In the third quarter of fiscal 2023-24, Reliance Industries Ltd (RIL) reported 10.9 percent year on year growth in net profit to Rs 19,641 crore, boosted by its retail, Jio, oil & gas divisions. The Mukesh Ambani led company posted consolidated revenues in the October to December quarter at
Reliance Brands through its wholly owned UK subsidiary RBUK has entered into a joint venture with UK-based Superdry PLC. The JV will acquire Superdry’s intellectual property assets for India, Sri Lanka, and Bangladesh. RBUK will own 76 percent and Superdry the rest of the JV entity and the consideration for the IP is £40 million. […]