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<keyword id="19938772" type="General" weightage="20" keywordseo="Reliance-Industries-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries Ltd" meta.hostid="261" meta.entityid="Reliance Industries Ltd">Reliance Industries Ltd</keyword> (<keyword id="20002939" type="General" weightage="20" keywordseo="RIL" source="keywords">RIL</keyword>) is set to hold its much-anticipated 47th Annual General Meeting (AGM) today, August 29, 2024. The AGM, which will be held virtually, is expected to feature some key announcements that could be of great interest to investors as well as shareholders. The meeting will start at 2:00 p.m. IST and will be live-streamed across various digital platforms. Read on to know all about <keyword id="22949345" type="General" weightage="100" keywordseo="Reliance-AGM" source="keywords">Reliance AGM</keyword> and what can be expected from it this year.<br /> <h2>What is Reliance AGM?</h2> The Reliance Annual General Meeting (AGM) is an important event where Reliance Industries Ltd (RIL) presents its financial performance, future strategies, and key developments to shareholders and the public. Held annually, this meeting is led by RIL Chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword> and serves as a platform for major announcements, including potential IPOs, business expansions, and technological advancements. The AGM attracts widespread attention from investors, analysts, and industry watchers, as it provides insights into the company’s direction and its impact on various sectors.<br /><br /> <b><h2>Where to watch livestream</h2></b> The AGM will begin at 2:00 p.m. IST and will be conducted virtually, allowing millions of shareholders and investors to join from anywhere. The event will be live-streamed across various digital platforms, including RIL's social media pages on YouTube, X (formerly Twitter), and Facebook. Shareholders can join the live broadcast using the following link: <a href="https://jiomeet.jio.com/rilagm" target="_new">https://jiomeet.jio.com/rilagm</a>.<br /><br /> <b><h2>What to expect from Reliance AGM 2024</h2></b> IPO announcements: One of the most closely watched aspects of the AGM is the potential announcement of IPO timelines for Reliance <keyword id="19906886" type="General" weightage="20" keywordseo="Jio" source="keywords">Jio</keyword> and Reliance Retail. The possibility of these two giants going public has been a topic of discussion since 2019, and with the five-year mark approaching, investors are keen to hear concrete plans. <br /><br /> <strong>Energy projects:</strong> Reliance’s foray into the green energy sector has been a key focus in recent years. The AGM is expected to provide updates on the progress of the company’s ambitious new energy projects, particularly the development of a large green energy complex in Jamnagar. This complex, featuring giga factories for solar PV, energy storage, and other technologies, is part of Reliance’s broader strategy to transition from traditional energy sources to more sustainable options. Investors will be looking for detailed timelines and potential earnings projections from these ventures.<br /><br /> <strong>5G Rollout: </strong>Reliance Jio’s 5G rollout is another critical area of interest. The company has already made significant strides in expanding its 5G network across India, and the AGM is expected to shed light on how RIL plans to monetize this infrastructure. This could include potential partnerships, new service offerings like the JioPhone 5G, and strategies to increase subscriber growth. The success of Jio’s 5G rollout will be crucial in maintaining its competitive edge in the rapidly evolving telecom market.<br /><br /> <strong>AI focus:</strong> In addition to its core business areas, Reliance is also expected to make announcements related to artificial intelligence (AI). With global tech giants increasingly focusing on AI, RIL is likely to reveal new AI initiatives tailored to the Indian market. This could include expansions to Hanuman AI, a generative AI tool developed with leading Indian institutions, which supports multiple Indian languages.<br /><br /> <strong>Succession planning:</strong> Another topic of interest is Reliance’s succession plan. With Mukesh Ambani having previously outlined a blueprint for leadership transitions within the company, shareholders will be looking for updates on how these plans are being implemented. The AGM may provide further clarity on the roles of Ambani’s children—Akash, Isha, and Anant—who have been earmarked to lead the telecom, retail, and energy segments, respectively.

