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Vancouver, BC, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) (“Rockridge”) (the “Company”) is pleased to announce that it has filed and has commenced the delivery of the joint management information circular of the Company, Eros Resources Corp. (“ Eros ”) and MAS Gold Corp. (“ MAS Gold ”) dated November 26, 2024 (the “ Circular ”) and related materials for the annual general and special meeting of shareholders of the Company (the “ Meeting ”) to approve, among other things, the previously announced three-way merger transaction (the “ Transaction ”), pursuant to which, Eros will acquire (i) all of the issued and outstanding shares of Rockridge by way of plan of arrangement under the Business Corporations Act (British Columbia) (the “ Rockridge Arrangement ”) and (ii) all of the issued and outstanding shares of MAS Gold that it does not already own by way of plan of arrangement under the Business Corporations Act (British Columbia) (the “ MAS Arrangement ”). Pursuant to the Transaction, shareholders of Rockridge will receive 0.375 common shares of Eros (each full share, an “ Eros Share ”) for each Rockridge common share (a “ Rockridge Share ”) held and shareholders of MAS Gold will receive 0.25 Eros Shares for each MAS Gold common share (a “ MAS Gold Share ”) held. Upon closing of the Transaction, existing Eros shareholders will own approximately 42.37% of the combined company, existing MAS Gold shareholders will own approximately 37.33% of the combined company, and existing Rockridge shareholders will own approximately 20.30% (based on the current issued and outstanding shares of each of the companies). Benefits of the Transaction: Proven Leadership Team: The combined company board and management will bring decades of relevant experience, with a track record of significant valuation creation for stakeholders, capital markets expertise, and technical experience. Mineral Resources with Exploration Potential in Saskatchewan, Canada: The combined company will consist of high-grade gold and copper assets in Saskatchewan and the portfolio of the combined company is expected to provide shareholders with exposure to approximately 77,890 hectares of mineral claims, offering the potential for new discoveries and potentially attracting larger strategic partners. Strong Balance Sheet to Execute on Growth Initiatives : The combined company will benefit from Eros’ portfolio of equities valued at over $7.5 million as at June 30, 2024. The board of directors of the Company unanimously recommends that shareholders vote FOR the Transaction and related matters, for the reasons above, among other reasons discussed more fully under the heading "The Transaction – Reasons for the Transaction" in the Circular. The Circular provides important information on the Transaction and related matters, including the background to the Transaction, the rationale for the recommendations made by the board of directors of the Company, voting procedures and how to attend the Meeting. Shareholders are urged to read the Circular and its schedules carefully and in their entirety. The Circular and meeting materials can also be found under the Company’s profile on SEDAR+ ( www.sedarplus.ca ) as well as on the Company’s website at: https://www.rockridgeresourcesltd.com/investors/agm/. Rockridge is aware that, as a result of the national strike commenced by the Canadian Union of Postal Workers on November 15, 2024 (the “ Strike ”), Canada Post’s operations have shut down. In order to facilitate the delivery of the Circular and related materials for the Meeting to non-registered shareholders in the event that the Strike, lockout or similar or related events prevent, delay or otherwise interrupt delivery of Circular and related materials for the Meeting to non-registered shareholders in Canada in the ordinary course by the applicable intermediaries, Rockridge will provide the Circular and meeting materials by electronic mail or by courier upon request by a shareholder to the Company at 604-558-5847 or by email at info@rockridgeresourcesltd.com. The Meeting will be held at 1111 W Hasting Street 15 th Floor, Vancouver, British Columbia V6E 2J3 on January 6, 2025 at 10:00 a.m. (Vancouver time). Shareholders of record as of the close of business on November 8, 2024 are entitled to receive notice of and vote at the Meeting. Shareholders are encouraged to vote well in advance of the Meeting in accordance with the instructions the form of proxy or voting instruction form delivered to shareholders. The deadline for shareholders to return their completed proxies or voting instruction forms is January 2, 2025 at 10:00 a.m. (Vancouver time). Note that Shareholders who hold their shares with a broker, bank or other intermediary may be required to return their voting instruction form in advance of January 2, 2025 at 10:00 a.m. (Vancouver time) to be included in the vote. Non-registered shareholders are also encouraged to contact the proxy department at their broker or other intermediary (where their common shares are held) who can assist them with the voting process. Non-registered shareholders must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote. Receipt of Interim Orders The Company is also announcing that the Supreme Court of British Columbia has granted the interim orders in respect of the Rockridge Arrangement and the MAS Arrangement (together, the “ Interim Orders ”). The Interim Orders authorize various matters related to the Rockridge Arrangement and the MAS Arrangement, including the holding of meetings of shareholders of Rockridge and MAS Gold and the mailing and delivery of the Circular to shareholders of Rockridge and MAS Gold. Additional Information Full details of the Transaction are set out in the Business Combination Agreement, which is filed on the Company’s profile on SEDAR+ at www.sedarplus.ca . On behalf of the Board, Jonathan Weisblatt CEO About Rockridge Resources Ltd. Rockridge Resources Ltd. is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. Rockridge’s 100% owned Knife Lake Project is located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large property package. Rockridge’s gold asset is its 100% owned Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps. Additional information about Rockridge and its project portfolio can be found on the Company’s website at www.rockridgeresourcesltd.com . Rockridge Resources Ltd. Jonathan Wiesblatt, CEO Nicholas Coltura, Corporate Communications Email: info@rockridgeresourcesltd.com jwiesblatt@rockridgeresourcesltd.com NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. None of the securities to be issued pursuant to the Transaction have been, nor will be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction. Forward-Looking Information and Statements This press release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such “could”, “intend”, “expect”, “believe”, “will”, “projected”, “planned”, “estimated”, “soon”, “potential”, “anticipate” or variations of such words. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and/or the combined company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the inability of the Company, Eros and MAS Gold to integrate successfully such that the anticipated benefits of the Transaction are realized; the inability to realize synergies and cost savings at the times, and to the extent, anticipated; the inability of the Company, Eros or MAS Gold to obtain the necessary regulatory, stock exchange, shareholder and other approvals which may be required for the Transaction; the inability of the Company to close the Transaction on the terms and timing described herein, or at all; the inability of the Company to work effectively with strategic partners and any changes to key personnel; inability of the combined company to successfully complete a private placement or other financing upon completion of the Transaction; and material adverse changes in general economic, business and political conditions, including changes in the financial markets. These risks are not intended to represent a complete list of the factors that could affect the Company and/or the combined company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or forward-looking statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the combined company’s future decisions and actions will depend on management’s assessment of all information at the relevant time. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and forward-looking statements are reasonable, undue reliance should not be placed on such information and forward-looking statements, and no assurance or guarantee can be given that such forward-looking information and forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.Unisys Corporation Announcement: If You Have Suffered Losses in Unisys Corporation (NYSE: UIS), ...Trump tariffs will hit California hard — and his voters harder
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This aerial drone photo taken on Dec. 10, 2024 shows a container terminal of Lianyungang Port, east China's Jiangsu Province. (Photo by Wang Chun/Xinhua) BEIJING, Dec. 28 (Xinhua) -- China will reduce import tariffs on a large number of goods next year in its latest move to expand domestic demand and advance high-standard opening up, authorities announced Saturday. Provisional import tariffs, lower than the most-favored-nation rates, will be applied to 935 commodities as part of an annual tariff adjustment plan effective on Jan. 1, 2025. This plan "will help increase the imports of quality products," according to a statement from the Customs Tariff Commission of the State Council. This tariff reduction aligns with the need to foster new quality productive forces through scientific and technological innovation, enhance people's well-being, and promote green and low-carbon development, the commission said. For instance, lower provisional tariffs will be implemented for some raw materials, including ethane, cycloolefin polymers and ethylene-vinyl alcohol copolymers, which are important basic materials for the petrochemical industry. "These tariff cuts will effectively reduce the production costs of enterprises, promote their technological innovation and facilitate the green development of the petrochemical industry," said Fan Min, deputy head of the information and market department at China Petroleum and Chemical Industry Federation. Some recycled copper and aluminium raw materials will also see their import tariffs reduced, according to the commission. In addition, automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles will enjoy lower import tariffs, which analysts say will better guarantee the production of such vehicles and improve their competitiveness. While continuing to apply zero tariffs on