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Moving ahead from the big 5G push from Jio, the Ambani family told RIL shareholders that soon FMCG will also be added to the Reliance pack as it gets set to take the foreign multinationals such as HUL, P&G and Nestle head-on in the consumer goods market."I am excited to announce that this year, we will launch our fast-moving consumer goods business. The objective of this business is to develop and deliver high quality, affordable products which solve every Indian's daily needs," Isha Ambani, director of Reliance Retail. As per reports the companies preparations for an all out invasion in the consumer goods space has been in the works for some quarters. During FY22, to strengthen its manpower, Reliance Retail added more than 150,000 new employees - taking the total headcount to 361,000.In FY2021-22 alone, the group acquired or invested in fashion brands like Abu Jani Sandeep Khosla, Abraham & Thakore, ak-ok, Rahul Mishra and women’s intimate wear brand Clovia.

RIL announces FMCG foray at AGM: What you need to know

Reliance to take on HUL, Nestle, P&G as Isha Ambani announces FMCG foray

I am excited to announce that this year, we will launch our fast-moving consumer goods business: Isha Ambani

Moving ahead from the big 5G push from Jio, the Ambani family told RIL shareholders that soon FMCG will also be added to the Reliance pack as it gets set to take the foreign multinationals such as HUL, P&amp;G and Nestle head-on in the consumer goods market. "I am excited to announce that this year, we will launch our fast-moving consumer goods <a href="https://www.editorji.com/business-news/byju-s-now-questioned-by-the-govt-where-are-your-audited-earnings-1661483473211">business</a>. The objective of this business is to develop and deliver high quality, affordable products which solve every Indian's daily needs," Isha Ambani, director of Reliance Retail.&nbsp; As per reports, the companies' preparations for an all-out invasion in the consumer goods space has been in the works for some quarters. During FY22, to strengthen its manpower, <a href="https://www.editorji.com/business-news/reliance-to-balenciaga-to-india-1659686187285">Reliance</a> Retail added more than 150,000 new employees - taking the total headcount to 361,000. In FY2021-22 alone, the group acquired or invested in fashion brands like Abu Jani Sandeep Khosla, Abraham &amp; Thakore, ak-ok, Rahul Mishra and women&rsquo;s intimate wear brand Clovia.
Read More:- <a href="https://www.editorji.com/business-news/explained-why-google-removed-over-2000-loan-apps-from-india-play-store-1661487880755">Explained: Why Google removed over 2000 loan apps from India Play Store</a> &nbsp;

Mukesh Ambani on Jio: Proud to say that there are 421 million subscribers of Jio broadband services. Jio 5G will be a game-changer, we can leap frog for the small retailers, MSMEs and give them the same digital transformation only enjoyed by a few right now. Jio 5G will be the world's most advanced version in the world. Aim to make India digital leader in 5G. Have committed Rs 2 lakh crore to 5G rollout. By Diwali Jio 5G will be launched in key cities across India. 

RIL 45th AGM: Ambani says Jio's 'true 5G' this Diwali, Meet Jio Air Fibre

Mukesh Ambani promises that Indians will get 'true 5G' this Diwali

RIL 45th AGM: Mukesh Ambani says Jio 5G this Diwali

By Dec&rsquo;23, we will deliver 5G to every town of India, said Mukesh Ambani

Addressing lakhs of shareholders at RIL's 45th Annual General Meeting (AGM) Mukesh Ambani kick started with the big push for Jio. Calling it the 'True 5G' on Jio and branding it Jio Air Fibre. Mukesh Ambani said io 5G will be a game-changer, we can leap frog for the small retailers, MSMEs and give them the same digital transformation only enjoyed by a few right now. Focussing on delivering solution, Ambani reiterated that <a href="https://www.editorji.com/business-news/5g-explained-why-are-adani-and-ambani-fighting-over-it-1658815044317">Jio 5G</a> will be the world's most advanced version in the world that&nbsp; aims to make India digital leader in 5G. Sharheolders were also told that the telecom leader has committed Rs 2 lakh crore to the 5G rollout. So when can you expect to connect to Jio 5G, well <a href="https://www.editorji.com/business-news/mukesh-ambani-takes-zero-salary-for-the-second-year-in-a-row-here-s-why-1659957170572">Mukesh Ambani</a> promised that it is will be a Diwali Dhamka as roll-out is expected for most cities by end October.&nbsp;
Read More:-<a href="https://www.editorji.com/business-news/another-air-scare-indigo-flight-incident-to-be-probed-by-dgca-1661144178296"> Another 'air scare': Indigo flight incident to be probed by DGCA</a> &nbsp;

