The Securities Appellate Tribunal (SAT) on Monday overturned the Sebi verdict fining billionaire Mukesh Ambani and his company Reliance Industries Ltd. in connection with the 2007 RPL case, providing a

Reliance Industries, a conglomerate is considering selling a 8 10% stake, in Reliance Retail Ventures. The purpose of this move is to fund expansion plans reduce debt and prepare for a listing.

Shares of Reliance Industries (RELI.NS), India’s largest company by market capitalization, experienced a significant setback on Monday as the conglomerate reported a larger-than-expected drop in profit, leading to a nearly 3% decline. This comes on the back of a 3.1% slide in the stock on Friday, just before the release of the financial results. Earlier this month, the stock had rallied over 13%, reaching a record high before the demerger of Jio Financial Services last Thursday. The recent stock performance has raised concerns about the company’s flagship oil-to-chemicals (O2C) business, which had experienced record-high refining margins last year due to the surge in fuel demand following the post-pandemic recovery.

Due to unsanitary storage conditions at a Tuticorin warehouse, food safety officials have seized 15,000 tonnes of corn owned by Reliance Industries. The food grains were discovered to be pest-infested

The Future stores will be rebranded by Reliance Industries Limited after the company failed to make payments for them. Future Retail Limited, India’s second-largest retailer, halted most of its online