
Reliance spent double its profit on capex in just 9 months
RIL recorded ₹49,824 crore profit in the first nine months of this financial year.
RIL recorded ₹49,824 crore profit in the first nine months of this financial year.
India's most valuable company by market capitalisation clocked a 52.2% increase in revenue to ₹2,09,823 crore in the quarter ended December.
The BSE Sensex and the NSE Nifty are poised to open lower on Friday, following weak global cues and negative trends on SGX Nifty.
The BSE Sensex and the NSE Nifty are poised to open lower on Wednesday amid mixed global cues as well as growing Covid-19 cases surge across the country.
Mukesh Ambani has expanded the Reliance empire by betting big on telecom and retail.
Reliance Industries Limited’s immediate focus should be to embark on a ‘value unlocking’ journey on the invested capital. Speedy restructuring into focussed business is the only way to achieve this.
The aim is to add a million in headcount in three years, primarily in the retail arm, as the company transforms itself into an enterprise that now includes two mega consumer and technology businesses.
The oil-to-telecom behemoth has created a strong balance sheet that supports growth plans for three hyper-growth engines—Jio, Retail, and O2C. And as part of CSR, it’s also in the healthcare space.
The oil-to-telecom conglomerate is trying its best to deal with the second wave of Covid-19-induced disruptions in its retail operations. But it will be difficult for Reliance Retail to escape unhurt.
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.