Reliance Industries loses â¹15,800 crore m-cap after AGM
India's second-most valuable company Reliance Industries lost â¹15,870 crore in market capitalisation on Thursday after future plans for Reliance Jio were announced at the 41st Annual General Meeting. Chairman Mukesh Ambani announced the launch of fiber-based fixed-line broadband service JioGigaFiber. The company also introduced JioPhone 2, an upgraded version of JioPhone, at a price of â¹2,999.