Why Exicom shares surge 15% sharply today? Details here
The board approved raising up to ₹260 crore through a rights issue of equity shares. This offer will be extended to existing shareholders, with the exact terms—including issue price, entitlement ratio, record date, and payment structure—to be finalized by a newly formed Rights Issue Committee.
In another move, the board cleared the conversion of an unsecured loan of approximately ₹283.20 crore (including interest) into equity shares of its wholly owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. The subsidiary operates in the electric vehicle segment.
The conversion will take place in tranches and is subject to regulatory approvals under the Foreign Exchange Management Act (FEMA). Shares will be issued at a par value of €1 each. The transaction will not require fresh cash outflows and is aimed at improving liquidity and reducing interest burden at the subsidiary level.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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Yahoo
a day ago
- Yahoo
Will FEMA help with disaster assistance after Wisconsin floods? What to know.
MADISON – After historic flooding in the Milwaukee area, Gov. Tony Evers' administration is assessing the extent of damage − a process that could qualify area residents for federal disaster aid. Milwaukee and other parts of Wisconsin were hit with massive volumes of rain Saturday and Sunday, leading to flash flooding, power outages and a slew of closures and cancelations. Parts of Milwaukee saw more than 10 inches of rain in less than 24 hours in what is classified as a 1,000-year flood event. Some residents affected by the flooding may look to the Federal Emergency Management Agency, also known as FEMA. Here's what you need to know about FEMA and when a disaster qualifies for federal aid. What is FEMA? FEMA is a U.S. government agency focused on coordinating disaster response and recovery efforts. FEMA's assistance is initiated by an official request made by a state, tribal or territorial government. FEMA does not automatically respond to every disaster, according to the agency website. State and local officials can issue emergency declarations to immediately mobilize local resources and implement emergency plans. If a disaster overwhelms state and local capacity, officials may request a presidential declaration, the agency said. A presidential declaration triggers a federal response, providing additional resources and support. Federal agencies work with state and local governments affected by the disaster to assess damage, determine needs and allocate aid. Unlike an emergency declaration, which can be issued before or immediately after a disaster, a presidential declaration can take a few days or even weeks to be issued. What is the eligiblity requirements to receive FEMA assistance from the Individuals and Households Program? If a disaster is declared, the following criteria must be met to be eligible for individual assistance from FEMA: No other assistance: You may receive FEMA assistance only for needs not met by an insurance company or other similar reimbursement program. Occupancy: You must have been living in the damaged property as your primary residence at the time of the disaster. Ownership: You must own the damaged property or rent it. Disaster damage: Your home must have sustained disaster-caused damage that is not covered by insurance. U.S. Citizenship or legal residency: You must be a U.S. citizen, non-citizen national, or qualified alien, according to FEMA. Specific eligiblity requirements may vary depending on the type of disaster and federal regulations. You can check your elibiblity for assistance and apply by doing one of the following: Online at Calling the FEMA Helpline at 1-800-621-3362, 7 a.m. to 10 p.m. (your time zone), seven days a week. Due to high call volume during a disaster, please expect longer wait times. The agency recommends calling in the morning or evening. During a disaster, the quickest way to get answers about assistance eligibility is usually by visiting a Disaster Recovery Center (DRC). The wait time at these centers is usually shorter, and they also have in-person, one-on-one FEMA representatives. To find the closest center, use the online locator: Download the FEMA app for mobile devices. FEMA cannot provide assistance for disaster needs that have been met by another source such as insurance or other programs. But, if your insurance or another program does not cover all your disaster-caused needs, individuals may be eligiable for