Reliance Industries on Friday said it has never feared competition and that India's regulatory framework treats domestic and foreign companies equally, responding to recent criticism by billionaire Elon Musk over delays in the launch of his satellite internet service, Starlink, in the country.

"In light of recent remarks about Reliance and the Indian market, we wish to place the facts on record," the company said in a statement.

Billionaire Mukesh Ambani's Reliance Industries is set to return ​to India's rupee bond market after nearly three years, five merchant bankers told Reuters late on Monday, with what would be the largest single-tranche fundraising by a rated firm since November 2023.

Facebook parent Meta said on Wednesday it has tied up with Reliance Industries to build the US company’s first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar.

Meta, which also owns Instagram and WhatsApp, will take this centre on lease, with an option to expand.

Reliance Industries Limited said on Tuesday that it is taking steps to increase liquefied petroleum gas (LPG) production from its refining and petrochemicals complexes in Jamnagar to help ensure stable fuel supply for Indian households amid volatility in global energy markets.

Reliance Industries is taking proactive steps in line with government guidelines, the company said in a statement.

The United States has issued a general licence to India's Reliance Industries Ltd that will allow ​the refiner to buy Venezuelan oil directly without violating sanctions, ​two sources familiar with the matter said.

Following the US capture of Venezuelan President ‌Nicolas Maduro earlier this month, US officials said Washington would ease sanctions imposed on Venezuela's energy industry to facilitate a $2 billion oil supply deal between Caracas and Washington and an ambitious $100 billion reconstruction plan for the country's oil industry.

Mukesh Ambani-led Reliance Industries Ltd (RIL) has stopped import of Russian crude oil into its Special Economic Zone (SEZ) refinery in Jamnagar, Gujarat, with effect from November 20, the company said in a statement late Thursday evening. This comes hours before the United States’ sanctions on Russian oil companies Rosneft and Lukoil are supposed to come into effect (from November 21).

Reliance Industries Ltd's Human Resources chief Ira Bindra has been named among the world's top CHROs, making Reliance the only Indian company represented on the list.

N2Growth, a global leader in executive search and leadership advisory, announced the 2025 Leaders40 Top Chief Human Resources Officers (CHRO) Award late on Friday.

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.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.