StartupTalky

Tag: jio network

  • Reliance Journey Of Being The Worlds 2nd Most Valuable Energy Firm

    Reliance Industries Ltd has now overtaken the company Exxon Mobil to become the world’s second most valuable energy company after its market capitalization scaled to a record to a record high of over ₹14 trillion (14 lakh crore). This propels Mukesh Ambani to become the fifth wealthiest person on the planet with a net worth of $77.4 billion, a position previously filled by Steve Ballmer.

    The logo of Reliance Industries.
    The logo of Reliance Industries.

    According to the stock market data, the conglomerate is now ranked 46thglobally on market. Its share price scaled to its highest of ₹2,163 before settling at ₹2,146.20 taking the company from its 48th position to 46th position. The ₹13.6 trillion market capital of Reliance along with ₹54,262 crore market capital from its partly paid shares that were traded separately puts the firms combined market value at ₹14.1 trillion or $189.3 billion. Reliance is the 10thhighest market capital company in Asia.

    Besides being on a higher spot Exxonmobile, Reliance also is above Apple which has a market cap of $1.6 trillion, Microsoft at $1.5 trillion and Amazon a $1.48 trillion dollars. It is also is higher than Chevron, Oracle, Unilever, Bank of china and The SoftBank Group. At the 46th rank it is just below PepsiCo which has a market capital of 189.8 billion.

    Billionaire Mukesh Ambani’s Reliance Retail has acquired Future group Retail Business for ₹24,713 crore
    Kishore Biyani, once celebrated as a retail king has surrendered by selling hisretail business of the Future Group to billionaire Mukesh Ambani’s RelianceRetail. Mukesh Ambani’s Reliance Industries Ltd has acquired Kishore Biyani’sFuture Group for ₹24,713 crores / $3.38 billion. Reliance Retail w…
    StartupTalkyArbaaz sayed

    Reliance Industries partly paid shares

    The RelaincePP shares was first listed on stock exchanges on June 15th, 2020 is one of the reasons to why Relaince is the 2nd most valuable energy firm in the world. The ReliancePP or partly paid up shares have been issued in recently concluded in the rights issue have generated over 4.1 times more returns to investors in less than two months. Reliance raised a total of Rs 2,12,809 crore just through Rights Issue, investment of BP to its fuel retaining venture.

    It added 115.9 billion to shareholder wealth within just four months giving the company the highest value creation in the world in such a short time, which was mostly because the record breaking fundraising from its digital unit, Jio Platforms. The firm also added $39 billion market value just within 5 weeks and 29 billion just from the last 14 trading sessions. The combined capital raised has no precedence globally in such a short time.

    List of Companies Acquired by Reliance Brands & Jio
    Reliance Industries Ltd (RIL) has made several acquisitions in the past threeyears to boost product offerings of its subsidiaries – Reliance Jio Infocomm Ltdand Reliance Retail Ltd, among others. RIL has put in $566 million in media andeducation, $194 million in retail, $1.2 billion in telecom an…
    StartupTalkyVarad Kitey

    The journey to the 2nd most valuable energy firm

    The Reliance Group, is India’s largest private sector enterprise with businesses in thee energy and materials value chain. Founded by Dhirubhai Ambani the flagship company, Reliance Industries Limited is a fortune Global 500 company and has evolved from a textile company to a global leader in the materials and energy value chain businesses. It all started when Ambani started the yarn trading businesses in 1957 form a small 500sq.ft. Office in Mumbai. In 1996 Reliance went on to become the biggest textile brand “Only Vimal”

    Reliance's growth to become the worlds 2nd energy company by value
    Reliance’s growth rate to become the worlds 2nd energy company by value
    • Reliance stands as the global leader when it comes to being the largest polyester yarn and fiber producer in the world and among the top five to ten producers in the world in major petrochemical products.
    • Reliance industries limited operates world class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara
    • The company works under different business segments such as Production, Petroleum Refining, Marketing, Petrochemicals, Textiles, Telecommunications and Retail.
    • The products and brands offered by the company are: LPG, Crude oil, Gasoline, High speed diesel, Aviation turbine fuel, Petroleum Coke, Sulphur, Fleet management services, Highway hospitality services, Vehicle care services, High and low density Polyethylene, Fleet management services, Highway hospitality services, Vehicle care services, different types of Yarn, etc.
    • The subsidiaries of Reliance are: Reliance Petroleum Limited, Reliance Industrial Investment and Holdings Limited, Reliance Ventures Limited,  Reliance Strategic Investments Limited Reliance Exploration and Production DMCC Reliance Global Management Services Limited, Reliance Commercial Associates Limited.
    • other subsidiaries being Reliance Fresh Limited, Retail Concepts and Services (India) Limited, Reliance Retail Insurance Broking Limited, Reliance Retail Finance Limited, Reliance digital Retail Limited, Reliance Retail Travel & Forex Services Limited, Reliance Trends Limited, Reliance Home Store Limited, Reliance Digital Media Limited, etc.

