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  • All the new Reliance projects announced at Reliance AGM | Reliance AGM 2021 Highlights

    The 44th AGM of Reliance Industries was conducted on 24 June 2021. The company had mentioned certain key points that they undertook during the Coronavirus pandemic such as contributing to oxygen. Reliance boasts of producing 11% of the country’s liquid oxygen that is the highest by any company, gave around 7.5 crore free meals, set up 116 vaccination centers in 109 cities across the country, and also conducted the largest corporate vaccination drive for its employees.

    Other than these the Chairman of the company, Mukesh Ambani had also discussed various projects that the company will undertake in the coming future. Let’s look at the projects and the details about them.

    Reliance AGM – Latest News
    Mukesh Ambani on Green Energy Project at Reliance AGM
    JioPhone Next Announcement at Reliance AGM
    Jio 5G plans announced at Reliance AGM
    Google Cloud and Jio partnership announcement at Reliance AGM
    Jio and Microsoft partnership announcement at Reliance AGM
    FAQ

    Reliance AGM – Latest News

    One of the major key takeaways from the Annual General Meeting of Reliance is its clean energy business. The company has stated that it would invest around INR 75,000 crore in a new clean and green energy business over the phase of the next 3 years.

    Another takeaway is about the partnerships of Jio and the introduction of a new phone under the brand Jio with the collaboration with Google. The company also announced the launch of Jiomart, where it will collaborate with Facebook.

    Mukesh Ambani on Green Energy Project at Reliance AGM

    On the 44th Annual General Meeting of Reliance the chairman of Reliance Industries, Mukesh Ambani has announced to begin the work on developing a clean energy project which is the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, which will be a 5,000 acres project.

    The company had announced that it has a target to reach a net-zero carbon company by 2035, where 60% of the revenue that is earned by the company is through hydrocarbon-fueled energy operations, as per the reports of the recent financial year. While compared to other players in the industry 2035 is a relatively shorter time frame where the major players such as BPCL, Royal Dutch shell, and many others commit to reaching the target by 2050.

    He said that the company has started working on the Giga Complex, which is expected to be one of the largest renewable energy integrated manufacturing facilities in the entire world. The Giga complex will contain a solar manufacturing unit, battery factory for energy storage, fuel cell making factory, and an electrolyzer unit which will be used to manufacture green hydrogen.

    The company also has plans to build for other Giga factories in order to integrate and manufacture all the components that are required by the new energy system, which include solar photovoltaic module factory, energy storage battery factory, fuel cell factory, and electrolyzer factory.

    The company is expecting to create an end-to-end renewables energy ecosystem and announced that it would invest around INR 60,000 crores in these 3 initiatives and the rest INR 15,000 crores will be invested into partnerships, future technologies, and value chain, and also upstream and downstream businesses.

    Ambani had also conveyed that the company will invest in building two additional divisions to strengthen this ecosystem. There will be a dedicated renewable energy project management and construction division and a dedicated renewable energy project finance division.

    Reliance also aims to set up a 100 GW solar energy by the end of the year 2030.

    Why is Facebook launching its own Smartwatch? (Even after the failure of its smartphone)
    Facebook has recently announced that it would launch its smartwatch during theyear 2022. They have also planned to launch the further versions of the watch.However, this is not the first time the company is entering into the hardwaretechnology sector. Let’s look at the latest news about the smart…
    StartupTalkyAlan Joseph

    JioPhone Next Announcement at Reliance AGM

    JioPhone Next will be developed through a partnership with Jio and Google and will be released as a Made in India phone. The smartphone will be powered through an optimized version of the Android platform, which will be especially developed for the JioPhone Next.

    JioPhone Next
    JioPhone Next

    The smartphone will be a 4G enabled smartphone and will enable the users to use the phone in their preferred language. The phone is expected to deliver a great camera quality and even the latest updates on the Android features and the security updates.

    JioPhone Next will contain all the major features such as Google Assistant, language translation, automatic read-aloud of screen text, smart camera with augmented reality, and much more. The smartphone is expected to be released in the market during the time of the Ganesh Chaturthi festival.

