Reliance Industries
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Purported blueprints of parts of the plant's facilities, supplier details exposed in leak
Nearly 19,000 files relating to the plant are online, researcher says
Plant contractor Reliance Group confirms 'partial breach', says incident reported to the government
Updates July 15 story with Nuclear Power Corporation statement in paragraph 13
By Munsif Vengattil and Aditya Kalra
BENGALURU, July 15 (Reuters) - Ransomware group World Leaks has posted on the dark web a huge cache of files related to India's largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labelled as coming from Reliance Group.
The Kudankulam Nuclear Power Plant, located in the southern state of Tamil Nadu, is the largest of India's seven nuclear plants and central to Prime Minister Narendra Modi's ambitious plans to expand the country's atomic energy capacity.
Indian businessman Anil Ambani's Reliance Group, one of the plant's contractors, told Reuters in a statement that there had been a "partial breach" of its data on a server hosted by third-party Indian data centre service provider Yotta, and that the government has been informed about the incident.
Reliance did not disclose what data had been breached.
The data breach could pose a "serious" risk to the safety of the plant, says Nickolas Roth, a senior director at the Nuclear Threat Initiative, which advises governments and benchmarks countries' preparedness on nuclear security. The breach also underscores how hacks have become more common in India, where many companies are ill-equipped to deal with such threats.
Nearly 19,000 files totalling 14.3 gigabytes that appear for the search term "KKNP" - an acronym for the nuclear plant - in the data have been online since June 11, according to independent cybersecurity researcher Rakesh Krishnan, who first alerted Reuters to the leak.
Reuters reviewed the documents, which were dated from 2016 to mid-2025, but could not verify their authenticity. In addition to some blueprints and supplier details, they purportedly show meeting and inspection records, equipment reviews and insurance policies.
The 19,000 files appeared to be the most sensitive of a total 858,000 Reliance files on the World Leaks website.
One of the conglomerate's subsidiaries, Reliance Infrastructure RLIN.NS, won a contract in 2018 to design and build infrastructure for the plant's Unit 3 and Unit 4. Both units, still under construction, are due to be operational by 2027 and are slated to provide a combined 2,000 megawatts of capacity.
World Leaks, a well-known ransomware group that has previously targeted Nike NKE.N and India's Tata Group, did not respond to Reuters queries on the Reliance data breach. The group typically posts stolen corporate data on its website after companies decline to pay the ransom demanded. Its website can only be accessed with a specialised browser.
In June, World Leaks told Reuters it had sought $1.5 million in ransom for Tata Group files that contained confidential component designs of clients Apple AAPL.O and Tesla TSLA.O, adding that it posted the data after Tata "ignored" its demand.
SUSPICIOUS ACTIVITY ON SERVER IN MAY
The Nuclear Power Corporation of India, which commissions and operates the country's nuclear power plants, has been communicating with Reliance about the breach and India's main cybersecurity agency — the Indian Computer Emergency Response Team (CERT-In) — is looking into the incident, according to a source familiar with the matter. The source declined to be identified due to the sensitivity of the issue.
The Nuclear Power Corporation said in a statement after publication of this article that the information said to be available in the public domain pertains only to common service facilities and does not relate to any nuclear safety or nuclear security-related systems.
CERT-In and Modi's office did not respond to Reuters queries. India's Department of Atomic Energy declined to comment.
Yotta said in a statement it had noted suspicious activity on May 29 on a server it hosts that belongs to Reliance Infrastructure. It said the activity was immediately terminated and that the suspected ransomware execution was prevented, but Reliance Infrastructure informed it at the end of June that there had been claims of a data breach made by "external threat actors."
Yotta said it has not been able to verify the claims of the "threat actor", but added that it has shared its detailed technical investigation with Reliance Infrastructure and supports an ongoing investigation.
BLUEPRINTS AND INSURANCE POLICIES
The documents posted on World Leaks do not appear to relate to the nuclear reactors' core systems, which are supplied by Russia's state-owned Rosatom.
They did contain purported blueprints for the ventilation and cooling systems used in Unit 3 and Unit 4, as well as what appeared to be the complete floor layout of a "common control room".
The files also included what appeared to be vendor proposals, a list of approved suppliers, and a record of a 2024 meeting about a joint inspection by the Nuclear Power Corporation and Reliance, with photos of equipment.
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism.
The files, in the hands of bad actors, could in theory be exploited to map the plant's support systems, identify its suppliers and pinpoint weaknesses in its security chain, according to researchers.
They could "show an adversary not just who has access to the project but which systems that access reaches," said Nuclear Threat Initiative's Roth.
India ranks third among a list of countries suffering the most data breaches, with 28.9 million accounts compromised last year, lagging only the United States and France, according to cybersecurity company Surfshark.
A report last year by the Data Security Council of India and cybersecurity firm Seqrite said that of 204 organisations surveyed across India, some 73% were "unaware if they have ever been attacked" while 57% lack cyber hygiene practices.
It is also the second time that the Kudankulam plant has been linked to a cyber incident, with malware tied to a North Korean hacker group found on the plant's administrative network in 2019. At the time, the Nuclear Power Corporation said the matter was investigated immediately and plant systems were not affected.
(Reporting by Munsif Vengattil in Bengaluru and Aditya Kalra in New Delhi; Editing by Edwina Gibbs)
(([email protected];))
Purported blueprints of parts of the plant's facilities, supplier details exposed in leak
Nearly 19,000 files relating to the plant are online, researcher says
Plant contractor Reliance Group confirms 'partial breach', says incident reported to the government
Updates July 15 story with Nuclear Power Corporation statement in paragraph 13
By Munsif Vengattil and Aditya Kalra
BENGALURU, July 15 (Reuters) - Ransomware group World Leaks has posted on the dark web a huge cache of files related to India's largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labelled as coming from Reliance Group.
The Kudankulam Nuclear Power Plant, located in the southern state of Tamil Nadu, is the largest of India's seven nuclear plants and central to Prime Minister Narendra Modi's ambitious plans to expand the country's atomic energy capacity.
Indian businessman Anil Ambani's Reliance Group, one of the plant's contractors, told Reuters in a statement that there had been a "partial breach" of its data on a server hosted by third-party Indian data centre service provider Yotta, and that the government has been informed about the incident.
Reliance did not disclose what data had been breached.
The data breach could pose a "serious" risk to the safety of the plant, says Nickolas Roth, a senior director at the Nuclear Threat Initiative, which advises governments and benchmarks countries' preparedness on nuclear security. The breach also underscores how hacks have become more common in India, where many companies are ill-equipped to deal with such threats.
Nearly 19,000 files totalling 14.3 gigabytes that appear for the search term "KKNP" - an acronym for the nuclear plant - in the data have been online since June 11, according to independent cybersecurity researcher Rakesh Krishnan, who first alerted Reuters to the leak.
Reuters reviewed the documents, which were dated from 2016 to mid-2025, but could not verify their authenticity. In addition to some blueprints and supplier details, they purportedly show meeting and inspection records, equipment reviews and insurance policies.
The 19,000 files appeared to be the most sensitive of a total 858,000 Reliance files on the World Leaks website.
One of the conglomerate's subsidiaries, Reliance Infrastructure RLIN.NS, won a contract in 2018 to design and build infrastructure for the plant's Unit 3 and Unit 4. Both units, still under construction, are due to be operational by 2027 and are slated to provide a combined 2,000 megawatts of capacity.
World Leaks, a well-known ransomware group that has previously targeted Nike NKE.N and India's Tata Group, did not respond to Reuters queries on the Reliance data breach. The group typically posts stolen corporate data on its website after companies decline to pay the ransom demanded. Its website can only be accessed with a specialised browser.
In June, World Leaks told Reuters it had sought $1.5 million in ransom for Tata Group files that contained confidential component designs of clients Apple AAPL.O and Tesla TSLA.O, adding that it posted the data after Tata "ignored" its demand.
SUSPICIOUS ACTIVITY ON SERVER IN MAY
The Nuclear Power Corporation of India, which commissions and operates the country's nuclear power plants, has been communicating with Reliance about the breach and India's main cybersecurity agency — the Indian Computer Emergency Response Team (CERT-In) — is looking into the incident, according to a source familiar with the matter. The source declined to be identified due to the sensitivity of the issue.
The Nuclear Power Corporation said in a statement after publication of this article that the information said to be available in the public domain pertains only to common service facilities and does not relate to any nuclear safety or nuclear security-related systems.
CERT-In and Modi's office did not respond to Reuters queries. India's Department of Atomic Energy declined to comment.
