In his AGM speech, Reliance Industries (RIL) chairman Mukesh Ambani laid out his long-term vision for integration of consumer-facing businesses (RJio & Retail) and conversion of all RIL's fuel products to petrochemicals within a decade (due to the threat to refining from electric vehicles). Future large investments will likely be weighted towards the petchem and digital divisions. We raise earnings estimates by 6%/10%/5.7% for FY19/FY20/FY21 as we...