operational only for up to 10 days in June
China's central bank tries to stop surge in currency's value
Google, Facebook updating website to reflect new grievance officer appointed under IT rules
SBI & IBA announces various support measures and launch of new loan products by all Public Sector Banks
Honda 2wheelers India resumes production at its plants across India in a phased manner
Working closely with Jio to build affordable smartphone: Google CEO Pichai
Canon celebrates 50th anniversary of its first Interchangeable Lens for SLR
MakeMyTrip launches quarantine & isolation facilities across 12 cities
Gati to exit cold chain solutions biz; Q4 consolidated loss widens to Rs 173.40 cr
Multi-language voice assistants in Tata Motors cars
Apple CEO faces tough questions about app store competition
KERALA NEWS
Kerala govt orders SIT probe into ''illegal'' tree felling in Wayanad
 Thiruvanathapuram: In view of raging controversy over the alleged illegal felling and smuggling of c  
LDF govt hand in glove with timber mafias, alleges Union Minister Muraleedharan
COVID-19:Kerala reports 14,233 new cases, 173 deaths
16,204 COVID-19 Cases, 156 Deaths Reported In Kerala
INTERNATIONAL NEWS
China successfully launches first crew to new space station
 Beijing/Jiuquan, Jun 17 (PTI) China successfully launched its longest crewed space mission to date o
Biden, Putin discuss ambassadors, nuclear weapons and more
UK expands COVID-19 vaccination drive to cover all over-21s
China says nuclear fuel rods damaged, no radiation leak
NATIONAL NEWS
Pre-monsoon showers in national capital
 New Delhi, Jun 17 (PTI) Several parts of the national capital received light to moderate pre-monsoon
Sonia taken Covid jabs, govt should inoculate all instead of creating non-issues: Cong
Tourists delighted after Taj Mahal reopens after two months
Odisha extends partial lockdown till July 1, opens borders with Chhattisgarh, Jharkhand
Untitled Page
Rashtra Deepika LTD
Copyright @ 2021 , Rashtra Deepika Ltd.