Latest news with #363
Gulf Today
23-05-2025
- Business
- Gulf Today
Pension payments for May to be disbursed Tuesday: GPSSA
The General Pension and Social Security Authority (GPSSA) announced that a total of Dhs831,363,259.82 worth of pension payments will be disbursed on Tuesday 27th May 2025, an increase of Dhs52,814,510 from May 2024, when pension payments totalled Dhs778,548,749.06. The payments will benefit a total of 49,910 pensioners and beneficiaries, an increase of 1,760 from the 48,150 who received disbursements in May 2024. Pension payments are disbursed to civilians subject to the laws implemented by the GPSSA as well as to eligible pensioners and beneficiaries whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension laws by which they are subject to. WAM
Daily Express
17-05-2025
- Daily Express
7 house-breaking cases solved: Cops
Published on: Saturday, May 17, 2025 Published on: Sat, May 17, 2025 By: Clarence Dol Text Size: RANAU: Swift action by police led to the arrest of two local men on suspicion of being involved in several housebreaking cases in the district. Police believe with the arrests they had successfully solved seven reported cases involving an estimated RM149,363. Advertisement The first suspect had six past criminal records involving drug cases, robbery and housebreaking, while the second did not have any criminal record. Also seized were various items believed stolen such as jewelry, foreign currency cash, vehicles and several important documents of the housebreaking victims. One of the suspects was found positive for Methamphetamine and Amphetamine. This success is the result of the efficiency and commitment of the Ranau IPD BSJD team in combating criminal activities and ensuring public safety in this district. Advertisement The community is advised to continue to cooperate in channeling information on criminal activities in this district to the PDRM. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
13-05-2025
- Sport
- Yahoo
Why a shockingly small number of NCAA basketball players declared for the 2025 NBA Draft
The 2025 NBA Draft may look a little bit different than previous years because the college basketball landscape is changing rapidly and dramatically. Collegiate prospects who fully exhausts their college eligibility and international prospect who turns 22 years old in the calendar year of the draft are considered automatically eligible. But all other prospects had until April 26 at 11:59 p.m. ET to declare as early entry candidates. Advertisement There were only 106 names that appeared on this list, which is actually a shockingly low number. For comparison, per ESPN's Jonathan Givony, that is the lowest total number of initial early entry candidates since 2015. The NBA received as many as 363 candidates just four years ago in 2021. Among those 106 names, meanwhile, only 73 played college basketball last season. Then, from that group, those players have until May 28 at 11:59 p.m. ET to withdraw from the draft if they wish to play in the NCAA next season. After the 2025 NBA Draft Combine in Chicago, many of them will ultimately take that opportunity. Advertisement From the 73 collegiate players who will at least test the waters of the 2025 NBA Draft, 29 of them (e.g. Darrion Williams, Boogie Fland, RJ Luis, PJ Haggerty) are also in the transfer portal. Even within that group, 19 of those players (e.g. Yaxel Lendeborg, Chad Baker-Mazara, Tayton Conerway, and Silas Demary Jr.) have already made commitments to new schools. The reality is that many of the best players in college basketball can earn more money on name, image, and likeness deals as collegiate stars than they would have in the first year of their rookie contracts or two-way deals in the pros. For example, Texas Tech's J.T. Toppin will reportedly receive more than $4 million from NIL to return to Texas Tech. That is more than whoever becomes the No. 19 pick in the 2025 NBA Draft will receive on his rookie scale deal, and that is higher than where Toppin was projected in most mocks. Some other notable names who did not appear on the early entry list include Alex Karaban (who will return to UConn) and Ian Jackson (who will transfer from North Carolina to St. John's). Advertisement This is good news for talent evaluators, good news for college basketball fans, good news for NBA pro teams, and good news for college basketball players. While it might mean a longer journey to the NBA unless you are a bona fide top pick like Cooper Flagg, the current system allows for more development time while still receiving a big paycheck. Meanwhile, for more prospect coverage, here is our latest NBA mock draft at For The Win. The best takes and the sharpest bets on all the hoops storylines you need to know. Sign up for our Layup Lines newsletter, hitting your inbox on Mondays, Wednesdays and Fridays. This article originally appeared on For The Win: Why so few college basketball players declared for the 2025 NBA Draft
