Home / India News / Top headlines: RIL announces pay cuts; Rishi Kapoor passes away, and more

Top headlines: RIL announces pay cuts; Rishi Kapoor passes away, and more

From the US coordinating with India on restoring supply chains to death of veteran actor Rishi Kapoor, here are top headlines of the day

This is the second time the Mukesh Ambani-led RIL has changed the bidding date; the new date is November 15

Premium

The annual cash bonus and performance-linked incentives which are normally paid in the first quarter of a year have also been deferred.

BS Web Team New Delhi

5 min read Last Updated : Apr 30 2020 | 5:15 PM IST

RIL announces salary cuts; Mukesh Ambani to forgo entire compensation

Reliance Industries Ltd has announced that it will reduce the salaries of some of its employees in the hydrocarbon division by 10 per cent in view of the "adverse impact" of the coronavirus pandemic on fuel demand. The company’s board of directors would forgo 30 per cent to 50 per cent of their salary, and Chairman Mukesh Ambani, India’s richest man, his entire compensation, according to a letter signed by Reliance Industries Executive Director Hital R Meswani. Read More

India's jewellery demand dips 41% to 11-year low in March

Topics : Coronavirus Lockdown Raghuram Rajan Rishi Kapoor

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in