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    in the recent reliance agm whom did mukesh ambani announce as the leader of the new energy business?

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    Reliance AGM 2022 Highlights: Isha Ambani says Reliance Retail to launch FMCG business

    RIL AGM 2022 Highlights: Reliance RIL AGM 2022 Announcements live updates; Reliance Industries (RIL) Chairman Mukesh Ambani is addressing the shareholders at the company's 45th annual general meeting (AGM) today. He said that Reliance Jio will launch 5G services in key cities by Diwali.

    Reliance AGM 2022 News Highlights: Ambani shares 5G rollout plan, retail arm to launch FMCG biz

    Reliance AGM 2022 News Highlights: Ambani shares 5G rollout plan, retail arm to launch FMCG biz Reliance AGM 2022 Highlights, JIO 5G Services Announced: Reliance Industries (RIL) Chairman Mukesh Ambani is addressing the shareholders at the company's 45th annual general meeting (AGM) today. He said that Reliance Jio will launch 5G services in key cities by Diwali.

    By: Express Web Desk

    New Delhi |

    Updated: August 30, 2022 10:31:46 am

    0

    Reliance Industries (RIL) AGM Highlights: RIL Chairman Mukesh Ambani is making some key announcements regarding Telecom, O2C, Retail and E-commerce businesses. (Screengrab: Youtube/Reliance Updates)

    Reliance Industries AGM 2022 Highlights, Mukesh Ambani Announces JIO 5G Services: Oil-to-telecom behemoth Reliance Industries (RIL) held its 45th annual general meeting (AGM) on Monday where its chairman and managing director (CMD) Mukesh Ambani addressed his shareholders and shared the rollout plan of its telecom arm Jio’s much-awaited 5G services. He announced that 5G services will be launched in key cities including Delhi, Mumbai, Chennai and Kolkata by Diwali.

    Speaking at the AGM, Mukesh Ambani said that a pan India 5G launch is likely by December 2023 and said that RIL has added 2.32 lakh jobs with Reliance Retail becoming one of the largest employers in the country. Additionally, Reliance Retail’s director Isha Ambani also announced that the retail giant will be entering the FMCG business this year.

    This apart, Ambani also laid the succession plan of the country’s largest conglomerate by market value, identifying twins Akash Ambani and Isha Ambani for leading the telecom and retail business, and youngest son Anant Ambani for the new energy unit. However, he insisted he isn’t retiring yet and will “continue to provide hands-on leadership as before”.

    LIVE BLOG

    RIL Chairman Mukesh Ambani addressed Reliance Industries' 45th AGM and made various announcements regarding the company's plans for the coming fiscal. He announced the rollout plan of Jio 5G and Reliance Retail emerging as the biggest job creator. Here's what he announced:

    17:26 (IST) 29 AUG 2022

    Mukesh 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 hands-on leadership as before”. CLICK HERE to read

    15:58 (IST) 29 AUG 2022

    Mukesh Ambani on bio-energy

    "Reliance is actively working on bio-energy. I am happy to inform you that Reliance has inaugurated Phase I of its Bio-Energy Technology (BET) Centre at Jamnagar on August 15, 2022," Mukesh Ambani said in his speech.

    15:47 (IST) 29 AUG 2022

    Mukesh Ambani: Aim to transition from grey hydrogen to green hydrogen

    "We aim to progressively commence transition from Grey Hydrogen to Green Hydrogen by 2025, after proving our cost and performance targets," said Mukesh Ambani during his AGM speech.

    15:45 (IST) 29 AUG 2022

    Mukesh Ambani on battery production

    "We see batteries as an integral part of providing long-duration energy storage...We aim to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell to pack manufacturing facility by 2024, and further scale up to 50 GWh annual capacity by 2027," Mukesh Ambani said.

    15:39 (IST) 29 AUG 2022

    Mukesh Ambani on solar energy

    For solar PV manufacturing, we have acquired REC Solar. Our 10GW solar PV cell and module factory at Jamnagar, based on REC technology, will commence production by 2024 and scale up to 20GW capacity by 2026: Mukesh Ambani.

    15:38 (IST) 29 AUG 2022

    Mukesh Ambani on green energy business

    Last year, I had announced setting up of Dhirubhai Ambani Green Energy Giga Complex in Jamnagar to establish four Giga Factories. Today, I would like to announce our new Giga Factory for Power Electronics: Mukesh Ambani

    15:17 (IST) 29 AUG 2022

    Mark Zuckerberg on the announcement of Jiomart-WhatsApp partnership

    Meta CEO Mark Zuckerberg in a Facebook post said "Excited to launch our partnership with JioMart in India. This is our first-ever end-to-end shopping experience on WhatsApp -- people can now buy groceries from JioMart right in a chat. Business messaging is an area with real momentum and chat-based experiences like this will be the go-to way people and businesses communicate in the years to come."

