FINWIRES · TerminalLIVE
FINWIRES

Aptech Secures INR128 Million Training and Exam Contracts from Government

By

Aptech (NSE:APTECHT, BOM:532475) said it has received two contracts from government-related bodies for training and examination services, according to two separate filing on Tuesday.

Shares of the company rose nearly 2% in Wednesday's trade.

The company has been awarded a contract worth 35 million rupees from an autonomous body under the central government to conduct a training program over nine months.

In a separate order, Aptech secured a contract worth 93 million rupees from a state government body to conduct computer-based examinations, expected to begin in June.

Related Articles

Asia

China Stocks Drop Amid Doubt Over US-Iran Deal

Chinese equities closed with losses as sentiment was dampened by uncertainties surrounding the potential truce between the U.S. and Iran that could end the war, shadowing the positive industrial data.The Shanghai Composite Index lost 1.3%, or 51.65 points, to close Wednesday's trade at 4,093.73. The Shenzhen Component Index slipped 0.9%, or 139.69 points, to 15,736.47.Iran expressed doubt over negotiations being made with the U.S. to end the war, accusing the U.S. military of violating the ceasefire by attacking the Iranian province of Hormozgan. Iranian politician Abbas Moghtadaei's comment was made after Parliament Speaker Mohammad Bagher Ghalibaf returned from Qatar for the talks that could lead to a war-ending deal with the U.S.Meanwhile, the total profits of China's major industrial enterprises between January and April jumped 18% year on year to 2.436 trillion yuan, faster than the 15.5% growth in the previous month, according to data from the National Bureau of Statistics.Henan Yuneng (SHE:001896) dropped 4.9% after receiving a warning from the China Securities Regulatory Commission's Henan Bureau for breaches in disclosure.Goldwind Science & Technology's (SHE:002202, HKG:2208) Shenzhen shares fell 3.7% amid plans to repurchase part of its shares worth between 300 million yuan and 500 million yuan.

$^SSEC$^SZSE$HKG:2208$SHE:001896$SHE:002202
Asia

Chinese EV Sales Fall 6% in April, Jefferies Says

Chinese electric vehicle sales fell 6% year over year in April, contributing to weaker growth worldwide, Jefferies said in a note Wednesday.Plug-in hybrid EV sales plunged 24% year over year, while that of battery-operated EVs jumped 4% year over year.In the battery EV segment, Li Auto's (HKG:2015) market share increased 4.1% while that of Zhejiang Leapmotor (HKG:9863) jumped 2.9%.BYD's (HKG:1211, SHE:002594) market share fell 4.5% while that of Geely (HKG:0175) slid 3.9% year over year.Electric vehicle penetration surged 830 basis points year over year to 61%.EV sales across Europe, the U.S., and China slipped 0.5% year over year. Market share rose 2.5 percentage points to 33.1%, impacted by a 19% slide in Chinese market share.

$^SSEC$^SZSE$HKG:0175$HKG:1211$HKG:2015$HKG:9863$SHE:002594
Asia

Market Chatter: Taiwan Detains Trio Suspected of Smuggling Nvidia Chips to China via Japan

Taiwanese authorities detained three individuals suspected of smuggling Nvidia's advanced artificial intelligence chips to China in its first public crackdown on such illegal exports, Bloomberg News reported Wednesday.According to the report, the trio was allegedly caught falsifying documents related to exports of Super Micro Computer servers containing advanced Nvidia chips that are barred from sale to China without a license from the U.S.However, of the 50 servers seized during the crackdown, at least one had made its way to Japan before being re-routed to Hong Kong for sale onward to China, the report said.The alleged smugglers had again planned to send shipments via Japan, Bloomberg reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^TWII