Indias most-valuable company is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid-19, according to its annual report. Its diagnostic kits R-Green and R-Green Pro have been approved by Indias apex medical research body and it has designed a process to make sanitizers at one-fifth the market cost, Reliance said in the report.
In the company s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms - the unit that houses its telecom and digital business - and retail arm for almost Rs 2 lakh crore, 49 per cent in fuel retailing venture for Rs 7,629 crore and raised another Rs 53,124 crore through rights issue.
Reliance, Motherson Sumi among top trading ideas in June series
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Bank, auto and oil stocks in limelight
Banking and finance, automobile and oil and gas companies are garnering most attention in the June derivatives series. Traders are adding bullish positions in state-owned banks while some metal stocks continue to enjoy bullish interest due to the ongoing rally in commodity prices. Auto stocks are in the limelight due to May sales numbers and corporate earnings. Meanwhile, Reliance Industries stood out in the derivatives segment as traders are covering short positions in the country’s most valuable company and expect it to reclaim re
Read more about Amid pandemic, chairman Mukesh Ambani drew no salary in FY21: Reliance on Business Standard. In the previous fiscal year, he drew a Rs 15 cr salary from the company - the same as in the previous 11 years
Mukesh Ambani draws nil salary
Updated:
Updated:
June 03, 2021 13:54 IST
In the previous fiscal year, he drew a ₹ 15 crore salary from the company - the same as in the previous 11 years.
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Mukesh Ambani, Chairman and Managing Director of Reliance Industries. File | Photo Credit:
REUTERS
In the previous fiscal year, he drew a ₹ 15 crore salary from the company - the same as in the previous 11 years. Richest Indian Mukesh Ambani drew no salary from his flagship firm Reliance Industries Ltd in the fiscal year ended March 31 as he voluntarily gave up remuneration in light of the pandemic hitting the business and the economy.