gas to oil switch (Singapore GRMs at over USD7/bbl vs USD3 in H1) 2) higher gas realization in H2 are at USD6.13/mmbtu (H1 USD3.62) and 3) improving retail profitability trend as pandemic concerns ease. Recent tariff hikes and launch of 4G Jio Phone will accelerate digitization and drive customers to shift from 2G. All round recovery in global economic activity augurs well for all RIL's business segments and we believe RIL is well positioned to incubate new business and pursue inorganic opportunities with its liquid BS. Maintain...