Stock market news

Nebius Group

Yandex Cloud services platform and Yandex 360 virtual office have united into a single cloud ecosystem. The merger will enable users to receive all products on a "one-stop-shop" basis - to organize a virtual office and create new digital solutions and business transformation more quickly. The business group will be headed by Alexey Bashkeev, who will simulta...

Nebius Group

IT-company Yandex started construction of a new data center in Kaluga on the territory of Grabtsevo industrial park. Data center will have more than 3.8 thousand server racks, and the total projected capacity of the site will be 63 MW, which is 1.5 times more than in the most powerful of Yandex's existing data centers. First zone is scheduled to open in the...

Nebius Group

Yandex Cloud will provide Magnit with cloud platform services for the development of the retail chain's information systems. Retailer plans to gradually migrate to Russian clouds and transfer up to 20% of its services to them by the end of 2023. The cost of Yandex Cloud services will make up ₽100-150 million per year. Contract is for three years.

Mobile TeleSystems

MTS structures took over the management of two large venues for entertainment and sports events - Music Media Dome in Moscow and the M-1 Arena concert and sports complex in St. Petersburg. Company will receive income from the operation of venues, ticket sales, sponsorship and advertising, as well as bar operations, while the venue owner will receive rental p...

MOEX Group (Moscow Exchange)

All companies except Sistema have completed automatic conversion of receipts into shares, said Elena Kuritsyna, director of the Bank of Russia's Corporate Relations Department. "Volumes are discounted, all those that were in the Russian segment. Figures are all different. Let's say, one company, it had 21% of share capital, they, accordingly, were discounted...

Solidcore Resources

Separation of assets of Polymetal with the current registration is almost impossible, as it requires special permission, said company's CEO Vitaly Nesis. In July 2022, Polymetal said it intended to sell its Russian assets and focus on business in Kazakhstan, where it currently produces more than 500,000 ounces of gold a year. Now company is exploring possibi...

MD Medical Group Investments

Operating company of MD Medical Group, Khaven LLC, filed applications with the Federal Tax Service for liquidation of two legal entities - Mother and Child Lipetsk LLC and Mother and Child Belgorod LLC. The projects in Lipetsk and Belgorod were supposed to be launched back in the first half of this year, but investments were suspended due to the economic sit...

NOVATEK

Withdrawal of additional revenues from LNG producers is planned due to an increase in the profit tax on gas production and sales, a source familiar with the text of the proposals of the Ministry of Finance told Interfax. The export duty on LNG for Novatek's Yamal LNG project is complicated by an intergovernmental agreement with China whose companies are part...

FedEx

FedEx's GAAP net income for three months of fiscal year 2023 was $0.875 billion, down 21.2% from $1.11 billion in the previous year. Revenue rose 5.5% to $23.2 billion from $22 billion a year earlier.

VK

VK Messenger will have a function to connect notifications from Gosuslugi portal. VKontakte app will also include a doctor's appointment service and a mini-app for car owners, VK CEO Vladimir Kirienko said during Kazan Digital Week.