Latest news with #IntegratedAnnualReport
Mint
14-07-2025
- Business
- Mint
HDFC Bank sets board meeting date to declare annual report for FY25. Details here
HDFC Bank, on Monday, announced the date for its upcoming annual general meeting for Integrated Annual Report for FY 2024-25. According to the exchange filing, the bank has set Friday, August 8, 2025 for its upcoming AGM. ' In continuation of our intimation dated June 20, 2025 in relation to the date of the 31st Annual General Meeting (AGM) of the Bank, please find attached herewith a copy of the Notice of the said AGM to be held on Friday, August 8, 2025 at 02:00 p.m. (IST) through two-way video-conferencing facility and the Integrated Annual Report for FY 2024-25,' the company said in a filing dated July 14. The bank further informed that the notice of AGM and the Integrated Annual Report for FY 2024-25 are being sent by electronic means to the equity shareholders of the Bank who have registered their e-mail address with the Registrar and Transfer Agents of the Bank/ Depository Participants and other stakeholders entitled to receive the same as per applicable laws, today i.e. on July 14, 2025. On June 23, the private sector bank said it will declare its financial results for the first quarter of fiscal year 2025-26 on Saturday, July 19. HDFC Bank's board of directors is scheduled to meet on July 19 to review and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The bank is likely to release its earnings around 3 PM, similar to the timing of its Q4 FY25 results. Additionally, the bank announced that the trading window for designated employees and their immediate family members will remain closed from June 24 to July 21, in accordance with its internal share trading policy. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
30-06-2025
- Automotive
- Time of India
Anand Mahindra upbeat about India's prospects in volatile world
Mahindra group Chairman, Anand Mahindra believes China's present adversarial stance in global trade may create opportunities for India to position itself as a supply chain alternative — 'a long-term goal for Indian business.' He has made these observations in the Mahindra & Mahindra Integrated Annual Report 2024-25. According to the Chairman, innovation and R&D in India could receive renewed focus while manufacturing could once again take centre stage. 'Restrictions on China and high tariffs for other competing countries could open new markets for Indian goods. The potential exists, but achieving it will require a concerted focus on manufacturing and a palpable increase in private investment,' says Mahindra. In his view, speed and agility are essential, as countries like the Philippines and Vietnam are already touting themselves as future manufacturing hubs. 'We must act swiftly and strategically to secure our share of the Amrit,' a reference to the nectar of eternal life in Hindu mythology. 'Today's turmoil is another such churning, another such mega-trend. A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump administration's tariffs,'Anand Mahindra The great churning Interestingly, Mahindra's message draws analogies with this well known narrative where the great Samudra Manthan, or churning of the ocean, occurred many thousand years ago to obtain the precious Amrit, the nectar of immortality. According to him, the present state of the world is akin to this massive churn where it is in a state of flux thanks to the ongoing wars and imposition of tariffs by the US. 'If we zoom out and adopt a broader perspective, it becomes clear that over the course of history, the world has undergone many such churnings. Mega trends — forces so powerful they reshape political, economic, and social landscapes — have defined human progress,' says Mahindra. Read more: CCI approves Mahindra's ₹555 crore acquisition of 59% stake in SML Isuzu From the industrial revolution to globalisation, from the digital age to climate change, he adds, these 'tectonic shifts' have tested resilience, inspired innovation, and compelled businesses to evolve. 'Today's turmoil is another such churning, another such mega-trend. A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump administration's tariffs,' says Mahindra. These measures are sparking global responses, including retaliatory tariffs, disrupted supply chains, shifting political alliances, and economic groupings. 'Mahindra & Mahindra's core businesses — auto and tractor — form the trunk, while the aerial roots represent new ventures that anchor themselves independently, expanding resilience and reach,'Anand Mahindra Exit the old global order 'If I were to look for a single sentence that describes the world today, I would quote the American folk singer Bob Dylan and say, 'The times, they are a-changing,' quips Mahindra while making a reference to the old global order — social, political, and economic — which has been 'rudely shaken' while a new one has not quite emerged. The situation 'remains fluid' though recent US-China tariff talks and strengthened trade ties with the UK suggest a 'pragmatic layer' to US trade policy, combining protectionism with strategic global engagement. However, cautions the Mahindra Chairman, there remains a strong likelihood of significant decoupling between the US and China. Whatever the outcome, it is apparent that many nations will have to swallow some 'poison'. International trade has already slowed amidst heightened uncertainty and dampened investor confidence. According to him, industries reliant on global supply chains like electronics and consumer goods will bear the brunt of rising input costs. Countries deeply integrated into global trade networks must 'rethink dependencies' and diversify sourcing. 