Reliance Industries Ltd. (RIL), the Mukesh Ambani-led conglomerate, convened its 44th Annual General Meeting (AGM) electronically today. The event began at 2:00 p.m. and was broadcast live on JioMeet.
The meeting was jam-packed with news about a partnership with Saudi Aramco and 5G telecommunications, including the debut of a new 4G-enabled smartphone.
- Annual General Meeting is keenly watched given RIL’s market cap
- Jio Institute’s session will commence this year
- RIL celebrated a 34.8 percent year-on-year increase in profit
- “Most affordable” 4G smartphone co-developed with Google finally launched
- Jio and Google have partnered to launch JioPhone Next
Annual General Meeting is keenly watched given RIL’s market cap
RIL’s AGM has traditionally been a closely watched occasion, according to HSBC Global Research, because RIL is one of the country’s top three corporations by market value.
Jio Institute’s session will commence this year
Nita Ambani, founder chairperson of the Reliance Foundation announced the first academic session at Jio Institute will commence at the Navi Mumbai campus this year, with scholarships for undergrad and post-grad courses.She also touched upon RIL’s five-faceted approach to tackling the pandemic. The missions addressed the oxygen crisis, medical infrastructure, food supply for the underprivileged, employee welfare, and inoculation via the JioHealth platform.
“Most affordable” 4G smartphone co-developed with Google finally launched
The most exciting announcement came in the form of JioPhone Next, the “most affordable” phone Jio has developed in association with Google. The JioPhone Next runs an extremely optimized version of the Android operating system that supports all Jio apps, Google apps, including the Google Play Store. It will be available from September 10 (Ganesh Chaturthi), 2021.
I am pleased to announce that Google and Jio teams have jointly developed a truly breakthrough smartphone – JIOPHONE NEXT. It is a fully featured smartphone supporting the entire suite of applications from both Google and Jio: Reliance Industries Chairman Mukesh Ambani pic.twitter.com/NCGneeoGtU— ANI (@ANI) June 24, 2021