Mukesh Ambani

Mukesh Ambani

Chairman & Managing Director, Reliance Industries Limited
Birth DetailsApril 19, 1957 | Aden, Yemen
NationalityIndian
LeagueBusiness Leader
EducationChemical Engineering, Institute of Chemical Technology, Mumbai; MBA, Stanford University (dropout)
Net Worth$56.7 billion (as of June 3, 2020)
Mukesh Ambani Assets:

Mukesh Ambani's Journey so far ...
  • Mukesh Ambani left his studies mid-way and returned to India in 1981 to help his father Dhirubhai Ambani with the family business
  • After taking charge, he led the company’s backward integration endeavours which started with the movement from textiles to polyester fibre manufacturing. He oversaw the development of Reliance’s first mega manufacturing plant at Patalganga (in Maharashtra)
  • In 1986, he diversified the company’s interests into petrochemicals, and later to petroleum refining and oil & gas exploration and production
  • Over the next few years, he pioneered the establishment of several world-class manufacturing facilities for Reliance Petrochemicals, increasing its manufacturing capacity from less than a million tonnes to more than 21 million tonnes per year
  • Reliance’s Jamnagar refinery (in Gujarat) -- which became the world’s largest grassroots petroleum refinery with a capacity of 6,60,000 barrels per day -- was also built under Mukesh Ambani’s leadership. Commissioned in 1999, the plant was integrated with other business subsidiaries such as petrochemicals and power generation
  • A subsequent refinery -- with a capacity of 5,80,000 barrels per day -- was built beside the Jamnagar facility, taking the overall capacity of the oil refinery to 1.24 million barrels per day and making it one of the world’s largest single-location refineries
  • Dhirubhai Ambani passed away in 2002 without having left a will in place, and by that time Reliance had spread its reach into several established as well as emerging sectors. This led to a bitter dispute between Mukesh and his younger brother Anil which ended in 2005 with the former inheriting the company’s flagship oil-refining and petrochemicals businesses
  • In October 2007, with a net worth of $63.2 billion, he surpassed Bill Gates to claim the title of the richest person in the world. Though this title didn’t last long, he has been India’s wealthiest person for a long time now
  • He bought the Indian Premier League (IPL) team Mumbai Indians for over $100 million in 2008
  • Under his leadership, RIL further ventured into various sectors. With several in-store brands and other partnerships, Reliance Retail became the largest retailer of the country in terms of revenue in 2014
  • The same year, RIL acquired Network 18 Media and Investments Ltd which has a host of news and entertainment TV channels among other media initiatives
  • He took India by storm when he introduced Jio telecom services in September 2016. Offering free calls and dirt cheap data, the network acquired 100 million customers within 170 days of its launch. By 2019, Jio had sprinted to become the country’s second-largest telecom service provider
  • On his watch, RIL’s market cap crossed the Rs 10 lakh crore mark in November 2019, making it the first Indian company to achieve the feat
  • Currently, Mukesh Ambani, along with his family, owns around 47% shares of Reliance Industries. He continues to be India’s richest person

Before you go ...
Last Updated: 15/02/2021

Mukesh Ambani News

  • Reliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and advanced automation. The company, which generates half its revenue overseas, targets a spot among the world's top 10 robotics firms within five years.
  • Meta has deepened its India bet by partnering with Reliance Industries to build its first AI-ready data centre in the country, leasing 168 MW of capacity at Reliance's upcoming hyperscale campus in Jamnagar, Gujarat. The deal marks a significant milestone in the long-standing Meta-Reliance relationship and highlights India's emergence as a major hub for AI data centres. Roughly $270 billion cumulative investment has been committed by global hyperscalers and Indian conglomerates in data centres.
  • Jio BlackRock is set to launch its first Indian ETFs by August, aiming to mirror BlackRock's global success in passive investing. The joint venture, already managing $1.9 billion in assets, plans to initially focus on equity strategies. This move seeks to tap into India's growing, albeit nascent, ETF market, with plans for GIFT City products also underway.