Reliance shareholders got a surprise visit from Google Chief Sundar&nbsp;Pichai at RIL's 44th AGM as Mukesh&nbsp;Ambani&nbsp;announced the much awaited Google-Jio&nbsp;phone&nbsp;christened JioPhone&nbsp;Next which will be available from September 10 at a shop near you.&nbsp;But the connect with Google is going beyond the phone, addressing the RIL&nbsp;AGM&nbsp;Sundar&nbsp;Pichai&nbsp;announced a new 5G partnership between Google Cloud and Jio. Pichai&nbsp;said "This Jio&nbsp;partnership will help more than a billion Indians connect to a faster internet, support businesses in digital transformation and lay foundation for next phase of India&rsquo;s digitization."Mukesh&nbsp;Ambani&nbsp;reiterated Jio's commitment to affordable internet&nbsp;for all which he said can be done only "when&nbsp;India becomes 4G mukt&nbsp;and 5G rich".

RIL-Google Connect, phone launch and cloud connection announced by Ambani, Pichai at AGM

Reliance shareholders got a surprise visit from Google Chief Sundar&nbsp;Pichai at RIL's 44th AGM as Mukesh&nbsp;Ambani&nbsp;announced the much awaited Google-Jio&nbsp;phone&nbsp;christened JioPhone&nbsp;Next which will be available from September 10 at a shop near you.&nbsp; But the connect with Google is going beyond the phone, addressing the RIL&nbsp;AGM&nbsp;Sundar&nbsp;Pichai&nbsp;announced a new 5G partnership between Google Cloud and Jio. Pichai&nbsp;said "This Jio&nbsp;partnership will help more than a billion Indians connect to a faster internet, support businesses in digital transformation and lay foundation for next phase of India&rsquo;s digitization." Mukesh&nbsp;Ambani&nbsp;reiterated Jio's commitment to affordable internet&nbsp;for all which he said can be done only "when&nbsp;India becomes 4G mukt&nbsp;and 5G rich".

RIL-Google Connect, phone launch and cloud connection announced by Ambani, Pichai

Reliance shareholders got a surprise visit from Google Chief Sundar&nbsp;Pichai at RIL's 44th AGM as Mukesh&nbsp;Ambani&nbsp;announced the much awaited Google-Jio&nbsp;phone&nbsp;christened JioPhone&nbsp;Next which will be available from September 10 at a shop near you.&nbsp; But the connect with Google is going beyond the phone, addressing the RIL&nbsp;AGM&nbsp;Sundar&nbsp;Pichai&nbsp;announced a new 5G partnership between Google Cloud and Jio. Pichai&nbsp;said "This Jio&nbsp;partnership will help more than a billion Indians connect to a faster internet, support businesses in digital transformation and lay foundation for next phase of India&rsquo;s digitization." Mukesh&nbsp;Ambani&nbsp;reiterated Jio's commitment to affordable internet&nbsp;for all which he said can be done only "when&nbsp;India becomes 4G mukt&nbsp;and 5G rich".

In a move that RIL shareholders were anticipating Mukesh Ambani assured investors at the AGM&nbsp;that the with global oil giant Aramco&nbsp;will be finalised within this year. To showcase this commitment of partnership Reliance also inducted&nbsp;Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the kingdom&rsquo;s wealth fund Public Investment Fund, as a director on its board.RIL chairman Mukesh Ambani had announced selling company&rsquo;s 20% stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to Aramco during the 2019 AGM, but the deal could not move forward due to multiple reasons.

RIL AGM: Aramco chief steps into Reliance board, Aramco deal this year

In a move that RIL shareholders were anticipating Mukesh Ambani assured investors at the AGM&nbsp;that the with global oil giant Aramco&nbsp;will be finalised within this year. To showcase this commitment of partnership Reliance also inducted&nbsp;Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the kingdom&rsquo;s wealth fund Public Investment Fund, as a director on its board. RIL chairman Mukesh Ambani had announced selling company&rsquo;s 20% stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to Aramco during the 2019 AGM, but the deal could not move forward due to multiple reasons.

In a move that RIL shareholders were anticipating Mukesh Ambani assured investors at the AGM&nbsp;that the deal with global oil giant Aramco&nbsp;will be finalised within this year. To showcase this commitment of partnership Reliance also inducted on the RIL&nbsp;board&nbsp;Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the kingdom&rsquo;s wealth fund Public Investment Fund. RIL chairman Mukesh Ambani had announced selling company&rsquo;s 20% stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to Aramco during the 2019 AGM, but the deal could not move forward due to multiple reasons.

