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the world's largest asset manager, has completed a significant acquisition of Global Infrastructure Partners GIP for $12.5 billion, a combination of cash and stock.Upon the successful integration of GIP's portfolio, Adebayo Ogunlesi is set to join BlackRock s executive committee. the world's largest asset manager, has completed a significant acquisition of Global Infrastructure Partners GIP for $12.5 billion, a combination of cash and stock. Ogunlesi's role will be crucial in overseeing the seamless incorporation of GIP's assets into BlackRock's extensive portfolio.Upon the successful integration of GIP's portfolio, Adebayo Ogunlesi is set to join BlackRock s executive committee. the world's largest asset manager, has completed a significant acquisition of Global Infrastructure Partners GIP for $12.5 billion, a combination of cash and stock. Ogunlesi's role will be crucial in overseeing the seamless incorporation of GIP's assets into BlackRock's extensive portfolio.Upon the successful integration of GIP's portfolio, Adebayo Ogunlesi is set to join BlackRock s executive committee. the world's largest asset manager, has completed a significant acquisition of Global Infrastructure Partners GIP for $12.5 billion, a combination of cash and stock. Ogunlesi's role will be crucial in overseeing the seamless incorporation of GIP's assets into BlackRock's extensive portfolio.Upon the successful integration of GIP's portfolio, Adebayo Ogunlesi is set to join BlackRock s executive committee. the world's largest asset manager, has completed a significant acquisition of Global Infrastructure Partners GIP for $12.5 billion, a combination of cash and stock. Ogunlesi's role will be crucial in overseeing the seamless incorporation of GIP's assets into BlackRock's extensive portfolio. | BlackRock, the world's largest asset manager, acquired Global Infrastructure Partners (GIP) for $12.5 billion. Adebayo Ogunlesi, GIP's founder and CEO, will join BlackRock's executive committee to oversee the integration of GIP's portfolio into BlackRock's. |
Balaji Amines, Geojit Financial Services, Jyothy Labs,Indiabulls Housing Finance | Balaji Amines, Geojit Financial Services, Jyothy Labs, and Indiabulls Housing Finance are all companies listed on the stock exchange. |
The product will be manufactured at the group s formulation manufacturing facility in SEZ, Ahmedabad. | The product will be manufactured at the group's formulation manufacturing facility in the SEZ, Ahmedabad. |
The increased energy density of its batteries could be a game-changer for the EV industry by making electric cars more affordable and accessible to a broader range of consumers. These improvements are aimed at offering higher energy density, a move that could potentially reduce the costs of electric vehicles. Operational profit gains are anticipated as a result of subsidies from the Inflation Reduction Act, which aims to encourage companies to invest in clean energy technologies and production within the United States. | Increased battery energy density could make electric cars more affordable and accessible, while subsidies from the Inflation Reduction Act aim to boost operational profits for companies investing in clean energy technologies in the US. |
The coal linkage is available from 20 MTPA Talabira II & III OCP mines of NLC India which is already operational from the year 2020 in Jharsuguda and Sambalpur districts of Odisha. In a regulatory filing, NLC India said the 2,400 MW 3x800 MW pit head power project will come up at Jharsuguda District in Odisha based on Ultra Super Critical Technology. | NLC India has access to coal linkage from Talabira II & III OCP mines, which are operational since 2020 in Odisha. The company plans to establish a 2,400 MW pit head power project in Jharsuguda District, Odisha, utilizing Ultra Super Critical Technology. |
According to the data provided by the exchanges, ace investor Ashish Rameshchandra Kacholia bought 1.03 million shares at a price of Rs 161.59 per share. | Ace investor Ashish Rameshchandra Kacholia purchased 1.03 million shares at Rs 161.59 per share, as per data from exchanges. |
Members of Parliament from Japan Taro, Hideto, Susumu, Kazuhiro, Consul General in Bengaluru Nakane Tsutomu, and Deputy Consul General in Bengaluru Hokuto were among those who represented the delegation. | A delegation from Japan, including MPs Taro, Hideto, Susumu, Kazuhiro, and Consul Generals Nakane Tsutomu and Hokuto, visited Bengaluru. |
A class-action lawsuit has been filed against The Boeing Company NYSE BA by six passengers over improper manufacturing practices. | Six passengers have filed a class-action lawsuit against Boeing (NYSE: BA) alleging improper manufacturing practices. |
The commission is also set to investigate a petition submitted by the Semiconductor Energy Laboratory, a Japan-based entity, which claimed a battery patent infringement by a Chinese smartphone sold in South Korea. | The commission will investigate a patent infringement petition filed by Semiconductor Energy Laboratory against a Chinese smartphone sold in South Korea. |
Impendi's managing partner and CEO, Nathan MacCarter, expressed confidence that the merger with Accenture would allow them to deliver even greater value to clients. | Impendi's CEO, Nathan MacCarter, believes the merger with Accenture will enhance their ability to provide exceptional value to clients. |
Sanjeev Sharma can be reached at Sanjeev.s ians.in --IANSbiz san dpb | Sanjeev Sharma can be contacted via email at Sanjeev.s@ians.in. |
BlackRock, Norges Bank and Abu Dhabi Investment Authority were among the buyers in Aditya Birla Capital's sale of shares to institutional investors. | BlackRock, Norges Bank, and Abu Dhabi Investment Authority acquired shares in Aditya Birla Capital's institutional investor share sale. |
