Reliance Industries 44th Annual General Meeting, chaired by Mukesh Ambani, will be held today from 2 p.m. The RIL AGM has historically been a closely watched event. This year, due to restrictions due to COVID-19, the AGM will be held by video conference and other audiovisual means.
President Mukesh Ambani is expected to make major announcements including the country’s first 5G phone, JioMart’s grocery business with WhatsApp, the affordable JioBook laptop and its $ 15 billion deal with Saudi Aramco.
WHAT TO EXPECT
Jio 5G Phone: Perhaps Reliance’s most anticipated AGM announcement is about the affordable 5G phone. Reliance Jio is also expected to address its roadmap for 5G deployment in India.
The cheap 5G Android device is touted as affordable enough to take millions of 2G mobile phone users to the next level. The company has partnered with Google to develop the software for the 5G phone. The tech giant last year bought a 7.7% stake in Reliance Jio for Rs 33,737 crore as part of a deal involving the development of an affordable 5G smartphone.
However, some reports have indicated that the phone’s production has been impacted by supply constraints. Nonetheless, the development of the 5G phone will be closely watched.
JioBook: Reliance Jio is reportedly planning to enter the laptop segment with a product called JioBook. The device is expected to be powered by Qualcomm’s Snapdragon 665 11nm chipset with 4G connectivity.
Saudi agreement with Aramco: Saudi Aramco Chairman and Governor of the Kingdom’s Public Investment Fund, Yasir Al-Rumayyan, could be inducted into Reliance Industries board ahead of the $ 15 billion oil-oil deal. chemical products. The deal was due to be concluded by March 2020, but was delayed for unknown reasons. However, talks resumed this year. The agreement with Aramco will be one of the most followed developments at RIL’s AGM.
WHERE TO WATCH
You can watch the event on Facebook, Twitter or YouTube.
Facebook: You can follow the event on the Reliance Industries Limited page or on the Jio page.
Twitter: You can follow updates or watch it live on Flame of Truth or Reliance Jio grips.
Youtube: Flame of Truth and Reliance Jio will also broadcast the RIL AGA event.
WhatsApp: You can also get updates through the chatbot on the WhatsApp number + 91-79771-11111.
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