Jio Launches Exchange Offer for JioFi With Rs. 2200 Cashback
Jio Launches Exchange Offer for JioFi With Rs. 2200 Cashback
Reliance Jio to hire 80000 people in FY 2019
29 April, 2018, 00:58
It had posted a loss of Rs 17.34 crore in the March quarter of 2016-17. The conglomerate's new businesses made healthy contributions to its performance.
The RIL stock was trading at Rs998 at 9.20 am, up 2.32 % from the previous day.
On a segmental basis, the EBIT for petrochemical business was Rs 6,435 crore against Rs 5,753 crore posted during the previous quarter.
Reliance Jio is planning to recruit about 75,000 to 80,000 people during this financial year, as revealed by a senior official on the sidelines of an event organized by the Society of Human Resources Management.
The company said its total Profit After Tax (PAT) in the petrochemicals segment almost doubled to Rs 6,435 crore during the fourth quarter ended March from Rs 3,441 crore in the corresponding quarter. The owner of world's largest refining complex earned $11 on turning every barrel of crude oil into fuel in January-March as against a gross refining margin (GRM) of $11.5 in the same period a year ago. During the quarter that ended on March 31, 2018, Jio users consumed a record 506 crore GB of 4G data which resulted in 17.4% QoQ growth in terms of data consumption. The operator claims the battery lasts up to 6 hours.
"The overall environment has been good, with a good demand for polymer and polyester", RIL Joint CFO V Srikanth said at a press conference. Coming to the earnings before interest, taxes, depreciation, and amortization (EBITDA) it was recorded at Rs 2,694 crore, up by 2.5 per cent from Rs 2,628 crore. Revenue grew by 105% year-on-year to Rs 69,198 crore from Rs 33,765 crore. "At this level of production, we would have around 35 million tonnes in FY19", he told reporters. "Petrochemicals has done well driven by higher volume and better margins; this improved in the fourth quarter and should continue in the new financial year", he said. "We believe that the recent surge in oil prices would improve the economics of RIL's petcoke gassification project, which in turn would benefit refining margins".
On attrition rate in the company, he said it was about 32 percent in the sales and technical areas related to constructions sites.
RIL's share price at the BSE today closed at Rs 994.75, up 1.9 per cent as compared to previous close.
The currency is up 1.5 percent against the dollar this year and just 0.3 percent higher on a trade-weighted basis. The council left the short-term interest benchmark at zero and the deposit rate at minus 0.4 percent.
Benchmark U.S. crude oil rose 30 cents to $68.35 a barrel in electronic trading on the New York Mercantile Exchange. The S&P/Case-Shiller index rose a seasonally adjusted 0.5% and was up 6.3% compared with a year ago in February.
Also, analyst Jun Zhang has reiterated previous reports which had suggested the three iPhone models that could release this year. Rumors have pointed to a 5.8-inch model as well as a 6.5-inch iPhone X Plus , both of which will feature OLED displays.
And from what I understand they're looking at his businesses", Trump responded. "It is an absolute disgrace", Trump said . Trump, meanwhile, on Thursday sought to distance himself from Cohen, his lawyer and fixer for over a decade.
And the BMW ActiveHybrid X6 presented in 2009 was the world's first Sports Activity Coupe with a full-hybrid drive system. The version of the fifth-generation electric motor developed for the SAV generates maximum output of over 200 kW/270 hp.
India are scheduled to play 309 days of cricket from 2019 to 2023, including 19 Tests at home compared to 15 in the last cycle. In 2009, the entire tournament was shifted to South Africa while in 2014, the first part of the league was held in the UAE.
Spencer said a prescription drug drop box will be available for anyone who wants to turn in medication "no questions asked". Mary Parish Sheriff's Office will participate Saturday in National Drug Take Back Day.
Trump will decide by May 12 whether to restore the sanctions, which would probably result in a reduction of Iranian oil exports. Increases in the USA currency make dollar-priced oil more expensive for holders of other currencies.
For ZTE, which is now subject to a seven-year ban on business with U.S. companies, shares have been suspended from trading. After all, Huawei has been in the USA government's cross hair perhaps longer than ZTE.
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