Latest news with #740
Business Upturn
26-05-2025
- Business
- Business Upturn
PG Electroplast block deal tomorrow: Promoter to sell 5% stake worth Rs 1,177 crore
By News Desk Published on May 26, 2025, 20:27 IST PG Electroplast Ltd is set to witness a major block deal on May 27, 2025, as the company's promoter is expected to offload over 5% stake in the firm. The total deal size is pegged at ₹1,177 crore, with the floor price set at ₹740 per share, representing a 4.4% discount to the current market price. As of 3:30 PM IST on May 26, the stock closed at ₹773.95, marginally down 0.06%, after trading in a volatile range between ₹755 and ₹780.95 during the session. The stock had opened at ₹777.85 and saw renewed buying interest toward the close, as news of the block deal circulated in the market. At a market capitalization of ₹21,930 crore and a P/E ratio of 73.36, PG Electroplast remains a key player in the electronics manufacturing space. The block deal is expected to improve liquidity and broaden institutional holding in the stock. Further details, including buyer names and transaction execution, will be closely tracked when the block window opens on Tuesday. Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions. News desk at
Time Out Dubai
21-05-2025
- Time Out Dubai
Not eligible for visa-on-arrival in Dubai? 5 easy ways to get a tourist visa
Planning a trip to Dubai? With its dazzling architecture, endless activities and unique attractions, it's always a good idea to visit. Passport-holders of certain countries are eligible for tourist visa-on-arrival, but if you aren't a citizen of the eligible countries, don't fret. There are plenty of ways to apply for a Dubai visa. Firstly, you need to decide which tourist visa suits your trip (we've listed the four choices for you) and then it's on to securing your visa (we've covered this too). Which type of Dubai tourist visa do I need? There are four types of tourist visas in Dubai. Which one you require depends on how long you want to be in the city and how many times you wish to enter. Each visa is priced differently. There is a short-term tourist visa single entry, which lasts for 30 days from the date of entry and is not extendable. This Dhs250. Another option is a short-term tourist visa with multiple entries, this lasts for 30 days from the date of entry and is not extendable but allows the visa holder to come in and out of Dubai. The price is Dhs690. The third choice is a long-term tourist visa single entry, this lasts 90 days from the date of entry and is not extendable. This option is Dhs600. The final option is a long-term tourist visa with multiple entries. This lasts 90 days from the date of entry and is not extendable and costs Dhs1,740. You may also like: Why you should consider visiting Japan in 2024 How do I get a Dubai tourist visa? An application through the GDRFAD You can apply for a Dubai visa through the UAE General Directorate of Residency and Foreigners Affairs Dubai portal (GDRFAD) online portal or via the app. All you need to do is log in, fill out the form online, upload relevant documents, pay the fee and submit your application. Through a travel agency If you're booking your flight tickets through a specific travel agency, an easy way to sort your visa is via the same agency. You will need to fill out an application form and provide them with certain documents, including proof of flight and hotel bookings. Some visa agencies in Dubai you could try include Regal Dubai Travel Agency, Arabiers Tours Dubai and Green Apple Travel and Tourism. Via Emirates Airways Flying with Emirates? If you've booked your flights with Emirates Airways, you can easily book your visa through the website or app, too. Emirates has a country eligibility list for various kinds of visas, so take a look before filling out your application. There's the option to apply for pre-arranged visas, ranging between 48-hour visas and up to 60 days, for single and multiple entries. At a travel shop There are bound to be many travel shops in your home country where you can apply for a Dubai tourist visa. You are most likely able to sort travel insurance, hotel bookings and more when at a travel shop. Get a transit visa instead Can't get a visa on arrival and have a flight in the next 48 or 96 hours? Then you can opt for a 48-hour transit visa, which is free of charge and a 96-hour visa, priced at Dhs50. A transit visa application takes three to four days to process, so apply a few days before you plan to arrive in Dubai. You can apply for this visa with a UAE-based airline or a travel agency via the (GDRFAD) online portal. What do I need for a tourist visa application? Before you find the portal or company to process your Dubai visa, getting your documents in order will make the process a breeze. The documents may vary by visa type and your home country, but some general documents you may need include: Return ticket. Health insurance, in some cases. A colour photograph. Proof of accommodation (e.g. a hotel booking). Colour passport copy. Learn more about the Dubai tourist visa process and documents here. Need some more visa information? 7 major Dubai visa changes you need to know about in 2025 New ways of getting a long-term stay UAE visa-free country list: Where you can travel from and receive a visa on arrival Citizens from many countries can enter the UAE visa-free. Every UAE golden visa category explained: How do I apply and what are the benefits? You may well qualify without knowing it
India Gazette
17-05-2025
- Business
- India Gazette
India curbs Bangladeshi exports via land ports after 'landlocked' remarks of Yunus