Reliance AGM 2024 at 2 pm today: What it is, where to watch, and what to expect

Washington, An international team of <keyword id="49623" type="PERSON" weightage="20" keywordseo="Astronomers">astronomers</keyword> has discovered a trio of hot worlds larger than <keyword id="6359982" type="LOCATION" weightage="20" keywordseo="earth">Earth</keyword> orbiting a much younger version of our <keyword id="24879" type="PERSON" weightage="20" keywordseo="Sun">Sun</keyword> called TOI 451.<br /><br />The system resides in the recently discovered Pisces-Eridanus stream, a collection of stars less than 3 per cent the age of our solar system that stretches across one-third of the sky.<br /><br />The researchers believe that the newly discovered planetary system, detailed in The Astronomical Journal, will provide researchers with the rare chance to study a group of growing <keyword id="6448742" type="UNKNOWN" weightage="20" keywordseo="Planets">planets</keyword>.<br /><br />The planets were discovered in images taken by <keyword id="6360409" type="COMPANY" weightage="20" keywordseo="Nasa">NASA</keyword>'s Transiting Exoplanet Survey Satellite (TESS) between October and December 2018.<br /><br />Follow-up studies of TOI 451 and its planets included observations made in 2019 and 2020 using NASA's Spitzer Space Telescope, which has since been retired, as well as many ground-based facilities.<br /><br />Archival infrared data from NASA's Near-Earth Object Wide-Field Infrared Survey Explorer (NEOWISE) satellite suggests the system retains a cool disk of dust and rocky debris.<br /><br />Other observations show that TOI 451 likely has two distant stellar companions circling each other far beyond the planets.<br /><br />"This system checks a lot of boxes for astronomers," said lead researcher Elisabeth Newton, Assistant Professor at Dartmouth College in Hanover, <keyword id="822202" type="LOCATION" weightage="20" keywordseo="New-Hampshire">New Hampshire</keyword>, US.<br /><br />"It's only 120 million years old and just 400 light-years away, allowing detailed observations of this young planetary system. And because there are three planets between two and four times Earth's size, they make especially promising targets for testing theories about how planetary atmospheres evolve."<br /><br />The young star TOI 451, better known to astronomers as CD-38 1467, lies about 400 light-years away in the constellation Eridanus.<br /><br />It has 95 per cent of our Sun's mass, but it is 12 per cent smaller, slightly cooler, and emits 35 per cent less energy.<br /><br />TOI 451 rotates every 5.1 days, which is more than five times faster than the Sun.<br /><br />Even TOI 451's most distant planet orbits three times closer than Mercury ever approaches to the Sun, so all of these worlds are quite hot and inhospitable to life as we know it. Temperature estimates range from about 1,200 degrees Celsius for the innermost planet to about 450 degrees C for the outermost one.<br /><br />TOI 451b orbits every 1.9 days, is about 1.9 times Earth's size, and its estimated mass ranges from two to 12 times Earth's.<br /><br />The next planet out, TOI 451 c, completes an orbit every 9.2 days, is about three times larger than Earth, and holds between three and 16 times Earth's mass. The farthest and largest world, TOI 451 d, circles the star every 16 days, is four times the size of our planet, and weighs between four and 19 Earth masses.<br /><br />Astronomers expect planets as big as these to retain much of their atmospheres despite the intense heat from their nearby star.<br /><br /><br /><strong>SEE ALSO:<br /><a href="https://www.businessinsider.in/tech/mobile/news/comparison-between-realme-x7-pro-5g-and-xiaomi-mi-10i-mobile-phones-with-price-and-specifications/articleshow/80873224.cms">Realme X7 Pro 5G vs Xiaomi Mi 10i – best mid-range device under ₹30,000 in India</a><br /><a href="https://www.businessinsider.in/defense/news/experts-say-india-and-china-both-need-to-show-their-voters-that-they-won-in-ladakh-for-the-disengagement-to-be-successful/articleshow/80876036.cms">Experts say India and China both need to show their voters that they won in Ladakh⁠ for the disengagement to be successful</a><br /></strong><a href="https://www.businessinsider.in/business/ecommerce/news/why-grofers-may-allow-an-american-blank-cheque-firm-to-buy-it-out-instead-of-fighting-ambani-and-bigbasket-for-ipo/articleshow/80874979.cms"><strong>Here’s why Grofers may allow an American “blank cheque” firm to buy it out instead of fighting Ambani and BigBasket for IPO</strong></a><br />

