Latest news with #Fusion
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Business Standard
a day ago
- Business
- Business Standard
Fusion Finance gains over 4% as Q1 results show asset quality boost
Shares of Fusion Finance, a microloans provider, gained 4.3 per cent on Monday following an upbeat performance in the quarter ended June 2025 (Q1). The stock closed at Rs 154, trimming its year-to-date loss to 11 per cent. The latest rise came on the back of improved financial metrics and operational efficiencies. Fusion Finance saw credit costs decline to Rs 178 crore (2.3 per cent) from Rs 253 crore (2.9 per cent) in Q4 FY25. The gross non-performing asset (NPA) ratio improved to 5.43 per cent from 7.92 per cent in the previous quarter, while net NPA fell to 0.19 per cent from 0.30 per cent. Quarterly net losses narrowed to Rs 92.25 crore, compared to Rs 164.5 crore in Q4 FY25, supported by reduced credit costs and higher net interest margins. 'Q1 performance reflects the early impact of the strategic actions we took last year. Credit costs have moderated, collections remain robust, and our operating model is delivering with greater consistency. With renewed confidence and sharper execution, we are well-positioned to build momentum through the year and drive long-term value creation,' said Devesh Sachdev, Managing Director, Fusion Finance. The company said it disbursed Rs 950 crore in Q1. Its assets under management stand at Rs 684 crore, with approximately 91 per cent secured. Fusion Finance reported a capital adequacy ratio of 29.52 per cent and liquidity of Rs 724 crore as of June 30, 2025. Warburg Pincus-backed Fusion had raised Rs 1,500 crore via a rights issue in January 2025 to strengthen its capital base. Shares of microfinance firms have been under pressure over the past year amid an uncertain outlook.
Cision Canada
6 days ago
- Business
- Cision Canada
Lindt & Sprüngli Unveils EXCELLENCE Fusion: A New Chocolate Innovation Delivering Two Taste Experiences in One
EXCELLENCE Fusion combines premium dark chocolate with milk or white chocolate, proving contrast can create harmony TORONTO, Aug. 6, 2025 /CNW/ - Lindt & Sprüngli, a global leader in premium chocolate, is proud to announce the launch of EXCELLENCE Fusion, an innovation that delivers two taste experiences in one luxurious tablet. Crafted by Lindt's world-renowned Maître Chocolatiers, EXCELLENCE Fusion pairs premium dark chocolate with a delicate layer of milk or white chocolate, offering a more approachable take on bold dark chocolate, without compromising indulgence. It's not Dark. It's not White. It's Fusion. Research shows that while dark chocolate is growing in popularity, many Canadians still find it too bitter or intense. Fusion offers something new to chocolate lovers - a tablet that is layered, balanced and crafted to satisfy adventurous palates and those who simply want something new and indulgent. Just like the belief that opposites attract, Fusion proves that unexpected pairings can lead to something unexpectedly yet deliciously harmonious. Known for its commitment to quality, sophisticated flavour profiles and uncompromising craftsmanship, EXCELLENCE continues to innovate with Fusion by offering a product that brings new depth and complexity to the chocolate experience. Each square of EXCELLENCE Fusion is intentionally layered to offer two distinct taste experiences depending on how it's enjoyed, whether the boldness of dark chocolate leads or the creaminess of milk or white comes through first. The result is a smooth, complex and satisfying moment of chocolate indulgence. The EXCELLENCE Fusion line is now available in two finely crafted flavour combinations: A third flavour, 85% Cacao with Sea Salt & Milk, will arrive this fall. Available in a 100g format, each bar is ideal for anyone looking to savour a premium chocolate experience. Immerse yourself in the world of EXCELLENCE and discover this and other premium Lindt creations at your local Lindt Chocolate Shop or at select major retailers. About Lindt & Spr ü ngli Lindt & Sprüngli has been enchanting the world with chocolate for over 175 years. The traditional Swiss company with its roots in Kilchberg, Zurich is a global leader in the premium chocolate sector. Today, Lindt & Sprüngli produces quality chocolates at its 12 factories in Europe and the USA. Its products are sold by 32 subsidiaries and regional offices, in around 500 of its own shops as well as via a network of more than 100 independent distributors around the globe. With more than 14,000 employees, the Lindt & Sprüngli Group reported sales of CHF 4.97 billion in 2022.