some drugs and raw materials to treat cancer and rare diseases, the country will cut tariffs on sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implants. By continuously reducing import tariffs on the pharmaceutical raw materials and medical equipment in high demand, China will better ensure people's access to medical services, said Gao Yuning, vice dean of the School of Public Policy and Management of Tsinghua University. China has been bringing down the import tariffs for drugs and active pharmaceutical ingredients since 2018. Under 24 free trade and preferential trade arrangements, conventional tariff rates will be applied to certain products from 34 countries or regions next year as part of China's efforts to expand its globally-oriented network of high-standard free trade areas, according to the commission. Among these, lower tariffs under the China-Maldives free trade agreement, effective Jan. 1, 2025, will eventually lead to zero tariffs on nearly 96 percent of tariff lines between the two sides. China will also continue to offer zero-tariff treatment on 100 percent of tariff lines next year to the 43 least developed countries with which it has diplomatic relations in a bid to support their development and foster mutual benefits, according to the commission. These measures demonstrate China's determination to advance high-standard opening up and its sense of duty as a responsible major country, said Gao Lingyun, a researcher at the Chinese Academy of Social Sciences. Despite global headwinds against globalization and rising geopolitical risks, China has acted to open its doors wider. The tone-setting Central Economic Work Conference held earlier this month vowed to expand voluntary and unilateral opening up in an orderly manner. Specified tariff items will be introduced for products such as pure electric passenger vehicles to support industrial development and sci-tech advancement, while import tariffs will be increased on goods including battery diaphragms, in light of domestic industrial development and market supply and demand, and in accordance with its commitments to the World Trade Organization, according to the commission.Unisys Corporation Announcement: If You Have Suffered Losses in Unisys Corporation (NYSE: UIS), You Are Encouraged to Contact The Rosen Law Firm About Your RightsSujeet Indap in New York and Stephen Morris in San Francisco Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A judge in Delaware rejected Tesla’s attempt to restore Elon Musk’s record $56bn pay package after previously striking it down as a breach of the fiduciary duty of the electric-car maker’s board, dealing a blow to the world’s richest man. Judge Kathaleen McCormick wrote that Tesla’s unprecedented effort to push the 2018 pay package through a second time, four months after she first struck it down, was “creative”. But the board “had no procedural ground for flipping the outcome of an adverse post-trial decision based on evidence they created after trial,” she wrote. The decision from the Delaware Court of Chancery tees up an expected appeal to the Delaware Supreme Court, which will decide how much weight the decision by Tesla’s shareholders to approve it has at a moment when Musk’s social and political power is at its peak. Musk has gained the ear of US president-elect Donald Trump after spending more than $100mn on his re-election campaign. In return, Musk has gained sway over crucial cabinet appointments and made co-head of an advisory body that has vowed to dramatically shrink the federal budget. The pay package of just over 300mn Tesla shares would only vest if the company hit a series of difficult stock price and operational targets. McCormick, in her original ruling in February, said the Tesla board that approved the package six years ago was too cozy with Musk, and that her analysis of the pay award showed that it could not be justified on any reasonable metric. Tesla stock has surged 44 per cent this year, much of that coming after Trump’s election victory on November 5. That means the stock options in Musk’s pay package have soared in value to $108bn. If it is ultimately granted, the package would increase his ownership stake from just under 13 per cent to more than 20 per cent. After McCormick struck down Musk’s pay package the first time, Tesla put identical terms — with enhanced disclosures — to a shareholder vote in June. It passed with 72 per cent support. Shareholders also approved a separate plan to reincorporate the company from Delaware, where the vast majority of big public US companies are listed, to Texas, where several other Musk-controlled companies are based. Since the February decision, Musk has loudly complained about the Delaware corporate law court and has moved all of his companies incorporations to either Nevada or Texas. Delaware’s status as the premiere destination for public companies’ legal domiciles has since become a lingering issue for the state. Recommended Last month, Musk posted on his social media platform X: “When there are egregiously wrong legal judgments in a single state that substantially harm American citizens in all other 49 states, the Federal government should take immediate corrective action.” Lawyers for the shareholder who brought the original suit were also awarded $345mn in fees, instead of the $5.6bn in Tesla shares that they had requested, according to Monday’s decision. Lawyers at the firm Bernstein Litowitz, who had represented the Tesla shareholder who brought the suit, had said that based on the $56bn value of the cancelled stock grant, they were owed $5.6bn in shares. McCormick rejected that, however. She said that the lower amount of $345mn, payable in cash or Tesla stock, was sufficient, estimating that the value returned to shareholders was closer to $2.3bn, pointing to an accounting charge it took in 2018.
Letters submitted by BDN readers are verified by BDN Opinion Page staff. Send your letters to letters@bangordailynews.com Maine is a very environmentally minded state concerned about its statewide great natural beauty and forestland. The practical economic reality is that Maine seemingly barring a totally unexpected resurrection has lost forever its slice of economic bread and butter paper industry. There is a serious need to eliminate air pollution not only in United States major cities but cities across the nation and globally. The Trump administration has ambitious plans to “drain the swamp” which could prove to be a beneficial streamlining of the federal government depending on a smooth transition without political bloodletting resulting in the “swamp” remaining a swamp but a Republican swamp. It remains necessary for the auto industry to continue steadfastly to improve electric vehicles making them competitive with gasoline and diesel fueled vehicles. Not a ten year process but a long term transition to environmentally compatible and practical and long-distance travel automobiles. Though the Republican Party will have the majority in both the U.S. Senate and U.S. House, the Trump administration, yet to assume the White House official responsibilities, should not be given carte blanche to govern the United States and its various government departments. Richard Mackin Jr. Millinocket More articles from the BDNNEW YORK (AP) — Millions displaced by global conflicts . Communities reeling from unseasonably strong natural disasters . Lives upended due to healthcare inequalities. In the middle of these crises are established nonprofits, everyday individuals and mutual aid groups — all seeking your dollars to make a difference. But with no shortage of worthy causes and the rise of new giving technologies, how should you donate? The choices can be immobilizing for those looking to open up their wallets. Many value conventional charities. But others — Gen Z and millennials, as well as the unmarried and less religious, according to 2021 research by the Indiana University Lilly Family School of Philanthropy — like to crowdfund by pooling donations online for folks in dire circumstances. The approaches reflect differing assessments of impact and trustworthiness. But they aren't necessarily opposed. “It’s really: what is the right type of support that either an organization or a community or an individual needs?” said Bloomerang Chief Customer Officer Todd Baylis, who previously co-founded the platform Qgiv to help nonprofits fundraise online. "And being able to tailor that to the individual giver.” Here are some questions worth considering as you determine which assistance best suits your objectives: It might come down to whether you want to make a big difference for one person or help seed large-scale change. Tiltify is a technology platform that helps nonprofits and individual crowdfunders alike raise money. If donors want to ensure that food gets to communities recovering from disasters, Tiltify CEO Michael Wasserman says a nonprofit contribution is probably best, as established organizations already have distribution pipelines and built-up expertise. But if you want to ensure a particular person can take care of themselves, he said, a direct donation to a crowdfunding campaign might make more sense than sending money “through a charitable funnel.” “It really depends on what your goal is as a donor: if you’re trying to help out somebody specifically or if you’re trying to help out people in plural,” Wasserman said. You could do both at once, according to one nonprofit that delivers cash transfers. GiveDirectly reports sending more than $860 million to 1.6 million people across three continents. Senior Program Manager Richard Nkurunziza says the idea was initially met with fears of misuse. But GiveDirectly finds that cash donations are a dignified way to empower poor people to invest in their unique needs. In Rwandan villages, he said, recipients have spent donations on household renovations, new businesses and youth education — all of which ultimately benefit their entire community. “There’s a bit of agency,” said Nkurunziza. “It gives an opportunity for the recipient to make a decision on how they use the funds for themselves.” Crowdfunding could be considered “more democratic,” according to Claire van Teunenbroek, a University of Twente professor specializing in online giving behavior. That's because donors have more control over their gifts' usage when they choose exactly who benefits. The disadvantage, she said, is that people with the greatest needs aren't always the ones with the most success. Humans are prone to supporting “easily sellable” projects with highly emotional appeals. Studies have also shown racial disparities in crowdfunding. The most popular reason donors told Bloomerang they stopped giving was because they did not trust contributions were being used wisely, according to the company’s