Latest news with #590
Scoop
5 days ago
- Business
- Scoop
Is This The Lowest Rates Rise In The Country? Whanganui Council Holds Firm On 2.2 Percent
Article – Moana Ellis – Local Democracy Reporter The council is holding firm on an increase of 2.2 District Council is sticking to an average rates increase of 2.2 percent following deliberations on its draft Annual Plan. Mayor Andrew Tripe believes it's the lowest rise in the country for the year ahead. The plan for 2025/26 will go before the council in June to be adopted. Tripe said the council has focused on doing the basics well, investing in core infrastructure, and involving the community in decision-making. The big topics thrashed out by the council in this week's deliberations were creating a standalone housing entity to grow housing stock, adopting a new strategy for Whanganui, changes to fees and charges, and increasing loan repayments. In each case, community feedback aligned with the council's preferred options. On Thursday, the council confirmed it would: Continue to consider a standalone housing entity Consider all submissions and feedback to inform any minor changes ahead of adopting the draft Strategy for Whanganui Proceed with proposed changes to fees and charges for the year ahead Pay off an additional $590,000 of debt. Operational budget changes have also been made since the council opened its draft Annual Plan 2025/26 for consultation. This includes water levies set by water services authority Taumata Arowai to recover the cost of regulatory functions. These levies will take effect from 1 July, 2025 and are expected to cost around $16 per household. Tripe said it was 'incredibly frustrating' to receive news of the levies just as the council was about to adopt its budgets for the year ahead. 'It is yet another example of central government shifting costs to local councils and communities – when it should be administered and funded at a national level.' These levies, along with proposed Commerce Commission levies, would be incorporated into the Annual Plan budget for 2025/26 and would affect three waters rates for connected households. To ensure full transparency, the levies would be identified on rates notices. However, they would not increase overall rates due to additional income from other council revenue streams. The Annual Plan will be adopted on 26 June, with the plan taking effect from 1 July.
Economic Times
5 days ago
- Business
- Economic Times
Buy Zinka Logistics Solutions, target price Rs 590: JM Financial
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has a Buy call on Zinka Logistics Solutions with a target price of Rs 590. The current market price of Zinka Logistics is Rs 453.4. The time period given by the analyst is a year when Zinka Logistics Solutions price can reach defined target. Zinka Logistics, incorporated in 2015, is a Small Cap company with a market cap of Rs 7921.21 crore, operating in the Logistics Logistics Solutions' key products/revenue segments include Truck Operator Services for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 136.76 crore, up 11.03% from last quarter Total Income of Rs 123.18 crore and up 47.54% from last year same quarter Total Income of Rs 92.69 crore. The company has reported net profit after tax of Rs 280.17 crore in the latest company's top management includes Kumar Naidu Yabaji, Hridaya, Balasubramaniam, Daniel, Dutta, Singh, Shah, Muthuchamy. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-03-2025, the company has a total of 18 crore shares (parent company Zinka Logistics Solution) revenue has grown at FY22-25 CAGR of 53%, roughly 3.5x in 3 years. Moreover, the company turned adjusted EBITDA profitable in H2FY24 and has maintained the trajectory to turn PAT positive this quarter. JM Financial forecasts that the company to maintain the momentum with 33%+ FY25-27 Revenue CAGR and Adj. EBITDA margin reaching 39%, effectively delivering incremental EBITDA margin of 58% over the coming 2 years. They value the company using DCF-based valuation, resulting in Mar?26 target price of Rs 590, 28% upside at CMP. The brokerage maintains ?BUY? and believe this to be a robust compounding story with significant optionality if the company manages to crack the large opportunities in Load Brokerage or Vehicle Financing held 27.7 per cent stake in the company as of 31-Mar-2025, while FIIs owned 11.59 per cent, DIIs 10.26 per cent.
