Reliance Industries: News

28 May 2024

Adani Group

Adani Group may soon offer UPI, credit card, e-commerce services

Adani Group, one of India's prominent conglomerate, is reportedly strategizing to penetrate the e-commerce and digital payments sectors.

Reliance Industries to transfer unclaimed shares to government fund

Reliance Industries Limited (RIL) has publicly announced its decision to transfer unclaimed shares to the Investor Education Protection Fund (IEPF), which is managed by the central government.

Reliance seeks CCI approval for Viacom18-Star India's $8.5B merger

Reliance Industries has sought approval from the Competition Commission of India (CCI) for an $8.5 billion merger between Viacom18 and Star India Pvt Ltd (SIPL).

24 May 2024

Reliance Jio Infocomm

Jio Financial Services subsidiary announces $4.32 billion telecom equipment purchase

JioLeasing Services Ltd (JLSL), a Jio Financial Services subsidiary, has unveiled plans to acquire customer premises equipment, and telecom equipment worth $4.32 billion from Reliance Retail.

23 May 2024

Mukesh Ambani

Reliance Industries planning to jump into consumer durables market

Reliance Industries Limited (RIL) is preparing to venture into the consumer durables sector.

19 May 2024

Bharti Airtel

M-cap of 8 top Indian firms skyrockets ₹1.48 lakh crore

Eight of the top-10 most valued companies in India experienced a significant surge in their market capitalization last week, collectively adding ₹1,47,935.19 crore.

12 May 2024

HDFC Bank

Market cap of top Indian firms plummets by ₹1.73L crore

Last week, six of the top-10 most valued companies in India, experienced a drop in their combined market valuation, with a total loss amounting to ₹1,73,097.59 crore.

07 May 2024

Met Gala

Met Gala 2024: Isha Ambani's gown took 10,000hrs to make!

The Metropolitan Museum of Art in New York City hosted the prestigious Met Gala 2024, a grand event that brought together global luminaries to celebrate the convergence of art, culture, and fashion.

05 May 2024

Bharti Airtel

Market cap of 6 major companies declined by ₹68,400 crore 

Last week, six out of the 10 most valued firms experienced a significant decrease in their combined market valuation by ₹68,417.14 crore.

28 Apr 2024

ICICI Bank

SBI, ICICI Bank emerge as top performers in market capitalization

Last week, a significant increase was observed in the combined market capitalization of six out of the ten most valued companies, which rose by ₹1,30,734.57 crore.

14 Apr 2024

Stock Market

Market valuation of 7 Indian firms skyrocketed by ₹59,404 crore

In a week shortened by the Eid-Ul-Fitr holiday, seven of India's ten most valued firms witnessed a combined market valuation surge of ₹59,404.85 crore.

10 Apr 2024

Stock Market

Sensex settles above 75,000 mark, Nifty closes at all-time high

The stock market had a bearish opening on Wednesday, but the benchmark Sensex and Nifty indices witnessed a surge.

10 Apr 2024

Elon Musk

Tesla in discussions with Reliance for EV operations in India

American electric vehicle (EV) manufacturer, Tesla, is reportedly in discussions with Reliance Industries about a potential partnership.

07 Apr 2024

HDFC Bank

HDFC Bank and LIC led market cap boost last week

Last week, four of India's most valued companies, including HDFC Bank and Life Insurance Corporation of India (LIC), experienced a significant increase in their market valuation.

05 Apr 2024

Stock Market

Sensex closes flat near 74,250 mark, Nifty settles above 22,500

On Friday, major indices of the stock market ended flat. While the Sensex gained 20.59 points to end at 74,248.22 points, the Nifty traded flat at 22,513.7 points.

04 Apr 2024

Stock Market

Sensex crosses 74,200 mark, Nifty settles above 22,500

On Thursday, the benchmark Sensex and Nifty indices saw gains.

03 Apr 2024

Tata Steel

Adani Power shares skyrocket to record highs: What's fueling rally?

Adani Power's shares reached a fresh record high on April 3, marking the fourth consecutive day of gains.

01 Apr 2024

Stock Market

Sensex ends above 74,000 mark, Nifty settles near 22,500

On Monday, the stock market had a bearish opening, but the benchmark Sensex and Nifty indices witnessed a surge.

24 Mar 2024

Stock Market

BSE benchmark ascends despite declined valuation of top firms

The Bombay Stock Exchange (BSE) benchmark experienced a slight uptick last week, climbing by 188.51 points or 0.25%, signaling a positive trend in the stock market.

18 Mar 2024

Stock Market

Sensex gains 105 points, Nifty settles above 22,050

On Monday, major indices of the stock market ended flat but in the green.

Reliance leads top 5 firms with significant market cap drop

Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore.

