Latest news with #734
Time of India
2 days ago
- Business
- Time of India
State Secured Record FDIs Last Financial Year, Surge To Continue: CM
Nagpur: Chief minister Devendra Fadnavis announced on Thursday that the state secured an unprecedented Rs1,64,875 crore in foreign direct investment (FDI) for the financial year 2024-25. This accounts for 40 percent of India's total FDI inflow and marks a 32 percent increase over the previous year. "This year, Maharashtra has broken its own records for the last decade," Fadnavis said in a post on X. He added that the state had already surpassed its previous high within the first nine months of the fiscal year, crediting the surge to the 'leadership of deputy chief ministers Eknath Shinde and Ajit Pawar, and the collective effort of the state cabinet'. The chief minister highlighted that the final quarter alone — from January to March 2025 — brought in Rs25,441 crore in FDI, solidifying Maharashtra's position as India's top destination for foreign investment. "Under the leadership of my colleagues Shinde, Pawar and the cabinet, this race for our Maharashtra will continue," Fadnavis said. Official data shared by the chief minister showed Maharashtra's FDI trajectory over the past decade, with major fluctuations: Rs61,482 crore in 2015-16, rising to Rs1,31,980 crore in 2016-17, and rebounding to Rs1,19,734 crore in 2020-21 after brief dips. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets อ่านเพิ่มเติม Undo The figure for 2024-25 marks the highest to date. Industry experts attribute Maharashtra's continued success in attracting foreign investment to its robust infrastructure, skilled workforce, and investor-friendly policies, even amid broader economic uncertainties. Mumbai's longstanding role as India's financial capital has also bolstered the state's appeal to global investors. The record-breaking figure comes as the Mahayuti coalition, comprising the BJP, Eknath Shinde-led Shiv Sena, and NCP headed by Ajit Pawar, readies for local elections later this year. The FDI milestone is likely to feature prominently in the ruling alliance's pitch to voters, with Fadnavis presenting it as evidence of the state's economic resilience and growth. According to data compiled by the department for promotion of industry and internal trade (DPIIT) through December 2024, Maharashtra leads the country in FDI inflow, followed by Karnataka and Gujarat. The final quarter of the financial year, Fadnavis noted, will only further strengthen Maharashtra's standing. "Of course, there is still one quarter left in this financial year," he added.
The Sun
4 days ago
- 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
4 days ago
- 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.
Globe and Mail
06-04-2025
- Business
- Globe and Mail
2 Soaring Stocks to Hold for the Next 20 Years
The S&P 500 and Nasdaq Composite indexes have declined about 8% and 14%, respectively, so far this year. Concerns about soaring tariffs, sticky inflation, and elevated interest rates have driven many investors away from stocks and toward more predictable income investments. But over the past 20 years, the S&P 500 and Nasdaq have still risen 360% and 734%, respectively, even as the global economy was rattled by recessions, geopolitical conflicts, trade wars, and a worldwide pandemic. Therefore, investors who tuned out the near-term noise and simply held their stocks for the long term got a lot richer. So instead of fretting over the near-term chaos from higher tariffs, let's take a deep breath and review two long-term winners: Amazon (NASDAQ: AMZN) and Costco Wholesale (NASDAQ: COST). Both of these resilient stocks beat the S&P 500 and Nasdaq over the past two decades, and they might maintain that market-beating momentum for the next 20 years. Amazon Amazon's stock has soared 10,410% over the past 20 years. From 2004 to 2024, its revenue grew at a compound annual growth rate (CAGR) of 25% as its net income increased at a CAGR of 26%. That growth was driven by the rapid expansion of its e-commerce marketplace and Amazon Web Services (AWS) cloud platform. Today, Amazon is the world's largest e-commerce and cloud infrastructure company. Its online marketplace serves over 315 million customers worldwide, and more than 200 million of those customers are locked into its Prime subscriptions -- which provide free shipping, discounts, digital streaming services, and other perks. AWS controlled 33% of the global cloud infrastructure market at the end of 2024, according to Canalys. Amazon usually subsidizes the expansion of its lower-margin retail business with its higher-margin cloud business. That unique business model gives it an edge against other retailers, and it could partly offset the impact of Trump's higher tariffs on its retail business. Amazon's cloud platform has also been rolling out more tools and services to support generative AI applications. From 2024 to 2027, analysts expect Amazon's revenue and earnings per share (EPS) to grow at a CAGR of 10% and 20%, respectively. It still looks reasonably valued at 26 times next year's earnings, so its recent tariff-induced swoon looks like a good buying opportunity. Costco Wholesale Costco's stock has rallied 2,110% over the past 20 years. From fiscal 2004 to fiscal 2024 (which ended last September), the warehouse retailer's revenue rose at a CAGR of 9% as its net income increased at a CAGR of 11%. Costco's steady growth was driven by its store openings, new memberships, and high renewal rates. From fiscal 2004 to fiscal 2024, its number of warehouses more than doubled from 442 to 891 locations, its number of cardholders more than tripled from 42.4 million to 136.8 million, and its global renewal rate rose from 86% to 90.5%. As a warehouse retailer, Costco attracts its customers with bulk discounts. It also increases the stickiness of its memberships with additional discounts for fuel sales, optical services, insurance plans, and vacation packages. It can afford to sell its products at low margins because it generates most of its operating profits from its membership fees. Costco will inevitably be affected by rising tariffs, but higher costs will likely also drive cost-conscious shoppers to make more bulk purchases. So as long as Costco keeps opening new stores, gaining more cardholders, and maintaining high renewal rates, its profits should keep climbing. From fiscal 2024 to fiscal 2027, analysts expect Costco's revenue and EPS to grow at a CAGR of 7% and 10%, respectively. Its stock might seem a bit pricey at 48 times next year's earnings, but it could head even higher over the next two decades as more investors recognize the resilience of its evergreen business model. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $244,570!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $35,715!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $461,558!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon. Continue » *Stock Advisor returns as of April 5, 2025
Yahoo
23-02-2025
- Automotive
- Yahoo
Austin Hill dominates, wins third consecutive Xfinity Series race at Atlanta
Richard Childress Racing's Austin Hill won his third consecutive NASCAR Xfinity Series race at Atlanta Motor Speedway in another dominant performance on a drafting-style track in the Bennett Transportation & Logistics 250. The driver of the No. 21 Chevrolet led 146 of 163 laps at the 1.54-mile Georgia track. Hill also made history, passing Dale Earnhardt Jr. (691) for most laps led at drafting tracks in Xfinity Series history as Hill reached 734 circuts led on Saturday. Justin Allgaier, Aric Almirola, Sammy Smith and Nick Sanchez rounded out the top five. MORE: | Jeb Burton, Daniel Dye, Leland Honeyman, William Sawalich and Harrison Burton completed the top 1o. The Xfinity Series will go road-course racing at Circuit of The Americas next Saturday, March 1, for the Focused Health 250 (2:30 p.m. ET, The CW, PRN Radio, SiriusXM NASCAR Radio). This story will be updated.