RIL AGM is undoubtedly the most watched date in the corporate calendar as&nbsp;3 million Reliance shareholders await&nbsp;Mukesh Ambani&nbsp;to talk about Jio, Aramco,&nbsp;Retail&nbsp;and the road ahead.&nbsp;So,&nbsp;what can one expect from India&rsquo;s largest company at&nbsp;it&rsquo;s&nbsp;44th&nbsp;AGM on June 24?&nbsp;&nbsp;Reliance: The Year That Was&nbsp;&nbsp;India&rsquo;s largest company displayed&nbsp;it&rsquo;s&nbsp;business grit to turn debt-free even in a pandemic. Keeping to his promise Mukesh Ambani steered Reliance into a zero-debt company by raising&nbsp;₹2.6 lakh crore ($36 billion); Reliance Retail raised Rs 47,265 crore for a 10.09%, while Jio Platforms garnered Rs 1.52 lakh crore from global investors including Google, Facebook and Intel.&nbsp;The stock of RIL has rallied 12.1 percent&nbsp;so far in 2021. In the last 12 months, it has&nbsp;climbed 34.4 percent.&nbsp;&nbsp;All Eyes on Aramco Deal&nbsp;Mukesh Ambani announced a possible stake sale&nbsp;of 20% in the oil-to-chemicals (O2C) business to Aramco but the deal remains delayed.&nbsp;Shareholders&nbsp;are expecting to hear details on the value unlocking as buzz increases that Aramco chief will get a seat on the RIL board&nbsp;&nbsp;&nbsp;The Jio Connect, 5G Phone &amp;&nbsp;JioBook&nbsp;Its&nbsp;all about the tech connect as Asia&rsquo;s richest man will look to sweep the market with a slew of announcements. Onlookers are keenly awaiting&nbsp;is Mukesh Ambani will finally launch the much talked about affordable 5G Android smartphone.&nbsp;During a virtual conference with select reporters from the Asia Pacific recently, Sundar Pichai mentioned that Google is working closely with the telecom giant to bring the promised "affordable" smartphone in India.&nbsp;&nbsp;Reliance Jio has already started trials on&nbsp;it&rsquo;s&nbsp;5G &ldquo;Made in India&rdquo; network&nbsp;is likely to announce kickstarting 5G services which might begin in late 2021.&nbsp;Tech watchers are also expecting the launch of the&nbsp;JioBook, the affordable laptop from the house of Reliance.&nbsp;&nbsp;&nbsp;Reliance&rsquo;s Rush&nbsp;For&nbsp;Retail&nbsp;&nbsp;Analysts at Goldman Sachs believe retail business (including e-commerce) is set to be the next growth engine for Reliance. They expect Reliance&rsquo;s core retail revenue to grow at a 36% CAGR over the next four years.&nbsp;JioMart&nbsp;is expected to launch new products like financial services, electronics to airline tickets which will put it in direct competition with upcoming Tata&nbsp;Superapp&nbsp;and other established players including&nbsp;PayTM, Amazon and Flipkart.&nbsp;&nbsp;Bonus Booster?&nbsp;Announcement over dividend declaration and bonus can also be expected in this AGM. Reliance likes to keep the market price of shares around ₹1,000 so the street anticipates it might get to see a 1:1 bonus announcement.&nbsp;&nbsp;How to watch the Reliance AGM 2021 live&nbsp;The annual general meeting of Reliance, whenever held physically in the last few years, marked the presence of at least 3,000 shareholders. In 2020, when it was held virtually, it witnessed 300,000 viewers across 42 countries and 468 cities, many of them using Reliance&rsquo;s own&nbsp;JioMeet video conferencing platform.&nbsp;&nbsp;&nbsp;

RIL AGM: Mukesh Ambani's lunch date with shareholders, on the menu Jio 5G phone, Aramco, bonus

RIL AGM&nbsp;countdown: Mukesh&nbsp;Ambani has a virtual lunch date with over 3 million shareholders , here is a look on what's on the menu of RIL's&nbsp;44th AGM&nbsp; #RILAGM&nbsp;#RelianceAGM&nbsp;#JioPhone&nbsp;#Aramco&nbsp;#MukeshAmbani

