Latest news with #462
Yahoo
2 days ago
- Business
- Yahoo
Utah unveils new housing dashboard in effort to hit ‘moonshot' goal of building 35,000 starter homes
SALT LAKE CITY () — Governor Spencer Cox met with over 40 mayors and local officials around the state for a housing summit, addressing the efforts that are being made to build more starter homes, including a statewide dashboard to help streamline development. Gov. Cox announced plans at the to construct 35,000 starter homes within five years. He shared that since that announcement, 5,100 starter homes have been built and sold. 'We know that's not enough. We're on our way, but we desperately need to do more. With Utah's growing population and we need to do more and we need to move faster,' he said. Part of the solution, he said, is working with individual cities. He admitted that sometimes there are 'bad actors,' or a few cities that aren't approving plans or trying to drive up costs to prevent development, who can make things more difficult. But more so, he focused on how cities are contributing to fix the problem, saying dozens and dozens of them are striving to improve the housing crisis. How Utah is working toward increasing more affordable housing 'The American dream of home ownership is slowly but surely slipping away from far too many, out of reach of our children and grandchildren. Reversing that trend requires collaboration. It requires courage and action from all levels of government,' he said. 'We are committed to building 35,000 starter homes in the next four years. That's our moonshot, and we are making progress.' The governor announced there will be resources to help track and meet this goal, such as a statewide housing dashboard between city governments and the state, which will track progress and identify gaps in success. The summit also looked at reforms being adopted in other states, including parking mandates, legalizing accessory dwelling units and modernizing building codes. 'We're committed to ensuring Utah doesn't fall behind on housing reform. We know there's been news this week of other states that are passing major housing reform packages. We're watching those closely. We're looking at the reform packages that we've passed over the past couple of years, getting those implemented and watching those changes starting to take hold. These are bipartisan and practical reforms, not left or right, just smart. Utah has always been a leader in that area, and we intend to stay,' he said. The Supreme Court reinstates federal approval in Uinta Basin Railway project Clearfield City Mayor Mark Shepherd said housing is an issue that needs to be addressed at every level. He added that legislation in recent years, such as H.B. 462 in 2022, known as Utah Housing Affordability Amendments, and (HTRZ), are now seeing success. 'Without this, the market would have supported about 16,000 units, but with that, the HTRZs, we're now expecting 42,000 units. We are in the process. We see it coming. We've got cities doing everything they can to try to make this happen,' he said. 'There are areas where we need cities' help. We need them to delve in more. We need them to stick the shovels in the ground and really make an effort. But the vast majority of our cities in the state are making huge strides in housing.' Herriman Mayor Lauren Palmer added that housing is a concern to everyone in the community, which is why it's important for local leaders to come together. 'We have kids that are being impacted by the housing crisis right now, by the price of housing, so as we look forward to collaborating with our development partners, with the state, with other leaders around us, we look forward to finding ways to convert those entitled units into units that can be lived in by our children,' he said. 'They can be an asset to this community that can help people stay in this wonderful state and our wonderful communities that we have helped develop.' Cat who survived 400-foot Bryce Canyon fall adopted by rescuing pilot SLCPD arrest man for nearly hitting officers with vehicle while fleeing traffic stop Utah unveils new housing dashboard in effort to hit 'moonshot' goal of building 35,000 starter homes DOJ cutting American Bar Association access to judicial nominees Kanab sex offender charged with 50 felonies for sexual exploitation of a minor Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
4 days ago
- Business
- Yahoo
Phillies host the Braves on 4-game home win streak
Atlanta Braves (25-28, third in the NL East) vs. Philadelphia Phillies (35-19, first in the NL East) Philadelphia; Wednesday, 6:45 p.m. EDT PITCHING PROBABLES: Braves: AJ Smith-Shawver (3-2, 3.67 ERA, 1.42 WHIP, 41 strikeouts); Phillies: Zack Wheeler (6-1, 2.42 ERA, 0.88 WHIP, 88 strikeouts) Advertisement BETMGM SPORTSBOOK LINE: Phillies -164, Braves +138; over/under is 7 1/2 runs BOTTOM LINE: The Philadelphia Phillies will try to keep their four-game home win streak alive when they play the Atlanta Braves. Philadelphia has an 18-8 record in home games and a 35-19 record overall. The Phillies have the eighth-best team slugging percentage in MLB play at .408. Atlanta is 25-28 overall and 9-19 on the road. The Braves have the eighth-ranked team on-base percentage in the NL at .318. The matchup Wednesday is the fifth meeting between these teams this season. The season series is tied 2-2. TOP PERFORMERS: Trea Turner has nine doubles, two triples, five home runs and 23 RBIs for the Phillies. Kyle Schwarber is 7 for 34 with two doubles and three home runs over the past 10 games. Advertisement Matt Olson leads the Braves with 12 home runs while slugging .462. Marcell Ozuna is 11 for 35 with three home runs and seven RBIs over the past 10 games. LAST 10 GAMES: Phillies: 9-1, .266 batting average, 2.57 ERA, outscored opponents by 24 runs Braves: 4-6, .272 batting average, 3.51 ERA, outscored opponents by eight runs INJURIES: Phillies: Bryce Harper: day-to-day (elbow), Aaron Nola: 15-Day IL (ankle) Braves: Ignacio Alvarez: 60-Day IL (wrist), Reynaldo Lopez: 60-Day IL (shoulder), Joe Jimenez: 60-Day IL (knee) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Yahoo
13-05-2025
- Business
- Yahoo
Happiest Minds accelerates to 31% growth in Q4, reports revenues of ₹545 Crores driven by strong deal closures
Robust annual EBITDA of ₹462 Cr at 21.4% margin, reflecting consistent operating profitability BENGALURU, India and SEATTLE and LONDON, May 13, 2025 /PRNewswire/ -- Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital. Born Agile', a digital transformation and IT solutions company, today announced its consolidated results for the Fourth quarter ended March 31, 2025, as approved by its Board of Directors. Ashok Soota, Chairman & Chief Mentor, said, "Happiest Minds continues to show above-industry-leading growth this fiscal year. The ten strategic transformational changes that we rolled out are shaping Happiest Minds' future. Our strategic initiatives, along with the continued commitment of our teams, have us well-positioned for strong double-digit organic growth in FY26 and beyond. Economists are projecting a slowdown in some of our largest markets; I want to emphasize that we have healthy pipelines of demand and do not see any recession-driven slowdown." Joseph Anantharaju, Co-Chairman & CEO, said, "The transformative initiatives we have launched over the last year are beginning to yield results and are laying a robust foundation for future growth. Our move to a vertical structure has resulted in accelerated growth in several verticals like Healthcare and BFSI. We continue to see an increase in the share of the Healthcare vertical, which saw large new deals totalling $20 Mn from 4 customers and these are likely to be repeated next year. The two transformations that we initiated around GenAI BU and the independent NN hunting team have seen a good buildup in the pipeline that should result in revenue growth. Our other initiatives around High Potential accounts, GCC and Private Equity pursuit are beginning to take hold and should start yielding results in the ensuing quarters." Venkatraman Narayanan, MD & CFO, said, "I am extremely happy to report on an annual growth of 26% in constant currency with an EBITDA of 21.4%, the latter, well in line with our guidance. Adjusted for a one-time bad debt and continued investments in Gen AI and Sales teams, Operating