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Prime Minister Narendra Modi on Friday said that India is moving towards becoming a leader in <keyword id="6319489" type="General" weightage="70" keywordseo="6g-technology" source="Orion">6G technology</keyword>, adding that the future is here and now. <keyword id="2238662" type="General" weightage="100" keywordseo="pm-modi" source="Orion">PM Modi</keyword> said this while inaugurating the <keyword id="4254251" type="General" weightage="80" keywordseo="Indian-Mobile-Congress" source="Orion">Indian Mobile Congress</keyword> (IMC). "We are not only expanding 5G in the country but also moving in the direction of becoming leaders in the area of <keyword id="7268171" type="General" weightage="70" keywordseo="6g" source="Orion">6G</keyword> technology. Everyone knows what happened during the 2G (referring to the spectrum allocation scam during the UPA regime). During our government, 4G was expanded but there was no stain on us. I am confident that India will lead the world in 6G technology," he said. The Prime Minister added that whether it is telecom, technology, or connectivity or whether it is 6G, AI, cybersecurity, semiconductors, drones or space sector, the future is going to be very different. "Within a year of the launch of 5G, nearly four lakh 5G base stations have been working today. They are covering 97% of the cities and more than 80% of the population," Modi said. Airtel chief <keyword id="6442632" type="General" weightage="40" keywordseo="sunil-bharti-mittal" source="Orion">Sunil Bharti Mittal</keyword>, chairman of Aditya Birla group <keyword id="6354955" type="General" weightage="40" keywordseo="kumar-mangalam-birla" source="Orion">Kumar Mangalam Birla</keyword> and Reliance Jio chairman <keyword id="6361416" type="General" weightage="40" keywordseo="akash-ambani" source="Orion">Akash Ambani</keyword> as well as telecom Minister <keyword id="7796574" type="General" weightage="40" keywordseo="ashwini-vaishnaw" source="Orion">Ashwini Vaishnaw</keyword> were also present on the occasion. Speaking further, PM Modi said that the world is using 'Made in India' phones while referring to the transformation which has taken in the recent past in the telecom sector. "Recently, Google has announced the manufacturing of its Pixel phone in India. Samsung's Fold 5 mobile phone and Apple's iPhone 15 are being manufactured in India. We are proud that the world is using Made in India mobile phones now," PM Modi said. India has become an exporter from a net importer, he added. "India has reached 43rd position in mobile broadband speed from the previous rank of 118," PM Modi said, adding that 2014 (when NDA came to power) is not a date, it is 'badlav' (change). Referring to various measures of the government, the Prime Minister said that access to capital, access to resources and access to technology is the government's priority. During the programme, PM Modi awarded 100 '5G Use Case Labs' to educational institutions across the country.

