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Reliance Industries profit rises 6.8% in June quarter

Friday, July 19, 2019, 8:07 PM

Reliance Industries Friday reported a 6.8% rise in consolidated net profit for the first quarter of the current fiscal as share of consumer businesses of retail and telecom rose sharply. Net profit in April-June stood at Rs.10,104-crore while consolidated revenue rose to a record Rs.1,72,956-crore. Retail business EBITDA crossed Rs.2,000-crore while telecom arm Jio posted a 45.6% jump in profits at Rs.891-crore.
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Reliance topples IOC to become the biggest Indian company

Tuesday, May 21, 2019, 6:54 PM

Asia's richest person Mukesh Ambani-led Reliance Industries has toppled state-run Indian Oil to become India's largest company by revenue. Reliance reported revenue of Rs.6.23 lakh crore for 2018-19 compared to Indian Oil's Rs.6.17 lakh crore. With this milestone, Reliance has achieved the number one position in India in terms of revenue, profit and market capitalisation.
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Reliance Industries gets CCI nod to acquire Hathway, DEN

Wednesday, January 23, 2019, 8:01 AM

Mukesh Ambani-owned Reliance Industries has received a go ahead from the CCI to acquire majority stakes in two of India's largest cable operators DEN Networks and Hathway Cable & Datacom. RIL informed stock exchanges that it has received approval from the CCI on January 21 for the acquisition. RIL will acquire 66% in DEN and 51.3% in Hathway for a total consideration of Rs.5,230Cr.

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