Don't miss the highlights from Reliance's 47th AGM where Mukesh Ambani made game-changing announcements including a 1:1 bonus share and the revolutionary 'Jio Brain' AI!
The 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) on August 29, 2024, turned out to be a landmark event, drawing attention from over 3.5 million shareholders. Mukesh Ambani, the iconic billionaire and Chairman of RIL, began the meeting with important updates that are certain to reshape the company's future. Among the most thrilling announcements was the news of a 1:1 bonus share issue, making every shareholder grin from ear to ear! This initiative reflects RIL’s generous rewards policy as the conglomerate continues to expand its empire, with its stock already on a positive upswing.
On the tech front, Mukesh Ambani unveiled the groundbreaking 'Jio Brain', an AI toolset that promises to place Reliance at the forefront of artificial intelligence advancements. He assured shareholders that this toolset will enhance business operations through efficiency and innovation, emulating how Google and Apple revolutionized their respective industries. Ambani's vision of transforming Reliance into a deep tech powerhouse is not just a statement but a reality in the making.
And if you’re a keen observer of the retail scene, you're in for a treat! Reliance Retail now ranks among the top five global retailers by store count, a feat that isn’t just a number but a testament to rigorous planning and execution. Isha Ambani announced ambitious plans to double the retail business in the next three to four years, showcasing the steady confidence Reliance has in its growth trajectory. As if that wasn’t enough, shareholders were also teased with a new offering in the pipeline, with the 'Jio AI-Cloud Welcome' boasting 100 GB of free storage starting from Diwali. This promise of technological enhancements is sure to keep Reliance in the spotlight.
In a lighthearted end to the day, Mukesh Ambani addressed rumors of job cuts within the company, assuring all shareholders that Reliance believes in hiring, not firing. He noted that last year, only 1.7% of employees were impacted by such changes, contrasting with the ongoing hiring spree in various sectors. Overall, this AGM underscored Reliance's commitment to pushing boundaries in technology while also ensuring their loyal shareholders continue to thrive.
Here’s an interesting fact: did you know that Reliance's share price has risen over 18% year-to-date? The anticipation surrounding the AGM and subsequent announcements may well keep this upward trend going strong! Additionally, with Jio's AI advancements, we might just see a day when our phones not only take calls but also give us insights into our grocery shopping—a futuristic amalgamation of needs!
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Reliance Industries Ltd is hosting its 47th annual general meeting today. The AGM began with RIL chairman Mukesh Ambani addressing the shareholders. This will ...
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The Country's leading retailer Reliance is aiming to double its business in next three to four years, its Director Isha Ambani said at AGM.
At Reliance's 47th Annual General Meeting, Chairman Mukesh Ambani outlined the company's transformation into a deep tech powerhouse.
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Reliance Industries Chairman Mukesh Ambani stated that Reliance Retail ranks in the top five global retailers by store count and in the top 30 by revenue.
Mukesh Ambani announces Jio AI-Cloud Welcome offer with 100 GB free storage, launching on Diwali.
रिलायंस इंडस्ट्रीज की 47वीं सालाना आम बैठक गुरुवार को संपन्न हुई। इसमें कंपनी के मुखिया मुकेश अंबानी ने कई बड़े एलान किए।
Reliance AGM 2024 hihglights: The Board of Directors will be meeting on September 5, 2024, to consider a 1:1 bonus issue for its equity shareholder.
Jio AI-Cloud Welcome offer: Starting this Diwali Jio is going to offer users up to 100 GB of free cloud storage to store photos, videos, and documents.
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Reliance AGM | ముకేశ్ అంబానీ సారధ్యంలోని రిలయన్స్ తన వాటాదారులకు బోనస్ షేర్లు ఇవ్వనున్నది. 1:1 నిష్పత్తిలో వాటాదారులకు బోనస్ షేర్లు ఇస్తామని ...
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A bonus issue, or bonus share issue, involves a company issuing additional shares to existing shareholders using its accumulated reserves or profits.
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The venture will form India's biggest entertainment player, competing with Sony, Netflix, and Amazon.