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Reliance jio, mukesh ambani, IUC, Bharti Airtel, Vodafone Idea, TRAI, Telecom regulator, indian telecom market, jio 4g servicesTelecom arm Jio also reported strong numbers, posting a profit of Rs 990 crore.

Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday posted a profit of Rs 11,262 crore results for the second quarter of the financial year 2019-20. Telecom arm Jio also reported strong numbers, posting a profit of Rs 990 crore. Reliance Industries reported Q2 results below street estimates last year. RIL had reported a net profit of Rs 9,516 crore, up 17 percent on-year.  RIL today added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade. The company’s market valuation zoomed to Rs 9,05,214 crore on the BSE during the day. However, at the close of trade, the company’s market capitalization (m-cap) settled at Rs 8,97,179.47 crore.



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