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Powered by Jio, RIL touches $100 bn market cap
MUMBAI: Reliance Industries becomes the second company to hit $100 billion market capitalisation after TCS in 2018. Previously, in 2008 too, the company has hit the $100 billion mark when the rupee was around 40 to the dollar, according to Moneycontrol.com.
RIL has seen a hike in the share prices of oil-to-telecom for the fifth consecutive day on Thursday. The stock closed 4.42 per cent higher at Rs 1,082.20 on the BSE and taking total five-day gains to over 12 per cent. This could be due to an aggressive plan announced in the AGM and ahead of its June quarter earnings.
While having a buy call on the stock with a target price of Rs 1,340 per share (which implies 29 per cent potential upside), global brokerage house Goldman Sachs said it expects Q1 EBITDA to grow 45 per cent YoY (up two per cent QoQ).
The company’s market capitalisation stood at Rs 6,85,726.98 crore at its record price level and TCS at Rs 7,45,612.17 crore (One US dollar = Rs 68.64).
SP Tulsian of sptulsian.com expects that the telecom business will be the biggest contributor to the share price of Reliance Industries over the next 18 months. Hence, he is banking on the growth of Jio and Reliance Retail.
Speaking about positive factors that could impact the stock, he said, “There is an increase in margins of the petrochemicals and refinery segments. The monetisation plan for Reliance Jio and Reliance Retail are likely in the next 30 months.”
KR Choksey Investment Managers MD Deven Choksey was quoted stating that, the visibility is clearly emerging for Jio as the average revenue per user of Jio will jump from Rs 150 to higher levels.
“Through the fiber-to-home proposition, if Jio customer base reaches 40 crore from the current 20 crore, it would mean an addition of Rs two lakh crore to the total revenue and 50 per cent of that may be EBITDA which works out to Rs one lakh crore. This could happen in two or three years. This is why the market is gung-ho about Jio,” said Choksey, according to Moneycontrol.com.
Reliance consumer businesses, including Jio and retail, up from two per cent to 13 per cent of consolidated EBITDA.
iWorld
Prime Video bets big on India with global originals, films and franchise expansion
Execs highlight scale, travelability and new IP bets as India anchors global strategy
MUMBAI: At Prime Video Presents 2026, the message was clear and confident. India is not just part of the plan, it is central to it.
In a lively fireside chat hosted by filmmaker Karan Johar, Kelly Day, vice president of prime video and amazon mgm studios international, Nicole Clemens, vice president of international originals, and Gaurav Gandhi, vice president for Apac and Anz, laid out an ambitious roadmap. Think bigger stories, wider reach and a sharper focus on building franchises that travel.
Kelly Day, a regular visitor to India, set the tone early. Calling the country “one of the most important markets globally”, she pointed to the sheer scale and diversity of audiences as a driving force behind Prime Video’s growth. Indian Originals, she said, are not just local hits but global engines powering subscriptions and engagement.
That global appeal is already visible. According to Clemens, around 25 percent of viewership for Indian content now comes from outside the country. Shows rooted deeply in local culture are finding fans worldwide, proving that specificity, when paired with universal themes, travels well. From gritty dramas to sharp thrillers, Indian storytelling is increasingly crossing borders with ease.
Clemens, who joined recently to lead international originals, was particularly upbeat about India’s creative range. She highlighted a growing slate of over 100 shows in development and production, with more than 60 percent returning for multiple seasons. For her, the formula is simple. Authentic stories, told well, resonate everywhere.
Adding to the buzz, she teased new and returning titles, alongside a fresh superhero universe, the Kalyug Warriors. It signals a push into new genres while doubling down on familiar fan favourites.
If content is king, distribution is the clever courtier. Day outlined Prime Video’s layered business model in India, which blends subscription, rentals, add on channels and ad supported viewing through Amazon MX Player. The idea is straightforward. Give viewers choice, whether they want premium, free or pay per view.
India, she noted, has also become a testing ground for innovation. Tiered pricing, mobile only plans and language diversity have all been sharpened here before being exported to other markets. In many ways, the India playbook is now influencing global strategy.
For Gaurav Gandhi, the next chapter is about scale with intent. He outlined four priorities. Making Prime Video more accessible, pushing Indian content globally, building stronger franchises and supercharging the films business.
On films, the platform is moving beyond licensing into co productions and now theatrical releases in partnership with amazon mgm studios. These films will eventually stream on Prime Video, creating a full circle from cinema halls to living rooms across 240 countries.
Franchise building remains another key pillar. With hits like The Family Man, Mirzapur and Panchayat already enjoying multi season success, the focus is now on creating the next wave of enduring IP. Newer titles are already lining up for second seasons, signalling a steady pipeline.
What stood out through the conversation was a shared belief. Streaming in India is still in its early innings, and the runway is long. With a mix of local flavour and global ambition, Prime Video is betting that stories from India will not just stay at home, but travel far and wide.
Or as the executives seemed to suggest, the world is watching and India has plenty more to show.
