India In-Focus – Reliance Industries profits up; Budget carrier Akasa opens bookings

sun, 2022-07-24 16:55

RIYADH: India’s Reliance Industries Ltd on Friday reported a 46.3 per cent jump in its June-quarter profit as strong refining margins hit by exports of cheaper Russian crude and fuel hit its core oil-to-chemicals business.

The Mukesh Ambani-led conglomerate said consolidated profit rose to Rs 179.55 billion ($2.25 billion) in the three months ended June 30, from Rs 122.73 billion a year ago.

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