Labour law

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Labour law (also known as labor law or employment law) mediates the relationship
between workers, employing entities, trade unions and the government. Collective
labour law relates to the tripartite relationship between employee, employer and
union. Individual labour law concerns employees' rights at work also through the
contract for work. Employment standards are social norms (in some cases also
technical standards) for the minimum socially acceptable conditions under which
employees or contractors are allowed to work. Government agencies (such as the
former US Employment Standards Administration) enforce labour law (legislature,
regulatory, or judicial).

Reliance Industries
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Not to be confused with Reliance Group.
Reliance Industries Limited
Reliance Industries Logo.svg
Type
Public
Traded as
BSE: 500325
NSE: RELIANCE
LSE: RIGD
BSE SENSEX Constituent
CNX Nifty Constituent
ISIN INE002A01018
Industry Conglomerate
Founded 8 May 1973; 47 years ago
Founder Dhirubhai Ambani
Headquarters Mumbai, Maharashtra, India
Area served
Worldwide
Key people
Mukesh Ambani
(Chairman & MD)
Products
PetroleumNatural
gasPetrochemicalsTextilesRetailTelecommunicationsMediaEntertainmentMusicBanking
Revenue Increase ?659,205 crore (US$92 billion) (2020)[1]
Operating income
Increase ?102,280 crore (US$14 billion) (2020)[1]
Net income
Increase ?44,324 crore (US$6.2 billion) (2020)[1]
Total assets Increase ?1,152,000 crore (US$160 billion) (2020)[1]
Owner Mukesh Ambani (47.35%)[2]
Number of employees
194,056 (2019)[3]
Subsidiaries
Jio Platforms (75.35%)
Reliance Retail
Reliance Petroleum
Jio Payments Bank (70%)
Network 18
Football Sports Development Ltd
Mumbai Indians
Website www.ril.com
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company
headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged
in energy, petrochemicals, textiles, natural resources, retail, and
telecommunications. Reliance is one of the most profitable companies in India,[4]
the largest publicly traded company in India by market capitalization,[5] and the
largest company in India as measured by revenue after recently surpassing the
government-controlled Indian Oil Corporation.[6] On 18 October 2007, Reliance
Industries became the first Indian company to exceed $100 billion market
capitalization.[7][8]

The company is ranked 106th on the Fortune Global 500 list of the world's biggest
corporations as of 2019.[9] It is ranked 8th among the Top 250 Global Energy
Companies by Platts as of 2016. Reliance continues to be India's largest exporter,
accounting for 8% of India's total merchandise exports with a value of Rs 147,755
crore and access to markets in 108 countries.[10] Reliance is responsible for
almost 5% of the government of India's total revenues from customs and excise duty.
It is also the highest income tax payer in the private sector in India.[10] In
2019, Reliance Industries become the first Indian firm to cross Rs 9 lakh crore
market valuation mark.[11] It has become the first ever Indian company to cross Rs
10 lakh crore market capitalization.[12][13][14]

Contents
1 History
1.1 1960�1980
1.2 1981�2000
1.3 2001 onwards
2 Shareholding
2.1 Listing
3 Operations
3.1 Major subsidiaries and associates
4 Employees
5 Awards and recognition
6 Controversies
6.1 De-merger of RIL in 2005�2006
6.2 Relationship with ONGC
7 Scams
7.1 Insider trading
7.2 NICL
7.3 RIL plane grounded
7.4 Krishna Godavari (KG) Basin gas
7.5 Petition against Reliance Jio
8 See also
9 References

Contents
1 History
1.1 Child labour
1.2 Working conditions
2 Individual labour law
2.1 Employment terms
2.2 Minimum wage
2.3 Living wage
2.4 Hours
2.5 Health and safety
2.6 Discrimination
2.7 Dismissal
2.8 Child labour
3 Collective labour law
3.1 Trade unions
3.2 Workplace participation
3.3 Information and consultation
3.4 Collective bargaining
3.5 Collective action
4 International labour law
4.1 International Labour Organization
4.2 Work in multiple countries
4.3 EU law
5 National labour laws
5.1 Australia
5.2 Canada
5.3 China
5.4 France
5.5 India
5.6 Iran
5.7 Israel
5.8 Japan
5.9 Mexico
5.10 Sweden
5.11 Switzerland
5.12 United Kingdom
5.13 United States
5.14 Halakhah (Jewish religious law)
6 See also
7 Notes
8 References
9 Further reading
10 External links