Yotta said in a statement it had noted suspicious activity on May 29 on a server it hosts that belongs to Reliance Infrastructure. It said the activity was immediately terminated and that the suspected ransomware execution was prevented, but Reliance Infrastructure informed it at the end of June that there had been claims of a data breach made by "external threat actors."
Yotta said it has not been able to verify the claims of the "threat actor", but added that it has shared its detailed technical investigation with Reliance Infrastructure and supports an ongoing investigation.
BLUEPRINTS AND INSURANCE POLICIES
The documents posted on World Leaks do not appear to relate to the nuclear reactors' core systems, which are supplied by Russia's state-owned Rosatom.
They did contain purported blueprints for the ventilation and cooling systems used in Unit 3 and Unit 4, as well as what appeared to be the complete floor layout of a "common control room".
The files also included what appeared to be vendor proposals, a list of approved suppliers, and a record of a 2024 meeting about a joint inspection by the Nuclear Power Corporation and Reliance, with photos of equipment.
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism.
The files, in the hands of bad actors, could in theory be exploited to map the plant's support systems, identify its suppliers and pinpoint weaknesses in its security chain, according to researchers.
They could "show an adversary not just who has access to the project but which systems that access reaches," said Nuclear Threat Initiative's Roth.
India ranks third among a list of countries suffering the most data breaches, with 28.9 million accounts compromised last year, lagging only the United States and France, according to cybersecurity company Surfshark.
A report last year by the Data Security Council of India and cybersecurity firm Seqrite said that of 204 organisations surveyed across India, some 73% were "unaware if they have ever been attacked" while 57% lack cyber hygiene practices.
It is also the second time that the Kudankulam plant has been linked to a cyber incident, with malware tied to a North Korean hacker group found on the plant's administrative network in 2019. At the time, the Nuclear Power Corporation said the matter was investigated immediately and plant systems were not affected.
(Reporting by Munsif Vengattil in Bengaluru and Aditya Kalra in New Delhi; Editing by Edwina Gibbs)
(([email protected];))
Purported blueprints of parts of the plant's facilities, supplier details exposed in leak
Nearly 19,000 files relating to the plant are online, researcher says
Plant contractor Reliance Group confirms 'partial breach', says incident reported to the government
By Munsif Vengattil and Aditya Kalra
BENGALURU, July 15 (Reuters) - Ransomware group World Leaks has posted on the dark web a huge cache of files related to India's largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labelled as coming from Reliance Group.
The Kudankulam Nuclear Power Plant, located in the southern state of Tamil Nadu, is the largest of India's seven nuclear plants and central to Prime Minister Narendra Modi's ambitious plans to expand the country's atomic energy capacity.
Indian businessman Anil Ambani's Reliance Group, one of the plant's contractors, told Reuters in a statement that there had been a "partial breach" of its data on a server hosted by third-party Indian data centre service provider Yotta, and that the government has been informed about the incident.
Reliance did not disclose what data had been breached.
The data breach could pose a "serious" risk to the safety of the plant, says Nickolas Roth, a senior director at the Nuclear Threat Initiative, which advises governments and benchmarks countries' preparedness on nuclear security. The breach also underscores how hacks have become more common in India, where many companies are ill-equipped to deal with such threats.
Reuters reviewed the documents, which were dated from 2016 to mid-2025, but could not verify their authenticity. In addition to some blueprints and supplier details, they purportedly show meeting and inspection records, equipment reviews and insurance policies.
The 19,000 files appeared to be the most sensitive of a total 858,000 Reliance files on the World Leaks website.
One of the conglomerate's subsidiaries, Reliance Infrastructure RLIN.NS, won a contract in 2018 to design and build infrastructure for the plant's Unit 3 and Unit 4. Both units, still under construction, are due to be operational by 2027 and are slated to provide a combined 2,000 megawatts of capacity.
World Leaks, a well-known ransomware group that has previously targeted Nike NKE.N and India's Tata Group, did not respond to Reuters queries on the Reliance data breach. The group typically posts stolen corporate data on its website after companies decline to pay the ransom demanded. Its website can only be accessed with a specialised browser.
In June, World Leaks told Reuters it had sought $1.5 million in ransom for Tata Group files that contained confidential component designs of clients Apple AAPL.O and Tesla TSLA.O, adding that it posted the data after Tata "ignored" its demand.
SUSPICIOUS ACTIVITY ON SERVER IN MAY
The Nuclear Power Corporation of India, which commissions and operates the country's nuclear power plants, has been communicating with Reliance about the breach and India's main cybersecurity agency — the Indian Computer Emergency Response Team (CERT-In) — is looking into the incident, according to a source familiar with the matter. The source declined to be identified due to the sensitivity of the issue.
Nuclear Power Corporation Chairman Rajesh Veeraraghavan, CERT-In and the government's main press office did not respond to repeated requests for comment.
Yotta said in a statement it had noted suspicious activity on May 29 on a server it hosts that belongs to Reliance Infrastructure. It said the activity was immediately terminated and that the suspected ransomware execution was prevented, but Reliance Infrastructure informed it at the end of June that there had been claims of a data breach made by "external threat actors."
Yotta said it has not been able to verify the claims of the "threat actor", but added that it has shared its detailed technical investigation with Reliance Infrastructure and supports an ongoing investigation.
India's Department of Atomic Energy declined to comment, while Modi's office did not respond to Reuters queries.
BLUEPRINTS AND INSURANCE POLICIES
The documents posted on World Leaks do not appear to relate to the nuclear reactors' core systems, which are supplied by Russia's state-owned Rosatom.
They did contain purported blueprints for the ventilation and cooling systems used in Unit 3 and Unit 4, as well as what appeared to be the complete floor layout of a "common control room".
The files also included what appeared to be vendor proposals, a list of approved suppliers, and a record of a 2024 meeting about a joint inspection by the Nuclear Power Corporation and Reliance, with photos of equipment.
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism.
The files, in the hands of bad actors, could in theory be exploited to map the plant's support systems, identify its suppliers and pinpoint weaknesses in its security chain, according to researchers.
They could "show an adversary not just who has access to the project but which systems that access reaches," said Nuclear Threat Initiative's Roth.
India ranks third among a list of countries suffering the most data breaches, with 28.9 million accounts compromised last year, lagging only the United States and France, according to cybersecurity company Surfshark.
A report last year by the Data Security Council of India and cybersecurity firm Seqrite said that of 204 organisations surveyed across India, some 73% were "unaware if they have ever been attacked" while 57% lack cyber hygiene practices.
It is also the second time that the Kudankulam plant has been linked to a cyber incident, with malware tied to a North Korean hacker group found on the plant's administrative network in 2019. At the time, the Nuclear Power Corporation said the matter was investigated immediately and plant systems were not affected.
(Reporting by Munsif Vengattil in Bengaluru and Aditya Kalra in New Delhi; Editing by Edwina Gibbs)
(([email protected];))
Purported blueprints of parts of the plant's facilities, supplier details exposed in leak
Nearly 19,000 files relating to the plant are online, researcher says
Plant contractor Reliance Group confirms 'partial breach', says incident reported to the government
By Munsif Vengattil and Aditya Kalra
BENGALURU, July 15 (Reuters) - Ransomware group World Leaks has posted on the dark web a huge cache of files related to India's largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labelled as coming from Reliance Group.
The Kudankulam Nuclear Power Plant, located in the southern state of Tamil Nadu, is the largest of India's seven nuclear plants and central to Prime Minister Narendra Modi's ambitious plans to expand the country's atomic energy capacity.
Indian businessman Anil Ambani's Reliance Group, one of the plant's contractors, told Reuters in a statement that there had been a "partial breach" of its data on a server hosted by third-party Indian data centre service provider Yotta, and that the government has been informed about the incident.
Reliance did not disclose what data had been breached.
The data breach could pose a "serious" risk to the safety of the plant, says Nickolas Roth, a senior director at the Nuclear Threat Initiative, which advises governments and benchmarks countries' preparedness on nuclear security. The breach also underscores how hacks have become more common in India, where many companies are ill-equipped to deal with such threats.
Reuters reviewed the documents, which were dated from 2016 to mid-2025, but could not verify their authenticity. In addition to some blueprints and supplier details, they purportedly show meeting and inspection records, equipment reviews and insurance policies.
The 19,000 files appeared to be the most sensitive of a total 858,000 Reliance files on the World Leaks website.
One of the conglomerate's subsidiaries, Reliance Infrastructure RLIN.NS, won a contract in 2018 to design and build infrastructure for the plant's Unit 3 and Unit 4. Both units, still under construction, are due to be operational by 2027 and are slated to provide a combined 2,000 megawatts of capacity.
