Mukesh Ambani seconds irked shareholder's view — RIL AGM

Mukesh Ambani seconds irked shareholder's view — RIL AGM

According to the latest company announcement, Reliance Retail has a turnover of over 130K Cr in FY2019 and has more than 10K stores across India. It also announced that it will henceforth forge partnerships for major businesses with global giants and confirmed reports of strategic interest in its telecom and retail businesses. Jio has not detailed much about this service.

You will have to enrol for Jio's annual packages in order to avail this offer. Existing Jio GigaFiber and new Jio Fiber customers would be able to get voice calling support through the new service.

The group's billionaire chairman, Mukesh Ambani, also unveiled plans to launch cut-price home internet services across India next month. This will allow subscribers to enjoy a new film in their home on the same as the movie is being released in theatres.

Jio Postpaid Plus is available for those who want a platinum-grade service and product experience.

The Jio Set-Top-Box will support Mixed Reality services as MR shopping, MR education and MR movie watching. Jio also has a "Welcome Offer" for users who opt for JioFiber annual plans. Worldwide voice calling will also be available through the fixed-line, with one of the plans revealed to have unlimited calling to the United States and Canada for just ₹500 ($7) per month, though most families now utilize app-based free calling solutions such as WhatsApp.

Jio's also making worldwide calling cheaper by setting the default tariffs to one tenth of the industry average and, for U.S. and Canada exclusively, users can purchase unlimited calling at ₹500. Among these announcements were some details of the Jio Set-Top-Box (STB), a device that will be included with JioFiber connections.

To attract new customers, a Jio Fiber Welcome Offer will be available.

Reliance Jio also announced free cloud and connectivity solutions for "budding startups" in India.

USA will delay tariff hike on Chinese-made cell phones, toys
It will remove other items from the list based "on health, safety, national security and other factors". It's expected that the increased tariffs will impact around $300 billion worth of imports from China.

The Welcome offer or Forever plan may include a security deposit to get a free TV or Home PC and 4K STB.

Airtel's monthly plans start from Rs 799 with internet speeds of up to 40 Mbps and 100GB broadband data. The Jio Fiber monthly plans start at Rs 700, which goes way up to Rs 10,000.

Reliance Jio and Microsoft will partner to set up one of the largest networks of world-class data centers across the country.

Using blockchain, Reliance plans to offer data privacy for Indians. They will be offering connectivity and business-related applications starting at just Rs 1,500 a month.

The tech push and the planned stake sale comes as Reliance - India's second-biggest company by market value - looks to bolster its consumer businesses and diversify from its core oil and petrochemicals operations.

Reliance also recently announce a joint venture with BP in the petroleum retailing business, where BP is acquiring 49% stake in RIL's petro-retail business.

Shares of RIL were up by 8.40% at Rs 1259.55 in the morning trading hours. Jio's IPO initiative has been picked up, and works are on.

Jio, with cheap data plans and freebies, has managed to become India's top mobile operator by subscribers and the second-biggest globally over the three years. Currently, it trails Tata Consultancy Services by slightly more than $1 billion. Jio aims to connect one billion homes via IoT.

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