During the quarter, the profit of the company gained 28.05% to Rs 91.08 billion from Rs 71.13 billion in the same quarter previous year.
Industrialist Mukesh Ambani-led Reliance Industries Ltd (RIL) on Thursday said it plans to acquire 24.92 per cent equity stake in media and entertainment industry firm Balaji Telefilms Limited (BTL) for a consideration of Rs 413.28 crore.
1Q FY18 revenues for the Oil & Gas segment decreased by 1.2 percent on a Y-o-Y basis to Rs 1,324 crore primarily due to lower volumes in USA shale and domestic operations.
Exports (including deemed exports) from India operations were up by 11.5% at Rs 37,111 crore ($5.7 billion) against Rs 33,282 crore in the corresponding period of the previous year.
Earlier in April, Reliance Industries raised to propose its capital expenditure on Reliance Jio by Rs 18,000 crore in the current quarter, adding to the Rs 1.79 lakh crore that it had already put into the venture thus far.
The company said that the increase in revenue was primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business.
The net profit (excluding exceptional items) increased by 12.8 per cent to Rs 8,021 crore. The oil and gas business saw revenue fall 1.2% to ₹ 1,324 crore, with the division sustaining an operating loss (at EBIT level) of ₹373 crore. Retail business also witnessed accelerated growth momentum with YoY revenue growth of 74%. "This digital services business has been built to address the entire value chain across the digital services domain with smart applications to make life simple, handsome and secure".
The industry s debt stands at a staggering Rs 4.6 lakh crore, and an inter-ministerial group is looking at measures to mitigate the financial woes of the sector.
Cash and cash equivalents as on June 30, 2017 were at Rs 72,107 crore ($11.2 billion) compared to Rs 77,226 crore as on March 31, 2017. Refining business contributed ₹66,945 crore of revenue while petrochemicals accounted for ₹25,461 crore.
Shares of Balaji fell 1.7% on Thursday to close at Rs 186.65 apiece.
Reliance Retail, the retail arm of Reliance Industries, has reported 65.8 per cent rise in pre-tax profit at Rs 398 crore for the first quarter ended on June 2017. Ramp-up of ethane import project has helped in diversifying feedstock sources and mitigating risks for our existing crackers at Dahej and Hazira.
Unless the USA starts saving more or investing less, that deficit won't decline - regardless of this or any other trade agreement. The most important fact to keep in mind as the administration renegotiates NAFTA is that the agreement has been a success.
Mr Justice Francis is due to read a transcript of the meeting at Gosh before the next hearing, likely to be this Friday. They apparently failed to be persuaded by American neuroscientist Dr Michio Hirano , who flew back to NY last night.
So guests will actually get to pilot the Millennium Falcon , which has been a fantasy at some point for every Star Wars fan. The progress on the Star Wars-inspired lands was updated by the amusement park and resort giant earlier this year in March.
Officials in Florida said in a statement that "if Nevada's request meets all criteria, Florida must accept the transfer". Neither prosecutors nor victims of the crimes for which Simpson was convicted in 2008 are expected to oppose his parole.
The numbers do not bode well for the BSP's chances to its supremo back to Rajya Sabha when her term would end in April next year. He stressed that the party's next move would be to take this issue to the people and expose the BJP's doublespeak on Dalits .
It's the first time Pixar has joined the Kingdom Hearts universe - and with it comes a whole new Toy Story , erm, story. Since then, Square Enix has been trickling news about what they plan to include in the third installment.
The same month that Exxon signed the deals, Tillerson said the company generally opposes sanctions and finds them "ineffective". And a May 2014 report from the Wall Street Journal said that BP's CEO, an American, "may participate in board meetings with Mr.
Because of the delayed start of the second round, those with afternoon tee times , such as Korda's older sister, Jessica, may not. NOTES: Defending champion Brittany Lang of the United States, one of 10 Women's Open champions in the field, shot an even-par 72.
The film is about six characters, set in one night, and encompasses the dark and bright side of life in Mumbai. Going by the teaser, Saif Ali Khan is doing craziest things which even he does not know why he is doing.
The sanctions freeze any assets the blacklisted targets might have in the USA and block Americans from doing business with them. Trump had repeatedly condemned the nuclear deal brokered by his predecessor Barack Obama as a unsafe capitulation to Iran.
There's still no release date for Aladdin , but we are following the story and will update as soon as a date is revealed. The duo join the only other talent cast for the Disney musical, Will Smith , who will be playing the Genie .
But the government warned repeatedly against interference and said Liu was being treated by renowned Chinese cancer experts. Instead, Liu's absence at the prize-giving ceremony in Oslo, Norway, was marked by an empty chair .
Lucky Whitehead's dog is back safely
Dallas Cowboys wide receiver Lucky Whitehead's dog has been returned safely after being stolen and held for ransom , he said. The 25-year-old Whitehead tried to get detectives on the case, but they were unable to trace the dognappers' phones.
IIFA 2017 Honors Neerja, Udta Punjab
His " Udta Punjab " co-actress, Alia Bhatt won the Best Actor (Female ) Award for the film and both recorded a boomerang. The actors were given away the prestigious IIFA Awards for their brilliant performance in " Udta Punjab ".
Oklahoma's Inhofe to lead Senate panel in McCain's absence
John McCain revealed over the weekend that he had surgery to remove a blood clot from above his eye (more on his condition below). Collins said she's been in touch with members of the Trump administration about the bill, which she calls "a work in progress".
Beyonce unveils photo of twins Sir and Rumi
Beyonce already holds that crown with her Instagram pregnancy announcement in February. "We have been blessed two times over". The picture showed the 35-year-old mother-of-three and the twins draped in a purple floral sheet, while she wore a blue veil.