Live updates for the 2023 Reliance AGM: Jio AirFiber to debut on September 19, 2023

As Mukesh Ambani enters the room for the 46th Annual General Meeting (AGM), attention turns to his speech to shareholders about the conglomerate's achievements and future goals. Regarding the initial public offerings (IPOs) of Jio and Reliance Retail, significant plans are anticipated to be revealed. The wealth that is being unlocked in RIL's telecom and retail operations has analysts and investors buzzing.

Mukesh Ambani, the chairman of Reliance Industries, congratulates all of the ISRO's scientists on the accomplishment of the Chandrayaan 3 mission.

In his address to the annual general meeting, Mukesh Ambani said that Reliance Industries had invested $150 billion overall over the previous ten years, more than any other corporation in the nation.

Nita Ambani resigns from RIL Board

The RIL Board recommends that Isha Ambani, Akash Ambani, and Anant Ambani be added to the Board of Directors after Nita Ambani resigned from the position. Nita Ambani will leave the board and remain chair of the Reliance Foundation.

Mukesh Ambani evaluates RIL's Q1FY24 results

"I am thrilled to report yet another year of outstanding overall success. The total income for Reliance was Rs 9,74,864 crore. EBITDA for Reliance's FY23 was Rs 1,53,920 crore, and the company made Rs 73,670 crore in net profit."

Jio has more than 450 million subscribers

Jio already has more than 450 million subscribers since its launch in 2016. This represents a 50% increase in revenue and a 25GB monthly average usage by customers: Mukesh Ambani

RIL has 3.9 lakh employees, added 2.6 lakh jobs in FY23

According to Mukesh Ambani at the 46th annual general meeting, RIL currently has 3.9 lakh on-roll employees. Reliance added 2.6 lakh jobs in FY23.

India to be fully developed by 2047

This is a brand-new, self-assured India. By 2047, India will achieve full development, according to RIL Chairman Mukesh Ambani.

The rising new India has been pioneered by New Reliance. We have set and attained targets that seemed insurmountable, Ambani continued.

Almost 85% of the total 5G cells operational in India are in Jio’s network: Ambani

By December of this year, our 5G services should be available everywhere in the nation. In India, Jio's network contains around 85% of all active 5G cells. The average amount of data used by a user each month has increased to nearly 25 GB. By December, we'll have almost a million 5G cells working in our network, according to Mukesh Ambani.

JioFiber reached 10 million subscribers

Despite COVID-19 outages, JioFiber reached 10 million customers in a short period of time, and each of them uses more than 280 GB of data each month, which is 10 times more than the amount of data used by Americans as a whole on mobile devices: Mukesh Ambani

Mukesh Ambani said Jio AirFiber will debut on Ganesh Chaturthi, 19th of September, 2023

'Jio 5G is the fastest-ever 5G rollout anywhere in the world'

We started rolling out 5G last October. Jio 5G has been available in more than 96% of the census towns over the past nine months. Furthermore, we plan to finish the job by December 23. As a result, Jio 5G is the world's fastest-ever 5G rollout: Mukesh Ambani

Adding one 5G cell every ten seconds at the current rate

Nearly 85% of all 5G cells currently in use in India are part of Jio's network. By December, we will have over a million operational 5G cells, adding one to our network every ten seconds at our present rate: Mukesh Ambani

Jio is the unquestioned pioneer of India's 5G revolution

Jio is the only firm that provides a whole ecosystem of connection, devices, support, and value-added services to ensure that 5G devices are widely available and used. As a result, Jio is now the unchallenged leader of India's 5G revolution, said Mukesh Ambani

5G for a more inclusive and successful digital future

All economic sectors, including agriculture, education, healthcare, and the MSME sector, have the potential to change thanks to Jio 5G. We are upholding our commitment to create a more inclusive digital future with Jio 5G, says Mukesh Ambani

Akash Ambani introduces Jio Smart Home services

In India, indoors where over 80% of data use takes place. I'm excited to present Jio Smart Home services since they will revolutionise how we live in and control our houses announced Reliance Jio Chairman, Akash Ambani.

Bringing Jio Fibre to more than 200 million homes

There are more than 10 million users of our broad Jio Fibre service, and hundreds more are being added every month. We are extending our addressable market to more than 200 million homes and other locations using Jio AirFiber: Akash Ambani

Details about Jio Home Broadband

'Real-time applications are now available in every home thanks to Jio Home Broadband's ultra-low latency and service awareness. Services like JioCloudPC will be able to revolutionise affordability and performance thanks to it: Reliance Jio's president, Kiran Thomas

Use your phone for entertainment, games, and other purposes

Jio Set-Top Box is a gateway to a world of entertainment, including TV channels, streaming video, big-screen gaming, and digital apps, according to Reliance AGM 2023. eRemote for Jio Set-Top Box is a feature of the Jio Smart Home app. A smartphone can be used as a gamepad: Kiran Thomas

'2G mukt Bharat' is what Reliance Jio aims to achieve

Reliance announces Developer platform for Jio True 5G

Jio Bharat Phone

For those who cannot afford expensive cellphones, JioBharat offers a doorway to digital independence. According to Akash Ambani, Chairman of Reliance Jio, during the RIL AGM, Jio Bharat is a 4G-enabled phone that costs about the same as 2G feature phones.

Jio True 5G lab announced by Reliance

Additionally, we are announcing Jio True5G Lab, a facility created to hasten the evolution of the market. According to Akash Ambani, the first Jio True5G Lab would be situated at Reliance Corporate Park.

IPL, JioCinema, and a world record

JioCinema offered free IPL streaming for the first time. With a startling 45 cr viewers tuned in, it set a global record. A major shift occurred when more people watched IPL on digital devices than on traditional television, said Mukesh Ambani

Reliance Retail's valuation climbed from Rs. 4.28 lakh crore in 2020 to Rs. 8.28 lakh crore

In FY23, Reliance Retail reported sales of Rs 2,60,364 cr. We generated EBITDA of $17,928 billion and net profit of $9,181 billion. According to Mukesh Ambani, Reliance Retail is the only retailer from India among the Top 100 retailers worldwide and has one of the quickest rates of growth.