World Leaks, a well-known ransomware group that has previously targeted Nike NKE.N and India's Tata Group, did not respond to Reuters queries on the Reliance data breach. The group typically posts stolen corporate data on its website after companies decline to pay the ransom demanded. Its website can only be accessed with a specialised browser.
In June, World Leaks told Reuters it had sought $1.5 million in ransom for Tata Group files that contained confidential component designs of clients Apple AAPL.O and Tesla TSLA.O, adding that it posted the data after Tata "ignored" its demand.
SUSPICIOUS ACTIVITY ON SERVER IN MAY
The Nuclear Power Corporation of India, which commissions and operates the country's nuclear power plants, has been communicating with Reliance about the breach and India's main cybersecurity agency — the Indian Computer Emergency Response Team (CERT-In) — is looking into the incident, according to a source familiar with the matter. The source declined to be identified due to the sensitivity of the issue.
Nuclear Power Corporation Chairman Rajesh Veeraraghavan, CERT-In and the government's main press office did not respond to repeated requests for comment.
Yotta said in a statement it had noted suspicious activity on May 29 on a server it hosts that belongs to Reliance Infrastructure. It said the activity was immediately terminated and that the suspected ransomware execution was prevented, but Reliance Infrastructure informed it at the end of June that there had been claims of a data breach made by "external threat actors."
Yotta said it has not been able to verify the claims of the "threat actor", but added that it has shared its detailed technical investigation with Reliance Infrastructure and supports an ongoing investigation.
India's Department of Atomic Energy declined to comment, while Modi's office did not respond to Reuters queries.
BLUEPRINTS AND INSURANCE POLICIES
The documents posted on World Leaks do not appear to relate to the nuclear reactors' core systems, which are supplied by Russia's state-owned Rosatom.
They did contain purported blueprints for the ventilation and cooling systems used in Unit 3 and Unit 4, as well as what appeared to be the complete floor layout of a "common control room".
The files also included what appeared to be vendor proposals, a list of approved suppliers, and a record of a 2024 meeting about a joint inspection by the Nuclear Power Corporation and Reliance, with photos of equipment.
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism.
The files, in the hands of bad actors, could in theory be exploited to map the plant's support systems, identify its suppliers and pinpoint weaknesses in its security chain, according to researchers.
They could "show an adversary not just who has access to the project but which systems that access reaches," said Nuclear Threat Initiative's Roth.
India ranks third among a list of countries suffering the most data breaches, with 28.9 million accounts compromised last year, lagging only the United States and France, according to cybersecurity company Surfshark.
A report last year by the Data Security Council of India and cybersecurity firm Seqrite said that of 204 organisations surveyed across India, some 73% were "unaware if they have ever been attacked" while 57% lack cyber hygiene practices.
It is also the second time that the Kudankulam plant has been linked to a cyber incident, with malware tied to a North Korean hacker group found on the plant's administrative network in 2019. At the time, the Nuclear Power Corporation said the matter was investigated immediately and plant systems were not affected.
(Reporting by Munsif Vengattil in Bengaluru and Aditya Kalra in New Delhi; Editing by Edwina Gibbs)
(([email protected];))
July 8 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - UNIT REC US HOLDINGS HAS BEEN DISSOLVED
Source text: ID:nnAZN4T6NZV
Further company coverage: RELI.NS
(([email protected];))
July 8 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - UNIT REC US HOLDINGS HAS BEEN DISSOLVED
Source text: ID:nnAZN4T6NZV
Further company coverage: RELI.NS
(([email protected];))
July 7 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE’S STRAND LIFE SCIENCES SECURES INDIAN PATENT FOR CANCER DETECTION TECHNOLOGY - STATEMENT
Further company coverage: RELI.NS
(([email protected];))
July 7 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE’S STRAND LIFE SCIENCES SECURES INDIAN PATENT FOR CANCER DETECTION TECHNOLOGY - STATEMENT
Further company coverage: RELI.NS
(([email protected];))
- SEBI issued an administrative warning to Reliance’s company secretary for lapses under insider-trading rules tied to July 2024 share dealings.
- SEBI flagged trades by two employees and one employee’s immediate relative while in possession of unpublished price-sensitive information.
- The warning cited failures to monitor trades and administer the code of conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The action is cautionary and does not impose financial or operational restrictions.
- Reliance plans steps to address SEBI’s compliance concerns.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GTS685HNOEV18YUQ) on July 06, 2026, and is solely responsible for the information contained therein.
- SEBI issued an administrative warning to Reliance’s company secretary for lapses under insider-trading rules tied to July 2024 share dealings.
- SEBI flagged trades by two employees and one employee’s immediate relative while in possession of unpublished price-sensitive information.
- The warning cited failures to monitor trades and administer the code of conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The action is cautionary and does not impose financial or operational restrictions.
- Reliance plans steps to address SEBI’s compliance concerns.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GTS685HNOEV18YUQ) on July 06, 2026, and is solely responsible for the information contained therein.
MUMBAI, July 3 (Reuters) - India's Jio Credit plans to raise up to 10 billion rupees ($105.03 million), including a greenshoe option of 5 billion rupees, through a sale of bonds maturing in three years, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 3 years | TO be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 3 (Reuters) - India's Jio Credit plans to raise up to 10 billion rupees ($105.03 million), including a greenshoe option of 5 billion rupees, through a sale of bonds maturing in three years, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 3 years | TO be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
July 2 (Reuters) - Danish brewer Carlsberg CARLb.CO has confidentially filed draft papers for an initial public offering of its Indian unit that could raise as much as $700 million, Bloomberg News reported on Thursday, citing people familiar with the matter.
The listing is expected to involve a secondary share sale and could take place later this year, the report said.
Reuters could not immediately verify the report and Carlsberg did not respond to a request for comment.
Details of the IPO, including the size, structure and timing of the transaction, could still change, Bloomberg said.
The potential listing will add to an already busy year for India's IPO market, where heavyweight offerings from Jio Platforms and the National Stock Exchange of India NSEI.NS could test investor appetite.
Jio's planned $3.8 billion offering could become India's biggest-ever listing, while NSE's long-awaited debut is also expected to rank among the largest.
(Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)
July 2 (Reuters) - Danish brewer Carlsberg CARLb.CO has confidentially filed draft papers for an initial public offering of its Indian unit that could raise as much as $700 million, Bloomberg News reported on Thursday, citing people familiar with the matter.
The listing is expected to involve a secondary share sale and could take place later this year, the report said.
Reuters could not immediately verify the report and Carlsberg did not respond to a request for comment.
Details of the IPO, including the size, structure and timing of the transaction, could still change, Bloomberg said.
The potential listing will add to an already busy year for India's IPO market, where heavyweight offerings from Jio Platforms and the National Stock Exchange of India NSEI.NS could test investor appetite.
Jio's planned $3.8 billion offering could become India's biggest-ever listing, while NSE's long-awaited debut is also expected to rank among the largest.
(Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)
July 1 (Reuters) - NIKKEI:
JAPAN TO OFFER TRADE INSURANCE ON LOAN FOR RELIANCE'S INDIA SOLAR, BATTERY EFFORT - NIKKEI
JAPAN TO PROVIDE TRADE INSURANCE ON 100 BILLION YEN SYNDICATED LOAN TO RELIANCE INDUSTRIES - NIKKEI
NIPPON EXPORT AND INVESTMENT INSURANCE & RELIANCE WILL SIGN MEMORANDUM OF UNDERSTANDING ON JULY 2 - NIKKEI
TOTAL OF 7 BANKS LED BY JAPAN'S MUFG BANK WILL JOIN FORCES TO PROVIDE FINANCING IN YEN AND DOLLARS TO RELIANCE INDUSTRIES - NIKKEI
Further company coverage: RELI.NS
(([email protected];))
July 1 (Reuters) - NIKKEI:
JAPAN TO OFFER TRADE INSURANCE ON LOAN FOR RELIANCE'S INDIA SOLAR, BATTERY EFFORT - NIKKEI
JAPAN TO PROVIDE TRADE INSURANCE ON 100 BILLION YEN SYNDICATED LOAN TO RELIANCE INDUSTRIES - NIKKEI
NIPPON EXPORT AND INVESTMENT INSURANCE & RELIANCE WILL SIGN MEMORANDUM OF UNDERSTANDING ON JULY 2 - NIKKEI
TOTAL OF 7 BANKS LED BY JAPAN'S MUFG BANK WILL JOIN FORCES TO PROVIDE FINANCING IN YEN AND DOLLARS TO RELIANCE INDUSTRIES - NIKKEI
Further company coverage: RELI.NS
(([email protected];))
June 25 (Reuters) - Reliance Industries Ltd RELI.NS:
INDIA MARKETS REGULATOR SEEKS CLARIFICATION FROM JIO PLATFORMS ON ITS IPO FILING- SEBI DOCUMENT
Further company coverage: RELI.NS
(([email protected];))
June 25 (Reuters) - Reliance Industries Ltd RELI.NS:
INDIA MARKETS REGULATOR SEEKS CLARIFICATION FROM JIO PLATFORMS ON ITS IPO FILING- SEBI DOCUMENT
Further company coverage: RELI.NS
(([email protected];))
- Reliance Industries’ step-down unit Karkinos Healthcare completed HPV DNA screening for more than 100,000 women across India.
