Reliance Industries Ltd (RIL), India’s biggest company by market capitalization, reported a 29.7% increase in consolidated net profit for the July-September quarter on account of higher sales and the robust overall performance of its businesses.
India’s equity benchmarks rebounded on Friday in a relief rally, snapping their six-day losing run, as traders perceived the recent fall in the market to be excessive in the near term.
Tata Electronics Pvt Ltd (TEPL), the Tata Group’s manufacturing arm, is acquiring Winston’s operations in India for $125 million (₹1,000 crore). That will make it the first Indian company to manufacture Apple iPhones.
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