    For a company who just started as a small textile company, Reliance has crossed several milestone to become a Fortune 500 company and now the 2nd most valuable energy firm in the company within a span of 3 decades.

    Reliance Industries Limited To Hold 1st Virtual Annual General Meeting
    Reliance Industries Limited or RIL, the largest private company of India,announced on Monday that the Annual General Meeting (AGM) will be held virtuallythis year after Tata Consultancy Services (TCS) held its virtual AGM a few daysago. The Ministry of Corporate Affairs (MCA), owing to the curren…
    StartupTalkyYash Taneja

    Reliance Turning Green

    The Reliance industries has a 15 year vision to build itself as a new energy company that aims to recycle CO2 and create value from plastic waste and has an optimal mix of clean and affordable energy. While the oil to chemical conglomerate has more focused on consumer business in the recent times, but Reliance core which is oil to chemical business is well placed to generate sustained free cash flow.

    Until demand normalizes Reliance Industries are looking to maximize throughout focus on the cost by leveraging deep petrochemical integration and continue to focus on domestic fuel Marketing. Future of O2C is new energy company and partnerships. It also intends to be a net carbon zero company by 2035. To achieve this, the company is also open to work with global financial investors, reputed technology partners and start-ups working on futuristic solutions.

    This new energy business is based on the principle of carbon recycling and circular economy is a multi-trillion opportunity for India and the world. The brokerage said a key focus for Reliance Industries is renewable energy, and for that it intends to build an optimal mix of clean and affordable energy with hydrogen, wind, solar, fuel cells and battery. And intends to use technology, recycle CO2, create value from plastic waste.

  • Reliance launches its own video conference platform JioMeet to compete with Zoom, Google Meet

    After launching JioMart, Mukesh Ambani’s Reliance Jio has launched JioMeet video conferencing app with unlimited free calling on July 2. JioMeet  is available across Android, iOS, Windows, macOS and web. Jiomeet plans to compete Zoom, Microsoft Teams, and Google Meet during the Coronavirus outbreak. On April 30, Jio parent Reliance Industries Limited (RIL) had revealed its plans to launch the JioMeet platform while announcing its quarterly earnings for the fourth quarter.

    As people are forced to change ways of working due to the COVID-19 crisis, video calling has emerged as a necessary tool for businesses to function. Hence, platforms like Zoom, Microsoft Teams and Google Meet have become increasingly popular. Now, to compete with these apps, Reliance Jio has decided to enter the market with its own video conferencing app JioMeet.

    However, Jio Meet won’t be a regular video calling platform as the company also plans to integrate its Health platform with it. It will allow users to consult with doctors online and much more. Interestingly, Jio already had an app on Google Play Store listed as JioHH Doctor that allows doctors to offer their services online So this app could possibly be integrated with JioMeet.

    In its Q4 fiscal results, Reliance mentioned that it is launching a video calling platform for India. Senior VP at Reliance Jio Infocomm, Pankaj Pawar, said,
    “Jio Meet is a platform which has many unique options- it actually has an ability to work on any device, any operating system, and it has an ability to do a complete collaboration. And effectively, this collaboration does not limit to a typical video conferencing app.”

    A report states that the Jio Meet app works across different platforms and is available on Android, iOS, macOS, Microsoft Windows and also as a third party plugin for Microsoft’s Outlook email service for enterprise customers. Moreover, the service will be available on browsers(web). It will have a dedicated website that will allow users to join a meeting, irrespective of the platform they are using.

    JioMeet Features

    The company has said that it is ensuring that the service is easy to use and doesn’t come with a lot of complexities. It is also being said that the final version of the app will have health features along with integration with education services like virtual classrooms for students and more.

    The website for JioMeet is listed on Google Search. Users can visit it by going to https://jiomeet.com/. However, it isn’t live yet and you will be greeted by the message saying “India’s own most secure video conferencing solution coming soon.” The website will come into operations soon as Jio has been released officially.

