Latest news with #Blackbuck
Time of India
6 days ago
- Business
- Time of India
Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 crore
Live Events Walmart-backed Flipkart has exited its investments in logistics tech firm Blackbuck and Aditya Birla Fashion and Retail (ABFRL) through separate block deals this week, cashing out stakes worth a combined Rs 1,250 transactions come amid a broader rebound in public markets, following a steep decline at the start of the year. The recent recovery has triggered a spate of secondary deals involving promoters, private equity (PE) firms and strategic investors trimming subsidiary Quickroutes International sold its entire 9% stake in Zinka Logistics, the parent of Blackbuck, for Rs 672 crore. The stake sale was executed through a block deal on Wednesday, marking Flipkart's exit from a decade-old investment in the Bengaluru-based deal data on the NSE showed Quickroutes offloaded more than 1.59 crore shares in two tranches, priced between Rs 420.06 and Rs 420.25 existing investors also pared their stakes. Peak XV Partners Investments VI sold 12.1 lakh shares for Rs 53 crore, while Accel India IV (Mauritius) and Accel Growth Fund V divested a combined 2.7% stake for Rs 204 the buy side, institutional investors, including Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India, acquired a total of 83.87 lakh shares, representing a 4.73% stake in the invested in BlackBuck in 2015, and had a 13.2% stake before the logistics firm listed in November 2024. The company was among early backers, including Accel and Tiger Global, who made four- to five-fold gains on their investments from the IPO. Flipkart had sold shares worth Rs 151 crore in the offer-for-sale (OFS) and still had a stake worth Rs 416 a separate transaction, Flipkart Investments sold its entire 6% stake in ABFRL for Rs 582 crore. The deal involved 73.17 million shares and was executed at a floor price of Rs 79.50 per share, representing a 7.6% discount to the previous close. According to sources, Goldman Sachs acted as the bookrunner for the transaction, which was completed on Wednesday of ABFRL had fallen sharply on Tuesday, closing at a low of Rs 76.10 on the BSE, down 11.49%. ABFRL houses a portfolio of brands including Louis Philippe, Van Heusen, Allen Solly, Peter England and Reebok. It also operates casualwear lines such as American Eagle and Forever 21. ET had reported in October 2020 about Flipkart acquiring a 7.8% stake in ABFRL for Rs 1,500 crore. This was when the etailer was strengthening its offline strategy in the fashion space and bulking up Myntra.
India.com
29-05-2025
- General
- India.com
Rare Species Of Flora And Fauna Discovered Near Delhi – A Must-See!
The Indian capital of Delhi earns its reputation as a concrete urban area through its population density together with its traffic problems and outward-building trend. Beneath Delhi's urban appearance exists an astounding natural biodiversity collection. The city borders the natural ecosystem remnants of Aravalli hills and Yamuna floodplains and various protected areas which protect rare animal and plant species. The distinct species which reside only in this area maintain the regional ecological equilibrium while safeguarding Delhi's natural history. A presentation of seven critical aspects explains why we can only observe unique flora and fauna species in Delhi and its surrounding areas. 1. The Aravalli Biodiversity Park: A Haven for Native Species The Aravalli Biodiversity Park exists in the southern part of Delhi to both reconstruct native plants and build wildlife habitats. The 692-acre park showcases more than 300 plant species where most are local to the Aravalli range. Two rare plant species the Anogeissus pendula and Boswellia serrata along with other native species grow naturally in this habitat. The park functions as a vital sanctuary for disappearing biodiversity in Delhi by fostering both birds and reptiles with insects. 2. Sarus Cranes: Majestic Birds of the Yamuna Floodplains One can locate the world's tallest flying bird of species Antigone antigone (Sarus Crane) throughout the Delhi region's wetlands near the Yamuna River. Each Sarus Crane reaches heights of six feet into the air with distinctive red heads and elongated necks. The Yamuna floodplains protect small remaining groups of wildlife because habitat destruction and increased agricultural lands have reduced their overall population. The conservation of Delhi's wetlands becomes vital because Sarus Cranes inhabit this region. 3. Nilgai populations inhabit the edges between urbanized areas and they go by the name Blue Bull. The Asian antelope species Nilgai (Boselaphus tragocamelus ) holds the title of Asia's biggest antelope and primarily resides in scrub forests and grasslands at Delhi's city limits. Mass populations of Nilgai inhabit northern India yet this species exhibits adaptation success within urban territories because they explore residential areas during feeding activities. Scientific trackers from conservation organizations follow Nilgais to stop conflicts between animals and humans as well as to protect the antelope species within broken-down habitats. 