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Reliance Industries Limited announced impressive figures for FY27, with consolidated gross revenue peaking at Rs 3,62,268 crore. The company experienced a remarkable profit growth of 33.8%, reaching Rs 29,550 crore, largely due to a stellar 67.9% rise in oil-to-chemicals segment EBITDA. While retail revenue saw a 6.4% improvement, challenges persisted in that sector. Moreover, the quarter's capital expenditure of Rs 38,153 crore predominantly targeted O2C and New Energy.
As concerns rise over the Nasdaq 100, which faces risks surpassing $2 trillion this month, investors are questioning the viability of major AI investments. With firms like Meta and Alphabet boosting their spending projections, uncertainties around profitability loom large. However, positive results from Microsoft and SpaceX provide a hopeful contrast to an otherwise declining market.