ITV

Tag: RIL

  • Balaji may formalise RIL stake purchase at 16 Aug EGM

    MUMBAI: Balaji Telefilms, in a communique to the BSE and the National Stock  Exchange, intimated about its extraordinary general meeting to be held on 16 August at “The Club”, 197, Juhu Versova Link Road, Opp.  D. N. Nagar  Police Station, Andheri (W), Mumbai- 400 053, Maharashtra.  The  cut-off   date   for   determining  the  shareholders  eligible   for   e-voting  is 9 August, 2017..

    The meeting proposes to conduct special business. Increase in authorised share capital: To consider and,  if thought fit, to pass, with or without modification, the following resolution as Ordinary Resolution: “Resolved that, in accordance with Sections 4, 13 and  61 and  other applicable provisions, if any, of the Companies Act, 2013 and  rules made thereunder, and  applicable provisions of the Articles of Association of the Company and  any other applicable law or laws,  rules  and  regulations (including  any  amendments thereto or re-enactment thereof  for the  time being in force),  the authorised share capital  of the Company be and  is hereby increased from Rs. 260 million divided  into 100 million equity  shares of Rs.  2  each and  30 million Preference Shares of Rs. 2 each to Rs. 360 million  divided into 150 million Equity Shares of Rs. 2 each and  Rs. 60 million divided  into 30 million Preference Shares of Rs. 2 each.

    Issue of 25.2 million equity shares on a preferential allotment / private placement basis: To consider and  if thought fit, to pass, with or without modification, the resolution as a Special Resolution: Balaji is seeking consent of the  members of the  company to create, issue, offer and  allot 2,52,00,000 equity  shares of the  Company of the  face  value  of Rs. 2/- each (“Equity Shares”) at a price  of Rs. 164/- which includes a premium of Rs. 162/- per Equity Share aggregating to Rs. 4.13 billion to Reliance Industries Limited in accordance with ICDR Regulations.

    ALSO READ :

    Reliance Industries buys Balaji Telefilms stake for Rs 4.13 bn

    ALTBalaji is essentially everything that Balaji on TV is not: Sameer Nair

     

  • Reliance Jio capex at Rs 18k cr in Q1-18, Retail’s solid performance in FY-17

    BENGALURU: The Mukesh Dhirubhai Ambani headed Reliance Industries Limited (RIL) reported its financial performance for the quarter / year ended 31 March 2017 (Q4-17/FY-17, current quarter/current year). RIL’s digital venture Reliance Jio Infocomm Limited (Jio) has been touted as the largest startup in the world with investments announced to the tune of Rs 1,50,000 crore. The company plans capex at Rs 18,000 crore for Q1-18. The company says that capex investments will drop sharply from Q2-18 onward. This is indeed a huge sum, when one considers the fact that its nearest peer and the largest telecom operator in terms of subscriber base until Jio overtook it, Bharti Airtel Limited (Airtel), had capex of Rs 20,591.9 crore during the entire financial year 2016. It may be noted that Airtel has operations in other geographies besides India, and the capex number mentioned above includes those countries also. RIL claims that Jio contributes to more than 80 percent of data consumption in India.

    Further, RIL plans capex of Rs 2,500 crore for fiscal 2018 for its organized retail segment – Reliance Retail Limited (Retail segment) that had a phenomenal performance during FY-17. Reliance Retail reported revenue of Rs 33,765 crore for fiscal 2017, 60.2 percent more than the Rs 21,075 crore reported in the previous year. Quarter-on-quarter (q-o-q), the segment’s revenue in Q4-17 at Rs 10,332 crore was 18.9 percent more than the Rs 8,688 crore in Q3-17 and year-on-year (y-o-y) it was 83 percent more than the Rs 5,646 crore in Q4-16.

