After free data, Reliance now announces 'free' Smartphones

Reliance AGM 2017: 'Free' 4G VoLTE feature phone launched

Mukesh Ambani also briefed about the tariffs and data plans of JioPhone. The phones will be available at a security deposit of Rs 1500, which is refundable after 3 years. Of course, users will have to spend on recharge plans and tariffs to use Internet on the device.

The announcement comes nearly a year after Ambani launched the Reliance Jio 4G network with free voice calls for life and vastly cheaper data plans, forcing rivals to dramatically slash their tariffs. Feature phones account for over 55 per cent of phones sold in India and up until now, these users could not enjoy fast 4G speeds. It supports 22 Indian languages and also supports voice commands to call anyone in your contacts. "At the same time, this will put pressure on the handset and the cable industry too, which will be compelled to match this price point", he added.

But they largely played down the potential disruption levels likely to be caused by the JioPhone in the telecom market as they remain skeptical about the Mukesh Ambani-run telco's chances of increasing revenue and grabbing top-end customers merely on the strength of an attractive handset bundling deal.

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"Further, in our view maintaining of the Rs 153 per month ARPU (average revenue per unit) will be positive for incumbents (same effective monthly price to now active plan of Rs 309 for two months)". Ambani said that Jio was committed to ending "digital disempowerment and unfairness" by providing affordable data and devices.

"The arrival of Jio's low-priced 4G phone is the company's way of reaffirming to the incumbents that the old telecom game has changed for good, and gone digital, leaving them with no option but to put similar mass-market 4G devices in the hands of a huge population of data hungry folks who now can't afford expensive smartphones", said Das.

Ambani dedicated the JioPhone to the nation and said digital life will no longer be the privilege of the affluent few.

20 dead in Yemen from Saudi-led coalition attack
Repeated attempts to bring about a political solution to the conflict, including a series of UN-mediated peace talks, have failed. The statement said the civilians had fled fighting in the nearby Mokha district, on the Red Sea coast.

"RIL's market capitalization has grown from Rs. 10 crore in 1977, to over Rs. 5 lakh crore now, at a compound annual growth rate of 32 percent", he said. In a regulatory filing, the company said bonus would be issued by "capitalization of its reserves in the ratio of 1 bonus equity share of Rs. 10 each fully paid-up for every 1 existing equity share of Rs. 10 each fully paid-up (that is in the ratio of 1:1)". "It took 25 years for our competitors to build a 2G network", he said. I can feel as if he is sitting here, smiling and talking to me and to all of you. You have the responsibility to protect Reliance and promote the interests of all its shareowners, partners and employees.

It was after eight years, company announced bonus shares.

There was an emotional moment at the AGM when Ambani's mother Kokilaben broke down public as her son paid tribute to her late husband Dhirubhai Ambani.

All countries are with us: Sushma on India-China standoff at Doklam
The Chinese action "is a challenge to our security", the Minister said, adding India was not doing anything unreasonable. Her response came as China demanded that Indian forces leave the area to avoid an escalation.

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