The conglomerate becomes first in India to report net worth of over ₹10 trillion
Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit, as its retail business rebounded and oil business defied global downtrend. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was compared to Rs 18,951 crore, or Rs 14 a share, in the same period a year back, according to a stock exchange filing by the company. Profit was also up sequentially from Rs 18,540 crore in the October-December quarter. The company's revenue from operations rose to Rs 2.6 lakh crore from Rs 2.4 lakh crore recorded in January-March 2024.
Firms from Macquarie Group Ltd. to Kotak Securities Ltd. have upgraded their rating on billionaire Mukesh Ambani's flagship firm since January, with analysts highlighting its cheap valuation
Chinese authorities have stepped in to retain domestic manufacturing as the Trump administration looks to encourage business to shift the US
Gains high single-digit market share in Delhi, Uttarakhand, Bihar and Assam
Reliance's wholly-owned subsidiary RISE Worldwide has entered into a strategic partnership with BLAST Esports to form a joint venture to conduct esports business in India, according to a joint statement. Reliance and BLAST will partner to develop market-leading Intellectual Properties (IPs) in India and introduce BLAST's global IPs to the Indian market for fans, players, and brands, the statement said. BLAST, a wholly-owned subsidiary of Denmark-based BLAST ApS, is one of the biggest tournament organisers in the world. It works with the world's biggest game publishers, including Epic Games, Valve, Riot Games, KRAFTON, and Ubisoft, to create leading global esports properties. "The JV's (joint venture) ambition is to attract top tier titles and events in the future," it said. India is the fastest growing gaming market with a massive gamer base of more than 600 million, which is 18 per cent of the total gamers globally. India's esports market is in the nascent stage and is expected
58 per cent increase over last year's IPL
The small monetary fines are a mere rap on the knuckle, especially for Asia's richest person and his Reliance conglomerate
Reliance reportedly conducted brain-mapping studies, which showed IPL streaming ads resulted in up to four times greater engagement and memorability compared to rival platforms
Campa Cola is being launched in the UAE with Agthia Group, a leading F&B company from the region
Reliance Consumer Products Ltd, the FMCG arm of Reliance Industries, on Tuesday announced the launch of its soft drink brand Campa Cola in the UAE at the ongoing Gulfood, the world's largest F&B sourcing event. Campa Cola, which has disrupted the Indian beverages industry, is being launched in the UAE with partner Agthia Group, one of the region's leading food & beverage (F&B) companies, according to a joint statement. "This debut marks RCPL's first entry into the United Arab Emirates and reaffirms its long-term commitment to the region," it said. Reliance Consumer Products Ltd (RCPL) entered into the soft drink market after acquiring Campa Cola in 2022 and later reintroduced it in 2023. Commenting on the development RCPL COO Ketan Mody said:"We are excited to enter the UAE market with Campa, a heritage Indian brand founded more than 50 years ago. We are investing for the long term and see great potential for accelerated growth in the region. We have a track record of ...
Reliance Consumer Products said this partnership will help expand Campa's brand presence across Star Sports Network
This strategic acquisition, which entails acquiring the perpetual licence of Velvette, aligns with Reliance's ongoing commitment to building a futuristic business with a solid foundation
This acquisition aligns with Reliance's approach of combining tradition with new opportunities to ensure Indian brands grow in the market
On February 15 and 16, Nita Ambani will deliver the keynote presentation at Harvard University's Annual India Conference. She will discuss India's customs and economic impact in her speech
Surrey County Cricket Club (SCCC) has confirmed its deal with Reliance but said it will continue to retain majority stake of 51 percent in the Oval Invincibles. Reliance Industries Limited (RIL) owners of Mumbai Indians (MI) through its subsidiary, RISE Worldwide, bought 49 per cent stake in The Hundred team for 60m. "R1SE will have a 49 per cent share of the Hundred team, with Surrey retaining the majority 51 per cent," SCCC said in a statement. "The Club hopes to benefit from Mumbai Indians' vast experience and proven success, fresh off lifting yet another league title in South Africa over the weekend, to further strengthen and maintain the team's position as the leading franchise in the competition." The Oval Invincibles have established themselves as a dominant force in The Hundred, securing four titles in as many years. The women's team achieved back-to-back championships in the first two seasons, and the men's team mirrored that success by claiming titles in 2023 and ...
Shein India Fast Fashion app represents a departure from Reliance's strategy of adding brands to its flagship fashion app Ajio - whose offering includes Superdry and Gap
The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors' sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points or 0.47 per cent. "It was another tough week for the Bulls, as the Nifty ended in the red for the third consecutive week. Despite favourable conditions for a comeback, the bulls failed to capitalize on them," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The market valuation of Reliance Industries slumped by Rs 74,969.35 crore to Rs 16,85,998.34 crore. The valuation of Life Insurance Corporation of India (LICI) eroded by Rs 21,251.99 crore to Rs 5,19,472.06 crore. State Bank of India's valuation diminished by Rs 17,626.13 crore to Rs 6,64,304.09 crore and that of ICICI Bank tumbled Rs 11,549.98 crore to Rs 8,53,945.19 crore. On the other hand,
Swiss investment bank UBS Group on Friday bought shares of 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star and Hyundai Motor India, for Rs 1,938 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), UBS AG purchased shares of Fortis Healthcare worth Rs 164 crore, bought shares of Max Financial Services for Rs 144 crore, and of Reliance Industries for Rs 138 crore. Additionally, UBS also picked up shares of Blue Star for Rs 120 crore and acquired shares of Hyundai Motor India for Rs 103 crore. The Swiss multinational also picked up shares in companies including One97 Communications, Zomato, Tata Consultancy Services and others. The shares were acquired at a combined transaction value of Rs 1,937.71 crore. Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price. Shares of Fortis Healthcare
Reliance Industries, in partnership with Nvidia, plans to build the world's largest AI data centre in Gujarat, marking a milestone in India's AI journey and digital infrastructure growth