Reliance Industries Ltd

Reliance Industries will continue to remain the controlling shareholder of Jio Platforms with a 66.43% stake. As of 31 March 2026, Reliance Industries held 593.78 crore shares in Jio Platforms. According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed. The issue proceeds will be used primarily for the prepayment or repayment of certain borrowings of Reliance Jio Infocomm (RJIL), the company's material subsidiary, and for general corporate purposes. Jio Platforms plans to deploy up to Rs 27,500 crore from the net proceeds towards repayment or prepayment of RJIL borrowings. Jio Platforms reported revenue from operations of Rs 146,885.30 crore in FY26, up 14.6% from Rs 128,218.40 crore in FY25. EBITDA rose 18.8% to Rs 76,255.40 crore from Rs 64,170 crore, while EBITDA margin improved to 51.91% from 50.05%. Profit before tax increased 14.9% to Rs 40,353.10 crore in FY26 from Rs 35,127.30 crore in FY25. Profit after tax rose 15.1% to Rs 30,049.10 crore from Rs 26,109 crore a year earlier. Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. The company had a customer base of 524.4 million at the end of FY26, compared with 488.2 million a year earlier. Jio Platforms houses Reliance Industries' telecom, digital platform and technology businesses and is one of the country's largest digital services companies. Reliance Industries, India's largest private sector enterprise, has interests spanning oil and gas exploration, refining and petrochemicals, retail, digital services, advanced materials and renewable energy. On a consolidated basis, Reliance Industries reported an 8.9% decline in profit after tax, including share of profit or loss from associates and joint ventures, to Rs 20,589 crore in Q4 FY26. Profit before tax fell 6.6% year-on-year to Rs 27,195 crore. Gross revenue increased 12.9% to Rs 325,290 crore, driven by strong performance in the oil-to-chemicals, retail and digital services businesses, although lower gas production from the KG-D6 block weighed on the oil and gas segment. Powered by Capital Market - Live

Jio Platforms (JPL) has today, i.e., 19 June 2026, filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in connection with its proposed IPO. The IPO will be subject to receipt of the required regulatory approvals.

Ambani said Reliance is also developing a carbon fibre facility at Hazira, which will be the largest of its kind. In addition, the company is setting up a PVC and CPVC facility with a capacity of 1.2 million tonnes, aimed at reducing India's dependence on imports. In the fuel retail business, Jio-bp maintained adequate fuel availability across its network during the year, he said. The company's fuel retail network expanded 29% year on year to nearly 2,200 outlets, with another 400 outlets under construction. Ambani added that Jio-bp has expanded its EV charging infrastructure to 80 cities and 45 highways. The company also strengthened its consumer products and services network, becoming the largest player in the segment. Powered by Capital Market - Live

Ambani said Reliance Retail and Reliance Consumer Products (RCPL) will drive growth through an advanced manufacturing platform spanning categories such as beverages, daily essentials and fresh fruits and vegetables. He said the company plans to modernise the largely unorganised fresh produce segment by leveraging its sourcing, cold-chain and distribution network. The initiative aims to reduce wastage, improve hygiene and food safety standards, and deliver better value to farmers, retailers and consumers. Ambani also announced plans to build a future-ready garment manufacturing ecosystem. Reliance has already established supplier partnerships across 21 manufacturing clusters nationwide to produce quality garments at competitive costs. In addition, the company plans to expand domestic manufacturing of affordable electronics, including smart eyewear, televisions, smartphones and connected wearables, while maintaining a strong focus on customer service. The second growth engine will be an exports platform, which Ambani described as a natural extension of the manufacturing business. He said the rapid growth of Reliance's consumer brands portfolio in India has strengthened the company's confidence to build a scalable global FMCG business. According to Ambani, the export initiative will leverage Reliance's growing brand portfolio and product capabilities to serve consumers across international markets.Powered by Capital Market - Live

Akash Ambani said the platform is part of the company's efforts to build AI-driven digital services and infrastructure. He also announced that Jio Homes will offer next-generation broadband connectivity with speeds of up to 5 Gbps download and 1 Gbps upload, dedicated to individual households. Highlighting the scale of Reliance's digital ecosystem, Ambani said JioHotstar recorded an average of 451 million monthly active users during FY26, making it the largest streaming platform in India and among the largest globally. Meanwhile, microcontent platform Tadka has crossed 100 million users within just two months of its launch, reflecting strong user adoption across Reliance's digital platforms. The announcements underscore Reliance's growing focus on artificial intelligence, digital content and high-speed connectivity services. Powered by Capital Market - Live

The initial phase will have a capacity of 120 MW and will form the foundation of Reliance Intelligence's AI infrastructure. Akash Ambani said the company is operationalising an initial fleet of advanced Nvidia GB300 GPUs to power its AI ecosystem. He added that Reliance's partnership with Google has evolved into an AI-first collaboration aimed at serving hundreds of millions of Jio users. As part of the partnership, Google AI Pro, powered by Gemini, is being offered free of cost to users. Reliance Intelligence will provide sovereign AI hosting within India, enabling enterprises to deploy and manage AI models while retaining ownership and control over their data and intellectual property, Ambani said. He added that the platform will offer full model transparency and portability, allowing businesses to operate on India's sovereign AI infrastructure without compromising control over their AI assets. Powered by Capital Market - Live

The proposed IPO will comprise a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. The issue price will be determined through the book-building process in accordance with SEBI regulations. Jio Platforms' board approved the DRHP at its meeting held on 19 June 2026. The company plans to file the draft offer document with the Securities and Exchange Board of India (SEBI), BSE and the National Stock Exchange of India (NSE). Reliance Industries said the proposed IPO remains subject to receipt of the necessary regulatory approvals. Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. Shares of Reliance Industries fell 1.19% to Rs 1311.90 on the BSE. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Powered by Capital Market - Live

