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Jio Coin : Is Reliance venturing into crypto? Speculation rises after Jio Platforms’ partnership with Polygon Labs

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Reliance Jio’s hyper-aggression scorches competition

Reliance Industries’ subsidiary Jio Platforms has entered into a strategic partnership with Polygon Labs, aiming to make a significant impact in the blockchain and Web3 spheres in India. This collaboration is set to offer Jio’s vast user base access to innovative Web3 technologies, enhancing privacy and control over their data.

The buzz around ‘Jio Coin’ has intensified following the announcement, with numerous users and industry experts like Kashif Raza, CEO of Bitinning, speculating about its potential uses, including mobile recharges and payments at Reliance gas stations. Despite the widespread excitement and discussion on social platforms like Twitter, there has yet to be an official confirmation or details from Jio about Jio Coin’s specific applications.

This partnership marks Jio Platforms’ first venture into the digital asset space, aligning with Polygon Labs, renowned for its development capabilities in blockchain solutions. Together, they plan to integrate Web3 functionalities into Jio’s existing services, potentially transforming the way Jio’s 450+ million customers interact with digital technologies.

Reliance Industries’ technology arm and Polygon Labs aim to capitalize on this technology to develop new services that could redefine user engagement in digital ecosystems. With blockchain technology, smart contracts, and digital assets increasingly supporting the Web3 framework, Jio Platforms is poised to introduce a range of next-generation services to its users.

Kiran Thomas, CEO of JPL, expressed enthusiasm about the partnership, highlighting the opportunity to explore the vast possibilities of Web3 technology and deliver unprecedented digital experiences to their customers. As Jio Platforms steps into the blockchain realm with Polygon Labs, it underscores its commitment to maintaining a cutting-edge position in the technology sector.

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Drunk speeding Audi crushes pedestrians in Jaipur, one killed and 15 injured

A late-night crash involving a drunk speeding Audi in Jaipur left one pedestrian dead and at least 15 others injured after the car ran over roadside vendors and pedestrians.

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One person was killed and at least 15 others were injured after a speeding Audi car, allegedly driven by drunk occupants, ran over pedestrians and roadside vendors in Rajasthan’s Jaipur late Friday night.

According to the police, the luxury car lost control and first hit a road divider before ploughing into food carts and roadside stalls over a stretch of nearly 30 metres. The vehicle eventually crashed into a tree and came to a halt, damaging several parked vehicles along the way.

Visuals from the scene showed shattered food carts scattered across the road, while the Audi was left completely mangled due to the impact.

A total of 16 people were hit in the incident and were rushed to a nearby hospital. Four of the injured were reported to be in critical condition and were later referred to Sawai Man Singh (SMS) Hospital for advanced treatment.

One of the injured, identified as Ramesh Bairwa, a resident of Bhilwara, succumbed to his injuries during treatment.

Police officials said that four people were inside the car at the time of the crash, and all of them were allegedly under the influence of alcohol. While one person has been arrested, three others fled the spot after the incident.

The driver of the Audi has been identified as Dinesh Ranwan, a resident of Churu district in Rajasthan. The vehicle has been seized, and a search is underway to trace the remaining accused.

Rajasthan Chief Minister Bhajanlal Sharma expressed grief over the incident and instructed officials to ensure proper medical care for the injured. Deputy Chief Minister Premchand Bairwa and Health Minister Gajendra Singh Khimsar visited the hospital to enquire about the condition of those injured.

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Mamata Banerjee says ED raids on I-PAC have politically rejuvenated her

Mamata Banerjee led a protest rally in Kolkata after ED raids linked to I-PAC, saying political attacks only rejuvenate her and accusing the Centre of misusing agencies.

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West Bengal Chief Minister Mamata Banerjee on Friday escalated her confrontation with the Centre following Enforcement Directorate (ED) raids linked to the Indian Political Action Committee (I-PAC), asserting that political attacks only strengthen her resolve.

