Emrock Corp. (BOM:531676) acquired a 50.49% stake in Emrock Energy Pvt. Ltd. through subscription to equity shares under a preferential allotment/private placement, according to a Friday filing on BSE.
Following the transaction, Emrock Energy has become a subsidiary of the company, the filing said.
Emrock Energy operates in the renewable energy and waste-to-energy segment, including solar power and biomass-based energy projects, it added.
Chinese steel mill profitability hit its highest level since August 2025, but whether the development could last remains a question, Bloomberg News reported Friday, citing data from consultancy Mysteel.In a weekly survey of 247 plants, about 64% of them are profitable, thanks to solid downstream competition and stronger exports, the report said.This is the second time the levels have exceeded since October 2024, the news agency reported.The improvement, however, could be short-lived because it was not driven by "genuinely booming demand" but by supply-demand mismatch and domestic-overseas price gap, MySteel analyst Steven Yu reportedly 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.)
Bank of China (SHA:601988, HKG:3988) completed Friday the issue of 30 billion yuan undated capital bonds to replenish its additional tier 1 capital.The bonds carry a coupon rate of 1.95% during the first five years, following which they will be reset every five years and can be redeemed on every distribution payment date, according to a filing with the Hong Kong bourse.
Gland Pharma's (NSE:GLAND, BOM:543245) attributable consolidated profit almost doubled to 3.67 billion Indian rupees in the fiscal fourth quarter from 1.87 billion rupees a year ago.Earnings per share jumped to 22.23 rupees from 11.32 rupees over the period, according to a Friday filing to the Indian stock exchanges by the pharmaceutical company.Revenue from operations during the quarter also increased to 17.43 billion rupees from 14.25 billion rupees a year earlier.The company's board recommended a final dividend of 20 rupees per share for the financial year ended March 31.