Latest news with #RS1
New Straits Times
16-05-2025
- Business
- New Straits Times
KSSA to boost entrepreneurial growth, promote Shah Alam's local identity
SHAH ALAM: The Kompleks Sukan Shah Alam (KSSA) will further boost entrepreneurial activity by developing a more robust ecosystem for small and medium enterprises (SMEs) across the commercial areas of Shah Alam City Centre. Selangor Menteri Besar Datuk Seri Amirudin Shari said the initiative would also help showcase local talent and highlight Shah Alam's unique character in terms of food and beverages, as well as its culture and traditions. "One of the unique traits among the people of Selangor, particularly the youth, is their spirit, capability and eagerness to venture into entrepreneurship. "However, at times, those who are interested may feel that opportunities to become entrepreneurs are limited by factors such as location, information or knowledge. "As such, this initiative will further highlight local talent and celebrate Shah Alam's unique identity through its food and beverages, culture and traditions," he said. He said this in his keynote address at the handover ceremony of the Letter of Acceptance for the KSSA development between Menteri Besar Selangor Inc (MBI Selangor) and Lembaran Prospek Sdn Bhd (LPSB), a subsidiary of MRCB Land Sdn Bhd and Malaysian Resources Corporation Bhd (MRCB). The handover was witnessed by Raja Muda of Selangor Tengku Amir Shah. Also present were Selangor State Secretary Datuk Dr Ahmad Fadzli Ahmad Tajuddin, MBI Selangor group chief executive officer Datuk Saipolyazan M. Yusop and MRCB chairman Datuk Mohamad Nasir Ab Latif. Amirudin said KSSA, built as a sustainable and multi-purpose hub, will also feature a shopping mall, a multi-purpose indoor hall and a football training field. He said the shopping mall would be directly connected to the indoor arena and main stadium, allowing smooth visitor flow and supporting attractions such as street eats, pop-up bazaars and open-air dining areas. "More broadly, the inclusion of hotels, restaurants and an integrated transport terminal is expected to generate job opportunities and stimulate local economic growth," he said. At the same time, Amirudin said, in line with the sustainability theme of the Selangor Plan 1 (RS1), a 310,000m² area would be allocated as green landscaped space, featuring a botanical garden, jogging and cycling tracks and pedestrian-friendly walkways. "Recently, when I led the Selangor delegation to Osaka for the launch of Selangor Week at the Malaysia Pavilion during the 2025 World Expo, I observed and appreciated the beauty of Osaka's parks and cityscape. "While seemingly simple in design, every element and component of the city and gardens served a clear function and was both user and pedestrian friendly. "Hence, I believe the KSSA area can serve as a new model in realising the Shah Alam City Council's goal of becoming a low-carbon city within five years, by 2030," he said, adding that the space is intended to provide a positive environment for youth to explore their interests, connect with peers, and engage in healthy activities. He also said the KSSA master plan would prioritise access to, and connectivity with, the LRT3 public transport system, complementing existing efforts by the Selangor government through Selangor Mobility, including the use of Smart Selangor Buses and demand-responsive transit (DRT) vans. He added that this would allow Selangor residents living in commercial hubs such as Kuala Lumpur, or even as far as Putrajaya, to reach the Shah Alam Sports Complex without needing to use private vehicles.
