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Jul 15, 2020 07:28 PM IST | Source: Moneycontrol.com

RIL AGM 2020 Highlights: JioMart grocery delivery pilot successful, reached over 2.5 lakh orders per day, says Mukesh Ambani

RIL AGM 2020 LIVE Updates: Chairman and MD Mukesh Ambani made some major announcements on Jio deal with Google, Jio's made in India 5G solution, Jio Glass launch, status of Aramco deal and more


RIL AGM 2020 LIVE Updates: India’s most-valued private company Reliance Industries held its 43rd Annual General Meeting virtually with Chairman and Managing Director Mukesh Ambani addressing shareholders. Ambani said the target for capital raise is now complete and RIL will now only look at adding strategic partners to its businesses. He also pointed out that RIL has kept its promise of becoming net debt-free ahead of schedule.

Here's a quick wrap on key announcements made by Mukesh Ambani:
- Google will invest Rs 33,737 crore for 7.7 percent stake in Jio Platforms.
- Jio is ready with a “world-class 5G solution” and field deployment could happen next year.
- Launch of Jio TV+ and Jio Glass
- Saudi Aramco deal has not progressed as per the original timeline, but RIL is committed to the deal
- RIL will approach NCLT with a proposal to spin-off the O2C Biz into a separate subsidiary
- RIL is working to induct global partners, investors into Reliance Retail in the next few quarters.

- Jio is partnering with Google to build a smartphone operating system

Shareholders can participate in the annual corporate meet by logging into the live event. Catch the latest updates here:
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  • July 15, 2020 05:55 PM IST

    Wondering what Jio TV+ offers? Take a quick look    
    - Jio TV+ is available to all Jio set-top box users 
    - single sign-in for 12 global OTT apps including Netflix, Prime Video, Disney+ Hotstar, Voot, Sony Liv, Zee5, JioCinema, JioSaavn, YouTube
    - easy discovery of OTT content
    - Aggregated voice search that understands context of search
    - allows content search based on actors, directors, producers, genres and even mood
    - clear menu options such as movies, shows, live tv, music, kids content etc.
    - host of interactive features for users to engage in
    - interactive features even on news channels and music content
     

  • July 15, 2020 05:44 PM IST

    Nita Ambani, chairperson and founder of Reliance Foundation, also has some good news for sports lovers in India. Ambani aims to bring the prestigious Olympics to India one day. Ambani, also a member of the International Olympic Committee (IOC), said: "sports form the bedrock of any society, especially a young society like ours".

    Read more on Nita Ambani's vision to promote sports   

  • July 15, 2020 05:34 PM IST

    A quick look at features of JioGlass
    - weighs only 75g
    - offers best-in-class, immersive mixed reality services
    - comes with a convenient cable that can be attached to your phone and connect to the internet
    - already has 25 apps that allow augmented reality video meetings
    - Jio has paid special attention to graphics so you can get highest-class visual experience with high-resolution display
    - has a personalised audio system, without any accessory attached supports all standard audio formats
    - You can share presentations that can be viewed on a large virtual screen
    - can be used by students and teachers for 3D virtual classrooms 
    .

  • July 15, 2020 05:06 PM IST

    With its planned investment of $4.5 billion (Rs 33,737 crore) for a 7.7 percent stake in Jio Platforms, nearly half of global internet giant Google's promised $10 billion Google For India Digitisation Fund will now be invested in the digital arm of Reliance Industries.

    Google CEO Sundar Pichai had announced the Google For India Digitisation Fund on July 13 under which it will invest nearly Rs 75,000 crore in India over the next 5-7 years, to further Prime Minister Narendra Modi's Digital India vision. 

  • July 15, 2020 04:57 PM IST

    After establishing itself as the digital platform of choice in India, Mukesh Ambani's RIL has now set its sight on creating an ecosystem to help Indian startups grow faster. RIL will provide both technology and financial support to high-potential startups.

    Read how RIL plans to help startups 

  • July 15, 2020 03:58 PM IST

    RIL AGM 2020 LIVE updates | Capital raise complete, now only look to add strategic partners: Mukesh Ambani

    Reliance Industries CMD Mukesh Ambani said the company has completed its capital raising target, and is now looking to add only a strategic partner.

    The company has raised a total of Rs 2.1 lakh crore through the rights issue, British Petroleum deal and stake sales in Jio Platforms, Ambani said.

    Read more here

  • July 15, 2020 03:50 PM IST

    RIL AGM 2020 LIVE updates | Google to invest Rs 33,737 crore for 7.7% in Jio Platforms

    Google will invest Rs 33,737 crore for a 7.7 percent stake in Jio Platforms Limited, becoming the latest A-list investor in the digital unit of Reliance Industries.

    The deal with Jio, which runs the telecom enterprise Jio Infocomm, India’s biggest, as well as movie, news and music apps, is not just a financial but also a strategic investment by the internet giant. Google has joined Facebook Inc, Intel Corp and Qualcomm as strategic partners in Jio.

    Read more here

  • July 15, 2020 03:44 PM IST

    RIL AGM 2020 LIVE updates | Will induct global partners into Reliance Retail: Mukesh Ambani

    RIL will induct global partners and investors into the company in the next few quarters, CMD Ambani said during this address.

    He said his group's retail venture has received strong interest from strategic and financial investors.

    Read more here

  • July 15, 2020 03:34 PM IST

    RIL AGM 2020 LIVE updates | Reliance Industries’ Chairman and Managing Director Mukesh Ambani has concluded his AGM address.

  • July 15, 2020 03:23 PM IST

    RIL AGM 2020 LIVE updates | Reliance Foundation chairperson and founder Nita Ambani: I assure to you that as soon as a vaccine against COVID-19 is available, we will use our digital infrastructure and supply chain to ensure it reaches every corner of the country.

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