RIL AGM 2025 Updates: Jio IPO by 1st half of 2026, $100 million JV with Meta and other key announcements

Reliance Industries AGM 2025 News: Who is Robin Minz, MI's tribal cricketer who Nita Ambani mentioned in her speech?

Robin Minz has carved his name in IPL history by becoming the first tribal cricketer to feature in the tournament. The 21-year-old wicketkeeper-batter caught the attention of both Mumbai Indians and Gujarat Titans during the auction, sparking a bidding contest that pushed his value from a base price of Rs 20 lakh to a final contract of Rs 65 lakh with Mumbai Indians.

The tribal cricketer, was mentioned by Nita Ambani during her address at the Reliance Industries Limited (RIL) Annual General Meeting. The young wicketkeeper-batter’s inclusion highlighted MI’s focus on nurturing talent from diverse backgrounds. (Read more)

Reliance Industries AGM 2025 News: Why Jio's IPO plans hold importance?

Reliance Industries Ltd, India's most valuable company, said it is preparing to take its telecom arm, Reliance Jio Infocomm Ltd, public in what would unlock value for its 4.4 million shareholders. "Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first-half of 2026, subject to all necessary approvals," Chairman Mukesh Ambani told shareholders at the company’s 48th annual general meeting.

The IPO would crystallize nearly a decade of breakneck growth that has reshaped India’s telecom and digital economy. Since its commercial debut in 2016, Jio has amassed more than 500 million customers, more than the combined populations of the US, UK, and France, by offering affordable data and free voice calls. The company’s network has underpinned India’s UPI payments boom, and the emergence of dozens of unicorn startups. (Read more)

Reliance Industries AGM 2025 News: What Mukesh Ambani said about Reliance-Meta's $100 million JV

Reliance Industries AGM 2025 News: What Mukesh Ambani said about Google Cloud partnership

Reliance Industries AGM 2025 News: Reliance FMCG arm eyes Rs 1 lakh crore revenue in five years, says Isha Ambani

Reliance Industries is sharpening its consumer play by carving out its fast-growing FMCG and retail brands into a standalone unit, a move Isha Ambani said will give the business exclusive focus on markets, products, and customers. Reliance expects the FMCG business to hit a revenue of Rs 1 lakh crore in five years, making it the fastest FMCG business to reach this milestone.

"India's consumer market is a $2 trillion high-growth opportunity, expanding at over 8% annually. We need a strategic approach to seize this opportunity,” Reliance Retail Director Isha Ambani said during the conglomerate's 48th annual general meeting. (Read more)

Reliance Industries AGM 2025 News: Know about Reliance-Meta's $100 million JV

Oil-to-retail conglomerate Reliance Industries has formed a joint venture (JV) with Facebook parent Meta Inc to develop artificial‑intelligence (AI) solutions for enterprises in India and select international markets, chairman Mukesh Ambani announced during the Annual General Meeting.

As part of the JV agreement, RIL and Meta have jointly committed to an initial investment of Rs 855 crore ($100 million) to fund the venture, with RIL contributing 70 percent and Meta bringing in the rest of the 30 percent. The joint venture will develop Llama-based agentic enterprise AI platforms and tools as, well as ready-to-deploy vertical and sector‑specific solutions for Indian enterprises. (Read more)

Reliance Industries AGM 2025 News: Know about Reliance-Google's AI-dedicated cloud plans in Jamnagar

Reliance Industries Limited (RIL) has announced an expansion of its partnership with Google Cloud to establish a state-of-the-art, AI-focused cloud region in Jamnagar, marking a major step in India’s ambition to lead the global AI race. Under the collaboration, Google Cloud will provide its latest-generation generative AI compute expertise, while Reliance will design, build, and power the cloud facilities with green energy and connect them through Jio’s digital network.

The dedicated Jamnagar cloud region will link to metros like Mumbai and Delhi through Jio’s high-capacity fiber connectivity and will be powered entirely by Reliance’s renewable energy initiatives, ensuring sustainability at hyperscale. (Read more)

Reliance Industries AGM 2025 News: Know about JioPC that can 'turn your TV into AI-ready computer'

Reliance Jio Infocomm Ltd (RJIL) Chairman unveiled JioPC, a virtual desktop service that runs entirely through the cloud and works straight from its Jio set-top box.

“Today, we are proud to announce another leap forward – JioPC. JioPC is that revolutionary product that transforms your TV, or any other screen, into a full-feature, AI‑ready computer. You can easily get started by connecting a keyboard into your Jio Set-Top Box. Instantly, you get a virtual computer powered from Jio’s cloud with no upfront investment. You simply pay for what you use. And because JioPC lives in the cloud, it is always up-to-date, secure and you can remotely upgrade your memory, storage, and computing power based on your growing needs,” Ambani said at Reliance Industries’ (RIL) annual general meeting. (Read more)

Reliance Industries AGM 2025 News: Know about JioFrames, an AI-powered wearable platform built for India

Reliance Jio on Friday unveiled JioFrames, an AI-powered smart wearable designed to bring intelligence into everyday life, marking the company’s biggest push yet into consumer AI platforms.

“JioFrames brings the power of AI into your everyday life in the most natural way possible. Intelligence will not just be in your pocket, it will be right in front of your eyes,” said Akash Ambani, Chairman of Reliance Jio Infocomm, while introducing the device at Reliance Industries’ annual general meeting.

