Stock market news

Nebius Group

International part of Yandex has opened a division for the development of unmanned vehicles in Austin, Texas, two sources inside the company told Forbes. It will work under the Avride brand and develop drones in foreign markets. Under this, the company intends to attract investment. Yandex declined to comment.

X5 Group

X5 Retail Group opened the 1000th discounter Chizhik. Store with an area of almost 350 square meters was opened in Krasnodar. Assortment of the anniversary Chizhik includes about 700 products, more than 400 of which are unique brands of the chain. X5 Retail Group started to develop a network of discounters in 2021. Within two years the stores appeared in mor...

Nebius Group

IT company Yandex intends to introduce its products using the YandexGPT neural network in Arabic in the Middle East in the coming months. In the area of services for companies, Yandex is considering the possibility of developing specialized neural networks and tools for support services in the region. Experts believe that the focus on niche services will all...

KAMAZ

Kamaz Autoconcern plans to start assembling prototypes and testing unmanned buses in 2025-2030. In June 2023, Kamaz unmanned trucks were launched on the M-11 highway to transport commercial cargo. The unmanned vehicles are based on the Kamaz-54901 long-haul tractor. Program goal is to achieve absolute autonomous driving under the control of artificial intell...

Severstal

Severstal currently supplies 90% of its products to the Russian market and 10% to foreign markets. Production capacities of the company are 100% utilized. Previously, Severstal reported that 80% of its products are sold on the Russian market and 20% are exported.

Gazprom

Gazprom Holding will be a partner of United Shipbuilding Corporation in a project to build Aurus-branded marine vessels. Partners plan to develop an outline design of a premium-class vessel with a length of 20-40 meters by the end of 2023. Preliminary design is planned to be realized by the end of 2024 at the latest. Organization of serial production and sal...

Severstal

Severstal is not considering buying back shares from non-residents, said Nikita Klimantov, head of the company's investor relations department. "Firstly, it is technically impossible, given our status as a sanctioned company. And secondly, there is no desire to do so. Having bought back these shares, what will we do with them later? Will they be treasury sha...

MMC Norilsk Nickel

MMC Norilsk Nickel is not yet generating free cash flow on a stable enough basis to resume dividend payments, but does not rule it out in the future, said Mikhail Borovikov, head of investor relations. Repurchase of shares from non-residents is also not considered by the company, as it requires diversion of significant funds. However, Nornickel is seriously...

Severstal

Severstal plans to return to steel output of 11.5 million tons by the end of 2023. In 2022, 10.69 million tons of steel were produced, down 8.2% from 11.65 million tons in 2021. In the first half of 2023, steel production increased 6% and sales increased 9%.

VK

VK launched digital video advertising in SDEK order delivery points. Local targeted advertising allows for spot placement of clips within a radius of 2-3 km. Digital media content system of SDEK operates in 83 regions of Russia and on average covers more than 12 million people in 350 cities. Launch video ads without sound in parcel delivery zones via the myT...