Reliance AGM Live Updates: Google to invest 33k Crores in Jio Platforms
Reliance Industries is conducting its 43rd Annual General Meeting today online. AGM has started at 2PM today and Mukesh Ambani is set make several announcements of the company's performance in various verticals. Jio Platforms will be main focus as Google is set invest.
Here are the live updates from Reliance 43rd AGM
Sundhar Pichai tweeted about the partnership with Reliance
Everyone should have access to the internet. Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund.https://t.co/1fP8iBZQfm
— Sundar Pichai (@sundarpichai) July 15, 2020
Reliance is now ranked among the World’s 60 largest companies by market capitalization. And when Reliance scales still higher summits of success, our employees and shareholders will surely reap its rewards: Mukesh Ambani
Reliance will work with other Indian companies, including start-ups, to vigorously promote “Made-in-India”, “Made-for-India” and “Made-for-the-World” products: Mukesh Ambani
Bharti Airtel slips over 4% post RIL's announcement at the AGM
This year, Reliance Foundation is celebrating its 10th year of ‘Transforming Lives’ across India. Over the last decade, our Foundation has touched the lives of over 36 million people, in the remotest corners of our country: Nita Ambani
Saudi Aramco deal has not progressed as expected due to disruption in energy markets, Covid-19
We have received strong interest from investors and bankers to invest in Reliance Retail, says Mukesh Ambani
Jio ready to partner startups to help them reach their full potential, says Mukesh Ambani
Revenue from retail biz grew 8x and profits increased by 11x in last 5 yrs, says Mukesh Ambani
Investment in RIL will be our biggest investment under the recently announced $10B digitization fund, says Sundar Pichai