Latest news with #Rs8
Time of India
2 hours ago
- Climate
- Time of India
DK records excessive rainfall from Jan to May
Mangaluru: After a week of heavy downpour, Dakshina Kannada's rainfall data increased to 1,093mm against the normal rainfall of 242mm as of date from Jan 1. The district received 132mm of rainfall in the past 24 hours till 8.30 am, with Puttur taluk receiving 167mm of rain. The water level in the Nethravati River at Bantwal touched 7.6m against the danger level of 9m. In Uppinangady, the water level in the Nethravati River was 27m (above mean sea level) against the danger mark of 31.5m(above mean sea level). A few families residing near high-risk zones relocated to the homes of relatives in safer areas. The water level in Thumbe dam touched 6m, and the authorities opened 29 crest gates. The minister visited the houses of two fishermen, who were missing after their boat capsized at Thota Bengre, and promised to release Rs8 lakh each to the families from the Karnataka Fishermen Distress Relief Fund (KFDRF). MLA Ashok Rai's cow dies A mudslide caused by heavy rain late on Friday destroyed the cattle shed near the house of Puttur MLA Ashok Kumar Rai, resulting in the death of one of the two cows present there. One cow was buried under the soil and died, while the other cow was injured. The injured cow was rescued from the debris, said Rai. Surfing event postponed Due to adverse weather conditions and pending authorisation from the deputy commissioner, the 6th NMPA Indian Open of Surfing (IOS) could not be held on Saturday too. The organisers said that the event has been postponed and is likely to be held on Sunday.
Business Recorder
18 hours ago
- Business
- Business Recorder
Panel suggests review of USC sell-off decision
ISLAMABAD: The 9th meeting of the Standing Committee on Privatisation held Friday under the chairmanship of Muhammad Farooq Sattar, here at Parliament House. After confirmation of the minutes of previous meeting, secretary Privatisation Division briefed the committee on the implementation status on the recommendations of the previous meeting and stated that the committee had recommended that the decision to privatise Utility Stores Corporation (USC) should be reviewed. He stated that the Cabinet Committee on Privatisation/Cabinet is the competent forum for inclusion of SOEs in the privatisation programme and the recommendations of the Standing Committee will be brought before CCOP/Cabinet. Hesco, Pesco and Fesco: PD tasked with completing sell-off homework by Q2 The representatives of Peshawar Electric Supply Company (PESCO) and Hyderabad Electric Supply Company (HESCO) briefed the committee on the progress of privatisation process of the DISCOs. The committee showed its serious concern over unannounced and heavy load shedding and directed to ensure to minimise the load shedding duration. The committee also expressed its displeasure on non-cooperation and not attending the phone calls of the public representatives and directed to ensure and prioritise the parliamentarian's telephone calls and to resolve their matters. The representative of the Ministry of Finance briefed the committee on the status of Rs48 billion promissory notes and the interest acquired thereon. He informed the committee that in 2021-22 Rs14 billion provided to Postal Life Insurance Company Limited (PLICL) and government of Pakistan stand committed to pay the remaining amount. On the other hand, the representative of the PLICL informed the committee that Ministry of Finance is not paying sufficient amount to meet the clients claims that is why the number of clients have been dropped up to 50 per cent. After thorough deliberation on the subject, the committee observed that the PLICL stance is justified and recommended that an amount of Rs8 billion must be provided to PLICL latest by September 2025. The committee also recommended that PLICL must ensure to protect the policy holders rights. The committee deferred, 'The Privatisation Commission (AMENDMENT) Bill, 2024' (government bill) till its next meeting. Copyright Business Recorder, 2025
Time of India
a day ago
- Business
- Time of India
Company secretary of pvt firm loses Rs43L in online task scam
Pune: A company secretary (38) working with a private company in Hadapsar lost Rs44 lakh in an online task fraud between May 3 to 8. The woman transferred the amount between May 3 and 8 through 23 transactions to different bank account numbers provided to her. When she tried to withdraw her money, she was asked to pay Rs20 lakh more. Realising that she was being duped, she approached the cyber police on May 10. After preliminary investigations, a case was registered with the Hadapsar police on Thursday. An officer from the Hadapsar police said, "She worked with a prominent chemicals manufacturing company's office in Hadapsar. She received a message on May 3 on a mobile messenger app about a part-time job. When the woman contacted that number, she was offered a job of giving online reviews to hotels and earn Rs8,000 per day by sitting at home." "The woman accepted the offer. A link was shared with her and she completed the task given to her. Once done, Rs150 was transferred to her bank account," the officer said. He said the woman was offered more profit if she invested in prepaid tasks. She then transferred Rs2,000 and got Rs 2,800 in return. "The woman then went on transferring amounts to earn more profit. After transferring Rs44 lakh, she could see that she earned a profit of Rs6 lakh. When she tried to withdraw her Rs 50 lakh, she was not allowed. Instead, she was told to transfer Rs20 lakh more," the officer said. He said when the woman refused to give the crooks more money, they stopped responding to her. The woman discussed the issue with her uncle, who advised her to lodge a complaint.
