Mukesh Ambani’s Reliance Industries, valued at Rs 28.23 trillion — nearly one-twelfth of India’s GDP — tops the list as India’s most valuable family business, according to the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List.

The Adani family has most valuable first-generation family businesses, with a total valuation of Rs 14 trillion.

Reliance Retail on Friday announced it had acquired home appliance maker Kelvinator for an undisclosed amount, seeking to “significantly broaden” its business in the Indian consumer durables sector.

“Kelvinator, a brand synonymous with trust and innovation for over a century, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, ‘The Coolest One’, and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value,” said Reliance Retail in a press release.

RIL in focus: Domestic brokerage Nuvama Institutional Equities (Nuvama) has raised its target price on oil-to-telecom conglomerate Reliance Industries Ltd (RIL) to ₹1,801—the second highest on Dalal Street after Mirae Asset Securities (Buy, ₹1,950, 14/10/2024).

The upgrade by Nuvama reflects RIL’s foray into external sales of high-efficiency solar modules and the major growth potential of its rapidly expanding New Energy business.

DP World and Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions.

The Dubai-based logistics operator in a statement said the new solution connects Reliance Industries' Jamnagar plant in Gujarat to DP World's inland container depot (ICD) in Ahmedabad and onward to the port of Mundra.

Billionaire Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as $3 billion to refinance debt due next year, according to people familiar with the matter.

About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to wider market in the first quarter of 2025, the people said, who asked not to be named as discussions are private.

The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group.

The fair trade regulator CCI has already approved the merger of Viacom 18 and Star India and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it.

Reports emerged last week that Saregama is eyeing a majority stake in Dharma Productions. Now Reliance Industries Ltd (RIL) is reportedly in discussions to acquire a stake in Bollywood filmmaker Karan Johar's Dharma Productions, reported The Economic Times.

If finalised, the deal would strengthen the oil-to-telecom giant's foothold in India's content production sector. However, the exact size of the stake under negotiation remains unclear.

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as Rs 240 crore ($2.4 billion) via rupee-denominated bonds, according to filings seen by Bloomberg.

The base size of the sale is 100 billion rupees with an option to retain subscriptions worth another 10,000 crore. The 10-year bonds will be auctioned on Thursday and are rated AAA with a stable outlook by rating companies CRISIL and CareEdge.

Shares of Reliance Industries (RIL) gained nearly 2 per cent to Rs 2,622 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after stock starting trading ex-Jio Financial Services (JFS) business. At 10:07 am; RIL traded nearly 1 per cent higher at Rs 2,604.80 on the NSE and Rs 2,606.65 on the BSE.

Meanwhile, JFS was valued at Rs 251 on the BSE and Rs 262 on the NSE. The price of RIL (ex-JFS) settled at Rs 2,589 and Rs 2,580, respectively, on both the exchanges.

Shares of Reliance Industries (RIL) surged nearly 4 per cent to Rs 2,728.35 on the BSE in Monday’s intra-day trade after the company fixed July 20, 2023 as the record date to determine shareholders entitled to receive shares in its new financial services entity.

Under the arrangement, shareholders of RIL will get one share each of Reliance Strategic Investment (RSIL) for every one share held in RIL as of the record date. Reliance Strategic Investment will be demerged and later renamed and listed as Jio Financial Services.

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