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Reliance Intelligence To Make AI Dramatically More Affordable In India By 2030: Akash Ambani
In this screengrab from a video posted on June 19, 2026, Jio Platforms Managing Director Akash Ambani addresses the 49th Annual General Meeting (post-IPO) of Reliance Industries Limited, in Mumbai, Maharashtra.
Reliance seeks to build India's sovereign AI backbone; unveils Jio call agent and AI home platform
Reliance Industries is building India's sovereign AI backbone. The company is partnering with Google and Meta. New AI-powered applications are launching for Indian users and businesses. An AI agent will join phone calls to assist users. Reliance aims to make AI affordable for every Indian. This initiative leverages Jio's vast digital network.
Telcos reject call for cheaper, standalone voice & SMS plans
Telecom operators Reliance Jio, Airtel, and Vodafone Idea have rejected the Telecom Regulatory Authority of India's (Trai) proposal for mandatory affordable voice and SMS-only plans. Consumer advocates argue this forces millions of feature phone users to subsidize data they don't use, while telcos claim it's technically unsound and anti-consumer.
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
US 'specifically' asked India to buy Russian oil in 2022, says EAM Jaishankar
India's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oil was available and affordable. The United States had specifically requested India continue buying Russian crude. This action aimed to stabilize global energy markets. India's decision was driven by market realities, not politics.
Gold, silver rates today rise up to 4% as WTI crude oil prices tank 5% on US-Iran deal buzz
Gold Rate Today: The dollar weakened, making greenback-priced bullion more affordable for holders of other currencies. Spot gold prices rallied 1.4% to $4,570.88 per ounce, while US gold futures for June delivery gained 1.1% to $4,572.90.
S&P flags pressure on Indian Oil as high crude prices squeeze margins
S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs while meeting India's energy needs.
Reliance Retail buys Priyanka Chopra Jonas’ Anomaly in beauty expansion push
Reliance Retail has acquired Priyanka Chopra Jonas's global haircare brand Anomaly. This move expands Reliance Retail's beauty and personal care offerings. Anomaly is known for its clean, vegan, and affordable products. Reliance Retail plans to scale the brand in India and internationally. Priyanka Chopra Jonas will continue as Creative Director. This acquisition strengthens Reliance Retail's position in the beauty market.
IIFL Home Finance inks $300 million loan pact with ADB
IIFL Home Finance has secured a $300 million loan from the Asian Development Bank to expand affordable housing lending for low-income families, with a special emphasis on women. A portion of the funds will back green-certified, energy-efficient homes, helping address India's substantial housing shortage and extending homeownership to underserved communities nationwide.