margin and EBIDTA continue to be industry leading and comparable to the previous year. PAT and EPS adjusted for acquisition related costs and exceptional item, a reliable measure of performance, continues to remain steady." Key Financial highlights Quarter ended March 31, 2025 Revenue in constant currency grew 1.1% q-o-q and 27.9% y-o-y Operating Revenues in US$ stood at $63 million, growing 0.3% q-o-q and 25.6% y-o-y Total Income of ₹ 57,052 Lakhs grew 3.0 % q-o-q and 28.9% y-o-y EBITDA of ₹ 10,984 Lakhs, stood at 19.3% of Total Income. Decline of 6.0% q-o-q on account of an unfortunate bad debt of ₹ 1,204 Lakhs while growing 1.5% y-o-y PAT of ₹ 3,401 Lakhs 6.0% of Total Income. Adjusted PAT and EPS (adjusted only for non-cash charges and exceptional items), a more reliable profitability measures stand at: Adjusted PAT of ₹ 5,668 Lakhs at 9.9% of Total Income (decline of 4.5% and 13.0% y-o-y⁴) Adjusted EPS at ₹ 3.76 Year ended March 31, 2025 Revenue in constant currency grew 25.6% Operating Revenues at US$ $243.6 million grew 24.2% Total Income of ₹ 216,222 Lakhs grew 26.4% EBITDA of ₹ 46,224 Lakhs, at 21.4% of Total income, Absolute growing of ₹ 4,102 Lakhs PAT of ₹18,466 Lakhs at 8.5% of Total Income. Adjusted PAT and EPS (adjusted for non-cash charges and exceptional items), a more reliable profitability measure stands at: Adjusted PAT of ₹ 24,638 Lakhs 11.4% of Total Income Adjusted EPS at ₹ 16.37 All amounts in ₹ Lakhs unless stated otherwise. Particulars Q4 FY25 Q3 FY25 QoQ Q4 FY24 YoY FY25 FY24 YoY Revenues ($'000) 62,919 62,719 0.3 % 50,077 25.6 % 2,43,570 1,96,130 24.2 % Growth in CC 1.1 %27.9 % 25.6 % Revenues 54,457 53,081 2.6 % 41,729 30.5 % 2,06,084 1,62,466 26.8 % Other Income 2,595 2,2962,52110,138 8,537Total Income 57,052 55,376 3.0 % 44,250 28.9 % 2,16,222 1,71,003 26.4 % Operating Margin1 7,937 9,264 (14.3) % 8,390 (5.4) % 35,749 34,044 5.0 % % 14.6 % 17.5 %20.1 %17.3 % 21.0 %EBITDA 10,985 11,686 (6.0) % 10,822 1.5 % 46,224 42,122 9.7 % % 19.3 % 21.1 %24.5 %21.4 % 24.6 %Finance Cost 2,379 2,4429759,112 3,985Depreciation 1,201 1,1728574,552 3,844Profit before Non Cash/Exceptional 7,401 8,073 (8.3) % 8,990 (17.7) % 32,553 34,292 (5.1) % % 13.0 % 14.6 %20.3 %15.1 % 20.1 %Amortization/Unwinding Interest2 1,145 1,1786685,151 2,224Exceptional Item 1,216 -1,2951,858 1,402PBT 5,039 6,894 (26.9) % 9,615 (47.6) % 25,547 33,468 (23.7) % % 8.8 % 12.5 %21.7 %11.8 % 19.6 %Tax 1,638 1,8842,4177,080 8,629% 2.9 % 3.4 %5.5 %3.3 % 5.0 %PAT 3,401 5,010 (32.1) % 7,198 (52.8) % 18,466 24,839 (25.7) % % 6.0 % 9.0 %16.3 %8.5 % 14.5 %Adjusted PAT3 5,668 5,937 (4.5) % 6,515 (13.0) % 24,638 25,425 (3.1) % % 9.9 % 10.7 %14.7 %11.4 % 14.9 %Adjusted Earnings per Share (₹)4 3.76 3.944.3316.37 16.89 Note 1 – Operating Margin is EBITDA excluding other income Note 2 - Amortization and unwinding interest are non-cash items from the acquisition Note 3 – Adjusted PAT is Adjusted for exceptional items and amortization of intangibles Note 4 – Adjusted EPS is Adjusted for exceptional items and amortizations of intangibles Clients: 281 as of March 31, 2025 14 additions in the quarter Our People - Happiest Minds: 6,632 Happiest Minds as of March 31, 2025 Trailing 12-month attrition of 16.6% (15.3% in the previous quarter) Utilization of 77.4%, from 78% in last quarter Key wins: For a US based not-for-profit organization in media and publication, Happiest Minds has been chosen as a strategic partner to build their customer master data management using Pimcore® platform. For an American Insurance broker, Happiest Mind is leveraging MS Power Platform to build their Client Data Portal For a global market research agency, Happiest Minds is leveraging Generative AI to develop their End User Chat platform For a US manufacturer of intelligent fluid-flow equipment, Happiest Minds was chosen to build their next-generation connected products For a Middle Eastern E-Commerce company, Happiest Minds is providing cybersecurity assessment & implementation services For a Middle Eastern bank, Happiest Minds is providing Risk and Governance Consulting Services Award Wins: Happiest Minds is awarded Best DevOps Framework for Scalability and Security (IT Services) in the 6th