Publicly traded zinc companies

On Friday, the EV market received a jolt as Swedish electric performance carmaker Polestar began trading on the Nasdaq after going public via a SPAC transaction. Shares, trading under the ticker “PSNY,” opened the trading day valued at $13.30 but sank to less than $11 as of midday. advertisement advertisement Polestar is the latest high-profile company to go public during a rather tumultuous time on the market—and also to do so using a SPAC deal. Sustainable consumer-products company Grove Collaborative likewise went public a week ago. But Polestar, which itself was spun off from its parent company, Volvo, is among a slew of other EV makers that have gone public in recent years, such as Rivian , Fisker , Nikola , and Lordstown Motors. “By 2025, we aim to be selling 290,000 cars per year, 10 times as many as we sold in 2021,” said Thomas Ingenlath, CEO of Polestar, in a press release . “We already have a real and … [Read more...] about Polestar goes public: What to know about the electric vehicle company’s SPAC merger

Share to Twitter Share to Linkedin The U.S. Department of Defense is a huge consumer of technology, and as a result America is home to many of the world’s biggest makers of military hardware. If you were to infer from this that Americans have a love affair with defense companies, you’d be wrong. It is a longstanding tradition in the domestic political culture to view military contractors with suspicion. That tradition is not confined to one party. During the 1920s, Republicans led the charge in labeling military suppliers like Dupont as “merchants of death.” Fifty years later, during the Vietnam War, it was Democrats who took the lead in condemning the “military-industrial complex.” The latest wrinkle in this longstanding bipartisan bias is the charge that traditional defense companies are not innovative, and that if the Pentagon wants cutting-edge technology it needs to turn to commercial companies in Austin, Boston and Silicon Valley. The … [Read more...] about U.S. Defense Companies Are World-Class Innovators. Why Doesn’t Washington Know That?

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. Naza Tower in Platinum Park in the city centre is one of the group’s key assets. (Photo by www.nazatower.com) - A + A NAZA Communications Sdn Bhd, a wholly-owned subsidiary of the diversified Naza Corp Holdings Sdn Bhd, is understood to be in talks to acquire the assets of digital services provider U Mobile Sdn Bhd, sources say. In response to questions from The Edge, Naza Communications says, it is “unable to comment”. Similarly, U Mobile says it is “unable to comment on your queries”, when asked about a possible sale of U Mobile’s assets to Naza Communications. While details of the assets in question remain scarce, U Mobile had total assets of RM6.33 billion as at end-December 2020, of which RM1 billion was current assets. Another source says U Mobile had called for a request for proposal (RFP) and Naza Communications, the front runner to acquire the former’s … [Read more...] about Naza Communications looking to buy U Mobile’s assets

You know the place, even if you haven’t been there. advertisement advertisement From the outside, it has a spare, severe look. But inside, past the flower stall and barbershop, the vibe is serene and hushed. Long tables and worn leather chairs invite people to cluster; the scent of locally roasted coffee mixes with the sound of the nearby photo booth, whirring in the background. There are vintage records on the shelves and slinky indie pop on the speakers, and the late afternoon sunlight makes puddles on the century-old wood floor. The feeling is both of the moment and timeless. To a remarkable extent, this place, the Ace Hotel, is the brainchild of a single man, a lean, mop-haired native of the Pacific Northwest named Alexander Calderwood. A kind of hipster polymath, he was able to look around the corners of culture and see what was coming years, if not decades, before everyone else. In his 20-year career, Calderwood cofounded a barbershop, a … [Read more...] about Behind Ace Hotel Founder Alex Calderwood’s Creative Life And Untimely Death

HCL Tech: HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash. HCL Technologies (HCL), announced it will acquire Bengaluru-based Quest Informatics (Quest), an aftermarket, Industry 4.0 and IoT company, in an all-cash deal worth Rs 15 crore. The company founded in 2000, had revenue of Rs 13.6 crore for FY21. It has come down from Rs 18.6 crore reported in FY20. HCL Technologies also adopts Intelligent Data Migration Platform from Syniti. Pact to provide customers with improved data management strategy and higher quality data. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian IT services company HCL Technologies on Friday announced the opening of its new delivery centre in Vancouver, Canada. The centre will "significantly" expand the company's presence in the country to serve clients primarily in the hi-tech … [Read more...] about HCL Tech opens new global delivery centre in Vancouver

