Latest news with #Eco
Time of India
3 days ago
- Business
- Time of India
Google says it will appeal court's decision in Search case: Read company's 6-point response to remedies proposed by justice department
Google has announced that t plans to appeal a US antitrust ruling after a federal judge proposed milder remedies than those sought by antitrust regulators to address the company's dominance in online search. The update follows a Friday (May 30) hearing in Washington, where US District Judge Amit Mehta heard closing arguments on how to remedy Google's illegal monopoly in search and related advertising. What remedies DOJ has demanded and what the judge said The Department of Justice (DOJ) and a group of state attorneys general are seeking strong corrective measures, including forcing Google to share search data and stop paying billions to Apple and other smartphone makers to remain the default search engine on their devices. Judge Mehta, however, has suggested less aggressive options than the DOJ's proposal for a 10-year regulatory regime. The DOJ has expressed concern that Google's dominance in search also boosts its competitive edge in emerging technologies like artificial intelligence (AI), particularly through products such as Gemini. The DOJ's proposed remedies go miles beyond...: Google by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homeowners can claim a free boiler upgrade if they live in these postcodes Eco Green Tips Apply Now Undo Google, in a statement posted on X (formerly Twitter), said that it will wait for the decision and believes "the Court's original decision was wrong". Yesterday, we made closing arguments in the DOJ search remedies trial. The DOJ's proposed remedies go miles beyond the Court's decision & would harm consumers, businesses and America's tech leadership. Here are a few key points from our arguments. ⬇️ 1/ DOJ waved off very real privacy issues, saying they'd be resolved later on. In fact, one DOJ lawyer said 'the only thing we can do is give [rivals] more data.' 🤔 2/ When confronted with significant questions left open by their proposals (i.e. how much data should Google be forced to share?), DOJ just said it could all be worked out by a 'Technical Committee' of mostly govt-appointed experts. 3/ The DOJ's proposal reserves the right for the government to decide who gets Google users' data. Not the Court. 4/ The DOJ spent many hours trying to convince the Court to remake the tech sector. Meanwhile it's very clear the AI space is highly competitive today: Countless rivals in the AI space are growing fast & gaining users & distribution without government intervention. 5/ While we heard a lot about how the remedies would help various well-funded competitors (w/ repeated references to Bing), we heard very little about how all this helps consumers. 6/ We will wait for the Court's opinion. And we still strongly believe the Court's original decision was wrong, and look forward to our eventual appeal. Previously in a separate case, the DOJ sought Google's divestment of parts of its ad tech business, specifically Google Ad Manager , which includes its publisher ad server and ad exchange platform. A federal judge ruled that Google unlawfully controlled key parts of the digital advertising market. Powerbeats Pro 2 – Apple's Most Powerful Workout Buds Yet! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-05-2025
- Automotive
- Time of India
Maruti enhances safety in Alto K10, WagonR with 6 standard airbags
Maruti Suzuki has announced that it will offer six airbags as a standardised safety feature across its popular models available through Arena network--WagonR, Alto K10 , Celerio and Eco. This move underscores the company's commitment to offering enhanced safety for customers across diverse segments, Maruti Suzuki said in a statement. Speaking on the announcement, Partho Banerjee, Senior Executive Officer, MSIL, said, 'India's rapidly expanding modern road infrastructure, high-speed expressways, and evolving mobility patterns imply that the need for robust safety measures has never been greater. We at Maruti Suzuki are committed to staying ahead of evolving customer expectations and making high-end safety accessible." "Given the immense popularity of these models, this move substantially elevates safety standards for a vast number of motorists and contributes holistically to occupant protection nationwide,' he added. The company's largest carmaker sells models like WagonR , Alto K10, Celerio and Eeco through Arena sales network, while it sells premium models through Nexa outlets.
