Finance

Gensol Engineering announced an unprecedented operational revenue of over Rs. 960 crore for the fiscal year ending March 31, 2024, marking a 141% growth YoY. This remarkable financial performance propelled the company’s shares to lock at a 5% upper circuit in Wednesday’s trading session. […]

China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing […]

Huawei Investment & Holding Co, in a notable financial maneuver, plans to distribute a staggering 77.095 billion yuan ($10.65 billion) in dividends to its shareholders, as revealed by the Shanghai clearing house on Tuesday. This decision comes on the back […]

With the Indian general elections on the horizon, the country’s equity markets are displaying an unusual calm, deviating from the traditional pre-election rally. Investors are treading carefully, influenced by a mix of rich valuations, political uncertainties, and the remarkable gains […]

Australia’s banking and retail sectors are rapidly organizing backup strategies, potentially involving Australia Post, to prevent a breakdown in cash distribution services amidst looming financial troubles at Armaguard, a Lindsay Fox enterprise. The refusal of a $26 million financial aid package […]

On a pivotal Thursday, the Lithuanian parliament made a decisive move towards simplifying cash transactions, voting in favor of rounding final sums to the nearest multiple of five cents for cash payments, starting May 2025. This legislative step aims to diminish […]

Visa and MasterCard have reached a pivotal settlement with U.S. merchants over swipe fees, marking a significant turn in a legal battle that dates back to 2005. This agreement, stemming from allegations of antitrust violations, could funnel tens of billions of dollars […]

As economies worldwide grapple with fluctuating fortunes, a remarkable resurgence in mergers and acquisitions (M&A) activity is bringing a wave of optimism to the investment banking landscape. With an estimated $600 billion in deals reinvigorating the sector, key players and […]

Manulife Financial has embarked on a significant transaction, agreeing to reinsure $5.8-billion of Canadian Universal Life reserves with RGA Life Reinsurance Company of Canada, announced on March 25, 2024. This strategic move is expected to generate $800-million of capital for Manulife, earmarked […]

Following a shocking series of events within the Steinhoff conglomerate, Stéhan Grobler, a key legal figure and business associate of the late Markus Jooste, surrendered to authorities, sparking further intrigue in the ongoing Steinhoff scandal. This development came shortly after the former […]