Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
Germany's left-leaning, Social Democrats Party (SPD) won in the German federal election with over 25 per cent votes, but uncertainty remains over the next leader as results showed that the party won narrowly.
Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
This will be the third 'grand coalition' between the ruling CDU and the SPD since 2005.
RIL will shut a 325,000 barrels per day crude distillation unit (CDU) at J-1 from July 3, a company statement said.
Germany's political establishment rushed to defend a deal with Greece on Monday to negotiate a third bailout, with Chancellor Angela Merkel's lieutenants selling the agreement as a victory for Europe that her conservatives can support.
The company restarted CDU-I on Thursday, an industry source said. Earlier this month the company had said it would partially shut down the refinery (J-1) for 2-3 weeks to carry out maintenance work.
Thomas Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.
Riding a wave of public support, German Chancellor Angela Merkel on Monday made a hat trick as she led her Christian Democratic Union to a "super victory" in parliamentary elections, but fell short of absolute majority.
To tackle acute shortage of skilled workers, Germany has agreed to open its labour market for specialists from non-EU countries, including India, by easing the minimum salary requirement to obtain a residence permit.
The chancellor travelled in a VIP helicopter of the federal police to Oldenburg in the state of Baaden Wuerttemberg to attend an election campaign rally of her Christian Democratic Union (CDU) party on Wednesday evening.
Major R S Ghumman, who came under the scanner of the UN's Conduct and Discipline Unit (CDU) after he was allegedly found in the company of sex workers in a hotel there on July 6, tried to end his life "over the humiliation" he faced, army sources in the headquarters said in New Delhi on Saturday.
Merkel has pledged to reduce Germany's already low unemployment, and is offering modest tax cuts.
Select games will also be streamed live on the MyCricket Facebook page to a global audience, including one of the semi-finals and the grand final on Monday, June 8.
Prime Minister Narendra Modi has been voted as the seventh most popular leader in the world in a new poll topped by US President Barack Obama.
Angela Merkel was today sworn in as German Chancellor for a rare third term to govern Europe's biggest economy after she painstakingly forged a deal with her centre-left rivals to end three months of post-election limbo.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
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