Leading The Next Cycle: NSE’s Trust-First Agenda For India’s Capital Markets
The National Stock Exchange (NSE) has unveiled a "trust‑first" agenda aimed at scaling India’s capital markets while preserving stability, fairness and public confidence. Over the next 12‑18 months it will expand product suites, deepen SME pipelines, and broaden geographic and investor‑category participation, backed by a technology‑first infrastructure. NSE also commits to robust governance, cyber‑resilience, and enhanced investor education, targeting Rs 19.6 lakh crore of fund mobilisation by 2025. Five‑year goals include higher household ownership, stronger clearinghouse buffers and measurable improvements in investor outcomes.
The Feds Pulled $1.5B From Tribal Clean Energy. Tribes Are Finding Another Way.
The Trump-era tax bill stripped $1.5 billion from tribal clean‑energy programs, leaving nearly 1,600 projects underfunded. In response, the Colorado River Indian Tribes launched an agrivoltaics pilot through the new financing entity Huurav, pairing solar panels with crops. Tribes are turning...
Minutes of the Sole Shareholder’s Resolution: Reserve Distribution
Barings Core Spain Socimi S.A., a diversified REIT listed on Euronext, held a sole‑shareholder meeting on March 10, 2026 to approve a reserve distribution. The resolution authorises a cash payout drawn from accumulated reserves, aligning with the company’s dividend policy. The distribution...
How the Transition From FIRE to IRIS Is Impacting Finance Teams
The IRS is retiring its long‑standing FIRE platform and moving to the modern Information Returns Intake System (IRIS) with a full shutdown slated for December 2026. Finance teams must secure a new Transmitter Control Code, manage dual‑system testing, and redesign workflows...
Nonprofit Aims To Modernize Manufacturing by Clearing Capital Hurdle
A nonprofit, the API Innovation Center (APIIC), is tackling the capital barrier that prevents U.S. drug makers from adopting continuous manufacturing. By pooling state, federal, philanthropic and private funds, APIIC installs equipment at manufacturers at no upfront cost, de‑risking the...
Cboe Introduces Innovative Prediction Markets Framework
Cboe Global Markets announced a patent‑pending prediction‑market framework that adds a middle‑ground payout tier to traditional binary contracts. The new structure offers three possible outcomes—a $0 payout, a partial payout within a defined "payout zone," or a full $100 payout....
Karen Petrou, Influential Fiscal Policy Analyst and Critic, Dies at 72
Karen Petrou, a renowned fiscal policy analyst and founder of Federal Financial Analytics, died on Feb. 21 at age 72 after battling metastatic breast cancer. For four decades she advised the world’s largest banks and trade groups on banking regulation, especially the...
SEDEMAC IPO: A91 Partners Nets ₹325 Cr, Most Investors Post Over 3X Gains
SEDEMAC, a deep‑tech firm, launched an offer‑for‑sale IPO of 80.43 lakh shares worth ₹1,087 cr, valuing the company at up to ₹5,970 cr. A91 Partners emerged as the top seller, earning ₹325 cr and achieving a 3.6× return while retaining a 56.2 lakh‑share stake. Nandan...
Mongolia Seeks to Amend Rio’s Oyu Tolgoi Mine Loan, FT Reports
Mongolia’s government is moving to renegotiate the loan it obtained from Rio Tinto to fund its 34% share of the Oyu Tolgoi copper‑gold mine. The aim is to secure a lower interest rate and cut the annual management fee that...
Rethinking Exit Multiples in High-Growth Company Valuations
The article presents a valuation framework that derives exit multiples from long‑run growth, ROIC, and discount‑rate assumptions rather than treating them as arbitrary market plugs. Empirical regressions on high‑growth firms show that expected one‑year revenue growth accounts for roughly 55%...
Airlines Face Fuel Shock as Middle East Crisis Tests Hedging Strategies
A sudden escalation in the Middle East has driven crude oil prices up nearly 40% in a week, pushing barrel prices toward $150 and sending jet‑fuel costs soaring. Fuel, the airline industry's largest variable expense, is now testing the resilience...
Partner Insight: Split Decision - Making Sense of Market Divergence
The market is showing pronounced divergence across asset classes, with equities rotating toward defensive, value‑oriented sectors while growth‑heavy tech lags. In credit, higher‑rated high‑yield bonds remain tight, but spreads on CCC‑rated loans have widened sharply, especially in the software segment....
