- A + A KUALA LUMPUR (June 25): Federal Territories Minister Datuk Seri Dr Shahidan Kassim has urged unrelated parties to stop interfering and politicising the issue of land acquisition for the Sungai Baru redevelopment project in Kampung Baru, which is still in the process of negotiations. He also urged the group of residents who still disagree with the land acquisition process not to be confused and influenced by those who just want to take advantage of the issue by pretending to be "heroes". “Landowners are more entitled than others. They voice their opinion a little wrongly when the opinion is channelled to those who want to take advantage. “I may be challenged by other parties. Go ahead. Challenge me. I have no problem but I am still in favour of the landowners. There is no need to look for others because we (the government) will make the decision, but if other people want to be heroes, it is up to them,” he said at the press conference of the Self-Defence … [Read more...] about Shahidan: Unrelated parties must stop interfering, politicising Sungai Baru issue
Express as rupees 8 paise
Singapore regulator praises leaders of crypto firms like Binance
- A + A (June 25): Just days after saying Singapore is “brutal and unrelentingly hard” on bad behaviour in the crypto industry, Sopnendu Mohanty, the chief fintech officer of the city’s regulator, struck a cordial tone. Mohanty, in a LinkedIn post summarising his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector. “Leaders from the crypto/token space (Binance, Crypto.com, Ripple and others) are fully committed to building a secure and sustainable innovation solving real problems, and identifying real-economy opportunities,” said Mohanty of the Monetary Authority of Singapore (MAS). “It is heartening to see the clarity among chief executive officers (CEOs) on the need to create a responsible and compliant industry. The future is on the right path.” Mohanty’s praise comes as the digital currency market continues to spiral downwards following a broad-based sell-off in digital assets and the collapse … [Read more...] about Singapore regulator praises leaders of crypto firms like Binance
Bob Dylan sells entire catalog of over 600 songs spanning 60 years
Universal Music has bought the entire back catalog of Bob Dylan's songs, the company announced Monday, describing the deal as "one of the most important" music publishing agreements of all time. The deal covers more than 600 song copyrights spanning 60 years including Blowin' In The Wind , The Times They Are a-Changin' , Like A Rolling Stone, Lay Lady Lay, and Forever Young , Universal Music said in a statement. The music company gave no financial details of the purchase but the Financial Times reported it was a "nine-figure deal." The New York Times estimated the price at more than US$300mil (RM1.22bil). The value of owning music rights has soared in recent years with the surge in popularity of streaming sites such as Spotify, a trend that has grown during the pandemic lockdown. Dylan, who burst onto the folk scene in New York in the early 1960s, has sold more than 125 million records around the world. The US folk and rock legend's songs are also frequently covered by … [Read more...] about Bob Dylan sells entire catalog of over 600 songs spanning 60 years
French government supports enshrining abortion in constitution
Prime Minister Elisabeth Borne said the government would support the pro-abortion bill 'wholeheartedly' PARIS - Politicians representing a parliamentary majority on Saturday voiced support for a bill enshrining abortion rights in France's constitution, after the US Supreme Court revoked the nationwide legal protection for American women to terminate pregnancies. The landmark ruling by the conservative-majority court on Friday overturned almost five decades of constitutional protections for abortion in the United States, allowing individual states to regulate the procedure. The American religious right had never accepted the previous 1973 "Roe v. Wade" ruling that guaranteed US abortion rights and several conservative states immediately announced they would ban abortion. France was one of several US allies to condemn the decision, with President Emmanuel Macron denouncing a threat to women's freedom. The leader of Macron's party in parliament on Saturday said she had tabled a … [Read more...] about French government supports enshrining abortion in constitution
Cordillera weavers as visual artists
