Reliance Industries Limited (RIL), one of India's largest conglomerates, has recently been in the spotlight due to a significant stake acquisition and a groundbreaking partnership in the artificial intelligence (AI) sector. These developments have caught the attention of investors and market watchers alike.

Bank of America's Strategic Investment

Bank of America, through its affiliate BofA Securities Europe SA, has made a substantial investment in Reliance Industries. The details of this transaction are as follows:

This block deal represents a strategic move by Bank of America, showcasing confidence in RIL's future prospects.

Stock Performance

Following this news, RIL's stock performance was as follows:

• Closing price: Rs 1,488.45
• Change: Down 1.04%

RIL shares have delivered an 11% return over the past year, outperforming both the BSE Sensex and Nifty indices.

Financial Performance

Reliance Industries has recently reported its financial results:

While the profit fell short of analyst estimates of Rs 18,643.00 crore, the revenue exceeded expectations of Rs 2.51 lakh crore, demonstrating the company's robust performance in a challenging economic environment.

Strategic Partnership with Google

Reliance Industries, through Reliance Intelligence Limited, has announced a strategic partnership with Google to accelerate AI adoption in India. Key highlights of this collaboration include:

1. Free Google AI Pro Access for Jio Users:

   • 18-month free access to Google AI Pro for eligible Jio users
   • Valued at Rs 35,100.00 per user
   • Initial rollout targeting 18- to 25-year-old users on unlimited 5G plans

2. AI Hardware Acceleration:

   • Partnership with Google Cloud to broaden access to Tensor Processing Units (TPUs)
   • Aim to enable organizations to train and deploy larger, more complex AI models

3. Gemini Enterprise for Indian Businesses:

   • Reliance Intelligence becomes a strategic go-to-market partner for Google Cloud
   • Focus on driving adoption of Gemini Enterprise across Indian organizations

This partnership aligns with Reliance's vision of 'AI for All' and aims to democratize AI access across India.

Corporate Actions

RIL has announced the voluntary liquidation of its step-down wholly owned subsidiary, REC Systems (Thailand) Co., Ltd., effective October 29, 2025. This subsidiary had a minimal impact on RIL's consolidated financials, contributing only 0.00005% to the turnover and 0.00010% to the net worth for the financial year 2024-25.

These developments underscore Reliance Industries' continued focus on strategic investments, technological advancements, and streamlining its corporate structure. As the company pushes forward with its AI initiatives and maintains its strong market position, investors and industry observers will be keenly watching its next moves in the evolving Indian and global markets.

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.