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A TOYOTA executive appears to have let slip the return of a classic sports car last sold in the US in 2025. The Japanese carmaker is set to bring back the Celica in 2027 after years of rumors. Yuki Nakajima, Toyota's Executive Vice President, appeared to accidentally confirm the return in an event in Japan over the weekend. Originally, the question of the Celica's return was posed to the former CEO Akio Toyoda by Japanese magazine Best Car. But when he gave a cagey answer and turned the question over to Nakajima, the executive was far more forthright. "We will make the Celica," he said, before admitting he may have overstepped. READ MORE ON DISCONTINUED CARS "I'm not sure if it's okay to say this in a public forum," he said. However, in truth, the Celica's return may be a case of the worst-kept secret in the auto industry. Toyota last sold a sports car under the Celica name in 2005. But last year, then-CEO Toyoda said he wanted to revive the brand. Most read in Motors That same year, Toyota's president Tsuneji Sato also expressed his desire to bring back the model. A further clue was provided by Toyota's in-house anime series Grip, released to promote the car giant. In the series, a whiteboard appears bearing the words "Celica Mk8," a possible reference to a follow-up to the seventh-generation Celica, the last one to be released in the US. Toyota has reportedly been ramping up efforts to revive some of its iconic nameplates and sports cars in recent years. In 2019, the Supra was brought back. According to Motor1, there are 20 cars that won't make it to the 2025 model year, including sedans, some SUVs, and sports cars. Cars that are on the chopping block for next year are: Alfa Romeo Giulia Quadrifoglio (sedan) Alfa Romeo Stelvio Quadrifoglio (SUV) Audi A4 (sedan) Audi A5 Coupe/Cabrio (2-door sedan) BMW X3M (SUV) Bugatti Chiron Chevrolet Camaro Chevrolet Malibu Fisker Ocean (EV) Ford Escape Jaguar F-Type Maserati Ghibli Mitsubishi Mirage Mini Clubman Nissan GT-R Nissan Titan Ram 1500 TRX Toyota Supra (4-cylinder) Volvo S60 Source: Motor1 Earlier this year, Toyota announced a comprehensive range of gas-powered four-cylinder engines, which will be part of many of their new models. That announcement came during a technical conference at which the company also announced a new partnership with fellow Japanese firms Mazda and Subaru. Chairman Toyoda has repeatedly called for the return of some of Toyota's sports cars in a number of interviews. The Celica was first launched in 1970, with its final model rolling off the assembly line in 2006, after seven generations. Read More on The US Sun Early versions were marketed as competitors to the Mustang, providing an affordable sports car. Reports say a prototype of the eighth-generation Celica could make an appearance as soon as next year at the 2025 Tokyo Auto Salon.
CLEVELAND, OH / ACCESSWIRE / December 6, 2024 / Mace Security International (OTCQB:MACE) (the "Company") announces the completion of the merger (the "Merger") contemplated by the Agreement and Plan of Merger (the "Merger Agreement") dated October 12, 2024 by and among W Electric Intermediate Holdings, LLC, a Delaware limited liability company ("Parent"), Mace Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), the Company and a representative of the Company's stockholders (the "Stockholders' Representative"). Charles A. Gaddis was appointed as the Stockholders' Representative at the Special Meeting of its stockholders held on December 3, 2024. Pursuant to the Merger Agreement, Merger Sub merged with and into the Company, effective December 6, 2024, with the Company being the surviving company. As a result of the Merger, the Company becomes a private company wholly owned by Parent and the shares of the Company will no longer be quoted on the OTC QB Market following the close of trading on December 6, 2024. Under the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), (i) each share of common stock of the Company issued and outstanding immediately prior to the Effective Time (other than the Excluded Shares (as defined in the Merger Agreement), and the Dissenting Shares (as defined in the Merger Agreement), if any) was cancelled and ceased to exist in exchange for the right to receive US $0.015777 in cash per share without interest and potential additional contingent consideration pursuant to the terms of the Merger Agreement (the "Per Share Consideration"). In accordance with the Merger Agreement, Equiniti Trust Company, LLC, as paying agent, has been engaged to distribute Letters of Transmittal to registered holders of Company shares. Registered holders of Company shares will be required to submit a duly completed Letter of Transmittal and the share certificate(s) and/or direct registration system advice(s) representing their Company shares to Equiniti Trust Company, LLC in order to receive the Per Share Consideration under the Merger Agreement. If you have any questions or require further information about the procedures to complete your Letter of Transmittal, please contact Equiniti Trust Company, LLC at 718-921-8317 or toll-free (within North America) at 877-248-6417 for further information. Shareholders whose Company shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the Per Share Consideration. About Mace Security International, Inc. Mace® Security International, Inc. (MACE) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the Company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand - the original trusted brand of defense spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, KUROS!® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun guns. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com , Mace.com , and other channels. For more information, visit www.mace.com . Forward-Looking Statements Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projected," "intend to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to several known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance, or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, (a) general economic and business conditions, including the impact of the COVID-19 pandemic and other possible pandemics and similar outbreaks; (b) competition; (c) potential changes in customer spending; (d) acceptance of our product offerings and designs; (e) the variability of consumer spending resulting from changes in domestic economic activity; (f) a highly promotional retail environment; (g) any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates, as well as other significant accounting estimates made in the preparation of our financial statements; (h) the impact of current and potential hostilities in various parts of the world, including but not limited to the war which resulted from Russia's invasion of Ukraine, as well as other geopolitical or public health concerns; (i) the impact of international supply chain disruptions and delays; (j) the impact on the Company of changes in U.S. Federal and State income tax regulations; (k) the impact of inflation and the ability of the Company to pass on rising prices to its customers and (l) the ability of the Company to close the Agreement and Plan of Merger dated October 12, 2024. You are urged to consider all such factors. Because of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Mace Security International, Inc. assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. Contact: Investor Relations InvestorRelations@mace.com SOURCE: Mace Security International, Inc. View the original on accesswire.comIndustrial Shredders Market Size and Forecast PUNE, India , Nov. 26, 2024 /PRNewswire/ -- Industrial Shredders Market Overview The global industrial shredders market has exhibited consistent growth, driven by the increasing demand across diverse industrial applications. Valued at USD 1154.9 million in 2022, the market's steady expansion is attributed to the rising need for efficient waste management solutions, especially in sectors like construction, manufacturing, and recycling. Industrial shredders play a crucial role in processing large volumes of materials, reducing waste, and enabling material reuse, which aligns with the growing emphasis on sustainability and environmental conservation. Additionally, technological advancements in shredder designs, such as improved energy efficiency and enhanced automation features, are contributing to the market's growth trajectory. Market Size and Forecast According to the report by Credence Research " Industrial Shredders Market By Number of Shafts (Single Shaft Shredder, Two Shaft Shredder, Three Shaft Shredder, Four Shaft Shredder) By Position of Shafts (Horizontal Shaft Shredder, Vertical Shaft Shredder) By Application (Municipal Solid Waste Recycling (MSW), Wood Waste Recycling, Waste Electronic and Electronic Equipment Recycling (WEE), Paper Reject Recycling, Others (Plastic, Metal, etc.))-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 " the industrial shredders market is projected to reach USD 1635.9 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.10% between 2023 and 2030. This robust growth is underpinned by expanding industrial activities in emerging economies and stricter regulations promoting sustainable waste management practices. Moreover, the adoption of shredders in innovative applications, such as data destruction and e-waste recycling, is anticipated to fuel demand further. The market's evolution is also supported by increased investments in smart shredding solutions, offering improved operational efficiency and customization for various industries. Dive deeper into market insights, growth drivers, and key trends by browsing the comprehensive report. Click here to access the full report- https://www.credenceresearch.com/report/industrial-shredders-market Industrial Shredders Market Drivers Rising Demand for Efficient Waste Management Solutions The growing emphasis on sustainability and environmental conservation is a significant driver of the industrial shredders market. Industries such as manufacturing, construction, and recycling are increasingly adopting shredding technologies to manage waste efficiently and promote material reuse. For example, the global waste management industry generates approximately 2.01 billion tons of municipal solid waste annually, with at least 33% not managed in an environmentally safe manner. Regulatory mandates worldwide, aimed at reducing landfill usage and enhancing recycling rates, are pushing industries to invest in advanced shredding solutions. Countries like Germany and South Korea have achieved recycling rates of 47% and 