Reliance AGM LIVE updates: Reliance Jio ready to converge with 5G at minimum incremental investment, vows Mukesh Ambani
Reliance AGM LIVE updates: The Mukesh-Ambani owned Reliance Industries is set to host it's 42nd Annual General Meet today at 11 am in Mumbai. Going by the precedence of the RIL AGM, the company is expected to make major announcements like a new JioPhone and the Jio GigaFiber service FTTH (Fibre to the Home) — combo of television and fixed landline, which is already in the test phase. During the AGM, Mukesh Ambani will also address the gathering. Last year, the company had announced JioPhone 2 in its AGM, the successor to its JioPhone, announced a year earlier.
Here are Reliance AGM LIVE updates:
Reliance AGM LIVE updates: The Mukesh-Ambani owned Reliance Industries is set to host it's 42nd Annual General Meet today at 11 am in Mumbai. Going by the precedence of the RIL AGM, the company is expected to make major announcements like a new JioPhone and the Jio GigaFiber service FTTH (Fibre to the Home) — combo of television and fixed landline, which is already in the test phase. During the AGM, Mukesh Ambani will also address the gathering. Last year, the company had announced JioPhone 2 in its AGM, the successor to its JioPhone, announced a year earlier.
Here are Reliance AGM LIVE updates:
Latest Updates
Reliance Jio eyes Rs 20,000 crore market in its IOT platform, confirms Mukesh Ambani in his 42nd Reliance Industries AGM speech.
Talking upon the 5G network, the Reliance Jio is set to converge with 5G network at minimum incremental investments, vows Mukesh Ambani.
Reliance Jio has crossed 340 million subscribers and still, it is adding 10 million per month in its subscribers base.
India is a $2.5 trillion economy and 3-5 per cent of its GDP is spent on the Digital Services and Reliance Jio is well placed to take advantage of this status.
Reliance Industries to invest Rs 35,000 crore at KG D6 basin to explore natural gas.
Reliance Industries and BP inks an agreement. BP to participate in RIL petroleum retail business. RIL to get Rs 7,000 crore in return from this deal.
Fundamental of Indian economy is sound and stable and so does the fundamentals of Reliance Industries, says Mukesh Ambani.
Future of India is the future of Reliance. As India is transforming, the Reliance Industries has to transform itself to fulfill Prime Minister Narendra Modi's target of making India a $5 trillion economy, says Mukesh Ambani.
Reliance Industries continues to remain number one exporter of India with exports to 107 countries accounting for around 9.8 per cent of the net Indian exports, say Mukesh Ambani.
Jio crossed 340 million users, becomes fastest growing telecom compnay, says Mukesh Ambani.
Mukesh Ambani begins his speech at 42nd AGM of Reliance Industries.
Shri Mukesh D. Ambani addressing shareholders at 42nd Annual General Meeting of #RIL https://t.co/NmVIcbu17e
— Reliance Jio (@reliancejio) August 12, 2019
Stock market experts are of the opinion that RIL share price would continue to trade range-bound between Rs 1,130 to Rs 1,210 per stock levels.
Reliance AGM won't have much impact on the Reliance Industries or RIL share price as its Q1FY20 numbers have already made the company's plans clear to the stock market investors.
The AGM will be held at Birla Matushri Sabhagar near Bombay Hospital & Medical Research Centre in Mumbai. It will begin at 11:00 am. The Reliance AGM live streaming online will be available on company's Twitter, Facebook and YouTube channels. You can also catch all the live updates at ZeeBiz.com and Zee Business TV.
Market experts are of the opinion that Reliance AGM may unveil some road map for the 5G as there would be a major rivalry between Reliance Jio and Bharti Airtel in coming days and Airtel has already started to make a plan for near Rs 2.5 lakh crore to Rs 3 lakh crore, that it would require post-5G launch.