Although the third airport runway in Hong Kong officially opens for business on Thursday, there won’t be much more flight capacity for at least a year. Documents released by the city’s Civil Aviation Department indicate that aircraft travel will only increase by 4% during the subsequent summer season, which runs from March to October 2025….
According to people familiar with the situation, SoftBank Group Corp. wants to buy up to $1.5 billion worth of shares from OpenAI’s staff to enhance its ownership in the business. Employees of OpenAI will have the option to cash in their shares if they so desire once the Japanese business makes a tender offer for…
On Wednesday, Sonata Software announced that it had signed a multi-million dollar modernization agreement with a leading global provider of access solutions. According to the statement, the project’s goal is to standardize and unify the client’s business procedures in 13 APAC nations, facilitating smooth operations and real-time communication with partners, suppliers, distributors, and customers. According…
On Wednesday, KEC International Ltd. declared that Power Grid Corp. had given it transmission and distribution orders totalling Rs 1,704 crore. According to stock exchange filings, the turnkey orders include the design, delivery, and installation of GIS substations and 765 kV transmission lines. Vimal Kejriwal, the managing director, was thrilled “with the continuous inflow of…
The share prices of Housing & Urban Development Corporation (HUDCO) and NBCC India Ltd. increased by as much as 9% during Thursday’s early trading after the two businesses revealed that they had signed an MOU for a ₹600 crore project in NOIDA, Delhi NCR. Thursday’s opening price of ₹223.40 for Housing & Urban Development Corporation…
In an early trade on the BSE, shares of Waaree Renewable Technologies, a provider of solar energy solutions, reached their 5% upper circuit at Rs 1,494.45 following the company’s receipt of a term sheet for the engineering, procurement, and construction (EPC) of a ground mount solar PV project with a capacity of 2012.47 MWp DC….
The ASX-listed GQG Partners, founded by NRI investor Rajiv Jain, saw a significant recovery on Friday, rising as much as 15.5% to an intraday high of AUD 2.46. This rebound occurred one day after the stock dropped 19.3% in response to U.S. bribery accusations against Adani Group executives, including Gautam Adani. Gautam Adani, his nephew…
Life Insurance Corporation of India (LIC), a major insurance firm and the biggest domestic institutional investor in India increased its ownership of the IT company LTIMindtree through open market acquisitions. By increasing its ownership in LTIMindtree equity shares from 1,49,06,665 to 2,08,34,009, or 5.033% to 7.034% of the company’s paid-up capital, LIC said in an…
The Brazilian state-owned oil company Petrobras reduced the minimum cash level needed for its $111 billion strategic plan on Thursday and authorized a payout of 20 billion reais ($3.4 billion) in special dividends to shareholders. As special dividends for the 2023 period, Petrobras stated in a securities filing that around 15.6 billion reais of the…
During the Lok Sabha elections in Ahmedabad, Gautam Adani, the chairman of the Indian conglomerate Adani Group, displays his inked finger. The charges against Gautam Adani include conspiracy to commit wire fraud, securities fraud, and foreign bribery. He allegedly paid more than $250 million in bribes to obtain $2 billion in solar contracts over a…