- Karkinos said its digital care pathway aims to reduce drop-offs after positive screens by linking testing to follow-up diagnosis and treatment.
- The program uses WHO-recommended HPV DNA testing as the primary screening method for cervical cancer prevention.
- Karkinos targets 1 million tests next as it scales screening beyond major cities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: FYLLY2TZ472S7TWG) on June 24, 2026, and is solely responsible for the information contained therein.
- Reliance Industries’ step-down unit Karkinos Healthcare completed HPV DNA screening for more than 100,000 women across India.
- Karkinos said its digital care pathway aims to reduce drop-offs after positive screens by linking testing to follow-up diagnosis and treatment.
- The program uses WHO-recommended HPV DNA testing as the primary screening method for cervical cancer prevention.
- Karkinos targets 1 million tests next as it scales screening beyond major cities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: FYLLY2TZ472S7TWG) on June 24, 2026, and is solely responsible for the information contained therein.
June 22 (Reuters) - ** Reliance Industries RELI.NS highlights AI, Jio IPO and new energy as its key growth drivers at shareholders meeting last week
** Stock up 0.7% at 1,319.70 rupees
AI, JIO IPO, NEW ENERGY BETS DRIVE OUTLOOK
** CLSA ("outperform," PT: 1,800 rupees) says AI is central to strategy, with 120 MW compute capacity due by end-2026 and a target to double EBITDA over five years
** Nomura ("buy," PT: 1,640 rupees) highlights Jio IPO filing as a key catalyst, valuing the telecom unit at $117–127 bln, while calling AI and new energy early stage but promising
** Jefferies ("buy," PT: 1,675 rupees) says Reliance is building India's "sovereign AI backbone" and expects new energy to start contributing from FY27
** Emkay Global ("buy," PT: 1,680 rupees) flags Jio IPO progress and scaling AI infrastructure, with meaningful earnings contribution from new energy expected from FY27
(Reporting by Kashish Tandon in Bengaluru)
(([email protected]; 8800437922))
June 22 (Reuters) - ** Reliance Industries RELI.NS highlights AI, Jio IPO and new energy as its key growth drivers at shareholders meeting last week
** Stock up 0.7% at 1,319.70 rupees
AI, JIO IPO, NEW ENERGY BETS DRIVE OUTLOOK
** CLSA ("outperform," PT: 1,800 rupees) says AI is central to strategy, with 120 MW compute capacity due by end-2026 and a target to double EBITDA over five years
** Nomura ("buy," PT: 1,640 rupees) highlights Jio IPO filing as a key catalyst, valuing the telecom unit at $117–127 bln, while calling AI and new energy early stage but promising
** Jefferies ("buy," PT: 1,675 rupees) says Reliance is building India's "sovereign AI backbone" and expects new energy to start contributing from FY27
** Emkay Global ("buy," PT: 1,680 rupees) flags Jio IPO progress and scaling AI infrastructure, with meaningful earnings contribution from new energy expected from FY27
(Reporting by Kashish Tandon in Bengaluru)
(([email protected]; 8800437922))
Reliance Industries announced that the board of its material subsidiary Jio Platforms has approved the Draft Red Herring Prospectus for an initial public offering. The IPO will involve a fresh issue of up to 27 crore equity shares with a face value of ₹10 each, with the issue price to be determined through book building. The filing paves the way for Jio Platforms to list on Indian stock exchanges, subject to regulatory approvals. Jio Platforms, which houses Reliance's digital services business including Jio telecom and JioMart, is one of the largest digital ecosystems in India. The IPO proceeds will flow to Jio Platforms, and the listing is expected to provide a public valuation benchmark for the subsidiary.
Powered by Tijori
Reliance Industries announced that the board of its material subsidiary Jio Platforms has approved the Draft Red Herring Prospectus for an initial public offering. The IPO will involve a fresh issue of up to 27 crore equity shares with a face value of ₹10 each, with the issue price to be determined through book building. The filing paves the way for Jio Platforms to list on Indian stock exchanges, subject to regulatory approvals. Jio Platforms, which houses Reliance's digital services business including Jio telecom and JioMart, is one of the largest digital ecosystems in India. The IPO proceeds will flow to Jio Platforms, and the listing is expected to provide a public valuation benchmark for the subsidiary.
Powered by Tijori
June 19 (Reuters) -
RELIANCE JIO CHAIR: JIO EVALUATING THE DEVELOPMENT OF A SOVEREIGN LOW EARTH ORBIT SATELLITE CONSTELLATION FOR INDIA -AGM
Further company coverage: RELI.NS
(([email protected];;))
June 19 (Reuters) -
RELIANCE JIO CHAIR: JIO EVALUATING THE DEVELOPMENT OF A SOVEREIGN LOW EARTH ORBIT SATELLITE CONSTELLATION FOR INDIA -AGM
Further company coverage: RELI.NS
(([email protected];;))
Updates to add IPO filing by NSE
MUMBAI, June 18 (Reuters) - The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio.
NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6% of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised.
Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever.
Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
Here are the five largest Indian IPOs of all time before NSE and Jio Platforms:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.95 billion) in October 2024 in India's largest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion Indian rupees from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion Indian rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India.
The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion Indian rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)
(([email protected];))
Updates to add IPO filing by NSE
MUMBAI, June 18 (Reuters) - The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio.
NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6% of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised.
Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever.
Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
Here are the five largest Indian IPOs of all time before NSE and Jio Platforms:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.95 billion) in October 2024 in India's largest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion Indian rupees from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion Indian rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India.
The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion Indian rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)
(([email protected];))
MUMBAI, June 16 (Reuters) - India's Jio Credit has accepted bids worth 15 billion rupees ($158.40 million) in a sale of bonds maturing in five years, three bankers said on Tuesday.
It will pay a coupon of 8.15% and had invited commitment bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 5 years | 8.15 | 15 | June 15 | AAA (Crisil, Care) |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 16 (Reuters) - India's Jio Credit has accepted bids worth 15 billion rupees ($158.40 million) in a sale of bonds maturing in five years, three bankers said on Tuesday.
It will pay a coupon of 8.15% and had invited commitment bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 5 years | 8.15 | 15 | June 15 | AAA (Crisil, Care) |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
- Reliance unit Jio Platforms entered the global top 20 in WIPO’s 2025 Patent Cooperation Treaty applicant rankings.
- Jio jumped 320 places to No. 20, becoming the only Indian technology innovator in the top 20.
- Patent filings totaled 6,817 as of March 31, 2026; 1,009 patents have been granted globally.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: TGMFLQZQUDX3WP59) on June 15, 2026, and is solely responsible for the information contained therein.
- Reliance unit Jio Platforms entered the global top 20 in WIPO’s 2025 Patent Cooperation Treaty applicant rankings.
- Jio jumped 320 places to No. 20, becoming the only Indian technology innovator in the top 20.
- Patent filings totaled 6,817 as of March 31, 2026; 1,009 patents have been granted globally.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: TGMFLQZQUDX3WP59) on June 15, 2026, and is solely responsible for the information contained therein.
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, June 11 (Reuters Breakingviews) - India is following China's lead in cracking down on cross-border money transfers. But it presents watchdogs with a dilemma. Officials in the South Asian country are investigating transfers offshore that may have been disguised as overseas investment. Any errant banks ought to face punishment. Yet the more severe the crackdown, the greater the risk of sparking an increase in capital being taken out of the $4 trillion economy – which New Delhi is trying to prevent.
The central bank and the capital markets regulator issued at least 10 queries to overseas investments by firms and family offices during the three weeks to June 3, Reuters reported, citing unnamed sources. Officials suspect some may have structured themselves as companies to send money abroad under the overseas direct investment framework, circumventing a $250,000 annual limit on transfers by individuals.
