India In-Focus — Reliance Industries profit surges; Budget carrier Akasa opens bookings

RIYADH: India’s Reliance Industries Ltd. on Friday reported a 46.3 percent jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.

The Mukesh Ambani-led conglomerate said consolidated profit rose to 179.55 billion rupees ($2.25 billion) in the three months ended June 30 compared with 122.73 billion rupees a year earlier.