News digest: RIL's Q3 show, India's first BS-VI car, bitcoin, and more

The income tax department has sent notices to thousands of cryptocurrency investors across the country, seeking additional details on the money invested in the virtual currency during demonetisation

Jio, petrochemicals power RIL's Q3 show, net profit rises 25% to Rs 94.2 bn

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion. The Mukesh Ambani-led conglomerate, at a consolidated level, posted a net profit of Rs 94.23 billion during the quarter under review, as against Rs 75.33 billion during the quarter ended December 2016. Read more

I-T notices to cryptocurrency investors on suspicion of tax evasion

The income tax