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Energy group Reliance Industries posted a 32% rise in fiscal first-quarter profit, slightly better-than-expected, helped by higher gas output from its fields off India’s east coast and improved refining margins. The company posted April-June net profit of Rs4,851 crore versus Rs3,666 crore a year earlier India’s largest listed conglomerate, controlled by billionaire Mukesh Ambani and [...]
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India’s most valuable company, Reliance Industries Ltd (RIL), is expected to post higher revenue and profit for the quarter ended March, benefiting from improved crude refining margins and gas output from the Krishna-Godavari (KG) basin. Net profit is likely to increase 31% from a year earlier to Rs5,078.17 crore in the January-March period, according to [...]
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