The glasses feature Jio’s multilingual AI voice assistant, enabling hands-free interaction in multiple Indian languages. Users can capture HD photos and videos, stream live, or instantly store memories in Jio’s AI cloud. Beyond content creation, JioFrames doubles as a personal AI companion—summarising books, offering guided recipes while cooking, providing information on landmarks while travelling, and enabling productivity with calls, meetings, music, and podcasts through built-in open-ear speakers. (Read more)

Reliance Industries AGM 2025 LIVE: Key address ends

Reliance Industries AGM 2025 LIVE: 'RIL will more than double its EBITDA by 2027,' says Mukesh Ambani

"The national wealth, employment, and societal impact created by our businesses and philanthropic initiatives are already so huge that they make me both humble and proud. But the best of Reliance is yet to come. In 2022, I made a promise that we will double Reliance by the end of our Golden Decade in 2028. At that time, our EBITDA was about ₹1.25 lakh crore ($ 14.6 billion). I reiterate that Reliance will more than double its EBITDA by the end of its Golden Decade in 2027," said RIL Chairman Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: ‘O2C business to achieve substantial growth’

"As I look to the future, I see our O2C business achieving substantial growth and delivering stable returns as geopolitical tensions subside. I also see rapid, innovation-driven growth in our materials business. We are well-positioned to produce high-value green fuels and chemicals, which India and the world will need. Our New and Clean Energy business is being built with a singular purpose: to make India self-sufficient in energy, and to resolve India's energy trilemma of security, affordability, and sustainability through world-scale giga manufacturing, through round-the-clock renewable electricity, and through green fuels and chemicals at global scale.

I am sure that our New Energy business will be a major driver of growth for many decades, with the potential to become as big as our Oil-to-Chemicals business within the next 5-7 years. In scale, ambition, and impact, it will surpass everything Reliance has done so far. It will create unprecedented, perpetual value for both India and Reliance," says Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: ‘In just one generation, Reliance transformed itself from a Fortune 1000 company to Fortune 40 global powerhouse’

"In just one generation, Reliance has transformed itself from a Fortune 1000 company to a Fortune 40 global powerhouse, creating over $200 billion in value – all within India. We have achieved this by staying true to the First Principles:

1. What is good for India is good for Reliance.

2. Build businesses of the future.

3. Build them world-class, and at mega scale – the largest and most competitive globally, with the highest standards of governance.

4. Invest in world-class talent and cutting-edge technologies.

Faithful adherence to these principles has been our value-creation dharma," said RIL Chairman Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: 'Reliance Foundation aiming to amplify our impact five-fold by 2035'

By 2035, in the landmark year of our Silver Jubilee, Reliance Foundation is preparing to amplify our impact five-fold – not in numbers alone, but in the lives we touch, the futures we shape, and the legacy we leave behind.

During the next decade, we aim to:

· Reach 400 million Indians

· Provide quality education to 300 million school going children

· Transform the lives of 100 million women

· Empower 50 million rural households," said Nita Ambani, Chairperson of Reliance Foundation.

Reliance Industries AGM 2025 LIVE: 'Reliance to develop new Coastal Road Gardens in Mumbai'

"Reliance is proud and honoured to take up the responsibility of developing and caring for the new Coastal Road Gardens – a green lung for generations to come. Spanning 130 acres, the Coastal Road Gardens and adjoining promenade will be the first of its kind public space featuring walkways, cycling tracks, and plazas – with trees and flowers in abundance – taking people back to Nature. This is a deeply personal project for me. It is about giving back to a city that has given so much to all Mumbaikars. And it is a responsibility we promise to fulfil with pride and purpose. The Coastal Road Gardens will stand as a legacy of care for our Mumbai – a symbol of balance between development  and environment, between progress and preservation," said Nita Ambani, Chairperson of Reliance Foundation.

Reliance Industries AGM 2025 LIVE: 'Reliance Foundation developing a 2,000-bed medical city in the heart of Mumbai'

"I am happy to share that we are also developing a state-of-the-art, 2,000-bed medical city in the heart of Mumbai. This will not be just another hospital. It will be India's new beacon of healthcare innovation where AI-powered diagnostics, cutting-edge medical technology, and some of the finest doctors from India and the world will come together to deliver care that will meet the best standards anywhere in the world. Today, some of the best doctors globally, come from India. And therefore, I am delighted to share that this hospital will include a transformative medical college that we hope our country will be proud of, and the world will look up to. We are determined to carry forward our mission to make world-class healthcare accessible and affordable to every Indian," said Nita Ambani, Chairperson of Reliance Foundation.

Reliance Industries AGM 2025 LIVE: 'Aatmanirbhar Bharat begins with an Aatmanirbhar Gaon'

"An Aatmanirbhar Bharat begins with an Aatmanirbhar Gaon. This year, our rural transformation initiatives touched the lives of nearly 1.5 million people across 55,000 villages. We work on strengthening rural India – not just at a community level, but within every single household by enabling water security, empowering fishing communities, promoting resilient farming techniques, and supporting women with opportunities and children with education. One of the pillars of early childhood education in rural India, are the Anganwadis. I am happy to share that Reliance Foundation, in partnership with the state governments of Maharashtra and Telangana, has transformed over 1,100 Anganwadis into vibrant, play-based learning centres. Our aim is to bring world-class early childhood education to over 10 million children in every corner of India," said Nita Ambani, Chairperson of Reliance Foundation.

Reliance Industries AGM 2025 LIVE: Nita Ambani on Reliance Foundation completing 15 years

"As I stand before you today, my heart is full. This year marks a very special milestone for me personally, and for all of us at Reliance Foundation. It has been 15 years since we began this journey of care and compassion. Today, I feel humbled and grateful to share that Reliance Foundation has reached out to over 87 million Indians – from the remotest towns to the largest metros. We work in every single state and in more than 91,500 villages. That is one in every seven villages of India. Over these years, we have nurtured children through world-class education; empowered women with more opportunities and livelihoods; healed families through affordable healthcare; provided relief in every natural calamity; inspired youth and athletes with training and global exposure; supported artisans by preserving their craft and dignity; and safeguarded our planet by protecting wildlife and embracing sustainability.

