RIL

The IPO-bound Jio Platforms is betting on satellite internet and artificial intelligence to drive its next phase of growth, even as Starlink preps for an India debut.

Reliance AGM 2026 Highlights: Reliance Industries Chairman Mukesh Ambani addressed shareholders at Reliance Industries’ 49th annual general meeting (AGM), with the key highlight remaining the filing of Jio Platforms IPO DRHP, AI initiatives, and satellite broadband plans.

India's most valuable stock's valuation is at attractive levels, with forward P/E compressing to ~19x (versus average of ~21x) and EV/EBITDA at ~9.9x, even < -1SD band, nearing multi-year trough levels of ~9.6x, the brokerage said.

Reliance Industries share price declined over 1.5% to its 52-week low of ₹1270.60 apiece in intraday deals today. During the nine-day losing run, the Mukesh Ambani-led company's shares have shed 7%, eroding investor wealth by ₹129,000 crore.

Zhang Yiming surpassed Mukesh Ambani to become Asia’s second-richest person after a rise in ByteDance Ltd.’s valuation and further progress in the Chinese firm’s AI ambitions.

After five days of hearings, a three-judge bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice Vipul M. Pancholi accepted Reliance’s plea for conciliation, counsel for the Reliance-led consortium said

The RIL-led consortium defended its extraction of ‘fugitive’ gas as a natural occurrence, arguing that its timely development prevented a $1.4 billion loss to the state and provided superior profit-sharing compared to a potential ONGC operation.

Reliance Industries share price surged as much as 2.6% on NSE on Wednesday, 20 May. The stock has remained weak in the near term, shedding 14.46% on a year-to-date basis.

Reliance Q4 results date: Reliance Industries will announce its financial results for the fourth quarter on 24 April. The board will also consider a dividend.