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Despite an increase in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) declined nearly 62%, clocking in at a mere Rs257.74 million in the quarter ended September 30 of fiscal year 2024-25 compared to PAT of Rs675.34 million recorded in the same period of the previous year. As per HCAR’s financial statements made available at the Pakistan Stock Exchange (PSX) on Friday, the automobile company’s earnings per share (EPS) stood at Rs1.80 during the quarter, compared to an EPS of Rs4.73 last year. The decline in profit can be attributed to an increase in the cost of sales. During the quarter, HCAR’s sales clocked in at Rs16.59 billion, compared to Rs13.96 billion in SPLY, an increase of 19%. However, despite higher sales, the company’s gross profit decreased by 20%, clocking in at Rs1.22 billion in 1QFY25 as compared to a gross profit of Rs1.53 billion in SPLY. The decline in profit comes amid a 24% increase in cost of sales, which stood at Rs15.34 billion during 1QFY25. Consequently, HCAR’s gross margins lowered to 7.35% in 1QFY25, compared to 10.94% in same period last year. As per the latest Pakistan Automotive Manufacturers Association (PAMA) data, HCAR sold nearly 5,000 passenger cars and LCVs during the first four months of the ongoing fiscal year, an increase of 64% year-on-year.Chicago Divorce Lawyer Russell D. Knight Discusses the Impact of New Spouse's Income on Illinois Divorce Agreements 11-21-2024 10:34 PM CET | Politics, Law & Society Press release from: ABNewswire Chicago divorce lawyer Russell D. Knight ( https://rdklegal.com/a-new-spouses-income-after-an-illinois-divorce/ ) from the Law Office of Russell D. Knight sheds light on the complex issue of how a new spouse's income affects existing divorce arrangements in Illinois. In a recent article, Knight discusses various scenarios where remarriage can alter maintenance and child support agreements, helping former spouses and parents understand the intricate aspects of Illinois family law in these situations. For divorced parents in Illinois, a new marriage often raises questions about child support adjustments. Russell D. Knight emphasizes that while Illinois courts primarily use both biological parents' income to determine support, they may sometimes consider a new spouse's contributions to shared expenses. "While the traditional rule has excluded a new spouse's income, recent trends show courts may now take it into account if it relieves the financial burden on the paying parent," the Chicago divorce lawyer explains, pointing to case precedents that illustrate this evolving approach in Illinois law. Child support obligations, often recalculated based on substantial changes in the parent's financial circumstances, may or may not include new spouse income. Illinois law typically views the new spouse's finances as irrelevant to direct child support calculations. However, exceptions may apply when the new spouse significantly contributes to household expenses. Chicago divorce lawyer Russell D. Knight clarifies, "If a new spouse's contributions reduce the biological parent's living costs, courts might see this as increased availability of income, indirectly impacting child support decisions." Beyond child support, Knight also explores maintenance adjustments post-remarriage. The Illinois Marriage and Dissolution of Marriage Act automatically terminates maintenance payments if the maintenance-receiving spouse remarries. The legal logic here is that a new marital relationship introduces a fresh support structure, making continued support from a former spouse unnecessary. For the paying spouse, remarriage generally does not alter their original maintenance obligations, as Illinois law prioritizes support for the first family regardless of new financial responsibilities. With new families and potentially new children, child support modifications for the paying parent are another area where Illinois law permits changes. Knight explains that when additional children are born to a divorced parent, courts often view this as a "substantial change of circumstance," allowing for recalculations that may adjust support obligations for prior children. Illinois law balances the needs of all dependents, often adjusting support to account for both previous and new familial obligations. Courts may also consider a new spouse's financial resources when determining contributions to a child's higher education costs. Illinois statutes allow judges to evaluate all available parental resources, including those accessible through a new spouse. Knight references key cases where courts recognized that pooling finances in remarriage can be relevant, especially in complex college funding decisions. "Illinois law acknowledges the blended financial dynamics of remarriage, particularly as they pertain to shared educational expenses," Knight notes. Russell D. Knight's article provides practical insights for individuals managing the legal and financial responsibilities of remarriage after divorce. The analysis gives both divorced and remarried individuals a clearer understanding of when and how a new spouse's income could factor into support determinations, helping families prepare for potential legal changes as circumstances evolve. For those seeking clarity on post-divorce financial obligations in Illinois, Knight's thorough examination underscores the nuances of family law when it comes to remarriage. This detailed exploration offers guidance to help ensure individuals are well-informed about how Illinois courts may interpret remarriage and family support. About the Law Office of Russell D. Knight: The Law Office of Russell D. Knight, based