Mukesh Ambani re-appointed RIL Managing Director

Mumbai, July 7 (IANS) Shareholders of Reliance Industries (RIL) have re-appointed Mukesh D. Ambani as the company’s Managing Director for a period of five years commencing from April 19, 2019.

According to a regulatory filing on the BSE, RIL revealed that the decision was taken by the shareholders at the company’s 41st annual general meeting (AGM) held here recently.

Over 98.50 per cent of shareholders voted in favour of the ordinary resolution to re-appoint Ambani, who also holds the post of Chairman, RIL.

Ambani, who is the richest Indian, has kept his annual compensation unchanged at Rs 15 crore for the 10th consecutive year. His compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.

In addition, shareholders also approved the company’s plan “to offer or invitation to subscribe to redeemable non-convertible debentures on private placement”, of an aggregate nominal value up to Rs 20,000 crore.

PM thanks Egyptian president for gracing Republic Day function

New Delhi: Prime Minister Narendra Modi on Thursday thanked Egyptian President Abdel Fattah el-Sisi for gracing this year's Republic Day parade function. Sisi had been invited by Modi as chief...

JD-U chief to give a miss to Bharat Jodo Yatra

Janata Dal (United) president Rajiv Ranjan, alias Lalan Singh is likely to miss culmination of Congress leader Rahul Gandhi’s Bharat Jodo Yatra which is going to end in a week....

Last assault on terror and its ecosystem going on in J&K: LG Manoj Sinha

Jammu/Srinagar: Official parades and other celebrations connected with the country's 74th Republic Day passed off peacefully throughout J&K on Thursday without any untoward incident being reported from anywhere so far....

R-Day: Marching contingents display India’s military might

New Delhi: The Republic Day parade began from Kartavya Path in New Delhi after a 21-gun salute was performed. President Droupadi Murmu, Prime Minister Narendra Modi and this year's chief...

Security tightened across Delhi on R-Day

New Delhi: As the nation is celebrating the 74th Republic Day on Thursday, security has been tightened across Delhi-NCR to avoid any untoward incidents. The Delhi Police have deployed extra...

Padma awards for 2 Indian mathematicians from US, Canada

New Delhi : Two India-born mathematicians in the US and Canada are among the 106 recipients of the prestigious Padma Awards, one of the highest civilian honours of the country,...

You want to send Teesta Setalvad back to custody after 7 years of bail? SC asks CBI, Gujarat govt

The issue pertains to an alleged embezzlement of funds for a museum at Amedabad’s Gulbarg Society The prosecution said that are more than one case against Setalvad and her husband...

PMLA: SC asks UP court to adjourn Rana Ayyub case hearing till Jan 31  

Rana moved SC contending that the UP court does not have jurisdiction to hear the matter since the complaint arose in Mumbai Rana’s lawyer Vrinda Grover reportedly cast aspersion on...

Farmers Union SKM Announces March, Kisan Mahapanchayat On Republic Day

On the Republic Day, farmers belonging to various peasant groups have planned to hold foot marches and tractor rallies in 20 states to mark the Republic Day and pay homage...

After JNU, controversy in Jamia over screening of BBC documentary; 10 detained

Over a dozen students, including members of a left-wing group, were detained by the police and classes were suspended at Delhi's Jamia Millia Islamia on Wednesday after the student groups’...

Stung with criticism, AK Antony’s son quits Congress

Thiruvananthapuram: A day after former Defence Minister A.K. Antony's son, Anil Antony's tweets slamming the BBC's controversial documentary on Prime Minister Narendra Modi drew flak, he resigned from his roles...

SC grants 8-week interim bail to Ashish Mishra in Lakhimpur Kheri case

New Delhi: The Supreme Court on Wednesday granted an eight-week interim bail to Union Minister Ajay Kumar Mishra's son Ashish Mishra, the key accused in the 2021 Lakhimpur Kheri violence...

Read Previous

Will return to Pakistan in 10 days: Maryam Nawaz

Read Next

Most parties oppose simultaneous polls in meeting with Law Commission

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com