Latest news with #FIL
Filipino Times
3 days ago
- Sport
- Filipino Times
FCBG FIL Bahrain national select training camp concludes with resounding success
The Filipino Club Basketball Group (FCBG) FIL Bahrain National Select Training Camp was successfully concluded on May 23, 2025 at the Muharraq Club Gym, Bahrain, a highlight in the development of high-level basketball talent in the Kingdom. Organized by FCBG and Filipino Coaches in the Gulf, the Al Khobar, Riyadh, Jeddah, and Bahrain players underwent tough high-level skills development, holistic tactics training, and interactive team-building activities. For the Head Coach Jojo Arpon, the camp was more than just developing sports skills, but also developing the discipline and a higher level of understanding of the game for those attending the camp. 'It is not merely designed to enhance athletic abilities but also aimed to instill discipline and deepen the participants' understanding of the sport,' Coach Jojo said. He also stressed the importance of cultivating character along with basketball ability. Organizers and coaches both praised the players for their dedication and commitment, calling the camp a giant leap towards continuing to bring basketball closer to mainstream popular culture among Filipino communities throughout the Gulf. As the camp wrapped up, organizers were hopeful regarding upcoming projects and a burgeoning pipeline of talent to make its mark both locally and internationally. FCBG and FIL Bahrain publicly expressed gratitude to all officials, sponsors, coaches, and athletes who helped make it happen. Success with the project indicates dedication to higher standards of basketball in Bahrain and throughout the Gulf.
Business Standard
26-05-2025
- Business
- Business Standard
Finolex Ind spurts after PAT soars 112% QoQ
Finolex Industries surged 7.11% to Rs 223.80 after the company's standalone net profit surged 111.75% to Rs 150.26 crore while net sales rose 17.04% to Rs 1,171.81 crore in Q4 March 2025 over Q3 December 2024. Profit before tax (PBT) stood at Rs 202.77 crore in Q4 FY25, up 114.50% quarter-on-quarter, but down 7.30% year-on-year. However, the company's standalone net profit fell 6.92% while net sales declined 5.15% in Q4 March 2025 over Q4 March 2024. EBITDA for Q4 stood at Rs 171.27 crore, down 18.03% YoY. The EBITDA margin came in at 14.6%, lower than 16.9% in Q4 FY24. Volume in pipes & fittings segment increased by 2% to 102,253 MT against 100,171 MT in Q4FY24 in-spite of weak demand scenario. For the full year, net profit fell 0.06% to Rs 455.01 crore while net sales declined 4.06% to Rs 4,141.97 crore in the year ended March 2025 over the year ended March 2024. PBT before exceptional item fell 4.20% year-on-year to Rs 587.70 crore in FY25 over FY24. EBITDA fell 18.65% to Rs 475.80 crore in FY25 over FY24. EBITDA margin stood at 11.5% in FY25, lower than 13.5% in FY24. Exceptional gain amounting Rs 416.99 crore was recorded in FY25 on completion of transfer of rights on leasehold land admeasuring approximately 25.27 acres situated at Chinchwad, Pune, along with structures. The company's standalone net cash from operating activities stood at Rs 382.68 crore in FY25, higher than Rs 353.30 crore in FY24. Prakash P. Chhabria, executive chairman, Finolex Industries said, "FIL has registered modest volume growth in Pipes & Fittings volume in-spite of weak demand scenario during the quarter and year. The operating performance of the company is muted mainly due to weaker realization on account of volatility in PVC prices. The companys endeavor to grow in non-agri segment is on going." Finolex Industries is engaged in the business of manufacturing PVC pipes and fittings and PVC resin.
Yahoo
25-04-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: SUI and POL Rise 7.5%, Leading Index Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2556.62, up 2.1% (+52.39) since 4 p.m. ET on Monday. Fifteen of 20 assets are trading higher. Leaders: SUI (+7.5%) and POL (+7.5%). Laggards: FIL (-4.5%) and XLM (-1.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Sign in to access your portfolio
Business Insider
21-04-2025
- Business
- Business Insider
CCarbon Announces Major Tokenomics Overhaul to Champion a Fairer, Greener Web3
LONDON, UK / ACCESS Newswire / April 21, 2025 / For years, flawed token distribution models have plagued the crypto industry. Token allocations that heavily favor project teams and institutional investors - leaving retail users with scraps - have become the norm. Investors with low acquisition costs and fast vesting schedules often cash out during price spikes, leaving regular users to absorb the damage. Even household names like Filecoin (FIL), once heralded as blue-chip projects, couldn't escape the "pump-and-dump" spiral. This issue is particularly damaging for mining-based token economies. When token prices fall, mining incentives collapse, triggering a downward spiral of user attrition and ecosystem stagnation. Against this backdrop, CCarbon has announced a bold economic upgrade to its CCT token - just ahead of Earth Day 2025. But this isn't just an internal protocol tweak. It's a values-driven statement: that sustainability, fairness, and user-first design must form the core of any truly regenerative token economy. The upgraded CCT distribution model is defined by four major shifts - each a deliberate departure from crypto's broken incentive structures: 1. Putting Users First: 70% Allocation to Real Contributors A full 70% of the total supply is allocated to user participation - 40% through carbon-reduction mining (e.g. walking) and 30% via staking. This ensures that the majority of tokens go to those actively driving value and sustainability within the ecosystem. It's not just symbolic - it's structural. 2. Utility-Driven Allocations: 24% Reserved for Ecosystem Growth Another 24% of the supply is dedicated to building the actual infrastructure of the project. This includes: l 10% for liquidity incentives l 5% for ecosystem development l 4% for community growth l 5% for IDO and initial access Funds are allocated to drive real-world integration: onboarding developers, scaling carbon markets, supporting carbon RWA initiatives, and expanding educational campaigns around carbon literacy. 