  • Gautam Adani has regained the title of Asia’s richest person after a rally in Adani Group stocks lifted his net worth to $89.2 billion. The surge helped him overtake Mukesh Ambani and SoftBank’s Masayoshi Son, with key Adani stocks gaining strongly and extending their sharp 2026 rally.
  • Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe Starlink could change how connectivity is delivered and who controls it. SpaceX's satellite internet service is evolving into a mainstream platform. This shift could accelerate declines in subscriber growth and revenue for traditional operators.
  • Reliance Industries' treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Reserve Bank of India. Traders are considering shifting funds to short-dated money market instruments, anticipating capital gains as yield spreads are expected to narrow. The company's discussions precede an upcoming RBI rate decision, with markets anticipating potential hawkish measures.
  • Reliance Industries has set June 5 as the record date for its final dividend of Rs 6 per share for FY26, making June 4 the last day to buy shares for eligibility. The company's stock has seen a decline in the short term, with a 17% drop year-to-date in 2026.
  • Reliance Industries' Model Economic Township Ltd has committed Rs 8,646 crore to its Jhajjar project. This investment, alongside industries setting up operations, will boost economic growth. The MoUs were signed as part of Haryana's Make in Haryana Industrial Policy 2026. These investments will create over 33,250 jobs across various sectors. Reliance MET City continues to facilitate this development.
  • JioStar, the streaming venture backed by Reliance and Disney, plans to significantly expand AI-generated content on JioHotstar after the strong performance of its AI-made Mahabharat: Ek Dharmayudh. The 100-episode series drew 6.5 million views on its first day, more than double the platform’s average.
  • Morgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new energy businesses poised to become key growth drivers. Maintaining an overweight rating and a target price of Rs 1,803, the brokerage sees 34% upside in the stock.
  • Reliance Industries Ltd received relief from India's Supreme Court. The court overturned a lower court ruling and a 2020 order by the markets regulator. This order had alleged manipulative trading practices by the company. The Supreme Court directed SEBI to refund 2.5 billion rupees to Reliance. The case involved a stake sale in Reliance Petroleum Ltd.
  • Reliance Industries Chairman Mukesh Ambani is preparing Jio Platforms for its initial public offering. The company is looking at ways to bring in more stakeholders. This move comes as the IPO is slated for the first half of 2026. Jio Platforms has shown strong financial growth. Its profit after tax increased by 15 percent in the year ended March 2026.
  • Ambani, in RIL's annual report published on Thursday, said the company is taking deliberate steps to strengthen Jio's institutional framework, enhance transparency and prepare it for opportunities ahead as the digital services evolve into a global technology leader.
  • The Supreme Court has rejected former IPS officer Pradeep Rameshwar Sharma's plea for discharge in the Antilia bomb scare and Mansukh Hiren murder case. Sharma sought to be freed from charges linking him to Hiren's death. The court stated discharge cannot be granted at this stage. The High Court had previously dismissed Sharma's appeal against a trial court order.
  • Reliance Industries is placing Jio Platforms at the core of its future growth. Chairman Mukesh Ambani envisions Jio as a global technology platform driven by AI, digital infrastructure, and clean energy. The company is also strengthening its renewable energy ambitions. Ambani highlighted India's decade of economic and digital transformation. Near-term concerns exist for the oil business due to global factors.
  • Reliance Retail's premium segment experienced a strong sales recovery and narrowed losses in fiscal year 2026. The acquired Metro Cash & Carry wholesale business also reported increased sales. Reliance's fast-moving consumer goods division, Reliance Consumer Products, incurred a net loss of ₹125 crore in the final four months of FY26. The company's beverage brand Campa achieved significant gross sales.
  • Reliance Industries is making artificial intelligence central to its media and entertainment business. The company aims to be India's top entertainment provider. AI will transform content creation and consumer experiences. Reliance's media vertical saw significant revenue growth in FY26. The company is focusing on large-screen entertainment, connected TVs, and mobile offerings.
  • Reliance Industries Limited has achieved a historic milestone, becoming the first Indian company to exceed $120 billion in revenue for the financial year 2025-26. The oil-to-retail conglomerate announced its gross revenue reached $124 billion in 2026, marking a significant expansion from its origins as a textile company in 1966.
  • Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC blocks to their KG-D6 area.
