Financial markets
Zydus Lifesciences, a leading pharmaceutical company, has entered into a joint venture with Sterling Biotech (SBL) to produce fermented animal-free protein for global markets. The transaction involves Zydus acquiring a 50% stake in SBL from Perfect Day Inc, a Temasek portfolio company, for an undisclosed é 550 crore. This strategic
Financial markets
Al Mal Capital REIT, a leading real estate investment trust in Dubai, has exhibited a remarkable growth trajectory in the first half of 2024. The company's condensed consolidated interim financial statement highlights a notable increase in total assets, rising from AED 624.04 million to AED 1.05
Dividends
Salik Company PJSC, a leading player in the Middle Eastern transportation sector, has made significant strides in delivering shareholder value. The company's Board of Directors has recently approved the distribution of interim cash dividends for the first half of the financial year 2024, allocating AED 544.76 million
Financial markets
Firm Capital Mortgage Investment Corp. has successfully completed a bought deal public offering of 1,950,000 common shares at a price of $11.30 per share, raising gross proceeds of $22,035,000. The offering was led by TD Securities Inc. and CIBC Capital Markets, with additional support from
Financial markets
New York reported robust financial performance in the second quarter of 2024, with a GAAP net income of $0.41 per diluted common share and earnings available for distribution of $0.37 per diluted common share. The company's economic return, a key metric, stood at 1.4% and
Financial markets
The Indian stock market failed to hold its early gains, ending in the red for the third consecutive session, amidst high volatility. The Sensex closed 126 points lower, while the Nifty shed 63 points. The broader markets at BSE also ended with losses, as midcap and smallcap indices declined 0.
Financial markets
Firm Capital Mortgage Investment Corporation has announced a bought deal public offering of 1,770,000 common shares at a price of $11.30 per share, with gross proceeds of $20,001,000. The Corporation has also granted an over-allotment option to purchase up to 265,500 additional shares at
Financial markets
Subhan Ali, an AI product lead at Nvidia, has reflected on his five years at the company, sharing key lessons on how to achieve success and differentiate oneself from the competition. Ali emphasizes the importance of tackling extremely hard projects, focusing on fundamentals rather than short-term results, and embracing conflict
Financial markets
Firm Capital Mortgage Investment Corporation, a leading non-bank lender, has entered into an agreement with a syndicate of underwriters to sell 1,770,000 common shares at a price of $11.30 per share, raising $20.001 million in gross proceeds. The Corporation plans to use the net proceeds to
Financial markets
Orkla, the Norwegian investment company, is exploring a possible initial public offering (IPO) for its Indian unit, which owns leading spices and condiments brands MTR and Eastern. The company's assessment of the Indian market's potential, particularly in the spices segment, is upbeat, driven by growing demand
Financial markets
The National Association of Real Estate Investment Trusts (NAREIT) recently released its 2024 Mid-Year Report, which highlights the resilience of REITs despite underperforming the broader stock market this year. NAREIT's executive vice president, research and investor outreach, John Worth, notes that REITs have maintained solid operational performance, with
Financial markets
SRS Real Estate Partners has announced Garrett Colburn as its new President, tasked with leading the company's continued national growth. Colburn will collaborate with CEO Chris Maguire to drive expansion across retail, capital markets, and industrial platforms. In this role, Colburn will also serve on the Executive Committee,
