Latest news with #875
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.
Barnama
5 days ago
- Business
- Barnama
CPO Futures Extend Gains, Lifted By Stronger Soybean Oil Prices
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward trend to close higher today, as market sentiments were boosted by the rise in soybean oil prices on the Chicago Board of Trade. Palm oil trader David Ng said expectations of increased demand for CPO from China and other markets also contributed to the rise in prices. 'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot month June 2025 contract rose by RM32 to RM3,867 per tonne, July 2025 increased by RM32 to RM3,875 per tonne, and August 2025 went up RM35 to RM3,868 per tonne. September 2025 advanced by RM37 to RM3,862 per tonne, October 2025 gained RM36 to RM3,865 per tonne, and November 2025 rose by RM33 to RM3,866 per tonne. Trading volume widened to 49,593 lots from 34,817 yesterday, while open interest was slightly lower at 243,185 contracts from 243,913 contracts previously. The physical CPO price for June South was increased by RM30 to RM3,900 per tonne. -- BERNAMA
Yahoo
17-05-2025
- Yahoo
Two pedestrians walking on tracks dead after being struck by MARC train in Western Md.
(This story has been updated with new information and to correct the destination of Train 875.) A Maryland Transit Administration official confirmed late May 6 that two people walking on train tracks in southern Washington County were struck by a MARC train and died. "We are saddened by this tragic incident and remind the public that it is never safe to walk on or alongside railroad tracks," Maryland Transit spokesperson Veronica Battisti said in an email to The Herald-Mail. "We express our condolences to the victims and their families." About 100 passengers on MARC Train 875 were transferred to another train to complete their trip, Battisti said. Train 875 was heading west from Washington, D.C., to Martinsburg, West Virginia, around 6:15 p.m. on Tuesday, May 6, when the train struck the two people walking on the tracks, Battisti said. The incident occurred on train tracks in the Sandy Hook area, east of the Harpers Ferry station, she said. The investigation into the incident is ongoing. Earlier in the evening, CSX spokesperson Bryan Tucker, via email, confirmed an incident involving a MARC train on CSX tracks in southern Washington County. He referred further questions about the incident to the Maryland Department of Transportation. Tucker said a CSX special agent responded, as well as Washington County first responders. Transit posted messages on X, formerly known as Twitter, about police activity delaying a MARC train on the Brunswick line east of the Harpers Ferry station. CSX has tracks along Sandy Hook Road in southern Washington County that cross the Potomac River to Harpers Ferry. The Transit Authority posted after 6 p.m. on May 6 about the MARC Brunswick Train 875 being stopped east of Harpers Ferry station due to police activity and the train later being terminated with passengers to take Train 879. Train 875, according to the online MARC schedule, departs Union Station in Washington, D.C., shortly before 4:30 p.m., to head to Martinsburg. Battisti said May 7 that MARC Train Brunswick Line service was operating on a regular schedule that morning. Track 2 reopened around 9 p.m. May 6 with speed restrictions and all tracks were open at 10 p.m. May 6, Battisti said. CSX spokesperson Austin Staton said the route is used for freight and Amtrak as well as for MARC. Staton stressed that "this incident must serve as a reminder of the very real dangers of trespassing on railroad property and why it is important for the public to stay away from active railroad tracks and rail yards." More information about railroad safety can be found at Operation Lifesaver, a nationally recognized leader of rail safety education, according to Staton. A spokesperson for the Washington County Sheriff's Office referred questions about the incident to CSX on the evening of May 6. This article originally appeared on The Herald-Mail: CSX investigating MARC train fatalities in southern Washington County
New Straits Times
02-05-2025
- New Straits Times
Sales assistant loses RM100,000 to bogus FB mango seller
KUANTAN: Tempted to purchase Harum Manis mangoes through Facebook, a 58-year-old sales assistant ended up losing RM100,000 of her hard-earned savings to scammers. The fraudsters had tricked the woman into downloading a link, which had allowed them to access her bank account and make unauthorised transactions. Pahang police chief Datuk Seri Yahaya Othman said the woman was attracted by the Facebook advertisement selling the mangoes. "She made the payment for the purchase through a link, but the payment did not go through. The following day, she received a text message informing that her bank account had been blocked. "The woman was given another link to activate her bank account and she duly followed all the instructions. Some time later, she realised that money was missing from her bank account," he said in a statement. Yahaya said investigations revealed that the culprits had made 10 transactions from her bank account, resulting in losses amounting RM100,000. In a separate case, Yahaya said a 50-year-old trader lost RM107,000 after falling victim to a Facebook investment scheme early this year. Yahaya said the victim had spotted the investment scheme advertised on Facebook on Jan 21 this year and he was included into a WhatsApp group. "The trader was told to download an application before he transferred RM107,000 into four bank accounts to invest in the scheme. Later, he was informed that he had already earned RM449,875. "However, when the victim wanted to withdraw the money, the agent told him to pay RM30,000 tax. The victim realised that he had been cheated and lodged a police report." Yahaya urged the public to always check on before making any online cash transactions.
