RIL shares in focus as co seals Google AI partnership, BofA picks up Rs 44 crore stake – News Air Insight

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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. This collaboration will allow Indian organizations to leverage Google’s AI hardware accelerators, including Tensor Processing Units (TPUs), thereby boosting AI model training, deployment, and inference. The companies also aim to strengthen India’s AI infrastructure in line with the government’s digital vision.


Further, Reliance will help drive the adoption of Gemini Enterprise, a unified AI platform for enterprises, across Indian businesses. Gemini Enterprise allows organizations to create, deploy, and manage AI agents securely.Reliance Intelligence will also offer its own pre-built enterprise AI agents, alongside Google and third-party agents, expanding the platform’s usability.Separately, Bank of America acquired a stake in RIL worth Rs 44 crore through a block deal on Thursday. The deal involved the purchase of over 2.95 lakh equity shares at Rs 1,475.5 per share, about a 2% discount to the previous closing price of Rs 1,504.05 on the BSE.

The shares were bought by BofA Securities Europe SA and were offloaded by Kadensa Master Fund.

Also read: Ashish Kacholia invests Rs 10 cr in this smallcap co via preferential issue, stock zooms 5%

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