Reliance Retail, the division of the Indian company Reliance Industries,...

Reliance Retail, the division of the Indian company Reliance Industries, had a 53 percent plunge in sales for the previous year to 2.91 billion Indian rupees (€51.7m-$62.0m) as the recession hit hard, and some stores were closed. However, it recorded a profit after tax of INR 1.82 billion (€32.3m-$38.8m), its ...

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