Mukesh Ambani's Virtual Address To Reliance Shareholders On 44th AGM: Highlights
Reliance Industries AGM 2021: Billionaire Mukesh Ambani-led Reliance Industries conducted its 44th annual general meeting (AGM) on Thursday, June 23. The annual general meeting of oil-to-telecom conglomerate RIL - was conducted through a video webcast for the second time in a row amid the COVID-19 pandemic. Reliance Industries announced a slew of plans for the company's future, including the introduction of the Saudi Aramco Chairman Yasir Al Rumayyan on the board of Reliance Industries, who will join as an independent director. (Also Read: $15 Billion Oil Deal With Aramco To Complete This Year: Mukesh Ambani )
Mukesh Ambani also announced that Reliance Jio and Google partnered to jointly develop an affordable smartphone – JioPhone Next, which supports the entire suite of applications from both Google and Jio, in a bid to provide easy access of information to people through the digital medium. JioPhone Next will be available in the market from September 10.
Mr Ambani also announced that Reliance will invest Rs 60,000 crore over the next three years on the clean energy business and will set up four giga factories in Jamnagar, Gujarat, aiming to contribute 100 giga watt of solar energy by 2030. Reliance's new energy business will be valued at Rs 75,000 crore within the next three years, according to the Chairman.
Here are the highlights of billionaire Mukesh Ambani-led Reliance Industries' 44th AGM 2021:
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.