Why reliance Is Trending Today?

Reliance Industries Limited (RIL) held its 48th Annual General Meeting (AGM) in 2025, with notable announcements including a 2,000-bed medical city and major green projects for Mumbai, unveiled by Nita Ambani. The event, held in the metaverse, saw the participation of tech giants Mark Zuckerberg and Sundar Pichai, discussing AI collaborations. Despite plans for a Jio IPO and AI push, RIL's share price dropped by over 2%, with investors expressing caution. Mukesh Ambani also launched a new company in the FMCG sector and hinted at a potential retail IPO, while his children, Akash, Isha, and Anant, were praised for their roles in the company's operations.

**Reliance Industries' 48th Annual General Meeting (AGM), led by Chairman Mukesh Ambani, took place with significant announcements. Key highlights include:** - **Jio IPO:** Ambani announced that Reliance Jio's Initial Public Offering (IPO) is planned for the first half of 2026, describing it as a "very attractive opportunity." - **AI and Tech Innovations:** The company revealed plans to develop Artificial Intelligence (AI) as its new growth engine, with several AI-focused initiatives and partnerships, including a joint venture with Meta. - **Jio Family Customers:** Reliance Jio's customer base crossed 500 million, marking a significant milestone. - **Reliance JioPhone Next and JioPC:** The company introduced new affordable smartphones and a device turning TVs into AI-ready computers. - **Reliance Retail and FMCG:** Updates on the growth and expansion plans of Reliance Retail and its consumer goods division were also shared. - **Global Recognition:** The AGM saw participation and praise from global leaders like Disney CEO Bob Iger, Google CEO Sundar Pichai, and Meta CEO Mark Zuckerberg, highlighting India's business potential.

Reliance Retail acquires Kelvinator brand to expand its appliance business.