Business Standard
2 days ago
- Business
- Business Standard
Fabtech Technologies Cleanrooms Limited Delivers Strong FY25 Performance 54% Revenue Growth 310 bps PAT Margin Expansion
PNN Mumbai (Maharashtra) [India], May 29: Fabtech Technologies Cleanrooms Limited (BSE: 544332), a leading manufacturer of pre-engineered and pre-fabricated panels and a trusted provider of end-to-end turnkey cleanroom solutions, the company has announced its Audited Financial Results for the half-year and full year ended March 31, 2025. FY25 Key Highlights (Consolidated): - Revenue Growth: 54% year-on-year increase, reaching Rs150.03 crores - Net Profit Margin: Improved to 8.81%, a rise of 310 basis points YoY - Working Capital Efficiency: Cycle reduced significantly from 173 days to 123 days - Return on Capital Employed (ROCE): Elevated to 22.82% from 15.76% in FY24 Commenting on the results, Chairman said: I am pleased to share our FY25 performance, which reflects strong execution, enhanced operational efficiency, and financial prudence. Our consolidated revenue grew 54% to Rs150.03 crore, and PAT margins improved significantly to 8.81%. The reduction in working capital days and a strong ROCE of 22.82% underscore our disciplined approach to growth. We are building a sustainable and resilient company -- focused on long-term value creation, minimizing short-term fluctuations. Our journey is not a quarter-to-quarter story; meaningful momentum will accelerate post-2027. That said, we are actively working to fast-track our progress through bold, thoughtful decisions. We're creating a unique integrated design-build setup with most of our manufacturing done in-house, which allows us to enhance both control and value. Market consolidation and expansion, and product innovation are moving in the right direction. We've secured our first semiconductor order, marking a pivotal milestone for our company. The successful delivery of this project will serve as a key reference and benchmark, and we are fully committed to accelerating its execution and completion. In line with the objectives outlined in our IPO's object clause, we increased our stake in Kelvin Air Conditioning and Ventilation Systems Private Limited to 51.33% in April 2025, thereby making it a subsidiary. This strategic move enhances our presence in the HVAC segment, a vital element of cleanroom infrastructure. We've also announced an interim dividend of Rs. 2 per share this year, not out of necessity but as a gesture of appreciation to our valued investors. Our financial position remains strong, and we remain underleveraged with continued support from our banking partners. Even as a listed entity, we are closely held by long-term investors -- and we believe that those who stay the course with us will be well rewarded. FY26 is shaping up to be a transformative year. We deeply value the trust of our stakeholders. Yes, challenges are there, but we are prepared. The path is clear, the conviction is strong, and we remain committed to learning and growing with all of you. Consolidated Key Financial Highlights - H2 FY25 - Revenue from Operations of Rs8,810.24 lakhs, YoY growth of 52.8% - EBITDA of Rs936.33 lakhs, YoY growth of 22.2% - EBITDA Margin of 10.6%, YoY decline of (260 bps) - Profit Before Tax (PBT) of Rs884.16 lakhs, YoY growth of 27.0% - PBT Margin of 10.0%, YoY decline of (200 bps) - Net Profit of Rs795.38 lakhs, YoY growth of 55.7% - Net Profit Margin of 9.0%, YoY growth of 20 bps Consolidated Key Financial Highlights - FY25 - Revenue from Operations of Rs15,003.19 lakhs, YoY growth of 54.1% - EBITDA of Rs1,690.74 lakhs, YoY growth of 88.2% - EBITDA Margin of 11.2%, YoY growth of 200 bps - Profit Before Tax (PBT) of Rs1,588.64 lakhs, YoY growth of 113.1% - PBT Margin of 10.5%, YoY growth of 290 bps - Net Profit of Rs1,329.56 lakhs, YoY growth of 138.9% - Net Profit Margin of 8.8%, YoY growth of 310 bps About Fabtech Technologies Cleanrooms Limited: Fabtech Technologies Cleanrooms Limited is a leading player in the cleanroom infrastructure segment, offering pre-engineered and pre-fabricated products and turnkey solutions for regulated environments across pharmaceuticals, biotechnology, electronics, and healthcare industries. The company is known for its integrated manufacturing capabilities and commitment to quality, innovation, and sustainable growth. For more information, please visit our official website or contact our support team. If you have any questions or require further information, please feel free to contact: AKMIL Strategic Advisors Private Limited Milind Apte - Director milind@ +91 98209 41925
Time of India
3 days ago
- Business
- Time of India
Cotton MSP hiked by 589, taking rates to 7,710-8,110/q
Nagpur: The govt has increased the minimum support price (MSP) for cotton, the major crop of the region, by Rs589. This takes the rates for long staple cotton to Rs8,110 a quintal and Rs7,710 per quintal for the medium staple grade. A section of farmers and activists said it was expected that MSP will be taken to at least Rs8,500 a quintal. According to govt calculations, cost of cultivation per quintal of cotton comes to Rs5,140. Against this, MSP of Rs8,110 leaves margin of Rs2,970 on each quintal of long staple cotton. Charudutta Mayee, ex-director of Central Institute of Cotton Research (CICR), said, "MSP should have been fixed at Rs8,500 a quintal to leave a decent profit for farmers." MSP for soyabean, the second major crop, has been increased by Rs436 to Rs5,328 a quintal. Rates of tur have been hiked by Rs450, taking it to Rs8,000 a quintal. The MSP for paddy has been hiked by Rs69, taking it to Rs2,369 a quintal.
