Mumbai: Reliance Industries Ltd’s fiscal first quarter net profit jumped 76.5 percent to Rs 30,783 crore, led by a gain from the sale of its stake in Asian Paints and strong growth in consumer-facing businesses. Excluding the one-time gain of Rs 8,924 crore, recurring profit still rose a solid 25 percent from a year earlier. Consolidated revenue rose 6 percent to Rs 2.73 lakh crore, supported by strong growth in retail and digital services. Operating profit (EBITDA) jumped 36 percent to Rs ...Read More

Mumbai: At the Private Reception in Washington, Mrs. Nita and Mr. Mukesh Ambani extended their congratulations to President-Elect Mr. Donald Trump ahead of his inauguration. With a shared optimism for deeper India-US relations, they wished him a transformative term of leadership, paving the way for unprecedented progress and collaboration for the two nations and the world. Mukesh Ambani, Chairman of Reliance Industries, and his wife Nita Ambani are set to attend Trump's swearing-in ceremon...Read More

Mumbai: Reliance Industries Ltd posted a 12 percent year-on-year increase in consolidated net profit to a record high of Rs 21,930 crore for the quarter ended December 31, driven by strong performances in its digital services, retail and oils-to-chemicals businesses. RIL's Q3 revenue rose 7.7 percent to Rs 2.67 lakh crore from a year earlier, while EBITDA climbed 7.8 percent to Rs 48,003 crore. EBITDA margin expanded 10 basis points from a year earlier to 18 percent. It widened 1 percentage p...Read More

Jamnagar: Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, recently addressed employees in Jamnagar to mark the 25th anniversary of the company's flagship refinery. He emphasised that Jamnagar is set to be a platform for long-term growth, not just for Reliance, but also for its employees and future generations. "Jamnagar is not only the best oil refinery in the world, it has the biggest gigafactory in the world, the biggest solar energy and fourth is the world's artif...Read More

Jamnagar: The largest oil refinery of the world by Reliance at Moti Khavdi in Jamnagar is completing 25 years of operations, for which a series of events are planned at the refinery complex. On Tuesday, number of star kids from Mumbai could be spotted on the Jamnagar airport arriving to participate in the events. The refinery complex is decorated for the events. The refinery was commissioned in 1999 with an installed capacity of 668,000 barrels per day (106,200 m3/d). Its current installed capac...Read More

Mumbai: Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE:DIS) ( “Disney”) today announced that following the approval by the Hon’ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India Private Limited (“SIPL”) has become effective (the “JV”). In addition, RIL has invested ₹ 11,500 crore (~US$ 1.4 billi...Read More