    The JioPhone Next is considered to be the most affordable 4G phone in the country and the entire world.

    Turnover of Reliance Industries Limited in India
    Turnover of Reliance Industries Limited in India

    How Tata is helping Airtel to bring Made-in-India 5G Technology in India?
    The 5G network has been said to come into India in a few years. Jio has beenworking on it for the last year and had also announced about the 5G network inone of their Annual General Meeting. But now Airtel and Tata group have joinedtogether to provide 5G network solutions in the country. In this …
    StartupTalkyAlan Joseph

    Jio 5G plans announced at Reliance AGM

    The company has plans to make India a 5G-must nation by the introduction of 5G into the country. The company has a 100% homegrown 5G solution where the company can roll out a 5G network in the country through a standalone position.

    The Jio 5G solutions have successfully provided over 1GB per second during the trials that were conducted using the 5G network. Ambani has conveyed that the company has received 5G approval from the regulators and also trial spectrum for 5G field trials.

    Ambani also stated that the company is confident to be the first one to launch full-fledged 5G services in the country. The company has also partnered with leading global partners in order to develop a full range of 5G capable devices.

    Google Cloud and Jio partnership announcement at Reliance AGM

    Mukesh Ambani had announced the partnership of the company with the Google Cloud services in order to power the 5G services and network of Jio. Google will provide an end-to-end cloud offering that will power the automated lifecycle management of Jio’s 5G network and services.

    In addition to this, to address the business challenges faced by the industries, both the companies will collaborate to bring a 5G edge computing solution.

    The services of Jio’s 5G network, software, and Google cloud’s innovation in AI and ML will be explored in the new sectors such as gaming, healthcare, video entertainment sectors, and education. Jio and Facebook

    The company has united the initial stage of JioMart with Facebooks’ WhatsApp and has provided encouraging results and valuable feedback by the company. Currently, the company is working on developing a full new commerce solution that will link the consumers and merchants. All these plans are expected to be implemented and launch over the next few quarters.

    Jio and Microsoft partnership announcement at Reliance AGM

    The company has also partnered with Microsoft in order to launch a 100 MW capacity of Jio-Azure cloud data centers in two cities of the country – Nagpur, and Jamnagar. The company is currently onboarding a group of customers for testing the product and service.

    Over the coming quarters, the company has plans to expand the data center capacity and offering the services to a growing number of SMEs and various other startups.

    Conclusion

    The main focus of the AGM was on the Green energy Giga factory that will be set up by the Reliance Industries. In the year 2016 the company had launched Jio in order to bridge the gap in the country in relation to the Digital divide and in the year 2021 the company is launching its clean energy business in order to bridge the gap in the green energy division.

    FAQ

    What is Reliance AGM ?

    Reliance AGM is annual general meeting held by Reliance industries where the chairman of Reliance Industries, Mukesh Ambani announces future projects and partnerships of Reliance.

    What is the Revenue of Reliance Industries?

    The Revenue of Reliance Industries is ₹540,000 crore (US$76 billion) in 2021.

    What is net worth of Mukesh Ambani?

    The net worth of Mukesh Ambani is 8,490 crores USD as of 2021.

  • Jio’s Journey Towards Dominating The Data Market

    Reliance Jio has fulfilled its dream of taking over the data market and the 4G space in India. From December 2015 up to 2020 the marketing and growth strategies employed by Jio have enabled this company to emerge with giant like proportions and establish itself as a leader in Indian telecom space. Bharti Airtel was next with a share of 24%, while Vodafone Idea was third. State-owned BSNL commanded more than half of the market share in wired internet subscribers.

    Reliance Jio now leads the chart by grabbing 52.3 per cent of the overall data market share, followed by Bharti Airtel at 23.6 per cent share in the quarter ended March 2020. According to the Telecom Regulatory Authority of India (Trai) the number of internet subscribers in India increased to over 743 million at the end of March 2020, with a growth rate of 3.4 per cent on a sequential quarter basis. Around 97% of the subscribers use mobile devices for internet access. Vodafone Idea held the third position as its internet subscriber market share at 18.7 per cent for the period in reference.

