Latest news with #increments
The Sun
22-07-2025
- Business
- The Sun
RM1,700 minimum wage order enforced nationwide from Aug 1
PUTRAJAYA: The Ministry of Human Resources (KESUMA) has confirmed that the RM1,700 minimum wage order will be fully enforced nationwide starting Aug 1, 2025. This follows the end of a six-month deferment period granted to certain employers. In a statement issued today, KESUMA clarified that the order applies to all employers, regardless of company size, and includes non-citizen employees and contract apprentices. However, domestic workers remain exempt. 'Effective Aug 1, 2025, without exception, all employers, including those who previously benefited from the deferment period, must comply with the RM1,700 monthly minimum wage order,' the ministry stated. Employers failing to comply face penalties under the National Wages Consultative Council Act 2011, including fines of up to RM10,000 per affected worker. Repeat offenders may be fined up to RM20,000 or face imprisonment for up to five years. KESUMA also urged businesses to adopt the voluntary Progressive Wage Policy (PWP), which links salary increments to productivity and skills. 'Through the PWP, employers have the opportunity to raise employees' incomes based on productivity, skills, and work contributions, while also benefiting from targeted cash incentives provided by the government,' the statement added. Workers or employers seeking clarification can lodge complaints with the Department of Labour or visit KESUMA's official websites for details on the minimum wage and PWP. - Bernama
Mint
12-06-2025
- Business
- Mint
Monolithisch India IPO opens today; check GMP, subscription status, issue details, more
Monolithisch India IPO opens for subscription on Thursday, June 12 and will conclude on Monday, June 16. Monolithisch India IPO price band has been set between ₹ 135 and ₹ 143 per equity share, with a face value of ₹ 10 each. Investors can place bids for a minimum of 1,000 equity shares and in increments of 1,000 shares thereafter. Monolithisch India Limited produces and distributes specialized "ramming mass," a heat-resistant refractory utilised in induction furnaces for the iron and steel sector. The company's range of products includes SGB-777, SLM-999, BG-77, Quartzite Grain SLM -980, and SLM 980. As an ISO certified entity, the company focuses on manufacturing tailored ramming mass for heat insulation, which customers use as a refractory consumable in induction furnaces within iron, steel, and foundry operations. The primary customers of the company are iron and steel manufacturers located in Eastern India, predominantly in West Bengal, Jharkhand, and Odisha. The manufacturing facility is located in Purulia, West Bengal. The number of clients increased from 43 in 2023 to 61 by 2025. Monolithisch India's revenue surged by 41%, while its profit after tax (PAT) jumped by 70% from the financial year ending March 31, 2024, to March 31, 2025. As per the red herring prospectus (RHP), the company's sole listed peer is Raghav Productivity Enhancers Ltd (with a P/E of 88.64 times). Subscription for the public issue will open at 10:00 IST during Thursday's deals. Monolithisch India IPO consists of a fresh issue of 54,48,000 equity shares, aggregating to ₹ 82.02 crore. There is no offer-for-sale (OFS) component. The Monolithisch India IPO intends to use the net proceeds from the offering for several purposes, including financing capital expenditures for establishing the Company's manufacturing facility, making investments in its subsidiary, addressing working capital needs, and covering general corporate expenses. Hem Securities Limited serves as the book-running lead manager for the Monolithisch India IPO, whereas Kfin Technologies Limited acts as the registrar for this offering. The market maker for the Monolithisch India IPO is Hem Finlease Private Limited. Monolithisch India IPO GMP today is +36. This indicates Monolithisch India share price was trading at a premium of ₹ 36 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Monolithisch India share price is indicated at ₹ 179 apiece, which is 25.17% higher than the IPO price of ₹ 143. According to the grey market activities from the last seven sessions, the IPO GMP is trending upward today, suggesting a robust listing. The minimum GMP recorded is ₹ 10.00, while the maximum is ₹ 36, as per the insights from investorgain experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Yahoo
02-06-2025
- Business
- Yahoo
Boeing's Stock Is Crushing the Market in 2025. Can It Continue?
