Q1 Takeaways: BP deal & lower tax kept RIL cash register ringing
NEW DELHI: Riding on a one-time gain from the divestment of its fuel retailing business and a superlative performance of its telecom venture, Reliance Industries (RIL) managed to get back to reporting net quarterly profit above Rs 10,000 crore. The numbers were on the expected lines, but a sharp drop in revenue from petchem business, … Read more