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With vision to serve India, Reliance contributes Rs 1,185 cr as CSR in FY22

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Diversified conglomerate Reliance Industries has contributed Rs 1,184.93 crore towards supporting a number of need-based and impactful Corporate Social Responsibility initiatives during the fiscal FY22.

The CSR initiatives were spearheaded by Reliance Foundation, the philanthropic arm of Reliance Industries, led by Founder and Chairperson of the foundation Nita M. Ambani.

The works included in areas such as rural transformation, health, education, disaster response along with sports for development initiatives.

Most importantly, its Covid-19 response to support the nation and the people, was rolled out through five missions, continued pivoted and intensified through the year, based on the urgent and emerging needs including Mission Oxygen and Mission Vaccine Suraksha.

The other missions, including Mission Anna Seva, Mission Covid Infra and Mission Employee Care, were strengthened and sustained, based on the emerging pandemic situation.

Through its wide range of initiatives, the foundation managed to reach out to over 5.75 crore people and served as many as 50,600 villages.

During the once in a century pandemic, it produced 1,000 tonne medical oxygen every day exclusively for patients, over 8.5 crore meals distributed among needy ones, over 1.4 crore reusable masks distributed, over 2,000 Covid care beds set up across various locations, provided Covid related advisories to over 44 people, over 27 lakh litre fuels dispensed for emergency response vehicles, among many others.

Providing crucial support to the nation to meet a sudden shortage of medical oxygen for Covid-19 patients, especially during the second wave, Reliance repurposed its factory in Jamnagar in record time to produce liquid medical oxygen. The infrastructure was ramped up to meet the life-saving needs of 100,000 patients on a daily basis, delivered free of cost to various states.

The Jamnagar facility contributed to 11 per cent of India’s total production of medical grade liquid oxygen. Even though Reliance was not a manufacturer of medical-grade liquid oxygen, it became India’s largest producer of this life-saving resource from a single location in order to stand with the country in its hour of need.

Besides, it enhanced India’s covid testing capabilities by developing its own confirmatory tests with 15,000+ daily testing capacity.

In education space, it had set up a Jio Institute Campus at Ulwe, Navi Mumbai, Maharashtra in about 52 acres, which will commence its academic sessions in 2022 itself.

Further, it reached 2.15 crore youth and children through different sports initiatives since the inception of the foundation.

Reliance Foundation scholarship athletes put up outstanding performances at national and international events, winning 28 medals in all. Athletes have their sights set on multiple international events including the Commonwealth and Asian Games. AI enabled technologies deployed to identify footballing talent.

Started in 2016, Reliance Foundation Youth Sports (RFYS) aims to lay a strong foundation for India’s sporting future through the development of sports in schools and colleges.

Further, it supported various other small-and-medium sized entrepreneurs in rural areas by holding their hands in making their endeavour success.

During cyclone Tauktae in 2021, which hit the Arabian Sea in the second week of May and affected the livelihoods of many by damaging property and infrastructure, Reliance Foundation Information Services, through its mobile audio services reached out to more than 435,000 people across states hit by the cyclone with information on heavy rainfall, high wind, high wave, thunderstorm and lightning, pre and post-cyclone cautionary measures on the management of agriculture, livestock and fisheries.

Business

Sensex crosses 81,000 Mark, Nifty Jumps 157 Points On Strong Metal & Auto Stocks

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Mumbai: The Indian stock market ended Monday on a strong note, with the BSE Sensex rising 418.81 points (0.52%) to close at 81,018.72, crossing the key 81,000 mark. During the day, it touched a high of 81,093.19. The NSE Nifty also surged by 157.40 points (0.64%) to end at 24,722.75, after hitting an intraday high of 24,734.65.

Top gainers and losers

Among major gainers on the Sensex were Tata Steel, BEL, Adani Ports, TCS, Tech Mahindra, Bharti Airtel, HCL Tech, Trent, M&M, Reliance Industries, UltraTech Cement and L&T.

On the flip side, Power Grid, HDFC Bank, ICICI Bank, and Hindustan Unilever ended the session with losses.

Why the market rallied

The market’s rally was mainly driven by strong performances in the metal and auto sectors. According to experts, a weakening US dollar, strong auto sales, and positive Q1 results from key companies helped boost investor confidence.

Vinod Nair, Head of Research at Geojit Financial Services, said,

“Consumption-driven companies are showing recovery in volume demand. Also, weak US job data may lead to interest rate cuts by the Federal Reserve.”

Global cues positive

Asian markets mostly ended in the green with Hong Kong, South Korea, and China posting gains. However, Japan’s Nikkei closed in red.

European markets were trading positively, while US markets had ended lower on Friday.

