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Reliance Industries restructures AI subsidiary; Meta to own 30% stake after allotment — Here's what you need to know
Reliance Industries Limited is restructuring its AI subsidiary, Reliance Enterprise Intelligence Limited (REIL), where global tech giant Meta Platforms will own a 30% shareholding. Here's what investors need to know.
Reliance Industries' REIL allots ₹597-cr shares to Reliance Intelligence, ₹257 cr to Meta arm
Post-allotment, Reliance Intelligence holds 70% of Reliance Enterprise Intelligence Ltd's equity, and Facebook holds 30%. Shares of Reliance Industries Ltd ended at ₹1,398.20, down by ₹31.95, or 2.23%, on the BSE today, February 25.
Wall Street cuts Reliance as aluminum margins weigh on outlook By Investing.com - Investing.com India
Wall Street cuts Reliance as aluminum margins weigh on outlook By Investing.comInvesting.com India
Artson hits the roof after securing Rs 13-cr order from Reliance Industries
Artson hit an upper circuit of 5% to Rs 143 after the company announced that it has received a letter of award worth Rs 13.20 crore from Reliance Industries.
India gives one month extension to four Russian insurers
India has temporarily greenlit four Russian insurance firms to maintain marine coverage for incoming ships at its ports. This interim solution allows these insurers to continue operations pending formal clearance. Notably, these companies chiefly protect vessels ferrying Russian oil, aligning with India's goal of diversifying its oil sources and decreasing reliance on Russian imports.
FPI stake hits 15-year low on Dalal Street: Is it a boon or bane for retail investors? Explained
According to Pranav Haldea, Managing Director, PRIME Database Group, the balance of ownership in Indian equities is tilting inward, reinforcing the market’s growing atmanirbharta (self-reliance), as MFs alone seem set to overtake FPIs in the coming quarters.
India vs Pakistan T20 World Cup rivalry delivers record numbers for Reliance co JioStar
India vs Pakistan T20 World Cup: The India versus Pakistan T20 World Cup match achieved record digital reach and consumption. JioStar reported 163 million digital viewers, surpassing previous ICC events. TV ratings also saw a significant jump. This fixture continues to be a major draw for fans and a key revenue generator for broadcasters. The tournament is on track for record overall digital reach.
Reliance Industries can rise 18%, says Morgan Stanley post ₹10 lakh crore AI investment announcement
Morgan Stanley has labelled the Reliance Industries stock a 'top pick'. It has an 'overweight' rating on it with a price target of ₹1,803 apiece.
Crude shock for D-Street on fresh US-Iran tensions
Indian stock markets experienced a sharp decline on Thursday. This downturn was driven by escalating tensions between the US and Iran, which pushed Brent crude oil prices above $71 a barrel. The Indian economy's reliance on oil imports makes it vulnerable to such price hikes. The Indian Rupee also weakened against the US Dollar.
Local permanent magnet production to begin in 2026, says mines minister G Kishan Reddy
India is set to commence domestic production of permanent magnets by 2026, with commercial production of Neodymium materials and rare earth permanent magnets expected to begin this year. This initiative, supported by government funding and technology transfer, aims to boost value addition and reduce import reliance. Critical minerals are highlighted as a significant geopolitical concern, especially following China's export halt.
JioHotstar teams up with OpenAI to bring ChatGPT-driven content discovery in India
Reliance-owned JioHotstar has partnered with OpenAI to introduce ChatGPT-powered voice discovery on its platform. The new multilingual feature will let users find content through natural speech, offering personalised, context-aware recommendations across live and on-demand streaming.
Sam Altman, Sundar Pichai, Mukesh Ambani: List of key speakers at India AI Impact Summit 2026 today
OpenAI’s Sam Altman, Google's Sundar Pichai, Reliance’s Mukesh Ambani, PM Narendra Modi, French President Emmanuel Macron, Meta’s Alexandr Wang and other global leaders headline Day 4.