Latest news with #HPS
Time of India
a day ago
- Politics
- Time of India
HC upholds order for Haryana to consider Arjuna awardee shooters for state civil services posts
Chandigarh: In a scathing ruling, the Punjab and Haryana high court has upheld an earlier decision directing the Haryana govt to consider international shooters and Arjuna Awardees Ankur Mittal and Abhishek Verma for appointments to the Haryana Civil Services (HCS) or Haryana Police Services (HPS), slamming the state and imposing a ₹50,000 penalty for "scuttling a genuine claim". The division bench, led by chief justice Sheel Nagu and justice Sanjiv Berry, rejected the state's appeal against the April 18, 2022 order issued by justice Arun Monga, saying the case was rooted in "sound and time-tested principles of service jurisprudence" and should never have gone to court. Policy Changed After Applications Mittal and Verma had applied for HCS/HPS posts under the 2018 sports policy, which entitled top-performing athletes to state govt jobs. However, the Haryana govt amended the policy on March 9, 2019, and applied it retrospectively from Sept 5, 2018, disqualifying the two shooters effectively. Calling the move deliberate and mala fide, the court ruled that such retrospective changes cannot dilute the fundamental right of the petitioners to be considered under the rules in force at the time they had applied. Penalised for Events Not in Oly The Haryana govt's defence centred on the fact that the shooting events in which Mittal and Verma competed were not part of the 2020 Tokyo Olympics. Mittal had won gold in the double trap men's event at the 52nd ISSF Championship in Korea in 2018, while Verma was part of the 10m air pistol men's team. However, the court held that their exclusion based on Olympic inclusion violated the principles of fairness and legitimate expectation, particularly when they had applied in good faith under the unamended 2018 policy. The bench imposed ₹50,000 in costs on the Haryana govt for pursuing what it termed avoidable litigation. Of this, ₹10,000 each is to be paid to Mittal and Verma, while ₹30,000 will be deposited with the high court's bar association. "This litigation ought not to have arisen in the very first place had the state of Haryana and its functionaries obtained proper legal advice," the court observed, criticising the govt's handling of the matter. The ruling is seen as a major win for elite Indian athletes who seek recognition and public employment for their international achievements. MSID:: 122763654 413 |
Business Insider
5 days ago
- Business
- Business Insider
5 stats that show where BlackRock is — and where the world's largest asset manager is going
There are lots of big numbers that come up on BlackRock earnings calls. It's what happens when you're the largest asset manager in the world. The key thing for investors in the firm and competitors tracking the behemoth from afar is deciphering which of the gaudy current-day figures will keep growing and which of the optimistic projections will actually happen. BlackRock already manages $12.5 trillion in assets across institutions, insurers, pensions, and wealthy people, mostly in public markets. It's spent the last year and a half acquiring businesses that would help it move more of that money into lucrative private markets, where fees are higher and capital is stickier. At its investor day last month, the firm laid out its goal to hit $35 billion in annual revenue in 2030, an increase from $20 billion in 2024. Business Insider highlighted five stats from the firm's Tuesday call with analysts to demonstrate asset manager is currently and where it hopes to be in five years. $152 billion The net inflows into BlackRock products in the first half. The influx of assets was led by a record six months from the firm's iShares ETF line, which brought in a net $192 billion of new money. BlackRock's existing business, particularly its low-fee index investing funds, is the biggest pile of money in the industry and is still growing consistently. Still, the first half of the year was not perfect, as some of the firm's actively traded products experienced a performance dip. 58% The decline in performance fees collected by BlackRock in the first half of 2025 compared to the first half of 2024. Rocky equity and bond markets worldwide, caused primarily by the trade policies proposed by President Donald Trump, have been challenging for investors of all sizes to deal with. At BlackRock, the firm's profit margin dipped to 43.3% this quarter compared to 44.1% in last year's second quarter, and CFO Martin Small attributed 75% of that drop to the decline in performance fees. Active equity funds in particular have had a rough 12-month stretch, the firm's earnings supplement shows: Only 40% of assets are above the index or peer median. The firm also noted that private market funds brought in fewer performance fees