Latest news with #406
The Citizen
5 days ago
- Entertainment
- The Citizen
Event organiser demand over R80K refund after Pearl Thusi no-show
Pearl Thusi said she was unable to attend the 'Weekend in the East' festival, where she was scheduled to appear, due to 'intense and unforeseen circumstances'. Namibian event organiser Ludgerus Amushila is reportedly demanding a full refund of N$86,406 (R86,406) from Pearl Thusi's management, Africa Creative Agency (ACA). This comes after Pearl failed to attend the Weekend in the East festival last week. The event was held at AM Ludgerus Boutique Estate in Rundu, Namibia, on Saturday, 31 May. According to The Namibian, Amushila stated that the refund amount includes a N$40,000 booking fee deposit, N$19,346 for flight tickets, N$8,360 for visas, and N$18,700 for vehicle rental — a total amount that was spent specifically on Pearl's participation. Amushila told the publication that all communication and transactions were handled through ACA, not directly with Pearl. 'They confirmed the booking, received payment, and arranged logistics. 'Now that there's a breach, they're passing us on to a lawyer we were never introduced to during the process.' The Citizen has reached out to Africa Creative Agency for comment, but no response had been received at the time of publication. This article will be updated when the agency responds. Meanwhile, The Namibian reported that ACA's Yvette Gayle said the agency is not liable to pay the refund. 'As a talent agency acting solely in a representative capacity, we are not a party to our clients' contractual obligations nor guarantors of their performance… 'Our role is limited to facilitating bookings, negotiating terms, and collecting payments on behalf of our clients.' ALSO READ: WATCH: Pearl Thusi vacays with her daughter in Mozambique Pearl Thusi apologised ahead of the event Prior to the event, Pearl issued a public apology, announcing that she would not be able to attend due to intense and unforeseen circumstances. 'I was really, really looking forward to coming through to Namibia. A lot of people know how much I love travelling across the continent and spending time with different people from our beautiful Africa. Unfortunately, due to intense and unforeseen circumstances, I won't be able to attend,' she said in a video. FYA cc Pearl Thusi..🙏🏾 — Ab Pro (@AbAmushila) May 30, 2025 NOW READ: 'I'm not gonna lie, this is rocking me': Prince Kaybee opens up about health battle
Yahoo
15-05-2025
- Business
- Yahoo
Shree Cement Ltd (BOM:500387) Q4 2025 Earnings Call Highlights: Strong Growth in Sales and ...
Total Sales Volume: Increased to 9.84 million tonnes, up 13% from 8.67 million tonnes sequentially. Average Valuation per Tonne: Improved by 5% to INR4,768 from INR4,554 sequentially. EBITDA: INR1,383 crores, representing a growth of 47%. EBITDA per Tonne: Increased by 29% to INR1,406 from INR1,088 sequentially. Adjusted EBITDA per Tonne: INR1,437, accounting for a one-off item of INR30.66 crores. Green Energy Share: 60.2% of total energy consumption in Q4 FY25. Green Power Generation Capacity: 582 megawatts, up 21% from 480 megawatts at the beginning of FY24-25. Installed Cement Capacity: Increased to 62.8 million tonnes in India. Premium Product Sales Share: Increased from 11.9% in Q4 2024 to 15.6% in Q4 FY25. Additional Provision for ECL: INR24 crores for legal notices issued. Warning! GuruFocus has detected 8 Warning Signs with BOM:500387. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Shree Cement Ltd (BOM:500387) reported a 13% increase in total India sales volume, reaching 9.84 million tonnes in Q4 FY25. The company's EBITDA for the quarter grew by 47%, with EBITDA per tonne increasing by 29% to INR1,406. The company achieved a significant milestone with 60.2% of its energy consumption coming from green energy sources, one of the highest in the industry. Shree Cement Ltd (BOM:500387) received an ESG rating of Care Edge ESG 1 with a score of 70.8%, highlighting its leadership in managing ESG risks. The company launched several premium products, increasing the share of premium product sales from 11.9% to 15.6% year-over-year. Despite the positive results, the company faces challenges with capacity utilization, which remains around 65%, indicating underutilization of its installed capacity. The company incurred a one-off cost of INR30.66 crores due to a voluntary separation scheme, impacting its financials. Shree Cement Ltd (BOM:500387) made an