India moving towards becoming leader in 6G technology: PM Modi

<keyword id="6354504" type="General" weightage="50" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> Infocomm Limited, a leading name in India's telecommunications sector, has unveiled <keyword id="19283546" type="General" weightage="100" keywordseo="JioSpaceFiber" source="Orion">JioSpaceFiber</keyword>, the country's first satellite-based gigabit broadband service, marking a step in connecting remote regions of India with high-speed internet. According to a press release by Reliance <keyword id="2003276" type="General" weightage="80" keywordseo="jio" source="Orion">Jio</keyword>, this launch was showcased at the India Mobile Congress on Friday, as Reliance Jio seeks to extend high-speed broadband services to areas that were previously inaccessible. JioSpaceFiber will soon be available throughout India at highly competitive prices. Reliance Jio already serves more than 450 million Indian consumers with high-speed broadband services, and with the introduction of JioSpaceFiber, it aims to make digital inclusivity a reality for every household. This satellite-based service, added to its existing offerings of <keyword id="3690255" type="General" weightage="50" keywordseo="jiofiber" source="Orion">JioFiber</keyword> and JioAirFiber, ensures that consumers and businesses can access reliable, low-latency, high-speed internet and entertainment, regardless of their location. The satellite network will also bolster mobile backhaul capacity, thereby expanding the reach and scalability of Jio's True5G network even in remote areas. For this ambitious endeavour, Jio has partnered with SES, tapping into the latest in medium earth orbit (MEO) satellite technology. Leveraging SES's O3b and new O3b mPOWER satellites, JioSpaceFiber is set to revolutionize the broadband industry by providing scalable and cost-effective internet access across India, all while guaranteeing reliability and flexibility. To showcase the capabilities of JioSpaceFiber, the service has already been connected to four of India's most remote locations: Gir in Gujarat, Korba in Chhattisgarh, Nabarangpur in Odisha, and ONGC-Jorhat in Assam. <keyword id="6361416" type="General" weightage="50" keywordseo="akash-ambani" source="Orion">Akash Ambani</keyword>, Chairman of Reliance Jio Infocomm Limited, highlighted the significance of this launch, saying, " Jio has enabled millions of homes and businesses in India to experience broadband internet for the first time. With JioSpaceFiber, we expand our reach to cover the millions yet to be connected". Ambfurther said, "JioSpaceFiber will allow everyone, everywhere, to fully participate in the new digital society with gigabit access to online government, education, health, and entertainment services". John-Paul Hemingway, Chief Strategy Officer at SES Networks, shared his excitement about the partnership, stating, "Together with Jio, we are honoured to support the Government of India's Digital India initiative with a unique solution that aims at delivering multiple gigabits per second of throughput to any location in India". Hemingway added, "Our first fibre-like services from space are already deployed today in parts of India, and we cannot wait to see how this will lead to digital transformation even in the most rural parts of the country." Reliance Jio's JioSpaceFiber marks a pivotal moment in India's digital transformation, promising to extend high-speed broadband access to even the most remote parts of the country, aligning with the vision of a truly Digital India. SEE ALSO: <a href="https://www.businessinsider.in/sports/webstories/fastest-centuries-in-icc-odi-world-cup-history/slidelist/104720578.cms">Glenn Maxwell to Rohit Sharma – The fastest centuries in World Cup history</a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-rs-50000-in-india-oneplus-apple-and-google-phones-also-in-the-list/slidelist/104699569.cms">From Pixel 7 to iPhone 13 – best smartphones under ₹50,000 in India</a> <a href="https://www.businessinsider.in/tech/news/crossbeats-nexus-smartwatch-with-chatgpt-integration-announced-in-india/articleshow/104725233.cms">Now a smartwatch with ChatGPT integration gets set to hit Indian markets</a>

Reliance Jio launches JioSpaceFiber: India's first satellite-based gigabit broadband service

Heart overflowing with happiness: Ambani gets emotional as next-gen gets on-board

<keyword id="6361416" type="General" weightage="80" keywordseo="akash-ambani" source="Orion">Akash Ambani</keyword>, Chairman, <keyword id="2003276" type="General" weightage="80" keywordseo="jio" source="Orion">Jio</keyword> has been named to the TIME100 NEXT -- TIME's list of the world's rising stars. TIME100 Next highlights 100 emerging leaders who are shaping the future of business, entertainment, sports, politics, health, science and activism, and more. Akash <keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword> is the only Indian to feature in the list. "The scion of Indian industrialist royalty, Akash Ambani was always expected to rise in business. But he has been putting in hard work. Ambani was promoted in June to chairman of Jio, India's largest telecom company, with over 426 �million subscribers, after being controversially handed a board seat at just 22. He's since played a key role landing multibillion dollar investments from Google and Facebook. If he handles Jio well, he may be given a crack at larger chunks of the family's conglomerate," said the profile in Time 100 Next.

