Saavn Media, a subsidiary of Reliance Industries, launched JioSaavn, South Asia's largest streaming, entertainment and artist platform. JioSaavn represents the official integration of JioMusic, India's most popular music app, and Saavn, India's leading global over-the-top platform. The new integrated JioSaavn app will be available across all App Stores including the Jio app store, on JioPhone, as well as, at www.jio.com/jiosaavn.

As announced in March 2018 at the time of acquisition of Saavn by Reliance Industries, the implied valuation of the combined entity at over US$1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.

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Reliance Industries Ltd rose for a fifth straight session today. The stock is quoting at Rs 1172.55, up 0.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 10875.4. The Sensex is at 36180.32, up 0.03%. Reliance Industries Ltd has added around 10.49% in last one month.

Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has added around 4.34% in last one month and is currently quoting at 14367.9, down 0.13% on the day. The volume in the stock stood at 41.21 lakh shares today, compared to the daily average of 84.71 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 1171.95, down 0.11% on the day. Reliance Industries Ltd is up 28.84% in last one year as compared to a 7.45% gain in NIFTY and a 2.93% gain in the Nifty Energy index.

The PE of the stock is 21.29 based on TTM earnings ending September 18.

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Reliance Industries Ltd rose for a third straight session today. The stock is quoting at Rs 1141.5, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 10753.05. The Sensex is at 35799.9, up 0.81%. Reliance Industries Ltd has added around 4.94% in last one month.

Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has added around 2.12% in last one month and is currently quoting at 14185.6, up 0.54% on the day. The volume in the stock stood at 35.43 lakh shares today, compared to the daily average of 82.63 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1139, up 1.11% on the day. Reliance Industries Ltd is up 20.67% in last one year as compared to a 3.78% gain in NIFTY and a 0.57% gain in the Nifty Energy index.

The PE of the stock is 20.52 based on TTM earnings ending September 18.

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Reliance Industrial Investments and Holdings, the wholly owned subsidiary of Reliance Industries has invested in New Emerging World of Journalism ('NEWJ'). As initial tranche, RIIHL has subscribed to 30,000 Equity Shares and 125 Compulsory Convertible Debentures for total cash aggregating to Rs 1.03 crore and consequently NEWJ has become subsidiary of RIIHL and the Company.

NEWJ is an early stage technology start up incorporated in India in January 2018. NEWJ's business focus areas are production and curation of content for the emerging social and digital media ecosystem. Further, NEWJ will also be developing data enabled technology products which allow for integrated models of reporting and distribution.

The aforesaid investment has potential synergies with digital services and communications initiatives of the Company and its subsidiaries.

The investment does not fall within related party transactions and none of Company's promoter / promoter group / group companies have any interest in NEWJ.

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