  • Rahul Gandhi warns of a severe economic storm approaching India. He states that the current economic structure benefits industrialists like Gautam Adani and Mukesh Ambani, while ordinary citizens, including the youth, poor, middle class, farmers, laborers, and small traders, will bear the brunt.
  • Reliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components for battery energy storage systems as it pushes ahead with its clean energy plans.
  • India's entertainment giants JioStar and Zee are locked in a legal battle. JioStar accuses Zee of broadcasting movies it holds rights to. This follows an earlier lawsuit by Zee against JioStar. The disputes involve hundreds of millions of dollars. Both companies reach vast audiences across India. Legal notices have been exchanged. Zee claims some broadcasts were accidental.
  • Jio Financial Services saw a ₹62 crore block deal as Goldman Sachs sold 26.75 lakh shares to Morgan Stanley. The stock gained 1.12% despite weak one-year performance and a 14% YoY profit decline in Q4FY26, even as revenue and AUM posted strong growth during the quarter.
  • Reliance Industries is revamping Jio Platforms’ IPO plans amid investor disagreements over valuation. This and more in today's ETtech Top 5.
  • Reliance Jio Platforms, owned by billionaire Mukesh Ambani, is preparing to seek approvals for a Mumbai IPO that could become India’s biggest stock market listing. Reuters reported the offering may raise up to $4 billion, though timelines were delayed due to weaker IPO sentiment after tensions in West Asia.
  • Reliance Industries is evaluating a multi-billion-dollar entry into satellite communications, focusing on low Earth orbit networks under Jio Platforms. The initiative aims to strengthen India’s strategic capabilities amid rising global competition, with discussions underway on technology partnerships, orbital slots and potential acquisitions as the company explores long-term opportunities in future.
  • Reliance Industries is set to make a significant entry into satellite communications. The company plans a multi-billion dollar investment in the low earth orbit segment. This move positions Reliance against global players like Starlink and Amazon Leo. Six teams are working on various project aspects. The initiative aligns with India's goal for a domestic satcom presence.
  • Reliance Industries' March quarter results saw oil and gas businesses face pressure. Digital, telecom, and retail segments provided support. Investors will watch non-oil business performance for future earnings momentum. The company's new energy GIGA factory is set to become operational this year. Telecom ARPU saw a modest increase. Retail revenue grew, but Ebitda growth was limited.
  • Reliance Industries achieved a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in annual profit. Despite a quarterly dip due to the oil-to-chemicals segment, RIL's consumer businesses, including Jio and Reliance Retail, showed robust growth, with retail crossing 20,000 stores.
  • Mukesh Ambani said Jio Platforms IPO plans are advancing, marking a key milestone. Strong growth, rising ARPU and subscriber gains support valuation, with the listing expected to unlock value and become one of India’s largest offerings.
  • Reliance Retail Q4 Results: Reliance Retail Ventures reported a steady Q4FY26, with net profit inching up 0.5% YoY to Rs 3,563 crore and revenue rising 11% to Rs 87,344 crore. EBITDA grew 3.1% to Rs 6,921 crore, while margins softened. Store count, customer base and hyper-local commerce volumes saw strong expansion during the quarter.
  • Reliance Jio Q4 Results: Jio Platforms reported a 13% year-on-year increase in its March quarter consolidated net profit, reaching Rs 7,935 crore. Revenue also saw a 13% jump to Rs 38,259 crore, driven by organic ARPU growth and scaling of home connects. EBITDA grew 18% to Rs 20,060 crore, with margins expanding to 52.4%.
  • Reliance Industries Limited saw its net profit fall 12.6 percent in the March quarter. This was due to challenges in its oil-to-chemicals segment. However, its consumer businesses like Jio Platforms and Reliance Retail performed well. For the full year, Reliance achieved record profits and revenue. The company announced a dividend of Rs 6 per share for FY26.
  • Reliance Industries Ltd is heading into a crucial Q4 earnings week after its stock fell 15% from its peak, erasing about Rs 3.37 lakh crore in market value. The decline has also impacted Mukesh Ambani, whose net worth dropped to $91 billion, causing him to lose his position as Asia’s richest person to Gautam Adani. Investors are now looking to the upcoming results for a trigger to stabilize the stock.