Reliance Foundation is our solemn commitment to shaping a new India – a Viksit Bharat – as envisioned by our Hon'ble Prime Minister, Shri Narendra bhai Modi," said Nita Ambani, Chairperson of Reliance Foundation.

Reliance Industries AGM 2025 LIVE: 'Mumbai Indians expanded to 7 teams in four continents'

Nita Ambani, Chairperson of Reliance Foundation, said Mumbai Indians family has expanded to 7 teams in four continents, winning a tournament in every single continent, adding to a total 13 trophies globally.

Reliance Industries AGM 2025 LIVE: 'Developing one of the world's largest single-site solar projects'

"In Kutch, Gujarat, we are developing one of the world's largest single-site solar projects spanning 5,50,000 acres of arid land – three times the size of Singapore. At peak, we will deploy 55 MW of solar modules and 150 MWh of battery containers every day. This will be among the fastest installations globally. This single site could meet nearly 10% of India's electricity needs within the next decade. Our marine and land infrastructure at Jamnagar and Kandla will connect seamlessly with solar and hydrogen at Kutch. We will produce and export green ammonia, green methanol, and sustainable aviation fuel. This will make India a global hub for cost-competitive green hydrogen and its derivatives.

While our initial focus will be to meet Reliance's own large captive demand, we plan to scale up to 3 MMTPA of green hydrogen equivalent production capacity by 2032, thereby unlocking a powerful growth engine for global markets," said Anant Ambani, Executive Director at Reliance Industries.

Reliance Industries AGM 2025 LIVE: 'Will be world's only fully-integrated self-sufficient co in new energy,' says Anant Ambani

"Our AI-driven, smart giga-factories are designed to be future-proof, keeping Reliance ahead in technology, ahead in cost-efficiency, and ahead in reliability. Products from the giga factories would be deployed for delivering round-the-clock renewable power and producing green chemicals, including green ammonia, e-methanol, and sustainable aviation fuel. With immense pride, I can say that Reliance will be the world's only fully integrated, self-sufficient company in New Energy," said Anant Ambani, Executive Director at Reliance Industries.

Reliance Industries AGM 2025 LIVE: 'Work on giga energy complex at Jamnagar progressing at record pace'

"At Jamnagar, work on the Dhirubhai Ambani Giga Energy Complex is progressing at record pace. It will be unmatched globally in size, scale, and integration. Here is the first glimpse of construction on this site:

· 5 million manhours of engineering

· 44 million square feet of building area – four times the Tesla Gigafactory

· 3.4 million cubic meters of concrete

· 7 lakh tonnes of steel – equal to 100 Eiffel Towers

· 1 lakh kilometres of cable – enough to reach the moon and back

· Over 50,000 workers at peak, supported by extensive construction automation

We have partnered with the world's leading engineering and construction companies to achieve best-in-class quality, cost, and schedule. Jamnagar will be the cradle of both the world's largest Conventional Energy complex and the world's largest New Energy complex. Jamnagar is the face of New Reliance and New India," said Anant Ambani, Executive Director at Reliance Industries.

Reliance Industries AGM 2025 LIVE: Anant Ambani shares update about Jio-BP

"Over the past year, Jio-bp has strengthened its position as one of India's fastest-growing fuel and mobility players. We have expanded our retail network to serve customers across key highways, urban hubs, and growth corridors. We have introduced differentiated fuels with ACTIVE technology, delivering better mileage and engine performance. Our EV charging and swapping infrastructure has grown rapidly, making Jio-bp a trusted partner in India's pivot to electric mobility. We are working closely with fleet operators, last-mile delivery companies, and urban transport systems to offer integrated energy solutions. We will continue to expand our network, scale our EV infrastructure, and introduce new green fuels, including biofuels and hydrogen. Jio-bp will play a vital role in powering India's mobility needs, while driving the transition to a cleaner, more sustainable future," said Anant Ambani, Executive Director at Reliance Industries.

Reliance Industries AGM 2025 LIVE: 'Hazira carbon fibre facility will be one of the world's largest,' says Anant Ambani

"Our Hazira carbon fibre facility will be one of the world's three largest, serving Aerospace, Defence, and Advanced Materials.

And at Jamnagar, we are on course to realising the autonomous refinery. Friends, Our Oil-to-Chemicals strategy anticipated today's dynamics:

· The convergence of energy and materials

· The premiumisation of petrochemicals

· Integrated feedstock optimisation

We have created a resilient, future-ready platform for sustained value creation. We consistently outperform global peers across cycles. This proves the strength of our execution and positioning. Our integrated platform, technology leadership, and strategic partnerships uniquely position Reliance. We are committed to delivering superior shareholder returns through every energy cycle," said Anant Ambani,Executive Director at Reliance Industries.

Reliance Industries AGM 2025 LIVE: Anant Ambani speaks at RIL AGM for the first time

"Our Exploration & Production business is a cornerstone of India's energy security. It contributes nearly 30% of the nation's natural gas output. As you know, natural gas is vital to India's clean and green energy transition. In FY-25, E&P delivered a record EBITDA of ₹21,188 crore ($2.5 billion). This was driven by higher output from both KG-D6 and CBM. KG-D6 production rose 4% to 28 MMSCMD of gas and 21,000 BOPD. We plan to add more new wells in the next fiscal. In the KG basin, we are advancing infrastructure-led exploration, with fresh drilling scheduled for 2026. CBM output increased by 30% to 0.8 MMSCMD. This was powered by India's first 40-well multilateral drilling campaign. A second campaign is already underway. We are embracing Deep Tech in every part of E&P. Our digital operations control centre, engineering twins, and process twins set new benchmarks in safety, reliability, and operational excellence," said Anant Ambani,Executive Director at Reliance Industries, in his first speech at RIL AGM.

