Anil Ambani poses for photographers before the shareholders meeting in Mumbai, India. Reuters
Reliance Industries’s June-quarter profit rose 7 per cent, as double-digit growth in the Indian conglomerate’s retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters.
India’s Reliance Industries, operator of the world’s biggest refining complex, posted a record net profit on Thursday as strong growth in retail and telecom businesses offset the impact of 17-quarter low refining margins. Reliance, controlled by billionaire Mukesh Ambani, said
Abu Dhbai T10 League added another feather to their cap as they signed a deal with telecom giants Jio, who will stream the matches live to their strong base of 330 millions subscribers on their smart phones.
Spot gold eased 0.1% to $1,767.81 per ounce by 05:20 GMT while US gold futures fell 0.6% to $1,765.70.
US West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 05:16 GMT while Brent crude futures for April, which expires on Friday, fell 63 cents, or 0.9%, to $66.25 a barrel.
The real estate and properties transactions valued at Dhs4.31 billion in total during the week.