SYDNEY: FMCG Industry Solutions (FMCGIS), a provider of specialized infrastructure for Australia’s fast-moving consumer goods sector, has acquired Brisbane-based Ozflow Australia, securing exclusive national distribution rights for Germany’s Wiedemann Technik drainage systems. The strategic acquisition integrates advanced hygienic drainage technology into FMCGIS’s portfolio, addressing a critical vulnerability in food and beverage manufacturing: bacterial contamination from…
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ARATA, PALTAC, and PLANET to launch product data registry for Japan consumer goods
TOKYO: Japanese distributors ARATA CORPORATION and PALTAC CORPORATION, along with data exchange firm PLANET, INC., said on Monday they will establish a new company to centralize product information management for the consumer goods industry. The new venture, Product Registry Services, Inc., aims to create a single, standardized source for product data – such as descriptions…
Avid raises $6.5 million seed funding to advance AI-powered fundraising platform
AUSTIN: Avid, developer of the first AI-powered Fundraising Operating System, announced Thursday it has raised $6.5 million in seed funding led by Silverton Partners, an Austin-based venture capital firm. The investment will support Avid’s mission to streamline nonprofit fundraising by integrating strategy and execution into a single platform. Already adopted by leading nonprofit organizations, Avid’s…
Prince Silver Corp shares begin trading on Frankfurt Stock Exchange
FRANKFURT: Prince Silver Corp (CSE: PRNC) (OTCQB: PRNCF) said on Thursday its common shares have commenced trading on the Frankfurt Stock Exchange under the symbol T130, expanding the Canadian silver explorer’s market presence to European investors. The listing adds to Prince Silver’s existing quotations on the Canadian Securities Exchange and the OTCQB in the United…
Certerra acquires Farabaugh Engineering to expand testing capabilities nationwide
REDMOND: Certerra, a leading provider of technology-enabled testing, inspection, and certification services for critical infrastructure, announced Thursday it has acquired Farabaugh Engineering and Testing, a specialized firm offering product testing, auditing, and engineering services for construction and building components. The acquisition strengthens Certerra’s Analytical Labs and Building Products Divisions, expanding its technical capabilities and geographic…
TSMC posts record Q3 profit on surging AI chip demand
TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92…
Stellantis to invest $13 billion to grow in the United States
AUBURN HILLS: Stellantis announced today plans to invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint. The investment is the largest in the Company’s 100-year U.S. history and will support the introduction of five new vehicles across the brand…
Skycorp Solar Group to acquire 24% stake in Nanjing Cesun Power for $8.7 million
KARACHI: Skycorp Solar Group Limited (NASDAQ: PN), a manufacturer of solar cables and connectors, said Tuesday it has signed a definitive agreement to acquire a 24% equity interest in Nanjing Cesun Power Co., Ltd. for approximately $8.7 million. The stake will be purchased from Skyline Tech Limited through the issuance of 12 million Class B…
EyePoint Pharmaceuticals announces $150 million public offering to fund retinal drug development
WATERTOWN: EyePoint Pharmaceuticals, Inc. announced Monday it has commenced an underwritten public offering of $150 million of its common stock. The biopharmaceutical company, which focuses on treatments for serious retinal diseases, stated that all shares in the offering are being sold by the company. EyePoint also plans to grant the underwriters a 30-day option to…
Hancock Whitney Q3 2025 profit rises 12% on higher revenue, cost management
GUFPORT: Hancock Whitney Corp (HWC.O) on Tuesday reported a 12% rise in third-quarter profit, driven by higher noninterest income and improved operational efficiency, even as deposits dipped. The Gulf Coast-based lender posted net income of $127.5 million, or $1.49 per share, for the quarter ended Sept. 30, up from $113.5 million, or $1.32 per share,…
Johnson & Johnson to spin off orthopedics unit named DePuy Synthes
NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The move comes as the health-care conglomerate raised its 2025 product revenue forecast to a range of $93.5 billion…
HCLTech raises sales guidance on AI demand; Quarterly revenue reach $3.6 billion
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…