Mumbai, July 17 (IANS) Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated net profit at Rs 20,946 crore for the first quarter of the current financial year (Q1 FY27), which represents a 22 per cent year-on-year (YoY) decline largely due to a one-time exceptional item in the same quarter of the previous year.The conglomerate’s net profit had jumped to Rs 26,994 crore in the first quarter of 2025-26 (Q1 FY26) due to the sale of Asian Paints stake.The …
Latest Reliance Industries Limited News & Updates
Mumbai, June 7 (IANS) The combined market valuation of seven of the country’s top-10 most valued companies declined by Rs 1.25 lakh crore last week.During the same period, the Sensex fell 532.4 points, or 0.71 per cent, while the Nifty slipped 181.05 points, or 0.76 per cent.Among the major laggards, Reliance Industries Limited saw the sharpest erosion, with its market capitalisation falling by Rs 39,718 crore to Rs 17,47,321.40 crore.The stock continued to remain the most valued listed compan…
New Delhi, March 26 (IANS) Reliance Industries Limited (RIL) on Thursday refuted reports that it has purchased Iranian crude, calling these reports “baseless”.Reports earlier claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily removed sanctions on Iranian oil at sea.According to the report, RIL bought the oil from the National Iranian Oil Co.”Reliance Industries Limited categorically rejects recent media reports that the company has pur…
Mumbai, March 7 (IANS) Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), along with his son Anant Ambani, hosted President of Finland, Dr. Alexander Stubb, at their residence in the financial capital, it was announced on Saturday.The “gathering reflected a spirit of friendship, meaningful conversation, and the strengthening of ties through shared values”, according to an X post by Reliance Industries Limited (RIL).During his India visit this week, Stubb earlier …
New Delhi, Feb 25 (IANS) Reliance Industries Limited on Wednesday announced a major change in the ownership structure of its step-down subsidiary, Reliance Enterprise Intelligence Limited (REIL), after completing a large share allotment worth Rs 853.20 crore.The development comes after REIL issued 85,31,75,000 equity shares with a face value of Rs 10 each at par.The total transaction value stands at Rs 853.20 crore and marks a strategic partnership between Reliance and global tech giant Meta Pla…