Shares of Alta Equipment Group Inc. saw a sharp decline, falling 6.6% after the company announced a downward revision to its 2024 profit outlook, sparking a ripple of investor concern. Alta Equipment Group’s stock plummeted to $7.47 per share, bringing its year-to-date drop to a staggering 42%. This decline is linked to the company’s revised […]
According to Accenture’s latest “Destination Net Zero” report, just 16% of the world’s largest corporations are on a trajectory to achieve net zero emissions by 2050, while nearly 45% are still contributing to an increasing carbon footprint. These findings highlight the urgent necessity for innovative solutions, such as artificial intelligence (AI), to mitigate the worsening […]
Suprajit Engineering Limited, a leading Indian automotive component manufacturer, has reported significant growth for the first half of the fiscal year 2024, despite the challenging market landscape. The company’s revenue and EBITDA have both shown notable increases across several divisions, with its standalone business outpacing expectations. Suprajit Engineering’s management highlighted the strength of its core […]
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 […]
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 […]
Tata Consultancy Services (TCS) reported $7.67 billion in revenue for the second quarter of FY25, reflecting a 6.4% increase year-over-year and steady growth despite a challenging macroeconomic landscape. TCS’s robust earnings report underscores its resilience as one of India’s most prominent technology and consulting firms, though the market reaction was less favorable. Following the release, […]
Viad Corp, a prominent name in the travel and lodging industry, has announced its decision to sell its event marketing and exhibition division, GES, for $535 million. The buyer, Truelink Capital, is a private equity firm with a focus on acquiring established brands in the events sector. The agreement, which involves an upfront payment of […]
General Motors (GM) has witnessed a significant boost in its stock price following its robust third-quarter 2024 earnings report. The automaker’s stock surged by 6.9% to reach $37.83 per share, driven by better-than-expected profit figures and promising advancements in its electric vehicle (EV) business. The latest earnings exceeded market forecasts, with the company posting an […]
Infosys (NSE, BSE, NYSE: INFY), a leader in next-generation digital services and consulting, has announced an expanded collaboration with Microsoft to expedite customer adoption of generative AI and Microsoft Azure on a global scale. The collaboration leverages specific capabilities of Microsoft Azure, including Azure Machine Learning for developing advanced AI models, Azure Synapse Analytics for […]
In a landmark development poised to redefine the dynamics of the beauty and personal care industry, the European-based Sodalis Group has announced its acquisition of HRB Brands from Tengram Capital Partners, a middle-market private equity firm. HRB Brands, known for its iconic names such as Alberto VO5, Zest, Brut, and Rave, holds a significant presence […]