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Sanathan Textile IPO: Yarn manufacturer Sanathan Textile has fixed the price band for its upcoming initial public offering (IPO) at ₹305 to ₹321 per equity share of a face value of ₹10 each.
The floor price and cap price are 30.50 times and 32.10 times the face value of the equity shares, respectively.
Sanathan Textile IPO is scheduled to open on Thursday, December 19, and close on Monday, December 23. The bidding for anchor investors will open on Wednesday, December 18.
Investors can bid for a minimum of 46 shares in one lot and in multiples thereafter.
Sanathan Textile IPO is a mix of a fresh issue of ₹400 crore and an offer for sale (OFS) of ₹150 crore by promoter selling shareholders, aggregating to the issue size of ₹550 crore.
Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani, Dinesh Vrajdas Dattani, Vajubhai Investments Private Limited, Vallabhdas Dattani HUF, Sonali Ajaykumar Dattani, Dattani Dineshkumar Vrajdas HUF, Beena Paresh Dattani, and Anilkumar Vrajdas Dattani HUF are the promoter selling shareholders in the OFS.
The company plans to utilise the fresh funds from the IPO for repayment of certain borrowings availed by the company, investment in a subsidiary for repayment of certain borrowings availed by the subsidiary, and general corporate purposes.
Sanathan Textile is one of the few companies amongst its peer group in India with a presence across the polyester, cotton, and technical textile sectors. The company has a market share of 1.7% in the overall Indian textile yarn industry as of fiscal 2024 in terms of operating income, as per a CRISIL report.
As of September 30, 2024, it had more than 3,200 active varieties of yarn products and more than 45,000 stock-keeping units (SKUs), with the capability to manufacture a diversified product portfolio of more than 14,000 varieties of yarn products and more than 190,000 SKUs that are used in various forms and for varied end uses.
The company's business is divided into three separate yarn business verticals, consisting of: (a) Polyester yarn products; (b) Cotton yarn products; and (c) Yarns for technical textiles and industrial uses.
The company manufactures products at its facility at Silvassa, which has a total installed capacity of 223,750 MTPA across the three yarn verticals.
The global yarn industry, as well as the demand for yarn products, is expected to grow over the next few years. The Indian textile and apparel industry is also projected to grow at a CAGR of 6-7% from fiscal 2024 to fiscal 2028. During this period, exports are expected to grow at a CAGR of 4.5-5.5%, while the domestic industry is expected to grow at a slightly higher pace of 7-8%.
DAM Capital and ICICI Securities are the book-running lead managers to Sanathan Textile IPO while KFin Tech is the registrar to the public offer.
Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
|
https://www.livemint.com/market/ipo/sanathan-textiles-ipo-price-band-fixed-at-rs-305-321-per-share-check-details-11734324807004.html
| 2024-12-16T06:31:01Z
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The cryptocurrency market offers investors numerous opportunities to explore projects combining affordability with high growth potential. These projects cater to various use cases, from decentralised finance to gaming and cross-border payments. Among the top cheap crypto to invest in with high potential is Qubetics, a project revolutionising financial systems and international payments. Alongside Qubetics, Astra, Theta, HNT, Bittensor TAO, Arbitrum, Gala, Ethereum, Solana, and Cardano are reshaping the blockchain landscape.
1- Qubetics ($TICS)
Qubetics is a pioneering blockchain ecosystem offering innovative cross-border payment and settlement solutions. Designed for businesses and individuals, Qubetics empowers financial institutions to leverage blockchain technology for faster, more cost-effective, and transparent transactions.
The Qubetics Network addresses one of the most pressing challenges in global finance: the need for near-instant cross-border payments. By partnering with banks and financial institutions, Qubetics facilitates quick, secure, and transparent international transactions using the $TICS token.
This means improved cash flow and operational efficiency for businesses, enabling them to respond swiftly to market demands. For individuals, the solution simplifies international remittances, ensuring faster and more reliable fund transfers without the delays typical of traditional systems. Qubetics is currently in Presale Phase 12, with $TICS tokens priced at $0.03112491. A $100 investment at the current price secures approximately 3,212.86 $TICS tokens. If the token reaches $10:
- The investment would be valued at approximately $32,128.61, yielding an ROI of 32,028.61%.
- At $15, the investment could grow to approximately $48,192.91, offering an ROI of 48,092.91%.
These projections highlight the potential for significant returns, making Qubetics a standout choice for affordable, high-potential crypto investments.
2- Astra (ASTRA)
Astra is a decentralised finance (DeFi) platform focused on providing innovative asset management and trading solutions. Its commitment to transparency and security and its user-friendly interface position it as a promising project in the DeFi space.
Astra’s affordable entry price and focus on simplifying DeFi adoption make it an attractive option for investors seeking long-term growth.
3- Theta (THETA)
Theta is a decentralised video streaming platform that leverages blockchain technology to optimise video delivery. By incentivising users to share their bandwidth, Theta reduces content delivery costs while improving streaming quality.
With increasing demand for decentralised media solutions, Theta offers significant growth potential, particularly as the platform expands its partnerships and adoption.
4- HNT (Helium)
Helium is a decentralised wireless network that allows users to connect IoT devices securely and cost-effectively. Its proof-of-coverage consensus mechanism rewards participants for maintaining and expanding network infrastructure.
Helium’s innovative approach to IoT connectivity positions HNT as a valuable investment, especially as IoT adoption grows worldwide.
5- Bittensor (TAO)
Bittensor is a decentralised AI platform incentivising users to contribute computational power to machine learning models. Its focus on creating a scalable and decentralised AI ecosystem sets it apart in blockchain.
As demand for AI-powered solutions continues to rise, Bittensor’s unique approach offers strong growth potential for early investors.
6- Arbitrum (ARB)
Arbitrum is an Ethereum Layer 2 scaling solution designed to improve transaction speed and reduce fees. Its compatibility with Ethereum ensures seamless integration for developers building decentralised applications (dApps).
With Ethereum’s continued dominance in the blockchain ecosystem, Arbitrum’s role in enhancing scalability makes it a promising project for the future.
7- Gala (GALA)
Gala focuses on creating a decentralised gaming ecosystem that empowers developers and players. Its blockchain-based games and NFT marketplace have gained traction, attracting a growing community of users.
As the gaming industry embraces blockchain technology, Gala’s focus on decentralisation and player ownership positions it as a high-potential investment.
8- Ethereum (ETH)
Ethereum remains a cornerstone of the blockchain ecosystem, supporting smart contracts and decentralised applications. Its recent transition to Ethereum 2.0 has improved scalability and energy efficiency, ensuring its long-term relevance.
Ethereum remains a must-have asset in any portfolio for investors seeking stability and growth.
9- Solana (SOL)
Solana is a high-performance blockchain known for its fast transaction speeds and low fees. Its thriving ecosystem of decentralised applications, NFTs, and DeFi platforms underscores its utility and adoption.
Solana’s focus on scalability and user experience makes it an attractive investment, particularly for those seeking high-growth projects.
10- Cardano (ADA)
Cardano is a blockchain platform that prioritises sustainability, scalability, and security. Its methodical development approach, supported by peer-reviewed research, ensures a robust infrastructure for decentralised applications and smart contracts.
As Cardano’s ecosystem expands, its commitment to innovation and sustainability makes ADA a strong contender for long-term growth.
Conclusion
The cryptocurrency projects highlighted—Qubetics, Astra, Theta, HNT, Bittensor TAO, Arbitrum, Gala, Ethereum, Solana, and Cardano—offer diverse opportunities for affordable and high-potential investments. Qubetics leads the way with its innovative cross-border payment solutions and significant ROI potential, making it one of the top cheap cryptos with a high investment potential.
Each project addresses unique challenges in blockchain technology, from scalability and finance to gaming and IoT. These cryptocurrencies present a compelling mix of innovation and long-term growth potential for investors seeking to diversify their portfolios and capitalise on emerging trends.
For More Information:
Qubetics: https://qubetics.com
Telegram: https://t.me/qubetics
Twitter: https://x.com/qubetics
|
https://techbullion.com/top-10-cheap-crypto-to-invest-in-for-high-potential-buy-now-for-next-bull-run-2025/
| 2024-12-16T06:31:01Z
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Sachin Enjoying His Cricket: John Wright
Mumbai Indians head coach John Wright Friday said batting great Sachin Tendulkar is enjoying his cricket.
New Delhi: Mumbai Indians head coach John Wright Friday said batting great Sachin Tendulkar is enjoying his cricket.
"Sachin is just enjoying his cricket. He is excited to be in the Champion League Twenty20 semifinal. He likes playing on these occasions," said the 59-year-old Wright, on the eve of the Mumbai Indians' semi-final last-four clash against Trinidad and Tobago at the Ferozeshah Kotla here Saturday.
Tendulkar hasn't out of form lately with scores of 15, 5 and 0 in the ongoing tournament. However, Wright didn't seem worried saying that the Indian legend is in good touch.
"Sachin has been in good touch. He is hitting the ball beautifully. Twenty20 is like that. Like in the last match against the Scorchers, he had to go for it right from the start. But his experience is important especially when it comes to slow wickets," added the former New Zealand batsman.
Asked what difference he sees in the Tendulkar of today from the days when he was the coach of the Indian team, Wright quipped: "The only difference is now he has more runs in his kitty."
IANS
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https://www.indiatimes.com/sports/cricket/sachin-enjoying-his-cricket-john-wright-105018.html
| 2024-12-16T06:31:01Z
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StockNews.com upgraded shares of SSR Mining (NASDAQ:SSRM – Free Report) (TSE:SSO) from a sell rating to a hold rating in a report released on Friday morning.
Separately, UBS Group upped their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.18.
View Our Latest Report on SSRM
SSR Mining Trading Down 2.9 %
Hedge Funds Weigh In On SSR Mining
Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in SSR Mining by 18.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 7,277 shares during the last quarter. Catalina Capital Group LLC acquired a new position in SSR Mining in the second quarter valued at approximately $86,000. Bank of New York Mellon Corp lifted its holdings in SSR Mining by 62.2% in the second quarter. Bank of New York Mellon Corp now owns 779,778 shares of the basic materials company’s stock valued at $3,517,000 after buying an additional 298,898 shares during the period. HB Wealth Management LLC bought a new position in SSR Mining in the second quarter valued at approximately $56,000. Finally, Principal Financial Group Inc. grew its holdings in SSR Mining by 23.3% during the 2nd quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 3,760 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.
About SSR Mining
SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.
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https://www.tickerreport.com/banking-finance/12746769/ssr-mining-nasdaqssrm-upgraded-at-stocknews-com.html
| 2024-12-16T06:31:01Z
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The UAE is to have a prominent business presence at the 45th edition of FITUR.
MADRID, Dec. 16, 2024 /PRNewswire/ -- FITUR 2025, taking place from 22 to 26 January, organised by IFEMA MADRID, will be highlighting the strong tourism potential between Spain and the United Arab Emirates (UAE), where around ten companies will be exhibiting their tourism offers at the trade fair, mainly tour operators and Dubai's iconic Atlantis Hotel, among others.
The recovery of the Persian Gulf has been faster and stronger than that of other markets, with an economy that is growing above the OECD average and with higher spending and disposable income per consumer. Thus, the tourism sector in both territories has significant potential for developing specialised products. Spain experienced a record year for tourism in the Gulf Cooperation Council (GCC) region in 2023 with unprecedented growth in both the number of travellers and tourism expenditure.
The total number of GCC residents visitingSpain in 2023 reached 434,000, 33% more than in 2022, with an average stay of 8.6 days. Specifically, visitors from the UAE totalled more than 140,000 and spending grew by 37.8%, with an average spend of 2,668 euros, 26% more than in 2022. According to industry sources, around 200,000 Spanish tourists visit Dubai every year.
In 2023, tourists from the Gulf region spent more than 1.138 billion euros in Spain, 64.7% more than in 2022, according to Turespaña estimates based on INE data (Frontur and Egatur). These travellers are considered as "large consumers", with spending well above their European counterparts.
Connectivity with Spain is very good and airlines have increased in all the countries of the Persian Gulf, both in terms of frequency and new routes. In the forecasts for flights from the UAE between 1 October 2024 and 31 March 2025, capacity to Spain has grown by 33.2%, consolidating the increases in summer which are around 40%.
In 2024, FITUR attracted 9,000 companies, 152 countries and more than 250,000 visitors.
Photo - https://mma.prnewswire.com/media/2580848/FITUR_IFEMA_MADRID.jpg
Logo - https://mma.prnewswire.com/media/2580825/5077190/FITUR_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fitur-2025-will-be-highlighting-the-strong-tourism-potential-between-the-united-arab-emirates-and-spain-302331454.html
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https://www.finanznachrichten.de/nachrichten-2024-12/64086456-fitur-ifema-madrid-fitur-2025-will-be-highlighting-the-strong-tourism-potential-between-the-united-arab-emirates-and-spain-008.htm
| 2024-12-16T06:31:02Z
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Trending:
Holiday Rush! Hyderabadis See Soaring Airfares from Rs 12K to Rs 30K for Top Winter Destinations This Christmas
With the Christmas and New Year holidays approaching, Hyderabadis are gearing up to travel across India. However, with the surge in demand, airfares have increased to two or three times the usual rates. Read more to know about the details of the story.
Representative Image: Hyderabad to Srinagar
Photo : iStock
Hyderabad: As the Christmas and New Year holidays are approaching, the residents of the city are all set to visit winter destinations across India. The enthusiasm of many Hyderabadis has led to an escalation of airfares by two to three times the usual rates. Destinations such as Kashmir, Darjeeling, Manali, Shimla, Dehradun, Mount Abu (Jaipur) and Munnar (Kerala) continue to attract the crowd.
According to a Times of India report, the significant rise in demand has led to a sharp rise in airfares, especially for flights departing between December 20 and December 25. The report mentioned that for example, flights from Hyderabad to Srinagar during Christmas will cost Rs 29,000, compared to the usual Rs 9,000. Similarly, flights to Bagdogra, which offers a gateway to Darjeeling, will cost between Rs 15,000 and Rs 20,000, compared to the normal range of Rs 6,000 to Rs 8,000. Additionally, flights to other cities such as Jaipur and Kochi have also seen similar increases.
According to travel websites, the airfares have hiked by Rs 8000 to Rs 10,000 from Hyderabad to top winter destinations including Srinagar. Around December 25, the airfares are around Rs 20000 to Rs 22,000. Few travel websites' data have also revealed that airfares have touched Rs 30,000 mark.
Rithvik Reddy, an IT professional in Khajaguda shared that during the Christmas holidays, he was planning to take his family to Darjeeling. He said, ''When I checked the flight bookings, I was stunned to see that the return tickets were priced at 40,000 per person, more than double the usual fare,'' as quoted by TOI.
Meanwhile, travel agents have also reported heavy bookings for accommodation and transport in these popular winter destinations. Hence, the agents are offering special holiday packages that include hotel accommodation, sightseeing and winter activities.
The report said that many families are opting for short stays of two to three days to make the most of their winter holidays. According to the agents, many hotels and resorts in Himachal Pradesh and Uttarakhand have introduced special Christmas and New Year packages.
Nagesh Pampati, Managing Director, Aeroworld Holidays said that tourist bookings for winter holidays have shot up, particularly in destinations like Rajasthan, Himachal Pradesh and Kerala, with bookings starting early this month. Pampati said, ''Kashmir has emerged as a popular choice among travellers as visitors are keen to experience harsh winter conditions and snowfall,'' as quoted by TOI.
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Hyderabad and around the world.
Trending:
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https://www.timesnownews.com/hyderabad/holiday-rush-hyderabadis-see-soaring-airfares-from-rs-12k-to-rs-30k-for-top-winter-destinations-this-christmas-article-116354008
| 2024-12-16T06:31:02Z
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Sanathan Textile IPO: Yarn manufacturer Sanathan Textile has fixed the price band for its upcoming initial public offering (IPO) at ₹305 to ₹321 per equity share of a face value of ₹10 each.
The floor price and cap price are 30.50 times and 32.10 times the face value of the equity shares, respectively.
Sanathan Textile IPO is scheduled to open on Thursday, December 19, and close on Monday, December 23. The bidding for anchor investors will open on Wednesday, December 18.
Investors can bid for a minimum of 46 shares in one lot and in multiples thereafter.
Sanathan Textile IPO is a mix of a fresh issue of ₹400 crore and an offer for sale (OFS) of ₹150 crore by promoter selling shareholders, aggregating to the issue size of ₹550 crore.
Paresh Vrajlal Dattani, Ajay Vallabhdas Dattani, Anilkumar Vrajdas Dattani, Dinesh Vrajdas Dattani, Vajubhai Investments Private Limited, Vallabhdas Dattani HUF, Sonali Ajaykumar Dattani, Dattani Dineshkumar Vrajdas HUF, Beena Paresh Dattani, and Anilkumar Vrajdas Dattani HUF are the promoter selling shareholders in the OFS.
The company plans to utilise the fresh funds from the IPO for repayment of certain borrowings availed by the company, investment in a subsidiary for repayment of certain borrowings availed by the subsidiary, and general corporate purposes.
About Sanathan Textile
Sanathan Textile is one of the few companies amongst its peer group in India with a presence across the polyester, cotton, and technical textile sectors. The company has a market share of 1.7% in the overall Indian textile yarn industry as of fiscal 2024 in terms of operating income, as per a CRISIL report.
As of September 30, 2024, it had more than 3,200 active varieties of yarn products and more than 45,000 stock-keeping units (SKUs), with the capability to manufacture a diversified product portfolio of more than 14,000 varieties of yarn products and more than 190,000 SKUs that are used in various forms and for varied end uses.
The company's business is divided into three separate yarn business verticals, consisting of: (a) Polyester yarn products; (b) Cotton yarn products; and (c) Yarns for technical textiles and industrial uses.
The company manufactures products at its facility at Silvassa, which has a total installed capacity of 223,750 MTPA across the three yarn verticals.
The global yarn industry, as well as the demand for yarn products, is expected to grow over the next few years. The Indian textile and apparel industry is also projected to grow at a CAGR of 6-7% from fiscal 2024 to fiscal 2028. During this period, exports are expected to grow at a CAGR of 4.5-5.5%, while the domestic industry is expected to grow at a slightly higher pace of 7-8%.
DAM Capital and ICICI Securities are the book-running lead managers to Sanathan Textile IPO while KFin Tech is the registrar to the public offer.
Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
|
https://www.livemint.com/market/ipo/sanathan-textiles-ipo-price-band-fixed-at-rs-305-321-per-share-check-details/amp-11734324807004.html
| 2024-12-16T06:31:02Z
|
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https://www.nbcphiladelphia.com/news/local/a-ray-of-sunshine-burlington-city-community-remembers-crossing-guard-killed-in-hit-and-run/4055043/
| 2024-12-16T06:31:01Z
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Second India A-WI A Test Ends In A Draw
Brathwaite smashed a brilliant ton while Narasingh Deonaraine cracked 93 as second unofficial Test between India 'A' and West Indies 'A' ended in a draw.
SHIMOGA: Opener Kraigg Brathwaite smashed a brilliant century while Narasingh Deonaraine cracked a flamboyant 93 as the second unofficial Test between India 'A' and West Indies 'A' ended in a tame draw on Saturday.
In reply to West Indies A's 406 in the first innings, India A were all out for 359, conceding a slender 47-run lead to the visitors.
With a result out of question, West Indies A reached 223 for three in 81 overs in their second innings when the umpires decided to call off the match due to bad light around 3.30 pm.
For the West Indies A, Brathwaite top-scored with 104 not out, while Deonaraine delighted the crowd with some aggressive shots during his 93-run innings before he was trapped leg before by Baroda lad Bharghav Bhatt.
Brathwaite, riding high on his two fifties in the series, played a Shivnaraine Chanderpaul-style game, grinding the ball and attacking those landing in the hitting zone.
The left-handed Guyanese batsman did not get much support from Kieran Powell and captain Kirk Edwards as the visitors were in a hole at 43 for two.
It was Deonaraine, who joined Brathwaite at this stage to script a 144-run partnership for third wicket.
While Brathwaite hit 15 boundaries in his 247-ball knock, Deonaraine faced 142 balls, hitting 13 fours and two sixes.
For the hosts, Bhatt bowled superbly to take two for 104 in 27.1 overs, while India discard Zaheer Khan grabbed one in the second innings to make it two wickets in the match.
Bhatt, who had claimed seven wickets in West Indies A first innings, packed off Deonaraine and Edwards leg before for 93 and 2, respectively.
Zaheer bagged the wicket of out-of-form Powell for 14 when he was caught by Uday Kaul behind the stumps.
Zaheer bowled two spells but could not make any impression on a slow pitch. In the first spell he bowled five overs and got one wicket for 10 runs. In the second, he bowled three overs for 11 runs.
Resuming at an overnight total of 28 for no loss, the West Indians began the day disastrously losing two quick wickets.
The Indian bowlers utilised the morning conditions well to remove the overnight batsmen with some tidy bowling.
Edwards and Powell, both of whom have been picked in the West Indies national side for the challenging India series next month, would have been eager to get some match practice but failed to achieve that.
PTI
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https://www.indiatimes.com/sports/cricket/second-india-awi-a-test-ends-in-a-draw-105168.html
| 2024-12-16T06:31:02Z
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AYESHA RASCOE, HOST:
In Venezuela, two men are competing to be sworn in as president next month. Edmundo Gonzalez won this summer's election but was forced into exile. He's vowing to return home to take the oath of office. But authoritarian leader Nicolas Maduro is also claiming victory and warning Gonzalez to stay away. Reporter John Otis has more.
JOHN OTIS, BYLINE: Voter tally sheets from the July election show that Gonzalez trounced Maduro by a 2-to-1 margin. Maduro responded with a brutal crackdown that landed more than 2,000 people in jail and prompted Gonzalez to seek safe haven in Spain. But with the January 10 inauguration day approaching, Gonzalez, a 75-year-old former diplomat, made this dramatic announcement.
(SOUNDBITE OF ARCHIVED RECORDING)
EDMUNDO GONZALEZ: (Non-English language spoken).
OTIS: "I don't have my plane ticket yet," he told the Spanish news agency EFE, "but the plan is to return to Caracas on January 10 to take over as president." The Maduro regime responded in typical fashion, by vowing to arrest Gonzalez if he sets foot on Venezuelan territory.
(SOUNDBITE OF TV SHOW, "CON EL MAZO DANDO")
DIOSDADO CABELLO: (Non-English language spoken).
OTIS: On his weekly TV show, Interior Minister Diosdado Cabello brandished a set of handcuffs that he said would be used to manacle Gonzalez as he's dragged off to prison. Due to these threats, analysts say a triumphant homecoming for Gonzalez is unlikely. Maduro controls the armed forces and is turning a once-democratic country into a totalitarian state.
ANDRES IZARRA: He has the power of the army. I mean, the army supports him because they are partners in crime.
OTIS: That's Andres Izarra, who briefly served as Maduro's tourism minister. He pointed out that if Maduro left office, he and his inner circle could face long prison terms for torture, drug trafficking and corruption.
IZARRA: That is not going to happen. They are not going to give up power, never.
OTIS: Even so, Maduro's blowout loss and clumsy electoral theft were deeply embarrassing for the ruling Socialist Party, which has held power for the past quarter century. So says Javier Corrales, a Venezuela expert at Amherst College.
JAVIER CORRALES: They are going to have conversations as to what do we do next, what did we do wrong, who is responsible for the mess that we're in.
OTIS: Such a reckoning could prompt regime figures to move against Maduro, says Ryan Berg of the Center for Strategic and International Studies in Washington.
RYAN BERG: And if you're looking to the future of stability of that regime, Maduro is not a very attractive figure to lead you into the future.
OTIS: Izarra says that while his former boss will never willingly step down, dictators like Maduro are often weaker than they seem. He pointed to the lightning-fast rebel offensive that ousted Bashar al-Assad in Syria, a turn of events that took the world by surprise.
IZARRA: Assad was, you know, in total control of Syria, wasn't he? And look what happened.
OTIS: Still, Maduro has often proved his skeptics wrong. Many thought his days were numbered in 2019, when, under President Trump, the U.S. and more than 50 other nations recognized opposition lawmaker Juan Guaido, who had proclaimed himself as Venezuela's rightful leader.
(SOUNDBITE OF ARCHIVED RECORDING)
DONALD TRUMP: Joining us in the gallery is the true and legitimate president of Venezuela, Juan Guaido.
OTIS: Maduro survived the diplomatic isolation, and Guaido, who had no real power, eventually went into exile. Even so, the U.S. is now trying something similar with Gonzalez. It has recognized him as Venezuela's president-elect and is pushing allies to follow suit, even if Gonzalez is never able to set foot inside the presidential palace in Caracas. Berg thinks it's worth a try.
BERG: This isn't just a Guaido 2.0 situation. This is a guy who won an election, and we have the proof that he won the election.
OTIS: As a result, come January 10, Venezuela could once again have dueling presidents. For NPR News, I'm John Otis. Transcript provided by NPR, Copyright NPR.
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.
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https://www.wvxu.org/2024-12-15/venezuelas-president-elect-vows-to-return-from-exile-for-inauguration
| 2024-12-16T06:31:03Z
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'Sar mein kuch hai?':Rohit Sharma loses cool, yells at Akash Deep as Australia frustrate India in Brisbane Test
Commentators were left in splits hearing Rohit Sharma's one-liner, which instantly went viral on social media.
It was a frustrating start to Day 3 of the third Test match in the Border-Gavaskar Trophy series for both sides. Australia were distressed by rain in Brisbane, causing constant delay, a total of five times in the opening two sessions, while India, who felt rather favoured by the bad weather with the hopes of a lingering draw, were frustrated by the hosts and the dominance shown by them so far in the Test match.
The frustration was seemingly visible on the face of India captain Rohit Sharma, who was caught on stump mic, yelling at teammate Akash Deep after he erred in his bowling. The fast bowler delivered a widish ball against Alex Carey in the 114th over of Australia's innings as the ball missed the pitch, resulting in Rishabh Pant putting in a diving effort to stop the ball from going for a four byes. Umpire Richard Illingworth quickly signalled it wide, but Rohit was left miffed at Aakash as he said, "Abbe sar mein kuch hai? (Is there anything in your brain?)"
Commentators were left in splits hearing Rohit's one-liner, which instantly went viral on social media.
Rain plays havoc in Brisbane
After the batters, the fast bowlers left India reeling as the tourists were reduced to 4 down for 48 runs at the Gabba during a stop-start second session. Mitchell Starc drew first blood, dismissing Yashasvi Jaiswal and Shubman Gill, before Josh Hazelwood removed Virat Kohli. After the rain delay, Rishabh Pant departed.
KL Rahul was not-out 30 at tea, with captain Rohit Sharma yet to score, as India need 245 to avoid the follow-on. With more rain predicted for the remainder of the Test, India's first target was to avoid the follow-on.
The best India can probably hope now is to bat for enough time to draw the match and head to Melbourne with the series locked at 1-1.
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https://www.hindustantimes.com/cricket/sar-mein-kuch-hai-rohit-sharma-loses-cool-yells-at-akash-deep-australia-frustrate-india-brisbane-test-101734325018264.html
| 2024-12-16T06:31:06Z
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Sai Life Sciences IPO: Check allotment status, GMP, likely listing price
The basis of allotment for Sai Life Sciences IPO shares is expected to be finalised today, Monday, December 16, 2024. Here's how you can check the allotment status once it gets finalised
Kumar Gaurav New Delhi Sai Life Sciences IPO allotment status: The basis of allotment for
Sai Life Sciences IPO shares is expected to be finalised today, Monday, December 16, 2024. The public offering, which closed for subscription on Friday, December 13, 2024, received decent participation from investors, with an oversubscription of 10.26 times.
Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue. Alternatively, investors can use the following links to directly check the Sai Life Sciences IPO allotment status:
Sai Life Sciences IPO final subscription status
The Rs 3,042.62 crore public offering of Sai Life Sciences, offered at a price band of Rs 522-Rs 549 with a lot size of 27 shares, received bids for 39,85,59,528 shares against the 3,88,29,848 shares on offer. This resulted in an oversubscription of 10.26 times by the end of the subscription period, as per data available on the National Stock Exchange (NSE).
Sai Life Sciences IPO witnessed the highest demand from Qualified Institutional Buyers (QIBs), who subscribed to 30.90 times the quota reserved for them. This was followed by Non-Institutional Investors (NIIs), who subscribed to 4.92 times their allocated quota, and Retail Individual Investors (RIIs), who subscribed to 1.37 times.
Also Read: Vishal Mega Mart IPO Allotment Sai Life Sciences IPO grey market premium (GMP) today
The unlisted shares of Sai Life Sciences were trading at Rs 610, reflecting a grey market premium (GMP) of Rs 61 or 11.11 per cent over the upper end of the IPO price band of Rs 549, according to sources tracking grey market activities.
Sai Life Sciences IPO listing price prediction
Shares of Sai Life Sciences are scheduled to list on the BSE and NSE on Wednesday, December 18, 2024. If current grey market trends sustain, the shares may list at around Rs 610, representing a premium of over 11 per cent above the upper band of the issue price. However, these estimates may vary as the grey market is unregulated, and GMP should not be considered a reliable indicator of performance.
Also Read: Mobikwik IPO allotment Sai Life Sciences provides customised services to biotech firms and global pharmaceutical companies. The company focuses on researching, developing, and manufacturing small-molecule new chemical entities.
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https://www.business-standard.com/amp/markets/news/sai-life-sciences-ipo-check-allotment-status-gmp-likely-listing-price-124121600176_1.html
| 2024-12-16T06:31:07Z
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| 2024-12-16T06:31:06Z
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Digital product testing platforms are essential for gathering in-product feedback, such as micro-surveys, tracking customer satisfaction metrics, and enhancing research capabilities. These tools enable businesses to refine their products and provide superior user experiences.
A market survey report by US-based Global Market Insights highlights the growing demand for digital product testing tools and software. The Software Testing Market was valued at USD 51.8 billion in 2023 and is projected to grow at a CAGR of over 7% from 2024 to 2032, driven by increasing product launches and innovations by major companies.
The development of digital platforms like websites, apps, software, and games requires thorough pre-launch evaluation and usability testing. Digital product testers play a critical role in identifying bugs, defects, and optimization opportunities, ensuring products meet user expectations and specifications. To achieve this, testers rely on various digital product testing platforms.
Top 8 Digital Product Testing Platforms
Digital testing platforms are versatile tools used throughout the product development process. These platforms are instrumental in detecting bugs, refining products, and identifying areas for improvement. Here are eight leading digital product testing platforms to enhance feedback from customers:
1. Maze
Maze is a widely used platform that simplifies the usability testing process. It allows teams to gather actionable user feedback at every stage of design and development. Key features include prototype testing, usability insights, and in-depth analytics, enabling teams to validate ideas quickly and make data-driven decisions.
2. Hubble
Hubble is a next-generation testing platform and one of the most reliable Maze alternatives. It offers an intuitive interface and effective collaboration tools, making it ideal for modern product teams. With efficient test automation and quality assurance capabilities, Hubble streamlines workflows, improves product quality, and accelerates delivery timelines.
3. UserZoom
UserZoom is an excellent platform for collecting both quantitative and qualitative user feedback. It facilitates bug reporting and helps testers understand design differences, ensuring products are tailored to specific audiences while maintaining compliance and privacy standards.
4. Refiner
Refiner is a tool designed specifically for SaaS products, enabling testers to conduct in-product micro-surveys and track customer satisfaction metrics. It works well with explicit-state model checker toolsets, verifying the semantics of concurrent system designs and providing precise insights for improvement.
5. Servicate
Servicate enables real-time insights through surveys and pop-ups during user interactions. It simplifies customer feedback collection and supports data-driven decision-making. The tool also fosters team collaboration by centralizing feedback statistics.
6. Zonka Feedback
Zonka Feedback collects user feedback at all major touchpoints and pain points. It supports multi-channel feedback collection and automated feedback requests, helping businesses enhance their products based on user insights.
7. Canny
Canny is a centralized platform for managing customer feedback and prioritizing feature development. It gathers input from various sources, including customer support, sales, and marketing teams, ensuring that final products meet client specifications and expectations.
8. Pendo
Pendo focuses on digital adoption, user experience, and product analytics. It tracks user behavior and provides actionable insights, helping businesses refine their products and improve usability.
Why Use These Platforms?
Deploying these digital testing platforms ensures the creation of customer-centric products optimized for usability. By leveraging usability testing, surveys, analytics, and real-time feedback, businesses can streamline their development processes and achieve superior results.
Conclusion
Digital product testing and the use of specialized tools are critical for obtaining better feedback and improving customer usability. These platforms help map user experiences through surveys and interviews, enabling businesses to develop refined, user-friendly products. Choosing the right tools can make a significant difference in the quality and success of your digital products.
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https://techbullion.com/top-8-digital-product-testing-platforms-for-enhanced-feedback/
| 2024-12-16T06:31:07Z
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Advent Technologies Holdings, Inc. (NASDAQ:ADN – Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 135,800 shares, a decrease of 6.9% from the November 15th total of 145,900 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.2% of the company’s stock are short sold.
Advent Technologies Stock Down 7.2 %
Advent Technologies stock opened at $6.03 on Monday. The stock’s 50 day moving average is $4.14 and its 200 day moving average is $4.33. The company has a market capitalization of $15.90 million, a P/E ratio of -0.23 and a beta of 0.43. Advent Technologies has a twelve month low of $1.71 and a twelve month high of $10.15.
Advent Technologies (NASDAQ:ADN – Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($4.28) earnings per share for the quarter. The company had revenue of $0.81 million for the quarter. Advent Technologies had a negative net margin of 828.45% and a negative return on equity of 442.47%.
About Advent Technologies
Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.
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https://www.tickerreport.com/banking-finance/12746770/advent-technologies-holdings-inc-nasdaqadn-short-interest-update-2.html
| 2024-12-16T06:31:08Z
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LONDON, Dec. 16, 2024 /PRNewswire/ --
- Accord announces that the European Commission (EC has granted marketing authorisation for Imuldosa® (development code: DMB-3115), a biosimilar to Stelara®, indicated for a range of immune medicated inflammatory diseases.
- The EC approval follows a positive opinion issued on 19 October 2024 by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) and is applicable to all 27 European Union (EU) Member States plus Iceland, Norway and Liechtenstein.
- The CHMP positive opinion is based on a comprehensive package of analytical, non-clinical, and clinical similarity data, including a multi-regional phase III clinical trial in patients with plaque psoriasis. The study confirmed therapeutic equivalence, in the primary outcome, between DMB-3115 and Stelara®, alongside a comparable safety profile.
- The marketing authorisation paves the way for the launch of Imuldosa® in the EU ustekinumab market, valued at approximately €2.9 billion (US$3.18 billion) according to IQVIA MAT June 2024 data.
- Intas holds exclusive licensing rights to commercialise Imuldosa® worldwide, excluding Japan, Korea, and certain other Asian countries. Imuldosa® was already approved by the USFDA on October 10, 2024.
Accord Healthcare Limited (Accord) announces that the European Commission (EC) has granted marketing authorisation for Imuldosa® (development code: DMB-3115), a biosimilar of Stelara® (ustekinumab), marketed by Janssen Biotech Inc., a subsidiary of Johnson & Johnson.
Ustekinumab is a human monoclonal antibody that targets the cytokines interleukin-12 and interleukin-23 which may play an important role in inflammatory and immune responses. Stelara® is indicated for range of immune medicated inflammatory diseases and has recorded global sales of US$ 19 billion of which US$D 3.2 billion sales coming from Europe as per IQVIA MAT Jun'24 data.
Joe Dunford, VP of Speciality Brands stated, "Accord is committed to becoming a significant player in the autoimmune space, and we are delighted that the European Commission (EC) has granted marketing authorisation for our fifth biosimilar in Europe, Imuldosa®. This approval ensures that patients have access to high-quality therapies in Europe and beyond. We remain dedicated to advancing our biosimilar pipeline, with the goal of launching 20 biosimilars by 2030.
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https://www.finanznachrichten.de/nachrichten-2024-12/64086457-accord-healthcare-is-granted-marketing-authorisation-for-imuldosa-ustekinumab-biosimilar-to-stelara-008.htm
| 2024-12-16T06:31:08Z
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Trending:
Given Just 11 Ministeries, Shinde's Sena Wants Affidavits From Its Ministers. Here's Why
A total of 39 legislators from Mahayuti allies were sworn in on Sunday in the first cabinet expansion of the Devendra Fadnavis-led ministry including 16 new faces, while 10 former ministers were excluded.
Eknath Shinde declared that he along with CM Fadnavis and co-deputy Ajit Pawar will conduct a performance audit of the ministers after two and a half years and allow whoever performs to stay. (file photo)
New Delhi: The Shiv Sena led by deputy CM Eknath Shinde is considering to get its newly sworn-in ministers sign affidavit that they will quit after two and a half years to make room for other contenders. The Shinde faction, which got 11 ministeries in the new government led by Devendra Fadnavis, is under pressure from disgruntled leaders who failed to get a cabinet berth.
Shinde declared that he along with CM Fadnavis and co-deputy Ajit Pawar will conduct a performance audit of the ministers after two and a half years and allow whoever performs to stay. "The Shiv Sena MLAs have neither ideology nor loyalty to Eknath Shinde—all they want is power. We have to distribute the power equitably," a close aide of Shinde told HT.
Shiv Sena MLA Narendra Bhondekar, who was the Sena's deputy leader and co-ordinator for eastern Vidarbha districts, resigned from all party posts while expressing disappointment at not being included in the Maharashtra cabinet.
Speaking to reporters in Bhandara on Sunday, Bhondekar claimed his party head and Deputy Chief Minister Eknath Shinde had promised him a cabinet berth.
"I joined the Shiv Sena on the condition that I would be given a cabinet berth. Shinde had even promised me the same. When Shinde became chief minister in the previous government, I was an independent MLA and extended support to him," Bhondekar, who aspires to secure a cabinet berth to become the guardian minister of Bhandara district, was quoted as saying by news agency PTI.
He won from the Bhandara constituency by defeating his Congress rival by more than 38,000 votes in the November 20 state polls.
A total of 39 legislators from Mahayuti allies were sworn in on Sunday in the first cabinet expansion of the Devendra Fadnavis-led ministry including 16 new faces, while 10 former ministers were excluded.
While the BJP secured 19 ministerial berths by virtue of being the largest party among allies, Shinde-led Shiv Sena and Ajit Pawar's Nationalist Congress Party (NCP) were allotted 11 and 9 berths, respectively.
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Kolkata Rape-Murder Case: Doctors' Body Plan 10-Day Stir As Two Key Suspects Get Bail
Aarti Performed, Name Painted At Reopened Temple In UP's Sambhal; Admin Seeks Carbon Dating
Breaking News LIVE: ONOP Bill Not To Be Tabled In Parliament Today
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https://www.timesnownews.com/india/just-11-ministeries-shindes-sena-to-seek-affidavits-from-his-ministers-heres-why-article-116353885
| 2024-12-16T06:31:08Z
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52 Week High Stocks Today on December 16, 2024: Shares of LTI Mindtree, Page Industries, HCL Technologies, Ultratech Cement, Vedanta hit their fresh 52 wk highs today. Nifty 50 was down by -91.05(-0.37%) points and Sensex was down by -391.42(-0.48%) points at 16 Dec 2024 10:59:55 IST.
Bank Nifty was down by -56.05(-0.1%) at 16 Dec 2024 10:44:52 IST.
Other stocks such as Coffee Day Enterprises, Bright Solar, Universus Photo Imagings, ZF Commercial Vehicle Control Systems India, Trucap Finance hit their fresh 52 wk lows today.
In the BSE Sensex index Indusind Bank, Bajaj Finance, ICICI Bank, were the top gainers while Titan Company, Bharti Airtel, Tech Mahindra, Mahindra & Mahindra, Ultratech Cement were the top losers.
In the Bank Nifty index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.
For the complete list of 52 week high stocks click here.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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https://www.livemint.com/market/stock-market-news/52-week-high-stocks-today-on-december-16-2024-lti-mindtree-page-industries-others-hit-52-week-high-today-do-you-own-any-11734327000855.html
| 2024-12-16T06:31:08Z
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SPOTTED: Gurunath Meiyappan @ His Yacht
Spot-fixing accused Gurunath Meiyappan was spotted near his luxury yacht in Chennai.
Spot-fixing accused Gurunath Meiyappan was spotted near his luxury yacht in Chennai.
BCCI chief N Srinivasan's son-in-law Gurunath Meiyappan was seen near his double decker yacht at the Chennai port on Friday. (Photo: BCCL)
BCCI chief N Srinivasan's son-in-law Gurunath Meiyappan was seen near his double decker yacht at the Chennai port on Friday. (Photo: BCCL)
BCCI chief N Srinivasan's son-in-law Gurunath Meiyappan was seen near his double decker yacht at the Chennai port on Friday. (Photo: BCCL)
BCCI chief N Srinivasan's son-in-law Gurunath Meiyappan was seen near his double decker yacht at the Chennai port on Friday. (Photo: BCCL)
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https://www.indiatimes.com/sports/cricket/spotted-gurunath-meiyappan-at-his-yacht-105036.html
| 2024-12-16T06:31:09Z
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| 2024-12-16T06:31:09Z
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Titas Sadhu says being accustomed to conditions helped her excel in opening T20I against West Indies
Titas Sadhu says being accustomed to conditions helped her excel in opening T20I against West Indies
Navi Mumbai, India Women's Titas Sadhu says being accustomed to conditions and bowling in right areas helped her grab three wickets to set up their 49-run win against the West Indies in the first T20I here.
India outgunned the West Indies to take a 1-0 lead in the three-match series after fifties from Jemimah Rodrigues and Smriti Mandhana took them to 195/4, their highest total against the Windies and third best overall.
Having traversed nearly 7,300 kilometres from Perth to Mumbai, India Women's side had very little time to rest and prepare but they showed no sluggishness in the first game.
"The fact that we landed here quite at the night time of India and we slept through the whole night properly, and so that kind of helped with the jet lag," Sadhu told media here on Sunday after taking 3/37 in the opening T20I.
"I think DY Patil is a very true wicket and whoever is able to bowl in the right areas, there is always something in the wicket that helps. The dew was there and it was a little difficult for us, but we managed quite well."
"One of the best things was that we have had played in this ground before, and we are actually on the same time of the year, so we are a little bit more accustomed," she said.
Titas continued, "We have knowledge about it, and that being the key, and so we knew there will still be some help from the wicket if we can actually bowl at the right areas and fortunately we did that."
While India got back into the saddle quickly to record their ninth consecutive win, their skipper Harmanpreet Kaur did not take much part in their fielding innings after she had come out to bat for a while.
When asked about Kaur's absence, Titas did not specify the issue, saying, "The medical team is looking after that, so probably she will be fine in some time."
West Indies head coach Shane Deitz said there cannot be an excuse for this loss.
"I don't know why we weren't ready from ball one. It’s very disappointing. We have to debrief that quickly, train well tomorrow and come out and put a lot better performance in the next game," he said.
"In India, we've been here about nine days to try to acclimatise, which we did. We had some great facilities. We had really good training sessions, that's why tonight's performance was a bit of a shock, a bit disappointing, because we actually put the work in to be ready for tonight," he added.
The former South Australia first-class player said his coaching philosophy has been to bring back the Caribbean flair and Calypso style of play into this side.
"We want to have a style of play which we've been trying to develop, that was for the T20 World Cup. Obviously that was the focus over the last year, to get to that World Cup and play well. We did that and we worked on a style of play, how we want to attack cricket," he said.
"A little Caribbean flair and Calypso style of play... we are trying to bring that back into the team, because that probably wasn't there previously. The data says that that's what we're trying to do," Deitz added.
This article was generated from an automated news agency feed without modifications to text.
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https://www.hindustantimes.com/cricket/titas-sadhu-says-being-accustomed-to-conditions-helped-her-excel-in-opening-t20i-against-west-indies-101734325011556.html
| 2024-12-16T06:31:12Z
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Shares of Sky Gold were locked in 5 per cent upper circuit at Rs 465.70 per share on the BSE in Monday’s intraday deals. This came after stock began trading on an ex-bonus basis.
This comes ahead of the company’s 9:1 bonus share issue, with December 16, 2024, being set as the record date to determine the eligible equity shareholders for the bonus shares.
“We wish to inform you that the company has fixed Monday, 16th December 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the company,” the company had said in an exchange filing.
Earlier the company’s board had approved the issuance of bonus shares in the ratio of 9:1, i.e. nine new fully paid-up equity shares of Rs. 10 each for every one existing fully paid-up equity share of Rs 10 each, held by the shareholders of the company.
What is a bonus issue?
A bonus share issue occurs when a company distributes additional shares to its existing shareholders at no cost. These shares are issued from the company’s profits or reserves, typically in proportion to the number of shares a shareholder already owns.
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This allows shareholders to receive extra shares, increasing their total holding without requiring any payment.
Sky Gold Limited, based in Mumbai, designs, manufactures, and sells a diverse range of gold jewelry, including studded American diamonds and colored stones, suitable for both daily wear and special occasions like weddings.
The company’s manufacturing facility in Mulund, Mumbai, uses rubber dye, wax molds, and machines for casting its jewelry. With central sales offices in Mumbai and additional offices in Kerala and Telangana, Sky Gold has also expanded into exports. Founded as a private limited company in 2008, it transitioned to a public limited company in 2018.
The company has a total market capitalization of Rs 6,824.37 crore. Its shares are trading at a price to earnings multiple of 81.59 times and at an earning per share of Rs 54.36.
At 10:36 AM; the shares of the company were up 5 per cent at Rs 465.70 a piece. By comparison, the BSE Sensex was trading 0.36 per cent lower at 81,981.67 level.
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https://www.business-standard.com/amp/markets/news/sky-gold-shares-lock-in-5-upper-circuit-on-bonus-issue-s-record-date-124121600245_1.html
| 2024-12-16T06:31:13Z
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Specifications for the 2014 Porsche 911 Carrera S. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2014-porsche-911-carrera-s-991-my15-petrol-2d-coupe-X5QMdukDCG
| 2024-12-16T06:31:12Z
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Trending:
Kolkata Rape-Murder Case: Doctors' Body Plan 10-Day Stir As Two Key Suspects Get Bail
On Friday, the Sealdah court granted bail to the ex-principal of Kar Medical College Sandip Ghosh and former officer-in-charge of Tala police station Abhijit Mondal in the rape-murder case. They were granted bail after the CBI "failed" to file a charge sheet within the mandatory 90-day period.
A trainee doctor was raped and killed at RG Kar Medical College and Hospital in Kolkata
Photo : PTI
Kolkata: Days after two key suspects were granted bail in the rape and murder case of a junior medic at RG Kar Medical College and Hospital, the doctors are planning a 10-day stir. A second-year post-graduate student, was raped and murdered, and her semi-naked body was found in the seminar room of the state-run RG Kar Medical College and Hospital on August 9. This led to huge protests by doctors and medical associations for weeks across t
The West Bengal Joint Platform of Doctors (WBJPD) said that it is planning to begin a sit-in demonstration in the heart of Kolkata from Tuesday over the CBI investigation into the RG Kar hospital rape and murder case.
The proposed demonstration of the WBJPD, an umbrella organisation of five associations, will be held till December 26 at the Doreena Crossing, an office-bearer told newsagency PTI.
"We also demand the immediate submission of the supplementary chargesheet by the CBI," said doctor Punyabrata Gun, a joint convener of WBJPD.
He said WBJPD wrote to Kolkata Police Commissioner Manoj Verma, seeking permission for the 10-day demonstration. "We have sought permission from the police to set up a temporary stage without any interruption to the traffic movement. We have assured them that the demonstration will be conducted in a peaceful and orderly manner following all legal and safety guidelines," Gun said.
The WBJPD on Saturday organised a march to the CBI office at CGO Complex in Salt Lake over the issue.
On Friday, the Sealdah court granted bail to the ex-principal of Kar Medical College Sandip Ghosh and former officer-in-charge of Tala police station Abhijit Mondal in the rape-murder case. They were granted bail after the CBI "failed" to file a charge sheet within the mandatory 90-day period.
Reacting to the court's decision, the family of the deceased expressed pain and disappointment and said, "We are very disappointed that CBI did not file chargesheet in 90 days... CBI did not work and hence those people got bail. This is very disappointing."
The ex-principal of RG Kar College was accused of not informing the family on time and tampering with evidence, while Mondal was accused of alleged delay in filing of FIR in the case. The Calcutta HC transferred the case to the CBI which arrested the two. Though granted bail, Ghosh will continue to remain in jail as he is on judicial remand in another case of alleged financial irregularities at RG Kar Hospital.
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Apoorva Shukla is a journalist at Times Now, where she thrives on dissecting political developments both at home and abroad. A graduate of Delhi Univ...View More
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Why Vijay Diwas Is Celebrated On December 16: India, Bangladesh 1971 War Veterans' Exchange Visit
Rising Crimes Against Women: SC To Hear PIL For Castration Of Convicts, Ban On Online Pornography
Maharashtra Ministers To Undergo Performance Audit, 'Those Who Work Good Will Progress, Says Fadnavis
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https://www.timesnownews.com/india/kolkata-rape-murder-case-doctors-body-plan-10-day-stir-as-two-key-suspects-get-bail-article-116353400
| 2024-12-16T06:31:14Z
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The incorporation of satellite technologies into the automobile sector is revolutionizing our driving and interacting with car experience. From improving safety to providing flawless entertainment choices, satellite connection is determining the direction of driving experiences. Let us explore the main uses of this innovative technology in vehicles.
Real-Time Navigation and Mapping
The foundation of real-time navigation systems is satellite technology, which guarantees drivers access precise and dependable mapping information wherever. Whether you’re negotiating isolated roadways or a busy metropolis, satellite-based GPS ensures exact location and effective paths. Eliminating dependence on cellular networks, satellite navigation offers continuous connection even in places with poor infrastructure. Long-distance travellers and those exploring rural or foreign ground would notably benefit from this development.
Advanced Driver Assistance Systems (ADAS)
Advanced Driver Assistance Systems’ (ADAS) ability to work depends on satellite connection. These devices provide vital real-time information to improve driving enjoyment and road safety. Using satellite-fed data, applications such lane-keeping help and accident avoidance find impediments and guarantee cars remain on the right road. ADAS provides drivers with an additional degree of protection and comfort by integrating the technology, therefore improving the safety of the roads for everybody.
Emergency Communication Systems
Reliable communication may literally save lives in an emergency. Strong emergency response systems in automobiles are made possible by satellite technology, thereby guaranteeing drivers and passengers are never out of reach. Features like eCall systems notify emergency services immediately in the event of an accident, therefore providing exact location information and vital data to responders. Even in places without phone coverage, satellite-enabled remote diagnostics may let service providers evaluate car problems in real-time and provide quick response.
Seamless Infotainment
Modern automobiles are mobile centers of entertainment and networking, not just means of mobility. Broadband-level communication is supported by satellite technology, which also helps to create high-quality entertainment systems meeting passenger needs. Even in areas with little mobile coverage, drivers and passengers may enjoy continuous streaming of movies and music. Moreover, sophisticated technologies driven by satellite connection are changing in-car experiences and transforming lengthy rides into interesting and fun trips.
Fleet Management and Monitoring
Satellite technology gives real-time tracking and monitoring features that greatly help commercial fleets. By means of accurate vehicle locations and performance data, fleet managers may maximize operational efficiency and improve delivery routes. Another use of satellite communication, predictive maintenance uses IoT data to find possible problems before they cause failures. This not only helps to minimize downtime but also guarantees that cars stay in best shape, therefore saving running expenses.
Vehicle Telematics and Data Analytics
Telematics systems driven by satellite for cars provide thorough understanding of vehicle use and performance. These technologies let companies and people track driving behavior, evaluate fuel usage, and maximize general efficiency by sending data straight from the car to analytical platforms. While individual drivers may utilize the information to make wise choices regarding vehicle maintenance and fuel efficiency, fleet owners can examine acceleration and braking patterns to improve driving behaviors.
Enabling Autonomous Vehicles
Satellite technology is essential to guarantee that autonomous driving cars stay connected and functional as the automobile sector advances in this direction. To analyze real-time data, autonomous cars rely on ongoing contact with cloud systems and other automobiles. The required worldwide connection comes via satellite networks, which also guarantee flawless operation of autonomous systems in rural areas and metropolitan hubs. Furthermore supported by satellite technology is geofencing, which lets operators manage autonomous vehicle movements and create virtual borders.
Conclusion
Satellite technology is revolutionizing the automotive sector, offering a wide range of applications that enhance safety, connectivity, and efficiency. From real-time navigation and advanced driver assistance to fleet management and infotainment, the potential of satellites in cars is immense. As the industry continues to innovate, the integration of satellite technology will undoubtedly play a pivotal role in shaping the future of driving experiences, ensuring that connectivity and convenience are accessible to all.
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https://techbullion.com/top-applications-of-satellite-technology-for-cars/
| 2024-12-16T06:31:14Z
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Graf Global’s (NYSE:GRAFU – Get Free Report) lock-up period will end on Monday, December 23rd. Graf Global had issued 20,000,000 shares in its public offering on June 26th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Graf Global Price Performance
About Graf Global
We are a blank check company incorporated on November 11, 2021 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
Further Reading
- Five stocks we like better than Graf Global
- Why is the Ex-Dividend Date Significant to Investors?
- Dave & Buster’s: Is It Time to Make Another Play on This Stock?
- EV Stocks and How to Profit from Them
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- What is the Shanghai Stock Exchange Composite Index?
- Texas Instruments: The Old-School Tech Titan Still Delivering
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https://www.tickerreport.com/banking-finance/12746771/graf-global-corp-s-nysegrafu-lock-up-period-set-to-end-on-december-23rd.html
| 2024-12-16T06:31:14Z
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The YES RapidCure tool, based on an exclusive license to the process created by Deca Technologies, is a combination of UV and direct thermal exposure that significantly reduces process cycle time.
FREMONT, Calif., Dec. 16, 2024 /PRNewswire/ -- YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging today announced that SkyWater Technology (NASDAQ: SKYT), has chosen the YES RapidCure polymer dielectric curing systems for their implementation of the M-Series fan-out wafer level packaging (FOWLP) technology in partnership with Deca Technologies 'Deca'.
Shrinking line width and spacing in advanced packaging drives new polymer materials that require low temperature curing. The YES RapidCure tool, based on an exclusive license to the process created by Deca, is a combination of UV and direct thermal exposure that significantly reduces process cycle time. RapidCure enables YES customers to reduce thermal budgets for the organic and inorganic thin films used in semiconductor front end, packaging and display applications. The RapidCure process consists of ultraviolet (UV) pre-treatment to provide preliminary cross-linking of the polymer, followed by precisely controlled thermal curing. Rapid Cure provides a significant throughput advantage over conventional curing for selected polymers, while delivering comparable or superior dielectric properties.
"SkyWater is the first domestic licensee of Deca's M-Series and Adaptive Patterning solutions to support the reshoring of the semiconductor supply chain," said Bassel Haddad, SVP & General Manager, Advanced Packaging at SkyWater. "We are delighted to be an anchor customer of YES's RapidCure technology, which will be critical in reducing cycle times of curing processes, allowing SkyWater to offer faster prototyping services, improved reliability and higher throughput."
"We are extremely pleased to be chosen by SkyWater to support the manufacturing ramp of their M-Series FOWLP technology," said Rezwan Lateef, President of YES. "The Deca RapidCure technology has been a significant complementary addition to our cure and materials engineering capabilities that allows YES to address a broader variety of advanced packaging applications including low temperature polymer cure, underfill bake, adhesive curing, degas/curing of low-K films, and a variety of new fan-out processes. The announcement today is a realization of a vision where ultimately, we can provide SkyWater and other leading advanced packaging customers with the widest array of polymer curing technologies with lower CoO and better reliability to enable next-generation products."
"We are excited that Rezwan and the YES team are bringing to market their robust RapidCure product for the semiconductor industry," stated Tim Olson, founder & CEO of Deca. "With the proven capability to fully cure industry standard polyimide and PBO materials in under 20 minutes, RapidCure brings an unprecedented breakthrough in cycle time reduction for the future of high-density heterogeneous integration. Deca created the RapidCure process as a component of the M-Series FOWLP & FOPLP technology development under the direction of our legendary chairman, TJ Rodgers, founder and CEO of Cypress Semiconductor. RapidCure slashes the typical six-hour cure time by more than 10X to accelerate the development and production of tomorrow's advanced chiplet-based devices."
About YES
YES is a leading provider of differentiated technologies for materials and interface engineering needed for a wide range of applications and markets. YES customers are market leaders, creating next generation solutions for a variety of markets including Advanced Packaging for AI and HPC, Memory Systems and Life Sciences. YES is a leading manufacturer of state-of-the-art cost-effective high volume production equipment for semiconductor Advanced Packaging solutions for wafers and glass panels. The company's products include Vacuum Cure, Coat & Anneal Tools, Fluxless Reflow tools, Thru Glass Via and Cavity Etch and Electroless Deposition tools for the semiconductor industry. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit YES.tech.
Media Contact
Alex Chow
SVP Worldwide Sales and BD
YES (Yield Engineering Systems, Inc.)
+886-926136155 direct
achow@yes.tech
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View original content:https://www.prnewswire.co.uk/news-releases/yes-rapidcure-systems-chosen-by-skywater-technology-for-fan-out-wafer-level-packaging-302331904.html
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https://www.finanznachrichten.de/nachrichten-2024-12/64086458-yield-engineering-systems-inc-yes-rapidcure-systems-chosen-by-skywater-technology-for-fan-out-wafer-level-packaging-008.htm
| 2024-12-16T06:31:14Z
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https://ponasa.condesan-ecoandes.org/sonographer-resume-samples-velvet-jobs/
| 2024-12-16T06:31:13Z
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52 Week High Stocks Today on December 16, 2024: Shares of LTI Mindtree, Page Industries, HCL Technologies, Ultratech Cement, Vedanta hit their fresh 52 wk highs today. Nifty 50 was down by -91.05(-0.37%) points and Sensex was down by -391.42(-0.48%) points at 16 Dec 2024 10:59:55 IST. Bank Nifty was down by -56.05(-0.1%) at 16 Dec 2024 10:44:52 IST.Other stocks such as Coffee Day Enterprises, Bright Solar, Universus Photo Imagings, ZF Commercial Vehicle Control Systems India, Trucap Finance hit their fresh 52 wk lows today.
In the BSE Sensex index Indusind Bank, Bajaj Finance, ICICI Bank, were the top gainers while Titan Company, Bharti Airtel, Tech Mahindra, Mahindra & Mahindra, Ultratech Cement were the top losers.In the Bank Nifty index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.For the complete list of 52 week high stocks click here.
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| 2024-12-16T06:31:15Z
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| 2024-12-16T06:31:15Z
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Autodesk, Inc. (NASDAQ:ADSK – Get Free Report) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,690,000 shares, an increase of 8.0% from the November 15th total of 2,490,000 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is currently 1.9 days.
Insider Buying and Selling
In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,386 shares of company stock worth $403,308. Insiders own 0.14% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Livelsberger Financial Advisory bought a new stake in Autodesk in the third quarter valued at $27,000. Concord Wealth Partners bought a new stake in Autodesk in the 3rd quarter valued at about $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the 3rd quarter worth approximately $28,000. Stephens Consulting LLC bought a new position in Autodesk in the second quarter worth approximately $32,000. Finally, ORG Partners LLC grew its stake in Autodesk by 116.7% in the second quarter. ORG Partners LLC now owns 143 shares of the software company’s stock valued at $35,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on ADSK
Autodesk Stock Down 1.8 %
Shares of NASDAQ ADSK opened at $303.77 on Monday. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $296.76 and its 200-day moving average price is $264.33. The company has a market capitalization of $65.31 billion, a P/E ratio of 60.27, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43.
Autodesk (NASDAQ:ADSK – Get Free Report) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Autodesk will post 5.76 earnings per share for the current year.
About Autodesk
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
See Also
- Five stocks we like better than Autodesk
- When to Sell a Stock for Profit or Loss
- Dave & Buster’s: Is It Time to Make Another Play on This Stock?
- What is the Euro STOXX 50 Index?
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- What Are Dividend Champions? How to Invest in the Champions
- Texas Instruments: The Old-School Tech Titan Still Delivering
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https://www.tickerreport.com/banking-finance/12746772/autodesk-inc-nasdaqadsk-short-interest-update.html
| 2024-12-16T06:31:15Z
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Lead the future: Enroll in IIT Delhi's Advanced Programme in Technology and AI Leadership today
Enroll now in IIT Delhi’s Advanced Programme in Technology and AI Leadership to stay ahead in innovation, strategy, and leadership!
The rapid growth of technology and the rise of Artificial Intelligence (AI) are changing businesses worldwide. CEOs are now focusing on AI to drive innovation, boost efficiency, and stay competitive. A 2024 EY survey reveals that 70% of CEOs plan to increase investments in AI and emerging technologies. In this fast-evolving world, strong tech leadership is crucial—not just for smooth operations, but for driving growth and delivering great customer experiences. Today’s tech leaders must blend technical skills with business knowledge, using innovation to foster growth and improve customer satisfaction. It’s all about leading with vision and strategy.
Recognising this paradigm shift, Indian Institute of Technology Delhi (IITD) began its Technology & AI Leadership Programme that is designed to equip professionals with strategic, innovative and leadership skills. The uniqueness of its curriculum is that it prepares visionary tech leaders who can spearhead successful initiatives and navigate today’s dynamic and ever-evolving technological landscape. Getting associated with a celebrated institution with IITD has its perks. Known for its strong academics and innovative research, IIT Delhi is a global name in artificial intelligence (AI) and technology, leading important advancements and inspiring progress.
One of the standout features of this programme is the 100% live delivery by renowned IIT Delhi instructors. This has been modelled to ensure real-time and interactive learning. As this programme integrates AI and technology into leadership training, it provides participants with cutting-edge tools and frameworks for modern organisational challenges. Its innovation leadership angle helps participants develop creative problem-solving skills, think strategically, and use AI to stay competitive.
Throughout the programme, participants will learn to make decisions, innovate, democratise, thrive, and safeguard in the world of technology and AI.
Here are some highlights of this programme.
1) A guided capstone project by IIT Delhi faculty: Gain hands-on experience with expert guidance from IIT Delhi faculty.
2) 100% live delivery by renowned IIT Delhi instructors.
3) Hands-on guidance through no code tools to accelerate tech agility: Quickly build tech skills.