Time of India
27-04-2025
- Business
- Time of India
MRPL achieves record operational performance despite dip in annual profit
MRPL announced its FY 2024-25 results, achieving record crude throughput of 18.044 MMT and improved operational efficiency. Revenue increased to Rs 1,09,277 crore, but profit after tax declined to Rs 51 crore. MANGALURU: Mangalore Refinery and Petrochemicals Limited ( MRPL ), a subsidiary of ONGC and a Schedule 'A' Mini Ratna company, announced its financial results for the fourth quarter and full financial year 2024-25 at its 269th Board Meeting held on Saturday. MRPL reported several operational milestones during the year. The company achieved its highest-ever gross crude throughput of 18.044 million metric tonnes (MMT) during FY 2024-25, surpassing its previous record of 17.116 MMT in FY 2022-23. The distillate yield improved to 81.93 percent, while aviation turbine fuel (ATF) production increased to 2.72 MMT. Production of reformate and 95 RON MS from the aromatic complex rose to 1.20 MMT, and benzene production touched 0.21 MMT. MRPL also achieved its lowest specific energy consumption (MBN) of 70.71 since Phase-3 commissioning, demonstrating further operational efficiency. Key infrastructure projects, including a new bitumen train and the PFCC Wet Gas Scrubber , were successfully commissioned during the year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo In the marketing segment, MRPL commissioned the Devangonthi Marketing Terminal, enabling dispatch of MS, HSD, and ATF products. It also expanded its retail network by commissioning 66 new retail outlets, including three in Tamil Nadu , taking the total number of operational outlets to 167. Financially, MRPL's revenue from operations for FY 2024-25 stood at Rs 1,09,277 crore, an increase from Rs 1,05,223 crore in FY 2023-24. However, the company's profit after tax (PAT) dropped significantly to Rs 51 crore, compared to Rs 3,596 crore in the previous fiscal. The gross refining margin (GRM) for the year was US$ 4.45 per barrel, down from US$ 10.36 per barrel in FY 2023-24. For the fourth quarter (Q4 FY 2024-25), MRPL reported revenue from operations of Rs 27,601 crore, compared to Rs 29,190 crore in Q4 FY 2023-24. The profit before tax stood at Rs 584 crore against Rs 1,766 crore in the previous year's corresponding quarter. Profit after tax for Q4 was Rs 363 crore, lower than Rs 1,137 crore recorded a year earlier. The GRM for the quarter was US$ 6.23 per barrel, compared to US$ 11.35 per barrel in Q4 FY 2023-24.
Time of India
23-04-2025
- Business
- Time of India
Smart accumulation or euphoria? Retail investors hike stakes in 363 smallcap stocks in Q4
Retail investors raised their stakes in 363 stocks within the BSE Smallcap index during the January–March quarter, while reducing holdings in 361 stocks, according to Ace Equity data analyzed by ETMarkets. This near-even split suggests a cautious return of risk appetite, with investors engaging in selective buying after a sharp correction, though without signs of irrational exuberance. The BSE Smallcap index, which represents the bottom 15% of the total market capitalization of the BSE AllCap, includes 939 stocks. Of these, shareholding data for 730 companies as of the March quarter is available, while the rest are yet to disclose their latest shareholding pattern. The most notable increases in retail holdings were seen in Vakrangee (up 6.5%), One Mobikwik Systems (up 6.3%), and Spandana Sphoorty Financial (up 6%). In 66 other stocks, the retail holding has gone up by 1% or more and up to 4.94%. Some of these stocks include Dreamfolks Services, DAM Capital Advisors, EKI Energy Services, Jindal Drilling & Industries, Samhi Hotels Aarti Pharmalabs, Hindustan Construction Company, Barbeque-Nation Hospitality, KRN Heat Exchanger and Refrigeration and Computer Age Management Services (CAMS). The other widely tracked smallcap stocks that have seen retail ownership go up QoQ in the quarter gone by are PVR Inox, Jupiter Wagons, Balu Forge Industries, Can Fin Homes, Texmaco Rail & Engineering, Angel One, and Sobha between 2.2% and 0.92%. By retail ownership, we mean individual investors holding shares worth Rs 2 lakh in a company. "The rise in retail holdings across smallcaps signals a return of risk appetite post the sharp correction earlier this year. Trump's tariff pause was the catalyst—but what's striking is the selectivity as investors are clearly differentiating, not rushing blindly. This isn't euphoria—it's opportunistic repositioning after valuations reset," Anirudh Garg, Partner and Fund Manager at Invasset PMS, said, commenting on the prevailing trends. To give some perspective, the BSE Smallcap index fell 29% from a peak of 57,827.69 on October 1, 2024, to hit the lows of 41,013.68 on April 7, 2025. While they are still down 18% (index level) from the peak, smallcaps