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Reliance Jio Prices Unveiled: Mukesh Ambani's Key Announcements

News18.com | September 1, 2016, 1:41 PM IST
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Reliance Industries chairman Mukesh Ambani has made key announcements related to Reliance Jio mobile services in his address to the RIL Annual General Meeting on Thursday.

Ambani revealed the highly-anticipated tariff plans and infrastructure layout that could not only start the price war, but also begin a new digital revolution in India. Reliance industries has officially announced that it will offer services at substantially lower rates than the rivals.

(Disclosure: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited that also owns Reliance Jio)

Here are the live updates.

Sep 1, 2016 12:52 pm (IST)
Sep 1, 2016 12:47 pm (IST)

Under Nita’s guidance, RIL Foundation continues to be the largest corporate Foundation in India: Mukesh Ambani

Sep 1, 2016 12:44 pm (IST)
Sep 1, 2016 12:38 pm (IST)

We own highest number of channels - 58 spanning news, entertainment; including 11 that cater to Indian audiences in international markets. Our channels collectively reach out to more than 500 million viewers every month – nearly two out of every five Indians: Mukesh Ambani

Sep 1, 2016 12:31 pm (IST)

Reliance is India’s largest exporter accounting for 8.5% of India’s total merchandise exports: Mukesh Ambani

Sep 1, 2016 12:25 pm (IST)

Our petrochemical business had the highest ever volumes and earnings. Its margins were among the top 5 companies globally: Mukesh Ambani

Sep 1, 2016 12:25 pm (IST)

Reliance demonstrated best earnings growth not only among large companies in India but also among the strongest in our global peer group. The gross refining margin at $10.8/barrel was the highest in 7 years: Mukesh Ambani 

Sep 1, 2016 12:24 pm (IST)

Our operating and net profits grew by 14% and 17% respectively: Mukesh Ambani 

Sep 1, 2016 12:24 pm (IST)

The net profit for the year stood at Rs 27,630 crore, the highest in the Indian corporate sector: Mukesh Ambani 

Sep 1, 2016 12:23 pm (IST)
Sep 1, 2016 12:22 pm (IST)

There are very few other parallels of creating such a new business anywhere in the world: Mukesh Ambani 

Sep 1, 2016 12:22 pm (IST)

We are creating a consumer-centric business founded on technology, logistics, customer satisfaction as defining principles: Mukesh Ambani

Sep 1, 2016 12:22 pm (IST)

Our consumer business has media and entertainment, digital services and retailing: Mukesh Ambani

Sep 1, 2016 12:21 pm (IST)

We have invested more in the last 5 years than in the first 35 years of the company: Mukesh Ambani

Sep 1, 2016 12:20 pm (IST)

Our petroleum retailing business is now a part of overall retailing as is a very large distribution network for mobile and digital services: Mukesh Ambani

Sep 1, 2016 12:19 pm (IST)

We are also de-risking this business model from cyclical commodity earnings profile to an annuity like strong cash-flow generating portfolio. In past 2 years, earnings have grown while oil prices have dropped from $100 to below $40, demonstrating success of new business model: Mukesh Ambani 

Sep 1, 2016 12:18 pm (IST)

We are investing in excess of Rs 110,000 crores in our petrochemicals and refining business for growth: Mukesh Ambani 

Sep 1, 2016 12:18 pm (IST)

We have invested more in the last 5 years than in the first 35 years of the company: Mukesh Ambani

Sep 1, 2016 12:17 pm (IST)

We demonstrated our faith [in India] by investing over Rs.250,000 crores: Mukesh Ambani

Sep 1, 2016 12:14 pm (IST)
Sep 1, 2016 12:10 pm (IST)

Finally, Jio is also about bringing people together. It is about you, our family, friends, community and Indians together: Mukesh Ambani

Sep 1, 2016 12:09 pm (IST)

Third, Jio is about doing things in a smart, simple and secure way: Mukesh Ambani

Sep 1, 2016 12:09 pm (IST)

Secondly, Jio is about connected Intelligence: Mukesh Ambani

Sep 1, 2016 12:09 pm (IST)

Jio is about affordable, high quality and abundant data, enabling Digital Life for Digital India: Mukesh Ambani

Sep 1, 2016 12:08 pm (IST)

I appeal to my fellow operators to do their part to create a fair framework of co-opetition that is good for India and Indian customers: Mukesh Ambani

Sep 1, 2016 12:06 pm (IST)
Sep 1, 2016 12:05 pm (IST)
Sep 1, 2016 12:03 pm (IST)

Giving the impression to Jio customers that voice is not working, when actually the incumbent operators are deliberately dropping calls. This is why telecom operators have legal obligations, as part of license conditions, to provide Points of Interconnect to other operators: Mukesh Ambani

Sep 1, 2016 12:02 pm (IST)

In the last week alone, Jio customers suffered over 5 crore call failures to other networks because of insufficient interconnect capacity

Sep 1, 2016 12:02 pm (IST)

Therefore, the onus is rightly on the incumbent operators not to misuse their market power by creating unfair hurdles: Mukesh Ambani

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