
Lagos introduces online portal for building material testing
Harsh Winter A Double Blow For Contractual Professors In KashmirIn the end, the third-quarter catalysts—interest rate cuts and easing inflation—failed to lift the local bourse that struggled to climb and sustain an ascent the entire year. By the closing bell on Friday, the last trading day of 2024, the benchmark Philippine Stock Exchange Index (PSEi) lost 0.16 percent or 10.23 points to 6,528.79. Meanwhile, the broader All Shares Index added 0.45 percent or 16.73 points to close at 3,748.51. READ: 2024 not a very good year for IPOs in PH A total of 1.18 billion shares worth P4.19 billion changed hands, stock exchange data showed. Foreigners opted to shed their stocks, with foreign outflows totaling P112.76 million. Although the PSEi’s closing value for the year is 1.22 percent higher year-on-year, it is still lower by 0.4 percent versus the beginning of 2024. Juan Paolo Colet, managing director at investment bank China Bank Capital Corp., said it was a “bittersweet culmination to a volatile year marked by steep rallies and corrections as hope turned into caution.” “Just like 2023, this year again turned out to be fairly good for investors who were able to trade in and out of the major market waves,” Colet said. To recall, the local stock barometer charged into the bull territory in September following the first of the Bangko Sentral ng Pilipinas’ three quarter-point rate cuts of the year. Entering the bull market meant the PSEi climbed by at least 20 percent from its recent low. In this case, the index jumped from around 6,100 in June to as high as 7,500 in October. However, the easing cycle proved not to be enough to give the bourse a lift. By November and December, the PSEi suffered several bloodbaths amid growing fears around US President-elect Donald Trump’s upcoming policies, including an import tariff hike that could lead to higher interest rates. Investors snapped up shares of mining and oil companies the most while also letting go of bank stocks. International Container Terminal Services Inc. was the top-traded stock as it slipped by 1.03 percent to P386 per share, followed by SM Investments Corp., up 1.93 percent to P899; BDO Unibank Inc., down 1.17 percent to P144; Ayala Land Inc., down 1.13 percent to P26.20; and Bank of the Philippine Islands, down 1.93 percent to P122 each. Other actively traded stocks were Globe Telecom Inc., up 4 percent to P2,184; SM Prime Holdings Inc., down 0.59 percent to P25.15; Metropolitan Bank and Trust Co., down 4.06 percent to P72; Jollibee Foods Corp., up 2.36 percent to P269; and Semirara Mining and Power Corp., up 1.45 percent to P34.90 per share. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . Gainers outnumbered losers, 138 to 82, while 44 companies closed unchanged, stock exchange data also showed. —Meg J. AdonisUnlocking the Hidden Potential of this Semiconductor Giant
LAWRENCEVILLE, N.J. (AP) — CJ Luster II's 20 points helped Stony Brook defeat Rider 72-55 on Saturday. Luster shot 7 for 11, including 6 for 9 from beyond the arc for the Seawolves (3-7). Joseph Octave scored 14 points, shooting 5 for 12 (1 for 4 from 3-point range) and 3 of 4 from the free-throw line. Ben Wight shot 5 of 7 from the field to finish with 12 points. The Seawolves snapped a five-game losing streak. Jay Alvarez led the Broncs (4-7) in scoring, finishing with 13 points and two steals. Rider also got 13 points, four assists and two steals from Aasim Burton. Tariq Ingraham also had seven points. Stony Brook took the lead with 4:48 left in the first half and did not relinquish it. Luster led their team in scoring with 12 points in the first half to help put them up 34-24 at the break. Stony Brook extended its lead to 50-33 during the second half, fueled by a 12-0 scoring run. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Top 10 Best Kitchen Appliances in India 2025: Modern Solutions for Every Home
FPCCI stresses need for setting up software technology parks in Karachi KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh has called for the establishment of a software technology park (STP) in Karachi to create an enabling environment for the export of IT and IT-enabled Services (ITeS). He said that this has been the city’s longstanding demand, which continues to face infrastructural challenges that hinder its potential in IT exports and its ability to attract large-scale investments into the industry. CEO of the Pakistan Software Export Board (PSEB) Abu Bakar recently visited the FPCCI Head Office in Karachi to discuss facilitating business, industrial and trade communities in investing in IT companies to boost the country’s exports. Sheikh reiterated the FPCCI’s stance that Pakistan must diversify and expand its export portfolio. He highlighted that the IT sector is uniquely positioned to deliver quick results due to its efficient turnaround time and its potential for exponential growth in exports. Senior Vice President of the FPCCI Saquib Fayyaz Magoon shared that the FPCCI and the Sindh Higher Education Commission (SHEC) have joined forces to organise a groundbreaking technology startup exhibition. This initiative aims to generate investments for viable startups and promote them on national and international platforms. He added that the event will have full support from the Pakistan Software Houses Association (P@SHA) and the PSEB. Magoon also highlighted the need for the FPCCI and the IT industry to consolidate their budget proposals and policy advocacy efforts. He urged for transformational policy reforms targeting the IT sector within a macroeconomic framework, particularly through the federal budget for 2025-26. A software technology park in Karachi is seen as a crucial step to unlock the city’s potential in the IT sector and bolster the country’s overall economic growth.Picture this: You are the groom, minutes away from your Haldi ceremony, and disaster strikes – you’ve forgotten your yellow kurta. Panic sets in, but then a solution emerges: Quick