Latest news with #155
Hans India
24-05-2025
- Business
- Hans India
BEL, Trent to replace IndusInd, Nestle in Sensex
Mumbai: Trent Limited and Bharat Electronics Ltd (BEL) are set to join the 30-stock benchmark Sensex, replacing IndusInd Bank Ltd and Nestle India Ltd, as part of the latest index reshuffle announced by the Bombay Stock Exchange (BSE). The changes will take effect from June 23. This reshuffle is part of the regular rebalancing of the 30-stock benchmark index, which aims to reflect the changing dynamics of the Indian stock market. As part of this change, significant buying and selling activities are expected around the implementation Group's apparel retail company Trent is expected to receive strong capital inflows of about $278 million, or nearly Rs 2,400 is 2.5 times its average daily trading volume, as per estimates by IIFL Alternate Desk. Similarly, Bharat Electronics (BEL), a key player in the defence sector, may see inflows worth $275 million, which is 3.1 times its usual daily shares have already risen nearly 37 per cent in the last six the other hand, Nestle India may witness outflows worth $210 million or Rs1,800 crore. This amount is 7.7 times its average daily volume. The stock has gained only about 5 per cent over the last six months. IndusInd Bank, which is under scrutiny over suspected fraud and governance concerns, may see an outflow of $135 million, or Rs1,155 crore. Apart from the changes in the Sensex, BSE has also made adjustments in other indices. Dixon Technologies, Coforge, and Indus Towers have been added to the BSE-100 index, while Bharat Forge, Siemens, and Dabur India have been dropped. Updates have also been made to the Sensex 50, Sensex Next 50, and Bankex indices. Such index changes are important because they influence the movement of funds. Mutual funds and exchange-traded funds (ETFs) that track these indices must adjust their portfolios to match the new composition. This rebalancing often starts a few days before the official implementation date.
Hans India
18-05-2025
- Hans India
Crackdown on drug cartels in three Gujarat cities, several arrested
The Gujarat State Monitoring Cell (SMC) has registered three new NDPS cases within 24 hours in Juhapura (Ahmedabad), Mehsana, and Surat, and has arrested several suspects while seizing significant amounts of illegal narcotics, said state Home Minister Harsh Sanghavi on Sunday. Since its establishment as an independent police station with special powers in January, the SMC has unearthed 12 major NDPS (Narcotic Drugs and Psychotropic Substances) cases in four months. In these operations, authorities have arrested 25 individuals linked to drug cartels and peddling, including two Nigerian nationals. Seized contraband includes cocaine, MD, mephedrone, cannabis, and opium alkaloids with an estimated street value of Rs 4.14 crore. Minister Harsh Sanghavi, while lauding the operation, said, 'The Gujarat government has launched a full-scale war on drugs under the leadership of Chief Minister Bhupendra Patel. The SMC has not only filled a crucial enforcement gap but is also outpacing local police efforts in tracking and intercepting drug movements. This battle is far from over -- and we are fully committed.' In Sunday's action, the SMC cracked down on three locations -- Juhapura in Ahmedabad, Mehsana, and Surat -- arresting several suspects and seizing significant amounts of illegal narcotics. These latest cases are part of a broader strategy to cleanse Gujarat of organised drug activity, he said. Minister Sanghavi also praised SMC Chief Nirlipt Rai and the team working under the direct supervision of DGP Vikas Sahay, calling the results 'a remarkable achievement' and a sign of growing efficiency in Gujarat's anti-drug apparatus. 'Not a single gram of drugs should be available in our state,' Sanghavi emphasised. 'The SMC team has successfully tracked and intercepted operations that slipped past the radar of local police. This sharp vigilance and execution are exactly what's needed to crush drug mafias.' Initially tasked with curbing alcohol smuggling, gambling, and betting rings, the SMC has now been empowered to act as a full-fledged police station with a sharp focus on organised crime, especially drug trafficking. With this mandate, it has stepped up investigations, leading to multiple high-profile busts and seizures. Over the past several years, Gujarat has intensified its efforts to combat drug trafficking, leading to substantial seizures and numerous arrests. Between October 2021 and December 2024, authorities confiscated approximately 87,607 kilograms of narcotics valued at Rs16,155 crore, resulting in the arrest of over 2,500 individuals. In 2024 alone, 757 individuals were arrested under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. The Anti-Terrorism Squad (ATS) notably seized narcotics worth Rs 482 crore over the past two years, including 60.3 kg of methamphetamine and 173 kg of charas. The state has also implemented a Narcotics Reward Policy to encourage public participation in reporting drug-related activities. Since its inception in 2021, over Rs 11 crore has been awarded to 970 informants who provided actionable intelligence leading to significant drug seizures.
