Wockhardt Limited, a leading pharmaceutical and biotechnology company, released its second-quarter financial results for the fiscal year 2024-25, showing significant growth across several critical areas. Revenue for Q2 rose by 7% year-on-year to ₹818 crore, up from ₹762 crore in the previous year, while EBITDA surged by an impressive 71%, reaching ₹139 crore compared to […]
Tata Steel, one of the leading global steel producers, reported consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹6,224 crores for the July to September 2024 quarter, with a half-yearly EBITDA of ₹13,046 crores. The company’s consolidated revenues for the quarter stood at ₹53,905 crores, marking a strong 25% year-on-year increase. Tata Steel […]
Datawrkz, a subsidiary of Nazara Technologies Limited, has acquired a majority stake in the UK-based growth marketing agency, Space & Time, for approximately GBP 4.8 million (INR 52.3 crores) in a cash and stock deal. This strategic move is set to accelerate Datawrkz’s growth ambitions across Europe and North America, positioning itself as a significant […]
nCino, Inc. (NASDAQ: NCNO), a top provider of cutting-edge banking solutions, has announced a definitive agreement to acquire UK-based SaaS leader, FullCircl, for $135 million in cash. The move aims to enhance nCino’s offerings in client lifecycle management, onboarding automation, and regulatory compliance. The acquisition is set to bolster nCino’s presence in the UK and […]
Arthur J. Gallagher & Co. has solidified its position in the insurance and financial services markets by announcing three strategic acquisitions: New York-based Filos Agency, Australia’s Via Financial Group, and the UK’s Redington Ltd. These acquisitions reflect Gallagher’s aggressive growth strategy to broaden its portfolio across diverse geographies, from property/casualty insurance in the U.S. to […]
In a bid to strengthen its financial advisory footprint, Arthur J. Gallagher & Co. announced two key acquisitions, targeting firms with specialized financial expertise in Australia and the United Kingdom. The U.S.-based insurance giant acquired Sydney-based Via Financial Group Pty Ltd, known for its financial planning, wealth management, and life risk advisory services, alongside London-based […]
The European Union has postponed the introduction of its biometric Entry/Exit System (EES), which had been scheduled to launch on 10 November 2024. The delay follows concerns from Germany, France, and the Netherlands regarding their readiness to support the system’s technical requirements. Together, these three countries handle approximately 40% of the passenger traffic that would […]
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 […]
The United States has strongly reiterated its support for India’s long-standing ambition to gain a permanent seat at the United Nations Security Council (UNSC). This backing, delivered during the recent Quad Summit held in Delaware, underscores a significant geopolitical development that could reshape the global power structure. The Quad members, which include the United States, […]