11 Mar 2024

Stock Market

Sensex tanks over 600 points, Nifty settles near 22,330 mark

On Monday, the benchmark Sensex and Nifty indices were on a downward trend.

07 Mar 2024

Salman Khan

Anant-Radhika's pre-wedding: Salman Khan performs at Reliance Industries dinner party

Salman Khan lit up the stage in Jamnagar on Wednesday, performing for Reliance Industries employees alongside Shah Rukh Khan, Arijit Singh, and Ranveer Singh.

05 Mar 2024

Stock Market

Sensex slips 195 points, Nifty barely holds above 22,350

On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend.

04 Mar 2024

Stock Market

Sensex closes near 73,900 points, Nifty settles at all-time high

On Monday, the stock market ended flat but in green. Sensex settled at 73,872.29 points, while the Nifty stood at 22,405.6 points, a new all-time closing high.

29 Feb 2024

Disney India

Disney-Reliance deal: What the $8.5B media merger entails

Disney is teaming up with India's largest conglomerate, Reliance Industries, in an $8.5 billion joint venture deal to create a media giant in India.

26 Feb 2024

Disney India

Reliance and Disney may announce merger this week

Reliance Industries and the Walt Disney Company are set to make a groundbreaking announcement this week, as they have signed a binding agreement to merge Viacom18 and Star India.

23 Feb 2024

Stock Market

Jio Financial Services's market cap crosses Rs. 2 lakh crore

Jio Financial Services Ltd. has reached a market capitalization of over Rs. 2 lakh crore for the first time, thanks to a 35% increase in its share price this year.

Reliance-backed consortium to roll out 'Hanooman' AI models this March

A groundbreaking collaboration between Reliance Industries and India's leading engineering institutions, will unveil the 'Hanooman' series of Indic language models next month.

19 Feb 2024

Stock Market

Sensex gains over 280 points, Nifty settles above 22,120 mark

On Monday, the benchmark Sensex and Nifty indices saw gains.

15 Feb 2024

Disney India

Reliance may acquire 30% stake in Tata Play from Disney

Reliance Industries (RIL) is said to be in talks to acquire a 29.8% stake in Tata Play, a satellite TV and streaming service. The stake is currently owned by Walt Disney.

05 Feb 2024

Paytm

Jio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm? 

Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.

01 Feb 2024

Disney India

Reliance to acquire over 50% stake in Disney India

Reliance Industries and Disney India are working out their merger plans, with Reliance potentially acquiring a 51%-54% stake, valuing Disney's local operations at $3.5 billion.

01 Feb 2024

Jio Platforms Limited

Reliance Jio IPO likely to happen in 2025 

Reliance Jio is expected to launch its initial public offering (IPO) in 2025.

30 Jan 2024

Reliance Jio

Reliance's 'JioBrain' will help businesses create new AI-powered services

Reliance Industries's subsidiary Jio Platforms has unveiled an innovative artificial intelligence (AI) platform, named JioBrain.

29 Jan 2024

Stock Market

Sensex gains over 1,240 points, Nifty settles near 21,740 mark

On Monday, the stock market closed on a bullish note. The Sensex gained 1,240.9 points or 1.76%, to settle at 71,941.57 points, while the Nifty climbed 385 points or 1.8%, closing at 21,737.6 points.

22 Jan 2024

Stock Market

Ram Mandir inauguration: Check what's open and what's shut today

As Ram Mandir is about to be inaugurated in Ayodhya, several offices and institutions have declared a holiday or half-day leave today.

21 Jan 2024

HDFC Bank

Top 5 firms' market value declines by Rs. 1.68L crore

Last week, the market value of five leading companies, including HDFC Bank, Reliance Industries, Hindustan Unilever, and State Bank of India, dropped by a staggering Rs. 1.68 lakh crore.

19 Jan 2024

Reliance Jio

Reliance Industries, Jio, and Retail's Q3 results out: Details here

Reliance Jio, a telecom subsidiary of Mukesh Ambani's Reliance Industries, has announced its results for the quarter ending December 2023.

16 Jan 2024

Stock Market

Sensex tanks 200 points, Nifty settles above 22,000 mark

On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump after reaching a record-high in yesterday's session.

16 Jan 2024

HDFC Bank

HDFC, Reliance in fray to become India's first trillion-dollar company

ICICI Securities predicts that one of three Indian giants—HDFC Bank, Reliance Industries, or Bajaj Finance—could become India's first company to achieve a market value of $1 trillion by 2032.

15 Jan 2024

Business

Jio Financial Services Q3 net profit falls 56% QoQ

Jio Financial Services, a branch of Reliance Industries, experienced a drop in net profit for the December quarter of the current fiscal year, settling at Rs. 293 crore compared to the previous quarter's Rs. 668 crore.