4) A 2-day inspiring, enriching immersion at the IIT Delhi campus: Learn, get inspired, and network with peers and faculty.
5) Access to tried and tested ‘practitioner insights’ via 10+ sessions by tech leaders: Learn proven strategies from tech leaders.
6) Sharp industry-readiness with real-world case studies: Develop industry-ready skills.
While this 7-month, Advanced Programme in Technology and AI Leadership by IIT Delhi is mostly an online one, there is a campus chapter as well that will take place at IIT Delhi. At the end of the programme, participants will visit IIT Delhi campus to network with peers, learn from top faculty through hands-on workshops, group discussions, and presentations, gaining practical skills and valuable connections.
Another notable feature of this programme is its Collaborative Capstone Project. In this team capstone project, participants will be expected to combine classroom knowledge, expert insights, and peer collaboration to create a practical solution and strategic roadmap, shaped by feedback from both experts and peers.
Key takeaways
This programme is designed to help participants understand the vital connection between technology, strategy, and operations. It can enable them to lead competitive, efficient and resilient organisations. Let’s now look at the key outcomes you can expect from this programme.
- Participants will help evaluate emerging technologies to identify new opportunities and create action plans for gaining a strategic advantage.
- They will learn to use advanced platforms and strategies to tackle business challenges and boost innovation within your organisation.
- Participants will learn to foster a culture of innovation, continuous learning, and adaptability to stay competitive in the changing tech world.
- Students will lead tech projects using agile methods for efficient delivery and financial control.
- Participants will learn to spot, assess, and reduce technology risks to ensure strong cybersecurity and smooth operations.
Programme details
Technical orientation: December 30, 2024
Duration: 7 Months | Live Online
Programme fee: ₹1,69,000
Eligibility: Graduate (10+2+3) or Diploma holders (Only 10+2+3) from a recognised university are eligible to apply
To know more about the programme, click here.
About IITD
The Indian Institute of Technology Delhi (IIT Delhi) is one of the 5 initial IITs established for training, research and development in science, engineering and technology in India. Established as College of Engineering in 1961, the Institute was later declared as an Institution of National Importance under the “Institutes of Technology (Amendment) Act, 1963” and was renamed as “Indian Institute of Technology Delhi”. It was then accorded the status of a Deemed University with powers to decide its own academic policy, to conduct its own examinations, and to award its own degrees. Since its inception, over 48000 have graduated from IIT Delhi in various disciplines including Engineering, Physical Sciences, Management and Humanities & Social Sciences. Of these, nearly 5070 received PhD degrees. The rest obtained a master’s degree in engineering, Sciences and Business Administration. These alumni today work as scientists, technologists, business managers and entrepreneurs. There are several alumni who have moved away from their original disciplines and have taken to administrative services, active politics or are with NGOs. In doing so, they have contributed significantly to the building of this nation, and to industrialisation around the world.
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
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https://www.hindustantimes.com/education/admissions/lead-the-future-enroll-in-iit-delhis-advanced-programme-in-technology-and-ai-leadership-today-101734094234769.html
| 2024-12-16T06:31:18Z
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Swiggy share price: Shares of Swiggy, India’s second-largest player in food delivery and quick commerce, were in demand on Monday, December 16, 2024, as the scrip soared up to 6.17 per cent to hit an intraday high of Rs 565.40 per share.
However, at 11:01 AM, Swiggy share price stood at Rs 562.25 apiece, up 5.59 per cent. In comparison, BSE Sensex was trading 0.46 per cent lower at 81,754.43 levels.
The northward move in the Swiggy share price came after the domestic brokerage Axis Capital initiated coverage on Swiggy, with a ‘Buy’ rating and a target price of Rs 640 per share. The target indicates a potential upside of 20 per cent from its previous closing price of Rs 532.50 on December 13, 2024.
Also Read: After Zomato, Swiggy taps live events ticketing space with Scenes Analysts at Axis Capital view Swiggy as a compelling investment opportunity, leveraging its strong position as India’s second-largest player in both quick commerce and food delivery.
“We expect a 38 per cent revenue compound annual growth rate (CAGR) (FY24-27E) with food/q-com at 23 per cent/84 per cent, adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) at Rs 390 crore in FY27E (-Rs 1,840 crore in FY24). Sum-of-the-parts (SoTP)-based target price (TP) (March’27E) at Rs 640; food/q-com at 10 per cent/20 per cent discount to Zomato/Blinkit,” said Gaurav Malhotra and Della Desai of Axis Capital.
Meanwhile, here are the top factors for initiating coverage:
Massive growth potential in Quick Commerce (q-com) & food delivery
Analysts see major opportunities in the quick commerce (q-com) market, projecting a gross order value (GOV) of approximately $6.8 billion by FY25E, growing substantially to around $32 billion by FY30E, based on MOSPI’s PFCE data. The convergence of q-com and horizontal commerce, coupled with evolving user behaviour, analysts believe, is driving this growth.
Industry checks reveal that market players are focusing on assortment rather than aggressive pricing, creating a sustainable growth model. Thus, Swiggy stands to benefit from its rapid expansion of dark stores and enhanced product offerings. Additionally, food delivery—operating as a duopoly—remains underpenetrated, leaving room for growth. Innovations like Swiggy’s ‘Bolt’ for quick food delivery further add to its prospects.
Improving profitability and margin expansion
Swiggy’s quick commerce arm, Instamart, is scaling up effectively, enabling higher brand commissions and ad revenues. The company’s ongoing improvements in both fixed and variable costs are expected to sustain, supporting profitability, analysts highlighted.
While food delivery, being a more mature segment, may see incremental gains, analysts noted, the q-com business offers major room for margin expansion. Additionally, efforts to optimise delivery costs and control fixed expenses represent actionable opportunities for efficiency improvements in both segments.
Leadership, innovation, and strategic restructuring
Swiggy has consistently demonstrated strong innovation capabilities, being an early leader in both food delivery and q-com. Although it lost its leadership position to Zomato—likely due to Zomato’s stronger execution—analysts note that Swiggy’s organisational restructuring has strengthened its position.
The shift from a founder-driven model to a professionally managed organisation, along with a team of experienced industry veterans, boosts its ability to innovate and execute effectively. These factors, analysts said, should help Swiggy remain a key player in its business segments.
Key risks, analysts believe, include a potential slowdown in consumption affecting food delivery demand, the threat of disruptive competition in quick commerce, and a slower-than-expected ramp-up in quick commerce gross order value (GOV) and profitability.
Swiggy IPO
Swiggy made its highly anticipated stock market debut last month on November 13, 2024, following the closure of its initial public offering (IPO). Swiggy shares listed at Rs 412 on the BSE, reflecting a 5.6 per cent premium over its IPO allotment price of Rs 390.The performance was even stronger on the National Stock Exchange (NSE), where Swiggy shares opened at Rs 420, delivering a 7.6 per cent premium to its IPO price.
About Swiggy
Swiggy is an online food delivery and logistics platform based in India, offering a wide range of services beyond food delivery. Founded in 2014 and headquartered in Bangalore, Swiggy allows customers to order from a variety of restaurants, browse menus, and track deliveries, all without any minimum order requirement.
In addition to its core food delivery service, Swiggy also provides quick commerce with Swiggy Instamart, which delivers groceries and essentials in just 10 minutes, and Swiggy Genie, a service for same-day parcel and document deliveries.
Swiggy operates in over 580 cities across India and has expanded its offerings with Swiggy One, a membership program that provides exclusive benefits on food, quick commerce, dining, and pick-up and drop services.
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https://www.business-standard.com/amp/markets/news/swiggy-share-jumps-4-as-axis-capital-initiates-with-buy-sees-20-upside-124121600266_1.html
| 2024-12-16T06:31:19Z
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Trending:
10 Non-Fiction Books That Show How the Smallest Decisions Shape the Biggest Changes
Small decisions often lead to profound transformations. We explore 10 powerful non-fiction books that illuminate how simple choices can create significant, lasting impacts in life and beyond.
10 Non-Fiction Books That Show How the Smallest Decisions Shape the Biggest Changes (Picture Credit - Instagram)
The ripple effect of small decisions often goes unnoticed, yet these tiny choices have the power to transform lives and reshape futures. Here are 10 remarkable non-fiction books that illuminate how the seemingly insignificant moments lead to profound changes.
1. The Tipping Point by Malcolm Gladwell
Gladwell’s iconic book explores how small actions create a tipping point, triggering social phenomena. From fashion trends to epidemics, he breaks down the factors behind tipping moments: the connectors, mavens, and salespeople who drive change. With compelling anecdotes, 'The Tipping Point' shows how minute decisions and seemingly trivial details can ignite major transformations, making it a must-read for those curious about how societal shifts occur.
2. Tiny Habits: The Small Changes That Change Everything by BJ Fogg
Fogg, a leading behaviour scientist, breaks down the process of habit formation into tiny, achievable steps. In 'Tiny Habits', he demonstrates how celebrating small wins and focusing on manageable changes can snowball into life-changing transformations. His simple yet effective strategies, such as starting with a "two-push-up habit," reveal how small decisions lead to sustainable personal growth and productivity.
3. The Power of Moments by Chip Heath and Dan Heath
Why do certain experiences stay etched in our memory? 'The Power of Moments' explores how brief but meaningful moments can define our lives. The Heath brothers explain how creating peak experiences—whether at work, home, or in relationships can drive lasting change. Through relatable stories and research, this book emphasizes the impact of purposeful, small decisions in crafting unforgettable moments.
4. The Denial of Death by Ernest Becker
Ernest Becker’s Pulitzer Prize-winning book delves into humanity’s fear of mortality and how it shapes our actions, beliefs, and culture. By confronting the denial of death, Becker argues, we can better understand the small choices that define our lives. This profound exploration of human psychology reveals how our existential fears drive the biggest changes in our personal and collective behaviours.
5. Stumbling on Happiness by Daniel Gilbert
Gilbert’s fascinating exploration of human behaviour explains why we make decisions and how they shape our happiness. He uncovers how small, often unconscious choices affect our future selves. With wit and research, 'Stumbling on Happiness' offers profound insights into how rethinking our seemingly minor decisions can lead to greater fulfilment and joy.
6. Nudge by Richard H. Thaler and Cass R. Sunstein
This book revolutionized behavioural economics by demonstrating how small nudges influence decisions. From choosing healthier food options to saving for retirement, 'Nudge' shows how tweaking environments and systems can steer people toward better choices. Thaler and Sunstein’s groundbreaking ideas emphasize how subtle interventions can create a domino effect in shaping behaviour and improving society.
7. The Compound Effect by Darren Hardy
Hardy emphasizes how small, consistent actions lead to massive results over time. 'The Compound Effect' offers real-life examples of how daily choices, like saving a little money or practising gratitude, accumulate into extraordinary success. By focusing on incremental improvements, Hardy provides a practical guide to leveraging small decisions for long-term personal and professional growth.
8. Thinking in Bets by Annie Duke
In this thought-provoking book, professional poker player Annie Duke argues that life is a series of bets. She explains how small decisions, made with limited information, determine outcomes. 'Thinking in Bets' teaches readers how to embrace uncertainty, make smarter choices, and accept the role of luck in life’s outcomes, offering a fresh perspective on decision-making.
9. The Slight Edge by Jeff Olson
'The Slight Edge' champions the idea that small, repeated actions lead to significant results. Olson explains how consistent effort, even when it feels insignificant, accumulates into extraordinary success. He provides a roadmap for applying this principle in health, finances, and personal growth, showing readers how to harness the power of compounding decisions to achieve their goals.
10. Lateral Thinking by Dr. Edward de Bono
Dr. Edward de Bono's 'Lateral Thinking' is a revolutionary guide to breaking free from traditional patterns of thought. The book introduces techniques to approach problems creatively, challenging readers to think outside the box and explore unconventional solutions. With practical exercises and insightful examples, de Bono emphasizes the importance of cultivating creativity to drive innovation in personal and professional contexts. This timeless classic reshapes the way we approach challenges and make decisions.
These 10 books reveal that the power to create change lies in the smallest of decisions. From daily habits to fleeting moments, each choice we make builds momentum, leading to significant transformations. Whether you’re seeking personal growth or hoping to influence the world around you, these books offer insights and inspiration to recognize the extraordinary in the ordinary.
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https://www.timesnownews.com/lifestyle/books/features/10-non-fiction-books-that-show-how-the-smallest-decisions-shape-the-biggest-changes-article-116353225
| 2024-12-16T06:31:21Z
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Specifications for the 2015 Porsche 911 Carrera 4. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2015-porsche-911-carrera-4-991-my15-petrol-2d-cabriolet-Rb5W42Ls9q
| 2024-12-16T06:31:19Z
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NORGE MINING LTD
("Norge Mining" or the "Company")
Norway's Skaland mine is the world's highest-grade, operating flake graphite mine and the fourth-largest graphite mine outside China
Graphite is an EU Strategic Raw Material and has a key role in the green energy transition
Company strategy to target battery-grade graphite production in addition to industrial uses
LONDON, Dec. 16, 2024 /PRNewswire/ -- Norge Mining, the Anglo-Norwegian company with a world-class resource of Critical Raw Materials in southwest Norway, announces that, through its Norwegian subsidiary Norge Mineraler Holding AS, it has agreed to acquire Skaland Graphite AS ("Skaland"), the biggest natural graphite producer in Europe, from the Australian mining company Mineral Commodities Ltd ("MRC").
The acquisition marks a transformative milestone for Norge Mining, elevating it into a revenue-generating, producing business and is in line with its mission to secure supply chains for Strategic and Critical Raw Materials inside Europe. The urgency of this mission has intensified following China's recent export controls on graphite, the cornerstone material for lithium-ion batteries used in electric vehicles, energy storage, and other technologies critical to the green energy transition.
Norge Mining's strategy for Skaland is to target battery-grade graphite production, in addition to serving current industrial customers, complementing the Company's planned production of other battery materials, including phosphate, from the Company's Eigersund Project in southwest Norway.
In 2023, the EU reclassified graphite as an EU Strategic Raw Material, emphasising its critical role in industrial applications and the green energy transition. Graphite demand is set to surge, with global market projected to grow from US$24 billion in 2022 to US$38 billion by 2028 (Statista). Currently, the EU imports around 100,000 tonnes of natural graphite annually, predominantly from China, Tanzania and Mozambique.
The Skaland mine, which is the world's highest-grade operating flake graphite mine, is among the world's top four graphite producers outside of China. It is located in northern Norway on the island of Senja, approximately 200 km from Tromsø. Skaland produces about 10,500 tonnes of graphite annually and supplies a predominantly industrial customer base.
The updated JORC compliant mineral resource estimate (2021) at Skaland's underground Traelen graphite mine is 1.84 million tonnes at 23.6 per cent TGC in the category of indicated and inferred for 434kt of contained graphite using 10 per cent cut-off. Laboratory-scale testwork by MRC to optimise the grade of the fines gave highly encouraging results with grades of 96%-99% TGC achieved. The Company believes there is also significant potential to increase the mineral resource at Skaland through further work.
Norge Mining will acquire 100 per cent of Skaland on a cash and debt free basis. The transaction is expected to close in Q1 2025 following the conclusion of customary closing conditions and regulatory approvals.
The acquisition solidifies Norge Mining's position as a leader in Europe's push for a secure, sustainable supply of Strategic and Critical Raw Materials essential for the green economy.
John Vergopoulos, Chief Executive Officer of Norge Mining, said:
"Skaland is a globally important graphite asset and its acquisition is a major strategic step for Norge Mining in becoming an integrated supplier of critical materials to the Western world. Skaland has been in operation for several decades and represents a strategic complement to the minerals that we plan to supply from our critical mineral project in Eigersund, southwest Norway.
"Skaland has significant potential in a market growing in both size and strategic importance. Along with our Norwegian subsidiary, Norge Mineraler, we possess the expertise and capital to optimise operations at Skaland in cooperation with the local team, who we look forward to welcoming to the Company.
"This announcement comes at a time when China, which currently produces 97% of the world's graphite anodes, has recently introduced export controls on graphite, and other critical minerals. Consequently, the need for a secure European supply chain has never been greater."
About Norge Mining
Norge Mining is an Anglo-Norwegian natural resources company focused on mineral exploration in Norway.
The Company's JORC resource estimates from the Bjerkreim Exploration Project in southwest Norway have confirmed world-class deposits of the EU Critical Raw Materials phosphate, vanadium and titanium, materials with key roles in the clean energy transition, security of food supply and other areas. The provenance of these materials is also of significant strategic importance for net carbon zero and ESG commitments, a key requirement for which is supply chain transparency.
Norge Mining, which owns 61 exploration licences totalling 520 sq km in southwest Norway, was awarded extraction rights in June 2024 by the Norwegian Directorate of Mining to 32 areas totalling 26.3 sq km, representing 5% of the total exploration area. The pre-feasbility study for the Eigersund Project, the most advanced project in the Bjerkreim Exploration Project, was also completed in 2024 demonstrating a time duration of supply of generations.
Founded in November 2018, the Company is headquartered in the UK and has a 100%-owned Norwegian subsidiary, Norge Mineraler AS. The Company's ambition is to become a substantial, sustainable and strategically important exploration, mining and processing business in Europe.
For further information, please visit www.norgemining.com
View original content:https://www.prnewswire.co.uk/news-releases/norge-mining-acquires-skaland-graphite-as-europes-largest-natural-graphite-producer-302331998.html
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https://www.finanznachrichten.de/nachrichten-2024-12/64086459-norge-mining-acquires-skaland-graphite-as-europe-s-largest-natural-graphite-producer-008.htm
| 2024-12-16T06:31:21Z
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52 Week Low Stocks Today on December 16, 2024: Shares of Coffee Day Enterprises, Bright Solar, Universus Photo Imagings, ZF Commercial Vehicle Control Systems India, Trucap Finance hit their fresh 52 wk lows today. Nifty 50 was down by -91.95(-0.37%) points and Sensex was down by -391.42(-0.48%) points at 16 Dec 2024 10:59:55 IST.
Bank Nifty was down by -57.6(-0.11%) points at 16 Dec 2024 10:44:59 IST.
Other stocks such as LTI Mindtree, Page Industries, HCL Technologies, Ultratech Cement, Vedanta hit their fresh 52 wk highs today.
In the BSE Sensex index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.
In the Bank Nifty index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.
For the complete list of 52 week low stocks click here.
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https://www.livemint.com/market/stock-market-news/52-week-low-stocks-today-on-december-16-2024-coffee-day-enterprises-bright-solar-others-hit-52-week-low-today-check-the-full-list-here-11734327002725.html
| 2024-12-16T06:31:21Z
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2025 is almost here, and you know what that means—it’s time to load up on the top meme coins to buy for 2025 before they go supernova. Meme coins are the heart and soul of crypto’s wild side, and if you’re not already hopping on these rockets, you’re probably missing out. Trust me, you don’t want to be that person looking back in 2026 saying, “I should’ve bought that.” So, let’s dive in, talk about the best of the best, and make sure you’re ready to ride these meme waves straight into the future. I’m talking about BTFD Coin, Cat in a Dog’s World, and Dogs.
Let’s start with BTFD Coin, because if you haven’t heard of this one yet, it’s about time you did. BTFD Coin is absolutely blowing up—with its presale raising millions and over 55 billion coins sold in two weeks. The energy behind this one is insane!
BTFD Coin is here to buy the dip, flip the game, and show us all what it’s like to capitalize on market cycles. If you’re looking for a top meme coin to buy for 2025, this is the one. So grab your popcorn and get comfy because this ride is about to get wilder than a meme going viral.
1. BTFD Coin: Buy the Dip, Ride the Wave to Financial Glory
Let’s talk BTFD Coin because this one’s got serious buzz and isn’t going anywhere anytime soon. The Buy The Dip mentality isn’t just a slogan—it’s a way of life in the world of crypto, and BTFD Coin is taking it to the next level. The community’s tight (shout out to the Bulls Squad!), the staking rewards are off the charts (we’re talking 90% APY), and the play-to-earn game is going to be a game-changer.
But what really sets BTFD Coin apart is that it’s got a vision bigger than just another meme coin. It’s got a team with real plans, a game-changing ecosystem, and a community that’s literally living and breathing the phrase “buy the dip.”
If you want to jump into something that’s got massive upside potential for next year, BTFD Coin should absolutely be on your radar. Don’t sleep on it—the presale numbers don’t lie, and this one’s about to blow up even more in 2025.
2. Cat in a Dog’s World: The Purrfect Coin for the Bold
Alright, so you want something a little bit quirky? Enter Cat in a Dog’s World. This meme coin is basically what happens when cats and dogs stop fighting and decide to team up for world domination. The vibes? Hilarious, wholesome, and charming, with just the right dose of chaos. If you’re into underdog stories and like your coins to have that lovable rogue edge, this is definitely one of the top meme coins to buy for 2025.
Cat in a Dog’s World has taken the internet by storm because it combines the adorable cuteness of cats with the rebellious spirit of dogs. It’s surprisingly versatile, and this coin taps into a unique niche that’s bound to appeal to meme lovers.
So, why buy it? Well, its community engagement is off the charts, and it’s got some seriously cool utility coming up. Think of it like the dark horse of the meme coin world—fun, charming, and totally ready to rise to the top.
3. Dogs: Woof! Let’s Get This Party Started
The name says it all: Dogs is all about man’s best friend and their journey into the crypto spotlight. This meme coin has swagger, and its community is all about loyalty and fun. Dogs are always a crowd favourite, and if you’re looking for a top meme coin to buy for 2025, this one should be on your radar. It’s got cuteness, it’s got potential, and it’s got that “buy me now” energy.
Dogs Coin doesn’t just stop at being cute—it’s bringing the heat with a solid roadmap and a team that’s working hard to create real value for its holders. Whether it’s staking, games, or partnerships, Dogs is ready to take over the meme coin space in 2025.
So, if you’re a fan of the doggos and looking for something that’s got some serious long-term potential, you’ll want to keep an eye on Dogs. Trust me, this one’s going places.
Conclusion: Time to Jump In Before It’s Too Late!
And there you have it—the top meme coins to buy for 2025 that are about to blow up in ways you can’t even imagine.
Whether you’re into the strategic power of BTFD Coin, the chaotic charm of Cat in a Dog’s World, or the loyal fun of Dogs!, you’ve got some serious options to play with.
But here’s the thing—BTFD Coin is already on fire and if you’re ready to jump in before it gets even hotter, you better act fast. The presale has been insane, and the Bulls Squad is ready to roll.
So, get in now and be part of this wild ride that’s going to dominate 2025. It’s time to buy the dip, ride the wave, and let’s get this party started!
Find Out More:
Website: https://www.btfd.io/
X/Twitter: https://x.com/BTFD_COIN
Telegram: https://t.me/btfd_coin
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https://techbullion.com/top-meme-coins-to-buy-for-2025-shout-out-to-btfd-coin-cat-in-a-dogs-world-and-dogs/
| 2024-12-16T06:31:21Z
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| 2024-12-16T06:31:22Z
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Apple Inc. (NASDAQ:AAPL – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 154,100,000 shares, an increase of 9.3% from the November 15th total of 141,040,000 shares. Based on an average daily volume of 47,650,000 shares, the short-interest ratio is currently 3.2 days.
Apple Trading Up 0.1 %
Apple stock opened at $248.13 on Monday. Apple has a 12 month low of $164.07 and a 12 month high of $250.80. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.75 trillion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23. The company’s fifty day simple moving average is $232.50 and its 200-day simple moving average is $223.88.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple will post 7.43 EPS for the current fiscal year.
Apple Announces Dividend
Analyst Upgrades and Downgrades
A number of analysts have commented on AAPL shares. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Apple in a research note on Friday, November 29th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.
Check Out Our Latest Report on AAPL
Insider Activity at Apple
In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 in the last 90 days. 0.06% of the stock is currently owned by company insiders.
Institutional Trading of Apple
A number of institutional investors have recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. grew its stake in Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares during the last quarter. Northwest Wealth Management LLC boosted its holdings in Apple by 15.5% in the 1st quarter. Northwest Wealth Management LLC now owns 45,135 shares of the iPhone maker’s stock valued at $7,740,000 after purchasing an additional 6,050 shares during the period. MayTech Global Investments LLC grew its position in Apple by 9.5% in the 1st quarter. MayTech Global Investments LLC now owns 182,115 shares of the iPhone maker’s stock worth $31,229,000 after purchasing an additional 15,853 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Apple by 26.3% during the 1st quarter. Vident Advisory LLC now owns 285,925 shares of the iPhone maker’s stock worth $49,031,000 after purchasing an additional 59,568 shares during the period. Finally, EntryPoint Capital LLC raised its position in shares of Apple by 417.6% during the first quarter. EntryPoint Capital LLC now owns 1,822 shares of the iPhone maker’s stock valued at $312,000 after buying an additional 1,470 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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https://www.tickerreport.com/banking-finance/12746773/apple-inc-nasdaqaapl-sees-large-growth-in-short-interest.html
| 2024-12-16T06:31:22Z
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Jonathan Milner Appointed Interim CEO; Mark Kotter Assumes Vice Chairman Role as Company Expands Board with Distinguished Biotech Leaders
CAMBRIDGE, United Kingdom, Dec. 16, 2024 /PRNewswire/ -- bit.bio, the global leader in cell programming technology, today announced the successful closing of a $30 million financing round led by M&G Investments, a leading international savings and investment company. Existing investors, including ARCH Venture Partners, BlueYard Capital, Milky Way, Puhua Capital, and Tencent, participated in the round.
M&G's investment is through M&G's Crossover strategy, a global initiative led by M&G's public equity investment division to provide growth equity to high-quality, fast-growing private companies, enabling their transition from the private market to the public world. The continued backing of all of bit.bio's previous lead investors underscores strong confidence in the company's potential and strategic direction. This funding will accelerate bit.bio's transformation into the leading provider of human cells for research and drug discovery, furthering its mission to revolutionise tools for biomedical innovation.
As part of this renewed focus, bit.bio also strengthens its executive leadership team. Starting on 6 January 2025, Dr Jonathan Milner will take on the role of Interim CEO and join the Board of Directors. Dr Milner is a prominent entrepreneur and a key player in the UK life sciences and biotechnology sector. He established Abcam, a leading provider of protein research tools, and scaled it into a multi-billion-dollar enterprise, which was acquired in 2023 for nearly $6 billion. He also initiated the Milner Therapeutics Institute, designed to connect academia with industry, accelerating drug discovery and promoting partnerships between researchers and biopharmaceutical companies.
Dr Mark Kotter, bit.bio founder and inventor of the revolutionary opti-ox cell programming technology, will take on the role of Vice Chairman of the Board, continuing to help shape the company's strategic vision. "I'm delighted to welcome M&G, our first UK investor and a titan in life science investment, to join us in our mission to revolutionise drug discovery tools and transform human health," said Kotter. "Since founding bit.bio in 2016, it has been a privilege to lead the company through remarkable growth. Jonathan was not only the first investor in bit.bio but also my first business mentor. As part of our next phase of growth, I will work closely with Jonathan and the team to help shape bit.bio's future and establish bit.bio as the leading provider of human cells for research, drug discovery and the preferred partner for iPSC-derived cell therapies."
"I'm honoured to join bit.bio's Board of Directors and lead the company through this transformative phase," said Dr Jonathan Milner, incoming interim CEO at bit.bio. "Mark has built an incredible foundation for growth, and I am committed to building on this success. Over the coming months, Mark and I will collaborate to inspire bit.bio's exceptional team, advance its groundbreaking technology, and drive its mission forward."
In addition to Dr Milner joining the Board of Directors, bit.bio also announced the appointment of two distinguished biotechnology leaders to its Board, further strengthening the company's leadership team:
- Cornel Chiriac is an investment director with M&G Crossover Fund, focusing on late-stage investments in technology and science globally. He founded and invested for 10 years with 2050 Capital specialising in biotech and deep technology ventures. Mr Chiriac also leads the Chicago Booth Angels Network in London and has extensive experience in strategy consulting at LEK Consulting.
- Dr Richard D. Klausner is the founder and chief scientist at Altos Labs and a visionary leader in biotechnology. He has co-founded several leading biotechnology companies, including GRAIL, Juno Therapeutics, and Lyell Immunopharma, and has held senior executive positions at Illumina and the Bill & Melinda Gates Foundation. As former director of the U.S. National Cancer Institute (NCI), Dr Klausner was instrumental in advancing CAR-T therapy and shaping the nation's cancer research agenda.
"bit.bio is one of the rising stars in the European biotechnology sector, with the potential to make a profound global impact on human health," said Cornel Chiriac, Investment Director at M&G Crossover Fund. "We at M&G are thrilled to play our part in advancing Great Britain's scientific innovation and to support bit.bio's journey to become the world's leading provider of human cells."
"A consistent and scalable source of human cells is critical to overcoming long-standing challenges in translating scientific discoveries into effective treatments and making cell therapies widely available," said Dr Richard Klausner, Board Member, bit.bio. "I look forward to contributing to this important mission alongside such an exceptional team."
Dr Hermann Hauser, co-founder of Acorn Computers (creator of the ARM processor), early investor in Solexa (now part of Illumina), early investor in Abcam, co-founder of Amadeus Capital and Chairman at bit.bio, said, "These new board appointments bring unparalleled expertise across biotechnology, investment, research tools, and therapeutic innovation. We are delighted to welcome M&G to the bit.bio family. The continued support from our existing investors reaffirms their confidence in our team, technology, and mission."
About bit.bio
bit.bio designs and manufactures human cells to advance drug discovery and biomedical research enabling transformative treatments in human health. Using our proprietary deterministic cell programming technology, opti-ox, we convert induced pluripotent stem cells (iPSCs) into any desired human cell type in a single step. Our AI powered discovery platform identifies unique combinations of transcription factors that can program any desired cell type with exceptional purity and consistency at scale, with products ready to ship globally. To date, bit.bio's ioCells portfolio features 45 products, including ioWild Type Cells, ioDisease Model Cells, and ioCRISPR-Ready Cells.
Since spinning out from the University of Cambridge and launching in 2016, we have raised approximately $225m from leading investors, including Arch Venture, Blueyard Capital, Charles River Laboratories, Foresite Capital, M&G, Milky Way, National Resilience, and Tencent.
For more information, please visit: www.bit.bio
For information on bit.bio's trademarks, visit www.bit.bio/trademarks
LinkedIn: https://www.linkedin.com/company/bitbioltd/about/
About M&G Investments
M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc's UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £346.1 billion of assets under management (as at 30 June 2024). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.
For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.
M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.
M&G plc has committed to achieve net zero carbon emissions on its total book of assets under management and administration by 2050 and committed to reduce operational carbon emissions as a corporate entity to net zero by 2030. For more information, please visit: https://global.mandg.com/
Media Contact:
Chris Hempel
Spark Public Relations
chris.hempel@sparkpr.com
View original content:https://www.prnewswire.co.uk/news-releases/bitbio-raises-30-million-led-by-mg-investments-to-focus-on-tools-for-the-research-drug-discovery-and-cell-therapy-markets-302332119.html
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https://www.finanznachrichten.de/nachrichten-2024-12/64086460-bit-bio-raises-dollar-30-million-led-by-m-g-investments-to-focus-on-tools-for-the-research-drug-discovery-and-cell-therapy-markets-008.htm
| 2024-12-16T06:31:22Z
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Trending:
Keerthy Suresh Slips Into White Halter-Neck Lace Gown For Dreamy Christian Wedding
Keerthy Suresh’s wedding blended tradition and elegance. She dazzled in a lace Zuhair Murad gown for her Christian ceremony. Here's decoding her look!
Decoding Keerthy Suresh's bridal look
Keerthy Suresh just got married and we can't stop swooning! If you thought the actress donning a yellow and green kanjeevaram for her special day was fantastic, wait till you see how she dressed up for her Christian wedding.
Keerthy Suresh’s wedding to Antony Thattil was nothing short of a dreamy affair in Goa, filled with a blend of traditions. After a traditional South Indian ceremony, the duo got married the Christian way, looking quite stunning in their Western ensembles.
Decoding Keerthy Suresh's wedding look
For her Christian wedding, Keerthy was clad in a gorgeous halter-neck gown by renowned designer Zuhair Murad. The dress, crafted from flowing white fabric with intricate lace applique was delightful vision of elegance, featuring an A-line silhouette for a timeless charm.
In-line with traditions, she complimented the gown with a sheer white veil adorned with matching embroidery. As for accessories, Keerthy put on a pair of minimal emerald studs to make a statement on her big day.
Check out Keerthy Suresh's gorgeous wedding gown right here:
The actress was a vision of grace and sophistication on her wedding day. Keeping her makeup subtle, she glammed up in neutral shades for an understated yet refined look. As for her hair, it was styled in a pulled-back half-updo.
While her white dress drew a lot of appreciation from fans, Keerthy's Hindu festivities quite literally broke the internet. For one ceremony, she donned a vibrant yellow and green Kanjeevaram saree designed by Anita Dongre. Her second look for the rituals consisted of a classic red saree
How much are you loving Keerthy Suresh's bridal looks? Let us know in the comments
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https://www.timesnownews.com/lifestyle/fashion/celeb-style/keerthy-suresh-slips-into-white-halter-neck-lace-gown-for-dreamy-christian-wedding-article-116354308
| 2024-12-16T06:31:23Z
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52 Week Low Stocks Today on December 16, 2024: Shares of Coffee Day Enterprises, Bright Solar, Universus Photo Imagings, ZF Commercial Vehicle Control Systems India, Trucap Finance hit their fresh 52 wk lows today. Nifty 50 was down by -91.95(-0.37%) points and Sensex was down by -391.42(-0.48%) points at 16 Dec 2024 10:59:55 IST. Bank Nifty was down by -57.6(-0.11%) points at 16 Dec 2024 10:44:59 IST. Other stocks such as LTI Mindtree, Page Industries, HCL Technologies, Ultratech Cement, Vedanta hit their fresh 52 wk highs today.
In the BSE Sensex index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.In the Bank Nifty index Indusind Bank, CANARA BANK, Punjab National Bank, Federal Bank, ICICI Bank were the top gainers while Au Small Finance Bank, Kotak Mahindra Bank, HDFC Bank, Bank Of Baroda, IDFC First Bank were the top losers.For the complete list of 52 week low stocks click here.
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https://www.livemint.com/market/stock-market-news/52-week-low-stocks-today-on-december-16-2024-coffee-day-enterprises-bright-solar-others-hit-52-week-low-today-check-the-full-list-here/amp-11734327002725.html
| 2024-12-16T06:31:23Z
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https://ponasa.condesan-ecoandes.org/sonographer-resume-writing-101-for-graduating-students-resume-writing/
| 2024-12-16T06:31:21Z
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Moyes Not Planning Transfer Splurge
Manchester United manager David Moyes says his side's early-season problems will not be resolved by quick-fix signings during the January transfer window.
Manchester United manager David Moyes says his side's early-season problems will not be resolved by quick-fix signings during the January transfer window.
United have lost three of their first six Premier League games since Moyes succeeded Alex Ferguson, which represents their worst start to a season in 24 years.
Moyes missed out on a number of transfer targets during the close season, including Everton left-back Leighton Baines and Athletic Bilbao midfielder Ander Herrera, but he says fans should not expect a flurry of activity when the transfer window re-opens.
"I'll look at January, but I wouldn't want people to have big expectations of what we would sign or do," Moyes said, ahead of his side's trip to Sunderland on Saturday.
"In the main, January has not been a great month to sign at the top level. If you're in trouble near the bottom, you might as you're desperate for something, but we'll be looking for the top players."
However, Moyes did admit that the club was on the look-out for players capable of improving the champions' squad.
"Undoubtedly we will, in time, try and make the squad better. The job is to make progress at Manchester United," he said.
"They won the league last year, but I want to try and progress on that, try to win it again, and try to win the cups if possible as well.
"We'll also look to add to the squad if the right players become available. We wanted to try and get one or two players in which, I said at the time, we wanted to buy players to come into the team if possible.
"That was the goal. We didn't need many more players, just one or two who could definitely help and affect on the first team."
Meanwhile, Moyes has received support from former Manchester United star David Beckham, who has backed the Scot to make a success of his time at Old Trafford.
"There was always going to be that moment when Sir Alex Ferguson retired," the former England captain told British newspaper The Daily Telegraph.
"Who was going to take over, what was it going to be like when a new manager came in, were they going to be the same force as they have been over the last 20 years? They will be because they are Manchester United. There's a transitional period that will happen, but David Moyes is a very good manager."
AFP
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https://www.indiatimes.com/sports/football/moyes-not-planning-transfer-splurge-105164.html
| 2024-12-16T06:31:23Z
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Seven foreign tourists were hospitalized in Fiji after drinking cocktails at a resort bar, Fijian authorities said on Monday.
The cause of their illness was not known and officials said it was too soon to know if tainted alcohol was involved.
Those who became ill at the five-star Warwick resort near the town of Sigatoka on Saturday included Australians and an American, according to local news reports. They were hospitalized with nausea, vomiting and neurological symptoms, said Jemesa Tudravu, a Fiji Health Ministry spokesperson.
Two people remained in the hospital, conscious and in stable condition, Fiji's Tourism Minister Viliame R. Gavoka told reporters on Monday. One person was discharged on Sunday and four others on Monday.
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David Sandoe, an Australian man who said his daughter and granddaughter were hospitalized, told Sky News Australia that his relatives had been released from the hospital and were due to fly home on Monday night.
Local news outlets reported on Sunday that the cause of the foreigners' illness was suspected alcohol poisoning, similar to a case in Laos in November in which six tourists — including two Australian teenagers — died after consuming tainted drinks.
But Tudravu said no cause had been identified in the Fiji episode. Police have ordered toxicology tests and are awaiting results — which are expected to take three or four days — Gavoka said.
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The bar was full of customers on Saturday night and many had ordered piña coladas, the drink consumed by those who became ill, said the official.
Gavoka said no other reports of similar illness were recorded at the resort or across Fiji, a South Pacific island nation of 930,000 people.
“The resort management has assured us that they have not engaged in practices such as substituting ingredients or altering the quality of drinks served to guests,” Gavoka said. The hotel, located on the picturesque Coral Coast of the largest island, Viti Levu, has operated for many years and “holds a strong reputation,” he added.
“This is the only reported case of its kind that we’ve experienced in recent memory, and certainly nothing like this has been experienced this year,” Gavoka said.
Australia's Foreign Ministry said in a statement that officials are providing consular assistance to two Australian families in Fiji.
The ministry did not comment on the cause of the Australians' illness, but its website advising tourists was updated on Monday to caution travelers about “potential risks around drink spiking and methanol poisoning through consuming alcoholic drinks.”
A spokesperson for the resort, Savaira Molaucake, said staff were “conducting a thorough investigation” of the incident and were working closely with authorities.
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https://www.nbcphiladelphia.com/news/national-international/7-foreign-tourists-hospitalized-in-fiji-after-drinking-cocktails-at-a-resort-bar/4055042/
| 2024-12-16T06:31:22Z
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CISF Constable Fire Admit Card 2024 for PET, PST, DV out at cisfrectt.cisf.gov.in, download link here
CISF Constable Fire Admit Card 2024 for PET, PST, DV has been released. The download link is given here.
Central Industrial Security Force has released CISF Constable Fire Admit Card 2024 for PET, PST, DV. Candidates who want to appear for PET/PST/DV can download the admit card through the official website of CISF at cisfrectt.cisf.gov.in.
The Constable (Fire) 2024 Physical Efficiency Test (PET)/Physical Standard Test (PST) Verification (DV) will be held from December 24 to January 20, 2025 at 35 centres across the Country.
REET 2024 registration begins at rajeduboard.rajasthan.gov.in, direct link here
The candidates are advised to download their Admit Card for PET/PST/DV using their Registration ID and Password from the website. Follow the steps given below to download the hall ticket.
Direct link to download CISF Constable Fire Admit Card 2024
CISF Constable Fire Admit Card 2024: How to download
- Visit the official website of CISF at cisfrectt.cisf.gov.in.
- Click on CISF Constable Fire Admit Card 2024 link available on the home page.
- A new page will open where candidates will have to enter the login details.
- Click on submit and your admit card will be displayed.
- Check the admit card and download the page.
- Keep a hard copy of the same for further need.
In case of inability in downloading E-Admit cards from the website candidates should contact CISF at least one week before PET/PST/DV. In case of non-receipt of admit cards the candidate may contact at CISF helpline number 011-24366431/24307933 (1000 to 1800 hrs on working days only).
The selection process comprises of Physical Efficiency Test (PET)/Physical Standard Test (PST) Verification (DV), Written Examination (OMR/CBT), Detailed Medical Examination (DME)/ Review Medical Examination (RME). The written test under OMR/ Computer Based Test (CBT) mode will be conducted only in English and Hindi languages.
This recruitment drive will fill up 1130 Constable posts in the organisation. The registration process was started on August 31 and concluded on September 30, 2024. For more related details candidates can check the official website of CISF.
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https://www.hindustantimes.com/education/competitive-exams/cisf-constable-fire-admit-card-2024-for-pet-pst-dv-out-at-cisfrectt-cisf-gov-in-download-link-here-101734326788198.html
| 2024-12-16T06:31:24Z
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Wockhardt shares hit a nearly nine-year high of Rs 1,536.40, as they locked in 10 per cent upper circuit on the BSE in Monday’s intra-day trade after the company announced the successful use of its drug Zaynich in a patient suffering from Cancer in the US.
The stock of the pharmaceutical company is trading at its highest level since January 2016. It had hit a record high of Rs 1,996.66 on March 12, 2013. Till 10:10 AM, a combined 1.9 million shares had changed hands and there are pending buy orders for 130,000 shares on the NSE and BSE. In comparison, the BSE Sensex was down 0.18 per cent at 81,986 around the same time.
Wockhardt said in an exchange filing said that its drug Zaynich (Zidebactam/Cefepime, WCK 5222), has enabled a US cancer patient to undergo a successful liver transplant and resume chemotherapy, as the drug was able to eradicate dual extreme-drug resistant Gram negative pathogens in the patient.
Zaynich, a combination of Zidebactam & Cefepime, is Wockhardt’s novel proprietary antibiotic, targeted towards multi-drug resistant Gram-negative infections. It is currently nearing completion of Phase III study which would support its registration/marketing authorisation globally.
Earlier, multiple Phase I studies, including clinical pharmacology studies with zidebactam/cefepime were conducted in US. Zaynich (Zidebactam/Cefepime) is also undergoing a clinical study in India for the treatment of carbapenem-resistant infections.
Wockhardt is a research-based global pharmaceutical and biotech company. Wockhardt’s New Drug Discovery programme has focussed on unmet need of anti-bacterial drugs that are effective against the menace of untreatable superbugs. Wockhardt is the only company in the world, where the US FDA has given a QIDP Status (Qualified Infectious Disease Product) for six of its anti-bacterial discovery programmes – three of them are Gram Negative and three Gram Positive, effective against untreatable “Superbugs”.
Meanwhile, currently, Wockhardt is trading 39 per cent higher over its qualified institutional placement (QIP) price of Rs 1,105 per share. On November 11, the company had raised Rs 1,000 crore by allotting 9.05 million equity shares to qualified institutional buyers (QIBs), including Tata Mutual Fund, HDFC Mutual Fund and Bandhan Mutual Fund.
Earlier, in March 2024, the company had raised Rs 480 crore by issuing 9.29 million equity shares to QIBs at a price of Rs 517 per share. The funds raised will be utilised largely to meet its clinical R&D program, and secondly to deleverage the balance sheet, the company said.
Thus far in the calendar year 2024, Wockhardt has outperformed the market, with the stock price of the company zooming 262 per cent, as compared to the 13 per cent rise in the BSE Sensex.
Overall, export markets contributed approximately 78 per cent to the company’s revenues. The company derived around 84 per cent of its revenues from the branded generic/generic formulations segment and around 15 per cent from the biosimilars segment, while the balance was derived from the NCE segment, in which the company sells Emrok and Emrok O in the domestic market.
The company is currently focusing on launching its existing biosimilars in markets where it does not have a presence and launching new biosimilars (such as insulin glargine) in existing and new markets to support its growth, going forward, according to ICRA.
ICRA also notes that the company has partnered with Serum Institute of India (Serum), to manufacture vaccines at the company’s manufacturing facility in the UK and revenues from the same are expected to commence from FY2026.
ICRA expects that the company will be able to meet its near-term debt repayment obligations, fund its incremental working capital requirements and incur the pending expenditure towards completing the phase-3 clinical trials of WCK 5222 (Zaynich - Zidebactam/Cefepime) through its existing cash balances and expected internal accruals.
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https://www.business-standard.com/amp/markets/news/this-pharma-stock-hits-nearly-9-year-high-freezes-10-upper-circuit-today-124121600248_1.html
| 2024-12-16T06:31:25Z
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Vehicle inspections are more than just routine checks—they’re essential for maintaining safety, reliability, and compliance with state laws. For drivers in WV state inspection areas, understanding the inspection process can prevent surprises and ensure their vehicle remains roadworthy. Mechanics play a crucial role in this process, and asking informed questions can reveal invaluable insights about your car’s condition. Explore the top questions you should ask your mechanic during a vehicle inspection and explain why these inquiries are crucial for every vehicle owner.
“During inspections, what are the most typical problems you encounter?”
Mechanics are often the first to notice patterns of recurring issues in vehicles, making this question an excellent starting point. By understanding the common pitfalls, you can proactively address potential problems before they escalate.
1. Brake System Problems
Brake-related issues are one of the most frequently flagged during inspections. Common problems include worn brake pads, warped rotors, or leaking brake fluid. These issues not only affect your car’s ability to stop safely but can also lead to costly repairs if ignored. Mechanics can explain the wear-and-tear process and advise on replacing components before they fail.
2. Tire Wear and Alignment
Tires play a critical role in road safety. Uneven tread wear, low tread depth, or improperly inflated tires are red flags during inspections. Additionally, wheel misalignment can cause uneven wear and affect handling, leading to further complications. By addressing tire and alignment issues early, you enhance safety, fuel efficiency, and tire longevity.
3. Lighting and Electrical Systems
Burned-out bulbs, faulty wiring, and malfunctioning electrical systems are minor yet common problems that can fail an inspection. Mechanics often spot issues with brake lights, turn signals, and headlights that drivers overlook. Addressing these promptly ensures visibility and compliance with state laws.
4. Exhaust and Emissions
Many inspections include testing for emissions compliance. Faulty catalytic converters, oxygen sensors, or exhaust leaks can cause a vehicle to fail. Mechanics can identify these problems early and suggest affordable fixes to avoid costly fines or repeated testing.
“What repairs should I prioritize to get fixed first?”
Not all repairs carry the same level of urgency. This question helps you focus on the essential fixes needed to pass the inspection and avoid unnecessary expenses.
1. Immediate Safety Concerns
Safety-related repairs, such as fixing brakes or replacing cracked windshields, should be addressed immediately. These issues pose risks not only to the driver but also to others on the road. Mechanics often prioritize these to ensure the vehicle is safe to operate.
2. Emission Control System
Vehicles with faulty emissions systems might fail inspections due to environmental compliance standards. Mechanics can suggest targeted repairs, such as replacing the catalytic converter or fixing a faulty oxygen sensor, to meet state regulations.
3. Structural Integrity Repairs
Rust, dents, or damage to the car’s frame can lead to a failed inspection. Mechanics may recommend treatments or replacements for affected parts to restore the vehicle’s structural soundness and visual appeal.
4. Fluid Leaks
Leaks in the engine, transmission, or coolant systems can indicate underlying problems. Repairing these leaks not only helps the vehicle pass the inspection but also prevents future breakdowns or expensive repairs.
“So, how can I keep my vehicle in good repair so that I don’t have to pay to fix things that aren’t broken?”
Preventative maintenance is the best way to keep your car inspection-ready year-round. Mechanics can provide practical advice tailored to your vehicle’s specific needs.
1. Schedule Regular Maintenance
Preserving a vehicle’s health begins with regular maintenance. Scheduling periodic checks for brakes, tires, lighting, and fluid levels helps catch problems early. A mechanic might recommend an inspection checklist for use between formal appointments.
2. Monitor and Replace Fluids
Keeping fluids topped up and clean is critical for the longevity of your car. For instance, low or dirty engine oil can lead to engine wear, while insufficient brake fluid compromises stopping power. For best performance, replace these fluids regularly.
3. Respond to Warning Lights
Dashboard warning lights are often overlooked until inspection time. Addressing these promptly prevents small issues from becoming costly repairs. A mechanic can use diagnostic tools to interpret warning codes and suggest necessary fixes.
4. Protect Against Rust and Corrosion
In regions with harsh winters or salted roads, rust prevention is crucial. Applying rust-proofing treatments or washing the underside of your vehicle can reduce wear and tear on critical components.
5. Adopt Seasonal Preparations
Seasonal maintenance ensures that your car is ready for specific weather conditions. For example, before winter, mechanics might recommend checking the battery, heating system, and tire tread to handle icy roads.
Conclusion
The vehicle inspection process doesn’t have to be daunting. By asking informed questions, such as identifying common issues, prioritizing repairs, and seeking maintenance advice, car owners can take charge of their vehicle’s health and safety. Partnering with a knowledgeable mechanic during a WV vehicle inspection ensures that your car meets regulatory requirements and remains reliable on the road. Whether you’re addressing current concerns or planning for long-term upkeep, these conversations can save time, money, and stress—keeping your vehicle inspection-ready all year round.
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https://techbullion.com/top-questions-to-ask-your-mechanic-during-a-vehicle-inspection/
| 2024-12-16T06:31:27Z
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Specifications for the 2015 Porsche 911 Carrera 4. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2015-porsche-911-carrera-4-991-my15-petrol-2d-cabriolet-ZrmXCEZJzr
| 2024-12-16T06:31:27Z
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Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 5,490,000 shares, an increase of 5.4% from the November 15th total of 5,210,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,630,000 shares, the days-to-cover ratio is currently 3.4 days.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ADP. Mizuho lifted their price objective on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a report on Monday, November 4th. TD Cowen lifted their price target on Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Barclays boosted their price objective on Automatic Data Processing from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, UBS Group increased their target price on Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $289.91.
Get Our Latest Research Report on Automatic Data Processing
Automatic Data Processing Trading Down 0.7 %
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.12. Automatic Data Processing had a net margin of 19.72% and a return on equity of 82.36%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same period last year, the firm posted $2.08 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts expect that Automatic Data Processing will post 9.93 earnings per share for the current fiscal year.
Automatic Data Processing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be given a $1.54 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.40. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.08%. Automatic Data Processing’s dividend payout ratio is 59.77%.
Insider Activity
In other news, VP Sreenivasa Kutam sold 38,975 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the completion of the transaction, the vice president now directly owns 32,604 shares of the company’s stock, valued at $9,781,200. The trade was a 54.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On Automatic Data Processing
A number of institutional investors have recently added to or reduced their stakes in ADP. State Street Corp increased its stake in shares of Automatic Data Processing by 2.4% in the 3rd quarter. State Street Corp now owns 18,334,580 shares of the business services provider’s stock worth $5,098,541,000 after acquiring an additional 424,328 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Automatic Data Processing by 2.8% in the third quarter. Geode Capital Management LLC now owns 10,517,642 shares of the business services provider’s stock valued at $2,906,257,000 after purchasing an additional 286,080 shares during the period. Ameriprise Financial Inc. increased its position in Automatic Data Processing by 12.0% during the second quarter. Ameriprise Financial Inc. now owns 4,065,308 shares of the business services provider’s stock worth $964,989,000 after purchasing an additional 435,093 shares during the last quarter. Legal & General Group Plc raised its stake in Automatic Data Processing by 4.1% during the second quarter. Legal & General Group Plc now owns 3,548,165 shares of the business services provider’s stock worth $846,912,000 after purchasing an additional 139,561 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Automatic Data Processing by 1.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,238,526 shares of the business services provider’s stock valued at $896,197,000 after purchasing an additional 41,709 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.
About Automatic Data Processing
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.
See Also
- Five stocks we like better than Automatic Data Processing
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- What is the Dogs of the Dow Strategy? Overview and Examples
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- What Are Growth Stocks and Investing in Them
- Texas Instruments: The Old-School Tech Titan Still Delivering
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https://www.tickerreport.com/banking-finance/12746774/short-interest-in-automatic-data-processing-inc-nasdaqadp-expands-by-5-4.html
| 2024-12-16T06:31:28Z
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Dixon Technologies share price hit a record high on Monday after the company announced to form a joint venture with Vivo India to undertake OEM business of electronic devices, including smartphones. Dixon Technologies shares gained as much as 4.8% to a record high of ₹18,819 apiece on the BSE.
Dixon and vivo India announced the execution of a binding term sheet on December 15, 2024 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of electronic devices including smartphones.
Dixon will hold 51% of the share capital and vivo India will hold 49% of the share capital in the proposed joint venture entity.
Neither Dixon nor vivo India will have any stake in each other. The facility will undertake part of vivo’s OEM orders of smartphones in India, and can also engage in OEM business of various electronic products of other brands, Dixon Technologies (India) said in a regulatory filing.
The parties will agree on an optimum structure and the relevant terms and conditions to be set out in the definitive agreements, it added.
“This partnership further strengthens our strong foothold in the android smartphone ecosystem in India. There is immense potential to further build on shared capabilities together in times to come, to deliver sustainable growth for the proposed venture,” said Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies.
Dixon Technologies (India) is a home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
Dixon Technologies stock price has given decent returns of over 26.5% in one month and over 66% in six months. The shares have delivered multibagger returns of nearly 190% year-to-date (YTD), and more than 2,500% in the past five years.
At 11:30 AM, Dixon Technologies shares were trading 4.24% higher at ₹18,720.00 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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https://www.livemint.com/market/stock-market-news/dixon-technologies-share-price-jumps-over-4-to-a-record-high-on-joint-venture-pact-with-vivo-india-11734328521798.html
| 2024-12-16T06:31:29Z
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Trending:
Christmas Special: Exploring Anglo-Indian Festive Food Rituals For The Holiday Season
The Christmas season is here, and the whole world is busy preparing for the festival. As we know, each region in the world has their own traditional dishes and ways to celebrate this Holiday festival, but in the Anglo-Indian households, you can see a delectable fusion of two cultures. Let's explore how they celebrate Christmas.
Christmas Special: Exploring Anglo-Indian Festive Food Rituals For The Holiday Season
Christmas is time to gather with your family and indulge in some festive dishes to create memories for the lifetime. Each country has their own way to celebrate this Holiday festival with lots of special mouthwatering delicacies. But have you ever wondered what's on the Christmas table in Anglo Indians homes? Bringing together English traditions with the local flavours, this festival is a fusion of two cultures. We sat down with some Anglo-Indian culinary experts to know how they celebrate Christmas.
Deeply rooted in their unique cultural identity and a blend of British and Indian heritage, Anglo-Indians celebrate the season with gusto, balancing age-old customs with regional flavours. From preparing traditional goodies to a week-long itinerary of festivities, Christmas in this community is all about food, family and faith.
Weeks Of Preparations
For Anglo-Indians, the lead-up to Christmas is as significant as the day itself. Preparations start weeks in advance, particularly with baking the iconic Christmas cake. This cake, a hallmark of their culinary heritage, includes chopping dried fruits and soaking them in rum or brandy. As Bridget White Kumar, a Cookbook Author and Culinary Consultant in Colonial Anglo-Indian Cuisine, says, "The cakes were usually baked 3 to 4 weeks earlier, allowing the flavours to mature." The rich aroma of these cakes, often infused with good doses of alcohol, becomes a defining sensory memory of the season.
Equally labour-intensive are the sweet treats that populate every Anglo-Indian Christmas table. From kul kuls and rose cookies to marzipan and peanut fudge, these confections are steeped in history and symbolism. Chef Karen Myers, founder and chef at House of Anglo, recalls her favourite tradition- "Rolling out kul kuls with family, chatting, sipping mulled wine and listening to carols is the spirit of Christmas for us."
Blending Cultures On The Festive Plate
The Anglo-Indian Christmas feast is a presentation to the community’s ability to merge British culinary traditions with Indian flavours. Traditional British dishes like roasts, puddings and pies are enlivened with the addition of spices like cinnamon, cloves and ginger. As Chef Karen explains, “The fusion comes with the addition of spices like red chilli powder and whole spices, giving an Indian touch to an otherwise bland roast.”
Breakfast on Christmas morning is a hearty affair. It often includes roasted meats, sausages, bacon, eggs and baked beans, paired with bread or buns. Chef Ruth Phillips, Home chef, Anglo-Indian Cuisine fondly recounts her family’s breakfast tradition, "We start the day with fried eggs, sausages, cold cuts and coffee, a feast that sets the tone for the celebrations."
Lunch features a scrumptious spread of curries, vindaloos and stews, often paired with spiced rice dishes like coconut rice or pulao. According to Bridget, dishes such as Ox Tongue Vindaloo and Buffards are popular choices, though modern households may adapt to smaller, more practical menus.
Dinner is typically centered around a grand roast, be it turkey, duck or chicken served with mashed potatoes, vegetables and gravy. Though turkey roasts are now less common, chicken or pork roasts, flavoured with Indian spices, have become staples. Desserts like plum pudding, rum cakes and the lesser-known Dodol and Beveca add a sweet conclusion to the day.
Beverages And Spirits Makes The Christmas Merrier
No Anglo-Indian Christmas is complete without homemade beverages. Ginger wine and grape wine, often non-alcoholic, are festive staples, while rum and shandy (beer mixed with lime soda) add a celebratory zing to the table. These drinks not only reflect the community’s ingenuity but also their knack for infusing regional elements into their celebrations.
A Week Of Togetherness, Joy And Food
Christmas for Anglo-Indians is not confined to a single day. It’s an entire week of celebrations, filled with family gatherings, carol singing, dancing and games. Chef Ruth vividly describes the itinerary, "Starting from the 21st, we host parties, attend carol singing, go for midnight mass and wake up to a sumptuous breakfast. Lunches are elaborate and dinners often involve gift exchanges and dancing. The week also includes picnics, barbeques and housie games."
These traditions are steeped in nostalgia. As children, families would head to scenic spots like Damdama Lake for picnics, where they cooked dishes like Junglee Pulao over open fires. "We collected sticks for the fire and played games like rounders, similar to baseball," Chef Ruth further adds.
The Deeper Meaning Of Dishes
Many Anglo-Indian Christmas dishes carry strong symbolic and historical significance. Plum pudding, a quintessential British dessert, represents the community’s colonial roots, while the Christmas cake which is soaked in rum or brandy honours their European heritage. These culinary traditions are not just recipes; they are heirlooms, passed down through generations, keeping the community’s history alive.
The True Essence Of Christmas
The celebration of Christmas is not just about fun and festivities, they are about creating memories, fostering connections and honouring a shared heritage. From the meticulous preparation of meals to the joy of dancing and exchanging gifts, every moment showcases the community’s bright and beautiful spirit of preserving the traditions.
As Chef Karen aptly puts it, “Caroling, setting up the Christmas tree, dancing, and our lavish meals bring us closer as a family and as a community. It’s a celebration of who we are, a beautiful blend of British and Indian traditions.” In the end, an Anglo-Indian Christmas is more than a festive season; it’s a heartfelt expression of identity, history and the unbreakable bond of family.
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Ghosal Reaches Semis; Pallikal Loses
Third seed Saurav Ghosal continued his fine run of form when the Indian reached the semifinal of the Financiere Banque Nationale Montreal Open squash tournament with an emphatic 3-1 win over Egypt's Omar Abdel Azaiz on Saturday.
MONTREAL (Canada): Third seed Saurav Ghosal continued his fine run of form when the Indian reached the semifinal of the Financiere Banque Nationale Montreal Open squash tournament with an emphatic 3-1 win over Egypt's Omar Abdel Azaiz on Saturday.
Ghosal, the highest-ranked Indian of all-time who celebrated a best-ever world number 17 this month, defeated his 30-year-old Egyptian opponent in less than an hour, winning 11-3, 11-4, 2-11, 11-4.
"Happy to win my match 3-1 today," Ghosal tweeted after the match.
"Aziz played some good stuff but thankfully my squash was better than yesterday!" wrote the 27-year-old from Kolkata later.
Ghosal will meet Spanish favourite Borja Golan in the semi-final of the PSA World Tour International 35 squash event in its fifth year.
Golan, the world No. 9 from Santiago de Compostela, prevailed in a marathon battle which lasted 102 minutes to beat Scotland's world No. 32 Alan Clyne 9-11, 12-10, 11-5, 11-9.
In New York, Pallikal, however, went down to world number one Nicol David of Malaysia in straight games in the quarterfinal of the Carol Weymuller Open tournament.
India's number one female player Pallikal, who had defeated Australia's No. 8 seed Kasey Brown on Friday to make the quarters, lost 7-11, 5-11, 4-11 in the Women's Squash Association Gold 50 event celebrating its 40th anniversary at The Heights Casino in Brooklyn.
"I'm tired after my long match yesterday. When you play Nicol you have to be fresh to have a chance," said Pallikal.
"I started well in the first game and she just got tighter in the second and third which made me go for more shots and she just got onto the balls. I've had a good tournament and I've got a lot to learn. It's all a learning process for me. I really made use of this tournament and hopefully I'll come back in a week or so in Macau and play well. You've got to take the positives and learn from it," the Chennai-girl added.
PTI
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https://www.indiatimes.com/sports/more-sports/ghosal-reaches-semis;-pallikal-loses-105167.html
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REET 2024 registration begins at rajeduboard.rajasthan.gov.in, direct link here
REET 2024 registration begins. The direct link to apply is given here.
Rajasthan Board of Secondary Education has started the REET 2024 registration process on December 16, 2024. Candidates who want to apply for Rajasthan Eligibility cum Entrance Test can find the direct link through the official website of RBSE at rajeduboard.rajasthan.gov.in.
The last date to apply for the examination is January 15, 2025. To apply online, candidates can follow the steps given below.
Direct link to register for REET 2024
REET 2024: How to register online
- Visit the official website of RBSE at rajeduboard.rajasthan.gov.in.
- Click on REET 2025 registration link available on the home page.
- A new page will open where candidates will have to register online.
- Once done, login to the account.
- Fill the application form and make the payment of application fee.
- Click on submit and download the page.
- Keep a hard copy of the same for further need.
Candidates who want to appear for Level 1 will have to pay ₹550/- as application fee, candidates who want to appear for Level 2 will have to pay ₹550/- as application fee and candidates who want to appear for Level 1 and 2 will have to pay ₹750/- as application fee.
REET 2024 examination will be held on February 27, 2025, in two shifts- a first shift from 10 am to 12.30 pm and the second shift from 3 pm to 5.30 pm. The question paper will comprise of multiple choice questions. A total of 150 questions will be asked for 1 mark each. Candidates will have to reach the exam centre 2 hours prior to the commencement of the examination. There is no negative marking in this exam.
The admit card will be available on the official website for download from 4 pm onwards on February 19, 2025. Depending on the available resources, information related to admit card can also be sent through e-mail or message (SMS) on mobile number. For more related details candidates can check the official website of RBSE.
Official Notice Here
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| 2024-12-16T06:31:30Z
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A woman was arrested in Iran after she posted a video of herself singing without a hijab on YouTube, even though the Iranian parliament passed a new, stricter law on women's modesty that rights groups have criticized.
Parastoo Ahmadi posted a 27-minute video of her concert performance Wednesday, in which she sang in a sleeveless dress with her hair down accompanied by four male musicians. In the caption, she described it as an "imaginary concert" and invited the audience to "imagine this beautiful homeland" in Iran.
The performance was recorded in a caravanserai, the name for the roadside inns historically built along the Silk Road to provide merchants and travelers with places to rest as they trekked the ancient trade route spanning North Africa to Central Asia. Ahmadi wrote that it was "where history and our myths intertwine."
"I am Parastoo, a girl who wants to sing for the people I love," the caption said. "This is a right I could not ignore; singing for the land I love passionately."
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Milad Panahipour, an Iranian lawyer, told The Associated Press that Ahmadi was arrested Saturday over the performance. He said he was unaware of the charges, the arresting agency or the location of her detention.
Iran's judiciary confirmed that a case has been opened into Ahmadi's performance but did not specify the charges. The statement, released by the state-run Mehr News Agency, also said Ahmadi was released after an interview with authorities.
"The Mazandaran Police Information Center announced that Ms. Parastoo Ahmadi attended a briefing session after posting a video deemed contrary to cultural norms and values," the agency said. "She has been asked to appear before judicial authorities."
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The Hengaw Organization for Human Rights, a Norway-based organization, said it got a report that two of the men performing with her — Sohail Faghih-Nassiri and Ehsan Beyraghdar — were also arrested.
Iran's hijab laws tighten
The hard-line regimes that have reigned since Iran's 1979 Islamic Revolution have passed laws saying women must be veiled in the presence of men, though women have resisted the rules both domestically and abroad.
Conflict over the issue drew international outrage once again in 2022 when a young woman named Mahsa Amini, 22, was arrested outside a subway station in Tehran and accused of failing to properly wear a hijab. She was dead just three days later.
Iran's government denied wrongdoing, claiming that Amini died of pre-existing medical conditions. Human rights groups, however, have cast doubt on that, and a United Nations fact-finding mission asserted she was killed “as a result of beatings” by Iranian authorities.
Her death drew rage throughout Iran, drawing women out to protest in droves despite violent crackdowns by authorities.
The authorities who enforce the modesty laws, often called the morality police, have eased public confrontations with women over veiling since President Masoud Pezeshkian was elected this year. Pezeshkian campaigned as a reformist who opposed such types of morality police patrols.
But enforcement has not stopped altogether, according to locals who have said the police are now instructed to issue warnings rather than take immediate action. So-called anti-unveiling clinics have also been established, where women are encouraged to follow the hijab laws through "therapy."
Despite Pezeshkian's reformist approach, the parliament pushed even harsher laws about women's veiling this year.
The Hijab and Chastity Law was originally submitted by former President Ebrahim Raisi, who died in May, and it was ultimately passed in September, according to Human Rights Watch. Enforcement will go into effect for a three-year trial period, which the rights organization said will dramatically increase the punishments for women who do not comply.
The new law extends the enforcement into online spaces, increases fines for violations depending on frequency, institutes a travel ban for offenders and includes long-term imprisonment as punishment, Human Rights Watch reported. Fines alone could be detrimental for many Iranians as the country's economy has struggled under the weight of years of sanctions and regional conflict.
The U.N. Human Rights Council's experts on Friday called for the law to be repealed, describing it as a "comprehensive system of gender-based persecution."
Pezeshkian himself criticized the law this month as difficult to enforce in both a statement on X and an interview on state television.
“We should not do anything that disrupts the unity and solidarity of society,” Pezeshkian said. “We need to have dialogue and engage in discussions about this issue.”
This article first appeared on NBCNews.com. Read more from NBC News here:
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https://www.nbcphiladelphia.com/news/national-international/singer-in-iran-arrested-after-performing-on-youtube-without-a-hijab/4055048/
| 2024-12-16T06:31:30Z
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The NSE Nifty 50 index, thus far, has delivered up to 13.7 per cent gain in the year 2024, in spite of periods of sharp volatility. The National Stock Exchange (NSE) benchmark index registered a new summit at 26,277 - on September 27. The year's low stood at 21,137 - hit on January 24.
Amid this, large-cap stocks too have delivered bountiful gains this calendar year. 4 out of every 5 large-cap stocks were seen holding gains for the year as of December 13; whereas, more than 2 out of 107 large-cap stocks on the NSE had surged more than 50 per cent in the same period.
New-age stock - Zomato leads the list with a gain of 133 per cent. That apart, Trent and Vedanta too have more-than-doubled in this calendar year. Other prominent gainers include stocks like - Siemens, Mahindra & Mahindra (M&M), Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharti Airtel, Indian Railway Finance Corporation (IRFC), Hindustan Zinc, Shriram Finance and Divi's Laboratories - up 50 - 96 per cent each.
Going ahead into the New Year 2025, 2 out of this year's top-performers look set for yet another robust performance on the bourses based on the existing technical chart patterns. Here's a technical outlook on 5 large-cap stocks that are likely to deliver over 20 per cent upside in the calendar year 2025.
ALSO READ: Market outlook 2025: Brokerages on opportunities, risks, investible themes Zomato Current Price: Rs 292
Upside Potential: 26.7%
Support: Rs 240
Resistance: Rs 323; Rs 350
Apart from the 133 per cent gain in the calendar year 2024, Zomato stock has witnessed a phenomenal rally of nearly 500 per cent since the start of the financial year 2024 - from levels of Rs 51 to a high of Rs 305. The long-term chart shows that the stock has been chugging around the higher-end of the Bollinger Bands for the last 21 months.
ALSO READ: MidCaps HDFC AMC, L&T Fin can rally up to 18%; show charts Similarly, on the weekly chart too Zomato has been making higher highs and higher lows since May 2023. Barring the blip in June 2024, the stock has broadly found support around its 20-WMA (Weekly Moving Average) in case of dips.
Chart shows that Zomato is expected to trade with a favourable bias as long as the stock holds above Rs 240 levels. On the upside, the stock can potentially rally to Rs 370; with interim resistance expected around Rs 323 and Rs 350 next year.
CLICK HERE FOR THE CHART Hindustan Aeronautics (HAL) Current Price: Rs 4,681
Upside Potential: 25.5%
Support: Rs 4,475; Rs 4,230; Rs 3,977
Resistance: Rs 4,970; Rs 5,400
Despite the mid-year share price correction, HAL continues to hold a strong 68 per cent gain for the calendar year 2024 at present levels. The stock was up 104 per cent at the highest point (Rs 5,669) in the year.
Amid the intra-year correction, HAL stock seems to have found support around its super trend line on the weekly scale, which stands at Rs 3,977. Going ahead, the stock is expected to trade with a favourable bias as long as this support is held; near support for the stock can be expected around Rs 4,475 and Rs 4,230 levels.
On the upside, the stock can potentially resume its uptrend, and rally to newer heights around Rs 5,875 levels. Interim resistance for the stock can be expected around Rs 4,970 and Rs 5,400 levels.
CLICK HERE FOR THE CHART Apollo Hospitals Current Price: Rs 7,210
Upside Potential: 20%
Support: Rs 6,990; Rs 6,000
Resistance: Rs 7,400; Rs 7,700; Rs 8,150
Apollo Hospitals stock is seen making higher-highs and higher-lows on the monthly scale in 2024. The stock thus far has hit a new high at Rs 7,545. In the second-half of 2024, the stock has consistently found support around its 20-WMA, which now stands at Rs 6,990.
Thus, the chart hints that the bias at the counter is likely to remain upbeat as long as Rs 6,990 is maintained on a weekly closing basis. Below which, next major support for the stock exists around Rs 6,000-mark.
ALSO READ: Dixon Tech, Ambuja, BHEL among stocks to buy on dips On the upside, the stock needs to break and trade consistently above Rs 7,400 for fresh upward momentum to resume. As such, the stock can potentially soar to Rs 8,650; with interim resistance seen at Rs 7,700 and Rs 8,150 levels.
CLICK HERE FOR THE CHART Bajaj Finance Current Price: Rs 7,220
Upside Potential: 21.2%
Support: Rs 6,450; Rs 5,500
Resistance: Rs 7,700; Rs 8,100
Bajaj Finance stock has been consolidating broadly in the range of Rs 5,300 - Rs 7,800 for the last 4 years. Chart shows that the lower-end of the range coincides with the super trend line on the monthly scale; thus showing presence of support around Rs 5,500 levels. Near support for the stock is seen at Rs 6,450.
Select key momentum oscillators are now on the verge of turning favourable for the stock. Hence, Bajaj Finance stock may witness a positive trend in the coming period. As such, the stock can potentially surge to Rs 8,750, with interim resistance likely around Rs 7,700 and its previous high of Rs 8,100 levels.
CLICK HERE FOR THE CHART Avenue Supermart (DMart) Current Price: Rs 3,635
Upside Potential: 21%
Support: Rs 3,580; Rs 3,550; Rs 3,475; Rs 3,330
Resistance: Rs 3,700; Rs 3,980; Rs 4,050
DMart can be a contra-buy call for next year, as the stock at present trades in an oversold zone, and near key long-term support levels. As per the long-term chart, the stock is trading fairly close to its super trend line support on the monthly scale, which stands at Rs 3,580. The stock till date has never broken the monthly super trend line support.
On the weekly scale, the stock is fairly oversold, with select key momentum oscillators showing some signs of possible pull-back. Chart shows, the stock may seek support around Rs 3,550, below which next significant support stands at Rs 3,475 and Rs 3,330 levels.
On the upside, the stock will need to break and trade consistently above Rs 3,700 - Rs 3,980 - Rs 4,040 resistance zone for the overall mood to turn favourable. Above which, a rally towards Rs 4,400 seems likely.
CLICK HERE FOR THE CHART
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https://www.business-standard.com/amp/markets/news/zomato-bajaj-fin-5-largecaps-that-can-gain-over-20-in-2025-time-to-buy-124121600284_1.html
| 2024-12-16T06:31:31Z
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| 2024-12-16T06:31:29Z
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In the fast-paced world of data analytics, the ability to transform vast amounts of complex data into actionable insights is becoming increasingly critical for businesses to remain competitive. Akshay Agarwal, a Lead Data Engineer at a prominent SaaS company, is at the cutting edge of this transformation. By revolutionizing data visualization techniques and creating highly efficient, user-friendly dashboards, Agarwal is empowering businesses to make informed decisions that are crucial for their growth and success.
Akshay Agarwal’s Journey in Data Engineering
With over fourteen years of experience in data engineering, Akshay Agarwal has been instrumental in transforming the data landscape of various industries. His deep expertise in cloud migration, data analytics, and Artificial Intelligence (AI) has made him a key figure in the development of innovative solutions that drive efficiency and growth. Throughout his career, Agarwal has focused on optimizing data workflows, ensuring high data quality, and staying ahead of industry trends.
Agarwal’s journey began with a strong foundation in computer science and data systems, where he quickly gained a reputation for his technical acumen and problem-solving abilities. His role at a leading SaaS company building products for restaurants and hospitality businesses has allowed him to leverage this expertise on a larger scale, designing systems that enable companies to derive real-time insights from complex datasets. His work has not only impacted the organizations he works for but has also contributed to a broader shift in how data is viewed as a strategic asset in decision-making processes.
Transforming Data Visualization for Informed Decisions
At the core of Agarwal’s recent contributions is his innovative approach to data visualization. Data visualization is more than just creating aesthetically pleasing charts and graphs; it is about transforming raw data into meaningful insights that can be easily understood and acted upon. Agarwal recognized the need for businesses to have access to real-time, accurate data presented in a way that supports strategic decision-making.
To address this, Agarwal spearheaded a project to overhaul the analytics and visualization framework at his organization. The goal was to create an analytics dashboard that not only displayed data but provided a comprehensive view of the business’s performance metrics in real-time. By doing so, businesses could react more swiftly to emerging trends, optimize operations, and make data-driven decisions that support long-term growth.
This project required a deep understanding of the specific needs of the business and its users. Agarwal worked closely with data scientists, product managers, and key stakeholders to ensure that the dashboards would meet their expectations. His approach emphasized usability and accuracy, ensuring that the data presented was both relevant and actionable. This level of customization allowed different users—from executives to operations teams—to interact with the data in ways that were meaningful to their roles, leading to better overall decision-making.
Leveraging Advanced Technologies for Data Insights
The success of Agarwal’s data visualization project was largely due to his expertise in integrating advanced technologies and tools into the company’s existing infrastructure. His proficiency with Azure Synapse Analytics, Power BI, and Python played a pivotal role in creating a robust platform that could handle the complex data processing needs of a large-scale SaaS company.
Agarwal’s work involved integrating various data sources into the dashboard, ensuring seamless data flow and real-time analytics capabilities. By employing Azure Synapse Analytics, he was able to provide users with fast and reliable access to data, enabling them to make decisions with up-to-date information. Power BI, a powerful business analytics tool, was instrumental in visualizing the data in a way that was intuitive and accessible to non-technical users.
Moreover, Agarwal’s use of Python allowed for the implementation of custom algorithms and predictive models that enhanced the functionality of the dashboards. These models were used to forecast trends, predict customer behavior, and optimize business operations. For example, by analyzing sales patterns and customer data, the system could provide recommendations on product offerings and marketing strategies, giving businesses a competitive edge.
Driving Efficiency Through Data Insights
One of the standout features of Agarwal’s work was his focus on driving efficiency through data insights. The analytics dashboards he developed were not just about presenting data—they were designed to improve operational efficiency across the organization. By providing real-time access to key performance metrics, the dashboards allowed users to identify inefficiencies, track performance, and make informed adjustments to their strategies.
For example, restaurant customers using the SaaS product experienced significant improvements in their business operations. With access to real-time data on sales performance, inventory levels, and employee productivity, restaurant owners could optimize their staffing schedules, reduce waste, and improve customer service. Some customers reported a 15% increase in sales and a 25% improvement in forecasting worker shifts, highlighting the tangible impact of Agarwal’s work on the bottom line.
In addition to improving operational efficiency, the dashboards also enhanced the overall user experience. Agarwal’s attention to detail in the design and functionality of the dashboards ensured that they were easy to use, even for individuals with limited technical expertise. This user-centric approach was key to the widespread adoption of the dashboards across the organization, further amplifying their impact on business outcomes.
The Economic Impact of Data-Driven Innovation
The innovations spearheaded by Akshay Agarwal have not only benefited individual businesses but have also contributed to broader economic growth. By helping businesses optimize their operations and make data-driven decisions, Agarwal’s work is driving increased revenue and productivity across the restaurant and hospitality industry.
The success of these businesses has a ripple effect on the economy, contributing to job creation, increased consumer spending, and overall economic growth. In fact, some customers have seen such significant improvements in their operations that they have been able to expand their businesses, hire more staff, and invest in new technologies. This, in turn, drives further innovation and growth within the industry.
The broader economic benefits of data-driven innovation cannot be understated. As more businesses adopt advanced analytics and data visualization tools, they will be better positioned to compete in an increasingly digital marketplace. Agarwal’s work is a prime example of how data engineering can be leveraged to create value not just for individual companies, but for entire industries.
Looking Ahead: The Future of Data Visualization
As businesses continue to evolve in an increasingly data-driven world, the importance of innovative data visualization will only grow. Akshay Agarwal’s work serves as a model for how organizations can harness the power of data to drive growth, improve efficiency, and make informed decisions.
Looking ahead, Agarwal is committed to staying at the forefront of data engineering and visualization trends. His future projects will likely focus on further integrating AI and machine learning into data workflows, enabling even more sophisticated predictive analytics and automation capabilities. By continuing to push the boundaries of what’s possible in data engineering, Agarwal will undoubtedly continue to drive meaningful change and inspire progress in the field.
About Akshay Agarwal
Akshay Agarwal is a seasoned Lead Data Engineer with over fourteen years of experience in designing, developing, and implementing cutting-edge data solutions. His expertise spans cloud migration, data analytics, and Artificial Intelligence, with a focus on optimizing data workflows and ensuring high data quality. Agarwal is dedicated to advancing business data-driven decision-making through innovative approaches and staying abreast of the latest industry trends. His commitment to excellence in data engineering continues to drive meaningful change and inspire progress in the field.
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https://techbullion.com/transforming-business-insights-through-innovative-data-visualization-a-lead-data-engineers-journey/
| 2024-12-16T06:31:34Z
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On numerous occasions, Nigerians—including some politicians—have drawn comparisons between the cost of living in Nigeria and that in developed economies such as the United Kingdom and the United States. They often argue that Nigeria’s cost of living is comparatively lower. Yet, these same individuals are quick to reject comparisons between Nigeria’s economic indicators, such as exports or GDP, and those of developed nations, claiming, “You cannot compare Nigeria with China.” This raises an important question: Is it truly appropriate to compare Nigeria with developed economies?
“Corruption, nepotism, and the concentration of power among a small elite have stifled Nigeria’s potential.”
To answer this question objectively, we must delve into the historical evolution of societies and the factors that shaped their trajectories. Historical analogies from the books, “Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu and James A. Robinson, and How Europe Underdeveloped Africa” by Walter Rodney provide critical insights. Both books explore how institutions, events, and choices have defined societal progress and disparities.
Understanding the evolution of societies
At its inception, every society operated under extractive institutions, where the elite amassed wealth at the expense of the majority. Over time, some societies gradually transitioned to inclusive systems, providing equal access to political and economic opportunities. This shift has been pivotal in determining the developmental trajectories of nations.
Acemoglu and Robinson emphasise the role of “critical junctures,” transformative events that disrupt the existing balance of power and set societies on new paths. These junctures can lead to either progress or regression.
For instance, the Black Death of 1346 decimated Europe’s population, creating a labour scarcity that disrupted the feudal order. In response, Western Europe evolved towards inclusive institutions, laying the foundation for sustained development. Conversely, Eastern Europe became more extractive, perpetuating inequality.
The feudal system, which dominated Europe in the Middle Ages, exemplifies the extractive nature of early institutions. In this hierarchical system, kings owned all land, distributing it to lords in exchange for military services. Lords, in turn, granted land to peasants, or serfs, who were bound to the land and required to provide unpaid labour and pay taxes. This system concentrated wealth and power among the elite, maintaining rigid social inequalities.
Africa in historical context
Walter Rodney’s How Europe Underdeveloped Africa challenges the notion that Africa was inherently underdeveloped. He argues that, as of the fifteenth century, African societies were on par with European institutions in terms of development. Historical accounts of the Kingdom of Benin, for example, describe a highly organised and sophisticated society.
Rodney draws attention to the Kingdom of Benin as a testament to Africa’s pre-colonial advancement. Dutch explorers who visited the kingdom in the fifteenth century described its grandeur in terms that rivalled the most developed cities of Europe at the time. They remarked:
“The town seems to be very great. When you enter it, you go into a great broad street, not paved, which seems to be seven or eight times broader than the Warmoes street in Amsterdam… The king’s palace is a collection of buildings that occupy as much space as the town of Harlem and that are enclosed with walls. There are numerous apartments for the Prince’s ministers and fine galleries, most of which are as big as those on the Exchange at Amsterdam. They are supported by wooden pillars encased with copper, where their victories are depicted, and which are carefully kept very clean.”
The Dutch also admired the cleanliness of the streets and homes, noting:
“The town is composed of thirty main streets, very straight and 120 feet wide, apart from an infinity of small intersecting streets. The houses are close to one another and arranged in good order. These people are in no way inferior to the Dutch as regards cleanliness; they wash and scrub their houses so well that they are polished and shining like a looking glass.”
Despite these similarities, the trajectories of Europe and Africa diverged drastically over the centuries. While European societies transitioned to inclusive institutions, African societies became increasingly extractive, influenced in part by the transatlantic slave trade and colonialism.
Acemoglu and Robinson highlight how African leaders, rather than resisting these influences, often colluded with colonial powers, prioritising short-term gains over long-term development. This extractive legacy persisted even after independence, as post-colonial African leaders perpetuated systems that enriched the elite at the expense of the majority.
Missed opportunities by the Kingdom of Kongo: A reflection of many African nations
The experience of the Kingdom of Kongo provides a stark illustration of missed opportunities. When Portuguese explorers introduced technologies such as the wheel and the plough in the late fifteenth century for farming, Kongolese leaders largely ignored these innovations. Instead, they embraced firearms (guns), using them to capture and export slaves in response to market incentives. This choice underscores how extractive institutions prioritise immediate benefits over investments in transformative technologies.
Acemoglu and Robinson argue that such decisions reflect the broader dynamics of extractive systems. Inclusive institutions, by contrast, encourage technological adoption and innovation, fostering sustained economic growth. This divergence helps explain why societies that started at similar levels of development have followed vastly different paths.
Read also: Businesses, innovations and a dwindling economy
The Nigerian experience
Nigeria’s history mirrors many of these themes. During the colonial era, extractive institutions prioritised resource exploitation over human development. Independence did not bring the significant change that many had envisaged; instead, successive Nigerian leaders continued the extractive practices of their colonial predecessors.
Corruption, nepotism, and the concentration of power among a small elite have stifled Nigeria’s potential.
Despite its abundant natural resources and a population brimming with entrepreneurial energy, Nigeria’s economic performance has lagged behind.
Comparisons with countries like China, which faced similar challenges but embraced inclusive institutions and strategic investments, highlight the consequences of Nigeria’s choices.
China’s post-1978 reforms prioritised education, infrastructure, and industrialisation, creating a foundation for sustained growth. In contrast, Nigeria’s overreliance on oil for its major foreign earnings and slowing rate of diversification of its economy have left it susceptible to global shocks and entrenched inequality.
Should Nigeria be compared with developed economies?
Returning to the initial question, comparisons between Nigeria and developed economies can be both illuminating and misleading. On the one hand, such comparisons highlight Nigeria’s potential and the opportunities it has squandered.
For instance, in 1960, an average Nigerian was 1.04 times richer than an average Chinese, and 63 years later, the fortune has been reversed, and a Chinese man is now 8 times richer than a Nigerian despite a lower population. The same goes for the Singaporean; an average man there was 4.58 times richer than a Nigerian in 1960, and in 2023, he is now 52.27 times richer than an average Nigerian.
This analysis underscores the importance of inclusive institutions in driving development. On the other hand, these comparisons can obscure the structural challenges Nigeria faces, rooted in its historical and institutional context.
A more productive approach is to focus on lessons that Nigeria can learn from the experiences of developed economies. For instance, the United Kingdom’s transition from feudalism to inclusive institutions was driven by grassroots movements, institutional reforms, and investments in public goods.
Similarly, the United States’ post-independence economic policies prioritised education and infrastructure, laying the groundwork for innovation that produced inventors like Thomas Edison and Henry Ford. These examples demonstrate that transformative change is possible when leaders prioritise the collective good over personal enrichment.
Moving forward
To chart a new course, Nigeria must address the root causes of its slow development. This requires dismantling extractive institutions and building inclusive systems that empower all citizens. Key priorities include:
Investing in education and healthcare: Human capital is the foundation of economic growth. By prioritising education and healthcare, Nigeria can unlock the potential of its population and reduce inequality.
Diversifying the economy: Slow diversification from oil has made Nigeria vulnerable to price fluctuations. Rapid diversification into agriculture, manufacturing, and technology can create jobs and drive sustainable growth.
Strengthening governance: Transparent and accountable institutions are essential for fostering trust and encouraging investment. Anti-corruption measures and judicial reforms must be central to Nigeria’s development strategy.
Encouraging innovation: Policies that support entrepreneurship and technological adoption can spur economic transformation. Nigeria’s burgeoning tech sector is a promising example of what is possible with the right support.
Comparing Nigeria with developed economies is not inherently right or wrong; it depends on the context and purpose of the comparison. Such analyses can reveal both Nigeria’s potential and its shortcomings, providing valuable insights into the factors that drive development. Ultimately, the goal should not be to mimic other countries but to learn from their experiences and adapt those lessons to Nigeria’s unique context.
By embracing inclusive institutions and prioritising long-term investments in its people and infrastructure, Nigeria can break free from its extractive past and chart a path towards prosperity. The question is not whether comparisons are appropriate but whether Nigeria is willing to make the hard choices necessary to realise its potential.
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https://businessday.ng/analysis/article/is-comparing-nigeria-to-developed-economies-justified/
| 2024-12-16T06:31:34Z
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Rights groups have accused France's TotalEnergies and Chinese oil company CNOOC of human rights violations and environmental damage linked to a €10 billion oil project in Uganda and Tanzania.
The project includes drilling for oil in Lake Albert in northwestern Uganda and constructing a 1,443-kilometre heated pipeline to transport crude oil to the Tanzanian port of Tanga.
The East African Crude Oil Pipeline (EACOP), championed by Uganda's President Yoweri Museveni, has faced years of opposition from environmentalists who warn it threatens fragile ecosystems and local communities.
A report released Thursday by the International Federation for Human Rights (FIDH), Civic Response on Environment and Development, and Lawyers Without Borders alleges "disproportionate security measures, repression, land rights violations, forced evictions and corruption" during the project.
It accuses Ugandan troops of beating and harassing fishing communities near the oil sites, with cases of sexual and gender-based violence reportedly committed by soldiers and company personnel.
The most serious abuses occurred around the Kingfisher oil fields, where the report described a "high level of fear".
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Accept Manage my choices "There has been an acceleration in construction at the oil sites over the last two years, bringing a new wave of human rights abuses," Sacha Feierabend, a senior researcher with FIDH, told RFI.
The report also highlights violations of workers' rights and specific challenges faced by women in affected communities.
"There is intensifying repression of human rights defenders, climate and environmental activists, who are trying to make their voices heard regarding this project," Feierabend added.
Since May, at least 96 activists have been arrested, with additional reports of break-ins, beatings, unlawful detentions and torture.
NGOs seek climate trial of French oil giant TotalEnergies
Environmental groups sue TotalEnergies over 'devastating' East Africa oil pipeline
'Violation of international law'
The report claims some 12,000 families around the pipeline have been displaced, as have hundreds of households around Lake Albert.
The most serious case dates back to May 2020 during the Covid pandemic when 769 people from the villages of Kiina and Kyabasambu "were driven out at gunpoint and never returned".
The NGOs condemned the evictions and said that without prior notice or compensation they constituted a "violation of international and constitutional law".
There are also fears of inflation due to land speculation, as well as concerns over working conditions on the sites, where at least two people have died in labour-related incidents.
Those who still live in the immediate vicinity of the oil sites also complain "regularly of dust, noise, light pollution and vibrations".
Oil spills are "a serious threat to the environment and public health", the report said, while "the catchment areas of the two lakes [Albert and Victortia] are vital to tens of thousands of people across East Africa".
'Smear campaign'
Ugandan government spokesman Chris Baryomunsi dismissed the report as "ridiculous and unfounded," describing it as a "smear campaign" against the project.
Baryomunsi urged anyone with evidence of human rights abuses to report it to the authorities.
TotalEnergies also rejected the claims, stating it "strongly disagrees" with the allegations.
"In Uganda, as elsewhere, TotalEnergies is transparent about its human rights commitments and their implementation," the company said.
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https://allafrica.com/stories/202412160035.html
| 2024-12-16T06:31:35Z
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Dixon Technologies share price hit a record high on Monday after the company announced to form a joint venture with Vivo India to undertake OEM business of electronic devices, including smartphones. Dixon Technologies shares gained as much as 4.8% to a record high of ₹18,819 apiece on the BSE.
Dixon and vivo India announced the execution of a binding term sheet on December 15, 2024 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of electronic devices including smartphones.
Dixon will hold 51% of the share capital and vivo India will hold 49% of the share capital in the proposed joint venture entity.
Neither Dixon nor vivo India will have any stake in each other. The facility will undertake part of vivo’s OEM orders of smartphones in India, and can also engage in OEM business of various electronic products of other brands, Dixon Technologies (India) said in a regulatory filing.
The parties will agree on an optimum structure and the relevant terms and conditions to be set out in the definitive agreements, it added.
“This partnership further strengthens our strong foothold in the android smartphone ecosystem in India. There is immense potential to further build on shared capabilities together in times to come, to deliver sustainable growth for the proposed venture," said Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies.
Dixon Technologies (India) is a home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
Dixon Technologies Share Price Trend
Dixon Technologies stock price has given decent returns of over 26.5% in one month and over 66% in six months. The shares have delivered multibagger returns of nearly 190% year-to-date (YTD), and more than 2,500% in the past five years.
At 11:30 AM, Dixon Technologies shares were trading 4.24% higher at ₹18,720.00 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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https://www.livemint.com/market/stock-market-news/dixon-technologies-share-price-jumps-over-4-to-a-record-high-on-joint-venture-pact-with-vivo-india/amp-11734328521798.html
| 2024-12-16T06:31:35Z
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Trending:
Abbe Sar Main Kuch Hai...: Rohit Sharma Loses Cool At Indian Bowler After Delivery Lands Outside Pitch - Watch
Indian captain Rohit Sharma appeared to lose his cool at the pacer during the third day of play in the Gabba Test after a wide delivery which landed outside the pitch area. Australia posted a huge total of 445 on the board in the first inning after Rohit won the toss and chose to bowl.
Rohit Sharma lost his cool at the Indian pacer |Courtesy - screengrab (Star Sports)
KEY HIGHLIGHTS
- Rohit Sharma's stump-mic clip went viral
- The series is level 1-1
- Travis Head and Steve Smith scored centuries
India's frustrating bowling performance continued on the third day of play in the Gabba Test as Australia added 40 runs to their overnight score before India took the remaining three wickets while the hosts posted a first innings total of 445 runs following Rohit Sharma's decision to bowl first after winning the toss.
The Indian captain's frustration at the display was evident as apart from Jasprit Bumrah, the bowlers struggled to get wickets while Travis Head and Steve Smith scored tons. During the 114th over of the innings, Rohit appeared to lose his cool at Akash Deep following a wide delivery from the 28-year-old, which landed outside the pitch and required Rishabh Pant to put in a full stretch dive to stop going to the boundary.
'Sarr Main Kuch Hai? (Is there anything in your head)," said Rohit in a viral video captured by the stump-mic.
Watch video
Akash is playing his first Test match outside India after replacing Harshit Rana in the playing XI. The right-arm pacer bowled a threatening spell but lacked the rub of the green. His only wicket of the innings was the last Australian dismissal as he got the wicket of Alex Carey following a knock of 70 from the wicketkeeper batter. Akash finished with figures of 1-95 in 29.5 overs.
In reply, the Indian batting unit collapsed as Mitchell Starc dismissed Yashasvi Jaiswal on the second ball of the innings before getting the wicket of Shubman Gill in his second over.
Virat Kohli's horror run of form with the bat continued after he was dismissed by Josh Hazlewood for three runs. Rishabh Pant failed to have an impact and made just 9 runs before falling prey to Pat Cummins.
The third day of play has seen multiple stoppages due to rain, with the weather forecast for the rest of the match also making for grim reading.
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Cricket, Sports and around the world.
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A sports fanatic living his passion, Aayush Kataria has been working on the Sports Desk at Times Now Digital for more than two years as a senior copy ...View More
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https://www.timesnownews.com/sports/cricket/abbe-sar-main-kuch-hai-rohit-sharma-loses-cool-at-akash-deep-after-delivery-lands-outside-pitch-watch-article-116354184
| 2024-12-16T06:31:35Z
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Aadi Bioscience, Inc. (NASDAQ:AADI – Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 224,000 shares, a decline of 12.7% from the November 15th total of 256,500 shares. Based on an average daily trading volume, of 125,300 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the company’s shares are sold short.
Institutional Trading of Aadi Bioscience
Institutional investors have recently added to or reduced their stakes in the business. BML Capital Management LLC bought a new stake in shares of Aadi Bioscience in the 3rd quarter worth approximately $4,120,000. Acuitas Investments LLC lifted its stake in Aadi Bioscience by 10.8% in the second quarter. Acuitas Investments LLC now owns 352,483 shares of the company’s stock valued at $515,000 after buying an additional 34,344 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aadi Bioscience during the second quarter valued at $37,000. Finally, XTX Topco Ltd bought a new position in shares of Aadi Bioscience during the third quarter worth about $32,000. Institutional investors own 52.08% of the company’s stock.
Aadi Bioscience Stock Performance
AADI stock opened at $2.41 on Monday. The firm has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $1.83. The company has a market capitalization of $59.40 million, a P/E ratio of -1.06 and a beta of 0.73. Aadi Bioscience has a twelve month low of $1.21 and a twelve month high of $5.49.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AADI. Jefferies Financial Group downgraded Aadi Bioscience from a “buy” rating to a “hold” rating and lowered their price target for the company from $11.00 to $1.50 in a report on Wednesday, August 21st. Piper Sandler lowered Aadi Bioscience from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $5.00 to $1.75 in a research note on Tuesday, August 27th. HC Wainwright restated a “neutral” rating on shares of Aadi Bioscience in a report on Wednesday, August 21st. TD Cowen downgraded shares of Aadi Bioscience from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Piper Sandler Companies cut shares of Aadi Bioscience from an “overweight” rating to a “neutral” rating and set a $1.75 target price on the stock. in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1.67.
Read Our Latest Stock Analysis on AADI
Aadi Bioscience Company Profile
Aadi Bioscience, Inc, a biopharmaceutical company, engages in developing and commercializing precision therapies for genetically defined cancers with alterations in mTOR pathway genes. Its lead drug product candidate comprises FYARRO, a form of sirolimus protein-bound particles for injectable suspension for the treatment in adult patients with advanced unresectable or metastatic malignant PEComa.
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https://www.tickerreport.com/banking-finance/12746775/aadi-bioscience-inc-nasdaqaadi-short-interest-down-12-7-in-november.html
| 2024-12-16T06:31:35Z
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- The European Central Bank struck a dovish tone last week, backed up by comments from arch-hawk Robert Holzmann on Friday.
- Money markets are continuing to price in a fall in the key ECB rate to 1.75% by September next year, with a hold beyond that.
- Questions remain over what the central bank considers its "neutral rate" and whether it could go below that to support economic growth.
The European Central Bank delivered an expected quarter-point interest rate cut this week — and alongside the announcement came several indications that rates will swiftly move even lower early next year.
ECB President Christine Lagarde did note during her Thursday press conference that policymakers gathered in Frankfurt did not believe the fight against inflation is fully over, with services inflation still a concern.
However, on the whole, it was the most dovish meeting of the current cycle, not least because the ECB's fresh macroeconomic projections forecasted lower rates of inflation and economic growth both this year and next.
Economists also jumped on the removal of the ECB's message that the central bank must "keep policy rates sufficiently restrictive for as long as necessary." Lagarde stressed that there were downside risks to the already-weak euro zone growth outlook, but said the inflation picture had significantly improved and included upside risks. She also said that a larger, half-point cut had been debated, and that Governing Council (GC) members unanimously voted to reduce rates.
The new ECB staff forecast, meanwhile, put average headline inflation just above target at 2.1% in 2025, with stronger price rises expected at the start of the year suggesting it could fall below target later in the year.
Money Report
The dovish shift was emphasized Friday when Austrian central bank chief Robert Holzmann — widely perceived as the ECB's arch-hawk and the only Governing Council member to vote for a rate hold rather than a cut in June — told reporters there would be no danger in cutting rates next year if the economy progresses as expected, according to Reuters.
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Where is neutral?
Holzmann also said markets had a "similar assessment to the central bank's" that interest rates will fall toward a neutral level — when monetary policy is balanced between boosting and restricting growth — of around 2% next year.
The ECB cut the deposit facility — its key rate — to 3% on Thursday.
What constitutes the neutral rate has been a key point of debate in recent months, and Lagarde said Thursday that while it had not been discussed at the December meeting, staff saw it between 1.75% and 2.5%.
A further question for market participants is whether the ECB will take rates below this neutral level if inflation cools even further and the growth outlook deteriorates, as has been floated by France's central bank governor, Francois Villeroy de Galhau.
This week's messaging has broadly confirmed existing market bets on the ECB's rate-cut plan for 2025.
According to LSEG data, money markets are continuing to price in a fall in the key ECB rate to 1.75% by September next year, with a hold beyond that.
But some analysts said there was now support for rate cuts going beyond that.
Deutsche Bank economists said in a Friday note that the ECB was on course for sub-neutral rates in 2025, given the trend for weak growth and below-target inflation.
They added that their baseline outlook was for a 1.5% rate at the end of 2025 via quarter-point cuts, but that a half-point move remained possible.
Dean Turner, chief euro zone and U.K. economist at UBS Global Wealth Management, stopped his forecast at a rate of 2% in June, but said risks were now "tilted towards the ECB having to do more, not less, to support the economy in 2025" — likely to mean further cuts later in the year rather than larger moves earlier on.
However, Kamil Kovar, senior economist at Moody's Analytics, argued in a note that stubborn core inflation would continue to spur ECB caution next year.
"We think that after March, the battle over how far to lower rates will start in earnest. We have no cut in April and the last cut in June, leaving rates at 2.25%," Kovar said.
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https://www.nbcchicago.com/news/business/money-report/heres-what-we-now-know-about-the-european-central-banks-rate-cut-plans/3625061/
| 2024-12-16T06:31:34Z
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iShares MSCI ACWI ETF (NASDAQ:ACWI – Get Free Report) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 8,230,000 shares, a decline of 11.8% from the November 15th total of 9,330,000 shares. Based on an average daily volume of 2,018,700 shares, the short-interest ratio is presently 4.1 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new stake in shares of iShares MSCI ACWI ETF in the 2nd quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares MSCI ACWI ETF during the 2nd quarter valued at $39,000. MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter worth $67,000. TD Private Client Wealth LLC increased its holdings in iShares MSCI ACWI ETF by 81.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 791 shares of the company’s stock worth $95,000 after acquiring an additional 355 shares during the last quarter. Finally, Quent Capital LLC raised its stake in iShares MSCI ACWI ETF by 19.9% in the 3rd quarter. Quent Capital LLC now owns 836 shares of the company’s stock valued at $100,000 after acquiring an additional 139 shares during the period. 61.52% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI ACWI ETF Stock Performance
Shares of NASDAQ:ACWI opened at $122.06 on Monday. iShares MSCI ACWI ETF has a fifty-two week low of $99.26 and a fifty-two week high of $123.58. The company’s 50-day moving average is $120.33 and its 200 day moving average is $116.31. The company has a market capitalization of $19.80 billion, a P/E ratio of 19.74 and a beta of 0.93.
iShares MSCI ACWI ETF Company Profile
The iShares MSCI ACWI ETF (ACWI) is an exchange-traded fund that is based on the MSCI AC World index. The fund tracks a market cap-weighted index of large- and mid-cap global stocks, covering 85% of the developed and emerging markets capitalization. ACWI was launched on Mar 26, 2008 and is managed by BlackRock.
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https://www.tickerreport.com/banking-finance/12746776/ishares-msci-acwi-etf-nasdaqacwi-sees-significant-drop-in-short-interest.html
| 2024-12-16T06:31:36Z
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PICS: FootGolf in Bellefontaine
The new sport of FootGolf was played in Bellefontaine near Paris.
The new sport of FootGolf was played in Bellefontaine near Paris.
Former France national soccer team player Jean-Pierre Papin kicks the ball as he participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former France's Rugby player Christophe Dominici (L) participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
President of the French Association FootGolf Romuald Pretot (L) participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Players walk on the green as they participate in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former Brazilian soccer player Valdo kicks the ball as he attends the presentation of FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that had its beginnings in the Netherlands and is played at golf courses. The goal is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former France national soccer team player Jean-Pierre Papin (R), former soccer player Vincent Guerin (L) and former Brazilian soccer player Valdo (2ndL) participate in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former France national soccer team player Jean-Pierre Papin participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former France national soccer team player Jean-Pierre Papin kicks the ball on the green as he participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Former France national soccer team player Jean-Pierre Papin (C) and former soccer player Vincent Guerin (R) pose on the green as they participate in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
Golf player Jose Filipe Lima of Portugal stands on the green as he participates in the presentation of the FootGolf in Bellefontaine near Paris October 4, 2013. FootGolf is a new sport that started in the Netherlands and is played on golf courses. The aim is to kick the ball into a 52 centimeter (20 inch) wide hole with the least amount of kicks possible. (Photo: Reuters)
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https://www.indiatimes.com/sports/more-sports/pics-footgolf-in-bellefontaine-105129.html
| 2024-12-16T06:31:35Z
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Specifications for the 2015 Porsche 911 Carrera 4. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2015-porsche-911-carrera-4-991-my15-petrol-2d-coupe-CdaKvfg53q
| 2024-12-16T06:31:34Z
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Al Pacino and Noor Alfallah step out for movie night in California after confirming split
Al Pacino and Noor Alfallah attended an American Cinematheque members-only screening of the Godfather star's 1973 film Serpico in Santa Monica, California.
Al Pacino and Noor Alfallah reportedly stepped out for a movie night after the actor confirmed that the two of them were not dating. The pair were pictured attending an American Cinematheque members-only screening of Pacino’s 1973 film Serpico in Santa Monica, California, on Saturday, December 12.
Alfallah, 31, donned a puffer jacket and pants, walking behind Pacino, 84, while being escorted into the theatre by security, Page Six reported. The Godfather star was seen wearing a black beanie and jacket.
Alfallah shared a snap of the crime drama movie to her Instagram Story, writing “Roman’s dad” over a shot of a younger Pacino seen on the big screen.
‘Very good friends’ Al Pacino and Noor Alfallah ‘are co-parents’ to their little son Roman
Pacino and Alfallah were first romantically linked in April 2022, and it was reported that the two secretly began dating during the Coronavirus pandemic. Alfallah had her first child, Roman, with Pacino last year.
Rumours of a split between the two surfaced when Alfallah was spotted leaving the ritzy Chateau Marmont in Los Angeles with Bill Maher. Shortly after, Pacino’s rep told People that the actor was single, although he still spent a lot of time with Alfallah. “Al and Noor are very good friends, have been for years, and are co-parents to their son Roman,” the rep said at the time.
Alfallah later told TMZ that she and Pacino were not together anymore, but that he is her "best friend.” She too confirmed that they are co-parenting Roman together.
In an interview with TMZ, Alfallah previously said she is “not the marrying type.” In October, Pacino told BBC News that although he and Alfallah are not together, Roman “does text [him] from time to time” since Alfallah has full physical custody. The two of them share joint legal custody of the child.
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https://www.hindustantimes.com/entertainment/hollywood/al-pacino-and-noor-alfallah-step-out-for-movie-night-in-california-after-confirming-split-101734324571413.html
| 2024-12-16T06:31:36Z
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Week 15's Sunday Night Football ended in a comfortable one-sided affair.
The Green Bay Packers went on the road and conquered the Seattle Seahawks 30-13 in a game the latter really never founded their footing in.
Jordan Love and Josh Jacobs found their rhythm early and didn't let up, while Geno Smith struggled before leaving the action early with a knee injury, being replaced by Sam Howell.
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Seattle made it 23-13 in the fourth quarter and increased the pressure slightly on Love and Co., but a Howell interception eventually sealed the deal.
The result moved Green Bay to 10-4 while Seattle dropped to 8-6 in a tight NFC West race. Let's analyze the prime time game further with three takeaways:
Jordan Love and Josh Jacobs shine
The Packers were led to victory by their two best offensive talents. Love stepped up with a clean game, throwing for 229 yards on 20 of 27 completions for two touchdowns and no picks while not taking a sack.
Jacobs carried the rock 26 times for 94 yards and a touchdown, continuing his excellent first campaign with Green Bay.
Romeo Doubs caught both of Love's touchdowns, including a ridiculous low snag that iced the game late in the fourth.
“HOW DID DOUBS CATCH THAT?!” 😱
— Sunday Night Football on NBC (@SNFonNBC) December 16, 2024
An INSANE grab in the back of the end zone.
📺 NBC & Peacock pic.twitter.com/PoalStVKPR
Seattle won't go far with Geno Smith
The Seahawks are in position to make the playoffs, whether that's as the NFC West winners or through the wild card. But they're still not that much different with Mike Macdonald as head coach, especially with Geno Smith under center.
Prior to the knee injury, Smith completed 15 of 19 passes for 149 yards, no touchdowns and one pick while being sacked three times. Seattle did give Smith an extension after his play made them relevant in playoff conversations, but he's still not the team's long-term signal caller and a short playoff run, if at all with three weeks to go, is likely.
Young Packers shine on defense
The Packers have become known for deploying several top young prospects on offense, but don't forget about their underrated defense, too.
Leading the way in the win was 23-year-old linebacker Edgerrin Cooper and 24-year-old defensive end Kingsley Enagbare. Cooper led the team with seven total tackles (six solo), one sack, two tackles for loss, two QB hits and two passes defended, on top of a 22-yard interception return on Howell.
Enagbare had five solo tackles (second most for Green Bay) that included three tackles for loss, two sacks and two QB hits. The Packers indicated last season they're built for a deep playoff push. With young talents like this on both sides of the ball, they should be in the mix again.
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https://www.nbcphiladelphia.com/news/sports/nfl/packers-seahawks-score-sunday-night-football/4054978/
| 2024-12-16T06:31:37Z
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Apple is reportedly planning a significant overhaul of its device lineup in the coming years. According to a Bloomberg report, the company aims to launch multiple foldable devices in the near future. Some redesigned devices may even be unveiled in the coming months, including a new AirTag model, a more ergonomic Magic Mouse, and a sleek iPhone Air with a refined form factor.
Here are the anticipated Apple devices expected to bring major changes:
Foldable iPad
According to the Bloomberg report, Apple is developing a foldable device roughly the size of "two iPad Pros side-by-side." The anticipated foldable iPad is likely to feature a flexible display approaching 20 inches in size. Currently a prototype, the device’s display reportedly has a “nearly invisible crease,” which is said to be a primary goal in its development.
While expected to run a version of iPadOS, the device may also support some macOS apps. This hybrid nature is likely to allow compatibility with iPad accessories, such as the Apple Pencil. The foldable iPad is expected to debut in 2028.
Foldable iPhone
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The Bloomberg report also reveals that Apple is working on a foldable iPhone model, which could be launched in 2026. A similar timeline is noted by The Wall Street Journal, which states that the foldable iPhone could feature a display larger than the current iPhone 16 Pro Max when unfolded.
Earlier reports suggested Apple was prototyping a foldable iPhone with a flexible display on the exterior of the device. However, the company is now favouring an inward-folding display, similar to offerings from other manufacturers.
iPhone 17 Air
Apple is expected to discontinue the iPhone Plus model next year in favour of a new, sleeker iPhone “Air” model. The iPhone 17 Air is anticipated to measure between 5mm and 6mm in thickness. To achieve this compact design, Apple may need to make compromises, such as a smaller battery, a single speaker, and a single rear camera. The physical SIM slot may also be removed for a sleeker design.
While it was initially expected that the iPhone 17 Air would be priced higher than the premium Pro models, The Wall Street Journal reports it will be priced lower than both Pro models.
Apple Watch Ultra 3
According to Bloomberg, the third-generation Apple Watch Ultra model will reportedly feature the same satellite capability currently available on the iPhone. This feature will enable users to reach emergency services and their iMessage contacts via the Globalstar satellite network.
In addition, Apple is expected to introduce a hypertension detection feature in next year’s Apple Watch models. Although users will not be able to monitor specific readings, the feature will notify them if it detects a state of hypertension.
AirTag
Apple is reportedly planning to release a new AirTag model next year. The updated model is expected to include a new ultrawide-band chip, which could significantly increase the detection range. The Bloomberg report suggests that the new AirTag could triple the range compared to the current model, which can be located with Precision Finding from 10 to 30 metres away.
Magic Mouse
Apple is reportedly planning to launch a new Magic Mouse accessory in 2025 or early 2026, addressing a long-standing user complaint. According to Bloomberg, the prototype of the new Magic Mouse has a modern design and resolves several issues, including the charging port problem. For context, the current Magic Mouse model has its USB-C charging port on the bottom, making it impossible to use while charging.
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https://www.business-standard.com/amp/technology/tech-news/apple-to-revamp-product-lines-with-sleek-iphone-foldable-ipad-and-more-124121600306_1.html
| 2024-12-16T06:31:37Z
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https://ponasa.condesan-ecoandes.org/sonographer-resumes-rocket-resume/
| 2024-12-16T06:31:37Z
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Trending:
'Dear Virat, Time Has Come...': Open Letter To Kohli From 'Disappointed Fan' Goes Viral After GABBA Failure
Virat Kohli had another poor outing in the Border-Gavaskar series as he was dismissed for just one run in the third Test at the GABBA. After yet another failure, an open letter to Kohli from a fan went viral on social media.
'Dear Virat, Time Has Come...': Open Letter To Kohli From 'Disappointed Fan' Goes Viral After GABBA Failure (Source: AP)
When Virat Kohli scored a century in Perth, the Indian cricket fraternity was overjoyed. They felt Kohli might have finally found his mojo back. He had a great record in Australia and got the perfect start to the series, however, the joy was short-lived for the fans as the veteran failed miserably in the Adelaide Test. Things didn't change in the third Test at GABBA as he was dismissed for just a solitary run in the first innings. What hurts the Indian fans most is the way Kohli has got out throughout the series - fetching a ball outside off. It's a known weakness for Kohli but to get out the same way every time and not being able to work on it is really saddening for the fans.
Following a horrible outing at GABBA, an Indian fan's open letter to Virat Kohli went viral on social media.
"Dear Virat, no I am not clubbing you with Rohit or any other player. You are always competing with only yourself. Such are the high standards, you set for yourself, the last few years have been extremely difficult as your fan. It's not about the low score, it's about the approach and mode of dismissals, again and again. I feel you really need to think about the huge legacy you have created and how long you want to save it from damaging it further. I am not a big stat fan, but can't see your average fall below 47, it's already very low. I am sure, you won't overstay. But, time has come to introspect at least in Tests," he wrote.
Meanwhile, India find themselves in big trouble in the third Test. Australia posted a huge score of 445 in the first innings before leaving India reeling at 48-4. Australia can't lose the game from this position and it's up to India to save the Test now. There is rain predicted for the remainder of the Test and the entire Indian cricket fraternity will be looking up to rain gods to lend some help to India in saving the Test.
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Cricket, Sports and around the world.
Trending:
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Faham Uddin works as a special correspondent of the sports desk. Faham has an overall experience of more than six years and served as the chief sub-ed...View More
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https://www.timesnownews.com/sports/cricket/dear-virat-time-has-come-open-letter-to-kohli-from-disappointed-fan-goes-viral-after-gabba-failure-article-116354295
| 2024-12-16T06:31:41Z
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Stock Market Today: HBL Power Systems, a leading player in the battery and power systems sector, saw its shares surge by 6.5% in intraday trade on Monday, December 16 to a fresh all-time high of ₹739.65 per share following a significant order win.
On Saturday, the company informed investors through an exchange filing that it had secured an order worth ₹1,522.40 crore from Chittaranjan Locomotive Works.
The order is for the supply, installation, and commissioning of the on-board Train Collision Avoidance System (TCAS) (KAVACH) equipment in locomotives.
KAVACH, also known as the Train Collision Avoidance System (TCAS) or Automatic Train Protection System (IRATPS), is an advanced safety solution designed to prevent train collisions and enhance operational safety.
The company is engaged in the design, development, and manufacturing of specialised batteries and electronic solutions. The company is also engaged in service activities related to its products. It operates its business under three primary verticals: battery, electronics, and defence.
It is the world’s second-largest nickel-cadmium battery manufacturer, India's third-largest telecom battery manufacturer, and the only Indian company with pure lead battery technology, as per the company's website.
The company's flagship products in the electronics business vertical include the TCAS, which enhances safety, and the Train Management System (TMS), designed to optimise track utilisation.
With the Government of India's thrust now on modernising railways with large infrastructure spending and rail safety, the company is in a strong position to benefit from this move. The government has prioritised transforming Indian Railways into a world-class entity.
For the year 2024-25, a record capital expenditure (Capex) of ₹2,62,200 crore has been allocated to the Railways.
Over the past 12 months, the company shares have skyrocketed from ₹360 per share to the current trading price of ₹708 per share, translating to a remarkable gain of 97%. Long-term investors have witnessed even more impressive returns, with the stock delivering a staggering return of 990% over the last three years and an astonishing 4391% over the past five years.
Notably, the stock has consistently delivered positive returns on an annual basis, recording significant gains of 160%, 53%, 67%, and 312% in CY20, CY21, CY22, and CY23, respectively.
In the current year, the stock has sustained its upward trajectory so far, registering a 63% increase from ₹106 to its current level.
Disclaimer: We advise investors to check with certified experts before taking any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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https://www.livemint.com/market/stock-market-news/hbl-power-systems-shares-soar-6-5-to-record-high-after-securing-rs-1-522-crore-kavach-order-11734323504716.html
| 2024-12-16T06:31:41Z
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Mombasa — The Energy Petroleum Regulatory Authority (EPRA) has announced a continued reduction in the prices of Super Petrol, Diesel, and Kerosene, citing lower landed costs of imported fuel products as a key factor.
In its latest price review on Saturday, EPRA revealed pump prices for Super Petrol would drop by Sh4.37, while Diesel and Kerosene would decrease by Sh3.00 each effetive Sunday.
"The average landed cost of imported Super Petrol decreased by 4.46 per cent from US$641.14 per cubic metre in October 2024 to US$612.53 per cubic metre in November 2024," EPRA said.
"Diesel and Kerosene recorded increases of 5.76 per cent and 1.87 per cent, respectively, but overall adjustments allowed for a reduction in pump prices."
The new pricing will see Nairobi residents pay Sh176.29 for a litre of petrol, Sh165.06 for diesel, and Sh148.39 for kerosene.
In Mombasa, corresponding prices are slightly lower, at Sh173.05, Sh161.82, and Sh145.15 respectively.
The revised prices which will remain in force until January 14 include a 16 per cent Value Added Tax (VAT) in accordance with the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and adjusted excise duties per inflation guidelines.
EPRA underscored its commitment to monitoring market trends and ensuring that price adjustments reflect real-time cost fluctuations.
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https://allafrica.com/stories/202412160055.html
| 2024-12-16T06:31:41Z
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The crypto market is moving an inch closer to another electrifying bull run. For months, Bitcoin and Ethereum have dominated headlines. However, few underrated underdogs are poised to outperform. Kaspa, NEAR Protocol, and the newly launched Rollblock are contenders turning heads among savvy investors. Kaspa‘s GHOSTDAG just saw a breakthrough to the upside during the NEAR Protocol trailblaze with AI adoption. At the same time, the new crypto Rollblock is dominating ongoing presale with a colossal win. So, buckle up as we explore the underrated coins of this bull run.
Rollblock: New crypto casino’s innovative gambling solution sees explosive presale growth
There’s no talking about underrated gems without talking about high-potential underdogs, and Rollblock is proving to be the best of them all. This new crypto casino ingenuity has emerged as a game-changer in the online gambling industry, driven by its innovative, community-centric approach.
Rollblock is a hybrid decentralized innovation that tackles the pain points of the $500B global iGaming market. Its blend of real-world values, fun, and purpose has had whales and investors flock to its headline-grabbing presale. At its core, the new crypto casino boasts an inclusive gaming ecosystem with an expansive offering of over 7,000 titles.
However, the platform’s most groundbreaking feature is its revenue-sharing model. The result? An astronomical rise in demand and 310% growth to $0.0415 in the stage 9 presale. In fact, the presale raise reached $7M, and analysts predict more explosive growth.
Kaspa: The proof of work Marvel redefining Bitcoin scalability
Another underrated token no one seems to be talking about is Kaspa. The GHOSTDAG protocol has been blazing a trail on and off the price chart. A look at Kaspa‘s impressive fundamentals highlights the reasons for its sturdy performance. Its groundbreaking technology bucks up Bitcoin’s efficiency with a blockDAG architecture.
Since the year started, Kaspa has stood out in flying colors. KAS recorded a modest 37% YTD growth, but recent momentum proves there are still more tricks up its sleeves. After hitting a low of $0.101, the altcoin surged to a high of $0.179 and maintained a strong uptrend.
NEAR Protocol’s AI leap: NEAR poised for double-digit breakout
The third on the list is the AI crypto redefining the AI crypto narrative – NEAR Protocol. NEAR‘s blend of innovation and performance makes it a gem. Designed as a developer-friendly L1 network, NEAR addresses critical industry pain points like slow transaction speeds, low throughput, and interoperability.
With the introduction of NEAR AI, the protocol is positioning itself at the forefront of blockchain innovation. This bold move taps into the rapidly growing AI sector, a market projected to exceed $1.5 trillion by 2030. On the charts, NEAR has shown impressive strength. The token has climbed 190% YTD with a 30-day gain of 65% to $7.3.
Conclusion
The crypto market is gearing up for a new run, and investors are getting increasingly positioned on two underrated altcoins poised for magical gains. Kaspa is building momentum with its GHOSTDAG innovation, and NEAR Protocol just bucked up its appeal with AI adoption. Then, there’s the new crypto casino Rollblock, which is getting massive attention in presale. These underdog cryptos exemplify the dynamic possibilities that lie beyond the usual headlines.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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https://techbullion.com/underrated-coins-of-this-bull-run-kaspa-near-protocol-and-new-crypto-rollblock/
| 2024-12-16T06:31:40Z
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The strength of any country consists of its natural resources, human resources, and capital assets, namely, the economic wealth that delivers higher living standards. The first two determine the third. If a country can successfully harness its natural resources, using its human talent, it will prosper; if it can’t, it will fail.
Now, Nigeria is known worldwide for its abundant human and natural resources, so why is it one of the world’s poorest countries? Why is Nigeria run so badly that it is utterly dysfunctional, verging on state failure? The commonest answer people give is “leadership.” But Nigerians run world bodies and lead major political parties and governmental agencies in the West. So, why can’t Nigerians run their own country well? How can Nigerians provide leadership abroad but not at home?
Well, the problem is systemic and structural: Nigeria is systemically wired to fail and structurally conditioned to produce bad leaders. It is a corrupt, morally bankrupt nation. If values, not self-interest, guide your action, Nigeria is not your natural habitat: you must, if you are public-spirited, look for opportunities abroad. Nigeria’s brightest and best are crowded out by a political system, a political structure, and a culture that rewards self-dealing knavery over meritocracy, honesty, and integrity. Thus, Nigerians who will never succeed at home go abroad and succeed there. Consequently, Nigeria is brain-drained and utterly denuded, thereby lacking state capacity and true statehood.
Read also: Okonjo-Iweala reappointed as WTO DG, pledges to deliver results that matter
Recently, two Nigerians hit the headlines worldwide for their outstanding feats. One, Dr Ngozi Okonjo-Iweala was re-elected unanimously, unopposed, for a second term as Director-General of the World Trade Organisation (WTO). When she was first elected in 2020, she was the first African and the first woman to hold the position. So outstandingly did she perform that no one attempted to deny her a second term by running against her. The second, Kemi Badenoch, was elected as the first Black leader of Britain’s Conservative Party, which has produced more prime ministers than any other party in the UK since the country had its first prime minister in 1721. Given the Conservative Party’s track record of producing prime ministers, Olukemi Olufunto Badenoch, née Adegoke, could become the UK’s first British-Nigerian prime minister!
Of course, Nigerians and, indeed, the Nigerian government are quick to celebrate and “claim” any Nigerian abroad who achieves great feats. But what chances would such achievers have had at home? For instance, how far would Dr Okonjo-Iweala have gone had she decided to run for president? How far would Badenoch have gone? Badenoch answered that question herself in one interview she gave about her childhood: she was born in the UK in 1980 but brought to Nigeria by her parents, Femi Adegoke, a medical doctor, and Feyi, an academic, for her early education; she later returned to Britain at 16 for her A-levels.
“Well, the problem is systemic and structural: Nigeria is systemically wired to fail and structurally conditioned to produce bad leaders.”
Now 44, Badenoch said she toyed with the idea of returning to Nigeria at 25 to begin a political career. However, according to her, a Nigerian political figure “belittled” her, “saying something about her being a woman and how she would never make it.” Hardly any Nigerian would consider that account outlandish given that there is not a single female state governor in Nigeria, let alone the remote possibility of a female president. Yet, if Badenoch became British prime minister, Nigeria might declare a public holiday to celebrate her achievement, never mind that she wouldn’t even become a governor in Nigeria!
What about Dr Okonjo-Iweala? Well, at least she was twice finance minister, first under President Olusegun Obasanjo and then under President Goodluck Jonathan. Even so, Dr Okonjo-Iweala is a prophet without honour in her own country. In 2018, she launched her book Fighting Corruption Is Dangerous at the London School of Economics. I attended the event and wrote about it for the Africa@LSE blog, describing her as a highly respected global personality who’s underappreciated at home.
After President Jonathan lost power in 2015, Okonjo-Iweala became a hate figure in Nigeria, frequently subjected to trenchant criticisms. She narrated at the LSE event how the Buhari administration hounded her and her family, sending police officers to search her house for “illegal currency holdings” only to find “bags full of old newspapers.” But when she became the Director-General of the WTO, thanks largely to her personal recognition and the pivotal intervention of the then-new US president, Joe Biden, President Buhari gave her the Grand Commander of the Order of the Niger (GCON), Nigeria’s second-highest national award. As the old saying goes, success has many fathers, but failure is an orphan!
That was precisely why Abike Dabiri, the CEO of Nigerians in Diaspora Commission, NiDCOM, tried to reach out to Kemi Badenoch after her election as the Tory leader and was miffed that Badenoch rebuffed the overture. “It depends on whether she embraces her Nigerian identity. We reached out to her once or twice, but there was no response. We don’t force anyone to acknowledge being Nigerian,” Dabiri said peevishly.
Last week, Vice President Kashim Shettima put his foot in his mouth when he publicly attacked Badenoch for “denigrating” Nigeria. Shettima uncouthly suggested Badenoch could “remove the Kemi from her name” if she wasn’t proud of her “nation of origin.” A Badenoch aide responded that she “stands by what she says” about Nigeria, adding, “She tells the truth. She tells it like it is. She is not going to couch her words.”
