Industrialist Mukesh Ambani-led Reliance Industries Limited's (RIL) consolidated net profit for the fourth quarter (January-March) of 2016-17 moved up by 12.3 per cent, a company statement said here on Monday.
The company posted net profit of Rs 8,046 crore for the fourth quarter of 2016-17 compared to Rs 7,167 crore clocked during the corresponding period in 2015-16.
Industrialist Mukesh Ambani-led Reliance Industries (RIL) on Monday regained its position as the most valued company of the country in terms of market capitalisation (m-cap).
The company's shares on the BSE closed higher by 1.19 per cent or Rs 16.65 to Rs 1,416.40 from its previous close at Rs 1,399.75. This lifted RIL's m-cap to Rs 4,60,518.80 crore.
MUMBAI - Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion.
Reliance derives the bulk of its revenue from its core refining and petrochemicals operations, but the group has bet big on Reliance Jio Infocomm. The project backed by
LONDON - Indian gas company H-Energy is to begin importing liquefied natural gas (LNG) from the third quarter of 2018 via a ship-based terminal leased from French group Engie, its chief executive told Reuters on Monday.
India is the world's fourth biggest LNG importer even though gas accounts for just seven percent of its coal-dominated energy mix, but consumption
LONDON - Oil prices nudged higher on Tuesday, breaking a six-day streak of price falls, but doubts about OPEC's ability to reduce global crude inventories capped gains.
Brent crude was up 8 cents at $51.68 a barrel by 1145 GMT, while U.S. crude futures were up 4 cents at $49.27 a barrel.
Brent is down 10 percent since late 2016, despite efforts led by th
SINGAPORE - India is aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector, a government official said at an investor briefing on Monday.
"We are trying our level best that the day will come when we don't need to import any fuel from any country and that we will be self-sufficient,"
Crude oil futures were trading higher during noon trade in the domestic market on Monday as investors and speculators build up fresh bets in the energy commodity on hopes that OPEC will extend a pledge to slash output to cover all of 2017 to restore balance to a market dogged by oversupply.
However, US drillers added oil rigs for the 14th week in a row, to 688 rigs, extending an 11-mo
NEW DELHI - India's crude oil production in March inched up 0.94 percent to 3.1 million tonnes from a year ago, while natural gas output rose 8.92 percent to 2.75 billion cubic metres, provisional government data released on Monday showed.
Refinery production slipped 0.33 percent to 21.3 million tonnes.
(Reporting by Nidhi Verma; Editing by Malini
Shares of Reliance Industries rose over 1 per cent in early trade on the Bombay Stock Exchange ahead of the fourth quarter earnings report to be announced later in the day. According to Economic Times, the country’s largest private sector enterprise is likely to report over 5 per cent year-on-year growth in net profit for the quarter ended March 31, 2017.
Ahead of Q4, shares of