  • Reliance Industries Limited will consider a dividend this week alongside its Q4 FY26 results. The Mukesh Ambani-led firm has a long dividend track record, rewarding over 42 lakh shareholders, even as investors watch earnings closely amid volatile oil prices and global market uncertainties.
  • Network18 Media & Investments reported a consolidated net loss of Rs 29.61 crore for the March quarter, despite a 9.7% rise in operational revenue to Rs 615.78 crore. The company highlighted strong performance in its TV news inventory and digital platforms, offsetting macro headwinds. Chairman Adil Zainulbhai expressed satisfaction with progress and diversification.
  • Gautam Adani has officially claimed the title of Asia's wealthiest individual, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16. The surge in Adani Group stock prices has fueled this remarkable comeback after earlier hardships. Adani now proudly ranks 19th on the prestigious Bloomberg Billionaire Index, highlighting a significant turnaround in his financial standing.
  • Gautam Adani is now Asia's richest person, surpassing Mukesh Ambani. Adani's wealth has surged this year, placing him 19th globally. Ambani's fortune has seen a decline. Adani Group shares gained significantly, boosting Adani's net worth. Several global billionaires have experienced wealth reduction. Elon Musk continues to lead the global rich list.
  • Bombay High Court quashed a Rs 1,116 crore demand against Reliance Industries for alleged construction delays on its BKC complex. The court found the process arbitrary, ordering a refund of Rs 646 crore paid under coercion. This significant relief follows RIL's argument that statutory approvals impacted project timelines.
  • IPL 2026: JioStar, Mukesh Ambani's entertainment venture, has terminated its IPL and Women's Premier League broadcast deals in Bangladesh due to its local partner's payment defaults. This move means no local broadcaster will air the IPL season, even if Bangladesh lifts its earlier ban. The termination follows a period of strained India-Bangladesh relations.
  • Reliance Industries Ltd. is planning a massive IPO for its telecom arm, Jio Platforms Ltd. The company is setting investment banking fees at a competitive 0.65% of the issue size. This move is in line with the National Stock Exchange of India Ltd.'s proposed fees. The Jio IPO could be India's largest ever.
  • Jio Platforms is preparing for its Initial Public Offering. The company is expected to file its Draft Red Herring Prospectus soon. This offering could become India's largest ever. Existing foreign investors are planning to sell a portion of their stakes. The stock market listing is anticipated in the first half of 2026.
  • Reliance Jio Platforms is in talks with 13 foreign investors, including Meta and Google, to sell down 8% of their individual stakes in an upcoming Mumbai IPO. This stake sale, expected to be between 2.5% to 3% of total shares, aims to offer value to retail investors. The telecoms-to-AI giant is preparing to file for IPO approval this week.
  • India's economy faces new challenges. Strong growth is threatened by rising energy prices and disrupted trade. The Middle East conflict impacts oil and gas supplies crucial for India. Remittances from Indian workers abroad are also at risk. This situation could lead to slower growth, higher inflation, and a weaker currency for India.
  • Reliance Industries has been issued a customs duty order of over Rs 17 lakh. Mundra Customs alleges incorrect classification of imported goods led to a lower duty payment. The company plans to appeal this order. This development occurs amidst discussions of Mukesh Ambani's significant Texas project. Reliance states the order will not impact its operations.
  • Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India's largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing investors.
  • The Iran conflict and disruption in the Strait of Hormuz have highlighted the growing influence of Mukesh Ambani in strengthening US-India ties. His company, Reliance Industries, emerged as the key investor in a major US refinery project, a deal revealed by Donald Trump.
  • India's bottled water market faces rising costs. Disruptions from the Iran war are increasing prices for plastic bottles, caps, and packaging. Smaller manufacturers are raising rates for resellers, with potential impacts on consumer prices soon. Premium water brands are also increasing their prices. This situation affects the industry ahead of the summer season.
  • Reliance Industries is in discussions with America First Refining. This move could involve equity stakes or strategic partnerships. The talks aim to strengthen US-India energy ties. This comes as global energy supplies face disruption. The company's expertise is seen as crucial for US downstream projects.
