RIL AGM 2019: Full text of Mukesh Ambani's statement at Reliance Industries' 42nd annual general meeting today
5 years, 5 months ago

RIL AGM 2019: Full text of Mukesh Ambani's statement at Reliance Industries' 42nd annual general meeting today

Firstpost  

At the 42nd AGM of Reliance Industries on Monday, Mukesh Ambani unveiled Jio Fiber, the much-talked-about fiber-to-the-home service At the 42nd AGM of Reliance Industries on Monday, Mukesh Ambani unveiled Jio Fiber, the much-talked-about fiber-to-the-home service. Reliance Industries will sell 20 percent stake in its oil and chemicals business to Saudi oil giant Aramco for about $15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore, its chairman Mukesh Ambani said on Monday..embed-container { position: relative; padding-bottom:56.25%; height:0; overflow: hidden; max-width: 100%; }.embed-container iframe,.embed-container object,.embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%;} “This is the biggest foreign investment in the history of Reliance,” he said. Mukesh Ambani also announced plans to make Reliance group a zero-net debt company in the next 18 months as he sells stakes in oil and chemical business to Saudi Aramco and fuel retailing business to BP. These are expected to generate an inflow of Rs 1.15 lakh crore,” he said at Reliance Industries’ 42nd annual general meeting here. Ambani also said Reliance “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.” “As we achieve our zero-net debt target this financial year, I assure you, my dear shareholders, that we will reward you abundantly through higher dividends, periodic bonus issues and other means, and at a more accelerated pace than any time in our history,” he said.

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Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani
4 months, 2 weeks ago

Reliance AGM 2024: Reliance to build Gigawatt-scale, AI-ready data centres in Jamnagar, says Mukesh Ambani

India TV News  

Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat’s Jamnagar. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance’s green energy, reflecting our commitment to sustainability and a greener future.” He stated that the prime goal is to create …

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore
1 year, 2 months ago

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore

Firstpost  

During the quarter, the company has taken a number of steps that will result in revenue visibility for years. The foremost being Viacom18’s acquisition of media rights for the BCCI International and Domestic matches Network18 Media & Investments on October 25 reported that its consolidated operating revenue for the July-September quarter jumped 20 percent year-on-year to Rs 1,866 crore, from …

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians
1 year, 4 months ago

RIL AGM 2023: Mukesh Ambani lists 5 goals that will fulfil dreams of 1.4 billion Indians

Firstpost  

At the 46th RIL AGM, Mukesh Ambani called the new Reliance ‘a new-age technology company. Today, we are a producer, deployer and democratiser of technology’ Mukesh Ambani, Chairman and Managing Director of Reliance Industries, on Monday listed out five goals that will fulfil the dreams of all 1.4 billion Indian. Speaking about his futuristic plans at the Reliance Industries Limited’s …

At RIL AGM, Mukesh Ambani hails Network18's 'great progress' in becoming top news network
1 year, 4 months ago

At RIL AGM, Mukesh Ambani hails Network18's 'great progress' in becoming top news network

Firstpost  

Pointing RIL’s progress in the media and entertainment sector, Mukesh Ambani said the business ‘created a huge disruption last year, with JioCinema leading the way’ At the 46th annual general meeting of Reliance Industries Limited in Mumbai on Monday, Chairman Mukesh Ambani said the Indian Premier League, which was streamed for free on JioCinema for the first time, set a …

Reliance AGM 2023: Mukesh Ambani To Remain Chairman & MD for Next 5 Years
1 year, 4 months ago

Reliance AGM 2023: Mukesh Ambani To Remain Chairman & MD for Next 5 Years

News 18  

Mukesh Ambani, chairman of Reliance Industries Limited, on Monday addressed the 46th Annual General Meeting. This AGM closely follows the listing of Jio Financial Services and Qatar Investment Authority’s purchase of a stake in Reliance Retail Ventures Limited. While chairman Mukesh Ambani-led conglomerate is set for its 46th AGM, investors have been eagerly waiting for announcements on the timeline of …

Reliance AGM 2023: Jio 5G, JioAir Fiber, and key announcements expected | All details here
1 year, 4 months ago

