Latest news with #Gross
Time of India
2 days ago
- Business
- Time of India
Vodafone Idea share price target above Rs 12? What brokerages say
Amid persistent concerns over subscriber erosion and a heavy debt burden, Vodafone Idea (VIL) shares have drawn the attention of several brokerage firms, with some projecting the stock could rise to as high as Rs 12.10. The company posted soft Q4FY25 results wherein the consolidated net loss was reported at Rs 7,166.1 crore for the quarter ended March 31, 2025 (Q4FY25), marking a 6.6% improvement from the Rs 7,674.59 crore loss reported in the same quarter last year. Further, the company is not able to see any visibility on relief on its long-standing Adjusted Gross Revenue (AGR) dues, amounting to nearly Rs 30,000 crore. Following this, analysts across brokerage firms have weighed in on their views about the stock. Here's what they say: UBS: Buy| Target price: Rs 12.10 The brokerage firm noted that VIL's Q4FY25 results were below their expectations. Additionally, the company lost 1.6 million subscribers in Q4 (vs a loss of 5.1-5.2 million in Q2/Q3 and UBS's estimate of 1.8 million subscriber loss in Q4). Overall, the results were slightly lower than the estimates and UBS noted that an eye needs to be kept on the fundraise updates, capex plan, 5G coverage and any potential AGR / spectrum relief measures. Nuvama: Hold| Target price: Rs 7.5 According to Nuvama, Vodafone Idea reported in-line Q4FY25 results, with revenue declining 0.9% quarter-on-quarter due to muted ARPU growth, partly attributed to fewer working days in the quarter. Nuvama observed that while subscriber losses have moderated to pre-tariff hike levels, they still impede the company's recovery. The delay in debt funding remains a major overhang on VIL's viability. The brokerage cut its FY26E and FY27E EBITDA estimates by 7% and 4% respectively, citing further dilution from the government's equity holding. VIL is valued at 11x FY27E EV/EBITDA. Also read: Yes Bank shares crack 7% after 3% equity changes hands via block deals Macquarie: Underperform| Target price: Rs 6.50 Global brokerage firm Macquarie reported that VIL posted a weak set of Q4FY25 results, missing estimates due to continued subscriber erosion and higher interest burden. VI's net subscriber base declined by 1.6 million quarter-on-quarter to approximately 198 million, while ARPU rose marginally by 0.6% to Rs 164. Macquarie noted that the company's government dues stood at around US$22.5 billion, with US$4.3 billion of spectrum dues converted to equity, leading to a 49% government shareholding. In contrast, bank and financial liabilities were lower at US$0.3 billion, and the cash balance stood at US$1.2 billion. The board has approved a Rs 200 billion (US$2.3 billion) fundraise via equity, debt, or a hybrid route. The brokerage highlighted that the ongoing erosion in subscribers indicates persistent structural challenges, and despite the government being the largest shareholder, any further equity infusion remains uncertain. Macquarie continues to see industry-wide tailwinds from tariff hikes benefiting Bharti Airtel and Reliance Industries, which it maintains as Outperform-rated stocks. Motilal Oswal: Sell| Target price: Rs 6.5 Motilal Oswal also highlighted that Vodafone Idea continues to lose market share to peers due to weaker ARPU conversion, a weaker subscriber mix, and high churn rates. The telco is planning a significant capex cycle of Rs 50,000–Rs 55,000 crore over the next two to three years to bridge the network gap with competitors. However, the brokerage noted that regaining lost subscribers will remain challenging, given rivals' stronger cash flows and deeper financial reserves. Motilal Oswal added that Vodafone Idea's network investments are heavily reliant on fresh debt funding, which itself hinges on continued AGR relief and government support, with an estimated Rs 20,000 crore annual cash shortfall projected through FY26–31. Stabilizing the subscriber base and securing further government relief are seen as crucial to the company's long-term survival. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ETMarkets WhatsApp channel )
Yahoo
2 days ago
- General
- Yahoo
Florida motorcyclists injured after hitting six-foot alligator on highway