New Delhi [India], May 17 (ANI): India has imposed restrictions on the entry of Bangladeshi ready-made garments (RMG) and other products through its northeastern land ports -- Assam, Meghalaya, Tripura, Mizoram -- and Fulbari and Changrabandha in West Bengal, following controversial remarks by Bangladesh's interim chief advisor Muhammad Yunus. During a speech in China, Bangladesh's Chief Adviser Yunus had described India's northeastern states as a 'landlocked region with no access to the ocean.' This comment has sparked diplomatic friction, with Indian officials viewing it as undermining the region's connectivity and status. The new restrictions will force Bangladesh to reroute exports -- including Ready-Made garments (RMG), plastics, melamine, furniture, juices, carbonated drinks, bakery items, confectionery, and processed foods -- through Kolkata port in West Bengal or Nhava Sheva port in Maharashtra, sharply increasing logistics costs. With 93 per cent of Bangladesh's exports to India previously moving through these land routes, the impact on its RMG sector -- which exports nearly USD 740 million worth of garments to India annually -- could be severe. Indian officials defended the move as a step toward ensuring 'fair trade,' highlighting that Bangladesh enjoys unrestricted access to India's northeastern markets while imposing barriers on Indian exports. They also noted that Bangladesh charges Indian goods 1.8 taka per tonne per kilometre, more than double its domestic rate of 0.8 taka. 'Bangladesh cannot assume market access without reciprocity. For years, India extended concessions without equal returns. This decision restores balance,' an Indian official told ANI. According to sources, Bangladesh continues to impose port restrictions on Indian exports particularly at ICP's bordering North Eastern states. Industrial growth in the Northeastern States suffer a triple jeopardy due to imposition of unreasonably high and economically unviable transit charges by Bangladesh denying in practice access for the Northeast to the Indian hinterland. The move is expected to disrupt Bangladesh's garment industry, raising costs and limiting market access, while creating new opportunities for Indian manufacturers. (ANI)
Hans India
02-05-2025
- Business
- Hans India
Adani Ports logs record Rs 11,061-cr PAT in FY25
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported an all-time high profit after tax (PAT) at Rs11,061 crore in FY25, up 37 per cent year-on-year. On a quarterly basis, the flagship company of the Adani Group posted an impressive 50 per cent PAT growth at Rs3,023 crore in Q4, up from Rs2,015 crore in the same period in FY24. Operating revenue grew by 16 per cent YoY to Rs31,079 crore in FY25, while domestic ports revenue increased 12 per cent to Rs22,740 crore (year-on-year). EBITDA was up 20 per cent at Rs19,025 crore (on-year). 'Our record-breaking performance in FY25, crossing Rs11,000 crore in PAT and handling 450 MMT cargo, is a testament to the power of integrated thinking and flawless execution,' APSEZ Whole-time Director and CEO, Ashwani Gupta, said. 'We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth,' he added. Mundra became the first port in India to cross 200MMT in a single year. Gupta further added that from Mundra Port crossing 200 MMT, to Vizhinjam Port rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore — every milestone reflects our long-term vision to become the world's largest ports and logistics platform. For FY25, the APSEZ Board has recommended a dividend of Rs7 per share – a payout of Rs1,500 crore.
Yahoo
05-04-2025
- Business
- Yahoo
Another Legendary LA Restaurant, Genghis Cohen, Set to Close
Landlords for the Genghis Cohen, a landmark Chinese eatery on Fairfax featured in "The Chinese Restaurant" episode of Seinfeld will shut the doors of its red-hued eatery at 740 N. Fairfax on May 31. "After over a three year long lease negotiation, the original location of the close," according to a statement released by the restaurant's owners Marc Rose and Med Abrous. They added that they were "unable to secure a long term lease solution at a reasonable rate as the property is being redeveloped by the landlords."The landlords N. Fairfax Holdings LLC filed an eviction order against Genghis Cohen in November, according to property records. It's unclear what the classic Chinese restaurant will be replaced with. Genghis Cohen, long considered a New York Style Chinatown eatery for Angelenos, will be moved to a temporary space a few blocks south on Fairfax once occupied by Sweet Chick this June until they are able to find a more permanent home. But the last service will be held on May 31. The closing marks the loss of yet another iconic L.A. eatery. Original Pantry, a DTLA staple for a century, closed last month. A slew of Sunset Boulevard restaurants are also preparing to serve last suppers in the coming months, among them Hudson House and the Den. "With so many iconic restaurants closing (from the past year alone Original Pantry Cafe, Le Petit Four, Patrick's Roadhouse, The list goes on) Marc and Med were hellbent on protecting this piece of LA restaurant history that they have stewarded over the last decade and tirelessly worked on finding a temporary location for the restaurant," the owners said in the statement. Genghis Cohen opened in 1983 by New York City native, music producer Allan Rinde who was working for Cherokee Studios at the time. He bought a pizza joint across the street and created Genghis Cohen, which served as a bit of home and a practice space for the bands he worked with. In 1997, Allan sold Genghis Cohen to long-time maitre d, Raymond Kiu, whose family ran the restaurant until they sold it a couple of regulars, the current owners. Never Miss a Beat! Subscribe to Los Angeles Magazine's The Daily Brief for daily updates delivered straight to your inbox. Join below or by clicking here.
