Gold
SolarEdge's Q1 2024 Net Loss Narrows
In Q1 2024, SolarEdge showcased a significant narrowing of its net loss, which stood at $108.6 million, marking a positive trend compared to previous periods. This improvement reflects the effectiveness of the company's strategic initiatives aimed at optimising operational efficiency and enhancing cost management. SolarEdge's robust performance in the face of market uncertainties underscores its position as a formidable player in the renewable energy sector.
Key highlights of SolarEdge's Q1 2024 financial report include increased revenue streams driven by sustained demand for its innov..
India and Iran Forge Long-term Partnership
India and Iran have cemented their strategic partnership with the signing of a long-term contract aimed at developing the Chabahar Port. This significant agreement underscores the mutual commitment of both nations towards enhancing regional connectivity and bolstering economic cooperation.
The Chabahar Port, located in southeastern Iran, holds immense geostrategic importance due to its proximity to the Indian Ocean and its potential to serve as a gateway to Afghanistan, Central Asia, and beyond. By investing in the development of this port, India aims to establish a vital maritime link..
Anglo-American Rejects BHP's Improved Takeover Bid
Anglo-American, a prominent player in the mining industry, has rebuffed BHP's revised acquisition proposal, indicating a steadfast commitment to its independent growth trajectory. The rejection comes amid a flurry of speculation and anticipation surrounding potential consolidation moves within the mining sector. Anglo-American's decision underscores its confidence in its strategic direction and inherent value, prompting a significant market response and generating widespread interest among investors and industry observers.
The improved bid from BHP, a major mining conglomerate, aimed ..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..
Brookfield India Real Estate Trust will acquire a 50% stake
50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.
The portfolio of properties consists of the op..
