INSUBCONTINENT EXCLUSIVE:
Reuters: Indian oil-to-retail conglomerate Reliance Industries Ltd said on Friday its telecoms business Jio reported its second straight
quarterly net profit since its launch nearly two years ago, as its cut-price plans continue to attract subscribers
Reliance Jio Infocomm Ltd, which sparked a price war and pushed the telecom sector into consolidation by launching its services in September
2016, made a profit of 5.10 billion rupees ($76.43 million) in the quarter ended March 31, compared to a profit of 5.04 billion rupees in
the previous quarter.Reliance Industries' profit on a standalone basis - which includes the company's refining,petrochemicals and oil and
gas exploration and production businesses - stood at 86.97 billion rupees in the quarter, up from 81.51 billion rupees a year earlier.That
2018(Except for the headline, this story has not been edited by staff and is published from a syndicated feed.)