In contrast to the struggles faced by energy and gold mining firms, iron ore giants such as BHP, Fortescue Metals Group OTC FSUGY , and Rio Tinto NYSE RIO bucked the trend and registered gains. SYDNEY - The Australian stock market showed a mixed performance today as energy and gold mining sectors experienced notable declines, while major iron ore companies saw gains. | The Australian stock market witnessed a mixed performance, with energy and gold mining sectors facing declines, while iron ore giants BHP, Fortescue Metals Group, and Rio Tinto registered gains. |
Albula Investment Fund on Friday sold shares of Swan Energy for Rs 157 crore through an open market transaction. According to the block deal data available with the National Stock Exchange NSE , Albula Investment Fund offloaded 30.24 lakh shares, amounting to a 1.14 per cent stake in Swan Energy. Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE.Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. | Albula Investment Fund sold 1.14% stake in Swan Energy for Rs 157 crore through an open market transaction on Friday. Swan Energy shares rose 7.48% to close at Rs 563.60 on the NSE after the company took over management control of Reliance Naval & Engineering. |
In contrast to the struggles faced by energy and gold mining firms, iron ore giants such as BHP, Fortescue Metals Group OTC FSUGY , and Rio Tinto NYSE RIO bucked the trend and registered gains. | Iron ore giants BHP, Fortescue Metals Group, and Rio Tinto outperformed energy and gold mining companies, posting gains despite industry-wide struggles. |
Wells Fargo NYSE WFC stock fell 1.4 after the lender experienced higher-than-expected fourth-quarter costs, driven by severance charges and the bank's contribution to replenish the Federal Deposit Insurance Corp. s main fund following last year's bank failures. | Wells Fargo's stock fell 1.4% due to higher-than-expected fourth-quarter costs, including severance charges and a contribution to the FDIC's main fund. |
However, the company has decided to defer investments in the Albemarle Technology Park in North Carolina and limit sustaining capital expenditure to essential projects related to health, safety, environmental, and site maintenance. | The company has postponed investments in the Albemarle Technology Park in North Carolina and restricted capital expenditure to essential projects related to health, safety, environmental, and site maintenance. |
SYDNEY - Forecasts from major banks, including National Australia Bank OTC NABZY NAB and Rabobank, project that the Reserve Bank of Australia RBA will maintain the current cash rate at 4.35 in the upcoming February decision. | Major banks, including NAB and Rabobank, predict the Reserve Bank of Australia will maintain the cash rate at 4.35% in February. |
Its Taipei-listed shares closed down 0.3 on Wednesday ahead of the release of the sales data. | Taipei-listed shares of the company closed down 0.3% on Wednesday before the release of sales data. |
BASEL, Switzerland - H.B. Fuller NYSE FUL , a global leader in adhesive technologies, has achieved International Sustainability and Carbon Certification ISCC PLUS for its manufacturing facilities in L neburg and Nienburg, Germany. At the Nienburg site, recognized as a specialty chemical plant, several core adhesives, including Rakoll 5010, 5016, and 4020, are being manufactured using bio-attributed raw materials through the mass balance approach. | H.B. Fuller's manufacturing facilities in Lüneburg and Nienburg, Germany, have achieved ISCC PLUS certification for using bio-attributed raw materials in the production of core adhesives like Rakoll 5010, 5016, and 4020. |
Telefonica Brasil boasts a robust market capitalization and has consistently outperformed quarterly earnings expectations. With an annual earnings report of $.56 per share, Telefonica Brasil's price-to-earnings ratio stands at .18. | Telefonica Brasil has a strong market capitalization and consistently exceeds quarterly earnings expectations, with an annual earnings report of $0.56 per share and a price-to-earnings ratio of 0.18. |
NEW YORK - PNC Financial Services Group Inc NYSE PNC . | PNC Financial Services Group Inc. (NYSE: PNC) is a financial services company headquartered in New York City. |
The state's MAHAPRIET has signed a MoU of Rs 4000 crore with Prediction Co., USA for creating a hub for Artificial Intelligence in the state. | MAHAPRIET has partnered with Prediction Co., USA, to establish an Artificial Intelligence hub in the state with an investment of Rs 4000 crore. |
CHICAGO - Cboe Digital, the digital asset arm of Cboe Global Markets NYSE CBOE , announced the launch of its new margined futures for Bitcoin and Ether, marking the company as the first U.S. regulated crypto native exchange to offer both spot and leveraged derivatives trading on a single platform. | Cboe Digital, a subsidiary of Cboe Global Markets, has launched margined futures for Bitcoin and Ether, making it the first U.S. regulated crypto native exchange to offer both spot and leveraged derivatives trading on a single platform. |
NEW YORK - Ark Invest, the investment firm known for its focus on innovative and disruptive technologies, has divested a significant portion of its holdings in the ProShares Bitcoin Strategy ETF NYSE BITO . | Ark Invest has sold a significant portion of its ProShares Bitcoin Strategy ETF (BITO) holdings, indicating a shift in its investment strategy. |
Participants are advised to join the webcast at least ten minutes prior to the start time by using the provided link or dialing into the provided phone numbers with the passcode 027223.The company has also arranged for post-webcast interviews with Rickard Gustafson, President and CEO, and Niclas Rosenlew, CFO. | Participants are advised to join the webcast 10 minutes prior to the start time using the provided link or phone numbers with passcode 027223. Post-webcast interviews with Rickard Gustafson, President and CEO, and Niclas Rosenlew, CFO, have been arranged. |
The renewed buying enthusiasm at these counters were on hopes that stimulus measures taken by China, lower mortgage rates, reduced down-payment for home buyers coupled with debt-extension for Country Garden, could help revive the world second largest economy. | China's stimulus measures, including lower mortgage rates and debt extensions for Country Garden, have sparked renewed buying enthusiasm in the real estate sector, driven by hopes of reviving the world's second-largest economy. |
