SocGen to cut about 40 branches in France by 2027, source says

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• BT cuts almost 8,000 jobs amid sweeping cost-saving programme

  The telecoms group has centered its operational pullback heavily within Openreach as the pace of nationwide fibre broadband construction begins to decelerate. Lower operating costs helped drive a double-digit rise in half-year pre-tax profits, sending London-listed shares to five-year highs. Chief executive Allison Kirkby is steering the business toward deeper long-term workforce reductions while expanding market reach through targeted domestic acquisitions.

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• Signature Global clocks Rs 67 cr profit in Q2 vs loss yr ago, revenue rises over 2-fold

  Strong housing demand in Gurugram and positive buyer interest in premium offerings, including the Tonino Lamborghini Residences, fueled a significant turnaround for the real estate developer. The company is pairing this operational momentum with strategic land acquisitions in Farrukhnagar to sustain long-term project pipelines. Bolstered by comfortable liquidity, leadership plans to aggressively pursue ongoing regional growth.

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• Glenmark Pharma Q2 Results: Net profit plunges 56% to Rs 264 crore, revenue down at Rs 4,247 cr

  The drugmaker faced a sharp contraction in quarterly earnings alongside resolving legacy legal matters in its key North American market. Leadership emphasized that long-term strategic plans remain intact despite the weaker operational performance. Sustained commercial momentum across domestic and emerging markets, coupled with novel pipeline rollouts, is expected to steady future operations.

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