Reliance Industries began FY27 on a high note, surpassing the ₹3 lakh crore revenue threshold for the first time. The growth in its O2C, oil & gas, and digital sectors fueled earnings, while Jio seen an increase in ARPU and a growing subscriber count ahead of its highly anticipated IPO. Reliance Retail also showed solid growth, establishing the conglomerate as a significant contributor to Friday’s market surge.
RIL Q1FY27 results: Consolidated revenue exceeds ₹3 lakh crore for the first time
Reliance Industries Ltd (RIL) marked a strong beginning to FY27, reporting consolidated revenue of ₹3.09 lakh crore for the June quarter, a 5.1% increase sequentially and a 26.6% rise year-on-year, driven by impressive performances from its oil-to-chemicals (O2C), oil & gas, and digital services sectors.
Reliance Industries Ltd.
Reliance Industries Q1 Results: O2C business achieves highest EBITDA in four years
The oil-to-chemicals (O2C) segment of Reliance Industries recorded its best quarterly operating performance in four years during the June quarter, underpinned by a notable uptick in transportation fuel cracks and improved downstream chemical margins.
Read more
RIL Q1 Results: Jio ARPU rises to ₹215.6, subscriber count exceeds 533 million; IPO DRHP filed
Reliance Industries Ltd.’s telecom division, Jio Platforms, announced a consistent enhancement in its key operating metrics for the June quarter on Friday, July 17, with average revenue per user (ARPU) climbing to ₹215.6 from ₹214 in the March quarter and ₹208.8 a year prior.
Read more
Reliance Retail Q1 revenue increases 7% to ₹90,409 crore
On July 17, Reliance Industries Ltd revealed its results for the June 2026 quarter, noting Reliance Retail, its retail division, reported revenue of ₹90,409 crore for the quarter, reflecting a 7.4% increase from ₹84,172 crore during the same period last year. Analysts had estimated revenue between ₹92,500 crore and ₹93,000 crore.
Read more
Also Read: Market rally unveiled: Banks, Tech Mahindra, and Reliance drive Sensex’s 965-point rise
Deals, profits & launches
Zee Entertainment is considering a stake sale in its music division to enhance its cash reserves, while the corporate profit-to-GDP ratio in India returns to levels seen in 2008. Concurrently, Skyroot Aerospace is on the verge of historic achievement with India’s first privately developed orbital rocket launch.
Zee Entertainment explores stake sale in Music division to bolster cash reserves: Exclusive
According to sources familiar with the matter, Zee Entertainment Enterprises Ltd. is exploring a sale of a 49% stake in its Music division, Zee Music, to strengthen its cash reserves, CNBC-TV18 reported.
Read more
India’s corporate profit-to-GDP ratio stands at 2008 levels: what’s next?
The aggregate profits of India’s top 500 firms constitute 5.2% of the gross domestic product (GDP), indicating that corporate earnings are outpacing the overall economic growth.
Read more
Why Skyroot’s private rocket launch could redefine India’s space narrative
The private space industry in India is approaching a pivotal moment. On July 18, Skyroot Aerospace is set to launch Vikram-1, India’s first privately developed orbital launch vehicle, from the Satish Dhawan Space Centre in Sriharikota. This launch, named Mission Aagaman, could signify a transformative shift in India’s space narrative—from a program predominantly led by the state to one increasingly steered by private enterprises.
Read more
Also Read: India’s inaugural private rocket launch: a significant advancement in the country’s space sector | In pictures
Tensions, technology & the beautiful game
Kuwait has accused Iran of launching an attack on a power and water desalination facility, raising regional tensions. Meanwhile, Trump Media is introducing a premium service for faster access to Donald Trump’s Truth Social posts, Xi Jinping is promoting China as a frontrunner in global AI, and fans are preparing for the FIFA World Cup final between Argentina and Spain.
Kuwait claims Iran assaulted a power and water desalination facility, causing extensive damage
Kuwait announced on Friday, July 17, that Iran attacked a power and water desalination plant, resulting in substantial damage to the facility.
Read more
Also Read: DGMA instructs shipping firms to refrain from deploying Indian seafarers through the Strait of Hormuz
Trump Media to provide paying clients expedited access to Trump’s market-impacting Truth Social posts
Trump Media, the operator of the Truth Social social-network platform, is launching a service that offers customers “licensed, real-time access to posts from the highest-ranking Truth Social accounts, including President Trump.”
Read more
Also Read: US to revise visa regulations for foreign students and journalists
Xi promotes China as a leader in the new global AI landscape
On Friday, President Xi Jinping depicted Beijing as a champion of a new global order in AI, leveraging China’s leading tech conference to advocate for open-source technology and to challenge US dominance over the regulations governing this rapidly evolving sector.
Read more
How Spain and Argentina are edging towards a thrilling FIFA World Cup finale
The World Cup final is on the horizon, featuring an exciting clash of styles. Renowned scorer Lionel Messi and defending champions Argentina will face Spain’s formidable defense on Sunday in East Rutherford, New Jersey.
Read more
That’s your Top 10@10 for today. We’ll return on Monday with another summary of the key stories shaping the markets, business, and the economy.
