When other Indian tycoons were greedy, the richest of all was hesitant, even fearful. But now that most of his rivals have fallen on the swords of their debt-fueled hubris, Mukesh Ambani is preparing to pounce.
Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) announced a 23% fall in its net profit at Rs 7,206 crore for the second quarter ended September 30, 2016 as against Rs 9,345 crore in the same period a year ago. The last year Q2 profit was higher on the back of income from sale of RIL’s US shale gas assets.
Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Thursday laid out his plans to unveil a 4G mobile network in the country, including making all domestic voice calls and roaming free, while asserting that data would be priced well below its competitors
At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59-year-old is India’s richest man, and his Reliance Industries oil & gas group is the country’s most profitable.
Team EnergyInfraPost With falling crude oil prices boosting the company’s refining and petrochemical margins, India’s largest private sector energy company–Reliance Industries Ltd on April 22nd, 2016 reported its highest quarterly net profit in eight years at Rs 7,398 crores representing a 16% jump in earnings for the three-month period ended March 31. RIL is the operator […]