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Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Bioceres Crop Solutions (NASDAQ: BIOX) revenue falls 18% as liquidity risk deepens
Bioceres Crop Solutions returned to slightly positive adjusted EBITDA in its fiscal fourth quarter after aggressive cost reductions, but falling revenue, a heavy financing burden and tight liquidity leave the turnaround far from complete.
Who replaces Judy Marks? Otis starts CEO search as service business becomes more critical
Otis Worldwide Corporation has begun a global search for Judy Marks’ successor as the executive who led its 2020 separation prepares to retire, leaving the next CEO to manage a 72,000-person workforce, accelerating service growth and continued weakness in new equipment.
KEC International (NSE: KEC) wins Rs 1,303cr orders as Rs 40,000cr pipeline meets margin pressure
KEC International has added major transmission contracts across India, Saudi Arabia and the Americas, but its expanding order pipeline is colliding with weaker quarterly margins and a still-heavy debt burden.
Raymond (NSE: RAYMOND) hits record high as aerospace orders reshape the post-demerger stock
Raymond’s new aerospace programmes cover more than 300 precision components and over 37,000 units annually, adding another catalyst to a stock already transformed by demergers, defence exposure and fresh institutional capital.
Reliance Worldwide (ASX: RWC) jumps 7% as Brookfield’s A$4.75 takeover becomes binding
Reliance Worldwide shareholders now have a firm A$4.75-per-share Brookfield proposal after months of negotiations, but a 30-day go-shop process and AustralianSuper’s large stake leave open the possibility that the takeover story is not finished.
The Trade Desk cuts 15% of workforce as Jeff Green gets stock option tied to $105 target
The Trade Desk is eliminating about 15% of its workforce and reorganising employees into smaller teams after revenue growth slowed sharply, while a new performance-based option could allow Chief Executive Officer Jeff Green to buy up to 7 million shares if the stock reaches targets extending to $105.
Shakti Pumps (NSE: SHAKTIPUMP) rallies on Rs 236cr solar order as margin collapse clouds growth
Shakti Pumps has secured a 10,000-pump Maharashtra solar irrigation order worth â‚ą235.92 crore, but investors must reconcile strong revenue growth with a sharp year-over-year decline in earnings and margins.
V2X (NYSE: VVX) lands role on $46m B-52 LRSO missile equipment order
V2X has secured a position on a $46 million U.S. Air Force delivery order supporting carriage equipment for the Long Range Standoff cruise missile, adding another strategic programme to a $12.7 billion backlog.
Roshel eyes Stellantis Brampton factory for defence hub after Jeep plan collapses
Stellantis has signed a memorandum of understanding with Canadian armoured-vehicle manufacturer Roshel for a potential sale of its idled Brampton Assembly Plant, opening a possible defence-manufacturing future for a site where roughly 2,200 Unifor members remain on indefinite layoff.