(Source: AFP) As the government prepares to enforce a ban on single-use plastic products from July 1, the All India Plastic Manufacturers Association (AIPMA) has warned that the move could leave about 88,000 units bankrupt. “Based on government data, about 88,000 units are engaged in the manufacturing of single-use plastic in the country. These units employ about 1 million people and contribute to exports worth Rs 25,000 crore,” said Jayesh Khimji Rambhia, co-chairman of the environment committee of AIPMA. The Ministry of Environment, Forest and Climate Change released a notification in March banning single-use plastic items from July 1. Such products include plastic plates, cups, glasses, forks, spoons, knives, straws, trays, swizzle sticks, wrapping or packing film, invitation cards, cigarette packets, and plastic or PVC banners of less than 100 microns. Other products such as earbuds with plastic sticks, plastic sticks for balloons, plastic flags, wrappers for candy … [Read more...] about About 88,000 manufacturing units to go bankrupt due to single-use plastic ban: AIPMA

Gaurav Dua is the Senior VP, Head – Capital Market Strategy & Investments, Sharekhan by BNP Paribas We expect Q4 earnings season to be quite tough for certain sectors as after an earning upgrade cycle of past 4-5 quarters, the Q4 earning season could see meaningful downgrades in estimates in select sectors like cement, FMCG, oil marketing companies, consumer durable companies, said Gaurav Dua, Head - Capital Market Strategy at Sharekhan by BNP Paribas. Talking about which stocks to focus on going ahead, he said we expect market behaviour to be skewed in favour of high quality stocks from select sectors. Do you think the market investors will have to worry more about the US Fed action than about the Ukraine-Russia war? The US Federal Reserve is expected to hike rates by 25 bps for 5/6 times this year and it is already factored in by the markets. In fact, the recent Bloomberg data indicates that the majority expect (probability of 75 percent) an aggressive 50 bps in … [Read more...] about Daily Voice | Market behaviour to be skewed in favour of high quality stocks going ahead: Gaurav Dua of Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Suven Life Sciences on Friday said its board has approved raising up to Rs 400 crore through issuance of equity shares on a rights basis. The company's board approved raising funds through issuance and allotment of equity shares having face value of Re 1 each up to an aggregate amount of Rs 400 crore on rights basis, Suven Life Sciences said in a regulatory filing. The terms and conditions for such a rights issue to eligible equity shareholders of the company would be decided at a later date by a duly constituted committee of the board, it added. "The Board of Directors has considered and approved increase in the authorized share capital from Rs 20 crore divided into 20 crore equity shares of Re 1 each to Rs 30 crore divided into 30 crore equity shares of Re 1 each and consequential … [Read more...] about Suven Life Sciences plans to raise up to Rs 400 crore through rights issue

Tata Steel Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Tata Steel Mining has completed the acquisition of remaining 10 per cent equity stake in Rohit Ferro-Tech (RFT) for Rs 20 crore, according to a company statement. On April 12, Tata Steel said its subsidiary Tata Steel Mining Ltd (TSML) has completed the acquisition of 90 per cent stake in RFT in accordance with the approved resolution plan under Insolvency and Bankruptcy Code 2016. The investment from TSML in RFT was made through a combination of equity of Rs 10 crore and inter-corporate loan of Rs 607.12 crore, the company had said. In a regulatory filing on Thursday, the steel giant said the acquisition of 10 per cent equity stake held by the Financial Creditors (FCs) in RFT was completed on June 22, 2022 for approximately Rs 20.06 crore. In a bid to augment its … [Read more...] about Tata Steel Mining completes 100% acquisition of Rohit Ferro-Tech

RC Bhargava, chairman of Maruti Suzuki India Ltd. in Noida, India, on Tuesday, June 21, 2022. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Maruti Suzuki India Ltd., the automaker that sells every other car on the nation’s roads, believes electric vehicles aren’t the answer to reducing carbon emissions in the world’s third-biggest releaser of greenhouse gases -- at least not in the immediate future. India’s largest automaker reckons that vehicles powered by hybrid technology, natural gas and biofuels present a better path toward a cleaner future than electric cars considering the nation generates about 75% of its electricity from dirty coal, Chairman R.C. Bhargava said in an interview. “Talking about electric cars without looking at the greenness of the electricity generated in the country is an inadequate approach to this … [Read more...] about Maruti Suzuki bets on hybrids over EVs in clean shift