Reliance Industries AGM 2025 LIVE: Here's what Isha Ambani says on consumer products business

"RCPL is set to become a direct subsidiary of RIL. This will consolidate all our consumer brands into a single, sharply focused company. Let me explain the benefits of this decision:

· First: India's consumer market is a $2 trillion high-growth opportunity, expanding at over 8% annually. We need a strategic approach to seize this opportunity.

· Second: Our 350 million middle-class households have a combined purchasing power exceeding ₹100 lakh crore ($1.2 trillion). They represent 600 million digitally-native and increasingly brand-conscious consumers who seek premium experiences at affordable prices.

· Third: For the first time in India's history, rural markets, consisting of 900 million consumers, are driving 65% of the FMCG growth. They are adopting global-quality branded products faster than urban markets, with penetration growing at 35% annually. This combination of a rising middle class and accelerating rural adoption marks an unmissable consumption opportunity.

· Fourth: RCPL is not just observing this transformation, we are shaping it by becoming a manufacturing company to deliver global-quality products at Indian prices.

As a separate company, RCPL will give this business the independence to focus exclusively on its markets, products, and customers without competing for management bandwidth. It will provide the agility to respond quickly to changing consumer trends and competitive dynamics. It will also allow us to attract the best talent in the industry, offering them a clear mandate and an exciting growth platform. This structure will enable sharper execution, faster innovation cycles, and deeper operational focus – all critical to winning in consumer markets. Our performance already speaks volumes about our ability to capture this opportunity. In just 3 years, RCPL has achieved what took other companies, decades. Last year alone, we had revenues of ₹11,500 crore ($1.4 billion), making us the fastest-growing FMCG player in India.

Campa Cola now holds double-digit market share across many states, breaking a 30-year MNC duopoly. Campa Energy gained 2 million social media followers in just 90 days – faster than established brands with decades of presence. Our daily essentials brand, Independence, has crossed ₹1,000 crore ($117 million) in revenue. We started in India, have entered West Asia, Sri Lanka, and Nepal, and are now exporting to West Africa. Our target is to enter at least 25 countries in the next 12 months, building an Indian consumer brands powerhouse with global reach. We believe that Brand India will shine bright globally when Indian consumer and tech brands conquer global markets. This is only the beginning. This FMCG business will also be the blueprint for expansion into apparel, electronics, and other large and high-value consumer categories – built on deep consumer insight, design excellence, Deep-Tech manufacturing scale, and unmatched distribution. Our near-term ambition is clear – to be the fastest consumer brands company to reach ₹1 lakh crore ($11.7 billion) in revenue within 5 years. Our long-term ambition is to become India's largest FMCG company with a global presence. This will make RCPL a big new value-creating engine for the Reliance Group, comparable to our Retail business in size and profitability," said Isha Ambani, Executive Director at Reliance Retail.

Reliance Industries AGM 2025 LIVE: 'Reliance Retail propelling India's consumption boom'

"Reliance Retail is not just participating in India's consumption boom. We are propelling it. And we are doing so with the discipline and confidence that come from funding growth through strong internal cash flows. This is why 20%+ CAGR is not just achievable – it is a target we are going to surpass. We have the market. We have the model. We have the means. And most importantly, we have the winner's mindset to make it happen. With your trust and support, we will continue to fuel India's retail story and light the way to a brighter, more prosperous future for all the stakeholders," said Isha Ambani, Executive Director at Reliance Retail.

Reliance Industries AGM 2025 LIVE: 'We lead in hyperlocal quick commerce,' says Isha Ambani

"We also lead in hyperlocal quick commerce, using our incomparable store network, strategically located dark stores, and deep consumer data to offer faster, more reliable deliveries than any competitor. Our registered customer base has grown to 349 million, up 15% year-on-year. We processed around 1.4 billion transactions in the year – nearly matching the population of India – a scale that only reinforces our ability to grow profitably," said Isha Ambani, Executive Director at Reliance Retail.

Reliance Industries AGM 2025 LIVE: Reliance Retail aiming for 20%-plus CAGR in revenue in next 3 years, says Isha Ambani

We aim for Reliance Retail's CAGR to reach 20% in the next three years, said Isha Ambani, Executive Director at Reliance Retail. Stores remain the backbone of retail revenues, and online channels contribute high single digit share in revenues but will grow to 20 per cent in next 3 years, she added.

Reliance Industries AGM 2025 LIVE: 'Reliance Consumer Products to become a direct subsidiary of Reliance Industries'

RIL Chairman Mukesh Ambani said that Reliance Consumer Products will become a direct subsidiary of Reliance Industries. "We have today, India's most advanced, scalable, and inclusive retail ecosystem, delivering the highest quality and widest choice at affordable prices across the country. And it is amongst the fastest growing retailers globally, with scale and depth that is unparalleled in the world. Reliance Retail is now ready to write the next chapter of super growth. Reliance Consumer Products Limited (RCPL) had an outstanding growth in just the first year of operations. It has achieved a turnover of ₹11,500 crore ($1.4 billion), making it the fastest growing FMCG company ever. It is bringing some of India's most loved brands like Campa to the consumers in a new avatar, making everyone love them once again," he added.

Reliance Industries AGM 2025 LIVE: Meta CEO Mark Zuckerberg speaks at RIL AGM

"We are at a really exciting moment in time right now. We are seeing glimpses of our AI systems starting to improve themselves. And it seems clear that superintelligence is going to greatly improve all of our existing systems and let us build things that we can't even imagine today. At Meta, we want to deliver personal superintelligence to everyone. We believe that this technology has the potential to bring a new era of personal empowerment to people, so that they have greater agency to improve the world in all of the directions that they choose.

