Reliance Industries' annual general meeting (AGM) will start at 11 am. The company's chairman Mukesh Ambani is expected to talk about its biggest launch this year - Reliance Jio. This is the company's big push in the telecom sector, with Jio betting big on its 4G services.
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We don't expect to see the company announce the commercial launch of Jio 4G services just yet, but Reliance Jio officials have hinted that it's going to be an important announcement. The company could also make announcements regarding its JioOnDemand video service. The company has offered Jio 4G SIM cards under a preview offer that includes three months of free 4G usage with no limits on the amount of data you can use. This has led to iPhone-like queues at various Reliance stores.
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As of now Jio SIM cards are not available for all smartphones, so you will have to check if your phone is compatible before buying one of them. That hasn't stopped people from queuing up to get one of these SIM cards. Mobile data is still at a premium in India, and Jio's offer seems to have caught people's attention simply because of its cost - zero for a limited time.
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At today's AGM, Reliance may announce data tariffs for Jio 4G services after the preview offer ends. The commercial launch could still be a few months away. Reliance Jio's preview offer has also made established operators such as Airtel slash 4G data tariffs.