Edition India DevOps Show 2025. Happiest Minds is ranked 2nd in "IT Services" category at the ESC Export Excellence Awards 2025 Happiest Minds is recognized among 'Inspiring Firms in AI & Analytics' at the 3AI ACME Awards Happiest Minds has won WOW Workplace Award for IT, ITeS & GCC Analyst Mentions: Happiest Minds is 'Product Challenger' in ISG Provider Lens Study for Digital Engineering Services – Europe, US Happiest Minds is 'Major Contender' in Everest Industry 4.0 PEAK Matrix 2025 Happiest Minds is 'Major Contender' in Everest Data and AI (D&AI) Services for Mid-market Enterprises PEAK Matrix 2025 Happiest Minds is 'Innovator and Major Player' in NelsonHall's Transforming Core Banking Services NEAT Report Happiest Minds is among 'Seasoned Vendors' in AIM Research's PeMa Quadrant for MLOps Service Providers 2025 Announcements: The Board of Directors of the Company at their meeting held on May 12, 2025 has recommended a final dividend of ₹ 3.5 per equity share of face value ₹ 2/- for the financial year 2024-25 subject to shareholder approval. For further details please refer to the Investors presentation hosted on the company website -- Investors section About Happiest Minds Technologies: Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/ augmented reality, etc. Positioned as 'Born Digital. Born Agile', our capabilities span Product & Digital Engineering Services (PDES), Generative AI Business Services (GBS) and Infrastructure Management & Security Services (IMSS). We deliver these services across industry groups: Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech and Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics. The company has been recognized for its excellence in Corporate Governance practices by Golden Peacock and ICSI. A Great Place to Work Certified™ company, Happiest Minds is headquartered in Bengaluru, India with operations in the U.S., UK, Canada, Australia, and the Middle East. Safe harbor This press release contains forward-looking statements, which may involve risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors including but not limited to changes in market conditions, technological advancements, regulatory developments, and the overall economic environment. Happiest Minds undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information, contact: Dr. Kiran VeigasVice President and Head - Corporate Marketing, Branding & CommunicationsMedia Contact: media@ Relations: IR@ Logo: View original content: SOURCE Happiest Minds Technologies Limited 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
IOL News
06-05-2025
- Business
- IOL News
South African gold miners grapple with rising costs despite record prices
For Gold Fields, which operates the South Deep mine in South Africa, all-in-costs have been spiking. All-in-costs for South Deep AIC increased by 6% to R1,032,462 per kilogram in the March 2025 quarter from R974,315 per kilogram in the December 2024 quarter. Tawanda Karombo South African gold miners are being weighed down by elevated costs, with the Minerals Council of South Africa saying on Tuesday that the sector recorded the highest increase in input costs. This comes as Gold Fields recently said all-in-costs for the 2025 March quarter grew by 6%. Bullion prices have been surging to record highs in the past few weeks although South African producers of the precious metal have largely not raised production due to higher costs. Andre Lourens, an economist with the Minerals Council said the gold sector has been experiencing higher input cost inflation. 'In March, the gold sector recorded the highest average increase in input cost inflation, although benefiting from strong market prices - with gold averaging $2 986 per ounce. This underscores the ongoing cost pressures linked to mining deep-level, lower-grade ore bodies,' said Lourens. For Gold Fields, which operates the South Deep mine in South Africa, all-in-costs have been spiking. All-in-costs for South Deep increased by 6% to R1 032 462 per kilogram in the March 2025 quarter, up from R974 315 per kilogram in the December 2024 quarter. Gold Fields attributed this to 'lower gold sold in the current quarter, partially offset by lower capital' expenditure. Total capital expenditure for the South Deep operation fell by 42% to R431 million in the March 2025 quarter from R741m in the December 2024 quarter. 