Acquired the cement grinding assets of Burnpur Cement in Jharkhand for Rs 169.79 crore. | Burnpur Cement's cement grinding assets in Jharkhand were acquired for Rs 169.79 crore. |
The development is a key pillar of HyNet -- the UK s leading industrial decarbonisation cluster. It is a vital piece of the North West s journey to net zero, underpinning HyNet and providing the opportunity for manufacturers in the region to decarbonise their processes and support UK jobs. | The development is a key pillar of HyNet, the UK's leading industrial decarbonisation cluster, and a vital piece of the North West's journey to net zero. It provides manufacturers in the region with the opportunity to decarbonise their processes and support UK jobs. |
Teva is leading the development and will handle the global commercialization of this olanzapine LAI. UZEDY is now available in the United States through Teva, under the licensed name SteadyTeq .The collaboration between Teva and MedinCell underscores a commitment to advancing treatment options for schizophrenia, a chronic brain disorder that affects about 1 of the population worldwide. MONTPELLIER, France - Teva Pharmaceutical Industries NYSE TEVA Ltd. has announced the completion of patient enrollment for its Phase 3 trial of mdc-TJK, a potential new treatment for schizophrenia. | Teva is leading the development of mdc-TJK, a potential new treatment for schizophrenia, with patient enrollment for its Phase 3 trial now complete. The collaboration between Teva and MedinCell underscores a commitment to advancing treatment options for schizophrenia, which affects about 1% of the population worldwide. |
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction with the expansion of their partnership with Country Boy Supply. | Sandvik Mining and Rock Solutions President Mats Eriksson expressed satisfaction with the expansion of their partnership with Country Boy Supply. |
The solution supports a variety of contactless payment methods, such as payment cards and mobile wallets like Apple NASDAQ AAPL Pay, Google NASDAQ GOOGL Pay, and Samsung KS 005930 Pay. | The solution supports various contactless payment methods, including payment cards and mobile wallets like Apple Pay, Google Pay, and Samsung Pay. |
It also undertakes transmission-related consultancy to more than 150 domestic clients and owns and operates 71,673 km of telecom networks. | The company provides transmission-related consultancy to over 150 domestic clients and owns and operates 71,673 km of telecom networks. |
Major averages Dow Jones, the S&P 500, and NASDAQ Composite rose up to 0.9 per cent. | The Dow Jones, S&P 500, and NASDAQ Composite all experienced gains of up to 0.9%, indicating a positive performance in the stock market. |
The delegation led by Managing Director Iram Singh Yadav held discussions with the Chief Minister at the Secretariat. | A delegation led by Iram Singh Yadav met with the Chief Minister at the Secretariat to discuss various issues. |
GSK LON GSK stock fell 0.7 after the British drugmaker said it had raised just under £1 billion from a discounted stake sale in Haleon, cutting its shareholding to 4.2 in the world's largest standalone consumer healthcare firm. | GSK's stock price dropped 0.7% after it sold a portion of its stake in Haleon, reducing its ownership to 4.2% and raising £1 billion. |
In a meeting with a Japanese parliamentary delegation, Patil said that the government aims to position Karnataka as the premier destination for Electric Vehicle EV manufacturing. Saying that the state would like to partner with Japan in achieving its aspiration of becoming a global manufacturing hub, he emphasised that the Japanese Industrial Township in Tumakuru district is a testimony to the long-standing industrial collaboration between Karnataka and Japan. Karnataka is home to over 525 Japanese companies operating across industry sectors, with around 70 companies having active manufacturing presence in the state, Patil said. The focus will be on the entire value chain related to e-mobility from battery and cell manufacturing, component production, original equipment manufacturers, charging and testing infrastructure, to research and development, the Minister explained. | Karnataka aims to become a leading destination for EV manufacturing, partnering with Japan to establish a Japanese Industrial Township in Tumakuru. The state is home to over 525 Japanese companies, with 70 actively manufacturing in the region. |
SAN FRANCISCO - Coinbase NASDAQ COIN , a leading cryptocurrency exchange, has announced a strategic partnership with Yellow OTC YELLQ Card, a financial service provider in Africa, to expand the usage of the USD Coin USDC across 20 African countries, starting from February. The partnership aims at catering to Africa's predominantly young population by providing more accessible financial services suited for an evolving digital economy. | Coinbase and Yellow Card have partnered to expand the use of USDC in 20 African countries, starting in February, to provide accessible financial services to the continent's young population. |
Pantera Minerals, operating within the Smackover formation, has expanded its lithium exploration territory. Gladiator Resources, Pantera Minerals, and Kali Metals have all reported promising findings that have positively influenced their stock values. | Pantera Minerals, Gladiator Resources, and Kali Metals have all reported promising lithium exploration findings within the Smackover formation, leading to positive stock value impacts. |
The decrease marks a notable move for one of Canada's leading banking institutions. Royal Bank of Canada's stock value rose modestly by 0.26 to close at $132.80. Shares of the Royal Bank of Canada NYSE RY saw a slight uptick, while TC Energy Corporation NYSE TRP experienced a minor decrease. | Royal Bank of Canada's stock value rose by 0.26% to $132.80, while TC Energy Corporation experienced a minor decrease. |
