Bollywood diva Janhvi Kapoor recently gave a sneak peek of Radhika Merchant’s pink-themed bridal shower. Merchant will tie the knot to Reliance Industries Ltd scion Anant Ambani in July. Kapoor shared photos of the intimate pajama party on Instagram.
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Reliance Industries Ltd reported a 9.3% YoY growth in consolidated net profit to Rs 17,265 crore for Q3. The better-than-expected results were supported by strong performances from the digital and retail businesses, which offset weakness in the oil-to-chemicals segment. The company’s quarterly results have exceeded market expectations, providing optimism for investors on Dalal Street.
Reliance Industries Ltd is expected to see year-on-year growth in earnings for the quarter ended December, but the growth is expected to be in single digits due to a weak performance by the oil-to-chemicals business. The digital business, housed under Reliance Jio Infocomm, is expected to have continued its good performance, while the retail business is also expected to have performed well in the last quarter.
Walt Disney Co. is in preliminary discussions with potential buyers, including billionaires Gautam Adani and Kalanithi Maran, for its India streaming and television business. Private equity funds have also expressed interest. Disney is exploring strategic options for its business in India, including an outright sale or setting up a joint venture.