11 Jan 2024

Mukesh Ambani

Mukesh Ambani enters $100bn club, surpasses Adani as Asia's richest

Mukesh Ambani, the Chairperson of Reliance Industries, has once again pipped Gautam Adani, the Chairperson of Adani Group, to become Asia's richest person.

04 Jan 2024

Walt Disney

Reliance, Disney begin antitrust due diligence for merger

Business tycoon Mukesh Ambani's Reliance Industries and Walt Disney are making headway in their proposed merger to create an entertainment powerhouse in India.

31 Dec 2023

Stock Market

M-cap of 8 most valued firms surges to Rs. 1,29,000cr

During the recent holiday-shortened week, the combined market valuation of eight of the top 10 most valued Indian companies jumped to Rs. 1,29,899.22 crore.

25 Dec 2023

Walt Disney

Disney-Reliance merger to be finalized by February 

Reliance Industries, India's top-valued company, is joining forces with Walt Disney to merge their Indian media operations.

Exploring India's emerging LLM landscape: Krutrim, OpenHathi, BharatGPT and more

In his visit to India in June, OpenAI CEO Sam Altman sparked discussions by appearing to downplay the possibility of a groundbreaking Large Language Model (LLM) originating from the country.

14 Dec 2023

Adani Group

RIL emerges as biggest wealth creator for 5th consecutive year

Reliance Industries Limited (RIL) has secured its position as the top wealth creator in India for the fifth consecutive year, according to a Motilal Oswal study.

Reliance, Disney drafting term sheet to merge their India operations

Reliance Industries Ltd. (RIL) and Walt Disney Co. are in talks to merge their media and entertainment operations in India.

21 Nov 2023

West Bengal

Reliance to invest Rs. 20,000cr in Bengal over 3 years

Mukesh Ambani, the chairman and managing director of Reliance Industries Limited (RIL), on Tuesday announced the company's intention to invest an additional Rs. 20,000 crore in West Bengal over the next three years.

16 Nov 2023

Isha Ambani

RBI approves Isha Ambani, others as directors of Jio Financial 

The Reserve Bank of India (RBI) on November 16 approved Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia to join the board of directors at Jio Financial Services Ltd.

16 Nov 2023

JioCinema

JioCinema signs exclusive pact with Pokemon for streaming children's content

JioCinema, the entertainment division of Reliance, has inked an exclusive agreement with The Pokemon Company to offer children's shows and films on its platform.

31 Oct 2023

Mukesh Ambani

Mukesh Ambani receives 3rd death threat demanding Rs. 400cr

Reliance Industries Chairman and Managing Director, Mukesh Ambani, has reportedly received another death threat via email from an unidentified person, the police revealed on Tuesday.

28 Oct 2023

Mukesh Ambani

Mukesh Ambani receives death threat, case registered

Mukesh Ambani, the chairman and managing director of Reliance Industries, has reportedly received a death threat from an unidentified person.

27 Oct 2023

Reliance Jio Infocomm

Reliance Jio's Q2 net profit climbs 12% to Rs. 5,058cr

Reliance Jio Infocomm, a subsidiary of Reliance Industries, has announced a standalone net profit of Rs. 5,058 crore for the quarter ending September, representing a 12.10% year-on-year (YoY) growth.

27 Oct 2023

Mukesh Ambani

Shareholders approve: Ambani scions to soon become RIL's non-executive directors

Reliance Industries' shareholders have given the green light for Isha Ambani, Akash Ambani, and Anant Ambani to become non-executive directors of the company.

Reliance partners with SBI to launch co-branded credit cards

Reliance is gearing up to join the rapidly expanding co-branded credit card sector in India.

17 Oct 2023

Bharti Airtel

Airtel, Jio may face Rs. 14,400cr tax bill: Here's why

The Supreme Court's recent decision to classify telecom operators' license fees as "capital in nature" could result in hefty tax demands for Bharti Airtel and Reliance Jio.

17 Oct 2023

Mukesh Ambani

Mukesh Ambani's Jio Financial Services to launch new loan products

Jio Financial Services (JFS) is gearing up to launch a variety of loan products, including auto and home loans, as the Mukesh Ambani-backed company aims to become a one-stop financial services firm in India's rapidly growing market.

16 Oct 2023

NBFC

Jio Financial's Q2 net profit jumps 101% to Rs. 668cr

Jio Financial Services has announced its first-ever quarterly results since going public in August.

25 Sep 2023

Business

Reliance Industries shares enter oversold territory: What it means

Reliance Industries Ltd., India's largest company by market valuation, has faced a challenging streak as its stock fell for the fifth consecutive day, plunging the conglomerate into oversold territory for the first time since March.