Generational Giving Report. The second most common response was that donors no longer felt connected to the nonprofit they’d previously supported. The answers underscore the need for recipients to actively prove their trustworthiness. Tax-exempt nonprofits must submit annual financial disclosures to the Internal Revenue Service that include publicly available information, including executives' salaries. Watchdogs, such as Charity Navigator, compile lists of verified nonprofits and assess their work. Crowdfunding, while convenient, is much more susceptible to fraud. The online sites are relatively unregulated, leaving the responsibility for protection up to donors and the platforms themselves. In GoFundMe's case, donations can be refunded up to one year after they are made. The company also advises that organizers identify themselves and their beneficiaries, and specify their plans for spending contributions. Online users mistakenly associate high donation numbers with credibility, according to van Teunenbroek. She said risk is better mitigated by making sure the project's description is detailed. “For a donor, if you prefer more certainty, then traditional nonprofits are probably better because they have an established reputation,” she said. ALSAC CEO Rick Shadyac said his charity works hard to make donors feel confident that their money is supporting the mission of St. Jude Children's Research Hospital: improving pediatric cancer survival rates worldwide by covering the costs of care and researching treatments. Shadyac encouraged people to give regardless of the medium and to always look for reputable causes. Bonafide charities, he said, bring “greater degrees of confidence” while crowdfunding requires more “due diligence.” But he sees room for both. “They should actually complement each other," he said. “Some of this is more in the realm of micro-philanthropy where they may be wanting to help a specific individual because they found themselves in difficult circumstances,” he added. "But if you want to help kids with cancer, you want to help cure heart disease, there are charities that are keenly focused on that.” ALSAC gets nearly one quarter of its annual revenue during the last two months of the calendar, Shadyac said, around the time of year designated as “Giving Season.” The uptick could stem from the spirit of generosity around the holidays, he added. Sure enough, a 2023 study found that people in good moods are more likely to make a charitable donation. They might also be making their year-end tax plans. “Not-for-profits give them the opportunity to address some things that are important to them while also getting a tax deduction,” Shadyac said. Crowdfunding donations to individual campaigns, however, cannot be written off on your taxes. But crowdfunding can make it easier to identify with the ultimate beneficiaries of one's gift, van Teunenbroek said. Mutual aid refers to reciprocal support networks of neighbors who promptly meet each other's most pressing needs when existing systems fail to make them whole. Because of those reciprocal ties, participants often describe the act as “solidarity, not charity.” In the internet age, these groups often solicit cash contributions through online payment processors like Venmo, Cash App, PayPal or Zelle. Anyone can scan QR codes, which are usually reposted across social media accounts, to donate. The money goes straight to those impacted or helps purchase supplies for shared resources like community fridges. Transparency might come in the form of a screenshotted receipt shared by organizers on their profile. Tamara Kneese joined several mutual aid efforts during the early days of the coronavirus pandemic to take care of her neighbors in Oakland. Kneese, a director at the nonprofit research institute Data & Society, said these groups tend to start as immediate responses to crises that are acutely hurting disadvantaged communities. The idea, she added, is that “state abandonment cannot be addressed by charitable giving alone.” Kneese said the challenges of such bottom-up, grassroots groups are that resources dwindle and people burn out. Only so many requests can be fulfilled. Organizers' politics clash. The benefits, she found, are that support comes from within the community and members have direct interactions with those using it. “It is not just a sense of charity, like you make a donation and you're done," she said. "There is more of a relationship involved and it is not just transactional.” Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy .Rare foreign-born CEO says Japan needs immigration to thrive“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal , Director - Institutional Equities, PL Capital - Prabhudas Lilladher . In an interview with ETMarkets, Aggarwal said: “We have cut our base case 12-month NIFTY target to 27,381 from 27,867 earlier) and recommend selective buying on dips for long-term gains” Edited excerpts: We have witnessed a volatile November as markets keep moving from bullish and bearish phases. What is your call on markets? Amnish Aggarwal: November has been a rollercoaster for the markets, with the NIFTY down 6% since mid-October, driven by FII outflows, geopolitical uncertainty, and a strong dollar. Inflation, especially food inflation, has also pressured demand, particularly in urban areas, with October CPI at 6.2%. I remain cautiously optimistic on markets. Political stability post-state elections gives the government momentum for reforms and increased capex, which should drive growth. Rural demand remains steady, and I expect a boost from the festival and wedding seasons. However, inflation remains a challenge, and with CPI high, we likely won’t see rate cuts from the RBI until after the budget. I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations. 