Reliance AGM 2023: Jio 5G, JioAir Fiber, and key announcements expected | All details here

India TV News  

Reliance Industries Ltd has recently announced the date for its highly anticipated 46th Annual General Meeting, scheduled for August 28, 2023. The event is set to be a major highlight of the year, featuring discussions on various crucial aspects of the company's ventures, especially regarding the future of Jio 5G and related tariff plans. Mukesh Ambani, Chairman of Reliance Industries, …

5G Rollout Should Be India’s National Priority: Mukesh Ambani At IMC 2021
3 years, 1 month ago

5G Rollout Should Be India’s National Priority: Mukesh Ambani At IMC 2021

News 18  

NEW DELHI: Reliance Industries Limited Chairman and Managing Director Mukesh Ambani, speaking at the India Mobile Congress 2021, said that India must prioritise 5G rollout to boost connectivity across the country. Speaking around the theme–‘Connectivity for the next Decade’– Ambani said, “Roll-out of 5G should be India’s national priority.” He further added, “At Jio, we are currently focused on 4G …

New Green Energy Plans, JioMart Expansion: Reliance Shares a Glimpse of Future Roadmap
3 years, 6 months ago

New Green Energy Plans, JioMart Expansion: Reliance Shares a Glimpse of Future Roadmap

News 18  

Reliance Industries chairman Mukesh Ambani virtually addressed the 44th annual general meeting on June 24 amid the second wave of coronavirus pandemic. While addressing the AGM, Reliance chairman stressed, “Despite several challenges due to COVID-19, we have made substantial progress in the past year in our discussions.” The partnership between Reliance Industries and Saudi Aramco will be cemented in FY22 …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Reliance AGM 2021 Updates: 'Indian Economy to Bounce Back at a rate that Will Surprise World'
3 years, 6 months ago

Reliance AGM 2021 Updates: 'Indian Economy to Bounce Back at a rate that Will Surprise World'

News 18  

Reliance Industries chairman Mukesh Ambani addressed the 44th annual general meeting on June 24. Even during pandemic, Reliance Industries continued to perform well, Mukesh Ambani said while addressing the 44th AGM. Key Announcements from 44th RIL AGM: Reliance Industries Ltd said on Thursday it hopes to formalise its partnership with Saudi Aramco by the end of 2021. Mukesh Ambani shared …

Reliance Jio to aggressively gain MSME subscribers
3 years, 10 months ago

Reliance Jio to aggressively gain MSME subscribers

India TV News  

As per a report by BofA Securities, Jio is looking to replicate mobile traction on MSME front. "By offering a bundled connectivity plan at 1/10th the existing price in the market, Jio is looking to expand the addressable market," it added. RIL's subsidiary Jio introduced an integrated offering for micro, SMBs providing enterprise grade fiber connectivity, digital and devices that …

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020
4 years, 1 month ago

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020

News 18  

Jio 5G will launch in India in the second half of 2021, said Reliance Industrial chairman and managing director, Mukesh Ambani, at his keynote during the inauguration of India Mobile Congress 2020. During the keynote, Ambani introduced to Prime Minister Narendra Modi his “four ideas” that can help in India’s digital transformation, and at the centre of this was the …

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020
4 years, 1 month ago

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020

News 18  

India stands at the forefront of its digital revolution, and is poised to lead the world in the latest wave of digital industrial revolution, said Mukesh Ambani, chairman and managing director of Reliance Industries Limited, addressing Prime Minister Narendra Modi, union telecom minister Ravi Shankar Prasad and other dignitaries at the opening keynote of the India Mobile Congress 2020. Urgent …

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani
4 years, 6 months ago

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani

Firstpost  

More than two-thirds of Reliance Retail’s nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday said his group’s retail venture has received strong interest from strategic and financial investors. “We will induct global partners and investors in Reliance Retail in the next few quarters,” he said …

RIL AGM 2020: Mukesh Ambani announces new entertainment platform JioTV+, mixed reality headset Jio Glass – Firstpost
4 years, 6 months ago

RIL AGM 2020: Mukesh Ambani announces new entertainment platform JioTV+, mixed reality headset Jio Glass – Firstpost