Yahoo
09-05-2025
- Business
- Yahoo
Prysmian SpA (PRYMF) Q1 2025 Earnings Call Highlights: Strong Start with Robust EBITDA and ESG ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Prysmian SpA (PRYMF) reported a strong start to 2025 with an EBITDA of 527 million, significantly ahead of last year. The company achieved an impressive organic growth of 5%, driven by transmission and supported by stability in Power Grid and growth in digital solutions. Free cash flow stood at 1 billion for the last 12 months, indicating strong cash generation. Prysmian SpA (PRYMF) is on track to achieve its ESG target of a 38% reduction by 2025, with a current reduction of 37%. The company confirmed its net zero target by 2035 and reported a significant improvement in the recycled content of copper, up by 300 basis points from last year. The company faced declining organic growth in the US due to tough comparisons from last year and bad weather impacts. There is a wait-and-see situation in the US market due to current tariff dynamics, affecting the IUC business. The industrial construction segment showed flat organic growth, with a 35 million shortfall compared to the previous year. Prysmian SpA (PRYMF) experienced a temporary negative effect on net income due to the negative value of metal derivatives. The company anticipates potential headwinds from forex exchange rates, which could impact future guidance. Warning! GuruFocus has detected 3 Warning Sign with PRYMF. Q: Can you provide some color on the performance of the Power Grid segment, particularly in medium voltage versus HVAC, and any differences between the US and Europe? A: The organic growth in Power Grid was slightly negative due to a strong demand in the previous year. Medium voltage demand remains strong, prompting significant investment in the US. The "wait and see" situation was due to bad weather affecting installations. In Europe, demand varies, with strong demand in North Europe and the UK, but weaker in France. (Unidentified_1) Q: What is the impact of moving to margin in constant metal prices, and how does it affect your targets for transmission and grid margins? A: The impact on transmission is minimal as it involves less metal. We maintain our target of 18-20% for transmission, with a slight increase for constant metal prices. For the INC space, the differential is higher, with a couple of points added for standard metal prices. (Unidentified_1) Q: Have you seen any increased traction from distributors in the US electrification market after the Eco deal? A: Yes, we have geared up our commercial organization to sell a full range of products, not just Anchor Wire products. Our service level has been impeccable, with 24-hour delivery for most products, which has been well-received by customers. (Unidentified_1) Q: Can you elaborate on the potential pipeline of new transmission projects and the impact of new US tariffs on your business? A: We have visibility of projects through 2028, with a strong pipeline for 2025. The US tariffs have led to a shift in customer behavior, with more demand for local production. We haven't seen increased competition from Asian players in Europe. (Unidentified_1) Q: How is the demand evolving for data centers, and have you observed any changes in trends? A: Demand for data centers remains strong, particularly in the US, where we are gaining market share. In Europe, the market is stable, and we are working to strengthen our position by collaborating with contractors. (Unidentified_1) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Annan's Eco Group makes four appointments to senior team
Annan-headquartered Eco Group has made four appointments to its senior team, including Nicola Black (pictured), who is new group marketing director (Image: Supplied) Annan-headquartered Eco Group has made four appointments to its senior team. The company, which specialises in contract manufacturing, organic brand manufacturing, and services to manufacturing, has appointed Nicola Black as group marketing director, Colin Hewitt as chief operating officer, Paula Laurie as deputy operations manager, and Steven McCreadie as head of Eco Dry Ice. The company offers products and services to commercial, industrial, public sector, and residential customers from its 3,000-square-metre headquarters in Annan. ADVERTISEMENT Advertisement Eco Group recently launched VASO Build Solutions, which, per a spokesperson, utilises "industrialised construction and digital manufacturing to create housebuilding solutions with a new sustainable panelling system manufactured from recycled glass." Earlier this year the company also officially launched cybersecurity initiative Resilience. Steven McCreadie, head of Eco Dry Ice (Image: Supplied) Eco Group launched with the Eco Dry Ice product 15 years ago. Founder and managing director, Eddie Black, said: "I am