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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 Sputtering an ....

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Ambani's Reliance Misses Profit Estimate on Petrochemicals Drag

Ambani's Reliance Misses Profit Estimate on Petrochemicals Drag
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