Latest news with #YTD
Hans India
a day ago
- Business
- Hans India
Yadagirigutta board eludes as two mantris flex their muscles
Hyderabad: Group politics within the ruling Congress party in Nalgonda district have reportedly delayed the constitution of the Yadagirigutta Temple Development (YTD) Trust Board, intended to be modelled on the lines of the renowned Tirumala Tirupati Devasthanams (TTD) in Tirupati. Ministers such as N Uttam Kumar Reddy and the Komatireddy brothers are understood to be actively lobbying to secure positions for their nominees on the Trust Board. The State government had made a clear decision to establish YTD, drawing inspiration from the TTD. A senior official confirmed that the government intends to constitute trust boards for temples with an annual revenue exceeding Rs 100 crore. As the Yadagirigutta Temple falls into this category, a trust board is slated for formation. To facilitate this, the government amended The Telangana Charitable and Hindu Religious Institutions and Endowments Amendment Act 2025 in March of this year. However, sources indicate that the initiative has stalled due to internal group politics within Nalgonda district. It is understood that information was already conveyed to public representatives in the district, but the response has been negative, with officials being asked to postpone the matter for a few days. Several MLAs from the district are reportedly eyeing positions on the board, given Yadagirigutta's annual income of Rs 224 crore. Chief Minister A Revanth Reddy recently instructed officials to swiftly establish the board, mirroring the TTD structure, with the aim of enhancing the management and development of the significant pilgrimage site. While the TTD Board comprises 29 members, the proposed YTD will have 18 members. This includes a Chairman, nine other members, one member from the State Legislative Assembly or Council, one each from the Scheduled Castes (SC), Backward Classes (BC), and Women categories, and one member from the founder trustee family. Four ex officio members, including the Principal Secretary Revenue, the Commissioner of Endowments, and the Executive Officer of Yadagirigutta temple, will also sit on the board. The Board's tenure will be for two years, with members receiving no salary but entitled to Travelling Allowance and Dearness Allowance. Officials stated that the government would issue a formal notification for the trust board's formation once they receive a go ahead from higher authorities.
BusinessToday
26-05-2025
- Business
- BusinessToday
Foreign Investors Reverse Position Ending RM3.29 Billion Inflow Streak
Kuala Lumpur Stock Exchange, or Bursa Malaysia Foreign investors reversed their position to net selling after a fourweek buying streak that saw cumulative inflows of RM3.29b. The week ended with a net foreign outflow of -RM392.3m, bringing the YTD net foreign outflow to -RM9.8b. Notably, the past four weeks marked the only period of foreign inflows for the year. Foreign investors were net seller on every trading day with outflow ranging from -RM0.9m to -RM207.7m. The largest outflow was recorded on Thursday at -RM207.7m, followed by Tuesday with -RM80.5m. The three sectors that recorded the highest net foreign infl ows were Utilities (RM56.5m), Construction (RM54.4m), andTelecommunications and Media (RM48.1m). The top three sectors that recorded the highest net foreign outflows were Financial Services (-RM240.9m), Consumer Products & Services (-RM139.1m) and Industrial Products & Services (-RM86.2m). Kenanga Research also noted that local institutions ended their four-week selling streak with net inflows amounting to RM222.9m, bringing their YTD net buying to RM7.9b. Meanwhile, local retailers also reversed their five-week outflow trend, recording a net inflow of RM169.4m. The average daily trading volume (ADTV) saw a broad-based decline last week. Local institutions and local retailers saw a decrease of -36.8% and -28.1% respectively, while foreign investors saw a decline of -29.1%. Related
Yahoo
23-05-2025
- Business
- Yahoo
Drewry: China-US container rates up by double digits
That didn't take long. Container freight rates out from China to the United States are surging after the trading partners agreed to pause tariffs. Freight rates from Shanghai to New York surged 19% or $704 to $4,350 per 40-foot container, and those from Shanghai to Los Angeles shot up 16% or $423 to $3,136 per 40-foot container, according to maritime consultant Drewry. Rates from New York to Rotterdam, Netherlands, Europe's busiest port, increased just 1% or $10 to $824 per container. Prices from Shanghai to Rotterdam, Shanghai to Genoa, Italy, and Rotterdam to New York fell 1% to $2,035, $2,742 and $1,961, respectively. Rates from Rotterdam to Shanghai and Los Angeles to Shanghai were a note, Drewry said it expects an increase in trans-Pacific spot rates in the coming week due to a shortage in capacity following the latest U.S.-China trade developments. The Drewry World Container Index composite prices increased 8% to $2,233, 78% below the previous pandemic peak of $10,377 in September 2021. However, the index was 57% higher than the average $1,420 in 2019, pre-pandemic. The average YTD composite index closed at $2,746, $151 lower than the 10-year average of $2,896 inflated by COVID in more articles by Stuart Chirls sees record containers amid tariff frenzy Zim profit up on higher container volume, rates No container tsunami heading to Los Angeles, says port chief US trade representative holds second hearing on Chinese ship fees The post Drewry: China-US container rates up by double digits appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Here's Recurve Capital Partners' Update on Cogent Communications Holdings (CCOI)