Firstpost  

Jio TV+ will curate OTT platforms such as Netflix, Amazon Prime Video and Hotstar, among others, into one app. Addressing the 43rd Annual General Meeting on Wednesday, Reliance Industries chairman and managing director Mukesh Ambani announced the launch of JioTV+ and Jio Glass. While Jio Glass, a new mixed reality headset, will enable holographic video calling. Jio Glass weighs only …

RIL AGM 2020: Jio has developed homegrown 5G solution from scratch, says Mukesh Ambani
4 years, 6 months ago

RIL AGM 2020: Jio has developed homegrown 5G solution from scratch, says Mukesh Ambani

Firstpost  

Jio Platforms, with over 20 startup partners, has built world-class capabilities in technologies such as 4G, 5G, Ambani said. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday announced that his group’s digital arm Jio is developing a homegrown 5G telecom solution “Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as …

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More
4 years, 6 months ago

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More

News 18  

Reliance Industries Limited is set to host its first ever virtual Annual General Meeting, in light of the Covid-19 pandemic. At RIL AGM 2020, Mukesh Ambani, chairman and managing director of RIL, is set to make key announcements that highlight the performance of the overall RIL family over the past one year, which has been a topsy-turvy year for all …

Now General Atlantic invests in Jio, Here is how Mukesh Ambani is charting RIL's zero-debt journey
4 years, 7 months ago

Now General Atlantic invests in Jio, Here is how Mukesh Ambani is charting RIL's zero-debt journey

India Today  

Reliance Industries Limited boss Mukesh Ambani has been a busy man ever since he announced plans to make RIL a “zero-debt” company by March 2021. Besides that, the mega Rs 53,125 crore rights issue is also part of the plan to make RIL a zero-debt company by the deadline. It may be noted that this is India’s first rights issue …

Reliance Industries' slew of equity deals to drive improvement in company rating: Fitch Ratings
4 years, 8 months ago

Reliance Industries' slew of equity deals to drive improvement in company rating: Fitch Ratings

Firstpost  

Reliance Industries’ proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday New Delhi: Reliance Industries’ proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and …

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
4 years, 8 months ago

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target

India TV News  

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity. In an investor and media call post announcement of the company's fourth-quarter earnings, RIL's Joint Chief Financial Officer Srikanth Venkatachari said, "The zero net debt …

Facebook and Reliance Jio's partnership will benefit micro, small and medium businesses, farmers and small merchants: BFI
4 years, 8 months ago

Facebook and Reliance Jio's partnership will benefit micro, small and medium businesses, farmers and small merchants: BFI

Firstpost  

BFI says this deal will not only be leverage for JioMart and WhatsApp, but will also help new businesses. Now, the Broadband Forum India has also released a note saying that besides benefiting the digital services sector, the Jio-Facebook partnership will especially benefit “over 50 million micro, small and medium businesses, over 100 million farmers, about 30 million small merchants …

Facebook buys 9.9% stake in Reliance Jio: Why it is a win-win deal for both; key highlights of $5.7 billion deal
4 years, 8 months ago

Facebook buys 9.9% stake in Reliance Jio: Why it is a win-win deal for both; key highlights of $5.7 billion deal

Firstpost  

Facebook makes the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India, Reliance Industries Limited said in a statement. On 22 April, social media giant Facebook announced an investment of $5.7 billion to buy a 9.9 percent stake in the firm that houses billionaire Mukesh …

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook
4 years, 8 months ago

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook

Firstpost  

Facebook and Jio will look to drive synergies and areas of collaboration but the mega-deal does not mean that the two sides will not compete in the market, officials said on Wednesday New Delhi: Facebook and Jio will look to drive synergies and areas of collaboration but the mega-deal does not mean that the two sides will not compete in …

Anand Mahindra lauds Reliance Jio-Facebook deal; says 'Bravo Mukesh!' on Twitter
4 years, 8 months ago

