{"id":310974,"date":"2020-01-18T10:27:57","date_gmt":"2020-01-18T04:57:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310974"},"modified":"2020-01-18T10:51:46","modified_gmt":"2020-01-18T05:21:46","slug":"ril-revenues-decline-2-5-in-q3-reliance-retail-jio-boost-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-revenues-decline-2-5-in-q3-reliance-retail-jio-boost-profit\/","title":{"rendered":"RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit"},"content":{"rendered":"<p>Mukesh Ambani-controlled Reliance Industries\u2019 (RIL\u2019s) good performance in its new-age digital and retail businesses compared to the traditional oil and petrochemicals has started showing in its numbers with the group announcing a marginal 3.6 per cent year-on-year (YoY) increase in RIL\u2019s profit before tax at Rs 14,962 crore for the December-ended quarter. <\/p>\n<p>On the planned sale of 20 per cent in the oil-to-chemicals business to Saudi Aramco, officials refused to comment on the timeline for its definitive agreement. \u201cIt is not a deal that will get done by March. We cannot comment on the timelines of (definitive agreement),\u201d said V Srikanth, joint chief financial officer, RIL. <\/p>\n<p>The deal is valued at $15 billion and expected to help reduce the company\u2019s debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-controlled Reliance Industries\u2019 (RIL\u2019s) good performance in its new-age digital and retail businesses compared to the traditional oil and petrochemicals has started showing in its numbers with the group announcing a marginal 3.6 per cent year-on-year (YoY) increase in RIL\u2019s profit before tax at Rs 14,962 crore for the December-ended quarter. On the planned sale of 20 per cent in the oil-to-chemicals business to Saudi Aramco, officials refused to comment on the timeline for its definitive agreement. \u201cIt is not a deal that will get done by March. We cannot comment on the timelines of (definitive agreement),\u201d said V [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-310974","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=310974"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310974\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}