Reliance AGM 2024 LIVE: JioBrain AI launched, new JioTV+ offerings

Reliance AGM 2024 LIVE: RIL’s 47th AGM comes to an end. Reliance shares closed at ₹3,040.85 on the Bombay Stock Exchange (BSE) after today’s trading session, which is a gain of 1.51% or ₹45.10, compared to the previous close.

Reliance AGM 2024 LIVE: “Our New Energy business will be the new jewel in Reliance’s crown. I foresee it becoming as big and profitable over the next 5-7 years, as our O2C business which we had built over the past 40 years. And I am confident that Green fuels and AI-based solutions will become long-term growth engines for Reliance,” says Mukesh Ambani.

Reliance AGM 2024 LIVE: “Apart from setting up stores in India, we now plan to take Swadesh global with presence in the US and Europe as well. From Kashmir to Kanyakumari, and from Sikkim to Bhuj, the work and voices of our artists and artisans will now be seen and heard not just in India, but around the world,” says Nita Ambani

Reliance AGM 2024 LIVE: “It is our stated goal to make India a truly global sporting powerhouse. In pursuit of this goal, our focus has been to build a robust sporting ecosystem that supports our athletes right from grassroots to glory at the highest levels. It is imperative that we start training our children young. We need a movement to ensure that every child in our country has the Right to Sport, along with the Right to Education,” says Nita Ambani

Reliance AGM 2024 LIVE: “Jamnagar is the Energy Capital of the World. By 2025, Jamnagar will also become the cradle of our New Energy business. The Dhirubhai Ambani Green Energy Giga Manufacturing Complex will be the world’s largest, most modern, modular, and integrated ecosystem at a single location,” says Mukesh Ambani.

Reliance AGM 2024 LIVE: “By the end of this year, we will commence the production of our own solar photo voltaic (PV) modules. In the following quarters, we will complete the first phase of our integrated solar production facilities. This includes modules, cells, glass, wafer, ingot, and polysilicon, with an initial annual capacity of 10 GW,” says Mukesh Ambani

Reliance AGM 2024 LIVE: “Reliance is building India’s first world-class integrated Carbon Fibre plant at Hazira, which will rank among the top three units globally. We continue to expand our portfolio of composites of Carbon Fibre for use in the infrastructure sector,” says Mukesh Ambani.

Reliance AGM 2024 LIVE: “Over the past year, we faced a complex global landscape, characterised by geopolitical conflicts and weak economic growth in Western countries, leading to subdued demand. Despite these challenges, I am pleased to report that Reliance navigated through the headwinds to deliver industry leading performance. The O2C business achieved revenues of ₹5,64,749 crore ($67.9 billion) and an EBITDA of ₹62,393 crore ($7.5 billion) last year,” says Mukesh Ambani.

Reliance AGM 2024 LIVE: “We are also establishing 7-Eleven as a leading 24×7 convenience destination, offering localised fresh food and beverages tailored to the Indian palate,” says Isha Ambani

Reliance AGM 2024 LIVE: “Jio Phonecall AI can record and store any call in Jio Cloud and automatically transcribe it, which means automatically convert it from voice to text. It can also summarize the call, and even translate it into another language. This allows anyone to easily capture and access important voice conversations, making them searchable, shareable, and understandable across languages—all with just a few clicks,” says Akash Ambani

Reliance AGM 2024 LIVE: “JioTV+ brings all your entertainment—live TV, on-demand shows, and apps—together in one easy-to-use platform. With JioTV+, you get access to over 860 live TV channels, with all leading channels in stunning High Definition, plus the best content from apps like Amazon Prime Video, Disney+, and Hotstar—all in one place. And we’ve optimized JioTV+ for a super-fast channel switching experience,” says Akash Ambani.

Reliance AGM 2024 LIVE: Mukesh Ambani announces Jio will give 100 GB of free AI cloud storage to users from this Diwali.

“Thrilled to announce Jio AI-Cloud Welcome offer. Jio users will get up to 100 GB of free cloud storage, to securely store and access all their photos, videos, documents, all other digital content, and data. We plan to launch the Jio AI-Cloud Welcome offer starting Diwali this year, bringing a powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone everywhere,” says Mukesh Ambani.

Reliance AGM 2024 LIVE: “Now, AI has become integral to everything we do. We have rapidly augmented our talent and capabilities, embracing the latest in Generative AI. And we are embedding AI into all our processes and offerings, creating end-to-end workflows with real-time, data-driven insights and automation. This is helping us deliver smarter, more responsive services, to both internal users and customers. To streamline AI adoption, Jio is developing a comprehensive suite of tools and platforms that span the entire AI lifecycle. We call this Jio Brain,” says Mukesh Ambani

Reliance AGM 2024 LIVE: “We acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed. We are also targeting over 20 million small and medium businesses,” says Mukesh Ambani about JioAirFiber

Reliance AGM 2024 LIVE: “Jio has transformed India from 5G-dark to 5G-bright, creating one of the world’s most advanced 5G networks. Jio True 5G has also achieved the world’s fastest 5G adoption. In just two years, over 130 million customers have embraced Jio True 5G,” says Mukesh Ambani

Reliance AGM 2024 LIVE: “With our strategic investments, I can clearly see Reliance holding a position in the top-30 league in the near future,” Mukesh Ambani said. Reliance filed patents in 6G, 5G, AI-LLMs, deep learning, big data, narrowband iOT, etc.

Reliance AGM 2024 LIVE: Mukesh Ambani said Jio carries more than 8% of global data traffic, surpassing multiple international competitors

Reliance AGM 2024 LIVE: “I feel proud to inform you that last year Reliance filed over 2,555 patents, mainly in the areas of bio-energy innovations, solar and other green energy sources, and high-value chemicals,” said Mukesh Ambani.

RIL Chairman Mukesh Ambani’s address for the 47th Annual General Meeting has begun.

RIL reported a 11.5% increase in revenue for the first quarter of the financial year 2024-25, reaching ₹2.58 lakh crore compared to the same period last year, but net profit (before minority interest) decreased by 4.5% to ₹17,445 crore.

RIL to consider bonus issue in ratio of 1:1 on Sept 5

Reliance Industries Ltd (RIL) shares are trading at ₹3,054.20 on the Bombay Stock exchange (BSE) prior to the beginning of the AGM, which is a gain of 1.95% or ₹58.45.

RIL Chairman Mukesh Ambani will begin his address of the annual general meeting (AGM) at 2 pm