November 3, 2026
Home Posts tagged Mukesh Ambani
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Shares of Reliance Industries surged 11.6% on Monday, recording their strongest single-day performance in more than six years. The rally followed better-than-expected quarterly results, with the company reporting a 40.6% increase in net profit to ₹25,548 crore for the September quarter. Stronger refining and petrochemical margins played a major role in driving the earnings Continue Reading
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Jio Platforms, the telecom and digital services company backed by billionaire Mukesh Ambani, reported a 13.7% increase in quarterly net profit on Friday, October 30. This marks its first earnings announcement since its record-breaking stock market debut earlier this week, which made it India’s second most valuable listed company. Net profit rose to ₹83.89 billion Continue Reading
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Reliance Jio Platforms, the telecom and digital services company owned by billionaire Mukesh Ambani’s Reliance Group, surged 27% on its stock market debut in Mumbai on October 28, 2026. Following India’s largest-ever initial public offering (IPO), valued at $3.2 billion, Jio reached a market capitalisation of approximately $137 billion, becoming India’s second-most Continue Reading
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US Secretary of State Marco Rubio said he would encourage India’s Reliance Industries to refine more Venezuelan crude oil at its Indian refineries and explore opportunities to resume oil production in Venezuela. Speaking to reporters in Mumbai on October 20, Rubio said the discussions would focus on the company’s substantial refining capabilities and potential Continue Reading
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Reliance Industries, led by billionaire Mukesh Ambani, has said it welcomes competition from Elon Musk’s Starlink and that its own satellite internet services are also awaiting government clearance. The statement marks Reliance’s first public response to allegations that Ambani was obstructing Starlink’s entry into India. The Indian government has denied favouring any Continue Reading
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India’s Telecom Minister Jyotiraditya Scindia has rejected claims of monopolies in the country’s telecom sector following Elon Musk’s criticism over delays in launching Starlink satellite internet services in India. Musk questioned whether Reliance Industries chairman Mukesh Ambani was using political influence to block Starlink’s entry, asking on social media whether Continue Reading
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The Delhi High Court has allowed Reliance Industries to continue marketing its Campa brand beverages as “energy drinks,” providing temporary relief to Reliance Consumer Products. The case challenges a June 30 order by the Food Safety and Standards Authority of India (FSSAI), which directed manufacturers of high-caffeine beverages to stop using the “energy drink” Continue Reading
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India’s Zee Entertainment has asked the Delhi High Court to initiate contempt proceedings against JioStar, alleging the Reliance-Disney joint venture continued using Zee’s copyrighted music and songs despite a court injunction. Zee claims JioStar showed “wilful disobedience” by continuing to use the content in programmes broadcast on its platforms. The dispute began in Continue Reading
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Reliance Consumer Products, the consumer goods arm of billionaire Mukesh Ambani’s Reliance Industries, has entered India’s competitive ice cream market with its new brand, Bombay Creamery. Starting at just ₹10, the range includes cones, cups, tubs, bars and sticks. The products are currently available in western India, with a nationwide rollout planned soon. The launch Continue Reading

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