Akash Ambani named in Time100 NEXT list as an emerging leader

<ul><li><keyword id="8372" type="General" weightage="100" keywordseo="akash" source="Orion">Akash</keyword> <keyword id="10924" type="General" weightage="80" keywordseo="ambani" source="Orion">Ambani</keyword> is the elder son of one of India’s richest businessmen Mukesh Ambani; and the only Indian to debut on Time Magazine’s Next 100 List. </li><li>During the 2022 Reliance Industries’ annual general meeting, he announced the launch of Jiofibre and virtual PCs. </li><li>Akash Ambani will head India’s largest telecom operator and is one of the heirs of <keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>’s<a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/"> $80.5 billion empire</a>. </li></ul>He may have become the new boss of <keyword id="6354504" type="General" weightage="50" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> – India’s largest telecom operator – recently, but Akash Ambani has been prepping for the top job from birth. As the grandson of <keyword id="6418409" type="General" weightage="50" keywordseo="dhirubhai-ambani" source="Orion">Dhirubhai Ambani</keyword> and son of Mukesh Ambani, the Junior Ambani has always had big shoes to fill, but he seems to be stepping into them quite effortlessly. He is also keeping the family tradition of breaking into lists by becoming the only Indian to enter the Time Magazine’s Next 100 list. Time’s Next 100 list essentially puts the spotlight on emerging leaders who are shaping the world of business, sports, finance, entertainment, politics, science, health, and activism. The list also features the likes of American singer SZA, actress Sydney Sweeney, basketball player Ja Morant, Spanish tennis player Carlos Alcaraz, actor and television personality <keyword id="945810" type="General" weightage="50" keywordseo="keke-palmer" source="Orion">Keke Palmer</keyword>, and environment activist Farwiza Farhan. Not surprisingly, the scion of the Ambani family has made it as an A-lister, given the mantle he holds as the Chairman of Reliance <keyword id="2003276" type="General" weightage="50" keywordseo="jio" source="Orion">Jio</keyword> with 426 million users. One of the heirs of <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/">Mukesh Ambani’s $80.5 billion empire</a>, the 30-year-old has his work cut out, as the company looks to launch 5G services later this year. Akash is married to <keyword id="6296629" type="General" weightage="50" keywordseo="shloka-mehta" source="Orion">Shloka Mehta</keyword>, who hails from one of the richest diamond families of India. The Ambani family welcomed their first grandchild, <keyword id="10488859" type="General" weightage="50" keywordseo="prithvi-ambani" source="Orion">Prithvi Ambani</keyword>, in 2020. Reliance Jio has been touted as one of the fastest growing companies in the world and Akash has reportedly played a key role in bringing marquee investors and global giants like Facebook, Catterton, Silver Lake and General Atlantic to the company. Akash Ambani’s journey of becoming one of the most influential next-gen leaders began only four years ago, when he gave his first public address at the India Digital Open Summit. “Our chairman believes India is on a path to be a technology innovation leader and technology superpower. We are fortunate to be living in India, where we have a vision for Digital India. At Jio we believe AR/VR will grow at 50% CAGR for next 5 years,” said Akash Ambani, who was 26 years old at the time. On June 27 2022, Reliance Chairman Mukesh Ambani handed over the reins of the empire to his eldest son <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-steps-down-as-director-of-reliance-jio-akash-ambani-appointed-chairman/articleshow/92521472.cms">Akash Ambani</a>. Referring to the next generation Ambanis — Isha, Akash and Anant — Mukesh Ambani said at the company’s 45th annual general meeting, “All three have fully inherited our founder's mindset. They are first among equals in a young team of leaders and professionals who are already doing amazing things at Reliance.” Akash Ambani’s ambitious plan to launch virtual PCs in India Reliance Jio Infocomm (RJIL), a subsidiary of RIL, is the largest telecom operator in India. From less than 700 professionals a few years ago, the RJIL team has grown rapidly to over 10,000 professionals today. “With 5G being rolled out in India, the current 800 million connected internet devices will double to 1.5 billion connected internet devices in just a year,” said Akash Ambani at the latest annual general meeting. The 30-year-old also announced the launch of ‘<a href="https://www.businessinsider.in/tech/enterprise/news/jio-airfiber-to-offer-cloud-pc-services-soon/articleshow/93857295.cms">virtual PC</a>’ through the launch of Jio AirFiber giving a boost to AI-enabled services in India. “5G gives ultra-high fibre-like speed over the air without any wires. We are calling it JioAirFiber. With JioAirFiber, it will be really easy to quickly connect your home or office to Gigabit-speed Internet,” he said. Investing ₹2 lakh crore, the next-generation Ambani will also head the implementation of 5G services in India – the latest version called standalone 5G sans dependence on 4G network. Challenges for Ambani junior while heading Reliance Reliance Jio offers its services at affordable tariffs, a dream that the founder of Reliance Industries had of offering telecom services at the rate of a postcard. While Akash Ambani’s father delivered on that promise, the 30-year old scion will have his job cut out as the company looks to launch its ambitious 5G services this Diwali. The company faces competition from the Sunil Mittal-helmed Airtel. Interestingly, Airtel is a professionally run company and both of Mittal’s sons pursue their own business interests. An avid sports nut Apart from heading the most ambitious projects in the world, Akash is known to have a keen interest in sports and premium cars. Akash’s first public appearance was at a Mumbai Indians cricket match as the company bought the team <a href="https://www.republicworld.com/sports-news/cricket-news/ipl-mega-auction-which-teams-were-sold-in-the-2008-inaugural-edition-and-at-what-prices.html">for $111.9 million back in 2008</a>. He is an avid cricket fan and can be seen regularly leading auctions to filter through the players for the Mumbai Indians IPL league. Ambani Junior is also a fan of the Arsenal football club. In 2016, he got to play in his private football area with Arsenal’s former forward Thierry Henry. Alongside sports, Akash has a legion of premium cars like Bentley Bentayga, Range <keyword id="5160615" type="General" weightage="50" keywordseo="rover-vogue" source="Orion">Rover Vogue</keyword>, BMW 5-Series, Lamborghini Urus, Rolls Royce Phantom Drophead Coupe and Maybach 62 to list a few. The passion for fancy wheels comes from both his parents. The road to living up to the name of “industry royalist” is long but Akash Ambani’s blueprint for Reliance is being closely watched by the world. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/9-in-10-indian-leaders-question-employees-productivity-in-hybrid-work/articleshow/94529650.cms">9 in 10 Indian leaders question employees' productivity in hybrid work</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/adani-greens-54-rally-tempts-totalenergies-to-book-profits/articleshow/94529227.cms">Adani Green’s 54% rally this year tempts TotalEnergies to book profits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/people-want-bigger-homes-and-reopening-offices-schools-hasnt-altered-this-trend/articleshow/94512938.cms">People want bigger homes and reopening offices, schools hasn’t altered this trend</a>