    The Retail segment’s EBIT in FY-17 at Rs 784 crore (2.3 percent EBIT margin) was 55.6 percent more than the Rs 504 crore (2.4 percent EBIT margin) in the previous year. Q4-17 EBIT at Rs 243 crore (2.4 percent EBIT margin) was 5.2 percent more that Rs 231 crore (2.7 percent EBIT margin) and 89.8 percent more y-o-y than Rs 128 crore (2.3 percent EBIT margin).

    The Retail segment’s Business PBIT in FY-17 at Rs 1,203 crore was 40.4 percent more than the Rs 857 crore in FY-16. Business PBIT in Q4-17 at Rs 366 crore was 9.9 percent more q-o-q than Rs 333 crore and 65.6 percent more y-o-y than Rs 221 crore.

    RIL’s Revenue (turnover) increased by 12.3 percent in FY-17 to Rs 3,30,180 crore from Rs 2,93,298 crore in FY-16. The company’s revenue increased 10.3 percent q-o-q to Rs 92,889 crore in Q4-17 as compared to Rs 84,189 crore and increased 45.2 percent y-o-y from Rs 63,954 crore.

    Overall RIL reported record annual consolidated net profit of Rs 29,901 crore in FY-17, up 18.8 percent as compared to the Rs 25,171 crore in FY-16. Consolidated net profit for Q4-17 at Rs 8,046 crore was 6.8 percent higher q-o-q as compared to Rs 7,533 crore and was 12.3 percent higher y-o-y than the Rs 7,167 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 31 December 2016 (Q3-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q3-17 says that Jio has created a world record by crossing 5 crore (50 million) subscribers in 83 days of operations. The company says that this subscriber addition rate is the fastest achieved by any company in the world including the likes of Facebook, WhatsApp and Skype. It says further that Jio continues its rapid ramp up of subscriber base and as of 31 December 2016, in less than 4 months from commencement of services, there were 7.24 crore or 72.4 million subscribers on the network.

    Ambani, said, “I am also delighted by our country’s eagerness to adopt to a digital life as witnessed by the record breaking launch of Jio. Its comprehensive ecosystem has enabled millions of Indians to lead a richer life through its offerings.”

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 47.2 percent year-over-year (y-o-y) to Rs 8,688 crore as compared to Rs 5,901 crore and increased 7.5 percent quarter-over-quarter (q-o-q) from Rs 8,079 crore. 

    The segment’s EBIT increased 55 percent y-o-y to Rs 231 crore from Rs 149 crore and increased 42.6 percent q-o-q from Rs 162 crore.

    The company says that overall impact from demonetization has been positive for core retail business with favourable long-term implications for modern trade. It says further that according to Nielsen, Reliance Fresh and Smart stores grew faster than the modern trade during the demonetization period and its share of trade went up from 26.2 percent pre demonetization to 27.8 percent post demonetization

    RIL says that during the quarter, Reliance Retail added 111 stores across various store concepts. As on 31 December 2016, Reliance Retail operated 3,553 stores across 686 cities with an area of over 13.25 million square feet.

    RIL numbers

    RIL achieved a turnover of 84,189 crore ($ 12.4 billion), an increase of 16.1 percent, as compared to Rs 72,513 crorein the corresponding period of the previous year. The company says that increase in revenue is primarily on account of increase in prices of refining and petrochemical products led by 13 percent increase in Brent crude prices. Turnover was also boosted by robust growth in retail business.

    Operating profit before other income and depreciation increased by 2.7 percent on a y-o-y basis to Rs 11,552 crore ($ 1.7 billion) from Rs 11,248 crore in the previous year. The company attribute the growth to strong operating performance from petrochemicals businesses, sustained strength in refining business and favourable exchange rate movement. This was partially offset by losses in Oil & Gas business due to lower volumes and weak domestic price environment.

    Profit after tax was higher by 3.6 percent at Rs 7,506 crore ($ 1.1 billion) as against Rs 7,245 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 25.4 as against Rs 24.6 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    Q3-17: Reliance: Jio busts records, organized retail op profit grows 55 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 31 December 2016 (Q3-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q3-17 says that Jio has created a world record by crossing 5 crore (50 million) subscribers in 83 days of operations. The company says that this subscriber addition rate is the fastest achieved by any company in the world including the likes of Facebook, WhatsApp and Skype. It says further that Jio continues its rapid ramp up of subscriber base and as of 31 December 2016, in less than 4 months from commencement of services, there were 7.24 crore or 72.4 million subscribers on the network.

    Ambani, said, “I am also delighted by our country’s eagerness to adopt to a digital life as witnessed by the record breaking launch of Jio. Its comprehensive ecosystem has enabled millions of Indians to lead a richer life through its offerings.”

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 47.2 percent year-over-year (y-o-y) to Rs 8,688 crore as compared to Rs 5,901 crore and increased 7.5 percent quarter-over-quarter (q-o-q) from Rs 8,079 crore. 

    The segment’s EBIT increased 55 percent y-o-y to Rs 231 crore from Rs 149 crore and increased 42.6 percent q-o-q from Rs 162 crore.

    The company says that overall impact from demonetization has been positive for core retail business with favourable long-term implications for modern trade. It says further that according to Nielsen, Reliance Fresh and Smart stores grew faster than the modern trade during the demonetization period and its share of trade went up from 26.2 percent pre demonetization to 27.8 percent post demonetization

    RIL says that during the quarter, Reliance Retail added 111 stores across various store concepts. As on 31 December 2016, Reliance Retail operated 3,553 stores across 686 cities with an area of over 13.25 million square feet.

    RIL numbers

    RIL achieved a turnover of 84,189 crore ($ 12.4 billion), an increase of 16.1 percent, as compared to Rs 72,513 crorein the corresponding period of the previous year. The company says that increase in revenue is primarily on account of increase in prices of refining and petrochemical products led by 13 percent increase in Brent crude prices. Turnover was also boosted by robust growth in retail business.

    Operating profit before other income and depreciation increased by 2.7 percent on a y-o-y basis to Rs 11,552 crore ($ 1.7 billion) from Rs 11,248 crore in the previous year. The company attribute the growth to strong operating performance from petrochemicals businesses, sustained strength in refining business and favourable exchange rate movement. This was partially offset by losses in Oil & Gas business due to lower volumes and weak domestic price environment.

    Profit after tax was higher by 3.6 percent at Rs 7,506 crore ($ 1.1 billion) as against Rs 7,245 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 25.4 as against Rs 24.6 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Jio extends HNY free data offer up to 31 March ’17

    Jio extends HNY free data offer up to 31 March ’17

    MUMBAI: Taking a significant lead over the incumbent telecom operators, Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani today showed some more `datagiri’ while announcing a slew of new offers and initiatives that all had an underline themes of Digital 2017 and Happy New Year (HNY).

    Ambani, while addressing RIL employees and stakeholders in a meeting, revealed that starting 4 December 2016, every new Jio user will get data, voice, video and the full bouquet of Jio applications free till 31 March, 2017. He also added that all the existing customers will get extended benefits of Jio Happy New Year offer on the existing SIMs.

    Speaking about Jio’s success, India’s richest man said that it was the fastest-growing technology company in the world. He said that the e-KYC (know your customer or the customer verification process) allowed the activation of SIM within five minutes — the fastest experience for SIM activation in the world.

    Ambani said that Jio successfully rolled out e-KYC across 200,000 outlets in India, which is nearly equal to ATMs in India. “We are in the process of doubling this network to 400,000 digitally enabled outlets by March of 2017,” he added.

    RIL CMD also mentioned that, in the first three months, Jio has grown faster than Facebook, Whatsapp or Skype. “In 83 days, Jio added 50 million customers on its 4G LTE all-IP wireless broadband network.”

