Reliance Industries Limited (RIL), one of India's largest conglomerates, continues to make significant strides in various industries, including telecommunications, energy, and entertainment. Here are the latest developments surrounding the company:
1. Reliance Jio Partners with SpaceX’s Starlink
In a game-changing move, Reliance Jio has announced a partnership with Elon Musk’s SpaceX Starlink to introduce satellite-based internet services in India. This collaboration, disclosed on March 12, 2025, aims to bridge the digital divide by providing high-speed connectivity to rural and remote regions. While the deal awaits regulatory approvals, it marks a major step in India's broadband expansion.
2. RIL Stock Market Performance – March 13, 2025
Reliance Industries’ stock closed at ₹1,247.40, experiencing a 0.73% decline on March 13, 2025. The stock remains 22.47% below its 52-week high of ₹1,608.95, recorded in July 2024. Trading volumes have also been lower than the 50-day average, reflecting cautious market sentiment.
3. $2.81 Billion Gas Dispute with Indian Government
On March 4, 2025, RIL confirmed that India’s Petroleum Ministry has raised a $2.81 billion demand concerning a gas dispute in the Krishna Godavari (KG D6) block. This follows a court ruling on February 14, 2025, which went against RIL. The company has announced plans to challenge the verdict in the Supreme Court, maintaining that the demand is unjustified.
4. Reliance & Disney Star Mega Merger
RIL has solidified its position in the Indian media landscape by merging Viacom18 with Disney Star in a massive $8.5 billion deal. Finalized in November 2024, this merger consolidates leading entertainment platforms such as StarPlus, Colors TV, JioCinema, and Disney+ Hotstar, making it a dominant player in the Indian entertainment industry.
Where to Get Real-Time Updates on RIL
For the latest updates, financial reports, and strategic announcements on Reliance Industries Limited, check these sources:
Economic Times – Stock trends, business news, and market insights.
Moneycontrol – In-depth financial analysis and stock updates.
Reuters – International business news.
RIL Official Website – Official press releases and company statements.
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