Google’s lead India counsel, Bijoya Roy, has resigned after roughly 16 months in the role. The exit comes as Google faces ongoing regulatory scrutiny and legal challenges in India. India remains a key market for Alphabet (NasdaqGS:GOOGL), including plans for a US$15b AI infrastructure investment. Alphabet, through Google, relies on India for user growth, product adoption and broader ecosystem expa...
Google’s lead India counsel, Bijoya Roy, has resigned after roughly 16 months in the role. The exit comes as Google faces ongoing regulatory scrutiny and legal challenges in India. India remains a key market for Alphabet (NasdaqGS:GOOGL), including plans for a US$15b AI infrastructure investment. Alphabet, through Google, relies on India for user growth, product adoption and broader ecosystem expansion across search, YouTube, Android and cloud services. At the same time, tech companies...
Argan ( AGX ) shares jumped ~10% to ~$450 in pre-market trading after reporting strong Q4 and FY26 results. The stock has been moving in an upward direction, trading near $492.60 (+12.60%) in the past month and around ~$451.25 (+3.15%) over the past week, showing both volatility and positive momentum. In Q4, Argan reported solid revenue of ~$262.05M, up $29.58M Y/Y from $232.47M. For the full year...
Argan ( AGX ) shares jumped ~10% to ~$450 in pre-market trading after reporting strong Q4 and FY26 results. The stock has been moving in an upward direction, trading near $492.60 (+12.60%) in the past month and around ~$451.25 (+3.15%) over the past week, showing both volatility and positive momentum. In Q4, Argan reported solid revenue of ~$262.05M, up $29.58M Y/Y from $232.47M. For the full year, revenue reached ~$944.61M, up $70.43M Y/Y from $874.18M. The company’s gross profit stood at $65.6M with a 25% margin, while net income came in at $49.2M. This solid profitability trend continued into the full year, with EBITDA rising to $162.80M (+$49.30M Y/Y) compared with $113.50M from the previous year. This surge shows improved operation execution and cost efficiency among projects. Backing the scenario, CEO David Watson said the company added $2.5B in new contracts during FY26, taking its total backlog to over $2.9B by year-end. He also pointed out that strong demand is coming from the growth of AI data centers, electrification trends, and the need to upgrade old power infrastructure. The company ended the year with $895M in cash and investments, net liquidity of $421M, and zero debt. It also increased its quarterly dividend to $0.50 per share in fiscal 2026, marking the third year in a row of dividend hikes. Looking ahead, Argan ( AGX ) expects to add a few new projects over the next 12–20 months. The company guided FY27 revenue between $415M and $440M, which is higher than the $385.68M consensus, with adjusted EBITDA expected in the range of $0–$10M. However, CFO Baugher added that it is still too early to give a clear view on FY27 gross margins, but the company remains confident because of its strong backlog and ongoing projects. More on Argan Argan, Inc. 2026 Q4 - Results - Earnings Call Presentation Argan, Inc. (AGX) Q4 2026 Earnings Call Transcript Argan: AI And Power Demand Growth At Hefty Premium - Reiterate Hold Biggest stock movers Friday: U, VERI, and mor...
Stingray Group Inc. ( RAY:CA ) declares $0.085/share quarterly dividend , in line with previous. Forward yield 2.37% Payable June 15; for shareholders of record May 29; ex-div May 29. See RAY:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Stingray Group Inc. Historical earnings data for Stingray Group Inc. Dividend scorecard for Stingray Group Inc. Financial information for Stingra...
Stingray Group Inc. ( RAY:CA ) declares $0.085/share quarterly dividend , in line with previous. Forward yield 2.37% Payable June 15; for shareholders of record May 29; ex-div May 29. See RAY:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Stingray Group Inc. Historical earnings data for Stingray Group Inc. Dividend scorecard for Stingray Group Inc. Financial information for Stingray Group Inc.
Hong Kong’s rail giant has announced it will keep fares unchanged for the coming year after an annual review, marking the second year without any increase. “The corporation will continue to offer ongoing fare concessions, covering the elderly, children, eligible students and persons with disabilities … benefiting more than 600 million passenger trips,” the MTR Corporation said. “The total value of...
Hong Kong’s rail giant has announced it will keep fares unchanged for the coming year after an annual review, marking the second year without any increase. “The corporation will continue to offer ongoing fare concessions, covering the elderly, children, eligible students and persons with disabilities … benefiting more than 600 million passenger trips,” the MTR Corporation said. “The total value of these concessions exceeded HK$3.2 billion [US$409 million] last year.” The fare freeze was the...
years/iStock via Getty Images Objective Use for Morningstar category Attractive risk-adjusted returns One-stop investment for 529 education savings Target-Enrollment 2027 Click to enlarge Highlights U.S. stocks extended a historically fast rebound that began in early April, although upward momentum slowed in the final quarter of the year. The advance was supported by strong corporate fundamentals,...
