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Business Insider
5 hours ago
- Business
- Business Insider
Prabhudas Lilladher Reaffirms Their Hold Rating on Steel Authority of India Limited (SAIL)
In a report released yesterday, Tushar Chaudhari from Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report), with a price target of INR133.00. The company's shares closed last Friday at INR129.18. Confident Investing Starts Here: The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target, which is a -22.59% downside from current levels. In a report released on May 30, J.P. Morgan also maintained a Hold rating on the stock with a INR120.00 price target. Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
Yahoo
2 days ago
- Business
- Yahoo
'Something to prove': New city leadership sworn in during May 28 Panama City inauguration
PANAMA CITY— The rotunda of city hall was packed to the brim with suits, ties and collared shirts on May 28 as community and state leaders rubbed elbows and city staff prepared the festivities. Panama City hosted its inauguration for the incoming mayor and city commissioner while welcoming a familiar face back to the table. Commissioners Brian Grainger and Janice Lucas reunited with returning Ward 4 Commissioner Josh Street and celebrated their new co-workers, Mayor Allan Branch and Ward 1 Commissioner Robbie Hughes. There was a lengthy invocation followed by The Pledge of Allegiance, after which a city staffer moved the event along with a wooden gavel. Hughes was the first invited to the front to take his oath of office, after which he took to the podium to make his remarks. He started by commending his campaign team and family, kicking the speech off with a comedic tone and gathering some laughs from the crowd. The new commissioner thanked everyone for sticking by him through what some Panama City readers may recall as a somewhat contentious election season, before continuing on to the value of service in his new position. "It fills a hole in my soul to be able to come and help somebody else with no expectation of anything in return," Hughes said. "I'm working for you, I need to make every decision and think about how it affects you, how it affects the people of Panama City, because every vote affects people." He leaned into his business background and how he wants to take what he has learned there and apply it to city government. Hughes said he was not a politician, which Branch later corrected in a comedic tone. "Every time you lay your head on the pillow, just know that I've done everything I can possible in working with this team and seeing all the staff to make the quality of life better in Panama City," Hughes said. "I thank you for your time, I thank you for your vote, and I thank you for your support. And hopefully in the future we're going to see some really good progress." Next up was Street, whose speech had a more serious tone of community resilience. "Standing here today is one of the greatest honors of my life, and I do so knowing the difficult job that we have and the difficult job ahead, but this moment isn't about me," Street said. "It is about a collective unity amongst all of us as citizens of the United states and citizens of the city of Panama City." He then covered some of life in the city over the past several years and its affects on the community. "We belong to a community that refuses to quit, a city that keeps getting back up through tornadoes, floods and hurricanes," Street said. "We've proven that tomorrow can be better than today, and we're willing to do the hard work to make it so." Street then told an anecdote about talking to his St Andrews neighbor whose house had been severely damaged by tornadoes. "What stayed with me most wasn't what was broken in that moment, it's (that) what couldn't be shaken was hope," he said. "She looked me in the eye and said 'we'll be fine, God's brought us through worse." Street talked about his dedication to residents of the community, his faith, and reiterated the resilience he believes Panama City to have. Last but not least was the new mayor, Allan Branch. After his oath of office he ditched the podium to move around the room and make gestures toward the crowd. Branch's speech was jovial in nature yet touched on the progress he believes he has seen in the city. "You can love something and acknowledge that there's challenges and hurdles and there's flaws in it," Branch said. "Since Hurricane Michael, my goodness, we've come so far, the progress we've made, we've challenged ourselves." Branch said that he would like to see the progress they've seen made in one part of the city, presumably downtown, to spread out to other areas of the city. He talk about how the common trait he's seen in accomplished people that he admires is their desire for feedback and their relentlessness. Branch would like to see the city emulate these qualities. "Being relentless usually comes from having something to prove," Branch said. "I have something to prove, and I think the city of Panama City has something to prove, not just to other cities, not just to the doubters, but to ourselves." Branch went on to talk about his past experiences growing up and his family's prominent role in the local business scene. He later moved on to talking about a plaque that all mayors get and what he wanted it to say. "You are a part of what makes this town special, a neighbor, a teacher, a business owner, a builder, a dreamer," Branch said. "You do not need a title like mayor or commissioner to shape this town. Help someone who needs it, speak up even with a shaky voice. Real change does not wait for permission, it starts with people like you, and that's how a city becomes a community." After a long prayer, attendees then moved on to snapping photos and enjoying some catered snacks. This article originally appeared on The News Herald: New Panama City mayor calls for feedback, relentlessness at inauguration
Time of India
2 days ago
- Business
- Time of India
Apollo Hospitals Q4 Results: Cons PAT jumps 53% to Rs 390 crore; Rs 10/share dividend announced
Synopsis Apollo Hospitals Q4 Results: Apollo Hospitals Enterprise on Friday announced its Q4FY25 earnings where the company reported a net profit growth of 53.5% to Rs 390 crore versus Rs 254 crore in the year ago period. The profit is attributable to the owners of the company and has beaten Street's estimates of Rs 374 crore.
