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Akash Ambani named Jio Platforms managing director as IPO talks hit a new valuation range

Akash Ambani named Jio Platforms managing director as IPO talks hit a new valuation range

Jio Platforms, Reliance Industries’ digital arm, has appointed Akash Ambani as managing director for five years starting April 9, 2026. The move was unanimously approved by the board and filed with the MCA. It comes as the company reportedly reworks its IPO route and pricing, with analysts valuing Jio Platforms between $200 billion and $240 billion.

Summarised by Beize from a story on Startup Talky on 13 May 2026
HDFC Mutual Fund adds Reliance and Airtel as banking stocks still dominate April holdings

HDFC Mutual Fund adds Reliance and Airtel as banking stocks still dominate April holdings

HDFC Mutual Fund’s April 2026 portfolio stayed heavily focused on banks, with ICICI Bank, HDFC Bank and Axis Bank among the top holdings. The fund also expanded exposure to Reliance Industries and Bharti Airtel, alongside increased allocation to Kotak Mahindra Bank and Eternal, signaling a cautious broadening beyond core financials.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Jio Platforms names Akash Ambani as MD five years before IPO shakeup

Jio Platforms names Akash Ambani as MD five years before IPO shakeup

Jio Platforms has appointed Akash Ambani as managing director for five years from April 9, 2026, according to MCA filings. The move comes ahead of an anticipated IPO as the company reportedly revises its public offering structure, weighing options beyond an offer-for-sale amid disagreements on valuation and pricing. Jio Platforms’ latest results show rising profit and revenue.

Summarised by Beize from a story on Inc42 on 13 May 2026
Jio Platforms IPO gets a major rethink as Reliance faces valuation pushback

Jio Platforms IPO gets a major rethink as Reliance faces valuation pushback

Reliance Industries is reportedly revamping Jio Platforms’ mega IPO plans after internal and investor disagreements over valuation. The shift comes as stakeholders debate what the company should be priced at before listing. ETtech Top 5 also flags DailyObjects lining up fresh capital, adding to the day’s focus on funding and market appetite.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Reliance nears satellite leap as Ambani plots Low Earth network to challenge Starlink

Reliance nears satellite leap as Ambani plots Low Earth network to challenge Starlink

Reliance Industries, via Jio Platforms, is evaluating a multi billion dollar satellite communications push focused on low Earth orbit networks. Mukesh Ambani’s plan looks to boost India’s strategic and connectivity capabilities as global competition intensifies, with talks ongoing around technology partners, securing orbital slots, and even potential acquisitions.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Reliance Industries to shut key crude units at 660000 bpd refinery for weeks

Reliance Industries to shut key crude units at 660000 bpd refinery for weeks

Reliance Industries plans to shut a crude unit and related secondary units at its 660,000 barrels per day refinery for three to four weeks, starting around mid May. Scheduled maintenance later this month is timed after Nayara Energy’s planned return to operations, with the company citing efforts to avoid fuel shortages across India.

Summarised by Beize from a story on The Economic Times on 5 May 2026

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Reliance slashes alkylates production while ramping LPG output to tackle India’s cooking fuel crisis

Reliance slashes alkylates production while ramping LPG output to tackle India’s cooking fuel crisis

Reliance Industries is ramping up liquefied petroleum gas (LPG) production while cutting alkylates, a gasoline-blending component. The company is doing this to offset expected losses from reduced Middle East LPG imports. With India facing a severe cooking fuel shortage, the government has urged refiners to maximize LPG output to protect household supply.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Sohum Asset Manager shifts to Reliance and private banks to outlast global jitters

Sohum Asset Manager shifts to Reliance and private banks to outlast global jitters

Sohum Asset Managers is moving toward safer large-cap stocks as global uncertainty looms. The fund is overweighting domestic businesses and underweighting global exposure, a tilt that has supported performance. Reliance Industries is a top bet for meaningful upside, while private sector banks take a significant share. FMCG is largely avoided due to expensive valuations.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Reliance crosses 10 billion profit mark becoming first Indian firm to do so

Reliance crosses 10 billion profit mark becoming first Indian firm to do so

Reliance Industries has hit a historic milestone, reporting an annual net profit above $10 billion and becoming the first Indian company to reach that level. The oil-to-retail giant’s result signals extraordinary scale and dominance, with its earnings even surpassing the combined profits of major IT firms, underscoring its financial strength.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Reliance target jumps to Rs 1910 as Goldman and others spot hidden upside after a 13% dip

Reliance target jumps to Rs 1910 as Goldman and others spot hidden upside after a 13% dip

Reliance Industries is back in focus as multiple global brokerages lift price targets, even after the stock dipped about 13%. Goldman Sachs’ latest raise to Rs 1,910 highlights optimism around a recovery in the oil-to-chemicals business, expectations for the Jio IPO, and Reliance’s integrated downstream strengths in a market that’s tightening.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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Reliance’s Jio Studios takes on the final frontier to complete its media empire

Reliance’s Jio Studios takes on the final frontier to complete its media empire

With Jio Studios, Reliance is pushing deeper into its media ambitions, aiming to close the last gap in its empire rather than just add another content label. The move signals a shift from distribution and platforms to in-house creation and control—using Jio’s scale and reach to tighten the loop from production to audience.

