56m ago
Raajmarg Infra weighs follow-on share sale after ₹6k crore IPO
Raajmarg Infra, India’s first NHAI-sponsored listed InvIT, is considering a follow-on public offer (FPO) to widen retail participation and fund toll-road expansion. It has a Right of First Offer (ROFO) agreement with the National Highways Authority of India covering 1,500 km of future road assets to be transferred over the next three to five years. The InvIT has also said it aims to grow its initial portfolio through selective acquisitions of additional toll-road projects that meet its investment criteria.
56m ago
2h ago
Beach Energy reports 4.9 MMboe June-quarter output and $400 million revenue
Beach Energy Ltd reported June-quarter production of 4.9 million barrels of oil equivalent (MMboe), up 1% from the prior quarter, on total revenue of $400 million. Sales revenue fell 5% from Q3 FY26 even as the average realised oil price rose 39% to $174 per barrel. Available liquidity stood at $983 million and net gearing was 10.6%. The company said it will release FY26 full-year results and FY27 guidance on 6 August 2026.
2h ago
2h ago
Nasdaq climbs 1.29% as chip stocks rebound; investors await Alphabet, Intel and Texas Instruments earnings
U.S. stocks closed higher on Tuesday, led by a 1.29% gain in the Nasdaq, while the S&P 500 rose 0.89% and the Dow added 0.74%. The Philadelphia SE Semiconductor Index jumped 5.2% for a second straight session, lifting chipmakers including SanDisk (+14.3%), Micron (+12.2%) and Western Digital (+12.5%). Attention is now turning to upcoming earnings from major tech names such as Alphabet, Intel and Texas Instruments.
2h ago
3h ago
Grupo Mexico posts $2.20 billion Q2 profit as copper prices climb 30.5% to $6.16 per pound
Grupo Mexico reported second-quarter net profit of $2.20 billion, beating analysts’ $1.66 billion estimate as revenue rose 35% to $5.71 billion. Copper prices jumped 30.5% from a year earlier to $6.16 per pound, helping lift sales in its mining division by 41.3%. Copper output fell 3.7% to 257,537 metric tons, reflecting lower production in Peru and at its U.S. Asarco unit. The company kept its 2026 guidance of 1.034 million tons of copper and said Peru’s Tia Maria project was 42% complete, targeting start-up in the second half of the year.
3h ago