38m ago
Universal Starch Chem posts Q1FY26 net profit of ₹325 lakh, reversing ₹251 lakh loss
Universal Starch Chem reported Q1FY26 results with net profit turning positive at ₹3.25 crore, compared with a net loss of ₹2.51 crore a year earlier. Revenue rose 21.4% year on year to ₹147.46 crore, while total expenses increased 15.4%, pointing to improved operating leverage. Basic and diluted earnings per share came in at ₹7.75 versus a loss per share of ₹5.97 in the prior-year quarter. Material costs increased, but overall profitability improved markedly.
38m ago
50m ago
Strategy sells 1,690 bitcoin for $108.6 million at $64,262 each, below its $75,385 average cost
Strategy sold 1,690 bitcoin last week for $108.6 million, at an average price of $64,262 per coin, below its $75,385 average purchase cost. The company raised $653.1 million from selling MSTR shares, directing $650 million into its dollar reserve. Proceeds from the bitcoin sale were used to buy back 1,152,020 STRC preferred shares. Strategy’s dollar reserve reached $4.65 billion, while it held 840,447 bitcoin with an unrealized paper loss of about $9.7 billion.
BTC
BTC-0.08%
50m ago
1h ago
Foxconn’s AI server unit becomes top revenue driver, taking 51% share in Q2
Foxconn’s second-quarter results show its cloud and networking business, driven by AI servers, accounted for 51% of revenue for the first time. That surpassed the smart consumer electronics segment, which includes the iPhone, at 29%. Net profit rose 35% year on year to NT$59.97bn (about $1.86bn), a record for a second quarter, on consolidated sales of NT$2.53 trillion, up 41%. First-half net profit climbed 27% to NT$109.89bn, while operating margin improved by 0.6 percentage points to 3.75%.
1h ago
1h ago
BNB Chain stablecoin holder addresses reach 79.3 million, overtaking Tron
BNB Chain’s number of stablecoin-holding addresses has climbed to 79.3 million, surpassing Tron’s 76.1 million and ending Tron’s long-running lead in the ranking. The count is up 54.5% since late 2024, rising from roughly 42 million to nearly 80 million. Ethereum follows with about 26 million addresses, ahead of Celo at 24.5 million and Polygon at 21.7 million. BNB trades around $610.70, up 7.2% over the past 30 days, and is testing its 100-day moving average near $602 with the 200-day moving average around $647 as the next resistance.
BNB
BNB+0.48%
1h ago