54%, respectively, showcasing the effectiveness of stringent regulations. Additionally, shredders' ability to process diverse materials, including metal, plastic, and paper, positions them as vital tools in achieving zero-waste goals across multiple sectors. This versatility is crucial as industries strive to meet stringent environmental regulations and enhance their sustainability efforts. For instance, shredding one ton of paper can save 17 trees and significantly reduce greenhouse gas emissions. Technological Advancements and Automation Integration The integration of advanced technologies in shredding equipment is further propelling market growth. High-torque motors with over 90% efficiency are replacing traditional hydraulic systems, significantly improving energy management and reducing thermal waste. Smart sensors equipped with IO-Link connectivity and dynamic resolution of ±5.5 micrometers enable real-time monitoring and precise material handling, while arrays of up to 50 metal-cased sensors provide continuous detection across conveyor systems. Innovations such as AI-integrated systems and IoT technologies are enhancing operational efficiency and reducing downtime. These advancements not only lower operational costs but also provide precise material handling capabilities, making industrial shredders more versatile and reliable. The implementation of smart automation allows for precise control optimization, while advanced material sorting technologies, including metal detection and separation systems, improve recycling efficiency. Moreover, the rise of Industry 4.0 has driven demand for connected shredding systems that enable remote monitoring and predictive maintenance, with features like cloud-ready sensors providing real-time data monitoring and high-speed sensor-based decision-making capabilities, ensuring seamless operations in high-demand industries. Increasing Adoption in Emerging Economies Emerging economies are experiencing rapid industrialization, which is driving the adoption of industrial shredders. India's urban population is expected to nearly double to 814 million by 2050, generating approximately 0.7 kg of waste per person daily by 2025, which is 4-6 times higher than in 1999. Growing construction activities, expanding manufacturing sectors, and rising urbanization contribute to increased waste generation, necessitating effective waste management solutions. Government initiatives in countries like India and China , aimed at improving recycling infrastructure and reducing environmental pollution, are further bolstering demand. In India , only 43 million tons of the 62 million tons of waste generated annually is collected, highlighting the urgent need for efficient waste management solutions. The implementation of initiatives like the Clean India Mission and stringent environmental regulations has spurred the growth of domestic recycling industries. Additionally, the affordability of shredding solutions, coupled with their long-term cost-saving benefits, makes them an attractive investment for industries in these regions, with companies investing in R&D achieving up to 25% higher efficiency. Expanding Applications in Specialized Industries The industrial shredders market is witnessing increased adoption in niche applications, such as data destruction and e-waste recycling. The growing need for secure disposal of sensitive information, evidenced by a 68% surge in reported data breaches with 1,862 incidents in 2022, is driving demand in these segments. The rising volume of discarded electronic devices, which reached 62 million tonnes in 2022 and is projected to increase to 82 million tonnes by 2030, has created urgent demand for efficient recycling solutions. Shredders equipped with specialized blades and features to handle unique materials are catering to the evolving needs of these industries, processing approximately 31 billion kg of metals and 17 billion kg of plastics from e-waste annually. Furthermore, the increasing global focus on circular economy principles is encouraging businesses to adopt shredding technologies to maximize resource recovery and minimize waste, particularly as current formal recycling rates remain low at 22.3% globally, leaving USD 62 billion worth of recoverable resources unaccounted for. Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today – https://www.credenceresearch.com/report/industrial-shredders-market Industrial Shredders Market Restraints High Initial Costs and Maintenance Expenses One of the primary challenges facing the industrial shredders market is the high upfront cost of purchasing and installing shredding equipment. Advanced shredders, equipped with modern technologies like automation and energy-efficient features, often require significant capital investment, which can be a deterrent for small- and medium-sized enterprises (SMEs). Additionally, ongoing maintenance and repair expenses, including the replacement of wear-and-tear components such as blades and motors, can further increase operational costs. These financial considerations may hinder widespread adoption, especially in cost-sensitive industries and emerging economies. Limited Awareness and Skilled Workforce Challenges The market also faces constraints due to limited awareness about the benefits of industrial shredders in certain regions, particularly