PROVIDENCE, R.I. - Citizens Financial Group, Inc. NYSE NYSE CFG announced its financial results for the fourth quarter and the full year of 2023, demonstrating robust performance. | Citizens Financial Group reported strong financial results for Q4 and 2023, with robust performance across key metrics. |
Oliver Gray contributed to this article. | Oliver Gray made contributions to this article. |
JOHANNESBURG - MTN Group has announced a partnership with global telecommunications provider Ericsson BS ERICAs to broaden the scope of mobile financial services across Africa. The collaboration will leverage the Ericsson Wallet Platform to offer MTN's over 63 million active users a more extensive range of financial services. | MTN Group and Ericsson partner to expand mobile financial services in Africa, leveraging Ericsson Wallet Platform for MTN's 63 million active users. |
New Swan Multitech is preparing to go public with a focus on providing welded assemblies for the two-wheeler industry. Joining the IPO wave are New Swan Multitech Limited and Australian Premium Solar India Limited. | New Swan Multitech, a welded assemblies provider for the two-wheeler industry, is preparing for an IPO. |
M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data. | M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore. |
FPIs also bought in sectors like autos, capital goods, oil and gas and telecom, he added. | FPIs invested in various sectors, including autos, capital goods, oil and gas, and telecom. |
LONDON - In the commodities market, copper prices experienced a day of fluctuations on the London Metal Exchange LME , with highs of $8460 per metric ton mt and $8448 mt before closing slightly lower at $8375 mt and then making a minor recovery to $8382 mt. | Copper prices on the London Metal Exchange fluctuated, reaching highs of $8460 and $8448 per metric ton before closing slightly lower at $8375 mt and recovering to $8382 mt. |
India's biggest automobile manufacturer has reported a 2 per cent rise in its total wholesale at around 1,59,418 units to dealers in June 2023 as compared to 1,55,857 units in June, 2022.Debadatta Chand, executive director, has assumed charge as MD & CEO with effect from July 1, 2023.MDL has signed a contract with Indian Navy for Medium Refit cum Life Certification MRLC of second Shishumar class submarine INS SHANKUSH worth Rs 2,724.63 crore. | India's largest automobile manufacturer witnessed a 2% increase in wholesale units to 1,59,418 in June 2023 compared to 1,55,857 in June 2022. MDL signed a contract with the Indian Navy for the Medium Refit cum Life Certification of the second Shishumar class submarine INS SHANKUSH for Rs 2,724.63 crore. |
MONTR AL - Cerro de Pasco Resources Inc. CSE CDPR OTCPK GPPRF FRA N8HP has received a definitive resolution from the independent Mining Council, confirming the company's right to an Easement for its El Metalurgista Concession and Quiulacocha Tailings Project QT Project in Peru. This will enable Cerro de Pasco to start a 40-hole sonic drilling program during the Andean dry season, with the aim of completing the drilling and the first phase of the QT preliminary economic assessment PEA by the third quarter of 2024.The company plans to prepare a technical report on Mineral Resources for the Quiulacocha tailings, compliant with NI 43-101 standards. The Quiulacocha Tailings Storage Facility, containing approximately 75 million tonnes of tailings, is a significant part of the company's concession. | Cerro de Pasco Resources has received an Easement for its El Metalurgista Concession and Quiulacocha Tailings Project in Peru, enabling a 40-hole sonic drilling program to complete the first phase of the QT preliminary economic assessment by Q3 2024. |
Reuben Muoka, the NCC's Director of Public Affairs, confirmed that starting January 18, customers of Globacom, popularly known as Glo, will be unable to place voice calls to MTN subscribers. Despite the restriction on voice calls to MTN, Glo customers will retain full access to data services and will be able to make outgoing calls to other networks. ABUJA - Nigeria's communications regulator, the Nigerian Communications Commission NCC NS NCCL , has sanctioned a partial disconnection of Globacom's network from MTN due to unresolved issues regarding interconnect fees. | NCC has sanctioned a partial disconnection of Globacom's network from MTN due to unresolved issues regarding interconnect fees, effective January 18th. Glo customers will be unable to make voice calls to MTN subscribers but will retain access to data services and outgoing calls to other networks. |
Canada Nickel Company Inc., headquartered in Toronto, is focused on developing nickel-sulphide projects to meet the increasing demand from the EV and stainless steel markets. Mark Selby, CEO of Canada Nickel, emphasized the importance of the partnership with Samsung SDI, a leading EV battery manufacturer, in advancing the Crawford Project and contributing to sustainable supply chains in North America and Europe. This strategic investment and partnership are based on a press release statement issued by Canada Nickel Company Inc. on January 12, 2024.In the context of Samsung SDI's strategic investment into Canada Nickel Company for securing materials for EV battery production, investors may find the following insights from InvestingPro to be of interest. TORONTO - In a strategic move to secure essential materials for its electric vehicle battery production, Samsung KS 005930 SDI Co., Ltd. has invested US$18.5M into Canada Nickel Company Inc., acquiring approximately 8.7 ownership in the mining company. The transaction, which involves Samsung SDI purchasing roughly 15.6 million shares, is part of a broader partnership that includes potential additional investment and offtake rights in Canada Nickel s Crawford project. Financial advisory roles for Canada Nickel in the transaction were filled by Cutfield Freeman, Deutsche Bank ETR DBKGn , Harp Capital, and Scotiabank. | Samsung SDI invested $18.5 million in Canada Nickel Company to secure materials for EV battery production, acquiring approximately 8.7% ownership and potential additional investment and offtake rights in Canada Nickel's Crawford project. |