BRAND STRENGTH Fashion and décor brand Narda’s has exported woven textiles and garments that blended art and utility. —EV ESPIRITU BAGUIO CITY—Imelda Cadaweng, a Baguio-based weaver who hails from Mountain Province, has matched a terra-cotta art piece rendered by Luisa Galang with a woven tapestry that is on display at the University of Baguio. Cadaweng belongs to a group of weavers trying their hands at producing woven art for a project called, “Art Weave,” which features handwoven tapestries that interpret nine paintings being exhibited at this year’s crafts show, “Mandeko Kito” (Ibaloy for ‘Let’s sell’). In a video documentation, Cadaweng admitted being a little apprehensive about producing a companion tapestry for Galang’s piece, which has snake-like terra cotta heads leaping off the canvas. With the help of fellow weaver Leticia Bacolong, Cadaweng’s “translation” was a brown woven textile embossed with cartoon-like brown heads attached to elongated necks. Intricate … [Read more...] about Cordillera weavers as visual artists
Friends at first sniff: People smelling alike do hit it off
INQUIRER.net stock images WASHINGTON — It’s often said that people who click right away share “chemistry.” This expression could be true in the literal sense, according to a new study published in the journal Science Advances on Friday, which finds people with similar body odors are more likely to hit it off as friends. “Nonhuman terrestrial mammals constantly sniff themselves and each other and, based on this, decide who is friend or foe,” wrote a group of researchers led by Inbal Ravreby at Weizmann Institute of Science in Israel. Since people seek friends who are similar to themselves, the team hypothesized that humans may smell themselves and others to subconsciously estimate body odor similarity and judge their compatibility. To find out, they set about collecting samples from pairs of same-sex, nonromantic friends who described themselves as having clicked at first sight, that is to say “where a sense of friendship was formed before extensive biographical information … [Read more...] about Friends at first sniff: People smelling alike do hit it off
Buy Dollar Industries; target of Rs 537: Hem Securities
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hem Securities report on Dollar Industries Dollar Industries Q4 FY22 consolidated revenues came in at ₹ 376 Cr, up 21% YoY and down 1.8% QoQ with a volume decline of 2% YoY. PBIDT for Q4FY22 stood at ₹ 59 Cr, up 78% YoY and down 10.1% QoQ. PBIDTM for Q4FY22 came at 15.7%, up 500 bps YoY and down 146 bps QoQ. PAT for Q4FY22 stood at ₹ 37Cr, up 84.6% YoY and down 16.4% QoQ. Gross margins were impacted due to a steep increase in cotton yarn prices. Outlook We initiate a “BUY” rating on the stock and value the stock at 13.7x FY24E earnings to arrive at the target of ₹537. Close More Info At 12:08 hrs Dollar Industries was quoting at Rs 462.05, up Rs 7.50, or 1.65 percent. It has touched an intraday high of Rs 465.40 and an intraday low of Rs 460.65. It … [Read more...] about Buy Dollar Industries; target of Rs 537: Hem Securities
Buy Cyient; target of Rs 911: Hem Securities
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hem Securities report on Cyient Cyient Ltd Q4FY22 consolidated revenues came in at ₹1181.2 Cr, up 8.06% YoY and down 0.19% QoQ. EBITDA for Q4FY22 stood at ₹212.4 Cr, up 37.39% YoY and up 0.28% QoQ. EBITDA margins for Q4FY22 came at 17.98% as compared to 17.9% in Q3FY22 and 14.14% in Q4FY21. PAT for Q4FY22 stood at ₹154.2 Cr, up 49.56% YoY and up 17.00% QoQ. Outlook We give a “BUY” rating on the stock and value the stock at 15.2x FY24E earnings to arrive at the target of ₹911. More Info Close At 13:25 hrs Cyient was quoting at Rs 787.95, down Rs 3.35, or 0.42 percent. It has touched an intraday high of Rs 810.30 and an intraday low of Rs 786.00. It was trading with volumes of 6,115 shares, compared to its thirty day average of shares, a decrease of … [Read more...] about Buy Cyient; target of Rs 911: Hem Securities
Accumulate Vinati Organics; target of Rs 1983: CD Equisearch
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × CD Equisearch's research report on Vinati Organics As per Crisil Research, the Indian specialty chemicals industry is expected to outpace its Chinese counterpart and almost double its global market share to ~6% by 2026. Much of this growth will be powered by solid export tailwinds due to a shift in the global supply chain driven by the China+1 policy of vendors and demand recovery in domestic end-user segments. Currently, the industry is confronted with a sharp rise in input costs, including fuel costs, and facing logistical challenges emerging from China. Beyond the ‘Chine plus one’ opportunity within agrochemical and pharmaceutical manufacturing, tailwinds from the imminent investment cycle in e-mobility, batteries, and renewables have further expanded the total addressable market that has … [Read more...] about Accumulate Vinati Organics; target of Rs 1983: CD Equisearch
Buy Nazara Technologies; target of Rs 1813: Prabhudas Lilladher
The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E. Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Nazara Technologies We hosted Mr Manish Agarwal, CEO of Nazara Technologies for a NDR recently. Management indicated that Battle Grounds Mobile India (BGMI) Master Series IP which is to be telecast on … [Read more...] about Buy Nazara Technologies; target of Rs 1813: Prabhudas Lilladher