India's political landscape is ablaze with activity! From the ongoing debates surrounding the new farm bills and their impact on rural India, to the upcoming state elections shaping the national narrative, the stakes couldn't be higher. Key political figures are maneuvering strategically, with alliances shifting and power dynamics constantly in flux. The opposition's challenge to the ruling party is intensifying, sparking vigorous debates on crucial policy matters including economic reforms and social justice initiatives. Parliamentary proceedings are filled with heated exchanges, reflecting the deep divisions within the nation. This evolving political climate directly impacts the lives of every Indian citizen, influencing everything from economic opportunities to social welfare programs. Stay informed about the latest developments in Indian politics, from crucial legislative decisions to grassroots movements, by exploring Abtak.com for in-depth analysis and breaking news updates. Understanding the intricacies of our political system is crucial; stay engaged, stay informed, and stay ahead.
New Delhi: Reliance Industries has appointed Ira Bindra as the Group President for People, Leadership, and Talent. Bindra will lead efforts to transform human resource policies and practices across all business verticals of the conglomerate. This move is part of Reliance's plan to enhance its HR strategies to support its growing operations and innovation.
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. Also Read | PM Kisan Samman Nidhi Yojana ...Read More >
New Delhi, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading internati ...Read More >
New Delhi: India's most valuable company Reliance Industries (RIL) on Friday reported its highest-ever quarterly profit of Rs26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by a bumper showing of consumer businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs26,994 crore or Rs19.95 per share, in April-June 2025 compared to Rs15,138 crore earnings in the year-ago period, according to an exchange filing. The net profit was also 39 per cent higher quarter-on-q ...Read More >
CHENNAI: Tamil Nadu Industries Minister TRB Rajaa on Tuesday announced that Reliance Consumer Products Limited (RCPL) will set up an integrated food and FMCG manufacturing facility in Thoothukudi district, marking the conglomerate's next major investment in the state. The company will invest ₹1,156 crore to develop the 60-acre facility at the SIPCOT Allikulam Industrial Park. The plant will produce a range of products -- including packaged snacks, biscuits, spices, wheat flour and edible oils -- and is expected to create 2,000 jobs over the next five years. Rajaa said the project underscores ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Indus ...Read More >
New Delhi, Jul 13 (PTI) Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd nearly quadrupled its donations to the ruling Bharatiya Janata Party (BJP), contributing Rs 97 crore in the fiscal year ending March 2025, according to its latest annual report. Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources Plc. Also Read | Kota Srinivasa Rao Dies at 83: Andhra Pradesh CM Chandrababu Naidu Condoles Demise of Veteran Actor, Says 'He Will Forever Stay Etched in Heart ...Read More >
New Delhi, Jul 5 (PTI) Reliance Industries Ltd's investments in new energy and artificial intelligence (AI) infrastructure are set to drive a projected USD 50 billion increase in the firm's market value, according to Morgan Stanley analysts. The oil-to-telecom-and-retail conglomerate, helmed by billionaire Mukesh Ambani, is gearing up for its next phase of value creation. Also Read | Shillong Teer Results Today, July 05 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai. Currently valued at over USD 240 billion, ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Group is Rs 42,600 crore. On equity side, LIC owns 4% of Adani stocks (Rs 60,000 crore), compared with ...Read More >
New Delhi [India], July 4 (ANI): New energy, AI infrastructure and funding from existing energy verticals of Reliance Industries Ltd will be key for the Indian conglomerate's next leg of value creation, Morgan Stanley has said in a report. Besides, consumer vertical multiples of Reliance are also supportive for the value creation, multinational investment bank Morgan Stanley said in its July 3 report. Also Read | 'Chakka Jam' in Bihar on July 9: RJD Leader Tejashwi Yadav Announces Mahagathbandhan to Hold Road Blockades in State Against Electoral Rolls Revision. "We see new energy + AI infra ...Read More >
New Delhi: Mining Major Vedanta Ltd plans to utilise Rs 5,000 crore raised through its unsecured non-convertible debenture (NCD) to retire high-cost debt, that will save an estimated Rs 350 crore in interest outgo, sources said.It will also use a part of the proceeds to fund its growth capex, sources added. Mining conglomerate Vedanta Ltd had last week said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The mining major plans to deploy funds from the Rs 5,000 crore raised through its unsecured NCD issue to pay down a high-cost private credit f ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules an ...Read More >
