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Business

Former foreign minister resigns as top uni chancellor

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Former foreign minister resigns as top uni chancellor

Former foreign minister Julie Bishop has resigned as chancellor of one of the nation’s most prestigious universities, effective immediately.

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ECU students among those in Canvas hack

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ECU students among those in Canvas hack

Edith Cowan University students have been impacted by the breach of global education software Canvas, with some students unable to access the school’s learning management system.

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TAT and Harley-Davidson Showcase Southern Thailand as the Ultimate Motorcycle Touring Destination

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TAT and Harley-Davidson Showcase Southern Thailand as the Ultimate Motorcycle Touring Destination

The Amazing Thailand x Harley-Davidson Media Fam Trip showcased southern Thailand’s motorcycle touring routes, highlighting local culture, landscapes, and communities, promoting travel as a high-value experience under “Healing is the New Luxury.”

Motorcycle Touring in Southern Thailand

Bangkok, 7 May 2026 – The Tourism Authority of Thailand (TAT) and Harley-Davidson Asia partnered to host the Amazing Thailand x Harley-Davidson Media Fam Trip from 2 to 4 May 2026. This event highlighted Hat Yai, Songkhla, and Phatthalung as unique motorcycling destinations in southern Thailand. Designed under the theme “Unforgettable Experiences: Healing is the New Luxury,” the initiative seeks to elevate motorcycle touring as a premium travel segment.

A Journey through Culture and Scenery

Mr. Nithee Seeprae, TAT Deputy Governor for Marketing Communications, emphasized the trip’s role in promoting southern Thailand’s scenic beauty and cultural diversity. The three-day journey kicked off at Harley-Davidson Hat Yai, engaging executives, media, and influencers. Participants traveled through picturesque routes, exploring local communities, cultural landmarks, and natural attractions. Highlights included Hat Yai Street Art, Songkhla Old Town, and Phatthalung’s Tai Nod Market, showcasing the region’s charm and culinary delights.

Impact and Future Endeavors

The event drew prominent figures like Malaysian actor Elizad Sharifuddin and garnered over 20 million impressions, bolstering awareness of Thailand’s motorcycle routes. A Cars and Coffee gathering at Songkhla Public Park further engaged automotive enthusiasts from across the region. TAT and Harley-Davidson Asia plan to continue their collaboration, focusing on innovative route development and sustainable tourism, aligning with Thailand’s broader travel goals.

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Source : TAT and Harley Davidson position southern Thailand as premier motorcycle touring destination

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Rita Saffioti criticises post-budget speech

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Rita Saffioti criticises post-budget speech

Deputy Premier Rita Saffioti has chastised the editor-in-chief of The West Australian after he delivered a scathing introductory speech at the post-budget breakfast.

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Business

Commerzbank raises 2026 profit target, sets 21% return goal

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Commerzbank raises 2026 profit target, sets 21% return goal

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Business

Shakti Pumps shares tumble 7% as Q4 profit drops 65% YoY

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Shakti Pumps shares tumble 7% as Q4 profit drops 65% YoY
Shares of Shakti Pumps tumbled 6.77% to Rs 555.15 during Friday’s trading session after the company reported a sharp decline in profitability for Q4FY26, even as revenue posted healthy growth.

On the operational front, revenue from operations rose 28.9% YoY to Rs 857.8 crore, up from Rs 665.3 crore, indicating strong business momentum. However, rising costs significantly impacted margins.

EBITDA dropped 49.2% to Rs 83.2 crore from Rs 163.9 crore a year ago, while EBITDA margin narrowed sharply to 9.7% from 24.6%, marking a contraction of 14.9 percentage points.

The company’s PAT margin also weakened considerably, falling to 4.5% from 16.6%, down by 12.1 percentage points YoY. Meanwhile, basic EPS slipped 66.3% to Rs 3.1 against Rs 9.2 in the year-ago quarter.

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Despite the muted earnings performance, the board recommended a final dividend of Rs 1 per equity share (10% of face value Rs 10 each) for FY26, subject to shareholder approval at the upcoming AGM.


Stock performance and valuation


Shakti Pumps shares have fallen nearly 36% over the past year, with the company’s market capitalisation currently at around Rs 7,347 crore.
At current levels, the stock trades at a P/E ratio of 21.46, a Price-to-Sales ratio of 4.68, and a Price-to-Book ratio of 6.09.
From a technical perspective, the stock’s 14-day RSI stands at 64.2 — approaching overbought territory but still below the 70 mark. The stock also remains under pressure on moving averages, trading below 5 out of 8 key SMAs, signalling a bearish undertone.

Also read: BSE shares fall 3% despite Q4 profit surge. Should you buy, sell or hold India’s oldest stock exchange?

Institutional investors reduce exposure

Institutional sentiment remained weak during the March 2026 quarter. Foreign Institutional Investors (FIIs) reduced their stake in the company from 5.34% to 4.83%, while mutual funds cut holdings from 6.18% to 4.92%, reflecting cautious positioning by large

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Business

Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

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Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

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Oil climbs on Gulf clashes as AI drives stocks to weekly rise

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Oil climbs on Gulf clashes as AI drives stocks to weekly rise


Oil climbs on Gulf clashes as AI drives stocks to weekly rise

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Asara taps investors for $60m

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Asara taps investors for $60m

Determined to ride momentum on the back of recent appointments, Asara Resources will undertake its second major capital raise in 10 months.

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Mark My Words May 8 2026

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Mark My Words May 8 2026

Mark Pownall is joined by Gary Adshead, Claire Tyrrell and Tom Zaunmayr to talk about the big events of the week in WA business and politics.

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Business

Realside backs out of $48m Malaga deal

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Realside backs out of $48m Malaga deal

The national property fund has cited interest rate rises as the main reason for withdrawing from the purchase of a large format retail property.

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