Astronomers discover three planets orbiting younger Sun-like star

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>AP Photo/Francois Mori)</span></p><p class="caption">Tesla CEO Elon Musk drinks water.</p></div><p></p></div></div>For the first time in years, no one really has any expectations from Tesla as the company prepares to report second-quarter earnings on Wednesday after the markets close.</p><p>Officially, analysts anticipate a loss of $1.15 per share. But whatever. Tesla has rarely reported positive quarterly net income since its IPO.</p><p>The pattern is burn cash, baby, burn cash. CEO Elon Musk's overarching goal is to accelerate Tesla's growth, and its $30-billion-plus market cap is a reflection of that. Profits are, for now, irrelevant.</p><p>The cadence of Tesla earnings was actually starting to get predictable. Dismal financials were assumed, so attention shifted to vehicle deliveries and yearly guidance. But two straight years of delayed deliveries and guidance coming in at the very low end of its range had conditioned investors to patiently listen to what Tesla has to say and assume that the process will be repeated, just with bigger numbers. </p><p>But this quarter will inaugurate a new phase in Tesla's story: the surreal phase.</p><p>That's because Tesla is in the process of becoming not just Tesla the car company, but Tesla the conglomerate. The acquisition of SolarCity for $2.6 billion in stock, announced on Monday and expected to close in a few months (pending government approval and shareholder voting), will create a full-service green-energy solutions holding company. Electric cars will be joined with solar panels, which will be joined by energy storage, battery manufacturing, and charging.</p><p>If you want to live a greener life, Tesla will have you covered.</p><h2>A baffling conglomerate</h2><p>In the short term, this is going to make it impossible to figure out what Tesla is worth and what the financial rationale for buying into Musk's vision really is.</p><p>SolarCity had lost half its market value since the beginning of 2016. Tesla's lofty valuation is based on its prospects to be a major player in the <keyword id="34991" type="ORGANIZATION" weightage="60" keywordseo="transportation">transportation</keyword> world of the future. Tesla Energy is just in its early stages of development. And the $5-billion Tesla Gigafactory has just opened - it's completely unclear how long it will take Tesla, in cooperation with Panasonic, to crank up production. </p><p>Meanwhile, Musk has upped the timetable on delivering 500,000 vehicles annually, to 2018 from 2020. And the company has to both launch the $35,000 mass-market Model 3 in 2017 and begin fulfilling 375,000 reservations. </p><p>It all makes your head spin. Which challenge do you focus on? What's the priority? Or does this all have to happen at once? Musk clearly thinks so - he just authored a vast, far-reaching manifesto, his "<a href="https://www.tesla.com/blog/master-plan-part-deux">Master Plan, Part Deux</a>."</p><p>Tesla as a carmaker was never easy to understand. But Tesla as a sustainable energy, manufacturing, and transportation conglomerate will be baffling. But we'll have to get used to it, and it all starts on Wednesday.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/elon-musk-just-unveiled-teslas-top-secret-master-plan-2016-7">Elon Musk just unveiled Tesla's 'top secret' master plan - here are the details</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="BoaTJ2NDE6ewk6Pt7Z8Wx9cnV6tg1bcp" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Tesla is entering a surreal new phase

