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Reliance partners with Meta's Facebook to develop AI services, plans to set up 70:30 joint venture — Details here
MINT· 2025-10-25 10:56
Core Insights - Reliance Industries Limited (RIL) has announced a joint venture with Facebook Overseas, Inc. to form Reliance Enterprise Intelligence Limited (REIL), focusing on enterprise AI services [1][6] - Reliance Intelligence will hold a 70% stake in REIL, while Facebook will own 30%, with an initial investment of approximately ₹855 crore [2][3] Joint Venture Details - REIL was incorporated on October 24, 2025, as a wholly owned subsidiary of Reliance Intelligence, with an initial capital subscription of ₹2 crore for 20,00,000 equity shares [3][4] - The transaction is not classified as a related party transaction, and no governmental approvals were required for its incorporation [4][5] Strategic Implications - The partnership aims to enhance enterprise technology capabilities and explore AI-based solutions for businesses, highlighting the growing significance of AI in enterprise solutions [6] - This move positions both companies strategically in the emerging field of artificial intelligence [6] Financial Performance - RIL reported a 14.3% year-on-year increase in consolidated net profit to ₹22,092 crore for the quarter ending September 30, 2025, driven by strong performances in various sectors [7] - Consolidated revenue rose 10% year-on-year to ₹2,83,548 crore, with quarterly consolidated EBITDA growing 14.6% to ₹50,367 crore, supported by higher throughput in the Oil-to-Chemicals segment and strong consumer demand [8][9]
VEON to Release 3Q25 Earnings Update on November 10, 2025
Globenewswire· 2025-10-24 09:02
VEON to Release 3Q25 Earnings Update on November 10, 2025 Dubai, October 24, 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that it will release its selected consolidated financial and operating results for the third quarter and nine-month period ended September 30, 2025, at 9:00 GST (0:00 EST) on November 10, 2025. VEON will also host a results conference call with senior management at 16:00 GST (7:00 EST) on the same day. 3Q25 results conference call To register and access the ...
Leading Independent Proxy Advisory Firms Recommend TELUS Digital Shareholders Vote FOR the Proposed Arrangement with TELUS Corporation
Businesswire· 2025-10-14 10:45
Shareholders with questions or who need assistance voting should contact TELUS Digital's proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 (1-416-304-0211 for collect calls outside North America) or by email at assistance@laurelhill.com VANCOUVER--(BUSINESS WIRE)--TELUS International (Cda) Inc. ("TELUS Digital†) (NYSE & TSX: TIXT) today announced that independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS†), has recommended that TELUS Digital shareholders vo ...
Applied Digital Corp (NASDAQ:APLD) Sees Significant Investor Interest Amidst Revenue Surge
Financial Modeling Prep· 2025-10-10 19:00
Core Insights - Applied Digital Corp (NASDAQ: APLD) has garnered investor attention with a recent price target set at $37 by Rob Brown from Lake Street, closely aligning with its current trading value of $37.31, indicating market confidence in the stock [1][5] - The stock has surged by 31.9% to $38.62, driven by fiscal first-quarter revenue that exceeded expectations, despite a quarterly loss of 3 cents per share, which was better than the anticipated loss of 13 cents per share [2][5] - APLD's stock is currently priced at $35.28, reflecting a significant increase of 20.46% with a change of $5.99, and has shown volatility with a daily range between $34.86 and $39.07, the latter being its peak over the past year [3] - The company's market capitalization is approximately $9.23 billion, indicating its substantial size in the market, with a trading volume of 52.54 million shares today, suggesting strong investor interest [4][5] Financial Performance - APLD's fiscal first-quarter revenue exceeded expectations, contributing to positive sentiment around the stock despite reporting a narrower quarterly loss [2][5] - The stock's recent performance includes a notable increase of 31.9%, reflecting investor optimism following the earnings report [2][5] Market Activity - The trading volume of 52.54 million shares indicates heightened investor interest, likely fueled by the company's AI data center capabilities [4][5] - The stock's volatility is evident with fluctuations between a low of $34.86 and a high of $39.07, showcasing market dynamics and investor reactions [3]
Applied Digital设定五年内实现10亿美元净营业收益目标
Xin Lang Cai Jing· 2025-10-10 14:46
Core Insights - Applied Digital (APLD) shares surged by 26.9% following the announcement of a target to achieve $1 billion in net revenue within five years, driven primarily by the increasing demand for large-scale artificial intelligence computing [1] - The company expanded its leasing agreement with CoreWeave, with the total contract value rising to approximately $11 billion [1]
TELUS Digital Announces Potential Delay in Delivery of Management Information Circular Due to Canada Post Strike
Businesswire· 2025-10-08 10:45
Core Points - TELUS Digital is facing potential delays in postal delivery of shareholder meeting materials due to a Canada Post labour strike, encouraging shareholders to access materials electronically [1][2] - The Special Meeting of shareholders is scheduled for October 27, 2025, to discuss a proposed arrangement with TELUS Corporation [1] - Shareholders must submit their election regarding preferred consideration by October 22, 2025, at 9:00 a.m. (Vancouver time) [7][9] Voting Process - Registered shareholders experiencing delays should contact Computershare Investor Services for individual control numbers to vote [3] - Beneficial shareholders should reach out to their brokers for assistance in obtaining control numbers and are encouraged to vote online or via telephone [4] - The proxy voting deadline is set for October 23, 2025, at 9:00 a.m. (Vancouver time) [3][4] Consideration Options - Shareholders can elect to receive either US$4.50 in cash, 0.273 of a common share of TELUS, or a combination of US$2.25 in cash and 0.136 of a TELUS share, subject to proration [8][11] - Those who do not make a valid election will be deemed to have chosen the Combination Consideration for all their shares [11] Company Overview - TELUS Digital focuses on creating digital transformations and enhancing customer experiences through various integrated capabilities, including AI and cloud solutions [18][19] - The company emphasizes responsible technology development, guided by principles that consider the broader impacts of its work [19]
