Jio users to receive 18 months of free Google AI Pro access as telecom giant positions for AI infrastructure business
Earlier this year, Jio's rival telecom operator Airtel also partnered with AI firm Perplexity to offer its subscribers free access to Perplexity Pro for 12 months
RIL to finalise bankers for Jio Platforms' IPO by year-end; listing expected in first half of 2026, likely to be India's biggest at around $6 billion; recalibrates Russian oil imports amid US sanction
Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts
The BSE Sensex climbed 720.20 points, or 0.85 per cent, to hit an intraday high of 84,932.08, while the NSE Nifty50 advanced 210.80 points, or 0.81 per cent to 26,005.95
RIL shares were among the top gainers, rising over 2 per cent, after it incorporated REIL, a joint venture with Meta
Stocks to Watch Today, Monday, October 27, 2025: Reliance Industries, Container Corporation of India, PTC Industries, Mazagon Dock Shipbuilders, and Indian Oil are among the top stocks to watch today
Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be centered around four pillars -- Infrastructure (building gigawatt-scale, AI-ready data centers), Partnerships (collaborating with global tech leaders to bring cutting-edge AI solutions to India), Services (developing AI-powered services tailored for Indian consumers, small businesses, and enterprises in sectors like education, healthcare, and agriculture) and Talent (investing in upskilling and nurturing India's AI workforce). Reliance has re-invented itself every decade, and AI is set to reshape its equity story, Morga
Reliance Intelligence will own 70 per cent and Facebook 30 per cent in the new AI venture, with both firms together investing about ₹855 crore to develop and expand enterprise AI services in India
Reliance also agreed to follow EU guidelines on imports of refined oil products into Europe amid widening sanctions on Russian crude trade
The oil refining giant said that it is assessing the implications of restrictions and sanctions by the EU, the UK and the US on crude oil imports from Russia
A team from Reliance has travelled to China to speed up the work, one of the sources said
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said. Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years. It also buys oil from intermediaries. The company did not immediately respond to
Reliance, which operates the world's largest refining complex at Jamnagar in Gujarat, has a long-term deal to buy nearly 500,000 bpd of crude oil from Russian major Rosneft
While Reliance's typical diet does include crude from the region, the recent spurt of buying was more active than usual
Sensex today | Stock Market LIVE Updates, Monday, October 20, 2025: BSE Sensex ended at 84,363.37 levels, up 411.18 points or 0.49 per cent.
RIL reported a consolidated net profit of ₹18,165 crore in Q2FY26, up 9.7 per cent year-on-year (Y-o-Y) but down 32.7 per cent quarter-on-quarter (Q-o-Q) from ₹26,994 crore in Q1FY26.
In the past, Reliance had seen a gap-up open post Q4FY25 results in April following which the stock rallied over 19% in the next three months. Here's a trading strategy at current levels.
Stocks to watch on October 20: Dixon Tech, PNB and IndusInd Bank are among tother top stocks to track today.
Broad-based consumer demand reloads growth prospects and puts the stock back in analysts' baskets