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Ocado, the online grocery and technology group, has recently taken steps to extend the maturity of its existing debt. The company aims to raise £600 million through new bond issues to finance a tender offer for its existing bonds that are due in 2025 and 2026. Ocado has launched an offering of £250 million Read more: Ocado moves to extend the maturity of its existing debt, aims to raise £600 million..
Exide Industries’ Q1 FY25 results, announced on July 30, 2024, showcased a mixed performance, the company reported a 15% year-on-year increase in standalone net profit, reaching ₹280 crore. However, this figure fell short of analyst expectations, who had predicted an average profit of ₹331 crore. Exide Industries Q1 FY25 Results Key Points: Profit Increase: Exide Read more: Exide Industries Q1 Results: Profit surged 15% YoY, but missed the Analysts’ expectations..
Wedbush, a financial services firm, has recently stated that the introduction of OpenAI’s SearchGPT is likely to pose a short-term challenge for Google. This is due to investor uncertainty about the potential threat SearchGPT poses to Google’s dominance in the search engine market. Wedbush believes that SearchGPT will create uncertainty and pressure on Google’s stock Read more: OpenAI’s SearchGPT is likely to pose a short-term challenge for Google..