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Mukesh Ambani flags economic pain in his books as virus devastates India


Mukesh Ambani flags economic pain in his books as virus devastates India
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Mukesh Ambani flags economic pain in his books as virus devastates IndiaBy P R Sanjai and Dhwani Pandya, Bloomberg
Last Updated: May 01, 2021, 08:07 AM IST
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The disclosure underscores the impact India’s deep humanitarian and health care crisis is having on its citizens billionaires or not either through desperate pleas on social media for oxygen or via the earnings of large conglomerates.
Reuters
Reliance Industries Ltd., India’s largest company by market value and one that’s considered a bellwether for the broader economy, said it hasn’t escaped a devastating new wave of the coronavirus and warned of more pain unless the surge is quickly curbed. ....

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RIL's Q4 net increases over 2X to near Rs 15k crore


RIL’s Q4 net increases over 2X to near Rs 15k crore
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RIL’s Q4 net increases over 2X to near Rs 15k crore
TNN / May 1, 2021, 05:27 IST
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MUMBAI: Fourth quarter profit of Reliance Industries (RIL), India’s largest company in terms of market value, more than doubled after growing 129% to Rs 14,995 crore, benefiting from higher price realisations in its digital services (Jio) and retail businesses. Profit also included a one-time gain of Rs 797 crore, which it made from the sale of US shale assets. RIL had posted a one-time loss of Rs 4,267 crore in Q4FY20. Revenue edged up 11% to Rs 1.5 lakh crore, it said on Friday. ....

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