<p class="source"><span>Thomson Reuters</span></p><p class="caption">Tesla CEO Elon Musk.</p>Over the past few years, as its sales and stock have risen, Tesla's core business model has been shifting.<p>The carmaker was founded in 2003 with the basic goal of bringing an exciting all-electric vehicle to market. It succeeded, and under CEO Elon Musk (who started out as just an investor) the company has grown to sell nearly 100,000 vehicles a year, the newest of which are equipped with semi-self-driving technology. </p><p>To drive this growth, Tesla also invested in a far-flung network of fast-charging stations.</p><p>About a year after the launch of the Model S sedan in 2013, Tesla's business plan began to undergo modifications. An energy-storage business was launched, and in 2016, Tesla merged with SolarCity. The first Tesla solar product, the Solar Roof, officially went on sale last week. Meanwhile, Tesla continued to build a massive battery factory in Nevada.</p><p>There are useful connections and synergies among these various businesses, and they both fit with and enable Musk's master vision for a fossil-fuel-free world.</p><p>Unfortunately for Tesla, though, the company could be playing a transitional role in the broad disruption of traditional mobility than many analysts and experts now think is underway.</p><h2>Tesla is the bridge</h2><p class="source"><span>Andy Kiersz/Business Insider</span></p><p class="caption">Tesla's surging market cap.</p><p>In this story, Tesla is an innovator that proved it was possible to start a new car company after the globe hadn't really seen one for decades; Tesla also revived the electric car, which had languished for a century after losing out to the internal-combustion engine.</p><p>Tesla is a bridge between the old ways and the news ways, with a foot in each camp - and potentially the inability to prosper in the new world that it made possible. Remember that once you've crossed a bridge, you don't need it anymore. It's in the past.</p><p>In a research note published Monday downgrading Tesla to "equal-weight" from "overweight," Morgan Stanley analyst Adam Jonas argued that competition will soon arrive for Tesla, but that the competition might not look like what everyone thinks it would be:</p><p>What Jonas leaves unspoken is the emerging idea that replacing the traditional automobile with something better is rapidly being supplanted by the notion than physical transportation is far less lucrative than the activity of passengers inside the vehicles.</p><h2>Silicon Valley getting out of cars</h2><p class="source"><span>Benjamin Zhang/Business Insider</span></p><p class="caption">Is Tesla in trouble?</p><p>"Big tech companies have gone cold on being assemblers," <span>Ewen Cameron Watt, a Senior Adviser at Blackrock, said in an interview. </span></p><p>"They want to be data managers. It's all about the data and connectivity," Cameron, who is also the co-author of a study from the Blackrock Investment Institute <span>titled "</span>Future of the vehicle - Winners and losers: from cars and cameras to chips."</p><p>Tesla isn't ignoring this opportunity - machine learning from its fleet of Autopilot-enabled vehicles is serving up a massive amount of real-world information about self-driving technology. But Tesla is also trying to do several things at once, just when it comes to the auto side of its business.</p><p>It's trying to produce and sell big-ticket luxury cars, service them, launch a cheaper vehicle, and provide widespread fast-charging. Forget adding semis and pickup trucks to the mix, as Musk has said Tesla will - executing on just one of its existing challenges would be impressive.</p><p>However, Tesla's traditional competitors are already good at all those things, while Tesla's tech rivals now appear uninterested in replicating Tesla's experience.</p><h2>Narrative vulnerability</h2><p>In response, Tesla is trying to exploit the elasticity of its business model, which may or may not be there to exploit. Thus far, developing new lines of business hasn't hurt Tesla, but the company's historic financial underperformance has been masked by a surging stock price and the company's ability to access the capital markets for billions in ongoing funding, despite the carmaker being 13 years old, with an IPO staged in 2010.</p><p>Tesla's vulnerability is unique: I call it "narrative vulnerability." Electric cars are yesterday's story. The new story is about self-driving systems and Big Data.</p><p>The problem with narrative vulnerability is that once it takes hold, Tesla's only way to deal with is to adjust its story. Tesla has been able to do that, up to a point. But at some point, the features of its new story won't fit with a very different narrative. </p><p>The critical issue is that Tesla will always be tied to cars: designing them, building them, selling them. In that respect, it could wind up a victim of its spectacular success. </p><p><em>This column does not necessarily reflect the opinion of Business Insider.</em></p><h3>More from Matthew DeBord:</h3><ul><li><a href="http://www.businessinsider.com/tesla-business-model-in-trouble-2017-5" rel="nofollow">Tesla's business model could be in trouble (TSLA)</a></li><li><a href="http://www.businessinsider.com/morgan-stanley-adam-jonas-downgrades-tesla-stock-2017-5" rel="nofollow">A major Tesla bull just downgraded the stock, and shares are sliding (TSLA)</a></li><li><a href="http://www.businessinsider.com/ford-gt-review-pictures-2017-5" rel="nofollow">The new $400,000 GT is the greatest car Ford has ever built (F)</a></li><li><a href="http://www.businessinsider.com/tesla-solar-roof-elon-musks-best-product-2017-5" rel="nofollow">Elon Musk has discovered a new passion in life - and it could be Tesla's best product yet (TSLA)</a></li><li><a href="http://www.businessinsider.com/why-uber-wont-be-a-monopoly-2017-5" rel="nofollow">Uber wanted to be a monopoly - but it may have to settle for the next best thing</a></li></ul><p class="tagline">Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> <strong>here.</strong></a></p>            <h3>NOW WATCH: <a href="http://www.businessinsider.com/everything-we-know-tesla-solar-roof-elon-musk-2017-5">Elon Musk just revealed the final details of Tesla's Solar Roof - here's everything you need to know</a></h3>                                    Please enable Javascript to watch this video

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Reliance AGM 2024 at 2 pm today: What it is, where to watch, and what to expect

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