Reliance Retail Q2 revenue drops 3.5% to ₹66,502 cr
Reliance Retail's profit after tax rose 1.3% year-on-year to ₹2,836 crore during the second quarter.
Reliance Retail's profit after tax rose 1.3% year-on-year to ₹2,836 crore during the second quarter.
Reliance Jio says SIM consolidation observed after tariff hike in Q2 FY25, which led to a rise in monthly churn to 2.8%
The oil-to-telecom conglomerate is likely to report muted earnings for the second successive quarter, impacted by weakness in the core O2C (oil-to-chemicals) business.
Disruptive pricing by Reliance Consumer Products has grabbed consumer attention and a foothold in a market long dominated by MNCs.
The central government on Tuesday cut the windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18.
The government has awarded the 10 GWh PLI ACC capacity to the shortlisted bidder with highest the overall score, Reliance Industries.
If approved, this will be the third bonus issue by Reliance Industries after 2009 and 2017, when the conglomerate issued bonus shares in the ratio of 1:1.
Reliance’s new energy business to match O2C’s profitability in the next 5-7 years, adding over 50% to the consolidated PAT of the Group.
This is the first bonus issue by Reliance Industries since 2017, when the conglomerate issued bonus shares at a 1:1 ratio.
Reliance chairman Mukesh Ambani says employment creation for India’s talented youth has to be a top national priority.