INSUBCONTINENT EXCLUSIVE:
At 10:37 am, the shares were trading at Rs 1472, higher by Rs 4 or 3.2 per cent, on the BSE.Reliance Industries Limited (RIL) shares rose
the BSE.Reliance Industries had posted record profit Of Rs 11,640 crore in the previous quarter
The oil-to-telecom conglomerate's net profit rose 13.5 per cent to Rs 11,640 crore in the quarter ended December 2019
Reliance Industries' revenue from operations declined 2.5 per cent to Rs 1,56,802 crore in the same quarter.The net profit of Reliance Jio
Infocomm, the telecom arm of Reliance Industries, also rose 62 per cent to Rs 1,350 crore in the December quarter, accompanied with a 28 per
cent rise in revenue to Rs 13,968 crore.On April 22, Reliance Jio Infocomm, part of billionaire Mukesh Ambani's Reliance Industries group
announced an investment of Rs 43,574 crore in Jio Platforms from Facebook Inc
The US-based social media major's investment will translate to a 9.99 per cent stake in Jio Platforms on a fully-diluted basis