Time of India
15-05-2025
- Automotive
- Time of India
BEML flags off 2,100th metro coach, secures land for new unit in Madhya Pradesh
Bharat Earth Movers Ltd on Thursday flagged off its 2,100th metro coach from its rail coach factory in Bengaluru. The occasion was attended by Madhya Pradesh' CM Mohan Yadav, who also handed the rail manufacturing company an allotment for its new manufacturing unit in Umeria, Raisen district. The newly-flagged 2100th metro coach was developed for the Mumbai Metropolitan Region Development Authority (MMRDA) through the Delhi Metro Rail Corporation (DMRC). Built in compliance with driverless technology, features state-of-the-art safety systems and smart technologies aligning with global standards. The Madhya Pradesh government sanctioned 60.063 hectares for this upcoming facility, which will focus on producing rolling stock and metro coaches for both regional and national urban mobility projects. The move is expected to boost BEML's manufacturing footprint while generating industrial development and employment across the state. Speaking at the ceremony, the CM said, "This forward-looking initiative will play a pivotal role in enhancing Madhya Pradesh's industrial ecosystem, while creating meaningful opportunities for youth, MSMEs, and local communities—strengthening the foundations of inclusive and sustainable growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Potrerito: IA: gana hasta $2,700 a la semana trabajando desde casa Trade AI Registrarse Undo BEML chairman and managing director Shri Shantanu Roy announced, "This strategic move will significantly contribute to the expansion of the nation's rail infrastructure and the advancement of urban mobility solutions .' Roy further added that this milestone not only reinforces the public entity's role in strengthening India's infrastructure, 'but also supports regional industrialization and employment generation. With this momentum, we are fully geared to manufacture world-class rail and metro coaches—not just for India, but for the global market.' The train set features India's first onboard condition monitoring system, offering real-time automatic diagnostics via five integrated modules that monitor rail track conditions, overhead equipment (OHE), pantograph-OHE interaction, arc detection and rail profile analysis. These capabilities enable predictive maintenance and remote diagnostics directly from the depot's control centre. BEML's metro journey began in the early 2000s with the RS1 project for DMRC. Since then, its metro coaches have become the backbone of urban transit in cities like Delhi, Bengaluru, Kolkata, and Mumbai. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Miami Herald
05-05-2025
- Automotive
- Miami Herald
Rivian Bet Big on Batteries Before Trump's Tariffs - And It's Paying Off
President Trump's executive order imposing a 25% tariff on vehicle and part imports sent a shockwave through the auto industry, but some companies appear to have been more prepared than others. A Bloomberg report from people familiar with the matter who asked not to be identified says Rivian quietly assembled a reserve of electric vehicle (EV) batteries late last year ahead of Trump's tariff policy. Rivian is said to have purchased the lithium iron phosphate cells from China's Gotion High-Tech company and more recently worked with cell supplier Samsung SDI to ship a large amount of battery inventory to the U.S. from South Korea. The measures aim to maintain a supply flow and mitigate negative ripple effects from Trump's policies in areas like pricing, which the president enacted on April 3 for vehicle imports, whereas part levies will begin on May 3. The number of cells that Rivian purchased from Gotion High-Tech was undisclosed. Rivian uses lithium-ion phosphate batteries in its base version, the RS1 SUV and R1T pickup, along with its commercial RCV van. However, the Gotion High-Tech order before Trump's tariffs was said to be primarily for the RCV. These vehicles are assembled in Normal, Illinois, at Rivian's plant. The report from Bloomberg states that Rivian paid upfront for the batteries' shipping costs while Gotion paid and maintained its separate stockpile in the U.S., according to InsideEVs. Rivian is also said to be pursuing similar deals for batteries on raw materials in the future, with a first agreement already signed. Related: What Tesla and Rivian Can Learn from Saturn and Scion The automaker's upcoming 5-seat R2 SUV will use new batteries from LG Energy Solution, which it will initially source from Korea before LG begins production in Arizona. The switch aimed to better accommodate the Inflation Reduction Act (IRA) enacted under former President Biden, which requires that a certain percentage of a vehicle's battery components be manufactured or assembled in North America to qualify for up to $7,500 in federal EV tax credits. Rivian is currently building a second U.S. plant in Georgia. Rivian's stock increased from $13.19 on Monday to $13.83 at the end of Friday trading following reports of its strategic response to impending tariffs. Other automakers, such as General Motors, have projected a $4 billion to $5 billion loss in EBIT (earnings before interest and taxes) for 2025 as a result of Trump's policies, down from the company's initial EBIT forecast for the year of between $13.7 billion and $15.7 billion. Rivian's move with China Gotion High-Tech could save significant sums, given that U.S. tariffs on Chinese EV components and lithium-ion battery imports have hit a staggering 145%. The EV manufacturer received more good news when Trump signed a new executive order on Tuesday preventing multiple tariffs from being stacked on the same imported product for companies making cars in the U.S. While the timeline for how long Rivian can maintain its supply chain remains to be seen, the company's big bet on batteries is paying off. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
29-03-2025
- Business
- Yahoo
Should You Investigate RS Group plc (LON:RS1) At UK£5.75?
RS Group plc (LON:RS1), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the LSE over the last few months, increasing to UK£6.89 at one point, and dropping to the lows of UK£5.75. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether RS Group's current trading price of UK£5.75 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at RS Group's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. The stock seems fairly valued at the moment according to our valuation model. It's trading around 9.58% above our intrinsic value, which means if you buy RS Group today, you'd be paying a relatively fair price for it. And if you believe the company's true value is £5.25, then there isn't really any room for the share price grow beyond what it's currently trading. In addition to this, RS Group has a low beta, which suggests its share price is less volatile than the wider market. Check out our latest analysis for RS Group Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. RS Group's earnings over the next few years are expected to increase by 20%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has already priced in RS1's positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value? Are you a potential investor? If you've been keeping an eye on RS1, now may not be the most optimal time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in RS Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
