Reliance Industries Ltd

Reliance Jio Q1 FY25 reports positive signs for its future prospects, Reliance Jio IPO awaited!

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Reliance Jio Q1 FY25 reports Reliance Jio IPO awaited!

Reliance Jio, the telecom arm of Reliance Industries Limited (RIL), reported a strong performance in Q1 FY25, with a 12% year-on-year increase in net profit to ₹5,445 crore. This growth was driven by a 10.33% rise in operating revenue to ₹26,478 crore, primarily due to an increase in subscribers and data consumption. Reliance Jio Q1 Read more: Reliance Jio Q1 FY25 reports positive signs for its future prospects, Reliance Jio IPO awaited!..

RIL shareholders approved deal of retail unit’s $4.3B lease to JFS

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RIL shareholders approved deal

Reliance Industries Ltd shareholders have approved the $4.3 billion deal between its subsidiaries, Jio Financial Services and Reliance Retail. The deal involves Jio Financial acquiring equipment worth ₹360 billion (approximately $4.3 billion) from Reliance Retail. This move is aimed at facilitating JFS’s entry into the device leasing business. Reliance Industries shareholders have approved the $4.3 Read more: RIL shareholders approved deal of retail unit’s $4.3B lease to JFS..