Reliance Retail has fully acquired the Kelvinator brand in India from Electrolux, aiming to strengthen its position in the competitive home appliances market. This acquisition, following a licensing agreement since 2019, allows Reliance Retail to directly manage and expand Kelvinator’s presence, intensifying competition with major players like Samsung and Voltas. Electrolux gained approximately $18.5 million…
SEBI is considering changes to scheme categorization, potentially allowing sectoral debt funds and investments in REITs and InvITs. The regulator is also exploring solution-oriented life cycle fund of funds with lock-in periods for goals like retirement. These funds could shift asset allocation over time, becoming more conservative as the target date approaches, with modifications to…
Reliance Industries reported a 76% surge in quarterly profit, reaching Rs 30,681 crore, driven by gains from stake sales and robust growth across its O2C, retail, and digital services. Jio’s strong performance, with an ARPU of Rs 209 and a large customer base, significantly contributed to the overall positive results.
Los Angeles Lakers eye Atlanta Hawks’ Onyeka Okongwu. This move follows Kristaps Porzingis’s arrival in Atlanta. Okongwu’s role might diminish. Lakers see a trade opportunity. He offers defense and rebounding. His contract is team-friendly. Lakers could offer draft picks and young players. Okongwu fits Lakers’ championship goals. The team needs frontcourt help after trading Anthony…
Ahaan Panday and Aneet Padda’s film ‘Saiyaara’ has made a strong debut. The movie earned Rs 20 crore on its first day. It surpassed initial box office predictions. The film performed well in several Indian cities. Trade analysts attribute the success to fresh casting and emotional storytelling. ‘Saiyaara’ has outperformed other films including Hollywood releases.
Aamir Khan and Genelia D’Souza’s ‘Sitaare Zameen Par’ has completed 29 days in theaters, grossing ₹163.40 crore. Despite a strong initial performance, the film’s earnings have slowed in its fifth week, facing competition from new releases like ‘Saiyaara,’ which had a promising debut. Aamir Khan has refused OTT release for big screen experience for the…
Kireeti Reddy’s debut film ‘Junior,’ co-starring Sreeleela and Genelia D’Souza, had a decent opening, collecting over Rs 1.40 crore on its first day. The Telugu-Kannada bilingual film saw varied occupancy rates, with stronger turnout during Telugu night shows. While some criticized the predictable storyline, Kireeti’s dance skills and on-screen energy received positive feedback, with comparisons…
Donald Trump dismissed the Brics group as fading and threatened tariffs on nations aligning with its policies, claiming credit for weakening their efforts to rival the US dollar. He signed the GENIUS Act into law, establishing a regulatory framework for payment stablecoins and preventing a US central bank digital currency. Brics denies being anti-American, despite…
The Hockey Canada sexual assault trial has concluded. The case involves five former World Junior hockey players. They pleaded not guilty to charges from a 2018 incident in London, Ontario. The Crown argued the complainant did not consent. The defense questioned her credibility. Justice Maria Carroccia will deliver her verdict on July 24.
Taylor Swift and Travis Kelce’s relationship deepened recently when Swift’s father underwent a quintuple bypass surgery. Kelce reportedly provided unwavering support to Taylor and her family, taking on a caregiver role by checking in, ordering food, and easing the emotional burden. This crisis highlighted the strength of their bond, solidifying their connection beyond the public…
