INSUBCONTINENT EXCLUSIVE:
Mukesh Ambani-owned Reliance Industries (RIL) reported a consolidated net profit of Rs 9,516 crore for three months between July-September
2018 as compared to Rs 9,459 crore between April-July
The net profit rose 0.6 per cent on a quarterly basis and 17.4 per cent over the corresponding quarter last year, according to a filing by
the company to the Bombay Stock Exchange (BSE)
Net profit for the quarter under review beat last quarter's net profit which was a record
Reliance Jio Infocomm, the telecommunication venture of RIL, posted a net profit of Rs 681 crore as compared to Rs 612 crore in the last
This was a growth of 11.2 per cent on a quarterly basis.RIL's consolidated revenues increased by 54.5 per cent year-on-year to Rs 1,56,291
crore as compared to Rs 1,01,169 crore in the corresponding quarter last year
Limited and Hathway Cable and Datacom Limited
The company will invest Rs 2,045 crore through a preferential issue and a secondary purchase of Rs
245 crore from the existing promoters to acquire a 66 per cent stake in Den Networks
It will make a primary investment of Rs
2,940 crore through a preferential issue for a 51.3 per cent stake in Hathway Cable.Jio crossed 250 million subscribers within 25 months
