Reliance Industries
Reliance Industries has become the first Indian company to surpass $10 billion in annual profit, reporting a record net profit of Rs 95,610 crore for FY26. The conglomerate's consumer businesses, including Jio and Reliance Retail, drove robust growth despite a quarterly dip in its oil-to-chemicals segment. Reliance Retail has now crossed 20,000 stores.
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The Gujarat High Court has set aside a Rs 146.79 lakh demand raised against Reliance Industries Ltd (RIL) for alleged unpaid water charges from 1997 to 2005. Justice H M Prachchhak, in a judgment delivered on April 15, ruled that once a transaction is concluded, the state government cannot reopen accounts to impose retrospective burdens. The court quashed the state's July 2005 order and related bills.