Business

Reliance Industries Ltd. (RIL) unveiled an ambitious expansion of its new energy business during its Annual General Meeting (AGM), underscoring Chairman Mukesh Ambani’s vision to transform the conglomerate into a global leader in green and sustainable energy. The company outlined significant investments in renewable infrastructure, advanced battery technology, and hydrogen fuel, aiming to accelerate India’s transition toward a low-carbon economy.

French automaker Renault has rolled out the facelifted version of its compact SUV, the Kiger, in the Indian market with a starting price of Rs. 6.30 lakh (ex-showroom). The refreshed model, aimed at enhancing the brand’s competitiveness in the sub-compact SUV segment, introduces cosmetic updates, feature enhancements, and improved safety offerings. Available in multiple trims, the Kiger facelift continues to offer both naturally aspirated and turbocharged petrol engine options.

Reliance Industries Limited (RIL) is accelerating its entry into India’s fast-moving consumer goods (FMCG) market, positioning itself as a formidable challenger to established players. Through its retail arm, Reliance Retail Ventures, the conglomerate is scaling up distribution, introducing private-label products, and acquiring regional brands to build a comprehensive consumer portfolio. The strategy underscores RIL’s ambition to tap into India’s Rs. 5 trillion FMCG sector, where rising disposable incomes and urban-rural demand shifts are reshaping consumption patterns.

Mukesh Ambani, chairman of Reliance Industries Ltd. (RIL), has announced the launch of Reliance Intelligence, a new artificial intelligence company aimed at positioning India as a global leader in advanced technologies. The initiative underscores Reliance’s ambition to extend beyond its core businesses of energy, telecom, and retail, tapping into the transformative potential of AI. Reliance Intelligence will focus on developing large-scale AI models, sector-specific solutions, and enterprise tools tailored for Indian markets while pursuing international opportunities.

The Meenakshi Energy Plant in Andhra Pradesh has officially commenced full-scale operations, marking a significant milestone in the state’s energy infrastructure. The plant, equipped with modern technology and high-capacity turbines, is expected to enhance the region’s electricity supply, reduce dependency on imports, and support industrial and residential growth. Its commissioning reflects Andhra Pradesh’s strategic push toward sustainable and reliable energy solutions, addressing both rising demand and environmental considerations.

TVS Motor Company is intensifying its push into the fast-growing electric two-wheeler segment with the unveiling of its latest product, the Orbiter. Designed to cater to the expanding demand for affordable and sustainable mobility, the Orbiter reflects TVS’s ambition to solidify its position as a market leader in the electric vehicle (EV) space.

Arohan Financial Services, one of India’s leading microfinance institutions, has projected a 20 percent growth in its loan book for the upcoming financial year. The company attributes this optimism to rising credit demand in underserved regions, a stronger rural economy, and steady repayment trends. With a diversified borrower base and focus on financial inclusion, Arohan is positioning itself to capitalize on the expanding appetite for microcredit.

The Adani Group has reported a landmark achievement with its consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) crossing Rs. 90,000 crore for the first time. The milestone underscores the conglomerate’s diversified growth strategy, spanning energy, infrastructure, logistics, and airports, even amid global economic uncertainties. Strong cash flows, disciplined capital management, and robust performance across its portfolio companies have positioned the group as one of India’s most powerful business empires.

Bharat Petroleum Corporation Limited (BPCL) and Oil India Limited (OIL) have joined forces to establish a city gas distribution (CGD) network in Arunachal Pradesh, a move aimed at expanding access to cleaner fuels in one of India’s most geographically challenging states. The partnership underscores the growing emphasis on energy inclusion in the Northeast, where logistical hurdles and limited infrastructure have historically slowed down natural gas adoption.

Jakson Group, a diversified energy and infrastructure conglomerate, has announced a massive Rs. 8,000 crore investment to establish a large-scale solar power plant in Madhya Pradesh. The project underscores the company’s commitment to advancing India’s renewable energy capacity while aligning with the government’s clean energy targets. Spread across multiple phases, the investment will focus on building state-of-the-art solar generation facilities and related infrastructure.