India's leading companies saw a significant surge in market valuation last week, with Reliance Industries at the forefront, contributing to a total gain of Rs 74,111 crore for six of the top-10 most-valued firms.

Reliance Industries is reportedly in discussions with CATL and other manufacturers regarding the procurement of components for large-scale battery systems.

Indian conglomerate Reliance Industries reported dented profit growth, attributed to the volatility and upheaval in the global oil market.

Reliance Industries reported a 12.5% year-on-year decline in Q4 net profit to Rs 16,971 crore, primarily due to the Middle East crisis, while its Jio telecom unit saw a 13% rise in profit after tax.

A unit of Reliance Industries has begun loading 2 million barrels of Venezuelan crude oil, directly purchased from PDVSA, after securing a US general license in February 2026.

Analysts provide positive outlooks for Reliance Industries, M&M, and Max Healthcare due to new deals and expansion, while L&T faces headwinds from Middle East project concerns.

Financial author Robert Kiyosaki suggests that India's Reliance Industries could play a crucial role in Donald Trump's strategy concerning Venezuelan oil, implying a deliberate connection.

The refinery project will be developed by America First Refining at Brownsville and the project will also involve investment from India’s Reliance Industries.

Analysts are bullish on Reliance Industries, citing strong refining margins and a recovering chemical cycle. Interglobe Aviation sees a target upgrade amid peer losses, while AU Small Finance Bank receives a neutral rating due to RBI norm changes. Ambuja Cements is favored for its cost efficiencies and expansion plans.

Two tankers loaded with fuel from India's Reliance Industries, originally destined for Europe, have changed course and are now bound for Asia to leverage strong market margins.

As India races to narrow the artificial intelligence gap with the United States and China, it is planning a vast new “data city” to power digital growth on a staggering scale, the man spearheading the project says. “The AI revolution is here, no second thoughts about it,” said Nara Lokesh, information technology minister for Andhra Pradesh state, which is positioning the city of Visakhapatnam as a cornerstone of India’s AI push. “And as a nation… we have taken a stand that we’ve got to embrace it,” he told AFP ahead of an international AI summit next week in New Delhi. Lokesh boasts the state has secured investment agreements of $175 billion involving 760 projects, including a $15bn investment by Google for its largest AI infrastructure hub outside the United States. And a joint venture between India’s Reliance Industries, Canada’s Brookfield and US firm Digital Realty is investing $11bn to develop an AI data centre in the same city. Visakhapatnam — home to around two million people and popularly known as “Vizag” — is better known for its cricket ground that hosts international matches than cutting-edge technology. But the southeastern port city is now being pitched as a landing point for submarine internet cables linking India to Singapore. “The data city is going to come in one ecosystem… with a 100 kilometre radius,” Lokesh said. For comparison, Taiwan is roughly 100km wide. ‘Whole nine yards’ Lokesh said the plan goes far beyond data connectivity, adding that his state had “received close to 25 per cent of all foreign direct investments” in India in 2025. “It’s not just about the data centres,” he explained while outlining a sweeping vision of change, with Andhra Pradesh offering land at one US cent per acre (three per hectare) for major investors. “I’m chasing the companies that make those servers that go sit in those data centres, the companies that make the entire air conditioning, the water-cooling system — the whole nine yards.” The 43-year-old, Stanford-educated minister is the son of Andhra Pradesh Chief Minister N. Chandrababu Naidu, who helped turn Hyderabad into a major technology hub that is dubbed “Cyberabad”. They are allies of Prime Minister Narendra Modi, who will host the AI Impact Summit from Monday. India is now third in a global AI power ranking — sitting above South Korea and Japan — based on more than 40 indicators from patents to private funding calculated by Stanford University’s Institute for Human-Centred AI. With more than a billion internet users, India has seen a surge of investment as generative AI players seek inroads to the world’s most populous country. Microsoft said in December it will invest $17.5bn to help build the country’s artificial intelligence infrastructure, with CEO Satya Nadella calling it the firm’s “largest investment ever in Asia”. But critics say India lags in access to high-end computing power or commercial AI deployment, and remains more a consumer than creator of the cutting-edge technology. Some question whether data centres will create meaningful employment when up and running, but Lokesh rejects that. “Every industrial revolution has always created more jobs than it has displaced,” he said. “But it has created those jobs in countries that have embraced the industrial revolution.” ‘Learned from China’ Lokesh argues that the jobs and economic benefits would more than compensate for the giveaway cost of land. He said the state government had accounted for the vast electricity and water demands for the energy-hungry industry, and would tap “surplus water” that drains into the Bay of Bengal to cool the massive data centres. “It’s a crime that so much water during monsoons goes into our oceans,” he said. He cited China as an inspiration — admiring how India’s rival had “been able to systematically bring people out of poverty” at speed. The state’s plan to create industrial clusters was something he had “learned from China”. With a target of six gigawatts of data centre capacity — three already signed and another three in the pipeline — Andhra Pradesh is betting that speed and scale will give it an edge. New Delhi last year agreed to “in-principle approval” for six 1.2 GW nuclear power plants at Kovvada in Andhra Pradesh. “We are on a journey,” Lokesh said. “We will execute these projects at a pace that the country has never seen”.

