Key facts: Reliance Industries stock rises; $11B AI data center planned; tax fine issued
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- On November 28, Reliance Industries Ltd. saw its stock rise after Jefferies kept a 'buy' rating with a target of ₹1,785, indicating a 14% upside, driven by strong growth across all segments.1
- Reliance Industries partners with Brookfield and Digital Realty to invest $11 billion by 2030 in a 400-acre AI data center in Visakhapatnam, with a 1 gigawatt capacity.2
- Reliance Industries faces a tax fine of 564.4 million rupees, but the company claims this will not impact its operations or activities.3