4. Blackbuck: An Endangered Antelope Making a Comeback The Blackbuck (Antilope cervicapra) gained notoriety as an endangered species that faced extinction from hunting activities and habitat loss but it has recently recovered in the areas near Delhi. Blackbucks have recovered to a limited extent due to the implementation of protective measures along with population reintroduction in Sultanpur National Park and other nearby sanctuaries. These creatures possess graceful spiral horns combined with a unique coat pattern that makes them stand out as one of the most attractive wildlife species in the area. Sustainable habitat for animal groups depends on the preservation of open grasslands. 5. Medicinal Plants of the Ridge Forest Numerous rare medicinal plants exist throughout the Delhi Ridge which people traditionally call 'green lungs' of the city. The rocky terrain supports the natural growth of Vasaka (Adhatoda vasica) which treats respiratory problems together with Giloy (Tinospora cordifolia) that strengthens the immune system. Traditional medicine benefits from these plants while they help preserve soil stability and support wild animals that inhabit the area. The Ridge forest conservation is crucial to protect these important botanical resources. 6. The Monitor Lizard Occupies Its Role As The Top Predator That Inhabits Urban Water Reservoirs Delhi residents can observe the Indian Monitor Lizard (Varanus bengalensis ) throughout its habitat near and in the city area. The reptiles rest near Sanjay Lake and Okhla Bird Sanctuary waters where they exist as top predators which feed on fish and birds alongside small mammals. Monitor lizards survive in particular urban areas despite the continuous threats of habitat destruction and animal poaching. Healthy aquatic environments with existing wildlife populations demonstrate that conservation work needs to keep advancing. 7. Migratory Birds: Seasonal Visitors to Delhi's Wetlands Thousands among thousands of migratory birds choose Delhi as their temporary winter base each year when they journey from Siberia and Europe and Central Asia. The Okhla Bird Sanctuary along with Najafgarh Drain serve as habitat for endangered bird species including Greater Flamingo (Phoenicopterus roseus ) and Ferruginous Duck (Aythya nyroca ). During their seasonal migration birds enhance Delhi's bird population numbers while demonstrating the vital need to conserve these wetland territories. These vital ecosystems require immediate protection because they face substantial threats from the advancing pollution and encroachment. Conclusion The location of Delhi between the Aravalli Hills and Yamuna River creates an optimal setting for the development of rare species to thrive. The wildlife zone includes remarkable species such as Sarus Cranes that share their habitat with medicinal plants of the Ridge forest region alongside development areas in Delhi. However, rapid urbanization, pollution, and climate change pose severe threats to their survival. Sustainable protection of natural wonders requires continuous alliance between citizens and policymakers and environmental organizations. The preservation of rare natural species through conservation action and knowledge sharing will maintain Delhi as their sanctuary while allowing humans to coexist with nature in an urban environment.
Time of India
27-05-2025
- Business
- Time of India
Trucking aggregator Blackbuck logs 31% rise in Q4 revenue, turns in a profit of Rs 280 crore
Live Events Trucking aggregator Blackbuck on Tuesday announced its January-March quarter results for the financial year 2024-25, which saw a 31% year-on-year (YoY) increase in operating revenue to Rs 121.8 crore from Rs 93.2 crore reported in the year Bengaluru-based company also turned profitable in the fourth quarter. Its net profit for the fourth quarter of FY25 stood at Rs 280.1 crore, which is a significant improvement from the Rs 90.7 crore loss reported last year for the same quarter. This is on account of the reduction in total expenses as well as a deferred tax credit of Rs 247 the March quarter, the company reduced its employee benefit cost to Rs 33 crore in Q4 FY25 from Rs 128 crore in Q4 FY24. Depreciation, amortisation and other expenses together brought the total expenses to Rs 93 crore, down from Rs 186 crore reported last year for the same company's core businesses, tolling and vehicle tracking solutions, continued to account for the majority of revenues and saw a 28% YoY growth in the March quarter compared to the year before for the financial year ended 31 March 2025, the company's losses narrowed to Rs 8.6 crore from Rs 193.9 crore reported in FY2024. The operating revenue for FY25 almost doubled to Rs 426.7 crore from Rs 296.9 crore.'Platform engagement metrics continue to grow, on a YoY basis: almost 21% growth in monthly transacting truck operators, almost 35% growth in payments GTV and growth of about 8.5% in time spent by users on the app in FY25,' the company said in its investor the company informed the stock exchanges that in a meeting held on Tuesday, its board of directors approved a proposal to change the company's name from 'Zinka Logistics Solutions Limited' to 'Blackbuck Limited' or any other name after the ministry of corporate affairs approves, subject to shareholder approval. Accel and Flipkart-backed Blackbuck got listed on the stock exchanges last November . On Tuesday, its share dropped 1.56% to close at Rs 457.45 on the BSE. The results were announced post-market hours.