Anand Mahindra lauds Reliance Jio-Facebook deal; says 'Bravo Mukesh!' on Twitter

Firstpost  

Anand Mahindra, Group Chairman, Mahindra lauded Mukesh Ambani, Chairman, Reliance Industries for mega Rs 43,574 -crore Reliance Jio-Facebook deal. Taking to Twitter, Mahindra said: “Jio’s deal with Facebook is good not just for the two of them. https://t.co/5rIi6WOjWf — anand mahindra April 22, 2020 Earlier, after signing the deal, Ambani had said in a video statement: “All of us at …

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering
4 years, 8 months ago

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering

Firstpost  

Consider the fact that in three years flat, the telecom subscriber base of Reliance Industries Ltd has crossed 340 million—and that is 13 million more than the entire population of the United States of America. RIL’s latest announcement that Saudi Arabia’s state oil giant, Aramco, will invest about $15 billion in Reliance’s oil and petrochemical business gives an idea of …

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts
4 years, 8 months ago

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts

Firstpost  

New Delhi: Facebook’s move to pick up about 10 percent stake in Jio Platforms will accelerate Jio’s digital monetisation drive and put Reliance Industries on course to turn net debt-free by March 2021, analysts said on Wednesday. “Today we are announcing a $5.7 billion, or Rs 43,574 crore, investment in Jio Platforms Ltd, part of Reliance Industries Ltd, making Facebook …

Reliance Jio writes to telecom minister; says telcos have sufficient capacity to pay dues after SC verdict on AGR
5 years, 2 months ago

Reliance Jio writes to telecom minister; says telcos have sufficient capacity to pay dues after SC verdict on AGR

Firstpost  

New Delhi: Billionaire Mukesh Ambani’s Reliance Jio on Thursday strongly opposed any bailout to telecom companies at taxpayer’s expense, and asserted that telcos should be mandated to deposit their dues within the court-stipulated timeline of three months, as they have the capacity to comfortably clear their liabilities. In a letter to Telecom Minister Ravi Shankar Prasad on Thursday, Jio argued …

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'
5 years, 2 months ago

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'

Firstpost  

India’s telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an “unprecedented crisis” if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says New Delhi: India’s telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an “unprecedented crisis” if the government refuses to relax its demand …

Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free
5 years, 2 months ago

Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free

Firstpost  

The subsidiary will also acquire RIL’s equity investment of Rs 65,000 crore in Jio Infocomm, bringing up Reliance’s total investment in the digital business to Rs 1.73 lakh crore The Board of Directors of Reliance Industries Ltd on Friday has approved the formation of a wholly-owned subsidiary for its digital initiatives with an investment of Rs 1.08 lakh crore. The …

Reliance Industries to form a digital subsidiary with ₹1 trillion, Jio to be net debt-free
5 years, 2 months ago

Reliance Industries to form a digital subsidiary with ₹1 trillion, Jio to be net debt-free

Live Mint  

The Board of Directors of Reliance Industries today approved the formation of a wholly-owned subsidiary for digital initiatives with the investment of ₹1,08,000 crore in the subsidiary through optionally convertible preference shares, the company said in a press statement. The subsidiary will acquire RIL’s equity investment of ₹65,000 crore in its telecom subsidiary Reliance Jio Infocomm Ltd. Consequent to the …

Jio Fiber: free TVs with new internet plans by India billionaire Mukesh Ambani
5 years, 4 months ago

Jio Fiber: free TVs with new internet plans by India billionaire Mukesh Ambani

CNN  

New Delhi CNN Business — India’s richest man is making a new push to dominate the country’s fast-growing internet user base — this time by offering high-definition TVs to new broadband customers. Reliance Jio, the mobile network owned by billionaire Mukesh Ambani, will give away free 4K televisions with some of its new plans. Jio burst onto India’s telecom scene …

Why Reliance Industries has stopped bingeing on debt
5 years, 4 months ago

Why Reliance Industries has stopped bingeing on debt

Live Mint  

Mumbai: "Blessed are the young, for they shall inherit the national debt,” former US president Herbert Hoover famously said during the Great Depression, at a time when the US national debt stood at about $35 billion. “We have a very clear road map to becoming a zero-net-debt company within the next 18 months, that is by 31 March 2021,” Ambani …