Hindustan Times
05-08-2025
- Business
- Hindustan Times
India, Philippines focus on trade, security, elevate ties to strategic partnership
NEW DELHI: India and the Philippines focused on enhancing cooperation in trade, defence and connectivity as they elevated their relations to a strategic partnership on Tuesday, with Prime Minister Narendra Modi and President Ferdinand Marcos Jr pledging to work together to uphold a free, open and secure Indo-Pacific region. Prime Minister Narendra Modi with Philippines President Ferdinand Marcos Jr during meeting at Hyderabad House in New Delhi. (Hindustan Times/Arvind Yadav) Marcos, who is in India with a delegation that includes 14 cabinet ministers, met PM Modi for wide-ranging talks that encompassed defence and security, trade and investment, healthcare, digital transformation, space and connectivity, even as warships from India and the Philippines conducted a joint exercise in the South China Sea. The two sides concluded a five-year plan of action to take forward the strategic partnership, and finalised 14 agreements, including three pacts to enhance dialogue between their armed forces, a treaty on mutual legal assistance in criminal matters and an MoU for cooperation in digital technologies. 'I'm happy to share that we have decided to upgrade our ties to a strategic partnership. We have also prepared a detailed action plan to turn this partnership's potential into outcomes,' Modi said at a joint media interaction with Marcos, speaking in Hindi. Marcos noted the launch of the strategic partnership is a 'momentous decision' since India is only the fifth strategic partner for the Philippines. This decision points to the 'possibilities represented by the strong upward trajectory of our two economies [and] the growing alignment of our interests and views on the challenges and imperatives of our time', he said. Both leaders focused on growing defence cooperation between the two sides, including the supply of Indian military hardware to the Philippines. In 2022, the Philippines became the first foreign customer for the BrahMos cruise missile, developed jointly by India and Russia, finalising a $ 375 million deal for three batteries. 'Our strengthening defence ties are a symbol of the deep mutual trust between our two countries. As maritime nations, cooperation in the maritime domain is both natural and essential,' Modi said. 'Today, as the President is visiting India, three Indian naval ships are, for the very first time, participating in a naval exercise in the Philippines.' Marcos described India as a key partner in the defence modernisation of the Philippines and added: 'We agreed to continue levelling up our collaboration in defence and security.' As part of efforts to enhance dialogue and exchanges between the defence establishments, the two sides will establish mechanisms for service-to-service talks, information-sharing and training exchanges. The Philippines will post a liaison officer at the Indian Navy's Information Fusion Centre-Indian Ocean Region, a key regional centre for maritime domain awareness and tracking shipping in regional waters to counter illegal activities and terrorism. The joint declaration on the strategic partnership stated that the two sides will promote coordination between maritime authorities and law enforcement, share intelligence and technical support, and bolster joint efforts to combat terrorism, violent extremism, terrorist financing, and transnational organised crimes. They will also cooperate in ship-building, maritime connectivity and coastal surveillance, it said. Modi thanked Marcos for strongly condemning the Pahalgam terror attack and for standing with India in the fight against terrorism. He added that the agreements signed on Tuesday for mutual legal assistance and transfer of sentenced persons will strengthen the bilateral security partnership. Marcos expressed solidarity for India over the 'tragic attack in Pahangam' and the broader fight against terrorism. The situation in the South China Sea and the broader Indo-Pacific figured prominently in the talks between the two leaders, who resolved to step up efforts to ensure that the region remains free and open. Even as the two leaders were holding talks in New Delhi, China was irked by the joint naval exercise between India and the Philippines, with Foreign Ministry spokesperson Guo Jiakun ruling out interference by any 'third party' in the disputes in the South China Sea. 'The Philippines is an important partner in our Act East policy and the MAHASAGAR vision. We remain committed to peace, security, prosperity and a rules-based order in the Indo-Pacific. We support freedom of navigation in accordance with international law,' Modi said. Against the backdrop of the Philippines' differences with China in the South China Sea, Marcos thanked India for its support for the peaceful settlement of disputes in line with the United Nations Convention on the Law of the Sea (UNCLOS) and the 2016 arbitration award that favoured Manila. 'We recognise India's influence as a first responder…in this critical area and we want to work with you for a free and open Indo-Pacific,' he said, adding that the two sides will work together on shared concerns such as the rule of law, supply chain resilience, food security, and countering terror and non-traditional threats. 'We both have high stakes in the future of our Indo-Pacific region and in the world. The Philippines-India strategic partnership will doubtless resonate beyond the confines of our bilateral relationship,' Marcos said in an apparent reference to China. The two sides also discussed measures to boost two-way trade from the current level of $3.3 billion, including the early completion of a review of the Asean-India Trade in Goods Agreement (AITIGA) and the launch of negotiations for a bilateral preferential trade agreement. There were discussions on expanding the range of products for trade, increasing market access for Indian goods and linking digital payment systems, P Kumaran, secretary (East) in the external affairs ministry, told a media briefing. India is interested in opening up the services sector and offering consultancy for oil and gas, while Marcos invited Indian investments for developing upstream oil and gas assets, he said. The 14 agreements finalised by the two sides covered terms of reference for staff talks between the armed forces of India and the Philippines, enhanced maritime cooperation between the Coast Guard forces, mutual legal assistance in criminal matters, transfer of sentenced persons, and cooperation in science and technology, tourism, digital technologies, peaceful uses of outer space, and cultural exchanges. India will support a pilot project for setting up the Philippines' Sovereign Data Cloud Infrastructure and offer free e-tourist visas to Filipino nationals for one year, starting from August 2025. Meanwhile, the Philippines side reiterated visa-free entry privileges for Indians. The two sides will also resume direct flights between New Delhi and Manila in October, Kumaran said.
