#reliance agm 2020 start time

[casualrebelpainter]

रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

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रिलायंस इंडस्ट्रीज की 43वीं एनुअल जनरल मीटिंग यानी एजीएम आज से शुरू होने वाली है। कोरोना संक्रमण के कारण इस बैठक को वर्चुअली आयोजित किया जाएगा। इस बैठक में कंपनी के चेयरमैन और एमडी मुकेश अंबानी के साथ एक लाख से ज्यादा शेयर होल्डर मौजूद रहेंगे। वहीं, इस…

[onlyhindinewstoday]

Reliance Agm 2020 43 Annual General Meeting Start Today All You Need To Know In Detail - रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

Reliance Agm 2020 43 Annual General Meeting Start Today All You Need To Know In Detail – रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

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रिलायंस इंडस्ट्रीज की 43वीं एनुअल जनरल मीटिंग यानी एजीएम आज से शुरू होने वाली है। कोरोना संक्रमण के कारण इस बैठक को वर्चुअली आयोजित किया जाएगा। इस बैठक में कंपनी के चेयरमैन और एमडी मुकेश अंबानी के साथ एक लाख से ज्यादा शेयर होल्डर मौजूद रहेंगे। वहीं, इस बैठक…

[vilaspatelvlogs]

रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

रिलायंस इंडस्ट्रीज की 43वीं एजीएम आज, हो सकते हैं कई बड़े एलान

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रिलायंस इंडस्ट्रीज की 43वीं एनुअल जनरल मीटिंग यानी एजीएम आज से शुरू होने वाली है। कोरोना संक्रमण के कारण इस बैठक को वर्चुअली आयोजित किया जाएगा। इस बैठक में कंपनी के चेयरमैन और एमडी मुकेश अंबानी के साथ एक लाख से ज्यादा शेयर होल्डर मौजूद रहेंगे। वहीं, इस…

[techcrunchappcom]

New Post has been published on https://techcrunchapp.com/jiomarts-expansion-to-trigger-a-wave-of-consolidation-technology-news-ettech/

JioMart's expansion to trigger a wave of consolidation, Technology News, ETtech

JioMart’s entry into multiple categories across the technology spectrum is expected to trigger more consolidation talk in the Indian startup ecosystem, according to investors and founders.

“As the market consolidates, we will see increased M&A and buyout activity by the three players — Flipkart, Amazon, and Jio — to strengthen their capabilities in certain niches, or to catch up with competition,” said Ashish Sharma, managing director at InnoVen Capital. “We may also see more strategic partnerships like what we saw with Facebook and Jio.”

Several venture capitalists as well as founders echoed a similar sentiment.

“Now, it’s time to consolidate and take a position…Reliance’s announcements just speed up the process,” said a top venture capitalist.

ET reported earlier that a significant uptick in mergers and acquisitions is anticipated in India’s startup ecosystem over the next three to six months, as companies and their investors gear up for a year starved of both capital and revenue due to the Covid-19 pandemic.

“Jio’s announcement of the way it will support and grow the startup ecosystem is just the stimulus that India needed. Finally, we have intent and commitment from a player of scale that can take other home-grown brands to the world,” said Girish Shivani, executive director at YourNest Venture Capital.

On Tuesday, homegrown etailer Flipkart Group’s CEO Kalyan Krishnamurthy had claimed that the Bengaluru-based company, owned by US-based Walmart Inc, was the market leader in online fashion and electronics retail.

Separately, JioMart, an online selling channel of Mukesh Ambani-owned Reliance Retail, plans to expand beyond grocery into segments such as fashion and electronics, which will further intensify competition with ecommerce market leaders Amazon and Flipkart, since both these categories are the largest in terms of sales for the two online retailers.

Read: ETtech Top 5: Key announcements from Reliance Industries AGM 2020

Over the last few years, Reliance has been an active player in the buyout tables, either outrightly acquiring, or investing in, at least 20 home-grown startups, including educational technology platform Embibe, conversational AI platform Haptik, and O2O commerce platform Fynd, among others. It has also partnered with NetMeds for the delivery of medicines.

