"We have a very clear roadmap to becoming a zero-net debt company within the next 18 months, that is by March 31, 2021", he said.
Reliance Industries is set to sell a 20 percent stake in its oil and chemical business to Saudi oil giant Aramco in one of the largest ever foreign investment deals in the country, Mukesh Ambani said on Monday, August 12. The Reliance deal with Aramco will cover all of Reliance's refining and petrochemical assets, along with its majority stake in its petroleum retail joint venture. The focus will gradually be on higher value added products, like speciality chemicals and away from commoditised products.
The consumer-facing businesses collectively contribute almost a third of the company's consolidated EBITDA, Ambani said.
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Two firearms were also found near the area and police are analysing whether these weapons were connected to the homicides in B.C. While the RCMP have now found the bodies of the suspects, B.C.
Why this proposition is so unique? He said the firm will install "one of the largest blockchain networks in the world in India". This will provide tremendous cross-selling opportunity or entering any-consumer facing business much easier at a later date.
In addition to the above, customers have to spend around Rs 250 per month for watching cable TV, taking the total to about Rs 1,150 plus taxes.
For MSMEs, Reliance Jio has special plans ready. The company aims to connect 1 billion homes via the IoT platform.
Revenue from each of these engines will flow in from this fiscal itself. This offer will be available from Jan 1, 2020.
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The concluded data also reveal the upcoming threats and opportunities possibly influencing the market business to a certain level. SWOT Analysis of each defined key players along with its profile and Porter's five forces tool mechanism to compliment the same.
During the ongoing testing phase, Reliance Jio Fiber has generated 15 million registrations of interest across 1600 towns across India.
While the detailed plans for Jio GigaFiber will be announced on September 5, which is when the commercial rollout begins for customers, the base plan for Jio GigaFiber services has been set at Rs 700 per month.
He also announced a partnership with Microsoft, which is aimed at implementing Azure edge computing in RIL's data centers "for digital transformation of India". Also, the company will be offering free internet, cloud space and connectivity for the new-age startups. But for Jio the long-term gains in terms of partnership with these businesses and knowledge and understanding of the customer ecosystem will be invaluable. The Saudi crown prince, Mohammed bin Salman (or MbS), has made diversifying Aramco away from a dependence on oil production a key part of his plan for the next decade in the nation's economy. It is the best proxy for the consumption story of India.
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Despite the oil price hitting its profits, what the results did show was that it still makes more money than any other company in the world.