NSE - Delayed Quote • INR Reliance Industries Limited (RELIANCE.NS) Follow Compare 1,205.30 -25.15 (-2.04%) At close: December 20 at 3:30:00 PM GMT+5:30 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations PDVSA, Reliance resume oil swap under US authorization, document shows HOUSTON (Reuters) -Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed. Reliance and other Indian refiners had imported Venezuelan oil earlier this year under a broad U.S. license that expired in April. In July, Washington granted Reliance an individual authorization green-lighting the trade. Ambani's Reliance buys $192 million stake in Mumbai industrial city Navi Mumbai IIA was renamed from Navi Mumbai Special Economic Zone after the state government approved to convert it into an integrated industrial area in 2018. The deal comes at a time when the warehousing market heats up in the country, with industrial park operators facing a spike in demand as growth in Asia's third-largest economy remains steady and more companies look to India in their bid to diversify supply chains away from China. India's Reliance seeks up to $3 billion loan for debt refinancing, Bloomberg News reports Reliance did not immediately reply to Reuters' request for comment. Its billionaire chairman Mukesh Ambani told shareholders in August that the conglomerate is on track to more than double in size before the end of the decade, as it unveiled measures to step up its adoption of artificial intelligence. Reliance's outstanding debt as of Sept. 30 was 3.36 trillion rupees ($39.60 billion). SoftBank founder Masayoshi Son to meet Indian PM Modi, source says NEW DELHI (Reuters) -Masayoshi Son, the billionaire founder of Japan's SoftBank Group Corp, will meet Indian Prime Minister Narendra Modi on Wednesday, a source with direct knowledge of the matter told Reuters. While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy. The source added that Son met Mukesh Ambani - India's richest man and chairman of oil-to-telecoms conglomerate Reliance Industries - on Tuesday. Trending tickers: Nvidia, Super Micro, Palantir, Reliance Industries and Boohoo The latest investor updates on stocks that are trending on Monday. Reliance, Walt Disney close $8.5 billion merger of Indian media assets The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports. Reuters reported last month that Disney Hotstar's CEO Sajith Sivanandan resigned from the role as business integration gathered pace for the merger. The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media. Walt Disney, Reliance Industries JV In India Gets Regulatory Approval Walt Disney, Reliance Industries JV In India Gets Regulatory Approval Exclusive-Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two people familiar with the matter told Reuters. Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. NVIDIA forms AI partnerships with multiple Indian companies At the forefront of these collaborations is a deal with Indian conglomerate Reliance Industries to create infrastructure for AI applications. Reliance to move Dubai crude team back to India in global trade rejig, sources say India's Reliance Industries Ltd, operator of the world's biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil trading team back to Mumbai, two sources familiar with the plan said. The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes, said one of the sources, who spoke on condition of anonymity as the information was private. Reliance did not respond to Reuters' email seeking comments. Nvidia Deepens India Ties With Reliance Partnership, Expanding AI Reach Through Alliances Nvidia partners with Reliance, Tata, and Tech Mahindra to enhance India's AI capabilities with advanced processors Nvidia’s Huang Teams With Asia’s Richest Man on Blackwell AI Hub (Bloomberg) -- Nvidia Corp.’s Jensen Huang struck a partnership with Asia’s richest man, Mukesh Ambani, to build out artificial intelligence infrastructure and spur the technology’s adoption in the world’s most populous country.Most Read from BloombergInside NYC’s Playbook for Getting Federal Grant FundsThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictThe Tartarian CandidateA Courtyard Apartment Building Designed for Southwest SprawlBooming Cambridge Exposes England’s UK's Mothercare partners with Reliance to strengthen South Asia presence Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51% stake in the JV that owns the Mothercare brand and related intellectual property in India, Nepal, Sri Lanka, Bhutan and Bangladesh for 16 million pounds ($21 million), with Mothercare retaining the remaining 49%. Earlier in September, Reliance partnered with Israeli innerwear maker Delta Galil as part of its expansion in India's apparel market, aiming to double its retail business within the next three to four years. Elon Musk battles Indian billionaires over satellite internet spectrum Elon Musk appears to have won a contest with Indian telecom tycoons Mukesh Ambani and Sunil Bharti Mittal over the way satellite spectrum should... Reliance Industries Ltd (FRA:RLI) Q2 2025 Earnings Call Highlights: Navigating Growth in ... Reliance Industries Ltd (FRA:RLI) reports robust growth in digital services and retail, while facing headwinds in the oil-to-chemicals segment. India's Reliance reports drop in Q2 profit as energy business weighs NEW DELHI/BENGALURU (Reuters) -India's Reliance Industries reported a drop in second-quarter profit on Monday, as its oil-to-chemicals (O2C) business grappled with lower margins, more than offsetting a boost from price increases for the company's mobile services. "Unfavourable demand-supply balance led to sharp ~50% decline in transportation fuel cracks and continued weakness in downstream chemical deltas," Reliance said in a statement. While Reliance, India's most valuable company, has diversified into other businesses such as retail, telecom and green energy, its O2C operation accounts for two-thirds of its total revenue. NEL ASA (NLLSF) Q2 2024 Earnings Call Highlights: Navigating Challenges and Seizing Opportunities Despite a dip in revenue, NEL ASA (NLLSF) focuses on strategic growth with new partnerships and expanded production capacity. Trader Vitol sells Venezuelan oil to Indian refiners, trade sources say Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela's second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports of crude and fuel despite sanctions targeted at President Nicolas Maduro's government. India's top refiner, Indian Oil Corp (IOC), is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000 barrels of oil, the sources with direct knowledge of the matter said. India's Jio Financial, BlackRock get in-principle approval to set up mutual fund business Jio Financial and U.S.-based BlackRock got in-principle approval from India's markets regulator to act as co-sponsors and set up a mutual fund business in the country, the Mukesh Ambani-led Reliance Group company said on Friday. Jio Financial said the Securities and Exchange Board of India will grant the final approval after the two companies fulfil certain requirements, on which it did not elaborate. Days after its demerger from Reliance Industries in July 2023, the company had announced the formation of a 50:50 joint venture with BlackRock to launch asset management services in India. Major energy companies jostle for India’s OALP-9 bidding round Key bidders include domestic companies like Oil and Natural Gas Corporation (ONGC), Vedanta and Reliance Industries, as well as international energy giant bp. Performance Overview Trailing total returns as of 12/20/2024, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return RELIANCE.NS S&P BSE SENSEX YTD -6.43% +8.03% 1-Year -5.45% +9.25% 3-Year +13.10% +36.89%