in underdeveloped economies. Many industries in these areas continue to rely on traditional waste management practices, lacking the knowledge or resources to adopt shredding technologies. Moreover, the operation of industrial shredders often requires skilled personnel to ensure optimal performance and safety. A shortage of trained operators and technicians can pose significant challenges to businesses, leading to inefficient use of shredding equipment and potential operational risks. Regulatory and Environmental Compliance Issues While regulations promoting waste recycling and sustainability are driving market growth, they can also pose challenges for manufacturers of shredding equipment. Compliance with stringent environmental and safety standards often requires continuous innovation and product development, increasing production costs for manufacturers. Furthermore, improper disposal of shredded waste, particularly hazardous materials, can lead to legal complications for end-users. These factors may deter some industries from adopting shredding technologies or limit their usage to specific applications. Raw Material Price Volatility and Supply Chain Disruptions The cost and availability of raw materials required for manufacturing shredding equipment, such as steel and electronic components, can significantly impact the market. Price volatility and supply chain disruptions, often caused by geopolitical tensions or economic instability, can increase production costs and delay deliveries. These issues not only affect manufacturers but also lead to higher prices for end-users, potentially limiting market growth in regions with constrained budgets or uncertain economic conditions. Industrial Shredders Market Segmentation Analysis By Number of Shafts The market is segmented based on the number of shafts into single, two, three, and four shaft shredders. Single shaft shredders are primarily used for applications requiring precise shredding with minimal dust production, while two shaft shredders are widely adopted for heavy-duty tasks like metal and electronic waste recycling due to their higher torque and efficiency. Three and four shaft shredders, offering superior control over particle size and enhanced durability, are preferred in industries handling mixed and bulky materials, such as municipal solid waste and industrial recycling. By Position of Shafts Industrial shredders are classified into horizontal and vertical shaft shredders based on the shaft position. Horizontal shaft shredders dominate the market due to their versatility in handling diverse materials like wood, metal, and plastic. They are widely utilized in high-volume applications such as municipal solid waste recycling. Vertical shaft shredders, while less common, are gaining traction in niche applications requiring fine particle shredding, especially in industries dealing with compact or lightweight materials. By Application The application segmentation includes municipal solid waste recycling (MSW), wood waste recycling, waste electronic and electronic equipment recycling (WEEE), paper reject recycling, and others. The MSW segment holds the largest share due to increasing urbanization and stringent regulations promoting sustainable waste management. WEEE recycling is rapidly growing as the volume of discarded electronic devices increases globally, while wood waste and paper reject recycling are driven by the need for resource recovery in construction and packaging industries. Other applications, including plastic and metal shredding, cater to diverse industrial needs. By Price Based on price, industrial shredders are categorized into low, medium, and high-cost segments. Low-cost shredders are popular among small-scale industries for basic applications, whereas medium-priced shredders cater to mid-sized businesses requiring enhanced efficiency and durability. High-cost shredders, featuring advanced automation and customization options, are preferred by large industries and specialized recycling units dealing with complex materials. By Distribution Channel The distribution channel segmentation includes direct and indirect sales. Direct sales dominate the market, as manufacturers often establish direct relationships with end-users to offer customized solutions and technical support. Indirect channels, including distributors and resellers, cater to smaller businesses and emerging markets, providing access to shredding equipment in regions where direct sales networks are less established. This dual-channel strategy ensures a broader market reach and enhanced customer support. Segmentation of Global Industrial Shredders Market- Segmentation By Number of Shafts Single Shaft Shredder Two Shaft Shredder Three Shaft Shredder Four Shaft Shredder By Position of Shafts Horizontal Shaft Shredder Vertical Shaft Shredder By Application Municipal Solid Waste Recycling (MSW) Wood Waste Recycling Waste Electronic and Electronic Equipment Recycling (WEE) Paper Reject Recycling Others (Plastic, Metal, etc.) By Price Low Medium High By Distribution Channel Direct Indirect By Region North America U.S Canada Mexico Europe Germany France U.K. Italy Spain Rest of Europe Asia Pacific China Japan India South Korea South-east Asia Rest of Asia Pacific Latin America Brazil Argentina Rest of Latin America Middle East & Africa GCC Countries South Africa Rest of Middle East and Africa Tailor the report to align with your specific business needs and gain targeted insights. Request customization now- https://www.credenceresearch.com/report/data-centre-market https://www.credenceresearch.com/report/industrial-shredders-market Regional Analysis North America North America holds a significant share of the industrial shredders market, driven by stringent environmental regulations and advanced recycling infrastructure. The United States leads the region, with high adoption rates in municipal solid waste recycling and electronic waste management. Increasing investments in sustainable waste management practices and innovations in shredding technologies, such as smart shredders and automation integration, further boost market growth. Canada also contributes significantly, with its growing emphasis on resource recovery and the circular economy. Europe Europe is a key market for industrial shredders, supported by strict regulatory frameworks like the European Green Deal and the Waste Framework Directive. Countries such as Germany , the UK, and France are leading adopters of shredding technologies for municipal waste, electronic waste, and industrial recycling. The region's focus on reducing landfill dependency and achieving higher recycling targets is driving demand for advanced shredding solutions. Additionally, the presence of established manufacturers and ongoing technological advancements contribute to market expansion in this region. Asia-Pacific The Asia-Pacific region is witnessing rapid growth in the industrial shredders market, fueled by industrialization, urbanization, and increasing waste generation in countries like China , India , and Japan . Rising government initiatives to improve waste management infrastructure and promote recycling are key growth drivers. China leads the market with large-scale adoption of shredding equipment in municipal waste management and e-waste recycling. India is emerging as a significant market, supported by government campaigns for clean cities and efficient waste handling systems. Middle East & Africa The industrial shredders market in the Middle East & Africa is growing steadily, with demand primarily driven by urbanization and industrial expansion in countries like Saudi Arabia , the UAE, and South Africa . Recycling initiatives and the need for effective waste management solutions in urban centers are promoting the adoption of shredders. However, challenges such as limited infrastructure and lack of awareness in underdeveloped areas restrain growth. Investments in recycling technologies and collaborations with global players are expected to drive future growth in this region. Top Companies – Advance Hydrau-Tech Pvt. Ltd. ANDRITZ AG BCA Industries Brentwood Recycling Systems ECO Green Equipment, LLC. EcoStan India Private Limited. Hammermills International Metso Corporation MOCO Maschinen- und Apparatebau GmbH & Co. KG Rapid Granulator Inc. Servo International SSI Shredding Systems, Inc. UNTHA Shredding Technology GmbH Vecoplan AG WEIMA Maschinenbau GmbH Competitive Landscape: The industrial shredders market is characterized by the presence of several global and regional players competing to enhance their market share through technological advancements, strategic partnerships, and product innovations. Key players in the market focus on offering a diverse range of shredders tailored to specific industrial applications such as municipal solid waste management, e-waste recycling, and construction waste processing. Global Leaders Leading companies like Vecoplan LLC, SSI Shredding Systems, Inc., and UNTHA shredding technology GmbH dominate the market with their extensive product portfolios and established brand presence. These companies leverage advanced technologies such as automation, IoT-enabled shredders, and energy-efficient designs to cater to evolving customer demands. Their global distribution networks and strong after-sales support provide a competitive edge, particularly in mature markets like North America and Europe . Regional and Emerging Players Regional players, such as ARJES GmbH in Europe and China's Harden Machinery Ltd., focus on cost-effective solutions to cater to local industries. These companies often excel in meeting specific regional requirements, such as compliance with local regulations and customization for niche applications. Emerging players in Asia-Pacific and Latin America are increasingly entering the market, driven by growing industrialization and demand for efficient waste management solutions. Competitive pricing and collaborations with local governments and industries help these players establish a foothold in the market. Strategic Initiatives Market participants are actively engaging in mergers and acquisitions to expand their geographic presence and enhance their technological capabilities. For instance, collaborations with recycling firms and partnerships with governments to develop sustainable waste management solutions are common strategies. Additionally, investments in research and development to introduce innovative products, such as shredders with enhanced automation and AI-driven efficiency, highlight the competitive intensity in the market. Latest Developments: In October 2024 Ecostan has developed a Dual