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Tag: Reliance

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Reliance Retail Records 114% Profit In Q3

Improved margins drove profit before depreciation, interest and taxes (PBDIT) by 114 per cent year-on-year at Reliance Retail during the third fiscal quarter ending December 31, 2014. Reliance Retail said it posted its highest ever profit before PBDIT in the reporting quarter at Rs. 227 crore, up an astounding 114 per cent from a year […]

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Sorona Fibre Saris By DuPont

Fashionistas and sari connoisseurs were present at the launch of first collection of saris made with DuPont Sorona fibre, which was displayed at a fashion show in Delhi. Mr. Balvinder S Kalsi, president, South Asia & ASEAN, DuPont and Mr. Vikram Prabhu, regional director, DuPont Industrial Biosciences spoke about how the fabric has been developed […]

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RIL’s JV with China’s Shandong Ruyi in Textile Business

Reliance Industries today announced a joint venture with China’s USD-three billion Shandong Ruyi Science and Technology Group to reposition its textile business. As per the agreements, RIL will transfer its existing textile business into the newly incorporated JV for which it will receive cash consideration. However, the companies did not disclose the financial details of […]

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