Alright we need a thread on all the things happening at Reliance AGM. So here goes nothing
5G Announcement: Mukesh Ambani says 5G will be ready for field deployment next year. And they'll be ready for trials as soon as 5G spectrum is available. Says technology is 100% home grown
Think of Spectrum allocation as the government's way of auctioning radio frequencies (5G airwaves for example). Who gets to use how much is incumbent on who's willing to pay the most.
However the government decides on the reserve price- a minimum amount below which you simply can't bid. And they decide on this price by taking into account all the money these telecom providers are likely to make out of 5G once the service is live. This has been a sticky point
Jio TV+ Announcement: A Content Aggregator of epic proportions. Netflix, Amazon Prime, Voot, Disney+Hotstar, Youtube, EROS Now and so many others on board. Massive announcement.
Jio Glass Announcement: A mixed reality headset that you can use to video call, share presentations, and conduct holographic classes.. Ambitious !!!
Online Classrooms: A platform that includes study material, personalized lessons, tests, practice sessions all weaved into one seamless experience on Embibe-an ed-tech startup majorly owned by Jio 
Jio Mart: Complementary Covid Kit with your first order on Jio Mart. Might look insignificant in the grand scheme of things. But we are definitely placing one order on Jio Mart just for this novelty #JioPlatforms
Fun Fact: 2,53,378 people connected live on JioMeet watching the AGM right now. Pretty big number that!!!
Jio Mart and Whatsapp to work closely on enabling Jio Mart. Mukesh Ambani talks about a seamless experience for people and businesses transacting on the platform
Jio+Google partnering on creating a special android based operating system that's supposed to be value engineered. Also a low cost 5G phone in the making. Affordabality is the mantra here.
Finally, Mukesh Ambani wants to make India 2G Mukht. Noble goals these!!!
Finally, Mukesh Ambani wants to make India 2G Mukht. Noble goals these!!!
Den & Hathway Merger with Network 18 group (subject to regulatory approval) to create the largest media and distribution company in the country.
Even we did not know that!!!
Even we did not know that!!!
Throwing in a Venn Diagram to explain the JioMart ecosystem
Fun Fact: JioMart Grocery Online Business platform already clocks 2,50,000 orders a day in over 200 cities.
Mukesh Ambani talks about the scuttled Saudi Aramco deal. Tells shareholders it was unfortunate owing to external circumstances but promises to deepen ties nonetheless.
Also plans to spin off the Oil to Chemical business into a separate subsidiary to attract more investments
Also plans to spin off the Oil to Chemical business into a separate subsidiary to attract more investments
Notice how the first set of announcements centred on all the exciting stuff about Jio. And then the discussion moved to the Petrochemical stuff.
Times are changing. Data is the new oil. There's no mistaking this.
Times are changing. Data is the new oil. There's no mistaking this.
Reliance is also manufacturing one lakh PPE + masks every single day at one third the cost of importing it from elsewhere. Nita Ambani talks about the company's contribution to fighting Covid-19
Mukesh Ambani says Reliance Industries now among the world's 60 largest companies.
Meanwhile Reliance Industries share price is down 4% today. While it might not be prudent to read into these short term swings, it still begs the question - Why??? 🧐
Meanwhile Reliance Industries share price is down 4% today. While it might not be prudent to read into these short term swings, it still begs the question - Why??? 🧐
That concludes it. Mukesh Ambani thanks everyone once again and the company's 43rd AGM comes to a close. This has been a pretty neat experience. Maybe we should do it more often.
Until next time...
Until next time...