Banerjee led a nearly 6-kilometre protest rally in Kolkata, beginning from Jadavpur and ending at Hazra, with senior Trinamool Congress leaders and party workers marching alongside her. Large crowds gathered along the route in a show of support.

Addressing party supporters after the rally, the Trinamool Congress chairperson defended her decision to enter the residence of I-PAC co-founder Pratik Jain during the ED raids on Thursday, an act that has drawn criticism from the Bharatiya Janata Party and prompted demands for an investigation.

“I did nothing illegal. I went there as the Trinamool Congress chairperson,” Banerjee said, adding that several items had already been taken away by the time she reached the premises.

Allegations of misuse of central agencies

The chief minister accused the Centre of using agencies such as the ED and the Central Bureau of Investigation for political purposes. Questioning the intent behind the raids, she said political opponents were attempting to weaken her party ahead of the 2026 West Bengal Assembly elections.

“If someone tries to kill me politically, don’t I have the right to defend myself?” she asked.

The ED action against I-PAC is linked to an alleged coal scam. Banerjee claimed that leaders from the BJP were also involved in coal-related irregularities and asserted that she possessed evidence. “I have proof on pen drives. I will release it when the time comes,” she said.

‘Politically rejuvenated and reborn’

Taking a combative tone, Banerjee said repeated attempts to target her had only made her stronger politically. “If someone tries to hit me politically, I get politically rejuvenated and reborn,” she declared.

Referring to recent political developments in other states, she alleged that central agencies had been used to destabilise elected governments elsewhere, adding that similar attempts would fail in West Bengal. She expressed confidence that the Trinamool Congress would secure a decisive mandate in the 2026 Assembly polls.

BJP hits back

The BJP accused the West Bengal government of corruption and claimed that the chief minister’s actions during the ED raids raised serious questions. Party leaders alleged that Banerjee had intimidated officials and demanded that she be made an accused in the case.

The political confrontation comes hours after several Trinamool Congress MPs, including Derek O’Brien and Mahua Moitra, were detained by Delhi Police while protesting outside Union Home Minister Amit Shah’s office. Banerjee criticised the detentions, describing the ruling party’s approach to democracy as one that demands “obedience”.

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Ayodhya bans online delivery of non-veg food within 15 km of Ram temple

Ayodhya authorities have prohibited online delivery of non-vegetarian food within 15 km of the Ram temple following complaints over violations in sacred areas.

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Ram Mandir

The Ayodhya district administration has imposed a ban on the online delivery of non-vegetarian food items within a 15-kilometre radius of the Ram temple, following repeated complaints about violations in religiously significant areas.

Officials said the decision was taken after residents and pilgrims raised concerns over online food delivery platforms supplying non-vegetarian items in locations falling under the Panchkosi Parikrama route, considered sacred by devotees.

Complaints against hotels and online platforms

Authorities also flagged reports suggesting that certain hotels and homestays in Ayodhya were serving non-vegetarian food and alcoholic beverages to guests, despite restrictions. Establishments have been issued strict warnings to immediately stop such practices, officials said.

The ban comes months after the Ayodhya Municipal Corporation decided in May 2025 to prohibit the sale of liquor and meat along the 14-km Ram Path, which connects Ayodhya with Faizabad. However, locals claim that liquor sales continue along the route, with more than two dozen outlets still operating.

A municipal officer said meat shops along the Ram Path, including those in Faizabad, had been removed. However, action against liquor vends requires authorisation from the district administration, leading to delays in enforcement.

Monitoring to ensure compliance

Assistant Food Commissioner Manik Chandra Singh said complaints had surfaced that non-vegetarian food continued to be delivered to tourists through online platforms despite existing restrictions.

“Following these complaints, a ban on online non-vegetarian food delivery has been imposed. Hotels, shopkeepers and delivery companies have been informed, and continuous monitoring will be conducted to ensure compliance,” Singh said.

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