And that's a wrap on our live coverage of today's Annual General Meeting of Reliance Industries Limited. Thank you for joining us, readers. Good night.

Aug 29, 2022 7:13 PM

Reliance AGM: All you need to know about RIL’s retail biz

NOTE TO VIEWERS Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Aug 29, 2022 6:49 PM

Signs of succession: Mukesh Ambani introduces daughter Isha as Reliance Retail leader

At Reliance Industries Ltd's 45th annual shareholders meeting, Ambani introduced Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business.

Aug 29, 2022 6:28 PM

RIL AGM reaction: Gagan Sidhu, Director of CEEW's Centre for Energy Finance

Gagan Sidhu feels RIL's focus on power sector transition, mobility transition and green hydrogen transition will go a long way towards India achieving net zero carbon emissions.

"They account for about 70 percent of emissions. We at CEEW had conducted a study last year where we estimated the investment requirement for India to achieve that net-zero target by 2070, and that was something in the order of $10 trillion. So if we average it out over the next 50 years, we are talking about $200 billion each year in investment for these three transitions.”

Aug 29, 2022 6:16 PM

Prakash Diwan, markets expert, says the AGM overall was "spectacular". He was particularly inmpressed with the range of expansion and growth trajectory outlined by Mukesh Ambani.

"I haven't come across a company so boldly setting a target to double itself in terms of valuein just 5 years. The roadmap from here is so impressive that if there is any company that can become truly global in terms of applications beyond what we have seen in the IT services; as a brand, as a technology provider, as an enabler to the parts of the rest of the world, I think it's going to be Reliance."

Aug 29, 2022 6:11 PM

Jio's 'True 5G' will boost cloud computing

Jioinfocomm Chairman Akash Ambani on Monday, during Reliance Industries Limited's Annual General Meeting, announced JioAirFiber, a wireless, ultra-fast broadband. One of the major benefits of JioAirFiber will be cloud computing — users can use the high speed and low latency to connect to a cloud computer, which will save them the cost of upgrading their PCs or laptops on a regular basis. Plus, Ambani said, users will only have to pay as per their usage.

Read more on JioAirFiber here.

Aug 29, 2022 5:57 PM

Growth path for Jio becomes even more clearer, says Axis Securities' Naveen Kulkarni

"Telecom looks fairly interesting because Jio has already bought out a lot of spectrum for 5G services and interestingly the Chairman put out clearly that they will be using multiple bands including the 700 MHz band for coverage. Jio has reached a certain market share in terms of subscriber base and product penetration but with the kind of investments that we are looking at 5G and with newer aspects coming which is machine-to-machine communication, more and more broadband communication, I think the growth path for Jio becomes even more clearer. I think these are good steps that the company is taking to create immense value in this part of the business."

Read more on Jio's 5G launch plan in key metros by Diwali — to invest Rs 2 lakh crore for pan-India coverage by end of 2023

Aug 29, 2022 5:37 PM

RIL AGM reaction: Somesh Kumar, Leader Power & Utilities at EY India

"So huge investments being planned in the renewable energy, green energy sectors. These announcements will drive the whole industry, will drive the whole ecosystem and make sure that the cost come down and also these are embedded into the system very well."

Reliance Industries plans on establishing 20 GW of solar energy generation capacity by 2025.

Read more about RIL's new energy plans here

Aug 29, 2022 5:22 PM

RIL 45th AGM: Top 10 highlights

NOTE TO READERS Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Aug 29, 2022 5:11 PM

RIL AGM reaction: Probal Sen, Energy Analyst at ICICI Securities

On oil to chemical business: “The number was definitely a surprise for us after the kind of capex expansion that had already happened in the petrochemical and O2C space, and with the increasing focus on new energy businesses... So, the next five years will also be fairly interesting to look at how they can convert these kinds of investments into earnings growth as well and build on top of what is already appear a leading earnings growth trajectory for the next couple of years - that is already there in the street estimates.”

During his keynote speech to the 45th AGM, RIL Chairman Mukesh Ambani had said that the company will invest Rs 75,000 crore and expand capacities in existing and new value chains over the next 5 years.

"I am pleased to share that over the next 5 years, we will invest Rs 75,000 crore and expand capacities in existing and new value chains," Ambani said in his speech.

Read more here

Aug 29, 2022 4:54 PM

RIL O2C business could grow by around 12-15% going forward, says Deven Choksey of KRChoksey

“The kind of roadmap of investment of around Rs 75,000 crore over next 4 years’ time, it suggests that the current O2C business which is in the vicinity of Rs 50,000-60,000 crore EBITDA, could possibly continue to grow in the vicinity of around 12-15 percent going forward on a sustainable basis.”

Read more on RIL's O2C business and other details from RIL chairman Mukesh Ambani's AGM speech

Aug 29, 2022 4:46 PM

Value in RIL at every point, says Enam Holdings Manish Chokhani

"There is always value in Reliance at every point because it is a company, which is constantly growing and constantly changing its orbit. Even on 5G, if you saw the recent bids, which were made, they were more than 2 times the amount that bandwidth taken by Reliance as compared to even Airtel and the areas in which they are seeking to use it will range from education and healthcare to industry, to sports, to the whole gamut. It effectively gives you broadband through the air as opposed to the Jio fiber, which you had to take into your homes. So it just kick-starts everything.

Aug 29, 2022 4:39 PM

RIL AGM gave some direction in terms of its 5G strategy, says Balaji Subramanian, Vice President of IIFL Securities

On 5G rollout: “The 5G rollout, at least in the four metros will be done by Diwali and that is an incremental piece of information, but as of now we don't have any details on the pricing of the pack, 5G packs and there were expectations on some announcements regarding a 5G handset from Jio. So we didn't get to hear any of that."

Aug 29, 2022 4:29 PM

Ambani details succession plan -- retail to Isha, energy to Anant

Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide handson leadership as before".

Aug 29, 2022 4:13 PM

Chat-based experiences like this will be the go-to way people & businesses communicate in the years to come

Mark Zuckerberg on Meta & Jio Platforms collaboration to launch JioMart on WhatsApp

Aug 29, 2022 4:02 PM

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