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Reliance Industries AGM 2019 Highlights: All Major Announcements

Business | News18 | August 12, 2019, 12:45 pm
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 Mukesh Ambani, Chairman and Managing Director of Reliance Industries, country's second-largest company by market capitalisation, announced various plans and partnerships across businesses at 42nd Annual General Meeting on August 12. Here are key things that Mukesh Ambani said at Reliance Industries' 42nd AGM...

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, country's second-largest company by market capitalisation, announced various plans and partnerships across businesses at 42nd Annual General Meeting on August 12. Here are key things that Mukesh Ambani said at Reliance Industries' 42nd AGM...

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 Reliance Retail crossed the turnover of Rs 1.3 lakh crore to be the largest retail company. (Image: Special Arrangement)

Reliance Retail crossed the turnover of Rs 1.3 lakh crore to be the largest retail company. (Image: Special Arrangement)

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 Reliance Retail is larger than all major retailers put together. (Image: Special Arrangement)

Reliance Retail is larger than all major retailers put together. (Image: Special Arrangement)

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JV with BP will invest Rs 35,000 crore in KG-D6. Focussing on augmenting production of methane; partnership with BP will help here. (Image: Special Arrangement)

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 Jio has been signing 10 million new customers every month; 500 million subscribers well within the company's grasp. Jio has become the second-largest operator in the world. (Image: Special Arrangement)

Jio has been signing 10 million new customers every month; 500 million subscribers well within the company's grasp. Jio has become the second-largest operator in the world. (Image: Special Arrangement)

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 It is my passion and conviction that New India will lead and not follow the advanced nations of the world in adopting, even creating disruptive technologies that will decide the winners and losers of the Fourth Industrial Revolution: Mukesh Ambani. (Image: Special Arrangement)

It is my passion and conviction that New India will lead and not follow the advanced nations of the world in adopting, even creating disruptive technologies that will decide the winners and losers of the Fourth Industrial Revolution: Mukesh Ambani. (Image: Special Arrangement)

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 The much-awaited Reliance Jio home broadband services have been detailed at the 42nd Annual General Meeting (Post-IPO) of Reliance Industries Limited (RIL). Jio Fiber will roll out on September 05 on a commercial basis across India. This is also the third anniversary of Jio services in India. The company confirms that tariff packages will start at Rs 700 per month, with speeds ranging between 100Mbps and 1Gbps depending on the tariff plans. (Image: Special Arrangement)

The much-awaited Reliance Jio home broadband services have been detailed at the 42nd Annual General Meeting (Post-IPO) of Reliance Industries Limited (RIL). Jio Fiber will roll out on September 05 on a commercial basis across India. This is also the third anniversary of Jio services in India. The company confirms that tariff packages will start at Rs 700 per month, with speeds ranging between 100Mbps and 1Gbps depending on the tariff plans. (Image: Special Arrangement)

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 They have already received registrations of interest for the home broadband service from as many as 15 million homes across 1600 towns in India. (Image: Special Arrangement)

They have already received registrations of interest for the home broadband service from as many as 15 million homes across 1600 towns in India. (Image: Special Arrangement)

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 Along with the Jio Fiber service, the Jio Home Phone service will be bundled as well. (Image: Special Arrangement)

Along with the Jio Fiber service, the Jio Home Phone service will be bundled as well. (Image: Special Arrangement)

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 The local and STD voice calls from this wireline phone, will be absolutely free. The international calling tariffs will also be as much as 1/10th of the prevailing rates. At the AGM, the company also confirmed that there will be an unlimited calling plan for US and Canada, priced at Rs 500 per month. (Image: Special Arrangement)

The local and STD voice calls from this wireline phone, will be absolutely free. The international calling tariffs will also be as much as 1/10th of the prevailing rates. At the AGM, the company also confirmed that there will be an unlimited calling plan for US and Canada, priced at Rs 500 per month. (Image: Special Arrangement)

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 Television is the third pillar of the Jio Fiber service. The company confirms that users will be able to subscribe to high definition television service with the 4K set-top box (STB) bundled. (Image: Special Arrangement)

Television is the third pillar of the Jio Fiber service. The company confirms that users will be able to subscribe to high definition television service with the 4K set-top box (STB) bundled. (Image: Special Arrangement)

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 Reliance also says that in the middle of next year, they will roll out the First Day First Show offering for Jio Fiber subscribers, which will allow them to watch and enjoy the new movie releases on the same day as their release in cinema halls and movie theatres in India. The specifics of this service will be confirmed closer to the date of launch. (Image: Special Arrangement)

Reliance also says that in the middle of next year, they will roll out the First Day First Show offering for Jio Fiber subscribers, which will allow them to watch and enjoy the new movie releases on the same day as their release in cinema halls and movie theatres in India. The specifics of this service will be confirmed closer to the date of launch. (Image: Special Arrangement)

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 Another big announcement is the partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform. (Image: Special Arrangement)

Another big announcement is the partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform. (Image: Special Arrangement)

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 Addressing the retail sector of India, the RIL CMD says,

Addressing the retail sector of India, the RIL CMD says, "Today, Reliance Retail is the only Indian retailer to be ranked in the Global 100 top retailers. Over the next five years, our aim is to be amongst the world’s top 20 retailers." (Image: Special Arrangement)

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 Addressing the retail sector of India, the RIL CMD says,

Addressing the retail sector of India, the RIL CMD says, "Today, Reliance Retail is the only Indian retailer to be ranked in the Global 100 top retailers. Over the next five years, our aim is to be amongst the world’s top 20 retailers." (Image: Special Arrangement)

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"The Retail business has grown phenomenally, registering a seven-fold increase in revenue and a 14-fold increase in profit in the last six years. Relentless focus on operating discipline has resulted in a 3-fold rise in per-store productivity in last five years," says Mukesh Ambani. (Image: Special Arrangement)

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 Mukesh Ambani says that the Reliance Industries Limited will induct leading global partners in Jio and Reliance Retail in the next few quarters, and move towards the listing of both these companies within the next five years. (Image: Special Arrangement)

Mukesh Ambani says that the Reliance Industries Limited will induct leading global partners in Jio and Reliance Retail in the next few quarters, and move towards the listing of both these companies within the next five years. (Image: Special Arrangement)

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 (Image: Special Arrangement)<br /><br /><br /><em>Disclaimer: Reliance Industries Ltd., which also owns Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.</em>

(Image: Special Arrangement)


Disclaimer: Reliance Industries Ltd., which also owns Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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