In Kutch, RIL also plans to build facilities for production of green ammonia, green methanol, and sustainable aviation fuel.
In less than a year of its launch, Jio AI Cloud has over 40 million users, the company said during its AGM on August 29.
Mukesh Ambani announced that the group will invest Rs 40,000 crore ($4.7 billion) to create Asia's largest integrated food parks with AI-driven automation and robotics, over the next three years.
“Over the next three years, we will invest Rs 40,000 crore ($4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies, securing lasting cost leadership,” Isha Ambani said.
Reliance Retail’s online presence spans platforms like JioMart for groceries and daily essentials, Ajio and Ajio Luxe for fashion and lifestyle, Reliance Digital for electronics, Netmeds for pharmacy, Urban Ladder for furniture, and Tira for beauty and personal care.
Isha Ambani said the growth target is based on the company’s proven scale and business model rather than broad aspirations
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.
Reliance AGM 2025 LIVE Updates: Major announcements regarding the IPOs of Reliance Jio and Retail are anticipated as Reliance Industries Ltd. (RIL) hosts its 48th Annual General Meeting on August 29. The AGM is also likely to include a dividend declaration. Markets will be watching closely as RIL Chairman Mukesh Ambani addresses over 4.4 million shareholders during the key annual event
The block, located off the western coast in the Saurashtra Basin, spans an area of 5,454 square kilometres and is classified under Category-II basins.
Brokerages maintained their bullish view on Reliance Industries, citing growth in Jio, Retail, and recovery in the oil-to-chemicals segment as key drivers.
The oil and gas segment of the company reported a fall of 1.2 percent in revenue from last year to Rs 6,103 crore on account of lower sales volume of KGD6 gas in line with a natural decline in production. Revenue of the segment was also impacted by lower gas price for CBM gas and lower crude price realisation, the company said.
Improved margins in oil and chemicals, robust subscriber additions in Jio, and strong retail momentum expected to drive a 40 percent surge in net profit
Nuvama Institutional Equities has raised its target price for Reliance Industries, following the launch of its solar module manufacturing facility.
International brokerages Bernstein and Goldman Sachs reiterated their bullish outlook on Reliance Industries amid strong growth prospects.
India saw sharp surge in ECBs during March, with private sector companies raising a record $11 billion. Of the total, $8.3 billion was routed through the automatic channel, while $2.7 billion came via the approval route.
Ambani emerged as the biggest gainer during this period, with his net worth surging by nearly $20 billion from a March low of around $81 billion to over $100 billion, according to Bloomberg data analysed by Moneycontrol
Shares gained after RIL posted better-than-expected quarterly earnings, driven by strong growth in digital, retail, and oil-to-chemicals businesses.
Despite global uncertainties and sectoral challenges, RIL delivered strong Q4 numbers in retail and digital. With innovation, efficiency, and expansion at its core, Reliance remains a future-ready conglomerate
The oil and gas revenue dipped slightly to Rs 6,440 crore as lower production and offtake from KG-D6 were partially offset by higher gas prices and increased CBM output.
A Moneycontrol survey of eight analysts estimates Reliance’s Q4 revenue to be Rs 2.38 lakh crore compared to Rs 2.37 lakh crore in year-ago period. EBITDA is expected to be around Rs 43,491.6 crore, up from Rs 42,516 crore a year ago
The revisions in target price are driven by, according to analysts, a recovery in Oil-to-Chemicals (O2C) margins, EBITDA growth in the digital business fueled by improved ARPU, subscriber additions, and new revenue streams, as well as potential value unlocking in the digital and retail segments.
As of December, the stock had 33 'buy', three 'hold', and three 'sell' recommendations from brokerages, compared to 25 'buy”, eight “hold”, and three “sell” calls a quarter earlier.
The valuation of Reliance Industries shares is the cheapest since the COVID-19 shock seen in March 2020, brokerages noted.
Reliance Retail added 464 new stores, bringing the total store count to 18,946. As a result, the company now operates across 79.4 million square feet of retail space and recorded over 297 million footfalls in Q2 FY25, marking a 14% YoY increase.
Markets soared today with Nifty reclaiming 25,100 and Sensex jumping over 600 points, nearing 82,000. IT and realty stocks led the gains, while banks surged. However, metals lagged as Chinese stimulus fell short of expectations. Top Nifty gainers included Wipro, Tech Mahindra, and HDFC Bank, while ONGC, Maruti, and Tata Steel were among the losers. Join Nandita Khemka and Yatin Mota as they break down the key stocks on their radar, including Aptus Value, BSE, and Raymond.