Confirmation of its plans to demerge its financial services arm and list the new entity Jio Financial Services, along with a 23.7% rise in revenue and a 27.2% increase in EBIT for FY23 over FY22, were the highlights of Reliance Industries’ full year and Q4 results announcement. For the quarter, too consolidated net profit was up, driven by a robust upside in its oil-to-chemicals (O2C) business which posted the highest-ever operating profit despite what chairman Mukesh Ambani called “global uncertainties and disruptions in commodity trade flows.
The company had sought shareholders’ approval on the reappointment of Shiwani Singh, the wife of SpiceJet chairman and managing director Ajay Singh. Read more
The company had sought shareholders’ approval on the reappointment of Shiwani Singh, the wife of SpiceJet chairman and managing director Ajay Singh. Read more
In this week's podcast, India’s IT giants continued their pandemic-era growth spurt, with the Big 4 companies posting robust third-quarter numbers. Read more
In this week's podcast, India’s IT giants continued their pandemic-era growth spurt, with the Big 4 companies posting robust third-quarter numbers. Read more
In this week's episode, Sundeep Khanna talks about the latest in the corporate world including Jet's problems and the jumbo bond issue by Reliance. Read more
In this week's episode, Sundeep Khanna talks about the latest in the corporate world including Jet's problems and the jumbo bond issue by Reliance. Read more
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