years/iStock via Getty Images Objective Use for Morningstar category Attractive risk-adjusted returns One-stop investment for 529 education savings Target-Enrollment 2027 Click to enlarge Highlights U.S. stocks extended a historically fast rebound that began in early April, although upward momentum slowed in the final quarter of the year. The advance was supported by strong corporate fundamentals, a resilient economy, an ongoing boom in spending on AI, and the Fed's interest rate reductions of 0.25% in October and December. Healthcare, a laggard for much of 2025, was the top-performing sector in the S&P 500 Index during Q4. Market review and outlook U.S. stocks gained 2.66% in the fourth quarter, according to the S&P 500 Index, extending a historically fast rebound that began in early April, but at a slower pace. The advance was supported by strong corporate fundamentals, a resilient economy, an ongoing boom in spending on artificial intelligence, and the U.S. Federal Reserve's (Fed's) interest rate reductions of 0.25% in October and December. Amid this favorable backdrop for higher-risk assets, the index closed the year just shy of its all-time high. Value stocks modestly outpaced growth in Q4, while large caps had only a slight advantage over small caps, as investors' appetite for risk waned versus the prior three months. In the fourth quarter, the index's narrow advance was driven by the defensive-oriented healthcare sector (+12%), which particularly shined in November. The growth-oriented communication services sector rose about 7%, benefiting from the transformative potential of generative AI. All other groups lagged the index. Notably, IT, which represented 35% of the S&P 500 Index in Q4, rose about 1%. International developed-market stocks advanced 4.89%, as measured by the MSCI EAFE Index. The discrepancy between value and growth stocks was more pronounced in this index, again in favor of value over growth. The MSCI Emerging Markets Index notched a 4.72% ris...
Approval of the royal’s membership doesn’t strike one as the most rigorous enforcement of the democratic principle For the diary this week I think we should put our heads in the sand, pretend the world isn’t happening, and take refuge instead in the funniest, rudest Aussie TV show in history – namely, season two of Deadloch, which just dropped on Amazon Prime. We pride ourselves in Britain on lead...
Approval of the royal’s membership doesn’t strike one as the most rigorous enforcement of the democratic principle For the diary this week I think we should put our heads in the sand, pretend the world isn’t happening, and take refuge instead in the funniest, rudest Aussie TV show in history – namely, season two of Deadloch, which just dropped on Amazon Prime. We pride ourselves in Britain on leading the world in baroque swearing, so it pains me to say this, but I think the Aussies might have the edge. Continue reading...
Clarke ( CLKFF ) said on Friday it will acquire Ravelin Properties REIT in a deal valued at about $1.1B, including debt, creating a combined entity worth roughly $1.7B. The transaction, to be executed via a court-approved plan of arrangement, covers all outstanding REIT units and convertible debentures. REIT unitholders will receive about 0.582 Clarke shares per 1,000 units, while debentureholders...
Clarke ( CLKFF ) said on Friday it will acquire Ravelin Properties REIT in a deal valued at about $1.1B, including debt, creating a combined entity worth roughly $1.7B. The transaction, to be executed via a court-approved plan of arrangement, covers all outstanding REIT units and convertible debentures. REIT unitholders will receive about 0.582 Clarke shares per 1,000 units, while debentureholders will get roughly 14.562 shares per $1,000 principal, with early consenting holders sharing 150,000 additional Clarke shares. The offer implies a premium of about 93% to the debentures’ 20-day volume-weighted average price and 171% to their March 26 closing price on the TSX. The company expects to issue about 2.5M shares, or 19.3% of its outstanding stock, with existing shareholders owning about 83.8% of the combined company and Ravelin security holders about 16.2% after closing. The deal aims to address Ravelin’s financial difficulties, including debt defaults and funding needs, with about C$157.95M of debentures to be converted into equity, reducing loan-to-value to about 68.5% from 94.2% at end-2025. The agreement will provide immediate liquidity and balance-sheet certainty to Ravelin security holders, with long-term upside through exposure to Clarke’s platform. The combined entity is to exceed $1.8B in assets, offering greater scale, market visibility, reinvestment flexibility, and cost savings. The agreement includes a $1M termination fee and non-solicitation provisions, and Ravelin’s units and debentures are expected to be delisted from the TSX upon closing. The transaction is expected to close in the second quarter of 2026 More on Clarke Financial information for Clarke
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at one investment trust’s last-ditch attempt to thwart a determined activist, how advisers are counselling clients fretting over private credit and a possible answer to private equity’s liquidity prayers. But first...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at one investment trust’s last-ditch attempt to thwart a determined activist, how advisers are counselling clients fretting over private credit and a possible answer to private equity’s liquidity prayers. But first we look desperate calls by industry leaders to focus on facts not fears. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Tinderbox talk Leaders of the world’s biggest money managers are pouring energy into defense of private capital markets, pointing fingers at advisers for failing unwitting investors and at industry foes who they say are manufacturing crisis where none exists. Doug Ostrover , co-chief executive officer at Blue Owl Capital , said distribution teams targeting retail and high-net-worth clients “could have done a better job” at explaining the liquidity characteristics of private credit. “Between us, and the advisers who sell our products, I don’t think we made it clear enough,” he told the Asia Pacific Financial and Innovation Symposium on Thursday. Ostrover’s comments reflect increasing frustrations in an industry bracing for fresh redemptions from stricken business development companies and costly markdowns on billions of dollars of software investment bets upended by AI. Investors have looked to pull roughly $13 billion from over a dozen funds so far this quarter, according to Bloomberg estimates and data from Robert A Stanger & Co. , but more than $4.6 billion of investor capital lies trapped behind withdrawal limits. In an op-ed shared with Going Private , Blackstone Chief Legal Officer John Finley evoked John Ford’s classic Western \ The Man Who Shot Liberty Valance \ “The conventional wisdom is that the current stress in private credit demonstrates that it is ill-suited to retail investors because...