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The Latest Breaking News from RS

Reliance Steel & Aluminum Q4 Results Surpass Street Expectations, Hikes Dividend By 27%

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…

Benzinga

EU should consider sanctions on Bosnian Serbs if crisis worsens, document says

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.

Reuters

TRS MPs move privilege motion against PM Narendra Modi

HYDERABAD: Stepping up their attack on PM Narendra Modi for his comments on bifurcation of Andhra Pradesh in Parliament, TRS MPs on Thursday moved a privilege motion against him in both Rajya Sabha and Lok Sabha.

The Times of India

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RS announces takeover of ULife in B880m deal

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.

Bangkok Post

Parliament proceedings | February 4, 2022

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.

The Hindu

RS Chairman compliments MPs for 'disruption-free' day, hopes 'spirit will continue'

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.

Dynamite News

To condemn every man as rapist not advisable: Smriti Irani

NEW DELHI: Amid hearings in Delhi HC over criminalisation of marital rape, women and child development minister Smriti Irani told RS on Wednesday that while protection of women and kids was a priority, condemning every marriage as violent and every man as rapist was not "advisable".

The Times of India

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Parliamenr proceedings | February 2, 2022

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

The Hindu

What of 12 MLC names pending with governor: Shiv Sena MP Sanjay Raut

MUMBAI: Responding to the SC verdict setting aside suspension of 12 BJP MLAs, Shiv Sena MP Sanjay Raut asked why no sympathy was extended to the MVA government’s nomination for appointment of 12 legislators under the governor’s quota.

The Times of India

4 Quality Steel Stocks to Buy on the Dip

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…

StockNews.com

RS unveils M&A-fuelled B2bn expansion strategy

SET-listed RS Plc plans to allocate between 1-2 billion baht for new merger and acquisition (M&A) deals this year to create opportunities for growth and expand the ecosystem for the group.

Bangkok Post

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