It's one among many measures officials are taking to improve a balance of payments deficit that quintupled to $24 billion last financial year. Prime Minister Narendra Modi previously urged Indians to halt pleasure trips abroad and gold purchases for a year. The Reserve Bank of India held forex reserves worth $682 billion as of May 29, slightly above a one-year low.
Investigations are at an early stage. If any banks are found to have taken part, there ought to be three main consequences.
First, regulators can force out executives, from those running the unit concerned all the way up to the CEO and chair. Or they can limit a bank’s ability to conduct business. Finally, they can impose financial penalties on offenders. China’s capital markets overseer, for example, recently slapped stockbroker Futu with a fine equivalent to one-fifth of its 2025 net income.
Concerns about the country’s capital account, though, may force Indian authorities to be more circumspect. That’s because business curbs and fines, especially, will impact banks’ earnings. That could spark downgrades and heighten the perception of banks as risky, prompting a selloff in a sector that accounts for 35% of India's benchmark Nifty 50 .NSEI index and has been a relatively bright spot in Indian equities of late. Nifty Bank .NSEBANK, a gauge of lenders' shares, has fallen 7.5% so far this year, less than other heavyweights like Reliance Industries RELI.NS, which is down 20% and the corresponding IT index .NIFTYIT, trading 25% lower.
A crackdown could persuade overseas investors to take even more money out of the country, on top of the record of almost $17 billion they pulled from Indian assets last financial year.
For an economy battling cost pressures from the war in the Middle East and perceptions of being an AI laggard, it's a risk that's best avoided.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
India’s central bank and markets regulator have tightened checks on overseas investments by companies and family offices, issuing at least 10 queries in the past three weeks to determine any potential misuse of the investment route, Reuters reported on June 3, citing three unnamed sources with knowledge of the matter.
The Reserve Bank of India sent the queries to ascertain whether funds were routed overseas without a clear business purpose or tangible asset backing, the report added.
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, June 11 (Reuters Breakingviews) - India is following China's lead in cracking down on cross-border money transfers. But it presents watchdogs with a dilemma. Officials in the South Asian country are investigating transfers offshore that may have been disguised as overseas investment. Any errant banks ought to face punishment. Yet the more severe the crackdown, the greater the risk of sparking an increase in capital being taken out of the $4 trillion economy – which New Delhi is trying to prevent.
The central bank and the capital markets regulator issued at least 10 queries to overseas investments by firms and family offices during the three weeks to June 3, Reuters reported, citing unnamed sources. Officials suspect some may have structured themselves as companies to send money abroad under the overseas direct investment framework, circumventing a $250,000 annual limit on transfers by individuals.
It's one among many measures officials are taking to improve a balance of payments deficit that quintupled to $24 billion last financial year. Prime Minister Narendra Modi previously urged Indians to halt pleasure trips abroad and gold purchases for a year. The Reserve Bank of India held forex reserves worth $682 billion as of May 29, slightly above a one-year low.
Investigations are at an early stage. If any banks are found to have taken part, there ought to be three main consequences.
First, regulators can force out executives, from those running the unit concerned all the way up to the CEO and chair. Or they can limit a bank’s ability to conduct business. Finally, they can impose financial penalties on offenders. China’s capital markets overseer, for example, recently slapped stockbroker Futu with a fine equivalent to one-fifth of its 2025 net income.
Concerns about the country’s capital account, though, may force Indian authorities to be more circumspect. That’s because business curbs and fines, especially, will impact banks’ earnings. That could spark downgrades and heighten the perception of banks as risky, prompting a selloff in a sector that accounts for 35% of India's benchmark Nifty 50 .NSEI index and has been a relatively bright spot in Indian equities of late. Nifty Bank .NSEBANK, a gauge of lenders' shares, has fallen 7.5% so far this year, less than other heavyweights like Reliance Industries RELI.NS, which is down 20% and the corresponding IT index .NIFTYIT, trading 25% lower.
A crackdown could persuade overseas investors to take even more money out of the country, on top of the record of almost $17 billion they pulled from Indian assets last financial year.
For an economy battling cost pressures from the war in the Middle East and perceptions of being an AI laggard, it's a risk that's best avoided.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
India’s central bank and markets regulator have tightened checks on overseas investments by companies and family offices, issuing at least 10 queries in the past three weeks to determine any potential misuse of the investment route, Reuters reported on June 3, citing three unnamed sources with knowledge of the matter.
The Reserve Bank of India sent the queries to ascertain whether funds were routed overseas without a clear business purpose or tangible asset backing, the report added.
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
- Unternehmertum Venture Capital Partners exited VEACT via a sale to Australia’s Infomedia, triggering significant distributions to Fund I investors.
- The transaction provides liquidity in a difficult market, marking another profitable return from the firm’s first fund.
- VEACT operates automotive data management and CRM tools across more than 1,000 dealership sites in EMEA.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unternehmertum Venture Capital Partners GmbH published the original content used to generate this news brief on June 10, 2026, and is solely responsible for the information contained therein.
- Unternehmertum Venture Capital Partners exited VEACT via a sale to Australia’s Infomedia, triggering significant distributions to Fund I investors.
- The transaction provides liquidity in a difficult market, marking another profitable return from the firm’s first fund.
- VEACT operates automotive data management and CRM tools across more than 1,000 dealership sites in EMEA.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unternehmertum Venture Capital Partners GmbH published the original content used to generate this news brief on June 10, 2026, and is solely responsible for the information contained therein.
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Shritama Bose
MUMBAI, June 4 (Reuters Breakingviews) - Finding a good job in India is going to get a lot harder. Headcount growth at its biggest private company, $190 billion Reliance Industries RELI.NS, is slowing sharply as an investment binge fades. But a chronic skills shortage also gives businesses a strong incentive to rapidly adopt artificial intelligence. That will turn today's hiring squeeze into a deeper, structural slump.
The energy-to-retail giant's over 419,000 headcount as of March 2026 represents 4% year-on-year growth, just one quarter of its expansion rate the previous year. Its disclosures have turned hazier too: last year Reliance discontinued a table in its annual report offering a detailed breakdown of employees across business divisions.
The hiring slowdown is partly explained by the end of a phase of higher recruitment for its fledgling renewable energy business. But the growth remains well below India's 7%-plus GDP growth—and the squeeze could soon become entrenched: Reliance says it is "building talent fluent in leveraging AI to enhance decision-making, productivity and purpose-driven work", implying that the impact of AI on hiring will become clearer next year.
The problem is pronounced at IT outsourcers like $85 billion Tata Consultancy Services TCS.NS, the country's second-largest company by market capitalisation, and Infosys INFY.NS, where the number of employees is now up to 5% below their respective March 2023 peaks, thanks to a slowdown in revenue growth and rise of new coding tools.
Indeed, future job growth is a bigger worry than headline-grabbing layoffs, as the government's Chief Economic Advisor V. Anantha Nageswaran warned in February. His call on the private sector to hire more and balance capital-intensive growth with labor-intensive growth has gone unanswered by industry titans. Urban youth unemployment is as high as 13.6% and it's common for college graduates to queue up for janitorial roles in the public sector.
The danger is employers – who have long complained that India's 600 million-strong workforce does not have the modern skills required for the service-oriented economy – will turn to AI as a quick fix and adopt new technologies faster. Some 65% of respondents to a World Economic Forum survey saw a skills gap in India as a challenge to business transformation, and more than one-third of them expected talent availability to worsen over the five years to 2030. Indian employers plan to outpace global adoption in computing technologies, quantum and encryption to transform their businesses, according to the WEF's Future of Jobs report for 2025.
It all threatens to tip India Inc's hiring slump into a depression.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Reliance Industries' group headcount stood at over 419,000 at the end of March 31, 2026, the company said in its annual report for the year. The total number of employees increased by around 4% year-on-year, slower than a 16% rate of expansion in the previous financial year.
Workforces are growing slower at India's top companies https://www.reuters.com/graphics/BRV-BRV/zgvologowpd/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Shritama Bose
MUMBAI, June 4 (Reuters Breakingviews) - Finding a good job in India is going to get a lot harder. Headcount growth at its biggest private company, $190 billion Reliance Industries RELI.NS, is slowing sharply as an investment binge fades. But a chronic skills shortage also gives businesses a strong incentive to rapidly adopt artificial intelligence. That will turn today's hiring squeeze into a deeper, structural slump.
The energy-to-retail giant's over 419,000 headcount as of March 2026 represents 4% year-on-year growth, just one quarter of its expansion rate the previous year. Its disclosures have turned hazier too: last year Reliance discontinued a table in its annual report offering a detailed breakdown of employees across business divisions.
