Latest news with #MOS
Indian Express
2 days ago
- Politics
- Indian Express
ISI could have promoted insurgency in Northeast in absence of peace pacts with rebel groups: Tipra Motha founder Pradyot Kishore
Tipra Motha founder Pradyot Kishore Manikya Debbarma Friday said the peace accord between the Centre, the state government and Tripura-based insurgent outfits – National Liberation Front of Tripura (NLFT) and All Tripura Tiger Force (ATTF) – was signed at the right time last year. Pradyot Kishore reasoned that in the absence of the peace accord, Pakistan's Inter-Services Intelligence (ISI) could have created more trouble in the region in the wake of the fall of the Sheikh Hasina-led government in Bangladesh on August 5 last year. Over 328 armed insurgents surrendered after the signing of the peace accord in New Delhi. Apart from government officials and representatives of the rebel groups, Pradyot Kishore was also present during the signing of the accord. On Friday, Chief Minister Dr Manik Saha said the Centre has announced Rs 250 crore to aid the transition of surrendering rebels as per the Memorandum of Settlement (MOS) with the two rebel outfits. CM Saha further said that the peace accord has led to the socio-economic improvement of marginalised groups, boosted employment opportunities and increased tourist inflow in the state, among others. The Union government has signed several peace agreements with rebel groups in the Northeast in recent years. In 2020, it signed the Bodo Accord, followed by the Karbi Peace Accord in 2021, and the peace pact with the United Liberation Front of Asom (ULFA) in 2023, among others. Although militancy in Tripura dates back to 1967, when a small outfit called Sengkrak took up arms, the height of insurgency came in the late 1980s, when a series of insurgent groups, including the NLFT and the ATTF, became active. While most of these militant groups have largely become defunct, a small faction of the NLFT is said to be active in Bangladesh.
Indian Express
2 days ago
- Business
- Indian Express
‘Employer's discretion ends where employee's dignity begins,' Supreme Court reinstates TSRTC driver prematurely retired over colour blindness
Stating that 'an employer's discretion ends where the employee's dignity begins,' the Supreme Court recently overturned a high court division bench ruling and ordered the reinstatement of a driver from the Telangana State Road Transport Corporation (TSRTC), who was prematurely retired after being diagnosed with colour blindness. The court also awarded 25 per cent of the arrears of salary, allowances, and benefits from the date of termination until reinstatement. The TSRTC was also directed to reckon the intervening period of termination as 'continuous service'. The court's decision, delivered by a bench comprising Justices J K Maheshwari and Aravind Kumar on August 1, not only vindicated the appellant, Ch Joseph, but also laid down a crucial precedent regarding an employer's constitutional obligation to accommodate employees who acquire a disability during service. The case stems from a routine medical enquiry, which declared Joseph, appointed as a driver in 2014, medically unfit for his position due to colour blindness. The TSRTC subsequently issued orders retiring him from service, while rejecting his request for alternate employment. Though he relied on a 1979 Memorandum of Settlement (MOS), which stated that the 'drivers' would be provided with alternate employment, the Telangana High Court gave its verdict in favour of the Corporation, directing Joseph to make representation for seeking his benefits. In his appeal before the Supreme Court, Joseph contended that the 1979 MOS between the then-undivided Andhra Pradesh State Road Transport Corporation (APSRTC) and the recognised unions is binding on the TSRTC, and the appellant, being a driver of the Corporation, was entitled to alternate employment. He said the high court failed to appreciate that his case falls within the category of people who have acquired the disability during service and thus would be entitled to alternate employment. The counsel for TSRTC informed the court that the 1979 clause was replaced by another clause in 1986 MOS, which said a possible suitable alternate job will be identified to the extent possible, and in case it is not possible, additional monetary benefit will be given. The TSRTC rejected Joseph's claim for an alternate job as he was an illiterate person without a qualification. Among several other grounds to set aside the high court order, the Supreme Court noted that he was prematurely retired from his service without any 'demonstrable effort' by the Corporation to identify or assess the feasibility of alternative employment, despite the appellant having expressed willingness to be reassigned to a non-driving post. The apex court said that colour blindness, though a disqualification for driving, does not render the appellant unfit to serve in any other non-driving role. The court also said that the 1979 MOS clause that the Corporation claimed to have replaced 'remains valid and enforceable' and added that no internal circular can override the terms of such a binding settlement. The Supreme Court also noted that retirement on medical grounds must be a measure of last resort, only after the employer exhausts all reasonable avenues for redeployment. 