Let us face it RIL has spoken about hiving off its Oil-to-Chemicals business or the O2C business into a separate subsidiary. It will approach the NCLT for requisite approvals. This fits with the larger plan to position itself in new oil; which is data. This is almost like a shift from old economy to new economy and the AGM has emphasised on this point.

RIL has also announced Jio TV + Jio Glass, on the lines of Google Glass. Jio TV will curate all OTT platforms like Netflix, Amazon Prima and Hotstar into a single app, emerging as a Super OTT platform. Jio Glass will be a mixed reality for virtual interactions. Perhaps the day is not far when all meetings will be virtual. This is a clear shift out of old oil to new data.