Top headlines: RIL Q1 profit surges 46%, MoD bans imports from 18 platforms

Public procurement by public sector undertakings (PSUs) from micro and small enter­prises rose nearly 11 per cent year-on-year (YoY) to Rs 41,699 crore in the fiscal year 2020-21

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company’s owners) of Rs 17,955 crore for the quarter ended June 30, 2022 (Q1), up 46.3 per cent over the year-ago period. The company has also warned that a global recession can hurt oil refining margins, flagging the possibility of more pain ahead after the owner of world’s largest refining complex posted a lower-than-expected profit

RIL Q1 net profit surges 46% YoY to Rs 17,955 crore; revenue jumps 57%

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company’s