Reliance Industries reported a 6.4% increase in its March-quarter net profit, driven by strong performances in its oil-to-chemicals and consumer-facing businesses. Jio Platforms saw a 25.7% rise in net profit, fueled by tariff hikes and subscriber growth. RIL’s board has approved raising ₹25,000 crore through NCDs and acquiring Kandla GHA Transmission Ltd.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.