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India’s engineering R&D firm Tata Technologies reported a 96% plunge in third-quarter profit, mainly due to a one-time charge linked to India’s new labour codes, marking its steepest profit drop since listing in 2023. Net profit fell to 66.4 million rupees ($731,000) in the October–December quarter from 1.69 billion rupees a year earlier. The company […]
Private equity firm FitzWalter Capital has increased its takeover offer for Auction Technology Group to 491 million pounds ($658 million), after the company rejected multiple earlier bids. The new proposal values Auction Technology at 400 pence per share, an 11% increase from FitzWalter’s previous 360 pence offer. Shares in Auction Technology jumped as much as […]
European satellite operator Eutelsat has signed a multi-launch agreement with French startup MaiaSpace to deploy future low Earth orbit satellites, strengthening Europe’s push to reduce reliance on SpaceX. The deal, which begins in 2027, adds MaiaSpace as a complementary launch partner alongside existing providers, Eutelsat said. MaiaSpace is a subsidiary of ArianeGroup and is developing […]