The big fish Reliance industries Limited on Thursday reported a profit of 28% for the quarter .It was much higher than expected refining and petrochemicals.Reliance Industries is the operator of world largest oil refining complex at Jamnagar Gujarat. All eyes are set locked on the annual general body meeting today waiting for announcements on Mukesh Ambani-promoted telecom arm, Jio.
The most expected announcement and it speculated the launch of 4G feature phones. Free of cost JioPhone will be available for pre-booking from August 24 said Mukesh Ambani which grabbed all attentions.He also said that from the last quarter of this year JioPhones will be manufactured in India itself.
Weekly tarrif plan of Rs 54 and tiny 2-day plans at Rs 24 to be launched.He added JioPhone will be provided with a TV cable for casting programmes on any TV setwhich has a cable provision.Some of the other highlights are Jio will give access to unlimited data on its feature phone at just Rs 153/ month.Added to this JioPhone has the facility to support 22 major Indian languages