4h ago
Castrol India Q2 profit jumps 42.5% to ₹347 crore, declares ₹6.25 interim dividend
Castrol India reported a strong June quarter, with net profit rising 42.5% year on year to ₹347 crore and revenue up 25% to ₹1,871 crore. EBITDA margin expanded to 32.03%, supporting earnings growth. The company also announced an interim dividend of ₹6.25 per share. The results point to resilient industrial lubricant demand and stronger pricing power, offering a positive read-through for India’s industrial and consumer manufacturing stocks.
4h ago
5h ago
G City control-sale deal with Ari Real Estate and Ispro collapses one month after signing
G City’s planned real estate deal with Ari Real Estate has fallen apart. The news had previously pushed G City shares up about 20%, but the stock has since reversed and is down 3.81%, back to pre-announcement levels. Ari Real Estate shares are up more than 4% after completing financing and gaining market confidence in its ability to operate independently. The failed transaction has directly affected both companies’ share performance.
5h ago
5h ago
Sable completes 1-for-10 share consolidation, outstanding shares set at 32,023,156
Sable Resources Ltd. (TSXV: SAE; OTCQB: SBLRF) completed a 1-for-10 consolidation of its common shares on August 4, 2026, leaving 32,023,156 shares issued and outstanding. All outstanding convertible securities were adjusted in proportion to the consolidation ratio. The company described the move as a technical capital-structure adjustment and said it does not involve operational changes, asset increases or decreases, or a business transformation. It also said the action has no direct link to traditional asset markets.
5h ago
5h ago
Spotify guides to €670 million Q3 operating income as user growth slows in North America and Europe
Spotify forecast third-quarter operating income of €670 million, below Wall Street expectations, citing a sharp slowdown in user growth in North America and Europe. Second-quarter operating income beat estimates, but revenue of €4.78 billion came in slightly under forecasts. The stock is down about 16% so far this year, reflecting investor concerns about weakening growth momentum. The update weighed on traditional streaming-platform assets.
5h ago
5h ago
Exicom TeleSystems stake in Dutch unit Exicom Power Solutions B.V. falls to 90.29% after $1.5 million OCD conversion
Exicom Tele-Systems Limited’s holding in its Dutch subsidiary, Exicom Power Solutions B.V., was diluted to 90.29% from 92.23% after the subsidiary’s board approved the conversion of $1.5 million in Optionally Convertible Debentures (OCDs) into ordinary shares. The conversion is part of an ongoing capital restructuring, taking total OCD conversions to $7 million. Following the transaction, a foreign investor holds 9.71% of the subsidiary’s equity.
5h ago
5h ago
Wayfair reports Q2 2026 revenue of $3.52 billion and adjusted EPS of 95 cents
Wayfair reported results for the second quarter of 2026, posting revenue of $3.52 billion versus expectations of $3.47 billion and adjusted earnings per share of 95 cents. Free cash flow totaled $301 million, the company’s highest since 2020, while sales in its largest market rose 8.7% year over year to $3.1 billion. The company recorded a net loss of $1 million, or 1 cent per share, compared with net income of $15 million, or 11 cents per share, a year earlier. The update was framed as a catalyst tied to improving earnings quality, with potential implications for Wayfair (W) valuation and investor sentiment.
5h ago