Ding Xiangqun resigned as the chairperson of both the People's Insurance Company of China (HKG:1339, SHA:601319) or PICC, and PICC Property and Casualty (HKG:2328), according to Sunday filings with the Hong Kong bourse.
Ding resigned due to job transfer, the firms said.
Indian Renewable Energy Development Agency or IREDA's (NSE:IREDA, BOM:544026) consolidated profit declined to 4.93 billion Indian rupees in the fiscal fourth quarter ended March 31 from 5.02 billion rupees a year ago.Earnings per share fell to 1.76 rupees from 1.87 rupees a year earlier, the non-banking financial company said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4 increased to 21.4 billion rupees from 18.6 billion rupees a year ago.The board recommended a final dividend of 0.75 rupees per equity share.
Nanosonics (ASX:NAN) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from May 27, according to a Monday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on May 26, with a total voting power of 5.04%, an earlier filing showed.The company's shares rose 2% in recent Monday trade.
The Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.This move is driven by rising electricity demand from semiconductor companies and data centers, the report said.Under a new group plan calling for 15 trillion yen in investments by 2040, the company intends to replace older LNG thermal facilities with more efficient equipment while also building entirely new ones, the publication said.Beyond its home base in the Kansai region, the company plans to collaborate with partners to develop thermal and renewable energy sources, the report said.However, Mori noted that it is still too early to assess the earnings impact from rising fossil fuel costs due to Middle East tensions, the report added.(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.)