Oil prices also slipped, with Brent crude falling 1.15% to USD 68.87 per barrel.

Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth Rs 3,366.40 crore on Friday, as per exchange data.

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Business

India Lost ₹22,842 Crore To Cybercriminals & Fraudsters In 2024: DataLEADS

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India lost Rs 22,842 crore to cybercriminals and fraudsters in 2024, DataLEADS, a Delhi-based media and tech company, said in its report on widespread digital financial frauds in the country. The amount stolen by digital criminals and fraudsters last year was nearly three times more than the Rs 7,465 crore in 2023 and almost 10 times more than the Rs 2,306 in 2022, DataLEADS said in ‘Contours of Cybercrime: Persistent and Emerging Risk of Online Financial Frauds and Deepfakes in India.

Prediction For Cyber-Crime Frauds

The Indian Cybercrime Coordination Centre, I4C, a federal agency that liaises between state and central law enforcement, predicts Indians will lose over Rs 1.2 lakh crore this year. The number of cybercrime complaints has spiked similarly; nearly twenty lakh were reported in 2024, up from around 15.6 lakh the year before and ten times more than were logged in 2019.

The surge in the number of cybercrime complaints and the volume of money lost points to one inescapable conclusion – India’s digital crooks are getting smarter and more efficient, and, in a country with a staggering nearly 290 lakh unemployed people, their ranks are increasing.

Bank-related frauds have increased dramatically; the Reserve Bank of India reported a nearly eightfold jump in the first half of FY 2025/26 compared to the same period last year. And the amount of money lost was staggering – Rs 2,623 crore to Rs 21,367 crore. Private sector banks accounted for nearly 60 per cent of all such incidents. But it was customers in public sector banks who were worst-hit; they lost Rs 25,667 crore in all.

Why have these numbers jumped so much over the past three years?

Because of the increased use of digital payment modes – i.e., smartphone-enabled services like Paytm and PhonePe – and the sharing and processing of financial details online – via (what many believe are encrypted and fail-safe) messaging platforms like WhatsApp and Telegram.

Federal data says there were over 190 lakh UPI, or unified payment interface, transactions in June 2025 alone, and these were worth a combined Rs 24.03 lakh crore. Digital payments’ value has grown from roughly Rs 162 crore in 2013 to Rs 18,120.82 crore in January 2025, and India accounts for nearly half of all such payments worldwide.

COVID-19

Much of this increase can be attributed to the pandemic and the subsequent lockdowns.

During COVID-19, the government pushed for a switch to UPI apps like Paytm to ensure social distancing and minimise contact with currency notes, via which the virus could be transmitted.

Digital Payment Tools In Rural Areas

The government also reasoned that digital payment tools would ensure greater penetration of financial services, particularly in rural areas. By 2019, India already had 440 million smartphone users and data rates were among the cheapest in the world – 1 GB cost Rs 200, or less than $3.

Insurance sector scams were also common. These included life, health, vehicle, and general, and are becoming an increasingly lucrative option for cybercriminals, particularly as insurance companies urge customers to opt for app-based services.

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Business

Mukesh Ambani Planning To Introduce ₹52,200 Crore Worth IPO, Reliance To List Jio Infocomm In Stock Market

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Reliance Industries Limited (RIL), led by the country’s richest man Mukesh Ambani, is planning to bring the biggest IPO ever. RIL is preparing to list its telecom business, Jio Infocomm, in the stock market. This IPO can be worth Rs 52,200 crore (about $6 billion).

Reliance Starts Informal Talks With SEBI

According to a Bloomberg report, Reliance has started informal talks with the Securities and Exchange Board of India (SEBI) to get approval to sell just 5% stake in Jio. If this approval is received, this IPO will break the record of Hyundai Motor India’s Rs 28,000 crore IPO.

Actually, under the current rules of SEBI, companies have to sell at least a 25% stake for public float. But Reliance has told SEBI that the Indian market does not have the capacity to bear such a big offer. Therefore, the company is seeking an exemption to sell 5% stake.

When Will The IPO Launch?

According to Bloomberg sources, this IPO can be launched in the early months of next year, although its size and timing will depend on the market situation. If this plan is successful, it will be the country’s largest IPO.

Jio’s IPO will give an opportunity to big foreign investors like Meta Platforms and Alphabet Inc. (Google) to sell their stake. In 2020, both these companies invested more than $20 billion in Jio Platforms. During this period, Jio’s valuation was $58 billion.

Which Other Investors Have Invested In Jio?

Apart from this, investors like KKR, General Atlantic, and Abu Dhabi Investment Authority have also invested heavily in Jio. Market experts say that Jio’s valuation can be more than $100 billion. However, Reliance wants to increase its income and subscriber base further before the IPO so that the valuation can be increased further.

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