Analysis: Mukesh Ambani is dialling new Bharat with Reliance JioPhone
It is a well-accepted fact that everything Reliance Industries (RIL) does has ‘scale’, but what the recently conducted annual general meeting (AGM) of the company did, has established it as a corporate giant with ‘style’ along with substance. Right from the town-hall styled full-screen visuals in the backdrop to the peek into the privileged footage of Dhirubhai Ambani’s journey through various milestones, to the dramatic suspense-laden announcement of the pricing of the Jio Phone as a postscript to Mukesh Ambani’s speech — all of it made for a captivating and engaging piece for shareholders and investors across the spectrum. However, those 100 minutes of the AGM aforementioned have arguably but unequivocally begun the process of changing the economic landscape of our country in years to come. What RIL has launched in the form of an affordable Jio Phone handset is not just a great tweak to the business model that the company is likely to follow to make itself profitable, but ...