Reliance Jio Fibre broadband plans explained
5 years, 5 months ago

Reliance Jio Fibre broadband plans explained

Live Mint  

Reliance Industries' chairman and managing director Mukesh Ambani announced the roll-out of Jio Fiber broadband services during the company's 42nd Annual General Meeting on Monday. The following key announcements surrounding the fiber-to-the-home broadband service were made during the meeting: -The subscription to Jio Fiber will start at ₹700 a month. Jio is also bringing down the cost of international voice …

RIL AGM 2019: Mukesh Ambani’s promise of zero net-debt firm in next 18 months is music to ears of shareholders
5 years, 5 months ago

RIL AGM 2019: Mukesh Ambani’s promise of zero net-debt firm in next 18 months is music to ears of shareholders

Firstpost  

Going by Ambani’s speech at the AGM, RIL already has received strong interests for the stake buy in Reliance Jio and Reliance Retail which will help the firm generate fresh cash flow. This included standalone gross debt of Rs 1,61,720 crore and balance in key subsidiaries, including Reliance Jio, Reliance Holding USA, Reliance Retail Group, Independent Media Trust Group, Hathway …

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers
5 years, 5 months ago

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers

Op India  

Reliance Industries Chairman Mukesh Ambani made several landmark announcements while addressing the shareholders at the 42nd Annual General Meeting of the company. The Reliance Chairman also announced the much-awaited commercial launch of the Jio Fiber service, the wired broadband service of Jio, which will be launched on 5th September. Apart from broadband internet, Jio Fibre will offer free voice calls …

How Mukesh Ambani plans to make Reliance a zero net-debt company in 2020-21
5 years, 5 months ago

How Mukesh Ambani plans to make Reliance a zero net-debt company in 2020-21

Live Mint  

Having ended the last year with a net debt of ₹154,478 crore, Reliance Industries chairman and managing director Mukesh Ambani has laid out a roadmap to make the conglomerate a zero net-debt company in just 18 months. Mukesh Ambani said RIL is now coming to the end of its largest capital expenditure cycle after having invested ₹5.4 lakh crore in …

Reliance Jio's journey since 2016 has been 'incredible', potential for growth is immense, says chairman Mukesh Ambani
5 years, 5 months ago

Reliance Jio's journey since 2016 has been 'incredible', potential for growth is immense, says chairman Mukesh Ambani

Firstpost  

Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of $1 billion annually for over a decade. Announcing a bouquet of services for customers at the 42nd Annual General Meeting held on Monday in Mumbai, Reliance Industries Ltd chairman and managing director, Mukesh Ambani said Jio’s journey since 2016 was “incredible”. …

RIL AGM 2019: Reliance Industries will become zero-net debt company in 18 months, says chairman Mukesh Ambani
5 years, 5 months ago

RIL AGM 2019: Reliance Industries will become zero-net debt company in 18 months, says chairman Mukesh Ambani

Firstpost  

Mukesh Ambani on Monday announced plans to make Reliance group a zero-net debt company in the next 18 months as he sells stakes in oil and chemical business to Saudi Aramco and fuel retailing business to BP Mumbai: Mukesh Ambani on Monday announced plans to make Reliance group a zero-net debt company in the next 18 months as he sells …

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth engines: Mukesh Ambani
5 years, 5 months ago

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth engines: Mukesh Ambani

India TV News  

Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things for the entire country, home and enterprise broadband services as well as broadband for SMEs. "Revenue from each of these engines will kick in this fiscal itself," Reliance …

RIL AGM 2019: Reliance Jio subscriber base at over 340 mn, ready to kick-start four new growth engines, says Mukesh Ambani
5 years, 5 months ago

RIL AGM 2019: Reliance Jio subscriber base at over 340 mn, ready to kick-start four new growth engines, says Mukesh Ambani

Firstpost  

Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things for the entire country, home and enterprise broadband services as well as broadband for SMEs Mumbai: Mukesh Ambani on Monday said that Jio which has amassed over 340 …

RIL AGM 2019 Updates: Reliance Industries aims to become zero net-debt company in next 18 months: Mukesh Ambani
5 years, 5 months ago