  • Industrialist Harsh Goenka shared a witty post about an Indian contractor outsmarting competitors for a White House painting job. The joke led to a comment linking the contractor to Gujarat. This comes amid reports of Donald Trump announcing Reliance Industries' partnership in a massive new oil refinery project in Texas.
  • Gujaratis exhibit an exceptional entrepreneurial spirit, deeply rooted in their history and culture, contributing significantly to India's GDP and industrial output. This success stems from a normalised approach to risk and failure, optimised frugality, a powerful diaspora network, and a strong preference for ownership, all contributing to their enduring business acumen.
  • Jio Financial Services shares surged after Motilal Oswal initiated coverage with a 'Buy' rating and a Rs 320 target price, citing a 36% upside potential. The brokerage highlighted the company's ecosystem-led advantage, leveraging Jio's massive subscriber base and retail footprint for low-cost customer acquisition and hyper-personalized credit underwriting.
  • JustDial's market capitalization has fallen below its cash reserves, prompting questions about its valuation. Despite a significant drop in share price, the company's strategy for deploying its substantial cash holding remains unclear. Investors are advised to await a defined capital allocation policy before considering it a value pick.
  • Reliance Industries' announcement came after the government redirected supplies of liquefied petroleum gas (LNG) away from industrial users to households, in a bid to shield the common man from the impact of the war in the Middle East. It has also ordered refineries to maximise LPG production to help meet domestic demand.
  • Reliance Consumer Products Limited has partnered with Finland's Fazer to produce, market, and distribute premium chocolates in India. This strategic alliance leverages Fazer's recipes and quality standards with RCPL's extensive retail network and market expertise. The collaboration aims to democratize Fazer's iconic brands and capture a significant share of India's growing chocolate market.
  • Mukesh Ambani's ambitious Jio Platforms IPO faces potential delays due to the Indian government's slow formalization of new listing rules. Reliance aims to file the draft prospectus before April, contingent on government notification. This mega IPO, potentially India's largest, could be impacted by the regulatory wait, despite the regulator's approval of rule changes.
  • Jio IPO, India's largest at $4-4.5 billion, is slated for the first half of 2026. Despite concerns of a holding company discount for Reliance shareholders, brokerages suggest Jio's limited free float could drive its stock to a premium, potentially offsetting any valuation hit. The listing is expected to proceed once government norms are finalized.
  • Reliance Industries shares jumped as brokerages said the recent selloff was overdone and noted the company could benefit from rising crude prices amid Middle East tensions. Analysts expect supply disruptions to boost refining margins, with diesel cracks surging to $35–$42 per barrel, potentially benefiting the company’s oil-to-chemicals business.
  • Reliance Industries has announced that one of its units now owns a significant 70% stake in Reliance Enterprise Intelligence. The remaining 30% of the company is held by Facebook, indicating a substantial partnership between the two major entities in this particular venture.
  • India Inc is making massive AI moves, with Reliance Industries pledging $110 billion over seven years to build AI-focused infrastructure. Tata Group is partnering with OpenAI to scale AI-ready data centres. Adani Enterprises also plans a $100 billion investment by 2035, signalling a major national push into AI.
  • Ambani noted that the biggest constraint in AI today is not talent or innovation, rather it is scarcity and high cost of compute. Reliance will also harness its green energy advantage with upto 10 gigawatts of ready green power surplus anchored by solar in Kutch, Gujarat and Andhra Pradesh.
  • At the AI India Impact Summit, Mukesh Ambani announced that Jio and Reliance Industries will invest ₹10 lakh crore over the next seven years starting 2026 to boost AI development. He said India is set to become a global AI power in the 21st century, with AI systems now able to learn, speak, analyse, move, and operate autonomously.
  • Reliance Retail is testing a new platform to connect its physical stores with online shopping. Customers can use QR codes to find products matching their preferences. This initiative aims to enhance the shopping journey across Reliance's vast network of stores. The company plans to expand this technology to more of its retail chains soon.
  • Reliance Industries has secured a US general license to import Venezuelan crude oil directly. This allows India's largest private refiner to resume buying discounted heavy feedstock. The Jamnagar refinery is well-equipped to process this type of crude. This move diversifies India's oil sources and optimizes refining margins. Other Indian companies are also benefiting from eased sanctions on Venezuela's energy sector.