And that is why I am excited about this partnership. It is a key step forward towards ensuring that everyone has access to AI, and eventually, superintelligence. Meta and Reliance are going to deliver our open-source AI models to Indian businesses to help them fuel their work. With Llama, we have seen how AI can amplify human potential, boosting productivity, inspiring creativity, and accelerating innovation. And now, with Reliance's reach and scale, we can bring this to every corner of India. Llama's open-source foundation means that whether it is deployed in a cloud, on premises, or through dedicated infrastructure, this technology can be tailored to fit the unique needs of every business: from small start-ups in remote towns to large enterprises in the biggest cities. With this partnership, we are beginning to build our vision for the future where every entrepreneur, creator, and company has the tools they need to succeed. I believe that this venture will become a model for how AI – and one day superintelligence – can be delivered to everyone. This is just the beginning," said Meta CEO Mark Zuckerberg.

Reliance Industries AGM 2025 LIVE: RIL announces India-focused AI joint venture with Meta

"Today, I am also pleased to unveil a new, India-focused AI joint venture with our close partner, Meta. Together, we want to pair the power of open-source AI with Reliance's deep domain knowledge across industries. That is why, we are forming a dedicated joint venture with Meta to combine open models and tools with our execution in Energy, Retail, Telecom, Media, and Manufacturing, and to deliver sovereign, enterprise-ready AI for India," said RIL Chairman Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: 'We have long been investing in India,' says Google CEO

Google CEO Sundar Pichai at RIL AGM said, "The AI opportunity in India is extraordinary. It will transform every industry and organisation – from the largest enterprises to the smallest kirana store. Google and Reliance are partnering to help all of Reliance's businesses transform, using AI – from Energy and Retail to Telecom and Financial Services. To support this AI adoption, together we are establishing a Jamnagar Cloud region, built for and dedicated to Reliance. It will bring world-class AI and compute from Google Cloud, powered by clean energy from Reliance, and connected by Jio's advanced network. As Reliance's largest public cloud partner, Google Cloud is not only powering the company's mission-critical workloads, but we are also innovating with you on advanced AI initiatives. And with Reliance and the Jio ecosystem, we are excited to put AI into the hands of more people and businesses so they can do extraordinary things, as well. This is only the beginning."

Reliance Industries AGM 2025 LIVE: Mukesh Ambani announces new subsidiary 'Reliance Intelligence'

RIL Chairman Mukesh Ambani announced a new wholly owned subsidiary named 'Reliance Intelligence'. "This new company is conceived with four clear missions:

· First, to house India's next-generation AI infrastructure. Reliance Intelligence will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale. Work has already begun on the gigawatt-scale, AI-ready data centres in Jamnagar. These facilities will be delivered in phases aligned to India's growing needs, powered by Reliance's new-energy ecosystem, and custom-made for AI training and inference.

· Second, to house global partnerships. Reliance Intelligence will bring the world's best tech-companies and open-source communities together with Reliance's deep-domain expertise and execution strength, to deliver performance leadership, resilient supply, and India-first compliance for AI.

· Third, to build AI services for India. Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance such as Education, Healthcare, and Agriculture. The services will be reliable at scale and affordable for every Indian.

· Fourth, to house talent for AI. Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, combining the speed of research with the rigour of engineering, so that ideas become innovations and applications, providing solutions to India and the world," he said.

Reliance Industries AGM 2025 LIVE: 'India is one of the most important and exciting markets for Disney globally,' says Disney CEO Bob Iger

"India is one of the most important and exciting markets for Disney globally. JioStar has quickly established itself as a global force in the entertainment industry with 300 million paid subscribers," said Disney CEO Bob Iger.

Reliance Industries AGM 2025 LIVE: 'Jio Hotstar now world's second-largest streaming platform,' says Akash Ambani

"The formation of JioStar marked a defining moment for India's media ecosystem. In just a few months, we have created a revolution by strategically leveraging content, AI, and technology to reshape how stories are told, delivered, and experienced. JioStar offers over 3.2 lakh hours of content ─ six times more than the next two OTT platforms combined ─ with 30,000+ hours added every year. Our advanced AI tools and technology innovations are empowering viewers like never before. As a result, our Media & Entertainment business delivered a record-breaking performance. The launch of the JioHotstar app brought over 600 million users on board within three months. This included over 75 million connected TVs. With 300 million paying subscribers, JioHotstar is now the world's second-largest streaming platform – achieved entirely in India. This record shows the immense potential of the Indian market. In addition, with a 34% TV market share – equal to the next three networks combined – we are well on our path to serve a billion screens across mobile, TV, and connected devices. JioStar will continue to expand across platforms and geographies. We have created an experience that combines the best of content, software and AI through JioHotstar. We always want to push the boundaries and give our customers amore elevated experience," said Akash Ambani, Chairman of Reliance Jio Infocomm.

Reliance Industries AGM 2025 LIVE: Jio PC unveiled

"Jio PC is a revolutionary product that transforms your TV or any other screen into a full feature personal computer you can use easily and get started by connecting a keyboard to your Jio set top box instantly you get a virtual computer power," the company's executive said.

Reliance Industries AGM 2025 LIVE: Jio Frames unveiled

Akash Ambani, Chairman of Reliance Jio Infocomm, unveiled Jio Frames, which is an AI-powered platform which supports multiple Indian languages. "Hand free AI powered companion designed for the way India works and plays," he added.

Reliance Industries AGM 2025 LIVE: Next gen Jio Cloud unveiled

Kiran Thomas from Jio Platforms said the company is unveiling the next gen of Jio AI Cloud, that is more than storage. It's an AI powered memory companion.

