India's Reliance Industries surge on earnings beat
MUMBAI Jan 21 (Reuters) - Shares of Indian conglomerate Reliance Industries Ltd rose 4.2 percent in pre-open trade, after posting a better-than-expected 24 percent jump in third-quarter net profit.
The company on Friday posted its first profit increase after four quarters of declining returns, buoyed by improving margins in its core oil refining business. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage