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762297

nan

ETF Daily News

MarketBeat News

Windward (LON:WNWD) Reaches New 1-Year High at $80.00

Windward Ltd. (LON:WNWD – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 80 ($1.01) and last traded at GBX 76 ($0.96), with a volume of 39728 shares changing hands. The stock had previously closed at GBX 73 ($0.92). Wall S…

https://www.etfdailynews.com/2023/11/29/windward-lonwnwd-reaches-new-1-year-high-at-80-00/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/windward-ltd-logo.png?v=20220331074658&w=240&h=240&zc=2

2023-11-29 13:08:46

Windward Ltd. (LON:WNWD – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 80 ($1.01) and last traded at GBX 76 ($0.96), with a volume of 39728 shares changing hand… [+1245 chars]

Finance

Windward Ltd. (LON:WNWD–Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 80 ($1.01) and last traded at GBX 76 ($0.96), with a volume of 39728 shares changing hands. The stock had previously closed at GBX 73 ($0.92). Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 115 ($1.45) target price on shares of Windward in a research report on Thursday, October 12th. View Our Latest Research Report on Windward Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe firm has a market capitalization of £68.45 million and a P/E ratio of -557.14. The stock has a 50 day moving average of GBX 66.67 and a 200-day moving average of GBX 55.10. (Get Free Report) Windward Ltd. operates as a predictive intelligence company in Israel and internationally. It fuses artificial intelligence (AI) and maritime expertise to digitalize the maritime industry. The company's AI-powered software solution provides real time, predictive intelligence-driven decisions, a 360° view of the maritime ecosystem, and its impact on safety, security, finance, and business.

762302

nan

GlobeNewswire

ENEFIT GREEN AS

Enefit Green sells district heating businesses in Paide and Valka

According to the purchase and sale agreement signed today, Enefit Green sells the district heating businesses of Paide and Valka in Estonia and Latvia to the largest district heating company in Estonia, Utilitas. Consent of the Estonian and Latvian competitio…

https://www.globenewswire.com/news-release/2023/11/29/2787478/0/en/Enefit-Green-sells-district-heating-businesses-in-Paide-and-Valka.html

https://ml-eu.globenewswire.com/Resource/Download/a7c2edda-51b4-4851-b968-261249123dc1

2023-11-29 07:00:00

According to the purchase and sale agreement signed today, Enefit Green sells the district heating businesses of Paide and Valka in Estonia and Latvia to the largest district heating company in Eston… [+3213 chars]

Finance

According to the purchase and sale agreement signed today, Enefit Green sells the district heating businesses of Paide and Valka in Estonia and Latvia to the largest district heating company in Estonia, Utilitas. Consent of the Estonian and Latvian competition authorities is required for the transaction to enter into force. "We wish to keep the focus on Enefit Green's strategic business direction, which is to increase the share of wind and solar energy in the Baltics and Poland. As of today, we are already the largest wind energy producer in the Baltics and have successfully expanded the production of solar energy in recent years. We have a strong short- and long-term development portfolio, which we will focus on going forward. We thank the teams of Paide and Valka for their contribution and are confident that the Utilitas team will receive a valuable addition," explained Innar Kaasik, Member of the Management Board and Production Manager of Enefit Green. "As the largest district heating company in Estonia, we see that both Paide and Valka fit very well into our district heating portfolio with their district heating systems based on renewable sources. These assets have been constantly invested in, they are well managed and in good condition. It is a great pleasure that we will have the opportunity to provide services in these cities in the future," said Robert Kitt, head of district heating companies at Utilitas. In Paide, the object of the transaction is a district heating business unit, the assets of which include a cogeneration plant (built in 2015), a biomass boiler house, a reserve boiler house and a solar farm. The business unit has 21 employees, and thermal energy is sold to 226 buildings. Valka's district heating business includes a cogeneration plant and reserve boiler houses built in 2012. There are 10 employees in the company and the city of Valka sells thermal energy to customers. The value of the transaction on a cash- and debt-free basis is 15.8 million euros. From the point of view of the employees, customers and partners of the district heating businesses of Paide and Valka, there will be no immediate change. Upon the transfer of assets, the companies will continue their existing activities as part of the Utilitas Group. All services will continue to be provided, and all employees of the companies will be transferred to the Utilitas Group. Enefit Green was advised by LHV as financial advisor, KPMG conducted financial due diligence and TGS Baltic acted as the legal adviser. Utilitas was advised by Superia Corporate Finance and law firm Triniti. Further information:Sven KunsingHead of Finance Communicationsinvestor@enefitgreen.eehttps://enefitgreen.ee/en/investorile/ Enefit Green is one of the leading diversified renewable energy producers in the Baltic Sea area. The Company wind farms in Estonia and Lithuania, cogeneration plants in Estonia and Latvia, solar farms in Estonia and Poland, a pellet plant in Latvia and a hydroelectric plant in Estonia. In addition, the Company is developing several wind and solar farms in the mentioned countries and Finland. As of the end of 2022, the Company had a total installed electricity production capacity of 457 MW and a total installed heat production capacity of 81 MW. During 2022, the Company produced 1,118 GWh of electricity, 565 GWh of heat energy and 154 thousand tonnes of wood pellets.

762310

nan

ETF Daily News

MarketBeat News

Amsc Asa (OTCMKTS:ASCJF) Sees Large Increase in Short Interest

Amsc Asa (OTCMKTS:ASCJF – Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 24,900 shares, a growth of 80.4% from the October 31st total of 13,800 sh…

https://www.etfdailynews.com/2023/11/29/amsc-asa-otcmktsascjf-sees-large-increase-in-short-interest/

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2023-11-29 12:20:41

Amsc Asa (OTCMKTS:ASCJF – Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 24,900 shares… [+1328 chars]

Finance

Amsc Asa (OTCMKTS:ASCJF–Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 24,900 shares, a growth of 80.4% from the October 31st total of 13,800 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 3.2 days. Separately, DNB Markets lowered Amsc Asa from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Get Our Latest Report on Amsc Asa Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofASCJF stockopened at $2.64 on Wednesday. The business’s fifty day moving average price is $3.07 and its 200 day moving average price is $3.54. Amsc Asa has a 1-year low of $1.85 and a 1-year high of $4.60. (Get Free Report) AMSC ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. The company purchases and bareboat charters out vessels to operators and end users. It operates a fleet of nine product tankers, one shuttle tanker, and one subsea construction vessel. The company was formerly known as American Shipping Company ASA and changed its name to AMSC ASA in October 2022.

762317

abc-news

ABC News

DANIEL POLITI Associated Press, JOSH BOAK Associated Press

Argentina's president-elect tells top Biden officials that he's committed to freedom

Argentina’s President-elect Javier Milei met Tuesday with senior Biden administration officials at the White House

https://abcnews.go.com/US/wireStory/argentinas-president-elect-tells-top-biden-officials-committed-105226516

2023-11-29 00:06:31

WASHINGTON -- WASHINGTON (AP) Argentinas President-elect Javier Milei met Tuesday with senior Biden administration officials at the White House in his first international trip since winning a preside… [+2443 chars]

Finance

WASHINGTON --WASHINGTON (AP) — Argentina’s President-elect Javier Milei met Tuesday with senior Biden administration officials at the White House in his first international trip since winning a presidential runoff earlier this month. The right-wing Milei had a “positive meeting” with White House national security adviser Jake Sullivan, the president-elect's office said in a statement. The visit by Argentina's incoming leader occurred while President Joe Biden was away from Washington at a memorial for former first lady Rosalynn Carter in Georgia and then traveling to Colorado. The statement from Milei's office said he had expressed “his views on the international geopolitical agenda aligned with the West and his commitment to the values of freedom.” It added that Sullivan, speaking on behalf of the administration, ”conveyed the willingness of the United States to cooperate in the transition of the incoming Argentine government, given the challenging political, economic and social circumstances that the country is facing.” The White House issued a statement saying that Sullivan and Milei discussed economic issues and “shared priorities such as investing in technology and clean energy, advocating for human rights, and standing up for democracies around the world.” Also attending the meeting on behalf of the Biden administration were Juan Gonzalez, the National Security Council’s senior director for the Western hemisphere, Brian Nichols, U.S. assistant secretary of state for Western Hemisphere affairs, and U.S. Ambassador to Argentina Marc Stanley, according to the statement by Milei's office. Milei made other stops in Washington. On Tuesday, he posted on Instagram a picture of himself and aides at the Lincoln Memorial. Milei, a libertarian, resoundingly won a Nov. 19 presidential runoffelection. He is an economist who admires former U.S. President Donald Trump, and he has called for deep cuts in spending as a way to reduce Argentina’s red-hot inflation that is currently running at an annual rate of 143%. He also wants to replace Argentina's peso with the U.S. dollar as the national currency. Milei takes office Dec. 10. Luis Caputo, a former finance minister who is being talked about as possible economy minister in the incoming administration, and Nicolas Posse, a close ally of Milei who is seen as likely Cabinet chief, also had a sit-down with officials at the International Monetary Fund. Milei's aides also met with U.S. Treasury Department officials. The IMF said in a statement that Milei's aides “discussed the country's complex challenges and plans for urgently strengthening stability and setting the basis for more sustainable growth.” The IMF has a loan program providing $44 billion to Argentina to help improve its governance and economic growth. ___ AP writer Paul Wiseman contributed to this report. Politi reported from Buenos Aires.

762334

the-times-of-india

The Times of India

ETMarkets.com

GIFT Nifty up 9 points; here's the trading setup for today's session

The net short position of FIIs reduced from Rs 1.30 lakh crore on Friday to Rs 1.28 lakh crore on Tuesday.

https://economictimes.indiatimes.com/markets/stocks/news/gift-nifty-up-25-points-heres-the-trading-setup-for-todays-session/articleshow/105570854.cms

2023-11-29 01:31:00

Domestic equities were positive on Tuesday despite mixed global cues. The market is eagerly awaiting state exit polls for further cues in the short-term."Mining stocks will remain in focus as the gov… [+2733 chars]

Finance

Shutterstock.com Foreign portfolio investors were net buyers at Rs 783 crore on Tuesday. DIIs bought shares worth Rs 1324 crore. Domestic equities were positive on Tuesday despite mixed global cues. The market is eagerly awaiting state exit polls for further cues in the short-term. "Mining stocks will remain in focus as the government plans to launch its first tranche auction of 20 blocks of critical and strategic minerals on Wednesday. Auto stocks are likely to remain in limelight amid strong volume sales data for OEM in the month of November due to buoyant festive demand," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 23 points, or 0.11 per cent, at 20,150.50, signaling that Dalal Street was headed for positive start on Wednesday. Tech View: a sustainable move above 19900 levels could result in Nifty zooming towards new all-time highs in a quick period of time. Any dips from here could find support around 19800-19750 levels, said Nagaraj Shetti of HDFC Securities. India VIX: India VIX, which is a measure of the fear in the markets, rose 7.16% to settle at 12.18 levels. US stocks up U.S. stocks ended with modest gains on Tuesday as investors parsed conflicting remarks from Federal Reserve officials, with upbeat consumer data providing some lift. Dow up 0.24%, S&P rises 0.10%, Nasdaq gains 0.29% Asian stocks mixed Stocks in Asia look poised for a mixed session. Australia’s benchmark rose after monthly inflation gauge snapped two months of acceleration in October, bolstering the case for the Reserve Bank to resume pausing interest rates next week. S&P 500 futures rose 0.1% as of 10:15 a.m. Tokyo time. The S&P 500 rose 0.1% Nasdaq 100 futures rose 0.1%. The Nasdaq 100 rose 0.3% Japan’s Topix fell 0.4% Hang Seng futures fell 1% Australia’s S&P/ASX 200 rose 0.5% Euro Stoxx 50 futures were little changed Oil rises Oil prices rose on Wednesday as a storm in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising fears of supply tightness, while investors awaited a crucial decision by OPEC+, which may deepen or extend output cuts. Stocks in F&O ban today 1) Balrampur Chini Mills 2) BHEL 3) Indiabulls Housing Finance 4) Granules Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. FII/DII action Foreign portfolio investors were net buyers at Rs 783 crore on Tuesday. DIIs bought shares worth Rs 1324 crore. Rupee The Indian rupee closed slightly higher at 83.35 on Tuesday, supported by foreign banks' dollar sales and softness in the greenback, which is hovering close to 3-month lows. F&O data The net short position of FIIs reduced from Rs 1.30 lakh crore on Friday to Rs 1.28 lakh crore on Tuesday. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on Nifty today GIFT Nifty US stocks Asian shares indiabulls housing finance bhel balrampur chini mills (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

762341

the-times-of-india

The Times of India

Mediawire

upGrad in FY 23 doubles Revenue - loss remains the same

While Gross Revenue came in at INR 1530 Crore - adjusted for IndAS upGrad recorded a revenue of INR 1,194 Crore for FY23, a 96% jump from the previous financial year of INR 608 Crore

https://economictimes.indiatimes.com/news/company/corporate-trends/upgrad-in-fy-23-doubles-revenue-loss-remains-the-same/articleshow/105590428.cms

2023-11-29 09:20:00

Current Oct-Dec Quarter tracks 100% YoY growth & a break-even quarter Mumbai, 29th November 2023: One of Asias largest integrated learning, skilling & workforce development majors upGrad mov… [+3314 chars]

Finance

Current Oct-Dec Quarter tracks 100% YoY growth & a break-even quarter Mumbai, 29th November 2023: One of Asia’s largest integrated learning, skilling & workforce development majors upGrad moved to the widely accepted IndAS accounting standard in line with its longer-term listing plans. While Gross Revenue came in at INR 1530 Crore - adjusted for IndAS upGrad recorded a revenue of INR 1,194 Crore for FY23, a 96% jump from the previous financial year of INR 608 Crore. On an ARR basis, the Revenue would have been higher as some of the M&As did not consolidate for the full financial year of FY23. Due to the realignment of revenues, upGrad carried forward a further deferred collected revenue of INR 443 crore into the next year. The adjusted EBITDA loss (operating cash loss) came in at INR 558 Crore, around the same as the previous year of INR 572 Crore. The Non-Cash expenses in FY23 included accelerated goodwill write-down of INR 410 Crore and depreciation and amortization costs of INR 140 Crore. The finance cost was INR 34 Crore, totalling other non-cash costs of INR 584 Crore. So, the EBITDA loss, the non-cash expenses and finance costs took the total PAT to a loss of INR 1142 Crore, up from INR 648 Crore in the previous financial year. Notable changes in the large cost items showed a sharp reduction in Marketing costs to 19% (INR 371 Crore) of total costs vs the previous year's 33% (INR 403 Crore). Employee costs remained the highest contributor at 36% amounting to INR 707 Crore, which also included some non-cash costs for ESOP accounting as per Black Scholes method. Direct costs have soared 1.8x to INR 382 Crore from INR 211 Crore in the previous year as upGrad continues to invest in content development expenses, content delivery costs & university fees, commensurate with the revenue growth. upGrad is one of the very few new economy companies that did not do material layoffs in the last 12-18 months. The overall learner base of upGrad has crossed 10 million while the paid learners have grown 54% compared to the previous year. upGrad now has a strong enterprise play, having serviced 1110 clients in FY23 and expecting to retain at least 75% of these clients in FY24. The Enterprise arm expanded its global footprint and is projecting a higher share of international revenue of 21% in FY24 compared to 10% in FY23. Delivering outcomes & placements remain at the core focus while servicing consumers and enterprise clients, having helped over 55,000 transitions into better job opportunities in just the last FY. “We are in a very strong place as we build upGrad for the world, out of India. While we respect profitable growth, we aim to strike the right balance as we continue to be in Investment mode with a strong eye on the long term as this space of skilling, careers & job placements, formal learning & workforce development will see massive growth & disruption for the next two decades. Our gross margins are close to 80%; we have zero net debt; and have one of the best ROCE (Return on Capital Employed) ratios for a new-age company, having raised a tight $265 million since inception. We are tracking H2 of FY24 and onward to be operationally profitable on an ongoing basis and we will continue to look for organic, linear, and non-linear opportunities for growth both in Asia and around the world,” said Mayank Kumar Co-founder & MD, upGrad while sharing annual accounts for the year gone by. Disclaimer: Content Produced by upGrad Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Four signals from the OpenAI mess that the government, big tech, and you cannot ignore. Light at the end of the tunnel: Higher plant utilisation sending a current through power stocks How COP28 is set to facilitate syncing of corporate India’s green journey and business trajectory. Wings or Sting? Energy drinks market heats up as Red Bull, PepsiCo jostle to grab a cool share. 3 insights to kick-start your day, featuring Amazon’s India journey Stock Radar: IEX has given breakout from a descending triangle pattern; where is the stock headed? 1 2 3 View all Stories

762343

nan

GlobeNewswire

Galantas Gold Corporation

Galantas Reports Financial Results for the Quarter Ended September 30, 2023

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the ‘Company’) is pleased to announce its unaudited financial results for the Quarter Ended September 30, 2023.

https://www.globenewswire.com/news-release/2023/11/29/2787475/0/en/Galantas-Reports-Financial-Results-for-the-Quarter-Ended-September-30-2023.html

https://ml.globenewswire.com/Resource/Download/d436daf1-5f86-40e4-829f-e676592b2d9b

2023-11-29 07:00:00

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the Company) is pleased to announce its unaudited financial results for the Quarter Ended September 30, 2023. Financial Highligh… [+7058 chars]

Finance

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the ‘Company’) is pleased to announce its unaudited financial results for the Quarter Ended September 30, 2023. Financial Highlights Highlights of the third quarter 2023 results, which are expressed in Canadian Dollars, are summarized below: Sales revenue for the quarter ended September 30, 2023 amounted to $ Nil compared to revenue of $ Nil for the quarter ended September 30, 2022. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenues totalled US$ 333,000 (CAD$ 450,000) and US$ 849,000 (CAD$ 1,148,000) during the three and nine months ended September 30 2023 compared to US $ 183,000 and US$ 329,000 for the three and nine months ended September 30, 2022. Until the mine commences commercial production, the net proceeds from concentrate sales are being offset against development assets. The Net Loss for the quarter ended September 30, 2023 amounted to $ 1,313,355 (2022: $1,555,824) and the cash outflow from operating activities before changes in non-cash working capital for the quarter ended September 30, 2023 amounted to $ 1,088,096 (2022: $ 324,827).  The main difference in the reduction in net loss is due to a reduction in the value attributed to stock based compensation, an increase in financing activities from 2022 and a foreign exchange loss as a result of movement in the CAD$:Stg£ exchange rate. The Company had a cash balance of $ 609,047 at September 30, 2023 compared to $ 3,567,196 at September 30, 2022. The working capital deficit at September 30, 2023 amounted to $ 14,010,771 compared to a working capital deficit of $ 714,865 at September 30, 2022. The detailed results and Management Discussion and Analysis (MD&A) are available onwww.sedar.comandwww.galantas.comand the highlights in this release should be read in conjunction with the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting the business and risk factors. Qualified PersonThe financial components of this disclosure has been reviewed by Alan Buckley (Chief Financial Officer) and the production and permitting components by Brendan Morris (COO), qualified persons under the meaning of NI. 43-101. The information is based upon local production and financial data prepared under their supervision. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including revenues and cost estimates, for the Omagh Gold project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas’ actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas’s forward-looking statements are discussed in greater detail in the section entitled “Risk Factors” in Galantas’ Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law. Enquiries Galantas Gold CorporationMario Stifano – CEOEmail:info@galantas.comWebsite:www.galantas.comTelephone: 001 416 453 8433 Grant Thornton UK LLP (Nomad)Philip Secrett, Harrison Clarke, Enzo Aliaj:Telephone: +44(0)20 7383 5100 SP Angel Corporate Finance LLP (AIM Broker)David Hignell, Charlie Bouverat (Corporate Finance)Grant Barker (Sales and Broking)Telephone: +44(0)20 3470 0470

762346

nan

ETF Daily News

MarketBeat News

Arrow Financial Co. (NASDAQ:AROW) to Issue $0.27 Quarterly Dividend

Arrow Financial Co. (NASDAQ:AROW – Get Free Report) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Investors of record on Friday, December 1st will be paid a dividend of 0.27 per share by the financial services provider on Friday, De…

https://www.etfdailynews.com/2023/11/29/arrow-financial-co-nasdaqarow-to-issue-0-27-quarterly-dividend/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/arrow-financial-co-logo.png?v=20200221143553&w=240&h=240&zc=2

2023-11-29 12:58:41

Arrow Financial Co. (NASDAQ:AROW – Get Free Report) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Investors of record on Friday, December 1st will be paid a dividend of 0.2… [+6267 chars]

Finance

Arrow Financial Co.(NASDAQ:AROW–Get Free Report) declared a quarterly dividend on Wednesday, October 25th,Zacksreports. Investors of record on Friday, December 1st will be paid a dividend of 0.27 per share by the financial services provider on Friday, December 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Thursday, November 30th. Arrow Financial has raised its dividend payment by an average of 4.3% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Arrow Financial has a payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Arrow Financial to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 43.4%. Shares ofNASDAQ AROWopened at $24.77 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $422.58 million, a P/E ratio of 12.24 and a beta of 0.63. Arrow Financial has a 1 year low of $16.65 and a 1 year high of $35.42. The firm has a 50-day simple moving average of $20.41 and a two-hundred day simple moving average of $19.88. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverArrow Financial (NASDAQ:AROW–Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $33.40 million during the quarter, compared to the consensus estimate of $32.64 million. Arrow Financial had a net margin of 18.83% and a return on equity of 9.58%. Research analysts anticipate that Arrow Financial will post 1.82 earnings per share for the current year. Several analysts have issued reports on AROW shares. TheStreet raised shares of Arrow Financial from a “c” rating to a “b-” rating in a research note on Friday, November 10th.StockNews.comstarted coverage on shares of Arrow Financial in a research note on Thursday, October 5th. They set a “sell” rating for the company. Read Our Latest Report on AROW In related news, Director Gary C. Dake purchased 4,800 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was purchased at an average price of $20.58 per share, with a total value of $98,784.00. Following the completion of the purchase, the director now owns 53,467 shares of the company’s stock, valued at approximately $1,100,350.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible throughthis link. In other Arrow Financial news, Director Gary C. Dake acquired 4,800 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average cost of $20.58 per share, with a total value of $98,784.00. Following the completion of the acquisition, the director now directly owns 53,467 shares in the company, valued at approximately $1,100,350.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthis link. Also, Director Colin L. Read acquired 1,876 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of $22.84 per share, for a total transaction of $42,847.84. Following the completion of the acquisition, the director now owns 3,020 shares of the company’s stock, valued at $68,976.80. The disclosure for this purchase can be foundhere. Over the last quarter, insiders purchased 17,662 shares of company stock valued at $378,824. Corporate insiders own 2.91% of the company’s stock. A number of large investors have recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of Arrow Financial by 3.8% during the second quarter. LPL Financial LLC now owns 7,904 shares of the financial services provider’s stock valued at $251,000 after buying an additional 292 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Arrow Financial by 0.3% during the first quarter. First Republic Investment Management Inc. now owns 105,410 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 324 shares during the last quarter. MetLife Investment Management LLC lifted its position in Arrow Financial by 4.5% during the fourth quarter. MetLife Investment Management LLC now owns 7,569 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 328 shares during the period. NBT Bank N A NY lifted its position in Arrow Financial by 3.0% during the third quarter. NBT Bank N A NY now owns 13,338 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 387 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Arrow Financial by 71.9% during the first quarter. Great West Life Assurance Co. Can now owns 944 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 395 shares during the period. 44.90% of the stock is owned by hedge funds and other institutional investors. (Get Free Report) Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects.

762365

the-times-of-india

The Times of India

Reuters

GIFT Nifty sets all-time high single-day turnover of $16.76 bln

Gift Nifty, formerly known as SGX Nifty that traded on the Singapore Exchange's platform, exceeded its previous record single-day trading turnover of $15.25 billion hit on Sept. 26, the exchange said in a statement on Wednesday

https://economictimes.indiatimes.com/markets/stocks/news/gift-nifty-sets-all-time-high-single-day-turnover-of-16-76-bln/articleshow/105596122.cms

2023-11-29 11:56:02

Gift Nifty, a dollar-denominated derivative contract of India's benchmark Nifty 50 index, hit a record single-day trading activity on Tuesday with a turnover of $16.76 billion, the NSE's Internationa… [+684 chars]

Finance

ANI Gift Nifty, a dollar-denominated derivative contract of India's benchmark Nifty 50 index , hit a record single-day trading activity on Tuesday with a turnover of $16.76 billion, the NSE's International Exchange (NSE IX) said. Gift Nifty, formerly known as SGX Nifty that traded on the Singapore Exchange's platform, exceeded its previous record single-day trading turnover of $15.25 billion hit on Sept. 26, the exchange said in a statement on Wednesday. The derivative contract, set up in Gujarat International Finance Tec-City (or GIFT City) in western India, has clocked a total cumulative volume of over 7.87 million contracts and a turnover of $304.07 billion since July 3. It also hit a fresh open interest record worth $13.51 billion on Tuesday. The NSE Nifty 50 index on Wednesday rose 1.04% to 20,096.60 points, settling above the 20,000 mark for the first time since Sept. 18 Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on Finance Index Benchmark Open Turnover (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper and Sensex Today Live . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

762370

the-times-of-india

The Times of India

ET Online

H&M and DBS to collaborate on a green loan programme to facilitate supply chain decarbonisation

H&M Group and DBS are launching a green loan program to support supply chain decarbonization in the apparel sector. The program provides suppliers with financing from DBS and technical support from sustainability consultant Guidehouse for factory upgrades to …

https://economictimes.indiatimes.com/industry/renewables/hm-and-dbs-to-collaborate-on-a-green-loan-programme-to-facilitate-supply-chain-decarbonisation/articleshow/105592088.cms

2023-11-29 10:10:13

H&M Group and DBS will be collaborating on a first-of-its-kind green loan programme which will help facilitate supply chain decarbonisation in the apparel sector, the company said in a statement.… [+1285 chars]

Finance

Reuters H&M Group and DBS have collaborated on a first-of-its-kind green loan programme to facilitate supply chain decarbonisation in the apparel sector, the company said in a statement. Through this programme, the company said, suppliers will get access to financing from DBS and technical support from technical support from Guidehouse, a sustainability consultant, to make factory upgrades to decrease their climate impact. The first successful transaction under this collaborative finance tool was completed by a manufacturer in India to fund capex to reduce scopr 3 GHG emissions. "We see that our industry is committed to tackle its negative climate impact. But we also see that impactful climate action requires collaborative financing. For us, sustainability investments are not only a responsible approach but a strategic necessity for future success”, said Ulrika Leverenz, Head of Green Investment, H&M Group. Traditional banking solutions seek to encourage such green activities indirectly. However, this programme directly provides financing with highly favourable terms to suppliers for specific GHG emission reduction activities. "DBS is excited to be harnessing our extensive network in Asia, in partnership with H&M Group, to provide access to sustainable financing in a practical way – by directly funding factory upgrades to help suppliers improve their energy efficiency and decarbonise”, said Tan Su Shan, Group Head of Institutional Banking, DBS. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on DBS Bank H&M apparel DBS H&M Supply chain Decarbonisation (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories Petrol, diesel price revision only when oil price stabilises below USD 80 India's infrastructure output growth quickens to 12.1 per cent in October India, Africa to be major contributors to 112 million barrel/day of peak global crude oil demand in 2030: S&P Whirlpool to sell 24% stake in India business to reduce debt Padget Electronics' new smartphone manufacturing facility inaugurated by IT Minister Ashwini Vaishnaw HPCL to commission Chhara LNG terminal in 2-3 months; gets 6-7 offers to hire capacity Thailand’s MQDC to announce first residential project in India early next year Rice on cusp of fresh 15-year high in Asia after sharp rebound REC board approves hike in borrowing to Rs 1.5 lakh cr for FY24 India's oil imports from Russia rebound in November: Data 1 2 3 4 5 6 7 8 9 10

762371

the-times-of-india

The Times of India

ET Online

H&M and DBS to collaborate on a green loan programme to facilitate supply chain decarbonisation

H&M Group and DBS are launching a green loan program to support supply chain decarbonization in the apparel sector. The program provides suppliers with financing from DBS and technical support from sustainability consultant Guidehouse for factory upgrades to …

https://economictimes.indiatimes.com/industry/renewables/hm-and-dbs-to-collaborate-on-a-green-loan-programme-to-facilitate-supply-chain-decarbonisation/articleshow/105592294.cms

2023-11-29 10:10:13

H&M Group and DBS will be collaborating on a first-of-its-kind green loan programme which will help facilitate supply chain decarbonisation in the apparel sector, the company said in a statement.… [+1285 chars]

Finance

Reuters H&M Group and DBS have collaborated on a first-of-its-kind green loan programme to facilitate supply chain decarbonisation in the apparel sector, the company said in a statement. Through this programme, the company said, suppliers will get access to financing from DBS and technical support from technical support from Guidehouse, a sustainability consultant, to make factory upgrades to decrease their climate impact. The first successful transaction under this collaborative finance tool was completed by a manufacturer in India to fund capex to reduce scopr 3 GHG emissions. "We see that our industry is committed to tackle its negative climate impact. But we also see that impactful climate action requires collaborative financing. For us, sustainability investments are not only a responsible approach but a strategic necessity for future success”, said Ulrika Leverenz, Head of Green Investment, H&M Group. Traditional banking solutions seek to encourage such green activities indirectly. However, this programme directly provides financing with highly favourable terms to suppliers for specific GHG emission reduction activities. "DBS is excited to be harnessing our extensive network in Asia, in partnership with H&M Group, to provide access to sustainable financing in a practical way – by directly funding factory upgrades to help suppliers improve their energy efficiency and decarbonise”, said Tan Su Shan, Group Head of Institutional Banking, DBS. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on DBS Bank H&M apparel DBS H&M Supply chain Decarbonisation (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories Petrol, diesel price revision only when oil price stabilises below USD 80 India's infrastructure output growth quickens to 12.1 per cent in October India, Africa to be major contributors to 112 million barrel/day of peak global crude oil demand in 2030: S&P Whirlpool to sell 24% stake in India business to reduce debt Padget Electronics' new smartphone manufacturing facility inaugurated by IT Minister Ashwini Vaishnaw HPCL to commission Chhara LNG terminal in 2-3 months; gets 6-7 offers to hire capacity Thailand’s MQDC to announce first residential project in India early next year Rice on cusp of fresh 15-year high in Asia after sharp rebound REC board approves hike in borrowing to Rs 1.5 lakh cr for FY24 India's oil imports from Russia rebound in November: Data 1 2 3 4 5 6 7 8 9 10

762373

the-times-of-india

The Times of India

Anuradha Shukla

ET Explainer: Why is India backing the UN framework on international tax cooperation?

The resolution, proposed by Nigeria, was backed by 125 countries, including India, China and Russia, and passed in the UN General Assembly in New York last week despite developed nations such as the US, UK, Netherlands, Switzerland, Japan, France and Germany …

https://economictimes.indiatimes.com/news/economy/policy/why-is-india-backing-the-un-framework-on-international-tax-cooperation/articleshow/105585907.cms

2023-11-29 07:33:16

India voted for the UN international tax convention proposal and the proposal to establish the terms of reference for a United Nations framework on international tax cooperation by August 2024.The re… [+4019 chars]

Finance

India voted for the ‘ UN international tax convention’ proposal and the proposal to establish the terms of reference for a ‘United Nations framework on international tax cooperation ’ by August 2024. The resolution, proposed by Nigeria, was backed by 125 countries, including India, China and Russia, and passed in the UN General Assembly in New York last week despite developed nations such as the US, UK, Netherlands, Switzerland, Japan, France and Germany voting against it. “This is an effort by India and many other developing countries to wrest the lead role on international tax policy and standards making from the Organisation for Economic Co-operation and Development ( OECD ) and bring it to the UN,” said Rohinton Sidhwa, partner, Deloitte India. International tax experts termed the move “historical” and said that bringing international tax debate to the UN platform will give a better deal to large markers like India than the “two-pillar tax solution” proposed by the OECD. “It will allow India and other similar developing economies to put forward a convention that will support a fair share deal for the source countries,” said Saurrav Sood, practice leader, international tax and transfer pricing, SW India. “At present, OECD tax rules are more tilted towards developed countries while the voices of developing nations often get unheard.” Why the Shift India was part of 140 nations which had supported the two-pillar solution of international taxation, where the first pillar was to ensure that large multinationals such as Amazon, Google and Netflix pay taxes wherever they operate, and the second pillar proposed a minimum tax threshold at 15% to discourage tax havens and the flight of capital. The first pillar, which was originally planned to cover all digital companies, proposed to cover only a few larger groups with a threshold of global revenue of $20 billion and profitability of more than 10%, keeping a large number of companies out of its ambit and requiring India to give up the equalisation levy. While negotiation on the two pillars was already in the advanced stage, a section of finance ministry officials felt the terms and conditions of this framework favoured rich nations and that developing countries like India might not gain much out of it. “Current terms of negotiation of the two-pillar solution did not offer India much in exchange for giving up its right to levy equalisation levy and, in fact, it may reallocate some profits out of the country,” a senior finance ministry official told ET on condition of anonymity, adding that the mandatory and binding dispute resolution mechanism might compromise India’s sovereign right to tax. The tax treaty solution drafted by the UN tax committee in April 2021 for taxing income from automated digital services offers higher revenues for markets like India and does not restrict sovereign taxing rights of source countries. “India has raised its reservations against the first pillar solution and will be able to negotiate on better terms now that the debate has shifted to the UN,” the official said, explaining the rationale behind the change in stance. The Way Forward The UN conventions aim to reach an agreement on the terms of reference by August 2024, followed by developing a UN framework convention on international tax cooperation. “With the passage of the UN resolution, there is now an added layer to this debate on the appropriate forum (UN or the OECD) to rethink or recalibrate the current international tax rules,” said Gouri Puri, partner, Shardul Amarchand Mangaldas & Co. India has played an active role in the OECD negotiations for the two-pillar solution but, being a market jurisdiction, India has also supported the UN resolution, taking a middle path. “It will be interesting to see how Indian engages in international tax diplomacy post this development,” said Puri. However, given that developed countries have voted against the UN resolution, in order to succeed in this the UN requires to come up with a higher level of literature that can effectively challenge the OECD formats and commentaries, said experts. “Until then this initiative may not mean very much for India or the rest of the developing world,” said Sidhwa. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on international tax cooperation tax UN UN General Assembly OECD tax rules (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Four signals from the OpenAI mess that the government, big tech, and you cannot ignore. Light at the end of the tunnel: Higher plant utilisation sending a current through power stocks How COP28 is set to facilitate syncing of corporate India’s green journey and business trajectory. Wings or Sting? Energy drinks market heats up as Red Bull, PepsiCo jostle to grab a cool share. 3 insights to kick-start your day, featuring Amazon’s India journey Stock Radar: IEX has given breakout from a descending triangle pattern; where is the stock headed? 1 2 3 View all Stories

762377

the-times-of-india

The Times of India

ET Online

Here is govt's big plan to stop online frauds in India

The government is taking steps to combat cyber fraud in the financial sector by blocking IMEI and imposing withdrawal limits on suspicious accounts. Representatives from RBI, TRAI, NPCI, and the Ministry of Information Technology discussed the need to address…

https://economictimes.indiatimes.com/news/india/govt-plans-to-freeze-dubious-bank-a/cs-block-mobiles-to-stop-cyber-fraud/articleshow/105584020.cms

2023-11-29 07:30:18

The government is planning to implement several measures to tackle the increasing problem of cyber fraud in the financial sector. These measures include blocking the unique mobile device identifier (… [+2894 chars]

Finance

Agencies Options such as placing caps on fund transfers or withdrawals are being considered to prevent misuse. The government is planning to implement several measures to tackle the increasing problem of cyber fraud in the financial sector . These measures include blocking the unique mobile device identifier ( IMEI ) and imposing limits on withdrawals from suspicious accounts to prevent their misuse in future incidents, a TOI report stated. Following a meeting with representatives from the Reserve Bank of India (RBI), Telecom Regulatory Authority of India (TRAI), National Payments Corporation of India, and the Ministry of Information Technology, Vivek Joshi, the Secretary of Financial Services, highlighted the need to address "inert" and "mule" bank accounts. These accounts typically have low balances but experience sudden surges in activity. To combat such fraudulent activities, options such as placing caps on fund transfers or withdrawals are being discussed. Mule accounts are often utilized by fraudsters to collect or transfer funds. In cases of cyber fraud, the stolen money is frequently routed through multiple accounts before being withdrawn. This makes it challenging for law enforcement agencies and banks to take prompt action. Additionally, the meeting in the finance ministry discussed the proposal to whitelist digital lending apps. This means that only apps that are whitelisted will be allowed on App Store or Google Play Store. The implementation of the Banning of Unregulated Lending Activities (BULA) Act was also on the agenda. Banks have been urged to improve their response time in handling alerts on online financial frauds from various agencies. Efforts are underway to explore better coordination between the police and banks to prevent fund transfers, sources revealed. To combat Aadhaar-enabled payment system (AePS) related frauds, Joshi emphasized the need for state governments to safeguard citizens' Aadhaar data and prevent its misuse. UIDAI has already taken steps to address this issue as it observed that several states were sharing property registration details, including fingerprints, on public websites. Furthermore, discussions revolved around enhancing fraud management systems of banks, standardizing the KYC process for merchants, and ensuring all financial institutions are registered with the RBI. Joshi highlighted the importance of a standardized format for the exchange of information between the Indian Cyber Crime Co-ordination Center (I4C) and various banks. Banks have also been instructed to designate a nodal officer in each zone to address cyber fraud-related complaints. During the meeting, the I4C presented recent statistics on digital payment frauds reported in the National Cyber Crime Reporting Portal (NCRP), outlining the challenges faced in tackling such matters. The meeting took place in response to instances of digital fraud at UCO Bank and Bank of Baroda. The telecom department has also blocked 70 lakh mobile numbers involved in suspicious activities, Joshi disclosed. Blocking the IMEI, which serves as a unique identification number for smartphones, usually disables mobile services such as calls, messages, and data access. Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on online fraud Government cyber fraud financial sector IMEI withdrawal limits digital fraud (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Gold prices will be impacted by Fed moves, geopolitical scenarios and upcoming polls From the Internet to cloud to AI: the musical chair of strategy and performance in Indian IT industry How a humble bamboo can transform real-estate sector’s messy carbon problems Silent killer: India gasps for breath as COPD spreads to rural areas, affects non-smokers. 3 insights to kick-start your day, featuring PhonePe’s latest big move Stock Radar: 11% rally in a month! This heavy equipment maker is likely to surpass Rs 5,000 levels to hit fresh highs 1 2 3 View all Stories

762382

nan

ETF Daily News

MarketBeat News

Schroder Investment Management Group Trims Stake in Robert Half Inc. (NYSE:RHI)

Schroder Investment Management Group reduced its position in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 0.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 176,960 shares of the business services provider’s stock after selling 1,0…

https://www.etfdailynews.com/2023/11/29/schroder-investment-management-group-trims-stake-in-robert-half-inc-nyserhi/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/robert-half-international-inc-logo.png?v=20221109153535&w=240&h=240&zc=2

2023-11-29 12:32:49

Schroder Investment Management Group reduced its position in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 0.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 176,960 shares… [+4290 chars]

Finance

Schroder Investment Management Group reduced its position in shares of Robert Half Inc. (NYSE:RHI–Free Report) by 0.6% during the 2nd quarter,HoldingsChannelreports. The firm owned 176,960 shares of the business services provider’s stock after selling 1,015 shares during the period. Schroder Investment Management Group’s holdings in Robert Half were worth $13,311,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new position in Robert Half during the 4th quarter worth $27,000. Salem Investment Counselors Inc. purchased a new position in Robert Half during the 2nd quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Robert Half during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC increased its holdings in Robert Half by 964.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 362 shares of the business services provider’s stock worth $29,000 after purchasing an additional 328 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Robert Half during the 1st quarter worth $35,000. 91.63% of the stock is currently owned by hedge funds and other institutional investors. Shares ofNYSE RHIopened at $80.37 on Wednesday. The stock has a market capitalization of $8.51 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 16.72 and a beta of 1.26. The stock’s fifty day simple moving average is $76.02 and its two-hundred day simple moving average is $74.70. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $89.78. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRobert Half (NYSE:RHI–Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Robert Half had a return on equity of 29.60% and a net margin of 7.09%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. On average, equities analysts predict that Robert Half Inc. will post 3.86 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.48 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.39%. Robert Half’s payout ratio is 43.54%. RHI has been the topic of several research reports. UBS Group initiated coverage on Robert Half in a report on Tuesday, November 7th. They set a “sell” rating and a $60.00 price objective on the stock.StockNews.comraised Robert Half from a “hold” rating to a “buy” rating in a research report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $68.63. Read Our Latest Research Report on Robert Half (Free Report) Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support. Want to see what other hedge funds are holding RHI?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHI–Free Report).

762385

nan

ETF Daily News

MarketBeat News

Redwood Trust, Inc. (NYSE:RWT) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its holdings in Redwood Trust, Inc. (NYSE:RWT – Free Report) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,877,675 shares of th…

https://www.etfdailynews.com/2023/11/29/redwood-trust-inc-nyserwt-shares-purchased-by-clearbridge-investments-llc/

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2023-11-29 12:36:53

Clearbridge Investments LLC lifted its holdings in Redwood Trust, Inc. (NYSE:RWT – Free Report) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exch… [+4284 chars]

Finance

Clearbridge Investments LLC lifted its holdings in Redwood Trust, Inc. (NYSE:RWT–Free Report) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,877,675 shares of the real estate investment trust’s stock after acquiring an additional 11,330 shares during the quarter. Clearbridge Investments LLC owned 1.64% of Redwood Trust worth $11,961,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ProShare Advisors LLC increased its stake in shares of Redwood Trust by 8.3% in the second quarter. ProShare Advisors LLC now owns 17,800 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,370 shares during the period. Advisor Partners II LLC boosted its holdings in Redwood Trust by 1.5% during the fourth quarter. Advisor Partners II LLC now owns 95,388 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 1,385 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Redwood Trust by 0.5% during the second quarter. Prudential Financial Inc. now owns 301,444 shares of the real estate investment trust’s stock worth $2,924,000 after buying an additional 1,500 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in Redwood Trust by 29.6% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,213 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,649 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Redwood Trust by 76.5% during the first quarter. US Bancorp DE now owns 4,846 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock. RWTopened at $6.94 on Wednesday. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 9.84. Redwood Trust, Inc. has a 52-week low of $5.47 and a 52-week high of $8.72. The firm’s fifty day simple moving average is $6.89 and its two-hundred day simple moving average is $6.91. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 9.22%. The ex-dividend date was Thursday, September 21st. Redwood Trust’s payout ratio is -95.52%. RWT has been the topic of a number of recent analyst reports. Raymond James lowered their price target on shares of Redwood Trust from $10.00 to $9.00 and set a “strong-buy” rating on the stock in a report on Tuesday.StockNews.cominitiated coverage on shares of Redwood Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, JMP Securities increased their price target on shares of Redwood Trust from $8.00 to $9.00 and gave the stock a “market outperform” rating in a report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.36. Check Out Our Latest Research Report on Redwood Trust (Free Report) Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.

762386

nan

ETF Daily News

MarketBeat News

Schroder Investment Management Group Cuts Position in Copart, Inc. (NASDAQ:CPRT)

Schroder Investment Management Group decreased its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 49.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 150,380 shares of the business services provider’s stock after selling 147,574 shares …

https://www.etfdailynews.com/2023/11/29/schroder-investment-management-group-cuts-position-in-copart-inc-nasdaqcprt/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/copart-inc-logo.png?v=20230629111453&w=240&h=240&zc=2

2023-11-29 12:32:50

Schroder Investment Management Group decreased its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 49.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 150,380 shares of the busi… [+5504 chars]

Finance

Schroder Investment Management Group decreased its holdings in Copart, Inc. (NASDAQ:CPRT–Free Report) by 49.5% in the 2nd quarter,HoldingsChannelreports. The fund owned 150,380 shares of the business services provider’s stock after selling 147,574 shares during the quarter. Schroder Investment Management Group’s holdings in Copart were worth $13,716,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Copart by 1,212.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 2,873 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Copart by 14.6% in the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock valued at $1,061,000 after purchasing an additional 1,079 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Copart by 52.1% in the first quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock valued at $1,380,000 after purchasing an additional 3,707 shares during the last quarter. National Pension Service grew its holdings in Copart by 5.0% in the first quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock valued at $35,998,000 after purchasing an additional 13,666 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Copart by 1.2% in the first quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock valued at $2,881,905,000 after purchasing an additional 270,867 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock. Several analysts have weighed in on the company. Robert W. Baird upped their target price on Copart from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 15th.StockNews.comraised Copart from a “hold” rating to a “buy” rating in a report on Monday, October 30th. JPMorgan Chase & Co. increased their price objective on Copart from $39.50 to $41.00 in a research note on Monday, September 18th. Finally, Argus initiated coverage on Copart in a research note on Friday, September 8th. They set a “buy” rating and a $53.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.40. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Analysis on CPRT CPRTopened at $50.73 on Wednesday. The firm has a market cap of $48.71 billion, a P/E ratio of 37.16 and a beta of 1.19. Copart, Inc. has a 52 week low of $29.61 and a 52 week high of $51.53. The business’s fifty day simple moving average is $45.82 and its 200 day simple moving average is $46.96. Copart (NASDAQ:CPRT–Get Free Report) last issued its quarterly earnings results on Thursday, November 16th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Copart had a return on equity of 22.45% and a net margin of 33.14%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $987.90 million. During the same period last year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.44 EPS for the current fiscal year. In other Copart news, DirectorMatt Bluntsold 49,435 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $43.11, for a total value of $2,131,142.85. The sale was disclosed in a document filed with the SEC, which can be accessed throughthis hyperlink. In other Copart news, DirectorMatt Bluntsold 49,435 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $43.11, for a total value of $2,131,142.85. The sale was disclosed in a document filed with the SEC, which can be accessed throughthis hyperlink. Also, DirectorStephen Fishersold 160,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $45.69, for a total value of $7,310,400.00. The disclosure for this sale can be foundhere. 10.23% of the stock is owned by corporate insiders. (Free Report) Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners. Want to see what other hedge funds are holding CPRT?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT–Free Report).

762388

nan

ETF Daily News

MarketBeat News

Evercore ISI Lowers The Carlyle Group (NASDAQ:CG) to In-Line

The Carlyle Group (NASDAQ:CG – Get Free Report) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $32.00 price …

https://www.etfdailynews.com/2023/11/29/evercore-isi-lowers-the-carlyle-group-nasdaqcg-to-in-line/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/the-carlyle-group-inc-logo.png?v=20221109140931&w=240&h=240&zc=2

2023-11-29 13:12:43

The Carlyle Group (NASDAQ:CG – Get Free Report) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued on Wednesday,… [+5557 chars]

Finance

The Carlyle Group (NASDAQ:CG–Get Free Report)was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued on Wednesday,MarketBeat.comreports. They presently have a $32.00 price objective on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential downside of 7.06% from the stock’s current price. A number of other brokerages have also issued reports on CG. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th. Jefferies Financial Group reduced their target price on shares of The Carlyle Group from $35.00 to $31.00 in a report on Tuesday, October 10th. Barclays increased their price objective on The Carlyle Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. JMP Securities reaffirmed a “market outperform” rating and set a $52.00 price target on shares of The Carlyle Group in a report on Thursday, August 17th. Finally,StockNews.combegan coverage on shares of The Carlyle Group in a report on Thursday, October 5th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.87. Read Our Latest Research Report on The Carlyle Group Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNASDAQ:CGopened at $34.43 on Wednesday. The firm has a market capitalization of $12.39 billion, a PE ratio of 59.36, a price-to-earnings-growth ratio of 8.68 and a beta of 1.71. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $38.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.94 and a quick ratio of 2.92. The firm’s 50-day moving average is $29.95 and its two-hundred day moving average is $30.77. The Carlyle Group (NASDAQ:CG–Get Free Report) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The Carlyle Group had a net margin of 7.65% and a return on equity of 19.43%. The firm had revenue of $776.60 million during the quarter, compared to the consensus estimate of $835.81 million. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was down 44.6% compared to the same quarter last year. Analysts predict that The Carlyle Group will post 3.1 EPS for the current year. In related news, major shareholder Subsidiary Holdings L.L.C. Cg acquired 1,269,537 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $8.52 per share, for a total transaction of $10,816,455.24. Following the acquisition, the insider now directly owns 4,785,628 shares in the company, valued at approximately $40,773,550.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible throughthis hyperlink. 27.00% of the stock is currently owned by insiders. Several hedge funds and other institutional investors have recently modified their holdings of the company. Ramirez Asset Management Inc. purchased a new stake in The Carlyle Group during the 3rd quarter worth $84,000. Mercer Global Advisors Inc. ADV grew its stake in The Carlyle Group by 18.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 59,183 shares of the financial services provider’s stock valued at $1,785,000 after purchasing an additional 9,187 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in The Carlyle Group by 2,877.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 339,829 shares of the financial services provider’s stock worth $10,249,000 after purchasing an additional 328,417 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in The Carlyle Group by 1.6% in the third quarter. Royal London Asset Management Ltd. now owns 62,424 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 973 shares in the last quarter. Finally, Ariel Investments LLC raised its stake in shares of The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds. (Get Free Report) The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

762390

nan

GlobeNewswire

Transak

Transak Launches NFT Checkout Optimized for Gaming, Expanding NFT Access Post Beta Phase

Miami, USA, Nov. 29, 2023 (GLOBE NEWSWIRE) --  Transak, a leading global Web3 payment and onboarding infrastructure provider, today announced their ‘NFT Checkout’ marking a significant expansion in NFT accessibility. This launch aims to simplify the complexit…

https://www.globenewswire.com/news-release/2023/11/29/2787525/0/en/Transak-Launches-NFT-Checkout-Optimized-for-Gaming-Expanding-NFT-Access-Post-Beta-Phase.html

nan

2023-11-29 09:00:00

<ul><li> Transak announces its NFT Checkout Solution is now publicly available, following a beta launch that began on Decentraland and other Web3 platforms early this year. </li><li> Launching in bet… [+5568 chars]

Finance

Miami, USA, Nov. 29, 2023 (GLOBE NEWSWIRE) --Transak, a leading global Web3 payment and onboarding infrastructure provider, today announced their ‘NFT Checkout’ marking a significant expansion in NFT accessibility. This launch aims to simplify the complexities hindering user onboarding in gaming and tackle the challenge of navigating intricate infrastructures and payment processes. Following the success of its beta phase with Decentraland and other web3 platforms, Transak has revealed its NFT checkout which offers an optimized solution for buying and selling NFTs, especially within blockchain gaming. Having secured a US$20M investment in Series A from esteemed VCs like CE Innovation Capital, SBI Ven Cap, UOB, Animoca Brands, and others earlier this year, Transak continues to push boundaries in the evolving NFT industry. The Global NFT Gaming Market is projected to double by 2028, with a 14.84% CAGR during 2023-2028. Despite the growing applications of NFTs, onboarding new users remains a hurdle. Complex infrastructure and payment processes often deter individuals from entering the digital asset space. Additionally, the gaming industry's integration of NFTs for in-game assets further expands the appeal of these digital collectibles. Still, it faces challenges in onboarding users to these new forms of gaming assets. Transak began the beta phase of their NFT Checkout earlier this year. The development team was able to mark the critical pain points users face in interacting with or purchasing NFTs, and through consistent evaluation and learning, Transak developed NFT Checkout. Transak’s solution addresses all the requirements around NFTs for today’s Web3 platforms. It also accounts for the future needs of Web3 games, or larger Web2 brands that would look to integrate NFTs into their ecosystem. A strong example of this is the ability for users to purchase multiple NFTs within a single transaction, reducing the amount of time and extra fees associated with making multiple purchases. This is not only an industry first, but a massive change in dynamic for companies looking to integrate NFTs into their ecosystem. This comprehensive solution simplifies transactions and integrates seamlessly with all leading blockchains and 170+ cryptocurrencies, eliminating token acquisition complexities and gas fees. The platform facilitates compliance, payment processing, fiat-to-NFT conversions, and user support, ensuring a frictionless NFT purchasing experience. With a 95% transaction approval rate—significantly surpassing industry norms—Transak strategically acquired the Merchant Category Code (MCC) 5815. This code communicates the lower-risk nature of NFT transactions to banks, optimizing approvals and reducing rejections associated with the MCC 6051 code. Yeshu Agarwal, Transak's Co-founder & CTO, states, "Our NFT Checkout doesn't just facilitate access to the future of commerce; it fundamentally transforms it. By eliminating the need for specific cryptocurrencies, we've simplified the transaction to a single fiat operation, as effortless as any online purchase. This, combined with the capacity to acquire multiple NFTs simultaneously, and our extensive transaction limits, empowers businesses of every size to fully exploit NFTs in their endeavours, devoid of complexity or compromise." Although optimized for, Transak's NFT Checkout is not limited to gaming. Similar to traditional e-commerce platforms, NFT Checkout allows users to buy or mint multiple NFTs in a single transaction, enhancing convenience. Transak's NFT Checkout is gaining rapid traction, with further partnerships anticipated in the coming weeks. Its user-friendly nature facilitates seamless integration, catering to diverse business needs. Transak's NFT Checkout marks a significant advancement in web3 commerce, offering a user-friendly platform for effortless NFT transactions via fiat currency. This product embodies a commitment to expanding digital asset participation while ensuring exceptional transaction approval and security, addressing usability challenges in the crypto and NFT landscape. About TransakTransak is a leading global Web3 payment and onboarding infrastructure provider, enabling smooth transitions between conventional finance and digital assets. With Transak, Web3 platforms can empower users to buy, sell, or mint digital assets across 75+ blockchains in 170+ countries, simplifying user KYC, risk monitoring, compliance, payment methods, and customer support. Serving over 350 top apps like MetaMask, Coinbase, and supported by industry giants like Animoca Brands, Consensys, UOB, KX, and more, Transak is at the forefront of making Web3 applications more accessible. For more details, visittransak.comor follow us onx.com/transak. Learn more about Transak's NFT Checkout solution onhttps://transak.com/nft-checkout

762391

nan

ETF Daily News

MarketBeat News

Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $12.30 Consensus Price Target from Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, e…

https://www.etfdailynews.com/2023/11/29/huntington-bancshares-incorporated-nasdaqhban-receives-12-30-consensus-price-target-from-analysts/

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2023-11-29 09:22:46

Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. O… [+5522 chars]

Finance

Huntington Bancshares Incorporated (NASDAQ:HBAN–Get Free Report) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the firm,Marketbeatreports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.30. Several equities research analysts have commented on HBAN shares. Piper Sandler dropped their target price on Huntington Bancshares from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. Wolfe Research raised Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a report on Monday, October 23rd. Raymond James lowered their price target on Huntington Bancshares from $15.00 to $13.00 and set a “strong-buy” rating on the stock in a report on Monday, October 23rd. Bank of America lowered their price target on Huntington Bancshares from $13.00 to $11.00 in a report on Tuesday, October 10th. Finally, Jefferies Financial Group lowered their price target on Huntington Bancshares from $11.00 to $10.00 in a report on Tuesday, October 10th. Read Our Latest Research Report on Huntington Bancshares Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverIn other Huntington Bancshares news, insiderHelga Houstonsold 2,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $10.97, for a total value of $30,167.50. Following the completion of the sale, the insider now owns 592,764 shares in the company, valued at $6,502,621.08. The sale was disclosed in a document filed with the SEC, which is accessible throughthis link. Company insiders own 0.89% of the company’s stock. Several institutional investors have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Huntington Bancshares by 1.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after purchasing an additional 830 shares in the last quarter. Guardian Wealth Management Inc. grew its position in shares of Huntington Bancshares by 3.5% during the first quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after purchasing an additional 835 shares in the last quarter. SVB Wealth LLC boosted its stake in Huntington Bancshares by 7.7% during the second quarter. SVB Wealth LLC now owns 12,038 shares of the bank’s stock valued at $130,000 after buying an additional 861 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Huntington Bancshares by 31.2% during the second quarter. Hexagon Capital Partners LLC now owns 4,067 shares of the bank’s stock valued at $44,000 after buying an additional 967 shares during the last quarter. Hedge funds and other institutional investors own 78.68% of the company’s stock. NASDAQ HBANopened at $10.91 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Huntington Bancshares has a twelve month low of $9.13 and a twelve month high of $15.74. The firm has a market capitalization of $15.80 billion, a PE ratio of 7.23, a P/E/G ratio of 6.04 and a beta of 1.11. The stock’s 50 day moving average is $10.25 and its 200 day moving average is $10.77. Huntington Bancshares (NASDAQ:HBAN–Get Free Report) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Huntington Bancshares had a return on equity of 14.71% and a net margin of 22.55%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.39 earnings per share. Research analysts forecast that Huntington Bancshares will post 1.37 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Friday, December 15th. Huntington Bancshares’s payout ratio is 41.06%. (Get Free Report Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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nan

ETF Daily News

MarketBeat News

Capital Southwest Co. (NASDAQ:CSWC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Capital Southwest Co. (NASDAQ:CSWC – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a …

https://www.etfdailynews.com/2023/11/29/capital-southwest-co-nasdaqcswc-given-consensus-rating-of-moderate-buy-by-analysts/

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2023-11-29 09:26:41

Shares of Capital Southwest Co. (NASDAQ:CSWC – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the company, Marketbeat… [+5051 chars]

Finance

Shares of Capital Southwest Co. (NASDAQ:CSWC–Get Free Report) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the company,Marketbeatreports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.63. CSWC has been the subject of a number of recent research reports. Raymond James boosted their price target on shares of Capital Southwest from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 target price on shares of Capital Southwest in a research note on Friday, August 18th. Finally,StockNews.comassumed coverage on shares of Capital Southwest in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Check Out Our Latest Research Report on CSWC Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its holdings in Capital Southwest by 23.3% during the fourth quarter. Millennium Management LLC now owns 875,326 shares of the asset manager’s stock valued at $14,968,000 after purchasing an additional 165,544 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Capital Southwest by 13.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 851,447 shares of the asset manager’s stock valued at $15,139,000 after purchasing an additional 103,390 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Capital Southwest by 11.7% in the third quarter. Van ECK Associates Corp now owns 661,405 shares of the asset manager’s stock worth $15,146,000 after buying an additional 69,265 shares in the last quarter. Zuckerman Investment Group LLC lifted its holdings in shares of Capital Southwest by 4.0% in the first quarter. Zuckerman Investment Group LLC now owns 657,576 shares of the asset manager’s stock worth $11,692,000 after buying an additional 25,056 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Capital Southwest by 1.7% in the third quarter. Sound Income Strategies LLC now owns 524,394 shares of the asset manager’s stock worth $12,009,000 after buying an additional 8,776 shares in the last quarter. 20.58% of the stock is owned by hedge funds and other institutional investors. Capital Southwest stockopened at $22.25 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.57. Capital Southwest has a 12-month low of $16.34 and a 12-month high of $23.35. The firm’s fifty day moving average is $21.96 and its 200 day moving average is $21.01. The company has a market capitalization of $888.89 million, a PE ratio of 11.90 and a beta of 1.20. Capital Southwest (NASDAQ:CSWC–Get Free Report) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $42.78 million for the quarter, compared to the consensus estimate of $41.96 million. Capital Southwest had a net margin of 44.13% and a return on equity of 15.30%. Capital Southwest’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. As a group, sell-side analysts predict that Capital Southwest will post 2.67 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, December 14th. This is an increase from Capital Southwest’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 11.33%. Capital Southwest’s dividend payout ratio is 119.79%. (Get Free Report Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

762415

nan

GlobeNewswire

Robex Resources Inc.

Robex Announces Its Third Quarter Results 2023

QUEBEC CITY, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex” or the “Company”) (TSXV: RBX) presents today its operational and financial results for the third quarter ended September 30, 2023.

https://www.globenewswire.com/news-release/2023/11/29/2787717/0/en/Robex-Announces-Its-Third-Quarter-Results-2023.html

https://ml.globenewswire.com/Resource/Download/4665916d-5c89-4d20-9c32-09918cbff947

2023-11-29 13:02:00

QUEBEC CITY, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (Robex or the Company) (TSXV: RBX) presents today its operational and financial results for the third quarter ended September 30, 2… [+24313 chars]

Finance

QUEBEC CITY, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex” or the “Company”) (TSXV: RBX) presents today its operational and financial results for the third quarter ended September 30, 2023. Aurélien Bonneviot, Chief Executive Officer:"Another strong set of operating results at Nampala, demonstrating the incredible dedication of the enlarged management team since the beginning of the year. Nampala's operation performance continue to support the development of the group towards becoming a mid-tier gold producer in West Africa. We are on-track to deliver our 2023 guidance on production and costs1. We would like to thank all Robex employees for their hard work." Unless otherwise noted, all amounts and financials in this press release are presented in Canadian dollars (CAD). SUMMARY OF HIGHLIGHTS FOR THE THIRD QUARTER OF 2023 COMPARED TO THE THIRD QUARTER OF 2022 Nampala Mine Operations Financial SUMMARY OF PRODUCTION AND FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL YEAR 2023 OUTLOOK AND STRATEGY 2023 The Group's objectives for the end of 2023 are as follows: Management is continuing negotiation with Taurus to fund the Kiniero gold project in Guinea for up to US$115 million to cover the repayment of the bridge loan and the financing of capital development and working capital costs. Detailed information We strongly recommend that readers consult Robex's Management's Discussion and Analysis and Consolidated Financial Statements for the third quarter ended September 30, 2023, which are available on the Company's website in the Investors section at:robexgold.comfor a more complete discussion of the Company's financial results. RECONCILIATIONS AND CALCULATIONS Net Debt Calculation All-in sustaining cost calculation (per once of gold sold) Calculation of cash flows from operating activities (per share) For the three-month period ended September 30, 2023, cash flows from operating activities were equivalent to $10,169,150 and the basic weighted average number of shares outstanding was 899,859,635, for an amount per share of $0.011. For the same period in 2022, cash flows from operating activities were $5,210,524 and the basic weighted average number of shares outstanding was 601,203,403, for an amount per share of $0.009. Calculation of the average realized selling price (per ounce of gold sold) This measure is made up of gold sales revenue divided by the number of ounces of gold sold. About Robex Resources Inc. Robex is a multi-jurisdictional West African gold production and development company with near-term exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Gold Project in Guinea. For more information NON-IFRS AND OTHER FINANCIAL MEASURES The Company’s financial results have been prepared in accordance with the International Financial Reporting Standards (the “IFRS”). However, the Company also presents the following non-IFRS financial measures, non-IFRS financial ratios and supplementary financial measures for which no definition exists in the IFRS: net debt (non-IFRS financial measures), all-in sustaining costs (per ounce of gold sold) (non-IFRS financial ratios), operating cash flows per share and average realized selling price (per gold ounce sold) (supplementary financial measures). The Company presents these measures as they may provide useful information to help investors better evaluate the Company’s performance and its ability to generate cash flows from its operations. Since the non‐IFRS measures presented in this press release do not have standardized meanings prescribed by IFRS, they may not be comparable to similar measures presented by other companies. Accordingly, they are intended to provide additional information to investors and other stakeholders and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS financial measures and ratios, supplementary financial measures and non-financial information are explained in greater detail below and in the “Non-IFRS and Other Financial Measures” section of the MD&A for the second quarter ended September 30, 2023 (which is incorporated herein by reference) filed with the Canadian securities regulatory authorities and available on SEDAR+ atwww.sedarplus.comas well as on Robex’s website (www.robexgold.com). The reconciliations and calculations between the non-IFRS financial measures and the most comparable IFRS measures are presented below in the “Reconciliation and Calculation” section of this press release. CAUTION CONCERNING LIMITATIONS OF SUMMARY RESULTS PRESS RELEASE This summary results press release contains limited information meant to assist the reader in assessing Robex’s performance, but it is not a suitable source of information for readers who are unfamiliar with Robex and is not in any way a substitute for Robex’s financial statements, notes to the financial statements, and MD&A. FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this press release. This press release contains “forward looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation (“forward-looking statements”). Forward-looking statements are included to provide information about management’s current expectations and plans that allows investors and others to have a better understanding of the Company’s business plans and financial performance and condition. Statements made in this press release that describe the Company’s or management’s estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be “forward-looking statements”, and can be identified by the use of the conditional or forward-looking terminology such as “aim”, “anticipate”, “assume”, “believe”, “can”, “contemplate”, “continue”, “could”, “estimate”, “expect”, “forecast”, “future”, “guidance”, “guide”, “indication”, “intend”, “intention”, “likely”, “may”, “might”, “objective”, “opportunity”, “outlook”, “plan”, “potential”, “should”, “strategy”, “target”, “will” or “would” or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. Such statements may include, but are not limited to, statements regarding the Company’s ability to successfully advance the Kiniero Gold Project; the Company’s ability to enter into definitive agreements in respect of the US$115 million project finance facility, including a US$15 million cost overrun facility (the “Facilities”) on the terms set out in the non-binding term sheet and on acceptable terms, if any; timing of the entering into the definitive agreements in respect of the Facilities; and assuming definitive agreements are entered into, the drawdown of the proceeds of the Facilities, including the timing thereof. Forward-looking statements and forward-looking information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions, including the Company’s ability to enter into definitive agreements in respect of the Facilities on the terms set forth in the non-binding term sheet, and on acceptable terms, if any, and to satisfy the conditions precedent to closing and advances thereunder (including satisfaction of remaining customary due diligence and other conditions and approvals); the assumption that board approval for the Facilities will be obtained; the Company’s ability to meet the timing objectives for definitive agreements and first drawdown of funds; the ability to execute the Company’s plans relating to the Kiniero Gold Project as may be set out in the Kiniero Gold Project pre-feasibility study, including the timing thereof; the Company’s ability to complete its planned exploration and development programs; no adverse conditions at the Kiniero Gold Project; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of gold remaining at levels that render the Kiniero Gold Project profitable; the Company’s ability to continue raising necessary capital to finance its operations; and the ability to realize on the mineral resource and mineral reserve estimates; and assumptions regarding present and future business strategies, local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future. Certain important factors could cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements and forward-looking information including, but not limited to: financing costs or adverse changes to the terms of available financing, if any, for the Kiniero Gold Project; the Company’s ability to enter into definitive agreements for the Facilities on acceptable terms, if any; the Company’s ability to satisfy the conditions precedent to closing and advances thereunder (including satisfaction of customary due diligence and other conditions and approvals); failure or delays to receive necessary approvals or otherwise satisfy the conditions to the completion of the Facilities; the proceeds of the Kiniero Gold Project financing not being available to the Company; fluctuations in gold and commodity prices; risks related to the geopolitical situation in Mali and related risks, including the risk of terrorism and armed banditry, fraud and corruption, security threats and resource nationalism; fluctuations in exchange and interest rates; the Company’s access to debt financing; uncertainty of the Company’s mineral reserve and mineral resource estimates; changes in the Company’s production and cost estimates; hazards and risks normally associated with mineral exploration and gold mining development and production operations; risks related to the Company’s external contractors and suppliers; the Company’s limited property portfolio; the depletion of the Company’s mineral reserves; the Company’s access to an adequate water supply for mining operations; the Company obtaining and maintaining required licenses and permits from various governmental authorities in order to operate; the Company obtaining and maintaining title to its mineral projects and exploration rights; competition with other mining companies; the Company’s ability to find and retain qualified and key personnel; environmental risks and hazards associated with operating a gold mine in Mali; the risk that the Company may not be able to insure against all the potential risks associated with its operations; risks related to the Company’s relations with its employees, shareholders and other stakeholders, including the local governments and communities surrounding its mine in Mali; the Company’s reliance on information technology systems; cybersecurity threats; the risk of any pending or future litigation against the Company; and tax risks, including changes in taxation laws or assessments on the Company. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and results as at and for the periods ended on the dates presented in the Company’s plans and objectives, and may not be appropriate for other purposes. Please also refer to the section titled “Risks Factors” in the Company’s Annual Information Form for the fiscal year ended December 31, 2022, which is available on SEDAR+ at www.sedarplus.com or on the Company’s website athttps://robexgold.comfor more information on risk factors that could cause results to differ materially from forward-looking statements. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. _____________________________________ 1Forward-looking statement. See the “Forward-Looking Information and Forward-Looking Statements” section of this press release.2Non-IFRS financial measure, non-IFRS ratio, or supplemental financial measure. Please refer to the section entitled "Non-IFRS and Other Financial Measures" of this MD&A for a definition of these measures and their reconciliation to the most directly comparable IFRS measure, as applicable.3Non-IFRS financial measure, non-IFRS ratio, or supplemental financial measure. Please refer to the section entitled "Non-IFRS and Other Financial Measures" of this MD&A for a definition of these measures and their reconciliation to the most directly comparable IFRS measure, as applicable.4Non-IFRS financial measure, non-IFRS ratio, or supplemental financial measure. Please refer to the section entitled "Non-IFRS and Other Financial Measures" of this MD&A for a definition of these measures and their reconciliation to the most directly comparable IFRS measure, as applicable.

762419

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ETF Daily News

MarketBeat News

Workday (NASDAQ:WDAY) PT Raised to $274.00 at Barclays

Workday (NASDAQ:WDAY – Get Free Report) had its price target upped by analysts at Barclays from $249.00 to $274.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Barcl…

https://www.etfdailynews.com/2023/11/29/workday-nasdaqwday-pt-raised-to-274-00-at-barclays/

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2023-11-29 13:16:44

Workday (NASDAQ:WDAY – Get Free Report) had its price target upped by analysts at Barclays from $249.00 to $274.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has… [+6547 chars]

Finance

Workday (NASDAQ:WDAY–Get Free Report)had its price target upped by analysts atBarclaysfrom $249.00 to $274.00 in a note issued to investors on Wednesday,Benzingareports. The firm currently has an “overweight” rating on the software maker’s stock.Barclays‘s price target would indicate a potential upside of 15.45% from the stock’s current price. WDAY has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of Workday from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Oppenheimer reiterated an “outperform” rating and set a $255.00 price objective on shares of Workday in a report on Thursday, September 28th. JPMorgan Chase & Co. upped their target price on Workday from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday. Robert W. Baird lifted their price target on Workday from $245.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 25th. Finally, Bank of America boosted their price target on Workday from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $254.00. Read Our Latest Research Report on Workday Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofWDAY stockopened at $237.33 on Wednesday. The stock’s fifty day simple moving average is $221.12 and its 200-day simple moving average is $223.62. The company has a market capitalization of $62.18 billion, a price-to-earnings ratio of -494.44, a P/E/G ratio of 7.86 and a beta of 1.25. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. Workday has a 1-year low of $142.13 and a 1-year high of $252.72. Workday (NASDAQ:WDAY–Get Free Report) last released its earnings results on Tuesday, November 28th. The software maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Workday had a positive return on equity of 2.09% and a negative net margin of 1.81%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. On average, sell-side analysts predict that Workday will post 1.13 earnings per share for the current fiscal year. In related news, major shareholderDavid A. Duffieldsold 108,333 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $250.58, for a total value of $27,146,083.14. Following the completion of the sale, the insider now owns 108,333 shares in the company, valued at $27,146,083.14. The transaction was disclosed in a filing with the SEC, which can be accessed throughthis link. In related news, major shareholder David A. Duffield sold 108,333 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $250.58, for a total value of $27,146,083.14. Following the completion of the transaction, the insider now directly owns 108,333 shares in the company, valued at $27,146,083.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthe SEC website. Also, CEOAneel Bhusrisold 3,889 shares of Workday stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $205.41, for a total transaction of $798,839.49. Following the sale, the chief executive officer now owns 550,004 shares in the company, valued at approximately $112,976,321.64. The disclosure for this sale can be foundhere. In the last 90 days, insiders have sold 131,714 shares of company stock worth $32,193,350. 21.09% of the stock is currently owned by company insiders. Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Golden State Equity Partners lifted its position in shares of Workday by 3.2% during the 2nd quarter. Golden State Equity Partners now owns 1,377 shares of the software maker’s stock worth $311,000 after buying an additional 43 shares during the period. Sunbelt Securities Inc. raised its stake in Workday by 6.3% during the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker’s stock worth $168,000 after acquiring an additional 44 shares in the last quarter. Exchange Capital Management Inc. lifted its holdings in shares of Workday by 1.7% during the second quarter. Exchange Capital Management Inc. now owns 2,763 shares of the software maker’s stock valued at $624,000 after acquiring an additional 45 shares during the period. Front Row Advisors LLC increased its position in shares of Workday by 21.6% during the 2nd quarter. Front Row Advisors LLC now owns 259 shares of the software maker’s stock worth $59,000 after purchasing an additional 46 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Workday by 4.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,029 shares of the software maker’s stock valued at $221,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 68.46% of the company’s stock. (Get Free Report) Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

762422

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ETF Daily News

MarketBeat News

Workday (NASDAQ:WDAY) PT Raised to $300.00

Workday (NASDAQ:WDAY – Get Free Report) had its price target boosted by analysts at Piper Sandler from $275.00 to $300.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Pi…

https://www.etfdailynews.com/2023/11/29/workday-nasdaqwday-pt-raised-to-300-00/

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2023-11-29 13:16:43

Workday (NASDAQ:WDAY – Get Free Report) had its price target boosted by analysts at Piper Sandler from $275.00 to $300.00 in a research note issued on Wednesday, Benzinga reports. The firm presently … [+6368 chars]

Finance

Workday (NASDAQ:WDAY–Get Free Report)had its price target boosted by analysts at Piper Sandler from $275.00 to $300.00 in a research note issued on Wednesday,Benzingareports. The firm presently has an “overweight” rating on the software maker’s stock. Piper Sandler’s price objective indicates a potential upside of 26.41% from the stock’s previous close. A number of other brokerages also recently issued reports on WDAY. JPMorgan Chase & Co. increased their target price on Workday from $245.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen increased their target price on Workday from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, August 25th. Canaccord Genuity Group upped their price target on Workday from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, August 25th.StockNews.comassumed coverage on Workday in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Citigroup upped their price target on Workday from $236.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.00. Get Our Latest Stock Analysis on Workday Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverWDAYopened at $237.33 on Wednesday. The business has a 50 day moving average price of $221.12 and a two-hundred day moving average price of $223.62. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.47. The company has a market cap of $62.18 billion, a PE ratio of -494.44, a P/E/G ratio of 7.86 and a beta of 1.25. Workday has a 52 week low of $142.13 and a 52 week high of $252.72. Workday (NASDAQ:WDAY–Get Free Report) last issued its earnings results on Tuesday, November 28th. The software maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Workday had a positive return on equity of 2.09% and a negative net margin of 1.81%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. As a group, research analysts anticipate that Workday will post 1.13 EPS for the current year. In other Workday news, major shareholderDavid A. Duffieldsold 108,333 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $250.58, for a total value of $27,146,083.14. Following the transaction, the insider now directly owns 108,333 shares of the company’s stock, valued at $27,146,083.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available atthe SEC website. In other Workday news, insiderSayan Chakrabortysold 3,944 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $205.41, for a total value of $810,137.04. Following the transaction, the insider now directly owns 129,473 shares of the company’s stock, valued at $26,595,048.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available atthe SEC website. Also, major shareholder David A. Duffield sold 108,333 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $250.58, for a total value of $27,146,083.14. Following the sale, the insider now owns 108,333 shares of the company’s stock, valued at $27,146,083.14. The disclosure for this sale can be foundhere. Insiders have sold 131,714 shares of company stock valued at $32,193,350 over the last three months. 21.09% of the stock is owned by company insiders. Large investors have recently modified their holdings of the business. CENTRAL TRUST Co acquired a new stake in shares of Workday during the second quarter valued at about $605,000. O Neil Global Advisors Inc. grew its stake in shares of Workday by 705.5% during the second quarter. O Neil Global Advisors Inc. now owns 36,005 shares of the software maker’s stock valued at $8,133,000 after acquiring an additional 31,535 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Workday by 102.8% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 726 shares of the software maker’s stock valued at $164,000 after acquiring an additional 368 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Workday by 1,367.6% during the first quarter. Cerity Partners LLC now owns 59,306 shares of the software maker’s stock valued at $12,249,000 after acquiring an additional 55,265 shares in the last quarter. Finally, Alta Park Capital LP grew its stake in shares of Workday by 3.1% during the first quarter. Alta Park Capital LP now owns 160,047 shares of the software maker’s stock valued at $33,056,000 after acquiring an additional 4,770 shares in the last quarter. 68.46% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report) Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

762438

the-times-of-india

The Times of India

PTI

India on path to triple renewable energy capacity by 2030 but faces financing hurdle: Report

India's commitment to a sustainable energy future is evident in its 14th National Electricity Plan (NEP), which charts a course to more than triple its renewable energy capacity by 2030. However, realizing this vision comes with a significant price tag, requi…

https://economictimes.indiatimes.com/industry/renewables/india-on-path-to-triple-renewable-energy-capacity-by-2030-but-faces-financing-hurdle-report/articleshow/105584023.cms

2023-11-29 06:36:42

New Delhi: India's 14th National Electricity Plan (NEP) sets it on a path to more than triple its renewable energy capacity by 2030, but the country needs a whopping USD 293 billion to achieve this, … [+3253 chars]

Finance

IANS Representative image New Delhi : India 's 14th National Electricity Plan ( NEP ) sets it on a path to more than triple its renewable energy capacity by 2030, but the country needs a whopping USD 293 billion to achieve this, according to a report released by global energy think tank Ember on Wednesday. The International Energy Agency ( IEA ) says the world must triple its renewable energy capacity and double energy efficiency by 2030 to decrease the need for fossil fuels and limit global warming to 1.5 degrees Celsius by the end of the century. Led by the US, the European Union (EU), and the UAE, over 60 countries now support the commitment to triple renewable energy and double energy efficiency. While the G20 nations have endorsed tripling renewable energy capacity by 2030 under India's presidency, the UAE, hosting this year's UN climate conference, advocates for a global agreement on this at COP28. Ember's analysis reveals that India requires an additional financing of USD 101 billion (one billion=Rs 100 crore) to further expand its renewable energy capacity and align with the IEA's proposed net-zero scenario. The IEA's Net Zero Emissions by 2050 Scenario outlines a global pathway to achieve net zero CO2 emissions by 2050, with advanced economies reaching net zero emissions ahead of others. In climate terms, net zero means achieving a balance between the greenhouse gases put into the atmosphere and those taken out. The Ember report suggests that India is already planning a substantial increase in renewable energy, making it feasible to achieve the goal of tripling renewable energy capacity. However, if the country aims to follow the IEA's plan and achieve "net-zero" status (where it doesn't produce more greenhouse gases than it removes), it needs to set even higher goals. This implies that India would need to generate around 32 per cent of its energy from solar and 12 per cent from wind by 2030. To achieve this, India will need to add an additional capacity of 115 GW of solar and 9 GW of wind by 2030, on top of the targets set in its NEP14 plan. This will increase India's total renewable capacity to 448 GW of solar and 122 GW of wind by 2030. India's current goal is to reach 500 GW of installed electricity capacity from non-fossil fuel sources by 2030. Between 2023 and 2030, the country requires USD 293 billion to meet its current goals for solar and wind power, the report said. However, to further expand the country's renewable energy capacity to align with the IEA net-zero pathway, it will need an additional USD 101 billion. The think tank highlighted issues such as payment delays and unfavourable rules and regulations that deter investors from providing the necessary funding to achieve these goals. The financial requirements to achieve both the NEP14 target and the IEA net-zero scenario far surpass the current investment and funding capacities available in India, the report said. Neshwin Rodrigues, Ember's India Electricity Policy Analyst, said, "Despite investment risks, India needs financing to build capacity in renewables, storage, and transmission to meet the NEP14 targets. To further enhance ambitions to align with the global net-zero pathway, securing significantly more financing at competitive rates will be crucial to ensure India's viability in reaching this goal. Access to this finance is critical for India to avoid constructing new coal capacity to meet its rising demand in this decade." Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on india renewable energy capacity iea nep international energy agency european union new delhi renewable energy National Electricity Plan global warming (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service Irdai ups scrutiny of broking deals, approvals take longer Star's revenue from sports biz drops 39% Luxury inc sees India as the next big destination Working towards completing merger deal with Sony: ZEEL At Balaji, get a taste of big things to come Chinese handset companies low share in India's exports draws govt ire Rediffusion, star spar over Kabaddi ad Japan's Mizuho lines up Rs 4,100 crore for India CCI approves Atlas’ stake hike in Vodafone Group 1 2 3 4 5 6 7 8 9 10

762454

nan

GlobeNewswire

Research and Markets

Disaster Recovery as a Service (DRaaS) Markets, 2023-2028 with AWS, Microsoft, IBM, VMware, 11:11 Systems, Recovery Point Systems, InterVision Systems, TierPoint, Infrascale, and Zerto Dominating

Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Disaster Recovery as a Service (DRaaS) Market by Service Type (Backup & Restore, Real-Time Replication, Data Protection), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical and Region - Gl…

https://www.globenewswire.com/news-release/2023/11/29/2787561/28124/en/Disaster-Recovery-as-a-Service-DRaaS-Markets-2023-2028-with-AWS-Microsoft-IBM-VMware-11-11-Systems-Recovery-Point-Systems-InterVision-Systems-TierPoint-Infrascale-and-Zerto-Dominat.html

https://ml.globenewswire.com/Resource/Download/908fb457-7f8e-4a08-9081-5565e3dfb3d7

2023-11-29 10:33:00

Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Disaster Recovery as a Service (DRaaS) Market by Service Type (Backup &amp; Restore, Real-Time Replication, Data Protection), Deployment Mode (Public Cl… [+11599 chars]

Finance

Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The"Disaster Recovery as a Service (DRaaS) Market by Service Type (Backup & Restore, Real-Time Replication, Data Protection), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical and Region - Global Forecast to 2028"report has been added toResearchAndMarkets.com'soffering. The DRaaS market size is expected to grow from USD 10.7 billion in 2023 to USD 26.5 billion by 2028 at a compound annual growth rate (CAGR) of 19.8% The market study covers the DRaaS market across segments. It aims at estimating the market size and the growth potential across different segments, such as service types, organization sizes, verticals, deployment modes, and regions. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. The major factor driving demand for DRaaS is increased awareness of robust data protection and business continuity strategies that DRaaS offers to companies. With the continuous growth of data volumes and the rising sophistication of cyber threats, DRaaS is poised to evolve into a more comprehensive and proactive solution. Organizations can expect DRaaS to integrate seamlessly with advanced technologies such as artificial intelligence and machine learning in the coming years. These technologies will enable predictive analytics, allowing organizations to anticipate potential disasters and take preemptive measures to safeguard their data and operations. Additionally, the integration of edge computing and 5G networks will enhance the speed and reliability of data recovery, ensuring minimal downtime during a disaster. Moreover, the cloud will continue to play a central role in the future of DRaaS. Public and private cloud approaches will become more prevalent, offering greater flexibility and redundancy in data storage and recovery. This shift towards cloud-native solutions will also simplify scalability and management, making DRaaS more accessible to organizations of all sizes. Some of the significant DRaaS market vendors are AWS (US), Microsoft (US), IBM (US), VMware (US), 11:11 Systems (US), Recovery Point Systems (US), InterVision Systems (US), TierPoint (US), Infrascale (US), and Zerto (US). By vertical, the IT & ITeS segment holds the highest CAGR during the forecast period The DRaaS market by vertical is divided into BFSI, Telecommunications, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Media & Entertainment, Healthcare & Life Sciences, and Other Verticals. The IT & ITeS segment is estimated to grow at the highest CAGR during the forecasted DRaaS market. The IT and ITeS sector heavily relies on technology and data to deliver services and solutions. DRaaS offers a comprehensive framework to counter potential disruptions, such as system failures, cyber incidents, or natural disasters. By continuously replicating critical data and applications to secure off-site or cloud environments, DRaaS minimizes downtime, ensuring prompt recovery and preserving the integrity of operations. Data protection is paramount in the IT and ITeS sector due to the sensitive information handled. DRaaS solutions encompass encryption, secure storage, and compliance adherence, bolstering data security and mitigating breaches or data loss risks. Business continuity is crucial for IT and ITeS companies, given that their operations often affect clients across various industries. DRaaS enables these organizations to restore services quickly, meet client demands, and fulfill contractual obligations, even in disruptions. Additionally, DRaaS's scalability suits the dynamic nature of the IT and ITeS sectors. These companies can efficiently adjust their resources based on the evolving data volumes and recovery needs, thus optimizing costs and operational efficiency. The IT and ITeS sector is well-versed in technological advancements, and DRaaS providers are constantly innovating to meet their evolving demands. Solutions such as testing environments, hybrid cloud setups, and seamless application integration ensure that DRaaS aligns with the sector's complex IT ecosystems. In summary, DRaaS is a crucial IT and ITeS industry component, providing strong data protection, rapid recovery, compliance adherence, and efficient business continuity. By embracing DRaaS, IT and ITeS companies can maintain their commitment to clients, strengthen data security, and navigate the rapidly changing landscape with resilience and confidence. Based on organization size, the large enterprises segment holds the largest market share during the forecast period The DRaaS market, by managed security service, is segmented into large enterprises and SMEs. The large enterprises segment is expected to hold the largest market share during the forecast period. The large enterprises segment is crucial in shaping the DRaaS market landscape. These organizations are of significant size and have extensive operations and large volumes of data and critical applications. As a result, large enterprises significantly influence demand and innovation within the DRaaS sector. Large enterprises are among the leading consumers of DRaaS services due to their efficiency, scalability, and cost-effectiveness in managing complex ecosystems. Moreover, these enterprises operate in highly regulated industries such as finance, healthcare, and government, where DRaaS solutions meet stringent compliance requirements by providing secure data replication, encryption, and recovery mechanisms. Considering their responsibility for handling sensitive information, large enterprises seek DRaaS solutions that align with their data protection and privacy needs. By embracing DRaaS, large enterprises ensure operational resilience, data protection, and compliance adherence in the face of disruptive events. Their intricate IT landscapes and compliance demands contribute significantly to the evolution and expansion of the DRaaS market. In summary, the large enterprises segment is a driving force in the DRaaS market, propelling the growth and refinement of DRaaS solutions. Based on deployment mode, the private cloud segment holds the highest CAGR during the forecast period The DRaaS market, by deployment mode, is segmented into public cloud and private cloud. The private cloud segment is estimated to grow at the highest CAGR during the forecasted DRaaS market. In the DRaaS market, private cloud deployment is a crucial option for businesses that need a secure and tailored solution for data recovery. Private cloud deployment creates a dedicated and isolated cloud environment for disaster recovery. This approach ensures that all a business's critical data and applications are stored and managed securely in a controlled ecosystem, providing a high level of data privacy and compliance adherence. One of the main advantages of private cloud deployment in the DRaaS market is its heightened security. Companies that handle sensitive data or operate in regulated industries can maintain greater control over their data, security protocols, and access mechanisms. This level of control significantly reduces the potential risks associated with data breaches or unauthorized access. Private cloud deployment offers businesses the benefit of customization and scalability. Organizations can tailor their private cloud environment to suit their requirements, optimizing resource allocation and recovery processes. Efficiently scaling resources enables companies to adapt to changing data volumes and recovery demands. Although private cloud deployment provides enhanced security and customization, it may require more substantial initial investments than public cloud alternatives. Setting up and maintaining a private cloud infrastructure demands higher technical expertise and financial commitment. Key Attributes: Premium Insights Case Study Analysis Market Dynamics Drivers Restraints Opportunities Challenges Company ProfilesMajor Players Other Players Smes/Startups For more information about this report visithttps://www.researchandmarkets.com/r/gusxqk About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment

762582

nan

The Indian Express

Trends Desk

Australian teacher shows how to speak English the Shashi Tharoor way. Watch

The man named Jay teaches English online to Indians, Pakistanis and Bangladeshis according to his Instagram bio.

https://indianexpress.com/article/trending/trending-in-india/australian-teacher-shows-how-to-speak-english-the-shashi-tharoor-way-9046826/

2023-11-29 06:24:29

Congress MP Shashi Tharoor is renowned for his impeccable English and his penchant for using words that make people scrambling for a dictionary. The 67-year-old is a logophile when it comes to vocabu… [+1713 chars]

Instagram

Congress MPShashi Tharooris renowned for his impeccable English and his penchant for using words that make people scrambling for a dictionary. The 67-year-old is a logophile when it comes to vocabulary and his command over Queen’s English is something that may even make native Britishers envious. A man from Australia, Jay, who teaches English online emphasised what makes Tharoor stand out when it comes to speaking the language. Jay teaches English to Indians, Pakistanis and Bangladeshis according to his Instagram bio. His account @jayteacher_ has more than 68,000 followers. In one of his videos, he taught his followers how to speak likeShashi Tharoor. “When Shashi Tharoor speaks English, it sounds absolutely beautiful,” he said. Jay said one thing that Tharoor does really well is he emphasises the right syllable within the word to give it maximum power. He then played an audio of Tharoor in which he said, “So when it comes to pleasure, most youngsters nowadays prefer looking at a screen, their mobile phone or laptop, PlayStation or Nintendo.” Jay then taught his followers how Tharoor didn’t say the words “pleasure” or “prefer” or “Nintendo” equally but spoke each word with the right emphasis on the syllable. He said syllable stress can be a difficult task to master for someone from India as their first language has a different rhythmic structure. “Shashi Tharoor’s English accent is beautiful. How does it sound so good? One part is syllable stress – the rhythm of the words,” he wrote as the caption. Watch the video below: A post shared by Jay Teacher (@jayteacher_) “This is quite helpful.. I have been watching him from long time. But I was busy being impress. I love how easy you made learn this,” a user commented. “That doesn’t mean English spoken elsewhere other than the native-speaking countries is wrong,” said another. “All that is fine. How does he remember so many words? Thats the real issue I have to reach to his level,” wrote a third.

762586

rt

RT

RT

Instagram algorithm sexualizing children – WSJ

The Instagram Reels algorithm recommends explicit videos of children and overtly sexual adult content, a WSJ investigation has found Read Full Article at RT.com

https://www.rt.com/news/588206-instagram-algorithm-sexualizes-children/

2023-11-29 13:14:48

The algorithm behind Instagram’s Reels service has been found to recommend “jarring doses of salacious content” involving children to test accounts set up by the Wall Street Journal, in an investigat… [+2029 chars]

Instagram

The algorithm behind Instagram’s Reels service has been found to recommend“jarring doses of salacious content”involving children to test accounts set up by the Wall Street Journal, in an investigation published on Monday. The outlet says the purpose of the investigation was to see what kind of content the platform would suggest to accounts that primarily follow young gymnasts, cheerleaders, and other teen and preteen influencers. The WSJ says it decided to conduct the test after noticing that many of the subscribers to these types of accounts were adult men, some of whom had also demonstrated interest in sexual content related to both children and adults. During its testing, the outlet claims that Instagram’s algorithm served up a large amount of salacious content, including“risqué footage of children as well as overtly sexual adult videos.”In between those videos, the WSJ says the platform also featured ads for some of the biggest US brands. In one example, the outlet says Instagram offered a stream of videos which included an ad for a dating app, a video of someone stroking a life-size latex doll, and a video of a young girl lifting her shirt to expose her midriff. Another stream featured a commercial, followed by a video of a man lying on a bed with his arm around a ten-year-old girl. According to the WSJ, the Canadian Center for Child Protection ran similar tests on Instagram and reported similar results. Meta Platforms, which owns Instagram and Facebook, responded to the WSJ investigation by stating that the outlet’s tests produced a“manufactured experience”that does not represent what the vast majority of its billions of users see. Nevertheless, a number of businesses have chosen to cancel advertising for their products on Meta’s platforms, with Match spokeswoman Justine Sacco saying,“We have no desire to pay Meta to market our brand to predators or place our ads anywhere near this content.” Last month, Instagram was also targeted in a lawsuit filed by the attorneys general of 41 US states, which accused the platform and its parent company of contributing to an ongoing mental health crisis among young people by purposely enticing them into compulsive social media use.

762587

nan

The Indian Express

Jignasa Sinha

Rashmika Mandanna deepfake video probe hits a wall: US tech firms not sharing data, say Delhi Police

A senior police officer said they had detained a man from Bihar and seized his device. They allegedly found a URL and details of the Instagram reel which the suspect allegedly used to create the deepfake using an AI tool.

https://indianexpress.com/article/cities/delhi/rashmika-mandanna-deepfake-video-probe-us-tech-firms-not-sharing-data-police-9047200/

2023-11-29 10:43:36

The investigation into the deepfake video of actress Rashmika Mandanna has hit a wall as tech companies on whose websites the video was shared have not been able to provide details to take the case f… [+2649 chars]

Instagram

investigation into the deepfake video of actress Rashmika Mandanna has hit a wall as US-based tech companies, whose portals were purportedly used to make and share the AI-edited/deepfake video, have not provided details to take the case forward, police sources said. TheDelhiPolice’s Special Cell had taken up the case on November 10 after the video was uploaded on social media. The original video was of another woman who was seen entering a lift in a black outfit. The accused allegedly used AI to morph Mandanna’s face onto the face of the woman in the video. Sources in the cyber cell said despite multiple requests and letters to social media giant Meta and tech company GoDaddy, they have not shared details. A senior police officer said they had detained a man from Bihar and seized his device. They allegedly found a URL and details of the Instagram reel which the suspect allegedly used to create the deepfake using an AI tool. A source said the police’s first and second appeals regarding the information on the video and profiles/accounts (that shared the video) were accepted and Meta replied with information. However, their third appeal, in which they sent a URL, has not been accepted. “We had sent the URL of the Instagram account and reel to Meta authorities. They came back to us saying they don’t have data for the said account. We told them the suspect deleted the account and information and asked if they could hand us their old data. They have not been cooperating with us. Similarly, we found a URL hosted on GoDaddy.com and sent their team a letter to help us with the website but they replied saying they don’t have records for the URL. These are companies that usually save old data,” said the officer. A Meta spokesperson denied the allegations and said they are cooperating with the Delhi Police. GoDaddy did not respond to calls and emails sent byThe Indian Express. The officer, meanwhile, added that the creator of the deepfake video hasn’t been found and that they can only detain persons who shared the video and question them. Sources added that the accused used a fake identity and VPN for the account which can be decoded once the tech companies share details of IP addresses and other user information. Earlier this year, Meta had conducted an event at the Delhi Police’s HQ in New Delhi, called the ‘Online Safety of Youth and Women – Digital Literacy Program’. Officials had said they would be closely working with Meta to stop online harassment against women and children. Several cases of deepfake videos and audio, including faces of popular actors and actresses, have emerged in the last month. Prime MinisterNarendra Modihad recently expressed his concerns over the regulations of AI at a virtual summit of G20 nations and said deepfake is “dangerous” for society.

763065

the-times-of-india

The Times of India

ETMarkets.com

Colgate-Palmolive shares rise 0.72% as Sensex climbs

A total of 5,048 shares changed hands on the counter till 11:47AM (IST)

https://economictimes.indiatimes.com/markets/stocks/stock-watch/colgate-palmolive-shares-rise-0-72-as-sensex-climbs/articleshow/105583256.cms

2023-11-29 06:17:05

Virtual Influencers Now Making Real Money? AI, AI, Sir!As social media influencers, Kyra and Naina have hit the big time. Only thing is, theyre not actually real not entirely anyway. Titan, Realme, M… [+199 chars]

Instagram

Getty Images Shares of the Colgate-Palmolive (India) Ltd. traded at Rs 2196.7 on BSE at 11:47AM (IST) on Wednesday, up 0.72 per cent from previous close. The stock quoted a 52-week low price of Rs 1434.6 and a high of Rs 2206.5. Earlier, shares of the company saw a gap down opening in the morning. A total of 5,048 lakh shares changed hands on the counter till 11:47AM (IST). The stock of Colgate-Palmolive (India) Ltd. commands a market value of Rs 59809.64 crore. The stock traded at a price-to-earning (P/E) multiple of 50.98, while the price-to-book value ratio stood at 23.88. Return on equity (ROE) was at 60.84 per cent, according to exchange data. In the BSE500 pack, 326 stocks traded in the green, while 175 stocks were in the red. Promotor Holding Promoters held 51.0 per cent in the Colgate-Palmolive (India) Ltd. as of 30-Sep-2023 while foreign portfolio investors and domestic institutional investors owned 24.08 per cent and 5.57 per cent, respectively. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on colgate colgate palm. colgate palmolive Colgate Palmolive (India) Ltd colgate palmolive india (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763064

the-times-of-india

The Times of India

Divya Patil

Sunil Mittal's Bharti Telecom plans its biggest-ever rupee bond issuance with Rs 8,000-crore plan

The company is expected to seek bids this week for notes due in two-, three- and five years, the people said, who asked not to be identified as the details are private

https://economictimes.indiatimes.com/markets/bonds/sunil-mittals-bharti-telecom-plans-its-biggest-ever-rupee-bond-issuance-with-rs-8000-crore-plan/articleshow/105595701.cms

2023-11-29 11:40:33

Virtual Influencers Now Making Real Money? AI, AI, Sir!As social media influencers, Kyra and Naina have hit the big time. Only thing is, theyre not actually real not entirely anyway. Titan, Realme, M… [+199 chars]

Instagram

AFP Bharti Telecom Ltd., owned by Sunil Bharti Mittal, is planning to raise as much as Rs 80 billion ($961 million) in the local-currency bond market, according to people familiar with the matter. The company is expected to seek bids this week for notes due in two-, three- and five years, the people said, who asked not to be identified as the details are private. If the deal goes through, it will be Bharti Telecom’s largest ever rupee issuance, according to data compiled by Bloomberg. Bharti Telecom is coming to the bond market at a time when its unit, which is India’s second-largest wireless carrier Bharti Airtel Ltd., is rolling out 5G services across the country as it taken on its rival billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. The issuance is also Bharti's first in the onshore market in almost a year. It raised 32 billion rupees through three-year notes in December last year Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on sunil mittal bharti telecom bharti telecom news bharti telecom bonds bharti telecom rupee bond bharti airtel (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper and Sensex Today Live . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763066

the-times-of-india

The Times of India

ETMarkets.com

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 118.3 points up at 20008.0

https://economictimes.indiatimes.com/markets/stocks/stock-watch/share-market-update-most-active-stocks-of-the-day-in-terms-of-total-traded-value/articleshow/105582604.cms

2023-11-29 05:55:23

Virtual Influencers Now Making Real Money? AI, AI, Sir!As social media influencers, Kyra and Naina have hit the big time. Only thing is, theyre not actually real not entirely anyway. Titan, Realme, M… [+199 chars]

Instagram

Getty Images Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs. NEW DELHI: Indian Renewable Energy Development Agency Ltd.(Rs. 2037.19 crore), Adani Power(Rs. 1302.60 crore), HDFC Bank(Rs. 1108.18 crore), Zomato(Rs. 848.35 crore), Adani Transmission(Rs. 791.30 crore), Adani Gas(Rs. 784.66 crore), Adani Ent.(Rs. 730.47 crore), Zee Ent.(Rs. 514.70 crore), Aster DM Health(Rs. 499.64 crore) and Adani Green(Rs. 492.78 crore) were among the most traded securities on the National Stock Exchange at 11:25AM in Wednesday's session. The NSE Nifty index traded 118.3 points up at 20008.0, while BSE Sensex was up 391.05 points at 66565.25 as of 11:25AM(IST)on November 29. In the Nifty index, Hero MotoCorp Ltd.(up 2.93 per cent), Mahindra & Mahindra Ltd.(up 2.38 per cent), Tech Mahindra Ltd.(up 2.24 per cent), Wipro Ltd.(up 2.05 per cent) and Bharat Petroleum Corporation Ltd.(up 1.72 per cent) were among the top gainers. On the other hand, Adani Enterprises Ltd.(down 0.39 per cent), Oil And Natural Gas Corporation Ltd.(down 0.28 per cent), Titan Company Ltd.(down 0.18 per cent), NTPC Ltd.(down 0.17 per cent) and Adani Ports & Special Economic Zone Ltd.(down 0.16 per cent) were among the top losers. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on active stocks most active stocks active stocks today Indian Renewable Energy Development Agency Ltd. share price Adani Power share price HDFC Bank share price Zomato share price Adani Transmission share price (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763068

the-times-of-india

The Times of India

ET Now

In next 4 years, Tata Power adding 10 GW of renewable capacity: Praveer Sinha

“We expect that going forward every year Tata Power will be adding about 2-2.5 GW of renewable capacity. And to make the renewable capacity 24x7 available, we are setting up a pumped hydro plan. Our plan is to set up a 2,800 MW of pumped hydro, 1000 MW at Bhi…

https://economictimes.indiatimes.com/markets/expert-view/in-next-4-years-tata-power-adding-10-gw-of-renewable-capacity-praveer-sinha/articleshow/105580634.cms

2023-11-29 05:03:46

Virtual Influencers Now Making Real Money? AI, AI, Sir!As social media influencers, Kyra and Naina have hit the big time. Only thing is, theyre not actually real not entirely anyway. Titan, Realme, M… [+199 chars]

Instagram

ETMarkets.com Related Tata Power Renewable Energy secures 200 MW FDRE project Praveer Sinha , CEO & MD, Tata Power , says “we are again doing a lot of work on EV charging . We do home charging where we have nearly 65,000 chargers. We also do bus charging. We have nearly 600 bus chargers right from Srinagar, Jammu to Delhi, Mumbai, Bangalore, Kolkata, Ahmedabad, Jaipur. Similarly, we are putting public chargers across the country from Kashmir to Kanyakumari and from east to west.” What is being done on the renewable power front? We are adding new capacities in renewables and in next four years, we will be able to add more than 10 GW of renewable capacity, out of which more than 4 GW is already under implementation. We already have these projects which we have won orders and are executing. These are both group captive as well as utility scale and we expect that going forward every year we will be adding about 2-2.5 GW of renewable capacity. And to make the renewable capacity 24x7 available, we are setting up a pumped hydro plan. Our plan is to set up a 2,800 MW of pumped hydro, 1000 MW at Bhivpuri. Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website Indian School of Business ISB Chief Digital Officer Visit IIM Kozhikode IIMK Chief Product Officer Programme Visit IIM Lucknow IIML Chief Operations Officer Programme Visit EV charging is a tiny share right now for TPCL's overall business. What is the plan to increase EV charging stations or that part of the business? Also, can you talk on PVs as well as Green hydrogen? We are again doing a lot of work on EV charging. We do home charging where we have nearly 65,000 chargers. We also do bus charging. We have nearly 600 bus chargers right from Srinagar, Jammu to Delhi, Mumbai, Bangalore, Kolkata, Ahmedabad, Jaipur. Similarly, we are putting public chargers across the country from Kashmir to Kanyakumari and from east to west. Our businesses are basically divided between fleet chargers, public chargers and public transportation chargers and home chargers and in each one of them we have the number one position with maximum market share of nearly 60%. As and when we find the penetration of EVs increasing, we keep on adding these chargers to support EV users. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on renewable capacity Tata Power praveer sinha EV charging tata power share price home charging bus chargers expert view Stock Market et now (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763069

the-times-of-india

The Times of India

ETMarkets.com

Buy PCBL, target price Rs 290: JM Financial

PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power, Export Incentives and Scrap for the year ending 31-Mar-2023.

https://economictimes.indiatimes.com/markets/stocks/recos/buy-pcbl-target-price-rs-290-jm-financial/articleshow/105581210.cms

2023-11-29 05:10:29

Virtual Influencers Now Making Real Money? AI, AI, Sir!As social media influencers, Kyra and Naina have hit the big time. Only thing is, theyre not actually real not entirely anyway. Titan, Realme, M… [+199 chars]

Instagram

ThinkStock Photos Company reported net profit after tax of Rs 122.83 Crore in latest quarter. JM Financial has buy call on PCBL with a target price of Rs 290. The current market price of PCBL Ltd. is Rs 266.45. PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 9596.99 Crore) operating in Tyres sector. PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power, Export Incentives and Scrap for the year ending 31-Mar-2023. Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1489.39 Crore, up 10.20 % from last quarter Total Income of Rs 1351.50 Crore and down -8.72 % from last year same quarter Total Income of Rs 1631.63 Crore. Company reported net profit after tax of Rs 122.83 Crore in latest quarter. Connect with Experts - Wealth creation made easy (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on PCBL stocks carbon black ltd pcbl phillips phillips black phillips black ltd phillips carbon phillips carbon black phillips carbon black ltd phillips carbon black ltd. (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper and Sensex Today Live . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763375

nan

Forbes

Caleb Richter, Forbes Councils Member, Caleb Richter, Forbes Councils Member https://www.forbes.com/sites/forbesbusinesscouncil/people/calebrichter/

Is A Commercial Real Estate Crash Coming? What Industry Leaders Can Do

Broad market shifts often arrive in three distinct phases: denial, migration then panic.

https://www.forbes.com/sites/forbesbusinesscouncil/2023/11/29/is-a-commercial-real-estate-crash-coming-what-industry-leaders-can-do/

2023-11-29 12:45:00

Caleb Richter, CEO of MyEListing.com. getty Recent events have strained the U.S. commercial real estate (CRE) market, from the pandemics effects to the Federal Reserves battle with inflation. As fi… [+6329 chars]

Real estate

Caleb Richter, CEO of MyEListing.com. Recent events have strained the U.S. commercial real estate (CRE) market, from the pandemic’s effects to the Federal Reserve’s battle with inflation. As financing costs soar and commercial vacancies rise, echoes of past crises, like those in the 1980s, 2000 and 2008, resonate. Yet, to fathom the potential depth of an impending CRE dip, one must examine historical parallels. How Markets Move Broad market shifts often arrive in three distinct phases: denial, migration then panic. Denial is self-evident. Migration occurs when increasing numbers navigate to the opposite polarity, and panic is where everyone runs for the exit at once. We have seen denial, and we are seeing migration, as evidenced by transaction volume having plummeted and spreads between what buyers will pay and sellers will accept having widened. Panic can be averted temporarily, but such capitulation actually serves viable economic purposes. Once it occurs, the real work can begin. The US CRE Market As of Q2 2021, estimates put the U.S. CRE market’s aggregate value at a staggering $20.7 trillion. For context, this approximates the nation’s GDP in 2022, which was $25.46 trillion, as stated by the Bureau of Economic Analysis. Though liquid markets fluctuate swiftly, more cumbersome assets, like commercial properties, change hands more slowly. In turbulent times, these slow-moving, leveraged giants can spell both massive losses and unprecedented opportunities. Changing Needs Here’s what’s different today: A profound shift in the use of mostly office, but also retail spaces dominates today’s CRE landscape. The pandemic, with its resulting lockdowns, served as an epiphany for many. Many office-goers realized the feasibility of working remotely without the accompanying daily expenses; expenses, they discovered, that only accrued to them, not employers. Given Americans’ propensity for luxury and quality as underlying drivers, I think we are unlikely to see a shift back to less remote and more office work. Some estimates expect remote work to be embraced by nearly a quarter of workers by 2025, suggesting even less office space will be needed going forward. And retail spaces faced lower demand as homebound consumers relied more upon e-commerce for their daily needs, prompting new business creativity in responses. Bargaining Power Shifts For Employees Concurrently, the boomer generation’s entering mass retirement combined with a healthy entrepreneurial climate and structural worker shortages tilted the bargaining scales, allowing employees to negotiate better working parameters, often from the comfort of their homes. This new normal, however, left vast office spaces underutilized or unused, yet still accruing costs and foreshadowing the erosion of value. Office Buildings As The Linchpin These commercial structures aren’t merely concrete and glass: They signify value for property owners and their lenders; value, that is, if they are utilized as intended. Should they become redundant, a significant portion of the economy stands at risk. Given Nareit’s 2021 estimate that the office market hovers around $3.2 trillion in value, even if half of it falters, the ripple effects could be monumental. And office buildings today are only about half occupied, on average, according to Kastle Systems. A domino effect could ensue: Foreclosures, strategic defaults, selloffs, layoffs, bankruptcies, and regional weaknesses could be magnified. Cities—reliant on property taxes—could face economic stagnation or even bankruptcy, requiring bailouts. Increased federal spending on items without economic return could crowd out better expenditures. All these are likely in some measure. It paints a potentially grim picture, but is it the likeliest outcome? America’s Silver Lining Amid the looming shadows, several factors position the U.S. uniquely for ultimate recovery: • Demography: The U.S. has a robust millennial population of about 72 million, ensconced on either side by slightly smaller generations. • Economic influence: As the anchor of the global economic order, the U.S.’s command over the world-reserve U.S. dollar and dollar-denominated assets is unrivaled. Contrary to semi-popular belief, there is no actual rival to the U.S. dollar’s function in the world. • Inherent strength: Millennials, about two times more likely to possess a college degree than their boomer counterparts, are the torchbearers of the new era. The freedom and optionality of remote work, combined with the potential of intercity high-speed rail, promise a lifestyle revolution akin to the suburban migration facilitated by the Interstate Highway System for the boomers. What CRE Leaders Can Do Today’s CRE leaders can use the current set of circumstances to demonstrate their adherence to sound investment philosophy and to guide future leaders as they should guide others when their moment arises. Warren Buffett’s oft-repeated aphorism to be greedy only when others are fearful and vice versa rings quite poignantly today. But they must also be careful; it is an important skill to recognize when something fundamental has shifted such that things are not likely to cycle back as they normally would. Office property is a good example. Remote work has fundamentally shifted how we produce and deliver certain value types. This is unlikely to revert. Office properties are, therefore, too prevalent, and their market is unlikely to normalize until many are repurposed or replaced. To maximize one’s chances of success in CRE, it is important to be able to discern between cyclical and secular market machinations. The Bigger, Longer-Term Picture Geographically blessed, demographically poised and economically resilient, the U.S. faces a potential real estate challenge that could be severe and possibly contagious. Yet, when considering the multitude of strengths at its disposal and the promise held by the millennial generation, a bright horizon appears evident. Anxieties remain, but so does an unyielding optimism for the economy’s long-term trajectory. So how bad could it get? The potential exists for a sub-optimal scene to unfold and conflate, certainly. But in the real world, we deal in likelihoods instead of potentials. Given the systemic inputs as I’ve outlined them, I believe the risk lies more in missing the next move than avoiding any impending one. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

763391

nan

International Business Times

AFP News

Austria Property Giant Signa To File For Insolvency

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.

https://www.ibtimes.com/austria-property-giant-signa-file-insolvency-3719679

2023-11-29 12:03:05

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection a… [+1576 chars]

Real estate

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring. "Despite considerable efforts in recent weeks, the necessary liquidity for an out-of-court restructuring could not be sufficiently secured, so Signa Holding GmbH is applying for restructuring proceedings with self-administration," the company said in a statement. Earlier this month, Signa said it would present plans for the company's restructuring by the end of the month. Rene Benko -- one of Austria's richest men -- founded Signa in 2000 and has grown it into a conglomerate with interests from real estate to media. In its press release on Wednesday, Signa said its retail investments "did not bring the expected success" with the sector under "severe economic pressure" in Europe, while also citing a "negative impact on business development in the real estate sector in recent months". The company said it would initiate insolvency proceedings at a Vienna court on Wednesday. "The aim is the orderly continuation of operational business operations within the framework of self-administration and the sustainable restructuring of the company," it added. The restructuring proceedings fall under insolvency proceedings in Austria. Several Signa projects, including the construction of a landmark high-rise in Germany, have ground to a halt, as the construction sector is hit by higher borrowing costs and surging material prices. With offices in Austria, Germany, Italy, Luxembourg and Switzerland, Signa has holdings worth 27 billion euros ($29 billion) and projects worth 25 billion euros in development, according to its website.

763404

nan

Globalsecurity.org

John Pike

Chinese banks asked to provide more liquidity support for property developers

Inspired by recent government policies to bolster financing needs of real estate enterprises, major banks in China have proactively initiated roundtable discussions with the cash-strapped developers, weighing more financing support to help them navigate throu…

https://www.globalsecurity.org/wmd/library/news/china/2023/11/china-231128-globaltimes02.htm

nan

2023-11-29 07:27:21

Global Times By Global Times Published: Nov 28, 2023 02:59 PM Updated: Nov 28, 2023 02:28 PM Inspired by recent government policies to bolster financing needs of real estate enterprises, major bank… [+3106 chars]

Real estate

Global Times By Global Times Published: Nov 28, 2023 02:59 PM Updated: Nov 28, 2023 02:28 PM Inspired by recent government policies to bolster financing needs of real estate enterprises, major banks in China have proactively initiated roundtable discussions with the cash-strapped developers, weighing more financing support to help them navigate through a property market slump. China Construction Bank (CCB) announced in a statement on Monday that it has held discussions with six major real estate enterprises in the country, including Longfor Group, Vanke Group, Seazen Holdings, Hangzhou Binjiang, Midea Real Estate, and Dahua Group. Property developers are currently facing temporary difficulty and liquidity constraint, though the real estate market is showing signs of stabilization. The next important steps are to improve the level of sector management and product strength, the developers said, according to the statement. CCB noted that as urbanization in China remains in the expansion trajectory, with a sizable population waiting to become new urban residents, housing market demand will continue to rise. The pivotal role of the real estate industry will not change, and in the long-term perspective, the industry still has a solid foundation and extensive space for growth. The developers attending the meeting were described as of "relatively good-quality," signaling that the banks are suggested to fully and effectively provide liquidity support for those housing enterprises, Yan Yuejin, research director at Shanghai-based E-house China R&D Institute, told the Global Times on Tuesday. The major lenders are expected to ramp up their efforts over the upcoming period to back up the developers, which could involve steps such as establishing "fast-track" loan approvals, reducing interest rates for housing loans and the mortgages, among other measures, Yan said. According to media reports, Bank of Communications held a meeting with select developers in Shanghai on Monday. Vanke Group, Greentown China and other 13 developers attended the meeting. Relevant government departments have released policy guidelines in the past months, to guide banks and other financial institutions towards strengthening support for the cash-strapped developers. On Monday, China's central bank and other seven central government departments issued a notice on strengthening financial support for the development and growth of the private economy, including reasonably meet the financial needs of private developers. More efforts should be made to implement relevant government policies extending financial support for the real estate sector, to shore up the stability of key financing channels such as credit lines and bonds, according to the notice. In a separate document released on Monday by the central bank, which detailed China's monetary policy implementation in the third quarter, the People's Bank of China reiterated its commitment to meet the reasonable financing needs of the developers of different ownerships on an equal footing. The central bank also emphasized its support for the developers to engage in reasonable equity financing on the capital market.

763423

nan

Forbes

Expert Panel®, Forbes Councils Member, Expert Panel®, Forbes Councils Member https://www.forbes.com/sites/forbestechcouncil/people/expertpanel/

20 Ways Tech Startups Could Tap Into A Trillion-Dollar Space Industry

From providing support services for space-focused efforts to leveraging access to unique resources, an exciting time for new tech startups may be on the horizon.

https://www.forbes.com/sites/forbestechcouncil/2023/11/29/20-ways-tech-startups-could-tap-into-a-trillion-dollar-space-industry/

2023-11-29 13:15:00

getty Globally, eyes are turning to the skies again, and the economic impact could be huge: Morgan Stanley has estimated that the space industry could generate revenue of more than $1 trillion or mo… [+9598 chars]

Real estate

Globally, eyes are turning to the skies again, and the economic impact could be huge: Morgan Stanley has estimated that the space industry could generate revenue of more than $1 trillion or more by 2040. Obviously, the space industry can’t function without technology, but the technology industry also stands to benefit from the renewed pursuit of space research and travel. With foresight and ingenuity, ambitious startups could not only support space operations, but also improve daily life here on Earth. From providing support products and services for space-focused efforts to leveraging newly acquired access to unique resources, an exciting time for new tech startups may be on the horizon. Below, 20 members of Forbes Technology Council discuss ways tech companies could soon both serve and benefit from the burgeoning space industry. 1. Service Satellites A satellite servicing startup could address the rising need to maintain and enhance communication, earth observation and scientific satellites. Services would encompass inspection, maintenance, refueling and technology upgrades. These efforts would not only reduce space debris, but also promote sustainability, job creation and technological innovation in space operations. - Shelli Brunswick, Space Foundation 2. Ensure Cybersecurity ​​Next-generation cybersecurity must embrace zero trust to ensure trusted multiparty interactions across systems and operations, spanning cloud-based operational centers to on-board interactions within platforms designed for specific space operations. This ground-space convergence requires identity-based control and distributed, highly available data-sharing security across ground and space. - Duncan Greatwood, Xage Security Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify? 3. Extend Global Internet Coverage Startups can drive not only commercial value in the space economy, but also inclusive value. Take the expansion of megaconstellations—networks of thousands of satellites in low Earth orbit—that are extending internet coverage around the world. They are helping communities in the most remote places on Earth access the internet and benefit from digital services. Space is for all, not the few. - Mike Bechtel, Deloitte Consulting LLP 4. Develop Guidance Systems Powered By Artificial Intelligence As launches proliferate, space grows perilously crowded. Increasingly, spacecraft need a way to navigate this cosmic traffic jam and evade space debris. Future satellites will require nimble, AI-guided systems that constantly learn and improve their sensing capabilities to spot and avoid hazards, providing an opportunity for startups focused on computer vision to solve this growing problem. - Tim Reed, Lynx Software Technologies 5. Manage And Move Freight Much like here on Earth, supply chain logistics will be the driver of growth and innovation in space. Startups that can create novel, cost-effective ways to consistently move freight into low Earth orbit and then on to final destinations will be well-positioned to own a large part of that $1 trillion revenue. - Dustin Verdin, Zipline Logistics 6. Analyze Space-Related Data As with every new horizon, the power of data carries the power to inform. Acting now on space-related data analytics and insights will create the knowledge that pursuant innovation and invention will need—both for Earth observation and sustainability and next-generation space advancements and asset management. Data analytics is a promising avenue for innovation and revenue generation in the space sector. - Paula Kennedy Garcia 7. Manufacture Needed Fixtures After spending more than a decade supporting the space industry, I can attest that an often-overlooked area in which a startup could provide high value with low competition is fixture manufacturing. An ongoing challenge facing the space industry is the shortage of toolmakers. Every day, there is a need for making, revising or repairing fixtures. - Rob Tillman, Copy Chief© 8. Join The ISAM Sector In-space servicing, assembly and manufacturing—or ISAM—represents an emerging field with notable potential. Encompassing tasks such as carrying out satellite servicing missions (refueling, repairing and upgrading), assembling large structures and even manufacturing components in space, ISAM could revolutionize the economics of space missions by extending satellite lifespans, enabling new architectures and reducing costs. - Joey Burzynski, MarketKarma 9. Develop Satellite-Based IoT Solutions A startup tech company could capitalize on the space industry’s growth by developing satellite-based Internet of Things solutions. Satellite IoT provides global coverage, supporting logistics, remote operations and real-time data collection. This approach taps directly into the increasing demand for connectivity and data-driven insights on a global scale. - Madani Boukalba, T-RIZE Group Corporation 10. Mine For Precious Materials We rely on a variety of raw and precious materials for products ranging from electronics to machinery to medicine. However, many of these resources are finite or nonrenewable, and the extraction of such materials can be harmful to the environment. Startups advancing the concept of “asteroid mining” or “space mining” might sustain our digital, industrialized world in an Earth-friendly manner. - Christopher Stauffer, STAUFFER 11. Help Companies With Regulatory Concerns If we end up with people and entities doing business in space, there will surely be a whole new set of regulations developed to ensure data protection and security in this field. There will likely be huge potential for a startup focused on helping companies understand and comply with new regulations and security frameworks. - Meiran Galis, Scytale 12. Produce Advanced Materials In Space Certain alloys or pharmaceutical compounds could be produced with higher purity or novel structures in space. By pioneering methods to manufacture and then safely transport these unique products back to Earth, a startup could position itself at the center of a transformative industry at the intersection of space technology and advanced materials. - Ranghan Venkatraman, Rezilyens LLC 13. Provide Satellite Data As A Service A tech startup could focus on satellite data as a service, providing access to satellite data and analytics tools on a subscription basis. There could be a wide range of applications, including agriculture, construction, disaster response and environmental monitoring. - Tanay Shah, Amazon 14. Register And Manage Space Assets Startups could focus on space real estate and asset management using blockchain technology. As space activities grow, a blockchain-based “Land Registry” for space assets, including satellites and mining stations, would be invaluable. This would offer a transparent, immutable record for legal compliance and dispute resolution, thereby laying the economic foundation for space commerce. - Andres Zunino, ZirconTech 15. Clean Up Space Debris A startup tech company could concentrate on space debris cleanup solutions. There’s an increasing amount of space debris, and it’s endangering satellites and space infrastructure. A company could develop innovative technologies and services to remove and manage this debris, ensuring safer and more sustainable operations in space while also contributing to long-term environmental stewardship in the cosmos. - Jagadish Gokavarapu, Wissen Infotech 16. Develop Ecofriendly Rocket Fuels To tap into the burgeoning space industry, startups can pioneer alternative rocket fuel technologies. By developing efficient, ecofriendly propulsion systems, startups can drastically reduce the cost and environmental impact of launches. Such innovations can democratize space access, making exploration and commercial endeavors more affordable and sustainable, thus driving the industry’s potential. - Somdip Dey, Nosh Technologies 17. Enhance Satellite Propulsion Systems A startup could focus on developing innovative satellite propulsion systems to enhance satellite capabilities and support the growing demand for global connectivity and Earth observation. With the increasing demand for satellite deployment, maneuverability and sustainability, innovation in propulsion technology is essential. - Deepak Gupta, Cars24 Financial Services 18. Build Specialized Microsatellites A startup tech company could focus on developing microsatellites for specific applications, such as precision agriculture, climate monitoring or broadband internet delivery. These small, cost-effective satellites can be deployed in constellations to provide real-time data and coverage. Tapping into this niche could position a startup as a key player in the expanding space-based data ecosystem. - Akaash Ramakrishnan, AdSkate Inc. 19. Create A Comprehensive Health Monitoring App As humanity ventures further into space, the challenges tied to health management become more complex. A startup could focus on developing a comprehensive health monitoring app tailored for astronauts and space tourists. This technology would not only track vital statistics and daily health metrics, but would also consider the unique effects of zero gravity, cosmic radiation and prolonged space travel. - Marc Fischer, Dogtown Media LLC 20. Pioneer Advanced Crop Development As we explore long-term space habitation, startups could pioneer advanced systems for cultivating crops in space or on other planets. By utilizing a blend of AI, biotech and nanotech, these platforms could optimize growth in low-gravity, high-radiation environments, ensuring sustainable food sources for astronauts and future space pioneers. - Marc Rutzen, HelloData.ai

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nan

Forbes

Expert Panel®, Forbes Councils Member, Expert Panel®, Forbes Councils Member https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/people/expertpanel/

20 Ways To Keep Your Confidence Level Up In A Cold Business Climate

Stay laser-focused on value creation. It's easy to get discouraged when budgets tighten and deals take longer to seal.

https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2023/11/29/20-ways-to-keep-your-confidence-level-up-in-a-cold-business-climate/

2023-11-29 13:15:00

getty As a business developer trying to sell your pitch to potential partners and clients in a challenging marketplace, there will be times when you feel like nothing can stop you from reaching your… [+9501 chars]

Real estate

As a business developer trying to sell your pitch to potential partners and clients in a challenging marketplace, there will be times when you feel like nothing can stop you from reaching your quarterly goals. On other days—when you are dealing with obstacles—it can make you want to throw in the towel and walk away. Below, 20 Forbes Business Development Council members each offer one tip to encourage business leaders and their teams not to give up on their short- and long-term goals in a tough economy. 1. Maintain Your Drive In Good Times And Bad Keep driving forward at all times and never look back in down economic times or in prospering times! Maintain your drive and commitment and the dividends will pay out over time. You will need to be more patient due to a lot of contacts changing seats or having internal issues on the other side, so you need to be mindful of what everyone around you is also going through. - Jack Wagner, Hawk Ventures 2. Find An Established Mentor It's important to find a mentor—ideally, it will be someone who has been in this business longer than you have and who can listen to you and provide advice during good times and bad times. More likely than not, they have experienced similar markets and economic situations and can serve as a source of motivation for you. Additionally, a good mentor will hold you accountable for said goals. - Hayden Stafford, Seismic 3. Develop Your Resilience Do not give up on short- and long-term goals in a tough economy. In times like these, setbacks and obstacles are inevitable. Resilience means developing the mental and emotional strength to bounce back from disappointments, adapting to changing circumstances and remaining committed to your goals. Stay flexible and be willing to adjust your strategies while keeping your long-term vision in mind. - Sarah Dant, 7Factor Software 4. Focus On Value Creation Stay laser-focused on value creation. It's easy to get discouraged when budgets tighten and deals take longer to seal. However, providing real value to customers is resistant to market fluctuations. During tough times, refocus on understanding your customers' highest priorities and crafting solutions that deliver significant ROI, operational efficiency or strategic advantage. - Somnath Roy, Google Cloud Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify? 5. Be Committed To Your Mission Statement History teaches us a lot. Overall, when a commodity is of "value," then it will appreciate over time—whether it's gold, real estate or a successful business meeting a niche. Focus harder on your goals and stay committed to your mission statement. - Shahzad Anwar, Modern Aesthetics & Wellness 6. Play The Long Game In my experience, the most effective biz development professionals are those who play the long game versus the short game—specifically, with soft demand or economic downturn. For example, during the pandemic, top performers learned to reinvent themselves and their approach. Pitch a new solution, collaborate with trusted partners to devise new products that play into the new economy or market and innovate. - Christina Noble, Medikarma Inc. 7. Make Investments In Your Team During The Storm Everything is cyclical. The businesses that invest during the tough times will weather the storms and emerge even stronger once the economy turns around. We’ve seen many companies that invested in their people with sales training during the pandemic emerge as much stronger competitors. Biz dev professionals who are both consistent and persistent will win the long game. - Julie Thomas, ValueSelling Associates 8. Expand Global Market Reach To Diversify Revenue Streams Focusing on long-term goals while adapting to the economy and expanding into new global markets and industries can help diversify revenue and future-proof business. In the short term, focus on customer outcomes and differentiate yourself by leading with customer empathy and understanding what would drive their success even during measured buying decisions. - Tirtha Chavan, Salesforce 9. Find A Hobby, Exercise And Network Ups and downs are a part of any environment. People who can excel in both circumstances have an internal coping mechanism that will protect them from externalities. My top three recommendations are to find a hobby outside of work, practice a strong exercise regimen and build a network of friends. These breaks do more for the mind and keep you on top of your game. You should also make sure to get sound sleep at night. - Darsh Singh Mann, StartX 10. Explore Sectors With Enduring Demand In challenging economies, explore sectors with enduring demand, like energy or healthcare. Adapting your focus can safeguard your goals in both the short and long term. Flexibility and resilience can be key assets for success in a tough economy. - Kyle Pukylo, NuCycle Energy 11. Adjust Your Strategies, Embrace Innovation And Focus On Customer Needs It's essential to stay adaptive and resilient. In tough economies, revisiting and adjusting strategies, embracing innovative approaches and maintaining a steadfast focus on customer needs can uncover new opportunities and paths toward achieving both short- and long-term goals. - Tomer Warschauer Nuni, Pink Moon Studio Ltd 12. Develop Long-Term Incentive Policies And Reward Systems Set the guiding lighthouse. When the economic crisis comes, most companies try to set a contingency plan and a control tower. Normally, the next step is to adjust their basic plan to change it from the usual path to aggressive acceleration. To encourage them to achieve their goals, appropriate long-term incentive policies and frequent reward systems need to activate sustainable motivation. - Gyehyon Andrea Jo, MVLASF 13. Avoid Attempting To 'Control' The 'Uncontrollable' The basic yet most important action item for a business leader is "not to control the uncontrollable"—and the unstable economy fits that cliché perfectly. Prevailing tough economic conditions should be forecasted and then factored in so that both short- and long-term goals can be adjusted accordingly. Giving up on it will require you to double your time and resources. It will also provide an open invitation for your competition to leapfrog. - Mustansir Paliwala, Zomara Group & EQUANS 14. Read Autobiographies To Get Inspired By Others' Ability To Overcome Read the autobiographies of legends in your industry and business world to learn about how they weathered similar storms. It is a sure and relatable way to navigate the tough economy. In addition, keep a dashboard of short- and long-term goals with a focus on low-hanging fruits and having a realistic view of survival strategies. Having a large dose of optimism doesn’t hurt. - Folasade Femi-Lawal, FirstBank of Nigeria Ltd 15. Level Up Your Game With Attitude And Grit In tough times, we have to level up the game. The sellers who don't will not make it and will indeed learn a tough lesson. Becoming better at understanding our clients’ pain, getting better at building trust at all levels, positioning oneself as a true partner and making sure we show the value for every dollar clients invest are ways to maximize opportunities. Attitude and grit are key. - Alex Llorens, Contentsquare 16. Elevate Your Skills To Compete In The Marketplace A tough economy is the perfect time to clear the herd of all those people who jumped into business development because it looked easy. This is the time when the very best sales professionals will rise to the top and dominate, while the rest of the crowd will find themselves starving because they are ill-prepared and do not have the necessary skills to operate in a truly competitive environment. - Vincent Burruano, Vince Burruano Consulting Services, LLC 17. Be Adaptable And Persistent My tip is to be adaptable and persistent no matter the economic environment. Challenges are always going to come up. It's part of the process. So, everyone has to expect setbacks to achieve any short- or long-term goal. Therefore, the biggest skill professionals can have is to stay at it, even if they have to pivot from time to time to adjust their course based on what they learned from their setbacks. - Wayne Elsey, The Funds2Orgs Group 18. Remain Disciplined And Avoid Unfavorable Cost Structures Discipline is key. Unfavorable macroeconomic trends are highly cyclical and historically never last more than a few years at a time. Any historical periods of high inflation or economic recession have always been followed by economic growth and prosperity. The key is to not lock yourself into unfavorable cost structures now at peak prices that will be highly disadvantageous in future years. - Jim Mizouni, Sage Dental 19. Keep Your Clients Happy To Minimize Any Business Loss Sales cycles can be long, and the prospecting you do today can pay off months or years from now. If you capture market share in a down economy, you can grow exponentially as it rebounds. Keeping your clients happy is a great start for the short term as well. Minimize the business you lose to the competition and maximize your biz dev efforts to keep the pipeline as full as possible. - David Mattson, Sandler 20. Stay Confident And Surround Yourself With Positive Energy It is important to maintain your focus and self-belief when the economy is tough. Keep the positive approach and surround yourself with positive energy from friends and family. It is critical to not allow yourself to take shortcuts or indulge in things that will haunt you at a later stage in business. - Roshan Kumar Shetty, Tech Mahindra Limited

763491

nan

ETF Daily News

MarketBeat News

AvalonBay Communities (NYSE:AVB) Upgraded to Neutral at JPMorgan Chase & Co.

AvalonBay Communities (NYSE:AVB – Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $…

https://www.etfdailynews.com/2023/11/29/avalonbay-communities-nyseavb-upgraded-to-neutral-at-jpmorgan-chase-co/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/avalonbay-communities-inc-logo.jpg?v=20221102161539&w=240&h=240&zc=2

2023-11-29 13:12:46

AvalonBay Communities (NYSE:AVB – Get Free Report) was upgraded by investment analysts at JPMorgan Chase &amp; Co. from an “underweight” rating to a “neutral” rating in a research report issued on We… [+4257 chars]

Real estate

AvalonBay Communities (NYSE:AVB–Get Free Report)was upgraded by investment analysts atJPMorgan Chase & Co.from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday,MarketBeat.comreports. The brokerage currently has a $194.00 target price on the real estate investment trust’s stock, down from their previous target price of $201.00.JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.68% from the stock’s current price. Other research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of AvalonBay Communities from $193.00 to $195.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Wedbush began coverage on shares of AvalonBay Communities in a research report on Tuesday, October 3rd. They set a “neutral” rating and a $179.00 price target on the stock. Mizuho reduced their price objective on AvalonBay Communities from $190.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, September 26th. Barclays cut their price target on AvalonBay Communities from $195.00 to $194.00 and set an “equal weight” rating for the company in a research note on Friday, September 22nd. Finally, Wells Fargo & Company lowered their price target on shares of AvalonBay Communities from $201.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.88. Read Our Latest Stock Report on AvalonBay Communities Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNYSE:AVBopened at $172.17 on Wednesday. AvalonBay Communities has a twelve month low of $153.07 and a twelve month high of $198.65. The stock’s 50 day moving average is $171.26 and its 200-day moving average is $179.93. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.66 and a beta of 0.95. Several hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. bought a new stake in shares of AvalonBay Communities in the 3rd quarter valued at approximately $26,000. BOKF NA purchased a new position in AvalonBay Communities in the first quarter valued at about $29,000. CVA Family Office LLC boosted its position in shares of AvalonBay Communities by 106.7% in the 2nd quarter. CVA Family Office LLC now owns 155 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of AvalonBay Communities during the second quarter worth $31,000. Finally, Quarry LP boosted its position in AvalonBay Communities by 255.6% in the second quarter. Quarry LP now owns 192 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock. (Get Free Report) As of September 30, 2023, the Company owned or held a direct or indirect ownership interest in 296 apartment communities containing 89,240 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

763492

nan

ETF Daily News

MarketBeat News

Hammerson (LON:HMSO) Price Target Increased to GBX 32 by Analysts at Barclays

Hammerson (LON:HMSO – Get Free Report) had its target price hoisted by research analysts at Barclays from GBX 30 ($0.38) to GBX 32 ($0.40) in a research report issued on Wednesday, Digital Look reports. The brokerage currently has an “overweight” rating on th…

https://www.etfdailynews.com/2023/11/29/hammerson-lonhmso-price-target-increased-to-gbx-32-by-analysts-at-barclays/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/hammerson-plc-logo.png?v=20221202080040&w=240&h=240&zc=2

2023-11-29 13:20:47

Hammerson (LON:HMSO – Get Free Report) had its target price hoisted by research analysts at Barclays from GBX 30 ($0.38) to GBX 32 ($0.40) in a research report issued on Wednesday, Digital Look repor… [+1726 chars]

Real estate

Hammerson (LON:HMSO–Get Free Report)had its target price hoisted by research analysts atBarclaysfrom GBX 30 ($0.38) to GBX 32 ($0.40) in a research report issued on Wednesday,Digital Lookreports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock.Barclays‘s target price points to a potential upside of 17.73% from the stock’s previous close. Separately, Morgan Stanley upgraded shares of Hammerson to an “overweight” rating and boosted their price objective for the stock from GBX 27 ($0.34) to GBX 36 ($0.45) in a research note on Monday, September 4th. Check Out Our Latest Research Report on Hammerson Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverLON:HMSOopened at GBX 27.18 ($0.34) on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.28 and a debt-to-equity ratio of 65.46. The firm has a fifty day simple moving average of GBX 24.65 and a 200 day simple moving average of GBX 25.11. Hammerson has a 1-year low of GBX 20.50 ($0.26) and a 1-year high of GBX 30.81 ($0.39). The stock has a market capitalization of £1.36 billion, a PE ratio of -678.00, a P/E/G ratio of 1.68 and a beta of 2.27. (Get Free Report) Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.

763493

nan

ETF Daily News

MarketBeat News

Huntington National Bank Acquires 238 Shares of Extra Space Storage Inc. (NYSE:EXR)

Huntington National Bank increased its holdings in Extra Space Storage Inc. (NYSE:EXR – Free Report) by 93.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492…

https://www.etfdailynews.com/2023/11/29/huntington-national-bank-acquires-238-shares-of-extra-space-storage-inc-nyseexr/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/extra-space-storage-logo.jpg&w=240&h=240&zc=2

2023-11-29 12:48:42

Huntington National Bank increased its holdings in Extra Space Storage Inc. (NYSE:EXR – Free Report) by 93.7% in the second quarter, according to its most recent Form 13F filing with the Securities a… [+6715 chars]

Real estate

Huntington National Bank increased its holdings in Extra Space Storage Inc. (NYSE:EXR–Free Report) by 93.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492 shares of the real estate investment trust’s stock after purchasing an additional 238 shares during the period. Huntington National Bank’s holdings in Extra Space Storage were worth $73,000 at the end of the most recent reporting period. A number of other large investors have also recently bought and sold shares of the business. Capital World Investors boosted its holdings in Extra Space Storage by 29.7% in the second quarter. Capital World Investors now owns 17,876,089 shares of the real estate investment trust’s stock worth $2,660,805,000 after purchasing an additional 4,096,408 shares in the last quarter. State Street Corp boosted its holdings in Extra Space Storage by 6.0% in the first quarter. State Street Corp now owns 9,397,883 shares of the real estate investment trust’s stock worth $1,531,197,000 after purchasing an additional 533,145 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Extra Space Storage by 3.2% in the second quarter. Principal Financial Group Inc. now owns 5,327,074 shares of the real estate investment trust’s stock worth $792,936,000 after purchasing an additional 166,625 shares in the last quarter. Capital International Investors boosted its holdings in Extra Space Storage by 98.7% in the second quarter. Capital International Investors now owns 4,216,200 shares of the real estate investment trust’s stock worth $627,581,000 after purchasing an additional 2,094,409 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Extra Space Storage by 2.7% in the second quarter. Geode Capital Management LLC now owns 3,268,025 shares of the real estate investment trust’s stock worth $485,330,000 after purchasing an additional 84,872 shares in the last quarter. 66.40% of the stock is currently owned by institutional investors. In other Extra Space Storage news, CEOJoseph D. Margolisacquired 4,200 shares of Extra Space Storage stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $118.21 per share, with a total value of $496,482.00. Following the completion of the purchase, the chief executive officer now owns 31,301 shares in the company, valued at $3,700,091.21. The transaction was disclosed in a document filed with the SEC, which is accessible throughthe SEC website. In other Extra Space Storage news, Director Joseph J. Bonner sold 956 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $125.64, for a total value of $120,111.84. Following the sale, the director now directly owns 4,504 shares in the company, valued at $565,882.56. The transaction was disclosed in a document filed with the SEC, which is available atthe SEC website. Also, CEO Joseph D. Margolis acquired 4,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $118.21 per share, for a total transaction of $496,482.00. Following the completion of the acquisition, the chief executive officer now owns 31,301 shares of the company’s stock, valued at $3,700,091.21. The disclosure for this purchase can be foundhere. Insiders own 1.55% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNYSE EXRopened at $127.27 on Wednesday. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $170.30. The firm has a market cap of $26.89 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 12.96 and a beta of 0.63. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $117.87 and a 200-day moving average of $132.19. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $1.62 dividend. The ex-dividend date is Thursday, December 14th. This is a boost from Extra Space Storage’s previous quarterly dividend of $0.61. This represents a $6.48 dividend on an annualized basis and a yield of 5.09%. Extra Space Storage’s dividend payout ratio (DPR) is presently 44.85%. A number of equities research analysts have issued reports on EXR shares.StockNews.comcut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. Truist Financial decreased their price target on shares of Extra Space Storage from $155.00 to $138.00 and set a “hold” rating for the company in a report on Tuesday, August 29th. Bank of America lowered shares of Extra Space Storage from a “buy” rating to a “neutral” rating and cut their price objective for the company from $155.00 to $119.00 in a research report on Monday, October 30th. Evercore ISI cut their price objective on shares of Extra Space Storage from $147.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, September 15th. Finally, Stifel Nicolaus cut their price objective on shares of Extra Space Storage from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average price target of $142.64. Read Our Latest Stock Analysis on EXR (Free Report) Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2023, the Company owned and/or operated 3,651 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.5 million units and approximately 279.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. Want to see what other hedge funds are holding EXR?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Extra Space Storage Inc. (NYSE:EXR–Free Report).

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the-times-of-india

The Times of India

Kshitij Anand

ETMarkets Smart Talk: You need Virat Kohli stocks representing reliable blue chips to generate wealth: Sonam Srivastava

"The September earnings season in India highlighted a cautiously optimistic economic outlook. Cyclical sectors like BFSI, Auto, and Cement showed robust year-on-year growth, driven by consumer confidence and increased spending. The BFSI sector benefited from …

https://economictimes.indiatimes.com/markets/expert-view/etmarkets-smart-talk-you-need-virat-kohli-stocks-representing-reliable-blue-chips-to-generate-wealth-sonam-srivastava/articleshow/105570399.cms

2023-11-29 03:30:00

Investing is akin to a game of cricket, where strategy and endurance are key. In this analogy, building a portfolio is like forming a cricket team, Sonam Srivastava, smallcase manager and Founder, Wr… [+10476 chars]

Real estate

ETMarkets.com “Investing is akin to a game of cricket, where strategy and endurance are key. In this analogy, building a portfolio is like forming a cricket team,” Sonam Srivastava , smallcase manager and Founder, Wright Research . In an interview with ETMarkets, Srivastava said: “You need steady players like Virat Kohli, representing reliable, consistent investments such as blue-chip stocks or stable sectors. They are the backbone of your portfolio, ensuring steady growth and resilience during market fluctuations,” Edited excerpts: Samvat 2080 started on a positive note as the market picked up momentum. Where are markets headed? The commencement of Samvat 2080 on a positive note is indicative of a bullish sentiment in the Indian stock market . This optimism is rooted in several factors, including the expectations of FED rate cut and return of liquidity, progressive policy reforms by the government, and the resilience of major sectors like IT and healthcare. There is a definite resurgence of positive sentiments in the market. Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Kozhikode IIMK Chief Product Officer Programme Visit Indian School of Business ISB Chief Technology Officer Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit However, investors should remain vigilant of global economic uncertainties, such as fluctuations in oil prices, changes in U.S. monetary policy, and geopolitical tensions, which could impact market dynamics. Domestically, inflationary pressures and supply chain disruptions pose challenges. We expect the markets to move forward with a positive bias, but investors are advised to focus on diversification and invest in fundamentally strong stocks and sectors that show resilience and growth potential. Long-term investment strategies, rather than speculative short-term trades, are likely to yield better results in this environment. You Might Also Like: ETMarkets Smart Talk: Banks, Capital goods among top 5 sectors to bet on in 2024: Ajit Banerjee September earnings season is over – what were key highlights according to you? The September earnings season in India highlighted a cautiously optimistic economic outlook. Cyclical sectors like BFSI, Auto, and Cement showed robust year-on-year growth, driven by consumer confidence and increased spending. The BFSI sector benefited from healthy credit expansion and improved asset quality, while the Auto sector's resilience was marked by strong demand and new model launches. However, Public Sector Banks faced challenges with pressured net interest margins. Real estate and consumer discretionary sectors also showed positive signs, likely boosted by festive demand and upcoming general elections. In contrast, IT and metals sectors faced global challenges, with IT grappling with demand uncertainty and metals affected by global commodity trends. You Might Also Like: India is being viewed independently; it's not as if the money that's going out of China is coming here: Chetan Ahya, Morgan Stanley The FMCG sector struggled with high inflation and subdued rural demand. Overall, the earnings season reflected a mix of sector-specific challenges and growth opportunities, painting a mixed yet optimistic picture of India's economic landscape. As we approach the last month of the calendar year – should investors look at rejigging the portfolio and making it ready for 2024? As we approach the end of the year, it's crucial for investors to reassess their portfolios in preparation for 2024. This year has seen cyclicals, BFSI, auto, and real estate sectors emerge as strong performers and the last quarter earnings have also shone for these sectors, showcasing their robust opportunities for growth. Additionally, the IT and pharma sectors are showing signs of resurgence, potentially spurred by anticipated rate cuts in the US as inflation eases. You Might Also Like: Top-line consumption growth is back; market discounting state election results: Sunil Subramaniam However, investors must also be mindful of the potential market volatility in the lead-up to the elections, which could particularly impact the smallcap segment. In light of these dynamics, a strategic approach would be to diversify portfolios, reducing allocations in the more volatile small-cap segment. Instead, increasing investments in relatively stable sectors like technology, cyclicals, and banking could be more beneficial. This balanced strategy aims to capitalize on the growth potential of high-performing sectors while cushioning against market fluctuations and uncertainties. Which sector investors need to track or go overweight in 2024? In 2024, investors should consider a strategic focus on several promising sectors, each offering unique growth drivers. The IT sector is particularly attractive, poised to benefit from potential rate cuts and increased demand for digital transformation and innovation. Banking is another key area, with robust earnings and growth potential, likely to be further bolstered by rate cuts and a recovering economy. The consumption sector, especially companies with a strong rural presence, is expected to see an uptick in spending, making it a compelling choice for investment. Digital players, particularly those transitioning towards profitability, present exciting opportunities as they capitalize on the growing digital economy. Infrastructure and real estate are also sectors to watch, driven by an evolving capital expenditure cycle and government initiatives aimed at boosting these industries. Lastly, renewable energy stands out as a future-focused sector, with increasing global emphasis on sustainability and green technologies. This diverse mix of sectors offers investors a balanced approach, combining stability with growth prospects, and aligns well with both short-term and long-term investment objectives. SIP money created another milestone in October. What are your expectations of where the trend is headed in 2024 – could we see contributions upwards of Rs 20,000 cr next year. The upward trend in SIP (Systematic Investment Plan) contributions in India is poised to continue in 2024, potentially surpassing the Rs 20,000 crore mark, buoyed by a confluence of domestic and global factors. Domestically, India's economic landscape is increasingly favorable. The nation's robust economic growth, driven by a surge in consumer demand and a conducive business environment, is bolstering investor confidence. This economic stability, coupled with an enhanced understanding of financial planning among the populace, is encouraging more individuals to embrace SIPs for long-term wealth creation. The ease of digital platforms for managing investments further democratizes access to SIPs, appealing to a broader, tech-savvy audience. On the global front, the anticipated rate cuts in the US are expected to inject additional liquidity into the global markets. A significant portion of this liquidity is likely to flow into emerging markets like India, potentially boosting the equity market and, by extension, SIP investments. This global liquidity, combined with India's strong economic fundamentals, creates an attractive environment for investors. Are retail investors chasing the crorepati dream with SIPs this time around? Yes, retail investors in India are increasingly chasing the 'Crorepati' dream through Systematic Investment Plans (SIPs). This trend is fueled by a growing financial literacy, particularly among the younger generation, and the ease of investing through digital platforms. SIPs offer a disciplined approach to investing in equity markets, allowing investors to benefit from the power of compounding and long-term wealth creation, irrespective of market volatility. The aspiration to build substantial wealth is bolstered by the success stories of individuals who have achieved significant returns through long-term SIP investments. Additionally, the positive trajectory of the Indian economy and the potential for high returns in equity markets enhance investor confidence. The convenience and transparency provided by digital investment platforms further attract a larger pool of retail investors. In essence, SIPs have become a popular and viable tool for retail investors aiming to achieve substantial financial goals over time. What does the global setup suggest about FII flows? How do we stack against peers when it comes to valuations? As global markets anticipate potential rate cuts, there's an expectation that increased liquidity could flow towards emerging markets like India, enhancing FII inflows. India, recognized for its robust growth among large economies, presents an attractive destination for these flows. However, the outlook remains nuanced due to political uncertainties with upcoming elections. Historically, strong FII inflows have been linked to market highs in India, but recent trends have shown a shift, with FII interest waning since September 2023 amidst election-related volatility. In valuation terms, India stands relatively high compared to its peers, a factor that FIIs need to weigh against the growth potential. Despite this, India's market, particularly the Nifty index, trades at a discount to its 10-year average, offering some valuation comfort. Domestic factors, such as strong DII support, have helped stabilize the market, balancing FII outflows. This dynamic, coupled with global influences like US interest rate policies and geopolitical tensions, shapes the FII investment landscape in India. Word Cup just got over – do you see investing as a game of cricket where a batsman who sticks around makes the most runs? How should one create their team of Virat Kohlis and Mohammad Shami/Bumrah etc? Investing is akin to a game of cricket, where strategy and endurance are key. In this analogy, building a portfolio is like forming a cricket team. You need steady players like Virat Kohli, representing reliable, consistent investments such as blue-chip stocks or stable sectors. They are the backbone of your portfolio, ensuring steady growth and resilience during market fluctuations. Simultaneously, include players like Mohammad Shami or Bumrah, symbolizing higher-risk, high-reward investments such as emerging technologies or growth stocks. These elements can deliver significant returns in favorable conditions, much like a fast bowler taking crucial wickets in a match. Balancing these types of investments is crucial. Just as a cricket team needs a mix of dependable batsmen and dynamic bowlers, a diversified portfolio should blend steady growth with potential high performers. This strategy helps navigate various market conditions, ensuring a well-rounded and resilient investment approach. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on Virat Kohli stocks gold asset allocation sonam srivastava mohammad shami systematic investment plans etmarkets smart talk wright research expert view Stock Market (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763495

nan

ETF Daily News

MarketBeat News

Guggenheim Capital LLC Has $3.62 Million Stock Holdings in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)

Guggenheim Capital LLC trimmed its position in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII – Free Report) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 195,513 shares of the real estate …

https://www.etfdailynews.com/2023/11/29/guggenheim-capital-llc-has-3-62-million-stock-holdings-in-blackrock-enhanced-capital-and-income-fund-inc-nysecii/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/blackrock-enhanced-capital-and-income-fund-inc-logo.png?v=20230417165631&w=240&h=240&zc=2

2023-11-29 13:00:45

Guggenheim Capital LLC trimmed its position in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII – Free Report) by 0.4% during the second quarter, according to its most recent 13F filing wit… [+3287 chars]

Real estate

Guggenheim Capital LLC trimmed its position in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII–Free Report) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 195,513 shares of the real estate investment trust’s stock after selling 828 shares during the period. Guggenheim Capital LLC’s holdings in BlackRock Enhanced Capital and Income Fund were worth $3,619,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of BlackRock Enhanced Capital and Income Fund by 158,500.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,586 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,585 shares during the period. Captrust Financial Advisors acquired a new position in BlackRock Enhanced Capital and Income Fund during the 2nd quarter valued at about $95,000. JPMorgan Chase & Co. boosted its stake in shares of BlackRock Enhanced Capital and Income Fund by 47,553.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,195 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 6,182 shares during the last quarter. Ancora Advisors LLC grew its position in shares of BlackRock Enhanced Capital and Income Fund by 25.0% during the 1st quarter. Ancora Advisors LLC now owns 10,000 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 2,000 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 1st quarter worth approximately $186,000. Shares ofNYSE CIIopened at $18.26 on Wednesday. BlackRock Enhanced Capital and Income Fund, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $19.39. The company’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $18.36. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.0995 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Tuesday, November 14th. (Free Report) BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors. Want to see what other hedge funds are holding CII?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII–Free Report).

763498

nan

ETF Daily News

MarketBeat News

Central Plains Bancshares, Inc.’s Quiet Period To Expire on November 29th (NASDAQ:CPBI)

Central Plains Bancshares’ (NASDAQ:CPBI – Get Free Report) quiet period will end on Wednesday, November 29th. Central Plains Bancshares had issued 4,130,815 shares in its public offering on October 20th. The total size of the offering was $41,308,150 based on…

https://www.etfdailynews.com/2023/11/29/central-plains-bancshares-inc-s-quiet-period-to-expire-on-november-29th-nasdaqcpbi/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/generic-stocks8.jpg&w=240&h=240&zc=2

2023-11-29 06:06:41

Central Plains Bancshares’ (NASDAQ:CPBI – Get Free Report) quiet period will end on Wednesday, November 29th. Central Plains Bancshares had issued 4,130,815 shares in its public offering on October 2… [+1657 chars]

Real estate

Central Plains Bancshares’ (NASDAQ:CPBI–Get Free Report) quiet period will end on Wednesday, November 29th. Central Plains Bancshares had issued 4,130,815 shares in its public offering on October 20th. The total size of the offering was $41,308,150 based on an initial share price of $10.00. During Central Plains Bancshares’ quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company. NASDAQ CPBIopened at $9.98 on Wednesday. Central Plains Bancshares has a 1-year low of $8.20 and a 1-year high of $10.00. (Get Free Report) Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCentral Plains Bancshares, Inc focuses on providing various banking products and services to retail customers, and small and medium-sized commercial customers in Nebraska, the United States. It offers checking accounts, savings accounts, and certificate of deposit accounts. The company also provides one- to four-family residential mortgage loans secured by properties, as well as commercial real estate loans, commercial and industrial loans, multi-family residential real estate loans, construction and land development loans, agricultural real estate and non-real estate loans, and consumer loans.

763514

nan

The Punch

Henry Falaiye

Fatgbems Group diversifies into agriculture, others

Determined to diversify its operations, one of Nigeria’s leading dealers in the downstream sector, Fatgbems Group, has announced plans to diversify into agriculture and other businesses. The company announced this recently in Lagos at the unveiling of the new…

https://punchng.com/fatgbems-group-diversifies-into-agriculture-others/

2023-11-29 00:15:35

Determined to diversify its operations, one of Nigerias leading dealers in the downstream sector, Fatgbems Group, has announced plans to diversify into agriculture and other businesses. The company … [+1468 chars]

Real estate

Determined to diversify its operations, one of Nigeria’s leading dealers in the downstream sector, Fatgbems Group, has announced plans to diversify into agriculture and other businesses. The company announced this recently in Lagos at the unveiling of the new Chief Operating Officer of Fatgbems Group, Mr Ayodele Odulaja. Speaking at the event, the new COO, Odulajaa, said, “Fatgbems has undergone a lot of metamorphosis and today, we have restructured the company in such a manner that Fatgbems will not be seen as being in tyre business or just being in downstream oil and gas. But we have also diversified our business to include agro-allied,” Explaining the reason behind the expansion, he said, “We are going into agricultural space. Some time ago, former Minister of Agriculture and now President of the Africa Development Bank, Dr Akinwunmi Adeshina said that by 2030, the agricultural business in Africa will be a trillion dollar. “We put our heads together and came up with an agro-allied part of our business. There we would be processing agricultural products and making them available for export.” According to Odulaja, this would not only diversify the company’s income but guarantee an inflow of forex into Nigeria’s economy and reduce pressure on our local currency. “There will also be Fatgbems Property. We have several properties across the South-West Nigeria. Of course, we house some household names in terms of fast food. We provide accommodation and some sort of real estate services to this company. So, we will also be leveraging on that aspect of business, grow it, and alleviate the housing deficit challenge we have in Nigeria,” Adelaja added.

763522

the-times-of-india

The Times of India

Anulekha Ray

Property prices up 21.6%, rents grow 13% in year: This NCR area emerges as favourite for affordable homes

Prices up in Greater Noida West area: One of the major reasons behind this substantial growth in Greater Noida West area is its affordability. Properties in Greater Noida West are relatively more affordable compared to other parts of the National Capital Regi…

https://economictimes.indiatimes.com/wealth/real-estate/property-prices-up-21-6-rents-grew-13-in-year-this-ncr-area-emerges-as-favourite-for-affordable-homes/articleshow/105590539.cms

2023-11-29 09:51:13

The prices of residential property have increased by 21.6% year-on-year in the Greater Noida West area, according to a report released by Magicbricks Research. Advantageous location, well-planned inf… [+4613 chars]

Real estate

Getty Images The report observed that homebuyers favored apartment sizes exceeding 1,250 sq ft, contributing to 54.5% of the total demand. The prices of residential property have increased by 21.6% year-on-year in the Greater Noida West area, according to a report released by Magicbricks Research. Advantageous location, well-planned infrastructure, affordable housing options, and a host of modern amenities have made Greater Noida West an attractive option for homebuyers and investors. With a 13.5% year-on-year surge in rents, this has also witnessed the highest rental growth among all localities of Greater Noida, as per the data. Reasons behind growth in the Greater Noida region One of the major reasons behind this growth is its affordability. Properties in Greater Noida West are relatively more affordable compared to other parts of the National Capital Region (NCR), says Magicbricks Research. Further, the area has seen significant infrastructure development, including better roads, connectivity, and public transport. It is well-connected to major employment centers in Noida, Greater Noida, and even Delhi. These factors have made Greater Noida West more accessible and convenient for budget-conscious homebuyers. Further, this area offers a variety of housing options, including apartments, villas, and plotted developments, catering to a wide range of homebuyers. Several buyers have invested in real estate in Greater Noida West, considering its investment potential, and property values to appreciate in the future. Additionally, various policies and initiatives of the state government to promote real estate in the region have contributed to its growth. Various real estate developers have invested in projects in Greater Noida West, offering modern amenities and well-designed communities. What people are buying in the Greater Noida West Let's look at what people are buying in Greater Noida West. The report observed that homebuyers favored apartment sizes exceeding 1,250 sq ft, contributing to 54.5% of the total demand. When it comes to the preferred price segment, more than 50% of home seekers are searching for properties in the budget segment of Rs 5,000-7,500 per sq ft. Keeping up with the demand, the supply of such properties has also risen 40% year-on-year in the Greater Noida West region. The supply of mid-segment properties (Rs 5,000 per sq ft to Rs 7,500 per sq ft) has jumped by 11% quarter-on-quarter and 40% year-on-year to align with consumer preferences. The supply of high-end real estate units priced between Rs 7,500 per sq ft and Rs 10,000 per sq ft has risen by 2.5% quarter-on-quarter and 7.5% year-on-year. Leading asset classes in Greater Noida West are multi-storey apartments and builder floors accounting for more than 60% of both demand and supply. Homebuyers prefer 3-BHK and larger apartments Around 62% of homebuyers looked for 3-BHK and larger apartments in the region over the last five quarters, according to the Magicbricks data. "Buyers are inclined towards larger apartments in Greater Noida West because, in comparison to other regions in the NCR, these spacious units are available at more competitive prices,” Magicbricks stated. Greater Noida West: Demand from NRIs jumps 15% The demand from Non-Resident Indians (NRIs) jumped substantially over the last 12 months, witnessing a 15% year-on-year surge. NRIs from the United States, Canada, United Kingdom, and UAE constitute 85% of the international demand in Greater Noida West. "United States, United Kingdom and Canada lead demand with year-on-year increases of 99%, 98% and 129% respectively," as per the data. In terms of domestic demand, residents from Delhi, Ghaziabad, Noida, and Mumbai constitute 90% of domestic demand. Top developers in Greater Noida West The top 10 developers collectively account for 76% of the demand and contribute 55% to the total supply, underscoring their significant influence in the market, according to the Magicbricks data. In terms of demand, Saraswati Infra Homes Pvt. Ltd., CRC Group, Dev Sai Construction Pvt. Ltd., Ambesten Home Pvt Ltd., and Gaur Group emerged as the top five developers, as per the data. The top five projects offering the maximum supply in the localities are CRC Sublimis, Devsai Sportshome, Gaur Saundaryam, Fusion The Brook, and Trident Embassy Reso. Commenting on this growth in the Greater Noida West region, Sudhir Pai, CEO of Magicbricks, says, “This year has witnessed a noticeable inclination towards spacious residences, fueling a surge in demand for properties in peripheral regions like Greater Noida West. Boasting reasonably priced housing options, rapid infrastructure enhancements, and proximity to employment hubs, Greater Noida West has swiftly ascended as a highly sought-after locale within the NCR. This remarkable growth isn't just indicative of an investment hotspot but also signals a promising market primed for continual expansion and innovation.” Connect with Experts - Wealth creation made easy ( Originally published on Nov 29, 2023 ) Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on property prices in greater noida west greater noida west residential property greater noida property prices property rates in greater noida will property prices rise in greater noida villas in greater noida (Your legal guide on estate planning, inheritance, will and more.) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Read Next How to save Rs 1 crore quickly? Use this 8-4-3 rule NPS investors can now cherry-pick fund managers Punjab and Sind bank extends last date of this spl FD You pay 18% more than the interest on credit card EMI NPS CRA rules, charges for employees, individuals clarified First ever SGB tranche up for redemption on Nov 30 LIC launches life insurance plan with lifetime guaranteed returns What happens if life certificate is not submitted in Nov? Investing in NPS made easier for these subscribers Life certificate: 12 reasons face authentication can fail 1 2 3 4 5 6 7 8 9 10

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nan

GlobeNewswire

Trigon Property Development

Unaudited financial report for the third quarter and 9 months of 2023

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and l…

https://www.globenewswire.com/news-release/2023/11/29/2787517/0/en/Unaudited-financial-report-for-the-third-quarter-and-9-months-of-2023.html

https://ml-eu.globenewswire.com/Resource/Download/ac09e30c-c8ed-466c-9891-1e13d7cdc2f1

2023-11-29 08:40:00

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares i… [+3303 chars]

Real estate

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and logistics park is planned on this area. The Company’s objective is to find companies willing to bring their business activities (industry, logistics) to the development project area of AS Trigon Property Development in Pärnu, which would add value to the land plots owned by the Company. As the main purpose of the company is to sell existing land plots, investment property was recognized as inventories. In the first quarter of 2022, a 0.53-hectare property was sold for 213,200 euros (excluding VAT). In the second quarter of 2022, a 1.0-hectare property was sold for 401,280 euros (excluding VAT). In the third quarter of 2023, a 0.53-hectare transportation purpose land was sold for 26,580 euros (excluding VAT). Condensed statement of financial position as of 30 September 2023 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development. According to the condensed statement of comprehensive income the net profit for first 9 months of 2023 of AS Trigon Property Development is 294 euros and the earnings per share is 0.00007 EUR. As of 30 September 2023, the assets of AS Trigon Property Development were 1,723,457 euros. The equity of the company was 1,720,072 euros, corresponding to 99.80 % of the total balance sheet. Condensed statement of financial position Condensed statement of comprehensive income Rando Tomingas Member of the Management Board Telephone: +372 667 9200 E-mail:info@trigonproperty.com Attachment

763532

the-times-of-india

The Times of India

ETMarkets.com

Stock market update: Nifty Realty index flat 0.0% in an upbeat market

The Nifty Realty index was trading 0.0 per cent at 706.95.

https://economictimes.indiatimes.com/markets/stocks/stock-watch/stock-market-update-nifty-realty-index-flat-0-0-in-an-upbeat-market/articleshow/105582069.cms

2023-11-29 05:40:09

NEW DELHI: The Nifty Realty index traded flat around 11:10AM(IST)on Wednesday in an upbeat market. Indiabulls Real Estate Ltd.(up 1.16 per cent), DLF Ltd.(up 1.07 per cent), Godrej Properties Ltd.(up… [+1066 chars]

Real estate

Getty Images India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range. NEW DELHI: The Nifty Realty index traded flat around 11:10AM(IST)on Wednesday in an upbeat market. Indiabulls Real Estate Ltd.(up 1.16 per cent), DLF Ltd.(up 1.07 per cent), Godrej Properties Ltd.(up 0.82 per cent), Mahindra Lifespace Developers Ltd.(up 0.44 per cent) and Prestige Estates Projects Ltd.(up 0.02 per cent) were among the top gainers. Brigade Enterprises Ltd.(down 1.16 per cent), Macrotech Developers Ltd.(down 0.98 per cent), Phoenix Mills Ltd.(down 0.87 per cent), Sobha Ltd.(down 0.78 per cent) and Oberoi Realty Ltd.(down 0.35 per cent) were the top losers on the index. The Nifty Realty index was flat 0.0 per cent at 706.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 115.05 points at 20004.75, while the BSE Sensex was up 391.42 points at 66565.62. Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red. Shares of Indian Renewable, YES Bank, JP Power, Zomato and IFCI were among the most traded shares on the NSE. Shares of Mindteck India, Aster DM Health, Torrent Power, Cybertech Sys and Mangalam Cement hit their fresh 52-week highs in today's trade, while Bohra Industries, Arshiya, SEL Manufact, Fourth Dimension Sol and Raj Rayon hit fresh 52-week lows in trade. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on Indices Indices stocks Indices news Indices updates stock market indices Global market indices nifty indices (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763534

nan

GlobeNewswire

Brookfield Asset Management Ltd

Brookfield Asset Management to Present at the Goldman Sachs U.S. Financial Services Conference

BROOKFIELD, NEWS, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, Decem…

https://www.globenewswire.com/news-release/2023/11/29/2787590/0/en/Brookfield-Asset-Management-to-Present-at-the-Goldman-Sachs-U-S-Financial-Services-Conference.html

https://ml.globenewswire.com/Resource/Download/3a57691b-db18-4432-b333-64c887278a17

2023-11-29 11:45:00

BROOKFIELD, NEWS, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman … [+1426 chars]

Real estate

BROOKFIELD, NEWS, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 6, 2023, at 2:20 p.m. ET. Mr. Flatt’s remarks will be webcast live and a link to the webcast will be available in the “Events” section on Brookfield Asset Management’s investor relations website,bam.brookfield.com. About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $850 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website atbam.brookfield.comor contact:

763535

the-times-of-india

The Times of India

Kailash Babar

Hiranandani forays into development management, aims 0.5 mln sq ft in first year itself

Realty developer Hiranandani Group has forayed into development management business under which, the company will form alliances across the country and provide development, construction, design, marketing, and sales-oriented solutions to other real estate pla…

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/hiranandani-forays-into-development-management-aims-0-5-mln-sq-ft-in-first-year-itself/articleshow/105585094.cms

2023-11-29 07:03:16

Realty developer Hiranandani Group has forayed into development management business under which, the company will form alliances across the country and provide development, construction, design, mark… [+2880 chars]

Real estate

Representative image Realty developer Hiranandani Group has forayed into development management business under which, the company will form alliances across the country and provide development, construction, design, marketing, and sales-oriented solutions to other real estate players. The group will also evaluate the possibilities to associate with stalled or stressed projects bearing the potential feasibility to be operational through its expertise under this new business vertical Eleva. Under this service-fee revenue model, Eleva by Hiranandani Group will operate in the capacity of a consultant to the landowners and developers with clear land titles and statutory approvals in place. “In the first year itself, we are looking to forge alliances for projects spread over at least half a million sq ft worth over Rs 1,000 crore in Mumbai. We are open to undertake both brownfield and greenfield projects and have received proposals from a few banks to take over certain projects that they have lent to,” Niranjan Hiranandani , Founder and MD, Hiranandani Group, told ET. The company is aiming to enter a partnership under this venture for at least five projects in the first year. Of these, the first project in Oshiwara suburb has already been operationalised and a few more in locations including Andheri’s Versova, Bandra’s Carter Road end Chembur are in discussion stage. “The real estate industry is witnessing a rising trend of space and service integration. Through this newly introduced business model, we aim to forge new collaborations in this era of competition, and leverage on our expertise that will enhance the customer value proposition,” Hiranandani said. The company will provide strategic project development solutions through guidance, and recommendations to ensure seamless execution of the project to be delivered within the stipulated timelines. The new business vertical will enable the group to expand its geographical footprint, strengthen the brand’s market presence , and generate additional revenue streams. According to Hiranandani, with innovation at the core, this new business model will support the partner developers with strategic and operational advisories to build better homes and provide quality living to their customers. The group has already forged its first alliance through this new business vertical. The project spanning across 3.33 lakh sq ft of development in Andheri West suburb of Mumbai comprises 3 towers of 33 storeys each. The configurations in this project will be a mix of 2 and 3-bedroom apartments from 765 sq ft to 1,170 sq ft with starting price of Rs 3 crore. The project has received approvals from RERA and will be delivered in December 2028 as per RERA timelines. The steady optimism in the housing market is attracting investments in the segment apart from driving new ventures and alliances. The residential real estate markets across India’s key cities have continued to show growth momentum scaling a six-year high led by bulk of sales volume of the mid-income and premium segments despite higher mortgage rates and property prices. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on Hiranandani Development management biz market presence rera hiranandani group niranjan hiranandani (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories Malaysia's Sime Darby seeks to expand car retail business into India, Indonesia - CEO D-Mart's Radhakishan Damani tops Hurun self-made entrepreneurs list, Flipkart founders at second position France's SMCP strikes deal with Reliance to expand into India OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble CBIC instructs officials to upload digital summary of tax notices to boost transparency Disney CEO Iger promises 2026 exit, says ABC not for sale Essar Oil UK to invest $3.6 billion in greening operations Companies trying to junk consumer notions on packaged food NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service Irdai ups scrutiny of broking deals, approvals take longer 1 2 3 4 5 6 7 8 9 10

763538

the-times-of-india

The Times of India

Nauzer Bharucha

Mumbai: Hiranandani Group announces foray into consultancy

Founder and MD of Hiranandani Group Niranjan Hiranandani said the company aims to expand its real estate footprint, leverage brand equity, and extend its development expertise to other real estate developers with this new offering.

https://timesofindia.indiatimes.com/city/mumbai/mumbai-hiranandani-group-announces-foray-into-consultancy/articleshow/105592509.cms

2023-11-29 10:15:34

Best pre-bridal juices for a glowing skin

Real estate

MUMBAI: Hiranandani Group on Thursday announced its foray into consultancy, a service-led business model called Eleva, which will provide development, construction, design, marketing and sales-oriented solutions to other developers.Founder and MD of Hiranandani Group Niranjan Hiranandani said the company aims to expand its real estate footprint, leverage brand equity, and extend its development expertise to other real estate developers with this new offering."Under this service-fee revenue model, Eleva will operate in the capacity of a consultant to the landowners \ developers with clear land titles and statutory approvals in place. The company will provide strategic project development solutions through guidance, and recommendations. It will ensure the seamless execution of the project to be delivered within stipulated timelines," said a press note. The group said it bagged its first project under Eleva, spanning across 3.33 lakh sq. ft of development in Andheri (west).

763539

nan

ETF Daily News

MarketBeat News

Contrasting Sturgis Bancorp (OTCMKTS:STBI) & BOK Financial (NASDAQ:BOKF)

Sturgis Bancorp (OTCMKTS:STBI – Get Free Report) and BOK Financial (NASDAQ:BOKF – Get Free Report) are both financial services companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, earnings, ana…

https://www.etfdailynews.com/2023/11/29/contrasting-sturgis-bancorp-otcmktsstbi-bok-financial-nasdaqbokf/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/bok-financial-co-logo.png?v=20221110144535&w=240&h=240&zc=2

2023-11-29 09:50:41

Sturgis Bancorp (OTCMKTS:STBI – Get Free Report) and BOK Financial (NASDAQ:BOKF – Get Free Report) are both financial services companies, but which is the better investment? We will compare the two b… [+7038 chars]

Real estate

Sturgis Bancorp (OTCMKTS:STBI–Get Free Report) and BOK Financial (NASDAQ:BOKF–Get Free Report) are both financial services companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, valuation and dividends. This is a summary of current ratings and target prices for Sturgis Bancorp and BOK Financial, as reported by MarketBeat. BOK Financial has a consensus target price of $87.43, suggesting a potential upside of 22.97%. Given BOK Financial’s higher probable upside, analysts plainly believe BOK Financial is more favorable than Sturgis Bancorp. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSturgis Bancorp pays an annual dividend of $0.68 per share and has a dividend yield of 3.9%. BOK Financial pays an annual dividend of $2.20 per share and has a dividend yield of 3.1%. Sturgis Bancorp pays out 17.6% of its earnings in the form of a dividend. BOK Financial pays out 23.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. BOK Financial has raised its dividend for 19 consecutive years. Sturgis Bancorp is clearly the better dividend stock, given its higher yield and lower payout ratio. This table compares Sturgis Bancorp and BOK Financial’s net margins, return on equity and return on assets. 35.7% of BOK Financial shares are held by institutional investors. 16.0% of Sturgis Bancorp shares are held by company insiders. Comparatively, 57.8% of BOK Financial shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth. Sturgis Bancorp has a beta of 0.51, suggesting that its share price is 49% less volatile than the S&P 500. Comparatively, BOK Financial has a beta of 1.21, suggesting that its share price is 21% more volatile than the S&P 500. This table compares Sturgis Bancorp and BOK Financial’s gross revenue, earnings per share (EPS) and valuation. BOK Financial has higher revenue and earnings than Sturgis Bancorp. Sturgis Bancorp is trading at a lower price-to-earnings ratio than BOK Financial, indicating that it is currently the more affordable of the two stocks. BOK Financial beats Sturgis Bancorp on 13 of the 15 factors compared between the two stocks. (Get Free Report) Sturgis Bancorp, Inc. operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts. It also provides mortgage, automobile, savings secured, personal, home equity, equipment and machinery, government supported, and commercial real estate loans, as well as home equity lines of credit and business lines of credit; and credit cards. In addition, the company offers private banking, cashier checks, wire transfers, foreign drafts and foreign currency, overdraft protection, night depository, and notary services, as well as safe deposit boxes and residential mortgages. Further, it provides direct deposit, remote deposit capture, Visa check card, and checks reorder services; and investment and financial-advisory services, as well as commercial and consumer insurance and title insurance products. Additionally, the company offers estate and asset management services, such as estate settlements, trust administration, record keeping, investment management, and custody services; cash and treasury management; and online and mobile banking, bill pay, and mobile wallet services. It operates through 14 bank facilities and 4 full service standalone ATMs located in 12 communities in Michigan. Sturgis Bancorp, Inc. was founded in 1905 and is headquartered in Sturgis, Michigan. (Get Free Report) BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment engages in the provision of retail lending and deposit services to small business customers through retail branch network; and mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes; residential mortgage and personal loans; and automated teller machine, call center, and Internet and mobile banking services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

763547

nan

ETF Daily News

MarketBeat News

Verditek (LON:VDTK) Sets New 52-Week Low at $0.30

Verditek PLC (LON:VDTK – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.34 ($0.00), with a volume of 774943 shares changing hands. The stock ha…

https://www.etfdailynews.com/2023/11/29/verditek-lonvdtk-sets-new-52-week-low-at-0-30/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/verditek-plc-logo.png?v=20230901084401&w=240&h=240&zc=2

2023-11-29 13:08:42

Verditek PLC (LON:VDTK – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.34 ($0.00),… [+1245 chars]

Real estate

Verditek PLC (LON:VDTK–Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.34 ($0.00), with a volume of 774943 shares changing hands. The stock had previously closed at GBX 0.35 ($0.00). The stock has a market cap of £1.11 million, a P/E ratio of -31.50 and a beta of 1.62. The company has a current ratio of 2.10, a quick ratio of 2.55 and a debt-to-equity ratio of 71.10. The firm’s fifty day moving average is GBX 0.43 and its 200 day moving average is GBX 0.92. (Get Free Report) Verditek PLC operates as a clean technology company in the United Kingdom, Italy, and rest of Europe. It manufactures and commercializes solar technologies, and lightweight flexible solar panels. The company's solar modules are used in various applications, such as transportation, real estate, consumer retail, and telecom sectors, as well as in caravans and holiday homes, solar carports and electric vehicle charging, and hotel, safari, glamping, and corporate events; and military, disaster relief, and construction camps.

763551

nan

ETF Daily News

MarketBeat News

Alexander & Baldwin (NYSE:ALEX) Receives New Coverage from Analysts at JMP Securities

Equities researchers at JMP Securities assumed coverage on shares of Alexander & Baldwin (NYSE:ALEX – Get Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a “market perform” rating on the financial services provider…

https://www.etfdailynews.com/2023/11/29/alexander-baldwin-nysealex-receives-new-coverage-from-analysts-at-jmp-securities/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/alexander--baldwin-inc-logo.jpg?v=20221129165627&w=240&h=240&zc=2

2023-11-29 12:40:44

Equities researchers at JMP Securities assumed coverage on shares of Alexander &amp; Baldwin (NYSE:ALEX – Get Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage … [+3229 chars]

Real estate

Equities researchers at JMP Securities assumed coverage on shares ofAlexander & Baldwin (NYSE:ALEX–Get Free Report)in a research note issued on Wednesday,Briefing.comreports. The brokerage set a “market perform” rating on the financial services provider’s stock. Separately,StockNews.combegan coverage on Alexander & Baldwin in a research report on Thursday, October 5th. They set a “hold” rating on the stock. View Our Latest Stock Analysis on Alexander & Baldwin Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNYSE:ALEXopened at $16.46 on Wednesday. The company has a market cap of $1.19 billion, a PE ratio of -30.48 and a beta of 1.30. Alexander & Baldwin has a fifty-two week low of $15.56 and a fifty-two week high of $20.49. The firm has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $17.68. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Alexander & Baldwin by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,741,494 shares of the financial services provider’s stock worth $194,674,000 after purchasing an additional 80,656 shares during the last quarter. State Street Corp increased its position in Alexander & Baldwin by 2.6% in the 2nd quarter. State Street Corp now owns 4,131,103 shares of the financial services provider’s stock valued at $74,933,000 after acquiring an additional 104,301 shares during the period. Franklin Resources Inc. boosted its position in Alexander & Baldwin by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 3,352,395 shares of the financial services provider’s stock worth $62,287,000 after acquiring an additional 23,388 shares during the period. Reinhart Partners LLC. grew its stake in shares of Alexander & Baldwin by 2.8% in the third quarter. Reinhart Partners LLC. now owns 2,267,952 shares of the financial services provider’s stock worth $37,943,000 after purchasing an additional 61,852 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Alexander & Baldwin by 2.8% during the second quarter. Geode Capital Management LLC now owns 1,595,884 shares of the financial services provider’s stock valued at $29,652,000 after purchasing an additional 43,822 shares during the period. Institutional investors and hedge funds own 84.93% of the company’s stock. (Get Free Report) Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground leases.

763554

nan

ETF Daily News

MarketBeat News

Western Asset Mortgage Capital Co. (NYSE:WMC) Short Interest Update

Western Asset Mortgage Capital Co. (NYSE:WMC – Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,500 shares, a decline of 55.5% from the October 31st total…

https://www.etfdailynews.com/2023/11/29/western-asset-mortgage-capital-co-nysewmc-short-interest-update/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/western-asset-mortgage-capital-corp-logo.gif&w=240&h=240&zc=2

2023-11-29 13:20:48

Western Asset Mortgage Capital Co. (NYSE:WMC – Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1… [+3624 chars]

Real estate

Western Asset Mortgage Capital Co. (NYSE:WMC–Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,500 shares, a decline of 55.5% from the October 31st total of 23,600 shares. Based on an average daily trading volume, of 21,100 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in Western Asset Mortgage Capital by 536.2% during the 1st quarter. Renaissance Technologies LLC now owns 97,340 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 82,040 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Western Asset Mortgage Capital by 103.7% during the first quarter. Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 28,178 shares during the period. Jane Street Group LLC bought a new stake in shares of Western Asset Mortgage Capital during the first quarter valued at about $97,000. Bank of America Corp DE lifted its holdings in Western Asset Mortgage Capital by 153.8% in the fourth quarter. Bank of America Corp DE now owns 3,048 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,847 shares during the period. Finally, Geode Capital Management LLC grew its position in Western Asset Mortgage Capital by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 49,940 shares of the financial services provider’s stock valued at $454,000 after buying an additional 2,760 shares in the last quarter. 14.66% of the stock is currently owned by institutional investors and hedge funds. WMC stockopened at $8.25 on Wednesday. The firm’s 50-day simple moving average is $8.65 and its 200 day simple moving average is $9.17. Western Asset Mortgage Capital has a fifty-two week low of $7.82 and a fifty-two week high of $11.64. The company has a quick ratio of 352.98, a current ratio of 352.98 and a debt-to-equity ratio of 27.43. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Thursday, November 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 4.85%. Western Asset Mortgage Capital’s payout ratio is currently -28.57%. Separately,StockNews.combegan coverage on Western Asset Mortgage Capital in a research report on Wednesday, November 22nd. They set a “hold” rating for the company. Read Our Latest Analysis on WMC (Get Free Report) Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments.

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the-times-of-india

The Times of India

Sobia Khan

India emerges as one of the top growth markets in the APAC region: Colliers

Colliers, the global consultancy firm, anticipates a substantial rise in Asia Pacific (APAC) investment activity in 2024. The report cites increasing market activity, narrowed buyer-seller gaps, and heightened investor confidence, particularly in India and So…

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/india-emerges-as-one-of-the-top-growth-markets-in-the-apac-region-colliers/articleshow/105582453.cms

2023-11-29 06:16:00

Investment activity is forecast to increase steadily across the Asia Pacific region in 2024 , according to Colliers, a global consultancy firm.The report points to steadily increasing activity in APA… [+3555 chars]

Real estate

iStock Investment activity is forecast to increase steadily across the Asia Pacific region in 2024 , according to Colliers , a global consultancy firm. The report points to steadily increasing activity in APAC markets throughout 2024 as certainty around the policy environment takes hold, gaps between buyers and sellers narrow and more investors move to deploy capital. Colliers anticipates a more positive 2024 than 2023, with a lot of pent-up equity which is looking to find a home. Particularly within the APAC region , investors are aware of the resilience of the asset class and the growth opportunities offered in rapidly maturing markets such as India and South Korea. “As more established markets start to stabilise, investors are growing more confident about extending their search for opportunities in growth markets. This is particularly apparent in India, which is expected to remain one of the fastest-growing major global economies, led by private consumption and capital formation. The opportunities to invest in India continue to spread across office, logistics, private credit, residential and data centres.”, said Piyush Gupta, Managing Director, Capital Markets & Investment Services at Colliers India. The survey data points to an upswing in the proportion of investors planning to boost real estate allocations. Almost 60% of APAC investors expect strong regional economic growth to contribute positively to the real estate environment. APAC region is expected to drive global investment levels in 2024 with a growing depth of capital. While geopolitical outlook represents an overall downside risk to the investment market globally, India continues to demonstrate resilience through its high growth trajectory, remaining one of the fastest growing economies of the world at 6.3% in 2024. Investments into India continue to grow annually and 2023 has seen a strong 27% y-o-y, growth so far. This is steered by long-term confidence in core asset classes and emerging avenues for diversification. From the lens of of global and APAC investors, the Indian real estate market currently offers stable returns paired with attractive pricing, better valuations, and higher yields. “The preference of India within Asia Pacific growth markets is getting stronger, driven by strong performance of economy, improved regulatory framework and robust demand across multiple real estate sectors. Global investors have consistently preferred Indian real estate market, infusing over USD23 Billion since 2018, accouting for 77% of the total investments during this period. USA remains the top investor contributing to about 44% of the foreign inflows, followed by Canada and APAC at 25% share each. Foreign investors are likely to remain bullish on the Indian market over the next few quarters, as interest cycle continues to reverse, and the yield spread between bonds & real estate continue to widen, making real estate an attractive proposition.“, said Vimal Nadar, Senior Director and Head of Research, Colliers India In India, Institutional investors continue to have their bets on the office sector, on the back of increased opportunities, resilient demand, robust growth prospects and availability of exit avenues in the form of REITs . During the 2023, institutional investments in office assets rose 1.6X y-o-y, at $2.9 billion, accounting for about 63% of the total inflows (for the nine months ended seotember 2023). There is increased investor appetite towards residential, industrial & warehousing and alternative segemnts as well. Institutional investors are specifically capitalizing on the data center growth story sparked by their stable income, higher yields, supportive regulatory framework and have infused $ 1.1 Billion since 2020. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on APAC region Colliers REITs capital markets & investment services at residential property (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories Disney CEO Iger promises 2026 exit, says ABC not for sale Essar Oil UK to invest $3.6 billion in greening operations Companies trying to junk consumer notions on packaged food NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service Irdai ups scrutiny of broking deals, approvals take longer Star's revenue from sports biz drops 39% Luxury inc sees India as the next big destination Working towards completing merger deal with Sony: ZEEL At Balaji, get a taste of big things to come Chinese handset companies low share in India's exports draws govt ire 1 2 3 4 5 6 7 8 9 10

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Hemnet Group AB (publ) (OTCMKTS:HMNTY) Sees Significant Increase in Short Interest

Hemnet Group AB (publ) (OTCMKTS:HMNTY – Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Bas…

https://www.etfdailynews.com/2023/11/29/hemnet-group-ab-publ-otcmktshmnty-sees-significant-increase-in-short-interest/

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2023-11-29 12:42:46

Hemnet Group AB (publ) (OTCMKTS:HMNTY – Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an incre… [+1428 chars]

Real estate

Hemnet Group AB (publ) (OTCMKTS:HMNTY–Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 1.3 days. Several analysts have weighed in on HMNTY shares. Jefferies Financial Group cut Hemnet Group AB (publ) from a “hold” rating to an “underperform” rating in a research report on Thursday, September 7th. Citigroup lifted their price objective on Hemnet Group AB (publ) to SEK 205 in a research report on Wednesday, October 4th. Check Out Our Latest Analysis on HMNTY Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverHMNTY stockopened at $22.70 on Wednesday. The firm has a 50 day moving average price of $18.92 and a 200-day moving average price of $17.78. Hemnet Group AB has a 52-week low of $11.43 and a 52-week high of $22.70. (Get Free Report) Hemnet Group AB (publ) operates a residential property platform in Sweden. Its platform gathers various property buyers, sellers, and real estate agents in one place.Hemnet Group AB (publ) was founded in 1998 and is headquartered in Stockholm, Sweden.

763563

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Short Interest in Legacy Education Alliance, Inc. (OTCMKTS:LEAI) Drops By 56.9%

Legacy Education Alliance, Inc. (OTCMKTS:LEAI – Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, a decline of 56.9% from the October 31st total…

https://www.etfdailynews.com/2023/11/29/short-interest-in-legacy-education-alliance-inc-otcmktsleai-drops-by-56-9/

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2023-11-29 13:20:48

Legacy Education Alliance, Inc. (OTCMKTS:LEAI – Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling … [+1467 chars]

Real estate

Legacy Education Alliance, Inc. (OTCMKTS:LEAI–Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, a decline of 56.9% from the October 31st total of 11,600 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 0.2 days. OTCMKTS LEAIopened at $0.14 on Wednesday. The company has a 50-day moving average price of $0.18 and a 200-day moving average price of $0.21. Legacy Education Alliance has a 52 week low of $0.08 and a 52 week high of $0.27. Legacy Education Alliance (OTCMKTS:LEAI–Get Free Report) last posted its quarterly earnings data on Monday, November 20th. The company reported ($0.03) EPS for the quarter. The firm had revenue of ($0.02) million during the quarter. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold Forever(Get Free Report) Legacy Education Alliance, Inc, together with its subsidiaries, provides educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques in North America, the United Kingdom, and internationally. The company markets its products and services under the Building Wealth with Legacy and Homemade Investor by Tarek El Moussa brands.

763567

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Guggenheim Capital LLC Lowers Stock Position in Stewart Information Services Co. (NYSE:STC)

Guggenheim Capital LLC trimmed its position in shares of Stewart Information Services Co. (NYSE:STC – Free Report) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned…

https://www.etfdailynews.com/2023/11/29/guggenheim-capital-llc-lowers-stock-position-in-stewart-information-services-co-nysestc/

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2023-11-29 12:56:41

Guggenheim Capital LLC trimmed its position in shares of Stewart Information Services Co. (NYSE:STC – Free Report) by 10.1% in the second quarter, according to the company in its most recent 13F fili… [+5088 chars]

Real estate

Guggenheim Capital LLC trimmed its position in shares of Stewart Information Services Co. (NYSE:STC–Free Report) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,187 shares of the insurance provider’s stock after selling 10,460 shares during the period. Guggenheim Capital LLC owned approximately 0.34% of Stewart Information Services worth $3,834,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in the company. Raymond James & Associates increased its stake in Stewart Information Services by 5.7% during the first quarter. Raymond James & Associates now owns 13,226 shares of the insurance provider’s stock worth $802,000 after acquiring an additional 717 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Stewart Information Services by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,416 shares of the insurance provider’s stock worth $874,000 after purchasing an additional 5,120 shares during the period. Rhumbline Advisers increased its position in Stewart Information Services by 2.0% during the 1st quarter. Rhumbline Advisers now owns 76,531 shares of the insurance provider’s stock worth $4,639,000 after purchasing an additional 1,472 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Stewart Information Services by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,183 shares of the insurance provider’s stock valued at $1,405,000 after buying an additional 2,859 shares during the period. Finally, BlackRock Inc. lifted its position in Stewart Information Services by 1.7% during the first quarter. BlackRock Inc. now owns 3,941,377 shares of the insurance provider’s stock valued at $238,885,000 after buying an additional 64,081 shares in the last quarter. 96.78% of the stock is owned by hedge funds and other institutional investors. Shares ofNYSE:STCopened at $47.15 on Wednesday. The business’s 50-day simple moving average is $43.66 and its 200 day simple moving average is $43.18. The company has a market cap of $1.29 billion, a P/E ratio of 36.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.03 and a current ratio of 2.03. Stewart Information Services Co. has a one year low of $36.01 and a one year high of $51.72. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverStewart Information Services (NYSE:STC–Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.15. Stewart Information Services had a net margin of 1.50% and a return on equity of 3.84%. The company had revenue of $601.71 million during the quarter, compared to the consensus estimate of $573.37 million. During the same quarter last year, the company earned $1.37 earnings per share. Stewart Information Services’s revenue for the quarter was down 16.0% on a year-over-year basis. On average, sell-side analysts forecast that Stewart Information Services Co. will post 2.49 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.475 per share. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.90 annualized dividend and a yield of 4.03%. Stewart Information Services’s payout ratio is 148.44%. Separately,StockNews.comassumed coverage on shares of Stewart Information Services in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.50. View Our Latest Stock Analysis on STC (Free Report) Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates through Title and Real Estate Solutions segments. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property. Want to see what other hedge funds are holding STC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Stewart Information Services Co. (NYSE:STC–Free Report).

763568

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Guggenheim Capital LLC Cuts Holdings in Stewart Information Services Co. (NYSE:STC)

Guggenheim Capital LLC lessened its position in shares of Stewart Information Services Co. (NYSE:STC – Free Report) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fi…

https://www.etfdailynews.com/2023/11/29/guggenheim-capital-llc-cuts-holdings-in-stewart-information-services-co-nysestc/

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2023-11-29 12:56:41

Guggenheim Capital LLC lessened its position in shares of Stewart Information Services Co. (NYSE:STC – Free Report) by 10.1% in the second quarter, according to the company in its most recent Form 13… [+5171 chars]

Real estate

Guggenheim Capital LLC lessened its position in shares of Stewart Information Services Co. (NYSE:STC–Free Report) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,187 shares of the insurance provider’s stock after selling 10,460 shares during the period. Guggenheim Capital LLC owned approximately 0.34% of Stewart Information Services worth $3,834,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Stewart Information Services by 3.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,057 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 248 shares during the period. Yousif Capital Management LLC grew its stake in Stewart Information Services by 1.1% during the first quarter. Yousif Capital Management LLC now owns 24,644 shares of the insurance provider’s stock worth $1,494,000 after buying an additional 270 shares during the period. Advisory Services Network LLC increased its position in shares of Stewart Information Services by 74.9% in the first quarter. Advisory Services Network LLC now owns 698 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 299 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Stewart Information Services by 0.6% in the first quarter. Brandywine Global Investment Management LLC now owns 57,917 shares of the insurance provider’s stock worth $2,337,000 after acquiring an additional 323 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Stewart Information Services by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 66,382 shares of the insurance provider’s stock valued at $3,302,000 after acquiring an additional 356 shares during the period. 96.78% of the stock is currently owned by institutional investors and hedge funds. NYSE STCopened at $47.15 on Wednesday. The stock has a market cap of $1.29 billion, a PE ratio of 36.83 and a beta of 1.07. The business has a 50 day moving average price of $43.66 and a two-hundred day moving average price of $43.18. Stewart Information Services Co. has a fifty-two week low of $36.01 and a fifty-two week high of $51.72. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.33. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverStewart Information Services (NYSE:STC–Get Free Report) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.15. Stewart Information Services had a net margin of 1.50% and a return on equity of 3.84%. The business had revenue of $601.71 million during the quarter, compared to the consensus estimate of $573.37 million. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. As a group, sell-side analysts predict that Stewart Information Services Co. will post 2.49 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from Stewart Information Services’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 4.03%. Stewart Information Services’s dividend payout ratio (DPR) is currently 148.44%. Separately,StockNews.comassumed coverage on shares of Stewart Information Services in a research report on Thursday, October 5th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.50. Check Out Our Latest Report on Stewart Information Services (Free Report) Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services. The company operates through Title and Real Estate Solutions segments. The Title segment is involved in searching, examining, closing, and insuring the condition of the title to real property. Want to see what other hedge funds are holding STC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Stewart Information Services Co. (NYSE:STC–Free Report).

763575

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MarketBeat News

Franklin Resources Inc. Has $44.75 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:PEAK)

Franklin Resources Inc. boosted its stake in Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,226,397 …

https://www.etfdailynews.com/2023/11/29/franklin-resources-inc-has-44-75-million-stock-holdings-in-healthpeak-properties-inc-nysepeak/

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2023-11-29 12:27:27

Franklin Resources Inc. boosted its stake in Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securit… [+5190 chars]

Real estate

Franklin Resources Inc. boosted its stake in Healthpeak Properties, Inc. (NYSE:PEAK–Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,226,397 shares of the company’s stock after purchasing an additional 357,835 shares during the period. Franklin Resources Inc. owned about 0.41% of Healthpeak Properties worth $44,751,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in PEAK. Norges Bank bought a new position in Healthpeak Properties in the 4th quarter valued at approximately $386,590,000. JPMorgan Chase & Co. lifted its stake in Healthpeak Properties by 75.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,610,332 shares of the company’s stock valued at $313,768,000 after purchasing an additional 6,698,030 shares during the last quarter. Invesco Ltd. lifted its stake in Healthpeak Properties by 96.4% in the 1st quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock valued at $395,209,000 after purchasing an additional 5,650,120 shares during the last quarter. State Street Corp lifted its stake in Healthpeak Properties by 8.8% in the 1st quarter. State Street Corp now owns 38,709,498 shares of the company’s stock valued at $1,328,897,000 after purchasing an additional 3,142,939 shares during the last quarter. Finally, Eaton Vance Management lifted its stake in Healthpeak Properties by 226.9% in the 1st quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock valued at $124,156,000 after purchasing an additional 2,510,133 shares during the last quarter. Institutional investors own 92.55% of the company’s stock. PEAK has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Healthpeak Properties in a research note on Wednesday, October 11th. They set an “underperform” rating and a $18.00 price target for the company. Morgan Stanley dropped their price target on shares of Healthpeak Properties from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, September 7th. Wedbush reaffirmed a “neutral” rating and set a $19.00 price target on shares of Healthpeak Properties in a research note on Tuesday, October 31st. Bank of America downgraded shares of Healthpeak Properties from a “neutral” rating to an “underperform” rating and set a $17.50 price target for the company. in a research note on Monday, November 13th. Finally, Scotiabank decreased their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.88. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Analysis on Healthpeak Properties NYSE:PEAKopened at $17.02 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 7.64 and a beta of 0.98. The firm has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $19.36. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $28.43. Healthpeak Properties (NYSE:PEAK–Get Free Report) last posted its quarterly earnings results on Monday, October 30th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $556.20 million during the quarter, compared to analyst estimates of $543.57 million. Healthpeak Properties had a return on equity of 3.38% and a net margin of 11.17%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Analysts expect that Healthpeak Properties, Inc. will post 1.77 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date was Monday, November 6th. Healthpeak Properties’s dividend payout ratio is currently 272.73%. (Free Report) Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.

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Trexquant Investment LP Reduces Holdings in Prosperity Bancshares, Inc. (NYSE:PB)

Trexquant Investment LP lessened its position in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,771 shares of the bank’s stoc…

https://www.etfdailynews.com/2023/11/29/trexquant-investment-lp-reduces-holdings-in-prosperity-bancshares-inc-nysepb/

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2023-11-29 13:00:45

Trexquant Investment LP lessened its position in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing w… [+5848 chars]

Real estate

Trexquant Investment LP lessened its position in shares of Prosperity Bancshares, Inc. (NYSE:PB–Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,771 shares of the bank’s stock after selling 3,042 shares during the quarter. Trexquant Investment LP’s holdings in Prosperity Bancshares were worth $2,190,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its stake in Prosperity Bancshares by 1.2% during the first quarter. Ameritas Investment Partners Inc. now owns 43,697 shares of the bank’s stock worth $2,688,000 after buying an additional 505 shares during the period. Covestor Ltd boosted its position in shares of Prosperity Bancshares by 29.9% during the 2nd quarter. Covestor Ltd now owns 1,987 shares of the bank’s stock worth $112,000 after purchasing an additional 457 shares during the period. Texas Permanent School Fund Corp increased its holdings in Prosperity Bancshares by 1.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 83,011 shares of the bank’s stock valued at $4,688,000 after purchasing an additional 1,120 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Prosperity Bancshares in the first quarter valued at approximately $207,000. Finally, North Star Asset Management Inc. raised its position in Prosperity Bancshares by 17.8% in the first quarter. North Star Asset Management Inc. now owns 185,156 shares of the bank’s stock valued at $11,391,000 after purchasing an additional 27,976 shares during the period. Hedge funds and other institutional investors own 81.70% of the company’s stock. Shares ofProsperity Bancshares stockopened at $58.45 on Wednesday. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95. Prosperity Bancshares, Inc. has a 52-week low of $49.60 and a 52-week high of $78.76. The company’s 50-day simple moving average is $54.94 and its 200-day simple moving average is $57.40. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverProsperity Bancshares (NYSE:PB–Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. Prosperity Bancshares had a return on equity of 7.09% and a net margin of 30.16%. The business had revenue of $419.10 million during the quarter, compared to analysts’ expectations of $278.16 million. During the same period last year, the firm earned $1.49 EPS. Equities research analysts anticipate that Prosperity Bancshares, Inc. will post 4.95 EPS for the current year. The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, December 14th. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.55. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 43.82%. PB has been the topic of several research reports. Truist Financial reduced their price target on shares of Prosperity Bancshares from $70.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Royal Bank of Canada reduced their price objective on Prosperity Bancshares from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. UBS Group began coverage on Prosperity Bancshares in a report on Thursday, September 28th. They issued a “buy” rating and a $64.00 target price for the company. Raymond James lowered their price objective on Prosperity Bancshares from $68.00 to $65.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 26th. Finally, Stephens cut their price target on Prosperity Bancshares from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.63. Get Our Latest Report on PB (Free Report) Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. Want to see what other hedge funds are holding PB?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Prosperity Bancshares, Inc. (NYSE:PB–Free Report).

763577

nan

ETF Daily News

MarketBeat News

Brookfield Co. (NYSE:BN) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in Brookfield Co. (NYSE:BN – Free Report) by 29.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,772 shares of the company’s stock after selling 1,150 shares during the perio…

https://www.etfdailynews.com/2023/11/29/brookfield-co-nysebn-shares-sold-by-huntington-national-bank/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/brookfield-co-logo.png?v=20221214105126&w=240&h=240&zc=2

2023-11-29 12:48:46

Huntington National Bank lessened its stake in Brookfield Co. (NYSE:BN – Free Report) by 29.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,772 shares of the… [+4920 chars]

Real estate

Huntington National Bank lessened its stake in Brookfield Co. (NYSE:BN–Free Report) by 29.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,772 shares of the company’s stock after selling 1,150 shares during the period. Huntington National Bank’s holdings in Brookfield were worth $93,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its stake in shares of Brookfield by 4.4% in the second quarter. Ritholtz Wealth Management now owns 7,821 shares of the company’s stock worth $263,000 after acquiring an additional 331 shares in the last quarter. RMB Capital Management LLC grew its stake in shares of Brookfield by 2.1% in the first quarter. RMB Capital Management LLC now owns 16,707 shares of the company’s stock worth $544,000 after acquiring an additional 350 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Brookfield by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 22,619 shares of the company’s stock worth $762,000 after purchasing an additional 458 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Brookfield by 0.3% in the first quarter. ClariVest Asset Management LLC now owns 189,070 shares of the company’s stock valued at $6,152,000 after acquiring an additional 490 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Brookfield by 0.5% in the first quarter. BlackRock Inc. now owns 114,455 shares of the company’s stock valued at $3,730,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock. Shares ofBrookfield stockopened at $34.78 on Wednesday. Brookfield Co. has a 52-week low of $28.25 and a 52-week high of $47.53. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $32.14 and its 200-day simple moving average is $32.77. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverBrookfield (NYSE:BN–Get Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Brookfield had a net margin of 0.12% and a return on equity of 2.23%. The business had revenue of $24.44 billion for the quarter, compared to analyst estimates of $1.07 billion. The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.81%. Brookfield’s payout ratio is currently -933.02%. A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. CIBC reduced their price target on shares of Brookfield from $47.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. TD Securities boosted their price target on shares of Brookfield from $54.00 to $55.00 and gave the company an “action list buy” rating in a research report on Sunday, November 12th. CSFB reduced their price target on shares of Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, August 31st. Finally, Royal Bank of Canada reduced their price target on shares of Brookfield from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, October 24th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.78. Get Our Latest Report on BN (Free Report) Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. Want to see what other hedge funds are holding BN?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BN–Free Report).

763592

nan

ETF Daily News

MarketBeat News

Financial Survey: Redrow (OTCMKTS:RDWWF) vs. Dream Finders Homes (NASDAQ:DFH)

Redrow (OTCMKTS:RDWWF – Get Free Report) and Dream Finders Homes (NASDAQ:DFH – Get Free Report) are both consumer cyclical companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, analyst recom…

https://www.etfdailynews.com/2023/11/29/financial-survey-redrow-otcmktsrdwwf-vs-dream-finders-homes-nasdaqdfh/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/dream-finders-homes-inc-logo.jpg?v=20210329131658&w=240&h=240&zc=2

2023-11-29 09:52:41

Redrow (OTCMKTS:RDWWF – Get Free Report) and Dream Finders Homes (NASDAQ:DFH – Get Free Report) are both consumer cyclical companies, but which is the better investment? We will compare the two busin… [+3537 chars]

Real estate

Redrow (OTCMKTS:RDWWF–Get Free Report) and Dream Finders Homes (NASDAQ:DFH–Get Free Report) are both consumer cyclical companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, valuation, institutional ownership, profitability and risk. This is a summary of current ratings and recommmendations for Redrow and Dream Finders Homes, as provided by MarketBeat. Dream Finders Homes has a consensus price target of $18.00, suggesting a potential downside of 25.47%. Given Dream Finders Homes’ higher possible upside, analysts plainly believe Dream Finders Homes is more favorable than Redrow. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThis table compares Redrow and Dream Finders Homes’ top-line revenue, earnings per share (EPS) and valuation. Dream Finders Homes has higher revenue and earnings than Redrow. 22.7% of Dream Finders Homes shares are owned by institutional investors. 74.1% of Dream Finders Homes shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term. This table compares Redrow and Dream Finders Homes’ net margins, return on equity and return on assets. Dream Finders Homes beats Redrow on 7 of the 9 factors compared between the two stocks. (Get Free Report) Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquires, develops, and resells land; develops and sells residential housing properties; and business park maintenance services. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom. (Get Free Report) Dream Finders Homes, Inc. operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, Austin, Dallas, and Houston. The company also provides insurance agency services, including closing, escrow, and title insurance, as well as mortgage banking solutions. It sells its homes through its sales representatives and independent real estate brokers. The company was founded in 2008 and is headquartered in Jacksonville, Florida.

763595

the-times-of-india

The Times of India

ET Now

Lightening up a bit prior to election results would be a good idea: Gautam Trivedi

“A lot of people have obviously not really made any significant money in the Chinese markets for the last several years. And India, of course, has gone only one way. As a result, I think the bias, or the preference of India is undoubtedly very clear. Having s…

https://economictimes.indiatimes.com/markets/expert-view/lightening-up-a-bit-prior-to-election-results-would-be-a-good-idea-gautam-trivedi/articleshow/105585883.cms

2023-11-29 07:27:05

Gautam Trivedi, Co-Founder &amp; Managing Partner, Napean Capital, says if for whatever reason, the BJP or the NDA did not come back to power in the 2024 elections, my view is it will be the two best… [+7502 chars]

Real estate

ETMarkets.com Gautam Trivedi , Co-Founder & Managing Partner, Napean Capital , says “if for whatever reason, the BJP or the NDA did not come back to power in the 2024 elections, my view is it will be the two best days to buy India because that is when the market will correct. People who have that foresight, have a vision of where India is going to be 10 years from now, no matter which government really comes into power I think those should be the two best days to buy the market.” It is not looking all that clear when it comes to markets. It is very foggy, valuations are just not stretched. You really have to do a lot of hard work. It is like Delhi fog right now. You really have to work hard to keep yourself safe, right? That is right. I was in Delhi last week and AQIs were ranging from 350 to 450. And yes, it was extremely foggy. But I was in the US until a few weeks ago where I met a whole bunch of institutional investors, discussed India at length, and India versus China which invariably came up. So I think the verdict was very clear that there is a lot of anger against China from an equity markets perspective. Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Executive Officer Programme Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit Indian School of Business ISB Chief Technology Officer Visit A lot of people have obviously not really made any significant money in the Chinese markets for the last several years. And India, of course, has gone only one way. As a result, I think the bias, or the preference of India is undoubtedly very clear. Having said that, the single biggest hurdle that I saw was the valuation. At 20 times calendar next year, PE will still remain the most expensive in a large economy, large market in the world, which is not a surprise. But it seems to be a hindrance from especially US institutional investors to incrementally put new money to work in the market. Even since the highs of September, we have seen almost $5 billion of selling. This month, also, we have seen sub $100 million of net buying which is really neither here nor there. These are the things I would be concerned about from a foreign perspective. But on the domestic front, we have seen $20 billion of net money coming into the equity markets and almost $2 billion of net flows from retail investors into domestic mutual funds. I do not see that slowing down, frankly. While I completely agree with you that the India appeal is so strong, and money will come to India, we have been talking about this theory for the last 12-18 months now. Where are the flows? Where are our friends? When will they come back? I think we need to have a correction. Personally, a correction would be very welcome. There is a lot of froth in the market. A lot of stocks are extremely expensive. And yes, we can stretch the timeline and say let us look at the stock now from a 3-4 year view. Let us not look at it from a 12-month view. So most sell-side research today is 12-month oriented from a target price perspective. They have modelling for up to FY26. But I do not see people being able to confidently say that now is a good time to buy the broader market because it is expensive. I see a lot of research reports out there that maybe overweight India, but little confused on what stocks to actually put money into. You Might Also Like: Bears caught on wrong foot & new highs are on cards; 3 stocks that will outperform: Sanjiv Bhasin Current top compounding themes are real estate, financials and EMS. I am going to keep financials aside, because that is something which we have discussed last time but why real estate and why EMS? EMS in terms of valuations has already run up most of the EMS stocks and just four, five of them are trading at multiples of 40-50 times already. The EMS companies are where the Indian IT sector was 25 years ago. If you just look at even the absolute quarterly numbers which came out for the second quarter, the aggregate revenue was up 28% year on year, EBITDA was up 19%, PAT was up 24%. And these are not four to five companies, there are now nine companies that are listed which includes Amber and Dixon Technologies. I believe there are another four to five companies that will go for IPOs very shortly. So the universe is only expanding, as did the universe of the Indian IT space over the last 25 years. So this is a space which will see incrementally more investments coming in. Literally, if you were to pick one sector in India that will benefit from China plus one, it is definitely this. We are seeing that increasingly MNC companies want to diversify. Apple being the poster child of what they are doing now in India, $4 billion worth of exports. Again, it is a small fraction of their $400 billion top line but it is a great headline to have. We will see the numbers incrementally going up. Hence, I am very bullish on the EMS space. Let us chat about another compounding theme – auto. Many auto companies are acknowledging that festive sales have not been all that great. Companies are resorting to price hikes, talking about inflationary concerns. What is the outlook there? The auto sector is another steady compounder. I do not mean only two-wheelers, even passenger cars. I was reading the statistics this morning and it startled me. And it said that in India, only 4% own luxury cars versus the West where the figure is 60%. So I think the runway of people incrementally buying more luxury cars, whether it is BMW or Mercedes, or what have you, will clearly be a huge positive for some of these companies. The numbers for Mercedes for example, for the last several years have incrementally been going up steadily. So to the extent, the global CEO of Mercedes said India, for the next several years, is going to be the fastest growing market. Fastest growing in terms of not volume necessarily, but percentage growth. You Might Also Like: Midcaps and smallcaps will continue to drive the rally upwards: Deepak Shenoy Should there be any tactical positioning for the state election results or in the run-up to the 2024 general elections? I do not like commenting on political outcomes and what may necessarily happen and how the markets would react. But what I have said in the past is that if, for whatever reason, the BJP or the NDA did not come back to power in the 2024 elections, my view is it will be the two best days to buy India because that is when the market will correct. People who have that foresight, have a vision of where India is going to be 10 years from now, no matter which government really comes into power I think those should be the two best days to buy the market. If the markets do not fall, then what should one do? I mean, what we are trying to perhaps understand from you is, okay, fair enough, that if markets fall, you should buy them. But to buy, you need cash, which means you will have to take a tactical call of raising 10-15% cash in your portfolio. Would you do that? Should one do that? Ahead of the general elections, lightening up would be a good idea because if for whatever reason, the NDA does not come back to power. Again, I am not taking any sides here, but that is the narrative that I hear from a whole bunch of market participants, including the ones offshore. And in fact, that was the one question that was asked repeatedly on this trip to the East Coast when I was there a few weeks ago, that will Prime Minister Modi get a third term. So that was clearly a concern besides the valuation and concern in a good way, in the sense that if he were to come back into power, they would incrementally look at putting more money to work. So lightening up a bit prior to election results would be a good idea. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on india india vs china valuations gautam trivedi Investment themes | EMS | Auto election 2024 Napean Capital expert view Stock Market et now (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763598

nan

GlobeNewswire

Colliers International Group Inc

Challenging conditions to persist, but expectation of clearer rate outlook and tightening bid-ask spreads on the horizon

Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector

https://www.globenewswire.com/news-release/2023/11/29/2787432/0/en/Challenging-conditions-to-persist-but-expectation-of-clearer-rate-outlook-and-tightening-bid-ask-spreads-on-the-horizon.html

https://ml.globenewswire.com/Resource/Download/da88e6ce-5f24-4f05-b647-3f71d798a8dd

2023-11-29 00:00:00

LONDON and TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The 2024 Global Investor Outlook released by Colliers (NASDAQ and TSX: CIGI) today reveals that challenging market conditions will persist into 2… [+6002 chars]

Real estate

LONDON and TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) --The 2024 Global Investor Outlookreleased by Colliers (NASDAQ and TSX: CIGI) today reveals that challenging market conditions will persist into 2024, though expectations of a clearer rate outlook and tightening bid-ask spreads are on the horizon. Lower investment activity has constrained pricing discovery due to limited data points. As investors continue to seek stability in policy environments, industrial & logistics (I&L), multifamily and office sectors largely remain their top picks in the upcoming year. Pockets of opportunity are continuing to emerge as distress forces companies to unlock capital via sale and leasebacks, and property funds face redemption pressures. Furthermore, a record proportion (25%) of investors surveyed have ESG-based disposal and acquisition strategies in place – up from 10% just two years ago. As a result, a wave of disposals and value-add opportunities are coming to market, with investors raising capital for brown-to-green conversions of these assets. “We’ve heard from investors that stability is key. With anticipated ‘higher for longer’ interest rates to combat inflation, expectations for capital markets are tempered. If greater certainty emerges, along with the softening of underlying valuations, that will drive additional transaction volume next year. The best-positioned investors will be those who are ready to act on opportunity,” said Luke Dawson, Head of Global & EMEA Capital Markets at Colliers. Sustained appetite for I&L leading to partnerships Demand for all I&L segments is, and will remain, high. The limited supply of standard product is providing a solid backstop for values, leading more investors to explore specialized sub-sectors connected to the evolution of e-commerce and supply chains, including cold and dark storage, light industrial and manufacturing. Additional protectionist industrial policies and increasing cost of energy will encourage more onshoring and nearshoring of operations. “Many investors feel I&L assets provide greater stability and growth potential, given its strong underlying fundamentals and structural drivers. Facing fewer lenders and higher borrowing costs, we’re seeing investors pool funds and form alliances and joint ventures with partners who have the expertise to navigate specialist or sub-sector markets,” said Damian Harrington, Head of Research, Global & EMEA Capital Markets at Colliers. Demographic and economic drivers help multifamily retain appeal Like I&L, the living sector has also shown more resilience, buoyed by a strong outlook. Investors anticipate that supply-and-demand imbalance caused by population growth and housing availability and affordability issues will support this sector for the foreseeable future. Many remain keen on deploying capital into alternative living classes such as purpose-built student accommodation and senior housing, both linked to fundamental demographic trends. The growth potential offered by build-to-rent (BTR) assets being developed is heightened too as overall high prices and mortgage rates keep households, students, and young professionals firmly in the rental pool. Widening best vs. rest office performance Relative to other markets, those in APAC have returned to the office in full force. Hubs such as Singapore, Tokyo and Seoul boast some of the world’s lowest office vacancy rates. While the fundamental need for office remains globally, investors are gravitating towards high-quality space and value-add opportunities to reposition assets to match the evolving needs of occupiers and employees. In fact, Colliers’ survey found that nearly 80% of investors expect sustainability-certified offices to command a premium, with 65% believing premiums will be upwards of 5% in EMEA and APAC. “Availability of well-located, premium (net-zero / ESG) space will remain lean, while the value gap between the best and the rest continues to widen. This should contribute to spillover demand in retrofitted stock as investors generate value from brown-to-green conversions. The redevelopment and repurposing of assets to meet sustainability criteria or serve a new purpose is set to be a significant driver of activity next year and beyond,” continued Harrington. “The path to market recovery will be uneven with divergence across multiple sectors around the world. Similar patterns are evident in hotel and retail, where budget segments are thriving as inflation-hit consumers look to control costs and luxury segments are being lifted by a wealthier customer base. It is the undistinguished middle market that is struggling to find traction with investors, unless heavily discounted. In a rapidly evolving environment, understanding markets and asset classes at a more granular level is critical to investors’ value-generating strategies,” concluded Dawson. About the 2024 Global Investor Outlook The fourth edition of our annual outlook for global property investors synthesizes the views of Colliers Capital Markets experts and the results of a survey of international investors. The findings and opinions featured in the report are shaped by their responses. About Colliers Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more atcorporate.colliers.com, X@ColliersorLinkedIn. Media ContactAndrea CheungSenior Manager, Global Integrated Communicationsandrea.cheung@colliers.com416-324-6402 A photo accompanying this announcement is available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/86b34586-87cd-4691-b179-6b37ff06cbda

763607

the-times-of-india

The Times of India

Faizan Haidar

Delhi RERA withdraws circular on property registration after LG’s intervention

Delhi RERA, in a circular on September 19 had said that it has come to the notice of the authority that various civic authorities like MCD, DDA, NDMC and Delhi Cantonment Board are sanctioning building plans with dwelling units having kitchen as above with ad…

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/delhi-rera-withdraws-circular-on-property-registration-after-lgs-intervention/articleshow/105589327.cms

2023-11-29 08:54:48

Delhi Real Estate Regulatory Authority (RERA) has withdrawn the circular where it had asked the revenue department to not register properties constructed beyond the beyond the number of units permitt… [+1666 chars]

Real estate

Agencies Delhi Real Estate Regulatory Authority ( RERA ) has withdrawn the circular where it had asked the revenue department to not register properties constructed beyond the beyond the number of units permitted as per the size of the plot. The Lieutenant Governor, VK Saxena said that he has been receiving several representations and complaints from public representatives- MPs, MLAs and Municipal Councillors, Civil Society Organizations about the problems being faced by the people in Delhi, after the recent order. LG on Tuesday met the Chairman and members of RERA, along with the Chief Secretary and the Divisional Commissioner at Raj Niwas . He brought to their notice the acute problems and harassment being faced by the residents of Delhi and had wide ranging discussions regarding the repercussion of the said order. Delhi RERA, in a circular on September 19 had said that it has come to the notice of the authority that various civic authorities like MCD , DDA , NDMC and Delhi Cantonment Board are sanctioning building plans with dwelling units having kitchen as above with additional dwelling units without kitchen built with pantry or store. The builders after sanction of building plans, convert pantries and stores into kitchens and sell units as separate dwelling units, circumventing orders of the Hon'ble Supreme Court . “In order ot ensure that the Supreme Court's order is followed and implemented, not more than the number of dwelling units specified are allowed to be constructed on various plot sizes,” Delhi RERA had said. Delhi RERA had said that all building plans sanctioned after September 15, must indicate clearly the total number of dweling units that can be constructed on the plot marking each dweling unit separately on the plan. The LG had requested the RERA to re-visit the order in view of the hardship it is causing to common people in Delhi. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on rera raj niwas delhi supreme court ndmc mcd hon ble supreme court dda (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories Petrol, diesel price revision only when oil price stabilises below USD 80 India's infrastructure output growth quickens to 12.1 per cent in October India, Africa to be major contributors to 112 million barrel/day of peak global crude oil demand in 2030: S&P Whirlpool to sell 24% stake in India business to reduce debt Padget Electronics' new smartphone manufacturing facility inaugurated by IT Minister Ashwini Vaishnaw HPCL to commission Chhara LNG terminal in 2-3 months; gets 6-7 offers to hire capacity Thailand’s MQDC to announce first residential project in India early next year Rice on cusp of fresh 15-year high in Asia after sharp rebound REC board approves hike in borrowing to Rs 1.5 lakh cr for FY24 India's oil imports from Russia rebound in November: Data 1 2 3 4 5 6 7 8 9 10

763610

nan

ETF Daily News

MarketBeat News

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) Shares Sold by Huntington National Bank

Huntington National Bank cut its stake in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR – Free Report) by 66.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,727 shares of the asset manager’s stock after se…

https://www.etfdailynews.com/2023/11/29/kohlberg-kravis-roberts-co-l-p-nysekkr-shares-sold-by-huntington-national-bank/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/kkr--co-inc-logo.jpg?v=20221024140836&w=240&h=240&zc=2

2023-11-29 12:48:47

Huntington National Bank cut its stake in Kohlberg Kravis Roberts &amp; Co. L.P. (NYSE:KKR – Free Report) by 66.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. T… [+5244 chars]

Real estate

Huntington National Bank cut its stake in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR–Free Report) by 66.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,727 shares of the asset manager’s stock after selling 3,395 shares during the period. Huntington National Bank’s holdings in Kohlberg Kravis Roberts & Co. L.P. were worth $97,000 as of its most recent SEC filing. Other hedge funds have also modified their holdings of the company. Disciplined Investments LLC raised its holdings in Kohlberg Kravis Roberts & Co. L.P. by 2,861.1% in the first quarter. Disciplined Investments LLC now owns 533 shares of the asset manager’s stock valued at $28,000 after buying an additional 515 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of Kohlberg Kravis Roberts & Co. L.P. during the first quarter valued at approximately $46,000. SkyView Investment Advisors LLC purchased a new stake in shares of Kohlberg Kravis Roberts & Co. L.P. during the first quarter valued at approximately $49,000. Northwest Bank & Trust Co purchased a new stake in shares of Kohlberg Kravis Roberts & Co. L.P. during the second quarter valued at approximately $56,000. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Kohlberg Kravis Roberts & Co. L.P. by 146.9% during the first quarter. Brown Brothers Harriman & Co. now owns 1,358 shares of the asset manager’s stock valued at $71,000 after purchasing an additional 808 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds. Shares ofKKRopened at $69.38 on Wednesday. Kohlberg Kravis Roberts & Co. L.P. has a 1 year low of $45.03 and a 1 year high of $69.52. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a fifty day moving average of $61.63 and a 200-day moving average of $59.16. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverKohlberg Kravis Roberts & Co. L.P. (NYSE:KKR–Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Kohlberg Kravis Roberts & Co. L.P. had a net margin of 22.16% and a return on equity of 4.14%. The company had revenue of $903.15 million during the quarter, compared to the consensus estimate of $934.12 million. As a group, equities analysts anticipate that Kohlberg Kravis Roberts & Co. L.P. will post 2.86 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.66 annualized dividend and a yield of 0.95%. Kohlberg Kravis Roberts & Co. L.P.’s payout ratio is presently 21.78%. KKR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Wells Fargo & Company lifted their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th.StockNews.comupgraded shares of Kohlberg Kravis Roberts & Co. L.P. from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. The Goldman Sachs Group lifted their price target on shares of Kohlberg Kravis Roberts & Co. L.P. from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Piper Sandler lifted their price target on shares of Kohlberg Kravis Roberts & Co. L.P. from $59.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kohlberg Kravis Roberts & Co. L.P. has an average rating of “Moderate Buy” and a consensus price target of $73.86. Check Out Our Latest Research Report on KKR (Free Report) Kohlberg Kravis Roberts & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

763615

the-times-of-india

The Times of India

Reuters

Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-command

The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units.

https://economictimes.indiatimes.com/markets/stocks/news/charlie-munger-the-oracle-of-pasadena-who-was-buffetts-second-in-command/articleshow/105575620.cms

2023-11-29 00:19:30

NEW YORK, - Charles Munger, who died on Tuesday, went from working for Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's se… [+7265 chars]

Real estate

Remembering Charles T. Munger: The investing genius who transformed Berkshire Hathaway NEW YORK, - Charles Munger, who died on Tuesday, went from working for Warren Buffett 's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units. Yet the partnership that formally began when they teamed up in 1975 at Berkshire, where Buffett was chairman and Munger became vice chairman in 1978, thrived despite pronounced differences in style, and even investing. Known almost universally as Charlie, Munger displayed a blunter form of musings, often in laconic one-liners, on investing, the economy, and the foibles of human nature. He likened bankers to uncontrollable "heroin addicts," called the virtual currency Bitcoin "rat poison," and told CNBC that "gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold. They invest in productive businesses." Munger was no less pithy in talking about Berkshire, which made both he and Buffett billionaires and many early shareholders rich as well. "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," Munger said in 2010. "It's not brilliance. It's just avoiding stupidity." Also read: Charles T. Munger, much more than Warren Buffett's no. 2, dies at 99 EXPANDING BUFFETT'S HORIZONS Munger and Buffett did differ politically, with Munger being a Republican and Buffett a Democrat. They also differed in personal interests. For example Munger had a passion for architecture, designing buildings such as a huge proposed residence for the University of California, Santa Barbara known as "Dormzilla," while Buffett claimed not to know the color of his bedroom wallpaper. Yet at Berkshire, the men became inseparable, finishing each other's ideas and according to Buffett never having an argument. Indeed, when Munger and Buffett would field shareholder questions for five hours at Berkshire's annual meetings, Munger routinely deadpanned after Buffett finished an answer: "I have nothing to add." More often, he did, prompting applause, laughter or both. "I'm slightly less optimistic than Warren is," Munger said at the 2023 annual meeting, prompting laughter after Buffett expressed his familiar optimism for America's future. "I think the best road ahead to human happiness is to expect less." Like Buffett, Munger was a fan of the famed economist Benjamin Graham. Yet Buffett has credited Munger with pushing him to focus at Berkshire on buying wonderful companies at fair prices, rather than fair companies at wonderful prices. "Charlie shoved me in the direction of not just buying bargains, as Ben Graham had taught me," Buffett has said. "It was the power of Charlie's mind. He expanded my horizons." ORACLE OF PASADENA Fans dubbed Buffett the "Oracle of Omaha," but Munger was held in equal esteem by his own followers, who branded him the "Oracle of Pasadena" after his adopted hometown in California. Munger reserved many of his public comments for annual meetings of Berkshire; his investment vehicle Wesco Financial Corp, which Berkshire bought out in 2011; and Daily Journal Corp, a publishing company he chaired for 45 years. To fans, Munger was as much the world-weary psychiatrist as a famed investor. Many of his observations were collected in a book, "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger," with a foreword by Buffett. "I was raised by people who thought it was a moral duty to be as rational as you could possibly make yourself," Munger told Daily Journal shareholders in 2020. "That notion," he added, "has served me enormously well." In 2009, during the worst U.S. recession since the Great Depression, he tried to put his followers at ease. "If you wait until the economy is working properly to buy stocks, it's almost certainly too late," he said at Wesco's annual meeting. After that gathering, Los Angeles Times columnist and Wesco investor Kathy Kristof wrote about Munger: "He gives us hope." TETE-A-TETE Born on Jan. 1, 1924, Munger as a boy once worked part-time at the Omaha grocery run by Buffett's grandfather Ernest. Buffett also worked there though he and Munger, who was 6-1/2 years older, did not work together. Munger later enrolled at the University of Michigan, but dropped out to work as a meteorologist in the U.S. Army Air Corps during World War II. Despite never getting an undergraduate degree, Munger graduated from Harvard Law School in 1948. He then practiced law in Los Angeles, co-founding the law firm now known as Munger, Tolles & Olson, before turning in the mid-1960s to managing investments in stocks and real estate. Munger was a success, easily outperforming the broader market between 1962 and 1975 at his investment partnership Wheeler, Munger & Co. According to Buffett biographer Alice Schroeder, Munger met Buffett in Omaha in 1959, where at a private room at the Omaha Club they "fell into a tete-a-tete" after being introduced. More conversations followed, and they were soon talking by phone for hours on end. "Why are you paying so much attention to him?" Munger's second wife Nancy reportedly asked her husband. "You don't understand," Munger replied. "That is no ordinary human being." KNOWING HIS MILIEU The two shared the "value investing" philosophy espoused by Graham, looking for well-run companies with undervalued share prices. Sometimes Munger and Buffett deemed those companies "cigar butts," meaning they were out of favor but had a few "puffs" of life left, but they often proved worth holding onto for decades. Both generally shunned technology companies and other businesses they claimed not to understand, and they avoided getting burned after the late 1990s dot-com bubble went bust. Instead, they oversaw purchases such as the BNSF railroad in 2010, and ketchup maker H.J. Heinz Co, which Berkshire and private equity firm 3G Capital bought in 2013. Berkshire and 3G later merged Heinz with Kraft Foods. It was Munger who suggested that Buffett make one of Berkshire's few non-U.S. investments, in Chinese automobile and battery company BYD Co. Munger was also responsible for introducing Buffett to Todd Combs, who along with Ted Weschler run parts of Berkshire's investment portfolio. Unlike Buffett, who opened a Twitter account - seldom used - Munger resisted heading into social media. "That's not my milieu. I don't like too many things going on at once," he once told Reuters. But in many other ways, he was much like his business partner, especially in not chasing the latest trends. "I am personally skeptical of some of the hype that has gone into artificial intelligence," Munger said at the 2023 annual meeting. "I think old-fashioned intelligence works pretty well." Munger lived modestly and drove his own car, though he used a wheelchair in his final years. He was also a generous philanthropist, pledging more than $100 million in 2013 to build housing at the University of Michigan. Nancy Munger died in 2010. Charlie Munger had six children and two stepchildren from his marriages. Connect with Experts - Wealth creation made easy In Video: Remembering Charles T. Munger: The investing genius who transformed Berkshire Hathaway Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on Charlie Munger Warren Buffett Great Depression Berkshire Hathaway business (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763630

the-times-of-india

The Times of India

Faizan Haidar

Malls expected to attract investment of over Rs 20,000 cr in next 3-4 years

Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption…

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/malls-expected-to-attract-investment-of-over-rs-20000-cr-in-next-3-4-years/articleshow/105587831.cms

2023-11-29 08:17:21

Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail… [+3321 chars]

Real estate

AFP REPRESENTATIVE IMAGE Mall space in India is set to increase by 30-35 million square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption across geographies as well as sectors fortifies demand resilience. In fact, revenue of mall owners for this fiscal is estimated at 125% of the pre-pandemic level. The area addition will be aided by continued investor interest in malls, as evident from investments in new assets. This, along with comfortable balance sheets, will keep credit risk profiles of mall owners stable despite the sizeable capital expenditure (capex) plans. “Malls are expected to attract investment of more than Rs 20,000 crore over the next 3-4 years. The reasons for the sizeable supply addition are twofold: one, resumption of work on new supply, which was stalled during the pandemic due to uncertainty regarding the timeline of recovery. And two, robust retail sales at malls and the consequent strong operating performance of mall owners in the current as well as last fiscal,” said Anand Kulkarni, Director, CRISIL Ratings , The large upcoming supply has two characteristics. First, it is geographically well diversified, with Tier 2 cities garnering a quarter of the upcoming mall area. This underscores the increasing depth of consumption beyond metros and Tier 1 cities, which traditionally saw the most interest from mall owners. This diversification augurs well for the business risk profiles of mall owners. Second, thriving investor interest will help fund the area expansion. CRISIL Ratings estimates that 15-20% of the investments towards new supply will be funded by investors such as private equity , global pension funds and sovereign wealth funds. The launch of India’s first retail assets-led real estate investment trust (REIT) this fiscal also reflects the investor interest. Such platforms will provide avenues to mall owners for monetising assets and unlock capital for new investments. To be sure, the investments in the sector are riding on the healthy performance of malls. “Mall owners are likely to report a second consecutive year of high performance this fiscal, with revenue growth of 7-9%, following the robust 60% growth last fiscal. This strong performance has helped malls sustain healthy occupancy of 95%. The operating performance is likely to remain strong over the medium term due to the underlying broad-based consumption across multiple retail categories,” said Saina Kathawala, Associate Director, CRISIL Ratings. Sectors such as jewellery, restaurants, sports and electronics have recovered well above their pre-pandemic levels and maintained double-digit growth this fiscal. Some sectors, such as apparel and footwear, have also seen strong recovery, albeit with some tapering this fiscal. Multiplexes, which are typically strong footfall drivers for malls, are also seeing healthy performance with improved content availability. Strong operating performance and comfortable balance sheets, supported by equity infusion by investors, will keep credit risk profiles in the CRISIL Ratings sample stable. The ratio of debt to earnings before interest, taxes, depreciation and amortisation (Ebitda) is expected at 3 times this fiscal, marginally better than 3.2 times last fiscal. The debt service coverage ratio (DSCR) will remain strong at 1.8 times this fiscal (similar to fiscal 2023 and a significant improvement from ~1.2 times in fiscal 2022). Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on Malls India investment Capital Supply Equity CRISIL Ratings (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Recommended Stories NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service Irdai ups scrutiny of broking deals, approvals take longer Star's revenue from sports biz drops 39% Luxury inc sees India as the next big destination Working towards completing merger deal with Sony: ZEEL At Balaji, get a taste of big things to come Chinese handset companies low share in India's exports draws govt ire Rediffusion, star spar over Kabaddi ad Japan's Mizuho lines up Rs 4,100 crore for India CCI approves Atlas’ stake hike in Vodafone Group 1 2 3 4 5 6 7 8 9 10

763640

the-times-of-india

The Times of India

AFP

OECD trims global growth forecast, warns of conflict risk

The Organization for Economic Co-operation and Development (OECD) delivered a nuanced outlook for the world economy on Wednesday, suggesting a probable soft landing in the coming year. However, this optimistic projection comes with a caveat, as the OECD expre…

https://economictimes.indiatimes.com/news/international/world-news/oecd-trims-global-growth-forecast-warns-of-conflict-risk/articleshow/105592103.cms

2023-11-29 10:05:48

Paris: The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the… [+3017 chars]

Real estate

iStock Representative image Paris : The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works. In its latest economic outlook, the Organisation for Economic Co-operation and Development trimmed its forecast for global growth this year to 2.9 percent, down from the 3.0 percent it forecast in September. The grouping of developed industrialised countries said it sees global growth slowing to 2.7 percent next year, unchanged from its previous forecast, which the OECD noted would be the lowest annual rate since the global financial crisis, aside from the first year of the Covid-19 pandemic. A rebound to 3.0 percent growth in 2025 is contingent on inflation slowing further and Asian economies maintaining their fast pace of growth. "The broad picture for the world economy over the next two years is one of a moderate slowdown followed by eventual normalisation, with growth returning to near-trend rates, and inflation converging back to central bank targets by 2025," said the OECD. The OECD's chief economist, Clare Lombardelli, said in her introduction to the report that they "are projecting a soft landing for advanced economies, but this is far from guaranteed." The OECD still sees near-term risks to its forecast tilted to the downside. It pointed to the heightened geopolitical tensions due to the Israel-Hamas conflict as "a key source of near-term uncertainty" for the global economy. "If the conflict were to intensify and broaden within the wider region, there are much stronger risks that could slow growth and push up inflation," said the OECD, which advises its 38 member countries on economic policy. While the OECD had already projected a temporary but pronounced slowdown for Israel , it said the broader direct effects from the conflict for the world economy have so far been "relatively limited". The slowdown in global growth is being driven by higher interest rates brought in by central banks to slow inflation, but growth should rebound as rates begin to come down along with inflation beginning next year. The OECD raised its growth forecasts for the US economy by two tenths of a percentage point for this year and 2024, to 2.4 and 1.5 percent respectively. It sees a modest pick up to 1.7 percent growth in 2025. Despite growth nearly stalling in the eurozone last quarter, the OECD held onto its estimate of 0.6 percent growth this year, but trimmed the 2024 forecast to 0.9 percent. It sees Britain's economy slowly gathering steam with growth rising to 0.5 percent this year, 0.7 percent in 2024 and 1.2 percent in 2025 as the country gradually recovers from a cost-of-living crisis. Japan is also expected to experience a slowdown next year, with growth slowing from 1.7 to 1.0 percent before edging up to 1.2 percent in 2025. The OECD marginally increased its forecast for growth in China to 5.2 percent this year. But the world's second largest economy is still expected to see growth slow to 4.7 percent in 2024 and 4.2 percent in 2025 as gloomy consumers save rather than spend amid weak job creation and financial stress brought on by a real estate crisis. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on oecd Interest rate Inflation japan israel paris china covid 19 Global growth (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Wings or Sting? Energy drinks market heats up as Red Bull, PepsiCo jostle to grab a cool share. Four signals from the OpenAI mess that the government, big tech, and you cannot ignore. Light at the end of the tunnel: Higher plant utilisation sending a current through power stocks How COP28 is set to facilitate syncing of corporate India’s green journey and business trajectory. 3 insights to kick-start your day, featuring Amazon’s India journey Stock Radar: IEX has given breakout from a descending triangle pattern; where is the stock headed? 1 2 3 View all Stories

763653

nan

GlobeNewswire

Sharc International Systems Inc.

Sharc Energy Announces Q3 2023 Financial Results

VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) announces it has filed financial results for the nine months ended September 30, 2023. All…

https://www.globenewswire.com/news-release/2023/11/29/2787672/0/en/Sharc-Energy-Announces-Q3-2023-Financial-Results.html

https://ml.globenewswire.com/Resource/Download/39ec9fc1-dbd9-47d9-8ff6-04857ad9e517

2023-11-29 13:00:00

VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the Company) announces it has filed financial… [+16988 chars]

Real estate

VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) --SHARC International SystemsInc.(CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF)("SHARC Energy" or the “Company”)announces it has filed financial results for the nine months ended September 30, 2023. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated. Third Quarter and Year-to-date Financial Highlights: Hanspaul Pannu, CFO and COO of SHARC Energy, said, "Wastewater Energy Transfer, or WET, is gaining momentum with increased awareness and visibility with key players within the geothermal and hydronic heating, cooling and hot water market. WET is one of the best thermal energy solutions supporting hydronic HVAC systems in the market today and we continue to see positive signs of rapidly increasing adoption across North America. SHARC Energy and WET is positioned to gain market share in both the near and long term!” Michael Albertson, President of SHARC Energy US, added “I continue to be amazed by the response to the opportunity of WET, which has been overwhelmingly positive within our team’s network of Thermal Energy Network (TEN) experts. We continue to uncover new opportunities in adjacent market sectors to new build multi-family residential, which include but are not limited to Universities, Water Utilities, Correctional Facilities and Design & Build/Energy Service Companies (ESCOs), that will benefit from the adoption of SHARC and PIRANHA WET systems. It is hard not to be excited for the future of WET!” YTD 2023 Highlights and Subsequent Events Wastewater Energy Transfer Industry Supporting Policy The outlook for the Wastewater Energy Transfer industry is experiencing signs of scale-up due to new supportive regulations and funding in several key markets across North America. The United States, under the Inflation Reduction Act, have created investment tax credits allowing for a 30% tax credit on the capital cost of several renewable energy technologies including Wastewater Energy Transfer systems. Also, theWashington State Building code will be the 1ststatebuilding code in the US that requires all new residential buildings over 3 stories and all commercial buildings are proposed to require all electric space heating and a minimum of 50% electric hot water heating. The code takes effect on July 1, 2023. Furthermore, theKing County Wastewater Heat Recovery Pilot Projectprogram being pioneered by the King County Wastewater Treatment Division is a first-of-its-kind initiative in North America that allows for private parties to utilize the thermal energy in publicly-owned wastewater infrastructure for 3 years free of Wastewater Energy Transfer (“WET”) Fees in exchange for the operational data of the WET systems used for heating and cooling buildings. Currently, SHARC Energy is listed on 1 of a possible 3 projects with 2 project spaces remaining available. After the launch of this pilot program, both the City of Toronto and the State of New York implemented similar but varying programmes of their own. The City of Toronto has launched theWastewater Energy Transfer (“WET”) Program. WET projects involve a connection to City wastewater (sewer) infrastructure for the noncontact exchange of renewable thermal energy to displace fossil fuel use in buildings, which is Toronto's largest source of greenhouse gas (GHG) emissions. Enabling WET projects is therefore a key part of implementing the TransformTO Net Zero Strategy. Toronto's sanitary trunk sewer network is estimated to have the capacity to potentially support well over twenty WET projects. Once in operation, these projects would reduce approximately 200,000 tonnes of GHG emissions annually while unlocking value for the City through the sale of thermal energy. On July 5, 2022, New York Governor Kathy Hochul signed three bills including legislation A.10493/S.9422, which allows utilities to own, operate, and manage thermal energy networks, as well as supply distributed thermal energy, with Public Service Commission (PSC) oversight. Heating and cooling networks – also referred to as community thermal or district energy systems – are a resilient, energy efficient, and clean solution that can also help New York State meet its ambitious climate goals. By leveraging multiple sources of existing waste heat (such as water,wastewater, and geothermal, among others) and connecting a diverse set of building types on a shared loop, thermal energy networks can provide significant operating and energy cost savings when compared to more traditional heating and cooling methods, while also reducing demand on the electric grid. This legislation will promote the development of thermal energy networks throughout the State, providing benefits by reducing fossil fuel usage for heating and cooling through community-scale infrastructure solutions, along with employment opportunities for existing utility workers and new workers. The enabling legislation will build on the progress of, and complement, NYSERDA’s activecommunity thermal program, which to-date has funded feasibility studies, detailed design studies, and other advanced project construction incentives to more than three dozen sites across the state. Then, New York City has voted to pass Local Law 154 that will prevent building developers from installing fuel-burning systems in new buildings and most gut renovations starting in 2024, forcing them to instead design buildings with all electric heating, hot water and cooking appliances. This will, starting in 2024, affect small buildings (buildings of 7 stories or less) and starting in 2027, buildings of 7 stories or more. Finally, New York State announced the All-Electric Building Act (Senate Bill S562A) which prohibits the use of fossil fuels being used for power, heating and cooking in new buildings constructed in the state and closely mirrors Local Law 154. These policies along with the growing number of cities across North America implementing natural gas bans are conducive to the continued adoption and market share growth of SHARC Energy WET products. For complete financial information for the nine months ended September 30, 2023, please see the Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis (“MD&A”) filed on SEDAR atwww.sedar.com. About SHARC Energy SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy's systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on ourSEDARprofile. Learn more about SHARC Energy:Website|Investor Page|LinkedIn|YouTube|PIRANHA|SHARC ON BEHALF OF THE BOARD Lynn MuellerChairman and Chief Executive Officer The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 1Sales Pipeline is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q3 2023 MD&A.2Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q3 2023 MD&A.3Adjusted EBITDA is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q3 2023 MD&A.

763675

nan

Digital Trends

Trevor Mogg

Cyber Monday smashes online shopping records

U.S. online shoppers spent a total of $12.4 billion on Cyber Monday, marking an increase of 9.6% on a year ago and setting a new record for the day.

https://www.digitaltrends.com/news/cyber-monday-smashes-online-shopping-records/

2023-11-29 03:15:37

Anna Shvets/Pexels U.S. online shoppers spent a total of $12.4 billion on Cyber Monday, marking an increase of 9.6% on a year ago and setting a new record for the day. During the busiest hour (10 p… [+2344 chars]

Cars

U.S. online shoppers spent a total of $12.4 billion on Cyber Monday, marking an increase of 9.6% from a year ago and setting a new record for the day. During the busiest hour (10 p.m. to 11 p.m. pm ET), shoppers spent an astonishing $15.7 million every minute, according to data from Adobe Analytics. Cost-conscious shoppers saw major discounts in categories such as electronics (peaking at 31% off the listed price), toys (27%), apparel (23%), furniture (21%), and appliances (18%). “Top sellers on Cyber Monday included toys such as Hot Wheels, Mario Kart toys, Disney Pixar Cars toys, Disney Junior Minnie Mouse toys and playsets, and Legos,” Adobe said. “Top selling gaming consoles included Xbox Series X, PlayStation 5, and Nintendo Switch — and top games included Spiderman 2,Call of Duty: Modern Warfare III,NBA 2k24, andSuper Mario Bros. Wonder.” Buy-now-pay-later usage also hit an all-time high, driving $940 million in online spending, up 42.5% on the same day last year. The period from Thanksgiving through Cyber Monday, known as Cyber Week, saw online spending reach $38 billion, up 7.8% on last year. Breaking it down, Thanksgiving raked in $5.6 billion for retailers, up 5.5% year-on-year; Black Friday saw online spending reach $9.8 billion, up 7.5%; and over the weekend shoppers spent $10.3 billion, marking an increase of 7.7%. The smartphone established itself as the go-to device for online shopping, with 59% of online sales on Thanksgiving coming via the device, compared to 55% last year. Smartphones also drove 51.8% of online sales during Cyber Week, up from 49.9% in 2022. “Mobile has become a key growth driver in the digital economy, and the increased usage shows that many consumers now find the experience on par with desktop shopping,” Adobe said, noting thatdeals “will continue to linger”throughout this week. “The 2023 holiday shopping season began with a lot of uncertainty, as consumers shifted their spending to services, while dealing with rising costs across different facets of their lives,” said Vivek Pandya, lead analyst at Adobe Digital Insights. “The record online spending across Cyber Week, however, shows the impact that discounts can have on consumer demand, especially with quality products that drove a lot of impulse shopping.” Adobe gathers its data by analyzing direct consumer transactions online. The analysis covers over one trillion visits to U.S. retail sites, 100 million SKUs (stock-keeping units), and 18 product categories.

763708

bbc-news

BBC News

https://www.facebook.com/bbcnews

Three tonnes of cocaine seized from ship, Senegal's navy says

The cocaine was found in a vessel off the coast of the West African state, officials say.

https://www.bbc.co.uk/news/world-africa-67563309

2023-11-29 12:38:16

Nearly three tonnes of cocaine has been seized from a ship off the coast of Senegal, the West African state's navy says. This is one of the largest drugs hauls by Senegal's navy. The region is a … [+1114 chars]

Cars

Nearly three tonnes of cocaine has been seized from a ship off the coast of Senegal, the West African state's navy says. This is one of the largest drugs hauls by Senegal's navy. The region is a transit point for Latin American cartels trafficking drugs to Europe and elsewhere. However, the navy did not give details of the vessel or its crew, except that 10 people were on board and one of them was a Senegalese national. The navy said 10 people were on board the ship, including a Senegalese. It did not give further details of the crew, or the vessel. The vessel was intercepted by a naval patrol in international waters about 150km (93 miles) from the capital Dakar, and taken to a naval base on Tuesday for "identification and logging of the seized products", the navy said. It posted photos on X a docked rusty vessel, that appear to show the intercepted cargo in bundles, with officers standing beside it. A picture of a docked rusty vessel was also posted. The navy did not say whether the people on board have been charged. In January, more than 800kg of cocaine was confiscated from a ship off the coast of Senegal. In 2019, a ship traveling from Brazil was intercepted. It was reportedly carrying 750kg of cocaine, hidden inside 15 cars, with European countries being among its destination.

763759

nan

The Punch

Idowu Oyelere

One dies, seven injured in Lagos-Ibadan Expressway crash

One person died and seven others were injured in a crash that occurred on the Lagos-Ibadan Expressway on Wednesday. PUNCH Online gathered that the accident happened at the Magboro Bus Stop in the Obafemi Owode Local Government Area of Ogun State. The crash wh…

https://punchng.com/one-dies-seven-injured-in-lagos-ibadan-expressway-crash-2/

2023-11-29 11:00:34

One person died and seven others were injured in a crash that occurred on the Lagos-Ibadan Expressway on Wednesday. PUNCH Online gathered that the accident happened at the Magboro Bus Stop in the Ob… [+1255 chars]

Cars

One person died and seven others were injured in a crash that occurred on the Lagos-Ibadan Expressway on Tuesday. PUNCH Online gathered that the accident happened at the Magboro Bus Stop in the Obafemi Owode Local Government Area of Ogun State. The crash which involved two trucks and two buses was said to have been caused by brake failure and speeding which resulted in a loss of control. An eyewitness who identified herself as Chinyere said, “The truck rammed into one yellow bus. About four vehicles were involved in the accident. After the truck collided with the bus, they all swerved into the street that led to the market. It was only God that helped the situation, many people would have died.” Another witness, Lawal Alihu, said, “Two loaded trucks were coming from Lagos and one was trying to overtake the other. Meanwhile, some cars that were moving inward Magboro had already lined up on one lane coming down from the expressway, while buses coming from Lagos were dropping passengers, and in the process, the  truck rammed over the bus.” Confirming the accident, the Public Relations Officer, Federal Road Safety Corps, Ogun State Command, Florence Okpe, said, “The incident happened around 1630hrs at Magboro bus stop, 22 people were involved in the accident, seven people were injured while one person died.” Florence, in a statement made available to our correspondent, attributed the cause of the accident to brake failure and speed.

763764

nan

ETF Daily News

MarketBeat News

Analyzing FreightCar America (NASDAQ:RAIL) & Aurizon (OTCMKTS:QRNNF)

FreightCar America (NASDAQ:RAIL – Get Free Report) and Aurizon (OTCMKTS:QRNNF – Get Free Report) are both transportation companies, but which is the superior investment? We will contrast the two businesses based on the strength of their dividends, risk, earni…

https://www.etfdailynews.com/2023/11/29/analyzing-freightcar-america-nasdaqrail-aurizon-otcmktsqrnnf/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/aurizon-holdings-limited-logo.png&w=240&h=240&zc=2

2023-11-29 09:52:41

FreightCar America (NASDAQ:RAIL – Get Free Report) and Aurizon (OTCMKTS:QRNNF – Get Free Report) are both transportation companies, but which is the superior investment? We will contrast the two busi… [+4816 chars]

Cars

FreightCar America (NASDAQ:RAIL–Get Free Report) and Aurizon (OTCMKTS:QRNNF–Get Free Report) are both transportation companies, but which is the superior investment? We will contrast the two businesses based on the strength of their dividends, risk, earnings, institutional ownership, profitability, valuation and analyst recommendations. This table compares FreightCar America and Aurizon’s top-line revenue, earnings per share and valuation. Aurizon has lower revenue, but higher earnings than FreightCar America. FreightCar America is trading at a lower price-to-earnings ratio than Aurizon, indicating that it is currently the more affordable of the two stocks. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold Forever86.4% of FreightCar America shares are owned by institutional investors. Comparatively, 13.3% of Aurizon shares are owned by institutional investors. 24.2% of FreightCar America shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth. This table compares FreightCar America and Aurizon’s net margins, return on equity and return on assets. This is a summary of recent ratings and recommmendations for FreightCar America and Aurizon, as provided by MarketBeat. FreightCar America currently has a consensus price target of $4.25, indicating a potential upside of 75.62%. Given FreightCar America’s higher probable upside, research analysts clearly believe FreightCar America is more favorable than Aurizon. (Get Free Report) FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars. It also provides railcars, including coal cars, bulk commodity cars, covered hopper cars, coil steel cars, and boxcars; and woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars. In addition, the company sells used railcars; leases, rebuilds, and converts railcars; and sells forged, cast, and fabricated parts for various railcars. It also exports its manufactured railcars to Latin America and the Middle East. The company's customers primarily include financial institutions, railroads, and shippers. FreightCar America, Inc. was founded in 1901 and is headquartered in Chicago, Illinois. (Get Free Report) Aurizon Holdings Limited, through its subsidiaries, operates as a rail freight operator in Australia. The company operates through Network, Coal, Bulk, and Other segments. It transports various commodities, including mining, agricultural, industrial, and retail products; and retail goods and groceries across small and big towns, and cities, as well as coal and iron ore. The company also operates and manages the Central Queensland Coal Network that consists of 2,670 kilometers of track network; and provides various specialist services, such as rail design, engineering, construction, management, and maintenance, as well as supply chain solutions. It serves miners, primary producers, and the industry. The company was formerly known as QR National Limited and changed its name to Aurizon Holdings Limited in December 2012. The company was incorporated in 2010 and is headquartered in Fortitude Valley, Australia.

763774

nan

ETF Daily News

MarketBeat News

Trexquant Investment LP Buys New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Trexquant Investment LP acquired a new stake in The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 47,632 shares of the transportation comp…

https://www.etfdailynews.com/2023/11/29/trexquant-investment-lp-buys-new-shares-in-the-greenbrier-companies-inc-nysegbx/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/greenbrier-comp-logo.gif&w=240&h=240&zc=2

2023-11-29 13:12:47

Trexquant Investment LP acquired a new stake in The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC… [+7499 chars]

Cars

Trexquant Investment LP acquired a new stake in The Greenbrier Companies, Inc. (NYSE:GBX–Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 47,632 shares of the transportation company’s stock, valued at approximately $2,053,000. Trexquant Investment LP owned 0.15% of Greenbrier Companies at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Greenbrier Companies by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,668,144 shares of the transportation company’s stock valued at $89,025,000 after acquiring an additional 55,071 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Greenbrier Companies by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,457,180 shares of the transportation company’s stock valued at $79,047,000 after acquiring an additional 74,051 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Greenbrier Companies by 2.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,711,922 shares of the transportation company’s stock valued at $55,073,000 after acquiring an additional 34,111 shares during the period. State Street Corp grew its position in shares of Greenbrier Companies by 2.8% in the 1st quarter. State Street Corp now owns 1,178,808 shares of the transportation company’s stock valued at $60,720,000 after acquiring an additional 32,658 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Greenbrier Companies by 31.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,032,460 shares of the transportation company’s stock valued at $33,214,000 after acquiring an additional 249,720 shares during the period. Institutional investors own 90.50% of the company’s stock. A number of research analysts have recently commented on the stock. TheStreet raised shares of Greenbrier Companies from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. Bank of America upped their price target on shares of Greenbrier Companies from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, September 22nd. Wells Fargo & Company lowered shares of Greenbrier Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $40.00 in a research note on Thursday, September 7th. Susquehanna decreased their price target on shares of Greenbrier Companies from $50.00 to $46.00 and set a “positive” rating on the stock in a research note on Thursday, October 26th. Finally,StockNews.cominitiated coverage on shares of Greenbrier Companies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.50. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Report on Greenbrier Companies Shares ofGBXopened at $36.36 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.84 and a current ratio of 1.63. The firm has a market cap of $1.13 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. The Greenbrier Companies, Inc. has a 52 week low of $25.41 and a 52 week high of $48.21. The firm’s 50-day simple moving average is $38.33 and its 200 day simple moving average is $38.34. Greenbrier Companies (NYSE:GBX–Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.09). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $990.34 million. Greenbrier Companies had a net margin of 1.58% and a return on equity of 7.05%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, analysts forecast that The Greenbrier Companies, Inc. will post 3.5 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 8th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, November 7th. Greenbrier Companies’s dividend payout ratio is currently 64.17%. In other Greenbrier Companies news, Director Patrick J. Ottensmeyer acquired 10,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was purchased at an average price of $33.86 per share, with a total value of $338,600.00. Following the acquisition, the director now directly owns 12,466 shares of the company’s stock, valued at approximately $422,098.76. The transaction was disclosed in a document filed with the SEC, which is available throughthis hyperlink. In other news, Director Patrick J. Ottensmeyer purchased 10,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $33.86 per share, with a total value of $338,600.00. Following the acquisition, the director now owns 12,466 shares in the company, valued at approximately $422,098.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Also, SVP Martin Raymond Baker sold 7,203 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $33.82, for a total transaction of $243,605.46. Following the completion of the transaction, the senior vice president now directly owns 61,536 shares of the company’s stock, valued at approximately $2,081,147.52. The disclosure for this sale can be foundhere. Insiders own 2.54% of the company’s stock. (Free Report) The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars. Want to see what other hedge funds are holding GBX?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Greenbrier Companies, Inc. (NYSE:GBX–Free Report).

