Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) received a letter of award worth about $430.6 million from Tsiko Africa Logistics and Barberry Holdings, according to an Indian bourse filing on Tuesday.
Shares of the company jumped nearly 14% in Wednesday's trade.
The order is for supply of freight wagons, locomotives and components, the filing said. It also includes long-term maintenance of the rolling stock, the filing said.
The contract will be executed by 2027-2028, it added.
SoftBank Group's (TYO:9984) net income attributable to owners of the parent soared 334% to 5.002 trillion yen in the fiscal year 2025 from 1.153 trillion yen a year earlier.The investment holding and internet services company's earnings per share increased to 872.47 yen from 194.85 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales climbed 7.7% to 7.799 trillion yen for the year ended March 31 from 7.244 trillion yen in the prior year.The company declared a final dividend of 5.50 yen per share.For fiscal year 2026, SoftBank plans to pay interim and year-end dividends of 5.50 yen per share each.
U.S. Federal Bureau of Investigation and Chinese police cooperated in a joint Dubai operation targeting scam networks, days before the Xi-Trump summit in Beijing, The South China Morning Post reported Wednesday.Dubai Police said at least nine hubs were dismantled and 276 suspects arrested, according to the report.FBI Director Kash Patel called the cooperation "unprecedented," the SCMP wrote. Three suspects face U.S. fraud charges.(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.)