Reliance announces pay cuts, Mukesh Ambani to forgo entire compensation

Reliance announces pay cuts, Mukesh Ambani to forgo entire compensation: Amidst pandemic coronavirus, Reliance Chief Mukesh Ambani has decided to forgo his entire compensation as the company has announced salary cuts and deferment of performance linked payments for its employees.


Prime Minister Narendra Modi has urged industries not to cut jobs even as companies struggle due to the crisis created by the pandemic and the subsequent nationwide lockdown. RIL has decided to cut costs by reducing compensations to employees, among other measures, to face challenges faced by its businesses..

Comments

Post a Comment

Popular posts from this blog

Panasonic India to Launch Eluga Series of Smartphones

Image
Panasonic India to Launch Eluga Series of Smartphones Taking innovation to a new level, Panasonic has introduced its world-renowned smartphone series ELUGA"to India. Equipped with superior hardware components, the ELUGA smartphone series is known for its design, superior build quality and unique user interface for single-hand operation.   ELUGA U is Panasonic’s first device of the series and has a 12.7cm (5) IPS HD (720x1280) display with Corning Gorilla Glass 3 integrated as an On-Glass solution. It comes with Android 4.4.2 (KitKat) running on the powerful and power-efficient Qualcomm Snapdragon 400 processor featuring quad-core CPU, Qualcomm Adreno GPU and low-power display engine for beautiful visuals, and support for  2GB RAM and 16GB in-built storage. Qualcomm Snapdragon and Qualcomm Adreno are products of Qualcomm Technologies Inc., a wholly-owned subsidiary of Qualcomm Incorporated. The Stylish Play, ELUGA U has been designed keeping in ...
Read more

Intex launches Aquq Octa Smartphone

Image
Intex has announced the launch of its Octa Core processor phone "Aqua Octa" which is powered by MediaTek. This dual-SIM smartphone comes laden with a 6-inch capacitive touch OGS HD display that provides a 720X1280 resolution. The phone is studded with 13MP rear camera with autofocus and also flaunts a 5MP front camera. Running on Android 4.2.2 Jelly Bean, the smartphone gives its users an ease of connectivity via Micro 5 Pin port, Bluetooth, Wi-Fi, 3G, EDGE, GPRS and WAP. It gives a high-resolution video playability and support various video formats such as 3GPP, 3GP, MP4 and AVI and can play 60 FPS video files. Talking of battery, the phone comes loaded with 2300 mAh marathon battery that provides up to 6 hours of talk-time and 180 hours of standby. Sanjay Kumar Kalirona, Business Head – Mobile, Intex Technologies (I) Ltd , said, “The launch of ‘Aqua Octa’ reinforces our brand’s promise to bring premium smart devices at the leading edg...
Read more