763778

abc-news

ABC News

YURI KAGEYAMA AP business writer

Toyota selling part of Denso stake to raise cash to develop electric vehicles

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations

https://abcnews.go.com/Technology/wireStory/toyota-selling-part-denso-stake-raise-cash-develop-105234245

2023-11-29 09:03:00

TOKYO -- TOKYO (AP) Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. … [+2108 chars]

Cars

TOKYO --TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. The number of shares Toyota Motor Corp. plans to sell total more than 124 million shares, lowering its stake in Denso Corp. from 24.2% to 20%, while remaining the top stakeholder. “We don’t want to just hold on to our assets. We want to make them living assets that feed into the growth of our company,” said Masahiro Yamamoto, an executive in the accounting group at Toyota. Denso shares closed at 2,298 yen ($16) Wednesday. Toyota said the money will also go into developing smart-driving technology and a wide range of other initiatives ongoing in the industry. Yamamoto did not give a specific date for the sale, but it’s expected to happen soon. All the world’s major automakers are working on strengthening their lineup of electric vehicle and other green cars, as concerns grow about climate change. That requires a great deal of investment. Toyota affiliates, Toyota Industries and Aisin, are also selling a portion of their Denso shares, officials said. Japanese companies hold stakes in other group companies in a practice traditionally known here as cross-shareholdings. Yamamato denied the move was aimed at reducing such cross-holdings. Some have criticized the practice as reducing transparency while proponents say it helps maintain stability. Toyota officials have acknowledged they have fallen behind in the industry shift toward electric vehicles, and they have been aggressively playing catch-up. Toyota, which makes the Camry sedan, Lexus luxury models and the Prius hybrid, leads the world in hybrids, which switch back and forth between a gas engine and electric motor to deliver a fuel-efficient drive. It also has a strong lineup in fuel cells, which run on hydrogen and are zero-emission. In July, Toyota sold a part of its stake in telecoms company KDDI Corp., raising nearly 250 billion yen ($1.7 billion). Toyota officials hinted other such offers may be in the works but declined to give specifics. ___ Yuri Kageyama is on X, formerlyTwitterhttps://twitter.com/yurikageyama

763790

wired

Wired

Morgan Meaker

GM Slashes Spending on Robotaxi Unit Cruise, in Setback For Driverless Cars

General Motors said it will scale back ambitions for its self-driving Cruise cars after an accident involving one of its robotaxis last month

https://www.wired.com/story/cruise-gm-spending-accident/

2023-11-29 12:30:32

General Motors (GM) will slash spending in its self-driving car unit Cruise, after an accident last month seriously injured a pedestrian and prompted regulators to retract its operating permit for dr… [+2630 chars]

Cars

General Motors (GM) will slash spending in its self-driving car unit Cruise, after anaccidentlast month seriously injured a pedestrian and prompted regulators to retract its operating permit for driverless cars in San Francisco. The company will “substantially lower” its spending on Cruise next year, according to Mary Barra, GM’s CEO. “We expect the pace of Cruise’s expansion to be more deliberate when operations resume,” she said in a letter to shareholders. On an investor call, chief financial officer, Paul Jacobson, said that he expected spending to fall by “hundreds of millions of dollars” in 2024. Until the accident, Cruise had been operating driverless taxis in three US cities—San Francisco, Phoenix, and Austin—with plans to expand. In October, the companysaidit would no longer operate its vehicles without safety drivers behind the wheel. “Our priority now is to focus the team on safety, transparency, and accountability,” Barra said on Wednesday. “We must rebuild trust with regulators at the local, state, and federal levels, as well as with the first responders and the communities in which Cruise will operate.” She added: “This is important technology for the future. From a societal and safety perspective, it's got to be done right.” Cruise has been in turmoil since its CEO, Kyle Vogt,resignedearlier this month following an accident where a driverless car collided with a pedestrian, who had already been struck by a human hit-and-run driver. The robotaxi swerved and braked, but still hit the woman, according to Cruise, which cited data from cameras and sensors mounted on its vehicle. The company said the vehicle stopped, but then pulled over to move out of traffic, dragging the woman 20 feet along the road. She later had to be rescued from underneath the vehicle by the San Francisco fire department. Following the collision, California’s Department of Motor Vehiclessaidit had suspended Cruise’s permits to operate in the city on the grounds that the company had “misrepresented” the safety of its autonomous vehicle technology, and that its “vehicles are not safe for the public's operation.” At the time, Cruise disputed the claim it had misrepresented its technology. Cruise then recalled all 950 driverless vehicles in its fleet,shutting down its servicein Austin and Phoenix. Before the accident, the company had plans for commercial launches in Dallas, Houston, and Miami. Logsmaintained by the city of Austinalso show the Austin Police Department complained twice this year that Cruise driverless vehicles did not understand hand signals given by traffic police. “Biggest and probably the most dangerous issues [sic] I’ve seen with them is when we are directing traffic,” one police official wrote, noting that if police issued commands contrary to traffic lights, the cars “will blow through or just stop.” General Motors acquired 3-year-old Cruise for a reported $1 billion in 2016. Since then, GM’s financial reports show it has lost$​​8.2 billion on Cruise since 2017and has sunk at least $1.9 billion into the company this year. Barra’s announcement is a major setback for the company, which had been competing with Alphabet’s Waymo to become the main provider of driverless taxis in the US. Waymo continues to operate in San Francisco and Phoenix.

763791

the-times-of-india

The Times of India

ET Online

Noida police issue challans totalling Rs 4 lakh on 12 'Baraat' cars for rash driving, tossing notes

Videos capturing the reckless behavior of the drivers have surfaced on social media. The footage reveals the wedding cars speeding on busy roads of Noida, with passengers dangerously protruding from the windows. In one car, a passenger is seen tossing a bunch…

https://economictimes.indiatimes.com/news/india/noida-police-issue-challans-totalling-rs-4-lakh-on-12-baraat-cars-for-rash-driving-tossing-notes/articleshow/105592041.cms

2023-11-29 11:16:10

The Noida police issued challan totaling nearly Rs 4 lakh against a group of 12 'Baraat' cars, and seized five for rash driving. The incident, which occurred on November 26 night, involved wedding gu… [+1593 chars]

Cars

Agencies Responding to this blatant disregard for traffic norms, the police have imposed fines of Rs 33,000 per vehicle, resulting in a cumulative penalty of Rs 3.96 lakh for the entire procession. The Noida police issued challan totaling nearly Rs 4 lakh against a group of 12 'Baraat' cars, and seized five for rash driving. The incident, which occurred on November 26 night, involved wedding guests driving from Delhi's Okhla to Greater Noida West . The police caught up with the procession, issuing challans totaling up to Rs 3.96 lakh for various violations. Videos capturing the reckless behavior of the drivers have surfaced on social media. The footage reveals the wedding cars speeding on busy roads of Noida, with passengers dangerously protruding from the windows. In one car, a passenger is seen tossing a bunch of cash into the air, adding to the chaos. — pratikchauhan29 (@pratikchauhan29) As can be seen in the video, the wedding cars were speeding on busy roads of Noida while multiple passengers had come out of the windows of the moving vehicles. Moreover, in one car a passenger can be spotted throwing a bunch of cash in the air. Responding to this blatant disregard for traffic norms, the police have imposed fines of Rs 33,000 per vehicle, resulting in a cumulative penalty of Rs 3.96 lakh for the entire procession. The seized vehicles were issued challans for violations such as rash driving, blaring illegal hooters, and other traffic offenses. This reckless behavior prompted several bystanders to report the incident to the police. Acting swiftly upon receiving complaints, the police successfully tracked down the group in Greater Noida, where they issued the necessary challans and seized the vehicles involved. This incident serves as a reminder of the importance of adhering to traffic rules and ensuring the safety of all road users. The Gautam Buddh Nagar police's prompt response underscores their commitment to maintaining order and safety on the roads. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on traffic challan greater noida west noida challan noida police (Catch all the Business News , Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition How COP28 is set to facilitate syncing of corporate India’s green journey and business trajectory. Wings or Sting? Energy drinks market heats up as Red Bull, PepsiCo jostle to grab a cool share. Four signals from the OpenAI mess that the government, big tech, and you cannot ignore. Light at the end of the tunnel: Higher plant utilisation sending a current through power stocks 3 insights to kick-start your day, featuring Amazon’s India journey Stock Radar: IEX has given breakout from a descending triangle pattern; where is the stock headed? 1 2 3 View all Stories

763826

abc-news

ABC News

YURI KAGEYAMA AP business writer

Toyota selling part of Denso stake to raise cash to develop electric vehicles

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations

https://abcnews.go.com/Business/wireStory/toyota-selling-part-denso-stake-raise-cash-develop-105234243

2023-11-29 09:10:39

TOKYO -- TOKYO (AP) Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. … [+2108 chars]

Cars

TOKYO --TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. The number of shares Toyota Motor Corp. plans to sell total more than 124 million shares, lowering its stake in Denso Corp. from 24.2% to 20%, while remaining the top stakeholder. “We don’t want to just hold on to our assets. We want to make them living assets that feed into the growth of our company,” said Masahiro Yamamoto, an executive in the accounting group at Toyota. Denso shares closed at 2,298 yen ($16) Wednesday. Toyota said the money will also go into developing smart-driving technology and a wide range of other initiatives ongoing in the industry. Yamamoto did not give a specific date for the sale, but it’s expected to happen soon. All the world’s major automakers are working on strengthening their lineup of electric vehicle and other green cars, as concerns grow about climate change. That requires a great deal of investment. Toyota affiliates, Toyota Industries and Aisin, are also selling a portion of their Denso shares, officials said. Japanese companies hold stakes in other group companies in a practice traditionally known here as cross-shareholdings. Yamamato denied the move was aimed at reducing such cross-holdings. Some have criticized the practice as reducing transparency while proponents say it helps maintain stability. Toyota officials have acknowledged they have fallen behind in the industry shift toward electric vehicles, and they have been aggressively playing catch-up. Toyota, which makes the Camry sedan, Lexus luxury models and the Prius hybrid, leads the world in hybrids, which switch back and forth between a gas engine and electric motor to deliver a fuel-efficient drive. It also has a strong lineup in fuel cells, which run on hydrogen and are zero-emission. In July, Toyota sold a part of its stake in telecoms company KDDI Corp., raising nearly 250 billion yen ($1.7 billion). Toyota officials hinted other such offers may be in the works but declined to give specifics. ___ Yuri Kageyama is on X, formerlyTwitterhttps://twitter.com/yurikageyama

763829

the-times-of-india

The Times of India

AP

Bruce Springsteen's drummer Max Weinberg files lawsuit over alleged $125,000 vintage car scam

Bruce Weinberg is seeking $375,000 in damages, claiming the company used his money for personal expenses instead of restoring the car.

https://economictimes.indiatimes.com/magazines/panache/bruce-springsteens-drummer-max-weinberg-files-lawsuit-over-alleged-125000-vintage-car-scam/articleshow/105583491.cms

2023-11-29 06:22:51

Fort Lauderdale, Fla. - Bruce Springsteen's drummer, Max Weinberg, is suing the owners of a Florida car restoration company, saying they stole $125,000 by falsely promising him a like-new 1957 Merced… [+4010 chars]

Cars

AP Max Weinberg plays the drums (Left) while Bruce Springsteen and the E Street Band perform. Fort Lauderdale, Fla. - Bruce Springsteen's drummer , Max Weinberg , is suing the owners of a Florida car restoration company, saying they stole $125,000 by falsely promising him a like-new 1957 Mercedes-Benz and then using his money for personal expenses. Weinberg is seeking $375,000 from Arthur Siegle, members of his family and their Investment Automotive Group Inc. in a lawsuit filed Sunday in Palm Beach County. The Mercedes-Benz 190SL roadster they claimed they could deliver had significant damage and rust, and they knew it could not be restored to like-new condition when they took Weinberg's $125,000 deposit almost three years ago, according to the lawsuit. A subsequent law enforcement investigation concluded that the Siegles used little or no money from Weinberg's deposit on restoring the car, but instead paid off credit cards and made deposits to personal accounts. No criminal charges have been filed. "I guess they figured he's Max Weinberg, million-dollar drummer for Bruce Springsteen, Mighty Max. He can afford to lose $125,000," Weinberg's attorney, Valentin Rodriguez, said Tuesday. Siegle "thought he could pull the wool over the eyes of someone who is pretty well-known and wealthy, but Max wasn't just going to sit down and take it," Rodriguez said. He said Weinberg is not an expert on vintage cars but has just always wanted to own one. Peter Weintraub, the Siegles' attorney, did not respond to an email seeking comment. Weinberg, 72, is the longtime drummer in Springsteen's E Street Band and led Conan O'Brien's band when he hosted 'Late Night' and 'The Tonight Show.' The musician currently tours with his own show, Max Weinberg's Jukebox. He is suing under a Florida law that allows triple damages for intentional theft. According to the lawsuit, Weinberg says that in April 2021, he contacted Siegle and his son, Stuart Siegle, about a 1957 Mercedes-Benz 190SL he understood they were restoring. The 190SL is a convertible manufactured from 1955 to 1963. Weinberg says he told the Siegles he wanted a Mercedes he could enter at Concours-level shows, which feature cars that have been restored to like-new or better condition using almost entirely original parts. The Siegles assured him the 190SL they were restoring would meet that standard and would be a "work of art" and "best of the best," he says. He paid them $125,000, a down payment on the $225,000 sale price. The balance would be paid when the car was finished. Within weeks, Weinberg became worried about the car and hired an expert to inspect it at the Siegles' shop. The expert, Pierre Hedary, found significant rust, welds that had been improperly made, evidence that the car had been in accident and several other major problems. He said the car wasn't even a 1957 as the Siegles claimed, but a 1956. In a report filed with the lawsuit, Hedary wrote that when restored, the car could be driven and impress laypeople but would not pass scrutiny at top-level car shows. He estimated its restored worth at $120,000, about half what the Siegles claimed. He said the Siegles' statements that the car would be a "work of art" and "best of the best" are often "the most egregious form of puffery unfortunately at times demonstrated throughout the classic/vintage motorcar industry." When the Siegles refused to refund Weinberg's money, he filed a complaint with the Broward Sheriff's Office. In a 2022 report filed with the lawsuit, Detective Scott Schaefer wrote that his investigation showed that after receiving Weinberg's money, the Siegles deposited nearly all of it into personal accounts with almost $50,000 covering credit card and other personal payments. "I did not find any transactions that could have been attributed to the work being done on (Weinberg's) vehicle," Schaefer wrote. He said it is possible they paid cash for parts, but he saw no evidence of that. Schaefer wrote that when he confronted Arthur Siegle with Weinberg's accusations, he responded, "I have no idea what this guy is complaining about nor do I really care." Schaefer recommended that Arthur Siegle be charged with grand theft. The Broward State Attorney's Office said Tuesday the case remains under review. Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on vintage car scam Bruce Springsteen Springsteen's drummer Max Weinberg lawsuit Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition From the Internet to cloud to AI: the musical chair of strategy and performance in Indian IT industry How a humble bamboo can transform real-estate sector’s messy carbon problems Silent killer: India gasps for breath as COPD spreads to rural areas, affects non-smokers. Gold prices will be impacted by Fed moves, geopolitical scenarios and upcoming polls 3 insights to kick-start your day, featuring PhonePe’s latest big move Stock Radar: 11% rally in a month! This heavy equipment maker is likely to surpass Rs 5,000 levels to hit fresh highs 1 2 3 View all Stories

763836

the-times-of-india

The Times of India

ETMarkets.com

Buy Maruti Suzuki India, target price Rs 12300: Motilal Oswal

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 318628.01 Crore) operating in Auto sector.

https://economictimes.indiatimes.com/markets/stocks/recos/buy-maruti-suzuki-india-target-price-rs-12300-motilal-oswal/articleshow/105579638.cms

2023-11-29 04:13:59

Motilal Oswal has buy call on Maruti Suzuki India Ltd. with a target price of Rs 12300. The current market price of Maruti Suzuki India is Rs 10565.Maruti Suzuki India Ltd., incorporated in the year … [+819 chars]

Cars

Agencies Promoters held 56.48 per cent stake in the company as of 30-Sep-2023, while FIIs owned 21.85 per cent, DIIs 18.15 per cent. Motilal Oswal has buy call on Maruti Suzuki India Ltd. with a target price of Rs 12300. The current market price of Maruti Suzuki India is Rs 10565. Maruti Suzuki India Ltd ., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 318628.01 Crore) operating in Auto sector. Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Service Income, Scrap, Other Operating Revenue, Rental Income for the year ending 31-Mar-2023. Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 37902.10 Crore, up 13.76 % from last quarter Total Income of Rs 33316.90 Crore and up 24.10 % from last year same quarter Total Income of Rs 30541.70 Crore. Company reported net profit after tax of Rs 3706.30 Crore in latest quarter. Promoter/FII Holdings Promoters held 56.48 per cent stake in the company as of 30-Sep-2023, while FIIs owned 21.85 per cent, DIIs 18.15 per cent. Connect with Experts - Wealth creation made easy (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 30 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition Nifty Reclaims Mt 20k India’s stock benchmarks rose more than 1% on Wednesday with the Nifty closing above 20,000 for the first time since September 13 as receding concerns over further rate hikes in the US revived risk-on sentiment. ED Flags Failure to Submit Papers, Delays by Byju’s The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realize export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. HCL Inching Close to Chip Unit in K’taka The HCL Group is moving closer to setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility — also termed as a chip packaging unit — in Karnataka, multiple people aware of the developments told ET. Read More News on Maruti Suzuki stocks maruti maruti india maruti india ltd maruti suzuki maruti suzuki india maruti suzuki india ltd maruti suzuki india ltd. markets market news (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper and Sensex Today Live . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763838

nan

ETF Daily News

MarketBeat News

B. Metzler seel. Sohn & Co. AG Takes $1.42 Million Position in Mattel, Inc. (NASDAQ:MAT)

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 72,400 shares of the company’s stock, valued at approximately $1,415,000. Other hedge…

https://www.etfdailynews.com/2023/11/29/b-metzler-seel-sohn-co-ag-takes-1-42-million-position-in-mattel-inc-nasdaqmat/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/mattel-inc-logo.jpg?v=20220505081626&w=240&h=240&zc=2

2023-11-29 13:14:53

B. Metzler seel. Sohn &amp; Co. AG purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 72,400 shares of the … [+4423 chars]

Cars

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT–Free Report) during the 2nd quarter,HoldingsChannelreports. The fund purchased 72,400 shares of the company’s stock, valued at approximately $1,415,000. Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Mattel by 46.6% in the 1st quarter. Van ECK Associates Corp now owns 18,171 shares of the company’s stock worth $335,000 after acquiring an additional 5,778 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Mattel by 20.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,409 shares of the company’s stock worth $321,000 after acquiring an additional 2,779 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Mattel by 8.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,156 shares of the company’s stock worth $979,000 after acquiring an additional 4,217 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Mattel in the 1st quarter worth $330,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Mattel in the 2nd quarter worth $1,213,000. 93.51% of the stock is currently owned by institutional investors and hedge funds. A number of brokerages recently issued reports on MAT. Morgan Stanley decreased their target price on Mattel from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th.StockNews.comupgraded Mattel from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 target price on shares of Mattel in a research report on Friday, October 6th. Finally, Citigroup assumed coverage on Mattel in a research report on Friday, October 20th. They issued a “buy” rating and a $26.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $24.60. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Research Report on MAT Shares ofMattel stockopened at $18.92 on Wednesday. The stock has a market cap of $6.68 billion, a PE ratio of 82.26, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. Mattel, Inc. has a 12 month low of $15.36 and a 12 month high of $22.64. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $20.01 and a 200-day simple moving average of $20.10. Mattel (NASDAQ:MAT–Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.21. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Mattel had a return on equity of 19.70% and a net margin of 1.59%. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.25 EPS for the current fiscal year. (Free Report) Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands. Want to see what other hedge funds are holding MAT?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT–Free Report).

763839

nan

ETF Daily News

MarketBeat News

AutoZone, Inc. (NYSE:AZO) Receives Average Recommendation of “Moderate Buy” from Brokerages

AutoZone, Inc. (NYSE:AZO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommenda…

https://www.etfdailynews.com/2023/11/29/autozone-inc-nyseazo-receives-average-recommendation-of-moderate-buy-from-brokerages/

https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.marketbeat.com/logos/AutoZoneLogo.jpg&w=240&h=240&zc=2

2023-11-29 10:30:42

AutoZone, Inc. (NYSE:AZO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four inv… [+5127 chars]

Cars

AutoZone, Inc. (NYSE:AZO–Get Free Report) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm,MarketBeat Ratingsreports. Four investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2,797.63. A number of brokerages have recently commented on AZO. Truist Financial boosted their price target on AutoZone from $2,863.00 to $2,933.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. DA Davidson boosted their target price on AutoZone from $2,425.00 to $2,500.00 and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Morgan Stanley cut their target price on AutoZone from $2,835.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 20th.StockNews.comraised AutoZone from a “hold” rating to a “buy” rating in a research report on Saturday, November 18th. Finally, TD Cowen assumed coverage on shares of AutoZone in a research report on Tuesday, October 10th. They set an “outperform” rating and a $2,975.00 price objective on the stock. View Our Latest Stock Analysis on AutoZone Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverIn related news, SVPPreston Frazersold 6,754 shares of AutoZone stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $2,476.97, for a total value of $16,729,455.38. Following the completion of the sale, the senior vice president now owns 709 shares of the company’s stock, valued at $1,756,171.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. In other news, SVPPreston Frazersold 6,754 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $2,476.97, for a total value of $16,729,455.38. Following the transaction, the senior vice president now owns 709 shares in the company, valued at approximately $1,756,171.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthe SEC website. Also, VPDomingo Hurtadosold 120 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $2,548.03, for a total transaction of $305,763.60. Following the sale, the vice president now owns 156 shares of the company’s stock, valued at $397,492.68. The disclosure for this sale can be foundhere. Insiders have sold 12,069 shares of company stock valued at $30,651,562 in the last ninety days. 2.50% of the stock is currently owned by company insiders. A number of institutional investors have recently bought and sold shares of AZO. Independence Bank of Kentucky bought a new stake in AutoZone during the 2nd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of AutoZone in the third quarter worth $25,000. Rock Creek Group LP purchased a new position in shares of AutoZone during the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC purchased a new position in shares of AutoZone during the 1st quarter valued at $27,000. Finally, First Capital Advisors Group LLC. bought a new position in AutoZone in the 2nd quarter worth $32,000. 90.34% of the stock is owned by institutional investors. Shares ofAutoZone stockopened at $2,602.18 on Wednesday. The business has a fifty day simple moving average of $2,573.94 and a two-hundred day simple moving average of $2,519.08. The firm has a market capitalization of $45.88 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.43 and a beta of 0.65. AutoZone has a 12 month low of $2,277.88 and a 12 month high of $2,750.00. AutoZone (NYSE:AZO–Get Free Report) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $46.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $44.51 by $1.95. The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.62 billion. AutoZone had a net margin of 14.48% and a negative return on equity of 60.66%. AutoZone’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $40.51 EPS. Analysts predict that AutoZone will post 147.87 earnings per share for the current year. (Get Free Report AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

763843

nan

GlobeNewswire

Blink Charging Co.

Blink Charging to Provide Mack Trucks’ Customers with Fleet EV Infrastructure

Mack Trucks’ customers will now have access to Blink’s EV equipment specially designed and optimized for fleets. Miami Beach, Fla., Nov. 29, 2023 ...

https://www.globenewswire.com/news-release/2023/11/29/2787733/0/en/Blink-Charging-to-Provide-Mack-Trucks-Customers-with-Fleet-EV-Infrastructure.html

https://ml.globenewswire.com/Resource/Download/817910b6-b272-4edc-b90e-58d4cf96fc6e

2023-11-29 13:20:00

Mack Trucks customers will now have access to Blinks EV equipment specially designed and optimized for fleets. Miami Beach, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK… [+5194 chars]

Cars

Mack Trucks’ customers will now have access to Blink’s EV equipment specially designed and optimized for fleets. Miami Beach, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) --Blink Charging Co.(NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced it has been selected as a full-service EV infrastructure provider for Mack Trucks through Mack’s Vendor Direct Ship and Turnkey Solutions program. Mack Trucks selected Blink and its reliable, scalable EV equipment and extensive fleet expertise. As operators look to electrify their fleets, Blink and its advanced EV charging products provide dedicated expertise to help accurately assess particular fleet needs to optimize infrastructure services and provide end-to-end software solutions. Additionally, Blink has commenced deploying workplace chargers at multiple Volvo and Mack facilities nationwide. “We applaud the efforts of Mack for their forward-thinking in advancing fleet electrification and we are excited to be selected as a charging partner in their Turnkey Solutions program, providing reliable and advanced charging solutions,” said Jim Nemec, Chief Revenue Officer at Blink Charging. “Building a dependable charging infrastructure is vital in keeping electric fleets operational and on the road. We look forward to continuing to work with Mack as they move to bring e-mobility to fleets around the country.” Mack Trucks' Turnkey Solutions program covers all phases of infrastructure development. Encompassing initial site consultations, acquisition of charging hardware and software, permit procurement, installation processes, liaising with utility companies, and maintenance of the charging equipment. It also helps fleets find incentives and write grant proposals. “Our charging partnerships and the Turnkey Solutions program as a whole will enable customers to more easily manage the development and installation of infrastructure for the Mack MD Electric and Mack LR Electric vehicles,” said Ryan Saba, Mack energy solutions manager. “The strategic partnerships Mack has in place will aid customers with support, including charger uptime. This is a key differentiator for Mack since charging components continue to be difficult to secure.” This news followsBlink’s robust third-quarter results, evidencing a notable increase in revenues by 152%, totaling approximately $43.4 million, and a surge in gross profits by 167% to roughly $12.8 million in contrast to Q3 2022. Blink also announced plans to expand operations in the United Kingdom and Ireland bylaunching its advanced EQ 200 charger, continuing its global expansion initiative. ### About Blink Charging Blink Charging Co. (Nasdaq: BLNK), a global leader in electric vehicle (EV) charging equipment, has contracted, sold, or deployed nearly 85,000 charging ports worldwide, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of Blink’s charging locations. Blink’s principal line of products and services includes the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and the products and services of recent acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to half of passenger cars sold in the US by 2030, Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.For more information, please visithttps://blinkcharging.com/. Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Blink Media ContactJon MyersPR@BlinkCharging.com(786) 706-6709 Blink Investor Relations ContactVitalie SteleaIR@BlinkCharging.com(480) 805.8594

763844

the-times-of-india

The Times of India

ETMarkets.com

Ashok Leyland shares up 0.53% as Nifty gains

A total of 372,229 shares changed hands on the counter till 01:24PM (IST).

https://economictimes.indiatimes.com/markets/stocks/stock-watch/ashok-leyland-shares-up-0-53-as-nifty-gains/articleshow/105587062.cms

2023-11-29 07:54:06

NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.53 per cent up in Wednesday's trade at 01:24PM (IST). Around 372,229 shares changed hands on the counter. The counter opened at Rs 179.35 and touched … [+1320 chars]

Cars

Shutterstock.com India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range. NEW DELHI: Shares of Ashok Leyland Ltd. traded 0.53 per cent up in Wednesday's trade at 01:24PM (IST). Around 372,229 shares changed hands on the counter. The counter opened at Rs 179.35 and touched an intraday high and low of Rs 180.65 and Rs 178.5, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 191.45 and a 52-week low of Rs 133.1. Total market cap of the Ashok Leyland Ltd . stood at Rs 52718.17 crore at the time of writing this report. Key Financials The company reported consolidated net sales of Rs 11463.03 crore for the quarter ended 30-Sep-2023, up 17.75 per cent from previous quarter's Rs 9735.45 crore and up 19.15 per cent from the year-ago quarter's Rs 9620.28 crore. The net profit for latest quarter stood at Rs 526.01 crore, up 220.91 per cent from the corresponding quarter last year. Shareholding pattern As of 30-Sep-2023, DIIs held 10.1 per cent stake in the company, while foreign institutional investors held 20.21 per cent and the promoters 51.53 per cent. Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 24.62 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Ashok Leyland Ltd . belongs to the Auto - Cars/UV/CV industry. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Wednesday, 29 Nov, 2023 Read Complete ePaper  » Digital View Print View Wealth Edition For More Capital, Byju’s Must Pass a Tough Test Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is battling a deepening fund crunch, people in the know of the matter said. Virtual Influencers Now Making Real Money? AI, AI, Sir! As social media influencers, Kyra and Naina have hit the big time. Only thing is, they’re not actually real — not entirely anyway. Titan, Realme, MG Motors and Boat are paying a premium to advertise through 3D-animated humans, or virtual influences, who have become quite the phenomenon on Instagram with views of up to 21 million for their reels. Timing of Burmans’ Open Offer Fishy: Religare Ind Director Ahmed Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy’ in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control. Read More News on ashok leyland ashok leyland ltd ashok leyland ltd. ashok ltd leyland ltd Ashok Leyland Share Price ashok leyland ashok leyland ltd ashok leyland ltd. ashok ltd (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Read Economic Times Epaper . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime

763850

nan

GlobeNewswire

Persistence Market Research

Automotive Steering System Market is Expected to Surge with the Adoption of Electric Vehicles, projected to Reach US$32.5 billion by 2030, Insights by Persistence Market Research

The global automotive steering system market is driven by the increasing demand for vehicles with advanced safety features, such as electric power steering (EPS) systems and advanced driver-assistance systems (ADAS). The global automotive steering system mark…

https://www.globenewswire.com/news-release/2023/11/29/2787562/0/en/Automotive-Steering-System-Market-is-Expected-to-Surge-with-the-Adoption-of-Electric-Vehicles-projected-to-Reach-US-32-5-billion-by-2030-Insights-by-Persistence-Market-Research.html

nan

2023-11-29 10:43:00

New York, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The global automotive steering system market is poised for substantial growth, with a forecasted expansion at a robust Compound Annual Growth Rate (CAGR) o… [+13326 chars]

Cars

New York, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The globalautomotive steering system marketis poised for substantial growth, with a forecasted expansion at a robust Compound Annual Growth Rate (CAGR) of 4.8%. This growth trajectory anticipates a noteworthy increase in market valuation, catapulting from the anticipated US$23.4 billion in 2023 to a projected US$32.5 billion by the conclusion of 2030. The automotive steering system market encompasses a wide range of technologies and solutions aimed at providing efficient and precise control over vehicle direction. Traditional hydraulic power steering systems have gradually given way to electric power steering (EPS) systems, offering improved fuel efficiency and integration with advanced driver assistance systems (ADAS). Additionally, steer-by-wire technologies are emerging, eliminating the mechanical link between the steering wheel and wheels, presenting futuristic possibilities for vehicle design. This forecast underscores the dynamic nature of the automotive sector, highlighting the escalating demand for advanced steering technologies and the industry's continuous evolution. The projected rise signifies not only a numerical increase but also reflects the market's responsiveness to technological advancements, changing consumer preferences, and the overall dynamism in the automotive landscape. For more insights into the Market, Request a Sample of this Report -https://www.persistencemarketresearch.com/samples/33563 The Automotive Steering System Market refers to the global industry dedicated to the production, distribution, and innovation of components and systems that facilitate vehicle steering. As an integral part of automotive dynamics, steering systems play a pivotal role in ensuring vehicle maneuverability and driver control. These systems encompass a range of technologies, including hydraulic, electric, and electro-hydraulic power steering, each designed to enhance driver experience, safety, and overall vehicle performance. The market reflects the ever-evolving landscape of the automotive industry, driven by technological advancements and consumer demand for more efficient, responsive, and automated steering solutions. Manufacturers within this market continually strive to improve steering precision, reduce energy consumption, and enhance overall vehicle stability. With a focus on innovation and sustainability, the Automotive Steering System Market is at the forefront of developing cutting-edge technologies that align with the broader automotive industry's goals of efficiency, safety, and environmental consciousness. This market's dynamism is characterized by ongoing research and development, collaboration among industry stakeholders, and a commitment to shaping the future of automotive mobility. Market Drivers: Increasing Demand for Electric Power Steering (EPS): The automotive industry is witnessing a shift from traditional hydraulic steering systems to Electric Power Steering (EPS) due to its energy efficiency and flexibility. The demand for EPS is driven by its fuel efficiency, reduced maintenance, and the overall trend towards electrification in vehicles. Advancements in Autonomous Driving Technology: As autonomous vehicles become more prevalent, steering systems are evolving to integrate advanced driver assistance systems (ADAS). This includes features like lane-keeping assistance and automated parking, driving the demand for sophisticated steering technologies. Stringent Safety Regulations: Global safety regulations mandating advanced safety features in vehicles, such as Electronic Stability Control (ESC) and Advanced Driver Assistance Systems (ADAS), are compelling automakers to adopt advanced steering systems. This is particularly relevant in regions like Europe and North America. Consumer Preference for Enhanced Driving Experience: Consumers are increasingly seeking vehicles with improved driving comfort and handling. Advanced steering systems, offering features like variable steering ratios and adaptive steering, contribute significantly to a superior driving experience, influencing consumer choices. In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at -https://www.persistencemarketresearch.com/market-research/automotive-steering-system-market.asp Market Restraints: High Development Costs: The research, development, and implementation of advanced steering technologies involve significant costs. This can pose a challenge for both manufacturers and consumers, affecting the overall adoption rate of advanced steering systems. Complexity and Maintenance Concerns: Advanced steering systems, especially those integrated with autonomous driving features, can be complex. The complexity may lead to concerns related to maintenance, repair costs, and the availability of skilled technicians. Global Semiconductor Shortages: The ongoing semiconductor shortage has impacted various automotive components, including those related to steering systems. This shortage can hinder the production and delivery of vehicles, affecting the overall steering system market. Resistance to Autonomous Driving: While autonomous driving is a driver for advanced steering systems, there is still resistance and skepticism among consumers regarding the safety and reliability of fully autonomous vehicles. This resistance may slow down the adoption of steering systems integrated with autonomous features. Automotive Steering System Market Segmentation: The automotive steering system market is a dynamic and evolving sector, driven by technological advancements, safety regulations, and consumer preferences. Market segmentation plays a crucial role in understanding the diverse needs of consumers and tailoring steering system solutions accordingly. Here, we delve into key market segmentations shaping the automotive steering system landscape. Understanding and addressing the needs of these market segments are essential for steering system manufacturers to stay competitive and meet the evolving demands of the automotive industry. As the industry continues to innovate, these segmentations will likely evolve, emphasizing the importance of flexibility and adaptability in steering system solutions. Key Company Developments The Automotive Steering System market is characterized by the presence of key players that play a crucial role in shaping the industry landscape. As of 2022, some prominent market players include Bosch, ZF Friedrichshafen, JTEKT Corporation, Nexteer Automotive, and Thyssenkrupp AG. Bosch, a global technology and engineering leader, is known for its innovative steering solutions that enhance vehicle safety and performance. ZF Friedrichshafen, a leading automotive supplier, specializes in advanced steering systems, contributing to the efficiency and comfort of vehicles. JTEKT Corporation, a Japanese multinational, is recognized for its expertise in steering and driveline components, catering to both conventional and electric vehicles. Nexteer Automotive is a key player in steering and driveline systems, offering cutting-edge technologies to improve vehicle responsiveness and control. Thyssenkrupp AG, a diversified industrial group, is actively involved in the automotive steering sector, providing solutions that prioritize safety and precision. These market players are at the forefront of technological advancements, focusing on innovations such as electric power steering and autonomous driving integration, thereby shaping the evolution of the Automotive Steering System market. Their influence extends across global markets, contributing to the growth and development of the automotive industry. Market Mergers & Acquisitions: The Automotive Steering System market is witnessing dynamic shifts with strategic mergers and acquisitions. Industry leaders are consolidating to enhance technological capabilities, expand market presence, and foster innovation. Notable collaborations aim to optimize production efficiency, leverage synergies, and address the evolving demands of the automotive sector. These strategic maneuvers are reshaping the competitive landscape, fostering collaboration between key players, and accelerating the development of advanced steering technologies. As the industry undergoes transformative changes, M&A activities play a pivotal role in shaping the future of the Automotive Steering System market, ensuring adaptability and competitiveness in an ever-evolving automotive landscape. Conclusion The Automotive Steering System market is poised for significant growth, driven by technological advancements, increasing vehicle production, and a focus on safety. While the industry faces challenges related to cost and complexity, strategic collaborations and innovations offer avenues for sustained development. The market's landscape will continue to evolve, shaped by factors such as mergers and acquisitions, regional dynamics, and the integration of emerging technologies. Industry stakeholders must remain adaptive and forward-thinking to capitalize on the opportunities presented by this dynamic market. About Persistence Market Research: Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges. Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part. Contact Us: Persistence Market ResearchTeerth Technospace, Unit B-704Survey Number - 103, BanerMumbai Bangalore HighwayPune 411045, IndiaEmail:sales@persistencemarketresearch.comWeb:https://www.persistencemarketresearch.com

763859

nan

GlobeNewswire

PIONEERING MARKETDIGITS CONSULTING AND ADVISORY PRIVATE LIMITED

Automotive Electric Drivetrain Components Market projected to reach USD 241.0 Billion by 2030, growing at a CAGR of 22.9% during the forecast period of 2023-2030 - says MarketDigits in its latest study

The Global Automotive Electric Drivetrain Components Market was valued USD 56.9 Billion in 2023 and projected to reach USD 241.0 Billion by 2030, growing at a CAGR of 22.9% during the forecast period of 2023-2030 The Global Automotive Electric Drivetrain Comp…

https://www.globenewswire.com/news-release/2023/11/29/2787677/0/en/Automotive-Electric-Drivetrain-Components-Market-projected-to-reach-USD-241-0-Billion-by-2030-growing-at-a-CAGR-of-22-9-during-the-forecast-period-of-2023-2030-says-MarketDigits-in.html

https://ml.globenewswire.com/Resource/Download/2960b872-d623-4363-9973-e881f17bf42f

2023-11-29 13:00:00

Richmond, Nov. 29, 2023 (GLOBE NEWSWIRE) -- According to a research report "Automotive Electric Drivetrain Components Market , ByComponents (Electric Drive Module, DC/DC Converter, Battery Packs, Th… [+11528 chars]

Cars

Richmond, Nov. 29, 2023 (GLOBE NEWSWIRE) -- According to a research report"Automotive Electric Drivetrain Components Market”, ByComponents (Electric Drive Module, DC/DC Converter, Battery Packs, Thermal System, DC/AC Inverter, Power Distribution Module), Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Sales Channel (OEM, Aftermarket) and Region. Global Automotive Electric Drivetrain Components MarketReport Scope: Download the Sample-https://www.marketdigits.com/request/sample/3657 TOC Covers in Depth & Breath onAutomotive Electric Drivetrain Components Market170 - Market Data Tables65 - List of Figures225 – Pages The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits. Market Overview The global automotive electric drivetrain components market plays a pivotal role in the automotive industry's transition towards electrification. As the demand for electric vehicles (EVs) continues to rise, the market for electric drivetrain components, such as electric motors, power electronics, and transmissions, has become increasingly significant. These components form the core of electric drivetrains, enabling the efficient conversion of electrical energy into mechanical power for vehicle propulsion. The adoption of electric drivetrain components is instrumental in reducing carbon emissions, enhancing energy efficiency, and promoting sustainability in the transportation sector. Furthermore, the growth of the automotive electric drivetrain components market fosters innovation and technological advancements. Automotive manufacturers and suppliers are investing in research and development to enhance the performance, efficiency, and cost-effectiveness of electric drivetrain components. This not only benefits the industry by meeting the evolving demands of environmentally conscious consumers but also contributes to the overall ecosystem by driving advancements in electric vehicle technology. The market's expansion creates opportunities for collaboration among automotive companies, component suppliers, and technology providers, fostering a dynamic ecosystem that accelerates the widespread adoption of electric vehicles and supports the global automotive industry's shift towards a more sustainable future. Major Vendors in the Global Automotive Electric Drivetrain Components Market: Request for Discount @https://www.marketdigits.com/request/discount/3657 Rising Embrace of Electric Vehicles (EVs) Continuous advancements in technology are playing a pivotal role in shaping the automotive electric drivetrain components market. Innovations in materials, design, and manufacturing processes are enhancing the performance, efficiency, and reliability of electric drivetrain components. One notable example is the development of high-energy-density batteries that enable longer driving ranges and faster charging times, addressing one of the key challenges faced by electric vehicles. Moreover, advancements in power electronics and electric motor design are leading to more compact and lightweight drivetrain solutions without compromising performance. The integration of smart technologies, such as regenerative braking systems and advanced control algorithms, further optimizes energy utilization in electric drivetrains. These technological advancements not only improve the overall efficiency of electric vehicles but also contribute to the growth of the automotive electric drivetrain components market. The increasing focus on autonomous and connected vehicles is also influencing the development of advanced drivetrain components, as these technologies demand sophisticated electric propulsion systems for reliable and efficient operation. Market Dynamics Drivers: Opportunities: Technological Advancements and Innovation Continuous advancements in automotive electric drivetrain components technologies and ongoing research in neuroscience contribute significantly to the growth of the global automotive electric drivetrain components market. Innovations in device design, materials, and programming algorithms have led to the development of more sophisticated and patient-specific automotive electric drivetrain components solutions. Miniaturization of devices, improved battery life, and enhanced connectivity features have increased the acceptance and adoption of automotive electric drivetrain components therapies. The emergence of closed-loop or feedback-controlled systems represents a notable technological advancement in automotive electric drivetrain components. These systems can dynamically adjust stimulation parameters based on real-time physiological feedback, optimizing therapeutic outcomes. Additionally, the exploration of new modalities, such as non-invasive automotive electric drivetrain components techniques, broadens the scope of automotive electric drivetrain components applications, attracting both clinicians and patients. The collaborative efforts of research institutions and industry players in driving innovation further propel the market forward, fostering a conducive environment for technological breakthroughs in automotive electric drivetrain components. Asia Pacific dominates the market for Automotive Electric Drivetrain Components. The dominating region in the global automotive electric drivetrain components market is currently Asia-Pacific, with China being the frontrunner. China has emerged as a major player in the electric vehicle industry, supported by ambitious government targets, robust infrastructure development, and strong consumer demand for electric cars. The country's dominance in the market is evident from its leading position in electric vehicle sales and production. In terms of market share and growth potential, India is an upcoming player in the automotive electric drivetrain components market. The Indian government has announced ambitious plans to promote electric mobility, offering incentives and subsidies to both manufacturers and consumers. The push for cleaner transportation and the growing need to reduce air pollution in major cities are driving the demand for electric vehicles in India. As a result, the market for electric drivetrain components is expected to witness substantial growth in the country. Furthermore, Brazil in South America is showing promise as an emerging market for electric vehicles and drivetrain components. The Brazilian government is taking steps to encourage the adoption of electric mobility, creating opportunities for manufacturers in the drivetrain components sector. These emerging markets present high growth potential due to a combination of supportive government policies, increasing environmental consciousness, and a growing middle-class population, which is likely to drive the demand for electric vehicles and their components. The Components Segments is anticipated to hold the Largest Market Share during the Forecast Period In the global automotive electric drivetrain components market, the components segment, comprising Electric Drive Module, DC/DC Converter, Battery Packs, Thermal System, DC/AC Inverter, and Power Distribution Module, stands out as the dominant force. This dominance can be attributed to the interplay of several factors. The electric drive module and DC/AC Inverter form the core of electric vehicle propulsion, ensuring efficient energy conversion and transfer. Battery packs play a pivotal role in addressing range anxiety and advancing energy storage technologies. The DC/DC Converter optimizes power distribution, enhancing overall system efficiency. Simultaneously, the thermal system regulates temperature, safeguarding the drivetrain components. The power distribution module ensures seamless coordination among diverse components. This comprehensive integration and synergy among these segments contribute to the dominance of the components segment, reflecting the critical role it plays in advancing the automotive electric drivetrain landscape. Inquire Before Buying:https://www.marketdigits.com/request/enquiry-before-buying/3657 Browse Similar Reports: Electric Vehicle E-Axle Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits Industrial Electric Vehicles Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits Electric Scooter Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits About MarketDigits: MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets. We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues. Contact Us:MarketDigits1248 CarMia Way Richmond,VA 23235,United States.USA: +1 847 450 0808Email:sales@marketdigits.comWeb:https://www.marketdigits.comFollow Us on: |Twitter|LinkedIn|

763890

nan

Forbes

Trefis Team, Contributor, Trefis Team, Contributor https://www.forbes.com/sites/greatspeculations/people/trefis/

Down 50% From 2021, We Think There’s Upside For AT&T Stock

AT&T’s wireless subscriber growth has clearly slowed compared to last year, due to saturation in the wireless market and easing tailwinds from the Covid-19 lockdowns.

