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Reliance Infrastructure has reported a 50 per cent dip in consolidated net profit to Rs 1,911.19 crore in the September quarter, impacted by reduced income, and the company also looks to raise USD 600 million to fund its growth plans. It had clocked a net profit of Rs 4,082.53 crore in the second quarter a year ago, the company said in an exchange filing on Tuesday. The company saw its total income falling to Rs 6,309.48 crore, from Rs 7,345.96 crore in the July-September period of FY25. Reliance Infrastructure trimmed expenses to Rs 5,991.49 crore, from Rs 6,450.38 crore in the year-ago period. In a separate statement, the company said its "board has approved seeking enabling resolution from shareholders for raising USD 600 million through issue of foreign currency convertible bonds (FCCBs) to fund growth." The company's consolidated net worth increased to Rs 16,921 crore, as on September 30, 2025, up 14 per cent from Rs 14,855 crore as on June 30, 2025. Bank debt on a standalon
Anil Ambani's Reliance Group on Tuesday said there is no impact on business operations of the group's listed companies because of the ED's attachment of Rs 7,500 crore worth of properties, which is linked to a money-laundering probe. The majority of the assets attached by the Enforcement Directorate belong to Reliance Communications, which is under the control of the Resolution Professional (RP) and the committee of creditors (CoC), led by State Bank of India, the group's listed firms said in stock exchange filings. The federal probe agency issued four separate provisional orders under the Prevention of Money Laundering Act (PMLA) on October 31 for attaching 42 properties, including the 66-year-old Ambani's family home in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies. The attachment relates to cases involving Reliance Communications and its affiliates over the alleged diversion of loans taken from YES Bank between 2017 and ...
Insolvency appellate tribunal NCLAT has asked Hinduja group firm IndusInd International Holdings Ltd (IIHL) to submit a timeframe by which it will discontinue using Reliance trademark for the financial service firm Reliance Capital. The counsel appearing for IIHL submitted before NCLAT that the process of name change after the acquisition of Reliance Capital has already started, and is likely to be completed in eight weeks. The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which has sought a stay over the use of the trademark Reliance after the takeover of Reliance Capital, through the insolvency resolution process. Noting IIHL's submission, a two-member National Company Law Appellate Tribunal (NCLAT) bench recorded in its order, "It is emphasised by Sr Counsel for the Respondent (IIHL) that the process of changing the brand name of the appellant with a new brand name, which is intended to be acquired b
Reliance Consumer Products Ltd (RCPL), fast-moving consumer goods business of the Reliance group, on Friday said its gross revenue reached Rs 9,850 crore in the first half of the ongoing fiscal. In the December quarter, its gross revenue was at Rs 5,400 crore, said RIL CFO V Srikanth during the financial results presentation. "Our FMCG business has 2X growth on a YOY basis for H1. Q2 was Rs 5,400 crore of top line. So its pretty strong growth," he said. Srikanth further said main brands of RCPL, including its beverages business Campa and in-house brand Independence, the volume growth is pretty substantial. "Both are seeing very strong market share gains and as we are expanding the supply chain," he said. General trade contributes almost 75 per cent of sales. "We are doing a lot of on-the-ground activations to basically for the purpose of brand building and making the push through the trade channel. We have signed up several MOUs for food parks and looking up setting up manufactur
Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to establish integrated food manufacturing facilities across the country, according to sources. The Memorandum of Understanding (MoU) to this effect was signed at the World Food India 2025 event here, the sources said. Reliance Industries had announced the investment plan at its annual general meeting in August, saying it would create "Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies." RCPL, which emerged from Reliance Retail and became a direct subsidiary of Reliance Industries, has become one of India's fastest-growing fast-moving consumer goods companies, generating revenue of over Rs 11,000 crore in just three years since inception. Under the MoU, RCPL will invest more than Rs 1,500 crore to set up integrated facilities for food products and beverages in Katol, Nagpur in Maharashtra and Kurnool in
The Supreme Court-appointed Special Investigation Team (SIT) has found that allegations of misuse of water resources and carbon credits against Vantara are entirely baseless, the zoological rescue and rehabilitation centre has said in a statement. An apex court bench comprising Justices Pankaj Mithal and P B Varale on Monday accepted the SIT's report, which found no legal violations in Vantara's operations in Jamnagar, Gujarat. The SIT cleared Vantara, run by Reliance Foundation, of all major allegations, including claims that it was acquiring animals to profit from carbon credits, the statement said. The court also further clarified that there is no recognised domestic or international framework that awards carbon credits for the rescue, housing, or upkeep of wild animals, it added. "The SIT's detailed review of the centre's operations and funding confirmed that the allegations of misusing water resources and carbon credits were entirely baseless, lacking any factual or legal ...
FMCG firm Reliance Consumer Products Ltd (RCPL) will invest over Rs 1,500 crore to set up an integrated facility for food products & beverages at Katol in Maharashtra. RCPL, the FMCG arm of billionaire Mukesh Ambani-led Reliance Industries, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to set up the unit in Nagpur. The unit will provide direct employment to more than 500 people, according to a video posted on the social media account of Maharashtra Chief Minister Devendra Fadnavis. The proposed manufacturing unit will commence manufacturing in 2026. As per the agreement, the state government will facilitate RCPL to obtain necessary approvals, clearances and financial incentives. In its annual general meeting last month, Reliance had announced that it "will invest Rs 40,000 crore (USD 4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies, securing lasting cost leadership. RCPL,