India’s Reliance quarterly profit surges 78%, tops view

Indian billionaire Mukesh Ambani’s Reliance Industries beat estimates for quarterly profit on Friday, powered by strong growth in its energy, retail and digital services businesses.

India needs to boost its petrochemical output to counter China’s dominance, Reliance says

Consolidated profit soared 78.3% to 269.94 billion rupees ($3.14 billion)for the quarter ended June 30, beating analysts’ average estimate of 198.59 billion rupees, according to data compiled by LSEG.