China’s Financial Superpower Ambitions Get Legal Backing at ‘Two Sessions’
China announced at the 2026 Two Sessions that it will draft a comprehensive financial law and a dedicated financial stability law within the year. The measures aim to cement the yuan’s global role, expand green‑finance frameworks, and formalise risk‑control mechanisms....
SCI-In-Focus:-Middle-East-Conflict-Clouds-Outlook-for-Aviation-ABS-and-Global-Issuance
The escalating Middle‑East conflict is dampening confidence in aviation asset‑backed securities (ABS), prompting issuers to reassess new deals. Investors fear heightened geopolitical risk could trigger airline defaults and impair aircraft lease cash flows. Consequently, global issuance volumes are expected to...
Core Molding Technologies Inc (CMT) Q4 2025 Earnings Call Transcript
Corebridge Financial reported a record $42 billion in 2025 sales, a 15% rise in adjusted pretax operating income to $760 million, and operating EPS of $1.22. The company completed the industry’s largest variable annuity reinsurance transaction, reducing legacy liabilities to roughly 1%...
ABM Industries Inc (ABM) Q1 2026 Earnings Call Transcript
ABM Industries reported Q1 2026 revenue of $2.1 billion, up 2.2% year‑over‑year, driven by strong organic growth in Technical Solutions (22% revenue increase) and Aviation (8% rise). Adjusted earnings per share improved to $0.87 and the company lifted the lower end...
Pangaea Logistics Solutions Ltd (PANL) Q4 2025 Earnings Call Transcript
Pangaea Logistics Solutions (Palomar) posted a record $2 billion gross written premium for 2025, a 32% increase, and adjusted net income of $216.1 million, up 62% year‑over‑year. Adjusted return on equity rose to 25.9%, surpassing its 2x target. The company completed the...
Motorsport Games Inc (MSGM) Q4 2025 Earnings Call Transcript
Motorsport Games reported a 37.7% year‑over‑year revenue increase to $2.6 million in Q2 2025, driven by Le Mans Ultimate DLC sales and rapid growth of its Race Control subscription service. Net income more than doubled to $4.2 million, delivering the company’s first positive operating...
LoanDepot Inc (LDI) Q4 2025 Earnings Call Transcript
loanDepot closed 2024 by completing its Vision 2025 cost‑reset program and announced a leadership transition, with CEO Frank Martell stepping down after the June 4 annual meeting. The fourth‑quarter adjusted net loss widened to $47 million, but pull‑through weighted rate‑lock volume...
Consumer Portfolio Services Inc (CPSS) Q4 2025 Earnings Call Transcript
Cooper‑Standard reported full‑year 2025 sales of $2.74 billion, a modest 0.4% increase driven by favorable foreign‑exchange and pricing recoveries. Adjusted EBITDA rose to $209.7 million, reaching the high end of management guidance, while GAAP net loss narrowed dramatically to $4.2 million. The company...
Blend Labs Inc (BLND) Q4 2025 Earnings Call Transcript
Blend Labs reported Q4 2021 revenue of $81 million, with its platform segment generating $37 million and Title365 $44 million. Despite a 35% drop in industry mortgage volumes, platform revenue rose 19% year‑over‑year and mortgage banking revenue grew 14%, while consumer‑banking revenue surged...
Valhi Inc (VHI) Q4 2025 Earnings Call Transcript
KVH Industries reported a 27% jump in Q4 service revenue to $28.3 million, driven by rapid subscriber growth and a massive expansion of its Starlink LEO data pool. The company added roughly 2,000 vessels, pushing the total contract fleet above 9,000,...
Priority Technology Holdings Inc (PRTH) Q4 2025 Earnings Call Transcript
Priority Technology Holdings reported broad‑based same‑store sales weakness in its merchant solutions segment, with restaurants, construction and wholesale trade hit hardest. A $2 million year‑over‑year revenue headwind stemmed from residual‑purchase runoff and lower end‑market revenue, improving from a $4.5 million drag earlier...
Willis Lease Finance Corp (WLFC) Q4 2025 Earnings Call Transcript
AerSale reported Q4 2025 revenue of $90.9 million, a 4% decline, while adjusted EBITDA rose 17.1% to $15.2 million. Excluding volatile flight‑equipment sales, revenue grew 9.8% in the quarter and 18.7% for the full year, driving a 38.2% increase in full‑year adjusted...
