Page 7 - Mukesh Ambani

Ambani announces 5G launch by Diwali, Rs 2 trn investment for digital play

Jio is working with Google to develop an affordable 5G-enabled phone and also tied up with Qualcomm to build solutions and infrastructure for 5G services in India and abroad

RIL AGM: Jio to invest Rs 2 trn in 5G; pan-Indian rollout by Dec 2023

Reliance Industries Ltd Chairman Mukesh Ambani on Monday announced a Rs 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali. Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM. Jio will launch 5G services by Diwali in metro cities of Delhi, Mumbai, Kolkata and Chennai, he said adding this will be expanded to other cities and towns in phases to cover entire India in 18 months by December 2023. Jio's ambitious 5G rollout plan will be the fastest in the world, he said.

At 45th AGM, Reliance unveils Rs 75k-cr plan to boost oil to chemicals biz

Reliance Industries Ltd will invest Rs 75,000 crore in the next five years to expand petrochemical capacity, its chairman Mukesh Ambani said on Monday. Speaking at the company's annual general meeting, he said the investments will be in setting up a PTA plant, expanding polyester capacity, tripling capacity of vinyl chain and a chemical unit in UAE.

RIL plans Rs 2.75-trn investment; prepares for larger battle with Adani grp

Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector. Ambani, 65, also identified the businesses his three children will lead in clear signs of succession planning at India's most valuable company. Reliance Jio Infocomm Ltd, the telecom arm of the oil-to-retail conglomerate, will deploy a "standalone 5G" version which is not dependent on the previous 4G network, to deliver ultra-fast internet connectivity beginning with four metro cities by Diwali and the entire country by December 2023, he said at company's annual shareholder meeting. The firm is investing Rs 2 lakh crore for the 5G rollout. At the same AGM, his daughter, Isha, who he identified as the leader of the retail business, announced the company's foray into the fast-moving consumer good

RIL AGM: Mukesh Ambani announces Rs 3.5-trn investments

RIL chairman said investment plans include Rs 2 trn on rapid rollout of 5G, Rs 75,000 cr in expanding O2C capacities across value chains and Rs 75,000 cr in new energy business

Retail to Isha, new energy to Anant: RIL chairman details succession plan

Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm. Ambani had previously named son Akash as chairman of the group's telecom arm, Reliance Jio. At Reliance Industries Ltd's 45th annual shareholders meeting, Ambani introduced Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business. Isha, 30, gave a presentation on placing online grocery orders using WhatsApp and making payments. Ambani, 65, has three children twins Akash and Isha and youngest son Anant. Isha is married to Anand Piramal, son of Piramal Group's Ajay and Swati Piramal. Reliance has three broad businesses - oil refining and petrochemicals, retail and digital services that include telecom. While retail and digital services are housed in separate wholly-owned subsidiaries, the oil-to-chemical or O2C business is a functional division of Reliance.

RIL 45th AGM Live: Ambani announces Giga factory for power electronics

From Reliance Industries 45th Annual General Meeting to Covid updates, catch all the latest news here

RIL AGM 2022: 5G in two months, FMCG business, other key announcements here

RIL's chairman Mukesh Ambani announced a slew of measures including the launch of 5G services in India in the next two months and the launch of a new Giga factory for power electronics

Reliance to partner Qualcomm to develop 5G solutions: Ambani at 45th AGM

Reliance Jio, the nation's largest telecom operator, has partnered with Qualcomm to develop 5G solutions for India, Mukesh Ambani said on Monday. Speaking at Reliance Industries' 45th AGM, he said the firm is partnering with Google to develop ultra-affordable 5G smartphones and Google Cloud. It has now forged a collaboration with Qualcomm to develop a 5G solution for India, which can be taken to the rest of the world, he said.

RIL 45th Annual General Meeting 2022: What to expect; where to watch

In its 2021 AGM, RIL announced the launch of JioPhone Next and the entry of the company into the green energy sector with a budget of Rs 75,000 crore

Top Headlines: RIL AGM today; Suzuki Motor to set up EV battery unit & more

Reliance Industries (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29

RIL AGM 2022: Ambani to unveil 5G phone, spell out new, bigger energy plans

On 5G, RIL may provide a timeline on rollout of its 5G services in 13 cities; Analysts believe the firm may revive plans for an O2C demerger which was shelved last year

RIL chairman may give details of 5G rollout, new energy plans at 45th AGM

May defer offering specific timelines on listing of retail and telecom businesses; clarity on succession planning could come later

RIL to stream AGM on virtual reality platform, 5 social media platforms

Reliance Industries will on Monday broadcast its annual shareholder meeting simultaneously on a virtual reality platform as well as on five social media platforms as it takes another leap in digitally connecting people for its AGM. Reliance Chairman and Managing Director Mukesh Ambani will virtually address shareholders at the 45th annual general meeting on Monday afternoon in the immersive and interactive 3D world of metaverse, sources said. It will become one of the first companies globally to conduct its annual general meeting (AGM) simultaneously on a virtual reality platform, while also live broadcasting it on five leading social media platforms, in addition to the official JioMeet broadcast. Powered by GMetri, the Reliance AGM virtual reality (VR) platform is designed for a user to virtually walk through a lounge, and explore business-wise highlights of the company's annual report 2021-22 in an interactive manner by entering and exiting different virtual rooms. GMetri is an .

Top headlines: RIL investor meet, surplus parked with RBI falls, and more

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Reliance's investor meet to focus on Mukesh Ambani's succession, spinoffs

Anticipation is high as the 65-year-old billionaire, who built Reliance into India's largest company by market value and a powerhouse conglomerate, has used the speech for series of big announcements

What should investors expect from RIL's 45th AGM?

Big announcements may be on the cards as Reliance Industries is set to hold its 45th AGM on Monday. The company may announce its plans for 5G rollout, green hydrogen, solar power and retail business

Adani maintains lead over Mukesh Ambani in market cap at Rs 19.44 trn

On Monday, Adani Group firms had a combined m-cap of Rs 19.44 trillion against Ambani's combined figure of Rs 17.89 trillion. The Tata Group tops the charts with an m-cap of Rs 21.73 trillion as on Mo

Damani's budget grocery chain DMart eyes fivefold growth in heated market

Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284

Lenders agree to RNTL-Reliance Industries' takeover deal: Report

Two years after the deal was approved by the NCLT, banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to Mukesh Ambani-owned Reliance Industries