Reliance Industries AGM 2025 LIVE: 'Jio is laying the foundation for India to become the world's first AI native digital economy,' says Akash Ambani

"Jio is where I began my professional journey, faced challenges, learned lessons, and found my purpose. I have grown

with Jio, and to see it come into its own as an independent company is both humbling and exhilarating because Jio is a part of me.

As we take this next step in Jio's journey, it gives me great pride to reflect on how far we have come. Today, Jio serves over 500 million happy customers. To put that number into perspective, it is more than the combined population of the US, the UK, and France. This is not just a milestone in terms of scale. It is a testament to the deep and widespread trust that Jio has earned from every corner of India.

Very few companies in the world have the privilege of serving half a billion people. Fewer still do it with the consistency, commitment, and care that Jio has demonstrated. This achievement therefore belongs not just to Jio, but to each and every individual who believed in Jio and stood by it. And with that belief comes responsibility – the responsibility to lead, to innovate, and to serve with purpose; not just to sell, but to truly serve the customer by putting their needs at the heart of every innovation. Today, Jio carries the largest wireless data traffic in the world. India's next digital leap, and Jio's next growth engine, will come from businesses – large and small. Jio is building simple, scalable, and secure platforms for MSMEs and enterprises alike.

From franchisee management to AI-powered solutions across verticals, we are enabling every business to compete globally. This is not just digitisation, it is democratisation of enterprise-grade technology. Jio's transformation into a Deep-Tech company is now unmistakable. And we have done it on a technology stack that is designed, developed, and deployed entirely in India, by Jio's own engineers. From developing our very own 5G Core, to rolling out the fastest 5G services, and now deploying our global-first home connect technology, we have cemented our place as a Deep-Tech company. Our proprietary UBR broadband technology, an industry-first innovation, has revolutionised home broadband, offering giga-bit speeds while avoiding cable-cut disruptions and supporting high-end applications. JioAirFiber is now the largest fixed wireless broadband service in the world, adding over one million homes per month. And now, with the integration of AI, we are building a stack that will power intelligent services across India. From Gen-AI enabled customer journeys to AI-powered diagnostics and automation, Jio is laying the foundation for India to become the world's first AI native digital economy.

Building on this foundation, Jio True 5G has redefined speed, reliability, and reach of digital connectivity. Today, more than 220 million users are benefitting from the Jio True 5G network," said Akash Ambani, Chairman of Reliance Jio Infocomm.

Reliance Industries AGM 2025 LIVE: ‘Jio will herald the AI revolution in India’

"Jio will herald the AI revolution in India. Our motto is AI everywhere for everyone," said RIL Chairman and Managing Director Mukesh Ambani. "Jio's plans for the future are even more ambitious. They rest on five assurances:

• Jio will connect every Indian on mobile and home broadband.
• Jio will equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation.
• Jio will digitise every Indian business and enterprise with simple, scalable, and secure platforms.
• Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone.
• Jio will expand its operations outside India, taking our home-grown technology to people around the world.
  I am extremely confident that the path ahead for Jio is even brighter than its journey so far," said RIL Chairman Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: 'Jio to be listed by first half of 2026'

RIL Chairman Mukesh Ambani said that the company is aiming to list Jio by the first half of 2026. It is working to file its IPO papers.

Reliance Industries AGM 2025 LIVE: Mukesh Ambani on RIL's business & financial performance

"I am happy to share with you the details of yet another stellar year of business and financial performance, achieved in spite of multiple challenges. In FY-25, Reliance delivered record consolidated revenue of ₹10,71,174 crore ($125.3 billion), becoming India's first-ever company to cross $125 billion in annual revenues. Reliance's EBITDA stood at ₹1,83,422 crore ($21.5 billion) and net profit grew to ₹81,309 crore ($9.5 billion). Reliance's exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India's total merchandise exports. Your company invested cumulatively ₹5.6 lakh crore ($65.5 billion) over the last three years. And it remains the single largest contributor to the national exchequer, contributing ₹2,10,269 crore ($24.6 billion) in FY-25. In the last six years, Reliance's contribution to national exchequer has crossed ₹10 lakh crore ($117.0 billion). I am also proud to report that Reliance's CSR spending in FY-25 rose to ₹2,156 crore ($252 million). Our cumulative CSR expenditure over the last three years has crossed ₹5,000 crore ($585 million). This is a clear reflection of our unwavering commitment towards creating a societal impact," said RIL Chairman and Managing Director Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: 'Jio has crossed 500 million customers milestone'

RIL Chairman and Managing Director Mukesh Ambani said that Jio has now crossed the 500 million customers milestone.

Reliance Industries AGM 2025 LIVE: 'Resolutely transforming our operating model to become a Deep-Tech company'

"As Reliance approaches the close of its Golden Decade, we rededicate ourselves to the rapid realisation of this Indian Dream. We are resolutely transforming our operating model to become a Deep-Tech company with advanced manufacturing capabilities. We are making every one of our businesses AI-native, positioning them for hyper-growth. Our corporate philosophy of “We Care” compels us to continuously improve the quality of our products and services in ways that promote the wellbeing of both People and Planet. Our operating model is now led more by innovation than capital intensity. That is why we are attracting and empowering super-talented young leaders who will drive the next wave of value creation with bold innovations. Reliance has never rested on its past laurels. Our Founder and Forever Guide, Shri Dhirubhai Ambani, instilled in us a DNA of relentless reinvention and reimagination. Again and again, we will reimagine and re-engineer ourselves to create greater wealth for our nation and higher value for society. This is my solemn commitment to you," said RIL Chairman and Managing Director Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: 'India’s rise in unstoppable'

"Despite geopolitical uncertainties, one thing is clear – India is on the rise, and it is unstoppable. India already ranks among the top 4 economies. Under PM Narendra Modi’s leadership, India’s GDP is growing faster than all major economies. India need not copy any foreign model. We have the ability of creating India first model, which will use deep tech to provide security to India, improve the lives of the people and protect environment," said RIL Chairman and Managing Director Mukesh Ambani

Reliance Industries AGM 2025 LIVE: 'Global economy navigating uncertainties, conflict produces no winner'

“The global economy today is navigating through an era of great uncertainties. Geopolitical tensions are rising, volatility is persistent and predictability is scarce. The world is realizing conflict produces no winner, whereas cooperation ensures shared prosperity. When nations cooperate, trade flows freely, investments flourish and everyone wins,” said RIL Chairman and Managing Director Mukesh Ambani.

