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RIL rallies over 2% post Q3 results; brokerages see up to 18% upside in 12 months Reliance Industries Ltd   (RIL) rose as much as 2.5 percent in morning trade on Monday, after the oil & gas major reported a consolidated profit growth of 16.2 percent QoQ (25.1 percent year-on-year) at Rs 9,423 crore for October-December quarter, driven by petrochemical and Jio businesses. Consolidated revenue from operations during the quarter grew 7.8 percent quarter-on-quarter (21.75 percent YoY) to Rs 1,02,500 crore, aided by volume increase with the start-up of petrochemicals projects and increase in prices in refining and petrochemical businesses. Most brokerages maintain their buy recommendation on the stock but raised their 12-month target prices to Rs1125 levels which translate into a rise of 18 percent from current levels. CLSA: BUY| Target raised to Rs1125 from Rs1080 CLSA maintains a buy recommendation on RIL but raised a target price to Rs1125 from Rs1080 levels. T...

India Prime Minister Narendra Modi during the inauguration of a section of Delhi Metro in Noida, 25 kms east of New Delhi on December 25, 2017. India is set to emerge as the world's fifth largest economy by overtaking Britain and France, a report by a global forecaster showed on Tuesday. And, India will emerge as the world's third largest economy by 2027, the report by the Centre for Economics and Business Research (Cebr) said. "The World Economic League Table shows that despite temporary setbacks from demonetisation and the introduction of the new GST, India's economy has caught up with that of France and the UK and in 2018 will overtake them both to become the world's fifth largest economy in dollar terms," Cebr deputy chairman Douglas McWilliams said. India is projected to surpass Britain to become the world's fifth largest economy in 2018.Source Forbes "On some cost of living adjusted measures India is already the world...