Shaft Shredder, which is a heavy-duty machine designed for shredding a variety of materials efficiently. It features multiple shredding blades and a program control panel, ensuring automatic operation and including functions like auto-reverse to prevent overfeeding. This development focuses on enhancing the performance and usability of their industrial shredders. In August 2023 Advance Hydrau Tech Pvt. Ltd. announced the launch of its highly anticipated new product catalogue, showcasing the latest products in the scrap processing industry, including industrial shredders. In Nov 2023 ANDRITZ has received an order from Krones AG to supply six ADuro S shredders for a polypropylene recycling plant in the Southeast United States . These shredders will be operational in 2024 and provide a dry shredding solution that minimizes fines and extends wear part life. In Nov 2023 BCA Industries announced the PD1000 IO X tire shredder, designed to enhance productivity by overcoming bottlenecks in loading and unloading materials before and after shredding. This system allows for efficient use of open-top walking floor semi-trailers, which are common in the recycling industry. Reasons to Purchase this Report: Reasons to Purchase this Report: Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion). Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region. Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years. Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning. 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The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. Contact Us Mitul Dean Tower C-1105 , S 25, Akash Tower, Vishal Nahar , Pimple Nilakh, Haveli, Pune – 411027, India sales@credenceresearch.com www.credenceresearch.com Logo: https://mma.prnewswire.com/media/2562161/Credence_Research_Logo.jpg View original content to download multimedia: https://www.prnewswire.com/news-releases/industrial-shredders-market-set-to-reach-usd-1635-9-million-by-2030--driven-by-expanding-applications-and-sustainability-initiatives--credence-research-inc-302316795.html SOURCE Credence Research Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Imran Khan asks PTI supporters to 'fight until last ball is bowled' "We will not back down until our demands are met,” says jailed PTI founder amid ongoing protest Incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has asked the party workers and supporters to continue protest in Islamabad against his "illegal" incarceration, urging them to “fight until the last ball is bowled”. "I commend the Pakistani nation and PTI's political workers, who are fighting for their rights by participating in this peaceful protest, and resolutely standing before the mafia that has imposed itself upon our country, to demand their rights and genuine freedom," the jailed former prime minister said in a message posted on his official X handle. “My message for my team is to fight until the last ball is bowled. We will not back down until our demands are met!,” he added. Amid the government’s claims that the "PTI miscreants" were responsible for the deaths of security personnel, Imran said his party workers remained peaceful while marching on Islamabad. “My thanks go to overseas Pakistanis around the globe, who are not only mobilising Pakistanis and contributing funds, but also holding historic protests in their respective countries,” he said. It is pertinent to mention here that the PTI has staged protests in major cities of the world, including London and outside American President-elect Donald Trump’s residence at Mar-a-Lago in Palm Beach, Florida. Moreover, the PTI founder hailed his party’s “social media warriors around the globe”, asking them to continue to vigorously reiterate the demands that include the release of party leaders including himself from jail, revocation of 26th Amendment and the return of stolen mandate in the February 8 general elections. “Those who haven't yet joined the protest must also head to D-Chowk. All Pakistanis participating in the protest must remain peaceful, stay united, and stand firm until our demands are met. Remember, this is a struggle for Pakistan's survival and true freedom,” he concluded. Thousands of PTI protesters marched to Islamabad this week, defying all the obstacles and clashing with police, in response to incarcerated former prime minister’s call for a "do-or-die" protest. Authorities have enforced a security lockdown to block the protesters while highways into the city were barricaded. Meanwhile, the law enforcement agencies (LEAs) have pushed back the marching protesters from Islamabad's D-Chowk — the venue of the party’s much-touted power show. Geo News correspondent, who is present at the spot, reported that PTI protesters began retreating from the site following the heavy teargas shelling and action by the authorities. The Imran Khan-founded party, in recent months, has marched on the federal capital on multiple occasions which has seen its workers clashing with the law enforcement agencies (LEAs). Pakistan, Belarus sign 15 agreements, reaffirm deepening bilateral cooperation Death toll in Kurram clashes climbs to 99 as violence escalates Naqvi says PTI's 'secret leadership root cause of chaos' Security forces foil infiltration bid on Pak-Afghan border, eliminates three terrorists