Reliance Industries AGM 2025 LIVE: Mukesh Ambani's key address begins

RIL Chairman and Managing Director Mukesh Ambani begins to address the shareholders at the AGM.

Reliance Industries AGM News: Mukesh Ambani set to address 44 lakh RIL shareholders

The countdown begins for Reliance Industries 48th Annual General Meeting, which is scheduled for 2 pm. The business conglomerate's Chairman Mukesh Ambani is all set to address the 44 lakh shareholders of India's most valuable company. Follow all LIVE updates here.

Reliance Industries AGM News: RIL shares in green ahead of AGM

The shares of Reliance Industries (RIL) were trading in the green with marginal gains at Rs 1,386.00 apiece on NSE, ahead of the company's AGM. The stock has gained over 15 percent in the past six months, and are up more than 13 percent in 2025 so far. Its P/E ratio currently stand at around 20.

Reliance Industries AGM News: 'Tax relief, other govt initiatives to stimulate consumption,' RIL said in its annual report

The tax relief announced in Budget 2025 and other government measures are expected to boost disposable incomes and spur consumption, reinforcing India’s position as one of the world’s fastest-growing consumer markets, Reliance Industries said in its annual report.

Speaking about the company’s performance during the year, RIL said that its retail business recorded gross revenue of Rs 3.31 lakh crore for the year, marking a growth of 7.9 percent over last year.

During the year, the business opened 2,659 stores, taking the total store count to 19,340. This marks the largest store footprint for any retailer in the country, the company said. The registered customer base crossed 349 million. The consumer electronics segment saw robust growth in offline business, driven by new product and brand launches and curated product assortment leading to higher transactions and improved conversions. Reliance Retail, which is India’s largest fashion and lifestyle retailer, saw steady performance across jewellery, apparel and footwear businesses.

Reliance Industries AGM News: 'Jio plans global rollout of in-house tech after pan-India deployment,' RIL said in its annual report

Reliance Industries Ltd (RIL) said in its annual report that its Jio telecom unit is expanding its leadership in 5G, fixed broadband and converged network technologies to tap into the growing demand for artificial intelligence (AI) services.  The company said its indigenously developed technologies are being deployed at scale across India and will also be taken to global markets, offering long-term growth potential and stable shareholder returns.

"Jio’s leadership in network, consumer and enterprise technologies will maintain its distinct competitive advantage," RIL said in its annual report released on August 7. Jio has become the world’s largest data network with 488 million users, of which nearly 191 million are on 5G, the report said. The company is also working on future communication technologies and is actively engaged in the research and development of 6G, aiming to lead in both its development and deployment globally.

Reliance Industries AGM News: 'Tariff risks may weigh on demand-supply balance in O2C business,' RIL said in its annual report

Reliance Industries Ltd (RIL) warned in its annual report that continuing geopolitical and tariff-related uncertainties could disrupt trade flows and the demand-supply balance in its oil-to-chemicals business. The company said crude prices will remain volatile amid evolving sanctions, changing tariff regimes and output decisions by OPEC and non-OPEC members. However, oil demand is likely to maintain growth despite growing electric vehicle (EV) adoption, amid strong economic growth, China stimulus measures and possible easing of geopolitical tensions.

In its 2025 oil outlook, RIL said the ramp-up of new refineries may lead to weaker product cracks. "However, expected closures could create upside potential for refining margins. Fuel demand in India is expected to remain healthy with increasing economic activity," the company said. "Demand for downstream chemical products in India is expected to grow ahead of the GDP growth rate, driven by demand from infrastructure, packaging, automobiles and agriculture," RIL added.

Reliance Industries AGM News: RIL's rating could be upgraded over next 12 months, says S&P

Rating agency S&P said earlier this month that Reliance Industries Ltd (RIL) could be in line for a rating upgrade over the next 12 months, citing the company’s growing presence in digital services as a driver of stronger earnings and a shield against volatile global macroeconomic conditions.

"We expect the share of earnings from Reliance Industries' domestically-centred businesses such as digital services and retail to rise to about 60 percent by the end of fiscal 2026 (ending March 31, 2026), from about 45 percent in fiscal 2022. These businesses tend to have more predictable performances than the company’s cyclical oil and gas-related businesses," S&P said in its report.

Reliance Industries AGM News: ICICI Securities sees new energy to be key focus area for investments

According to domestic financial services player, ICICI Securities, Reliance Industries' New Energy arm will be the key focus area for investments over next few years. Reliance Industries has given details regarding the intended structure of the integrated new energy business and the timelines for achieving the desired scale.

RIL plans to go from sand to solar modules and establish world-scale battery storage solutions to provide round the clock renewable energy (RTC-RE) for its own use and external sales. "This will also power green hydrogen production (electrolysers also in place) which will in turn be sold/used further to produce green chemicals (methanol/ammonia) along with CBG (compressed biogas) to produce sustainable aviation fuel as well," added the brokerage.

According to ICICI Securities, faster-than-estimated execution on green energy plans will provide a strong upside to RIL. "We believe RIL may continue to outperform depending on the successful unlocking of value from retail/digital services segments, with core business cashflow conversion, return ratios and relatively higher multiples limiting gains as of now," it stated.