New Delhi, India - The Indian Super League (ISL) is set to continue without disruption, following a strong commitment from the All India Football Federation (AIFF) and its stakeholders.In a statement that will bring relief to fans and participants alike, the AIFF declared its intention to ensure the smooth running of the league, prioritizing the best interests of Indian football. The AIFF, along with all involved parties, has pledged to "take all possible steps and do all things within their power to ensure continuity of the ISL." This unified stance underscores a shared dedication to ...Read More >
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by a bumper showing of consumer businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. The net profit was also 39 per cent higher ...Read More >
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid ₹10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youn ...Read More >
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. The net profit was also 39 per cent highe ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a kinetic LED-lit national flag and emblem, according to a statement. Calling the museum a symbol of mo ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, and farmer empowerment. Heritage also unveiled its "Vision 2030" strategy to become India's most admir ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with t ...Read More >
July 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), opens new tab beat estimates for quarterly profit on Friday, powered by strong growth in its energy, retail and digital services businesses. Consolidated profit soared 78.3% to 269.94 billion rupees ($3.14 billion) for the quarter ended June 30, beating analysts' average estimate of 198.59 billion rupees, according to data compiled by LSEG. Reliance's core oil-to-chemicals segment, which contributes about 57% ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July-September - the second quarter of April 2025 to March 2026 fiscal (FY26) - higher than Rs 16,563 cro ...Read More >
New Delhi, Oct 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be centered around four pillars -- Infrastructure (building gigawatt-scale, AI-ready data centers), Partn ...Read More >
New Delhi, Jul 3 (PTI) Reliance Retail Ventures Ltd (RRVL) has picked a minority stake in UK-based FACEGYM for an undisclosed sum and will launch the facial fitness and skincare brand in India, a statement said on Thursday. The company said this investment is part of its expansion in the high-growth beauty and wellness space. Also Read | RBI Bank Holiday List for July 2025: Banks To Remain Closed on These Days This Month, Check Region-Wise Bank Holidays Dates. "Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's India foray - leading its local operations and market dev ...Read More >
Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank were among the laggards. ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million barrels per day of discounted Russian crude shipped to India. The company refines the crude into p ...Read More >
Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank were among the laggards. ...Read More >
MUMBAI, July 17 (Reuters) - India's largest property developer DLF (DLF.NS), opens new tab expects to review offers from potential partners, as it works on a project to build luxury flats in a slum area of Mumbai that marks its return to the city, it said on Thursday. DLF left Mumbai more than a decade ago, when it sold off land to reduce debt and turned its focus to New Delhi and regions around the capital. It had since become one of India's largest luxury property developers, building premium and super-luxury projects. A major issue in Mumbai is a shortage of land, which the developers sa ...Read More >
Mumbai: Reliance Industries Ltd, India's most valuable company, beat estimates to post a sharp growth in revenue and profit for the April-June quarter, on the back of better earnings from telecommunications and retail even as weakness persisted in its crude-based businesses. A significant one-time gain from its divestment from Asian Paints also padded up the bottomline. Commissioning of manufacturing plants in Reliance's new energy business -- on which hinges its growth over the next decade -- is progressing rapidly, as per an investor presentation. Reliance did not disclose timelines for t ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across c ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, formerly known as Essar Oil Ltd, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, an ...Read More >
Market-leading conglomerate stock of Mukesh Ambani rose by 2 percent after the acquisition of a 21 percent stake in US-based Wavetech Helium for $12 million. This strategic investment is expected to strengthen Ambani's portfolio in the global tech and energy sectors. In Friday's trading session, Reliance Industries Limited's share price reached an intra-day high of Rs.1,299.50 per share, representing a 2.2 percent rise from its previous close of Rs.1,270.80 apiece. The share has retreated since then and currently trading at Rs.1,294.95 per share. Billionaire industrialist Mukesh Ambani's Rel ...Read More >