Arab News
02-08-2025
- Entertainment
- Arab News
Where We Are Going Today: ‘Fusion' in Alkhobar
Tucked away inside Le Meridien in Alkhobar, Fusion is an upscale dining experience that blends refined hospitality with a well-curated menu. We kicked things off with the bread basket: A warm selection of freshly baked rolls, each one slightly crisp on the outside and fluffy within. The rolls were served with olive oil, balsamic vinegar, sun-dried tomato paste, and a side of butter — simple, elegant, and full of flavor. Then came the surprise star of the night: the seafood soup. With a perfectly balanced consistency and deeply rich flavor, it was the kind of dish that makes you rethink your stance on seafood altogether. I do not usually go for fish-heavy starters, but I would return to Fusion for this soup alone. Next up was the sushi platter. It was an elaborate, artful presentation that arrived in a wooden boat overflowing with color and texture. From the crispness of the tempura rolls to the melt-in-your-mouth sashimi, every bite was fresh with zero fishy aftertaste. The drawback? The lighting does not do the presentation justice, and I wish the establishment had an Instagram account or at least a more organized menu for browsing. For mains we opted for the grilled salmon and steak. Both were tender, flavorful, and plated with precision. Dessert sealed the deal. We went for a classic tiramisu and a mini apple pie, with espresso. It felt like the perfect end to a luxurious yet unpretentious meal. Fusion might be understated in terms of its online presence, but do not let that fool you. The experience is top-tier. This is a place that lets the food and service speak for themselves.
Time Business News
30-07-2025
- Automotive
- Time Business News
Blue Prism Automotive Unveils Comprehensive Ford Motor Buying Guide for Smart Shoppers
When you're on the hunt for a reliable Ford motor for sale, the options can feel overwhelming. Whether you're a car enthusiast restoring a classic Ford or a vehicle owner dealing with a blown engine, choosing the right replacement motor requires careful research and trusted sources. Ford engines are well-known for their performance, durability, and innovation. But like any mechanical component, engines eventually wear out or suffer damage due to time, mileage, or unforeseen failure. Instead of replacing the entire vehicle, many people are now opting for certified used engines or OEM engine replacements to extend the lifespan of their car at a lower cost. Used engines are a smart solution for many situations, especially when sourced from a verified supplier. These engines often come from vehicles that were totaled in accidents but had perfectly working powertrains. If you're shopping for value, a low mileage used engine can provide reliable performance without the price tag of a brand-new engine. Buyers in California can take advantage of regional availability and support by browsing these options for used engines for sale in Californiahttps:// These listings are often verified, tested, and include warranties for added peace of mind. Engine replacement is not just about finding the same make—it's about matching all specifications to your car's unique configuration. Using VIN-matched parts ensures compatibility across engine mounts, sensors, wiring harnesses, and other essential systems. This avoids costly delays and installation errors. That's why many buyers turn to Blue Prism Automotive a trusted provider of certified used engines. Their inventory includes OEM engines, low mileage units, and nationwide shipping with VIN-matched accuracy—helping vehicle owners find the exact engine they need. From EcoBoost to Power Stroke, Ford's engine line is diverse. Fortunately, platforms like Blue Prism Automotive offer a wide selection of used Ford engines for sale meet various needs. Whether you're replacing a V6 in an F-150 or a turbocharged engine in a Fusion, the right unit is only a few clicks away. Purchasing a Ford motor for sale doesn't have to be stressful. Focus on engines that are certified, tested, and VIN-matched. Whether you're in California or across the country, nationwide shipping and expert guidance make the process smooth and dependable. A high-quality used engine can restore your Ford to like-new performance—without breaking your budget. Midia info Kingdon Prism Automotive Country: United States TIME BUSINESS NEWS