    15:15 (IST) 29 AUG 2022

    Isha Ambani on JioMart and WhatsApp partnership

    Isha Ambani said that the JioMart and WhatsApp partnership will aid growth. JioMart-Whatsapp users can use Whatsapp pay, cash on delivery and other payment methods.

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    स्रोत : indianexpress.com

    Retail to Isha, new energy to Anant: RIL chairman details succession plan

    Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm.

    Retail to Isha, new energy to Anant: RIL chairman details succession plan

    Retail to Isha, new energy to Anant: RIL chairman details succession plan Mukesh Ambani introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm

    Topics

    Mukesh Ambani | Isha Ambani | Reliance Retail

    Press Trust of India  |  Mumbai

    Last Updated at August 29, 2022 16:11 IST

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    Chairman Mukesh Ambani speaks at RIL's 45th AGM

    Reliance Industries Ltd

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    ALSO READ

    RIL AGM 2022: 5G in two months, FMCG business, other key announcements here

    RIL 45th Annual General Meeting 2022: What to expect; where to watch

    Mukesh Ambani's daughter Isha set to be named chairperson of retail unit

    What should investors expect from RIL's 45th AGM?

    RIL AGM 2022: Ambani to unveil 5G phone, spell out new, bigger energy plans

    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 hands-on leadership as before".

    At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines." Reliance has three broad businesses -- oil refining and petrochemicals, retail, and digital services that include telecom. Retail and digital services are housed in separate wholly-owned subsidiaries -- Jio Platforms and Reliance Retail Ventures Ltd (RRVL).

    The oil-to-chemical or O2C business is a functional division of Reliance. The new energy business is also with the parent firm.

    Just like his business, Ambani, 65, also has three children -- twins Akash and Isha, and youngest son Anant.

    "Akash and Isha have assumed leadership roles in Jio and Retail respectively. They have been passionately involved in our consumer businesses since inception," he said. "Anant has also joined our new energy business with great zeal. In fact, he is spending most of his time in Jamnagar." So far only Akash has been made functional head of a company, while the other two are on boards.

    "All three have fully inherited our founder's (Dhirubhai's) mindset. They are first among equals in a young team of leaders and professionals who are already doing amazing things at Reliance. Of course, all of them are being mentored on a daily basis by our senior leaders, including myself and the board of directors," he said.

    In June, Akash, 30, was made the chairman of Reliance Jio Infocomm Ltd, a subsidiary of Jio Platforms. Jio Infocomm is the firm that holds telecom licences but Mukesh Ambabi continues to be the chairman of Jio Platforms, the firm in which global technology giants like Google and Facebook owner Meta have invested.

    The senior Ambani also continues to head RRVL.

    At the AGM on Monday, Ambani introduced Isha as the leader of retail business as he invited her to give a presentation on integration of the e-commerce unit with WhatsApp and foray into FMCG (Fast Moving Consumer Goods).

    Later, he said Anant, 26, has joined the new energy business that spans solar, battery and hydrogen investments.

    Isha is married to Anand Piramal (son of Piramal Group's Ajay and Swati Piramal).

    Akash and Isha have been on the boards of RRVL -- the company that operates supermarkets offering consumer electronics, food and grocery, fashion, jewellery, footwear, and clothing, as well as online retail venture JioMart -- and digital arm Jio Platforms Ltd (JPL) since October 2014.

    Anant has recently been inducted as a director on RRVL. He has been a director on JPL since May 2020.

    The three businesses of Reliance are almost equal in size. While Akash and Isha have been both active in the group's new-age businesses of retail and telecom, Anant has been looking at the renewable energy of Reliance as a director.

    The announcement outlines a clear transfer of wealth by the 65-year-old tycoon, who was embroiled in a bitter inheritance dispute with his younger brother after their father died in 2002 without a will.

    Ambani, whose net worth is over USD 94 billion, continues to be the chairman and managing director of Reliance Industries Ltd. His wife Nita, 59, too is on board of Reliance.

    As per the company filings, the Ambani family's current stake in Reliance has risen to 50.6 per cent from 47.27 per cent in March 2019.

    Ambani first spoke of a succession plan at Reliance Family Day, which marks the birth anniversary of the group's founder Dhirubhai Ambani, on December 28 last year. Reliance, he had said, is "now in the process of effecting a momentous leadership transition".

    स्रोत : www.business-standard.com

    Reliance AGM 2022 Updates: RIL's 44th annual general meeting can be a mixed bag for investors

    Reliance AGM 2022 LIVE Updates: Mukesh Ambani’s Reliance Industries is all set for its 45th annual general meeting on Monday. The experts believe among other major announcements chairman Mukesh Ambani will shed light on new energy. The oil-to-consumer conglomerate may offer a road map on listing or strategic sale of businesses including clean energy or even come up with some big-bang announcement on it, something that may just disrupt the sector.Reliance's AGMs have been momentous in recent years which included big announcements like Reliance Jio that disrupted the telecom industry, launch of the Jio Phone with refundable deposits, Unveiling of the Rs 75,000 crore investment plan over three years in green energy. The chairman may share the specifics on the 75,000 crore rupees investment plan.

