A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai. Reuters
Rebutting rumours about the financial health of Reliance Group, its Chairman Anil D. Ambani on Tuesday said the Group has met debt servicing obligation of Rs 35,000 crore during the period from April 1, 2018 to May 31, 2019.
Reliance Industries’s June-quarter profit rose 7 per cent, as double-digit growth in the Indian conglomerate’s retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters.
Even though India boasts of universalisation of primary education, with almost 100 per cent Gross Enrolment Rate (2014-15), quality of education in the last decade has gone down. While ASER 2008 revealed that 50.6 per cent grade 3 children in India could read a grade 1 text, this number reduced to 42.5 per cent
The rise of Narendra Modi as the Prime Minister in 2014 was chiefly attributable to the confidence he inspired among the people on two counts — his personal integrity as a leader and his reputation for administering the government with a strong hand. These had become a dire necessity for the country.
Taiwan’s export orders contracted for an eighth straight month in June, with global companies increasingly hesitant to make new investments in machinery as the China-US trade war wears on.
South Korea’s Hyundai Motor on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift US income, while new models boosted domestic sales.
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter (Q2), putting its shares among the top performers in Europe on Monday.