in Chicago, Illinois, can provide comprehensive legal support in family law. Led by Chicago divorce lawyer Russell D. Knight, the firm can assist clients with divorce proceedings, child custody, and financial support matters. Knight is committed to delivering personalized service, aiming to protect clients' rights and support their long-term interests. Embeds: Youtube Video: https://www.youtube.com/watch?v=IUSD2ZNem-o GMB: https://www.google.com/maps?cid=13056420905624162796 Email and website Email: russell@rdklegal.com Website: https://rdklegal.com/ Media Contact Company Name: Law Office of Russell D. Knight Contact Person: Russell D. Knight Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=chicago-divorce-lawyer-russell-d-knight-discusses-the-impact-of-new-spouses-income-on-illinois-divorce-agreements ] Phone: (773) 334-6311 Address:1165 N Clark St #700 City: Chicago State: Illinois 60610 Country: United States Website: https://rdklegal.com/ This release was published on openPR.Tweet Facebook Mail US President-elect Donald Trump and the head of NATO have met for talks on global security, the military alliance said on Saturday. In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida. "They discussed the range of global security issues facing the Alliance," the statement said without giving details. READ MORE: Shots fired after police car allegedly rammed outside Melbourne shop US President-elect Donald Trump speaking with Dutch Prime Minister Mark Rutte in 2019. (AP Photo/Alex Brandon,) It appeared to be Rutte's first meeting with Trump since his November 5 election. Rutte had previously congratulated Trump and said "his leadership will again be key to keeping our Alliance strong" and that he looked forward to working with him. Trump has for years expressed skepticism about the Western alliance and complained about the defense spending of many of its member nations, which he regarded as too low. READ MORE: Fears of underworld retaliation after deadly Surry Hills shooting Trump picks hedge fund billionaire as treasury secretary View Gallery He depicted NATO allies as leeches on the US military and openly questioned the value of the alliance that has defined American foreign policy for decades. He threatened not to defend NATO members that fail to meet defense-spending goals. Rutte and his team also met Trump's pick as national security adviser, US Rep. Michael Waltz, and other members of the president-elect's national security team, the NATO statement said. Rutte took over at the helm of NATO in October. DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .Wall Street stocks surged to fresh records Wednesday on hopes about easing US monetary policy, shrugging off political upheaval in South Korea and France. All three major US indices scored records, with the Dow Jones Industrial Average finishing above 45,000 for the first time. 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. 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FOXBORO — Drake Maye’s arrival in New England coincided with a wholesale reset for the Patriots franchise following the departure of coach Bill Belichick and quarterback Mac Jones this past offseason. In his eight starts since assuming the reins from veteran Jacoby Brissett, the rookie quarterback has provided encouraging examples of what the Patriots’ revamped front office saw in selecting him third overall in the draft last April. While the Patriots enter their bye week with a 3-10 record and just 2-6 with Maye as the starter, both the coaching staff and his teammates feel they have a quarterback they can build around going forward. “I’m just trying to take it one day at a time, one game at a time,” Maye said this week. “I’m trying to learn from negative experiences or negative plays, learn from turnovers, learn from sacks that I take and see if I can get the ball out and do something better. That’s probably the biggest thing. "Hopefully, the work that we’re putting in and the product that we’re putting out can lead to some positive plays and some positive wins down the road.” Maye is coming off his best statistical performance of the season, completing a season best 80% of his passes (24 of 30) for a season-high 238 yards and a touchdown in New England’s 25-24 loss to Indianapolis. He also had a 41-yard run, showing off a running ability that has him averaging 9.1 yards per carry – best among quarterbacks who have played at least nine games. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
FOXBORO — Drake Maye’s arrival in New England coincided with a wholesale reset for the Patriots franchise following the departure of coach Bill Belichick and quarterback Mac Jones this past offseason. In his eight starts since assuming the reins from veteran Jacoby Brissett, the rookie quarterback has provided encouraging examples of what the Patriots’ revamped front office saw in selecting him third overall in the draft last April. While the Patriots enter their bye week with a 3-10 record and just 2-6 with Maye as the starter, both the coaching staff and his teammates feel they have a quarterback they can build around going forward. “I’m just trying to take it one day at a time, one game at a time,” Maye said this week. “I’m trying to learn from negative experiences or negative plays, learn from turnovers, learn from sacks that I take and see if I can get the ball out and do something better. That’s probably the biggest thing. "Hopefully, the work that we’re putting in and the product that we’re putting out can lead to some positive plays and some positive wins down the road.” Maye is coming off his best statistical performance of the season, completing a season best 80% of his passes (24 of 30) for a season-high 238 yards and a touchdown in New England’s 25-24 loss to Indianapolis. He also had a 41-yard run, showing off a running ability that has him averaging 9.1 yards per carry – best among quarterbacks who have played at least nine games. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.SAN FRANCISCO , Dec. 5, 2024 /PRNewswire/ -- Silicon Valley's seasoned veterans in retail and e-commerce are rallying behind Jingo , a bold leap forward in transforming the online shopping experience. By blending personalization with advanced technology, Jingo is rethinking the way shoppers discover products and how brands connect with their audiences. A Powerhouse Backing Founded by e-commerce veterans, Ujjal Pathak and Rohan Bhanot , who bring years of experience building online shopping platforms, Jingo has secured backing from a powerhouse group of investors and advisors with expertise from leading companies such as Pinterest, Walmart, Minted, eBay, Square, Nike, Klarna, and Intuit. Their collective knowledge in e-commerce, retail, and fintech provides the strategic guidance needed to bring Jingo's vision of a smarter, more equitable shopping platform to life. Solving the Real Problem in E-Commerce Amazon has been shaping online shopping for nearly 30 years, while Walmart has stood as a retail giant for over 60. While these platforms revolutionized e-commerce for past generations, Jingo is built from the ground up to meet the needs of today's digitally native consumers. Designed with Gen Z and Millennials in mind, Jingo delivers a shopping experience that feels intuitive, personal, and deeply connected to modern lifestyles. For customers, the challenge isn't simply finding products—it's making better decisions . Endless choices often lead to decision fatigue and frustration. Jingo tackles this by prioritizing relevance over sheer quantity. Using machine learning, the platform curates and presents personalized assortments early in the shopping journey, showing the most relevant products at the right time. This thoughtful approach fosters confidence and transforms decision-making into an enjoyable process. For brands and sellers, major marketplace platforms often tie visibility to significant advertising spend, creating barriers for smaller players. Jingo flips this model by leveraging advanced machine learning to surface products only to customers with genuine interest. This precision eliminates waste, reduces noise, and ensures that every connection between brands and customers feels meaningful. Empowered by tools like real-time insights, predictive analytics, and curated discovery, brands can optimize inventory, anticipate trends, and connect with their ideal audience without relying on costly campaigns or third-party tools. Jingo is creating a marketplace where both customers and sellers thrive, redefining how value is delivered in online shopping. A Transformative Vision for the Future Jingo's ambitions go far beyond optimizing today's online shopping experience. The platform is building toward a future where commerce is redefined through intelligent systems that seamlessly integrate into users' lives. Imagine a world where shopping evolves from a process you initiate to an experience that happens intuitively. Jingo's end-state vision is to create intelligent systems capable of learning, adapting, and acting on behalf of users , delivering personalized, proactive, and effortless commerce. This approach points to a future where products appear at your doorstep before you even think about shopping, making commerce an invisible yet integral part of daily life. By designing systems that dynamically adapt and provide proactive support, Jingo aims to fundamentally change the way consumers and brands interact, setting a new standard for convenience, personalization, and connection. Flipping the Script for Brands and Sellers Beyond offering better targeting, Jingo is reimagining the commission structure to create a fairer and more seller-focused marketplace. For the first 1,000 brands and sellers who join, Jingo introduces a groundbreaking model: These incentives, coupled with Jingo's advanced tools like predictive analytics and real-time insights, empower sellers to focus on delivering quality products while Jingo ensures they reach the right customers. By reducing the noise-to-signal ratio, brands can build lasting, loyalty-driven relationships in a transparent and equitable ecosystem. Brands and sellers interested in being part of this transformative journey can contact the Jingo team at partner@jingo.app A Bold Vision for E-Commerce With the support of Silicon Valley's leading minds, Jingo is setting a new benchmark for what online shopping can achieve. By addressing decision-making challenges for consumers and creating deeper, more equitable connections for brands, Jingo is leading the next wave of e-commerce innovation. To celebrate its launch, Jingo is running a referral campaign from December 6, 2024 , to February 28, 2025 . Participants can earn credits to shop on the platform once it's live, with prizes of $50,000 for the top referrer, $30,000 for second place, and $10,000 for third. Jingo is more than a platform—it's a movement toward smarter, more personalized, and intuitive commerce. By building systems that anticipate, simplify, and deliver, Jingo is shaping the future of shopping for consumers and sellers alike. Get in Touch For PR inquiries, strategic partnerships, or more information, contact contact@jingo.app View original content to download multimedia: https://www.prnewswire.com/news-releases/redefining-the-future-of-shopping-jingo-gains-silicon-valleys-backing-302324337.html SOURCE Jingo Technologies, Inc.