J M Baxi Group Acquires First VLGC for $87.3 Million, Expanding LPG Shipping

J M Baxi Group has entered the liquefied petroleum gas (LPG) shipping market by purchasing its first Very Large Gas Carrier (VLGC) for US$87.3 million. The vessel, capable of carrying up to 84,000 cubic metres of LPG, will allow the Indian‑based firm to transport large volumes of cleaner‑energy fuel across major trade routes linking the Middle East, the United States and Asia.

Arrowstreet Capital Limited Partnership increased its holding in insurer SiriusPoint Ltd. by 1,107.8%, bringing its ownership to about 0.28% of the company, valued at roughly US$7.2 million.

Edgestream Partners L.P. reduced its stake in oil‑and‑gas producer DNOW Inc. by 54.6%, leaving it with about 0.13% of the firm, worth US$2.9 million. Other investors such as Vanguard Group added to their DNOW positions during the same period.

In a separate market analysis, Danaher Corp. traded near US$196 per share after beating second‑quarter earnings expectations but subsequently lowering its full‑year revenue guidance. The XHB homebuilding ETF rose about 18% over the past twelve months, contrasting with Danaher’s more modest performance.