Latest news with #DG
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Business Standard
6 hours ago
- Business
- Business Standard
Iran-Israel conflict: Exporters urge shift from Bandar Abbas to Chabahar
Exporters have suggested shifting cargo movement from Bandar Abbas port to the Chabahar port in the wake of Iran-Israel conflict, stating any further escalation in the war would severely impact trade with Afghanistan, Central Asia, and Russia, an industry official said on Friday. The official also said that the air freight rates have already seen a 15 per cent rise, and traders expect both air and sea freight costs to increase further if the conflict escalates. This was suggested during a meeting convened by the commerce ministry on assessing impact of the war on India's trade. It was chaired by Commerce Secretary Sunil Barthwal. The official also said that while there has been no immediate impact on shipments to Iran, disruptions are likely if the situation worsens. "If Bandar Abbas port doesn't function, it will affect exports not only to Iran but to Afghanistan and Central Asia also. We have been informed that there is adequate capacity at Chabahar, and this needs to be explored urgently," the exporter said. The official, who attended the meeting, said that the secretary assured that the feasibility of shifting operations to Chabahar port would be examined. A Federation of Indian Export Organisations (FIEO) official said that they would soon hold a meeting with Chabahar port authorities on the issue of shifting the movement of consignments. "We will enquire about the facilities at the port," the official said, adding, "The shifting call will have to be taken by the shipping lines. DG shipping would look into that." If Strait of Hormuz gets impacted due to the war, "we have to look at Fujairah port in UAE and Oman port", the official said. FIEO flagged that as of now, Iran's Bandar Abbas port is operational and being used for cargo movement to Afghanistan and other CIS (Commonwealth of Independent States) countries, including Russia. However, if the conflict continues beyond Monday, the route may be impacted. "In case ship movement in the Persian Gulf is blocked, exports to Gulf and Mediterranean countries will also suffer. Currently, buyers have put orders on hold, and exporters are delaying shipments due to concerns that goods may get stuck at ports, leading to heavy demurrage," another industry official said. Although certain factors remain beyond control, in the current circumstances, focus on Chabahar Port -- an Indian-managed port in Iran -- could help the industry. There is connectivity via Dubai and direct linkage from Kandla Port. Due to the conflict, Basmati rice exports to Iran have reportedly stopped, and shipments to the Middle East have become expensive. An exporter said there is a need to improve Chabahar's connectivity to Uzbekistan by engaging local players who may otherwise lose business if Bandar Abbas operations are affected. As per the exporting community, freight has risen by USD 500-600 per 20-feet container. Ocean freight from Indian ports to EU and Mediterranean ports has surged by USD 1,000 per TEU (twenty-foot equivalent unit). The meeting was attended by senior officials from the petroleum, commerce, shipping, and financial services, revenue departments, along with representatives from shipping lines, cargo handlers, and airport authorities. While the Red Sea route remains unaffected and 90 per cent of Indian cargo currently moves via the Cape of Good Hope, concerns were raised about potential disruptions at the Strait of Hormuz. This narrow waterway, only 21 miles wide at its narrowest point, handles nearly a fifth of global oil trade and is indispensable to India, which depends on imports for over 80 per cent of its energy needs. Meanwhile, the exchange of strikes between Iran and Israel has entered the second week on Friday even as President Donald Trump weighed US military involvement and new diplomatic efforts appeared to be underway. At the same time, Iran's foreign minister is in Geneva for holding talks with his counterparts from France, Germany and the UK and the European Union's foreign policy chief. It is the first face-to-face meeting between Western and Iranian officials since the start of the conflict.
