Latest news with #368
Time of India
10-05-2025
- Business
- Time of India
Portugal's EDP reports 21% increase in Q1 net profit driven by heavy rainfall boosting hydroelectric output
Portugal's largest utility EDP reported a stronger-than-expected 21 per cent increase in first-quarter net profit on Friday, after heavy rainfall boosted hydroelectric output in Iberia, where power prices almost doubled. Net profit rose to 428 million euros, beating the average forecast of 368 million euros in an LSEG poll of analysts, even though it did not make a capital gain in the quarter. A year ago it had booked 108 million euros worth of capital gains. Subsidiary EDP Renovaveis , the world's fourth-largest wind energy producer , on Thursday reported a 24 per cent fall in net profit to 52 million euros. EDP said in a statement that total electricity generation increased 5 per cent to 18,300 gigawatt-hours (GWh), sustained by 'significant rainfall' during the first three months of the year in Iberia, which filled reservoir volumes to 88 per cent of their capacity. In the Iberian market, first-quarter average electricity spot prices almost doubled year-on-year to 85 euros per megawatt per hour, it said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 6 per cent to 1.42 billion euros, compared to 1.38 billion euros expected by analysts.
Jordan Times
03-05-2025
- Business
- Jordan Times
Over 3,200 Jobs created under government's industrial support programmes —minister
By JT - May 03,2025 - Last updated at May 03,2025 In this undated photo, a worker is seen at a Qualified Industrial Zones factory (Photo courtesy of Better Work, ILO/IFC) AMMAN — Minister of Industry, Trade, and Supply Yarub Qudah said on Saturday that Jordan's Industrial Support and Development Fund has helped create 3,227 new jobs, marking a 19 per cent increase in employment. Of the total jobs created, 1,138 jobs were filled by women, the minister said, representing a 25 per cent rise in female employment, the Jordan News Agency, Petra, reported. Qudah said the fund's first round of programmes has achieved 'tangible' outcomes, boosting both export performance and development capabilities within the industrial sector. Out of 1,400 companies that applied for support, 368 were selected during the first phase, with the highest number of beneficiaries coming from the food industries sector, he said. Qudah also said that the platform has received 1,139 applications for the second round of funding, of which 102 companies were approved under the Outcome-Based Incentive Programme, and 43 under the Export Credit Guarantee Program. He said that assessment results for two other initiatives, the Industrial Modernization and Export Promotion Programmes, are expected in May and June. 'The fund's impact has been significant. Exports from supported companies rose by 29 per cent to JD118 million, while total sales surged by JD533 million, reflecting a 28 per cent growth,' he said. The minister said that the overall cost of the development plans reached approximately JD80 million, with the fund's contribution reaching JD41 million, or 51 per cent of the total, and the remaining JD39 million financed by the private sector. 'This indicates the growing private-sector engagement in industrial development,' he said.
Business Recorder
28-04-2025
- Business
- Business Recorder
Gold: price disparity confuses investors
KARACHI Gold buyers in Pakistan face conflicting pricing trends, with the open market hitting a historic high of Rs369,300 per tola, while the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) announced a sharp decline to Rs347,100 per tola, traders said on Monday. The disparity has left investors confused, as the open market reflects real-time global trading dynamics, whereas APSGJA—a non-trading platform —sets benchmark rates. According to the association, gold fell by Rs1,600 and Rs1,368 to Rs347,100 per tola and Rs297,582 per 10 grams, respectively. In contrast, open market rates surged amid active trading. Globally, gold dipped by $16 to $3,289 per ounce, while silver held at $33 per ounce. Domestically, APSGJA quoted silver at Rs3,497 per tola and Rs2,998 per 10 grams. Analysts note the open market's rates align more closely with international fluctuations, unlike the association's fixed valuations, creating a dual pricing challenge for traders and consumers. Copyright Business Recorder, 2025
Express Tribune
28-04-2025
- Business
- Express Tribune
Gold on downward trend amid trade optimism
Gold prices fell both in the local and international markets. In Pakistan, the price of gold per tola dropped by Rs1,600 on Monday, bringing it down to Rs347,100. Similarly, the price for 10 grams of gold declined by Rs1,368, settling at Rs297,582, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, the gold rate had also decreased, falling by Rs3,300 to close at Rs348,700 per tola. International prices for Pakistan also weakened on Monday. According to the APGJSA, the international price stood at $3,289 per ounce, reflecting a $16 drop during the day. Gold prices dipped for a second consecutive session on Monday as US-China trade tensions eased, with markets awaiting key economic data later this week. Spot gold was down 0.6% at $3,297.10 an ounce. US gold futures rose 0.3% to $3,307.80, according to Reuters. "Optimism still persists over a US-China trade deal even though there is a lack of clarity," Zain Vawda, analyst at MarketPulse by OANDA, said. Rupee slips Meanwhile, the Pakistani rupee recorded a slight decline against the US dollar, slipped by 0.04% during inter-bank trading on Monday. By the end of the session, the rupee settled at 281.07, down by 10 paisas compared to the previous day's closing rate.
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Business Standard
21-04-2025
- Politics
- Business Standard
Indian policing and the legacy of violence: A call for urgent reform
Has the dehumanisation of the police worsened their violence? Deana Heath and Jinee Lokaneeta explore this through political and sociological lenses, calling for urgent reform Neha Bhatt Listen to This Article Policing and Violence in India: Colonial Legacies and Contemporary Realities Editors: Deana Heath and Jinee Lokaneeta Publisher: Speaking Tiger Pages: 368 Price: ₹799 You will recall the horrific custodial deaths of Jayaraj and his son Bennicks in Tamil Nadu in June 2020, following their arrest for allegedly violating Covid-19 restrictions. You might also remember the death of Faizan in February 2020 while in custody after the protests against the Citizenship Amendment Act (CAA) — an incident the High Court last year termed a 'gross violation of human rights' and a hate crime. These are hardly exceptions. It's well documented that such police torture is
