Salzer Electronics Limited reported strong growth in its unaudited financial results for Q2 and the half-year ending September 30, 2024. With a significant revenue increase of 22.6% YoY, reaching Rs. 344.23 crore for Q2 FY25, the company saw a substantial rise in profit after tax (PAT), which grew by an impressive 170% to Rs. 27.28 […]
In a strategic move reflecting the complexities of the global oil market, Saudi Arabian Oil Company (Saudi Aramco) has announced a reduction in its official selling prices (OSPs) for crude oil exports to Asia. This decision follows the Organization of the Petroleum Exporting Countries and its allies (OPEC+) postponing a planned increase in oil production, […]
Himatsingka Seide Limited has successfully concluded a ₹400 crore Qualified Institutional Placement (QIP), enhancing its financial strength and strategic growth. The company plans to use the funds primarily to repay outstanding debt, ensuring a stronger balance sheet and long-term growth. The offering witnessed overwhelming interest from leading investors, leading to oversubscription. The Executive Vice Chairman […]
The world of liquefied natural gas (LNG) has witnessed a significant development as Nebula Energy LLC, a Florida-based firm specializing in LNG and carbon capture and storage (CCS) sectors, has acquired a majority stake in AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a renowned player in LNG terminals and downstream infrastructure. This acquisition positions […]
Global asset management firm, Ares Management Corporation, announced its definitive agreement to fully acquire Crescent Point Capital (CPC), a prominent Asia-focused private equity firm with roughly $3.8 billion in assets under management as of March 31, 2023. Crescent Point Capital, founded in 2003, is a renowned name in the private equity landscape of Asia, with […]
Magseis Fairfield said that it has bagged a conditional award for executing a 4D ocean bottom node project (OBN project) in Asia from an existing customer. The ocean bottom node project is slated to be carried out with the company’s MASS technology and is likely to take around a month, said the Norwegian surveying services […]
In a significant boost to its consumer health portfolio, Procter & Gamble (P&G) has concluded its €3.4 billion acquisition of German pharmaceutical giant Merck’s consumer health business. This move, first announced in April 2018, aims to elevate P&G’s position in the global over-the-counter (OTC) health market, adding extensive geographical scale and expanding its presence across […]