Commerce. This isn’t a hypothetical scenario. Just a few weeks ago, a groom in Bengaluru faced this situation. Thanks to lightning-fast delivery in under 10 minutes, his day was saved. The retail landscape in India is being reshaped by Quick Commerce (Q-Com). Changing consumer expectations, technological advancements, and a growing digitally empowered population are making quick commerce increasingly convenient. Products ranging from groceries to household essentials, electronics to clothing, are now delivered within 10-30 minutes, with even faster deliveries expected in the future. Revolutionising retail or Threatening Kirana tradition? Quick commerce is impacting traditional Kirana stores. The All India Consumer Products Distributors Federation reports that around 200,000 Kirana stores have shut down due to competition from quick commerce platforms, with metro cities seeing the most closures. Kirana stores are struggling to maintain their customer base and profitability amid deep discounts and aggressive pricing by quick commerce companies. A report by Chryseum showed sales growth of over 280% in two years, with Gross Merchandise Value (GMV) rising from US$500 million in FY22 to US$3.3 billion in FY24, representing a 73% annual growth rate. Projections suggest the market could reach US$9.95 billion by 2029. The rise of smartphones, internet penetration, and personalised in-app experiences blend well with the demand for instant gratification, fueling this growth. However, this wave didn’t happen overnight. The COVID-19 pandemic accelerated the adoption of online shopping, and quick commerce became the go-to solution for safe, rapid deliveries. Average order values have risen from Rs. 250 to Rs. 500, indicating that consumers are willing to pay more for convenience. Also, the entry of major players like Amazon into the quick commerce space depicts the potential of the industry and its appeal to investors. Major players of the Indian Q-Com Pie The quick commerce market in India is dynamic and highly competitive, with major players vying for market share. According to India Briefings reports, in Q2 of 2024-25, Zomato Blinkit leads the sector with a 46% share, followed by Zepto at 29% and Swiggy Instamart at 25%. Blinkit’s GMV in Q2 2024-25 exceeded Rs. 6,000 crores, with a 5% quarterly growth, while Swiggy Instamart saw a 425% increase in a single quarter. These companies are employing aggressive marketing, expanding product categories, optimising existing delivery infrastructure, and streamlining dark stores to capture more market share. This competition extends beyond the aforementioned players. Even traditional e-commerce giants like Flipkart and Amazon are entering the quick commerce space. Flipkart has launched its ‘Minutes’ service, testing 15-minute deliveries in Bengaluru, while Amazon is also experimenting with a 15-minute delivery model. Specialised e-tailers like Nykaa and Myntra, which have operated solely in the e-commerce segment, are now venturing into quick commerce services, increasing competition. Myntra, for example, plans to scale its micro-hub inventory from 10,000 to nearly 100,000 styles sourced from offline stores. Reshaping real estate with dark stores Dark stores, which serve online orders only, are essential to quick commerce. These stores, hidden from the public, are strategically located to enable rapid deliveries. Swiggy Instamart, Blinkit, and Zepto operate around 1,200 dark stores in key Indian cities. Rental prices for these stores range from Rs. 40 to Rs. 250 per square foot, depending on location. Quick commerce companies must optimise logistics to ensure fast, efficient delivery. Challenges and opportunities in the quick commerce landscape Despite its rapid growth, quick commerce faces several challenges. For instance, the cost of operations is high due to delivery expenses and dark store maintenance. However, businesses are overcoming these challenges by adjusting price dynamics, increasing order values, and diversifying product offerings, such as expanding into electronics and cosmetics. Competition is fierce, with companies needing to differentiate themselves through innovative products and superior service. However, the future looks bright for quick commerce in India. The market is projected to grow sixfold between FY24 and FY27, reaching $27 billion. Currently, quick commerce represents just 3% of the grocery market and only 1% of the overall retail market, indicating vast growth potential. There’s also an emerging opportunity to cater to India’s growing affluent consumer segment, as demonstrated by premium quick commerce platforms like FirstClub, which targets the top 10% of the population. Impact on consumer behaviour and the retail industry The rapid growth of quick commerce is driven by the increasing demand from a burgeoning urban population and shifting consumer preferences. Consumers are increasingly opting for faster and more convenient delivery options. This shift is influencing buying behaviours across different e-commerce segments. To compete, many Kirana stores have partnered with new-age companies or adopted their tactics. Quick commerce also benefits the gig economy, providing flexible employment opportunities through an extensive network of delivery partners. However, success in quick commerce relies not only on speed and convenience but also on data and analytics. Companies leverage big data on customer demographics, purchase patterns, and delivery times to optimize delivery networks, personalise recommendations, predict demand fluctuations, and fine-tune pricing. This data-driven approach helps companies stay ahead in the competitive landscape and continually improve customer experiences. The growth of quick commerce in India has been phenomenal, and despite the challenges, the sector is poised to become an integral part of the country’s retail ecosystem. As key players innovate and harness data-driven insights, quick commerce is set to reshape consumer shopping habits and brand engagement in the future.
