12 Interesting Updates From Reliance's Annual General Meeting That Are Useful For Common Man

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12 Interesting Updates From Reliance's Annual General Meeting That Are Useful For Common Man

Mukesh Ambani today addressed the first ever virtual annual general meeting of Reliance Industries. The AGM, conducted through Jio Meet had over 3 lakh investors from over 40 countries joined...

RIL’s plans and the key announcements made by Mukesh Ambani at the AGM are :

1. The biggest announcement made by Mukesh Ambani today at the RIL AGM was the Rs 33,737 crore investment from Google. He said, "We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms."

Google and Jio are partnering to build an Operating System that could power a value engineered, entry-level 4G/5G smartphone..

Soon after, Google CEO Sundar Pichai in a tweet said,

2. Through Jio Developers program, any app developer can develop, launch and monetize their apps. Developers who wish to partner with Jio can visit developer.jio.com for details, Akash Ambani said...

3. Reliance launches Jio Glass, to provide mixed reality services. Jio Glass is at the cutting edge of technology that provides Mixed Reality services to give users a truly meaningful immersive experience.

This glass weighs only 75 grams and offers best in class, it remains connected by a single cable and already has 25 apps that allow augmented reality video meetings and more. The technology gives 3D virtual chats rooms and can conduct holographic meetings through Jio Mixed Reality cloud in real-time.

4. Ambani launches JioTV+ with integrated content from 12 OTT platforms JioTV Plus will be featuring aggregated content from over 12 leading global OTT players like Netflix, Amazon Prime, Disney+ Hotstar, Voot, SonyLiv, Zee5, JioCinema, JioSaavn, YouTube and many others. "For decades, TV content has been largely broadcast-dependent without any interactivity. With JioFiber, we have reimagined this experience and brought interactivity to TV," Akash Ambani said.

5. Mukesh Ambani about JioMart JioMart is a tech-enabled partnership that will link producers, traders, small merchants, consumer brands and consumers. It is now focused on scaling its geographical reach and delivery capabilities. In addition to grocery, we will expand JioMart to cover electronics, fashion, pharmaceutical and healthcare in the days ahead. In the coming years.. JioMart and WhatsApp will be working closely to create growth opportunities for millions of Indian small merchants and enable customers seamlessly transact with kirana shops...

6. JioMeet built in 2 months, crosses over 5 million downloads, says Mukesh Ambani It supports scheduling meetings and screen sharing among other features. It is free to use. JioMeet is India's first cloud-based video-conferencing application, within just two weeks of launch, over 5 million users have downloaded the app, Ambani said.

7. Five accelerators of growth of digital connectivity: Mobile broadband, JioFiber, Jio's enterprise broadband, broadband for SMEs, and Jio's Narrowband Internet-of-Things (NBIoT). In the next three years, Reliance Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments, Mukesh Ambani said..

8. He said, "Reliance Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year,"

9. Isha Ambani said, "Reliance Jio's education platform, Embibe, will address the shortage of quality teachers in India. It is built on three foundational blocks: unprecedented personalisation, incredible content and teacher empowerment."

10. Reliance completes fund raising drive with Google investment, raises Rs 1.52 lakh crore. In the last 12 weeks, the company has raised capital from investors such as Facebook, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, Intel Capital and Qualcomm Ventures. RIL is now a truly a net debt-free company, says Chairman and Managing Director Mukesh Ambani.

11. Facebook remains the biggest investor for Jio, with 9.99 percent stake for Rs 43,574 crore. Jio Platforms a firm that has investment from two of the leading tech companies in the world -- Google and Facebook.

12. With Jio Health Platform we are integrating the overall healthcare ecosystem to enable people to book online consultations, securely store and share health records, book lab tests and avail various other healthcare services.. RIL Foundation Hospital is using Jio Health Hub platform to provide virtual OPD services. It has also launched home quarantine services for COVID positive patients to enable them access quality care from their homes.. Will ensure COVID 19 Vaccine will reach every corner of India, Nita Ambani said... Article source..

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