    Which is why the number of wireless internet subscribers stood at 720.7 million, while the wired internet subscribers were 22.4 million. Internet access with a minimum capacity of 512 kilobits per second or more is defined as broadband connectivity. The top five service areas in terms of internet subscriptions wired and wireless were Maharashtra (63.01 million), Andhra Pradesh including Telangana (58.65 million), UP (East) (54.60 million), Tamil Nadu (51.64 million).

    Jio-Facebook Partnership- latest Facebook Investments in India After Byju’s, Meesho and Unacademy
    India has gone through a rapid digital transformation over the last few years.After coming of Jio into existence in the Indian ecosystem. This contribution inthe Indian market has increased the use of smartphone and internet with a greatpace and it has grown exponentially. Now, Jio has collaborat…
    StartupTalkyYash Gupta

    Jio’s journey to success

    Reliance Jio Infocomm Limited was founded in 2007. In 2010, it acquired 95% of Infotel Broadband Services Limited. In 2010, it acquired 95% of Infotel Broadband Services Limited. This lesser known company was attractive because of the service and opportunities it offered in exchange for the price tag. The IBSL is what allows Reliance to develop its 4G network all over the country.

    Reliance Jio first product was the Lyf smartphone which was launched in the India markets in 2015, which did not generate sufficient demand. In 2016, brought Reliance Industries Limited 42 annual general meetings. It was here that Ambani first announced his plans to take over the 4G space in India, with the launch of Reliance Jio.

    number of subscribers increasing from 2017 to 2019
    number of subscribers increasing from 2017 to 2019 

    Jio takes over the market

    The reason for jio’s successful marketing strategy is that it is unilateral and is the same service offered for free. The initial scheme that accompanies the launch off jio was free services till March 2017. With this scheme each individual was given access to free SIM cards with free voice calling and free 4G data to fulfil their browsing skills.

    Reliance Jio reached its goal of 100 million subscribers in February 2017 just within 170 days and by June 2017 it had 200 million subscribers, thus making a record for the fastest growth of users. As of December 2019, Jio is the third largest telecom service provider in the world and has a network of close to 400 million subscribers.

    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

    The rise and rise of Jio

    Before jio, people paid between Rs.200 and Rs. 500 for limited 3G mobile data. In jio case the company had an advantage as the product was free when it was introduced, it disrupted the entire telecom space in India and brought high speed data to the general public. People were now streaming movies watching videos, video calling all from their mobile phones.

    jio's profit in 2019 and 2020
    jio’s profit in 2019 and 2020

    The six month free period served as an opportunity for the company to test put their product and the use the data from that period to optimize its network to the need of the consumers. When dual sim became popular, it became easy for individuals to retain their Jio SIM cards and use them for mobile data while also keeping their original phone numbers for other purposes. The company brought out new products like 4G enabled phones, broadband services, TV services and many others.

    Jio – The Company that Revolutionised Telecommunication Industry
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. When do you think a revolution came in the telecommunication industry? Well, themost common answ…
    StartupTalkyRishabh Rathi

    Increasing Numbers

    Generating a demand and created a customer base is the first step. Then comes the task of long term retention. For Jio the referral stage was particularly important as other telecom service providers had not caught up with a 4G network of that magnitude. With coverage in all 22 telecom circles, Jio became the largest mobile network operator in India by 2019.

    In the financial year 2019 -2020 profits have increased by 88%. Revenue increased by approximately 40% and EBIT rose by 64%. In fact, during the corona virus pandemic, Jio reported that data usage on their network increased by over 50%. Jio has also launched in September 2016, along with the Jio music app, video streaming app and other accompaniments.

    The JioPhone was launched in August 2017, with subsequent models being introduced in 2018 and in 2020. These phones are created to answer the complementary demand for affordable 4G compatible phones, generated by the original demand for 4G data. For the manufacturer of these phones, Jio has partnered with Google. Apart from this the company has also launched Wi-Fi routers and other electronics.