Time of India
22-05-2025
- Entertainment
- Time of India
Security breach at Salman Khan's Mumbai flat: Person detained after trying to enter building illegally
Mumbai Police detained a person from Chhattisgarh after he tried to unlawfully enter the residence of Bollywood actor Salman Khan at Galaxy Apartments in Bandra. The incident occurred on May 20, when the individual, identified as Jitendra Kumar Singh, first appeared at the apartment complex around 9:45 AM. Claiming to be a fan, he insisted on meeting the actor. When security personnel denied him entry, he reacted by smashing his phone on the ground. As per the Times of India, despite being turned away, Singh returned later the same day at approximately 7:15 PM. This time, he used a vehicle belonging to a resident of the building in an attempt to gain access. Upon blocking a resident's car and running towards the premises, he was stopped by the police stationed at the gate and handed over to the Bandra police. During questioning, Singh reportedly told police that he was trying to hide because security personnel were not allowing him to meet Khan. He has since been booked under relevant sections of the Bharatiya Nyaya Sanhita. Police officials clarified that while the man did manage to get into the premises, he was intercepted before he could reach the actor's actual residence. High Security at Salman Khan's Residence Salman Khan's home has been under heightened security following a serious security threat last year. In April 2024, two individuals on a motorcycle fired four rounds outside Galaxy Apartments before fleeing the scene. In the aftermath, Khan was granted Y+ category security, reflecting the seriousness of the threat. The incident was later claimed by gangster Lawrence Bishnoi's gang through a social media post. The same group also took responsibility for the murder of Maharashtra minister Baba Siddique, who was known to be close to Khan. The enmity between the actor and the Bishnoi gang stems from the 1998 Blackbuck poaching case, as the Bishnoi community regards the animal as sacred. Multiple Threats in Recent Years This recent breach is not the only threat the actor has faced. Over the past few years, Salman Khan has received multiple death threats. Earlier this year, Mumbai's Transport Department received a WhatsApp message threatening to kill the actor by bombing his car and entering his home. A case was filed at the Worli Police Station regarding this threat, although the identity of the person behind the message remains unknown. The investigation into both incidents continues, as authorities assess the actor's security requirements in light of recurring threats. Apart form Salman, in January this year, actor Saif Ali Khan was attacked at his Mumbai residence. Police had said that the man had entered the house with the intention of robbery. The actor was rushed to Lilavati Hospital with multiple stab injuries and has since recovered.
NDTV
22-05-2025
- Entertainment
- NDTV
Man Illegally Enters Salman Khan's House, Says "Want To Meet Actor"
Quick Read Summary is AI generated, newsroom reviewed. A 23-year-old man, Jitendra Kumar Singh, illegally entered Salman Khan's residence in Mumbai, claiming he wanted to meet the actor. He was arrested after being confronted by security. Mr Khan has heightened security due to past threats and incidents. Mumbai: A 23-year-old man illegally entered Bollywood actor Salman Khan's residence in Mumbai - Galaxy Apartments - earlier this week, police said on Thursday. The man, identified as Jitendra Kumar Singh, entered the house on May 20 at around 7:15 pm. According to the police, Singh was first seen roaming around Mr Khan's house in Bandra around 9:45 am. The police officer deployed for Mr Khan's security asked him to leave. Angered by this, Singh threw his mobile phone on the ground and broke it. The same day in the evening, Singh entered the Galaxy Apartments in a car belonging to a person living in the same building. However, he was stopped by the police again, and this time, they handed him over to the Bandra police, officials said. During interrogation, Singh told the police that he wanted to meet the actor. "The police were not letting me meet him so I was trying to hide," he said. Singh, a resident of Chhattisgarh, was arrested, and a case was filed against him. Further investigation is underway, the police said. Salman Khan has been under a high security cover since the attack at his house last year. He was upgraded to Y+ security after the firing incident. On April 14 last year, two bike-borne men fired four rounds of gunshots at Mr Khan's Bandra residence and fled the spot. Gangster Lawrence Bishnoi's gang had claimed responsibility for the firing in a Facebook post and also said it was responsible for Maharashtra Minister Baba Siddique's murder - the 66-year-old politician who was known to be close to Salman Khan. The gangster, who is in prison, has a long-standing feud with the actor and has issued him multiple threats in the past. The feud originates from the Blackbuck shooting case as the Bishnoi community considers Blackbucks sacred. Mr Khan has also received many death threats over the past years, especially after he was convicted in the 1998 Blackbuck shooting case. Earlier this year, he received a death threat through a WhatsApp message sent to Mumbai's Transport Department in Worli. In the threatening message, the accused warned to kill the actor by entering his house and blowing up his car with a bomb. A case has been filed at the Worli Police Station against an unknown person who sent the message, officials said.