always proud of what we achieve as a team at Eco. "It's brilliant to be able to reward people who have played a key role in the company's development with these appointments. ADVERTISEMENT Advertisement "Nicola has been an integral part of the business since day one, and Colin, Paula, and Steven share the company's values and are ideally placed to drive us forward. Nicola said: "We have such a brilliant team, and so many exciting developments and innovative designs at Eco Group - it is a marketing director's dream. "It is exciting to be expanding the Eco brand globally and extending our solutions to industry challenges worldwide. "At the same time we continue to stay true to our roots as a company proud to be based in Scotland and the North of England, delivering the highest standard of service and innovative solutions to our clients in a range of sectors across the UK." ADVERTISEMENT Advertisement On his appointment as chief operating officer of Integrity IT and Resilience, Colin said: "I am really excited about the opportunity. Paula Laurie, deputy operations manager (Image: Supplied) "We have a great team of people in Carlisle and Annan to grow the business across the North of England and South-West Scotland, offering a bespoke, face-to-face service to clients. "Given the economic climate, our clients really appreciate the expertise and support we bring to their IT strategy to help them budget and plan. "With the cybersecurity issues we see, hear, and experience on a daily basis – including high-profile cases like M&S – we are finding that clients also highly value the advice and support of our cybersecurity experts in Resilience. ADVERTISEMENT Advertisement "It helps them sleep at night." Paula said: "I am delighted to progress within the company and am looking forward to working with Colin to drive the business forward. Colin Hewitt, chief operating officer (Image: Supplied) "We are a customer service-focused operation, building relationships with clients, meeting them face to face, and doing what is right for them and their businesses." Steven said: "Having started out with Eco Group as a trainee operative, it's a real privilege to be promoted to head of Dry Ice. "Putting the clients first, putting yourself in the client's shoes and asking yourself if you would be happy with that service, have stood me in good stead, and is an approach I will continue to take. ADVERTISEMENT Advertisement "I want to reach out to every industry, speak with engineering managers and maintenance managers, and show them the benefits Dry Ice cleaning can have on their businesses – improving maintenance, saving downtime, reducing costs, and increasing productivity and revenues. "Food and Beverage and Laundries are industries seeing first-hand the difference we can make to their businesses, and I am focused on spreading the word to many more." More information is available at
Time of India
27-04-2025
- Time of India
Seven feared dead, four injured as van plunges into well in Mandsaur
INDORE: Seven people were feared to be dead and four others injured when a van lost control after hitting a motorcycle and plunged into an open well in Mandsaur on Sunday afternoon. The incident occurred around 1.15pm on Sunday in the Narayangarh police station area near the Budha-Takarawat junction. A woman's body was recovered from the well, and the Eco van was pulled out using a crane. Among the victims was Gobar Singh, a resident of Abakhedi, who was riding the motorcycle at the time of the collision. Additionally, Manohar Singh, a local villager who entered the well to help with the rescue, also lost his life, reportedly due to gas inhalation inside the well. SP Abhishek Anand said that the van was carrying more than ten passengers who were traveling from Unhel in Ujjain district to the Aantari Mata temple in the Manasa region of Neemuch district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Following the accident, four injured individuals, including a three-year-old girl, were rescued and admitted to the Mandsaur district hospital for treatment. The injured were identified as Maya Keer, 26, Priyanshi, 3, Devendra, 12, and Mukesh, 27. Rescue operations were launched immediately with the help of local police, Home Guard personnel, and villagers. Images from the scene showed intense efforts as a crane was used to extract the submerged van from the well, while some passengers were still trapped inside during the operation. Deputy chief minister Jagdish Devda, district collector Aditi Garg, SP Abhishek Anand, Additional SP Gautam Solanki, and SDOP Narendra Solanki were present at the scene to oversee the rescue and manage the situation. Local residents initially began the rescue efforts, trying to save those trapped inside the van before authorities arrived. Sadly, in the process of attempting to help, Manohar Singh lost his life.