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We have cut our base case 12-month NIFTY target to 27,381 from 27,867 earlier) and recommend selective buying on dips for long-term gains. Market might be down by about 8-10% from the highs in terms of benchmark levels. But, are you getting any bargain buys at current levels? Amnish Aggarwal: Absolutely, with the market down around 8-10% from its highs, the correction has opened up attractive entry points in specific stocks. We have added Lupin, Polycab India, Aster DM Healthcare, DOMS Industries and Triveni Turbine to our high conviction picks. You Might Also Like: Strategy to avoid risky speculation when investing Lupin: Lupin is gaining from higher US and India sales and margins led by better product mix and cost optimization. Lupin saw remarkable turnaround in profitability with ~2x jump in EBITDA over FY23-24. Polycab India: Polycab’s revenue growth in the wires and cables segment will continue to be healthy, with stability in commodity prices, pick-up in government spending, continued investments by private players and robust real estate offtake. Aster DM Healthcare: We believe that margins will improve in India hospitals aided by gross margin expansion, healthy ARPOB, occupancy scale up, faster ramp up in its Whitefield new unit and bed additions. You Might Also Like: Stock-level steep correction: An opportunity for contrarian bets? DOMS Industries: DOMS has a diversified stationary & arts material portfolio and has outlined a capex plan of Rs 450 crore over 2 years to expand capacity in writing instruments, watercolor pens, markers and highlighters. We expect revenue/PAT CAGR of 26%/28% over FY24-FY27E. Triveni Turbine: The company is well positioned for sustained growth led by global energy transition and generation gap fuelling demand for its industrial and API turbines, and healthy order book of Rs 1800 crore with robust export/domestic inquiries. Trump pledges 25% tariffs on Canada and Mexico, and deeper tariffs on China. Do you see any impact for India Inc.? Amnish Aggarwal: The 25% tariffs on Canada, Mexico, and deeper tariffs on China will likely play in India’s favour, as global companies seek alternatives to China. India stands to benefit significantly in sectors like electronics manufacturing, textiles, chemicals, and engineering, with FDI in manufacturing already increasing by 20% last year. Trump’s foreign policy and stable crude oil prices (around $70–$75 per barrel) can further support India, particularly with reduced geopolitical tensions in the Middle East and Russia-Ukraine conflict. That said, higher tariffs could push up the cost of raw materials and intermediate goods, impacting sectors that are reliant on imports like electronics and auto. Still, India is well-positioned to take advantage of the global shift in manufacturing, especially in IT, defence, and GCC sectors. Is there any beaten-down theme that is now attractive as the risk-to-reward ratio is more comfortable? Amnish Aggarwal: The Capital Goods and Engineering sector is now attractive, as its risk-to-reward ratio has become more comfortable. In Q2 FY25, Capital Goods sector reported more than 19% EBIDTA growth YoY and saw 9 rating upgrades. We have increased overweight on the sector from 280 basis points to 420 basis points, post sharp correction in key stocks. PL’s model portfolio includes stocks like ABB, Siemens, Polycab India, L&T and Bharat Electronics from this sector. We have also turned equal weight on L&T given attractive valuations. There is too much chatter about FIIs taking out money but they have been consistent buyers in debt. How do you think investors should read that? Amnish Aggarwal: The fact that FIIs have been consistent buyers in debt despite pulling out funds from equities suggests a shift in investment strategy, likely driven by concerns over market volatility and inflationary pressures. This trend indicates that foreign investors are favouring the relative safety and stable returns offered by debt instruments, particularly in the current environment where equity markets are facing corrections. With India's government bonds becoming a part of Bloomberg and JP Morgan bond indices, and soon to be a part of FTSE Russell index by Feb 2025, the outlook for India’s debt markets remains positive. For investors, this should be seen as a sign to diversify their portfolios. While equity markets may present attractive opportunities over the long term, given the recent pullback, debt investments offer a safer haven, especially as interest rates begin to stabilise. In light of a strong dollar and its global repercussions, how do you see currency movements affecting Indian investments? Amnish Aggarwal: A strong US dollar can have mixed effects on Indian investments. On one hand, a stronger dollar often leads to capital outflows from emerging markets like India, as investors seek safety in dollar-denominated assets, potentially putting pressure on the Indian rupee. This depreciation of the rupee can lead to higher costs for imports, especially for commodities and oil, resulting in inflationary pressures that could affect domestic consumption and corporate profitability. On the other hand, a weaker rupee can provide a competitive advantage to Indian exporters, such as those in IT services, pharmaceuticals, and auto components, as their products become cheaper in global markets, boosting their earnings. However, companies with dollar-denominated debt might face higher repayment costs, which could strain their financials. It will all boil down to how India manages its fiscal and current deficits. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )
Imagine you're standing at the crossroads of the financial revolution, where innovation meets opportunity. Every cryptocurrency on this list is like a bright star in a constellation, each shining uniquely. Bitcoin Cash is all about lightning-fast transactions. Avalanche offers mind-blowing scalability. Polkadot? It's the glue binding the blockchain universe. Cardano takes a scientific approach to decentralisation, while Tron revolutionises content sharing. Toncoin boasts cutting-edge security, and Tether brings stability to the chaos. XRP makes cross-border payments effortless, and Qubetics ($TICS)? It's shaking up the scene with its trailblazing $TICS token. Each of these cryptos is a ticket to a transformative journey in the crypto space, but Qubetics stands out as the user-friendly powerhouse, especially with its innovative wallet and a red-hot presale that's got everyone talking. Let’s dive deeper into why Qubetics and these other cryptos are the best cryptos to buy now. 1. Qubetics: Redefining Blockchain Accessibility Qubetics is rewriting the rules of blockchain with one goal: making cryptocurrency management as easy as ordering a coffee. The Qubetics Wallet is thecore of its ecosystem, giving users a seamless way to handle their $TICS tokens and other assets. Designed for accessibility, it’s set to launch on iOS, Android, and desktop platforms, ensuring everyone—no matter their tech preference—gets a slice of the crypto pie. It’s not just another wallet; it’s a user-focused gateway to a decentralised financial future. But what’s stealing the spotlight right now is the Qubetics presale. Phase 9 is live, and it’s buzzing with action! At just $0.023 per $TICS token, early investors are snapping them up, with over 3200 holders and $2.7M already raised. The kicker? Prices jump 10% every week, and the final phase shoots up by 20%. A $200 investment today buys about 8,696 $TICS, and post-presale, the price is projected to hit $0.25—a jaw-dropping 986.95% ROI! If you’re scouting the best cryptos to buy now , this presale is the golden ticket. 2. Bitcoin Cash Bitcoin Cash was born to solve Bitcoin's scalability problem, making transactions faster and more affordable. It increased the block size to process more transactions in less time, which is a game-changer for everyday use. Merchants and consumers alike love its practicality, offering a seamless way to exchange value without long waits or high fees. Its decentralised nature ensures that no single entity can control it, keeping the system fair for all. Cryptocurrency is widely adopted across industries, from e-commerce to travel, for quick and low-cost payments. 3. Avalanche Avalanche has carved out its spot as a leader in blockchain scalability. Its consensus mechanism is designed to handle thousands of transactions per second, making it incredibly fast and efficient. This speed doesn’t compromise security, as Avalanche boasts one of the most robust protocols in the industry. Developers love its support for building decentralised apps (dApps) and custom blockchain networks, offering unmatched versatility. 4. Polkadot Polkadot is the master connector of the crypto world, uniting different blockchains into one interoperable ecosystem. Its unique para chains allow blockchains to operate independently while still communicating seamlessly. This interoperability opens doors for developers to create more versatile and complex solutions. Polkadot is known for its ability to handle multiple transactions across various chains simultaneously, making it highly scalable. Security is a top priority, with a shared system that protects all connected networks from attacks. 5. Cardano Cardano is a blockchain built with a scientific approach, focusing on security, scalability, and sustainability. It uses a unique proof-of-stake system, which is more energy-efficient than traditional mining-based mechanisms. The platform’s layered architecture separates transactions and computations, improving network efficiency. Its peer-reviewed foundation ensures that every update is well-tested before implementation, making it incredibly reliable. Developers can use Cardano to build decentralised applications that are both secure and scalable. 6. Tron Tron is revolutionising content sharing by putting power back in the hands of creators. Its blockchain allows content creators to publish their work directly to audiences without middlemen taking a cut. This decentralisation ensures that creators keep the majority of their earnings, which is a game-changer in industries like media and entertainment. Tron’s speed is another standout feature, with the ability to handle over 2,000 transactions per second. Its low transaction costs make it accessible for both small and large-scale projects. 