Monday, August 26, 2019 | ePaper

India's Reliance reports 6.8% rise in profits

  • Print
AFP, Mumbai :
Indian conglomerate Reliance Industries on Friday reported a 6.8 percent rise in consolidated net profit despite a slowdown in its oil refining business.
The Mumbai-based company owned by Asia's richest man Mukesh Ambani said its consolidated net profit for the three months through June rose to 101.05 billion rupees ($1.47 billion) from 94.59 billion rupees reported for the same quarter a year earlier.
"Our first-quarter earnings were strong despite weak global macro-economic environment and challenging hydrocarbon market conditions," Ambani said in a statement.
He added that growth in the company's retail and telecoms operations helped boost overall revenues.

More News For this Category

Anwar Hossain Chowdhury, Chairman, Board of Directors of Islamic Finance and Investment Limited (IFIL), presiding over its 255th meeting at its head office in the city on Sunday. S M Bakhtiar Alam, Vice-Chairman, Rezakul Haider, EC Chairman, Mohammed Nurul Amin, Audit Committee Chairman, Anis Salahuddin Ahmad, Hossain Mahmud, Liaquat Hossain Moghul, KBM Moin Uddin Chisty, Directors and A Z M Saleh, CEO of the company were also present.

Anwar Hossain Chowdhury, Chairman, Board of Directors of Islamic Finance and Investment Limited (IFIL), presiding over its 255th meeting at its head office in the city on Sunday. S M Bakhtiar Alam, Vice-Chairman, Rezakul Haider, EC Chairman, Mohammed Nurul Amin, Audit Committee Chairman, Anis Salahuddin Ahmad, Hossain Mahmud, Liaquat Hossain Moghul, KBM Moin Uddin Chisty, Directors and A Z M Saleh, CEO of the company were also present.

.

S.Africa rare earths mine hopes for boost from US-China feud

AFP, Steenkampskraal :It's old, doesn't look like much and is located well out the way in an arid part of western South Africa.But the Steenkampskraal Mine may be about

Costco bets on international appetite for first Chinese store

AFP, Shanghai :The US retail giant Costco is diving into the thorny area of food retail in China with its first store opening this week, but analysts warn it

US committed for reforming WTO: White House

TASS, Washington :The US is committed to achieve reforms to the World Trade Organization (WTO), the fact sheet published by the White House in the run-up to US President

Japan, US reach broad agreement on trade deal: Reports

AFP, Tokyo :Japan and the United States have reached a broad agreement in trade negotiations, reports said Sunday, with the leaders of both countries expected to hold talks on

Farman R Chowdhury, Managing Director of Al-Arafah Islami Bank Limited, attended a program on 'Orientation Course on Banking' at the bank's Training and Research Institute in the city on Sunday. Md. Abdur Rahim Duary, Principal of the Institute, Touhid Siddique, Vice President and Mohammad Mujibur Rahman, Assistant Vice-President of the bank were also present.

Farman R Chowdhury, Managing Director of Al-Arafah Islami Bank Limited, attended a program on 'Orientation Course on Banking' at the bank's Training and Research Institute in the city on Sunday. Md. Abdur Rahim Duary, Principal of the Institute, Touhid Siddique, Vice President and Mohammad Mujibur Rahman, Assistant Vice-President of the bank were also present.

.

Professor Md. Anwarul Azim Arif, Chairman, Board of Directors of Social Islami Bank Limited (SIBL), inaugurating its ATM booth at Dhamairhat in Rangunia in Chattogram on Sunday. Quazi Osman Ali, Managing Director, Mohammad Forkanullah, Chattogram Regional Head of the bank and local elites were also present.

Professor Md. Anwarul Azim Arif, Chairman, Board of Directors of Social Islami Bank Limited (SIBL), inaugurating its ATM booth at Dhamairhat in Rangunia in Chattogram on Sunday. Quazi Osman Ali, Managing Director, Mohammad Forkanullah, Chattogram Regional Head of the bank and local elites were also present.

.

IIAB gets new bosses

IIAB gets new bosses

Business Desk :Mohammad Iqbal Hossain, Controller of Defense Finance and M Nurul Alam, CEO of MNA Associates, have been elected as President and Secretary General of the Institute of

Service trade shoots up by 31pc in FY19

Economic Reporter :Annual value of the country's trade services shoot up by around 31 per cent in the past fiscal year (FY19), according to the latest statistics of the

Enayet Karim reelected GEF President

Enayet Karim reelected GEF President

Business Desk :Dr. Enayet Karim has been re-elected President of the Global Economist Forum (GEF), a permanent general consultant organisation of the United Nations under its Economic and Social