RIL AGM is undoubtedly the most watched date in the corporate calendar as&nbsp;3 million Reliance shareholders await&nbsp;Mukesh Ambani&nbsp;to talk about Jio, Aramco,&nbsp;Retail&nbsp;and the road ahead.&nbsp;So,&nbsp;what can one expect from India&rsquo;s largest company at&nbsp;it&rsquo;s&nbsp;44th&nbsp;AGM on June 24?&nbsp; &nbsp; Reliance: The Year That Was&nbsp;&nbsp; India&rsquo;s largest company displayed&nbsp;it&rsquo;s&nbsp;business grit to turn debt-free even in a pandemic. Keeping to his promise Mukesh Ambani steered Reliance into a zero-debt company by raising&nbsp;₹2.6 lakh crore ($36 billion); Reliance Retail raised Rs 47,265 crore for a 10.09%, while Jio Platforms garnered Rs 1.52 lakh crore from global investors including Google, Facebook and Intel.&nbsp;The stock of RIL has rallied 12.1 percent&nbsp;so far in 2021. In the last 12 months, it has&nbsp;climbed 34.4 percent.&nbsp; &nbsp; All Eyes on Aramco Deal&nbsp; Mukesh Ambani announced a possible stake sale&nbsp;of 20% in the oil-to-chemicals (O2C) business to Aramco but the deal remains delayed.&nbsp;Shareholders&nbsp;are expecting to hear details on the value unlocking as buzz increases that Aramco chief will get a seat on the RIL board&nbsp;&nbsp; &nbsp; The Jio Connect, 5G Phone &amp;&nbsp;JioBook&nbsp; Its&nbsp;all about the tech connect as Asia&rsquo;s richest man will look to sweep the market with a slew of announcements. Onlookers are keenly awaiting&nbsp;is Mukesh Ambani will finally launch the much talked about affordable 5G Android smartphone.&nbsp;During a virtual conference with select reporters from the Asia Pacific recently, Sundar Pichai mentioned that Google is working closely with the telecom giant to bring the promised "affordable" smartphone in India.&nbsp;&nbsp; Reliance Jio has already started trials on&nbsp;it&rsquo;s&nbsp;5G &ldquo;Made in India&rdquo; network&nbsp;is likely to announce kickstarting 5G services which might begin in late 2021.&nbsp; Tech watchers are also expecting the launch of the&nbsp;JioBook, the affordable laptop from the house of Reliance.&nbsp;&nbsp; &nbsp; Reliance&rsquo;s Rush&nbsp;For&nbsp;Retail&nbsp;&nbsp; Analysts at Goldman Sachs believe retail business (including e-commerce) is set to be the next growth engine for Reliance. They expect Reliance&rsquo;s core retail revenue to grow at a 36% CAGR over the next four years.&nbsp;JioMart&nbsp;is expected to launch new products like financial services, electronics to airline tickets which will put it in direct competition with upcoming Tata&nbsp;Superapp&nbsp;and other established players including&nbsp;PayTM, Amazon and Flipkart.&nbsp; &nbsp; Bonus Booster?&nbsp; Announcement over dividend declaration and bonus can also be expected in this AGM. Reliance likes to keep the market price of shares around ₹1,000 so the street anticipates it might get to see a 1:1 bonus announcement.&nbsp; &nbsp; How to watch the Reliance AGM 2021 live&nbsp; The annual general meeting of Reliance, whenever held physically in the last few years, marked the presence of at least 3,000 shareholders. In 2020, when it was held virtually, it witnessed 300,000 viewers across 42 countries and 468 cities, many of them using Reliance&rsquo;s own&nbsp;JioMeet video conferencing platform.&nbsp; &nbsp; &nbsp;

The much awaited RIL&nbsp;AGM&nbsp;scheduled on June 24 has a lot on the agenda for shareholders including potentially an Aramco&nbsp;representation on the RIL&nbsp;board.&nbsp;Reports state that&nbsp;Saudi Aramco&nbsp;Chairman&nbsp;Yasir Al-Rumayyan may be joining the&nbsp;board of&nbsp;Reliance Industries&nbsp;(RIL).&nbsp;Yasir Al-Rumayyan&nbsp;is also the Governor of&nbsp;of the Kingdom&rsquo;s wealth fund &mdash; Public Investment Fund (PIF) that has already&nbsp;picked up minority stake in Reliance Retail and Jio.Mukesh Ambani&nbsp;in 2019 has announced talks for the sale of 20% stake in the oil-to-chemical&nbsp;business to the world&rsquo;s largest oil exporter Aramco. The deal which has been delayed for undisclosed reasons was announced in the 2019 AGM.&nbsp; At the point the O2C biz was valued at $75 billion.&nbsp;&nbsp;

