Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]
The Reserve Bank of India has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise. The initiative to link BRICS digital currency to potentially bypass the US dollar can irk Donald Trump, […]
Reliance Industries Ltd. has paused plans to make lithium-ion battery cells in India after failing to secure Chinese technology, said people familiar with the matter, reflecting how even the country’s most powerful businesses are struggling to build out an independent clean-energy supply chain. In August 2025, Reliance Industries Chairman Mukesh Ambani had told shareholders that […]
Reliance Industries Ltd.’s shares tumbled after analysts warned of rising competition in the retail sector, where the Mukesh Ambani-controlled conglomerate is a major player. Shares of the oil-to-telecom major slid as much as 5.2% on Tuesday, heading for its worst day since June 2024. The selloff also weighed on the nation’s stock gauges, where Reliance […]
India’s Russian oil imports are set to decline to the lowest in years Reliance Industries Ltd. said it’s not expecting any delivery in January. Reliance Industries was the biggest Indian buyer of Russian crude last year. (Reuters) “Reliance Industries’s Jamnagar refinery has not received any cargo of Russian oil at its refinery in the past […]
India’s stock market fell today, pulled lower by heavyweights HDFC Bank Ltd. and Reliance Industries Ltd., a day after Nifty 50 hit record high. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Reuters) SENSEX NIFTY UPDATE The Nifty 50 hit an intraday record on Monday before reversing to close 0.3% lower. Seven of […]
India’s state-backed telecom operator Bharat Sanchar Nigam Ltd. has launched nationwide WiFi calling services, stepping up efforts to retain subscribers and modernise its network against private sector heavyweights. BSNL had 9.25 mobile subscribers and 44.2 lakh wired broadband subscribers in October 2025. (HT) The new service, effective 1 January 2026, allows users across all telecom […]
Reliance Industries Ltd. has resumed Russian oil imports, sourcing barrels from non-sanctioned suppliers and routing them to its Jamnagar refinery in Gujarat, according to people with knowledge of the matter. Reliance Industries has resumed Russian oil imports from non-sanctioned suppliers and routing them to its Jamnagar refinery. (Reuters) India’s largest refiner contracted Aframax tankers from […]
Reliance Industries Ltd. is said to have started working on an initial draft red-herring prospectus for the Jio Platforms IPO, in what is expected to be India’s biggest-ever listing. Reliance Industries, led by Chairman Mukesh Ambani, is informally speaking with banks to prepare the Jio Platforms IPO DRHP, which they plan to file with SEBI […]
Reliance Retail Ventures Ltd. has appointed an external CEO after completion of an internal restructuring, which makes the company a direct subsidiary of Reliance Industries Ltd. ahead of a planned listing. Campa Cola is one of the many FMCG brands of Reliance Retail. (AFP) Jeyandran Venugopal, Flipkart’s former chief product and technology officer, has been […]