The hiring slowdown is partly explained by the end of a phase of higher recruitment for its fledgling renewable energy business. But the growth remains well below India's 7%-plus GDP growth—and the squeeze could soon become entrenched: Reliance says it is "building talent fluent in leveraging AI to enhance decision-making, productivity and purpose-driven work", implying that the impact of AI on hiring will become clearer next year.
The problem is pronounced at IT outsourcers like $85 billion Tata Consultancy Services TCS.NS, the country's second-largest company by market capitalisation, and Infosys INFY.NS, where the number of employees is now up to 5% below their respective March 2023 peaks, thanks to a slowdown in revenue growth and rise of new coding tools.
Indeed, future job growth is a bigger worry than headline-grabbing layoffs, as the government's Chief Economic Advisor V. Anantha Nageswaran warned in February. His call on the private sector to hire more and balance capital-intensive growth with labor-intensive growth has gone unanswered by industry titans. Urban youth unemployment is as high as 13.6% and it's common for college graduates to queue up for janitorial roles in the public sector.
The danger is employers – who have long complained that India's 600 million-strong workforce does not have the modern skills required for the service-oriented economy – will turn to AI as a quick fix and adopt new technologies faster. Some 65% of respondents to a World Economic Forum survey saw a skills gap in India as a challenge to business transformation, and more than one-third of them expected talent availability to worsen over the five years to 2030. Indian employers plan to outpace global adoption in computing technologies, quantum and encryption to transform their businesses, according to the WEF's Future of Jobs report for 2025.
It all threatens to tip India Inc's hiring slump into a depression.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Reliance Industries' group headcount stood at over 419,000 at the end of March 31, 2026, the company said in its annual report for the year. The total number of employees increased by around 4% year-on-year, slower than a 16% rate of expansion in the previous financial year.
Workforces are growing slower at India's top companies https://www.reuters.com/graphics/BRV-BRV/zgvologowpd/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
- Reliance executives attended Morgan Stanley’s India Investment Forum 2026 in Mumbai on June 2, 2026.
- The meeting involved one-on-one investor discussions; no unpublished price-sensitive information was shared.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on June 02, 2026, and is solely responsible for the information contained therein.
- Reliance executives attended Morgan Stanley’s India Investment Forum 2026 in Mumbai on June 2, 2026.
- The meeting involved one-on-one investor discussions; no unpublished price-sensitive information was shared.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on June 02, 2026, and is solely responsible for the information contained therein.
- India’s Supreme Court ruled on May 29, 2026 that “fraud” under SEBI’s PFUTP rules was not established in the RPL scrip case.
- The court set aside the Securities Appellate Tribunal’s fraud finding from its Nov. 5, 2020 majority decision.
- Reliance was held to have breached 2001 position-limit disclosure requirements, leaving it liable for penalties under SEBI and NSE circulars.
- The case involved a SEBI order seeking disgorgement of INR 4.47 billion plus 12% interest; the Supreme Court had earlier required an INR 2.5 billion deposit.
- A separate SEBI adjudication penalty of INR 250 million had been deposited; SAT upheld it on Dec. 4, 2023, before the Supreme Court heard the tagged appeals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: KQ3L72NIH0SYFN1Q) on June 02, 2026, and is solely responsible for the information contained therein.
- India’s Supreme Court ruled on May 29, 2026 that “fraud” under SEBI’s PFUTP rules was not established in the RPL scrip case.
- The court set aside the Securities Appellate Tribunal’s fraud finding from its Nov. 5, 2020 majority decision.
- Reliance was held to have breached 2001 position-limit disclosure requirements, leaving it liable for penalties under SEBI and NSE circulars.
- The case involved a SEBI order seeking disgorgement of INR 4.47 billion plus 12% interest; the Supreme Court had earlier required an INR 2.5 billion deposit.
- A separate SEBI adjudication penalty of INR 250 million had been deposited; SAT upheld it on Dec. 4, 2023, before the Supreme Court heard the tagged appeals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: KQ3L72NIH0SYFN1Q) on June 02, 2026, and is solely responsible for the information contained therein.
More and larger cargoes to India contributed to the growth
The U.S. was again the main destination of shipments
Chevron's exports fell to 269,000 bpd from 308,000 bpd in April
Global traders increased shipments to 787,000 bpd
Adds graphic and data on exports, imports in paragraphs 9-10
By Marianna Parraga and Mircely Guanipa
June 1 (Reuters) - Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.
Under the U.S.-supported government of interim President Delcy Rodriguez, Venezuelan crude production and exports have bounced this year as Washington eased sanctions and foreign companies expanded oil and gas projects in the OPEC nation.
The oil ministry has forecast a crude output of 1.37 million bpd by year-end, which would imply a 22% increase from the 1.12 million bpd produced in late 2025 and a number not seen since U.S. energy sanctions were first imposed in 2019.
The growth also has allowed Venezuela to resume exports to countries it had not been able to sell its oil to in years.
The volume of crude and refined products shipped from the South American country in May was 0.7% higher than in April and stood 61% above exports in the same month last year, according to the data, based on tanker movements and records from state company PDVSA. A total of 67 cargoes were exported.
The U.S. was again the first destination of Venezuela's oil with some 558,000 bpd, followed by India with 427,000 bpd and Europe with 169,000 bpd, according to the data and documents. The three regions received more volumes in May than in April.
Exports to Caribbean terminals for storage fell to some 58,000 bpd from 187,000 bpd the previous month, a signal of larger demand from refiners for Venezuela's heavy crude grades and residual fuel.
Crude exports by U.S. oil company Chevron CVX.N, PDVSA's main joint venture partner, fell to some 269,000 bpd in May from 308,000 bpd in April, while global traders including Vitol and Trafigura increased shipments from the country to 787,000 bpd, up from 691,000 bpd the previous month.
India's Reliance Industries RELI.NS, which has emerged as one of the three largest buyers of Venezuelan crude in recent months, bought cargoes directly from PDVSA and from suppliers Chevron, Vitol and Trafigura last month, according to the data.
Venezuela also exported some 288,000 metric tons of petrochemicals and oil byproducts, a decrease from the 359,000 tons of the previous month; and imported some 93,000 bpd of heavy naphtha to dilute its extra heavy oil output.
Venezuelan oil exports rose for third consecutive month https://tmsnrt.rs/4o4vrZI
(Reporting by Marianna Parraga and Mircely Guanipa, Editing by Julia Symmes Cobb and David Gregorio)
(([email protected]; +1 713 371 7559; Reuters Messaging: @mariannaparraga))
More and larger cargoes to India contributed to the growth
The U.S. was again the main destination of shipments
Chevron's exports fell to 269,000 bpd from 308,000 bpd in April
Global traders increased shipments to 787,000 bpd
Adds graphic and data on exports, imports in paragraphs 9-10
By Marianna Parraga and Mircely Guanipa
June 1 (Reuters) - Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.
Under the U.S.-supported government of interim President Delcy Rodriguez, Venezuelan crude production and exports have bounced this year as Washington eased sanctions and foreign companies expanded oil and gas projects in the OPEC nation.
The oil ministry has forecast a crude output of 1.37 million bpd by year-end, which would imply a 22% increase from the 1.12 million bpd produced in late 2025 and a number not seen since U.S. energy sanctions were first imposed in 2019.
The growth also has allowed Venezuela to resume exports to countries it had not been able to sell its oil to in years.
The volume of crude and refined products shipped from the South American country in May was 0.7% higher than in April and stood 61% above exports in the same month last year, according to the data, based on tanker movements and records from state company PDVSA. A total of 67 cargoes were exported.
The U.S. was again the first destination of Venezuela's oil with some 558,000 bpd, followed by India with 427,000 bpd and Europe with 169,000 bpd, according to the data and documents. The three regions received more volumes in May than in April.
Exports to Caribbean terminals for storage fell to some 58,000 bpd from 187,000 bpd the previous month, a signal of larger demand from refiners for Venezuela's heavy crude grades and residual fuel.
Crude exports by U.S. oil company Chevron CVX.N, PDVSA's main joint venture partner, fell to some 269,000 bpd in May from 308,000 bpd in April, while global traders including Vitol and Trafigura increased shipments from the country to 787,000 bpd, up from 691,000 bpd the previous month.
India's Reliance Industries RELI.NS, which has emerged as one of the three largest buyers of Venezuelan crude in recent months, bought cargoes directly from PDVSA and from suppliers Chevron, Vitol and Trafigura last month, according to the data.
