Google will build four infrastructure hubs across Africa to support its newest underwater fiber-optic cables, according to Alex Okosi, the company’s managing director for the region. The facilities will link cables arriving at landing points in the northern, western, southern and eastern parts of the continent. Okosi told Bloomberg TV that Google will fund the…

Gold prices stabilized near $4,000 per ounce on Monday after China eliminated a tax benefit for certain retailers, a policy shift expected to reduce consumption in a major global market for precious metals. The metal for immediate delivery gained 0.2 percent following an early decline of as much as 1 percent. Beijing announced on Saturday…

Dangote refinery in Nigeria has announced production levels that surpass domestic consumption, manufacturing 45 million liters of gasoline and 25 million liters of diesel each day, according to group spokesman Anthony Chiejina. The facility, which processes 650,000 barrels daily, represents the country’s primary operational crude oil refinery. Its owner, Aliko Dangote, who ranks as Africa’s…

Ambuja Cements reported a fourfold surge in quarterly earnings on Monday, driving its stock up 3 percent as investors responded to the strong performance. The Adani Group company generated a net profit of 2,302 crore rupees during the July through September period compared with 496 crore rupees in the same three months last year. Standalone…

Patanjali Foods Limited saw its stock price tumble more than 5 percent on Monday after releasing quarterly financial results, with shares hitting a session low of 565.25 rupees. The consumer goods manufacturer founded by yoga instructor Ramdev disclosed its earnings for the three months ending in September on Friday. The edible oil and fast-moving consumer…

Shares of companies controlled by Anil Ambani declined sharply on Monday after the Enforcement Directorate froze assets valued at more than 3,000 crore rupees. Reliance Power dropped 6 percent while Reliance Infrastructure fell 5 percent. Reliance Communications, which resumed trading after a weeklong halt, slipped 2 percent to 1.32 rupees. The telecommunications firm is navigating…

IFB Agro Industries jumped 15 percent on Monday and hit a fresh 52-week peak of 1,529.75 rupees per share as the liquor manufacturer extended a rally that has doubled investor capital in just 65 days. Trading on the Bombay Stock Exchange began at 1,419 rupees before the stock surged to its highest level since the…

Shares of Spice Lounge Food Works climbed 5 percent on Monday and reached the upper trading limit as the hospitality company extended a rally that began more than five sessions earlier. The surge followed an announcement that the firm would take complete control of Rightfest Hospitality LLP, marking an expansion beyond restaurant operations into entertainment…

Titagarh Rail Systems Ltd climbed almost 4 percent during trading on Monday after securing a contract valued at 2,481 crore rupees from the Mumbai Metropolitan Region Development Authority. The agreement covers design, production and delivery of 132 metro coaches along with signaling infrastructure spanning 24.90 kilometers and telecommunications equipment for 16 stations. The railway manufacturer…

India plans to expand financial incentives for domestic rare earth magnet production to more than 7,000 crore rupees from an initial 2,400 crore rupees as the country seeks alternatives to Chinese suppliers. The proposal awaits cabinet approval, with officials noting the final sum could shift during review. These magnets power electric vehicle motors, wind energy…