Mumbai, Oct 14, 2024 (AFP) - India's Reliance profits drop on weak oil-to-chemicals arm

NAMPA / AFP

2024-10-14

Indian conglomerate Reliance Industries reported a drop in quarterly profits on Monday, weighed down by its core oil-to-chemicals arm even as its telecom division posted healthy growth. The oil-to-telecoms giant is led by Asia's richest man Mukesh Ambani and is India's most valuable company by market capitalisation. Net profit attributable to owners of the company came in at 165.63 billion rupees ($1.97 billion) for the July-September quarter, a......

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