Reliance Jio, the telecom division of the Mukesh Ambani-led Reliance Industries conglomerate, announced a 28.1 per cent increase in profit to ₹ 4,518 crore on Friday in the September quarter as a result of higher subscriber growth. That is a solid start for Mukesh Ambani's son Akash Ambani, who succeeded the Indian billionaire as chairman of Jio in late June. Akash Ambani, a non-executive director at Reliance Jio, was appointed chairman of the board of directors after Mukesh Ambani resigned from the board. In a regulatory filing, India's biggest telecom carrier by subscribers said its net profit stood at ₹ 3,528 crore in the same previous fiscal period. The revenue from operations jumped 20.2 per cent to ₹ 22,521 crore for the just-ended quarter, from ₹ 18,735 crore in the year-ago period. Source - NDTV