Applied Digital Likely To Report Q1 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-10-07 16:00
Core Insights - Applied Digital Corporation is expected to report a quarterly loss of 16 cents per share for Q1, compared to a loss of 15 cents per share a year ago, with projected revenue of $45.46 million, down from $60.70 million a year earlier [1] Group 1: Earnings Expectations - The company will release its earnings results on October 9, with analysts forecasting a quarterly loss of 16 cents per share [1] - Projected quarterly revenue is $45.46 million, a decrease from $60.70 million in the same quarter last year [1] Group 2: Expansion Plans - On August 18, the company announced plans to begin construction on a $3 billion AI data campus in Harwood, North Dakota, named Polaris Forge 2 [2] - The facility will have a capacity of 280 megawatts and is expected to start operations in 2026, reaching full capacity by early 2027 [2] - Following the announcement, Applied Digital shares increased by 4.5%, closing at $27.71 [2] Group 3: Analyst Ratings - HC Wainwright & Co. analyst Kevin Dede maintained a Buy rating and raised the price target from $15 to $20 [8] - Lake Street analyst Rob Brown also maintained a Buy rating, increasing the price target from $14 to $18 [8] - Needham analyst John Todaro raised the price target from $12 to $16 while maintaining a Buy rating [8] - B. Riley Securities analyst Nick Giles increased the price target from $8 to $15, maintaining a Buy rating [8] - JMP Securities analyst Greg Miller maintained a Market Outperform rating and raised the price target from $12 to $18 [8]
AARP partners with Prisidio startup to launch secure digital vault for seniors
Yahoo Finance· 2025-10-06 18:19
Core Insights - Prisidio, a start-up based in Naples, Florida, has formed a unique partnership with AARP, providing its members access to a "digital vault" at discounted rates [1][6] - The digital vault is a cloud-based platform designed to securely store and organize confidential information, allowing users to share it digitally with important individuals in their lives [2][4] - The partnership with AARP allows members to access a limited plan for $20 per year or an unlimited plan for $95 per year, with the unlimited plan typically costing $150 annually [5] Company Overview - Prisidio's digital vault can store various types of vital information, including wills, insurance policies, and vaccination records, addressing the challenge of scattered personal information [4] - The platform is accessible via mobile app and computer, with most interactions occurring through the app [5] Partnership Details - AARP selected Prisidio as a participant in its AgeTech Collaborative in 2022, providing mentorship and support for growth aimed at seniors [6] - The partnership evolved from a successful small-scale trial with AARP members to a formal collaboration, described as a "one-of-one partnership" by Prisidio's CEO [6] - The AARP Digital Vault, powered by Prisidio, was launched in March, with marketing efforts intensifying in July and an official announcement made via press release [7]
Scotiabank Raises its Price Target on TELUS International (Cda) Inc. (TIXT) to $4.50
Yahoo Finance· 2025-09-30 21:01
Core Insights - TELUS International (Cda) Inc. has garnered significant hedge fund interest and is listed among the 10 Cheapest Penny Stocks to Buy Now [1] - Scotiabank has raised its price target for TELUS International from $3.40 to $4.50, reflecting a proposed acquisition price that is approximately 32% higher than the initial offer [2][3] - The acquisition agreement between TELUS Corporation and TELUS International is viewed as a favorable outcome for shareholders, particularly in the current macroeconomic environment [4] Price Target Revision - Scotiabank's price target revision follows TELUS Corporation's agreement to fully acquire TELUS International, indicating optimism about the deal [2][3] - The revised target price of $4.50 aligns with the acquisition price, which is significantly higher than the initial offer [3] Company Overview - TELUS International provides global digital customer and AI-driven solutions, including cloud and automation services, trust and safety, and AI data solutions [4] - The company is recognized as one of the 10 Cheapest Penny Stocks to Buy Now, highlighting its potential for investment [4]
From Paper Waste to Green Tech: How PTOP's Mobicard Helps Save Trees and Improve Efficiency Worldwide
International Business Times· 2025-09-29 19:13
Core Insights - The environmental impact of traditional business cards is significant, with an estimated 4 billion trees cut down annually for paper production, a large portion of which is attributed to business cards that are often discarded after a single use [1][6] - Peer To Peer Network, through its MobiCard digital business card platform, aims to reduce this waste by providing a more efficient and sustainable alternative to paper cards [5][7] Environmental Impact - Over 80% of printed business cards are discarded within a week, leading to substantial paper waste [6] - Digital business cards eliminate the need for paper, ink, and reprints when contact information changes, thus saving both money and trees [6] Technological Advantages - MobiCard allows users to share contact information via QR codes, email, text messages, or social media, enhancing connectivity [6] - The platform provides real-time analytics, enabling users to track engagement with their digital cards, which is not possible with paper cards [6] Market Relevance - The digital card format is particularly advantageous in networking-intensive industries like real estate, where immediate information exchange is crucial [6] - Features such as instant notifications when a card is opened create real-time opportunities for follow-ups and client engagement [6][7] Future Vision - The company envisions a future where the demand for paper business cards is eliminated, contributing to a measurable reduction in paper consumption [6][7] - The shift towards digital business cards aligns with broader trends in sustainability and technological advancement across various industries [7]