Apart from the telecom arm of Reliance the retail industries too reported a three time increase in profit in the fourth quarter in 2018. The company's profit after tax was higher by 20.6 percent at Rs 36,075 crore as against Rs 29,901 crore in the previous year.
Billionaire Mukesh Ambani-helmed Reliance Industries Ltd (RIL) reported its highest ever quarterly net profit of Rs9,435 crore, beating Street estimates, for the quarter ended 31 March.
Reliance Retail, the group's retail arm, nearly doubled its sales at ₹24,183 crore, against ₹10,332 crore in the year ago period.
Revenue from its refining and marketing business rose 28.8% to Rs 93,519 crore as its Jamnagar refinery, the world's largest, earned $11 from every barrel it processed. Reliance's oil and gas business saw widening of loss to Rs 600 crore from Rs 486 crore loss in Q4 of last fiscal as the output continued to fall. The company added 86 stores across formats during the quarter.
Airtel's 4G hotspot also supports up to 10 connections.
"We have established strong foundations in retailing and digital services business with world-class supply chain management and network infrastructure which will serve our customers well".
The JioFi exchange offer seems to return more than what you pay, but like any other offer, there are certain conditions that apply. The increase in revenue is primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in the prices of products in refining and petrochemical businesses. RIL had launched the telecom services in September 2016. The combined entity is valued at over $1billion, with JioMusic's implied valuation at $ 670 million.
Reliance Industries' shares closed up 2% at Rs 994.75 on the BSE before the company announced its earnings. As on 31st March 2018, Reliance Retail operated 3,837 stores across 750 cities with an area of over 17.7 million square feet.
Network18 subsidiary TV18 Broadcast Ltd took operational control and increased its stake in Viacom18 to 51 per cent by acquiring 1 per cent equity from JV partner Viacom Inc. In addition, JioTV app won in the "Best Mobile Video Content" category for JioTV enabling Jio Digital Life.
Jio now offers three JioFi devices - JioFi, JioFi M2 and JioFi M2S - and going by the promo image, it seems like the JioFi M2S WiFi Router is being offered as part of the exchange offer.
On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.63% at $67.98 a barrel. Defense Secretary Jim Mattis said Thursday that there's been no decision on the nuclear deal.
He also gave some important tips to women workers of BJP to ensure victory in the forthcoming parliamentary elections. Lekhi and Patra said Congress Prime Ministers had tried to destroy institutions of the country to save their chairs.
Spain worldwide De Gea has developed into arguably the world's best goalkeeper since joining United from Atletico Madrid in 2011. Asked if De Gea could leave Manchester United this summer, Mourinho during a press conference told Sky Sports: " No chance ".
Before knocking off for the night, the jury had Cosby's old deposition testimony read back to them. "I feel like I'm dreaming". The jury in Bill Cosby's indecent assault trial found the comedian guilty Thursday of all three counts.
The second-generation Spectacles Snap unveiled Thursday appear to try to address some of the problems in the first model. Snapchat is also collaborating with Lensabl to offer prescription and polarized lenses for customers in the US.
Owner and general manager Jerry Jones says Witten hasn't made a final decision and wanted the weekend to think about his future. Witten was drafted by the Cowboys in the third round of the 2003 NFL Draft after a college career at Tennessee .
In the meantime, the rebel-run Al-Masirah TV says Saturday's missiles hit their targets with "excessive accuracy". The Houthis have previously fired missiles targeting the Saudi mainland, including the capital, Riyadh .
Strong surface high pressure will anchor itself off the East Coast as a strong upper level ridge builds across the East Coast. Sunshine and even warmer than yesterday with a high of 72° can be lovely clear and mild tonight 44° winds will be light.
On Tuesday, the Armenians honor the memory of people killed in the genocide, which started in Ottoman Empire in 1915. The US president, just as before, used an Armenian term translated as "a great tragedy".
Elsewhere in the interview , he took aim at "lying" James Comey , the Federal Bureau of Investigation and the Justice Department. Trump earlier denied any knowledge of a $130,000 payment made by Cohen to Daniels before the 2016 election.
If the LCD model is $200 cheaper than the OLED models, it will be due to certain cost-cutting measures, the report adds. As for the two OLED models, there's no name that makes sense other than iPhone X and iPhone X Plus .
Marathon Petroleum Corporation (MPC) Analysts See $0.24 EPS
Globeflex Capital L P acquired a new stake in shares of Marathon Petroleum during the fourth quarter valued at $987,000. Leavell Investment Management Inc bought 7,000 shares as the company's stock rose 9.83% while stock markets declined.
Deutsche Bank ekes out profit, refocuses investment bank
According to Zacks, "On the NYSE, shares of Deutsche Bank have underperformed the industry, over the past six months". Deutsche Bank will be scaling back operations in bond sales and equities trading, particularly in the U.S. and Asia.
Ten people killed in Toronto van attack
Graham Gibson says he is prohibited from discussing a possible motive because suspect Alek Minassian has been charged in the case. He underwent basic training but did not perform well and failed to complete the process, requesting to be released after 16 days.
In Warning to Trump, Senators Advance Bill to Protect Mueller
Despite the bipartisan vote, there's still no clear passage for the legislation to move forward beyond the Judiciary Committee. Some senators voted against the bill because they thought it was an unconstitutional infringement on executive branch power.
Ford Is 'Transitioning' to Just 2 Car Models
The company has previously hinted at scaling back in its consumer auto department in favor of two other markets: trucks and SUVs. Hackett says the multi-year transition will leave the iconic Mustang and a redesigned Focus crossover as Ford's remaining cars.