than last year, but the firm's ambitions for that space remain as large as ever. $450 million The amount of revenue HPS Investment Partners is expected to add to BlackRock's coffers in the third quarter, according to Small. The deal for the $165 billion private credit shop closed at the start of July, and Small said the firm will issue the equivalent of up to 13.8 million shares of BlackRock common stock to retain the team at the firm. The retention of HPS's team will be critical for BlackRock, which wants to fundraise significantly for its private-credit and infrastructure offerings over the next five years. $400 billion The fundraising goal for private market fundraising through 2030. Small said he expects it to ramp up in 2028 as HPS and Global Infrastructure Partners, the firm's other large private market investor acquisition, become more ingrained in the firm. CEO Larry Fink said that he was in Asia last week, where demand for infrastructure and other private-public partnerships is already "beyond our imagination." Those partnerships — the firm has pulled in Singapore's Temasek in its artificial intelligence infrastructure push — will be needed if the manager hopes to hit its revenue goals. 40% The proportion of the firm's revenue that it wants to derive from its private markets funds and tech services platform, led by Aladdin. The New York-based firm made nearly $10.7 billion in revenue in 2025's first half, driven by its equity ETFs, which hauled in $2.8 billion in revenue alone. Tech services, meanwhile, made roughly a third of that in the same time frame. BlackRock's Aladdin platform already serves more than 200 institutional clients, effectively making the firm an infrastructure provider to many of its clients and some of its competitors. But the firm's fundraising push for its private market offerings also includes the hope that individual retirement accounts in the US will soon be open to such options. Fink and Small both said that litigation reform is needed before that could happen, but are optimistic about what they've heard out of Washington on the subject. "We think we have all the building blocks here," Small said.
Time of India
5 days ago
- Time of India
Hyderabad cops nab 35 more drunk drivers ferrying students; over 3,000 tested in citywide checks, schools may face action
By: HYDERABAD: In a span two weeks, Hyderabad traffic police have nabbed 35 drivers for ferrying school children in an inebriated state. Cops found that the blood alcohol content (BAC) in some drivers was alarmingly high — between 200 mg/ml and 400 mg/ml The permissible BAC level is 30 mg/ml. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad That this comes less than a month after 13 drivers of school transport vehicles were caught for drunk driving, shows how this dangerous practice is widespread and a common affair on Hyderabad's roads. 'All 28 police stations in our jurisdiction have been conducting surprise checks at various locations in the city like HPS out gate, Paradise Junction, and CTO point. Every day, each police station checks about 15 to 20 vehicles at least two times a day,' said P Chandrashekhar working with the Hyderabad traffic police team. 'Often we have noticed drivers driving recklessly. When we stopped to check them, they were found to be under the influence of alcohol. ' Of those apprehended in the recent drive that ended last week, 12 were school bus drivers, 19 auto and four van drivers. Police mull asking edu dept to act against erring schools These were among the over 3,000 drivers put through breathalyser tests at random by Hyderabad traffic police. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo All have been booked under the Motor Vehicles Act and taken into judicial custody, said the police. Hyderabad has more than 10,000 vehicles (buses, autos and vans) ferrying school children every day. Apart from drunk driving, police also apprehended 100 drivers — 85 auto and 15 private vans — for overloading and carrying more students than their vehicles can accommodate. 'This is an equally dangerous violation as there are high chances the vehicle could lose balance and cause accidents,' said Rahul Hegde, DCP (traffic-1), Hyderabad. While the police have decided not to initiate criminal action against the schools, they are mulling writing to the education dept urging it to take the erring schools to task. 'During our awareness programme last month, we had urged the schools to be more vigilant and put their drivers through breathalyser tests to ensure safety of students,' said Joel Davis, joint commission of police (traffic), Hyderabad. 'We will reiterate to schools the need to take more stringent measures to curb this dangerous practice. But if we get more cases of violations, we will escalate the matter to the education dept and ask them to revoke the NOCs of schools that allow such drivers to stay employed,' he added.
