Police registered a case against TV5 for airing the report based on speculations published by a Russian website, The Exiled.
The controversial report invited strong reactions in the state with YSR supporters attacking Reliance Retail outlets across the state and Congress activists calling for a bandh.
Cases under sections 153/3A (provocation with intent to cause riot) and 502 A (sale of printed or engraved substance containing defamatory matter) were registered at Jubilee Hills police station.
Other TV stations which aired the report on Thursday, Jan 7 night will also be facing cases.
The police has reportedly arrested 185 people for the attacks on properties of both Reliance groups and booked 96 cases in this regard.