'Continued government support is vital to power our transition to a manufacturing economy. Renewable energy, defence, and digital infrastructure are becoming sunrise industries in India,'Anand Mahindra New era of nationalism Established geopolitical alliances are being realigned, ushering in a new era of economic nationalism. Mahindra says businesses worldwide will adapt by localising operations, reengineering supply chains, and exploring alternate markets. India, too, will be no exception to the rule and will face its own set of challenges. 'Our large trade deficit, vulnerabilities in certain sectors, increased competition among nations, and uncertainties affecting GDP aspirations are all challenges that must be met,' he elaborates. Key industries, such as steel and aluminium, could face headwinds, and export volumes may be impacted. The challenge will be to minimise the adverse effects. 'However, focusing solely on mitigation reflects a reactive mindset. Instead, we can proactively view this as an opportunity to enable some Amrit to emerge. What if we seize this challenge as an opportunity to accelerate economic growth? Private enterprise can play a pivotal role in this transformation,' says Mahindra. Read more: Lessons from space can help Indian auto leap ahead, says Pawan Goenka Opportunities for India In a scenario with so many moving parts, it is difficult to predict outcomes. However, two significant implications of the current manthan, or churning, offer opportunities that India must leverage. Inspired by the US, countries are likely to adopt a more self-centred approach, raising economic nationalism to unprecedented levels. Even before these shifts, India 'was moving in this direction' through initiatives such as PLI and Make in India. 'Continued government support is vital to power our transition to a manufacturing economy. Companies can greatly benefit from aligning their strategies with national objectives. Renewable energy, defence, and digital infrastructure are becoming sunrise industries in India,' notes Mahindra. Globalisation reborn He reiterates that economic nationalism 'does not spell the death of globalisation but heralds its rebirth'. Globalisation is evolving: US market centrality and China-centric supply chains are being replaced by multi-polar, regional collaborations. As structural and political uncertainties diminish US dominance, alternative capital destinations are emerging. Similarly, global supply chains are diversifying away from China, creating new trade partnerships. As Mahindra puts it, lower tariff barriers among regional partners may emerge, boosting free trade and reshaping international trade centres of gravity. The US shift toward de-globalisation may actually lead to a 'new avatar' of globalisation which is multi-polar, regional, and driven by domestic imperatives. 'In such shifting sands, I believe India is well-positioned to emerge as one of the new centres of gravity. We are a stable democracy, generally regarded as a trustworthy partner, and are bolstered by a strong military that is not politicised,' continues Mahindra. Also Read: Global car market gazing through the lens of a top Chinese brand Resilience is key Whether it be a country or a business, the winners will be the ones who can successfully navigate uncertainty and ambiguity – the ones who are resilient. In the case of the Mahindra group, he says resilience has been its mantra for over eight decades where it has adapted, transformed and evolved. 'Our federated structure, symbolised by the banyan tree is key to this resilience. Mahindra & Mahindra's core businesses — auto and tractor — form the trunk, while the aerial roots represent new ventures that anchor themselves independently, expanding resilience and reach,' explains Mahindra. This structure provides agility and flexibility to adapt swiftly to geopolitical and economic uncertainty. Independent decision-making within each business ensures alignment with shared values while leveraging synergies across the group. 'Success in one branch strengthens the entire tree, while failures are ring-fenced to protect the broader ecosystem. Like the banyan tree that endures storms and thrives in diverse conditions, the Mahindra Group is poised not just to survive but to flourish, even in turbulent times,' signs off Mahindra.
Yahoo
21-06-2025
- Business
- Yahoo
King Charles net worth: How does the royal family earn its money?
