AI Prospecting for Reliance

Reliance Industries' Q2 profits fell by 5% due to a 23% decline in the oil-to-chemicals segment's operating profit. Despite this, the digital services segment saw a 7% rise in ARPU and a 23% increase in net profit. Reliance Retail's revenue declined by 3.5% due to weak fashion demand, but net profit rose by 1%[1].

Reliance Industries and Disney have finalized a Rs 70,352 crore joint venture, merging Viacom18, JioCinema, and Star India to create India's largest media and entertainment company, with over 100 TV channels and 50 million digital subscribers[2]. Reliance Finance and Investments USA LLC acquired a 21% stake in Wavetech Helium, Inc. for USD 12 million, aligning with Reliance's strategy in low-carbon solutions and helium extraction[2][3]. Reliance announced its first new energy giga-factory will start producing solar PV modules by the end of the year, as part of its diverse renewable solutions including solar, energy storage, green hydrogen, bio-energy, and wind[1]. The Andhra Pradesh government and Reliance Group signed a deal worth Rs 65,000 crore to establish 500 compressed bio-gas (CBG) plants over the next three years, creating an estimated 2.5 lakh jobs[3].

Reliance Finance and Investments USA LLC acquired a 21% stake in Wavetech Helium, Inc. for USD 12 million, focusing on low-carbon solutions and helium extraction. Reliance's first new energy giga-factory will start producing solar PV modules by the end of the year, part of its renewable solutions including solar, energy storage, green hydrogen, bio-energy, and wind. The Andhra Pradesh government and Reliance Group signed a Rs 65,000 crore deal to establish 500 compressed bio-gas (CBG) plants over the next three years, creating an estimated 2.5 lakh jobs.