NEW YORK (AP) — Juan Soto appears on a timetable to decide on where to sign either before or during baseball's winter meetings in Dallas, which run from Dec. 8-12. Soto met with the New York Yankees, New York Mets, Los Angeles Dodgers, Boston Red Sox and Toronto Blue Jays, a person familiar with the negotiations said last week, speaking to The Associated Press on condition of anonymity because details were not announced. Soto's agent, Scott Boras, asked teams to submit initial offers by Thanksgiving, a second person familiar with the talks said, also on condition of anonymity because it was not announced. Soto is the top player available among this year's free agents . A four-time All-Star, Soto finished third in AL MVP voting after hitting .288 with 41 homers, 109 RBIs and 129 walks. He has a .285 career average with 201 homers, 592 RBIs and 769 walks over seven major league seasons. Soto turned down a $440 million, 15-year offer from Washington in 2022, prompting the Nationals to trade him to San Diego, which then dealt him to the Yankees last December. Soto then combined with Aaron Judge to lead New York to the World Series, where the Yankees lost to the Dodgers . In his pitch to teams, Boras highlighted that Soto joined Mickey Mantle as the only players with seven RBIs in a World Series at age 21 or younger when he was with Washington, and at 20 became the youngest player with five postseason homers. Soto's .906 postseason OPS through age 25 topped Mantle (.900) and Derek Jeter (.852). Soto is likely to seek a record contract, topping Shohei Ohtani's $700 million, 10-year agreement with the Los Angeles Dodgers last December. That might not mean Soto gets more than $700 million, though. Because Ohtani's deal included $680 million in deferred money payable through 2043, it can be valued by different methods. For instance, Ohtani's contract is valued at $46.1 million per season ($461 million total) under MLB's luxury tax system, which used a 4.43% discount rate. The players' association uses a 5% rate, which puts Ohtani's contract at $43.8 million per year. For MLB's regular payroll calculations, a 10% discount rates values Ohtani's deal at just $28.2 million. Which means if Soto gets even $462 million without deferred payments, there's an argument that his deal is the most valuable in MLB history. By average annual value, pitchers Max Scherzer and Justin Verlander are tied for second in baseball history at $43.33 million as part of contracts they signed with the New York Mets, deals that expired at the end of the 2024 season. In terms of total value, Ohtani surpassed outfielder Mike Trout’s $426.5 million, 12-year contract with the Los Angeles Angels through 2030. MLB’s longest contract is outfielder Fernando Tatis Jr.’s 14-year deal with the San Diego Padres through 2034. The Mets, Yankees, Dodgers and Philadelphia Phillies all are likely to enter 2025 having paid luxury tax for three straight years, putting them at the highest rate: a 50% surcharge on payroll between $241 million and $261 million, 62% from $261 million to $281 million, 95% from $281 million to $301 million and 110% for each dollar above $301 million. Toronto may have dropped below the initial tax threshold this year, pending final figures next month. If the Blue Jays did fall under, their rates next year would reset to 20%, 32%, 62.5% and 80% for the four thresholds. If Soto reaches or announces an agreement at the winter meetings in Dallas' Hilton Anatole, it would be a familiar location for a big Boras deal. Alex Rodriguez's record $252 million, 10-year contract with the Texas Rangers was announced in December 2000 at what then was called the Wyndham Anatole Hotel. A-Rod's deal more than doubled MLB's previous high, a $121 million, eight-year contract between pitcher Mike Hampton and Colorado that was announced just two days earlier. “In two days, we’ve doubled a new highest salary,′′ said Sandy Alderson, then an executive vice president in the commissioner’s office. ”I don’t like the exponentiality of that." Rodriguez was 25 at the time of the agreement with Texas, a free agent before entering his likely prime, like Soto. Third baseman Alex Bregman, first basemen Pete Alonso and Christian Walker, and outfielders Anthony Santander and Teoscar Hernández are among the significant bats available to pursue and likely would interest some of the teams who fail to sign Soto. Bregman and Alonso, like Soto, are represented by Boras. AP MLB: https://apnews.com/hub/MLB Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
From earbuds to e-books: the best tech gifts for holidays 2024
