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Birla Corporation Unveils Robust Q3 Performance and Expansion Plans Ahead
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VMPL Kolkata (West Bengal), India – May 10: Birla Corporation Limited closed FY24-25 with strong quarterly output and sales volumes, leading to a combined net profit of Rs 257 crore for the March quarter, marking a 33% increase compared to the previous year. This improvement followed three difficult quarters that impacted the whole sector.…
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AngloGold and Gold Fields Halt Merger Talks, Focus on Independent Growth
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AngloGold Ashanti Plc and Gold Fields Ltd. have halted discussions regarding a potential joint venture aimed at combining their adjacent Iduapriem and Tarkwa gold mines in Ghana. Instead, they will concentrate on enhancing the performance of their respective operations. On Tuesday, May 6, 2025, the two leading mining companies declared their choice after over…
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First National Bank Soars in Q1: Impressive Performance Unveiled!
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…experiencing a substantial improvement in capital position \xa0 First National Bank Ltd has pushed its financial recuperation further into 2025, announcing a profit of GH₵30.68 million in the initial three months, which is double what they earned during the corresponding timeframe in the previous year. This achievement follows robust trade revenues, careful enlargement of…
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Vingroup Chairman Pham Nhat Vuong Becomes Vietnam’s First Billionaire with $9B Fortune
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The founder and chairman of Vingroup, Pham Nhat Vuong, has made history as the first Vietnamese individual to amass a wealth of $9 billion, as reported by the recent Forbes update on May 8th. This accomplishment secures Vuong a position at number 330 on the magazine’s list of wealthiest individuals worldwide. The chairman of…
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Perseus Mining Transfers GH₵73M Dividend to State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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MTN Reports Robust Growth and Profitability in Q1 2025 Amid Macroeconomic Challenges
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MTN Ghana (Scancom PLC), the nation’s premier telecom company, has reported strong financial and operational outcomes for the three months ending 31 March 2025. This achievement highlights their robustness despite a difficult economic climate characterized by high inflation rates and currency devaluation of the local money known as the cedi. Even with an average…
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Century Park Seized by Receivership as Investor Billy Cheung’s Troubles Mount
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The hospitality venue known as Century Park has fallen into receivership and is being managed by a tax advisory firm amidst the escalating fiscal challenges faced by its proprietor, Chinese national Billy Cheung. As per an authoritative declaration, Century Park now operates under the jurisdictional oversight and operational command of PricewaterhouseCoopers Rwanda Limited (PwC).…
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SECP Enrolls Nearly 3,000 Firms in April: International Edition (English)
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As reported by SECP, corporate growth hastens with an addition of 2,956 new firms to the corporate sector in April 2025. This brings the nationwide tally of registered entities up to 252,321, indicating rising faith in Pakistan’s business environment. Approximately 99.9% of new company registrations are currently handled through digital processes, indicating further progress…
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PWAN Rejects SEC’s Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Cherat Cement & Shirazi Investments Aim to Take Majority Control of Rafhan Maize
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On May 9, Cherat Cement Company Limited (CCCL) along with Shirazi Investments (Private) Limited announced their plan to purchase up to 75.69% of the shares in Rafhan Maize Products Company Limited (RMPL). RMPL is among the biggest players in Pakistan’s agribusiness sector. The Manager of the Offer, Topline Securities, reported this development in an…