Thursday, 24 May, 2018

Jio Launches Exchange Offer for JioFi With Rs. 2200 Cashback

Reliance Jio recruitment 2018 RJio to hire 80,000 employees now Reliance Jio to hire 80000 people in FY 2019
Stacy Houston | 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.

Denmark awaits verdict on whether Kim Wall was murdered
Her dismembered remains were found at sea 11 days later, on 21 August previous year . - September 5. Her work had already been published in The Guardian , The New York Times , Vice and Time Magazine.

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.

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