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ubs bullish on pfc and rec driven by renewable energy growth

UBS has initiated coverage on Power Finance Corporation (PFC) and REC with Buy ratings, citing a significant shift in India's power sector. The brokerage expects these government-backed institutions to benefit from rising capital expenditure in renewables and infrastructure, projecting a price target of Rs 670 for PFC and Rs 720 for REC, indicating potential upsides of 66% and 76%, respectively. Key factors include improving credit quality, competitive fundraising capabilities, and strong earnings growth, with both companies positioned to capitalize on the energy transition.
Financialexpress
Power Finance Corporation Ltd. Employees Gratuity Fund IND
Finance & Economy, Market Report
10:47 07.03.2025

digital classifieds group appoints liquidator amid financial difficulties

Digital Classifieds Group (DCG), the parent company of Lamudi, has appointed liquidator Daniel Peter Juratowitch amid financial difficulties, as indicated by the Australian Securities and Investments Commission. DCG is currently in external administration following its acquisition of Lamudi's businesses in Indonesia and the Philippines from Dubizzle Group in October 2023. Earlier in July, Lamudi had also laid off an unspecified number of employees in Indonesia.
Tech in Asia
IDN PHL AUS Mathew Care Show more
Business & Industry, News Article
10:33 07.03.2025

Glarus KB maintains AA rating with stable outlook from Standard and Poor's

Standard & Poor's has affirmed an AA rating for Glarus KB, maintaining a "stable" outlook. The agency praised the bank's "very strong and sustainably high capitalization" and its role as a leading financial institution for private and corporate clients in Glarus and across German-speaking Switzerland. Following the announcement, GLKB shares rose 0.4% to 22.70 francs on the SIX.
finanzen.ch
Swiss Franc CHE
Business & Industry, Market Report
10:30 07.03.2025

new funds launched in india and south korea amid growing investor confidence

Palicha labeled Zomato CEO Deepinder Goyal's claims about Zepto's cash burn as “verifiably untrue.” Meanwhile, Prime Venture Partners has launched a US$100 million fund for early-stage startups in India, while South Korea introduced a US$34 billion policy fund to support strategic industries. Additionally, ByteDance is initiating a US$312 billion employee stock buyback program, reflecting increased investor confidence.
Tech in Asia
United States Dollar Animoca Brands Ltd. KOR SGP ZAF IND Deepinder Goyal JianHao Tan Show more
Business & Industry, Blog Post
10:30 07.03.2025

nissan board to discuss ceo succession amid declining performance and turmoil

Nissan's board will meet on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is under scrutiny due to the company's declining performance. Candidates include CFO Jeremie Papin, Chief Planning Officer Ivan Espinosa, and Chief Performance Officer Guillaume Cartier, though their ties to current management issues raise doubts about their suitability. The automaker is also exploring partnerships, including a possible tie-up with Foxconn, as it grapples with significant structural challenges and a recent downgrade to junk status by Fitch Ratings.
Arab News Japan
United States Dollar New Taiwan Dollar Japanese Yen USA JPN Hiroto Saikawa Jeremie Papin Makoto Uchida Yasuhiro Yamauchi Jun Seki Carlos Ghosn Ivan Espinosa Guillaume Cartier Show more
Business & Industry, News Article
10:23 07.03.2025

Rob Karofsky Emerges as Leading Candidate for UBS CEO Position

Rob Karofsky is the leading internal candidate to succeed Sergio Ermotti as UBS CEO, thanks to his extensive investment banking experience and leadership in Global Wealth Management. Known as "Killer Karofsky" for his trading skills, he is respected for his fair management style. While internal solutions are favored, UBS is also considering external candidates for the role.
Tippinpoint.ch
United States Dollar DEUTSCHE BANK AG UBS Group SA Unicredit USA Beatriz Martin Sergio Ermotti Sabine Keller-Busse Kubra Khan Beat Schmid Show more
Business & Industry, News Article
10:22 07.03.2025

Huawei secures 33 international media awards at Mobile World Congress 2025

At MWC 2025 in Barcelona, Huawei secured 33 international media awards, showcasing its leadership in smart devices and innovation. Key products included the HUAWEI Mate XT, the first commercial triple foldable phone, and the HUAWEI WATCH D2, a medically certified blood pressure monitor. The company's advancements in imaging and wearables, alongside a significant market share in tablets, highlight its commitment to technological progress and user experience.
@PRNewswire
Chinese Yuan CHN ESP Show more
Business & Industry, Press Release
10:20 07.03.2025

Middle East renewable energy sector poised for rapid growth by 2027

The Middle East, spearheaded by the UAE, is poised for a 14% annual growth in renewable energy from 2025 to 2027, with the share of renewables rising from 5% to 7%. Solar photovoltaic (PV) is set to dominate this growth, increasing its contribution from 55% to nearly 70%. Additionally, nuclear power generation is expected to rise by 20% year-on-year in 2024, further diversifying the region's energy mix.
Fast Company Middle East | The future of tech, business and innovation.
United States Dollar ARE
Environment & Sustainability, Market Report
10:14 07.03.2025

Egypt's economy projected to grow 4 percent with investment and regional cooperation

Egypt's economy is projected to grow by 4% by the end of the 2024/2025 fiscal year, with a rise to 4.5% the following year, driven by structural reforms and a strong industrial base. Minister Rania Al-Mashat emphasized regional cooperation and private-sector-led growth as key factors for sustainable economic stability and integration. Initiatives like the Egypt-Saudi Arabia electricity interconnection project further enhance regional energy networks.
Fast Company Middle East | The future of tech, business and innovation.
United States Dollar EGY Rania Al-Mashat Show more
Finance & Economy, Press Release
10:08 07.03.2025

memecoins face decline but are expected to return in the future

Memecoins appear to be in a downturn currently, but experts predict they will make a comeback in the future. The market's volatility suggests that while interest may wane temporarily, the potential for resurgence remains strong.
StartupNews.fyi
Finance & Economy, Blog Post
10:07 07.03.2025
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