Vista Equity Partners Completes Acquisition of Duck Creek Technologies

Boston, March 30, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 […]

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Pakistan Stock Exchange Limited Market Position on 30-03-2023

Karachi, March 30, 2023 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of March 30, 2023 INDICES COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATI OGTI PSX-KMI POSITION INDEX INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 123 Current 14767.02 39848.35 26364.83 69086.43 9105.24 10758.19 19005.90 Minus 138 Previous 14771.36 39879.89 26369.54 68971.77 9115.70 10730.77 19014.03…

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Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea. Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable […]

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PACRA Maintains Entity Ratings of Sargodha Jute Mills Limited

Lahore, March 30, 2023 (PPI-OT): The ratings reflect Sargodha Jute Mills Limited’s (“the Company” or “SJML”) prominent business profile in the jute industry of Pakistan emanating from considerable market share and wide-ranging final product utility. The core strength of the Company lies in two segments (i) Usage of Jute bags for the storage of essential…

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PACRA Maintains Entity Ratings of Masood Fabrics Limited

Lahore, March 30, 2023 (PPI-OT): Masood Fabric Limited (‘Masood Fabric’ or ‘The Company’) is a public unlisted limited company. The Company is principally engaged in the manufacture of yarn and greige fabric, primarily catering to the home textile market. The Company maintains two separate units, Unit-I consists of 32,640 spindles and Unit-II consists of weaving…

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VIS Maintains Entity Ratings of Ittehad Chemicals Limited

Karachi, March 30, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has maintained entity ratings of Ittehad Chemicals Limited (ICL) at ‘A-/A-2’ (Single A Minus/A-Two). The medium to long-term rating of ‘A-’ signifies good credit quality with adequate protection factors. Moreover, risk factors may vary with possible changes in economy. The short-term rating of ‘A-2’…

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NEPRA Concludes hearing on February’s FCA Adjustment for KE Customers

Karachi, March 30, 2023 (PPI-OT): NEPRA concluded its public hearing on Thursday on KE’s request for an increase of PKR 1.662 per unit on account of Fuel Charges Adjustments (FCA) for February 2023. A similar hearing was also conducted on the request made by Government Distribution Companies (XWDISCOs) for customers in their territories. Following the…

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K-Electric Setup Night Facilitation Camps during Ramazan

Karachi, March 30, 2023 (PPI-OT): As part of its effort to offer maximum convenience to its consumers and ensure uninterrupted power supply to the city, K-Electric continues to take various measures, including setting up night facilitation’s camps, conducting anti-power theft drives, and disconnecting defaulters’ power supply in various parts of the city. K-Electric has recently…

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