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The core oil-to-chemicals business is in the midst of its worst crisis, dragging down profits that fund the behemoth’s other ventures. The worst part: there is little hope of an uptick anytime soon.

FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
The oil giant’s chief says the ongoing Mideast conflict and the consequent Strait of Hormuz disruption could have catastrophic consequences; a look at the conflict’s effect in Bahrain.