RIL shares in focus as co seals Google AI partnership, BofA picks up Rs 44 crore stake
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Shares of Reliance Industries Ltd (RIL) will be in the spotlight on Friday, October 31, after the company announced a major partnership with Google and also saw a stake purchase worth Rs 44 crore by Bank of America via a block deal. RIL, through its subsidiary Reliance Intelligence Limited, unveiled a strategic partnership with Google to accelerate artificial intelligence (AI) adoption across India. As part of the collaboration, Google will roll out its AI Pro plan free of cost for 18 months to eligible Jio users. This plan, valued at Rs 35,100 per user, includes access to Google's Gemini 2.5 Pro model, advanced image/video generation models (Nano Banana and Veo 3.1), Notebook LM for research, and 2 TB of cloud storage. The rollout begins with Jio users aged 18–25 on unlimited 5G plans and is expected to expand rapidly to all Jio users. In addition, Reliance Intelligence has been named a strategic partner for Google Cloud in India. Th...