Two motorcyclists were hospitalized over the weekend after striking a six-foot alligator on a Florida highway, according to state Highway Patrol. The bizarre collision took place Saturday around 6:00pm on Interstate 4 in Volusia County, according to WOFL, an Orlando-based FOX affiliate that spoke exclusively with both bikers. Florida Doorbell Camera Captures Alligator Up On Hind Legs, 'Knocking' On Door 67-year-old Cameron Gilmore, who sustained a broken foot and toes after hitting the alligator, told WFOL that he and 25-year-old Brandi Gross were riding with a larger group when the former noticed a "big blob in the road." "I thought it was a semi-tire that came off the tread or something," Gilmore said. However, the "blob" in question wasn't a tire – it was an alligator that threw him off of his motorcycle after he hit it. Read On The Fox News App "I said, 'Uh, help me, Jesus'," Gilmore told WOFL. "And I, um, just kept flipping. I'm like, when is this going to stop?" He continued. "And then I started sliding, and I'm like, when is this gonna stop? Just sliding and sliding, and then it went off the road into the grass, and, um, couldn't move much." Florida Homeowner Finds 98 Iguana Eggs In Backyard: 'It's The Most We've Ever Removed From One Site' Gross, who was right behind Gilmore, suffered a similar fate. "I just seen something, and like, once I realized what it was, it was just too late," she told the network. "I was like, 'oh crap, you know, like,' and it just, the impact happened. I flipped over, and I just wasn't expecting a gator to be in the middle of the road right there." Gross reportedly sustained a concussion and cracked the bone on the side of her wrist. As for the alligator, the extent of its injuries remains unknown – and the crash is under investigation. Gilmore and Gross, however, remain upbeat despite their injuries. "They're calling me Gator Gilmore instead of Florida man," Gilmore said, before admitting that he is, indeed, "getting called Florida man, too."Original article source: Florida motorcyclists injured after hitting six-foot alligator on highway
Perth Now
6 days ago
- Sport
- Perth Now
Hot to Bo: Eagles' top pick returns for Cat fight
Bo Allan will return to West Coast's side for Sunday night's clash with Geelong, but the Eagles' top draftee is set for a role on the wing. Allan will play his second match at the level in the WA Day eve fixture, edging fellow first-year gun Tom Gross out of the side. Gross is one of three outs from the Eagles' side that lost to Adelaide by 66 points at the weekend, joining Jake Waterman (shoulder) and forward-ruck Bailey Williams (managed). Allan will play his second game and first since he was suspended on debut for an incident with former Melbourne captain Jack Viney in his long-awaited debut in round eight. It was the latest in a series of interruptions for the No.16 pick in last year's draft, with two separate bouts of illness costing him an earlier debut. Allan is joined by forward-ruck Jack Williams — who is fresh of kicking four goals in the WAFL — and 203cm forward Archer Reid in coming into the team to face the fifth-placed Cats. It means Eagles fans will have to wait to see fellow 2024 draftee Jobe Shanahan who was listed as an emergency alongside Hamish Davis and Gross. West Coast coach Andrew McQualter hinted that Allan — who had spent the pre-season playing at half-back — could be set for a role on the wing after playing there for the Eagles' reserves against West Perth at the weekend. 'We did play Bo on the wing in the WAFL last week, so we're keen to explore a bit of mid, wing, half-back for him,' McQualter said. Eagles WAFL coach Kyal Horsley praised Allan for his 15-disposal outing against the Falcons. 'Bo played with a tenacity and physicality which stood out in the conditions,' Horsley told the club website. 'He had some explosive moments where he opened the game up for us.' Williams also returns for the first time since the loss to the Demons last month and will likely back up Matt Flynn in the ruck. Archer Reid played the first nine games of the year but was managed ahead of the win over St Kilda and returned through the WAFL last week. Archer Reid of the Eagles kicks the ball. Credit: Morgan Hancock / Getty Images The 19-year-old key forward is set to play as the second tall forward alongside co-captain Oscar Allen in the absence of Waterman. Geelong have made only the one change, resting Jed Bews with Connor O'Sullivan coming into the 23. Sunday, Optus Stadium, 5.20pm EAGLES B: R Maric H Edwards R Ginbey HB: L Duggan S Brock L Baker C: J Hutchinson T Kelly J Hunt HF: J Graham A Reid E Hewett F: T Brockman O Allen L Ryan FOLL: M Flynn B Hough H Reid I/C: N Long B Allan T Cole J Williams T Dewar EMG: J Shanahan H Davis T Gross IN: A Reid B Allan J Williams J Shanahan H Davis OUT: J Waterman (shoulder) B Williams (managed) T Gross (omitted) CATS B: C O'Sullivan S De Koning J Henry HB: Z Guthrie T Stewart M O'Connor C: M Blicavs M Holmes O Dempsey HF: G Miers S Mannaghan B Close F: S Neale J Cameron T Stengle FOLL: R Stanley B Smith T Atkins I/C: L Humphries O Mullin O Henry T Clohesy M Duncan EMG: J Bews O Wiltshire G Stevens IN: C O'Sullivan OUT: J Bews (managed)