The key equity benchmarks traded with deep cuts in early trade, weighed down by heavy selling in index-heavyweight IT stocks. Investor sentiment remained subdued amid caution ahead of the U.S. Federal Reserve's policy decision, with concerns that a prolonged higher-interest-rate environment could impact global economic growth and weigh on technology sector earnings. Market participants will closely monitor monsoon developments, FII activity, and inflation trends for directional cues. Nifty slipped below the 23,050 mark. IT, realty and consumer durables shares tumbled while pharma and media shares advanced. At 09:25 IST, the barometer index, the S&P BSE Sensex tumbled 793.24 points or 1.02% to 76,621.27. The Nifty 50 index declined 218.20 points or 0.91% to 23,949.50. In the broader market, the BSE 150 MidCap Index fell 0.42% and the BSE 250 SmallCap Index shed 0.03%. The market breadth was negative. On the BSE, 1,428 shares rose and 1,535 shares fell. A total of 170 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,025.20 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,516.81 crore in the Indian equity market on 18 June 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.03% to 6.845 compared with previous session close of 6.843. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.2200 compared with its close of 94.4025 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 1.61% to Rs 146,875. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 100.92. In the commodities market, Brent crude for August 2026 settlement fell 63 cents or 0.79% to $79.22 a barrel. Stocks in Spotlight: Reliance Industries (RIL) rose 0.31. The company will hold its 49th Annual General Meeting (AGM) on June 19, with investors closely tracking updates on the much-anticipated Jio listing, artificial intelligence initiatives and the company's new energy business. According to stock exchange filings, the AGM will begin at 2 pm and will be conducted through video conferencing and other audio-visual means. The event is among the most closely followed corporate events in India, with investors looking for key strategic announcements after last year's AGM, where Mukesh Ambani outlined initiatives across telecom, AI and digital infrastructure. Bharat Forge rose 0.48%. The company's wholly owned defence subsidiary, Kalyani Strategic Systems, has entered into a strategic partnership with AM General, a leading provider of military vehicle and mobile defence capabilities, at the Eurosatory defence exposition. The partnership is aimed at enabling broader allied distribution and positioning the platform as a scalable and exportable artillery solution for partner nations. It targets demand for modern, mobile, and survivable 155mm firepower systems across global defence markets. HCL Technologies tumbled 5.34%. The company has launched the AI Innovation Zone in Chennai to enable enterprises to develop and operationalise Intel-based AI products along with HCLTech AI solutions. The initiative aims to accelerate the shift from experimentation to production-ready and cost-efficient AI deployments, strengthening enterprise adoption of scalable AI technologies. Global Markets: Most Asian markets declined on Friday even as peace in the Middle East with the reopening of the Strait of Hormuz pulled oil prices even lower and eased inflation fears. Mainland China and Hong Kong's stock markets are closed for the Dragon Boat Festival holiday. Taiwan was also on holiday. The U.S. dollar was on a tear, hovering near a 13-month high on its major peers, after a hawkish turn from the Federal Reserve led markets to price in more than one rate hike this year. As per reports, oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect. Brent crude futures dropped 1% on Friday to $79.03 a barrel, and were down 9.5% for the week. Overnight on Wall Street, U.S. stocks rose on Thursday, staging a comeback after the Federal Reserve indicated the possibility of a rate hike this year ' a move that sparked a sell-off in equities during the previous session. The S&P 500 added 1.08%, closing at 7,500.58, and the Nasdaq Composite climbed 1.91% to 26,517.93. The Dow Jones Industrial Average rose by 72.15 points, or 0.14%, to end at 51,564.70.Powered by Capital Market - Live

Reliance Industries Ltd gained for a fifth straight session today. The stock is quoting at Rs 1329.1, up 0.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 24044.25. The Sensex is at 77027.5, up 0.29%. Reliance Industries Ltd has slipped around 0.51% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has slipped around 1.36% in last one month and is currently quoting at 39915.4, up 0.36% on the day. The volume in the stock stood at 54.48 lakh shares today, compared to the daily average of 174.87 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1329.4, down 0.05% on the day. Reliance Industries Ltd is down 7.06% in last one year as compared to a 3.09% drop in NIFTY and a 12.31% drop in the Nifty Energy index.The PE of the stock is 42.03 based on TTM earnings ending March 26.Powered by Capital Market - Live

RIL said it will build a 168 MW data centre for Meta, with the facility expected to be delivered within two years. The agreement also includes an option to scale up capacity in the future. The project marks Meta's first built-to-suit data centre capacity in India. Meta will lease capacity from the facility to support its global infrastructure and artificial intelligence computing requirements. Under the agreement, RIL will provide end-to-end services for the project, including design, construction, utility management, renewable power supply, network connectivity and operational services. The company said the Jamnagar location offers advantages such as access to renewable energy, water availability, proximity to submarine cable landing stations on India's western coast and connectivity through Jio's fibre network. RIL added that the data centre will run on renewable energy and use desalinated seawater for cooling. Commenting on the development, Mukesh D. Ambani said the partnership highlights India's growing role in the global AI ecosystem and will help establish Jamnagar as a major destination for hyperscale AI computing. Mark Zuckerberg said the facility will support Meta's global AI infrastructure expansion while strengthening its long-term investment in India. RIL said the project aligns with the Government of India's efforts to position data centres as strategic national infrastructure and attract global AI investments into the country. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Powered by Capital Market - Live