assistance from FEMA, according to the agency. When you apply for FEMA assistance, you must tell FEMA about any insurance coverage you have that can help with your needs. If you have insurance coverage, you will need to give FEMA proof of the insurance settlement or a letter explaining you were denied coverage before FEMA can determine what kind of assistance you are eligible for. Has an emergency declaration been made for Milwaukee County floods? Emergency declarations are made based on damage assessments and the request of local partners, according to the governor's office. While Milwaukee County Executive David Crowley declared a state of emergency throughout the county on Aug. 10, no formal request for a state emergency declaration had been made to the governor's office as of Monday morning. Evers' spokeswoman Britt Cudaback told the Milwaukee Journal Sentinel that at this time Wisconsin Emergency Management, the state's agency responsible for administering disaster relief funds, is in the early stages of the damage assessment process and the governor's office will continue to monitor the situation for any declaration needs. But even if Wisconsin makes a state emergency declaration, that doesn't necessarily mean FEMA will provide federal support. To receive federal aid once a state declaration is made, damage must exceed a certain threshold to qualify. Jeff Fleming, a spokesman for the Milwaukee mayor's office, told the Journal Sentinel city officials talked to the governor's staff Aug. 10 about advancing an emergency declaration and that a formal declaration for a state emergency delcaration from Milwaukee County is likely to come soon. A spokesman for Crowley did not immediately respond to the Journal Sentinel. Anna Kleiber can be reached at akleiber@ This article originally appeared on Milwaukee Journal Sentinel: Will FEMA help with disaster assistance after Wisconsin floods? Solve the daily Crossword
Forbes
3 days ago
- Forbes
The Luxury Resort Aman Rosa Alpina Opens In The Dolomites
Aman Rosa Alpina Aman Rosa Alpina A historic mountain retreat, Aman Rosa Alpina sits in the village of San Cassiano among Italy's UNESCO-protected Dolomites, honoring a legacy that spans almost a century while reimagining it for the discerning Aman guest, the hotel is a tribute to luxury Alpine hospitality. Aman Rosa Alpina Aman Rosa Alpina The hotel's design, led by longtime Aman collaborator renowned architect Jean-Michel Gathy of Denniston, was created to promote peach and connection to nature, embracing the Dolomites – in both views and the sense of serenity. As such, there are spacious balconies and floor-to-ceiling windows that offers views of the landscape, and respond to the light of the mountains, while façades clad in timber and accented with dark metal give a contemporary feel. Inside, layers of stone, textured plaster and Italian artisanal detailing bring warmth and tranquility. Each of the hotel's 51 Rooms, Suites and Signature Suites, draws influence from the surrounding landscape, with the summit being the Aman Suite, the largest in the hotel, with two king-bedrooms, ensuite bathrooms with steam showers (one with a soaking tub), a dining area for six and a large south-facing terrace. On the opening, Vlad Doronin, Chairman and CEO of Aman Group, says, 'The opening of Aman Rosa Alpina is the realisation of a vision that has been years in the making.' He continues, 'I first experienced the magic of this property as a guest many years ago and developed a lasting friendship with the Pizzinini family. What started as admiration evolved into a shared ambition – to honour the legacy but also elevate this timeless mountain retreat. With its exceptional location in the heart of the Dolomites, we saw the opportunity to create a sanctuary that reflects both the heritage of the region and the essence of Aman. Rooted in our brand's commitment to timeless design, intuitive service and transformative experiences, Aman Rosa Alpina now begins its next chapter - welcoming guests into a place of peace, privacy and enduring beauty.' Aman Rosa Alpina Mountainscape Aman Rosa Alpina A longstanding symbol Alpine hospitality, the historic hotel, formerly known as Rosa Alpina has been in the Pizzinini family since 1939, with Hugo and Ursula Pizzinini remain at the helm, they say of the new iteration, 'The evolution of hotel into Aman Rosa Alpina marks a meaningful and carefully considered new chapter. As custodians of this beloved mountain retreat, it is a privilege to see it evolve under Aman – a brand that shares our deep reverence