https://www.forbes.com/sites/greatspeculations/2023/11/29/down-50-from-2021-we-think-theres-upside-for-att-stock/

2023-11-29 13:00:19

16 September 2023, USA, New York: The logo of the telephone provider AT&amp;T, taken in Manhattan. ... [+] Photo: Michael Kappeler/dpa (Photo by Michael Kappeler/picture alliance via Getty Images) d… [+4397 chars]

Stock

16 September 2023, USA, New York: The logo of the telephone provider AT&T, taken in Manhattan. ... [+] Photo: Michael Kappeler/dpa (Photo by Michael Kappeler/picture alliance via Getty Images) AT&T stock stock has had a tough year so far, declining by over 12% year-to-date, faring worse than peers T-Mobile (up 7% this year) and Verizon (down about 7% year-to-date). There are a couple of factors that are impacting the stock. AT&T’s T wireless subscriber growth has clearly slowed compared to last year, due to saturation in the wireless market and easing tailwinds from the Covid-19 lockdowns. For example over Q3 2023, the company added a total of 468,000 postpaid phone subscribers, down from 708,000 adds in Q3 2022. Competition is also mounting in the wireless sector. While pay-TV player Dish is building out its own 5G network, Comcast CMCSA has also been doubling down on the space via the mobile virtual network operator route, adding 294,000 phone lines during Q3, taking its total wireless base to 6.3 million subscribers. This could hurt wireless players, who have invested considerably in building out their 5G networks. The high-interest rate environment is also likely to impact AT&T stock, given that the company had about $138 billion in debt on its books as of the last quarter. Higher rates also tend to impact stocks with a higher dividend yield such as AT&T. Moreover, T stock has suffered a sharp decline of 50% from levels of $30 in early January 2021 to around $15 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. Notably, T stock has underperformed the broader market in each of the last 3 years. Returns for the stock were -14% in 2021, -25% in 2022, and -12% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 19% in 2023 - indicating that T underperformed the S&P in 2021, 2022, and 2023. In fact, consistently beating the S&P 500 - in good times and bad - has been difficult over recent years for individual stocks; for heavyweights in the Communication Services sector including GOOG, META, and NFLX, and even for the megacap stars TSLA, MSFT, and AMZN. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could T face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months - or will it see a recovery? We think AT&T stock has room for upside. AT&T trades at just about 7x consensus 2023 earnings, well below historical levels. The company’s dividend yield also stands at a solid 7%. While subscriber growth has slowed compared to the pandemic period, things are looking a bit better sequentially. AT&T is also making progress with cutting its cost, with its wireless operating margins rising by 2% to 43% in Q3. Cash flows are also projected at $16.5 billion or more for this year, an increase from its previous guidance of $16 billion. Moreover, we think that AT&T should be able to drive profits higher in the long term as the expensive build-out of its 5G network winds down, with revenues and margins benefiting from subscribers opting for more premium plans. For instance over Q3, average revenue per subscriber rose driven by the company’s move to subsidize high-end handsets such as the iPhone 15 Pro for customers who upgrade from value plans to more premium unlimited offerings. AT&T’s fiber broadband operations have also been expanding, with the company reporting a total of 8 million subscribers as of Q3, up 16% compared to last year. Although the U.S. economy faces some headwinds, wireless data, and telecom services, have become essential to customers, meaning that AT&T is unlikely to see a major impact on its financials. We remain positive on AT&T stock with a $19 price estimate, which is 17% ahead of the current market price. See our analysis on AT&T Valuation for more details on what’s driving our price estimate for AT&T. For more details on AT&T’s key revenue streams check out our analysis of AT&T Revenues: How Does T Make Money? Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates

763896

nan

Forbes

Ed Garsten, Senior Contributor, Ed Garsten, Senior Contributor https://www.forbes.com/sites/edgarsten/

GM Reveals $1.1 Billion Labor Strike Hit, Reinstates Earnings Guidance

GM is reinstating its earnings guidance, accelerating a stock buyback program and addressing issues with Cruise and EV battery production following labor disruptions.

https://www.forbes.com/sites/edgarsten/2023/11/29/gm-reveals-11-billion-labor-strike-hit-reinstates-earnings-guidance/

2023-11-29 12:26:14

DETROIT, MI - General Motors Co. announced "business updates" following ratifications of new labor ... [+] contracts in the U.S. and Canada (Photo by Bill Pugliano/Getty Images) Getty Images Genera… [+3812 chars]

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DETROIT, MI - General Motors Co. announced "business updates" following ratifications of new labor ... [+] contracts in the U.S. and Canada (Photo by Bill Pugliano/Getty Images) Facing the combination of increased labor costs, operational failures at its robotaxi subsidiary and EV battery production snafus, General Motors Co. chair and CEO Mary Barra says the company will attempt to plow through the issues but only by taking strong actions. “Our strategy hasn't changed. What has changed is our tactics,” Barra declared during a conference call with financial analysts Wednesday morning. The premise of the call was to discuss what the company termed a “business update” following ratification of contracts with the United Auto Workers and Unifor involving tough negotiations and a series of strikes in the U.S. Despite those headwinds, GM reinstated its 2023 earnings guidance, originally withdrawn during the labor negotiations, taking into account what it termed in a release as an “estimated $1.1 billion EBIT-adjusted impact from the UAW strike, primarily from lost production.” That guidance now includes net income of $9.1 billion-$9.7 billion, compared to the previous outlook of $9.3 billion-$10.7 billion and EBIT-adjusted of $11.7 billion-$12.7 billion, compared to the previous outlook of $12.0 billion- $14.0 billion. Estimated labor costs in North America will be about $1.5 billion higher in 2024 as compared with the previous contracts, according to GM chief financial officer Paul Jacobson, who also spoke on the call with financial analysts. In addition, GM announced an accelerated stock repurchase program. Mary Barra, General Motors Co. chair and CEO. “Now, with clarity on our labor costs and production back on track, we are returning to our capital allocation framework by repurchasing $10 billion of common stock through an accelerated share repurchase program, raising our common stock dividend by 33% starting in 2024 and reinstating our 2023 earnings guidance,” Barra said in a letter to shareholders. Through the accelerated share repurchase program, or ASR, GM said it will advance an aggregate of $10 billion to the executing banks and will immediately receive and retire $6.8 billion worth of GM’s common stock. GM had approximately 1.37 billion shares of common stock outstanding prior to the ASR, the company said in a release. The company said it expects to increase its common stock dividend by 3 cents per quarter to 12 cents beginning next year and the ASR program is expected to conclude during the fourth quarter of 2024. As for two trouble spots facing GM, Barra addressed them both with shareholders and on the call with financial analysts, namely problems in bringing production of its Ultium EV batteries up to full speed and its robotaxi subsidiary, Cruise, which has been plagued by quality and safety issues. “I am disappointed with our Ultium based EV production in 2023. As you know we have had difficulties with battery module assembly. However, we have made substantial improvements both to the process and to the organization responsible for this work and in 2024 we expect significantly higher Ultium EV production and significant improvement improved EV margins,” Barra said in her opening remarks on the analysts call. When reporting its third quarter financial results earlier this fall, the company said it was slowing the pace of EV production due to lower than expected consumer demand. As a cost savings, Barra said the company will introduce improved versions of the Chevrolet Bolt EV rather than invest in an entirely new portfolio that, she said, would have cost an estimated $5 billion. The company remains optimistic about increasing consumer acceptance of electric vehicles, estimating overall U.S. sales surpassing 1 million units this year, but still accounting for only about 7% of the total market. GM's robotaxi subsidiary Cruise has been troubled with a number of traffic incidents leading the ... [+] state of California to pull its permit to operate. (Photo by Smith Collection/Gado/Getty Images) Turning to Cruise, the short answer is, it's not cruising. The robotaxi subsidiary shut down operations after a series of accidents involving its driverless taxis in San Francisco that to the state pulling the company's permit to operate and the resignation of CEO Kyle Vogt last week. “Our priority now is to focus the team on safety, transparency and accountability,” wrote Barra in her shareholder letter. “We must rebuild trust with regulators at the local, state and federal levels, as well as with the first responders and the communities in which Cruise will operate. This includes making improvements driven by the independent safety and incident reviews that are ongoing.” As for GM's investment in Cruise, Barra told financial analysts, “we expect the pace of Cruise expansion to be more deliberate when operations resume and spending will be substantially lower in 2024 than it was in 2023.” That spending would be reduced to “hundreds of millions of dollars,” said Jacobson. While investors seemed to be buoyed by GM's report, sending shares up almost 10% to just over $31 in early trading on the New York Stock Exchange, Barra said she was disappointed the company's overall share price has been dampened by the fact “we didn't execute well this year.” That point was supported by Jacobson, who noted “some self-inflicted harm” in terms of GM’s execution. “I think we've got our arms around that as we're scaling up, I think there's a little bit of sort of legacy viewpoint of the cyclical nature of the industry and the company as a whole, and anytime you try to break out of some of those cyclical patterns, there's a natural instinct, I think, for the market to devolve back to them.” Jacobson will deliver a more detailed look at GM's financial condition and outlook on Thursday in a presentation at the Barclays Global Automotive and Mobility Tech Conference. This story has been updated with details from Wednesday’s conference call.

763902

al-jazeera-english

Al Jazeera English

Al Jazeera

As truce holds, people in Gaza venture out to survey destruction

The massive destruction of homes and infrastructure 'severely compromises' the ability to meet basic needs, the UN said.

https://www.aljazeera.com/gallery/2023/11/29/as-truce-holds-people-in-gaza-venture-out-to-survey-destruction

2023-11-29 06:18:51

Israels military offensive has turned much of northern Gaza into an uninhabitable moonscape. Whole neighbourhoods have been erased. Homes, schools and hospitals have been blasted by air raids and sco… [+1431 chars]

Stock

In Pictures Israel’s military offensive has turned much of northern Gaza into an uninhabitable moonscape. Whole neighbourhoods have been erased. Homes, schools and hospitals have been blasted by air raids and scorched by tank fire. Some buildings are still standing, but most are battered shells. The ceasefire has allowed residents who remained in Gaza City and other parts of the north to venture out to survey the destruction and try to locate and bury relatives. A United Nations-led aid consortium estimates that more than 234,000 homes have been damaged across Gaza and 46,000  destroyed, amounting to about 60 percent of the housing stock in the territory, which is home to some 2.3 million Palestinians. In the north, the destruction of homes and civilian infrastructure “severely compromises the ability to meet basic requirements to sustain life”, it said. Israel’s bombardment and ground offensive have displaced more than 1.8 million people, nearly 80 percent of Gaza’s population, with most having sought refuge in the south, according to the UN humanitarian affairs office. Israeli troops have barred people from returning to the north during the ceasefire. The UN says the truce made it possible to scale up the delivery of food, water and medicine to the largest volume since the start of the war and to bring in desperately needed fuel for homes, hospitals and water treatment plants. But the 160 to 200 trucks a day is still less than half of what Gaza was importing before the fighting, even as humanitarian needs have soared. Five days into the truce, residents were still waiting for hours to buy gas and cooking fuel. Follow Al Jazeera English:

763951

nan

The Indian Express

Express News Service

Fire at chemical plant in Surat, 24 workers injured

The fire erupted at the manufacturing site of Aether Industries in the Sachin GIDC industrial area following an explosion in a large chemical storage tank.

https://indianexpress.com/article/cities/ahmedabad/fire-at-chemical-plant-in-surat-24-workers-injured-9047117/

2023-11-29 09:46:41

A major fire broke out at a chemical plant in Gujarats Surat city early Wednesday morning, injuring 24 workers, said officials. Three of the injured workers were admitted to a hospital in critical co… [+2137 chars]

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A major fire broke out at a chemical plant in Gujarat’s Surat city early Wednesday morning, injuring 24 workers, said officials. Three of the injured workers were admitted to a hospital in critical condition, they said. According to officials, the blaze erupted at the manufacturing site of Aether Industries in the Sachin GIDC industrial area around 2 am following an explosion in a large chemical storage tank. Fire brigade teams from Sachin, Udhna and Majura rushed to the spot after the fire was reported. As per chief fire officer Basant Pareek, the blast took place in a chemical storage tank that contained the flammable chemical material Tetrahydrofuran and the fire spread to different areas in the unit. A total of 11 fire tenders reached the spot to douse the fire. “We have brought the fire under control by splashing water mixed with chemical foam. Presently, cooling activities in the company are in progress,” said Pareek. When the fire broke out, around 150 labourers were present on the night shift and the 24 who suffered various degrees of burn injuries were immediately shifted to Sanjeevani Hospital in Sachin GIDC. From there, the critically injured victims were shifted to Maitri, New Civil andApplehospitals. The police, forensic officials, and Gujarat Pollution Control Board (GPCB) factory inspector are on the spot investigating the incident. Sachin GIDC police inspector J R Chaudhary said, “We have noted the incident in the police diary and once the GPCB and forensic officials finish their investigations and based on their findings, we will start investigations into the case.” Sources said the building’s structure became weak due to the fire, making it difficult for people to enter inside. The company owner, Ashwin Desai, reached the spot early on Wednesday morning. One of his sons, Rohan Desai, who was inDelhi, immediately flew to Vadodara and also reached the factory in the morning. Sources said the company, founded by Deasi in 2013, manufacturers chemical compound products like intermediates. It supplies these to agrochemical, pharmaceutical and oil and gas industries. The company is listed on the national stock exchange and has customers worldwide. As per Forbes Billionaires 2023, Ashwin Desai’s net worth is $1.2 billion, and he is ranked 2259 among the wealthiest people in the world.

764024

nan

The Indian Express

Anuradha Mascarenhas

‘A lot more needs to be done’: Writer-poet R Raj Rao ahead of release of new book that mirrors LGBTQIA struggles

Noted poet and novelist R Raj Rao’s latest book, The Wisest Fool on Earth: Ten Street Plays and Three Monologues, will be released in Pune on December 3.

https://indianexpress.com/article/cities/pune/poet-r-raj-rao-new-book-mirrors-lgbtqia-struggles-9047045/

2023-11-29 09:07:57

Noted poet, novelist, and former head of the English department at Savitribai Phule Pune University, R Raj Rao has used drama as a literary form to make audiences aware of the hostility the LGBTQIA c… [+2950 chars]

Love

Noted poet, novelist, and former head of the English department at Savitribai Phule Pune University, R Raj Rao has used drama as a literary form to make audiences aware of the hostility the LGBTQIA community faces from society, including their own families. Now, awaiting the release of his latest book, Rao says “a lot more needs to be done…”. “Although the Supreme Court decriminalised Section 377 of the Indian Penal Code in 2018, little has changed in the lives of LGBTQIA individuals, and a lot more needs to be done by all of us writers, academics, activists, lawyers, and others. My 20+ books are a small step in this direction,” says Rao. His book, The Wisest Fool on Earth: Ten Street Plays and Three Monologues, will be launched on December 3. At the event on Sunday, Shyam Konnur, managing director of Mist LGBTQ Foundation, and Maharashtra state coordinator of All India Professionals’ Congress for Diversity and Inclusion, will be in conversation with Rao – both prominent members of the LGBTQIA+ community – and present a reading of selected plays in the book. “The book connects us with the struggles we have experienced as LGBTQIA members,” says Konnur, adding that he has read Rao’s books from the initial days of his coming out. The 135-page book includes street plays and monologues that encapsulate over 30 years of writing. “Why did I write the plays? I believe that being gay makes us natural dissenters, and the third monologue in the book even attempts to make a connection between gay dissent and other kinds of political dissent. I have used other literary forms, especially the novel, to generate the same awareness,” Rao toldThe Indian Express. Rao said that he had written the title play The Wisest Fool on Earth in the UK way back in 1990. The street plays and the third monologue ‘Stand Up and Be Counted’ were written only a few years ago. In the first monologue, the protagonist is Jay, an educated but unemployed young man in his early thirties, who takes to male prostitution to earn a living and speaks to the audience from the toilet in a high-rise apartment in which he has been kept locked. In the second monologue ‘Vanaprastha Ashram’, we meet Jay about 20 years later and he now speaks to his audience from the roof of a building. In the final monologue ‘Stand Up and Be Counted’, Jay is in his sixties. He is in jail for attending theKoregaon-Bhima rally in 2018 and speaks to the audience from his prison cell. “The title play, The Wisest Fool on Earth, was performed in English atMumbaiandPuneand in Hindi inHyderabad. The street plays are set in a courtroom, a railway station, a middle-class Indian home, a Mumbai street, a marriage bureau, a gay bar, a hospital ward, a sexologist’s clinic, and an Irani restaurant,” Rao adds. The book, published by QueerInk, India and Australia, will be launched this December 3 at Pagdandi Bookstore in Baner. Meanwhile, Rao is gearing up for the release of his fifth novel Mahmud and Ayaz, in two months. It uses the legendary love story of Sultan Mahmud of Ghazni and his Turkish slave lover Ayaz as the backdrop and connects it to a contemporary gay love story set in Bombay.

764035

nan

Digital Trends

Andy Boxall

I compared two of the year’s best phones in an extreme camera test

Does Apple or Samsung make the best flagship camera phone? We put the iPhone 15 Pro Max against the Galaxy S23 Ultra to find out.

https://www.digitaltrends.com/mobile/apple-iphone-15-pro-max-vs-samsung-galaxy-s23-ultra-camera-test/

2023-11-29 13:00:27

Apple iPhone 15 Pro Max (left) and the Samsung Galaxy S23 Ultra.Andy Boxall / Digital Trends Apple versus Samsung is perhaps the ultimate battle in smartphones, and the iPhone 15 Pro Max and the Gal… [+12301 chars]

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Apple versus Samsung is perhaps theultimate battle in smartphones, and theiPhone 15 Pro Maxand theGalaxy S23 Ultraare the two brand’s top devices. If you want one, you may have also looked at the other, and even if not, who doesn’t want to see a tough camera battle between these two heavyweights? We put the Apple iPhone 15 Pro Max’s camera to the test alongside the Samsung Galaxy S23 Ultra to see which comes out victorious. These are two of the best, most expensive smartphones you can buy at the moment, with massive screens and the fastest processors, but the cameras are quite different from each other. The iPhone 15 Pro Max has a 48-megapixel main camera with optical image stabilization, a 12MP wide-angle camera with a 120-degree field-of-view, and a pair of 12MP telephoto cameras providing 2x and 5x optical zoom. The main camera can be used to shoot at 24mm, 28mm, and 35mm, giving further flexibility, plus there’s a full resolution 48MP mode. I haven’t tested these against the Galaxy S23 Ultra. On the front is a 12MP camera with autofocus and image stabilization. Video isn’t part of the test, but we have someexamples of its ability in this article; plus there is anin-depth test of the Galaxy S23 Ultra’s video performancehere. Moving on to the Galaxy S23 Ultra, it has a massive 200MP main camera (which shoots in 12MP by default, lower than the iPhone 15 Pro Max’s 24MP default), a 12MP 12-degree field-of-view wide-angle camera, and a pair of 10MP telephoto cameras for a 3x and a 10x optical zoom. Optical image stabilization is onboard, along with laser autofocus. The front selfie camera has 12 megapixels. The photos in this test were taken across different days, all in auto mode. They have been resized for easier online viewing. The iPhone 15 Pro Max and the Galaxy S23 Ultra can often take very different photos, and I’m going to highlight a few here. It’s quite difficult to single out one main camera as better than the other in many situations, as the results are just a different take on the same scene with the same high level of quality and detail. However, in specific circumstances, such as when you get close up, there are notable differences between them. Take a look at the basket of vegetables, where the iPhone 15 Pro Max shows so much more detail and texture, and the Galaxy S23 Ultra smooths the image out. Arguably, it does have a slightly sharper focus, but the lack of texture gives it an artificial look that isn’t as visually pleasing. The iPhone 15 Pro Max’s white balance is more accurate, too. When I took the photo of the leaf, both phones activated the “macro” mode, enabling better focus on close-up objects. The iPhone 15 Pro Max’s mode can rob photos of any depth, but that doesn’t matter here. Instead, look at the difference in color and detail. The S23 Ultra’s photo is vibrant and sharp, while the iPhone’s photo is drab and poorly focused. The S23 Ultra captured the essence of the scene far more attractively. The next shot was taken early in the morning when the autumn sun was low in the sky, and both have a different take on the environment. The iPhone is warmer and more natural, and it captured the blue in the sky that was slightly missed by the S23 Ultra. There is more noise in the S23 Ultra’s photo, and also some odd rainbow effects in the water, while the trees are overly processed. The iPhone’s photo is natural, and although noise is visible, the image hasn’t been overly sharpened. Finally, the photo of the car shows most of the major differences between the two main cameras. The Galaxy S23 Ultra’s bold, vibrant colors play against the natural, sometimes slightly too muted colors of the iPhone, but Apple’s camera fights back with its sharper, less processed appearance. Both are good photos, but the iPhone 15 Pro Max suits my taste more here. However, when it switches to macro mode, the Galaxy S23 Ultra beats it every time. It’s going to be a draw overall in this category, but personal taste means you may prefer the appearance of one over the other. Winner: Draw Many of the attributes of the main camera are carried across to the wide-angle camera, but the effect is slightly altered. The iPhone 15 Pro Max’s exposure levels aren’t always quite right, and its natural tone isn’t always as pleasing here. In contrast, the Galaxy S23 Ultra’s vibrant tone and aggressive exposure levels make the pictures more exciting. Where it can be overpowering on the main camera, it can work better when shooting with the wide-angle. The S23 Ultra has the edge in the photo of the church, but its exuberance when it comes to RGB colors spoils the second image, and the iPhone 15 Pro Max’s gentler touch better captures the scene. It was really cold, and this is carried over better by the iPhone, and the exposure and white balance bring out the clouds in the sky more effectively, too. The final photo here shows why this category is also tricky to judge. The Galaxy S23 Ultra’s photo is visually more interesting at a glance, but when you look closely, there’s a lot of noise in the clouds and the water, which spoils the otherwise sharp and arresting photo. The iPhone’s photo is nowhere near as sharp and suffers from noise, but not quite as much as the S23 Ultra’s photo. It’s not ideal, but this has to be another draw, as neither consistently pulls ahead of the other. Winner: Draw A direct comparison isn’t possible in our telephoto category, as both cameras provide different levels of optical zoom. We will start off with a pair of galleries showing the differences between the capability of both cameras’ optical zoom modes. Above is a gallery showing the iPhone 15 Pro Max’s 1x, 2x, and 5x photos and the Galaxy S23 Ultra’s 1x, 3x, and 10x photos, allowing you to understand the differences in how close you can get to an object. Next, let’s look at individual modes, starting with the Galaxy S23 Ultra’s 10x optical zoom against a 10xdigitalzoom taken with the iPhone 15 Pro Max. It won’t come as a surprise that the S23 Ultra wins, shooting a sharper, more detailed photo than the iPhone. However, the iPhone’s 10x digital image isn’t a disaster and would still be acceptable apart from when it’s put alongside the S23 Ultra’s brilliant image. What happens when we switch the roles and force the S23 Ultra to take a 5x digital zoom photo next to the iPhone’s 5x optical? The results are above. Neither is fantastic quality, and the Galaxy S23 Ultra’s 5x mode gets close enough to the iPhone’s optical 5x that it won’t bother many people leaning toward the S23 Ultra. The iPhone’s colors are more realistic, but as the S23 Ultra doesn’t rob the photo of that much detail or sharpness, it’s forgivable and fixable with an edit. In the final shot, I compared the 2x and the 3x cameras and did have to change position slightly to compensate for the different zoom levels, so there isn’t as much difference in composition. It’s another win for the Galaxy S23 Ultra, which has none of the noise from the iPhone’s photo, has a better white balance, and has a much sharper focus. The S23 Ultra has easily taken the win in this category. Winner: Samsung Galaxy S23 Ultra The iPhone 15 Pro Max’s nighttime shots are generally less noisy and better balanced than the S23 Ultra’s. Still, occasionally, the Samsung phone can take an atmospheric shot that seems beyond its ability. The shot above shows the sky is less blue, the lights less blown out, and far less smoothing on the stone monument from the iPhone. It’s also not as bright as the S23 Ultra’s photo, providing more atmosphere. I also prefer how the iPhone has handled the sign in the next picture, with its blacker board, textured pavement, and wood, plus a great tone on the wall behind to bring out the shadows more. It’s more realistic and not as cold as the S23 Ultra’s photo, which is a little too bright and stark and emphasizes the effect of the yellow street lights more. However, the Galaxy S23 Ultra excels in the final photo here. The exposure is exactly right, bringing out more detail in the church while keeping the surroundings in shadow, and with really great colors in the grass, stone, and trees. The iPhone’s photo just doesn’t capture the scene in the same way. However, this was a one-off for the S23 Ultra, and the iPhone 15 Pro Max otherwise always took better-balanced, less noisy lowlight images. Winner: Apple iPhone 15 Pro Max The two selfie cameras take very similar photos, with one big difference between them. The S23 Ultra lightens my skin tone compared to the iPhone, which looks less accurate to my eyes. The level of detail from both is quite similar, but blacks tend to be deeper from the S23 Ultra due to the way it balances the contrast levels. Is one better than the other? Like some other categories here, it may come down to personal taste. I like the iPhone 15 Pro’s selfie camera and appreciate how you can use the same easy-to-master Portrait mode effects from the rear camera, and the edge recognition is always very effective. The S23 Ultra’s bokeh effect doesn’t usually have the same subtleness, but often its brighter photos are more flattering and fun. It’s another draw. Winner: Draw The camera battle between the Apple iPhone 15 Pro Max and the Samsung Galaxy S23 Ultra is a draw, with both winning a single category each and drawing in the other three. What’s fascinating is that the two cameras did take different photos, resulting in a different interpretation of the scene. However, as both were technically very accomplished, the “winner” will mostly be about personal preference. Samsung’s brilliant telephoto camera was the runaway winner, though, and easily beat the iPhone 15 Pro Max — even managing to get really close to Apple’s optical zoom when shooting digitally. If you like to experiment, the S23 Ultra’s telephoto camera lets you get really creative and is a genuine reason to choose it over the iPhone. The Galaxy S23 Ultra isn’t so accomplished in lowlight, though, and Apple’s software enhancements improve most images taken in darkness a lot when compared. If it’s about personal preference, what ismypersonal preference after taking more than 100 photos with both cameras? It’s an incredibly hard choice. The iPhone 15 Pro Max’s camera takes photos that I find more visually appealing than theiPhone 14 Pro, and I love its overall natural tone. Still, the S23 Ultra’s telephoto camera is simply unmatched. If I were forced to use only one camera, it would probably be the Galaxy S23 Ultra due to this, but I’d really miss the iPhone 15 Pro Max when I wasn’t using the telephoto.

764052

bbc-news

BBC News

https://www.facebook.com/bbcnews

North Wales: Four missing teens drowned after crash, inquest hears

The bodies of Hugo Morris, Harvey Owen, Wilf Fitchett and Jevon Hirst were found in a crashed car.

https://www.bbc.co.uk/news/uk-wales-67563676

2023-11-29 10:15:08

An inquest into the deaths of four teenagers killed in a car crash in north Wales has heard that all four of them drowned. Wilf Fitchett, Jevon Hirst, Harvey Owen and Hugo Morris, from Shrewsbury, w… [+1269 chars]

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Four teenagers drowned after their car overturned on a camping trip in north Wales, an inquest has heard. Jevon Hirst, 16, Wilf Fitchett and Harvey Owen, both 17, and Hugo Morris, 18, were found in an overturned, partially submerged car in Gwynedd on 21 November. Wilf and Harvey had both turned 17 less than a month before the crash. A search was launched after the teenagers, from the Shrewsbury area, failed to return home. The opening of an inquest at Caernarfon, Gwynedd, heard post-mortem examinations on all four teenagers showed the provisional cause of death to be drowning. Kate Robertson, senior coroner for north-west Wales, said: "All four were travelling in a motor vehicle along the A4085 when the vehicle left the road, leading to their deaths." Ms Robertson told the hearing that the police investigation was "ongoing". "Only when it's complete will a full inquest take place," she said. "At this time, speculation is unhelpful and compassion will achieve more than media curiosity." The coroner offered her "sincerest" condolences to the families of the four boys, who were not in attendance at the brief hearing. North Wales Police previously confirmed the bodies of the boys were found in an upside-down silver Ford Fiesta, partially submerged in water. The car was understood to have come off the road on the A4085 in Garreg, near Tremadog in Gwynedd, about 75 miles (120km) from Shrewsbury. Supt Owain Llewellyn said the crash appeared to have been "a tragic accident". In a tribute to her son, Harvey's mother Crystal Owen described him as "a unique and special person who touched so many people along the way". She said: "There is never a time to lose a child but this feels so much more gut wrenching as he was literally thriving in life and had everything to live for." Wilf's girlfriend, Maddi Corfield, posted a tribute online, writing: "I love you so much, I'm going to miss you forever. "The sweetest and most loving boy I've ever known. I hope you know how much I love you, gorgeous."

764067

nan

The Indian Express

Entertainment Desk

“Jai Ho” wasn’t originally a part of Slumdog Millionaire, scene was shot with a Shah Rukh Khan song: Resul Pookutty

Did you know that the central focus of Slumdog Millionaire wasn't originally Jamal Malik's quest to find Latika? Similarly, AR Rahman's Oscar-winning song, "Jai Ho", was not originally intended to be included in the film.

https://indianexpress.com/article/entertainment/bollywood/jai-ho-wasnt-originally-part-of-slumdog-millionaire-scene-shot-with-shah-rukh-khan-song-resul-pookutty-9046807/

2023-11-29 07:20:40

Director Danny Boyle’s Slumdog Millionaire (2008) marked a significant milestone for nearly everyone associated with it, including composer AR Rahman and sound designer Resul Pookutty, as it secured … [+2588 chars]

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Director Danny Boyle’sSlumdog Millionaire(2008) marked a significant milestone for nearly everyone associated with it, including composer AR Rahman and sound designer Resul Pookutty, as it secured their first Academy Awards. However, did you know that the central focus of the movie originally wasn’t Jamal Malik’s (Dev Patel) quest to find Latika (Freida Pinto)? Similarly, Rahman’s Oscar-winning song, “Jai Ho“, wasn’t originally intended to be included in the film. Sound designer Resul Pookutty recently opened up about how the core of the film was reshaped during the editing process, keeping its box office viability in mind, and how Rahman incorporated “Jai Ho” after filming, originally using a Shankar Ehsaan Loy song on set. Discussing the evolving nature of the film industry at the Galatta Plus Mega Malayalam Roundtable 2023, Resul remarked, “We need to understand that the business has evolved. When we write, we often overlook the business aspect of the film. This is where Hollywood excels. Initially, Slumdog Millionaire was a very small film, not centred around a love story. However, the studio decided to project it as such. They focused on the small element of the boy searching for the girl, a theme absent in the original book (Q & A), and not a significant part of the movie.” Opening up about the evolution of “Jai Ho”, Resul recalled, “The version of the film that I saw was the eighth draft of the edit. ‘Jai Ho’ was never there in it. Choreographer Longiness Fernandes shot the song using [Shankar Ehsaan Loy’s]‘Aaj Ki Raat’ from the Shah Rukh Khan-starrer Don. Although Rahman joined the project very late, Rahman was so brilliant that after he heard this and how the sequence had been choreographed, shot and edited, he still said he would do something. He then composed ‘Jai Ho’ with the same rhythm structure, and we went back and tweaked the edit.” Commenting on the collaborative spirit among actors in Malayalam cinema, Resul explained how in the West, A-list actors often choose projects based on their awards potential. Using the example of Alejandro González Iñárritu’s Oscar-nominated psychological drama Babel (2006), Resul stated, “For a star like Brad Pitt to consider a film like Babel, the script needs to come with a note proclaiming it as ‘Oscar-worthy’. Only then will they look at it. In such cases, money, agents and other aspects become insignificant. They do it because, at their core, they are actors who have risen to stardom.” Highlighting the current trend of labelling everything as “content,” Resul emphasised that a film should not be reduced to this word. “Film is not content. It involves blood and sweat, serious writing, and is a work of art. You cannot diminish its essence by simply calling it content,” he observed. Click for more updates and latestBollywood newsalong withEntertainment updates. Also getlatest newsand top headlines fromIndiaand around theworldatThe Indian Express.

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Veronica Villafañe, Contributor, Veronica Villafañe, Contributor https://www.forbes.com/sites/veronicavillafane/

Netflix’s ‘Berlín” Origin Story Set To Dazzle In December

Pedro Alonso is ready for action as the star of the prequel to Netflix's global hit 'Money Heist.'

https://www.forbes.com/sites/veronicavillafane/2023/11/29/netflixs-berln-origin-story-set-to-dazzle-in-december/

2023-11-29 08:55:58

(L to R) Samantha Siqueiros as Camile and Pedro Alonso as Berlín in a scene from the series. TAMARA ARRANZ/NETFLIX With a distinctive and hearty laugh, Spanish actor Pedro Alonso returns for actio… [+2554 chars]

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(L to R) Samantha Siqueiros as Camile and Pedro Alonso as Berlín in a scene from the series. With a distinctive and hearty laugh, Spanish actor Pedro Alonso returns for action in a just released Netflix trailer promoting his new series Berlín, the prequel to Casa de Papel (Money Heist). This series will transport viewers back in time to explore the origin story of a main character from one of Netflix's most popular series worldwide. I'm really looking forward to it, because the hedonistic Berlín, brilliantly portrayed by Alonso, was, in my opinion, one of the standout and wickedly fun roles. For Berlín, only two things are sure to turn a bad day into a great one: love and a payday worth millions - a motto he lives by and keeps him going and one surely to be exploited during his prime, before he learns of his illness and his fateful entanglement in the robbery of the Spanish Mint in Money Heist. The spinoff series follows one of Berlín's most extraordinary heists - making 44 million worth of jewels vanish - with the trailer hinting at the target being "the largest auction house in Paris." Netflix dropped the show’s first trailer and within hours, the English dubbed version racked up over 280,000 views - a lot more than Spanish trailers for Latin America and Spain, underscoring the global popularity of Money Heist and the pleasure-loving and witty Berlín. As the title character, Alonso is now the star of the show, deservedly so in a role that fits him perfectly. He leads a new gang that includes Michelle Jenner (Isabel) as Keila, an electronic engineering expert; Tristán Ulloa (Fariña) as Damián, a philanthropic professor and Berlín's confidant; Begoña Vargas (Welcome to Eden) as Cameron, a daring kamikaze; Julio Peña Fernández (Through My Window) as Roi, Berlín's faithful squire; and Joel Sánchez plays Bruce, the team's relentless man of action. Returning to their La casa de papel roles (in the past timeline) are cops Raquel Murillo (Itziar Ituño) and Alicia Sierra (Najwa Nimri). The ensemble cast is rounded out by Samantha Siqueiros (Señora Acero), Julien Paschal Un año, una noche), Masi Rodríguez, and Rachel Lascar (A través de mi ventana). Created by Álex Pina (La casa de papel, Sky Rojo) and Esther Martínez Lobato (La casa de papel, Sky Rojo), the eight episodes of the series are written by Álex Pina, Esther Martínez Lobato, David Barrocal, David Oliva and Lorena G. Maldonado and directed by Albert Pintó (Sky Rojo, Malasaña 32), David Barrocal (Sky Rojo) and Geoffrey Cowper (Day Release). Berlín premieres on Netflix on December 29.

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RT

Abortion ‘destroys the future’ – church leader

Abortion “destroys” the future of society, the leader of Russia’s largest Christian church said Read Full Article at RT.com

https://www.rt.com/russia/588175-patriarch-kirill-abortions-effects/

2023-11-29 04:24:07

Abortion is a genuine threat to society, Patriarch Kirill, the head of the Russian Orthodox Church, said on Tuesday.  “It is – without exaggeration – a real national disaster, which is destroying th… [+1373 chars]

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Abortion is a genuine threat to society, Patriarch Kirill, the head of the Russian Orthodox Church, said on Tuesday. Addressing a large gathering of officials, politicians, and activists in Moscow, Kirill called the termination of pregnancy a“national disaster”which destroys“the future of our society”and“our perception of the value of human life.” He added that the issue of abortion should be handled not only through“legal bans,”but also through“raising awareness in schools, fostering in children respect for human life, love for their parents, for their country, for our moral values and ideals.” Women in Russia have relatively unrestricted access to abortion. However, 47% of Russians say the government should enact measures to ‘prevent abortions’, while 39% oppose state regulation, according to a recent poll by the Russian Public Opinion Research Center (VTsIOM). A country of 146 million, Russia has seen a drastic decline in the number of terminated pregnancies over the course of the last two decades, with 506,000 abortions performed in 2022. Nevertheless, politicians and the church have been discussing measures to encourage women to have more children, citing the need to boost the population. President Vladimir Putin, who called the number of abortions an“acute”problem, has designated 2024 as ‘The Year of the Family’, focusing on programs aimed at helping families and promoting“traditional family values.” In August, the Russian region of Mordovia adopted a landmark law banning abortion“propaganda.”

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Expert Panel®, Forbes Councils Member, Expert Panel®, Forbes Councils Member https://www.forbes.com/sites/forbesbusinesscouncil/people/expertpanel/

15 Ways Leaders Can Form Solid Business Connections

Making a true commitment to relationships with industry peers is how professionals can form lasting connections.

https://www.forbes.com/sites/forbesbusinesscouncil/2023/11/29/15-ways-leaders-can-form-solid-business-connections/

2023-11-29 13:15:00

getty Outside of a desirable product or service, what drives a businesss success is relationships. No matter what industry you operate in, forming lasting connections with other businesses and profe… [+6899 chars]

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Outside of a desirable product or service, what drives a business’s success is relationships. No matter what industry you operate in, forming lasting connections with other businesses and professionals can lead to new opportunities for everyone. Between local events, conferences and online communities to name a few mediums available today, it’s easier than ever to establish and maintain solid business connections with peers. Below, 15 Forbes Business Council members each share one key to making the right business connections in your industry. 1. Prioritize Building Trust The best business connections are people who have seen that you are someone they can trust. Taking the time to slow down, really listen and then demonstrate not just your knowledge but more importantly, your ethics builds the strongest bridges. Those connections will invite you into their circles and vouch for you, and this is what generates the best business opportunities over the long term. - Michelle Bogan, Equity At Work 2. Understand Your Larger Goals It’s important to understand your goals for making the connection and identify the contacts or networks that share or complement them. Timing also plays a role in whether a connection is valuable. For example, to build or scale a board of directors, you need to identify the skills and profile that your business needs for its specific type or stage of growth. Doing so will direct you to the “right” connections. - Carla Bourque, Rebrandly Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify? 3. Stay True To Your Commitments In my experience, the key to making meaningful connections in the digital business process outsourcing and offshoring industry is always staying true to your commitments. Also, remain authentic and nurture your partnerships over time. I have maintained connections for over two decades in this industry and I have been able to forge and strengthen these connections and partnerships by working on them. - Dishant Bhojwani, IntouchCX 4. Focus On The Human Connection There is no right or wrong business connection. I meet people for the love of human connection. For me, industry events are an opportunity to travel and meet like-minded individuals whom I can learn something new from and build a healthy relationship with. The byproduct of the relationship is gaining opportunities for knowledge exchange and partnerships, as well as access to valuable resources, referrals and sales. - Noman Siddiq, Cloudlead, Inc. 5. Seek Out Similarities Identifying common denominators is the key to making the right business connections. Common denominators can be in the form of similar interests, which provide opportunities to help each other grow professionally and potentially learn about global scenarios. Establishing and nurturing these business connections enables a continuous learning curve and provides for a global perspective. - Sameer Zaveri, Datamotive.io 6. Be Visible Contribute to your industry by writing articles, speaking at events or hosting webinars. Attend various events like conferences, seminars and trade shows related to your industry. Visibility establishes you as an authority and attracts like-minded professionals. This leads to building strong, mutually beneficial business relationships, which is the goal. - Adam Povlitz, Anago Cleaning Systems 7. Build Relationships In Person I'm a huge proponent of face time. Build relationships with personal, impactful interactions that lead to strong, lasting relationships. Attend conferences and events to learn about trends and developments while meeting new prospective clients or partners. People are more likely to trust someone they've met in person, and trust is the fundamental building block for all great business interactions. - Chris Gerlach, Synergy Life Science 8. Attend Industry-Specific Events And Conferences In my experience, attending industry-specific events and conferences is key to making the right business connections. Being present and active in such forums allows for genuine interactions and the chance to learn from peers. As a result, these connections often lead to collaborations, partnerships or even new business opportunities, fostering growth and innovation in the sector. - Andrei Neacsu, HyperSense Software Inc. 9. Create A Digital Presence The best business connections come from people who did research about you and reached out to you directly. You can achieve this by creating a digital presence, content and social media channels. It's a lot easier to filter inbound connections versus outbound. Great minds think alike, so this is a great way to pitch about who you are by reaching a group of people rather than individuals. - Jesse Sasomsup, Earnest Homes 10. Network Networking is unquestionably essential. While being proactive, attending events and engaging with industry associations are all crucial, supporting peers in their pursuits is even more impactful. It fosters a sense of partnership and forges stronger, enduring bonds. - Nir Ayalon, Cydome 11. Engage Genuinely One key is genuine engagement. Show interest in others' work and offer help where you can. This builds trust, leading to collaborations, opportunities and shared learning. - Tomas Keenan, Step It Up Academy 12. Provide Value The key to making the right business connections in any industry is to provide value to those connections. For example, we received a referral from an industry connection and provided instant, quantifiable results to that referred client. This resulted in our connection being elevated in the eyes of our now mutual client. That industry connection instantly became our top referral source. - 'Smitty' Robert J. Smith, Robert J. Smith Productions 13. Get Involved One key to making the right business connections in your industry is to get involved. Network, build relationships, attend events, join professional organizations and be an active member of your local community. These types of events provide organic opportunities to meet, connect with and build relationships in your industry. - Matthew Davis, GDI Insurance Agency, Inc. 14. Prioritize Curiosity Over Immediate Needs The key is focusing on genuine curiosity over time rather than prioritizing immediate needs. Waiting leads to desperate, transactional connections that reduce the opportunity for true connection and community. Integrating networking into daily life fosters authentic relationships based on trust. These connections create a supportive community, shared knowledge and enduring success, enhancing opportunities in the industry. - Amber Brown, Grant Cardone Licensee 15. Put Effort Into Maintaining Your Relationships Nurture and maintain a positive relationship with the people you meet. Try sending them messages once a month and ask about their day. Have coffee with them and talk about your businesses or personal lives. Aim to build lasting connections and friendships instead of just simply connecting. - Pavel Stepanov, Virtudesk