(NewsNation) — The royal family is one of the wealthiest in the world, with many fascinated by their net worth and where their wealth comes from. Here's how much money the royal family has (and how they make it): The royal family's salary increased in 2025 with money from the U.K. Treasury, which was taxpayer-funded. In April, the Sovereign Grant fund was reportedly increased by over $58 million, which brought the family's income to nearly $172 million. Michelle Obama on being 'glad' she didn't have a son: 'He would've been a Barack Obama' The Sovereign Grant is mainly used for the required day-to-day expenses of the royal family, like staff salaries, maintaining their properties and travel expenses. The palace claims that much of the money from the fund will be put towards Buckingham Palace renovations, which should be completed in 2027. Most of the money the royal family has comes from inheritance, the Duchy of Lancaster and the Duchy of Cornwall. A 'duchy' is a country, domain, estate or territory that is ruled by a duke or a duchess. In the case of the Duchy of Lancaster and the Duchy of Cornwall, much of their contents are estates of land, or fiefs. The Duchy of Lancaster is solely for King Charles and is made up of over 45,000 acres of land and commercial real estate. It is valued at around $840 million. Taylor Swift, Olivia Rodrigo drama over Bluebird Cafe photos denied The Duchy of Cornwall is managed by the heir, Prince William. The fund (worth about $1.3 billion) is reinvested into surrounding communities. Before stepping back as working royals, Prince Harry and Meghan Markle had reportedly received 95% of their income from the Duchy of Cornwall, with the other 5% coming from the Sovereign Grant. Both the Duchy of Lancaster and the Duchy of Cornwall are exempt from paying capital gains tax. As reported by The Sunday Times, King Charles' net worth is expected to be a little over $860 million. This is almost double that of Queen Elizabeth, who had a net worth of around $442 million. A lot of his worth comes from the 53 years he spent as the manager of the Duchy of Cornwall. According to The Guardian, its income totaled nearly $790 million from 1952 to 2022. Before King Charles became the monarch, he reportedly received a salary of $16.5 million during the 2022 to 2023 fiscal year. Now, most of his money comes from the Duchy of Lancaster. In 1996, he reportedly had to give a huge chunk of money ($22.5 million to be exact) to Princess Diana following their divorce. The 2024 Integrated Annual Report for the Duchy of Cornwall showed that William's private income was around $30 million. After Queen Elizabeth died, the Prince of Wales became the manager of the Duchy of Cornwall since he is now heir to the throne. The duchy has over 128,000 acres of land across the southern part of England, including protected woodland, coastlines and commercial property assets and farms. The Duchy of Cornwall gives William access to its revenue, which is used to fund charitable, public and private events for him and his immediate family. Forbes reported in 2021 that the overall net worth of the family is over $28 billion. A lot of this wealth is in the family's properties, with $20 billion being managed by the Crown Estate, which is the statutory corporation for the family. All of BTS has returned as Suga is discharged from an alternative form of military service According to the Crown Estate's website, it generated over $1.4 billion for 'public finances' in 2024. Dan Labbad, CEO, said that same year, 'Today's record results are the product of years of commitment and investment into helping create the U.K.'s world-leading offshore wind sector, as well as the active management of our diverse and resilient portfolio.' 'Our track record and remit are also enabling us to invest and lay the foundations for future value creation that will benefit the country and its finances,' he finished. The royal family also has many heirlooms, which are known as the Crown Jewels. The collection dates back to the Restoration of the Monarchy in 1660. It includes: Imperial State Crown (worn by Queen Elizabeth during her 1953 Coronation) Cartier Halo tiara (worn by Kate Middleton on her wedding) Princess Diana's sapphire and diamond engagement ring The Crown Jewels also include the Koh-i-Noor diamond, which was received in 1849 by the East India Trading Company. It has long been a debate on whether it was given to or stolen for Queen Victoria. It weighs 105.6 carats. Most of Prince Harry and William's net worth comes from the nearly $10 million lump sum payments they each received after their mother, Princess Diana, died. Forbes claimed that they both started receiving annual dividends of around $470,000 once they turned 25 years old. Queen Camilla has a net worth of $4.6 million, according to Express. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-06-2025
- Business
- Yahoo
EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities
Canada's export credit agency releases its 2024 business results and ESG performance reports OTTAWA, ON, June 9, 2025 /CNW/ - Today, Export Development Canada (EDC) released its 2024 Integrated Annual Report, highlighting how the organization helped its customers grow their business beyond Canada to seize the vast trade opportunities that await them in the global marketplace. The report is complemented by additional environmental, social and governance (ESG) disclosures: 2024 Climate-Related Disclosure, and the 2024 Sustainable Bond Impact Report. In 2024, exporters faced a complex and rapidly evolving economic environment. During this period, EDC expanded its presence in key Indo-Pacific markets to support the trade diversification of Canadian exporters. EDC invested in medium-sized Canadian exporters, sharpening its focus on priority sectors, and maintained a strong commitment to sustainable and responsible business practices. "In 2024, global economic softness weighed on Canadian exporters. Slow domestic growth, higher-for-longer interest rates and slowing labour markets strained the economic outlook in many countries," said Alison Nankivell, EDC's President and CEO. "Those challenges, coupled with new market uncertainties towards the end of the year, have energized our customers to transition from continental to global traders as we strive to make it easier for them to secure new international business opportunities. This renewed interest in trade diversification and EDC's solutions have increased since the start of this year given the evolving nature of U.S. trade policies, and we're stepping up to support them." In 2024, EDC supported more than 27,800 customers with financial and knowledge solutions, with the vast