Akash Ambani’s keeping up the family tradition of breaking into global lists

<ul><li><keyword id="14686227" type="General" weightage="100" keywordseo="mi-emirates" source="Orion">MI Emirates</keyword> announced the squad for the upcoming T20 league season hosted by UAE.</li><li><keyword id="61632" type="General" weightage="80" keywordseo="kieron-pollard" source="Orion">Kieron Pollard</keyword>, Dwayne Bravo, <keyword id="4692800" type="General" weightage="50" keywordseo="nicholas-pooran" source="Orion">Nicholas Pooran</keyword> and Trent Boult are the new additions in the blue and gold army.</li><li>The tournament will be held in January in 2023 and will be played in a 34-match format across the UAE’s cricket facilities in Dubai, Abu Dhabi and Sharjah.</li></ul>Mumbai Indians (MI) Emirates today announced its team for the inaugural season of UAE’s International League T20. The squad will be based in Abu Dhabi, and will include a mix of current, past and some new MI players. Kieron Pollard, Dwayne Bravo, Nicholas Pooran and Trent Boult will be joining the blue and gold army. “I am delighted with our dynamic group of 14 players that will be part of our #Onefamily and represent ‘MI Emirates’. We are glad to have one of our key pillars, Kieron Pollard, continue with MI Emirates,” Akash M Ambani, Chairman of Reliance Jio said in a statement. “MI is known to strike a balance between experience and investing in young talent to unlock their true potential which will help us play the MI way,” he added. This the new MI Emirates squad for the season — Kieron Pollard, Dwayne Bravo, Nicholas Pooran, Trent Boult, Andre Fletcher, Imran Tahir, Samit Patel, Will Smeed, Jordan Thompson, Najibullah Zadran, Zahir Khan, Fazalhaq Farooqui, Bradley Wheal and Bas De Leede. Earlier this week, MI announced the name and identity of ‘MI Emirates’ or phonetically “MY Emirates”, a team dedicated to the fans across the Emirates geographies. On August 8, UAE’s International League T20, the ILT20, announced that several top cricketers had signed-on to participate in the inaugural event. Reliance Industries, <keyword id="6354467" type="General" weightage="50" keywordseo="kolkata-knight-riders" source="Orion">Kolkata Knight Riders</keyword>, Capri Global, GMR, Lancer Capital and Adani Sportsline are the franchise owners in the League. The tournament will be held in January in 2023 and will be played in a 34-match format across the UAE’s cricket facilities in Dubai, Abu Dhabi and Sharjah. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/why-nasa-scientists-are-sending-microorganisms-around-the-moon/articleshow/93521225.cms">Here’s why Nasa scientists are sending microorganisms around the moon</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/vedanta-partners-with-iit-b-to-develop-green-steel-technology/articleshow/93518361.cms">Vedanta partners with IIT-B to develop green steel technology</a>

