Reliance reports record profit on strength of customers

MUMBAI: The Indian oil-to-telecommunications conglomerate Reliance Industries Ltd has posted another quarterly record profit, as double-digit growth in its energy divisions cushioned weakness in its consumer-facing business.

Revenue at its retail and telecommunications units jumped more than 25 per cent each in the quarter of December as the group, led by Asia's richest man, Mukesh Ambani, is investing heavily to balance them wit....