RELIANCE 46TH AGM
Tariff hikes, 5G monetisation moves hint Jio’s headed for IPO
Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attract investors. RIL, Meta, and Google are significant stakeholders. Financial improvements expected FY24-27. Bharti Airtel and BSE mentioned.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs led by gains in RIL & banking stocks
Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.
Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit
The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.
RIL and Nayara now sell a 4th of India's bulk diesel
RIL had 14.8% share in direct or bulk sales of diesel in March, up from 13.3% a year ago and 9.3% in the corresponding month of 2021, according to industry data. Nayara Energy's share increased to 10.9% in March from 8.7% a year ago and 2.6% in 2021. Together, the two refiners had a share of 25.7% in March, up from 22% in the previous year and 11.9% in 2021.
Jio plans another disruption with Air Fiber that can declutter homes, but add to rival's web of worries
In the same month that Bharti Airtel launched its Xstream AirFiber, Reliance Industries Chairman Mukesh Ambani has announced a similar product in the Reliance Jio AirFiber. While the FWA market is still finding its feet in India, reports of cut-throat pricing indicate the industry leader is aiming for another disruption in the nascent market.
What's new in Ambani's 'New Reliance'? The reinvention of India's biggest conglomerate
Today, Mukesh Ambani, the Chairman of Reliance Industries, heralded a 'New Reliance' at the 46th AGM of the company, mincing no words in telling the shareholders that India's biggest conglomerate has bent its trajectory towards a technological future. It is a brave but a calculated bet by a fossil fuel company intent upon changing with the times.
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RIL AGM: Concurrent priority is to set up battery giga factory by 2026, Mukesh Ambani says
Reliance Industries' Chairman Mukesh Ambani at the company's 46th annual general meeting (AGM) said that its concurrent priority is to set up its y 2026. Reliance is likely to spend Rs 60,000 crore over the next three years to construct four ‘giga factories’ to make integrated solar PV modules, electrolyzers, fuel cells and batteries to store energy from the grid at its Jamnagar unit
Pretty in pink: Nita Ambani dazzled in banarasi saree, handwoven by artisan Iqbal Ahmad, at 46th AGM of Reliance Industries
The 46th annual general meeting (AGM) of Reliance Industries Limited (RIL) recently concluded with Nita Ambani, the founder and Chairperson of Reliance Foundation, grabbing attention for her sartorial choice.
Reliance AGM: Reliance invested $150 billion in the last 10 years, says Mukesh Ambani
Reliance Industries Ltd has cumulatively invested USD 150 billion in the last 10 years, the biggest by any Indian corporate, its chairman and managing director Mukesh Ambani said on Monday. Speaking at the company's annual general meeting, Ambani said Reliance has been the forerunner of emerging new India.
RIL AGM: Jio to roll out one million 5G cells across India by December'23, says Mukesh Ambani
Reliance chairman Mukesh Ambani on Monday said that RIL's telecom unit, Jio, will be rolling out one million 5G cells by December, 2023. The remark came while Ambani was addressing the 46th annual general meeting of the company. "85% of total 5G cellls operating in India are of Jio. We will have nearly one million 5G cells by December 2023," he said.
Is there any fresh trigger for Reliance Industries other than value unlocking? Mayuresh Joshi explains
“There is a lot of value that the Street is probably giving to both these elements of businesses as well. For Jio, the equity value is probably coming out anywhere between Rs 725 to 775 on a standalone basis. For Reliance Retail, anywhere between Rs 1,250-1,350. So there is a broad construct in terms of the expected SOTP valuations within the entire group itself.”
RIL AGM 2023: Mukesh Ambani to remain Chairman & MD of Reliance Industries for next five years
Reliance Industries' chairman Mukesh Ambani on Monday said that he will retain the position of company's chairman and managing director for the next five years. The announcement came while Ambani was addressing the 46th annual general meeting of the company.