Venezuela also exported some 288,000 metric tons of petrochemicals and oil byproducts, a decrease from the 359,000 tons of the previous month; and imported some 93,000 bpd of heavy naphtha to dilute its extra heavy oil output.
Venezuelan oil exports rose for third consecutive month https://tmsnrt.rs/4o4vrZI
(Reporting by Marianna Parraga and Mircely Guanipa, Editing by Julia Symmes Cobb and David Gregorio)
(([email protected]; +1 713 371 7559; Reuters Messaging: @mariannaparraga))
May 29 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - MOODY'S UPGRADED CREDIT RATING FOR SENIOR UNSECURED US$ DENOMINATED FIXED RATE NOTES
Source text: [ID:]
Further company coverage: RELI.NS
(([email protected];))
May 29 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - MOODY'S UPGRADED CREDIT RATING FOR SENIOR UNSECURED US$ DENOMINATED FIXED RATE NOTES
Source text: [ID:]
Further company coverage: RELI.NS
(([email protected];))
May 28 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - FY 2026-27 OUTLOOK REMAINS VULNERABLE TO GEOPOLITICAL, MACRO-ECONOMIC AND POLICY RISK - ANNUAL REPORT
RELIANCE INDUSTRIES ON O2C - IN FY 2026-27, VOLATILE PRODUCT PRICES, SUPPLY DISRUPTIONS FROM MIDDLE EAST AMONG OTHERS MAY WEIGH ON DOMESTIC DEMAND AND MARGINS
RELIANCE INDUSTRIES CHAIRMAN: WE WILL CONTINUE TO EVALUATE STRATEGIC PATHWAYS THAT CAN BROADEN STAKEHOLDER PARTICIPATION AND SUPPORT JIO'S LONG-TERM GROWTH
Further company coverage: RELI.NS
(([email protected];;))
May 28 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - FY 2026-27 OUTLOOK REMAINS VULNERABLE TO GEOPOLITICAL, MACRO-ECONOMIC AND POLICY RISK - ANNUAL REPORT
RELIANCE INDUSTRIES ON O2C - IN FY 2026-27, VOLATILE PRODUCT PRICES, SUPPLY DISRUPTIONS FROM MIDDLE EAST AMONG OTHERS MAY WEIGH ON DOMESTIC DEMAND AND MARGINS
RELIANCE INDUSTRIES CHAIRMAN: WE WILL CONTINUE TO EVALUATE STRATEGIC PATHWAYS THAT CAN BROADEN STAKEHOLDER PARTICIPATION AND SUPPORT JIO'S LONG-TERM GROWTH
Further company coverage: RELI.NS
(([email protected];;))
May 27 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - FORTY-NINTH ANNUAL GENERAL MEETING OF THE MEMBERS OF THE COMPANY WILI BE HELD ON FRIDAY, JUNE 19
Source text: ID:nBSEb72pSZ
Further company coverage: RELI.NS
(([email protected];))
May 27 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - FORTY-NINTH ANNUAL GENERAL MEETING OF THE MEMBERS OF THE COMPANY WILI BE HELD ON FRIDAY, JUNE 19
Source text: ID:nBSEb72pSZ
Further company coverage: RELI.NS
(([email protected];))
NEW DELHI, May 25 (Reuters) - India's Reliance Industries RELI.NS, operator of the world's biggest refining complex, imported about 217,800 barrels per day (bpd) of Russian oil in April, down 37.9% from the month before, according to ship tracking data obtained from industry sources.
In April, Reliance also imported Iranian oil after a gap of seven years following a temporary waiver granted by Washington to help stabilise global oil prices.
Russian oil accounted for about 16.7% of Reliance's overall crude imports in April, down from 26.3% in the previous month, the data showed.
Reliance's overall monthly imports declined about 2.2% to 1.3 million bpd, the data showed, ahead of maintenance shutdown of units at one of its refineries.
Country/Region | April 2026 | March 2026 | %Chg mth/mth | April 2025 | %Chg yr/yr | Jan-April 2026 | Jan-April 2025 | %Chg yr/yr |
Latin America |
|
|
|
|
|
|
|
|
Brazil | 195.0 | 22.0 | 784.8 | 46.7 | 317.3 | 98.6 | 23.3 | 323.6 |
Colombia | 70.7 | 67.0 | 5.5 | 70.5 | 0.3 | 105.0 | 61.2 | 71.5 |
Ecuador | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 8.7 | -100.0 |
Mexico | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 24.0 | -100.0 |
Venezuela | 247.4 | 0.0 | -- | 70.3 | 251.8 | 61.8 | 76.6 | -19.2 |
TOTAL | 513.1 | 89.1 | 476.1 | 187.5 | 173.6 | 265.4 | 193.8 | 37.0 |
|
|
|
|
|
|
|
|
|
Middle East |
|
|
|
|
|
|
|
|
Neutral zone | 0.0 | 14.2 | -100.0 | 0.0 | -- | 8.7 | 43.2 | -79.8 |
Iran | 63.8 | 0.0 | -- | 0.0 | -- | 15.9 | 0.0 | -- |
Iraq | 0.0 | 99.6 | -100.0 | 199.5 | -100.0 | 125.5 | 205.8 | -39.0 |
Qatar | 36.3 | 64.3 | -43.5 | 0.0 | -- | 78.2 | 4.2 | 1758.9 |
Kuwait | 0.0 | 37.0 | -100.0 | 0.0 | -- | 68.1 | 22.0 | 209.8 |
S. Arabia | 133.6 | 333.0 | -59.9 | 113.6 | 17.6 | 258.9 | 144.3 | 79.4 |
U.A.E. | 250.1 | 98.3 | 154.3 | 0.0 | -- | 162.3 | 44.2 | 267.2 |
TOTAL | 483.8 | 646.4 | -25.2 | 313.1 | 54.5 | 717.6 | 463.6 | 54.8 |
|
|
|
|
|
|
|
|
|
CIS |
|
|
|
|
|
|
|
|
Kazakhstan | 0.0 | 31.2 | -100.0 | 62.9 | -100.0 | 8.1 | 45.0 | -82.1 |
Russia | 217.8 | 350.4 | -37.9 | 826.0 | -73.6 | 181.1 | 542.8 | -66.6 |
TOTAL | 217.8 | 381.7 | -42.9 | 888.9 | -75.5 | 189.2 | 587.9 | -67.8 |
|
|
|
|
|
|
|
|
|
Africa |
|
|
|
|
|
|
|
|
Angola | 0.0 | 32.4 | -100.0 | 0.0 | -- | 8.4 | 0.0 | -- |
Congo | 0.0 | 60.0 | -100.0 | 0.0 | -- | 15.5 | 7.7 | 100.4 |
Chad | 22.3 | 0.0 | -- | 0.0 | -- | 5.6 | 0.0 | -- |
Sudan | 0.0 | 22.9 | -100.0 | 0.0 | -- | 11.1 | 0.0 | -- |
TOTAL | 22.3 | 115.3 | -80.7 | 0.0 | -- | 40.6 | 7.7 | 423.9 |
|
|
|
|
|
|
|
|
|
Canada | 68.0 | 66.7 | 2.0 | 69.5 | -2.1 | 69.4 | 65.8 | 5.5 |
USA | 0.0 | 34.9 | -100.0 | 0.0 | -- | 23.9 | 0.0 | -- |
TOTAL ALL | 1305.0 | 1334.1 | -2.2 | 1459.0 | -10.6 | 1306.1 | 1318.7 | -1.0 |
NOTE: The total may not tally as numbers in tonnes have been rounded after converting them into barrels per day using a conversion factor of 7.2 barrels per tonne, to reflect the higher density crude the company buys, divided by the number of days.
Numbers for previous months have been revised.
Data also includes some crude parcels that arrived in April, but discharged in May. It also includes some parcels that arrived in March and were discharged in April.
(Reporting by Nidhi Verma; Editing by Subhranshu Sahu)
(([email protected]; X: @nidhi712;))
NEW DELHI, May 25 (Reuters) - India's Reliance Industries RELI.NS, operator of the world's biggest refining complex, imported about 217,800 barrels per day (bpd) of Russian oil in April, down 37.9% from the month before, according to ship tracking data obtained from industry sources.
In April, Reliance also imported Iranian oil after a gap of seven years following a temporary waiver granted by Washington to help stabilise global oil prices.
Russian oil accounted for about 16.7% of Reliance's overall crude imports in April, down from 26.3% in the previous month, the data showed.
Reliance's overall monthly imports declined about 2.2% to 1.3 million bpd, the data showed, ahead of maintenance shutdown of units at one of its refineries.
