Latest news with #470
The Sun
28-05-2025
- Business
- The Sun
Elderly man loses RM1.47 million to online trading scam
IPOH: An elderly man suffered losses of over RM1.47 million after he fell victim to an online trading scam, Perak police chief Datuk Noor Hisam Nordin said. The man, 75, who is a company director, lodged a police report in Ipoh on May 25 about the scam that began on April 15, when he received a phone call from an unidentified woman offering him to be a partner of a company trading with another company abroad, he said. The victim agreed to become a partner after he checked the company's status and found it was operating since 1989, and was then asked to download an app called SHV Shop. 'If a customer wished to purchase an item, the victim only had to pay the selected price and would get a commission of 30 per cent,' he said in a statement last night. The victim then paid a deposit of RM22,122 via a cash deposit machine to a Maybank account of a company. 'Thinking about his would-be profits, the victim deposited a total of RM1,470,734 from April 17 to May 16 into six different bank accounts through online transfers and bank counters,' he said, adding that the victim did not receive any returns and felt that he was scammed. The case is being investigated under Section 420 of the Penal Code.
The Sun
28-05-2025
- Business
- The Sun
Elderly man loses RM1.47m to online trading scam
IPOH: An elderly man suffered losses of over RM1.47 million after he fell victim to an online trading scam, Perak police chief Datuk Noor Hisam Nordin said. The man, 75, who is a company director, lodged a police report in Ipoh on May 25 about the scam that began on April 15, when he received a phone call from an unidentified woman offering him to be a partner of a company trading with another company abroad, he said. The victim agreed to become a partner after he checked the company's status and found it was operating since 1989, and was then asked to download an app called SHV Shop. 'If a customer wished to purchase an item, the victim only had to pay the selected price and would get a commission of 30 per cent,' he said in a statement last night. The victim then paid a deposit of RM22,122 via a cash deposit machine to a Maybank account of a company. 'Thinking about his would-be profits, the victim deposited a total of RM1,470,734 from April 17 to May 16 into six different bank accounts through online transfers and bank counters,' he said, adding that the victim did not receive any returns and felt that he was scammed. The case is being investigated under Section 420 of the Penal Code.
Hans India
01-05-2025
- Business
- Hans India
Adani Power clocks 21% growth in FY25 PBT
Ahmedabad: Adani Power on Wednesday reported a 21.4 per cent jump in consolidated continuing profit before tax (PBT) at Rs13,926 crore in FY25, compared to Rs11,470 crore in FY24, due to improved EBITDA and lower finance costs. The Adani Group company registered a 10.8 per cent rise in consolidated continuing total revenues at Rs56,473 crore in FY25 compared to Rs50,960 crore in FY24, supported by higher sales volumes, offset partially by lower tariff realisation. Continuing revenues exclude one-time prior period income recognition. Continuing EBITDA for FY25 grew 14.8 per cent to Rs21,575 crore, according to the company. For Q4 FY25, consolidated continuing total revenue was higher by 5.3 per cent at Rs14,522 crore compared to Rs13,787 crore in Q4 FY24, primarily due to higher volume, offset by lower tariff realisation. Consolidated continuing PBT for Q4 FY25 stood at Rs3,248 crore vs Rs3,464 crore for Q4 FY24 on account of higher depreciation due to new acquisitions, apart from slower demand growth and lower merchant tariffs. In Q4 FY24, the company's profit after tax (PAT) had non-recuring items like higher refund received from government authorities and gain on sale of unutilised assets. These were at lower level this quarter, with PAT at Rs2,599.23 crore. In a significant achievement, the company reached 102.2 billion units (BU) power generation in FY25, up by 19.5 per cent from 85.5 BU in FY24. Consolidated power sale volume stood at 95.9 BU in FY25, up by 20.7 per cent from 79.4 BU in FY24 due to robust power demand and higher operating capacity. For the January-March quarter (Q4), consolidated power sale volume stood at 26.4 BU in Q4 FY25, up by 18.9 per cent from 22.2 BU in Q4 FY24 due to growing power demand and higher operating capacity, said the company. 'Adani Power has posted ever-higher operating and financial performance for FY 2024-25, aptly demonstrating the strength and resilience of the Adani Portfolio companies. As we progress quickly in the next phase of capacity expansion, we are prioritising capital and cost efficiencies to sharpen our competitive edge and extend our sectoral leadership across key parameters,' Adani Power Limited CEO SB Khyalia said.
Zawya
14-03-2025
- Business
- Zawya
Qatar: Real estate trading volume hits $354mln in February 2025
Doha: The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February 2025 amounted to QR1,292,500,196. Data from the real estate analytical bulletin issued by the Ministry of Justice revealed that 365 real estate transactions were recorded during the month. The municipalities of Doha, Al Rayyan, and Al Dhaayen topped the list for the most active transactions in terms of financial value, according to the real estate market index, followed by Al Wakrah, Umm Salal, Al Khor and Al Dhakira, and Al Shamal. The real estate market index for February 2025 showed that the financial value of transactions in Doha municipality amounted to QR478,470,312. In Al Rayyan, the financial values of transactions was QR 316,994,510 , while in Al Dhaayen, it was QR232,149,925. Transactions in Al Wakrah amounted to QR101,259,540, and Umm Slal recorded QR79,988,096. Al Khor and Al Dhakira recorded QR52,057,857, while transactions in Al Shamal totaled QR31,099,956. In terms of the traded space index, indicators revealed that Al Rayyan, Doha, and Al Dhaayen municipalities recorded the most active municipalities, in terms of traded real estate spaces during February 2025: Al Rayyan (29%), followed by Doha (26%), and Al Dhaayen (18%). Al Wakrah recorded 10%, and Umm Salal recorded 7%, while the municipalities of Al Shamal and Al Khor and Al Dhakira recorded 5% of the total traded spaces. Concerning the index of the number of real estate transactions (sold properties), trading indices revealed that the most active municipalities during February were Doha with 32%, followed by Al Rayyan with 23%, then Al Dhaayen with 13%, and Al Wakrah with 11%. Umm Salal recorded traded transactions of 10%, Al Khor and Al Dhakira with 6%, and Al Shamal with 5% of the total real estate transactions. An average per square foot prices for February ranged between (394-767) in Doha, (259-493) in Al Wakrah, (319-448) in Al Rayyan, (284-496) in Umm Salal, (327-514) in Al Dhaayen, and (321 -323) in Al Khor and Al Dhakira. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