Energy stocks particularly underperformed, with industry leaders Woodside OTC WOPEY and Santos witnessing a drop in their share values by 1.12 and 0.78 respectively. | Energy stocks underperformed, with Woodside and Santos seeing share value drops of 1.12% and 0.78% respectively. |
Investing.com U.S. equities were mixed at the close on Monday, as gains in the Telecoms, Oil & Gas and Utilities sectors propelled shares higher while losses in the Consumer Goods, Consumer Services and Healthcare sectors led shares lower. | U.S. equities closed mixed on Monday, with gains in Telecoms, Oil & Gas, and Utilities offset by losses in Consumer Goods, Consumer Services, and Healthcare. |
Other retailers such as Checkers Rush, Starbucks NASDAQ SBUX , PNA, Checkers' Uniq stores, and the OK Urban concept store have also adopted electronic payment methods exclusively. | Several retailers, including Checkers Rush, Starbucks, PNA, Checkers' Uniq stores, and OK Urban concept store, have implemented exclusive electronic payment methods. |
Alban Boy , Chairman and CEO of Groupe Trecobat, also commented on the partnership, highlighting it as a crucial step towards providing customers with more environmentally friendly homes and expressing eagerness to see the first homes built with Hoffmann's clinker-free cement. | Groupe Trecobat's CEO, Alban Boy, emphasized the partnership's significance in offering eco-friendly homes, expressing anticipation for the first homes built using Hoffmann's clinker-free cement. |
Meanwhile, Bharti Airtel in partnership with Ericsson BS ERICAs has successfully tested Ericsson's pre-commercial Reduced Capability RedCap software on the Airtel 5G network. New Delhi, Jan 13 IANS Reliance NS RELI Jio and Bharti Airtel NS BRTI might discontinue their unlimited 5G data plans for premium customers soon, media reports said on Saturday. | Bharti Airtel and Ericsson have successfully tested Ericsson's pre-commercial Reduced Capability software on the Airtel 5G network. Reliance Jio and Bharti Airtel may discontinue their unlimited 5G data plans for premium customers soon. |
Minister for Industries and ITE&C D. Sridhar Babu, Principal Secretary ITE&C, I&C Jayesh Ranjan, and Special Secretary, Investment Promotion, Vishnu Vardhan Reddy were also present during the meeting.--IANSms rad | Minister D. Sridhar Babu, Principal Secretary Jayesh Ranjan, and Special Secretary Vishnu Vardhan Reddy attended a meeting to discuss industries and ITE&C. |
The product will be manufactured at the group s formulation manufacturing facility in SEZ, Ahmedabad. | The product will be manufactured at the group's formulation manufacturing facility in the SEZ, Ahmedabad. |
NEW DELHI - Shares of the Indian Renewable Energy Development Agency IREDA witnessed a significant uptick today, following the announcement of a memorandum of understanding MoU with the Indian Overseas Bank NS IOBK . | IREDA shares rose due to an MoU with Indian Overseas Bank. |
Besides, another MoU was signed with INOX Air Products NYSE APD for a Green Ammonia plant with an investment of around Rs 25,000 crore. | INOX Air Products signed an MoU for a Green Ammonia plant with an investment of Rs 25,000 crore. |
Industries Department Principal Secretary S Selvakumar and Commissioner Gunjan Krishna were also present.--IANSmka rad | Industries Department Principal Secretary S Selvakumar and Commissioner Gunjan Krishna attended an event. |
In a meeting with a Japanese parliamentary delegation, Patil said that the government aims to position Karnataka as the premier destination for Electric Vehicle EV manufacturing. Saying that the state would like to partner with Japan in achieving its aspiration of becoming a global manufacturing hub, he emphasised that the Japanese Industrial Township in Tumakuru district is a testimony to the long-standing industrial collaboration between Karnataka and Japan. Karnataka is home to over 525 Japanese companies operating across industry sectors, with around 70 companies having active manufacturing presence in the state, Patil said. Karnataka and Japan share many similarities which include their focus on major industries like auto and auto components, engineering and machine tools, chemicals, innovation and R and D, he added. | Karnataka aims to become a leading destination for EV manufacturing and seeks partnership with Japan, citing the presence of over 525 Japanese companies and the Japanese Industrial Township in Tumakuru as evidence of their long-standing collaboration. |
Foreign direct investment FDI into India declined 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. Sector wise, inflows contracted in computer software and hardware, trading, telecommunication, automobile, pharma and chemicals. | FDI into India fell by 34% to $10.94 billion in Q1 2023-24, primarily due to reduced inflows in computer hardware and software, telecom, auto, and pharma sectors. |
Minister Patil engaged in discussions with Sony, HP, Nestle NS NEST , Honeywell, Lulu group, Inox Group, Takeda Pharma, Coinbase NASDAQ COIN , Tillman Global, BL Agro, and many others. | Minister Patil held discussions with various companies, including Sony, HP, Nestle, Honeywell, and Coinbase, to explore investment opportunities in India. |
NEW YORK - Citigroup Inc NYSE C has unveiled a sweeping plan to streamline its operations by reducing its global workforce by approximately 20,000 positions over the coming years, as part of a strategy to cut costs and improve efficiency. Citigroup's recent financial struggles have been partly attributed to economic disruptions in Argentina and Russia, leading to a 3 dip in overall revenue. In addition to the workforce reduction, Citigroup is preparing for severance expenses that are projected to range from $700 million to $1 billion this year. Citigroup's recent announcement to streamline operations has put a spotlight on the importance of financial health and strategic management in the banking sector. Citigroup's restructuring may be a necessary adjustment in today's economic climate, but as WPC's data suggests, there are companies within the financial sphere that are navigating these challenges with strong financial indicators and strategic foresight. | Citigroup plans to cut 20,000 jobs to reduce costs and improve efficiency, with severance expenses estimated at $700 million to $1 billion this year. The move comes amid financial struggles attributed to economic disruptions in Argentina and Russia, leading to a 3% dip in revenue. |
