Girnar Spintex Industries' (NSE:ASIL, BOM:521076) profit plunged to 1.7 million Indian rupees in the fiscal fourth quarter ended March 31 from 58.8 million rupees a year ago.
Earnings per share contracted to 0.34 rupees from 21.57 rupees a year earlier, the textile manufacturer said in a filing to the Indian stock exchanges on Wednesday.
Revenue from operations in fiscal Q4, however, increased to 366.8 million rupees from 331.7 million rupees a year ago.
Racura Oncology (ASX:RAC) said it generated proceeds of about AU$24.4 million after a total of 19.5 million piggyback options were exercised out of the 20.1 million issued at its piggyback option offer, representing a 97% conversion rate, according to a Thursday Australian bourse filing.The proceeds provide additional capital to advance the company's clinical programs in acute myeloid leukemia, lung cancer, and anthracycline cardioprotection, as well as general working capital, per the filing.The company's shares rose nearly 6% in recent trading on Thursday.
Yojee (ASX:YOJ) signed Wayfinder Cargo Solutions as the second commercial customer on its Mosaic freight forwarding platform before the full commercial release, according to a Thursday Australian bourse filing.The agreement is structured as an early adopter period running from June 8 to Aug. 31, before the full commercial release, per the filing.The companies intend to transition into a revenue generating agreement to use the Mosaic software from Sept. 1.
Sources said DeepSeek counts Tencent (HKG:0700) and Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, as investors in its debut external funding round, Reuters reported Wednesday.The Chinese artificial intelligence startup is set to raise 50 billion yuan, which could value DeepSeek between 350 billion and 400 billion yuan, according to the report.The fundraising breaks from founder Liang Wenfeng's previous strategy of relying solely on his quant hedge fund High-Flyer to back operations, Reuters wrote.(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.)