Reliance Industries net profit rose 6.8 per cent to Rs. 10,104 crore in June quarter compared with profit of Rs. 9,459 crore a year earlier, the company said in a stock exchange filing.
Domestic stock markets gave up early gains on Friday amid weakness in auto stocks, despite advances in Asian peers.
Finance minister Nirmala Sitharaman on Thursday sought to allay fears on super-rich tax and defended the increase in the effective tax rate, saying the high net-worth individuals should contribute more towards nation-building.
The S&P BSE Sensex and NSE Nifty 50 Indexes snapped their three day winning streak paced by losses in Yes Bank, Tata Motors, Reliance Industries, Tata Consultancy Services and State Bank of India.
S&P BSE Sensex and NSE Nifty 50 Indexes were little changed as gains in HDFC, Kotak Mahindra Bank, Larsen & Toubro and Bajaj Finance were offset by losses in Infosys, Hindustan Unilever, Tata Motors and Sun Pharma.
Domestic stock markets edged higher on Tuesday amid volatile trade, tracking mild gains in Asian peers.
As markets shift to cleaner energy sources, India has been declared as the cheapest producer of solar energy by International Renewable Energy Agency's survey.
Former CEA Arvind Subramanian Friday criticised the RBI for its regulatory failures, saying its Financial Stability Reports never mentioned about the possible liquidity crisis in the IL&FS, one of the largest NBFC in the country.
Stock markets started Friday's session on a higher note but with cautious trade, a day after the 50-scrip benchmark index Nifty snapped a three-day losing streak.
Enforcement Directorate, ED has provisionally attached properties worth over 24 crore rupees of accused Mehul Choksi in Punjab National Bank Fraud Case.
Tycoon Anil Ambani plans to raise about Rs 21,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt.