SINGAPORE: BlackGold Natural Resources Limited announced that it has received a letter of intent (LoI) from S Lad Group for a proposed strategic collaboration on the Group’s mining assets and an acquisition of the Company. The LOI is intended to be a basis for further negotiations between the Company and S Lad Group and does…
Tata Motors registers 82% decline in domestic sales to 23,845 units in Q1 FY21
MUMBAI: Tata Motors Limited announced its sales in the domestic & international market, for Q1 FY21, which stood at 25,047 vehicles, compared to 137,545 units during Q1 FY20. Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Amidst subdued demand environment, Q1 was marked by successful transition to BSVI across the range…
SGX to introduce SGX FTSE Taiwan Index futures
SINGAPORE: Singapore Exchange (SGX) is introducing a futures contract on the FTSE Taiwan RIC Capped Index (FTSE Taiwan) to enable global investors to gain exposure to a broad representation of large and mid-capitalisation Taiwan stocks, while meeting fund managers’ diversification objectives. The SGX FTSE Taiwan Index futures contract will be launched on 20 July 2020….
Fitch Ratings affirms PhosAgro’s investment grade credit rating of BBB-/Stable
MOSCOW: PhosAgro, one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announced that Fitch Ratings has affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at BBB- with a Stable outlook. In its announcement, Fitch Ratings noted the sustainability of PhosAgro’s business and its competitive advantages, including low cash cost of production and its…
CEO Shell Pakistan Haroon Rashid elected as President of OICCI
KARACHI: Haroon Rashid, CEO Shell Pakistan Limited, has been elected as the President of the Overseas Investors Chamber of Commerce & Industry (OICCI) with effect from July 1, 2020. His appointment came following a successful tenure of Mr Shazad Dada, who resigned as the President of OICCI after resigning from Standard Chartered Bank and taking…
MedAdvisor strikes strategic alliance with NASDAQ-listed HMS to accelerate US growth
MELBOURNE: Med-tech company MedAdvisor announced a Strategic Alliance Agreement with US-based HMS , a leading provider of payment accuracy and population health management solutions. HMS, a MedAdvisor shareholder, works with 350 US health insurance companies and more than 40 government bodies which pay medical bills on behalf of patients in the US to better engage…
Jerry Seiner acquires Henry Brown Chevrolet & Henry Brown Chrysler Dodge Jeep Ram
SALT LAKE CITY: The Jerry Seiner organization has purchased Henry Brown Chevrolet and Henry Brown Chrysler Dodge Jeep Ram in Casa Grande, AZ. This signals the introduction of the Jerry Seiner Dealerships brand in Arizona where the dealerships will re-brand to Jerry Seiner Chevrolet and Jerry Seiner Chrysler Dodge Jeep Ram. “The Jerry Seiner Dealerships…
ResAppDx-EU to be launched on Phenix Health’s Telehealth App on July 6th
BRISBANE: ResAppHealth Limited and Australia’s leading virtual super clinic Phenix Health Pty Ltd announced that ResAppDx-EU, the world’s first clinically validated and regulatory-approved respiratory disease diagnostic test, is scheduled to be available on the Phenix Telehealth app on Monday the 6th of July. Phenix and ResApp signed a software licensing agreement in June to provide…
Aerospike forms two new partnerships in Japan to meet demand for its solutions in Asia Pacific
MOUNTAIN VIEW: Aerospike Inc., announced two new partnerships in Japan with SmartScape and ASK Corporation to meet growth and demand for its solutions in the Asia Pacific (APAC) region. In just two years, Aerospike doubled headcount, customers, and revenues in the APAC region. Some of the largest, most innovative companies in the region leverage Aerospike…
Rio Tinto adds a strategy and development role to the executive committee
MELBOURNE: Rio Tinto has added a new role to its executive committee as it considers the next phase of its transformation to reinforce the company’s commitment to strategy, technology and climate change in a new era. Peter Toth will become Group executive, Strategy and Development with a focus on leading Rio Tinto’s transformation efforts around…
Credit Intelligence Limited completes acquisition of ChapterTwo Holdings
SYDNEY: Credit Intelligence Limited announced that it has now successfully completed the acquisition of a 60% interest in ChapterTwo Holdings Pty Ltd, with a completion date of 1 July 2020. The transaction marks Credit Intelligence’s first step in building a comprehensive debt management and solutions business in Australia. Headquartered in Sydney, ChapterTwo provides informal debt…
Spirit announces completion of acquisition of VPD Group
PERTH: Spirit Telecom announced that it has completed the acquisition of VPD Group. The acquisition of VPD Group is Spirit’s most transformational transaction to date. This highly strategic move will see Spirit create a new wholesale business: Spirit Partners to focus on distributing its range of products via channel partners across Australia. The acquisition assists…