Iraqi News
28-05-2025
- General
- Iraqi News
Iraqis restore ancient tomb of Rabbi Isaac Gaon in Baghdad
Baghdad – In a vibrant Baghdad district, labourers are working tirelessly to repair the centuries-old shrine of a revered rabbi in an effort to revive the long-faded heritage of Iraq's Jewish community. A few months ago, the tomb of Rabbi Isaac Gaon was filled with rubbish. Its door was rusted, the windows shattered and the walls stained black from decades of neglect. Today, marble tiling covers the once-small grave, and at its centre stands a large tombstone inscribed with a verse, the rabbi's name and the year he died: 688. A silver menorah hangs on the wall behind it. 'It was a garbage dump and we were not allowed to restore it,' said the head of Iraq's Jewish community, Khalida Elyahu, 62. The Jewish community in Iraq was once one of the largest in the Middle East, but now it has dwindled to just dozens. Baghdad today has one synagogue left, but it has no rabbis. And many houses that once belonged to Jews are abandoned and dilapidated. The Jewish community itself is funding the shrine's restoration, at an estimated cost of $150,000. The project will bring 'a revival for our community, both within and outside Iraq', Elyahu said. With the backing of Iraqi officials, she said she hopes to restore more neglected sites. Little information is available about Rabbi Isaac. But when Iraq's National Security Adviser Qassem al-Araji visited the tomb earlier this year, he said the rabbi had been a finance official. Baghdad today has one synagogue left, but it has no rabbis Rabbi Isaac Gaon was prominent during the Gaonic period, also known as the era of Babylonian academies for rabbis. The term 'Gaon' is likely to refer to his position as the head of one such academy. His name was mentioned in the 10th century by another rabbi, who told a tale that never appeared elsewhere, according to Professor Simcha Gross from the University of Pennsylvania. 'There is only one single story,' said Gross. It goes that Rabbi Isaac led 90,000 Jews to meet Ali Ibn Abi Talib, the fourth Islamic caliph and a relation of the Prophet Mohammed, who is also revered by Shiites as the first Imam, during one of his conquests in central Iraq. 'We have no other evidence for this event, and there are reasons to be sceptical,' Gross said. Nothing else is known about Rabbi Isaac, not even his religious opinions. But the tale has origins that are not without context, said Gross. In the 10th century, minorities — Christians, Jews, and Zoroastrians — began to tell stories of how they greeted 'Muslim conquerors' because 'their privileges including taxes were dependent on whether or not they were believed to have welcomed the Muslims', he said. At that same time, Jewish shrines started to appear, even though Jewish roots in Iraq date back some 2,600 years. According to biblical tradition, Jews arrived in Iraq in 586 BC as prisoners of Babylonian king Nebuchadnezzar II after he destroyed Solomon's Temple in Jerusalem. In Iraq, they wrote the Babylonian Talmud. Thousands of years later, in Ottoman-ruled Baghdad, Jews made up 40 percent of the population. A turning point was the 1941 pogrom in Baghdad when more than 100 Jews were killed. Like other Jewish communities in the Arab region, their history has changed since the Palestinian Nakba — 'catastrophe' in Arabic — and Israel's creation in 1948. Soon afterwards, almost all of Iraq's 135,000 Jews went into exile. Decades of conflict and instability — Saddam Hussein's dictatorship, the 2003 US-led invasion and the ensuing violence — completed the community's erosion. The Jewish community in Iraq was once one of the largest in the Middle East, but now it has dwindled to just dozens Some who stayed on converted to other religions, or do not reveal their faith. Today, 50 synagogues and Jewish sites remain, Elyahu said. Most are crumbling, and some have become warehouses. Rabbi Isaac's shrine once included a synagogue and a school, but has been reduced to the small room housing the grave, the restoration's supervisor said. 'It took us two months to clean it of garbage,' said the supervisor, who asked to remain anonymous. Now 'we are receiving requests from outside Iraq to visit it'. Decades ago people would come to pray and light candles, believing in the rabbi's 'healing powers'. Mussa Hayawi, 64, lives nearby. He recounted stories from his childhood in a quarter which was, until the 1940s, one of several Jewish districts in Baghdad. He said women used to soak themselves in water from the shrine's well, hoping to conceive. Rabbi Isaac 'was a revered man'. People came 'to pray for their sick, to ask for a baby, or the release of a prisoner', Hayawi said.
