GPT Infraprojects Limited has delivered impressive financial results for the second quarter (Q2) of the fiscal year 2025, marking significant growth across key metrics. The Kolkata-based infrastructure giant announced a robust 26.6% year-over-year increase in revenue, climbing to ₹280.7 crore, and a remarkable 90.4% jump in profit after tax (PAT), reaching ₹21.7 crore. This surge […]
In an unprecedented move, South Africa has filed a 750-page memorial with the International Court of Justice (ICJ) accusing Israel of genocide against Palestinians in Gaza. The submission, which includes extensive documentation and 4,000 pages of supporting annexes, marks a rare but powerful appeal to the ICJ, drawing the world’s attention to the ongoing humanitarian […]
CARE Ratings Limited, one of India’s premier credit rating agencies, has reported robust financial results for the quarter and half-year ending 30th September 2024. The company, which operates under the ticker codes NSE: CARE and BSE: 534804, revealed a 22% year-on-year increase in consolidated revenue from operations for Q2 FY25, reaching Rs. 117.37 crore. This […]
NHC Foods Limited, one of India’s prominent exporters of agricultural commodities, has reported a remarkable 391% surge in net profit for the quarter ended June 30, 2024. This phenomenal growth in profitability has prompted the company to announce a Rights Issue aimed at raising capital for expansion and loan repayment. With its sights set on […]
Firstsource Solutions Limited, a global provider of business process services (BPS) and a key player in the retail and eCommerce sectors, has announced its acquisition of Ascensos, a UK-based customer experience outsourcing provider. This deal, aimed at reinforcing Firstsource’s strategic expansion into the retail industry, also strengthens its nearshore and multi-lingual service capabilities. The acquisition […]
Xero Limited has announced its acquisition of Syft Analytics, a global cloud-based reporting, insights, and analytics platform, in a deal worth up to $70 million. This strategic acquisition is set to enhance Xero’s advanced reporting and analytics offerings for accountants, bookkeepers, and small businesses globally. The transaction is expected to be completed in the third […]
Azelis, a global leader in the distribution of specialty chemicals and food ingredients, has announced the acquisition of 100% of the shares of CPS Chemicals (Coatings) Pty Ltd, a South African distributor specializing in products for the paint, ink, resins, paper, plastics, and rubber industries. This strategic move enhances Azelis’ footprint in South Africa and […]
In a pivotal moment for South African politics, President Cyril Ramaphosa, age 71, was reelected for a second term on June 14, 2024. Following the general elections on May 29, which saw no party winning an outright majority, Ramaphosa’s African National Congress (ANC) managed to form an unprecedented coalition government. This development marks a significant […]
In a significant move for the logistics and transportation sector, Tata Motors, India’s leading multinational automobile manufacturer, in collaboration with its authorised distributor, Tata Africa Holdings Limited, has announced the commercial launch of its advanced range of multipurpose heavy-duty trucks – the Ultra T.9 and Ultra T.14, in South Africa. This launch is poised to […]
In a sensational development at the United Nations’ highest judicial body, Israel has vehemently rejected accusations by South Africa, describing them as “false” and “grossly distorted.” The accusations, which label Israel’s military operation in Gaza as a state-led genocide campaign against Palestinians, have sparked intense international debate. Israel, asserting its actions as self-defense against Hamas, […]