INSUBCONTINENT EXCLUSIVE:
Mukesh Ambani-led Reliance Industries ruled higher today ahead of the 41st Annual General Meeting (AGM) of shareholders of the company
The AGM will kick off around 11 am at Birla Matushri Sabhagar in Mumbai
The scrip was up 1 per cent at Rs 999.75 at around 9.45 am
The BSE Sensex went up 11 points at 35,656 at around the same time.
Chairman and Managing Director Mukesh Ambani is expected to announce the
commercial launch of JioFiber FTTH broadband services
potential in the digital content and also the core oil and gas business.
Analysts noted that Fibre to the Home (FTTH) services have been in
the Beta phase for some time now
The launch may not be pan-India, but in select relevant markets, they said
The company estimates the potential FTTH market size at 90 million home subscribers, Motilal Oswal Securities said in a recent note
The management plans to shift capex focus towards fibre, which will be used to expand both FTTH as well as enterprise data offerings in the
The continuation of the growth trend in Reliance Retail and clear e-commerce plans would drive a re-rating in shares of Reliance
Industries, said Hong Kong-headquartered firm CLSA
It reported 134 per cent growth in revenue in the fourth quarter of 2017-18
RIL shares ended up 1.1 per cent at Rs 971.6 on Tuesday
