RIL net profit falls1.8% to Rs 18,951 cr yoy, revenue up 10.8 % on 02C, consumer biz
The Business Guardian|April 23, 2024
Reliance Industries on Monday posted net profit of Rs 18,951 crore in the March quarter (Q4) of FY24, a 1.8 per cent decrease in its net profit compared to the previous year but revenue at Rs 264,834 crore grew 10.8 per cent year-on-year, supported by double-digit growth in oil to chemical and consumer business.
NIVEDITA MUKHERJEE
RIL net profit falls1.8% to Rs 18,951 cr yoy, revenue up 10.8 % on 02C, consumer biz

Furthermore, EBITDA saw a yoy growth of 16.1 per cent, reaching Rs178,677 crore with positive contribution from all key operating segments. The conglomerate also announced an interim dividend Rs10 per equity share for the financial year ended 31 March, 2024.

On an annual basis, RIL's Egross revenue at Rs 1,000,122 crore (USD 119.9 billion), was up 2.6 per cent yoy, supported by continued growth momentum in consumer - businesses and upstream business. Revenue for JPL increased by 11.7 per cent -yoy, led by robust subscriber - growth of 42.4 million across mobility and homes and benefit of mix improvement in ARPU. Revenue for RRVL grew by 17.8 per cent you with strong growth across all consumption baskets, gross area addition of 15.6 million square feet and record footfalls of over a one billion.

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Pune car crash: Accused teen's father, grandfather among five booked suicide abetment
The Business Guardian

Pune car crash: Accused teen's father, grandfather among five booked suicide abetment

The Pune Police have booked the father and grandfather of a teenager involved in the Pune May 19 car accident case, in a separate case of abetment of suicide of a local businessman's son, officials said on Friday.

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WE HAVE 300 SEATS, WILL COMPLETE FIVE-YEAR TERM’: AJIT PAWAR AHEAD OF NDA MPS MEETING
The Business Guardian

WE HAVE 300 SEATS, WILL COMPLETE FIVE-YEAR TERM’: AJIT PAWAR AHEAD OF NDA MPS MEETING

As the National Democratic Alliance (NDA) is set to hold a meeting today, Maharashtra Deputy Chief Minister Ajit Pawar on Friday said that the NDA coalition will comfortably complete its five-year term at the Centre.

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1 min  |
June 08, 2024
Heat wave takes toll on truck rentals and fleet occupancy levels in May: Report
The Business Guardian

Heat wave takes toll on truck rentals and fleet occupancy levels in May: Report

The June 2024 edition of Shriram Mobility Bulletin, released today includes interesting data about the latest state of the automobile and logistics sector.

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2 minutos  |
June 08, 2024
Madhya Pradesh High Court Imposed Rs 25K Cost On Counsel For Non-Cooperation
The Business Guardian

Madhya Pradesh High Court Imposed Rs 25K Cost On Counsel For Non-Cooperation

The Madhya Pradesh High Court in the case Smt. Praveen Prakash v. National Insurance Co. Ltd. & Ors. observed and has imposed the cost for an amount of Rs 25,000/- on a counsel appearing for the respondents, including the insurance company, in a service matter.

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June 08, 2024
China recruiting US fighter pilots for Air defence boost: Five eyes Report
The Business Guardian

China recruiting US fighter pilots for Air defence boost: Five eyes Report

According to Voice of America ( VOA) , o n Wednesday, the US and several of its intelligence allies released a report indicating that China has been actively seeking to recruit fighter pilots to enhance its air defense capabilities and develop more sophisticated tactics to counter Western forces.

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1 min  |
June 08, 2024
Delhi Airport to boost peak runway capacity by 30% in 3 years: DIAL CEO
The Business Guardian

Delhi Airport to boost peak runway capacity by 30% in 3 years: DIAL CEO

Delhi Airport is working with the government-run Airports Authority of India (AAI) and an international consultant to optimise operations so that it can increase peak runway capacity by about 30 per cent to 110 movements per hour in three years, said Videh Kumar Jaipuriar, chief executive officer of Delhi International Airport Limited (DIAL), on Friday.

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June 08, 2024
Muthoot Microfin, SBI join forces to empower women entrepreneurs through co-lending
The Business Guardian

Muthoot Microfin, SBI join forces to empower women entrepreneurs through co-lending

Muthoot Microfin has announced a significant step towards empowering women entrepreneurs by entering into a Co-lending agreement with the State Bank of India (SBI), as per a filing submitted to the exchange on Thursday.

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2 minutos  |
June 08, 2024
PM MODI APPLAUDS INDIAN UNIVERSITIES" RISE IN WORLD QS RANKINGS
The Business Guardian

PM MODI APPLAUDS INDIAN UNIVERSITIES" RISE IN WORLD QS RANKINGS

Prime Minister Narendra Modi commended the notable progress in the performance of Indian universities

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2 minutos  |
June 08, 2024
The Business Guardian

INDIAN AIRPORT INDUSTRY'S PROFIT EXPECTED TO SOAR BY 35% IN FY25

The Indian airport industry's profit before tax (PBT) is expected to grow by 35 per cent year-on-year (Y-o-Y) to Rs 10,370 crore in the financial year 2024-25 (FY25)

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June 08, 2024
PRIME MINISTER MODI PARTICIPATES IN PARLIAMENTS NDA MEETING
The Business Guardian

PRIME MINISTER MODI PARTICIPATES IN PARLIAMENTS NDA MEETING

HD Kumaraswamy proposed Narendra Modias the Leader of the NDA Parliamentary Party, while Chandrababu Naidu praised Moat scampaign ails and Rajnath Singh endorsed his leadership.

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June 08, 2024