As per the operator's Q4 report for the financial year 2017-2018, its total subscriber base now stands at 186.6 million. Reliance has become the first Indian company to record a PBDIT of over $10 billion with each of our key businesses - refining, petrochemicals, retail and digital services achieving record earnings, " chairman and MD Mukesh Ambani said.
Reliance Industries in other sectors too saw rising profits in Q4 and it is believed that it might soon be part of the $100 Billion Dollar club with the petro-chemical and retails arms of the huge conglomerate earning record net profits in this quarter of 2018. The company's profit after tax was higher by 20.6 percent at Rs 36,075 crore as against Rs 29,901 crore in the previous year. Exports (including deemed exports) from India during the March quarter shot up by 32.5 per cent at Rs 51,295 crore during the March quarter.
EU Urges Russia, Iran, Turkey To Press For Pause In Syria Conflict
Lebanese Prime Minister Saad Hariri, who faces elections in two weeks, said the plight of Syrians is simply getting worse. A total of 85 countries have participated in conference, with Germany and United Kingdom among most generous.
In the fourth quarter, RIL recorded the total revenue of Rs 129,120 crore ($ 19.8 billion), an increase of 39 per cent as compared to Rs 92,889 crore in the corresponding period of the previous year.
RIL reported gross refining margin (GRM) of $11.0 per barrel for the quarter ended 31 March 2018.
Arsenal boss Arsene Wenger is addicted to 'Russian Roulette' of management
Marseille boss Rudi Garcia says he won't be changing Marseille's free-flowing style. TEAM NEWS: Marseille are without Hiroki Sakai, Steve Mandanda and Boubacar Kamara.
While Future Group's retail business comes purely from fashion and food and grocery, Reliance Retail had a year ago added its merged its petro-retail business to the overall retail segment which has led to the massive jump in the sales figurers and hence can not be compared with the revenues of the pure-play retailers that depend exclusively on fashion, consumer durables and FMCG. A sharp rise in benchmark crude oil prices and the rupee depreciating against the USA dollar doesn't bode well for oil marketing companies; oil refining, marketing and petrochemicals account for the bulk of RIL's revenues. Petrochemicals revenue rose 44% to Rs 38,113 crore. RIL had launched the telecom services in September 2016.
Reliance Industries' shares closed up 2% at Rs 994.75 on the BSE before the company announced its earnings. Then, in March this year, the company started offering the same device at Rs. 1,999, but with cashback and vouchers worth Rs. 3,595. Going by the promo image, the JioFi M2S hotspot device will be provided as part of the offer.
Jazz Artist-Turned-Schoolhouse Rocker Bob Dorough Passes
From 1943-45, he served in the Army's Band Unit, working as an arranger and playing clarinet, saxophone and piano. He also wrote songs including " Conjunction Junction ", "Verb", " The Shot Heard 'Round the World ", and more.