India’s Reliance posts record $1-billion Q1 profit

Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first- quarter, fuelled by a strong petrochemicals performance. Reliance, controlled by the country’s wealthiest man Mukesh Ambani, announced net profit for the three months to June climbed by a better-than-expected 13.7% to 59.57 billion rupees ($1 billion) in the same […]