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.
The ingredient is similar in structure to sildenafil, the active ingredient in Viagra- a drug prescribed for erectile dysfunction. It also warned the coffee's unlisted milk ingredient could be risky for people with allergies or sensitivities to the product.
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.
When the curtain came down revealing the waxwork after a countdown, Kylie admitted that she was taken aback by how it looked. Sometimes the wax figurines at Madame Tussauds' tourist traps are spot-on, looking like actual twins of their namesakes.
The budget includes $621.5 billion in defense spending and $511 billion on non-defense discretionary spending in 2018. However, Trump has favored even larger tax cuts, which add to the deficit despite the mathematical camouflage.
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.
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 .
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.
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.
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.
Asked what his ambitions were for the upcoming season, Bakayoko added: 'I have the ambition to play as many matches as possible. Chelsea are a big club", the 24-year-old said at a promotional event in Tokyo.
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 ".
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.
Under 45? You will now have to work longer before you retire
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Trump Administration Takes Initial Steps To Renegotiate NAFTA
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Mayawati resigns from Rajya Sabha membership
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Oklahoma's Inhofe to lead Senate panel in McCain's absence
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Beyonce unveils photo of twins Sir and Rumi
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Live Crew's Fresh Kid Ice dies
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