“Jio has shown its commitment to Indian startups in the last couple of years and partnered with almost 6-7 startups. This is the start of an era wherein a large domestic player is creating a local ecosystem benefitting a whole range of startups, from financial services to internet-only businesses,” said Jitendra Gupta, CEO of digital banking startup Jupiter Money.

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[thetechmedia1]

Reliance Jio sees massive jump in profits, ARPU amid an overall blockbuster earnings result for Reliance

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Reliance Industries managed to beat analysts’ predictions, and went on to secure a gigantic ₹13,233 crores in profit in its first quarter of 2020, despite the pandemic. Experts had suggested a figure that would be somewhere around ₹7500 crores, which was proven wrong, mostly due to a massive one time gain from a ₹4,966 crore deal with global oil major BP, which plans to buy 49% stake in the company’s oil business.

While the profits increased by over 31 per cent annually from ₹10,104 crore in Q1 2019, revenue took a massive dip of 44 per cent and stood at ₹91,238 crore, as “coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity,” the company stated.

While all other aspects of Reliance’s business registered some ups and downs, Jio managed to do nothing but grow, and saw its profits growing from ₹891 crore a year ago, to ₹2,520 crore by the end of June 30, almost tripling in amount. Compared to the March quarter which brought ₹2,331 crore to the company, this was an 8.1% jump. Moreover, it also managed to increase ‘Jio’s average revenue per user’, from ₹130.60 per month during the previous quarter to ₹140.30 per month this time around.

Jio, which also started its transition into a technology led platform, raised Rs 1,52,056 crore during the quarter, which played a huge part in Reliance achieving ‘debt free’ status this year. The announcement was made at the AGM meeting this year, where the company announced various measures that would facilitate Jio’s involvement in multiple sectors throughout the country, including education streaming and online retail.

During the quarter, JioMart beta version was launched in 200 cities to meet consumer needs, which has managed to gather great response. JioMeet, Reliance’s answer to Zoom, also managed to perform really well, and has managed to gain 1Million+ downloads in a short amount of time.

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[thetechmedia1]

Jio announces a new mixed reality headset named ‘Jio Glass’ at AGM

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Jio made a series of announcements at today’s AGM meeting that showcased why the company was raising all this capital, none of which were more ‘bizzare’ than the Jio Glass. Taking a page out of its newest partner’s book, the company announced Jio Glass, a way to ‘live’ the internet, instead of surfing it.

These augment reality glasses can be connected to your phone through a wire, upon which the user will gain access to 25 different apps and enter the world of internet in a VR like scenario. What’s better, contrary to Google glass, Jio’s device actually looks pretty sleek and will not invite bullies to make fun of you, which is a win-win scenario.

The demo showcased the power of the glasses, where the wearer was interacting with his colleagues who were on the glass as well. In a holographic video conference, the demonstrator was able to either see the video participants in 3D, appearing in a digital avatar that resembles the owner of the glasses, or 2D, much like a normal video call which appears as a pop up on the screen.

Moreover, presenters were able to project diagrams and perform animations during the call, with a seamless interface that has the potential to change how presentations work.

If you thought that was impressive, wait till the glasses take you to a tour of the Taj Mahal from the comfort of your home. Using the glasses, you can visit real life places and ‘travel’ while sitting in your living room. From the looks of it, the feature looks to be more than a mere background change and can revolutionize the way we teach our children geography.

“Jio Glass is making teachers and students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With JioGlass, the traditional way of learning Geography will now be History”, said Akash Ambani, Director at Reliance Jio.

But whether this experiment with glasses goes far enough remains to be seen. After all Google, Jio’s latest investor, too tried its hands at similar tech eyewear and failed miserably at that attempt. Microsoft’s Hololens, though futuristic, couldn’t take off either. But the one thing going for Jio Glass, is perhaps the market where it is launching. India is a vast market, and has a gargantuan internet user base, the size of which is much larger than the entire population of United States. Thus Jio Glass, if played right, could actually become the technology success that the eyewear industry has so desperately waited for.

There is no official word on availability yet, so we will have to wait for that. But the company is inviting developers to start building apps and monetizing them right away, starting today.

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