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Tag: industry news

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

Posted on August 6, 2023 By admin
Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Mr. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive…

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Private sector share in investment sees sharp decline in Q1

Posted on July 13, 2023 By admin
Private sector share in investment sees sharp decline in Q1

“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…

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