RELIANCE INDUSTRIES LTD POSTED RECORD QUARTERLY PROFIT

On Friday, Indian company Reliance Industries Ltd posted record quarterly profit. Its consumer-facing businesses observed a double-digit growth. It cushioned the weakness in its energy divisions.

In the December quarter, revenue at its retail and telecom units, each jumped more than 25%. The company is headed by Mukesh Ambani. He is Asia’s richest man. He invests heavily to bring them on par with its dominant petrochemicals and....