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Reliance Industries’ net up 4.4 percent

Published

9 years ago

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Mumbai: Reliance Industries on Friday reported a net profit of Rs.6,222 crore (around $1billion) for the first quarter of the current financial year, which was up 4.4 percent over Rs.5,957 crore in the like quarter of last year.

But the company’s turnover declined 23 percent to Rs.83,064 crore from Rs.107,905 crore during the periods under review, the company said in a regulatory filing with the exchanges.

“Our financial performance reflects the benefits of integrated hydrocarbon chain activities in a benign oil price environment,” chairman and managing director Mukesh Ambani said in a statement.

“The sharp increase in demand for transportation fuels helped us realize strong refining margins. Oil product demand globally is estimated to have grown at over 1.6 million units year-on-year, resulting in high refinery runs across all regions,” he said in the statement.

“Our petrochemicals business recorded a strong quarterly performance supported by high operating rates and margin strength in the ethylene chain. In our retail business, we have reached significant milestones over the past couple of years and continue the high growth trajectory for this business.”

The company attributed the decline in revenue to a 43.3 percent year-on-year decline in benchmark (Brent) oil price.

Exports from its Indian operations were also lower by 44.9 percent at Rs.36,717 crore, as against Rs.66,600 crore in the corresponding period of the previous year due to lower product prices in line with lower crude oil prices.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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