  • Reliance Chairman Mukesh Ambani stated India will reduce energy imports significantly within ten years. He also revealed Reliance's ambition to become an AI deeptech company. This transformation aims for a tenfold productivity increase. Ambani believes sustained law and order and social harmony are crucial for India's economic growth.
  • Reliance Chairman Mukesh Ambani envisions India capturing $30 trillion in new value over three decades, driven by technology and entrepreneurship. He highlighted the nation's path to energy self-reliance and the crucial role of channeling household savings into productive investments to foster wealth creation.
  • Mukesh Ambani urged Indians to shift savings from gold and silver into capital markets, arguing that precious metals, though safe, do not create wealth in a fast-growing economy. Speaking at a JioBlackRock event, he said productive investments offer compounding returns, unlike bullion imports that sit idle outside the formal financial system.
  • India's economic growth hinges on energy independence. Technological advancements are expected to significantly cut energy imports within a decade. This shift will strengthen India's economic resilience and reduce external vulnerabilities. Investments in energy and infrastructure will drive this multi-decade opportunity. AI is also transforming global energy systems and productivity.
  • Mukesh Ambani urged Indian households to shift savings from physical assets like gold to capital markets for productive wealth creation. He emphasized simplifying investment access, drawing a parallel to Jio's impact, to democratize participation and fuel economic growth as India enters a powerful expansion phase.
  • India is poised for significant growth over the next two decades. BlackRock CEO Larry Fink anticipates an 'Era of India' with annual economic expansion between 8-10 percent. He highlighted the country's strong domestic foundation and the potential for foreign investment. Fink encouraged both foreign and domestic investors to participate in India's long-term growth story, emphasizing the importance of capital markets.
  • BlackRock CEO Larry Fink said the next 20–25 years will be the “era of India,” driven by rising domestic investment and rapid technological adoption. Speaking with Mukesh Ambani at a JioBlackRock event, he highlighted deeper household participation in markets and India’s growing role as a core pillar of BlackRock’s long-term strategy.
  • Reliance and Adani Group stocks surged after the India-US trade deal slashed tariffs and opened access to Venezuelan crude, triggering a massive short-covering rally. Adani Group firms emerged as the top gainers, while Reliance stands to benefit from heavier crude imports. Analysts say improved trade clarity could revive FPI flows and strengthen market sentiment.
  • Reliance Industries’ shares rose after a new India‑US trade deal cut tariffs to 18% and opened the possibility of Venezuelan crude resuming to India. Reliance’s heavy crude processing capacity positions it as a key beneficiary amid shifting global oil sourcing.
  • Reliance Industries has consolidated 16 wholly owned subsidiaries into its clean-energy arm, Reliance New Energy Limited. This strategic move streamlines its growing businesses in hydrogen, energy storage, and power electronics. The amalgamation, effective January 21, 2026, aims to integrate diverse operations under a unified structure.
  • Reliance Industries shares have seen a significant drop, reaching their most oversold point in five years. Concerns about a slowdown in the retail business and potential hits to O2C margins are impacting the stock. Despite these challenges, analysts remain largely positive, with most recommending a buy or add.
  • India-China trade: India's industrial growth faces a new challenge as China restricts technology transfers. This impacts key sectors like electric vehicles and energy storage, affecting major Indian conglomerates. Despite recent diplomatic overtures, Beijing's stance highlights a significant technology gap. India's 'Make in India' initiative struggles against this dominance.
  • Reliance Q3FY26 Results: Reliance Industries Limited saw modest profit growth in Q3 FY26. Revenue and EBITDA climbed, powered by strong performance from Jio and the Oil-to-Chemicals segment. Digital Services revenue surged, with Jio's 5G user base expanding significantly. Retail also showed steady growth. The Oil & Gas segment experienced a decline.
  • Reliance Industries shares have seen a decline of over 8% in early 2026, reaching an intraday low of Rs 1,448. Technical analysts suggest this is a healthy consolidation within an uptrend, with strong support expected around Rs 1,380-1,440. Investors with a medium-to-long-term view may consider buying on dips.
