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Reliance Retail sees Q1 net profit more than double year-on-year

Retail, India’s biggest organised-sector retailer, saw its net profit more than double year-on-year to Rs 962 crore in the June quarter, although mobility and business curbs through the period under review caused sequential profit moderation in the vertical. In the year-ago period, profit was at Rs 431 crore. Revenue was up 22% on-year to Rs […]

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RIL’s energy telecom arms make up for retail blip easing of curbs will be a boost

Better spreads on energy products and robust subscriber-led growth in the telecom business helped , India’s biggest company by market value, offset the impact of a temporary revenue moderation in its retail vertical through the June quarter, which coincided with the second viral wave and strict mobility curbs. RIL reported an operating profit of Rs

RIL’s energy telecom arms make up for retail blip easing of curbs will be a boost Read More »

Jio Platforms’ net profit rises 45% on the back of new subscribers and higher data usage

Jio Platforms (JPL) net profit rose 44.9% on-year in the April-June quarter, driven by strong mobile phone subscriber additions and higher data consumption. For the fiscal first quarter, JPL’s consolidated net profit stood at RS 3,651 crore compared with RS 3,510 crore at March-end, and RS 2,519 crore a year ago, the company said in

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‘Not fun’: Northwest heat wave builds all-time records fall

PORTLAND, US: Oregon’s largest city broke its all-time heat record on Saturday. It could beat the new mark on Sunday. Forecasters say many Pacific Northwest communities may sweat through the hottest days in their histories as as temperatures soar during a heat wave that has sent residents scrambling for relief. Stores sold out of portable

‘Not fun’: Northwest heat wave builds all-time records fall Read More »

‘Not fun’: Northwest heat wave builds all-time records fall

PORTLAND, US: Oregon’s largest city broke its all-time heat record on Saturday. It could beat the new mark on Sunday. Forecasters say many Pacific Northwest communities may sweat through the hottest days in their histories as as temperatures soar during a heat wave that has sent residents scrambling for relief. Stores sold out of portable

‘Not fun’: Northwest heat wave builds all-time records fall Read More »

Asian tropical coastlines most vulnerable to rising seas: Study

SINGAPORE: Tropical nations will face more coastal inundation from a rise in sea levels due to climate change than other countries, according to new research that also more than doubles the number of people estimated to be impacted. Using land elevation data gathered by laser pulses beamed by satellite to Earth, scientists identified coastal areas

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Nearly two-thirds of global drowning deaths occur in Asia Pacific: WHO report

NEW DELHI: Nearly two-thirds of global drowning deaths occur in the Asia Pacific, said a World Health Organization (WHO) report. WHO on Friday launched its first Regional Status Report on Drowning Prevention in the South-East Asia and Western Pacific regions. During the launch of the report, Dr Poonam Khetrapal Singh, Regional Director, South-East Asia, WHO

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Uttarakhand HC questions state government on stone crushing policy, Real Estate News, ET RealEstate

Uttarakhand HC NAINITAL: The Uttarakhand high court (HC) on Thursday questioned the state government on its stone crushing policy and the fact that it is yet to demarcate residential, silent and industrial zones. The court observed that it is “surprised that the state is having such a casual attitude about its own future”. The bench

Uttarakhand HC questions state government on stone crushing policy, Real Estate News, ET RealEstate Read More »

CCI rejects complaint against Larsen & Toubro in realty case

The Competition Commission of India (CCI) has rejected allegations of anti-competitive methods against diversified group Larsen & Toubro with regard to a housing project in Bangalore as it found no evidence of unfair practices in the case. The complaint was filed by South City Group Housing Apartment Owners Association,representing members of the housing complex located

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UK’s Workspace sees some signs of recovery in demand in London Real Estate News ET RealEstate

Representative Image BENGALURU: UK office space provider Workspace said on Thursday its occupancy in London had started to pick up from pandemic lows, although rents were still under pressure as businesses were in no rush bring all their employees back. The company, which caters mostly to small and medium-sized enterprises and entrepreneurs and last month

UK’s Workspace sees some signs of recovery in demand in London Real Estate News ET RealEstate Read More »

Bangalore realty: On expansion mode

Sanjay Chugh Bangalore has been the fastest-growing city of India since the past few decades. IT has been the major growth driver and is responsible for aggressive real estate development in the city. Bangalore has a multi-cultural population with good social infrastructure,excellent educational institutes and constantly upgrading physical infrastructure. Currently,the most promising residential micro-markets are

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