7. Toncoin Toncoin, created by the developers behind Telegram, focuses on security and privacy. Its blockchain supports fast, low-cost transactions, making it ideal for everyday use. The network uses advanced encryption to ensure user data and transactions are always protected. Toncoin integrates seamlessly with messaging platforms, bringing crypto to the masses in a user-friendly way. Its decentralised approach ensures that no single entity has control, aligning with the principles of blockchain. 8. Tether Tether is the go-to stablecoin for traders and investors seeking stability in a volatile market. Pegged to the US dollar, it offers a consistent value, making it ideal for hedging during market swings. Its primary use is as a bridge between fiat currencies and cryptocurrencies, simplifying transactions. Tether is supported on multiple blockchain networks, enhancing its accessibility and utility. Its speed and low transaction fees make it popular for quick transfers and trading. The stablecoin is widely accepted across exchanges, making it a key player in liquidity management. 9. XRP XRP is transforming global payments with its lightning-fast transaction speeds and minimal fees. Its blockchain, RippleNet, is designed to work seamlessly with financial institutions for cross-border payments. Unlike traditional methods, XRP settles transactions in seconds, saving time and costs for businesses and individuals. The network’s liquidity solutions help reduce the capital tied up in payment systems. XRP’s decentralised nature ensures that no single entity can control the network. It’s also environmentally friendly, with a minimal carbon footprint compared to other cryptocurrencies. Conclusion: The Best Cryptos to Buy Now Based on the latest research, the best cryptos to buy now are Qubetics, Bitcoin Cash, Avalanche, Polkadot, Cardano, Tron, Toncoin, Tether, and XRP. Each brings something unique to the table, but Qubetics is a standout with its innovative wallet and red-hot presale. With prices climbing every week, now’s the perfect time to jump on the $TICS train before the rocket takes off. Ready to dive in? Start with Qubetics—it’s not just an investment; it’s your gateway to a financial revolution. Don’t miss your shot! Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
Qatar tribune Tribune News Network Doha The Plastic and Orthopaedic Surgery teams at Hamad Medical Corporation (HMC) recently achieved a groundbreaking milestone by performing two complex surgeries to reconstruct the thigh bone and save limbs from amputation. This innovative procedure marks a first-of-its-kind medical accomplishment in Qatar. Dr Mohammad Mounir, consultant, Plastic and Reconstructive Surgery at Hamad General Hospital, highlighted the effectiveness of the innovative technique in reconstructing long bones, including the arms, legs, and thighs. These bones often suffer significant loss or fragmentation due to trauma, advanced cancerous tumours, or severe bone infections. Employing this technique enables preserving the limbs and mitigating the risk of amputation caused by acute bone loss. Dr Mounir said the highly skilled and experienced surgical team successfully treated two complex cases using this innovative technique. The first case involved a 16-year-old patient who had previously undergone multiple reconstructive surgeries following the removal of a malignant tumour in the thigh bone. The second case was of a man in his 30s who suffered severe trauma to the thigh due to a vehicular accident. After both cases were referred to the surgical and plastic teams at HGH, the decision was carefully made to utilise the Capa-Masquelet technique to reconstruct the thigh bone and prevent amputation. “This medical achievement aligns seamlessly with HMC’s strategy to achieve excellence in delivering medical services and enhancing the patient experience. It is in line with Qatar’s Third National Development Strategy and Qatar National Vision 2030, under which HMC is committed to adopting the latest medical technologies and providing advanced healthcare that significantly improves patients’ lives”,said Dr. Mounir. He added, “The Capa-Masquelet technique represents a qualitative leap in long bone reconstruction, as it combines the benefits of the Capa-Masquelet method, which uses boosting tissue to regenerate bone, and the Capanna technique, which involves bone grafting. This unique approach effectively reconstructs missing bone segments, restoring strength, stability, and functionality to damaged femurs.” Dr Ahmad Mounir, consultant in Bone Surgery at HMC, explained that this technique is particularly well-suited for advanced cases of long bone loss, especially where reduced blood circulation hinders the success of traditional methods. By replacing lost bone and repairing gaps, the technique promotes bone healing while maintaining the same leg length. This allows patients to recover and regain mobility within a remarkably short period. Typically, patients begin to heal after about six weeks, with a return to normal activities within four to six months of surgery. Dr Ahmad Mounir added, “The successful implementation of the Capa-Masquelet technique opens up new avenues for treating critical bone injuries, offering hope to patients facing significant challenges in improving their quality of life.” Copy 23/12/2024 10
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