Here’s the truth: Badenoch doesn’t deny her Nigerian lineage, but she’s not proud of the country; she’s not proud of how the patronage and corruption of Nigeria’s political class have held the country hostage for years and stunted its development. She says one of the books that shaped her worldview is Why Nations Fail by Daron Acemoglu and James Robinson, the economics Nobel laureates, and she sees Nigeria through the prism of that book. Whenever any British politician did something that she considered unacceptable, she would say, “It’s a Nigerian thing.” Give her credit; she ran on the values of truth, honesty, and responsibility and won over the overwhelmingly white Conservative Party membership. By contrast, such a commitment to personal ethics is utterly lacking in Nigeria’s self-serving political class.
Read also: Kemi Badenoch stands at the threshold of British political history
Which brings us back to the broader point. Okonjo-Iweala, Kemi Badenoch, and other Nigerians who have achieved great feats abroad show that Nigeria’s problem is not the absence of talent. And those who say it is the absence of leadership are only half right. Of course, Nigeria has always produced leaders who can’t sacrifice their own self-interest for the common good. But it is a country’s political system that determines which leaders emerge. Sadly, Nigeria’s broken political system cannot produce public-spirited leaders because it favours the highest bidders and makes it easy for state institutions, notably the electoral body, judiciary, and security agencies, to be captured and manipulated, resulting in fraudulent elections that produce dubious leaders.
But think about it: Even if an Okonjo-Iweala or an Akinwumi Adesina, the successful president of the African Development Bank (AfDB), emerged as Nigeria’s president, would they succeed? Well, not under the current over-centralised political and governance structure that lacks effective checks and balances and that’s riven by ethnic polarisation and zero-sum politics. The sharp North-South divide and entrenched vested interests over the tax reform bills are recent evidence of Nigeria’s acute systemic and structural problem.
Yet, the fact that Okonjo-Iweala, Badenoch, Adesina, and other Nigerians succeed abroad is an astonishing indictment of the Nigerian state. For if Nigeria is so dysfunctional while its citizens rule the world, where’s the statehood? It’s a failed state!
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https://businessday.ng/columnist/article/okonjo-iweala-kemi-badenoch-the-duo-whose-great-feats-shame-nigeria/
| 2024-12-16T06:31:41Z
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‘Jennifer Lopez is gonna marry Ben Affleck again just so she can stay in the country,' jokes Chris Rock on SNL
Chris Rock talked about US President Donald Trump, his friendship with Tesla founder Elon Musk, and deportation.
Comedian Chris Rock said that singer Jennifer Lopez is "gonna marry Ben Affleck again just so she can stay in the country". During his appearance on NBC sketch show, Saturday Night Live, Chris spoke about US President Donald Trump, his friendship with Tesla founder Elon Musk, and deportation. (Also Read | Jennifer Lopez feels 'humiliated' with Ben Affleck spending holidays with ex Jennifer Garner)
Chris Rock on Jennifer Lopez, Ben Affleck
Chris said, “Trump is not playing man. This time is different. He’s working with the number one African-American in the world. The richest African-American in the world, Elon Musk. That’s right. He is African-American.”
"Elon’s got more kids than the Cleveland Browns. Nobody knows how to get rid of people like a South African. He's serious, Trump is not playing...JLo's gonna marry Ben again just so she can stay in the country. I know she’s not Mexican, but Trump don’t know that. It's a big old Latin stew," he added.
About Jennifer and Ben Affleck's relationship
Jennifer and actor Ben Affleck's love story started in the early 2000s, before breaking up days before their wedding. They rekindled their romance in 2021 and eventually tied the knot in 2022. After two years into their marriage, she filed for divorce on August 20, marking the end of their relationship.
According to the filing, the couple had separated on April 26, bringing an abrupt end to their romance. It is Ben's second divorce. His first one was from actor Jennifer Garner. Ben and Garner got married in 2005 and divorced in 2018. They share three children - Violet, 19, Fin, 15, and Samuel, 12.
Jennifer on her journey as a Latina actor
Recently, Jennifer Lopez reflected on her decade-long journey in Hollywood and opened up about the challenges she faced as a Latina actor in the film industry. While appearing on Variety's Awards Circuit podcast, she had said, "When I started, there weren't a lot of roles for Latinas. I was auditioning for parts with accents and stereotypes. I kept thinking, 'Why can't I just play a romantic lead? Why can't I be the girl next door?' That belief--that conviction that I belonged -- was what helped me break those moulds."
Jennifer's next film
She will be next seen in a biographical sports drama film titled Unstoppable. She will be playing the role of Judy Robles, the mother of NCAA wrestling champion Anthony Robles. Directed by debutant Villy Goldenberg, the film also stars Jharrel Jerome in the lead role. Unstoppable will release on January 16 on Prime Video.
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https://www.hindustantimes.com/entertainment/hollywood/jennifer-lopez-is-gonna-marry-ben-affleck-again-just-so-she-can-stay-in-the-country-jokes-chris-rock-on-snl-101734324159278.html
| 2024-12-16T06:31:42Z
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American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 8,180,000 shares, an increase of 7.2% from the November 15th total of 7,630,000 shares. Based on an average daily trading volume, of 2,760,000 shares, the short-interest ratio is currently 3.0 days.
American Electric Power Trading Down 0.2 %
Shares of AEP stock opened at $92.71 on Monday. American Electric Power has a 1 year low of $75.22 and a 1 year high of $105.18. The company’s fifty day simple moving average is $97.50 and its two-hundred day simple moving average is $96.17. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization of $49.33 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.70 and a beta of 0.55.
American Electric Power Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were paid a $0.93 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 4.01%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.
Wall Street Analyst Weigh In
View Our Latest Research Report on American Electric Power
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC grew its stake in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $33,000. LRI Investments LLC lifted its position in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the last quarter. Finally, Briaud Financial Planning Inc lifted its position in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
American Electric Power Company Profile
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
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| 2024-12-16T06:31:42Z
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- Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.
- Russia's consumer price index continues to rise rose despite repeated rate hikes by the central bank in an effort to tame rampant price rises.
- The consumer price index rose to 8.9% in November, compared to the same month in the previous year, and up from 8.5% in October.
- A weaker ruble — following new U.S. sanctions — has fueled inflationary pressures.
Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.
Russia's consumer price index continues to rise despite repeated rate hikes by the central bank designed to tame the rampant price rises. The consumer price index hit 8.9% in November compared to the same month in the previous year, up from 8.5% in October, driven principally by rising food prices.
A weaker ruble — following new U.S. sanctions in November — has also fueled inflation, driving up the cost of imports into Russia, a country whose economy has been hit hard following its invasion of Ukraine in 2022.
Read more
Russian food prices are soaring — but no one dares blame Putin and the war
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
Economists now expect Russia's central bank, the CBR, to hike rates by 200 basis points at its meeting on Dec. 20 — taking the country's key interest rate to 23%.
"The renewed acceleration in Russian inflation to 8.9% year-on-year in November, and likelihood of further increases in the coming months, argue strongly in favour of another large interest rate hike from the central bank," Liam Peach, senior Emerging Markets economist at Capital Economics, said in a note last week.
Money Report
Prices are set to continue to rise, he added, with inflation likely to rise "far above" 9.0% year-on-year by the end of 2025.
"With firms’ price expectations also hitting new highs recently, there’s a clear argument that the central bank is losing the battle against inflation and that it will be forced to hike rates sharply again ... A 200 basis point rate hike is the base case in our view, but there are arguments in favour of a larger hike," Peach said.
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Price rises
The central bank enacted a 200 basis point rate hike at its last meeting in October, warning that inflation was running "considerably above" its summer forecast and that inflation expectations continue to increase.
"Growth in domestic demand is significantly outstripping the capabilities to expand the supply of goods and services," the CBR said in a statement.
Russian consumers have been hit especially hard as basic foodstuffs, such as butter, eggs, sunflower oil and vegetables, have seen high double-digit price increases as demand outstrips supply.
Russia's war against Ukraine has also caused labor and supply shortages which have pushed up wage and production costs — and these costs have ultimately been passed on to consumers. The government, however, blames the high cost of living on sanctions imposed on Russia by "unfriendly" countries. For his part, Russian President Vladimir Putin has denied swapping "butter for guns."
The International Monetary Fund predicts Russia will log 3.6% growth in 2024 before a deceleration next year, when 1.3% growth is forecast. The "sharp slowdown," the IMF said, was envisaged "as private consumption and investment slow amid reduced tightness in the labor market and slower wage growth."
Weak ruble
While Russia has looked to evade the pain of sanctions with import substitution and oil and gas exports to countries willing to accept them, international penalties are hurting.
The Russian ruble fell sharply against the dollar in November, weakening to 114 against the greenback — its lowest level since March 2022 — after another round of U.S. sanctions targeted Russia's third-largest bank Gazprombank. The measures are aimed at preventing the bank — which the U.S. Treasury said acts as a conduit for Russia to purchase military materials and pay Russian soldiers — from handling any energy-related transactions that involve the U.S. financial system.
The ruble's sharp move lower prompted the central bank to intervene to prop up the currency, with the CBR saying it would halt foreign purchases on the domestic currency market for the rest of the year "in order to reduce the volatility of financial markets."
Putin commented on the situation last month, insisting that the situation is under control.
"There are absolutely no grounds for panic," Putin told reporters, news agency RIA Novosti reported.
"As for the fluctuations in the ruble exchange rate, this is connected not only with inflation processes, it is also connected with payments to the budget, it is connected with oil prices. There are many factors of a seasonal nature," he added, in comments translated by Google.
The ruble has strengthened in recent weeks but remains down around 3% against the dollar over the past month. It was last trading at 103 against the greenback Monday.
There's little that Russia's central bank can do to tackle inflation— and the ruble's deterioration — while the war continues, according to analysts Alexandra Prokopenko and Alexander Kolyandr.
"The fundamental reasons for the ruble's weakness have not gone anywhere, and the dynamic of Russia's trade flows means the currency is destined to falter and inflation to rise," they noted in analysis for Carnegie Politika.
"As the Russian economy slows despite significant state spending, the dynamics of the ruble exchange rate suggest the country is heading for stagflation (a toxic combination of slow growth and rising prices)," they said.
"The root cause is the war and ensuing Western sanctions and militarization of Russia's economy. The country's financial authorities don't have the power to solve this problem — and they're even afraid to speak about it publicly."
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https://www.nbcchicago.com/news/business/money-report/russia-braced-for-mammoth-rate-hike-amid-fears-its-losing-the-battle-against-inflation/3625060/
| 2024-12-16T06:31:42Z
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Trending:
Jason Gillespie Reveals Two Key Reasons Why He Quit As Pakistan Coach: 'The Straw That Broke Camel's Back...'
Jason Gillespie opened up on stepping down as Pakistan coach and revealed two reasons why he quit the role. Gillespie said he was basically giving catches to the players on morning of the match after being removed from the selection panel.
Jason Gillespie Reveals Two Key Reasons Why He Quit As Pakistan Coach: 'The Straw That Broke Camel's Back...' (Source: PCB)
Jason Gillespie broke the silence on stepping down as Pakistan Test coach. Pakistan is not an easy team to coach given the internal politics within the board. Gillespie along with Gary Kirsten made a brave call to accept the role but they failed to stay even for a year. Kirsten stepped down as white-ball coach without coaching the team in a single ODI, while Gillespie gave up on the team soon after. The coaches were removed from the selection panel and turned into match day strategists. Kirsten didn't like the move and parted ways, but Gillespie hung around. He was asked to coach the team on a white-ball tour to Australia and he did well, leading the team to an ODI series win.
However, when the board sacked assistant coach Tim Neilsen without even consulting head coach Gillespie, the former Australia pacer lost his patience and stepped down. The PCB later named Aqib Javed as interim head coach across formats.
Gillespie cited removal from the selection matters and the sacking of Tim Neilsen without any communication as the two primary reasons why he decided to quit as Pakistan coach.
"The straw that broke the camel’s back… as a head coach you like to have clear communication with your employer and I was completely and utterly blindsided by a decision to no longer have a high-performance coach," Gillespie said on ABC Grandstand.
“My senior assistant coach Tim Nielsen was told his services were no longer required and I had zero communication from anyone about that and I just thought after a number of other things that had gone on in the previous few months, that was the moment I thought well I’m not really sure they actually want me to do this job.
“When things started to change… and I felt my opportunity to be able help was severely diminished by a reduced role, in essence I was basically hitting catches and that was about it on the morning of a game.
“You want to be able to have clear communication with all stakeholders, including selectors and knowing what the team is as head coach at least a day before the game so you can help plan and prepare the players.
“That just made things a lot more difficult to be able to do my job effectively and then the board decided to not allow Tim to travel to South Africa, I’ve heard that was on the recommendation of someone which in essence made my job untenable,” he added.
Gillespie's first assignment as Pakistan coach was the Test series against Bangladesh where the hosts suffered a 2-0 defeat. The Shan Masood-led side also suffered a loss to England in the first Test but bounced back to win the final two games and the series.
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Cricket, Sports and around the world.
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Faham Uddin author
Faham Uddin works as a special correspondent of the sports desk. Faham has an overall experience of more than six years and served as the chief sub-ed...View More
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| 2024-12-16T06:31:43Z
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Stock Market Today: HBL Power Systems, a leading player in the battery and power systems sector, saw its shares surge by 6.5% in intraday trade on Monday, December 16 to a fresh all-time high of ₹739.65 per share following a significant order win.
On Saturday, the company informed investors through an exchange filing that it had secured an order worth ₹1,522.40 crore from Chittaranjan Locomotive Works.
The order is for the supply, installation, and commissioning of the on-board Train Collision Avoidance System (TCAS) (KAVACH) equipment in locomotives.
KAVACH, also known as the Train Collision Avoidance System (TCAS) or Automatic Train Protection System (IRATPS), is an advanced safety solution designed to prevent train collisions and enhance operational safety.
The company is engaged in the design, development, and manufacturing of specialised batteries and electronic solutions. The company is also engaged in service activities related to its products. It operates its business under three primary verticals: battery, electronics, and defence.
It is the world’s second-largest nickel-cadmium battery manufacturer, India's third-largest telecom battery manufacturer, and the only Indian company with pure lead battery technology, as per the company's website.
The company's flagship products in the electronics business vertical include the TCAS, which enhances safety, and the Train Management System (TMS), designed to optimise track utilisation.
With the Government of India's thrust now on modernising railways with large infrastructure spending and rail safety, the company is in a strong position to benefit from this move. The government has prioritised transforming Indian Railways into a world-class entity.
For the year 2024-25, a record capital expenditure (Capex) of ₹2,62,200 crore has been allocated to the Railways.
Wealth creator
Over the past 12 months, the company shares have skyrocketed from ₹360 per share to the current trading price of ₹708 per share, translating to a remarkable gain of 97%. Long-term investors have witnessed even more impressive returns, with the stock delivering a staggering return of 990% over the last three years and an astonishing 4391% over the past five years.
Notably, the stock has consistently delivered positive returns on an annual basis, recording significant gains of 160%, 53%, 67%, and 312% in CY20, CY21, CY22, and CY23, respectively.
In the current year, the stock has sustained its upward trajectory so far, registering a 63% increase from ₹106 to its current level.
Disclaimer: We advise investors to check with certified experts before taking any investment decisions.
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https://www.livemint.com/market/stock-market-news/hbl-power-systems-shares-soar-6-5-to-record-high-after-securing-rs-1-522-crore-kavach-order/amp-11734323504716.html
| 2024-12-16T06:31:43Z
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JSW Energy on Monday said it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW.
The company's locked-in renewable energy commercial and industrial (C&I) capacity stood at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity, a JSW Energy statement said.
Currently, the operational C&I capacity of the company stood at 488 MW, it informed.
The company's step-down subsidiaries have executed power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd for the supply of renewable energy.
These strategic partnerships underscore the company's commitment towards sustainable energy solutions.
Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW.
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"I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said.
JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and renewable energy.
The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.
The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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https://www.business-standard.com/companies/news/jsw-energy-gets-re-projects-achieves-total-locked-in-capacity-of-20-gw-124121600276_1.html
| 2024-12-16T06:31:43Z
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PICS: Tiger Woods, Lindsey Vonn & More
Tiger Woods was seen with Lindsey Vonn at the 2013 Presidents Cup golf tournament in Dublin, Ohio.
Tiger Woods was seen with Lindsey Vonn at the 2013 Presidents Cup golf tournament in Dublin, Ohio.
U.S. golfer Tiger Woods sits in a golf cart with his girlfriend Lindsey Vonn as they watch play during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
Lindsey Vonn, right, girlfriend of the United States' Tiger Woods, hands a small squirrel to Davis Love III while they watch the last four-ball match of the day at the Presidents Cup golf tournament at Muirfield Village Golf Club Thursday, Oct. 3, 2013, in Dublin, Ohio. Davis Love III found the squirrel earlier in the day and has kept in his cart during the matches. (Photo: AP)
United States' Tiger Woods and his girlfriend, skier Lindsey Vonn watch the action on the 18th hole from a golf cart during a four-ball match at the Presidents Cup golf tournament at Muirfield Village Golf Club on Thursday, Oct. 3, 2013, in Dublin, Ohio. (Photo: AP)
United States' Tiger Woods watches the 17th hole with his girlfriend Lindsey Vonn during the four-ball matches at the Presidents Cup golf tournament at Muirfield Village Golf Club Thursday, Oct. 3, 2013, in Dublin, Ohio. (Photo: AP)
U.S. team captain Fred Couples ducks an incoming shot along with team member Keegan Bradley as Tiger Woods, his girlfriend Lindsey Vonn, Phil Mickelson and his wife Amy look on during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
U.S. teammates Phil Mickelson sits with Tiger Woods (R) and Wood's girlfriend Lindsey Vonn as they watch play after finishing their matches during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
U.S. Olympic gold medal skier Lindsey Vonn sits with her boyfriend Tiger Woods and golfer Phil Mickelson as they watch play during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
U.S. golfer Tiger Woods sits in a golf cart with his girlfriend Lindsey Vonn as they watch play during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
U.S. golfer Tiger Woods talks with his girlfriend Lindsey Vonn after winning his first round match during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
U.S. team members (L-R) Keegan Bradley, Phil Mickelson, Mickelson's wife Amy, team member Tiger Wood's girlfriend Lindsey Vonn and Woods watch during the opening Four-ball matches for the 2013 Presidents Cup golf tournament at Muirfield Village Golf Club in Dublin, Ohio October 3, 2013. (Photo: Reuters)
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https://www.indiatimes.com/sports/more-sports/pics-tiger-woods-lindsey-vonn-and-more-105009.html
| 2024-12-16T06:31:42Z
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Specifications for the 2015 Porsche 911 Carrera 4. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2015-porsche-911-carrera-4-991-my15-petrol-2d-coupe-tRBya94jyh
| 2024-12-16T06:31:42Z
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| 2024-12-16T06:31:45Z
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Nairobi — Financial instability and economic hardships among Kenyan youth are driving a rise in gender-based violence (GBV) and femicide, according to UN Women.
The country has reported over 97 femicide cases since August, with data from the Kenya National Bureau of Statistics showing a steady increase in GBV over the past five years.
Sebastian Gatimu, Planning and Coordinating Specialist at UN Women, attributed the trend to unemployment and lack of financial support, particularly for young women in tertiary institutions.
Gatimu called on parents to provide continued financial support to young women and emphasized equal employment opportunities as a means to curb GBV.
"Unemployment is a key contributor. Many victims are unemployed young women in universities or recent graduates with financial needs but no capacity," Gatimu stated.
Kenya aims to eliminate GBV by 2026. Efforts include engaging young men as advocates, as highlighted during the National Young Male Dialogue hosted by UN Women Kenya and UNESCO, where over 40 young men urged collective involvement in zero-tolerance campaigns.
Grassroots leadership structures such as Nyumba Kumi and village elders were identified as crucial in mobilizing communities to reject GBV. Gatimu proposed barazas as platforms to spread awareness.
President William Ruto, speaking during the launch of the National Police Service and State Department of Correctional Services Strategic Plans (2023-2027), called for a collaborative approach and pledged law enforcement action to address the vice.
Advocacy groups have raised concerns about inadequate protections for women and delays in justice for victims, urging stronger measures to combat GBV and femicide.
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https://allafrica.com/stories/202412160056.html
| 2024-12-16T06:31:47Z
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Share Share Join BusinessDay whatsapp Channel, to stay up to date Open In Whatsapp YOU MIGHT ALSO LIKE E-edition BD Sunday 15th Dec 2024 E-edition BD Weekender 14th Dec 2024 E-edition BD Weekender 14th Dec
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https://businessday.ng/e-edition/article/businessday-16-dec-2024/
| 2024-12-16T06:31:47Z
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Immigration law is a complex and ever-changing field, and navigating the legal processes associated with immigration can be overwhelming. Whether you are seeking to immigrate to a new country, applying for a work visa, or fighting deportation, having an immigration lawyer by your side can significantly ease the process. In this article, we will discuss why an immigration lawyer is vital to your case, what services they provide, and how to choose the right one for your needs.
Why Do You Need an Immigration Lawyer?
Immigration laws are designed to ensure that the immigration system is fair and just, but they can also be complicated and difficult to understand. Many individuals and families trying to navigate the immigration process do not fully understand the specific requirements or how to meet them. A small mistake in paperwork or missing a crucial deadline can lead to delays, denials, or even deportation. That’s where an immigration lawyer comes in.
An experienced immigration lawyer can help with the following:
- Providing Legal Expertise: Immigration law is multifaceted, encompassing various types of visas, permanent residency applications, asylum claims, and more. Lawyers specializing in immigration law are equipped with the knowledge to handle the intricacies of the legal system. They stay up to date with the latest regulations and practices, which is essential in an area where laws can change frequently.
- Guidance Through Complex Processes: The immigration process often involves lengthy paperwork, legal forms, and interviews. An immigration lawyer helps to guide you through every stage, ensuring that all forms are filled out accurately, documentation is provided correctly, and all deadlines are met. They will also help you avoid common pitfalls that could lead to mistakes or delays.
- Representing You in Court: If your case goes to court, having an immigration lawyer represent you is crucial. Lawyers have the necessary training and experience to present your case effectively and advocate for your best interests. They understand the nuances of immigration law and can help you build a compelling case to present before a judge.
- Appeals and Rejections: In cases where your application for a visa, green card, or asylum is rejected, an immigration lawyer can help you file an appeal. Lawyers understand how to challenge a decision and can provide you with advice on the best course of action to take.
- Protecting Your Rights: Immigration lawyers are experts in ensuring that your rights are protected throughout the process. Whether you are facing deportation or an immigration interview, a lawyer can advocate for your interests, ensuring that you are treated fairly under the law.
Services Provided by an Immigration Lawyer
Immigration lawyers offer a wide range of services that are tailored to your specific needs. Here are some of the common services they provide:
- Visa and Green Card Applications: Immigration lawyers assist with a variety of visa applications, including work visas, student visas, tourist visas, and family-based green card applications. They help ensure that all required documentation is submitted correctly and on time.
- Asylum and Refugee Applications: If you are seeking asylum or refugee status in a country due to persecution in your home country, an immigration lawyer can help you navigate the process. Lawyers can guide you through the application process and ensure your case is presented properly to increase your chances of success.
- Deportation Defense: If you are facing deportation, having an immigration lawyer is critical. They will help you understand your legal options and can fight for your right to remain in the country, whether through challenging the deportation or seeking other forms of relief, such as cancellation of removal or asylum.
- Naturalization and Citizenship: An immigration lawyer can help guide you through the naturalization process to become a U.S. citizen or a citizen of another country. They will ensure that all necessary requirements are met and help you prepare for the citizenship interview and examination.
- Family-Based Immigration: Lawyers assist individuals who want to bring family members to the country, whether through marriage, parent-child relationships, or other family-based petitions. They help ensure that all paperwork is completed accurately and that applicants meet all eligibility requirements.
How to Choose the Right Immigration Lawyer
Choosing the right immigration lawyer is a critical decision that can significantly impact the outcome of your case. Here are some key factors to consider:
- Specialization and Experience: Immigration law is a specialized field. It’s important to choose a lawyer who focuses specifically on immigration law and has experience handling cases similar to yours. Look for a lawyer with a proven track record of success in the area you need help with, whether it’s visas, asylum, or deportation defense.
- Reputation and Reviews: Before hiring a lawyer, take the time to research their reputation. Look for reviews from previous clients and check their standing with the local bar association. A good reputation can give you confidence in their abilities and ensure you are working with someone reliable.
- Communication and Accessibility: A good immigration lawyer will keep you informed throughout the process and be easily accessible when you have questions. Make sure that the lawyer you choose is someone who communicates clearly and promptly responds to your inquiries.
- Initial Consultation: Many immigration lawyers offer an initial consultation, often at no charge or for a small fee. Use this opportunity to evaluate the lawyer’s approach and determine if they are a good fit for your needs. During the consultation, ask about their experience, fees, and the specific services they will provide.
- Transparent Fees: Immigration lawyers may charge hourly rates or flat fees, depending on the complexity of your case. Make sure you fully understand the lawyer’s fees and billing structure before you agree to any services. A transparent lawyer will provide you with an estimate of costs upfront.
Get the Help You Need Today
If you’re navigating the complicated immigration process, it’s essential to have a professional by your side who understands the law and can guide you through the journey. An immigration lawyer can make all the difference in the success of your case.
For expert immigration legal services, consider reaching out to Zari Hazan. With years of experience and a deep understanding of immigration law, Zari Hazan is dedicated to providing personalized solutions and support for individuals and families seeking immigration assistance.
In conclusion, whether you’re applying for a visa, seeking asylum, or fighting deportation, an immigration lawyer can provide you with the guidance and representation you need. With their expertise and dedication, you can move forward with confidence knowing that your case is in good hands.
Frequently Asked Questions
- What does an immigration lawyer do?
An immigration lawyer specializes in helping individuals navigate the complexities of immigration law. They assist with visa applications, green cards, asylum claims, deportation defense, and citizenship processes. They ensure that clients meet legal requirements, file the correct paperwork, and represent them in court if necessary.
- When should I hire an immigration lawyer?
It’s advisable to hire an immigration lawyer as soon as possible in the immigration process. If you are applying for a visa, seeking asylum, or facing deportation, having a lawyer early on can help you avoid mistakes, delays, or missed deadlines that could jeopardize your case.
- How much does an immigration lawyer cost?
The cost of hiring an immigration lawyer can vary depending on the complexity of your case. Some lawyers charge flat fees for specific services, like visa applications, while others charge hourly rates. It’s essential to discuss fees during the initial consultation and ensure you understand the cost structure before proceeding.
- Can an immigration lawyer guarantee that my case will be successful?
No, no lawyer can guarantee the outcome of an immigration case. Immigration law is complex, and decisions are often in the hands of government agencies or judges. However, an experienced immigration lawyer can significantly increase your chances of success by ensuring all legal requirements are met and presenting the strongest possible case.
- How do I choose the right immigration lawyer?
To choose the right immigration lawyer, look for someone with experience in your specific area of need, whether that’s visa applications, deportation defense, or citizenship. Check their reputation through client reviews, their standing with the bar association, and schedule an initial consultation to discuss their approach and fees. Clear communication and transparency are key to finding the best fit for your case.
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https://techbullion.com/understanding-the-importance-of-an-immigration-lawyer-why-you-need-one/
| 2024-12-16T06:31:47Z
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50 Cent's Diddy documentary delayed? Rapper issues update on ‘difficult project’ in the wake of Jay-Z allegations
50 Cent admitted to the challenges he faces in developing the Diddy Netflix documentary as allegations against the rapper keep blowing up.
In an ambitious attempt to flesh out a “complex narrative spanning decades,” Curtis “50 Cent” Jackson, an outspoken critic of Sean “Diddy” Combs, first announced last year that he was developing a documentary on the disgraced hip-hop mogul’s allegations. The fellow rapper’s major revelation followed soon after the Bad Boy Records founder’s former girlfriend Cassandra Ventura, aka the R&B star Cassie, sued him for raping and abusing her for over a decade. Although that particular lawsuit was quickly settled, the case again jumped into focus when, months later, in 2024, hard visual evidence of Diddy viciously attacking the singer hit our virtual timelines. Since then, the floodgates have further unloaded a massive streak of bad days for the Revolt founder, once deemed as the “gatekeeper” of the music industry.
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Cent continues to endlessly troll his professional rival whose charges of sex trafficking, sexual assault and racketeering will be profoundly probed in the upcoming Netflix documentary. Although the project has long been in production, the seemingly never-ending list of violent accusations in Combs’ name has only expanded ever since. Fellow music royalty icon and superstar Jay-Z has also been dragged into the case, with an updated lawsuit alleging that he took turns with Diddy to rape a then-13-year-old girl at an MTV VMAs after-party in 2000.
50 Cent's update on the Diddy Netflix documentary
In the wake of the explosive developments on this front, 50 Cent issued an update on the purportedly titled “Diddy Do It” documentary, which is in production, during a recent interaction on GMA3. Acknowledge the expansive spectrum of allegations against Combs, including his high-profile ties within the industry, Jackson admitted how his passion project was basically demanding him to invest all his blood, sweat and tears into it. “It’s a difficult project because every day, there’s new accusations coming out, it’s new things that happened,” he said of the Netflix Diddy doc. “So, it’s become an octopus, with so many powers and so many things going on.”
In September, Variety confirmed that Netflix had finally won the bidding war for the documentary as the project clinched the green light on the streaming giant. Cent and project director Alexandria Stapleton said in a statement, “We remain steadfast in our commitment to give a voice to the voiceless and to present authentic and nuanced perspectives. While the allegations are disturbing, we urge all to remember that Sean Combs’ story is not the full story of hip-hop and its culture. We aim to ensure that individual actions do not overshadow the culture’s broader contributions.”
Also read | Jay-Z's ‘aggressive’ rape allegations denial could ‘backfire’ on his and Beyonce's $3 billion fortune
‘Diddy Do It,’ a heavier undertaking than anticipated
On GMA3, he added that he never expected the heavy allegations against the ‘Bad Boy for Life’ to blow up to this extent. “I don’t think anyone could have anticipated this many accusations and things that have taken place.”
Earlier this month, Cent branched out his internet post seemingly shading Combs to take a swipe at the Roc Nation founder as well. A now-deleted AI video initially posted online showed Diddy and Jay-Z being handcuffed and taken into custody.
Both rappers have denied all allegations against them. Now it remains to be seen if Cent’s forthcoming Netflix project, which has yet to lock down a release date, will incorporate the Jay-Z debate. Considering the heavy weight of content and accusations Curtis Jackson and Stapleton have to shred through to assemble the final result, it wouldn’t be a shocker if the “Many Men” hitmaker requests an extension on the undefined deadline for this premiere.
A rep for 50 Cent previously confirmed, “The untitled ‘Diddy’ documentary is in development through G-Unit Film and Television with Curtis ’50 Cent’ Jackson serving as Executive Producer, proceeds from this documentary that G-Unit Film & Television receives will go to victims of sexual assault and rape.”
Get more updates from Bollywood, Taylor Swift, Hollywood, Music and Web Series along with Latest Entertainment News at Hindustan Times.
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https://www.hindustantimes.com/entertainment/music/50-cents-diddy-documentary-delayed-rapper-issues-update-on-difficult-project-in-the-wake-of-jay-z-allegations-101734322519667.html
| 2024-12-16T06:31:48Z
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Trending:
Ravi Shastri Hails 'Brave Woman' Isa Guha After She Apologised On Air For Controversial Jasprit Bumrah Remark
Ravi Shastri came out in full support of Isa Guha after the commentator apologised for her remark on Jasprit Bumrah during the 1st innings at the Gabba in Brisbane.