'The main expenditure items relate to a decrease in major component spend, UG mobile equipment replacement and refurbishments, surface infrastructure maintenance and new UG Infrastructure and maintenance,' said the company. Its production for the quarter decreased by 8% to 2 244kg due to ore phasing and lower volumes processed despite an increase in mined volumes. It was not just the gold sector that experienced higher mine input costs as the Minerals Council said South Africa's overall mining input costs rose by 3.6% in the first quarter of 2025. 'The increase in mining input costs moderated to 3.4% year-on-year in March, down from 3.8% in February, marking a continuation of the downward trend that began late last year,' said Lourens. 'While this is higher than the subdued 2.7% recorded in the fourth quarter of 2024, the outcome is unsurprising given volatility in both the domestic and global economy, much of which has intensified since January.' This comes as a 'complex set of pressures continues to shape the cost landscape' including global trade frictions, pressure on the rand, and fluctuating Brent crude oil prices, which have all raised input cost volatility. On the domestic front, 'political and economic uncertainty have further dampened sentiment, weighing on capital markets and prompting the South African Reserve Bank to maintain a cautious monetary stance,' necessitating a delay in much-needed interest rate relief. Chemical prices and intermediate industrial inputs also stayed high relative to last year, reflecting persistent pricing pressure in key upstream supply chains, explained the Minerals Council. Other mining sectors that took a big input cost include the chrome sector, with the third-highest increases recorded in iron ore, manganese, and other metallic minerals. Nonetheless, the coal sector experienced the lowest input cost inflation of the major commodities - offering some relative stability in the cost of producing coal. BUSINESS REPORT
Yahoo
04-05-2025
- Sport
- Yahoo
Cubs try to prolong win streak, take on the Brewers
Chicago Cubs (21-13, first in the NL Central) vs. Milwaukee Brewers (16-18, third in the NL Central) Milwaukee; Sunday, 2:10 p.m. EDT PITCHING PROBABLES: Cubs: Shota Imanaga (3-1, 2.77 ERA, 1.13 WHIP, 30 strikeouts); Brewers: Freddy Peralta (3-2, 2.52 ERA, 1.07 WHIP, 41 strikeouts) Advertisement BETMGM SPORTSBOOK LINE: Cubs -114, Brewers -105; over/under is 7 1/2 runs BOTTOM LINE: The Chicago Cubs will try to continue a three-game win streak with a victory against the Milwaukee Brewers. Milwaukee has a 9-6 record in home games and a 16-18 record overall. Brewers hitters have a collective .317 on-base percentage, the ninth-ranked percentage in the NL. Chicago has gone 12-6 in road games and 21-13 overall. Cubs hitters have a collective .462 slugging percentage to lead the NL. The teams play Sunday for the third time this season. TOP PERFORMERS: Brice Turang has two doubles and three home runs for the Brewers. Jackson Chourio is 11-for-45 with four doubles, a home run and five RBI over the last 10 games. Advertisement Kyle Tucker ranks second on the Cubs with 19 extra base hits (eight doubles, two triples and nine home runs). Pete Crow-Armstrong is 12-for-40 with two doubles, six home runs and 16 RBI over the last 10 games. LAST 10 GAMES: Brewers: 3-7, .229 batting average, 5.18 ERA, outscored by 14 runs Cubs: 7-3, .282 batting average, 2.97 ERA, outscored opponents by 25 runs INJURIES: Brewers: Blake Perkins: 60-Day IL (shin), Garrett Mitchell: 10-Day IL (oblique), Nestor Cortes: 60-Day IL (elbow), Connor Thomas: 15-Day IL (elbow), Aaron Civale: 15-Day IL (hamstring), Brandon Woodruff: 15-Day IL (shoulder), Aaron Ashby: 15-Day IL (oblique), D.L. Hall: 60-Day IL (lat), Robert Gasser: 60-Day IL (elbow) Advertisement Cubs: Javier Assad: 60-Day IL (oblique), Justin Steele: 60-Day IL (elbow), Eli Morgan: 15-Day IL (elbow), Tyson Miller: 15-Day IL (hip), Ryan Brasier: 15-Day IL (hip) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