Akash Ambani’s MI Emirates name squad for UAE’s inaugural ILT20 — Here are the team members

Meet Akash Ambani — new chairman of Reliance Jio and owner of Mumbai Indians

As the race to launch 5G services for millions of smartphone and internet users take steam, <keyword id="6354504" type="General" weightage="80" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> may launch its 5G services on August 15. Earlier this week, <keyword id="6361416" type="General" weightage="50" keywordseo="akash-ambani" source="Orion">Akash Ambani</keyword>, Chairman, <keyword id="1543410" type="General" weightage="50" keywordseo="reliance-jio-infocomm" source="Orion">Reliance Jio Infocomm</keyword>, said that they will celebrate '<keyword id="10912165" type="General" weightage="50" keywordseo="azadi-ka-amrit-mahotsav" source="Orion">Azadi ka Amrit Mahotsav</keyword>' with a pan-India 5G rollout. "<keyword id="2003276" type="General" weightage="100" keywordseo="jio" source="Orion">Jio</keyword> is committed to offering world-class, affordable 5G and 5G-enabled services. We will provide services, platforms and solutions that will accelerate <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s digital revolution, especially in crucial sectors like education, <keyword id="6354525" type="General" weightage="50" keywordseo="healthcare" source="Orion">healthcare</keyword>, agriculture, manufacturing and e-governance," he had emphasised after emerging as the leader in the 5G spectrum auction, including the pricey 700 MHz band. With 'Azadi ka Amrit Mahotsav,' Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> has shared his vision of building a new Aatmanirbhar Bharat by the year 2022. The initiative is to celebrate and commemorate 75 years of independence and the history of people, culture and achievements. The official journey of 'Azadi Ka Amrit Mahotsav' commenced on March 12 2021 which started a 75-week countdown to our 75th anniversary of independence and will end on August 15, a day when pan-India 5G roll out can be announced. "Jio is fully ready for 5G rollout in the shortest period of time because of its nationwide fibre presence, all-IP network with no legacy infrastructure, indigenous 5G stack and strong global partnerships across the technology ecosystem," according to the company. Jio said its 5G network will enable the next generation of digital solutions that will accelerate India's AI-driven march towards becoming a $5 trillion economy. "The speed, scale and societal impact of Jio's 4G rollout is unmatched anywhere in the world. Now, with a bigger ambition and stronger resolve, Jio is set to lead India's march into the 5G era," said Akash Ambani. According to a Nomura report, 700 MHz band could potentially give Reliance Jio "an edge in terms of network quality, especially indoors, and this could increase investors' concerns on further spectrum outgo for Bharti if R-Jio were able to offer significant differentiation in network quality (vs Bharti) with 5G on 700 band". SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/cm-pramod-sawant-urges-iit-goa-to-help-against-sea-erosion-micro-plastic-threats/articleshow/93340769.cms">CM Pramod Sawant urges IIT-Goa to help against sea erosion, micro-plastic threats</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/news/govt-says-new-data-protection-draft-is-almost-ready-withdraws-data-protection-bill-2021/articleshow/93341601.cms">Govt says new Data Protection draft is “almost ready,” withdraws Data Protection Bill 2021</a>

