6h ago
Yasho Industries FY2025-26 PAT jumps 312.74% to ₹2,526 lakhs as revenue rises 22.85%
Yasho Industries’ FY2025-26 annual report shows profit after tax of ₹2,526 lakhs, up 312.74% year on year, while revenue increased 22.85%. EBITDA rose 20.98%, and net profit margin improved to 3.04% from 0.90%. The company also secured a 15-year lubricant additives supply agreement with a global multinational, with customer advances of ₹51.40 Crore. It expects the contract to contribute annual revenue of around ₹150 Crore from FY2027-28 onward.
6h ago
7h ago
Hepsiburada calls Aug. 14, 2026 shareholder meeting to approve TRY 9,321,419,250 capital increase
Hepsiburada said it will hold an extraordinary general assembly on Aug. 14, 2026 to vote on a capital increase totaling TRY 9,321,419,250. The plan involves issuing 433,269,084 new shares, lifting nominal share capital from TRY 72,368,116.80 to TRY 86,653,816.80, while keeping the nominal value at TRY 0.20 per share. The Bank of New York Mellon’s preemptive rights would be disapplied in connection with the increase under Article 461/2 of the TCC.
7h ago
9h ago
Sugar futures close higher after Brazil raises gasoline ethanol blend to 32%
Sugar prices finished higher after Brazil approved an increase in the mandatory blend of anhydrous ethanol in gasoline to 32% from 30%, strengthening incentives to channel more cane into ethanol. WTI crude oil rose more than +1% to a 1month high, adding support by improving ethanol economics. In Brazil’s Center-South, mills have reduced the share of cane used for sugar to 41.42% while lifting the ethanol share to 58.38%. Several forecasters also lowered their 2026/27 global sugar balance outlook, with Czarnikow shifting from a 1.4 MMT surplus to a 100,000 MT deficit.
9h ago
9h ago
Arabica slips 1.18% while robusta edges up 0.39% amid volatile coffee trade
Coffee futures finished mixed on Tuesday, with ICE arabica down 1.18% and ICE robusta up 0.39%. Prices have found support from delayed harvesting in Brazil, continued lack of rain in key growing areas, and concerns that El Niño could disrupt next year’s flowering. ICE inventory levels also remain a tailwind after reaching fresh multi-year lows. Two ICE margin hikes last week reduced liquidity and amplified swings, while a surge in Vietnam’s exports weighed on robusta.
9h ago
9h ago
IBM issues shareholder warning ahead of earnings, citing AI capex shift and cybersecurity disruption
IBM sent an urgent letter to shareholders eight days before its earnings release, acknowledging a quarterly performance shortfall driven by customers reallocating capital spending toward AI hardware such as servers, storage, and memory, while cybersecurity issues also distracted clients. The disclosure has reignited analyst concerns about a “SaaSpocalypse,” with enterprise software budgets facing broader pressure as AI investment rises. The note also flagged that Palantir and ServiceNow (ONUS) could face similar headwinds.
9h ago
9h ago
US stocks steady after April CPI rises 3.5% year over year, despite IBM slide
US stocks steadied after data showed April CPI rose 3.5% year over year, below market expectations, pulling Treasury yields lower and supporting a rebound in major indexes. The S&P 500 gained 0.4%, the Nasdaq added 1.1%, and the Dow slipped 0.1%. Gasoline prices continued to climb, reflecting the impact of escalating geopolitical tensions between Iran and the United States on energy costs. IBM shares fell sharply in a separate stock-specific move that did not alter the inflation-led macro trading focus.
9h ago