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The subscribers of JioFiber will be provided with a set-top box, which boasts of certain novel smart features. For instance, the Jio set-top boxes would be the first in the country to make conference video calls possible. Moreover, users will be able to make free video calls through their handheld smart devices.
Jio and Microsoft will jointly offer Office 365 so more organizations can empower their employees with a modernworkplace, said Satya Nadella, CEO, Microsoft. Nadella added that Jio and Microsoft will bring Azure Cognitive Services to more devices, creating new, breakthrough intelligentexperiences, with support for 13 Indian languages and others to come.
The Reliance model of development
Investors will appreciate the initiatives announced at the RIL AGM, not least the partnership with Microsoft. The stage has been set for a re-rating of the RIL stock.... Read More
RIL's deals with Aramco and BP will generate huge amounts of cash, while inducting global partners in its consumer businesses will also help. Investors will welcome the value addition that Aramco and BP will provide to the company’s Oil to Chemicals business.
The RIL-Saudi Aramco deal and RIL-BP deal indicate a systematic monetisation of the built-up assets and an end to the aggressive capex cycle for the company.
Ajay Bodke,CEO (PMS),Prabhudas Lilladher said that the RIL-Saudi Aramco partnership isinarguably India's largest-ever FDI inflow and would help dissipate the gloomy sentiment currently pervading in the economy & stock markets.
Data is wealth and Indian wealth must remain in India, said RIL CMD MukeshAmbani.
Network 18 is among the top digital media players in the country, with one in four Indians on theirwebsites or applications, said Mukesh Ambani.
RIL's new commerce platform represents the digital symbiosis of big and small enterprises, said Mukesh Ambani.
Through the the Reliance Foundation's rural transformation programmes, Mukesh Ambani said that they have improved the livelihoods of over 8 million people across19,000 villages.
As a mark of respect to the Pulwama martyrs, Reliance Foundation has assumed full responsibility for the education of their children,and the livelihood of their families.
In particular, a concrete deadline of 18 months for reducing the net debt to zero for RIL will assuage the concerns of investors and analysts.
Net-zero debt and listing for Jio, Reliance Retail were the dominant themes of Mukesh Ambani’s speech at RIL’s 42nd AGM.
RIL, on October 17, 2018, announced that it would buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom for Rs 5,230 crore, a move aimed at becoming the largest player in the broadband, cable TV and direct-to-home markets.
The average fixed-line download speed in the US is 90 Mbps, in India even with the most basic Jio Fiber plans will start at 100 Mbps, said Mukesh Ambani.
RIL CMD Mukesh Ambani said that as on date, they have invested in 14 startups that have developed unique capabilities in their respective fields with a total of 1,500 talented engineers.
The RIL-Saudi Aramco partnership will cover all of RIL'srefining and petrochemicals assets, including 51 percentof the petroleum retail joint venture, said Mukesh Ambani.
The two consumer businesses now collectively contribute nearly 32 percentto the consolidated EBITDA of RIL, up from 2 percentfive years ago, said Mukesh Ambani.
Reliance Retail has built the capabilities to address the US$ 700 billion unorganised retail opportunity,which is called New Commerce, said Mukesh Ambani.
Reliance Foundation aspires to make a greater impact to the nation through partnerships, digital technology and directaction, said RIL CMD Mukesh Ambani.
With initiatives like partnerships with Saudi Aramco and BP, global partnerships in Reliance Retail and Jio, and unlocking value for real estate and financial investments, RIL CMD Mukesh Ambani said that thecompany will have one of the strongest balance sheets in the world.
Reliance Retail sells nearly half of the fresh fruits and vegetables sold by the entire modern retail ecosystem in India, said RIL CMD Mukesh Ambani. He added that theysold more than 6.4 lakh tonnes of groceries during the year.
With respect to Reliance Retail, Mukesh Ambani said that they have expanded theirfootprint at a rate of eightstores per day, opening a total of 3,000 new stores this year. This, he said, is higher thanany other retailer globally.
With Reliance de-emphasising its Shale Gas business in the USA, Mukesh Ambani said that they are currently focussed only on India.
Mukesh Ambani has also endorsedPrime MinisterNarendra Modi's goal of making India a 5 trillion dollar economy by 2024.
RIL intends to utilise merchant point of sale (POS) solution–Jio Prime Partner POS– to create an ecosystem around small merchants.
Jio HoloBoard will offer mixed reality experience which will be a mix of augmented reality and virtual reality at affordable prices.
Shares of Reliance Industries can surge 4-5 percent or Rs 50-70 higher on August 13 following some big bang announcements by Chairman and Managing Director Mukesh Ambani on August 12.
Jio Fiber testing had led to speeds ranging from 100 Mbps to 1 Gbps, Mukesh Ambani's son, Akash said.
Reliance Retail aims to be among the world’s top 20 retailers over the next five years, chairman and managing director Mukesh Ambani said at the 42nd annual general meeting.
RIL has shifted around Rs 1.25 lakh crore worth of telecom assets into a separate infrastructure trust with the intention of raising money from global institutional investors.
Mukesh Ambani, CMD, RIL said that shareholders that once the net zero debt status was achieved, they would be amply rewarded in the form of dividends and bonus share issues.
RIL has shifted around Rs 1.25 lakh crore worth of telecom assets into a separate infrastructure trust with the intention of raising money from global institutional investors.
Reliance Industries chairman Mukesh Ambani has announced the roll-out of Jio Fiber from September 5, with free voice calls, high-speed broadband, free HD 4K televisions and a set-top box.
Mukesh Ambani said thatJio has been signing 10 million new customers every month andreaching 500 million subscribers is well within company's grasp.
In FY19, RIL became India's largest and most profitable company among private and public sector companies, said CMD Mukesh Ambani.
RIL CMD Mukesh Ambani has said that theywill also evaluate value unlocking options for our real estate and financial investments.
Jio GigaFiber pricing has been a significant announcement. Currently available on beta testing, GigaFiber customers paid up to Rs 4,500 as a security deposit for the router only, with broadband internet up to 100GB free per month. After the commercial rollout, customers will only be charged between Rs 700 and Rs 10,000 per month, depending on the plan.
