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RIL unit risks being fined up to ₹125 cr

Financial Express Chandigarh

|

March 04, 2025

TO CUT ON IMPORTS

- ALISHA SACHDEV & PR SANJAI

A UNIT OF Mukesh Ambani-led Reliance Industries risks being penalised after failing to set up a battery cell plant that formed part of Prime Minister Narendra Modi's push to cut import dependence, said people familiar with the matter.

Reliance New Energy, among companies that won a bid for battery cell manufacturing in 2022 under a government plan to reward local production, is liable to pay fines of as much as ₹125 crore for missing a deadline, said the people.

FLERE HISTORIER FRA Financial Express Chandigarh

Financial Express Chandigarh

SIR discrepancies: EC asked to display names in Bengal

RELIEF FOR VOTERS

time to read

1 min

January 20, 2026

Financial Express Chandigarh

At least 39 killed in Spain train crash

A VIOLENT JOLT, followed by screams, flying objects, blood and then darkness is how survivors of the train crash in southern Spain on Sunday night described the moment of impact in the high-speed collision that killed at least 39 people.

time to read

1 min

January 20, 2026

Financial Express Chandigarh

Battery energy storage sector under stress as cell prices surge

INDIA’S BATTERY ENERGY storage system (BESS) sector is facing a sharp cost reset due to the combined effect of a falling rupee, higher raw material prices and changes in China’s export policy.

time to read

3 mins

January 20, 2026

Financial Express Chandigarh

JioHotstar rolls out monthly plans from ₹79

RELIANCE'S VIDEO-ON-demand platform JioHotstar on Monday announced a revamped subscription model, introducing monthly plans across all tiers for the first time and restructuring access to international content.

time to read

1 min

January 20, 2026

Financial Express Chandigarh

Why SP Group is borrowing at distress-level rates

POOR LIQUIDITY

time to read

2 mins

January 20, 2026

Financial Express Chandigarh

Jio Arpu growth to stay muted as hikes delayed

RELIANCE JIO'S AVERAGE revenue per user (ARPU) growth is expected to remain modest in the near term as the telecom operator is unlikely to raise tariffs until after the proposed listing of Jio Platforms, analysts said.

time to read

1 mins

January 20, 2026

Financial Express Chandigarh

Malhotra calls for high governance standards at UCBs

RESERVE BANK OF India Governor Sanjay Malhotra on Monday emphasised the importance of maintaining high standards of governance and diligent oversight over asset quality during his meeting with top officials of select urban cooperative banks (UCBs).

time to read

1 min

January 20, 2026

Financial Express Chandigarh

Lenders seek policy boost as funding costs increase

GREAT EXPECTATIONS

time to read

3 mins

January 20, 2026

Financial Express Chandigarh

Plug the oversight gaps

DESIGN OF REGULATOR REFLECTS CAUTION MORE THAN COMMITMENT TO INDEPENDENCE AND ACCOUNTABILITY

time to read

4 mins

January 20, 2026

Financial Express Chandigarh

WEF flags supply chain volatility

STRUCTURAL SHIFT FORCING GOVTS & COMPANIES TO RE-EVALUATE STRATEGY

time to read

2 mins

January 20, 2026

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