majority being small and medium-sized businesses. We facilitated a total of $123.4 billion in exports, foreign investment and trade development activities, including $23.4 billion in business in emerging markets. This support contributed to over 475,800 domestic jobs and helped to generate $87 billion of Canada's GDP. "During an uncertain economic environment, we strategically deployed capital and took on risk to help more Canadian companies reach global markets—and we are continuing to do so in response to the current climate," said Scott Moore, EDC's Executive Vice-President and Chief Financial Officer. "We're motivated by findings that Canadian companies supported by EDC generate 23% more revenues, employ 16% more workers and are 6% more productive, according to our latest study with Statistics Canada." In 2024, EDC's net income increased to $915 million from $450 million in 2023. This was driven by higher net revenue, combined with unrealized gains on financial instruments carried at fair value. Our growing presence in the Indo-Pacific In 2024, EDC added three new representations in the Indo-Pacific, increasing the total number of representations to 11 in the region, including its Singapore branch. EDC opened representations in Ho Chi Minh City, Vietnam, Manila, Philippines, and most recently, Bangkok, Thailand (in 2025) to offer in-market support to attract more Canadian companies to the booming region and help them navigate local market complexities. EDC supported 1,529 customers and facilitated $13 billion in business volumes in the Indo-Pacific region in 2024. It also signed memorandums of understanding with several export credit agencies and market leaders to enable strong market access for Canadian exporters. Our support for Canada's medium-sized exporters and key sectors In 2024, we continued our strategic objective to support the international growth of Canada's medium-sized companies. In 2024, we served 1,175 medium-sized Canadian companies across our financial solutions. EDC is focusing on Canadian sectors that provide net-new growth for Canada, namely agri-food, critical minerals, the energy transition, advanced manufacturing and digital industries. Its goal is to highlight Canada's strengths on the global stage and improve trade competitiveness. For example, in the agri-food sector, EDC served 3,201 customers throughout the year, facilitating $21.7 billion in business. As a leading financier of Canada's cleantech industry, EDC served 500 cleantech customers in 2024, enabling $9.7 billion in business facilitated. Our commitment to responsible business Throughout the year, EDC maintained its commitment to responsible business. In 2024, we issued our sixth green bond valued at US$ 1 billion, helping to further attract capital for climate-focused investment and support for projects that generate positive environmental outcomes. Additionally, we deployed $1.3 billion in financing for 56 renewable energy projects. Through our inclusive trade efforts, we offered targeted support for Canadian companies owned by members of equity-seeking groups, focusing on companies owned by women and Indigenous people. This effort served 3,816 financial and non-financial customers and facilitated $2.5 billion in business and trade activities. For more information, read the 2024 Integrated Annual Report and the suite of supplemental ESG reports. About EDC Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit SOURCE Export Development Canada View original content to download multimedia: 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
Time of India
31-05-2025
- Business
- Time of India
Prince William is 'pretty demanding,' but staff says it is a good thing!
Prince William is quietly changing what it means to be heir to the throne and those who work with him say he's not afraid to do things differently. Following King Charles' accession in 2022, the Prince of Wales inherited the Duchy of Cornwall, a vast estate spanning over 130,000 acres across more than 20 counties in England and Wales. Now worth more than £800 million, the duchy provides income for the heir to the throne but under Prince William's leadership, it is becoming far more than just a source of funds. The 42-year-old royal is reportedly a demanding leader who visits parts of the duchy every four to six weeks. Will Bax, the duchy's secretary, called William "pretty demanding," but in a good way. Speaking to The Telegraph, he said that the Prince is "a man on a mission." 'He's easy to follow because he's got great conviction and personality, and he really wears his heart on his sleeve in terms of social interest and his desire to have a positive impact in the world.' Estate director Ben Murphy also called William's leadership 'energising', and compared it to his father's, "healthy impatience, as his father did," which "puts the wind in our sails," People Prince William sees the Duchy as more than just a royal portfolio. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo 'I see the Duchy as an extension of the work we do with the Royal Foundation,' he told the newspaper. 'I see it as a branch of my philanthropy." He further added that there's so much good that can be done in the rural world, "I see it as another arm to the work that I want to do, which is being a positive force for good.' Key priorities under his stewardship included tackling homelessness, supporting mental health among farmers, and boosting sustainability across rural communities. The duchy has partnered with local groups on housing initiatives and mental health outreach, particularly for those working in agriculture who often face isolation. 'I'm trying to make sure I'm prioritizing stuff that's going to make people's lives, living in those areas, better. This is what we're going to do to make people's lives in Cornwall better,' William said. 'That, I feel as Duke of Cornwall, is something I should be doing. It's about responsibility, it's about leadership and doing what's right on the social issues of our time.' Even family getaways are laced with purpose. During visits to the Isles of Scilly with Kate and their children — Prince George, Princess Charlotte, and Prince Louis — the Prince often chats with locals about their needs. These conversations have already led to drastic results, including improved healthcare facilities, new housing for key workers, and steps towards more sustainable tourism. Bax said, 'He's asking us to change and evolve in a way to deliver positive impact at scale and at pace.' The duchy's most recent Integrated Annual Report, released in July, reported a surplus of £23.9 million for the 2023–24 financial year, Prince William's first full year as Duke of Cornwall.