Summarised by Beize from a story on The Ken on 28 Apr 2026
Reliance to build 1.5 GW AI data centre cluster in Andhra Pradesh with ₹1.6 lakh crore investment

Reliance to build 1.5 GW AI data centre cluster in Andhra Pradesh with ₹1.6 lakh crore investment

Reliance Industries plans to invest ₹1.6 lakh crore to build a 1.5 GW AI-focused data centre cluster in Visakhapatnam, Andhra Pradesh, supported by captive solar and battery storage. The phased project aims to outscale Google’s 1 GW facility in the region, with 500 MW expected to go live by October 2028 and the full 1.5 GW later by 2030.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Reliance shares slip after Q4 profit drops 13 percent but brokers still see upside

Reliance shares slip after Q4 profit drops 13 percent but brokers still see upside

Reliance Industries shares fell more than 1% after Q4 profit declined 13% year on year, even as revenue grew. Still, most brokerages stayed constructive, pointing to potential recovery in O2C, stable momentum in retail and digital, and improving margins. They also flagged near-term challenges across energy and petrochemicals that could weigh on sentiment.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
India Inc profits surge double digits in Q4 as Reliance slips and other firms take over

India Inc profits surge double digits in Q4 as Reliance slips and other firms take over

Corporate earnings for India Inc in the March 2026 quarter rose in double digits, with banking and finance companies leading the boost. While Reliance Industries reported a profit decline, gains across other sectors more than offset it. Revenue growth climbed to its strongest level in seven quarters, and IT firms also delivered sharp profit increases. More results are expected soon.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026

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Reliance shifts focus to non oil businesses as oil pressure mounts and investors watch earnings momentum

Reliance shifts focus to non oil businesses as oil pressure mounts and investors watch earnings momentum

Reliance Industries’ March quarter brought pressure on oil and gas, but digital, telecom, and retail helped cushion results. Investors are now looking closely at non-oil performance for the next phase of earnings momentum. The company’s new energy GIGA factory is expected to start operating this year, while telecom ARPU inched up and retail grew, though EBITDA gains stayed muted.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
Reliance Industries tops 10 billion annual profit first in India record FY26 jump

Reliance Industries tops 10 billion annual profit first in India record FY26 jump

Reliance Industries logged a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to cross $10 billion in annual profit. While quarterly earnings slipped due to the oil-to-chemicals segment, Jio and Reliance Retail kept growing fast, with retail pushing past 20,000 stores and strengthening the company’s consumer momentum.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
Reliance Q4 profit slips 8 percent as Middle East war hits energy margins

Reliance Q4 profit slips 8 percent as Middle East war hits energy margins

Reliance Industries’ March quarter profit fell 8.1%, with geopolitical tensions in the Middle East weighing on its oil and energy business. Despite the setback, telecom and retail deliveries helped offset pressure, with strong momentum from Jio Platforms and Reliance Retail. For FY26, the company also announced a dividend as full-year profit rose 18.5%.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
Crude shock squeezes Reliance O2C margins as war risk drives higher premiums and costs

Crude shock squeezes Reliance O2C margins as war risk drives higher premiums and costs

Reliance Industries’ Oil-to-Chemicals segment saw margin pressure in the March quarter as crude premiums jumped amid West Asia supply disruptions tied to Iran-war risks. Higher freight and insurance added to costs, offsetting otherwise strong global refining margins. O2C EBITDA fell 3.7% year-on-year, reflecting fuel-cost strain and policy interventions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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RIL Q4 Profit Drops 12.6% as Oil Chem Pressure Hits Jio Retail Offsets Earnings

RIL Q4 Profit Drops 12.6% as Oil Chem Pressure Hits Jio Retail Offsets Earnings

Reliance Industries’ March-quarter net profit fell 12.6% as pressure in its oil-to-chemicals (O2C) business weighed on earnings. Offsetting the drag, consumer-focused arms such as Jio Platforms and Reliance Retail delivered solid performance. Despite the quarterly dip, the company reported record full-year profit and revenue and declared a Rs 6 per share dividend for FY26.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Reliance Q4 profit drops 13% YoY to Rs 16971 crore as revenue climbs 13%

Reliance Q4 profit drops 13% YoY to Rs 16971 crore as revenue climbs 13%

Reliance Industries reported a 13% year-on-year fall in consolidated net profit to Rs 16,971 crore for Q4 2025-26. Revenue, however, increased 13% year-on-year, painting a mixed picture. The quarter’s numbers highlight how stronger topline growth did not fully translate into bottom-line gains, raising questions about costs and margins.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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