Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. In another big announcement, Reliance Industries Chairman Mukesh Ambani said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Watch this video for key announcements and road ahead for the company from our experts.
We now need to wait for execution especially in 5G and Jio Mart. With the Aramco deal unlikely to happen, most of the excitement could be over for the time being
"We will induct global partners and investors in Reliance Retail in the next few quarters," he said at Reliance Industries annual general meeting
Chairman and Managing Director Mukesh Ambani will address shareholders using the in-house JioMeet platform.
The country's largest multiplex operator, PVR which runs nearly 800 screens in the country, stated that theatrical and at-home are two completely different experiences and each has their own places
The announcements saw the stock rally over 8 per cent in intra-day trade on the National Stock Exchange (NSE) to Rs 1,257 levels on Tuesday
The plans will come bundled with subscriptions to most leading premium Over The Top applications
The oil-to-chemicals division of RIL comprises refining, petrochemicals, and fuel marketing businesses
The O2C business has been the cash churner for RIL, say senior company officials
Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division
Analysts are not surprised at the target given the potential and Reliance Jio's fibre presence
As India awaits for this year's announcements, here are the major announcements that Mukesh Ambani made in last three AGMs
A look at the company's past performance also provides interesting insights, and why Ambani may well be right
Return ratio, which had dipped to 9% after the start of the capex cycle in 2013, is expected to improve to 14%
Consumer business will contribute as much as energy, petrochem in a decade, says Ambani
Addressing RIL's 41st Annual General Meeting here, Ambani said the company's hydrocarbon business has further scaled up its capacities
Reliance Industries' (RIL) Chairman & Managing Director Mukesh D. Ambani on Thursday said the company saw its biggest growth opportunity "in creating a hybrid, online-to-offline new commerce platform".
Firm shows audio visual of old clips of Dhirubhai at various AGMs and a young Mukesh by dad's side
Reliance Industries also launched a low-cost phone with 4G-enabled features
Jio has cut into subscriber share of Reliance Communications, Aircel, Tata Teleservices & Sistema