“Gandhian Engineering Changed Reliance”: Mukesh Ambani On Mashelkar’s ‘More From Less’ Vision
On Business Today Television's "What's Hot," expert Sunny Agarwal (SBI Securities) reviewed India's record 2025 IPO market - over 100 mainboard listings raising, the highest ever. OFS dominated, with mixed listings. Top performers included Meesho, alongside others like Stallion Fluorochemicals. 2026 pipeline eyes ₹2-2.5 lakh crore, led by mega issues like Reliance Jio, NSE, Flipkart. SEBI lowered mutual fund base TER caps, enhancing transparency. Contrasts: Meesho blockbuster vs. Ola Electric's sharp decline to all-time lows amid promoter sales/competition. Markets cautious near 25,750, optimistic on 2026 earnings/FII flows.
Domestic brokerage firm Motilal Oswal Financial Services believes that Reliance Jio may delay or resist tariff hikes, because higher tariffs may help Airtel gain revenue share faster.
Chaturmohta said a rate cut from the current 5.50 per cent repo rate would ease systemic liquidity, reduce borrowing costs, and stimulate credit demand, with consumer durables, autos, housing, and NBFCs standing to gain the most.
The Supreme Court has affirmed a Rs 30 lakh fine against Reliance Industries and two compliance officers for failing to promptly clarify unpublished price-sensitive information on the Jio-Facebook deal, reinforcing regulatory expectations for large corporations.
Speaking to Business Today, the market expert noted that despite a correction lasting more than a year, quality companies continue to command higher valuations.
Abhishek Basumallick, Co-founder & Fund Manager at Shree Rama Managers, says Reliance Industries is witnessing one of its strongest rallies since 2020 and is on track for its biggest annual bull run. The stock is already up around 26% in 2025, adding nearly ₹4.5 lakh crore to market capitalization, driven largely in the last couple of months. He attributes the momentum primarily to strong performance in the telecom business, improving refining margins, and growth traction in Jio Financial. He adds that Reliance Retail, after heavy investments, is expected to contribute meaningfully to cash flows. With supportive sentiment and factors like GST cuts, Reliance appears well-positioned in the near term.
According to Mayuresh Joshi, Head of Equity Research at William O'Neil India, two key elements are currently driving sentiment around the stock: the halt in Russian oil intake and movements in the Singapore Gross Refining Margin (GRM).
Reliance Jio and Google have now expanded their free Gemini Pro AI offer to all unlimited 5G users and have included Google's newest AI model, Gemini 3.
As India’s equity markets continue to expand, with a surge in listed companies and record investor participation, Reliance Industries-owned Jio BlackRock Mutual Fund believes that data-driven investing offers a decisive edge in navigating increasingly complex market dynamics.
For the September quarter, Jio Platforms Ltd. reported a 13% increase in net profit, reaching Rs 7,379 crore, driven by higher data usage and a growing subscriber base. The company’s revenue from operations rose 15%, hitting Rs 36,332 crore.