Oracle Corp (ORCL) Q3 2026 Earnings Call Transcript
Oracle reported Q3 FY2026 results highlighting a $523.3 billion RPO backlog, up 433% year‑over‑year, and total cloud revenue of $8 billion, representing 33% growth and half of overall revenue. Cloud infrastructure surged 66% to $4.1 billion, with GPU‑related revenue jumping 177%, while multi‑cloud...
ADC Therapeutics SA (ADCT) Q4 2025 Earnings Call Transcript
ADC Therapeutics reported Q4 2025 product revenue of $15.8 million, down from $18 million a year earlier, while GAAP net loss narrowed to $41 million ($0.30 per share). Non‑GAAP operating expenses fell 12.1% to $45 million, driven by lower R&D spend. A $60 million private...
Increased-CAS-and-STACR-Issuance-Mooted
Investment banks and mortgage lenders are discussing a potential increase in the issuance of Credit Asset Securities (CAS) and Structured Trade Asset-Backed Credit Receivables (STACR) following a strong Q4 performance in the US mortgage market. The proposal aims to tap...
Nature's Sunshine Products Inc (NATR) Q4 2025 Earnings Call Transcript
Kohl's reported a 3.9% decline in net sales for Q4 2025 and a 4% drop for the full year, driven by weaker store traffic and weather impacts. Despite the top‑line weakness, gross margin rose 25 basis points to 33.1% and...
Ultralife Corp (ULBI) Q4 2025 Earnings Call Transcript
Ultralife Corp reported Q2 2025 revenue of $48.6 million, a 13% increase year‑over‑year, driven by the Electrochem acquisition and a 61% jump in government defense sales within its battery segment. Net income fell to $0.9 million ($0.05 EPS GAAP) as...
AeroVironment Inc (AVAV) Q3 2026 Earnings Call Transcript
Aviat Networks reported Q3 2026 revenue of $111.5 million, a year‑over‑year decline but a 5.9% increase in the first six months. Adjusted EBITDA rose to $11.3 million, representing 10.1% of revenue, while operating cash flow hit $23.9 million and net...
Optical Cable Corp (OCC) Q1 2026 Earnings Call Transcript
Bridger Aerospace Group Holdings reported a full‑year revenue of $122.8 million, a 25% increase, and posted a net income of $4.1 million, reversing a loss from the prior year. Adjusted EBITDA rose to $45.3 million, and management forecast 2026 revenue of $135‑$145 million with...
Arq Reports Fourth Quarter and Full Year 2025 Results
Arq Inc. reported FY2025 revenue of $120.3 million, a 10 % increase year‑over‑year, driven by record powdered activated carbon (PAC) sales. Gross margins fell to 27.9 % as the company incurred a $45 million non‑cash impairment and higher costs from its granular activated carbon...
MegaWatt Announces Proposed Consolidation of Shares
MegaWatt Lithium and Battery Metals Corp. announced a proposed share consolidation at a 12‑to‑1 ratio, reducing its outstanding common shares from roughly 37.25 million to about 3.1 million. The consolidation will be effective once approved by the Canadian Securities Exchange, with no...
Firms Make Billions From 'Cash Sweeps.' Could AI Take that Away?
Broker‑dealers earn billions by sweeping uninvested client cash into bank loans, a practice that generated $3.17 billion for Charles Schwab in Q4 alone. The launch of Altruist’s AI‑driven tax manager has sparked concerns that similar AI tools could automatically move idle cash...
Alaris Releases 2025 Fourth Quarter Financial Results
Alaris Equity Partners Income Trust posted a strong fourth‑quarter 2025, with total revenue and operating income rising 15.9% and 34.8% respectively, driven by a $73.2 million unrealized gain on partner investments. Net book value per unit climbed to $24.79, while the...
Flagship Communities Real Estate Investment Trust Announces Fourth Quarter and Full Year 2025 Results
Flagship Communities Real Estate Investment Trust reported strong fourth‑quarter and full‑year 2025 results, with rental revenue climbing 17% to $103.4 million and net income rising 12% to $115.7 million. NOI increased 17% year‑over‑year to $68.4 million, while FFO per unit grew 12% and...
BETA Technologies Announces Q4 2025, Year-End Results
BETA Technologies reported FY2025 revenue of $35.6 million, a 136% increase from the prior year, while posting a net loss of $745.9 million and Adjusted EBITDA of $304.1 million. The company ended the year with $1.7 billion in cash and equivalents, underscoring a strong...