Recurve Capital, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first quarter was a volatile start to the year for the company. In Q1 2025, the fund returned -12.7% gross and -13% for Class A investors compared to -4.6% returns for the S&P 500 and -10.4% returns for the Nasdaq. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Recurve Capital highlighted stocks such as Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Cogent Communications Holdings, Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services. The one-month return of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) was -14.21%, and its shares lost 21.53% of their value over the last 52 weeks. On May 22, 2025, Cogent Communications Holdings, Inc. (NASDAQ:CCOI) stock closed at $45.90 per share with a market capitalization of $2.265 billion. Recurve Capital stated the following regarding Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in its Q1 2025 investor letter: "Let's zoom in on Cogent Communications Holdings, Inc. (NASDAQ:CCOI), one of our worst performers YTD – an unfortunate and surprising fact given the utility-like nature of its business model that almost completely dodges tariffs. Cogent is down idiosyncratically. I An aerial view of an internet exchange point, illustrating the importance of an online service provider. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Cogent Communications Holdings, Inc. (NASDAQ:CCOI) at the end of the fourth quarter compared to 27 in the third quarter. While we acknowledge the potential of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cogent Communications Holdings, Inc. (NASDAQ:CCOI) and shared the list of best telecom stocks to buy according to hedge funds. In its Q4 2024 investor letter, Recurve Capital highlighted Cogent Communications Holdings, Inc.'s (NASDAQ:CCOI) long term success in connectivity markets. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Hindustan Times
02-05-2025
- Automotive
- Hindustan Times
Royal Enfield registers sales of 86,559 for April 2025, registers growth of 55%
2025 Royal Enfield Hunter 350 is offered in three new colour schemes. Royal Enfield has announced that they sold 86,559 motorcycles in April 2025, which is a 6 per cent increase when compared to the same month during last year. Royal Enfield exported 10,557 motorcycles during the month as compared to 6,832 during the same month last year registering a growth of 55% over corresponding period last year. Domestic sales reached 76,002 units in April 2025, showing a modest 1 per cent increase from the 75,038 units sold in the same period last year. The export market demonstrated significant growth, with 10,557 units shipped in April 2025. This marks a substantial 55 per cent increase compared to the 6,832 units exported in April 2024. As of April 2025, the total sales for the fiscal year stand at 86,559 units, reflecting a 6 per cent growth over the corresponding period in the previous fiscal year (82,043 units). The YTD domestic sales mirror the April performance, with 76,002 units sold, a 1 per cent increase compared to the 75,038 units in the previous year-to-date. Also Read : Royal Enfield Hunter 350 vs Honda CB350: Your guide to choose between these two Similarly, the YTD export figures align with the April performance, showing 10,557 units exported, a robust 55 per cent growth over the 6,832 units in the same period of the last fiscal year. Speaking about the performance for the month of April 2025, B Govindarajan, Managing Director, Eicher Motors, and Chief Executive Officer, Royal Enfield, said, 'After achieving the million unit sales milestone in the past financial year, this year is also off to a flying start. In April, we introduced the 2025 Hunter 350 in new colourways at HunterHood — a celebration not just of the motorcycle's agility and youthful spirit but of the vibrant community that's at the heart of everything we do at Royal Enfield. We also expanded our international footprint, introducing the Classic 350 in Nepal and continuing to deepen our connection with our global riding community. As we move further into the new financial year, we are excited about what's coming next while staying true to our core philosophy of pure motorcycling." 2025 Royal Enfield Hunter 350 Royal Enfield introduced the 2025 Hunter 350 recently in the Indian market. With the update, the manufacturer took customer feedback and tried to fix all the issues that were reported with the outgoing generation. So, there is a new rear suspension, revised seat foam, an LED headlamp, more ground clearance and a slipper clutch. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 02 May 2025, 10:22 AM IST
