Reliance Retail digital orders jump 116% YoY as parent doubles down on clean energy; Nuvama sees 10% profit upside
JioMart grocery orders up 116% YoY, AJIO Rush sequential orders up 136%, Shein crosses 30M app installs across 5,500+ pin codes serving 396M retail users. Parent Reliance Industries scales 120 GWh battery and 20 GW solar capacity, with Nuvama projecting New Energy could lift profit up to 8% by FY30.
Reliance Industries scales clean energy (battery, solar) and Reliance Retail's digital commerce push via JioMart, AJIO Rush, Shein; Nuvama sees 10% profit upside from New Energy business.