Reliance Jio 5G services could be launched on August 15

<ul><li>Mukesh Ambani became a grandfather, today, after his son Akash Ambani and daughter-in-law Shloka Mehta gave birth to a baby boy in Mumbai. </li><li>This is the first child of Shloka Mehta and Akash Ambani after the couple tied the knot in March 2019. </li><li>The 63-old Ambani is the richest man of Asia and has a net wealth of $77.2 billion, according to Forbes.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Asia's richest man and the owner of the most valued company of India, Mukesh Ambani became a grandfather after his son Akash Ambani, and daughter-in-law Shloka Mehta gave birth to a baby boy in Mumbai. "Nita and Mukesh Ambani are delighted to become grandparents for the first time, as they welcomed the great-grandson of Dhirubhai and Kokilaben Ambani," the family said in a statement, according to <a href="https://www.cnbctv18.com/india/shloka-akash-ambani-become-parents-of-baby-boy-7694741.htm">CNBCTV18</a>. The statement <a href="https://www.cnbctv18.com/india/shloka-akash-ambani-become-parents-of-baby-boy-7694741.htm">reportedly </a>mentioned that both mother and son are doing well. <div type="javascript" title="Instagram" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> Shloka Mehta is the daughter of diamantaire Russell Mehta and Mona Mehta. The couple were reportedly school friends who met at Dhirubhai Ambani school. And, got engaged in June 2018 before getting married last year, which was attended by some of the world's most rich and powerful including Hillary Clinton, Alphabet CEO Sundar Pichai and former British PM Tony Blair. This is the first child of Shloka Mehta and Akash Ambani after the couple tied the knot in March 2019. The 63-old Ambani is the richest man of Asia and has a net wealth of $77.2 billion, according to Forbes. Ambani's have three children — twins Akash and Isha, and Anant. Akash Ambani is the eldest son of the family. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/facebook-hit-with-2-massive-antitrust-lawsuits-from-the-ftc-and-46-states-seeking-to-spin-off-instagram-and-whatsapp/articleshow/79652195.cms" data-type="tilCustomLink">Facebook hit with 2 massive antitrust lawsuits from the FTC and 46 states seeking to spin off Instagram and WhatsApp</a> <a href="https://www.businessinsider.in/stock-market/news/airbnb-prices-ipo-at-68-per-share-will-raise-3-5-billion/articleshow/79653812.cms" data-type="tilCustomLink">Airbnb prices IPO at $68 per share, will raise $3.5 billion</a>

Asia's richest man now has a grandson

Isha and Akash Ambani, Adar Poonawalla, Byju Raveendran — meet the Indians who made it to Fortune's ‘40 under 40’ list this year

<ul><li><a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Reliance and Google will build a new Android-based operating system for smartphones in India</a><a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works</a><a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picks up a 7.7% stake for ₹33,737 crore in Reliance Jio</a><a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls</a> The new mixed reality headset <keyword id="9579590" type="UNKNOWN" weightage="20" keywordseo="jio-glass">Jio Glass</keyword> will make way for a smooth online video collaboration.</li><li>Jio Glass weighs only 75g, offers best in class, immersive mixed reality services. </li><li>With the latest product, companies can conduct holographic video calls with 3D figures of themselves and also share presentations at the same time.</li></ul>During the Reliance Annual General Meeting, the company announced an ambitious new offering – Jio Glass. Through Jio Glass, Jio takes your normal office calls to a whole new level. The new mixed reality headset Jio Glass will make way for a smooth online video collaboration. With the latest product, companies can conduct holographic video calls with 3D figures of themselves and also share presentations at the same time. <div type="image" title="Akash and Isha Ambani try out Jio Glass" msid="76977693" hostid="261" caption="&amp;lt;p&amp;gt;Akash and Isha Ambani try out Jio Glass&amp;lt;/p&amp;gt;"></div> "It provides the best in class MR services to give you an immersive experience. On the audio front, we have pioneered a special and personalized audio system without having any accessories attached," said Kiran Thomas, Vice President at Reliance. The Jio Glass weighs only 75g, offers best in class, immersive mixed reality services. Being connected through a single cable, the product already has 25 in built apps that will allow augmented reality video meetings and more. “Jio Glass is making teachers and #students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With JioGlass, the traditional way of learning Geography will now be History,” said Thomas. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Reliance and Google will build a new Android-based operating system for smartphones in India</a> <a href="https://www.businessinsider.in/tech/news/jio-glass-akash-ambani-and-isha-ambani-announce-reliances-latest-product-which-offers-holographic-video-calls/articleshow/76977640.cms">Reliance to spin off its Oil-to-Chemicals business for new partnerships – Mukesh Ambani says Saudi Aramco deal is still in the works</a> <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picks up a 7.7% stake for ₹33,737 crore in Reliance Jio</a>

Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls

<ul><li>Business Insider brings the inside details of India’s most talked about investment – <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>.</li><li>Jio has already raised nearly ₹1 lakh crore by giving away 21% stake in the company. </li><li>Next up is an investment from Saudi Arabia’s sovereign wealth fund, which could be followed by TPG Capital, and any one of the two, Google or Microsoft.</li><li>Here’s how the Ambanis got the biggest investments in the middle of a lockdown.</li></ul>Since March, India has heard about two things happening repeatedly – the lockdown being extended and Reliance Jio raising money. With 10 investments in eight weeks, Jio has already raised ₹104,326.95 crore (over $13.8 billion) by giving away 22% stake in the company. From Facebook to the latest from TPG and L Catterton, the investments have taken Jio Platforms’ equity value to ₹4.91 lakh crore and enterprise value to ₹5.16 lakh crore. <div type="image" title="reliance share price." msid="76316829" hostid="261"></div> <keyword id="6361416" type="PERSON" weightage="20" keywordseo="akash-ambani">Akash Ambani</keyword> chose Facebook While the breakneck speed of investments has got everyone in awe, at the Ambani household it’s building up as business as usual with <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s eldest son Akash taking charge. In 2014, Akash Ambani had joined Reliance’s telecom unit, two years before Jio was formally launched in the market. Ambani, then 22 and a fresh graduate from Brown University in Economics, had joined the company a little earlier than his father Mukesh, who was brought back from Stanford to join Reliance at the age of 24. Akash was set to be a part of the company’s then ambitious 4G venture. <div type="image" title="Akash Ambani with wife Shloka at the Reliance AGM 2019" msid="76316702" hostid="261" caption="&amp;lt;p&amp;gt;Akash Ambani with wife Shloka at the Reliance AGM 2019&amp;lt;/p&amp;gt;"></div> And now, the young Ambani is leading the Jio deals, two sources told Business Insider. “Akash was the one to choose the Facebook deal. He has a lot of say in the deals. They decided on Facebook as the first investor because it comes with Instagram and Whatsapp,” a source told Business Insider. While the deals are being closed by Akash and the Reliance veteran Manoj Modi⁠— also the CEO of Reliance Retail ⁠— having Mukesh Ambani as the father and the Chairman of the company helps. “It’s easy when it's Mukesh Ambani. Investors only looked at how secure the money is and the reputation of the people who are running it. There are three things behind the deals – trust and reputation of Mukesh bhai, hard work of Akash and his team at JIO, plus the deal closure skills of Manoj Modi,” a source told Business Insider. Former international financier Anshuman Mishra shared something similar on Twitter. <div type="twitter" handle="mphholdings" handlename="Anshuman Mishra" image="http://pbs.twimg.com/profile_images/1270191503277686784/st9XBJHO_normal.jpg" favoritecount="159" retweetcount="21" status="Solid Friendship, deep bonding being cemented this week. First @Mubadala &amp; today Abu Dhabi Investment Authortiy. Th… https://t.co/I9tIb2A3q0" createdat="1591538017000" id="1269628582218862593"></div> Inside the deals from Abu Dhabi The Abu Dhabi Investment Authority and the Mubadala Investment Company both come under the Abu Dhabi royal family and have both separately invested in Jio. Sources told Business Insider that the discussions on the deal began on April 22 and were wrapped up before Ramadan. “Within two-three years if Reliance Jio goes for a $100 billion IPO (initial public offering) then these companies would have got a 30% return, whereas private equity firms also offer 25% return. They will double the money in 3 years and that’s why they are excited. Mukesh Ambani’s track record, good management where they made a bold call and invested billions of dollars in Jio has proven beneficial. Now they are just diluting a bit out of it,” one of the sources said. Mukesh Ambani had already said in his ast AGM that both the verticals— Retail and