Reliance Jio reports 24% rise in quarterly profit

The company's net profit for quarter ended June 30 came in at 43.35 billion rupees ($542.57 million), compared with 35.01 billion rupees in the same period a year ago, Jio said in a regulatory filing.

A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017. (REUTERS/File Photo)

Reliance Jio, the telecom arm of Mukesh Ambani-led conglomerate Reliance Industries, reported a 24% rise in quarterly net profit on Friday, as it added more subscribers.

The company’s net profit for quarter ended June 30 came in at 43.35 billion rupees ($542.57 million), compared with 35.01 billion rupees in the same period a year ago, Jio said in a regulatory filing.

($1 = 79.8970 Indian rupees)

India vs Pakistan Asia Cup trophy Mohsin Naqvi

India refuse to take Asia Cup winners’ trophy from PCB chief Mohsin Naqvi

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India refused to accept the Asia Cup trophy from Pakistan's Mohsin Naqvi, causing a delay in the presentation ceremony. Only three players collected their individual awards, while the team did not go up to the podium or pose with the trophy. The Pakistani players emerged an hour late, causing embarrassment.

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