💨 Abstract
Reliance Industries reported a 7.4% increase in Q3 profit, surpassing expectations, driven by strong retail demand and higher telecom tariffs. The telecom unit, Reliance Jio Infocomm, saw a 24.4% profit rise due to tariff hikes and 5G subscribers. The retail unit also saw a near 7% revenue growth amid India's festive season.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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