Coca-Cola is also responding to Campa’s pricing strategy by expanding the distribution of returnable glass bottles priced at Rs 10, particularly in smaller cities.

Anil Dhirubhai Ambani Ventures had sought to stop the Hinduja Group from using the ‘Reliance’ brand as part of its takeover of the insolvent Reliance Capital. 

India will now allocate satellite spectrum administratively, not through auction, after Musk criticised Ambani’s auction push.

Brokerages point to RIL's long-term prospects, driven by growth triggers such as Jio’s tariff hikes, new energy projects, and further value unlocking in the digital and retail businesses.

If the deal goes through, it will enhance Reliance's footprint in India's entertainment sector, complementing its existing assets such as Jio Studios and Viacom18 Studios

`Our new energy business will be the new jewel in Reliance's crown; I foresee it becoming as big and profitable over the next 5-7 years as our oil-to-chemicals business which we built over the past 40 years,' Mr Ambani said.

In early trading, the Sensex rose to 82,637, and the Nifty reached 25,258.8 before retracting.

A bonus issue of shares will increase a company's share capital but not its market capitalisation. 

The Sensex closed 349 points (0.43 percent) higher at 82,134.61; the Nifty 50 settled at 25,151.95, up 100 points (0.40 percent)

The plans come with an 84-day validity, meaning the customers will receive a three-month Netflix subscription with each recharge.