Reliance Industries Limited (RIL) has received reaffirmed credit ratings from CRISIL Ratings Limited and announced a groundbreaking partnership with Google aimed at accelerating the adoption of Artificial Intelligence (AI) across India. These developments highlight RIL's strong financial position and its commitment to technological advancement.

CRISIL Reaffirms Credit Ratings

CRISIL Ratings Limited has reaffirmed Reliance Industries Limited's credit ratings:

The ratings reaffirmation was communicated to BSE Limited and National Stock Exchange of India Limited, underscoring RIL's strong financial health and stability.

Partnership with Google for AI Access

Reliance Industries, through its subsidiary Reliance Intelligence Limited, has partnered with Google to democratize AI access in India, aligning with RIL's vision of 'AI for All'.

Free AI Access for Jio Users

The partnership introduces an offer for eligible Jio subscribers:

This initiative aims to put cutting-edge AI tools in the hands of India's youth, potentially catalyzing innovation and digital literacy across the nation.

AI Capabilities Offered

The Google AI Pro plan provides users with access to:

• Gemini 2.5 Pro model
• 2TB cloud storage
• Advanced image and video generation (Nano Banana and Veo 3.1 models)
• Enhanced tools like NotebookLM, Gemini Code Assist, and Gemini in Gmail and Docs

Enterprise-Level Collaboration

The partnership extends beyond consumer offerings:

1. AI Hardware Access: Reliance is partnering with Google Cloud to expand access to Tensor Processing Units (TPUs), enabling organizations to train and deploy more complex AI models.

2. Gemini Enterprise Adoption: Reliance Intelligence will become a strategic partner for Google Cloud, driving the adoption of Gemini Enterprise across Indian organizations.

Implications for India's AI Ecosystem

This collaboration is poised to have far-reaching effects on India's AI landscape:

• Democratization of AI access across the country
• Potential boost to India's AI capabilities and innovation
• Support for the government's vision of making India a global AI powerhouse

Mukesh D. Ambani, Chairman of Reliance Industries Limited, emphasized the company's goal of making intelligence services accessible to 1.45 billion Indians. Meanwhile, Sundar Pichai, CEO of Google and Alphabet, highlighted the partnership's role in expanding AI access across India.

As this initiative unfolds, it may mark a significant milestone in India's journey towards becoming an AI-driven economy, potentially transforming various sectors and creating new opportunities for innovation and growth.

Reliance Industries , led by Anil Ambani, has launched a strong counter-offensive against Cobrapost's upcoming exposé, labeling it as a malicious campaign aimed at damaging the company's reputation and manipulating stock prices. The conglomerate has taken a firm stance against what it perceives as an attempt to undermine its market position and shareholder value.

Key Allegations by Reliance Group

• Malicious Intent: Reliance Group accuses Cobrapost of orchestrating a campaign designed to crash stock prices.
• Dormant Entity: The company points out that Cobrapost has been inactive since 2019.
• Ulterior Motives: Reliance alleges that Cobrapost is funded by entities seeking to acquire Reliance Group assets at depressed valuations.

Cobrapost's Scheduled Exposé

Cobrapost has announced a press conference to reveal alleged:

Reliance Group's Defense

1. Repackaged Information: The company claims that Cobrapost's exposé merely recycles old public information.
2. Prior Scrutiny: This information has allegedly been examined by various authorities, including:
   • Central Bureau of Investigation (CBI)
   • Enforcement Directorate (ED)
   • Securities and Exchange Board of India (SEBI)
3. Extortion Allegation: Reliance Group characterizes this as an extortion attempt.
4. Regulatory Action: The company has filed complaints with SEBI regarding potential irregularities in stock trading patterns.

Potential Impact

The campaign allegedly targets 5.5 million shareholders of the Reliance Group, raising concerns about potential market volatility and investor sentiment.

Market Implications

This confrontation between Reliance Group and Cobrapost highlights the sensitive nature of corporate reputation and its impact on stock prices. It underscores the need for investors to critically evaluate information sources and be aware of potential market manipulation tactics.

As this situation unfolds, market participants will be closely watching for any regulatory responses and the potential impact on Reliance Group's stock performance. The outcome of this dispute could have broader implications for corporate governance practices and the role of investigative journalism in the financial markets.