Mukesh Ambani shares Reliance FY26 record and Jio IPO plans
Business
Mukesh Ambani just shared some major updates at Reliance's 49th AGM.
FY26 was a record year for the company, with its highest-ever revenue and profit, thanks in large part to retail and digital businesses.
Reliance invested ₹1,44,271 crore during FY26 alone, and Jio Platforms is gearing up for an IPO with a fresh issue of up to 27 crore equity shares.
Jio 524 million users MyJio adds AI
Jio now has more than 524 million users, with data usage jumping over 30% every year.
Reliance is building a renewable energy-powered AI hub in Jamnagar and adding new AI tools to MyJio.
On the retail side, they're aiming for ₹1 lakh crore in revenue by FY30 by expanding into everything from apparel to electronics, so expect more from them across your favorite categories.