NEW YORK - FedEx Corp. NYSE NYSE FDX today introduced a new digital commerce platform named fdx, aimed at providing comprehensive e-commerce solutions by integrating the entire customer journey from demand creation to delivery and returns. This news article is based on a press release statement from FedEx Corp.As FedEx Corp. NYSE FDX forges ahead with its latest digital commerce platform, fdx, investors may be curious about how the company's financial health can support such innovative endeavors. | FedEx Corp. (NYSE: FDX) has launched fdx, a digital commerce platform that offers comprehensive e-commerce solutions. This platform aims to enhance the customer experience by integrating the entire journey from demand creation to delivery and returns. |
Volunteers Our Volunteer Platform, Better Together, has positively impacted the lives of over 5 lakh volunteers through partnerships with 20 nonprofits. | Better Together, a volunteer platform, has empowered over 5 lakh volunteers through collaborations with 20 nonprofits, making a significant impact on their lives. |
Record-breaking inflows were observed in Communication Services and Health Care, marking the largest influx in data history since 2008 for both sectors. | Communication Services and Health Care sectors witnessed record-breaking inflows, marking the highest data influx since 2008. |
Drilling operations will continue to target deeper prospects before moving the rig to the Mopane-2X location, aiming to further delineate the Mopane discovery. The discovery was made at the Mopane-1X well within Petroleum Exploration License 83 PEL 83 , where Sintana holds an indirect 49 interest through its stake in Custos Energy Pty Ltd.Galp Energia, the operator of PEL 83, along with partners NAMCOR and Custos, drilled and logged the Mopane-1X well, confirming the presence of a considerable column of light oil in high-quality reservoir-bearing sands. | Drilling operations will continue to target deeper prospects before moving the rig to the Mopane-2X location, aiming to further delineate the Mopane discovery made at the Mopane-1X well within Petroleum Exploration License 83 (PEL 83), where Sintana holds an indirect 49% interest through its stake in Custos Energy Pty Ltd. |
Arrangers to the issue were A K Capital Services, ICICI Securities Primary Dealership, and Trust Investment Advisors Private Limited. | A K Capital Services, ICICI Securities Primary Dealership, and Trust Investment Advisors Private Limited were the arrangers for the issue. |
MEDFORD, Ore. - Lithia & Driveway NYSE LAD , a leading global automotive retailer, has scheduled the release of its fourth quarter 2023 earnings for before the market opens on Wednesday, February 14, 2024. | Lithia & Driveway (LAD) will release its Q4 2023 earnings on February 14, 2024, before market open. |
The company's three main segments - Adhesive Solutions, Advanced Materials, and Coating Solutions - made up about 91 of its sales in 2022. | In 2022, the company's Adhesive Solutions, Advanced Materials, and Coating Solutions segments accounted for approximately 91% of its sales. |
Investing.com India equities were lower at the close on Wednesday, as losses in the Banking, Metals and Carbon sectors propelled shares lower. | Indian equities declined on Wednesday, led by losses in banking, metals, and carbon sectors. |
Maruti Suzuki India, on the other hand, reported its highest ever monthly sales in September 2023 at 181,343 units, up about 3 per cent YoY.Prime Minister Narendra Modi will address a public meeting in Jagdalpur city in poll bound Chhattisgarh today, and will dedicate to the nation and lay foundation stones of several projects worth Rs 26,000 crore, including the NMDC's steel plant. Maruti Suzuki India, on Friday, said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore. | Maruti Suzuki India reported its highest monthly sales in September 2023 at 181,343 units, up 3% YoY. Prime Minister Narendra Modi will address a public meeting in Jagdalpur city in poll-bound Chhattisgarh today and dedicate several projects worth Rs 26,000 crore. |
Frank Cho, vice president and product general manager of Inventory Intelligence at Sensormatic Solutions, praised Allbirds for its dedication to innovation and retail precision. | Frank Cho, vice president of Sensormatic Solutions, praised Allbirds for its commitment to innovation and retail precision. |
BOSTON - Ginkgo Bioworks Holdings Inc. NYSE NYSE DNA , a company specializing in cell programming and biosecurity, announced today that it expects to achieve its projected revenue and new program goals for the year ended December 31, 2023. | Ginkgo Bioworks Holdings Inc. (NYSE: DNA) expects to meet its projected revenue and new program goals for 2023. |
Vijay Singh has resigned as the chief financial officer CFO of the Company on account of personal reasons. Besides, it produced about 333 MTs of coal during the first half of the current financial year H1-FY24 , posting a growth of 11.3 per cent YoY. The Tata Group is considering evaluating whether to bid for UTI Asset Management Company, according to a report byafter Mukesh Ambani-owned Jio Financial Services entered the market. | Vijay Singh resigned as CFO due to personal reasons. The company produced 333 MTs of coal in H1-FY24, an 11.3% YoY growth. The Tata Group is considering bidding for UTI Asset Management Company after Jio Financial Services entered the market. |
