Author: Lucas

Premier Energies is expanding into transformer manufacturing. New Delhi, Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 per cent stake in Transcon Industries for a total consideration of ₹500.3 crore.The acquisition is a key milestone in its strategy to become a fully-integrated clean energy solutions provider, Premier Energies said in a statement. The renewable energy player said it has entered into definitive agreements to acquire a 51 per cent ownership interest in Transcon Industries for a total consideration of ₹500.3 crore. “This investment marks our foray into the fast-growing transformer business on the…

THE lucrative European Championship will take place in Dortmund this week, with some big names eyeing the huge jackpot. Top seed Nathan Aspinall arrives in good form after he won the German Darts Championship last Sunday to claim his third European Tour title of the year. Sign up for the Sport newsletter Thank you! Luke Littler can become world No1 this weekendCredit: Shutterstock Editorial EUROPEAN CHAMPIONSHIP 2025 LIVE COVERAGE Luke Littler, Luke Humphries and Michael van Gerwen are among the top 32 players on the 2025 Euro Tour rankings, who have earned the right to compete for the prestigious title…

The acquisition of Transcon, which manufactures a wider range of transformers, including solar and distribution, will help Premier Energies move further downstream, offering integrated and bundled solutions to power producers, DISCOMs, and industrial customers, while shifting focus toward the higher-value medium voltage, high voltage, and extra high voltage segments over time. Source link

The JLR cyber-attack was largely responsible for the slump in UK car production, the SMMT said, because other manufacturers reported stable figures for the month.The attack is also estimated to cost £1.9bn and be the most economically damaging cyber event in UK history, according to research published on Tuesday.The Cyber Monitoring Centre (CMC) found 5,000 businesses have been affected by the event and a full recovery will not occur until January 2026.JLR said production across sites in Solihull, Wolverhampton and Halewood was returning in a phased approach.The maker of the Jaguar I-Pace and Range Rover Sport is the second-largest car…

Most-active gold futures gained some ground early in the day, before reversing course and ending the session at $4,065.40 a troy ounce, down 1.1%.Prices remain elevated by historical standards: Gold only broke above $4,000 for the first time earlier this month.Front-month gold futures fell 1.1% to $4,044.40. Silver futures were close to flat, gaining less than 0.1% to $47.461 an ounce. while platinum futures traded modestly higher. Source link

Beyond investment portfolios, digital currencies are finding practical applications in everyday Australian life. As of June 2025, Australia hosts more than 1,800 active cryptocurrency ATMs, with over 400 added this year alone. These machines in Sydney, Melbourne, Brisbane, Perth, and Adelaide offer convenient cash-to-crypto purchases, making digital currency access increasingly straightforward for average consumers. Source link

Delfin Midstream has entered into a letter of award (LOA) with Samsung Heavy Industries confirming the South Korean company as the exclusive engineering, procurement, construction and installation … Source link

The housing finance segment has drawn renewed attention after Can Fin Homes reported a solid September quarter, with profits exceeding market expectations on the back of stronger margins and contained credit costs. Jefferies said the company’s performance showed “resilience in spreads and sustained operating leverage,” setting up a favourable base for growth in FY26. The brokerage said Can Fin Homes’ September quarter profit rose 19% year-on-year to Rs 250 crore, aided by better margins and lower credit costs, while loan growth and asset quality stayed steady. The brokerage maintained its ‘Buy’ call on the stock, pointing to scope for re-rating…

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning, happy Friday and welcome back to FirstFT Asia. In today’s newsletter:Indian and Chinese refineries hit pause on Russian oilTrump pardons Binance crypto founderSingapore’s PM on the post-American orderThe challenge of securing the LouvreIndia and China’s largest refineries are looking at curbing purchases of Russian crude, as US sanctions on Russia’s largest oil companies reverberated through global energy markets yesterday. What to know: Senior traders…

Automation is changing how traders qualify, scale, and get paid—and nowhere faster than inside prop firms. The basic concept involves bringing effective trading rules to the table while the company provides funding support and risk management systems. When selecting a program for development you should include NextPropTrader in your evaluation process to assess how different firms handle algorithmic trading through their execution restrictions and news sensitivity periods and data access regulations. What is prop firm trading A proprietary trading firm known as “prop” firm allows traders to execute trades using their personal investment capital instead of their own funds. The…