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Mumbai: Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, Wednesday became the first woman to be appointed on the board of the nation's largest private firm.

The appointment helps RIL meet a new law requiring listed companies to have at least one woman in the boardroom to boost gender diversity.

"Shareholders of RIL approved the appointment of Nita M Ambani, Chairperson of Reliance Foundation, as Director on the Board of RIL in the AGM held today," the company said in a statement here.

Nita, 50, took the place of Mukesh's uncle Ramniklal H Ambani, who retired from the board at the age of 90.

Taipei: Taiwan`s Acer Inc on Wednesday said it has appointed co-founder and board member George Huang as new chairman, tasked with overseeing the recovery of the PC maker`s near-dominant position in a shrinking industry.

The appointment was announced after Acer`s annual general investor meeting. It followed the retirement of co-founder Stan Shih, who returned to the company in November to lead a restructuring effort that welcomed a new chief executive and chief financial officer.

Mumbai: Reliance Jio Infocomm Ltd on Wednesday said it will commercially launch 4G services in 2015, entailing investments of Rs 70,000 crore.

"The year 2015 will see the phased launch of Reliance Jio across India... The fruits of the tremendous value created by this Rs 70,000 crore initiative would start to flow," Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said in his address to shareholders.

RIL promoted RJIL holds pan-India broadband wireless access (BWA) spectrum that can be used for 4G services. The company had acquired it through auction for Rs 12,847.77.

Mumbai: Retail business will emerge as a major growth engine for the consumer segment of Reliance Industries while it will continue with its expansion in existing and new markets besides exploring new channels, company Chairman Mukesh Ambani said on Wednesday.

"In coming years, retail will emerge as a major growth engine for our consumer business and Reliance by creating significant societal value and providing even greater choice and value to consumers and small enterprises," Ambani said in his address to shareholders.

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