Twin issues could fire up India's muted primary markets
RIL was quoting lower for the ninth straight day, falling 7 per cent during the period after the company expressed caution over FY27 earnings prospects.
JioStar, a joint venture between Reliance Industries Ltd. and Walt Disney Co., is planning a slate of series that would be written, animated, voiced and edited entirely by artificial intelligence
Near-term retail demand may stay sensitive to macro conditions
Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday. The meeting is scheduled to be held on June 19, 2026. The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network. "The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail. The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio
The deal is reportedly valued between $30-35 million and would secure access to television and digital audiences across the country for the tournament
Despite a modest rise in quarterly revenue, Vodafone Idea continues to lose ground in India's telecom market as Reliance Jio and Bharti Airtel consolidate dominance
Digital services company Jio Platforms has appointed Akash Ambani as managing director of the company ahead of its initial public offering, according to a regulatory filing. Jio Platforms is expected to file draft papers for its Initial Public Offering (IPO) by the end of May or in June. "Akash M Ambani...appointed as managing director of the company, for a period of 5 years with effect from April 9, 2026," the filing dated May 7 said. Ambani has been on the board of Jio Platforms' telecom arm Reliance Jio Infocomm (RJIL) since October 2014. In June 2022 , he was elevated to the position of Chairman of RJIL. During his tenure, Jio achieved the feat of crossing the 100 million subscriber mark in less than six months of its launch in 2016. The company posted profit of over Rs 30,000 crore and revenue of Rs 1.46 lakh crore for fiscal year 2026.
India’s primary market could be headed for another blockbuster phase. From the National Stock Exchange and Reliance Jio to Zepto and Flipkart, several high-profile companies are preparing for public l
The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors
From Vodafone Idea's financial struggles and Bengal's political tensions to oil market reactions during the Iran conflict, here are the top opinions of the day
Reliance Industries' planned listing of its digital arm Jio Platforms could be delayed to the second half of fiscal 2027 due to geopolitical tensions in the Middle East, CreditSights said on Wednesday. In its commentary on FY26 earnings of India's most valuable company, CreditSights said the management in the earnings call shared that "the Jio IPO was imminent." Earlier market rumors reported that the IPO could come as early as May, with Reliance looking to shed 2.5-3 per cent stake from its existing 67 per cent stake in Jio for close to USD 4 billion (Rs 37,500 crore). "We believe the Mideast conflict may delay Jio's IPO towards the second half of the year," CreditSights, part of the Fitch Group, said. "A Jio IPO will raise cash for debt repayment and capex, and improve Jio's competitiveness against rivals Bharti and Vodafone Idea." Reliance reported 2025-26 (FY26) revenue and EBITDA growth of 10 per cent and 8 per cent year-on-year, respectively, with retail and telecom continuin
Weak O2C performance drives analysts to cut target price, earnings estimates even as valuation helps retain 'buy' ratings
Jio Platforms net profit up 13% to ₹7,935 crore in Q4
On a sequential basis, profit decreased by 8.98 per cent from ₹18,645 crore
Reliance-Meta AI joint venture REIL names Parminder Singh as CEO to drive enterprise AI capabilities, backed by Meta's technology and Reliance's infrastructure and reach
WhatsApp has introduced in-app prepaid mobile recharge for users in India, enabling seamless payments for Jio, Airtel and Vi plans as it expands its payments ecosystem
Reliance may file Jio Platforms IPO papers in May after delay due to market volatility, with full-year earnings expected to strengthen India's biggest-ever listing
Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to raise fuel prices immediately despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday. The country's second-largest private fuel retailer has kept retail petrol and diesel rates steady, just like public sector firms, which have not passed on the surge in raw material (crude oil) cost to consumers for fear of spiking inflation. "We are in this with the country," Wadhwa said on the sidelines of an industry event here. The war in West Asia has driven international oil prices above USD 100 per barrel, but domestic consumers have been insulated by the oil companies and the government, which cut excise duty on petrol and diesel to obviate the need for raising prices to some extent. Nayara Energy, in which Russian oil giant Rosneft hold the largest shareholding, has increased petrol price by Rs 5 a litre and diesel by Rs 3. Nayara is the country's largest private fu
The company, a joint venture between Reliance Industries and BP, has adequate fuel supplies and has not imposed any limits on retails sale of gasoline or gasoil