    However, swelling subscriber numbers are also a burden on the infrastructure; especially when 50 million+ customers vie to take full advantage of the free Jio `Welcome Offer.”
    On an average, a Jio customer, as per claims, is using 25 times more data than the average Indian broadband user. And, Jio signed up over 600,000 customers every day for the past three months. According to Ambani, a Jio customer today is consuming data “on par” with and, in many cases, “more” than sophisticated users anywhere in the world.

    Still, admitting that Reliance has found out few issues with data speed on Jio network, Ambani said that about eight per cent of Jio towers experienced “congestion” due to “abnormally high data usage, which resulted in customers served by such telecom towers experienced lower data speeds.

    “While 92 per cent of our base stations and customers have been experiencing consistently high data speeds, we are working to de-congest these eight per cent towers, so that impacted customers go back to experiencing true-4G speeds. On the whole, Jio is not only delivering four times more data than all other Indian telecom operators combined, but also much faster throughputs than any other mobile network in India.”

    Reliance Jio, which has been at loggerheads with other telecom operators and also the telcos’ apex industry body COAI, is now playing the customer card having announced expansions and new initiatives like digital wallet/money.

    Dwelling on indifferent to bad voice services on Jio network, Ambani took a pot-shot at competition: “While customers have shown unprecedented love for Jio services, we have not received the required support from existing operators. In the last three months, nearly 9000 million voice calls from Jio customers to the networks of our three largest competitors were blocked… We thank the government and regulator for enforcing the licence conditions.”

    Targeting the high-end customers, who, probably, don’t have time to go to a Jio store to acquire a SIM card and want to retain their existing phone numbers, Reliance is offering SIM delivery at home and full number portability. “I am happy to inform that Jio now fully supports mobile number portability,” Ambani said, adding free home delivery and e-KYC features were being launched across India through the MyJio application to be available in the top 100 cities by 31 December 2016.

  • Jio extends HNY free data offer up to 31 March ’17

    Jio extends HNY free data offer up to 31 March ’17

    MUMBAI: Taking a significant lead over the incumbent telecom operators, Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani today showed some more `datagiri’ while announcing a slew of new offers and initiatives that all had an underline themes of Digital 2017 and Happy New Year (HNY).

    Ambani, while addressing RIL employees and stakeholders in a meeting, revealed that starting 4 December 2016, every new Jio user will get data, voice, video and the full bouquet of Jio applications free till 31 March, 2017. He also added that all the existing customers will get extended benefits of Jio Happy New Year offer on the existing SIMs.

    Speaking about Jio’s success, India’s richest man said that it was the fastest-growing technology company in the world. He said that the e-KYC (know your customer or the customer verification process) allowed the activation of SIM within five minutes — the fastest experience for SIM activation in the world.

    Ambani said that Jio successfully rolled out e-KYC across 200,000 outlets in India, which is nearly equal to ATMs in India. “We are in the process of doubling this network to 400,000 digitally enabled outlets by March of 2017,” he added.

    RIL CMD also mentioned that, in the first three months, Jio has grown faster than Facebook, Whatsapp or Skype. “In 83 days, Jio added 50 million customers on its 4G LTE all-IP wireless broadband network.”

    However, swelling subscriber numbers are also a burden on the infrastructure; especially when 50 million+ customers vie to take full advantage of the free Jio `Welcome Offer.”
    On an average, a Jio customer, as per claims, is using 25 times more data than the average Indian broadband user. And, Jio signed up over 600,000 customers every day for the past three months. According to Ambani, a Jio customer today is consuming data “on par” with and, in many cases, “more” than sophisticated users anywhere in the world.

    Still, admitting that Reliance has found out few issues with data speed on Jio network, Ambani said that about eight per cent of Jio towers experienced “congestion” due to “abnormally high data usage, which resulted in customers served by such telecom towers experienced lower data speeds.

