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RIL looks for new energy catalyst

Mint Kolkata

|

July 21, 2025

In a spot

- Manish Joshi

Reliance Industries Ltd's (RIL's) consolidated net profit (attributable to owners based on controlling interest) for the June quarter (Q1FY26) rose almost 20% year-on-year to ₹18,070 crore. This is even after excluding the gain realized on the sale of Asian Paints Ltd shares worth ₹8,924 crore.

While key oil-to-chemicals (O2C), retail and Jio telecom businesses have largely done well, the pressure on retail margin is evident.

Retail core EBITDA margin (excluding investment income) slid for the third consecutive quarter to 8.2% after hitting a peak of 8.5% in Q2FY25. With margin being almost flat year-on-year, absolute EBITDA increased 11% year-on-year to ₹6,044 crore, with similar growth in revenue to ₹73,720 crore.

FLERE HISTORIER FRA Mint Kolkata

Mint Kolkata

Indian IT slashes spending on lobbying in the US

Indian IT slashes spending on lobbying in the US had incurred lobbying costs of $90,000 in 2022 as against $210,000 in 2020. It has not employed any lobbying services since 2022.

time to read

1 mins

November 29, 2025

Mint Kolkata

Apple’s 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Inside Bengaluru's quiet recycling revolution

Stories from the alleys and gullies of India

time to read

4 mins

November 29, 2025

Mint Kolkata

Mint Kolkata

The beauty and sadness of living in the hills

In ‘Called by the Hills’, her first book-length non-fiction work, Anuradha Roy pays a literary and painterly tribute to her home in the Himalayas

time to read

5 mins

November 29, 2025

Mint Kolkata

Fiscal deficit widens on higher capex, lower tax

India’s fiscal deficit for the April-October period rose on higher capital expenditure and lower net tax revenue.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Inside Bengaluru’s quiet recycling revolution

Stories from the alleys and gullies of India

time to read

5 mins

November 29, 2025

Mint Kolkata

Mint Kolkata

'The Family Man' S3: Agent down

The new season of the popular spy thriller series starring Manoj Bajpayee feels like a hedged bet

time to read

4 mins

November 29, 2025

Mint Kolkata

Fiscal deficit up on capex, lower tax

during the period, or 55.1% of the annual estimate for FY26, compared to %4.67 trillion or 42% ofthe annual estimate during the year-ago period.

time to read

1 min

November 29, 2025

Mint Kolkata

Equity treatment for Reits from 1 Jan

From 1 January 2026, any money put into Reits (real estate investment funds) by mutual funds and specialized investment funds (SIFs) will be treated as equity-linked investments.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Former DBS CEO is Temasek India’s new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.

time to read

1 mins

November 29, 2025

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