Reliance AGM's BIG Announcements: 100 Gb Free Cloud Storage, AI Phone Call Service, 1:1 Bonus Shares

Reliance Industries Limited (RIL) has become the first Indian company to surpass Rs 10 lakh crore in annual revenue. This significant milestone was announced by RIL chairman Mukesh Ambani during the company's Annual General Meeting (AGM) held on Thursday. Amid this strong financial performance, Reliance Industries has announced that it will consider issuing 1:1 bonus shares during its board meeting scheduled for September 5, 2024. This means that for every share an investor holds, they would receive an additional share, effectively doubling their holding. Here are some key takeaways from the AGM.
The AGM event livestream opened with an AI-generated Mukesh Ambani almost-gliding through the stage. AI was a critical theme of the RIL AGM this year. in fact Mukesh Ambani announced, “we have built an AI native digital infrastructure for all Reliance businesses.” In fact he is making plans to take AI to the masses. He said "AI should not be a luxury..It should not be limited to only premium devices," says Ambani. Calling it "Connected Intelligence", Mr Ambani said AI should be available to all at low latency.
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