The Much Awaited AGM of Mukesh Ambani Own Reliance industries took place today on 15th June. Mukesh Ambani Announced many thing which includes Google’s strategic investment in Jio Platforms worth Rs 33,737 crore for 7.7 percent stacks. This will make google 14th Investor in Jio Platforms just day before Google’s CEO Sundar Pichai Announced Rs.75,000 crore investment in india. Seems the major part goes to Reliance. Here is the Key Highlights from the RIL’s 43rd Annual General Meetings.
· Launch of Jio Glass: The latest innovation of
Reliance Jio is their mixed
Reality headset Jio Glass which will empower holographic video calling. Company
announced that Jio Glass is at cutting edge technology that provides finest Mixed
Reality services to users a truly meaningful immersive experience. The Glass Weight
is 75 grams only it will be connected with just one cable and there is already 25
apps that allows user to experience augmented reality video calling and
meeting. This technology provides 3D virtual chat rooms and can conduct
holographic meeting through Jio Mixed reality cloud in real time
· Jio 5G : Jio has developed Made in India 5G
platforms. The new 5G platform is developed from the scratch and provides user
an delightful high speed world class 5G service.once the indian government
releases the 5G spectrum RIL Jio will start offering 5G service and also will
provide 5G infrastructure to other telecom company.Jio is 5G ready before the
government provides the 5G spectrum.
· Jio TV Plus: Mukesh Ambani Announced Launch of
Jio TV plus during the RIL’s 43rd First ever Virtual AGM. Jio TV+ plus
will be having integrated content from 12 OTT Platforms which includes Amazon
Prime,Netflix, Disney+ Hotstar,Voot,Sony Liv,Zee5,Jio Cinema,Jio Saavn and YouTube
among the others. With this user doesn’t have to buy multiple subscription of
OTT VOD services.
· Success of Jio Meet: At the AGM Mukesh Ambani said, Jio
Meet built in just 2 month and crossed over 5 million downloads since the
launch. Jio meet Is India’s first cloud based video conferencing
application.Jio meet has provisions for scheduling meetings and screen sharing feature
just like zoom. Many tech experts feels that Jio meet Is shadow copy of Zoom
and Google meet.
· Success of Jio Mart : addressing the RIL’s shareholder,
Mukesh Ambani announced that the Company has received good amount of interest
from strategic and financial investor
and this will get invested in RIL’s Retail business which is Jio mart. Speaking
about Jio mart’s success Ambani said,Jio mart has led over 250,000 orders a day
within few weeks of its launch. Jio mart is tech based enabled partnership that
will bridge producers, traders, small merchants and direct consumer. Now Jio
mart will focus on scaling up the business and will acquire more and more
customers.
· Google's Investment : Day before AGM, Google’s
Global CEO Sundar Pichai Announced investment worth of Rs.75,000 crore in India
and during the AGM, Ambani Announce the investment worth of Rs 33,737 from
Google in RIL’s Jio Platforms for 7.7 stacks
In last 12 weeks there’s a lot happening in Reliance
industries. Company received the investments from 14 global companies. RIL’s
has raised Rs.1,52,056 crore as a strategic investment. Mukesh Ambani made the
company net debt free before the given time. The company’s market cap reached
12 lakh crore and become india’s number one company. Mukesh Ambani Become India
and Asia’s richest man and surpassed warren buffet in worlds top billionaires
list.
Seems like only Ambani’s having 2020 as a good year as the world is facing pandemic COVID-19.
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