Country/Region | April 2026 | March 2026 | %Chg mth/mth | April 2025 | %Chg yr/yr | Jan-April 2026 | Jan-April 2025 | %Chg yr/yr |
Latin America |
|
|
|
|
|
|
|
|
Brazil | 195.0 | 22.0 | 784.8 | 46.7 | 317.3 | 98.6 | 23.3 | 323.6 |
Colombia | 70.7 | 67.0 | 5.5 | 70.5 | 0.3 | 105.0 | 61.2 | 71.5 |
Ecuador | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 8.7 | -100.0 |
Mexico | 0.0 | 0.0 | -- | 0.0 | -- | 0.0 | 24.0 | -100.0 |
Venezuela | 247.4 | 0.0 | -- | 70.3 | 251.8 | 61.8 | 76.6 | -19.2 |
TOTAL | 513.1 | 89.1 | 476.1 | 187.5 | 173.6 | 265.4 | 193.8 | 37.0 |
|
|
|
|
|
|
|
|
|
Middle East |
|
|
|
|
|
|
|
|
Neutral zone | 0.0 | 14.2 | -100.0 | 0.0 | -- | 8.7 | 43.2 | -79.8 |
Iran | 63.8 | 0.0 | -- | 0.0 | -- | 15.9 | 0.0 | -- |
Iraq | 0.0 | 99.6 | -100.0 | 199.5 | -100.0 | 125.5 | 205.8 | -39.0 |
Qatar | 36.3 | 64.3 | -43.5 | 0.0 | -- | 78.2 | 4.2 | 1758.9 |
Kuwait | 0.0 | 37.0 | -100.0 | 0.0 | -- | 68.1 | 22.0 | 209.8 |
S. Arabia | 133.6 | 333.0 | -59.9 | 113.6 | 17.6 | 258.9 | 144.3 | 79.4 |
U.A.E. | 250.1 | 98.3 | 154.3 | 0.0 | -- | 162.3 | 44.2 | 267.2 |
TOTAL | 483.8 | 646.4 | -25.2 | 313.1 | 54.5 | 717.6 | 463.6 | 54.8 |
|
|
|
|
|
|
|
|
|
CIS |
|
|
|
|
|
|
|
|
Kazakhstan | 0.0 | 31.2 | -100.0 | 62.9 | -100.0 | 8.1 | 45.0 | -82.1 |
Russia | 217.8 | 350.4 | -37.9 | 826.0 | -73.6 | 181.1 | 542.8 | -66.6 |
TOTAL | 217.8 | 381.7 | -42.9 | 888.9 | -75.5 | 189.2 | 587.9 | -67.8 |
|
|
|
|
|
|
|
|
|
Africa |
|
|
|
|
|
|
|
|
Angola | 0.0 | 32.4 | -100.0 | 0.0 | -- | 8.4 | 0.0 | -- |
Congo | 0.0 | 60.0 | -100.0 | 0.0 | -- | 15.5 | 7.7 | 100.4 |
Chad | 22.3 | 0.0 | -- | 0.0 | -- | 5.6 | 0.0 | -- |
Sudan | 0.0 | 22.9 | -100.0 | 0.0 | -- | 11.1 | 0.0 | -- |
TOTAL | 22.3 | 115.3 | -80.7 | 0.0 | -- | 40.6 | 7.7 | 423.9 |
|
|
|
|
|
|
|
|
|
Canada | 68.0 | 66.7 | 2.0 | 69.5 | -2.1 | 69.4 | 65.8 | 5.5 |
USA | 0.0 | 34.9 | -100.0 | 0.0 | -- | 23.9 | 0.0 | -- |
TOTAL ALL | 1305.0 | 1334.1 | -2.2 | 1459.0 | -10.6 | 1306.1 | 1318.7 | -1.0 |
NOTE: The total may not tally as numbers in tonnes have been rounded after converting them into barrels per day using a conversion factor of 7.2 barrels per tonne, to reflect the higher density crude the company buys, divided by the number of days.
Numbers for previous months have been revised.
Data also includes some crude parcels that arrived in April, but discharged in May. It also includes some parcels that arrived in March and were discharged in April.
(Reporting by Nidhi Verma; Editing by Subhranshu Sahu)
(([email protected]; X: @nidhi712;))
May 21 (Reuters) -
CAPITAL GROUP BUILDS $2 BILLION ADANI BET IN PIVOT FROM RELIANCE - BLOOMBERG NEWS
Source text: https://tinyurl.com/ynsdr6a9
Further company coverage: ADEL.NS
(([email protected];))
May 21 (Reuters) -
CAPITAL GROUP BUILDS $2 BILLION ADANI BET IN PIVOT FROM RELIANCE - BLOOMBERG NEWS
Source text: https://tinyurl.com/ynsdr6a9
Further company coverage: ADEL.NS
(([email protected];))
- Reliance’s RISE Worldwide will jointly deliver a live Major League Baseball event in Mumbai in October 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on May 20, 2026, and is solely responsible for the information contained therein.
- Reliance’s RISE Worldwide will jointly deliver a live Major League Baseball event in Mumbai in October 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief on May 20, 2026, and is solely responsible for the information contained therein.
May 20 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - MAJOR LEAGUE BASEBALL ANNOUNCED A PARTNERSHIP WITH RISE WORLDWIDE
RELIANCE INDUSTRIES - PARTNERSHIP TO SUPPORT GROWTH OF BASEBALL IN INDIA
Source text: ID:nBSE5WlthD
Further company coverage: RELI.NS
(([email protected];))
May 20 (Reuters) - Reliance Industries Ltd RELI.NS:
RELIANCE INDUSTRIES - MAJOR LEAGUE BASEBALL ANNOUNCED A PARTNERSHIP WITH RISE WORLDWIDE
RELIANCE INDUSTRIES - PARTNERSHIP TO SUPPORT GROWTH OF BASEBALL IN INDIA
Source text: ID:nBSE5WlthD
Further company coverage: RELI.NS
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What does Reliance Industries do?
Reliance Industries is India’s largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. It became one of the first businesses to manage a fully integrated Oil-to-Chemicals (O2C) portfolio. Its O2C business includes world-class assets comprising refinery, crackers, and downstream assets that are deeply and uniquely integrated, supported by best-in-class logistics and supply chain infrastructure. Its Retail business is the relentless commitment to serve customers at scale while working in close partnership with a broader ecosystem of merchants and producers, small-scale manufacturers, vendors, kirana store owners, and global companies, to create an inclusive growth platform for shared prosperity.
Who are the competitors of Reliance Industries?
Reliance Industries major competitors are Indian Oil Corpn., Bharti Airtel, Bharat PetroleumCorp, HPCL, MRPL, Chennai Petrol. Corp. Market Cap of Reliance Industries is ₹17,47,051 Crs. While the median market cap of its peers are ₹1,07,337 Crs.
Is Reliance Industries financially stable compared to its competitors?
Reliance Industries seems to be less financially stable compared to its competitors. Altman Z score of Reliance Industries is 2.05 and is ranked 7 out of its 7 competitors.
Does Reliance Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Reliance Industries latest dividend payout ratio is 10.05% and 3yr average dividend payout ratio is 10.15%
How has Reliance Industries allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Reliance Industries balance sheet?
Balance sheet of Reliance Industries is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Reliance Industries improving?
Yes, profit is increasing. The profit of Reliance Industries is ₹80,775 Crs for Mar 2026, ₹69,648 Crs for Mar 2025 and ₹69,621 Crs for Mar 2024
Is the debt of Reliance Industries increasing or decreasing?
The net debt of Reliance Industries is decreasing. Latest net debt of Reliance Industries is ₹82,674 Crs as of Mar-26. This is less than Mar-25 when it was ₹1,34,844 Crs.
Is Reliance Industries stock expensive?
Reliance Industries is not expensive. Latest PE of Reliance Industries is 21.7, while 3 year average PE is 26.18. Also latest EV/EBITDA of Reliance Industries is 11.07 while 3yr average is 13.63.
Has the share price of Reliance Industries grown faster than its competition?
Reliance Industries has given better returns compared to its competitors. Reliance Industries has grown at ~18.51% over the last 10yrs while peers have grown at a median rate of 10.0%
Is the promoter bullish about Reliance Industries?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Reliance Industries is 50.0% and last quarter promoter holding is 50.01%
Are mutual funds buying/selling Reliance Industries?
The mutual fund holding of Reliance Industries is increasing. The current mutual fund holding in Reliance Industries is 9.78% while previous quarter holding is 9.52%.