Yahoo
20-05-2025
- Science
- Yahoo
At Houston event, NASA astronauts will discuss their recent space station missions
May 20 (UPI) -- Four NASA astronauts who recently returned to Earth from a mission aboard the International Space Station will take part this week in a welcome-home ceremony at NASA's space center in Texas. On Thursday, NASA astronauts Nick Hague, Suni Williams, Butch Wilmore and Don Pettit will be in Houston to participate in ceremonies to welcome them back to Earth and will share highlights from their recent space mission, according to NASA officials. Williams and Wilmore arrived after being stranded on the orbital laboratory for nine months. Hague, Wilmore, Williams and Russian cosmonaut Aleksandr Gorbunov returned to Earth on March 18 when their craft splashed safely off the western coast of Florida in the Gulf of Mexico after they spent months on the ISS, where people have continuously worked and lived for about 25 years now. Petit, who launched on September 11 aboard the Soyuz MS-26 spacecraft with two Russian cosmonauts, spent seven months in space on a research mission as a flight engineer and returned on April 19 -- his 70th birthday -- in Kazakhstan to Russia's southwest after he spent 590 days in orbit. Williams and Wilmore traveled more than 121 million miles during their mission and spent 286 days in space with 4,576 completed orbits around Earth and logged hundreds of extra hours in space. Hague and Gorbunov, who traveled over 72 million miles during their mission, spent 171 days in orbit. The free, public event at Space Center Houston will begin at 6 p.m. local time, during which the space travelers will recognize "key mission contributors" during an award ceremony following the presentation.
Western Telegraph
14-05-2025
- Politics
- Western Telegraph
Foreign Office denies David Lammy refused to pay £600 fare to French taxi driver
An anonymous taxi driver told French media Mr Lammy became 'aggressive' when asked to pay 700 euros (£590) of the 1,550 euro bill, the remainder of which was to be paid by the booking service. The Foreign, Commonwealth and Development Office said Mr Lammy and his spouse were victims in the case and that the driver has been charged with theft after driving off with their luggage. The King with Foreign Secretary David Lammy during the Italian tour (Chris Jackson/PA) Mr Lammy had joined the King for a state visit to Italy in April and then took a private holiday to the Alps with his wife Nicola Green. The taxi driver took the couple more than 600 kilometres from the town of Forli in Italy to the French ski resort of Flaine. The fee was paid up front to the transfer service but the driver insisted he was owed money on arrival and that he needed to be paid in cash, a source said. Ms Green, who was speaking to the driver while Mr Lammy went into the house, told police in a statement that she felt threatened and that the taxi driver had showed her a knife in his glovebox, the PA news agency understands. The Foreign Secretary and his wife are named as victims in this matter and the driver has been charged with theft Foreign, Commonwealth and Development Office It is understood that after he left with their luggage, a member of the Foreign Secretary's office contacted the driver to get it back, and it was deposited at a police station with a 'considerable' sum of money missing from Ms Green's bag. The anonymous driver told French newspaper La Provence he was 'the victim of assault and violence by members of a British embassy during an international transfer where they refused to pay me'. He said he had decided to leave the passengers at their destination and went to the police, where officers found diplomatic passports and a coded briefcase in the boot of his car. Ms Green does not have a diplomatic passport and Mr Lammy was travelling on his normal passport as it was a private trip. Whitehall sources denied any sensitive material was in the pair's holiday luggage. Prosecutors opened an investigation into a 'commercial dispute' in Bonneville in Haute-Savoie after the driver filed a complaint, according to the French newspaper. A Foreign Office spokesperson rejected the allegations. 'We totally refute these allegations. The fare was paid in full. 'The Foreign Secretary and his wife are named as victims in this matter and the driver has been charged with theft. 'As there is an ongoing legal process, it would be inappropriate to comment further.'
TimesLIVE
13-05-2025
- Automotive
- TimesLIVE
Nissan to suspend operations at some domestic plants amid restructuring
Japan's Nissan Motor has decided to suspend operations at some domestic factories as part of a business restructuring effort, the Nikkei business daily reported on Tuesday. Details regarding which specific factories will be affected and whether they will be temporarily suspended or permanently closed are expected to be finalised at a later date, the report said. Nissan declined to comment on the Nikkei report. Japanese public broadcaster NHK reported on Monday the automaker will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000, or 15% of its workforce. Japan's third-largest carmaker is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record ¥700bn (R86,429,000,000) to ¥750bn (R92,590,950,000) net loss in the year due to impairment charges. Nissan, which had more than 133,000 staff as of March last year, announced plans in November to cut 9,000 jobs and reduce global capacity by 20%.
