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European stocks rose on Friday, heading for small weekly gains, as investors focused on corporate earnings to assess the impact of US tariffs on businesses. The STOXX 600 index climbed 0.3% to 548.84 points, set for its second weekly gain. Other major indexes, including Germany's DAX, France's CAC40, and Britain's FTSE 100, also saw modest increases. Swedish defense company Saab jumped 12.7%, leading the STOXX 600, after reporting better-than-expected second-quarter earnings and raising its sa ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooper ...Read More >
MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for India from Sweden's Electrolux as it looks to expand market share in the consumer durables space, stepping up competition against global and local giants such as Samsung and Tata's Voltas in the market.Reliance Retail has already been holding manufacturing and distribution rights for the brand in India since 2019 through a licensing deal signed with its Swedish owner. The company did not disclose the financial specifics of ...Read More >
New Delhi, Jul 18 (PTI) The Congress accused the CBI on Friday of going soft in its probe against Pharmacy Council of India (PCI) Chairman Montu Patel in an alleged multi-crore-rupee scam. Addressing a press conference at the All India Congress Committee (AICC) headquarters here, Rajya Sabha MP and party spokesperson Shaktisinh Gohil alleged that the CBI did not present all the facts before the court that led to Patel getting interim protection from arrest. He said it took the Central Bureau o ...Read More >
New Delhi: Reliance Retail Ventures Ltd, Reliance Industries Ltd's retail arm, on Friday reported a consolidated profit of ₹3,271 crore for the April-June first quarter, up 28.3% from a year ago. Revenue from operations grew 11.3% year-on-year to ₹73,720 crore. Reported ebitda at ₹6,381 crore was up 12.7% year-on-year, while ebitda margin improved further by 20 bps year-on-year to 8.7%. Ebitda, a measure of core operations, stands for earnings before interest, taxes, depreciation, and amortizat ...Read More >
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