for place and commitment to excellence. This partnership allows us to celebrate our family's legacy and three generations of hospitality, while embracing a future shaped by Aman's uncompromising attention to detail and global perspective. Our mission remains the same: to preserve the authenticity and spirit of the region and for guests, past and future, to experience the timeless beauty of the Dolomites.' Aman Rosa Alpina Mountainscape Aman Rosa Alpina Complete with gastronomy led by Executive Chef Gianluca Salvato, the cuisine ranges from traditional Alpine indulgences to Italian specialities, complemented by an extensive wine selection. The Grill offers hearty fare, while Il Salotto serves an all-day menu and transforms into a piano bar at night, and for breakfast there's the Heritage Room. This offering sits alongside the intimate Divino Room, a connoisseur's library designed for exclusive wine experiences and private dinners, and next door is the wood-panelled Cigar Lounge which overlooks the forest courtesy of its floor-to-ceiling windows. Also, an upcoming opening this winter is Akari that'll serve authentic Japanese Shabu Shabu dining. Of course, an Aman wouldn't be an Aman without a dedicated wellness space, and this one covers 1,684 sqm across two levels. It dons seven treatment suites, a spectacular 20m heated outdoor infinity pool plus indoor and family pools, as well as hydrotherapy facilities including a Finnish sauna, steam bath and jacuzzi, outlined by a mountainscape. Hugo Pizzinini, Co-Owner and Managing Director at Aman Rosa Alpina tells us more about this storied property. Felicity Carter: How does Aman Rosa Alpina fit into the brand philosophy while sitting in the Dolomites? Hugo Pizzinini: Aman's ethos has long been about creating sanctuaries that exist in harmony with their surroundings, becoming an extension of the environments, they call home. In following this approach, Aman Rosa Alpina helps guests connect deeply with the Dolomites, experiencing the destination at its most authentic. The hotel has achieved all these things by honouring the region's heritage in many ways – from spa treatments that make use of local herbs to its dining scene which draws on alpine tradition. Of course, Aman sanctuaries are also renowned for their space, peace and privacy, and this is something the Dolomites has naturally in abundance. Our property furthers this experience, harnessing the serenity of the surrounding mountains with muted interiors, in service that is both genuine yet discreet, and through experiences that showcase the very best of the region from a local perspective. Aman Rosa Alpina Mountainscape Aman Rosa Alpina FC: What are your favourite details about the property? HP: One of my favourite details is the tactility of the property's interior, designed to draw the outdoors in through use of natural materials. In doing so, there are an abundance of beautifully textured surfaces, with soft local woods and large slabs of stone creating a real warmth throughout. When you look closer you can almost peel back these layers, as if a mirror image of the mountains that surround. More practically, our Mountain Cabins are another favourite feature that many don't know about it. Belonging to the Pizzinini family, guests can opt to spend the afternoon hiking and then enjoy private dining in their chosen cabin, with a dedicated chef on hand to create a true alpine feast in complete mountain solitude. For me, this is a rare, must-do experience combining both culinary discovery and an adventure in the great outdoors. Aman Rosa Alpina Aman Rosa Alpina FC: Are there signature experiences here you can't find at any other Aman? HP: More or less all of our experiences are uniquely curated for our location. Only here are guests able to access the Dolomiti Superski region with our bespoke Ski Butler service and enjoy access to our dedicated Ski Lounge, making for the most effortless of winter sports experiences. Only here are they able ascend our via ferrata routes with local mountain guides whose families have called the Dolomites home for centuries. From heli-skiing across remote peaks to private dining in a traditional alpine hut, all of our guest experiences are exclusive to Aman Rosa Alpina guests. Aman Rosa Alpina Aman Rosa Alpina FC: Tell us about the culinary offering, and any local ingredients or dishes guests should try? HP: The resort's dining scene is really a combination of Aman's global sensibility and the soul of our alpine setting. Guided by Executive Chef Gianluca Salvato (who trained under