PharmEasy’s revenue from operations fell 14.75% to INR 5,664.2 Cr in FY24 from INR 6,643.9 Cr in FY23 The epharmacy charted somewhat of a turnaround in FY24 as its outgo due to exceptional items declined 65% to INR 1,026.9 Cr in FY24 from INR 2,921.9 Cr in FY23 PharmEasy's total expenditure declined 19.16% to INR 7,254.8 Cr in FY24 from INR 8,974 Cr in FY23 Digital pharmacy PharmEasy saw its consolidated net loss halve to INR 2,531.1 Cr in the financial year 2023-24 (FY24) on the back of a decline in its expenses and exceptional items. The company’s net loss declined 51.35% from INR 5,202.5 Cr in FY23. However, it also saw a decrease in its operating revenue. PharmEasy’s revenue from operations fell 14.75% to INR 5,664.2 Cr in FY24 from INR 6,643.9 Cr in FY23. The company primarily generated revenue from its medicine marketplace, which contributed INR 5,007.7 Cr to its total top line in FY24. On the other hand, it earned INR 652.3 Cr in revenue from sale of services, which comprised diagnostic services, teleconsulting and licensing of its software and other offerings. Founded in 2015 by Dharmil Sheth, Dhaval Shah, Harsh Parekh, Siddharth Shah, and Hardik Dedhia, PharmEasy sells medicines through its flagship online platform and offers diagnostic services through its subsidiaries. Having faced a funding crunch for the majority of the past two years, the epharmacy charted somewhat of a turnaround in FY24 as its outgo due to exceptional items declined 65% to INR 1,026.9 Cr in FY24 from INR 2,921.9 Cr in FY23. Under the exceptional items head, the company’s goodwill impairment fell nearly 80% to INR 582.5 Cr in FY24 from INR 2,825.6 Cr in FY23. However, the fiscal under review saw an additional expenditure in the mix as PharmEasy incurred “early redemption charges” for non-convertible debentures (NCD) worth INR 342.5 Cr, which were nil last fiscal. The reduction in loss comes as good news for PharmEasy, which has been marred by significant financial and operational struggles in the recent past. The company’s valuation plummeted by 90% during its INR 1,804 Cr fundraise in April this year compared to its peak $5.6 Bn valuation in October 2021. It was also the worst-performing Indian investment in Prosus’ portfolio during H1 FY24, registering an internal rate of return (IRR) of -41%. Furthermore, PharmEasy also grabbed negative headlines for undertaking mass layoffs and a major restructuring exercise in the past one year. PharmEasy’s total expenditure declined 19.16% to INR 7,254.8 Cr. in FY24 from INR 8,974 Cr in FY23. Here is a breakdown of the startup’s biggest cost centres: Purchase Of Stock-In-Trade : Expenses under this bucket decreased 17.04% to INR 4,572.8 Cr in FY24 from INR 5,512 Cr in FY23. Employee Benefit Expenses : The company spent INR 699.3 Cr on employee-related benefits in FY24, down 45.51% from INR 1,283.3 Cr in the previous year. Finance Costs : Expenses under this head increased 9.38% to INR 727.9 Cr in the fiscal under review from INR 665.5 Cr in the financial year ended March 2023. Expected Credit Loss On Financial Assets: The healthtech major’s expected credit loss on financial assets increased 147.3% to INR 169.2 Cr in FY24 from INR 68.3 Cr in FY23. Contractual Payments For Delivery Executives : Costs under this bucket declined 27% to INR 78.6 Cr during the year under review from INR 108.7 Cr in FY23. Legal Expenses : The company spent nearly INR 60 Cr towards legal and professional fees in FY24, down 46% from INR 112 Cr in the previous fiscal. Sales Promotion & Marketing Expenses: PharmEasy trimmed its marketing expenditure by nearly 90% to INR 24.4 Cr in FY24 from INR 235 Cr in FY23. Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Edwards Lifesciences Corporation (NYSE: EW). Shareholders who purchased shares of EW during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/edwards-lifesciences-loss-submission-form/?id=113425&from=3 CLASS PERIOD: February 6, 2024 to July 24, 2024 ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Edwards’ expected revenue for the fiscal year 2024, particularly as it related to the growth of the Company’s core product, Transcatheter Aortic Valve Replacement (“TAVR”). Defendants’ statements included, among other things, strong commitment to the TAVR platform, confidence in the Company’s ability to capitalize on a subset of untreated patients through scaling of its various patient activation activities, and continued claims of significant demand in allegedly lower-penetrated markets. On July 24, 2024, Edwards unveiled below-expectation financial results for the second quarter of fiscal 2024 and, in particular, slashed its revenue guidance for the TAVR platform for the full fiscal year 2024. The Company attributed the TAVR setback on the “continued growth and expansion of structural heart therapies ... [which] put pressure on hospital workflows.” Investors understood this to mean that developments in new procedures, including defendant’s own Transcatheter Mitral and Tricuspid Therapies (“TMTT”), put significant strain on hospital structural heart teams such that they were underutilizing TAVR, despite the Company’s continued claim of a significantly undertreated patient population. Moreover, the Company announced three acquisitions during the second quarter designed to embolden their treatments alternative to TAVR, suggesting further that the company was aware of the potential for the TAVR platform’s decelerated growth. Investors and analysts reacted immediately to Edwards’ revelations. The price of Edwards’ common stock declined dramatically. From a closing market price of $86.95 per share on July 24, 2024, Edwards’ stock price fell to $59.70 per share on July 25, 2024, a decline of about 31.34% in the span of just a single day. DEADLINE: December 13, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/edwards-lifesciences-loss-submission-form/?id=113425&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of EW during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is December 13, 2024. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903