Top Stories | Reliance Q1 tops charts, India Inc profits surge, US visa curbs bite, Messi-Yamal spotlight

Reliance starts FY27 in top gear

Reliance Industries kicked off FY27 with a strong quarter, crossing the ₹3 lakh crore revenue mark for the first time. Robust growth in its O2C, oil & gas and digital businesses powered earnings, while Jio posted higher ARPU and a growing subscriber base ahead of its much-anticipated IPO. Reliance Retail also delivered steady growth, making the conglomerate a key driver of Friday's market rally.

RIL Q1FY27 results: Reliance Industries quarterly revenue tops ₹3 lakh crore for the first time

Reliance Industries Ltd (RIL) began FY27 on a strong note, reporting consolidated revenue of ₹3.09 lakh crore in the June quarter, up 5.1% sequentially and 26.6% year-on-year, aided by robust performances from its oil-to-chemicals (O2C), oil & gas and digital services businesses.

Reliance Industries Ltd.

Reliance Industries Q1 Results: O2C business delivers four-year high EBITDA

Reliance Industries' oil-to-chemicals (O2C) business delivered its strongest quarterly operating performance in four years during the June quarter, with earnings supported by a sharp improvement in transportation fuel cracks and stronger downstream chemical margins.

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RIL Q1 Results: Jio ARPU rises to ₹215.6, subscriber base crosses 533 million; files DRHP for IPO

Reliance Industries Ltd.'s telecom arm, Jio Platforms, reported a steady improvement in its key operating metrics for the June quarter, Reliance Industries said on Friday, July 17, with average revenue per user (ARPU) rising to ₹215.6 from ₹214 in the March quarter and ₹208.8 a year ago.

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Reliance Retail Q1 revenue grows 7% to ₹90,409 crore

Reliance Industries Ltd reported its results for the quarter ended June 2026 on Friday, July 17. Reliance Retail, the conglomerate's retail business, reported revenue of ₹90,409 crore for the quarter, up 7.4% from ₹84,172 crore in the year-ago period. Analysts had estimated revenue between ₹92,500 crore and ₹93,000 crore.

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Also Read: Market rally decoded: Banks, Tech Mahindra and Reliance fuel Sensex's 965-point jump

Deals, profits & launches

Zee Entertainment is exploring a stake sale in its music business to boost cash reserves, while India's corporate profit-to-GDP ratio has returned to 2008 levels. Meanwhile, Skyroot Aerospace is set to make history with India's first privately developed orbital rocket launch.

Zee Entertainment explores stake sale in Music arm to shore up cash reserves: Exclusive

Zee Entertainment Enterprises Ltd. is exploring a 49% stake sale in its Music division, Zee Music to shore up the company's cash balances, sources in the know told CNBC-TV18.

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India's corporate profit-to-GDP ratio is at 2008 level, what happens next?



The combined profits of India's top 500 companies are 5.2% of India's gross domestic product (GDP), showing that corporate earnings are growing faster than the broader economy.

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Why Skyroot's private rocket launch could change India's space story

India's private space sector is approaching a defining moment. On July 18, Skyroot Aerospace is scheduled to launch Vikram-1, the country's first privately developed orbital launch vehicle, from the Satish Dhawan Space Centre in Sriharikota. The launch, named Mission Aagaman, could mark a significant shift in India's space story—from a programme led almost entirely by the state to one increasingly driven by private companies.

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Also Read: India's first private rocket launch will be the latest leap in the nation's space sector | In pics

Tensions, tech & the beautiful game

Kuwait has accused Iran of attacking a power and water desalination plant, escalating regional tensions. Elsewhere, Trump Media is rolling out premium access to Donald Trump's Truth Social posts, Xi Jinping is pitching China as a leader in global AI, and football fans are gearing up for the FIFA World Cup final between Argentina and Spain.

Kuwait says Iran attacked a power and water desalination plant, causing widespread damage



Kuwait said Friday, July 17, that Iran attacked a power and water desalination plant, causing widespread damage to the station.

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Also Read: DGMA directs shipping firms to avoid deploying Indian seafarers through the Strait of Hormuz

Trump Media to offer paying clients faster access to Trump's market-moving Truth Social posts



Trump Media, the company that operates the Truth Social social-media network, is launching a service to give customers “licensed, real-time access to posts from the highest-ranking Truth Social accounts, including President Trump”.

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Also Read: US to change visa regulations for foreign students, journalists

Xi pitches China as leader of new global AI order



Chinese President Xi Jinping on Friday cast Beijing as the champion of a new global AI order, using China’s premier tech conference to promote open-source technology and challenge US influence over the rules governing the fast-moving sector.

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How Spain and Argentina are inching towards a picture-perfect FIFA World Cup finale



The World Cup final is set, and fittingly, a clash of styles awaits. Lionel Messi, the most prolific goal scorer in the tournament's history, and defending champion Argentina will take on Spain's defensive juggernaut on Sunday in East Rutherford, New Jersey.

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That's your Top 10@10 for today. We'll be back on Monday with another roundup of the biggest stories shaping markets, business and the economy.