Jio ⁠— will be separately listed companies in the next five years. The promise of Jio Jio, which was launched in 2016 and in less than four years went on to become the largest telecom provider, got the investors interested, more so because of the plan in store. <div type="image" title="Jio Subscribers" msid="76316761" hostid="261"></div> “A jio is not just a telecom player, they are expanding like anything, the next big wave will be jio fiber. Honestly, the kind of demand they are getting right now, they are not being able to apply. And there are multiple reasons for the jio fiber demand, it will be a gamechanger in the broadband space and will hurt a lot of people. There will be an impact on the DTH players as well when Jio will bundle cable and internet services,” said Karan Chechi, director at TechSci research. Jio Fiber was launched in 2018, and the company is now planning to increase its user base to over 2 crore subscribers and soon, <a href="https://www.timesnownews.com/technology-science/article/reliance-plans-to-take-jio-fiber-broadband-to-over-2-crore-households-reveals-bombay-stock-exchange-document/593637">cover 99% of the population.</a> But Jio is not rushing for the IPO. “None of the investors have dictated anything - the Jio story is that good and impressive. No intervention from the investors for the IPO, all the shots are being called by the promoter, that is Reliance ,” a source told Business Insider. More deals in the next few days The next investment is set to come through from Saudi Arabia’s sovereign fund – Public Investment Fund, which comes under the royal family of Mohammad bin Salman‎. MBS, as he is popularly known, is one the biggest tech investors. Some joke that <a href="https://qz.com/1426370/silicon-valley-is-awash-with-saudi-arabian-money-heres-what-theyre-investing-in/">Silicon Valley is funded by MBS</a> – with investments in Uber, Lyft and $45 billion in SoftBank’s Vision Fund. The deal is set to be closed in the coming week. But that’s not it. TPG Capital, a leading Private Equity firm, is the latest to start talks with Jio, a source told Business Insider. And then, Reliance Jio gets to pick between Google and Microsoft for the last tranche of investments, two sources in the know told Business Insider. “The ball is in Reliance’s court – they get to pick and choose. They will decide what is the best strategic fit for Reliance and will evaluate how smart the money is,” said the source. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-jio-may-have-to-pick-between-google-and-microsoft-for-its-final-tranche-of-investments/articleshow/76261727.cms">EXCLUSIVE: Reliance Jio may have to pick between Google and Microsoft for its final tranche of investments</a> <a href="https://www.businessinsider.in/business/news/from-softbank-to-googles-waymo-all-you-need-to-know-about-reliance-jios-latest-investor-mubadala-investment-company/articleshow/76207469.cms">From SoftBank to Google's Waymo – all you need to know about Reliance Jio's latest investor Mubadala's investments</a> <a href="https://www.businessinsider.in/policy/economy/what-is-capitalism-without-capital-and-why-is-the-ceo-of-bombay-stock-exchange-recommending-it-for-india/articleshow/76315962.cms">What is ‘Capitalism without Capital’ and why is the CEO of Bombay Stock Exchange recommending it for India</a>

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Akash Ambani’s keeping up the family tradition of breaking into global lists

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Reliance Jio 5G services could be launched on August 15

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Isha and Akash Ambani, Adar Poonawalla, Byju Raveendran — meet the Indians who made it to Fortune's ‘40 under 40’ list this year

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Jio Glass – Akash Ambani and Isha Ambani announce Reliance’s latest product which offers holographic video calls

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EXCLUSIVE: Inside the Reliance Jio deals – Akash Ambani was the one to choose Facebook, the next big investments and the ideas sold to investors

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