RIL AGM 2023: Here are all key highlights and big announcements
RIL AGM 2023: Chairman Mukesh Ambani made a range of important announcements, spanning from Jio True 5G to Jio Smart Home Services, changes in company's board structure, during the 46th Annual General Meeting (AGM) of Reliance Industries (RIL). Mukesh Ambani said that it's a 'New Reliance,' a modern-age technology-driven entity that has unique capabilities.
JioBharat phones to have UPI feature, says chairman Akash Ambani during 46th AGM
Reliance Jio chairman Akash Ambani on Monday said that the JioBharat phones will now a UPI feature. While making the announcement at the 46th annual general meeting, Ambani said, "JioBharat phone is a gateway to digital independence for those who cannot afford smartphones." According to the company officials, UPI integration will streamline direct benefit transfer from the government and will enable citizens to receive government support directly, with easy balance checks and real-time notifications via UPI.
Reliance AGM: Jio AirFiber services to be launched on Sept 19, says Mukesh Ambani
Reliance Industries' chairman Mukesh Ambani on Monday said that Jio AirFiber will be launched on the occasion of Ganesh Chaturthi, i.e., September 19, 2023. The announcement came while Ambani was addressing the 46th annual general meeting of the company.
Reliance-shareholder bonhomie: Interesting moments from India's most-attended AGMs
Reliance Industries Ltd's Annual General Meeting (AGM) is a significant event that reflects the company's agile business and its impact on India's economy. Over the years, the AGMs have showcased the company's growth, with investments made in Reliance in the past yielding substantial returns. The AGMs have also witnessed surprise announcements, such as bonus issues, and personal anecdotes from the Ambani family.
Reliance AGM: From an electrifying rock concert to a big fat Indian wedding
What will happen at the 46th AGM of Reliance on Monday, August 28? While nothing can be said about what Ambani will announce at the AGM, one thing is certain — as Reliance AGMs go, this one too will be one of the biggest annual corporate events of India, full of business announcments as well as personal outpourings.
RIL AGM 2023: Date, time, and how to watch Reliance Industries' 46th Annual General Meeting live online
Reliance Industries is preparing for its 46th AGM, which will be held on August 28, 2023. The meeting will be televised live through videoconferencing and other audio-visual means. The AGM is significant as it is the first after the listing of Jio Financial Services shares. Investors are looking forward to gaining insights into the company's strategic directions and future plans.
Ahead of AGM: Will Mukesh Ambani increase reliance on new energy business?
At Reliance Industries’ Annual General Meeting (AGM) in June 2021, chairman Mukesh Ambani informed his investors that the company will be investing Rs 75,000 crore over the next three years to build a new clean energy business. Ahead of the 46th AGM due to take place on August 28, analysts expect the company to provide updates on the investments in clean energy by arm Reliance New Energy.
Reliance AGM: Take a look at what may be on the cards for its telecom arm, Jio
Reliance's Jio aims to scale up its 5G game and monetize it during its Annual General Meeting. The company plans to achieve pan India coverage for its True 5G by December 2023. Jio has already deployed over 1,15,000 5G sites across multiple bands. It may introduce separate 5G packs for data, phone calls, roaming, and messaging.
All eyes on Jio Financial Services in the upcoming Reliance Industries Limited AGM
Reliance Industries Limited will hold its annual general meeting (AGM) on August 28, where Chairman Mukesh Ambani is expected to make key announcements regarding the company's growth and expansion plans. The focus will be on Jio Financial Services (JFS), which recently listed on the stock exchanges. Ambani is likely to share growth plans for JFS, including its entry into the B2B credit business and expansion into insurance, payments, digital broking, and asset management.
RIL AGM on Monday: Will Ambani give out pre-festive goodies to Dalal Street investors?
On Wednesday, the conglomerate announced that Qatar Investment Authority will pick up a nearly 1% stake in the retail arm, valuing the country’s largest retail firm at $100 billion.
RIL AGM countdown: Trading strategy for Dalal Street, what does stock history show?
While the listing of Jio Financial is done, investors will be keen to know the game plan for the company in the fast growing financial services industry in the upcoming AGM.
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