Boeing is delivering on its key objectives, and as long as it does so, the stock price should benefit. CEO Kelly Ortberg is improving the company's forecasting costs and ramping up production. The defense business generated a profit in the first quarter after serial losses over the last few years. 10 stocks we like better than Boeing › Boeing (NYSE: BA) stock is up 13.6% this year compared to a minimal gain for the S&P 500, primarily due to management's improved performance under relatively new CEO Kelly Ortberg, who was appointed last August and continues to steer the company in a positive direction. The key question is whether the stock price renaissance will continue. Here's the lowdown. The company started the year mainly as a self-help story. While no business in the aerospace industry will ever escape the orbit of influence of its cyclical end markets -- demand for air travel -- the reality is that Boeing had ample opportunity to outperform expectations due to prior disappointing operational execution. There are three main areas that Boeing needed to improve on going into 2025, specifically: Ramp up production of the narrow-body 737 MAX to an initial rate of 38 aircraft a month in 2025 and then increase it thereafter. Improve margin performance at Boeing Defense, Space & Security (BDS), particularly with its challenging fixed-price contracts. Keep the wide-body 777X on track for its estimated first delivery in 2026. The company appears to be delivering on all three of these objectives so far in 2025, and the self-help narrative is on track. According to Chief Financial Officer Brian West on the last earnings call, Boeing received approval from the Federal Aviation Administration (FAA) to expand flight testing, and he confirmed the target for the first delivery of the 777X in 2026 to Lufthansa. Moreover, key 777X customer Emirates recently confirmed it expected first delivery of the aircraft by the end of 2026. West also confirmed that the company was on track to achieve the 38-per-month rate on the 737 MAX. And Ortberg outlined plans to then increase the rate to 42 per month and then raise it in increments of five per month, with the increases taking at least six months to implement. There is no guarantee that it will meet this goal, and the company needs to demonstrate to the FAA that it can produce at a rate of 38 per month with high quality before the agency lifts its production cap. Still, management expects to hit the 38 number in the next few months -- something to keep an eye on. The issue of defense profitability is best illustrated by examining the following chart, and investors will hope it marks the start of a sustained period of profitability for its BDS division. Fortunately, there's reason to believe this might be the case. Management has long defined its BDS revenue in terms of three buckets, the smallest of which is the most problematic. About 60 percent of BDS' business is in its core defense sector, and it continues to perform with mid- to high-single-digit profit margins, according to West. The next 25% is allocated to the fighter and satellite programs, with West mentioning "favorable margin trends" on the earnings call. The real issue lies with the 15% in the fixed price programs, and here Ortberg disclosed that Boeing had achieved estimated-at-completion (EAC) "stability" in the quarter. EAC is a forecast of the total cost of a project based on current performance. Ortberg outlined an aim to improve EAC in October, with the goal of enhancing cost controls on these contracts. It is working, and management has confirmed progress on the milestones for the T-7 training airplane. Meanwhile, the MQ-25 (an aerial refueling drone) is scheduled to move to ground and flight testing in 2026. Over the near to medium term, there's every reason to think the company can. As long as Boeing continues to execute on the three areas discussed above, the narrative should remain positive, particularly when compared to the prevailing pessimism surrounding the company going into 2025. It's climbing a wall of worry, and as long as Ortberg can demonstrate progress on its key and near-term objectives, the stock is likely to receive support. That said, the company has a long way to go before it can convince investors that it's in a position to generate the kind of earnings and cash flow necessary to develop the next generation of narrow-body commercial aircraft while paying down debt and returning capital to investors. That's a deeper question that needs to be addressed by long-term investors, but for now, the outlook is positive for Boeing. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Boeing's Stock Is Crushing the Market in 2025. Can It Continue? was originally published by The Motley Fool Sign in to access your portfolio
Time of India
01-06-2025
- Business
- Time of India
OPEC+ countries agree production adjustment of 411,000 barrels per day in July 2025
Vienna: The eight OPEC+ countries , which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook. In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1 2025, the eight participating countries will implement a production adjustment of 411,000 barrels per day in July 2025 from June 2025 required production level. This is equivalent to three monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability . The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 6 July 2025 to decide on August production levels.
Asharq Al-Awsat
03-05-2025
- Business
- Asharq Al-Awsat
OPEC+ Countries Reaffirm Commitment to Market Stability on Current Healthy Oil Market Fundamentals
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on May 3, 2025, to review global market conditions and outlook, SPA reported. In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024, to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1, 2025, the eight participating countries will implement a production adjustment of 411,000 barrels per day in June 2025 from May 2025 required production level. This is equivalent to three monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The eight countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3, 2024. They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on June 1, 2025, to decide on July production levels.