Reliance Industries in India plans a massive $110 billion investment in artificial intelligence, signaling a major push into the technology sector.

India's Reliance Industries has announced a massive investment of $110 billion into artificial intelligence technologies, signaling a major push into the sector.

Reliance Industries Limited (RIL) is seeking conciliation with the Indian Centre in a gas dispute, a day after the Centre accused the consortium of 'virtually committed a theft' of natural gas, with the Supreme Court continuing its hearings.

Billionaire Mukesh Ambani's Reliance Industries is noted for paying a "national champion price," indicating its significant market position and influence.

Indian equity markets experienced a substantial decline, with the top ten most-valued firms losing over Rs 2 lakh crore. Tata Consultancy Services and Reliance Industries bore the brunt of this decline, influenced by geopolitical tensions.

The Gujarat High Court has set aside a bill of Rs 146.79 lakh issued to Reliance Industries Limited (RIL) for alleged unpaid water charges. The court's decision overturns the previous demand for payment.

The windfall gains tax on diesel and jet fuel exports will not apply to exports originating from the Special Economic Zone (SEZ) refinery operated by Reliance Industries.

The proposed facility in Texas will be Reliance Industries’ second greenfield investment outside India.

The Union Govt has invoked the Essential Commodities Act, 1955, to re-prioritise allocation of both natural gas and LPG

India's Reliance Industries has purchased 6 million barrels of Russian oil for March delivery, according to sources familiar with the matter.

Facebook Overseas has acquired a 30% stake in a Reliance Industries Limited (RIL) firm for ₹257 crore, marking a significant investment.

India's Reliance Industries announced a massive $110 billion investment in artificial intelligence, signaling a significant push into the AI sector.

Senior representatives from Reliance Industries Ltd. and the Adani Group are actively recruiting young engineers and data scientists at an AI summit.

The Indian government has informed the Supreme Court that a consortium led by Reliance Industries Limited (RIL) allegedly stole gas belonging to ONGC. This marks a significant legal dispute over natural resources.

India's Dalal Street concluded a holiday-shortened week with gains, as the combined market valuation of the top 10 firms surged by Rs 2.20 lakh crore, with Reliance Industries emerging as the biggest gainer despite volatile trading.

India's Reliance Industries announced a fall in its quarterly profit, attributing the decline to the impact of the Iran war.

Bajaj Broking Research has identified Reliance Industries and Varun Beverages as top stock recommendations for investors on April 17, 2026.

Reliance Industries is said to be collaborating with six banks in preparation for the planned initial public offering (IPO) of its telecommunications arm, Jio, in India.

Reliance Retail, a subsidiary of Reliance Industries, has acquired the premium beauty brand Pahadi Local, expanding its portfolio in the beauty and wellness sector.

US oil major Chevron has sold its first cargo of Venezuelan crude oil to Reliance Industries since December 2023, according to ship tracking data and two sources.

India's Reliance Industries plans to invest $110 billion in AI, while Tata Group partners with OpenAI to boost India's AI capabilities and build significant AI data center capacity.

Reliance Industries, an Indian conglomerate, has announced a massive investment of $110 billion into artificial intelligence.

TGI Group has formed a joint venture with Reliance Consumer Products, the FMCG arm of India’s Reliance Industries, to offer global quality FMCG products at affordable prices.