Kamat Hotels (India) (NSE:KAMATHOTEL, BOM:526668) signed an agreement to manage and operate a second property in Dwarka, Gujarat, under its flagship brand, The Orchid Hotel.
The luxury property will have 63 rooms and is expected to become fully operational by December, according to a Thursday filing with the Indian bourses.
Hybio Pharmaceutical (SHE:300199) received approval from Indonesia's drug and food regulatory for the marketing of carbetocin injection, which trades as Uterocin, according to a Shenzhen bourse filing on Friday.The drug is used to reduce the risk of postpartum hemorrhage.The pharmaceutical company's shares jumped by less than 4% at the close.
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.