The Australian
27-04-2025
- Business
- The Australian
Former Domino's Pizza boss Don Meij offloads LA Bel Air mansion
Former Domino's Pizza boss Don Meij has sold his vast Bel Air trophy home in Los Angeles. The 1550sqm mansion, which boasts eight bedrooms and 15 bathrooms, fetched $US20m ($31.4m), some 4 per cent less than its $US20,875,000 purchase price in 2021. Factoring in currency exchange benefits, Meij likely took a profit as that equated to $28.3m in 2021 and $31.4m on its recent sale. Meij, who started working as a pizza delivery driver in Brisbane's Redcliffe in 1987, had funded the purchase when selling his Aspen retreat for $US10.25m in 2021, having purchased the chalet in 2013 for $US3,375,000. The Bel Air Road mansion sits on 2000sqm overlooking Stone Canyon Reservoir, sometimes referred to as LA's Lake Como, along with the city skyline. Its luxury features include an indoor pool and spa, home theatre and wine cellar, with multiple patios, according listing agent David Kramer at Compass. Meij first listed the hillside property in 2023 seeking $US29.95m, then seeking $US27.9m, which was reduced by late 2024 to $US22.95m, according to The LA market had been sluggish since a real estate transfer tax rise came into effect in April 2023 imposing a 4 per cent tax on sales over $US5m, up from 0.45 per cent, and a 5.5 per cent tax over $US10m. It was estimated that tax would raise $US600m to $US1.1bn annually; however, by late 2024 the tax had brought in just $480m given the lack of sales turnover, according to a study by the University of California. Revenues are directed to affordable housing production and homelessness prevention. Meij, who made headlines in 2018 when his $36.8m chief executive officer salary ranked as the biggest corporate pay packet in Australia at the time, was Domino's CEO for 22 years, until November 2024. He now resides in an apartment overlooking the Brisbane River at Newstead. The 537sqm Cavcorp-built Luminare penthouse was bought off the plan for $12.95m swapping it after selling his abode in Hamilton for $8.3m to car dealer Martin Roller. Federation flavour Sydney's Hunters Hill had the nation's top weekend auction result when $9,225,000 was paid for Marika, the 1904 Federation offering. The five-bedroom, four-bathroom home sits on a 2472sqm holding with tennis court, pool and a self-contained studio, on Augustine Street near the corner of Ryde Road. The residence, which has been restored and extended with a modern pavilion-style extension, sold to a family from nearby Pulpit Point. There was an $8m opening bid with two of the five registered bidders competing. Its price guidance had been $7.5m to $8.25m. It was built by dentist Leopold Carter, who sold it in the 1930s to the Caveneagh family who retained it until the 1980s. It has been more regularly traded in recent decades It last sold in for $3.32m in 2015, in 2009 at $2,825,000, and $2m in 2002. There were 398 auctions in Sydney, which returned a 66.2 per cent preliminary auction clearance rate, down from 67.9 per cent, according to CoreLogic. The weekend's second-highest known sale was in Sydney's Sutherland Shire where 19 Lomandra Place, Alfords Point sold under the hammer for $5,288,000. Three of the four registered bidders competed for the grand 2014-built home on a 6620sqm bushland holding. The vendors are upgrading to a bigger land holding, Ray White Sutherland Shire agent Matt Debreczeni said. Clearance slide With 1080 listings, the national preliminary auction clearance rate slid slightly to 64.2 per cent, down from 64.7 per cent during the Easter break. 