Tag: chairman

Mukesh Ambani receives death threat, email demands Rs 20 crore
Business

Mukesh Ambani receives death threat, email demands Rs 20 crore

Reliance Industries Chairman Mukesh Ambani received death threats via email threatening to kill him if he failed to pay Rs 20 crores. According to the Mumbai police, it was written in the threatening email that "If you don't give us 20 crore rupees, we will kill you, we have the best shooters in India." After receiving the email, based on the complaint of Mukesh Ambani's security in-charge, Gamdevi Police of Mumbai registered a case against an unknown person under sections 387 and 506 (2) of IPC and started the investigation.First Published: Oct 28 2023 | 10:30 AM IST
Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Business

Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs

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. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar. In a special resolution, Reliance sought the nod of shareholders to appoint Ambani as the head of the company till April 2029. Ambani has been on the board of Reliance since 1977 and was elevated as chairman of the company after the death of his father and group patriarch Dhiburhai Ambani in July 2002. In the special...
Zee Entertainment forms interim committee to run operations; shares up 6.3%
Business

Zee Entertainment forms interim committee to run operations; shares up 6.3%

BENGALURU (Reuters) - Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator's ban on them holding board positions. The interim committee will be under the supervision of Zee's board, a company spokesperson said. The Securities and Exchange Board of India in June banned Chandra and Goenka from holding board positions in publicly listed companies for a year, alleging they were actively involved in diverting funds to the group's other listed entities and firms related to founding shareholders. Last week, the Security Appellate Tribunal refused to vacate the regulator's decision, saying it did not find any illegality or irrationalit...