    “While 92 per cent of our base stations and customers have been experiencing consistently high data speeds, we are working to de-congest these eight per cent towers, so that impacted customers go back to experiencing true-4G speeds. On the whole, Jio is not only delivering four times more data than all other Indian telecom operators combined, but also much faster throughputs than any other mobile network in India.”

    Reliance Jio, which has been at loggerheads with other telecom operators and also the telcos’ apex industry body COAI, is now playing the customer card having announced expansions and new initiatives like digital wallet/money.

    Dwelling on indifferent to bad voice services on Jio network, Ambani took a pot-shot at competition: “While customers have shown unprecedented love for Jio services, we have not received the required support from existing operators. In the last three months, nearly 9000 million voice calls from Jio customers to the networks of our three largest competitors were blocked… We thank the government and regulator for enforcing the licence conditions.”

    Targeting the high-end customers, who, probably, don’t have time to go to a Jio store to acquire a SIM card and want to retain their existing phone numbers, Reliance is offering SIM delivery at home and full number portability. “I am happy to inform that Jio now fully supports mobile number portability,” Ambani said, adding free home delivery and e-KYC features were being launched across India through the MyJio application to be available in the top 100 cities by 31 December 2016.

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17

  • Ambani talks about RIL’s media & entertainment empire

    Ambani talks about RIL’s media & entertainment empire

    MUMBAI: When one of India’s richest billionaires starts talking about what most consider as a small media & entertainment business, juxtaposing it against the Rs 300,000 crore he generates out of oil and gas, it’s a statement of how much it has come to mean to him.

    At the RIL AGM on 1 September chairman Mukesh Ambani outlined the scale of Reliance Industries Ltd’s (RIL’s) M&E business.

    “We own 58 channels the highest number by an Indian company and we are aggressively investing in it along with global leaders such as Viacom, CNBC, CNN Forbes, and A+E Networks,” he said with aplomb.

    11 of these channels are overseas but they are Indian and catering to the diaspora globally. Network18 contributes 21 of these in the form of news channels reaching out national and regional viewers, in 18 states and 11 languages. The entertainment and infotainment TV business it has set up in partnership with global majors such as Viacom and A+E has 26 channels.

    “Our television network reaches out to more than 500 million viewers every month, that is two out of every five Indians,” he explained. “Colors is amongst the top two channels in India, while Nick and MTV are top players in their genres.”

    He was pretty kicked up about the reach of online websites under the Network18 umbrella. “They attract over 27 million unique visitors every month which is the largest in India,” he exclaimed.

    He also spoke about the fact that online shopping and ticketing sites such as bookmyshow have got the highest traction in the country.

  • Ambani talks about RIL’s media & entertainment empire

    Ambani talks about RIL’s media & entertainment empire

    MUMBAI: When one of India’s richest billionaires starts talking about what most consider as a small media & entertainment business, juxtaposing it against the Rs 300,000 crore he generates out of oil and gas, it’s a statement of how much it has come to mean to him.

    At the RIL AGM on 1 September chairman Mukesh Ambani outlined the scale of Reliance Industries Ltd’s (RIL’s) M&E business.

    “We own 58 channels the highest number by an Indian company and we are aggressively investing in it along with global leaders such as Viacom, CNBC, CNN Forbes, and A+E Networks,” he said with aplomb.

    11 of these channels are overseas but they are Indian and catering to the diaspora globally. Network18 contributes 21 of these in the form of news channels reaching out national and regional viewers, in 18 states and 11 languages. The entertainment and infotainment TV business it has set up in partnership with global majors such as Viacom and A+E has 26 channels.

    “Our television network reaches out to more than 500 million viewers every month, that is two out of every five Indians,” he explained. “Colors is amongst the top two channels in India, while Nick and MTV are top players in their genres.”

    He was pretty kicked up about the reach of online websites under the Network18 umbrella. “They attract over 27 million unique visitors every month which is the largest in India,” he exclaimed.

    He also spoke about the fact that online shopping and ticketing sites such as bookmyshow have got the highest traction in the country.