Mukesh Ambani-led Reliance Industries Ltd (RIL) informed the stock exchange, through a regulatory filing, that it is no longer in the race to buy a 100% stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited.
One came from the salt-to-software conglomerate Tata Group, in partnership with OpenAI, with a plan to build artificial intelligence infrastructure in India that could scale up to one gigawatt of capacity over several years.
Mukesh Ambani on Thursday announced that Reliance Industries and its digital arm Jio will invest Rs10 lakh crore over the next seven years to drive India's artificial intelligence transformation strategy, spanning sovereign compute infrastructure, green energy and AI applications.
Mukesh Ambani-led Reliance has roped in Morgan Stanley and Goldman Sachs for the IPO of Jio Platforms, even as it awaits a final government notification on revised IPO norms, before it files its draft red herring prospectus (DRHP) for the IPO, according to company officials.
After the company announced its December quarter results, its Global Depository Receipt (GDR) slipped by around 2% to $64.40 on the London Stock Exchange (LSE).
Reliance Industrial Infrastructure Limited (RIIL), which is a group company of the Mukesh Ambani owned-Reliance Industries Limited (RIL), has reported a 9.9 per cent year-on-year (YoY) increase in its consolidated net profit for the third quarter of FY26.
The Mukesh Ambani-led group, which planned to begin cell manufacturing in 2026, was in discussions with Chinese firm Xiamen Hithium Energy Storage Technology to license battery cell technology, but as a recent report had claimed that these plans were put on hold after the talks failed.
The increase in share capital of RCPL was executed through a mix of six billion equity shares of Rs 10 each and four billion preference shares of Rs 10 each, as per the filing.
JioStar is India's leading media and entertainment platform, and it reported revenues of Rs 7,232 crore in the September quarter along with a profit after tax of Rs 1,322 crore.
According to the exchange filing, the penalty order was issued by Ahmedabad's Joint Commissioner of CGST on November 25, through an email.
