Second Take

Hamish McDonald launches a sequel to his Dhirubhai Ambani saga

When Hamish McDonald,...

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Dumb and Dumber

Television has always been the opiate of the American masses, but now it looks like the fog is...

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RIL Q2 net up 27.8% to Rs4,923 crore

Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) today reported a 27.8% growth in its net profit at Rs 4,923 crore for the July-September quarter this fiscal.

In the year-ago period, the company had a net profit of Rs 3,852 crore in the year-ago period, RIL said in a filing to the Bombay Stock Exchange (BSE).

The company's total turnover increased to Rs57,479 crore for the second quarter ended 30 September 2010 from Rs46,848 crore in the same quarter last fiscal.

As on 30th September, RIL had a strong cash position of Rs13,636 crore.

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