'This week marks the lowest preliminary clearance rate since mid-December 2024,' CoreLogic's Tim Lawless said. 'The trend in auction clearance rates has been gradually easing since the week ending February 23, when the preliminary clearance rate reached 72.1 per cent following the 25-basis point RBA rate cut on February 19.' Noosa was among the busiest auction locations, with three of its seven listings finding buyers. Its priciest now comes with an $8.55m asking price through Tom Offermann Real Estate agent Tim McSweeney. The five-bedroom, four-bathroom 36 Seaview Terrace, Sunshine Beach listing has attracted some 4677 page views on so far. PropTrack says the nation will see 2090 auctions this week and next. Southern surge Melbourne has the nation's top clearance rate, while also being the busiest capital, hosting 472 auctions. Its preliminary clearance rate of 67.6 per cent, was up from 61.1 per cent a week earlier, according to Corelogic. However, Melbourne's priciest listing failed to sell when passed in at $3.26m at its Sunday afternoon auction in Balwyn. The five-bedroom, three-bathroom home had come with $3.3m to $3.63m guidance from Ray White agent Helen Yan, who started marketing it in early March. No distracting political corflutes anywhere on Knutsford Street, unlike the overload in signage for incumbent Monique Ryan and her opponent, Amelia Hamer, elsewhere in the eastern suburbs electorate. The three-level 2014 Trevor Hoyle-built brick house, which was last sold in 2021 by Zhang Xiaoming for $3.06m to Yang Li, drew a crowd of 80 at its overcast one-bid auction. PropTrack puts the Balwyn median house price at $2.88m, down 6.7 per cent annually, but up on its $2.55m median in 2021. Prize winner sells Canberra had 31 scheduled auctions, with a 45.8 per cent success rate so far, the lowest of any capital city. The ACT's priciest weekend auction listing at Forrest was postponed until May 10, with its price guidance remaining $4.5m-plus. Designed by architect Dominic Romano, the 9 Dampier Crescent home is 633sqm in size sitting on a 2267sqm holding, and was the winner of HIA best custom-built home in 2007. Its official land value is put at $3.3m. Perth only saw four results with its top sale in Sorrento for $2.325m. Three of the nine registered bidders sought the keys of the 1970s home at 6 High Street offered through Scott Langley at Ray White North Quays. The young builder-buyer is looking at extensions. The vendor was an east coast investor who paid $1.65m in 2021, with it most recently rented at $1250 a week. Focus of attention The most viewed residential listing on last week was Pala, on Winch Court, Mermaid Waters, which is scheduled for a May 16 Kollosche Prestige auction. Located on Lake Wonderland, the four level house features five bedrooms, open plan living and a rooftop terrace boasting Gold Coast skyline views. The property, designed by Joe Snell of Studio Snell for owner-builders Rob and Tui McKinnon of Havendeen Projects, has attracted more than 14,250 views in its first two weeks on The residence sits on a 1113sqm site with a 46m water frontage, with landscaping by Nest Landscape Design. The McKinnons purchased the property for $2,125,000 in 2018. Property The distinctive former VicRoads headquarters site in Melbourne's Kew is destined for a new life as high end apartments. The Weekend Australian Magazine Snap up this warm, low-maintenance retreat on 2 ha of semi-cleared bushland only 140km northwest of Sydney. Price guide: $900,000