RIL AGM 2019 Updates: Reliance Industries aims to become zero net-debt company in next 18 months: Mukesh Ambani

Firstpost  

12:28 PM Whatsapp Facebook Twitter RIL’s announcements may give sleepless nights to market rivals A slew of major announcements that can give sleepless nights to competitors across digital businesses follow. Relience Industries Limited CMD Mukesh Ambani lays out his big plans to take the Jio brand to the next level of growth by unlocking the potential of Jio fiber future …

Jio GigaFiber launch, Saudi Aramco stake sale: Mukesh Ambani’s key announcements at RIL AGM
5 years, 5 months ago

Jio GigaFiber launch, Saudi Aramco stake sale: Mukesh Ambani’s key announcements at RIL AGM

Live Mint  

At its 42nd annual general meeting, Reliance Industries Ltd chairman and managing director Mukesh Ambani today announced that Saudi Aramco will buy a 20% stake in its oil-to-chemical business. Highlights of Mukesh Ambani's speech at Reliance AGM:- -Jio Fiber users will get free subscription to several OTT platforms. Watch: Reliance Industries unveils Jio GigaFiber starting at ₹700 per month -More …

Focus on liabilities and new launches at RIL’s AGM today
5 years, 5 months ago

Focus on liabilities and new launches at RIL’s AGM today

Live Mint  

When billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, begins his address at the company’s 42nd annual general meeting on Monday, shareholders will be waiting for plans to tackle total liabilities pegged at $65 billion by brokerage Credit Suisse. We could also get a peek on RIL’s next leg of growth plans across real estate, petchem and …

Reliance Jio may roll out full-fledged JioGigaFiber at Reliance Industries 42nd AGM on 12 August
5 years, 5 months ago

Reliance Jio may roll out full-fledged JioGigaFiber at Reliance Industries 42nd AGM on 12 August

Firstpost  

The most significant announcement that users can expect from Reliance Jio in its 42nd AGM is the commercial launch of JioGigaFiber. JioGigaFiber would provide ultra high-definition entertainment on large screen TVs, multi-party video conferencing from a living room, voice-activated virtual assistance, virtual reality gaming, digital shopping and immersive experiences, Reliance Industries Chairman and Managing Director Mukesh Ambani had said at …

COAI says new govt post elections should set out clear roadmap for resolution of issues plaguing telecom sector
5 years, 9 months ago

COAI says new govt post elections should set out clear roadmap for resolution of issues plaguing telecom sector

Firstpost  

COAI rued that revenue continues to remain under pressure for the telecom industry saddled with high debt New Delhi: Industry body COAI on Tuesday said the new government post elections should set out a clear roadmap to ease the burden of levies on the telecom sector, and issues including a cut in licence fee and spectrum charges should be taken …

RIL’s debt path seen tied to Reliance Jio, e-commerce plans
5 years, 11 months ago

RIL’s debt path seen tied to Reliance Jio, e-commerce plans

Live Mint  

Reliance Industries Ltd.s plan to strengthen its balance sheet will hinge on future capital spending as credit market participants zero in on whether the company will be able to slow those outlays over the next year. The conglomerate has invested about $64 billion across telecom and retail as well as petrochemicals and oil refining expansions, Joint CFO V. Srikanth said …

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%
5 years, 11 months ago

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%

Firstpost  

Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base New Delhi: Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 …

Reliance Jio board approves plan to hive-off fibre, tower assets to separate entities
6 years, 1 month ago

Reliance Jio board approves plan to hive-off fibre, tower assets to separate entities

Live Mint  

New Delhi: Telecom operator Reliance Jio Infocomm Tuesday said its board has approved schemes to spin off the company’s fibre and tower assets to separate entities. “The board of directors of the company, at its meeting held today, accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate …

Reliance Jio acquires fiber assets of R Com for Rs 3,000 crore
6 years, 4 months ago

Reliance Jio acquires fiber assets of R Com for Rs 3,000 crore

India TV News  

Reliance Communications today said it has completed sale of its fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm. Last week, Reliance Communications had completed the planned sale of its media convergence nodes and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm. Earlier this month, Reliance Communications had reinstated bank guarantees …

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