Reliance Industries Chairman Mukesh D. Ambani, who keeps his standing as the richest Indian, has kept his annual compensation unchanged at Rs 15 crore for the 10th consecutive year. According to the company’s annual report released on Thursday, Ambani’s decision reflects “his desire to continue to set a personal example for moderation in managerial compensation levels”. “Compensation of Shri Mukesh D. Ambani, Chairman and Managing Director, has been set at […]

Reliance Industries Chairman Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s annual billionaires list published Tuesday. Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion. India has 121 billionaires — 19 more than last year — making them the third largest group of […]