Boundless Bio (BOLD) Posts First Revenue of $17.3M, Narrows Q4 Loss to $0.58/Share
Boundless Bio Inc. reported its first ever revenue of $17.3 million in Q4 2025, while narrowing its GAAP loss to $0.58 per share, an improvement from $0.62 in the prior quarter. The company posted a net loss of $12.9 million...
NL REPORTS FOURTH QUARTER 2025 RESULTS
NL Industries reported a Q4 2025 net loss of $31 million, or $0.63 per share, reversing a $16.5 million profit a year earlier. The full‑year 2025 results showed a $37.8 million loss, compared with $67.2 million earnings in 2024. Losses were driven by a...
KRONOS WORLDWIDE, INC. REPORTS FOURTH QUARTER 2025 RESULTS
Kronos Worldwide reported a Q4 2025 net loss of $82.8 million, or $0.72 per share, widening sharply from a $13.2 million loss a year earlier. For the full year, the company posted a $110.9 million loss, reversing the $86.2 million profit recorded in 2024....
Fluent Announces Unaudited Fourth Quarter and Full-Year 2025 Financial Results; Commerce Media Solutions Revenue Run Rate Exceeds $105 Million and...
Fluent, Inc. reported unaudited Q4 and full‑year 2025 results, highlighting that its Commerce Media Solutions (CMS) segment grew 101% year‑over‑year to $34.7 million in the quarter and $82.3 million for the year, now accounting for 56% of consolidated revenue. The company posted...
Repay (RPAY) Reports $0.24 Adjusted EPS on $77.7M Revenue, Posts $6.6M GAAP Loss
Repay Holdings reported adjusted earnings per share of $0.24 for Q4 2025 while posting a GAAP loss of $6.6 million on $77.7 million of revenue, a 0.7% decline year‑over‑year. Adjusted net income reached $22.4 million and adjusted EBITDA was $31.2...
CMCT Reports Q4 Loss of $11.20/Share
Creative Media & Community Trust (CMCT) posted a Q4 2025 loss of $11.20 per share, equating to a $17.7 million net loss. Revenue rose modestly to $28.45 million versus $27.46 million a year earlier. The loss narrowed sharply from the...
AICPA Asks IRS to Expand First Time Abatement Program
The American Institute of CPAs has formally asked the IRS to broaden its First Time Abatement (FTA) program to cover additional penalty categories, including Section 6652, information‑return penalties, and estate‑gift tax filings. The AICPA also proposes automatic FTA application, a review...
Vicor (VICR) Reported Q4 2025 Diluted EPS of $1.01
Vicor (VICR) posted Q4 2025 diluted EPS of $1.01 on $107.3 million revenue, comfortably beating analyst forecasts. The company’s balance sheet remains robust, with $402.8 million in cash and only $74 million in total liabilities, giving it a cash‑to‑assets ratio of 57%. Despite...
Sustainable Finance Awards 2026: Latin America
Latin America has raised over $164 bn in green bonds since 2014, yet a $650 bn annual funding gap threatens the UN’s 2030 Sustainable Development Goals. Renewable sources now supply 70% of regional electricity, while the blue‑finance market expands with large blue‑bond...
GASB Reaching Out to Localities and Tribes
The Governmental Accounting Standards Board (GASB) unveiled a series of 16 short videos aimed at elected officials, marking its first foray into video‑based explanations of governmental financial reporting standards. The clips, ranging from five to ten minutes, break down core...
Nothing Risks Removal From UK Register over Late Accounts
Nothing Technology Ltd received a First Gazette notice after failing to file its 2024 accounts, triggering a potential strike‑off process that could dissolve the company within two months. The overdue filing was due by 31 December 2025, and the latest publicly available...
Syndicator Lender Ready Capital Takes Massive Hit
Ready Capital posted a $232 million loss for the fourth quarter, an improvement from a $314 million loss a quarter earlier, as it restructures a $1.5 billion commercial‑real‑estate loan portfolio. Non‑accrual loans surged to 25% of the book, roughly $1.3 billion, driven by a...
Worry for Teacher Pensions Prompts Criticism of Oklahoma Ed Funding Plan
Oklahoma Senate leaders unveiled a plan to redirect $254 million from the Teachers’ Retirement System’s apportionment subsidy toward a $2,500 teacher pay raise, additional school funding, and expanded private‑school tax credits. The proposal does not cut current retiree benefits but would...