legendary chef, Norbert Niederkofler), guests begin their day in the Heritage Room with home-baked pastries and, one of my favourite dishes to set you up for a day in the Italian Alps, scrambled eggs with caviar. Throughout the day, they can then choose from a host of venues to suit their mood. Aman Rosa Alpina Aman Rosa Alpina The Grill is the perfect place to gather with family to enjoy recipes passed down through generations. As an Italian, the Guazzetto all'Italiana (Italian Seafood Stew) is close to my heart. In contrast, Il Salotto provides a laidback, day-to-night dining space for light fare, coffee and cocktails. For me, there is no better place to end the day than here, listening to live music from the piano and sharing a selection of locally sourced cheeses, charcuterie and our chef's own, seasonal jams. Aman Rosa Alpina Aman Rosa Alpina FC: How do you collaborate with the local community and tap into the culture? HP: Our connection to San Cassiano village and the Alta Badia region is at the heart of everything we do. From working closely with local farmers and artisans to source ingredients and materials, and collaborating with mountain guides, ski instructors and wellness practitioners with generations of experience in the region. These partnerships help bring authenticity to the guest experience and ensure that every day brings with it a new story. Aman Rosa Alpina Aman Rosa Alpina FC: Has the property have anything planned for the rest of the year? In winter 2025, we look forward to welcoming Akari, a Shabu Shabu concept, to our dining scene. We're really excited for it to open and bring a Japanese-inspired contrast to traditional alpine indulgences. Aman Rosa Alpina Aman Rosa Alpina Address: Aman Rosa Alpina, Strada Micurà de Rü, 20, 39036 San Cassiano BZ, Italy How To Get There Venice Marco Polo Airport (VCE) – the airport is about 2.5 hours' drive from the hotel, has offers the widest range of international flights. British Airways flies from London Heathrow to Venice from £54 each way including taxes and carrier fees. Innsbruck Airport (INN) – around 2 hours' drive, and is best situated for northern Dolomites. British Airways flies from London Gatwick to Innsbruck from £66 each way including taxes and carrier fees. For private arrivals, helicopter transfers are also available from Bolzano, Innsbruck, Venice, and Milan. Other activities: A year-round destination, in the warmer months allows for hiking, bike forest trails, tackle via ferrata routes, and golfing at Alta Badia. In winter San Cassiano opens onto Dolomiti Superski's 1,200km of slopes and 450 lifts; guests can use the Ski Butler for gear and transfers, warm up in the Ski Lounge, or try ice climbing, snowshoeing, and skating. What to wear: Go full look with Fusalp, the ski and fashion tech clothing brand for men and women, founded in 1952 in Annecy it has kitted the pros. Or, keep it Italian with Colmar, the heritage label founded in Monza in 1923, which has also supplied elite athletes.
Business Upturn
3 days ago
- Business Upturn
Nifty top gainers and losers today, August 14: Wipro, Eternal, Infosys, HDFC Life among top performers
Indian equity markets ended marginally higher on August 14, with the Nifty holding above the 24,600 mark. At the close, the Sensex rose 57.75 points, or 0.07%, to 80,597.66, while the Nifty gained 11.95 points, or 0.05%, to settle at 24,631.30. Here's a look at Nifty top gainers and losers that drove the day's action (as per Trendline) for the day: Among the top gainers, Wipro emerged as the biggest performer, rising 2.1% to ₹246.8. Eternal followed with a 1.9% jump to ₹318.4, while Infosys advanced 1.5% to ₹1,448. HDFC Life Insurance gained 1.5% to ₹788, and Asian Paints added 1.1% to ₹2,528.7. Maruti Suzuki climbed 0.8% to ₹12,936, while State Bank of India and Eicher Motors each rose 0.6% to ₹826.6 and ₹5,746.5 respectively. HDFC Bank gained 0.6% to ₹1,991.1, and Titan Company closed 0.5% higher at ₹3,485. On the losers' side, Tata Steel was the biggest drag, slipping 3.1% to ₹155.3. Adani Ports dropped 1.4% to ₹1,301.4, and Tech Mahindra declined 1.3% to ₹1,486.7. Hero MotoCorp shed 1.3% to ₹4,708.1, while Bharat Electronics fell 1% to ₹384.9. Tata Consumer Products and Jio Financial Services each declined 1% to ₹1,045.4 and ₹327.4 respectively. ONGC slipped 0.9% to ₹236.6, UltraTech Cement eased 0.8% to ₹12,299, and HCL Technologies closed 0.8% lower at ₹1,489. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash EternalHDFC LifeInfosysWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
