Reliance Industries Ltd (RELI.BO)
21 Oct 2016
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: 2017 Outlook: Indian Telecommunications Services https://www.fitchratings.com/site/re/888991 SINGAPORE, October 20 (Fitch) Fitch Ratings expects the Indian telcos' credit profiles to weaken amid intense competition and high capex requirements in 2017. Pricing power could be eroded as incumbents retaliate against new entrant Reliance Jio's (part of Reliance Industries Ltd (BBB/Stable)) cheaper data tar
MUMBAI India's oil-to-telecoms conglomerate Reliance Industries Ltd reported quarterly results on Thursday that were in-line with expectations, and said it expects refining margins to remain strong, driven by rising fuel demand.
* Jio telecoms unit adding half a mln customers a day (Adds details on outlook, Ambani comment)
* Sept quarter consol income from operations 816.51 billion rupees
MUMBAI, Oct 20 India's oil-to-telecoms conglomerate Reliance Industries Ltd posted a 22.9 percent drop in its second-quarter net profit, marginally missing analysts' estimates.
Indian shares ended higher on Thursday, tracking Asian peers, with financial stocks such as ICICI Bank Ltd contributing most to the gains on the indexes.
Oct 20 Indian shares rose on Thursday, after ending lower the previous day, with financial stocks such as ICICI Bank contributing most of the gains, while advances in Asian markets underpinned investor sentiment.
* Reliance Industries Ltd says intimation of the proposed shutdown of FCCU in SEZ from second week of November, 2016
- Note: Reuters has not verified this story and does not vouch for its accuracy
Oct 13 Indian shares fell on Thursday, dragged lower by heavyweights such as Reliance Industries as well as financial and technology stocks, signalling low risk appetite among investors ahead of some key company results.