F&O expiry: IT, banks lift Sensex 393 pts up; RIL slips 2.4% post 44th AGM

The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79 per cent, leading the gainers, while the Nifty PSU Bank index, down 1.4 per cent, bled the most

3:13 PM

RIL AGM 2021 LIVE :: Mukesh Ambani unveils JioPhone Next

>> Will be available in the market Sept 10, 2021 onwards

>> Ambani claims the phone to be the cheapest phone so far, in India and the world

>> It is a fully featured smartphone supporting the entire suite of applications from both Google and Jio

>> JIOPHONE NEXT is powered by an optimized version of Android OS jointly developed by Jio and Google.

>> It is ultra-affordable and packs cutting-edge features.

3:10 PM

RIL AGM 2021 LIVE :: RJio is the world’s 2nd largest mobile data carrier

>> Reliance Jio is today world’s 2nd largest mobile data carrier handling over 630 crore GBs a month.

>> This is 45% growth in data consumption in the last year alone – a testament to the rapid pace at which India is digitizing

>> During recent spectrum auctions, we invested Rs 57,123 cr to acquire significant additional spectrum, making Jio the largest operator of 4G spectrum in India.

>> We have operationalized nearly 100% of this additional spectrum

3:07 PM

RIL AGM 2021 LIVE :: Reliance Industries to set-up 100 GW plant for Solar Energy

>> This will be done by 2030

3:05 PM

RIL AGM 2021 LIVE :: Mukesh Ambani lays roadmap for cleaner energy biz

>> Reliance is also evolving a vision for New Materials and Green Chemicals.

>> We will kickstart this by strategically investing in India’s first world-scale carbon fiber plant for supporting our hydrogen and solar ecosystems

3:04 PM

RIL AGM 2021 LIVE

>> Mukesh Ambani says, will build two additional divisions to further strengthen this ecosystem.

>> First, a dedicated Renewable Energy Project Management and Construction Division.

>> Second, a dedicated Renewable Energy Project Finance Division:

3:02 PM

RIL AGM 2021 LIVE :: Investment from internal resources will be Rs 75,000 cr in New Energy biz

>> Ambani says, this will be done over the span of 3 years

>> The additional Rs 15,000 cr (over and above Rs 60,000 cr) will be in value chain, partnerships and future technologies, including upstream and downstream industries.

3:00 PM

MARKET CHECK :: Sensex zooms nearly 500 pts

2:59 PM

RIL AGM 2021 LIVE :: Developing the Dhirubhai Ambani Green Energy Giga Complex, says RIL chairman

We have started work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar.

It will be amongst the largest such integrated renewable energy manufacturing facilities in the world

2:57 PM

RIL AGM 2021 LIVE :: We plan to build four Giga Factories, announces Mukesh Ambani

>> These factories will be built to manufacture and integrate all critical components of New Energy ecosystem – solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory

>> Reliance will thus create and offer a fully integrated, end-to-end renewables energy eco-system.

>> Over the next 3 years we will invest over Rs 60,000 crore in these initiatives

2:53 PM

RIL AGM 2021 LIVE :: Mukesh Ambani on New Energy biz

>> Will make RIL's energy-arm a global leader

>> As one of the biggest energy markets in the world, India will play a leading role in transforming the global energy landscape

>> As a company always focused on growing businesses of the future, Reliance will provide leadership on the combined strength of our balance-sheet, talent, technology and proven project execution capabilities

>> Reliance will make its New Energy business a truly global business

2:52 PM

RIL AGM 2021 LIVE :: Will make RIL net zero-carbon company in 15 years, says Mukesh Ambani

2:50 PM

Mukesh Ambani says

As an important part of this vision of achieving accelerated growth, we look forward to welcoming Saudi Aramco as a strategic partner in our O2C business.

Despite several challenges due to COVID 19, we have made substantial progress in the past year in our discussions. These discussions have been held in the spirit of mutual commitment to convert our long-standing relationship into a perpetual partnership. This continued engagement and resolve from both sides, even during this pandemic, is a testimony of strong relationship between Saudi Aramco and Reliance. I expect our partnership to be formalised in an expeditious manner during this year.

2:49 PM

RIL AGM 2021 LIVE :: Yasir Al-Rumayyan to join RIL's Board as independent director, says Mukesh Ambani

Rumayyan is Saudi Aramco Chairman and Governor of the Kingdom’s wealth fund — Public Investment Fund (PIF) 

2:47 PM

RIL AGM 2021 LIVE

>> Hope to welcome Saudi Aramco to RIL's O2C-arm within this year , says Mukesh Ambani

2:45 PM

RIL AGM 2021 LIVE :: Mukesh Ambani on Reliance Retail

Reliance Retail continues to be the undisputed leader in organised retailing in the country, with scale that is more than 6 times the next competitor.

We are by far the leader in each category — grocery, electronics and apparel