Time of India
28-05-2025
- Politics
- Time of India
Iraq's Jewish community saves a long-forgotten shrine
Representative AI image BAGHDAD: In a vibrant Baghdad district, labourers are working tirelessly to repair the centuries-old shrine of a revered rabbi in an effort to revive the long-faded heritage of Iraq's Jewish community. A few months ago, the tomb of Rabbi Isaac Gaon was filled with rubbish. Its door was rusted, the windows shattered and the walls stained black from decades of neglect. Today, marble tiling covers the once-small grave, and at its centre stands a large tombstone inscribed with a verse, the rabbi's name and the year he died: 688. A silver menorah hangs on the wall behind it. "It was a garbage dump and we were not allowed to restore it," said the head of Iraq's Jewish community, Khalida Elyahu, 62. The Jewish community in Iraq was once one of the largest in the Middle East, but now it has dwindled to just dozens. Baghdad today has one synagogue left, but it has no rabbis. And many houses that once belonged to Jews are abandoned and dilapidated. The Jewish community itself is funding the shrine's restoration, at an estimated cost of $150,000. The project will bring "a revival for our community, both within and outside Iraq", Elyahu said. With the backing of Iraqi officials, she said she hopes to restore more neglected sites. Who was he? Little information is available about Rabbi Isaac. But when Iraq's National Security Adviser Qassem al-Araji visited the tomb earlier this year, he said the rabbi had been a finance official. Rabbi Isaac Gaon was prominent during the Gaonic period, also known as the era of Babylonian academies for rabbis. The term "Gaon" is likely to refer to his position as the head of one such academy. His name was mentioned in the 10th century by another rabbi, who told a tale that never appeared elsewhere, according to Professor Simcha Gross from the University of Pennsylvania. "There is only one single story," said Gross. It goes that Rabbi Isaac led 90,000 Jews to meet Ali Ibn Abi Talib, the fourth Islamic caliph and a relation of the Prophet Mohammed, who is also revered by Shiites as the first Imam, during one of his conquests in central Iraq. "We have no other evidence for this event, and there are reasons to be sceptical," Gross said. Nothing else is known about Rabbi Isaac, not even his religious opinions. But the tale has origins that are not without context, said Gross. In the 10th century, minorities, Christians, Jews, and Zoroastrians, began to tell stories of how they greeted "Muslim conquerors" because "their privileges including taxes were dependent on whether or not they were believed to have welcomed the Muslims", he said. At that same time, Jewish shrines started to appear, even though Jewish roots in Iraq date back some 2,600 years. According to biblical tradition, Jews arrived in Iraq in 586 BC as prisoners of Babylonian king Nebuchadnezzar II after he destroyed Solomon's Temple in Jerusalem. In Iraq, they wrote the Babylonian Talmud. Thousands of years later, in Ottoman-ruled Baghdad, Jews made up 40 percent of the population. A turning point was the 1941 pogrom in Baghdad when more than 100 Jews were killed. Like other Jewish communities in the Arab region, their history has changed since the Palestinian Nakba -- "catastrophe" in Arabic -- and Israel's creation in 1948. Soon afterwards, almost all of Iraq's 135,000 Jews went into exile. Blessings Decades of conflict and instability, Saddam Hussein's dictatorship, the 2003 US-led invasion and the ensuing violence completed the community's erosion. Some who stayed on converted to other religions, or do not reveal their faith. Today, 50 synagogues and Jewish sites remain, Elyahu said. Most are crumbling, and some have become warehouses. Rabbi Isaac's shrine once included a synagogue and a school, but has been reduced to the small room housing the grave, the restoration's supervisor said. "It took us two months to clean it of garbage," said the supervisor, who asked to remain anonymous. Now "we are receiving requests from outside Iraq to visit it". Decades ago people would come to pray and light candles, believing in the rabbi's "healing powers". Mussa Hayawi, 64, lives nearby. He recounted stories from his childhood in a quarter which was, until the 1940s, one of several Jewish districts in Baghdad. He said women used to soak themselves in water from the shrine's well, hoping to conceive. Rabbi Isaac "was a revered man". People came "to pray for their sick, to ask for a baby, or the release of a prisoner", Hayawi said.
