Reliance Industries (RIL) delivered a better-than-expected operational performance in Q1FY27, driven by a recovery in its oil-to-chemicals (O2C) business and robust gains in the telecom (Jio) segment, though its retail arm missed estimates. Analysts highlight the upcoming Jio Platforms IPO and execution in new energy and consumer businesses as key triggers for the stock's future growth.
India's fair trade regulator, the Competition Commission of India (CCI), has dismissed a complaint alleging anti-competitive conduct against Reliance Jio Infocom Ltd and over 4,500 other firms across various sectors, citing a lack of specific evidence.
Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) aiming to raise approximately USD 4 billion (about Rs 37,700 crore), which is expected to be India's largest ever IPO.
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
Shares of Reliance Industries climbed nearly 3 per cent after its digital unit, Jio Platforms, filed draft papers for what could become India's largest-ever initial public offering, with the offering potentially raising around Rs 37,700 crore (USD 4 billion).
Brokerages are forecasting a strong first quarter (April-June/Q1) for Reliance Industries Ltd (RIL) in FY2026-27, with double-digit revenue growth, Ebitda increases of around 12 per cent, and net profit rising up to 10 per cent, primarily driven by its oil-to-chemicals (O2C), retail, and Jio businesses.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
This week's OTT releases feature a diverse range of films and series, including the spiritual sequel 'Cocktail 2' starring Shahid Kapoor, Rashmika Mandanna, and Kriti Sanon, Kangana Ranaut's 'Bharat Bhagya Vidhata' based on the 26/11 Mumbai attacks, and the RSS-themed drama 'Aakhri Sawwal'.
Salman Khan is set to host Bigg Boss 20, introducing a new twist 'Extra Jeevan Daan' that promises to revolutionise the game with higher stakes and unexpected challenges for contestants.
Television actors attended the premiere of the new show on Colors TV, a military medical drama series called 108 Base Hospital, Uri, starring Erica Fernandes and Gashmeer Mahajani.
Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.
Discover the top OTT releases this week, featuring a compelling mix of Hindi dramas like Imtiaz Ali's Main Vaapas Aaunga and Manoj Bajpayee's Governor, alongside regional and international titles.
Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.
Mike McCabe, COO and Deputy CEO of the Esports Foundation, believes India has "more potential than any country on the planet" for esports, citing its enormous fan base, improving competitive ecosystem, and evolving policy environment as key drivers for rapid acceleration in the sport.
This week's OTT releases offer a diverse selection: Varun Dhawan's new comedy Hai Jawani Toh Ishq Hona Hai, the highly anticipated sequel The Devil Wears Prada 2 starring Meryl Streep and Anne Hathaway and the blockbuster anime film Demon Slayer: Kimetsu No Yaiba The Movie: Infinity Castle.
New dematerialised (demat) account additions in India reached a six-month high in July, with 2.89 million new accounts opened, driven by a buoyant initial public offering (IPO) market and a broad-based rally in equities.
Only 2.5 per cent of the equity in Jio Platforms will be offloaded through the OFS route -- meant for secondary share sale.
Bengaluru-based electric air taxi startup Sarla Aviation has received Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA), a crucial step towards commercial production of its indigenous electric vertical take-off and landing (eVTOL) aircraft. The company also inaugurated its new headquarters and announced partnerships, highlighting India's growing capabilities in advanced aerospace technology.
This week's OTT offerings promise a diverse range of entertainment, from daredevilry in a sari to epic filmmaking journeys and a variety of spooky, lucky, and heart-stopping shows.
Australian cricket legend Ellyse Perry has lauded Indian superstars Smriti Mandhana and Harmanpreet Kaur, highlighting Mandhana's "incredible willpower" and "super-strong mind," and Kaur's "tenacity." Perry also expressed enthusiasm for the upcoming ICC Women's Champions Trophy and reflected on the evolving landscape of women's cricket.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
India's 10 most valuable families had a combined valuation of Rs 70.5 trillion.
Former India hockey goalkeeper PR Sreejesh has advised the current national team to manage World Cup pressure by trusting their preparation and enjoying the occasion. He expressed optimism about India's chances, aiming for a top-four finish in the upcoming FIH World Cup.
Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.
Lots of interesting films coming up in theatre this August, and the entertainment at home is just as good!
Former Indian cricketer Irfan Pathan shared his experiences with online trolling and fake news, recounting a specific incident where a photoshopped image led to a false story about him being refused an interview by Pakistani batter Babar Azam. Pathan emphasised his approach of not responding to such fabrications, stating that constant engagement would make life unmanageable.
Rajkumar Santoshi's best films prove that few Bollywood filmmakers could mix hard-hitting drama, action, comedy and sheer masala madness quite like him.
Veteran Indian midfielder Manpreet Singh, preparing for his fourth and potentially final Hockey World Cup, expresses his determination to lead India to its first title in 51 years. He highlights the team's experience, preparation, and focus on fitness and defence, confident in their ability to reach the final.
The most powerful man in Eternia arrives on OTT this week. But wait, there's more, Sukanya Verma lists them for you.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
South African batter David Miller considers his unbeaten 101 against Royal Challengers Bengaluru in IPL 2013 as his most rewarding league innings, highlighting its role in shaping his career. He also discussed mastering the art of finishing games and his favourite IPL memory, winning the title with Gujarat Titans in 2022.
South African batting stalwart David Miller has expressed his strong desire to win the 2027 ODI World Cup, which will be co-hosted by South Africa. He aims to finish his career on a high note by lifting the trophy in front of home fans. Miller also reflected on his career as a middle-order finisher and highlighted his most memorable innings.
Indian women's hockey team captain Savita Punia believes their recent FIH Nations Cup triumph has instilled the confidence needed to challenge top teams and secure a podium finish at the upcoming World Cup.
Former Indian fielding coach T Dilip shared his most cherished memory with the team, highlighting the profound silence in the dressing room after their T20 World Cup 2024 victory.
Bharti Airtel, India's second-largest telecom operator, reported a 37.3 per cent rise in consolidated net profit to 8,167 crore for Q1 FY27, driven by the addition of high-paying premium customers, despite missing Bloomberg consensus estimates.
JioStar has terminated its broadcast deals in Bangladesh for IPL 2026, saying its local partner defaulted on payments.
Awarapan 2, featuring Emraan Hashmi, is set to release 19 years after its original, joining a growing trend of long-delayed Bollywood sequels attempting to capitalise on nostalgia and past successes like Gadar 2 and Border 2, but not all such reboots guarantee box office triumph.
