Reliance ADA Group chairman Anil Ambani has “voluntarily” decided to draw “no salary or commission” from beleaguered telecom arm - Reliance Communications in FY18.
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Reliance ADA Group chairman Anil Ambani has “voluntarily” decided to draw “no salary or commission” from beleaguered telecom arm - Reliance Communications in FY18.
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Anil Ambani has resigned as director of Reliance Communications, the debt-ridden company said in a filing on Saturday. According to the filing, Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom. 'Your good office may also note that Shri Manikantan V., has also tendered his resignation as a director and Chief Financial Officer of the Company earlier. The aforementioned resignations shall be put up to the committee of creditors of the Company for their consideration,' the filing added.
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Reliance Jio and State Bank of India (SBI), which are partners in a payment bank venture, Thursday extended the same to the digital payments space that will help ramp up the nation's largest lender's digital customer base multi-fold. Under the partnership, SBI Yono, an omni channel platform offering digital banking, commerce and financial superstore services, will be enabled through the MyJio platform to customers, while MyJio, the over-the-top (OTT) mobile application, will bring in financial services capabilities of SBI and Jio Payments Bank. (Text: PTI)
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Reliance Industries chairman Mukesh Ambani is opening up his digital business, including Jio, for investment. And how does he plan to do that? By creating a subsidiary that brings together all the digital and mobility businesses under a new entity. ET Online's Poorabi Gaekwad has more.
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