Latest news with #ValueandValuation
Time of India
5 days ago
- Time of India
100-feet high tsunami hits Alaska fjord after glacier collapse, experts warn similar mega landslides could hit populated towns
A massive landslide near South Sawyer Glacier in Southeast Alaska unleashed a powerful local tsunami early Sunday morning(August 10), sending waves towering up to 100 feet near the source and slamming nearby islands with enough force to strip entire slopes of trees. The event, which occurred around 5:30 am local time in the remote Endicott Arm area, about 60 miles southeast of Juneau, is being called the largest landslide-triggered tsunami in Alaska since 2015. Scientists say tens or even hundreds of millions of cubic meters of bedrock collapsed into the fjord, displacing vast amounts of water and generating a surge felt more than 75 miles away. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Survivors' harrowing escape by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo Three kayakers, Sasha Calvey, Billy White, and Nick Heilgeist, were camping on Harbor Island when they awoke to the roar of rushing water just feet from their tent. Although they had pitched camp well above the high tide line, the wave tore through their site, sweeping away most of their gear and scattering their kayaks, one lodged in a tree, another stranded on a cliff. 'It was just pure chaos out of nowhere,' Heilgeist told reporters. The trio, professional guides on a summer-long Inside Passage expedition, were eventually rescued by the charter yacht Blackwood, whose crew fought strong currents to reach them. Live Events A colossal wave and far-reaching impact Near Harbor Island, waves were estimated at 10–15 feet high. But closer to the source, at Sawyer Island, the National Park Service recorded a run-up of at least 100 feet, with vegetation completely stripped from rocky slopes save for a lone tree. The surge reverberated for hours, like water sloshing in a giant bathtub, and was recorded on a tide gauge in Juneau with fluctuations of about one foot. Although the tsunami was destructive along the fjord, the National Weather Service reported no injuries or damage to infrastructure, a stroke of luck, scientists say, given the early hour and absence of cruise ships or tour boats in the narrow waterway. The science behind the slide Unlike more common landslides caused by surface soil failure, this event involved vast slabs of bedrock crashing into tidewater. The Alaska Earthquake Center 's Ezgi Karasözen said preliminary estimates suggest a volume exceeding 100 million cubic meters, though precise measurements will take weeks. The slide was preceded by an unusual sequence of small earthquakes, hundreds of magnitude 1–2 tremors over roughly 18 hours, offering a rare 'precursory signal' that scientists hope could improve future hazard detection. Seismometers more than 600 miles away picked up the signal, confirming the sheer magnitude of the collapse. A warning for the future Experts caution that while this landslide struck in a remote location, similar events could happen near populated coastal towns.
Time of India
5 days ago
- Business
- Time of India
Vishal Mega Mart shares surge 8% as Q1 profit jumps 37% YoY
Vishal Mega Mart shares surged 7.7% to an intraday high of Rs 155.45 on the BSE on Thursday after the company reported strong year-on-year (YoY) growth in profitability for the first quarter of FY26. Profit After Tax (PAT) for the April-June period rose 37.2% to Rs 206.10 crore from Rs 150.10 crore in the same quarter last year, with the PAT margin improving to 6.6% from 5.8%. Revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The company's reported EBITDA increased 25.6% to Rs 459.20 crore from Rs 365.60 crore, with the EBITDA margin improving to 14.6% from 14.1% in the corresponding quarter. In terms of segment contribution, apparel accounted for 47.4% of total revenue in Q1FY26, followed by general merchandise at 27.3% and FMCG at 25.1%. As of June 30, 2025, Vishal Mega Mart had a consumer base of approximately 151 million. Own brands contributed 75.8% of the company's revenue during the quarter. 'In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India,' said Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart. Live Events 'The Indian economy remained steady in Q1FY26. Moderation in retail inflation, coupled with favourable tax policie,s is expected to offer relief to household budgets and improve consumer confidence. With our business on a solid footing, we will continue to deliver affordable and aspirational products backed by cost efficiency and focus on execution to create lasting stakeholder value,' he added. Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
5 days ago
- Business
- Time of India
Infosys shares jump 2% after Rs 1,300 crore deal to buy Telstra's Versent stake
Shares of IT services company Infosys jumped 2% to Rs 1449.90 on Thursday after the Bengaluru-based firm agreed to acquire a 75% stake in Versent Group , a wholly owned unit of Australia's Telstra Group, in a deal valued at AUD 233.25 million (over Rs 1,300 crore). Infosys said on Wednesday that the acquisition, comprising upfront and deferred consideration but excluding management incentives and retention bonuses, would expand its local presence in Australia's cloud and AI services market. The transaction is expected to close in the second half of fiscal 2026, subject to clearance from Australia's Foreign Investment Review Board and the Australian Competition and Consumer Commission. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Melbourne-headquartered Versent Group delivers cloud services to organisations in sectors such as finance, energy, utilities, government and education. It employs 650 engineers, strategists, and advisors, and in FY25 reported revenues of AUD 211.4 million (over Rs 1,800 crore), serving blue-chip clients across Australia and New Zealand. Telstra will retain the remaining 25% stake, while Infosys will have operational control of the joint venture . The partnership will combine Telstra's connectivity, Versent's local digital engineering expertise, and Infosys' global scale in AI and cloud. The offering will be underpinned by Infosys' AI platform Topaz, its cloud services suite Cobalt, and cybersecurity capabilities from The Missing Link. Executives hail collaboration Live Events 'This collaboration reflects our confidence in the value we can unlock together,' Telstra CEO Vicki Brady said. Infosys CEO Salil Parekh described the deal as a 'new opportunity to further accelerate the innovation agenda' for the region, while Infosys executive vice-president Anand Swaminathan said the JV would deliver 'secure, resilient' cloud and AI solutions for Australia and New Zealand. U.S.-listed shares of Infosys rose after the announcement and were last up 1.6% at $16.33. Also read | Infosys to buy 75% stake in Telstra unit for $153 million ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
United Spirits shares in focus after Q1 profit drops 14% despite revenue growth
Shares of United Spirits are set to be in focus on Thursday after the Diageo-controlled liquor maker posted a 14% decline in consolidated net profit to Rs 417 crore for the June quarter of FY26, even as revenues inched higher on steady growth in its core beverage alcohol and sports businesses. United Spirits Ltd (USL) reported on Wednesday that its net profit for the quarter ended June 30 fell from Rs 485 crore a year earlier to Rs 417 crore, according to a regulatory filing. Revenue from operations rose marginally to Rs 6,295 crore, up from Rs 6,238 crore in the corresponding period last fiscal, while total expenses increased 2.79% to Rs 5,776 crore. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The company said its June quarter EBITDA was Rs 644 crore, down 9.7%, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business. Business performance Income from USL's beverage alcohol segment climbed 8.37% to Rs 2,549 crore. Its sports subsidiary, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB teams in the IPL and WPL, posted a 15.73% rise in revenue to Rs 478 crore. Live Events Consolidated net sales value grew 9.4% to Rs 3,021 crore, driven by the 8.4% growth in the standalone business and 15.7% reported growth of the sports business housed in the 100% subsidiary RCSPL, the company said. The Prestige & Above segment contributed 88.3% of net sales in the quarter, while the Popular segment, accounting for 9.8% of net sales, grew 13.6%. Total income was Rs 6,367 crore, up 1.5% year-on-year. Management view 'We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition,' said Managing Director and CEO Praveen Someshwar. USL, which owns brands such as McDowell's, Royal Challenge , Signature, Johnnie Walker and Black Dog, saw its shares close at Rs 1,306.80 on the BSE on Wednesday, up 0.71%. The stock has fallen 21% so far in 2025 and is down 3.6% over the past month. Also read | Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
Amazon's same-day perishable grocery delivery now offers thousands of fresh items from produce to seafood
Amazon announced that its same-day perishable grocery delivery service is now available in more than 1,000 US cities, with plans to expand to over 2,300 areas by the end of 2025. The service features thousands of fresh grocery items, from produce to frozen goods, alongside millions of other Amazon products. The selection includes fresh fruits such as strawberries, Honeycrisp apples, limes, and avocados; dairy items like milk, cheese, and yogurt; fresh meats and seafood; bakery items; and frozen meals. Customers can also include household products, electronics, and books in the same order for delivery within hours. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Also read: Amazon share price rises after Prime, non-prime members get never-before grocery delivery options 'Thousands of fresh grocery items are now available alongside millions of everyday products, all delivered within hours,' the company stated. Prime members can get free same-day delivery on orders over $25, while non-members can use the service for $12.99 per order. Specialized facilities ensure freshness in expanded service The expansion complements Amazon Fresh, Whole Foods Market, and other local grocery and specialty retailers available on Amazon. The company uses temperature-controlled fulfillment centers to ensure freshness, with each item undergoing a six-point quality check before delivery. Perishables are shipped in insulated, recyclable bags to maintain proper temperature. Live Events The service was first tested in Phoenix; Orlando, Florida; and Kansas City, Missouri. Amazon said that strawberries, Honeycrisp apples, limes, and avocados are among the most popular same-day delivery grocery items. Customers can access the offering by visiting the Same-Day Store on and selecting the Food and Grocery category. Orders can combine groceries with other same-day delivery products, including electronics, kitchenware, and entertainment items. A June 2025 Capital One Shopping Research report found that 138.3 million Americans purchased groceries online in 2024, with 28 per cent doing so at least once a month. On average, online shoppers spend nearly 29.4 per cent of their grocery budgets online. The top three categories purchased were nonperishable foods, soft drinks, and fresh food. Also read: Amazon expands same-day grocery delivery to perishable foods to compete with Instacart, Walmart By 2029, the report projects more than 180 million Americans will buy groceries online, with the largest share of shoppers between ages 18 and 34.