Moneycontrol.com advises users to check with certified experts before making any investment decisions. Disclaimer The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. | Moneycontrol.com advises users to consult certified experts before making investment decisions, as the views and investment tips expressed by experts on the website are their own and not those of the website or its management. |
In collaboration with the Andhra Pradesh government's flagship initiative, APCNF AP Community Based Natural Farming , our platform has played a pivotal role in enhancing efficiency and traceability. | Our platform has collaborated with APCNF to enhance efficiency and traceability in Andhra Pradesh's Community Based Natural Farming initiative. |
Dasya Katz, CEO of ReturnQueen, expressed enthusiasm about the partnership, highlighting the combined expertise aimed at making returns hassle-free and environmentally conscious. This strategic alliance is poised to enhance the customer return experience by leveraging PUDO's extensive network and ReturnQueen's return management platform. As ReturnQueen and PUDO Inc. team up to streamline the e-commerce returns process, it's worth noting the financial health and market performance of similar companies in the sector. ReturnQueen, renowned for its returns management solutions, and PUDO Inc., known for its independent parcel pick-up and drop-off counter network across North America, have integrated their services to offer a more seamless and eco-friendly return process. RAMSEY, N.J. - In a move aimed at simplifying e-commerce returns, ReturnQueen has partnered with PUDO Inc. CSE PDO OTCQB PDPTF , expanding options for consumers with a network of drop-off points and pick-up services. | ReturnQueen and PUDO Inc. have partnered to streamline e-commerce returns, offering a network of drop-off points and pick-up services through PUDO's extensive network and ReturnQueen's return management platform. |
His engagement with Dimon represents a significant moment for Ukraine as it seeks to bolster its economy and secure international aid for its rebuilding efforts. The high-profile encounter is aimed at discussing financial support for Ukraine amidst its ongoing conflict. President Zelenskiy is set to address the attendees at Davos, where he will outline Ukraine's peace strategy and the country's plans for post-conflict reconstruction. | Ukrainian President Zelenskiy met with JPMorgan Chase CEO Dimon at Davos to discuss financial support for Ukraine's economy and post-conflict reconstruction. |
MUMBAI - Shares of Manappuram Finance NS MNFL suffered a sharp decline today, following the Securities and Exchange Board of India's SEBI decision to postpone the initial public offering IPO of its subsidiary, Asirvad Micro Finance. | Manappuram Finance shares fell due to SEBI postponing the IPO of its subsidiary, Asirvad Micro Finance. |
Currently, there are seven more InvestingPro Tips available for W.P. Carey Inc., which can be accessed through an InvestingPro subscription. According to real-time data from InvestingPro, W.P. Carey Inc. WPC , a company in a different sector yet relevant for investors seeking stable financial performers, showcases a robust financial profile. The company's revenue growth during the same period stands at an impressive 22.15 , with a gross profit margin of 92.39 .InvestingPro Tips highlight W.P. Carey's impressive gross profit margins and its ability to maintain dividend payments for 26 consecutive years, which is a testament to its financial stability. | W.P. Carey Inc. (WPC) exhibits strong financials with 22.15% revenue growth and a 92.39% gross profit margin. Its consistent dividend payments for 26 years demonstrate financial stability. |
Investing.com Canada equities were higher at the close on Monday, as gains in the Healthcare, Utilities and Energy sectors propelled shares higher. | Canadian equities closed higher on Monday, driven by gains in Healthcare, Utilities, and Energy sectors. |
In a meeting with a Japanese parliamentary delegation, Patil said that the government aims to position Karnataka as the premier destination for Electric Vehicle EV manufacturing. Karnataka is home to over 525 Japanese companies operating across industry sectors, with around 70 companies having active manufacturing presence in the state, Patil said. Bengaluru, Jan 10 IANS Assuring that the government would come up with a new clean mobility policy, Large and Medium Industries Minister, MB Patil, on Wednesday invited a Japanese delegation to consider investing in the sector. | Karnataka aims to become the leading destination for EV manufacturing, with over 525 Japanese companies operating in the state, including 70 with active manufacturing presence. The government plans to introduce a new clean mobility policy to attract investments in the sector. |
Its board has decided on the plan after the Ahmedabad Bench of the National Company Law Tribunal gave its nod for its resolution plan for AMW Autocomponent. | The board of AMW Autocomponent has approved a resolution plan after receiving approval from the Ahmedabad Bench of the National Company Law Tribunal. |
Walgreens Boots Alliance Inc NASDAQ WBA declined 3.16 or 0.76 points to end at 23.27 and Boeing Co NYSE BA shed 2.23 or 4.96 points to 217.70.The top performers on the S&P 500 were Cognizant Technology Solutions Corp Class A NASDAQ CTSH which rose 4.13 to 77.97, Bank of New York Mellon NYSE BK which was up 4.02 to settle at 54.85 and Northrop Grumman Corporation NYSE NOC which gained 2.94 to close at 481.08.The worst performers were United Airlines Holdings Inc NASDAQ UAL which was down 10.63 to 39.78 in late trade, American Airlines Group NASDAQ AAL which lost 9.46 to settle at 13.21 and Delta Air Lines Inc NYSE DAL which was down 8.97 to 38.47 at the close. | Walgreens Boots Alliance Inc. and Boeing Co. declined on the stock market, while Cognizant Technology Solutions Corp Class A, Bank of New York Mellon, and Northrop Grumman Corporation were the top performers on the S&P 500. United Airlines Holdings Inc., American Airlines Group, and Delta Air Lines Inc. were the worst performers. |