have clawed back from the bear territory. A 20% or higher fall is seen to be a bear zone for stocks/indices. Kush Gupta, Director at SKG Investment & Advisory expects the trend of increased retail shareholding to last longer than one expects. In his view, investors remain confident about the space notwithstanding a one-sided correction for the past 4 months, which led to 40-50% downfall in prices of several stocks. "We are seeing a larger allocation to smallcap space in portfolios than ever before, it is no longer a space that is only considered investable by HNIs or large family offices who can afford to risk their capital a little more than the retail investors. This democratisation of small cap is a huge shift in the industry and we will witness capital allocation to this space at a faster speed than we have before. It is safe to say that investors are seeing value investment opportunities in small caps returning back after witnessing a selling cycle," he added. The BSE Smallcap index has already recovered 20% from the lows and on Tuesday closed at 49,143.12. Smallcaps with QoQ cut in retail holding The sharpest cut of 16% in retail shareholding was seen in Embassy Developments and it was followed by MM Forgings and Kamdhenu with 14% and 8% QoQ drop. In 40 other stocks, the cut was between 7% and 1%. Among them are MAS Financial Services, Sundrop Brands, Kitex Garments, Camlin Fine Sciences, Shaily Engineering Plastics, The South Indian Bank, RBL Bank, Restaurant Brands Asia, Suyog Telematics, Aditya Vision, GRM Overseas, Vimta Labs, Coffee Day Enterprises, Aavas Financiers, Ujjivan Small Finance Bank, Thangamayil Jewellery and Prataap Snacks. The other widely tracked smallcap stocks that have seen retail ownership go down sequentially in the January-March quarter include CarTrade Tech, Nazara Technologies, Poonawalla Fincorp, Gujarat State Fertilizers & Chemicals, Anand Rathi Wealth, Bharat Dynamics, Nuvama Wealth Management, Garden Reach Shipbuilders & Engineers, Birlasoft, Cochin Shipyard, and Honasa Consumer. The stake has dipped between 1.4% and 0.15% Also Read: Market volatility hits high beta stocks as 92% scrips fall up to 66% from peaks. These 2 risks loom Status quo stocks Meanwhile, there has been no change in retail holdings in these six stocks viz. Blue Dart Express, Elantas Beck India, Kirloskar Industries, Praj Industries, Rama Steel Tubes, and Uniphos Enterprises. Time to make positional bets? Trump's tariff scare still lingers as the 90-day pause will end in July. The domestic markets have stablised as Foreign Institutional Investors (FIIs) have made a comeback to the domestic market. They have purchased Indian equities for the past five trading sessions, pumping in Rs 17,251 crore. The IMF has revised India's FY26 GDP growth forecast downwards to 6.2% due to trade tensions and US tariffs, with a further reduction to 6.3% projected for FY27. Prior to this, the Reserve Bank of India (RBI) and ratings agency Fitch had cut their estimates on India. In the case of market turmoil or economic slide, the preference could shift to largecap counters. Garg is of the view that the current set-up justifies selective positional bets on smallcaps amid caution. "Valuations have reset meaningfully post-correction, and retail interest has returned. However, this window is temporary and expires in July, leaving room for both opportunity and risk. Smallcaps tend to outperform in early-stage recoveries, and India's macros—cooling inflation, stable policy, rising capex—support a near-term rally," he warned, adding that global trade overhang remains. Gupta of SKG Investment recommends taking positional bets in companies that have a steady order book, strong management and a good track record i.e. those companies that have experienced downtrends in the past. 3 tips to make a move in smallcaps: 1. Garg calls the current situation as a tactical opportunity and not a structural bet. He recommends focusing on domestically driven, low-debt smallcaps with earnings visibility. 2. Garg prefers staying away from sectors like metals and IT in the smallcap space. Metals are too exposed to global pricing cycles and the recent pause on Chinese tariffs could trigger supply distortions, hurting pricing power. On the other hand, smallcap IT is facing demand headwinds due to the US slowdown. The dollar is weakening and there is a real risk to export-linked revenue stability, Invasset PMS analyst said. Auto, real estate, and metals are also 'Avoid' for Gupta. 3. Gupta is cautious about sectors that rely on discretionary spending as consumers become defensive when the economy is slowing. Smallcap stocks related to travel, household goods, hospitality, and consumer durables remain vulnerable, according to him. His top picks include BLS International, Integrated Industries, MOS Utility, Master Trust, OBSC Perfection, Healthcare Global Enterprise, Rama Steel, and Fedder Holdings.
