Stock market news

Korshynov Mining Plant

Korshunovsky GOK's RAS net profit for nine months of 2022 was ₽1.507 billion, down 3.6 times from ₽5.451 billion in the previous year. Revenue was down 21.2% to ₽10.249 billion compared to ₽13.004 billion a year earlier.

Magnit

Retailer Magnit plans to increase purchases of "borsch set" vegetables under long-term contracts with farms by 25% in 2023-2024. Total volume of deliveries may amount to more than 400 thousand tons against 320 thousand tons in 2022-2023. In the first nine months of this year, Magnit bought almost 172 thousand tons of vegetables from producers, which is 6% mo...

General Motors

General Motors is forming a new division offering stationary batteries, solar panels, electric vehicle chargers and other energy management products for homes and businesses. GM Energy has already signed agreements with a number of partners to help it supply products and services and integrate its offerings into the grid. Among them is solar giant SunPower,...

Nebius Group

Voice Assistant Alice has learned to recognize the voices of all family members and select music for each of them according to their individual preferences. Previously, Alice tried to take into account the tastes of all family members by mixing their favorite tracks - as a result, they didn't always manage to listen only to what they liked. And if the owner...

LUKOIL

Government refused to grant Lukoil a license to develop the Nadezhda site in the south-western part of the Baltic Sea, Kommersant sources told Kommersant. Company has been trying to obtain a license since 2016. There are no other bidders for Nadezhda, but the auction was never held. Site is situated within 12 miles from the shore, in the so-called territoria...

KAMAZ

Kamaz automobile concern in September 2022 produced 3.645 thousand vehicle sets, by 10.4% less as compared with 4.067 thousand in the previous year. In total, since the beginning of the year Kamaz has shipped 32.255 thousand vehicle sets, which is 4% more than during the same period last year.

GAZ

Assembly of the new model Gazelle Next was launched at the Chechen plant Chechenavto. Production capacity at the initial stage will be 100 cars per month. In the future it is planned to create an automobile cluster in the region, which will make it possible to multiply the production volume of the company and expand the range of cars, said the chairman of th...

Buryatzoloto

Buryatzoloto's RAS loss for 6 months of 2022 was ₽207.36 thousand, down 21.1% from ₽262.86 thousand in the previous year.

Rosneft Oil Company

Rosneft and India's Nayara Energou signed a contract for supply of diesel hydrotreatment catalyst produced by RN-Kat, a Rosneft subsidiary. First batch of 600 tons has already been delivered to India. By the end of the year, Russian catalyst is planned to be loaded into the diesel hydrotreatment unit at the Nayara Energu refinery.

Noventiq

Softline acquired Value Point Systems, an Indian company providing cybersecurity and digital infrastructure services. The acquisition of Value Point Systems will allow Softline to expand the number of its services on the Indian market. Amount of the deal is not disclosed.