Indian stock news
On July 14, 2026, Reliance Industries Limited (RIL) announced a strategic partnership with a leading Japanese technology conglomerate to establish a semiconductor assembly and testing (OSAT) facility in Gujarat. The joint venture, involving an initial investment of ₹18,000 crore, aims to cater to the growing domestic demand for automotive and consumer electronics chips. This move marks RIL's formal entry into the high--tech hardware manufacturing sector, leveraging the government's "India Semiconductor Mission" incentives to diversify its industrial portfolio and enhance long--term value for shareholders.