Topic
ril
Business Reliance Industries Q1 Profit Falls 25% to Rs 23,196 Crore, Revenue Rises 25%
Reliance Industries reported a 25% decline in Q1 profit to Rs 23,196 crore, beating estimates, as revenue rose 25% to Rs 3.1 lakh crore. The drop was due to a one-off gain in the year-ago quarter from the sale of a stake in Asian Paints. EBITDA grew 10% to Rs 51,403 crore, led by strong performance in O2C and Jio.
Business Reliance Industries Q2 FY27 Results: Record EBITDA, Revenue Surges 25% Year-on-Year
Reliance Industries Ltd reported its highest-ever quarterly core profit and EBITDA for the June quarter, with consolidated revenue rising 25.4% year-on-year to Rs 3.12 lakh crore. Recurring EBITDA increased 10.1% to a record Rs 54,067 crore, despite geopolitical tensions and volatile commodity markets. The Oil-to-Chemicals and Jio Platforms businesses drove strong performance.
Business RIL AGM: Jio Platforms Files for $4B IPO, AI and Satellite Broadband Take Centre Stage
Reliance Industries Chairman Mukesh Ambani unveiled strategic plans at the 49th AGM, including Jio Platforms' draft IPO for up to ₹37,700 crore ($4B), making it India's largest public issue. The company is advancing artificial intelligence, satellite broadband, and renewable energy initiatives while transitioning operational leadership to his children.
Business RIL, IndiGo, Nestle India Lead Stock Watchlist on June 16 as Analysts Issue New Ratings
Analysts from Morgan Stanley, Citigroup, Macquarie, Jefferies, and Nomura issued ratings on Reliance Industries, LG Electronics India, GMR Airports, Interglobe Aviation (IndiGo), and Nestle India on June 16. RIL is highlighted as a top pick with a target of Rs 1,803, while IndiGo's management focuses on pricing over capacity. Nestle India faces regulatory notice over Maggi larvae complaint, which it disputes.
Technology Meta Partners with RIL for AI Data Centre in India
Meta has partnered with Reliance Industries to establish a 168-megawatt AI data centre in Jamnagar, Gujarat. This collaboration marks Meta's first AI data centre deal in India, highlighting the country's growing appeal for AI infrastructure investments.
Business Supreme Court Clears RIL in 2007 RPL Trading Case
The Supreme Court has cleared Reliance Industries Limited (RIL) of charges related to illegal gains in the 2007 Reliance Petroleum (RPL) trading case. The court set aside the Securities Appellate Tribunal's order for disgorgement but upheld penalties for violating a 2001 SEBI circular.