Reliance Industries AGM News: Jefferies says this on RIL's push into FMCG space

Global broking house Jefferies noted that RIL has formally begun its push into the fast-moving consumer goods (FMCG) space with the creation of Reliance Consumer Products Ltd. (RCPL). The unit, which will eventually be carved out under the same shareholding structure as Reliance Retail Ventures, has already built a distribution network spanning one million outlets.

While the ambition to become a full-fledged FMCG player is clear, Jefferies noted that Reliance Industries' success on the same will depend on strong execution, as a result of the strong positioning of incumbent players and the rapid growth of startups in the sector.

Reliance Industries AGM News: Macquarie sees Jio to deliver stronger EBITDA growth than Bharti Airtel

On the telecom front, international brokerage Macquarie suggested that Reliance Jio’s shift towards prioritising value over sheer subscriber volumes is expected to deliver stronger EBITDA growth compared to Bharti Airtel, driven by higher ARPU and operating leverage.

As a result, the brokerage raised its target price on Reliance Industries to Rs 1,650 per share with an 'outperform' call. The brokerage also rated Bharti Airtel as 'outperform', with a target of Rs 2,050 per share. Both Jio and Bharti are expected to see moderation in capital expenditure intensity going forward, further supporting margin expansion.

Reliance Industries AGM News: Brokerages remain bullish on RIL

International and domestic brokerages reiterated their bullishness on diversified conglomerate Reliance Industries Ltd (RIL), as the annual report offered fresh insights into the firm's operations, adding to the optimistic sentiment. Brokerages highlighted Jio's stronger growth outlook, RCPL's FMCG push, and accelerated new energy investments as key drivers.

Reliance Industries AGM News: Long-term vision in focus

At the 2024 AGM, the management had outlined a target of doubling Reliance’s overall business by the end of the decade (2030), with Jio and Retail expected to double in the near term. Chairman Mukesh Ambani had noted that he was confident that green fuels and AI-based solutions would become long-term growth engines for Reliance.

Reliance Industries AGM News: Petrochemicals and energy & production in focus

The O2C business, which is still RIL’s largest profit driver, will remain in focus with major petrochem expansion already underway. The company is adding capacity in polyester (5 mtpa), vinyl (3.9 mtpa), and carbon fibre (20 ktpa) by FY27. On the E&P front, drilling of additional wells at the KG-D6 basin by late 2028 is planned to sustain gas output.

Reliance Industries AGM News: Investors to watch out for retail growth momentum

Investors are also awaiting commentary on how Reliance Retail plans to accelerate growth in the near future. Updates on FMCG expansion, JioHotstar monetisation, and quick commerce are likely. The goal of doubling retail earnings in three to four years, first highlighted at last year’s AGM, will be in focus.

Reliance Industries AGM News: Green energy goals in focus

RIL’s new energy platform will continue to take centre stage. In the 2024 RIL AGM, Chairman Mukesh Ambani had noted that the business will be the new jewel in Reliance's crown. “I foresee it becoming as big and profitable over the next 5-7 years as our O2C business, which we built over the past 40 years. And I am confident that green fuels and AI-based solutions will become long-term growth engines for Reliance,” Ambani said.

The company has previously highlighted that it is building an end-to-end ecosystem covering polysilicon-to-solar modules, electrolysers, batteries, and green hydrogen production, with captive renewable power expected to reduce costs by about 25 percent. Updates on technology upgrades, including perovskite solar cells, and the commissioning timeline of these facilities over the next four to six quarters are anticipated. Nuvama also notes that new energy could, in time, generate profits on par with RIL’s traditional oil-to-chemicals (O2C) business

Reliance Industries AGM News: Investors to watch out for AI strategy

International brokerage CLSA notes that details on RIL's AI strategy will also be watched for by the Street. “Reliance’s FY25 annual report highlighted its accelerated home connection adoptions driven by AirFiber, making it confident of reaching 100m homes through a combination of Fiber and AirFiber,” the report noted.

Reliance Industries AGM News: Where to watch?

Reliance Industries' 48th AGM can be watched on the company's official YouTube channel. The video will also be streamed on its Facebook, X and Instagram pages. Keep following this LIVE blog for the latest updates.

Reliance Industries AGM News: Buzz around Jio and Retail IPO announcements

The market will be watching out for any potential developments on IPO timelines for Jio Platforms and Reliance Retail. Both arms have grown rapidly, and separate listings could unlock value, believe brokerages.

Reliance Industries AGM News: How has the stock performed recently?

Reliance Industries shares had closed in the green at Rs 1,390.90 apiece on August 28. The shares of the company have gained nearly 16 percent in the past six months, and are up around 14 percent in 2025 so far. The stock currently has a P/E ratio of 19.93.

Reliance Industries AGM News: How did the company perform in Q1 FY26?

Last month, Reliance Industries Ltd (RIL) reported that its quarterly profit rose 77 percent to Rs 30,783 crore. These gains came on the back of the sale of its stake in Asian Paints and growth in consumer-facing businesses. Recurring profit (excluding the one-time gain of Rs 8,924 crore) rose 25 percent from the previous fiscal. For the reporting period, consolidated revenue rose 6 percent to Rs 2.73 lakh crore, and EBITDA (earnings before interest, taxation, depreciation and amortisation) rose 36 percent year-on-year to Rs 58,024 crore.

Reliance Industries AGM News: India's most valuable company set to hold its 48th AGM

Reliance Industries Ltd (RIL) will hold its 48th Annual General Meeting (AGM) at 2 pm on August 29. With nearly 44 lakh shareholders, the AGM is expected to see announcements that could set the tone for RIL's next phase of growth across digital, retail, and energy businesses.