NEW YORK: HCLTech Ltd., India’s third-largest software services exporter, raised its full-year sales forecast after quarterly revenue from advanced artificial intelligence solutions crossed $100 million, signaling a new phase of monetization for the technology. The company now expects constant-currency services revenue to grow 4% to 5% in the fiscal year through March 2026, up from…
Author: NNR
ABB and NVIDIA collaborate to develop next-generation AI data centers
ZURICH: Swiss technology leader ABB announced today it is accelerating the development of gigawatt-scale data centers in a collaboration with U.S. chipmaker NVIDIA, focusing on the advanced power solutions required for soaring artificial intelligence (AI) workloads. The partnership will center on creating high-efficiency, scalable power delivery systems, specifically supporting NVIDIA’s planned introduction of an 800 VDC…
Tritax Big Box REIT to acquire £1 billion UK logistics portfolio from Blackstone
LONDON: Tritax Big Box REIT plc (BBOX) announced Monday it has agreed to acquire a £1.035 billion ($1.32 billion) portfolio of logistics properties from funds advised by Blackstone Europe LLP, a move that significantly expands its holdings in the high-demand UK logistics market. The acquisition, expected to close on or around Oct. 22, 2025, will…
PPHC files for proposed U.S. IPO, Nasdaq listing
LONDON: Public Policy Holding Company, Inc. a leading global strategic communications provider offering a comprehensive range of advisory services in the areas of Government Relations, Public Affairs and Corporate Communications, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common…
Ainsworth Game Technology CEO Harald Neumann steps down, COO named acting successor
LAS VEGAS: Ainsworth Game Technology Limited announced Thursday that CEO Harald Neumann has resigned effective immediately. The company’s board acknowledged Neumann’s contributions during his tenure. The board said it will begin a comprehensive search for a permanent CEO, considering both external and internal candidates. In the interim, Ryan Comstock, the company’s chief operating officer, based…
Elementos secures option to acquire 50% of Spanish tin smelter, Iberian Smelting SL
BRISBANE: Australia-based Elementos Ltd. (ASX: ELT) has signed binding agreements to acquire up to 50% of Iberian Smelting SL, owner of the Robledollano Tin Smelter in Extremadura, Spain, marking a strategic leap toward establishing the European Union’s only vertically integrated primary tin supply chain. The €3.625 million deal, structured as a five-year call option, positions…
IsoEnergy to acquire Australia’s Toro Energy in uranium sector consolidation move
PERTH: Canadian uranium developer IsoEnergy Ltd. has agreed to acquire Australian counterpart Toro Energy Ltd. in an all-share deal that aims to create a diversified uranium company with assets across top-tier mining jurisdictions, the companies announced on Sunday. Under the terms of the scheme implementation deed, Toro shareholders will receive 0.036 of an IsoEnergy common…
Catapult Sports to acquire German soccer analytics firm IMPECT in €78 million deal
SYDNEY: Catapult Sports Ltd (ASX:CAT), a global leader in sports performance technology, said on Monday it will acquire German soccer analytics firm IMPECT GmbH for up to €78 million (US$91 million), as part of a strategic push to expand its data-driven scouting and tactical analysis capabilities. The acquisition will be funded through a fully underwritten…
Beyond Paris and Tokyo: Chinese tourists fuel a Middle East travel boom
Move over, Bali. Step aside, London. Chinese travelers are embarking on a new adventure, and their destination of choice is surprising the tourism world: the Middle East. Spurred by easier visa rules, a flood of new direct flights, and a thirst for unique experiences, Chinese outbound travel to the region is exploding. Data from the recent…
AI Technology Group to acquire AVM Biotechnology
SEATTLE: AI Technology Group Inc. (OTCID: AIPG) said Friday it has filed an amended Form 10 with the U.S. Securities and Exchange Commission and signed a definitive agreement to acquire AVM Biotechnology Inc., a clinical-stage biopharmaceutical company developing a novel cancer therapy. Under the agreement dated July 31, 2025, a newly formed subsidiary of AI…
Bristol Myers Squibb signs deal to acquire Orbital Therapeutics for $1.5 billion
NEW YORK: Bristol Myers Squibb (NYSE: BMY, BMS) and Orbital Therapeutics have entered into a definitive agreement in which BMS will acquire Orbital, a privately held biotech firm at the forefront of developing next-generation RNA-based therapies. Orbital’s platform focuses on in vivo immune system reprogramming, offering highly targeted, adaptable treatments designed to address the intricate…
Pacgold aims for Q4 2025 gold production with acquisition of White Dam Project
SYDNEY: Australian gold exploration and development company Pacgold Limited (ASX: PGO) plans to recommence gold production at the newly acquired White Dam Gold Project by the fourth quarter of 2025, according to a company investor presentation. The acquisition of the South Australia-based project, located 50 kilometers west of Broken Hill, is central to Pacgold’s strategy…