Industries’ oil-to-chemicals (O2C) business in the September quarter has borne the brunt of headwinds faced by the energy market, and this is expected to weigh on its overall earnings, said Morgan Stanley. Shutdown of refineries, windfall taxes on fuel exports, and lower product cracks are likely to pull down the conglomerate’s earnings sequentially in Q2, … Read more
Industries’ much-awaited 45th annual general meeting (AGM) may spell out details on the succession plan, including the roles of next-generation Ambanis: Isha, Akash, Anant, and also the 5G rollout. The market is expecting the oil-to-telecom major to provide a timeline for the demerger or the initial public offering (IPO) of its two entities Reliance Jio … Read more
If we go by what Securities says, two companies, namely and , are expected to contribute up to 65 per cent of the incremental earnings in the June quarter. Motilal Oswal said, excluding the two companies, net profit for Nifty50, as a pack, may grow 13 per cent YoY in the June quarter. Including them, … Read more
MUMBAI: Reliance Industries, India’s largest conglomerate, showed signs of recovery in its oil-to-chemical business in the December quarter as the opening up of the economy helped improve demand, but the company’s retail business is still nursing from the impact of the Covid-19 pandemic. The oil-to-telecom giant reported better-than-expected consolidated net profit for the reported quarter … Read more