The Star
13-05-2025
- The Star
A total of 130 reports lodged against spa chain, say Johor cops
JOHOR BARU: Police have received 130 reports from victims who claimed to have been cheated by a healthcare centre since early May this year. "Johor police have received 130 reports made against the chain since early this month, with losses valued at RM698,155," Johor police chief Comm Datuk M. Kumar said on Tuesday (May 13). Comm Kumar said victims were charged according to the "treatment packages" they chose, which could be done at any of the company's branches nationwide. "Victims only realised they had been cheated when they could not contact the chain to set up appointment dates," he said. He added that the chain ceased operations of all its outlets without notice. Comm Kumar added investigations are ongoing under Section 420 of the Penal Code for cheating. On Monday (May 12), more than 50 police reports were lodged against the spa and wellness chain for allegedly failing to deliver services after collecting tens of thousands of ringgit from customers.
TimesLIVE
07-05-2025
- Automotive
- TimesLIVE
Rivian and Lucid flag increasing costs as Trump tariffs bite
US President Donald Trump's administration introduced 25% tariffs on imported vehicles and car parts. Last week, Trump signed two orders to soften the blow, with a mix of credits and relief from other levies on materials. In the face of uncertainty, several carmakers, including Tesla, have also said they were reassessing their full-year targets. Rivian on Monday said it would invest $120m (R2,182,770) to bring its key parts suppliers near its plant in Illinois as it prepares to produce its smaller, more affordable R2 SUVs next year. Lucid is also gearing up to launch a midsize vehicle with a target price of about $50,000 (R909,487) next year. However, Winterhoff said Lucid might start production of the vehicle in Saudi Arabia, a major market for and an investor in the EV maker, instead of the US, given tariff costs, though that plan was not final. A successful rollout of affordable vehicles is seen as critical for the two EV makers. Lucid and Rivian reported smaller-than-expected losses on an earnings-per-share basis in the first quarter as they doubled down on slashing costs. Rivian, which is also benefiting from a $5.8bn (R105,509,256,960) software joint venture with Volkswagen, reported a gross profit of $206m (R3,747,356,155) and stuck to its target of modest gross profit this year. The company, however, increased its forecast for capital expenditures for the year to between $1.8bn (R32,763,777,480) and $1.9bn (R34,583,990,000), as tariffs hurt its plant expansion costs, from between $1.6bn (R29,138,640,000) and $1.7bn (R30,966,604,320) predicted earlier.
Saudi Gazette
19-02-2025
- Business
- Saudi Gazette
216 million POS transactions in Saudi Arabia in a week
Saudi Gazette report RIYADH — The number of point of sale transactions in Saudi Arabia during the week between February 9 and 15 amounted to 216,651,000, with a value of SR13,320,771,000, compared to SR13,732,155,000 during the same period last year. According to Saudi Central Bank's weekly bulletin on points of sale, the number of transactions in clothing and footwear reached 6,368,000, with a value of SR844,146,000, building materials reached 1,755,000, with a value of SR378,464,000, and education 145,000 with a value of SR132,592, number of operations in electronic and electrical devices reached 1,160,000 with a value of SR164,048,000, gas stations 16,400,000 with a value of SR933,109,000, health sector 8,176,000 with a value of SR808,336,000, and furniture reached 1,405,000 with a value of SR347,996, the number of operations in hotels was 711,000 with a value of SR359,803,000, public utilities 766,000, with a value of SR56,651,000, jewelry 213,000, with a value of SR297,396,000, and in various goods and services reached 22,498,000, with a value of SR1,609,308, number of operations in entertainment and culture reached 2,826,000 worth SR267,474,000, restaurants and cafes 62,073,000 worth 1,936,425,000, food and beverages 49,564,000 worth SR1,977,627,000, communications 1,807,000 worth SR108,605,000, and transportation 2,846,000 worth SR695,193,000, while the number of other operations was 37,939,000 worth SR2,403,597, the level of Saudi cities, the number of weekly point-of-sale transactions in Riyadh reached 69,483,000, with a value of SR4,739,420,000, in Makkah reached 8,715,000, with a value of SR556,390,000, while the number of point-of-sale transactions in Madinah reached 8,737,000, with a value of SR529,680, number of POS transactions in Tabuk reached 4,577,000, worth SR242,955,000, in Hail reached 3,664,000, worth SR200,701,000, in Abha reached 3,014,000, worth SR149,975,000, in Buraidah reached 4,820,000, worth SR305,116, number of POS transactions in Al-Khobar reached 4,584,000, worth SR376,708,000, in Dammam reached 9,006,000, worth SR659,977,000, the in Jeddah reached 26,252,000, worth SR1,916,028,000, in other cities reached 73,801,000, worth SR3,643,821,000.
