Business News

Reliance Industries reports 12.79% year-on-year rise in net profit for second quarter of 2017-’18

But the company’s telecom unit, Reliance Jio, posted a loss of Rs 271 crore for the July-September period.

The Mukesh Ambani-led conglomerate Reliance Industries Limited on Friday reported a 12.79% rise in net profit for the July-September 2017 quarter, compared to the same period in 2016, The Economic Times reported. Reliance Industries posted a profit of Rs 8,097 crore for the second quarter of the 2017-’18 financial year, up from Rs 7,179 crore in the corresponding quarter in 2016.

The consolidated total income of the company increased 15.89% year-on-year to Rs 97,402 crore in the second quarter of 2017, as against Rs 84,044 crore in the corresponding period in 2016.

The Gross Refining Margins increased to a nine-year high of $12 (Rs 777) per barrel in the second quarter, compared to $10.1 (Rs 654) per barrel in the same period in 2016. The Gross Refining Margin is the difference between the value of goods produced by an oil refinery and the price of the raw material (crude oil) used in manufacturing these goods.

However, Reliance Industries’ telecom unit Reliance Jio posted a loss of Rs 271 crore for the second quarter.

“Our company reported another quarter of robust performance. I am delighted to share that this includes the financial performance of Reliance Jio,” Reliance Industries chairperson Mukesh Ambani said about the results. “It also reflect the strong underlying fundamentals of our refining and petrochemicals businesses. Our retail business has delivered broad based, sustainable and profitable growth through improved operational excellence.”

We welcome your comments at
Sponsored Content BY 

Advice from an ex-robber on how to keep your home safe

Tips on a more hands-on approach of keeping your house secure.

Home, a space that is entirely ours, holds together our entire world. Where our children grow-up, parents grow old and we collect a lifetime of memories, home is a feeling as much as it’s a place. So, what do you do when your home is eyed by miscreants who prowl the neighbourhood night and day, plotting to break in? Here are a few pre-emptive measures you can take to make your home safe from burglars:

1. Get inside the mind of a burglar

Before I break the lock of a home, first I bolt the doors of the neighbouring homes. So that, even if someone hears some noise, they can’t come to help.

— Som Pashar, committed nearly 100 robberies.

Burglars study the neighbourhood to keep a check on the ins and outs of residents and target homes that can be easily accessed. Understanding how the mind of a burglar works might give insights that can be used to ward off such danger. For instance, burglars judge a house by its front doors. A house with a sturdy door, secured by an alarm system or an intimidating lock, doesn’t end up on the burglar’s target list. Upgrade the locks on your doors to the latest technology to leave a strong impression.

Here are the videos of 3 reformed robbers talking about their modus operandi and what discouraged them from robbing a house, to give you some ideas on reinforcing your home.


2. Survey your house from inside out to scout out weaknesses

Whether it’s a dodgy back door, a misaligned window in your parent’s room or the easily accessible balcony of your kid’s room, identify signs of weakness in your home and fix them. Any sign of neglect can give burglars the idea that the house can be easily robbed because of lax internal security.

3. Think like Kevin McCallister from Home Alone

You don’t need to plant intricate booby traps like the ones in the Home Alone movies, but try to stay one step ahead of thieves. Keep your car keys on your bed-stand in the night so that you can activate the car alarm in case of unwanted visitors. When out on a vacation, convince the burglars that the house is not empty by using smart light bulbs that can be remotely controlled and switched on at night. Make sure that your newspapers don’t pile up in front of the main-door (a clear indication that the house is empty).

4. Protect your home from the outside

Collaborate with your neighbours to increase the lighting around your house and on the street – a well-lit neighbourhood makes it difficult for burglars to get-away, deterring them from targeting the area. Make sure that the police verification of your hired help is done and that he/she is trustworthy.

While many of us take home security for granted, it’s important to be proactive to eliminate even the slight chance of a robbery. As the above videos show, robbers come up with ingenious ways to break in to homes. So, take their advice and invest in a good set of locks to protect your doors. Godrej Locks offer a range of innovative locks that are un-pickable and un-duplicable. To secure your house, see here.

The article was produced by the Scroll marketing team on behalf of Godrej Locks and not by the Scroll editorial team.