Chalking out an aggressive expansion strategy in the petroleum retail segment, Mukesh Ambani-run Reliance Industries on Thursday said it will more than double the number of fuel stations across the country by the middle of next year.
Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, has been recommended for appointment as a director on the board of the company.
India's largest firm Reliance Industries has initiated work-from-home for its staff while keeping open consumer-facing businesses of hospital, retail stores and telecom with a minimum workforce amid increasing number of Covid-19 cases in the country. Chairman and Managing Director Mukesh Ambani will hold a meeting almost every third day to take stock of the impact of novel coronavirus (covid-19) outbreak on his employees and business, officials said.
Wife Nita, who joined the board as non-executive director in FY15, draws Rs 84 lakh
Ambani's wife Nita Ambani, a non-executive director on the company's board, earned Rs 600,000 sitting fee.
Mukesh Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
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