Ravi Shastri Hails 'Brave Woman' Isa Guha After She Apologised On Air For Controversial Jasprit Bumrah Remark. (Photo: PTI/isaguha/Instagram)
Ravi Shastri has hailed Isa Guha after the commentator apologised on air for his controversial remark on Jasprit Bumrah during the third Test between India and Australia in Brisbane. Isa used the word ‘Primate’ while praising Bumrah for his heroics with the ball in the 1st innings.
Bumrah once again showed why he has been labelled as one of the best with a six wicket haul including the prized wicket of Travis Head. While replying to Brett Lee on Fox Sports’ coverage, Isa termed Bumrah as the "MVP - Most Valuable Primate."
Isa’s choice of words didn’t exactly go as planned as she received severe criticism online. Later on the 3rd day of the Test, the former English cricketer issued an apology live on tv. She said, “Yesterday in commentary I used a word that can be interpreted in a number of different ways.
“I set myself really high standards when it comes to empathy and respect of others and if you listen to the full transcript, I only meant the highest praise for one of India’s greatest players and someone that I admire greatly as well.
“I’m an advocate for equality and someone who has spent their career thinking about inclusion and understanding in the game.
“I’m trying to frame the enormity of his achievements and I’ve chosen the wrong word, and for that I am deeply sorry.”
Co-commentator Ravi Shastri came out in full support of Isa as the former Indian head coach reiterated that things should now be settled after Isa’s apology. He said, "Brave woman, to apologise on live television takes some steel. You heard it from the horse's mouth so as far as I am concerned, game's over. People are entitled to make mistakes, we are all human. In the heat of the moment, sometimes when you have the mic in your hand, things can happen. Let's move on.”
Despite Jasprit Bumrah’s six wicket haul India are currently struggling as they are trailing 397 runs behind with six wickets in hand at the Gabba.
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Cricket, Sports and around the world.
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Anirban Sarkar author
Anirban Sarkar author bio: Anirban Sarkar is a sports journalist with the Times group and has over 8 years of experience in journalism. An ardent Man...View More
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https://www.timesnownews.com/sports/cricket/ravi-shastri-hails-brave-woman-isa-guha-after-she-apologised-on-air-for-controversial-jasprit-bumrah-remark-article-116355080
| 2024-12-16T06:31:49Z
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MobiKwik’s IPO: Is this the start of something bigger?
Summary
- With over 150 million users and four million merchants, MobiKwik has built a large, low-cost distribution network. Now, the focus shifts to monetizing this base by cross-selling financial products and scaling its lending offerings.
MobiKwik’s initial public offering (IPO) subscription is complete, and it’s all set to make its market debut soon. But there’s something different about this IPO that’s got everyone talking.
For starters, the demand has been phenomenal. The IPO was oversubscribed ~120 times, with retail investors leading the charge at ~135 times. Non-institutional investors weren’t far behind at ~109 times; even qualified institutional buyers booked ~120 times their share. The across-the-board excitement shows just how much buzz this IPO has generated.
What makes this IPO even more interesting is that all proceeds are being used for business expansion.
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This is quite rare in the Indian market, where most IPOs include an offer for sale (OFS), allowing promoters or early investors to sell their stakes and cash out. Hyundai India’s recent IPO and LG India’s upcoming offering followed this approach. But MobiKwik has decided to reinvest every penny into growth, making this a standout move.
MobiKwik’s two pillars: Payments vs financial services
MobiKwik’s business rests on two key pillars: its payments business and its financial services arm. Each has its own unique role, but one is clearly outpacing the other in driving growth.
The payments business is what most of us know MobiKwik for. It earns fees from merchants whenever users make purchases using MobiKwik’s wallet, UPI, MobiKwik-issued card, or even through buy-now-pay-later (BNPL) or EMI products. On the other hand, the financial services business revolves entirely around lending, primarily through products like MobiKwik ZIP and MobiKwik ZIP EMI, which allow users to buy now and pay in instalments.
Here’s where it gets interesting: If you dive into the data from MobiKwik’s draft red herring prospectus (DRHP), it’s clear that the financial services arm is now the star of the show. Its revenue has skyrocketed from ₹97.6 crore in FY22 to ₹557.8 crore in FY24—a stunning 5.7x growth in just two years.
Meanwhile, the payments business tells a different story. Revenue has actually declined from ₹428.9 crore in FY22 to ₹317.1 crore in FY24. The numbers leave little doubt: MobiKwik is increasingly betting on its financial services business for future growth.
How does the MobiKwik platform work?
The success of MobiKwik’s business model depends on two things:
- The number of users on the platform (both individuals and merchants).
- How many products these users adopt.
For consumers, MobiKwik doesn’t rely on hefty fees. Occasionally, it charges convenience fees, but these are kept competitive to prevent users from jumping to other platforms. The real value for MobiKwik lies in its UPI offerings, which act as a gateway to onboard new users.
However, competition is fierce. For example, in November alone, MobiKwik processed around 17 million UPI transactions worth ₹3,000 crore. While that sounds impressive, consider this: PhonePe processed a jaw-dropping 7,400 million transactions worth ₹10 trillion in the same period. The gap is enormous, and bridging it won’t be easy.
The merchant side of the equation
MobiKwik’s payments business can also grow by enabling more merchants to accept payments through its platform. This is where things get strategic. Merchants pay an MDR (merchant discount rate) for processing transactions, and MobiKwik has taken active steps to onboard more merchants, even reducing charges to make the platform more attractive.
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Currently, over four million merchants use MobiKwik for payment processing, and the number of active merchants continues to rise. But here’s the challenge: The payments space is dominated by players like PhonePe and Google Pay, who have already captured the mass market. Chipping away at their market share or significantly boosting revenue from payments alone seems like an uphill battle.
The revenue numbers reflect this reality: Payments revenue isn’t growing. This is why MobiKwik is leaning heavily on its financial services business to drive the next wave of growth.
MobiKwik’s moat: Leveraging payments for financial services growth
MobiKwik is doubling down on its biggest strength: Its vast distribution network. With over 150 million individual users and four million merchants, the company is leveraging its payments business to offer financial services—and this could be the key to unlocking massive growth.
The standout product driving this strategy is credit. MobiKwik offers two popular lending products:
MobiKwik ZIP: Short-term loans (up to 30 days) with smaller ticket sizes ranging from ₹1,000 to ₹60,000.
MobiKwik ZIP EMI: Longer-term loans (3 to 24 months) with higher ticket sizes between ₹10,000 and ₹2,00,000.
Thanks to these products, MobiKwik’s loan book has already reached an impressive ₹2,383 crore as of FY24. And there’s potential for this to double in the next two years.
How?
The company plans to invest ₹150 crore to expand its lending business by funding the mandatory loss default guarantee (LDG). This guarantee, which is 5% of the loan book, acts as a safeguard for lenders in case borrowers default. If the entire ₹150 crore is allocated, MobiKwik could grow its loan book by another ₹3,000 crore ( ₹150 crore/5%).
That’s solid growth potential if executed well.
The tier-2 and tier-3 push: A smart strategy
MobiKwik is also making a big play in tier-2 and tier-3 cities, where it already has significant traction. Around 55% of its users and 35% of its merchants come from these segments.
Expanding in these cities makes a lot of sense for a few reasons:
Lower customer acquisition costs (CAC): Unlike tier-1 cities, where competition is fierce and costly, acquiring users and merchants in smaller cities is more efficient. Concentrated efforts and on-ground teams help keep costs low while boosting the platform’s reach.
Repeat business is key: For a platform like MobiKwik, the more products a user engages with, the better. And MobiKwik’s data shows they’re doing this well. Over 80% of MobiKwik ZIP users return to use the product again. This high repeat rate indicates trust—a critical factor in the lending business.
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When users trust the platform, they’re more likely to explore additional financial products. This increases revenue per user while simultaneously reducing acquisition costs as MobiKwik gets more value from existing users.
The power of operating leverage
MobiKwik’s business model thrives on operating leverage—a concept where costs stay relatively fixed as revenues grow. By offering more financial services to an increasing number of users, MobiKwik can significantly boost its profitability per user without a proportionate increase in costs.
Here’s how it works:
- Acquire users through cost-effective channels like payments.
- Introduce them to credit products like MobiKwik ZIP and ZIP EMI.
- Build trust through seamless experiences, ensuring high repeat rates.
- Scale the number of users and merchants, especially in less competitive markets.
This approach creates a virtuous cycle: more users, higher activation rates, and greater revenue per user.
Keeping it simple: Happy users, long-term growth
At its core, MobiKwik’s strategy is straightforward—acquire users, earn their trust, and keep offering them valuable financial products. The trust factor is critical, especially in lending, and MobiKwik has demonstrated it can retain and grow its user base.
By expanding in tier-2 and tier-3 cities and doubling down on financial services, MobiKwik is setting itself up for sustainable growth in a way that plays to its strengths.
Still betting on payments: Is MobiKwik late to the game?
MobiKwik is making a push to grow its payments business by adding value-added services and finding new ways to deepen its reach—beyond UPI. Their strategy? Expanding the use of EDC machines and soundboxes.
The company has announced plans to roll out over 25,000 EDC (electronic data capture) machines and 600,000 soundboxes to merchants. These devices are designed to make payment acceptance more seamless and efficient for merchants.
Why is MobiKwik focused on this now?
The idea is simple: more merchants using MobiKwik’s payment infrastructure means more growth opportunities. When merchants adopt EDC machines or soundboxes, they strengthen their relationship with the platform and create an entry point for additional services, like merchant loans and credit.
But there’s a catch. MobiKwik might be a little late to the party.
The competition: Paytm’s lead in soundboxes
Paytm has already established itself as a dominant player in this space, with seven million soundboxes in operation. Compared to that, MobiKwik’s planned rollout of 600,000 soundboxes seems modest. This raises the question: Can MobiKwik catch up in a market where players like Paytm have already set a high bar?
While the gap is significant, it’s not impossible to bridge. If MobiKwik can execute this strategy effectively, it could open up two critical opportunities:
Merchant lending: More payment acceptance devices mean stronger relationships with merchants, which can be leveraged for lending products like working capital loans.
Increased user adoption: A larger network of merchants accepting MobiKwik payments could lead to more users engaging with the platform. This would increase the cross-sell potential for other financial products.
Can MobiKwik deliver returns for investors?
MobiKwik’s IPO, with a valuation target of ₹2,200 crore, has drawn significant interest from investors. To put this in perspective, the company’s current revenue stands at ₹874 crore, with projections to close the year around ₹1,250 crore—a growth of over 40%. While this is impressive, investors should note that MobiKwik isn’t profitable yet, meaning any returns will depend on how effectively it can capitalize on its existing strengths and future opportunities.
Compared to its peers, the valuation has potential.
Paytm, a similar player in India, trades at a price-to-sales (P/S) ratio of 6, reflecting its scale and higher revenue generation. Globally, companies like PayPal trade at a P/S ratio of around 4. By this measure, MobiKwik’s valuation with P/S of 2.5x, leaves room for immediate returns, but its ability to grow quickly and efficiently will be the ultimate deciding factor.
For more such analysis, read Profit Pulse.
One of the most promising growth drivers is MobiKwik’s lending business, which leverages its extensive user and merchant base.
Products like loans against mutual funds (LAMF) are particularly interesting. LAMF is a secured lending product where mutual fund investments act as collateral for a revolving overdraft facility. Unlike unsecured loans, LAMF doesn’t require a default loss guarantee, making it a more scalable and efficient product. With India’s total mutual fund assets under management (AUM) exceeding ₹60 trillion, the potential for growth is immense. As of FY24, the total credit outstanding for such products stood at ₹70,000 crore, highlighting the opportunity for MobiKwik to carve out a significant share.
Beyond lending, MobiKwik has the potential to expand into other financial services, such as distribution of investment products. They are already doing it but one good product can change the direction entirely.
The foundation for success has already been laid.
With over 150 million users and four million merchants, MobiKwik has built a large, low-cost distribution network. Now, the focus shifts to monetizing this base by cross-selling financial products and scaling its lending offerings. Efficient execution will be key, as the company aims to roll out new products without incurring massive marketing expenses. This operating leverage, where revenues grow faster than costs, will be crucial for long-term profitability.
For readers, the premium MobiKwik commands hinges on how quickly and effectively it can execute its growth plans. The company has the infrastructure and user base to succeed, but the real challenge lies in turning those assets into sustainable and scalable revenue streams. If it can deliver on this promise, and that’s a big if, the stock could potentially gain significantly. However, as with any growth story, the proof will be in the execution.
Note: For this article, we have relied on data from the DRHP and industry reports. We have used our assumptions for forecasting.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only. The views expressed are my own and do not reflect or represent the views of my present or past employers.
Parth Parikh has over a decade of experience in finance and research, and he currently heads the growth and content vertical at Finsire. He has a keen interest in Indian and global stocks and holds an FRM Charter along with an MBA in Finance from Narsee Monjee Institute of Management Studies. Previously, he has held research positions at various companies.
Disclosure: The writer and his dependents do not hold the stocks discussed in this article.
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https://www.livemint.com/market/stock-market-news/mobikwik-ipo-payments-financial-services-lending-to-merchants-upi-soundboxes-paytm-loan-book-lending-business-11734325703350.html
| 2024-12-16T06:31:49Z
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The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.
Federal prosecutors in Brooklyn last month unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy , a subsidiary of his Adani Group conglomerate, and then misleading US investors by providing reassuring information about the company's anti-corruption practices.
Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy.
Five people affiliated with Azure Power Global, a formerly-US-listed company also allegedly involved, were charged with conspiracy to violate the Foreign Corrupt Practices Act (FCPA).
Azure has said it had cooperated with the investigation and that those charged were no longer with the company. Adani Group has called the allegations "baseless" and vowed to seek "all possible legal recourse."
Gautam Adani is not in custody. He has made at least two public appearances in India since the indictment, including at a Dec. 9 event also attended by Prime Minister Narendra Modi.
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According to the indictment, prosecutors found ledgers of the alleged payments on Sagar Adani's cellular phone, which they called "bribe notes." Prosecutors also said Gautam Adani emailed himself a copy of a search warrant and grand jury subpoena the FBI had served on his nephew on March 17, 2023.
Those electronic records could be important pieces of evidence for prosecutors to try to prove that Sagar Adani and Gautam Adani knew they misled investors by failing to disclose the investigation and insisting they had strong anti-corruption practices when in fact they had paid bribes, experts said.
"The allegations include references to corroborating material, and that always provides for a stronger case," said Stephen Reynolds, a former federal prosecutor and current partner at law firm Day Pitney.
To be sure, prosecutors may face challenges. Gautam Adani could argue that he was not personally involved in crafting the statements the company made to investors about its anti-bribery practices, said Paul Tuchmann, a former federal prosecutor in Brooklyn and now a partner at law firm Wiggin & Dana.
Prosecutors may also struggle to secure live testimony from witnesses in India because the process could require assistance from New Delhi, and the government may be reluctant to facilitate testimony that could paint Indian officials in an unfavorable light, said Mark Cohen, a former federal prosecutor in Brooklyn and current partner at law firm Cohen & Gresser.
India's foreign ministry on Friday referred to a Nov. 29 statement in which it said it had not received any request on the case from Washington, and called the case a matter between private firms and the US Justice Department.
The US Justice Department declined to comment on whether the United States had asked India to extradite Gautam Adani.
'Play by the rules'
Both Adani Group and Adani himself have recently made public statements emphasizing that the conglomerate's executives had not been charged with violating the FCPA.
Conspiracy to violate the FCPA is punishable by up to five years behind bars. The fraud charges Gautam Adani and the other Adani Group defendants face are each punishable by up to 20 years in prison.
Drew Rolle, the deputy chief of the business and securities fraud section at the Brooklyn US Attorney's office, said his office had a responsibility to protect the integrity of US capital markets.
The office has secured a number of convictions in foreign bribery cases with US connections. In August, jurors found Mozambique's former finance minister guilty on fraud and money laundering conspiracy charges for embezzling loan proceeds he had told banks were destined for economic development projects.
Rolle said honest companies are harmed when firms like Adani's allegedly mislead investors.
"It's not only a bribery case, it's an important securities enforcement case," he said at a Dec. 6 conference in New York hosted by the Practicing Law Institute. "If you're going to access our capital markets, you're going to play by the rules."
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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https://www.business-standard.com/companies/people/us-case-against-gautam-adani-strong-but-extradition-unlikely-experts-124121600323_1.html
| 2024-12-16T06:31:49Z
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Adverum Biotechnologies, Inc. (NASDAQ:ADVM – Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 1,360,000 shares, a decline of 11.1% from the November 15th total of 1,530,000 shares. Approximately 11.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 221,300 shares, the short-interest ratio is presently 6.1 days.
Adverum Biotechnologies Stock Down 6.1 %
Shares of NASDAQ ADVM opened at $5.37 on Monday. Adverum Biotechnologies has a 12 month low of $5.36 and a 12 month high of $29.70. The company has a market cap of $111.70 million, a price-to-earnings ratio of -0.90 and a beta of 0.91. The business has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $7.20.
Adverum Biotechnologies (NASDAQ:ADVM – Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The biotechnology company reported ($1.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.20) by ($0.10). The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. As a group, sell-side analysts expect that Adverum Biotechnologies will post -4.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
ADVM has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Adverum Biotechnologies from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of Adverum Biotechnologies in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Adverum Biotechnologies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.83.
View Our Latest Stock Analysis on ADVM
About Adverum Biotechnologies
Adverum Biotechnologies, Inc, a clinical-stage company, develops gene therapy product candidates to treat ocular diseases. Its lead product candidate is ixoberogene soroparvovec (ADVM-022), a single intravitreal injection gene therapy candidate used for the treatment of patients with wet age-related macular degeneration and diabetic macular edema which is in phase 2 clinical trials.
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https://www.tickerreport.com/banking-finance/12746778/adverum-biotechnologies-inc-nasdaqadvm-short-interest-update.html
| 2024-12-16T06:31:49Z
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PICS: Jessica Michibata @ Korean GP
Jenson Button's girlfriend Jessica Michibata was seen during the practice session of the Korean F1 Grand Prix in Yeongam.
Jenson Button's girlfriend Jessica Michibata was seen during the practice session of the Korean F1 Grand Prix in Yeongam.
Jessica Michibata (L), girlfriend of McLaren Formula One driver Jenson Button, looks on during the first practice session of the Korean F1 Grand Prix at the Korea International Circuit in Yeongam October 4, 2013. (Photo: Reuters)
Jessica Michibata, girlfriend of McLaren Formula One driver Jenson Button, is seen in the garage during the first practice session of the Korean F1 Grand Prix at the Korea International Circuit in Yeongam October 4, 2013. (Photo: Reuters)
Jessica Michibata, girlfriend of McLaren Formula One driver Jenson Button, stands in the garage during the second practice session of the Korean F1 Grand Prix at the Korea International Circuit in Yeongam October 4, 2013. (Photo: Reuters)
Jessica Michibata, girlfriend of McLaren Formula One driver Jenson Button, arrives for the first practice session of the Korean F1 Grand Prix at the Korea International Circuit in Yeongam October 4, 2013. (Photo: Reuters)
Jessica Michibata (3rd L), girlfriend of McLaren Formula One driver Jenson Button, looks on during the first practice session of the Korean F1 Grand Prix at the Korea International Circuit in Yeongam October 4, 2013. (Photo: Reuters)
Jenson Button of Great Britain and McLaren and his girlfriend Jessica Michibata and his father John Button arrive in the paddock during previews for the Korean Formula One Grand Prix at Korea International Circuit on October 3, 2013 in Yeongam-gun, South Korea. (Photo: Getty Images)
Jenson Button of Great Britain and McLaren and his girlfriend Jessica Michibata arrive in the paddock during previews for the Korean Formula One Grand Prix at Korea International Circuit on October 3, 2013 in Yeongam-gun, South Korea. (Photo: Getty Images)
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https://www.indiatimes.com/sports/motorsport/pics-jessica-michibata-at-korean-grand-prix-105130.html
| 2024-12-16T06:31:49Z
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- Michael Hastings is chair of SOAS University of London and professor of leadership at Utah State University.
- He urged business leaders to "grab" the issue of forced migration and help refugees and asylum seekers gain access to education and work.
- Hastings, a House of Lords Peer in the U.K., said the British government needs to work out where migrants who cross the channel in small boats are coming from and invest in peacemaking.
Hiring, educating, and housing refugees and asylum seekers is the "next big challenge" for businesses, according to a longtime leadership professor and UNICEF vice president.
"The big, ugly elephant in the room is migration. Over 120 million people now have migrated from one place they lived in to another place they're existing in, often as refugees or as migrants seeking asylum or trying to get established this movement of people," said Michael Hastings, referring to U.N. figures on forcibly displaced people.
Hastings urged business leaders to "grab" the issue and ask themselves: "How are we going to provide education and employment, legal services, establishment and housing, dignity for the young prospects, for women?" he said, speaking to CNBC's Tania Bryer.
Low- and middle-income countries host 75% of the world's refugees, and around two-thirds of refugees live in poverty, according to the European Commission.
Hastings has advocated for underrepresented groups throughout his career, and his current roles include chairman of SOAS University of London (formerly the School of Oriental and African Studies) and professor of leadership at Utah State University.
Hastings praised business leaders for taking on the challenge of climate change by reducing their carbon emissions and use of single-use plastics, but said they needed to go further. "The corporate world is missing the next big challenge. Yes, climate is a big deal. We've grabbed it, but migration is the next big thing. We need to grab that one too," he said.
Money Report
Around the world, most refugees (73%) come from five countries: Afghanistan, Sudan, Syria, Ukraine and Venezuela, according to the European Commission, leaving their homes because of conflict, violence or disasters such as floods.
"People are losing their lives, desperate to find another future," Hastings said, describing people trying to cross the Mediterranean Sea, the Mexico-U.S. border and the English Channel.
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Hastings, who is a House of Lords peer in the U.K., said the British government needs to work out where migrants who cross the channel in small boats are coming from.
"You've got to ask, why are they coming here?" he said. "Let's go back to the source of the supply and genuinely invest in prospects and futures in peacemaking," he said. "This is a European-wide problem. It's a North American problem. It's a development world problem."
Having previously taken on corporate social responsibility and citizenship roles in organizations such as the BBC and KPMG, Hastings is known for a focus on leadership with a purpose. "If somebody has a purpose that drives their thinking and therefore their action, it'll drive your spending, it'll drive your time, it'll drive your emotional commitments. My purpose is to speak up for the poor and to bend the power of the prosperous to the potential of the poor," he said.
Hastings described the role of a leader as "a servant" rather than "a controller." "A leader, more than anything else, has got to be a vulnerable person who knows that the real purpose of a leader is to empower other people to rise," he said.
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https://www.nbcchicago.com/news/business/money-report/the-next-big-thing-for-business-to-tackle-forced-migration-says-leadership-professor/3625064/
| 2024-12-16T06:31:48Z
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Specifications for the 2015 Porsche 911 Carrera 4. Details include engine, fuel usage, interior features, safety and more.
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https://www.whichcar.com.au/specs/2015-porsche-911-carrera-4-991-my16-petrol-2d-cabriolet-3PUUmYY65m
| 2024-12-16T06:31:50Z
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Government's priority is to revive the economy, reduce debt and increase investment following the disastrous state of the economy, said the Prime Minister, Dr Navinchandra Ramgoolam, today, during a press conference held at the New Treasury Building in Port Louis.
He was flanked by the Deputy Prime Minister, Mr Paul Raymond Bérenger; the Minister of Environment, Solid Waste Management and Climate Change, Mr Rajesh Anand Bhagwan; the Minister of Tourism, Mr Christian Harold Richard Duval; and the Minister of Social Integration, Social Security and National Solidarity, Mr Ashok Kumar Subron. Several other Ministers and Junior Ministers were also present.
Dr Ramgoolam gave an overview of the economic situation of the country and pointed out that despite the difficult situation, Government has adopted a targeting approach for the payment of the 14th Month Bonus to employees in the public and private sectors deriving a monthly basic salary of up to Rs 50,000 as well as an award of a monthly salary compensation of 3.7 percent of the National Minimum Wage. He also said that financial support will be provided to SMEs, Export-Oriented Enterprises and enterprises facing financial difficulties for the payment of the 14th Month Bonus and of the salary compensation. He recalled that decision has been taken to reduce the price of Mogas (essence) and Gas oil (diesel) by Rs 5 per litre as from today.
Speaking about the Gross Domestic Product, he indicated that for 2023, it was less than Rs 22 billion and less than Rs 36 billion in 2024. The lack of reliable data has prompted the International Monetary Fund to observe that there is a need to safeguard statistical independence in Mauritius, he deplored. He added that statistics on growth and deficit have been distorted recalling that revenue statistics have been increased to Rs 16,7 billion while expenses statistics have been decreased by Rs 5 billion. As regards the Rupee, he indicated that it continues to depreciate and has lost 46% of its value.
The Head of Government highlighted that public debt has increased significantly adding that parastatal bodies such as the Metro Express Ltd (MEL), the State Trading Corporation, Air Mauritius, the Wastewater Management Authority, the Central Electricity Board, the Central Water Authority, and the National Pensions Fund, amongst others, have billions of debts to repay. Moreover, investments have decreased over the years and scandals at the Silver Bank and the Mauritius Investment Corporation Ltd (MIC) have resulted in an economic crime, he underpinned.
To tackle this situation, Dr Ramgoolam stated that a Fiscal Responsibility Act is needed which will limit debts and establish new spending limits. He emphasised the urgency to have a plan to relaunch the economy otherwise institutions like Moody's can downgrade Mauritius to a "junk" status whereby the country will not have access to loans from other countries.
Speaking about the Chagos issue, the Prime Minister said that he recently had discussions with the Director General, Africa, the Americas and Overseas Territories at the Foreign, Commonwealth & Development Office, Ms Harriet Mathews. He expressed dissatisfaction with the negotiations that the previous Prime Minister had with the United Kingdom as regards Chagos.
For his part, Mr Bérenger said that the economic situation is far worse than what was presented by the Head of Government in Parliament last Tuesday. He mentioned MEL with a debt of Rs 17 billion and the issues at the MIC. He insisted that measures to redress the economy and reduce Government debt are much needed. He also spoke of the need for a Fiscal Responsibility Act and an Independent Fiscal Commission. Furthermore, he pointed out that Government will appeal to friendly countries such as India, USA, UK, China and other partners to revive the economy.
As for Minister Subron, he recalled that the 14th Month Bonus will be paid to beneficiaries of basic pensions and CSG retirement benefit as well as public service pensioners in December 2024. Payment will be effected from 16 to 24 December 2024 at Post Offices and in banks as from 17 December, he indicated. Pensioners will also get an additional Rs 1,000 as from January 2025 which will increase their pension to Rs 15,000, he added.
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https://allafrica.com/stories/202412160075.html
| 2024-12-16T06:31:53Z
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In a nation that is neither embroiled in war nor struck by natural disasters, it is nothing short of an outrage that 63.8 percent of Nigerian households are grappling with severe food insecurity. This is not a natural disaster but a consequence of catastrophic governance. Hunger has become the nation’s silent epidemic, afflicting two-thirds of the population, forcing many into the grim indignity of scavenging for food. This crisis is not a product of circumstance but of the deliberate failure of policy, poor leadership, and a lack of vision.
At the heart of this tragedy lies the administration of President Bola Tinubu. His economic reforms, hailed as bold and transformative, have had disastrous consequences. The removal of the fuel subsidy and the floating of the naira were executed recklessly, without adequate consideration for the social costs. The result: a 70 percent depreciation of the naira, runaway inflation, and food prices surging by a staggering 39.16 percent. The tripling of fuel prices has had a domino effect, pushing transportation and food costs beyond the reach of many Nigerians. Tinubu’s dismissive comment that “there is hope” in the face of this crisis is both hollow and insulting, offering little more than empty words to a population in desperate need of action.
Read also: Hunger: Deliberate policy choices drive starvation in Nigeria; it’s outrageous!
The International Monetary Fund (IMF) had warned that these reforms needed careful planning and sequencing to mitigate the inevitable pain. Tinubu’s government ignored this crucial advice, implementing multiple harsh measures in tandem without the necessary safeguards. The finance minister, Wale Edun, claims that these reforms will save $20 billion—yet Nigerians have yet to see any evidence of this windfall being reinvested to alleviate the suffering caused by the very policies the government has implemented.
Comparing Nigeria to other African nations, the failure of leadership becomes starkly apparent. South Africa, for instance, has successfully lifted millions out of poverty through a comprehensive social safety net, with nearly 47 percent of its population receiving welfare grants. In contrast, Nigeria—a nation that prides itself as the “Giant of Africa”—has no meaningful safety net for its citizens. Official figures show that 133 million Nigerians were multidimensionally poor in 2022, a number that has likely worsened under the current administration.
“The tripling of fuel prices has had a domino effect, pushing transportation and food costs beyond the reach of many Nigerians.”
The state of Nigeria’s economy is further obscured by misleading statistics. While the National Bureau of Statistics (NBS) claims an unemployment rate of 4.3 percent, this figure is woefully detached from reality. The real unemployment rate hovers around 40 percent, while inflation remains a staggering 33.88 percent. These figures combine to form the ‘misery index,’ which underscores the ineffectiveness of policies that have pushed millions into further deprivation.
Nigeria’s agricultural sector, which employs 40 percent of the workforce, offers little respite. Smallholder farmers, who produce the majority of the nation’s food, face immense challenges, from inadequate mechanisation to the devastating impacts of climate change. The government’s neglect of the sector only exacerbates these difficulties. Tinubu’s promise of duty-free food imports, intended to ease food shortages, has yet to materialise, further aggravating the crisis.
To address the hunger crisis, Nigeria must take immediate action. A robust social safety net must be established to support the poor and vulnerable. The government must also lift all restrictions on food imports to stabilise supply and prices. However, these measures alone will not suffice. They must be part of a larger, more strategic commitment to governance that places the welfare of Nigerians at the forefront, rather than relying on ill-conceived economic experiments.
Hunger in Nigeria is not inevitable—it is the result of poor choices made by those in power. The government has failed its people, and Nigerians are paying the price. It is time for a fundamental shift in leadership, one that prioritises human dignity and ensures that no Nigerian goes to bed hungry. This requires a government that is accountable to its citizens, responsive to their needs, and committed to inclusive growth.
Read also: Nigeria Senate seeks to criminalise corn exports to tackle hunger
A new leadership must prioritise investments in agriculture, ensuring that farmers have access to quality seeds, fertilisers, and modern farming techniques. Strengthening social safety nets, such as expanding access to food assistance programmes and providing targeted support to vulnerable populations, is crucial. Furthermore, investing in education and skills development will empower individuals to escape poverty and contribute to a more prosperous nation.
The stakes could not be higher, and the need for urgent action has never been more pressing. The future of Nigeria depends on its ability to address this crisis effectively. By prioritising the well-being of its citizens and implementing policies that promote inclusive growth and sustainable development, Nigeria can emerge from this crisis stronger and more resilient.
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https://businessday.ng/editorial/article/the-hunger-crisis-in-nigeria-tells-a-different-story/
| 2024-12-16T06:31:54Z
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