additional provision of INR24 crores for expected credit losses, reflecting a more conservative accounting approach. The company's strategy to focus on profitability over volume growth may limit its market share expansion in a competitive industry. There are concerns about the impact of new capacity additions on pricing and market dynamics, especially with the industry's supply overhang. Q: What is the outlook for volume growth in FY26, given the recent capacity expansions? A: Ashok Bhandari, Senior Adviser, explained that the strategy is to focus on profitability rather than volume. The company expects a volume growth of 6.5% to 7.5% for FY26, with a target of reaching 39 million tonnes. The focus will remain on balancing volume and price to maximize profitability. Q: Can you elaborate on the branding strategy and its impact on pricing? A: Neeraj Akhoury, Managing Director, stated that the company is focusing on improving brand equity through premium products and technical work in the field. The strategy is consistent across regions, aiming to enhance brand strength and improve pricing. Q: What are the plans for capacity expansion, particularly in North India? A: Neeraj Akhoury mentioned that the company is targeting Central and East UP markets with the new Ita plant. The North plants will cater to various markets, including Jammu and Kashmir, Gujarat, and West MP. The company is also exploring opportunities in Jaisalmer for future expansion. Q: How does the company plan to manage the trade-off between volume and pricing in a supply overhang scenario? A: Ashok Bhandari emphasized that the company aims to be the most profitable rather than the largest volume player. The focus is on maximizing cash profit and net profit through a strategic mix of volume and pricing, considering market conditions and competition. Q: What is the status of the RMC business, and what are the future plans? A: Neeraj Akhoury shared that the RMC division is relatively new, with about 15 plants currently operational. The company plans to expand rapidly, aiming for at least 50 RMC units. Some plants are already EBITDA positive, particularly in Mumbai and Hyderabad. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Print
06-05-2025
- The Print
Gurugram: Doctors, another man, nabbed for fleecing FMGE aspirant of Rs 26 lakh
In 2021, while on duty at Delhi's Burari Government Hospital, he met Dr Abhishek Rajput working in Max Hospital in Ghaziabad. Ravi Kumar, the complainant, said he completed his MBBS degree in 2019 from the International Higher School of Medicine, University in Bishkek, Kyrgyzstan. After returning to India, he had to pass the FMGE — mandatory for foreign medical degree-holders. Gurugram, May 6 (PTI) Two Delhi-based doctors and a third man were arrested for allegedly swindling a doctor of Rs 26.57 lakh with the offer of helping him clear the Foreign Medical Graduate Examination (FMGE). During their conversation, Abhishek said he and a friend of his, Dr Siddhant, have a good reputation in the field and assured Ravi of his help in passing the exam, and quoted the money in return. 'On July 4, 2022, I gave Rs 2.5 lakh in cash to Abhishek in Sector 14, Gurugram. After this, Abhishek introduced me to Siddhant and his younger brother Vastav Chaudhary, who were supposed to help me pass the exam,' Ravi said in his complaint, according to police. 'In January 2023, I transferred Rs 7 lakh more to Abhishek's account and gave him Rs 3 lakh in cash. With few other transactions, I paid him Rs 26.57 lakh. I appeared in the FMGE exam on January 20 in 2023, but failed. When I talked to Abhishek, he sent me a fake certificate showing that I had passed,' he said. When Ravi asked for his money, Abhishek gave him threats, after which Ravi approached police. Following his complaint, an FIR was registered against all three under section 420 (cheating) and 406 (criminal breach of trust) of the IPC at Sector 14 Police Station on Monday, an officer said. PTI COR VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Emirates Woman
04-03-2025
- Emirates Woman
8 fabulous UAE staycation deals to book right now
