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Tag: Hital Meswani

  • Mukesh Ambani keeps salary unchanged for 10th year in a row

    Mukesh Ambani keeps salary unchanged for 10th year in a row

    MUMBAI: Reliance Industries (RIL) chairman and India’s richest man Mukesh Ambani kept his annual salary capped at Rs 15 crore for the tenth year running. RIL’s annual report released on Thursday said Ambani’s decision to freeze his pay shows “his desire to continue to set a personal example for moderation in managerial compensation levels”.

    According to a report by news agency PTI, Ambani’s remuneration for 2017-18 included Rs 4.49 crore as salary and allowances. Commission, at Rs 9.53 crore, witnessed no alternation, while perquisites were reduced to Rs 27 lakh from Rs 60 lakh, with retirement benefits of Rs 71 lakh.

    Ambani, who has a net worth of $40.1 billion, took home a lesser pay than his cousins and RIL executive directors Nikhil Meswani and Hital Meswani . The duo earned Rs 19.9 crore each in the financial year 2017-18. In 2016-17, the Meswani brothers were paid Rs. 16.58 crore each.

    Ambani’s wife Nita Ambani earned Rs 6 lakh sitting fee and a commission of Rs 1.50 crore as compared to Rs 1.35 crore in 2016-17. Nita joined the RIL board as a non-executive director in 2014.

    The 61-year-old Ambani was ranked 19th globally in Forbes 2018 ‘World’s Billionaires’ list, moving up from the 33rd position he occupied last year.

  • “Indian M&E sector is on the cusp of a strong growth phase”: Punit Goenka

    “Indian M&E sector is on the cusp of a strong growth phase”: Punit Goenka

    MUMBAI: Sharing his views on the theme ‘India: Delivering the Dream’, Zee Entertainment Enterprises Ltd (Zeel) managing director and CEO Punit Goenka delivered a keynote at the 19th Wharton India Economic Forum (WIFE) on 21 February.

     

    Held at The Wharton School, University of Pennsylvania, Goenka spoke about the changed business environment in India with initiatives by the new government and the current state of the media and entertainment industry in India.

     

    He also discussed Zeel’s journey over the past 20 years and the opportunities and challenges he foresees over the next few years.

     

    Speaking on the media and entertainment industry in India, Goenka said that widespread technological advances in the ecosystem and the digital experience driven mainly by aspects like digitization of cable industry, has brought a new mindset to make business – quicker, targeted, transparent and collaborative.

     

    He believed that this industry is the “sunrise sector” for the nation’s economy. Proving its resilience to the world, the Indian M&E sector is on the cusp of a strong phase of growth.

     

    “With most industry firsts to our credit, we as a global entertainment conglomerate have always been at the crest of innovation and leadership. We take immense pride in the fact that, unlike other global media companies which have travelled to India to set up their operations, Zee has travelled against the flow and has successfully set up its presence across 169 countries, entertaining over 730 million viewers across the globe,” Goenka said.

     

    The other keynote speakers were Reliance Industries’ Hital Meswani, Abbott India’s Rehan A. Khan, Microsoft’s Sanket Akerker and Bank of India’s V.R. Iyer.

  • Punit Goenka to deliver keynote on M&E sector at Wharton

    Punit Goenka to deliver keynote on M&E sector at Wharton

    MUMBAI:  Zee Entertainment Enterprises Ltd (Zeel) managing director and CEO Punit Goenka will deliver a keynote at the 19th Wharton India Economic Forum (WIEF) to be held at The Wharton School, University of Pennsylvania on 21 February, 2015.

     

    The theme of the conference is – ‘India: Delivering the Dream.’ Goenka will address the changed business environment in India with initiatives by the new government and the current state of the media and entertainment industry in India.

     

    He will also discuss Zeel’s journey over the past 20 years and the opportunities and challenges he foresees over the next few years.

     

    The other keynote speakers at the Forum are Reliance Industries Limited’s Hital Meswani, Abbott India’s Rehan A Khan, Microsoft’s Sanket Akerker and Bank of India’s V.R.Iyer.

     

    WIEF is a student-led business conference to discuss the opportunities and challenges faced by India. Started in 1996, it is a leading India-focused business forum held annually at The Wharton School, University of Pennsylvania which is among the top three institutions in the world for business education.

     

    The WIEF attracts business leaders, policy-makers, professionals and students to engage in fruitful dialogue and is attended by over 400 delegates including Wharton MBA, Penn Graduate and Undergraduate students, Wharton alumni and industry representatives and professionals.