Baazar Style Retail (NSE:STYLEBAAZA, BOM:544243) has opened two new stores of Style Baazar at Chitaipur in Uttar Pradesh, India, and Muzzafarpur in Bihar, India, on Friday, according to a same-day filing to the Indian stock exchanges.
With this addition, the total number of stores of the company has increased to 272.
The company's shares were down nearly 2% in recent trade.
Recruit Holdings (TYO:6098) reported solid profit expansion in fiscal 2025 on steady income and forecast a repeat in the coming fiscal year, according to a Friday filing with the Tokyo bourse.The Japanese staffing company's profit attributable to owners of the parent registered at 496.9 billion yen, up 22% on year.Earnings per share in the year ended March 31 reached 347.59 yen, up from 268.32 yen a year earlier.Recruit's revenue came in at 3,697 trillion yen, up a modest 3.9% on year.The company also reported that operating income rose 29% on year to 630.5 billion yen.By another metric, EBITDA-S, Recruit's black ink rose to 794.3 billion yen, up 17% on year. EBITDA-S is defined as operating income plus depreciation and amortization, excluding depreciation of right-of-use assets, plus share-based payment expenses, plus or minus other operating income and expenses.For fiscal 2026, Recruit expects profit attributable to owners of the parent at 623.0 billion yen, up 25% year.The company's EPS in fiscal 2026 is estimated to reach 447.0 yen, up 28% on year.Revenue is projected at 4,030 trillion yen, up 10% on year, indicating a faster rise than in the previous year.Specifically, Recruit expects strong revenue growth in its human resource technology segment driven by AI capabilities."By sustaining this AI-driven virtuous cycle, we believe it is well within our reach to not only maintain double-digit annual revenue growth, but to achieve 20% or greater revenue growth when hiring demand recovers," said Recruit CEO Hisayuki Deko Idekoba.Recruit shares rose 0.6% in Tokyo on Friday trading.
Indonesian Transport Ministry has unleashed emergency tariff relief for its domestic aviation sector to help carriers manage rising aviation fuel costs, Jakarta Globe reported Thursday.The move came after average aviation fuel prices rose to 29,116 Indonesian rupiah per liter. Under the revised framework, airlines are now allowed to impose fuel surcharges of up to 50% of the government's upper airfare limit, effective May 13, the report said.Civil Aviation Director General Lukman Laisa said the adjustment is aimed at reflecting ongoing fuel price volatility while ensuring the airline industry remains financially stable. He added that the policy is meant to balance pressure on carriers with the need to protect consumers and keep fares affordable, as per the report.Airlines must also list fuel surcharges separately on tickets to improve transparency, the news outlet said.(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.)
U.S. officials said the reopening of the Strait of Hormuz is in China's best interests as they are the biggest consumer of Iranian oil.Treasury Secretary Scott Bessent told CNBC in an interview that the reopening of the waterway would largely benefit China as it gets a third of its energy from the Gulf."I think they will be working with, behind the scenes, to the extent anyone has any say over the Iranian leadership," Bessent told CNBC's Joe Kernen on Squawk Box, according to the report on Friday.Bessent said Iranian oil represented about 10% of China's purchased energy. China also buys liquefied gas from other Middle East nations.Meanwhile, Trade Representative Jamieson Greer said in an interview with Bloomberg TV that China is probably more negatively affected by the war in Iran than the U.S.Greer told Bloomberg that there was a brief conversation regarding the reopening of the strait but did not get into a discussion regarding China's actual participation, according to the Friday report.(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.)