Life by Alice Holtham-Pargin 20 seconds ago This is your sign to take a break… If you're dreaming of a weekend escape but you're not looking to travel too far, a UAE staycation is the perfect way to spend a weekend. From gorgeous desert resorts backdropped by golden dunes, to hotels that stretch along the sugary beachfront and sleek city stays close to star attractions, we've rounded up the best staycation deals in the UAE right now. Bab Al Shams In the golden desert dunes of Al Marmoon, this Ramadan Bab Al Shams invites you to enjoy luxury and heritage. Whether you check-in to one of the calming rooms, sumptuous suites or lavish new villas, you can look forward to iftar at Al Hadheerah, the theatrical Middle Eastern restaurant, plus in-room suhoor or breakfast at Zala. Enjoy experiences like falconry displays or camel ride, or simply bliss out at the pool or spa. Room rates from AED2,406. Palazzo Versace Dubai On the banks of Al Jaddaf, the opulent Palazzo Versace Dubai invites you to enjoy Ramadan in the elegant surrounds of its grand resort. Check-in to one of the bright, sophisticated guest rooms laced with Versace touches, enjoy a daily breakfast at refined all-day dining restaurant, Giardino or an in-room suhoor, plus get 15 per cent off additional food and drinks and spa treatments. Room rates from AED1,000. Anantara Al Sahel, Sir Bani Yas Venture off the beaten track (and roughly a three-hour drive from Dubai) to the island of Sir Bani Yas, where nature, natural beauty and local flavour await. The island is home to three Anantara resorts, each offering its own unique experience, but for bedding down amongst abundant wildlife, book Anantara Al Sahel. UAE residents can benefit from up to 20% off the best available rate on the 30 plush safari-style villas, complimentary breakfast, late check-out of 2pm and AED200 to redeem on spa treatments of 90 minutes and above. Room rates from AED1,654, Atlantis The Royal An icon of ultra-luxury hospitality, a stay at Atlantis The Royal should be high on any UAE dweller's bucket list. The home of indulgent extravagance, sumptuous suites, gourmet fine dining, a dazzling spa and a gorgeous Nobu beach club make this the perfect address to lap up luxury. UAE residents get 20% off room, suite and penthouse rates, plus complimentary daily breakfast and free entry to Aquaventure World, The Lost Chambers Aquarium, and Nobu by the Beach. Room rates from AED2,560. Banyan Tree Dubai Set on a private 500 metre stretch of beach on Bluewaters, check-in to Banyan Tree Dubai for some much-deserved R&R. This wellness driven brand has taken over the former Caesars Palace, and turned it into a relaxing haven where stays are all about rejuvenation and relaxation. The UAE resident staycation rate gets you 20% off the best available rate, a daily breakfast, and 20% off any further dining and spa treatments. There's also early check-in and late check-out, subjet to availability. Room rates from AED2,360. The Ritz-Carlton Ras Al Khaimah, Al Hamra Beach With a winter escape at this exclusive Ritz Carlton, you'll find yourself in secluded bliss on one of Ras Al Khaimah's loveliest stretches of shoreline. The all-pool-villa resort is landscaped around beautiful gardens, and invites you to enjoy peace and privacy with five-star service. The winter escape staycation deal offers daily breakfast for two adults and up to two children, plus AED200 resort credit when you book a minimum of two nights to be used on dining, spa or leisure activities. For families, there's complimentary access to The Ritz Kids at The Ritz-Carlton Al Hamra Beach and sister property, The Ritz-Carlton Al Wadi Desert. Room rates from AED2,000. One&Only Royal Mirage On the shorefront of Al Sufouh, this village-like resort is set between several ornate Arabian buildings. Traditional Middle Eastern splendour leads the aesthetic for the guest rooms, while dining and imbibing comes in the form of several pools, Drift Beach Club and the beautiful Jetty Lounge bar. As a GCC resident, the ultimate staycation package gets you savings on rooms, plus 20% off food and soft drinks, 20% off spa treatments, daily breakfast, early check-in and late check-out plus access to Aquaventure waterpark. Room rates from AED1,725. Jumeirah Saadiayt Island Unrolling against the backdrop of one of the world's best beaches, this breezy island resort is all about seaside escapism. Abu Dhabi's luxurious Jumeirah property offers 40% off the Jumeirah flexible rate with its staycation offer, plus 20% off dining at restaurants including Italian restaurant Mare Mare and Levantine eatery Tean. Daily breakfast and complimentary yoga and access to the spa facilities are included. Check in to one of the villas and suites and you'll also get complimentary access to SAL beach club. Room rates from AED1,815. Lead image: @zozoewitherspoon