  • Reliance Industries has affirmed that its battery storage manufacturing plans remain on track, progressing as per target timelines. The conglomerate is developing a world-leading ecosystem for battery manufacturing, from cells to containerized systems, with a significant investment in Gujarat. Updates on these new energy initiatives are expected during their upcoming quarterly earnings call.
  • Reliance Industries has paused its lithium-ion battery cell manufacturing plans in India after failing to secure Chinese technology, highlighting supply chain challenges. The company is now focusing on assembling battery energy storage systems, a move mirrored by other Indian conglomerates facing similar technology hurdles.
  • Leading industrialists have announced significant investment commitments in Gujarat. Reliance Industries will invest Rs 7 lakh crore over five years, focusing on green energy and technology. Adani Group plans Rs 1.50 lakh crore in Mundra for energy projects. Other companies will also invest in manufacturing and skill development.
  • Prime Minister Narendra Modi visited Gujarat for a two-day tour. He participated in the Somnath Swabhiman Parv and offered prayers at the Somnath Temple. Modi inaugurated the Vibrant Gujarat Regional Trade Show in Rajkot. He highlighted India's economic growth and its position as a global leader. The Prime Minister will also inaugurate the Ahmedabad Metro Phase 2.
  • Reliance Industries Chairman Mukesh Ambani announced a massive Rs 7 lakh crore investment over the next five years at the Vibrant Gujarat Regional Conference. He outlined five key commitments, including building India's largest AI-ready data center in Jamnagar and transforming Kutch into a global clean energy hub, aiming for global leadership in green energy and materials.
  • Reliance Jio Platforms is reportedly considering an IPO this year, potentially raising over $4 billion by floating 2.5% of the company. This move could make it India's largest-ever IPO. The telecom giant, led by Mukesh Ambani, has diversified into AI and attracted significant investor interest.
  • Reliance is revitalizing legacy brands like Campa and BPL, leveraging nostalgia and aggressive pricing to boost its consumer ventures. The FMCG business has seen rapid growth, with ambitious plans for expansion and market share. While electronics present a tougher challenge against established global players, Reliance's deep pockets and retail muscle position it for a long-term play, particularly in underserved markets.
  • Mukesh Ambani led India's billionaire wealth surge in 2025, adding $16.5 billion as Reliance Industries rallied nearly 30%. Gautam Adani also saw his fortune grow by $5.9 billion following a clean chit from Sebi. Conversely, Shiv Nadar and Azim Premji experienced wealth declines amid IT stock downturns.
  • Reliance Industries Limited has refuted a media report alleging the government sought $30 billion from the company and BP over KG-D6 gas block underproduction. RIL clarified that the actual government claim is approximately $247 million, a figure consistently disclosed in its financial statements.
  • A Hyderabad woman was defrauded of ₹1.8 crore by cybercriminals who impersonated Mukesh Ambani and RBI officials. Over nine months, they convinced her to share bank details and activate net banking, siphoning money through numerous small transactions. The scam was uncovered when she found minimal funds left in her accounts.
  • India stands on the brink of an artificial intelligence revolution. According to Reliance Chairman Mukesh Ambani, it's imperative that India takes the helm in this groundbreaking field. Imagine a future where innovation is paired with compassion, and success is measured by meaningful impact. This vision can redefine global development standards.
  • Reliance Industries is boosting its consumer goods arm, Reliance Consumer Products. The company's authorized share capital has been expanded significantly. This move follows a business restructuring. Reliance aims to grow its FMCG business and challenge established players. The company is also investing in new factories and food parks. This strategic expansion signals a strong push into the consumer market.
  • Reliance Consumer Products has acquired a majority stake in Udhaiyams Agro Foods. This move strengthens Reliance's branded staples portfolio. Udhaiyam brings over three decades of experience in staples and packaged pulses. The promoters will continue to support growth. Morgan Stanley anticipates rating upgrades for Reliance Industries in 2026. The retail segment shows rapid scaling and quick commerce growth via JioMart.