3. Minimized Foundation Control: Only 6% to Core Entities CCarbon has capped the combined share of the foundation and tech lab at just 6% - a stark contrast to many projects where 20-30% is held by insiders. This underscores the project's commitment to decentralization, transparency, and governance driven by real participants. 4. Synchronized Token Release: One Pace for All Except for IDO participants, all stakeholders - including the foundation, ecosystem funds, and staking pools - will follow the exact same release schedule as carbon miners. If mining unlocks 0.2% in a given month, every other module releases the same proportion. No special treatment. No early exits. No unfair vesting advantages. In short: everyone marches to the same drumbeat - a mechanism designed to eliminate the all-too-familiar dynamic of users funding institutional exits. A Token Model Rooted in Purpose This overhaul is more than just a distribution change - it's a philosophical realignment. By releasing its new tokenomics ahead of Earth Day (April 22, 2025), CCarbon is reaffirming its founding vision:Make the world greener. Make the future better. But ambition alone isn't enough. Real-world impact requires an economic model that aligns incentives with environmental action. Through this reallocation of token weight and release rhythm, CCarbon is sending a message to the industry: l Tokens should incentivize participation - not just fundraising. l Distribution should empower the many - not enrich the few. l Vesting schedules should be synchronized - not gamified. A Shift in Logic, Not Just in Numbers This isn't a superficial adjustment. It's a fundamental redesign of how value flows through the protocol. At a time when fairness and alignment are the make-or-break factors for long-term crypto ecosystems, CCarbon is choosing the harder path: discipline over greed, structure over speculation. With ESG, carbon markets, and green finance on the rise, CCarbon's "green + fair" token architecture may serve as a blueprint for what the next generation of Web3 economies can - and should - look like. Because the future doesn't belong to speculators. It belongs to the doers - those walking, building, and believing in a better world. Media Contact: SOURCE: CCarbon View the original press release on ACCESS Newswire
Associated Press
29-03-2025
- Sport
- Associated Press
Luge officials predict 2026 Olympic sliding races will be in Italy, a good sign for Milan-Cortina
Next year's Olympic sliding races will be in Italy after all, international luge officials predicted Saturday in another ringing endorsement of the newly rebuilt track in Cortina d'Ampezzo. The International Luge Federation followed its bobsled and skeleton counterpart in declaring the testing of the track that Italy hopes to use at the 2026 Milan-Cortina Olympics a success. That's another sign that the sliding community fully expects the Olympic races to be in the Italian Alps and not at the Plan B site in Lake Placid, New York, next winter. 'See you in Cortina in February of 2026,' FIL general secretary Dwight Bell, the former longtime USA Luge president, said in a statement released by the international federation. That's not an official announcement; one of those will likely come from the International Olympic Committee. But the luge community's backing, combined with rave reviews that came from the International Bobsled and Skeleton Federation on Friday, almost certainly means sliding events will be in Italy — essentially ending plenty of doubt about whether an ambitious construction project to restore the historic Eugenio Monti track would be done in time for the Olympics. 'We are extremely satisfied with the testing conducted on the luge track in Cortina,' said Claire delNegro, the FIL's vice president for sport. 'Testing was done with athletes and coaches representing 11 countries from Europe, Asia and North America over 178 runs. The track was well prepared and improved daily so that final speeds achieved to date were aligned with design specifications.' About 60 athletes from around the world — roughly half of them Italian — took part in the bobsled, skeleton and luge runs over the last week. There is still much to do at the Cortina track, including building a roof and continuing to prepare the site for thousands of visitors during the 2025-26 sliding season. Various construction projects there are scheduled through Nov. 5, and Italian officials say they believe that target is doable. 'It's incredible what the Italians have achieved here in such a short space of time, at a level that is second to none,' world men's luge champion Max Langenhan of Germany said. 'I would never have thought that. I arrived with rather low expectations because there was so much going on around it. But when you see the energy here — they really do everything for it, and you can probably expect this spirit at the Olympic Games. It's fantastic.' Luge athletes are scheduled to have an international training period at the new track from Oct. 27 through Nov. 2, then return for a test event there in the final week of November. The bobsled and skeleton tours will hold their international training period from Nov. 7-16, followed by the season-opening World Cup races there from Nov. 17-23. The 1.749-kilometer (1.09-mile) Cortina track features 16 curves with an estimated top speed of 145 kph (90 mph) and with run times slated for 55-60 seconds. The Olympic Regional Development Authority, a state agency in New York that oversees Lake Placid's Olympic facilities — including the Mount Van Hoevenberg sliding complex — is going forward with major upgrades to refrigeration systems and other improvements this year anyway, and planned to whether or not the Olympic sliding races were coming to the Adirondacks. The final runs of the season on the track in Lake Placid were being taken this weekend, and construction has already started at the facility. ___
