The Latest Breaking News from RS

Chairman Venkaiah Naidu refuses to admit notices by members to debate fuel price hike and general strike call given by trade unions and atrocities against Dalits in Rajasthan

Given current market volatility, which is largely owing to the possibility of aggressive interest rate hikes later this year and rising oil prices, momentum stocks ITOCHU (ITOCY), Reliance Steel (RS), Univar (UNVR), and Danaos (DAC) could be wise bets now. These companies’ robust revenue and earnings growth should help their…

Reliance Steel & Aluminum Co (NYSE:RS) reported fourth-quarter sales growth of 86.9% year-over-year to $3.99 billion, beating the consensus of $3.83 billion. The gross margin contracted by 180 bps to 31.2%, and on an adjusted basis, declined by 140 bps to 31.5%. The operating income increased to $562.2 million from $183.4 million a…

The European Union should consider sanctions on Bosnia's autonomous Serb Republic (RS) and also withhold financial support if the Balkan country's crisis continues to worsen, according to an internal EU document seen by Reuters.

SET-listed RS announced yesterday the acquisition of the entire business of Unilever Life (ULife), a direct sales business unit of the global consumer product conglomerate Unilever, with an investment of roughly 880 million baht.

Both the Houses continued with the Motion of Thanks on the President's address for the third consecutive day and are took up Private Members' Legislative Business.

Rajya Sabha Chairman M Venkaiah Naidu on Thursday complimented the MPs for a 'disruption-free' day in the House on Wednesday during the debate on Motion of Thanks to the President and hoped that the spirit will continue to prevail throughout the session.

In the Lok Sabha, the Opposition cornered the government on issues of Pegasus, MGNREGS among others, while the BJP praised various initiatives of the Government

Steel companies benefited from sky-high steel prices in 2021. And although analysts expect steel prices to take a downward trajectory this year, they are expected to remain reasonably high. Furthermore, the industry is expected to witness robust demand on anticipated strong manufacturing activity. Thus, it could be wise to scoop…