The system in question, the CleanTech LPC-1000-CTHS, is designed to provide a safe and eco-friendly alternative to traditional cleaning methods used in maritime and manufacturing sectors. ORLANDO, FL - Laser Photonics Corporation NASDAQ LASE , a prominent developer of CleanTech laser systems, has announced receiving a new order from Ship Point Machine Co. for its laser cleaning technology. The CleanTech LPC-1000-CTHS is noted for its fully operator-safe technology, which allows for easy operation without the risks associated with hazardous substances typically involved in conventional cleaning processes. | Laser Photonics Corporation received an order from Ship Point Machine Co. for its CleanTech LPC-1000-CTHS laser cleaning technology, which provides a safe and eco-friendly alternative to traditional cleaning methods in maritime and manufacturing sectors. |
The MoU was inked in presence of Adani Group Founder & Chairman Gautam Adani and Chief Minister Eknath Shinde at the ongoing World Economic Forum, Davos. | Adani Group and the Maharashtra government signed an MoU at the World Economic Forum in Davos, witnessed by Gautam Adani and Chief Minister Eknath Shinde. |
It has also approved the appointment of Ashay Shah as senior management personnel and Head LMD & Strategy of the company with effect from 1 October 2023.The company has invested $2 million in ISCA, Inc, a Delaware-based corporation involved in pest control for agriculture. | The company has approved the appointment of Ashay Shah as senior management personnel and Head of LMD & Strategy, effective October 1, 2023. The company has invested $2 million in ISCA, Inc., a Delaware-based corporation involved in pest control for agriculture. |
Large short covering and new longs drove a strong move more bullish in S&P futures but positioning remains only modestly net long. | S&P futures surged due to significant short covering and new long positions, but overall positioning remains moderately net long. |
Concurrently, Tokyo Metro is on track for a $5 billion offering, having secured the green light from Japan's Transport Ministry. | Tokyo Metro is set to raise $5 billion through an offering, approved by Japan's Transport Ministry. |
The construction of the new terminal building will be done at a cost of Rs 950.45 crore and the total project cost was estimated at Rs 1,884 crore. The new terminal building s area will be one lakh square foot and the expansion work will involve construction of 10 new aerobridges and the work on six of them will be completed in the first phase.--IANSsrc rad It will begin with the construction of the new terminal building of the airport with a higher passenger capacity than now. | The new terminal building at the airport will cost Rs 950.45 crore, with a total project cost of Rs 1,884 crore. The new terminal will have an area of one lakh square feet and will include 10 new aerobridges, six of which will be completed in the first phase. |
NEW YORK - Kazakhstan's premier online shopping app, Kaspi.kz, is poised to expand its financial footprint with a planned debut on the U.S. stock market. These institutions are leading the charge as Kaspi.kz seeks to capitalize on its robust user base by tapping into the U.S. capital markets. The company has revealed its strategy to list on the Nasdaq under the ticker KSPI, offering 9 million American Depositary Shares ADSs in an initial public offering IPO .Already a familiar name on the Kazakhstan Stock Exchange and the London Stock Exchange, where it is traded under the same ticker, Kaspi.kz is aiming for an IPO price of $97 per ADS. | Kazakhstan's leading online shopping app, Kaspi.kz, plans to expand its financial footprint by debuting on the U.S. stock market, offering 9 million ADSs in an IPO at $97 per ADS. |
In collaboration with Google NASDAQ GOOGL Cloud, Ginkgo is developing AI models that incorporate its proprietary metagenomics data, which could form the basis for additional pharmaceutical partnerships in 2024.This news is based on a press release statement from Ginkgo Bioworks. | Ginkgo Bioworks is collaborating with Google Cloud to develop AI models using Ginkgo's metagenomics data, potentially leading to new pharmaceutical partnerships in 2024. |
Scheduled to close around January 19, 2024, the offering's net proceeds are earmarked for scaling operations to accommodate Medicare Part B patients, following CMS's establishment of coverage and proposed pricing for Myomo's MyoPro product line. This outlook hinges on receiving a final fee from the Centers for Medicare and Medicaid Services CMS that is not significantly lower than the preliminary fee, successful staff expansion, and avoiding unusual supply chain disruptions. | Myomo plans to close its offering around January 19, 2024, with net proceeds earmarked for scaling operations to accommodate Medicare Part B patients, contingent on receiving a final fee from CMS that is not significantly lower than the preliminary fee, successful staff expansion, and avoiding unusual supply chain disruptions. |
Cryptocurrency uptake has been particularly strong in South Africa, Nigeria, Zimbabwe, Kenya, and Ghana. | Cryptocurrency adoption is surging in South Africa, Nigeria, Zimbabwe, Kenya, and Ghana, with these countries leading the way in Africa. |
Besides, another MoU was signed with INOX Air Products NYSE APD for a Green Ammonia plant with an investment of around Rs 25,000 crore. | INOX Air Products signed an MoU for a Green Ammonia plant with an investment of Rs 25,000 crore. |
The Chennai data centre will involve an outlay of Rs.2,000 crore, Gauri Shankar Nagabhushanam, Chief Executive Officer, Business Parks-India, CapitaLand Investment India said. | CapitaLand Investment India will invest Rs.2,000 crore in a Chennai data centre. |
A select few stocks are predicted to drive a substantial portion of the earnings growth increase projected for the Russell 1000 in 4Q. Five out of eleven sectors are anticipated to report positive earnings growth, with communication services, utilities, and consumer discretionary leading the way. | Five sectors of the Russell 1000 are expected to drive earnings growth in 4Q, with communication services, utilities, and consumer discretionary leading the way. |