2h ago
JSW Infrastructure lifts Q1FY27 cargo to 31 million tonnes as FIIs and DIIs raise stakes to 11.21% and 9.19%
JSW Infrastructure, an Indian infrastructure stock, handled 31 million tonnes of cargo in Q1FY27, up a little less than 6% year on year. Over the same quarter, institutional ownership rose, with FIIs increasing their holding to 11.21% and DIIs to 9.19%. The company reported a ROCE of 13.7%, close to the industry median of 13.9%, and said it operates 186 million tonnes per annum of capacity across ports on India’s east and west coasts.
2h ago
2h ago
RateGain’s Sojern integration adds 320 data partners and 1.5 billion travel graph IDs as Q4 margin rises to 23.5%
RateGain said it has advanced the integration of Sojern, adding 320 data partners and 1.5 billion travel graph IDs to its platform. The company reported Q4 gross margin of 23.5%, with annualised cost synergies reaching USD 15 million, above its earlier guidance. Customers using its Agentic ARI product reported a 30% to 40% improvement in ARI traffic optimisation.
2h ago
2h ago
Grab raises 2026 revenue forecast to US$4.10 billion–US$4.15 billion and launches US$750 million buyback
Grab lifted its 2026 revenue outlook to US$4.10 billion–US$4.15 billion and announced a US$750 million share buyback programme. Second-quarter GMV rose 21% year on year to US$6.5 billion, supported by growth in active users. The company said it spent US$706 million on customer and driver incentives during the quarter, including more than US$7 million to support driver earnings amid the fuel crisis. Shares of Nasdaq-listed GRAB rose 3% in after-hours trading.
2h ago
3h ago
BurgerBurger enters liquidation with $2.75m net liabilities as buyer search continues
BurgerBurger Limited has entered liquidation with total assets of $2.98 million and total liabilities of $5.74m. Several items in its asset schedule are misstated or no longer valid, including a historic York Street Mechanics investment that no longer exists and Alo Hospitality shares that were realised before administrators were appointed. About $241,000 held in the company’s lawyers’ trust account at the date administrators were appointed was recovered during the administration. The case concerns a private hospitality business and does not involve publicly traded traditional financial assets.
3h ago
3h ago
TKO says UFC White House event in June ended with about a $30 million loss
The UFC’s June 2026 White House card ended with an approximate $30 million loss after the promotion covered the costs and did not sell tickets. Initial costs were expected to climb past $60 million, but sponsorships and other partnerships reduced the bill. The loss weighed on margins at UFC and across parent company TKO, though it did not prevent a strong second quarter: UFC revenue rose 29% year over year to $535.7 million, including a $64.7 million lift in media rights tied mainly to a new Paramount broadcast deal that began in January.
3h ago
4h ago
First HoldCo market value tops N6 trillion as shares hit N136.65 high
First HoldCo Plc’s share price hit a new high, briefly lifting its market capitalisation to N6.23 trillion before ending the session at N6.09 trillion. The company has 44.45 billion outstanding shares. Major shareholder Femi Otedola, through Calvados Global Services Limited, bought 1.77 billion shares for N222.20 billion on July 30, marking the second such purchase in the month. The transaction took place on the Nigerian Exchange (NGX), highlighting a shift in ownership within a domestic financial institution.
4h ago