Hype Malaysia
2 days ago
- General
- Hype Malaysia
Remaining Highland Towers To Be Demolished For Up To RM7 Million?
One of Malaysia's most haunting landmarks may finally meet its end, over three decades after tragedy struck. The notorious and tragic Highland Towers in Hulu Keang, Selangor. Known for the collapse of Tower Block 1 in the heavy rain, which took 48 lives in 1993. Once a symbol of upscale living, the now-abandoned complex has long stood as a ghostly reminder of the past, drawing concern from nearby residents and urban explorers alike. Over the years, safety risks and community complaints have reignited calls for its demolition, raising the question: what should become of this scarred site? A decision on whether the two remaining Highland Towers blocks can be demolished is expected in two months, with the Ampang Magistrate Court scheduled to deliver its verdict on July 25. The Ampang Jaya Municipal Council (MPAJ), which filed for a court order last year, has been actively pursuing the clearance of the abandoned structures after years of inaction and public concern. According to MPAJ deputy president Hasrolnizam Shaari, the council must wait for the court's ruling before proceeding with any demolition work. 'Once the court delivers its verdict, MPAJ has to inform the state government. Only after receiving the state government's input can MPAJ move forward,' he said during the council's monthly full board meeting held at Menara MPAJ, Pandan Indah. In light of the repeated complaints from nearby residents, the council began the process of demolishing the remaining blocks. MPAJ president Dr Ani Ahmad had stated that demolition notices would be issued to the property owners and that the process would follow Sections 87, 88, and 89 of the Street, Drainage and Building Act 1974 (Act 133) — laws that relate to public nuisances and buildings unfit for habitation. While the cost of demolition would cost a pretty penny of RM6 million and RM7 million, the abandoned blocks could be transformed into a public recreational park, according to stalled plans from 2018 by then Housing and Local Government Minister Zuraida Kamaruddin. Should the court grant approval and the Selangor state government give the green light, MPAJ will finally be able to proceed with the long-delayed demolition. What comes after remains unclear, but residents and urban planners alike hope it will bring closure and new opportunities for the community. If the court and state government approve, MPAJ can finally proceed with demolishing the long-abandoned Highland Towers blocks — a move many hope will bring closure and spark new possibilities for the site. At the same time, the council is advancing wider urban upgrades with RM7.5 million allocated for local infrastructure and an additional RM25 million from state and federal sources to support roadworks, public amenities, and pedestrian-friendly projects, reflecting a broader push for people-focused development in the area. What would you do with the Highland Towers? Source: The Star Gan contributed to this article. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
New Straits Times
3 days ago
- New Straits Times
Police 'lock down' Selayang buildings, screen 1,435 foreigners
KUALA LUMPUR: A multi-agency raid led by federal police in Selayang saw two buildings "locked down" and 1,435 foreigners screened. The vast majority of those screened were from Myanmar, while others were from Bangladesh, India, Indonesia, and Nepal. Some 160 were children. The raid, dubbed "Op Kachi", began at 10.45pm with 560 personnel, including those from the General Operations Force, Immigration Department, Kuala Lumpur City Hall, and Civil Defence Force, closing off all entry and exit points in Selayang Utara. Bukit Aman Internal Security and Public Order Department deputy director (General Operations Force) Datuk Mohamad Suzrin Mohamad Rodhi said 225 residential and business units in the two shoplot buildings were raided. "The operation was conducted following two weeks of surveillance based on complaints over the high number of undocumented foreigners in the area. "When we sprang into action last night, some of them even tried to evade our checks by climbing onto rooftops to hide," he told reporters at the scene today. Of those screened, 1,222 were from Myanmar, followed by Bangladesh (142), India (9), Indonesia (4), and Nepal (1). Suzrin said the Myanmar nationals comprised 702 men, 360 women, and 160 children. Many of them were Rohingya holding United Nations High Commissioner for Refugees (UNHCR) cards. He added that the Immigration Department would verify the authenticity of the UNHCR cards. "I've been told that a number of them have been flagged, as scans of their cards yielded negative results. "They will be brought to the Immigration Department office in Putrajaya for further checks," he said. A number of foreigners were subsequently detained, though details were not immediately available. Suzrin said they would also be taking further action against those found employing foreigners without proper permits, as well as individuals providing shelter to undocumented migrants. He added that personnel from the Energy Commission, National Water Services Commission (SPAN), and Tenaga Nasional Berhad who joined the raid also uncovered illegal renovations and unauthorised water and electricity connections in the buildings. "Various offences have been detected under the Electricity Supply Act, Street, Drainage and Building Act, and Local Government Act. Further investigations and enforcement action will be taken by the relevant authorities," he said. This is the second time Bukit Aman has launched a crackdown by locking down an entire area known to be populated by foreigners. In December 2023, over 1,000 officers and members of the GOF surrounded the "Mini Dhaka" area in Jalan Silang.
