Thu, Aug 8, 2024 12:14 PM
Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT
A Flip by Shubhangi Gupta
Aether Industries' shares jumped 3% after the company announced an amendment to its supply agreement with Baker Hughes, finalizing volume and pricing terms for two exclusive products to be manufactured by its subsidiary. This marks the next phase of collaboration between the companies, with production to take place at Aether's advanced facility.
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A year after posting his first ever annual loss, Brazilian hedge fund manager Rogerio Xavier pulled off a comeback. The 58-year investor, one of the founders of SPX Capital, saw the SPX Raptor fund — a more aggressive version of its flagship Nimitz offering — top 96% of peers tracked by Bloomberg last year. The fund jumped 22% after fees.
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Viva Wallet's backers sold a✅ 45% stake to JPMorgan for ✅$856 million in 2022, with a deal that included options for JPMorgan to buy the rest, valuing the company at $5 billion. However, the fintech crash and regulatory issues have led to a bitter dispute, with both sides suing each other in London.
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