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RIL AGM: Mukesh Ambani seconds irked shareholder's view

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Jio GigaFiber service to launch on 5 Sept 2019

Speaking of the Oils to Chemicals business, Ambani announced that the company achieved revenue of ' Rs 5.7 lakh crore, exports of Rs 2.2 lakh crore and EBITDA of Rs 52,041 crore.

Ever since its launch on September 5, 2016, Reliance Jio has revolutionized the way Indians have consumed data.

Every registered Jio Fiber user under Jio Welcome Offer will get a free Full HD TV and free service for some months. The pricing will range between Rs 700 per month to Rs 10,000 per month. Jio said it will offer these tools starting at INR 1,500 per month to these enterprises. The company also promised data speeds going up to 1Gbps. Reliance Jio Directors Akash Ambani and Isha Ambani demonstrated major gaming capabilities of the Jio Set-Top Box during the AGM. Here's a look at what customers get with it.

With EDGE, India and its 1,600 cities will be among the first in the world for Indian residents to experience AR, VR and MR on Jio Fiber, according to Ambani.

Reliance Jio in collaboration with Tesseract has also developed the Jio HoloBoard as its native MR headset. The telco has already acquired controlling stakes in Hathway, DEN and GTPL. Tencent, Gameloft Microsoft, and others have announced that their games will be available on this set-top box. What's interesting is that the STB comes with an inbuilt graphics chipset.

This Set-Top Box can host console games such as Federation Internationale de Football Association 2019 and can pair with all popular controllers. The company enjoys the highest market share in Hyderabad in the wired broadband market and relies on the same fiber network infrastructure as RIL's upcoming Jio GigaFiber service. Jio also promises zero latency gaming with its set top box.

As part of this new agreement, Jio will move its internal workforce to productivity and collaboration tools available with Microsoft 365 and will migrate its non-network applications to the Microsoft Azure cloud platform. The company also plans to make voice calls free from homes to any network.But that's not the last of the perks of being a Jio Fribre customer.Come 2020, premium Jio Fibre users will also be able to watch movies at home on the first day of its release. At an additional cost of Rs 500, you can enjoy unlimited calls to the United States and Canada. Jio has not specified which OTT plans it will offer as yet. Customers opting for the annual plans will get a 4K set top box and HD or 4K LED TV or home PC for free.

Aramco will buy a 20% stake in the company's oil-to-chemicals business, including the 1.24 million-barrel-a-day Jamnagar refining complex on India's west coast, Reliance Chairman Mukesh Ambani said in Mumbai. "The DLT-based systems can be used by banks and other financial firms for processes such as loan-issuance tracking, collateral management, fraud detection and claims management in insurance and reconciliation systems in the securities market", the panel said in its report, while cautioning that scalability, transaction speed, cyber-security and data protection are key technological hurdles along with the issues regarding interoperability and integration into existing financial systems.

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