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45th Reliance AGM Meet 2022: New announcement, key points, and highlights

Mukesh Ambani

Reliance Jio to roll out 5G in major Indian cities by October 2022.
Mukesh Ambani addressed the shareholders via video conferencing on Jio’s website and social media handles at the 45th Annual General Meeting of Reliance Industries Limited (RIL) at 2 pm.

Reliance Industries Limited Chairman & MD Mukesh Ambani announced a 5G rollout plan – “Reliance Jio has prepared the world’s fastest 5G rollout plan. By Diwali 2022 we’ll launch Jio 5G across multiple key cities, including metro cities of Delhi, Mumbai, Chennai & Kolkata,” said Mukesh Ambani.

What is Reliance AGM Meet?



Reliance AGM Meet is a live event that addresses shareholders via video conferencing and an interactive three-dimensional (3D) metaverse zone. The event has been organized digitally for the past two years due to the Covid-19 pandemic.

Reliance AGM Meet 2022: New announcements

Reliance AGM Meet 2022: New announcements



Jio introduced the ‘world’s largest, ‘standalone’ Jio 5G services.
The length of Jio’s optic fibre is 1.1 million kilometres.
Union communications and information technology minister Ashwini Vaishnav stated that the government will roll out 5G services in India by October.
Mukesh Ambani claims that Reliance added 223K new jobs in India.
Reliance is committed to investing Rs 2000 billion investment in 5G network expansion.
Jio True 5G will have a broadband speed of 1 gigabyte per second, making it faster than many other networks.
Jio will be partnering with Meta, Google, Microsoft and Intel for cutting-edge technology and cloud data.
Jio will make India a data-powered economy, claims Mukesh Ambani.

Reliance AGM Meet 2022: Key points

In 2021, the RIL tapped into the green energy sector with a budget of Rs 750 billion.
In 2020, the company’s most crucial announcement was the installation of Google as a minority investor in the company.
Jio Book Laptop did not get launched on
Krishna Godavari Dhirubhai-6 will account for India’s 30% of total gas production.
Jio is collaborating with Qualcomm for the latest 5G adoption.

Qualcomm’s Cristiano Amon shared the stage with Mukesh Ambani and talked about the partnership for the next generation of networks.

Cristiano Amon stated that mmWave will be a critical component of 5G for enabling a broadband-like fibre experience. He also said that the 5G rollout is a top priority.
5G networks are likely to introduce first in 13 major cities such as Bengaluru Delhi, Gandhinagar, Chandigarh, Ahmedabad, Gurugram, Mumbai, Pune, Hyderabad, Chennai, Jamnagar, Kolkata, and Lucknow.

Continue reading “45th Reliance AGM Meet 2022: New announcement, key points, and highlights”
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Indian big bull bows out

Rakesh jhunjhunwala

Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning at the age of 62. Jhunjhunwala died at 6.45 am in Mumbai and was brought dead to Breach Candy Hospital, according to the reports.

He was often referred as the “Big Bull” and “Warren Buffet” of the Indian stock market.

Jhunjhunwala was a stock market trader and chartered accountant. He was also the chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.

Jhunjhunwala was the founder of India’s newest airline Akasa Air, which launched services in the Bengaluru-Kochi-Bengaluru sector from Cochin International Airport Limited (CIAL) on Friday (August 12).

He had teamed up with ex-Jet Airways CEO Vinod Dube and former IndiGo head Aditya Ghosh to set up the airline.

The self-made businessman was the son of an Income Tax (I-T) officer and is survived by his wife — Rekha — and three children.

Prime minister expressed grief over his demise. PM Modi said, “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.”

Union Minister Smriti Irani
Minister of Women and Child Development of India expressed

Here are 10 top quotes by Rakesh Jhunjhunwala that that will continue to inspire investors:

Nobody can predict the weather, death, market and women. Market is like a woman, always commanding, mysterious, uncertain and volatile. You can never really dominate a woman and likewise you cannot dominate the market

Always go against tide. Buy when others are selling and sell when others are buying

Never invest at unreasonable valuations. Never run for companies which are in limelight

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it

You do not succeed without obsession
Prepare for losses. Losses are part and parcel of stock market investor life
Growth comes out of chaos

Hastily taken decisions always result in heavy losses. Take your time before putting money in any stock

Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible

Stock markets are always right. Never time the market

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Russia-Ukraine crisis live updates: Air India flight brings back 242 from Ukraine

The US and EU have slapped sanctions that makes it difficult for Russia to avail western financing or access to markets. The move follows Russia recognising independence for two regions of eastern Ukraine and ordering troops to move in there. An Air India flight landed in Delhi on Tuesday night with 242 passengers from Kyiv.

Air India special flight AI-1946 from Kyiv landed at Delhi airport with around 242 passengers at 11:30pm

Air India flight brings back 242 Indians from Ukraine