'This principle is inherent in the concept of 'reasonable accommodation', which is now recognised as an aspect of substantive equality under Articles 14 and 21,' the court stated, adding that the failure to explore alternate jobs was not merely a procedural lapse but a 'substantive illegality that violates the Appellant's right to livelihood and equal treatment.' Further, the court stated, 'Our concern is not confined to the facts of the present case but extends to the systemic risk that employers, particularly public sector entities, may attempt to bypass their obligation to offer alternate employment by drawing rigid distinctions between recognised and unrecognised disabilities under statutory frameworks.' The court said that the obligation to 'reasonably accommodate' such employees is not just a matter of administrative grace, but a constitutional and statutory imperative, rooted in the principles of non-discrimination, dignity, and equal treatment. The judgment added that the court was not crossing a line by intervening when an employee is removed from service for a condition he did not choose, and where viable alternatives are ignored, the court is upholding one drawn by the Constitution itself. 'The employer's discretion ends where the employee's dignity begins,' it concluded. Rahul V Pisharody is an Assistant Editor with the Indian Express Online and has been reporting from Telangana on various issues since 2019. Besides a focused approach to big news developments, Rahul has a keen interest in stories about Hyderabad and its inhabitants and looks out for interesting features on the city's heritage, environment, history culture etc. His articles are straightforward and simple reads in sync with the context. Rahul started his career as a journalist in 2011 with The New Indian Express and worked in different roles at the Hyderabad bureau for over 8 years. As Deputy Metro Editor, he was in charge of the Hyderabad bureau of the newspaper and coordinated with the team of district correspondents, centres and internet desk for over three years. A native of Palakkad in Kerala, Rahul has a Master's degree in Communication (Print and New Media) from the University of Hyderabad and a Bachelor's degree in Business Management from PSG College of Arts and Science, Coimbatore. Long motorcycle rides and travel photography are among his other interests. ... Read More
Yahoo
5 days ago
- Business
- Yahoo
Mosaic Stock Outlook: Is Wall Street Bullish or Bearish?
The Mosaic Company (MOS), headquartered in Tampa, Florida, manufactures and distributes concentrated phosphate and potash crop nutrients. Valued at $11.2 billion by market cap, the company owns and operates mines that produce key agricultural products like diammonium phosphate, monoammonium phosphate, and ammoniated phosphate, as well as manufactures phosphate-based animal feed additives under the Biofos and Nexfos brands. Shares of this leading producer of concentrated phosphate and potash have outperformed the broader market over the past year. MOS has gained 29.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.4%. In 2025, MOS stock is up 44.5%, surpassing the SPX's 7.6% rise on a YTD basis. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Zooming in further, MOS' outperformance is also apparent compared to VanEck Agribusiness ETF (MOO). The exchange-traded fund has gained about 4.9% over the past year. Moreover, MOS' returns on a YTD basis outshine the ETF's 13% gains over the same time frame. Notable gains in operational efficiency and successful cost-reduction initiatives drive MOS' strong performance. On May 6, MOS shares closed down more than 4% after the company reported its Q1 results. Its adjusted EPS of $0.49 beat Wall Street's expectations of $0.39. The company's revenue was $2.6 billion, falling short of Wall Street forecasts of $2.7 billion. For the current fiscal year, ending in December, analysts expected MOS' EPS to grow 47.5% to $2.92 on a diluted basis. The company's earnings surprise history is disappointing. It missed the consensus estimates in three of the last four quarters while beating the forecast on another occasion. Among the 16 analysts covering MOS stock, the consensus is a 'Moderate Buy.' That's based on 10 'Strong Buy' ratings, one 'Moderate Buy,' and five 'Holds.' This configuration is more bullish than a month ago, with nine analysts suggesting a 'Strong Buy.' On Jul. 25, Berenberg Bank analyst Aron Ceccarelli maintained a 'Hold' rating on MOS with a price target of $36, implying a potential upside of 1.4% from current levels. The mean price target of $41.06 represents a 15.6% premium to MOS' current price levels. The Street-high price target of $49 suggests a notable upside potential of 38%. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Economic Times
31-07-2025
- Business
- Economic Times
Over 50% of manufacturing MSMEs report sales growth in Q1FY26, but exporters affected by tariffs: SIDBI Survey