    Economic Times | 28 Aug, 2022 | 11:24PM IST

    Reliance AGM 2022 Updates: RIL's 44th annual general meeting can be a mixed bag for investors

    Reliance AGM 2022 LIVE Updates: Mukesh Ambani’s Reliance Industries is all set for its 45th annual general meeting on Monday. The experts believe among other major announcements chairman Mukesh Ambani will shed light on new energy. The oil-to-consumer conglomerate may offer a road map on listing or strategic sale of businesses including clean energy or even come up with some big-bang announcement on it, something that may just disrupt the sector.Reliance's AGMs have been momentous in recent years which included big announcements like Reliance Jio that disrupted the telecom industry, launch of the Jio Phone with refundable deposits, Unveiling of the Rs 75,000 crore investment plan over three years in green energy. The chairman may share the specifics on the 75,000 crore rupees investment plan.

    Show more 11:59 PM

    Wrap Up: Reliance Industries' 45th annual general meeting on Monday at 2 PM

    It will become one of the first companies globally to conduct its annual general meeting (AGM) simultaneously on a virtual reality platform, while also live broadcasting it on five leading social media platforms, in addition to the official JioMeet broadcast.

    Reliance AGM to focus on 5G

    There are expectaions on Jio and Reliance Retail IPOs

    Investors will also be looking for succession plans

    11:24 PM

    Big expectations

    Investors will look for updates around last year’s announced plans to build four giga-factories to make solar modules, hydrogen electrolyzers, fuel cells and storage batteries.

    11:04 PM

    What investors want to hear

    Investors will be looking more on Ambani's 5G plan such as nationwide rollout date, tariff plans for 5G services as well as where demand lies for the service.

    10:37 PM

    Will Mukesh Ambani say something on “internationalization of Reliance" this time?

    Ambani emphasized his vision for the “internationalization of Reliance” in his speech last year. In the past year, Reliance has made overtures toward big overseas deals like a potential acquisition of the British drugstore chain Boots, which was never completed. Investors will want to see if the appetite for global acquisitions still exists amid a slowing worldwide economy.

    10:06 PM

    What Mukesh Ambani had said about green energy business

    "Over the next 12 months, our investments across the green energy value chain will gradually start going live, scaling up over the next couple of years. This new growth engine holds great promise to outshine all our existing growth engines in just 5-7 years," Ambani had said in anote to shareholders in the company's annual report for FY22.

    09:41 PM

    Past AGM announcements by RIL

    09:16 PM

    How to get RIL AGM updates on Whatsapp?

    Reliance has activated its 7977111111 WhatsApp Chatbot for its 45th AGM for anyone to easily discover the dates and processes etc around the AGM. The chatbot, which can be activated with a simple 'hi' message to the given number, helps a user find details like the date and timing of the AGM, how to watch it live, how a shareholder can vote or ask questions etc.

    08:52 PM

    What to expect from RIL AGM

    08:26 PM

    Reliance may not announce IPOs during AGM

    The company is unlikely to provide a timeline for the demerger or the initial public offering (IPO) of its two entities Reliance Jio and Reliance Retail, reported ET Now. Reports of IPOs of RIL's retail and telecom business have been making rounds and it was speculated that Ambani could provide a clear roadmap over the disintegration of the conglomerate to unlock value.

    08:08 PM

    What to expect

    07:55 PM

    Mukesh Ambani may provide an update on the roles of Isha, Akash and Anant Ambani at the much-anticipated RIL AGM, according to ET Now.

    07:38 PM

    According to a report from ET Now, Reliance's AGM can be a mixed bag for investors as Chairman Mukesh Ambani is unlikely to spill the beans on demerger plans.

    07:21 PM

    Watch AGM in 3D

    According to reports, the AGM can be enjoyed by everyone on commonly used mobile or desktop screens, although specialized 3D VR eye-wear can enrich the experience to a large extent.

    07:01 PM

    All about Reliance AGM virtual reality (VR) platform I

    Powered by GMetri, the Reliance AGM virtual reality (VR) platform is designed for a user to virtually walk through a lounge, and explore business-wise highlights of the company's annual report 2021-22 in an interactive manner by entering and exiting different virtual rooms.GMetri is an easy-to-use no-code XR platform for businesses to create, share and track training modules, online stores, product showcases, and immersive tours. Extended Reality (XR) is an umbrella term encapsulating Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), and everything in between.

    स्रोत : economictimes.indiatimes.com

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