Reliance AGM: Here is what to expect from $15 billion proposed Aramco-RIL deal 

Over 3 million shareholders await keenly for the #RILAGM&nbsp;on June 24, The $15 billion #Aramco&nbsp;deal could finally kick off. Here is what to expect from #MukeshAmbani&nbsp;

The much awaited RIL&nbsp;AGM&nbsp;scheduled on June 24 has a lot on the agenda for shareholders including potentially an Aramco&nbsp;representation on the RIL&nbsp;board.&nbsp; Reports state that&nbsp;Saudi Aramco&nbsp;Chairman&nbsp;Yasir Al-Rumayyan may be joining the&nbsp;board of&nbsp;Reliance Industries&nbsp;(RIL).&nbsp;Yasir Al-Rumayyan&nbsp;is also the Governor of&nbsp;of the Kingdom&rsquo;s wealth fund &mdash; Public Investment Fund (PIF) that has already&nbsp;picked up minority stake in Reliance Retail and Jio. Mukesh Ambani&nbsp;in 2019 has announced talks for the sale of 20% stake in the oil-to-chemical&nbsp;business to the world&rsquo;s largest oil exporter Aramco. The deal which has been delayed for undisclosed reasons was announced in the 2019 AGM.&nbsp; At the point the O2C biz was valued at $75 billion.&nbsp; &nbsp;

Reliance Jio&nbsp;has kicked off it's 5G trial in Mumbai&nbsp;using equipment that is 'Made In India'.&nbsp;India's largest telecom&nbsp;network provider is looking to launch the 5G network in India by June 24 as per reports.&nbsp;Samsung, Ericsson and Nokia&nbsp;are said to be working with Mukesh&nbsp;Ambani&nbsp;promoted Jio&nbsp;to launch the 5G network across the nation.&nbsp;Jio had applied for trials in Delhi, Mumbai, Gujarat and Hyderabad.&nbsp;There is a buzz on Dalal&nbsp;Street that&nbsp;Jio is expected to officially launch it's 5g network on&nbsp;June 24th during its Annual General Meeting (AGM). Department of Telecom&nbsp;had given permission to&nbsp;Airtel, Reliance Jio, VI, and MTNL to test out 5G networks in India. Jio&nbsp;is likely to be the first to roll it out.&nbsp;

Jio 5G trial starts in Mumbai with Made In India equipment

Reliance Jio&nbsp;has kicked off it's 5G trial in Mumbai&nbsp;using equipment that is 'Made In India'.&nbsp;India's largest telecom&nbsp;network provider is looking to launch the 5G network in India by June 24 as per reports.&nbsp; Samsung, Ericsson and Nokia&nbsp;are said to be working with Mukesh&nbsp;Ambani&nbsp;promoted Jio&nbsp;to launch the 5G network across the nation.&nbsp;Jio had applied for trials in Delhi, Mumbai, Gujarat and Hyderabad.&nbsp; There is a buzz on Dalal&nbsp;Street that&nbsp;Jio is expected to officially launch it's 5g network on&nbsp;June 24th during its Annual General Meeting (AGM). Department of Telecom&nbsp;had given permission to&nbsp;Airtel, Reliance Jio, VI, and MTNL to test out 5G networks in India. Jio&nbsp;is likely to be the first to roll it out.&nbsp;

Reliance Jio&nbsp;has kicked off it's 5G trial in Mumbai&nbsp;using equipment that is 'Made In India'.&nbsp;India's largest telecom&nbsp;network provider is looking to launch the 5G network in India by June 24 as per reports.&nbsp; Samsung, Ericsson and Nokia&nbsp;are said to be working with Mukesh&nbsp;Ambani&nbsp;promoted Jio&nbsp;to launch the 5G network across the nation.&nbsp;Jio had applied for trials in Delhi, Mumbai, Gujarat and Hyderabad.&nbsp; There is a buzz on Dalal&nbsp;Street that&nbsp;Jio is expected to officially launch it's 5g network on&nbsp;June 24th during its Annual General Meeting (AGM). Department of Telecom&nbsp;had given permission to&nbsp;Airtel, Reliance Jio, VI, and MTNL to test out 5G networks in India. Jio&nbsp;is likely to be the first to roll it out.&nbsp;

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