More than half of the manufacturing and trading Micro, Small and Medium Enterprises (MSMEs) in India have reported an increase in sales during the first quarter of the current financial year, however exporters felt the pinch of tariffs, noted the latest MSME Outlook Survey (MOS) conducted by the Small Industries Development Bank of India (SIDBI).The third round of the MSME Outlook Survey, covering the period April to June 2025, found that 42 per cent of MSMEs in the services sector also witnessed sales growth, while 48 per cent reported stable report stated, "Over half of manufacturing and trading MSMEs reported sales growth in Q1FY26".On a year-on-year basis, MSMEs across all sectors said they had seen sales growth. Around 60 per cent of the participants expect further growth in sales in the same quarter a year the report also highlighted some concerns. Nearly 40 per cent of MSME exporters said they were directly or indirectly affected by ongoing tariff-related issues, reflecting the impact of global trade uncertainties on Indian businesses. Despite these challenges, the overall mood among MSMEs remains positive. The Composite MSME Business Expectation Index (M-BEI) for the next quarter stood at 62.19, and for the quarter a year ahead, it stood at 67.88. These figures indicate a fairly optimistic business outlook for the the sectoral level, MSMEs in the trading and services sectors showed stronger optimism. The M-BEI for Q1FY27, as compared to Q1FY26, was recorded at 68.32 for trading and 68.24 for there is a moderate dip in the expectation indices across all sectors for the next quarter (Q2FY26), suggesting some near-term uncertainty due to the evolving global business environment. The SIDBI survey tracks business sentiments and short-term expectations of MSMEs in India. It also helps in filling critical data gaps in the sector by computing the MSME Business Confidence Index (M-BCI), which measures sentiment for the current quarter (Q1FY26 vs Q4FY25), and the MSME Business Expectations Index (M-BEI), which measures expectations for future quarters. The indices are based on six key parameters: sales, profit margins, availability of skilled labour, access to working capital finance, access to overall finance, and the overall business situation.
Time of India
31-07-2025
- Business
- Time of India
Over 50% of manufacturing MSMEs report sales growth in Q1FY26, but exporters affected by tariffs: SIDBI Survey
More than half of the manufacturing and trading Micro, Small and Medium Enterprises (MSMEs) in India have reported an increase in sales during the first quarter of the current financial year, however exporters felt the pinch of tariffs, noted the latest MSME Outlook Survey (MOS) conducted by the Small Industries Development Bank of India (SIDBI). The third round of the MSME Outlook Survey, covering the period April to June 2025, found that 42 per cent of MSMEs in the services sector also witnessed sales growth, while 48 per cent reported stable sales. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Data Science Data Analytics Finance Management PGDM Public Policy Digital Marketing Degree Technology Design Thinking others Cybersecurity healthcare CXO MBA Project Management Operations Management Product Management MCA Data Science Artificial Intelligence Leadership Others Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details SIDBI report stated, "Over half of manufacturing and trading MSMEs reported sales growth in Q1FY26". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo On a year-on-year basis, MSMEs across all sectors said they had seen sales growth. Around 60 per cent of the participants expect further growth in sales in the same quarter a year ahead. However, the report also highlighted some concerns. Nearly 40 per cent of MSME exporters said they were directly or indirectly affected by ongoing tariff-related issues, reflecting the impact of global trade uncertainties on Indian businesses. Live Events Despite these challenges, the overall mood among MSMEs remains positive. The Composite MSME Business Expectation Index (M-BEI) for the next quarter stood at 62.19, and for the quarter a year ahead, it stood at 67.88. These figures indicate a fairly optimistic business outlook for the sector. At the sectoral level, MSMEs in the trading and services sectors showed stronger optimism. The M-BEI for Q1FY27, as compared to Q1FY26, was recorded at 68.32 for trading and 68.24 for services. However, there is a moderate dip in the expectation indices across all sectors for the next quarter (Q2FY26), suggesting some near-term uncertainty due to the evolving global business environment. The SIDBI survey tracks business sentiments and short-term expectations of MSMEs in India. It also helps in filling critical data gaps in the sector by computing the MSME Business Confidence Index (M-BCI), which measures sentiment for the current quarter (Q1FY26 vs Q4FY25), and the MSME Business Expectations Index (M-BEI), which measures expectations for future quarters. The indices are based on six key parameters: sales, profit margins, availability of skilled labour, access to working capital finance, access to overall finance, and the overall business situation.
