Reliance Annual General Meeting
At its 42nd annual general meeting (AGM), Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani today announced that Saudi Aramco will buy a 20% stake in its oil-to-chemical business. Mukesh Ambani also announced details related to the launch of Jio Fiber service, the triple play of broadband, TV and landline.
Reliance AGM Video watch here
live updates of Mukesh Ambani's speech at Reliance
We will move towards listing of Jio and Reliance Retail within the next five years: Mukesh Ambani.
Mukesh Ambani reveals roadmap to becoming a zero net debt company in the next 18 months.
Reliance has invested ₹5.4 trillion during the last five years to generate EBITDA in excess of US$ 1 billion annually for over a decade.
Jio will provide unlimited ISD calling service from Jio landline at fixed monthly rental of ₹500 to US and Canada.
Reliance’s new commerce platform represents the digital symbiosis of big and small enterprises. I believe that the small must not only survive, but also thrive in New India: Mukesh Ambani.
Our merchant Point of Sale (POS) Solution – Jio Prime Partner POS – is integral to our plan to create an ecosystem around small merchants. This user-friendly digital platform will modernise even the smallest kirana shop to become a digitized store: Mukesh Ambani.
Today, Reliance Retail is the only Indian retailer to be ranked in the Global 100 top retailers. Over the next 5 years, our aim is to be amongst the world’s top 20 retailers: Mukesh Ambani.
Last year, Reliance Retail sold TV every 4 seconds, phone every 2 seconds.
The retail business has grown phenomenally, registering a 7-fold increase in revenue and a 14-fold increase in profit in the last 6 years. Relentless focus on operating discipline has resulted in a 3-fold rise in per store productivity in last 5 years: Mukesh Ambani.
Reliance Jio will provide a bundle of connectivity and essential business productivity and automation tools to Indian small businesses for 1/10th the cost at ₹1,500 per month: Mukesh Ambani.
Mukesh Ambani says Jio will provide connectivity and the Jio-Azure cloud service to Indian technology startups absolutely free.
Jio to set up a network of large world-class datacenters across India powered by Microsoft’s Azure cloud platform.
Jio is s setting up a pan-India Edge Computing and Content Distribution network starting with tens of thousands of nodes: Ambani.
Under a Welcome Offer, Jio Fiber customers opting for annual plan will get a new Jio Forever plan under which a full HD TV or a Home PC and 4k set-top box will be given for free: Ambani.
Jio Fiber will launch a premium service where customers can watch movies at home on the same day they are released in theaters. This service will be launched in the middle of 2020: Mukesh Ambani.
Jio Fiber's plans will be priced at ₹700- ₹10,000 per month.
Jio Fiber's most basic plans will start at 100 Mbps and go upto 1 Gbps.
New mixed reality (MR) headsets, built by a startup that Jio has invested in, will be available in the market soon.
Jio set-top box supports gaming.
Ambani announces Internet of Things for entire country, home and enterprise broadband, broadband for SME.
Jio Fiber services to be launched on commercial basis on 5th September 2019 - on the third anniversary of Jio’s launch.