  • Reliance Consumer Products Limited has acquired a majority stake in Udhaiyams Agro Foods Private Limited. This move brings the Tamil Nadu staples and nutrition brand Udhaiyam into Reliance's portfolio. Reliance will hold a controlling stake in the joint venture. Udhaiyams' existing promoters will retain a minority holding. Financial details of the transaction were not disclosed.
  • Incorporated in September 2025, Reliance Intelligence is a wholly owned unit of RIL housing its AI partnerships with global technology firms such as Google and Meta, besides executing its data centre plans. The group is building a gigawatt-scale AI-ready data centre in Jamnagar, Gujarat.
  • Reliance Consumer Products is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods. This company makes staples, snacks, and ready-to-cook breakfast mixes. The deal is expected to be mid-sized. Reliance aims to tap into regional markets first before a national rollout. This strategy mirrors previous acquisitions.
  • Mukesh Ambani highlighted India's need for self-reliance in crucial technologies and industries. He noted India's strong economic growth contrasts with global uncertainty. Ambani urged graduates to embrace curiosity and courage. He stated India is at a defining moment, aiming for self-sufficiency in AI, new energy, and biotechnology.
  • Reliance Industries has begun drafting a prospectus for Jio Platforms' initial public offering, aiming to make it India's largest ever. The company is in preliminary talks with banks, with the formal process expected after new IPO rules are implemented. This move could see Jio raise billions, potentially valuing it at up to $170 billion.
  • Reliance Industries has appointed Jeyandran Venugopal as the new president and chief executive officer of Reliance Retail Ventures Ltd. This is a newly created role. Venugopal joins from Flipkart. He will work with Isha Ambani and the leadership team to strengthen the retail portfolio and accelerate omni-channel growth.
  • Reliance Retail has completed an internal restructuring in which its FMCG and consumer brands business has been transferred to a new entity, New Reliance Consumer Products Ltd (New RCPL). Effective December 1, 2025, the earlier RCPL has been dissolved, and New RCPL has become a direct subsidiary of Reliance Industries Ltd (RIL), with RIL holding an 83.56% stake.
  • Reliance Industries is entering its fourth major monetisation cycle, aiming to unlock returns from nearly $80 billion invested since Covid. Analysts expect strong cash-flow growth driven by 5G leadership, data centres, refining, and new energy expansion — without increasing leverage.
  • Reliance Industries has received a penalty order of Rs. 56.44 crore from CGST, Ahmedabad. The order pertains to input tax credit interpretation. Reliance plans to appeal the decision. The company stated the penalty will not impact its operations.
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Quote of the day by Oscar Wilde: 'The one charm of marriage is that it makes a life of deception absolutely necessary for both parties...' A century-old lesson on trust, compromise, and acceptance in relationships by the Irish literary legendQuote of the day by Oscar Wilde: 'The one charm of marriage is that it makes a life of deception absolutely necessary for both parties...' A century-old lesson on trust, compromise, and acceptance in relationships by the Irish literary legend
Quote of the day by Nicholas Sparks: ‘You are so caught up in being alone, you are afraid of what might happen if you actually find someone…’ what The Walk to Remember author's lines teach us about love, grief and emotional vulnerabilityQuote of the day by Nicholas Sparks: ‘You are so caught up in being alone, you are afraid of what might happen if you actually find someone…’ what The Walk to Remember author's lines teach us about love, grief and emotional vulnerability
Norwegian proverb of the day: ‘Bad is called good when worse happens…’ what this teach about facing hardshipsNorwegian proverb of the day: ‘Bad is called good when worse happens…’ what this teach about facing hardships
French proverb of the day: 'At the end of the chess game, both the king and the pawn go back into the exact same box...' A timeless lesson on why power and wealth does not define a personFrench proverb of the day: 'At the end of the chess game, both the king and the pawn go back into the exact same box...' A timeless lesson on why power and wealth does not define a person
Quote of the day by Angelina Jolie: 'You really try to hide from your children how much pain and sadness you carry,' what the Mr. & Mrs. Smith actress’s line reveals about parenting and emotional strengthQuote of the day by Angelina Jolie: 'You really try to hide from your children how much pain and sadness you carry,' what the Mr. & Mrs. Smith actress’s line reveals about parenting and emotional strength
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