    JioMeet offers features like Zoom and Google Meet. It allows the host control options and to record logs of audio and video calls. JioMeet will also offer HD audio and video quality during the video conference across all devices, similar to Zoom. JioMeet allows unlimited meetings per day. The meetings can be scheduled in advance and details shared with invitees. Unlike Zoom, JioMeet users can expand any participant’s video or shared screen video by a double tap.

    JioMeet offers easy sign up option with either mobile number or e-mail ID. It allows users to host instant meetings while Zoom allows sign up only with e-mail ID. In JioMeet, each meeting is password protected. The host can also enable ‘Waiting Room’ to ensure no participant joins without permission. It also allows for the creation of groups and single-click calling or chatting.

    With JioMeet, users can initiate a video conferencing with their friends, family or colleagues at work. The service supports HD audio and video call quality with up to 100 participants in a group. In one of the screenshots on Play Store, the number of users is more than 200 which indicates the possibility of the increase in limit.

    Moreover, JioMeet also lets you adjust video call quality according to the network zone thus ensuring zero lag. JioMeet also might have many features like locking the meeting. It might also let users share the screen. It lets host control who can join the meeting alomg with control to remove the unwanted attendees if required.

    Apart from all these features, Jio plans to offer healthcare and education services along with video conferencing. Jio’s eHealth platform integrated with the Meets app will allow users to consult doctors virtually. The eEducation platform will create virtual classroom for students and teachers, record sessions and notes, assign and submit homework.

    Also Read: Mukesh Ambani Is All Set To Revolutionize The E-Commerce Industry with JioMart

    How can users use Jio Meet?

    The Reliance Industries stated,
    “Jio Meet is a platform which has many uniqueness- it actually has an ability to work on any device, any operating system, and it has an ability to do a complete collaboration. , this collaboration does not limit to a typical video conferencing app.”

    As the JioMeet app has been officially released here’s how to use Jio Meet once it goes live.

    • Download Jio Meet from Google Play Store or Apple App Store
    • Open the app and it will display a login page that asks email or mobile no. for access. This will be same for all users including the enterprise users.
    • Users can Sign-in with OTP on the bottom right corner, just below the login button.
    • Enter your mobile number to get a verification code and enter the OTP to log in.
    • Once logged in, you can make audio and video calls and can even initiate a group video call by adding you Jio Meet contacts to a group.
    Jio Meet Conference
    Jio Meet will be releasing across many Platforms

    JioMeet Vs Zoom Differnce

    Basic free plan

    The main JioMeet VS Zoom difference is that JioMeet app currently allows 100 participants in on a group video call which can last up to 24 hours with no restrictions whereas Zoom imposes a 40-minute time limit on group meetings of three or more people up to 100. After 40 minutes a new and fresh meeting has to be started. Other features include ‘Safe Driving Mode’ while driving, multi-device login support for up to five devices and seamless switching from one device to other while on call.

    User Experience

    The user experience of both JioMeet & Zoom app is quite similar. JioMeet is available across all platforms such as Androids, iOS, Windows, macOS and etc. JioMeet download can be done from the app store. Users can download JioMeet from its official website as well.

    JioMeet users can schedule meetings in advance, create password-protect meetings and create waiting room as well. However, the video quality has been limited to 720p so far. But users can also use third-party camera apps for better video quality. Zoom also provides this feature.

    There are three paid plans for Zoom users – for small teams, another for small and medium-sized enterprises and lastly for large enterprises. The plans start at ₹1,120 per month, that allows 9 participants per host. For larger enterprises, Zoom allows up to 1,000 participants in one meeting. On the other hand, JioMeet app has not announced its paid plans as of yet. Hence, it is still unclear as to how JioMeet app will accommodate large enterprises. So JioMeet is likely to announce paid plans to accommodate more than 100 users.

    Encryption

    Encryption has a vital role in video conferencing apps. Zoom had to face backlash from users due to concerns regarding privacy and security. But Reliance Jio has claimed that all meetings hosted through JioMeet app are encrypted. Yet the company has not provided any further details of its End-to-End (E2E) encryption. To ensure the more security and privacy, Zoom has started offering E2E encryption to both its paid as well as free users.

    Everything you need to know about JioMeet
    Jio has finally launched its video conferencing app JioMeet to take on the likesof rivals Zoom and Googlemeet. Jiomeet is available across all platformsAndroid, iOS, Windows, mac OS and web. The video conferencing app supports callconferencing up to 100 people and meeting can go up to 24 hours. A…
    StartupTalkyArbaaz sayed

    Meanwhile, Jio said that it is looking at the opportunity from a different perspective to offer consumers with a range of use-cases taking security and simplicity into account. So, we can expect that Jio Meet will go live within next one or two weeks.