Yahoo
10-07-2025
- Business
- Yahoo
Hammond Power Solutions Announces Second Quarter 2025 Financial Results Conference Call and Webcast Notification
GUELPH, Ontario, July 10, 2025 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. ('HPS' or the 'Company') (TSX: HPS.A) today announced that it will release its financial results for the Second Quarter ended June 28, 2025, on Thursday, July 24, 2025, after markets close. Following the release of its financial results, HPS will hold a conference call and webcast on Friday, July 25, 2025, at 9:00 a.m. Eastern Time. This call can be accessed by registration through participant links: Date/Time: July 25, 2025/ 9 a.m. ET Live Call Participant Registration Link: Audio-Only Webcast: A webcast replay will be available for 12 months. ABOUT HAMMOND POWER SOLUTIONS Power Solutions Inc. ('HPS' or the 'Company') enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS' standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The company has manufacturing plants in Canada, the United States (U.S.), Mexico and India and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A Hammond Power Solutions – Energizing Our World For further information, please contact: David FeickInvestor Relations (519) 822-2441 ext. 453ir@
Newsweek
09-07-2025
- Health
- Newsweek
Deadly Disease Detected at Grand Canyon
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A park employee at Grand Canyon National Park in Arizona was confirmed to have been exposed to hantavirus, which is rare but often fatal, Coconino County health officials confirmed after the July 4 holiday weekend, according to local news outlet Officials also confirmed a separate case of rabies exposure at the park. Newsweek has contacted the National Park Service, Coconino County Health and Human Services and the Arizona Department of Health Services outside of regular working hours via email for comment. Left, a generic image shows a deer mouse, and, right, a view of the Grand Canyon. Left, a generic image shows a deer mouse, and, right, a view of the Grand Canyon. Karel Bock left) and Richey Miller right)/Getty Images (left and Cal Sport Media via AP (right Why It Matters Hantavirus is primarily spread by deer mice, which are prevalent in the Grand Canyon area. The virus can cause a host of serious, even fatal, illnesses such as hantavirus pulmonary syndrome (HPS) and hemorrhagic fever with renal syndrome (HFRS), according to the Centers for Disease Control and Prevention (CDC). The CDC said that HPS has a 38 percent fatality rate, while fatality rates for HFRS depend on the virus strain. New Mexico, Arizona, Colorado and California record the highest number of hantavirus infections nationally, although the virus remains rare. This is not the first time the virus has been traced to a National Park—for example, there were also cases of HPS in visitors to Yosemite National Park in 2012. What To Know The virus is typically transmitted from rodent to human, and not human-to-human, usually following exposure to rat or mice urine, droppings or saliva. It can also spread via a bite or scratch, but this is unlikely. Those who handle and clean up after rodents, such National Park employees, are at higher risk of hantavirus exposure and should take precautions, the CDC advises. Authorities did not state how the Grand Canyon employee was thought to have been exposed to the virus. Grand Canyon spokesperson Joelle Baird told the San Francisco news outlet SFGATE that park service is going to "incredible lengths for cleanup" to control the spread of the virus. The spokesperson informed the outlet that on June 20, the employee began to experience symptoms of HPS and went to Flagstaff Medical Center, where they received treatment. They have since been released from the hospital and continue to recover but the spokesperson was uncertain of when the employee would return to work, SFGATE reported. Five cases of hantavirus have been reported in Arizona so far this year, according to local news outlet citing state officials. Hantavirus hit the headlines earlier this year when an autopsy confirmed that the late actor Gene Hackman's wife, Betsy Arakawa, died from HPS in Santa Fe, New Mexico. The Grand Canyon National Park has also confirmed a rabies case, which it linked to a bat collected near Kanab Creek Canyon, according to the local news outlet Austin American Stateman. Health officials reported the bat tested positive for rabies. Two people who had physical contact with the animal received medical evaluation and treatment, according to a statement from the Grand Canyon National Park. What People Are Saying The CDC says on its website: "People should avoid contact with rodent urine, droppings, saliva, and nesting materials. If mice or rats are in or around your home, it's important to clean up after them safely. Rodent control is the primary strategy for preventing hantavirus pulmonary syndrome (HPS), a disease caused by infection with certain hantaviruses. Wild rodents near human populations should be controlled and excluded from homes." The Nevada Office of State Epidemiology says on its website: "In the U.S., deer mice, cotton rats, rice rats, and the white-footed mouse can carry the hantavirus disease. These rodents spread the virus in their urine, droppings, and saliva. People mainly get the virus from breathing in contaminated air such as when cleaning sheds, barns, or garages where infected rodents are found." What Happens Next Public health authorities in Arizona are actively monitoring rodent populations and potential hantavirus cases, and the Grand Canyon National Park continues to adhere to a number of protocols regarding hantavirus safety.
