Jio disruption: Feature phone to cost Rs 0 with Rs 1,500 refundable deposit
Jio feature phone offered free voice, SMS, unlimited data at Rs 153/month LATEST NEWS : Reliance Industries Limited (RIL) on Friday held its 40th AGM or annual general meeting for shareholders today, at Birla Matushri Sabhagar in Mumbai. On Thursday, Reliance Industries reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to 30 June on the back of higher petrochemical margins and one-time gain from sale of African asset. JIO PHONE Net profit in the April-June quarter at Rs 9,108 crore (Rs 30.8 per share) was 28 percent higher than Rs 7,113 crore (Rs 24.1 a share) in the same period of the last financial year, RIL said in a statement. "Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter," it said. Here are the highlights * Mukesh Ambani says a person who invested Rs 1,000 in 1977 has earned Rs 16.5 lakh in 40 years. * In less than 170 days, Jio hit 1...