Latest news with #484
New Indian Express
07-06-2025
- Automotive
- New Indian Express
India's EV policy: Can it deliver?
To encourage global brands to invest under the Scheme, they will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum Cost, Insurance and Freight (CIF) value of $35,000 at reduced customs duty of 15% for five years from the application approval date. To avail this important benefit of the scheme, manufacturers would be required to make minimum investment of Rs4,150 crore. The maximum number of electric four-wheelers allowed to be imported at the reduced duty rate is capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted. The maximum benefits from this duty reduction are topped at Rs6,484 crore or the actual investment amount, whichever is lower. Manufacturers are also required to meet certain criteria including the need to achieve an annual turnover of at least Rs2,500 crore by the second year, Rs5,000 crore by the fourth year, and Rs7,500 crore by the fifth year. Additionally, they must reach local value-addition targets of 25% by the third year and 50% by the fifth year. They are also required to be of a certain size. The Global Group's Revenue (from automotive manufacturing) has to be at least Rs10,000 crore and if the applicant is an investment company, the revenue should not be less than Rs3,000 crore. The application widow under the scheme is likely to open soon, and will remain open for 120 days. However, the government can reopen the window as and when required till March 15, 2026. Union heavy industries minister H D Kumaraswamy has said that global players including Mercedes, Volkswagen-Skoda, Hyundai, and Kia have shown interest in applying under the EV policy.
TimesLIVE
03-06-2025
- TimesLIVE
Embassy offers help to family of Kim White Towne, alleged GBV victim in US
International relations and co-operation minister Ronald Lamola has offered assistance to the family of Capetonian Kim White Towne, who was allegedly murdered by her American husband. 'Our embassy in Washington DC is providing full consular assistance to the family,' he said while sharing his condolences. Chrispin Phiri, spokesperson for the minister, said: 'The circumstances surrounding the tragic death remain under active investigation by the relevant US authorities. Out of respect for the investigative process, the sensitivity of the matter and the privacy of the grieving family, the government will not provide further detailed commentary at this time.' Towne, 32, from the Blouberg area, had moved to Chantilly, Virginia, with her husband Alexander Towne. They had a child together but their relationship was tumultuous and she had moved home for a while before returning to him, according to posts by family members on social media platforms. She was killed on May 25 when he allegedly strangled her during an argument. A BackaBuddy campaign has been launched to help her family pay for the formalities involved with repatriating her remains. So far donations of R84,484 have been pledged, with a goal of R108,000. Organiser Lauren Delcarme said: 'Kim was a vibrant and cherished member of our family whose warmth, kindness and gentle spirit touched everyone she met. 'Her sudden and untimely death has left us in profound grief, and we are faced with the heartbreaking task of bringing her home to SA, where she can be laid to rest among her loved ones. The process of repatriating a loved one's remains is complex and costly. Expenses possibly include cremation, documentation and international transport. We are reaching out to our community and beyond to ask for support in raising the funds needed to reunite Kim with her family and homeland.' Friends are sharing their memories of her, recalling her as 'an amazing person who was always smiling and bringing joy', and who showed 'warmth, humour and kindness' to everyone she knew.
Economic Times
20-05-2025
- Automotive
- Economic Times
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
Live Events Business Valuation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel IPO dates: May 21-23, 2025IPO price: Rs85-90Issue size: Upto Rs2,150 croreImplied market cap: Upto Rs8,009 croreFace value: Rs5Lot size: 166Retail portion: 35%Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%.Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India Minda Corporation and JBM Auto
Time of India
20-05-2025
- Automotive
- Time of India
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
IPO dates: May 21-23, 2025 IPO price: Rs85-90 Issue size: Upto Rs2,150 crore by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Implied market cap: Upto Rs8,009 crore Face value: Rs5 Lot size: 166 Retail portion: 35% Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after listing. Live Events Business Incorporated in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 years. Financials Revenue grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%. Valuation Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India , Minda Corporation and JBM Auto .
Yahoo
12-03-2025
- Health
- Yahoo
Researchers make concerning discovery about health risk during pregnancy: 'Further research is needed'
A new study suggests that exposure to per- and polyfluoroalkyl substances — also known as PFAS or "forever chemicals" — could lead to lower placental weights, potentially posing health concerns for maternal and newborn health. Researchers set out to investigate the potential of "impaired placental structure and function" in humans due to PFAS exposure because it had previously been observed in animals like mice and rabbits. The authors noted that previous studies have produced mixed results regarding the link between PFAS exposure and placental weight. For instance, one previous study found no correlation. However, they added that few human-based studies exist. The France-based research team measured PFAS concentrations in the blood of 484 pregnant women. At birth, their placentas were weighed and tissues analyzed. They found that women in the moderate-to-higher PFAS exposure group had, on average, lower placental weights compared to those with lower levels in their systems. "Further research is needed to confirm these findings and elucidate placental mechanisms influenced by PFAS, alone or in combination with other environmental chemicals," the authors wrote. According to Oregon Health & Science University, small placentas may be indicative of malnourishment and a lack of oxygen supply in the womb. Per OHSU, they "are also associated with increased risk of chronic disease later in life." The new research regarding lower placental weights adds to a growing body of evidence linking PFAS with negative health outcomes. One study revealed that exposure to PFAS can alter the expressions of certain genes within the brain. Another paper linked these chemicals to an increased risk of cardiovascular diseases in postmenopausal women. These "forever chemicals" have also been associated with an increased risk of some cancers, low birth weight, decreased fertility, interference with the body's natural hormones, reduced ability of the immune system to fight infections, and other health concerns, according to the U.S. Environmental Protection Agency. Though PFAS compounds are known for being persistent in the environment, scientists are identifying new ways to help break them down. For example, researchers at the University of Illinois found a way to remove the full spectrum of PFAS from water in a single process. Scientists at the University of Rochester are doing similar work. Do you worry about having toxic forever chemicals in your home? Majorly Sometimes Not really I don't know enough about them Click your choice to see results and speak your mind. You can limit your exposure by purchasing from PFAS-free brands (identified here by PFAS Central), skipping on nonstick cookware, and limiting your purchases of stain- or water-resistant clothing. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