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Coimbatore: In a significant step towards modernising public amenities and promoting hygiene , the city police, in association with Arthida Creations and Foundation and Enthutech, have unveiled an innovative smart washroom on the first floor of the city police commissionerate. This initiative aims at enhancing sanitation standards and streamlining restroom maintenance through advanced technology. The smart restroom features a unique 10-button interface to address common issues faced by users. Each button corresponds to specific concerns such as no water supply, damaged taps, foul odour, lack of dustbins and other maintenance needs. When a button is pressed, the system immediately notifies the maintenance team, ensuring swift problem resolution and continuous hygiene upkeep. The system could monitor air quality and send alerts via a mobile app if odour level exceeds acceptable limits. Equipped with water level sensors and a threshold-based automated pump system, the washroom ensures efficient water usage and energy conservation. It offers real-time updates on the washroom's operational status, enabling seamless maintenance. "We could save water, electricity and manpower by installing smart washrooms, while ensuring a hygienic and pleasant experience for users," said Neena Arthida, chairperson, Arthida Creations and Foundation. City police commissioner V Balakrishnan said it was high time to use advanced technology to conserve water and maintain a washroom with hygiene. "This is a pilot project. If successful, we will extend the project to other restrooms. Meanwhile, we have sent a proposal to appoint 15 sanitary workers on a temporary basis to the city police commissionerate to ensure a clean campus and hygienic washrooms." Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Sleep Tech Devices Market Size: Strong Growth Ahead (2024-2032)
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Saturday Night Live drew criticism for a Weekend Update segment that made light of the murder of UnitedHealthcare CEO Brian Thompson . Co-host Colin Jost joked about the killing, saying: "The manhunt continues for the assassin who gunned down the CEO of United Healthcare on Wednesday, and it really says something about America that a guy was murdered in cold blood and the two main reactions were, 'Yeah, well health care stinks!' And also, 'Girl, that shooter hot.'" Social media users condemned the segment as insensitive. New sighting of suspect in UHC Brian Thompson's murder Health insurance companies ramp up security after UnitedHealthcare CEO murder Thompson, 50, was married with two sons. "Disgusting. I couldn't watch this segment. The victim's family and friends are very much grieving right now," one YouTube commenter wrote. Michael Che added to the controversial commentary, referencing the suspect's image: " New York City police say that they were able to get the smiling picture of the suspect after the man apparently was caught on camera at a local hostel, flirting with a female employee, whose name has been reported as, 'Lucky S. Bechalive.'" Viewers expressed further outrage. "Long time viewer of SNL. I don't consider myself particularly [sensitive] to any topic, but in today's Weekend Update edition they made jokes about the United Health CEO gunned down in NYC. That was really distasteful and disrespectful," one user wrote. DON'T MISS: New photo unmasks UnitedHealthcare CEO Brian Thompson assassin [PICTURES] Inside UnitedHealthcare CEO Brian Thompson's marriage following his murder [SPOTLIGHT] Chilling message on bullets used to kill UnitedHealthcare CEO explained [INSIGHT] Jost also mocked NYPD's response to the crime, joking about the suspect's escape and the police's priorities during the Rockefeller Plaza Christmas tree lighting. On Saturday New York City mayor Eric Adams has declared "we're going to reveal who he is." The UnitedHealthcare tycoon was shot dead at point-blank range in midtown Manhattan on Wednesday by a masked gunman who has evaded capture ever since. Now Adams has revealed "the net is tightening" and suggested that NYPD detectives now know who the gunman is.
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At Gulf bitcoin gathering, Trump family and allies to bask in crypto industry's euphoria(The Center Square) – Paula Scanlan is hopeful the narrative around gender ideology is shifting, especially as Republicans prepare for majorities in both chambers of the 119th Congress and a seat in the White House. “I am hopeful that with the majorities now that we will be able to get across the finish line,” Scanlan told The Center Square on Thursday, speaking of more legislation on the way to protect women's spaces. “Obviously, this goes beyond sports ... So ideally, I think that the biggest thing would be to federally pass something that says this is what a woman is.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.