CPI inflation recorded at 9.05% YoY in Mar’21 For the month of Mar’21, headline inflation as measured by CPI clocked-in at 9.05% YoY, taking the 9MFY21 average inflation to 8.34% YoY compared to 11.55% in 9MFY20. On a yearly basis, the jump in index came mainly due to: i) 11.6% YoY increase in food prices…
Alstom announces acquisition of Flertex
PARIS: Alstom has acquired Flertex, a group specialised in the design and manufacture of brake linings (pads and shoes) for braking systems, particularly for the rail industry but also for other industrial applications, a news release said. This acquisition expands and strengthens Alstom’s expertise in braking systems, a key element in the overall technical performance…
Cloud Nine Web3 commences trading on Frankfurt Stock Exchange
VANCOUVER: Cloud Nine Web3 Technologies announced that its common shares have commenced trading on the Frankfurt Stock Exchange under the ticker symbol “1JI0”. The Company has been assigned an International Securities Identification Number (ISIN: CA18913C1014) and a German Securities Identification Number (WKN: A2QQ2V). “We are pleased to be able to provide and grow Cloud Nine’s…
Franklin Wireless investigating battery issues
SAN DIEGO: Franklin Wireless Corp., a market leader in broadband data communications, has been notified of reports of battery issues in some of its wireless hotspot devices. The company is working with its battery and device manufacturing partners and carrier customer to determine the cause and extent of the problem. Franklin Wireless Corp. (FKWL) is…
Vilvi Groupo acquires 70% stake in SIA Baltic Dairy Board
VILNIUS: AB Vilkyškių Pieninė, which belongs Vilvi Group, has completed the procurement of 70% of the qualifying holding of SIA Baltic Dairy Board. SIA Baltic Dairy Board is a Latvian company, specialising in producing and selling high value-added dairy ingredients, and milk and whey separation. According to preliminary and unaudited data, SIA Baltic Dairy Board…
CNES and Capgemini step up cooperation on major climate challenges
PARIS: CNES President Jean-Yves Le Gall and Capgemini CEO Aiman Ezzat met to discuss the strategic issues of digital transformation and corporate social responsibility (CSR) – key priorities for both organizations – at CNES’s Head Office, where they underlined their desire to make the European space sector a key accelerator driving moves towards a sustainable…
TechnipFMC and Bombora to jointly develop a floating wave and wind power project
HOUSTON: TechnipFMC and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future, a news release said. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI) projects offshore…
The Organic Meat Company to export heat treated meat to China
KARACHI, PAKISTANI: Pakistan Stock Exchange (PSX) listed The Organic Meat Company Limited (TOML) has received approvals and has been granted registration by Chinese Customs authorities for export of heat treated beef to China, a news release said on Friday. The company has pioneered the heat treatment process whereby Foot and Mouth Disease (FMD) virus can…
Sensata Technologies acquires Xirgo Technologies for $400 million
SWINDON: Sensata Technologies has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings LLC for $400 million. Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement. The acquisition…
Tryp Therapeutics appoints Greg McKee as Chief Executive Officer
SAN DIEGO: Tryp Therapeutics Inc. has appointed Greg McKee as its Chief Executive Officer, a news release said. Mr. McKee will also continue in his responsibilities as Chairman of the Board of Directors of the Company. Mr. McKee has extensive experience leading publicly traded pharmaceutical companies and brings a vast network of relationships in the…
IM Cannabis Corp. to acquire MYM Nutraceuticals Inc. in a share exchange deal
TORONTO: IM Cannabis Corp. has entered into a definitive agreement to acquire MYM Nutraceuticals Inc. and its licensed producer subsidiary Highland Grow Inc. Under the terms of the transaction, the shareholders of MYM will receive 0.022 common shares of IMC for each common share of MYM. Based on the 20-day volume-weighted average price (VWAP) of…
Inspired Education agrees to acquire Wey Education
LONDON: Inspired Education Online Limited (Bidco) has agreed on a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Wey Education. The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders. The purpose of the Scheme…