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Reliance Misses Profit Estimate on Weak Petrochem, Tax Outgo

(Bloomberg) -- Reliance Industries Ltd., led by billionaire Mukesh Ambani, posted a lower-than-expected quarterly profit as a continued weakness in its petrochemicals business and higher taxes offset growth in its consumer unit and a large surge in other income.Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsRay Dalio’s Famous Trade Is...
Bloomberg Businessweek Mukesh Ambani Morgan Stanley Satviki Sanjay Advait Palepu Energy Giga
Source: yahoo.com

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