Time of India
a day ago
- Time of India
Cash found in barrack of Atiq's son; deputy jailer suspended
Lucknow: Cash was recovered from the high-security barrack of slain don Atiq Ahmed 's son Ali Ahmed in Prayagraj's Naini Central Jail, prompting authorities to suspend deputy jailer Kanti Devi and head warden Sanjay Dwivedi Thursday. On June 17, a CCTV feed monitored by the DG prisons at Lucknow headquarters showed Ali counting cash inside his barrack. The footage showed his lawyer handing him Rs 1,100 in cash after a meeting on the jail premises. Head warden Sanjay Dwivedi, in charge of checking the lawyer's belongings, allowed him entry without proper scrutiny. The DG prisons alerted Prayagraj SP Rajesh Srivastava who conducted a surprise inspection of Ali's cell. While official sources confirmed the seizure of Rs 1,100, jail insiders claimed that up to Rs 1.5 lakh in cash was found. A departmental probe has been ordered. Inmates are prohibited from keeping cash inside the prison as per the jail manuals. Instead, a coupon system is used to purchase items from the jail canteen. Coupons in denominations between Rs 100 and Rs 500 are issued in exchange for deposited money. Ali has been in judicial custody since July 30, 2022, in the sensational Umesh Pal murder case. Ali is the second son of Atiq Ahmed. His eldest brother Umar is in Lucknow Jail, his third brother Asad was killed in a police encounter, while his younger siblings, Ahjam and Aban, are pursuing studies in Prayagraj.
India.com
a day ago
- Politics
- India.com
Israel-Iran war: Israel dials India after air defenses decimated by Iranian missiles; Netanyahu seeking PM Modi's help to...?
(File) Israel-Iran war: Israel's much-hyped air defense systems, including its famous Iron Dome, are rapidly depleting due to the relentless barrage of drones and ballistic missiles launched by Iran in retaliatory strikes since June 13, and now the Jewish nation is turning towards its allies to replenish its dwindling military resources, especially interceptor missile batteries. Israeli DG dials Indian Defense Secretary According to Indian Defense Ministry, a top officer of the Israeli Defense Ministry had a phone conversation with India's Defense Secretary Rajesh Kumar Singh, and while the details of this conversation remain classified, its being speculated that Israel is likely seeking to procure armaments from India to replenish its arsenal as the Israel-Iran war rages on. As per details, Major General (Retd) Amir Baram, who currently serves as the Director General of Israel's Defense Ministry, called the Indian Defense Secretary, and apprised him about the ongoing situation in the Israel-Iran war. The phone conversation between India and Israel comes at a time when Israel's air defenses have significantly depleted due to relentless missile attacks from Iran, and the country is also facing a critical shortage of ammunition as the Israeli Defence Forces (IDF) are fighting on multiple fronts, including their long campaign in Gaza. India's Defense Secretary is responsible for the import and export of the country's weapons and ammunition. Israel running out of interceptors Meanwhile, defense experts believe Israel is running out of interceptors to intercept short-range missiles, and at the current rate, its ability to intercept and neutralize short-range ballistic missiles (SRMs) could last for around 10-12 days at best. Additionally, it only has a few Arrow 3 missiles left in its arsenal, which are used to intercept long-range ballistic and hypersonic missiles. It is being speculated that Israel wants to procure ammunition or air defense system from India, especially India's homegrown IACCS and Akashteer systems, which shot down every drone and missile fired by Pakistan during Operation Sindoor. Israel-India relations India and Israel share long-standing defense ties, with the Jewish state aiding New Delhi with military equipment when called upon. During last month's India-Pakistan conflict, Indian armed forces used Israeli-made Harop and Harpy drones to target terrorists infrastructure and radar systems deep inside Pakistan, and India Air Force (IAF) deployed Israel's Rampage missiles in its air-to-ground onslaught against the enemy nation. Israel-Iran war The Israel-Iran war erupted on June 13 when Israel unleashed a wave of pre-dawn air strikes on Iranian cities, including capital Tehran, under Operation Rising Lion, in which several top Iranian nuclear scientists and military commanders, including IRGC chief Hossein Salami, commander Ghulam-Ali Rashid, nuclear scientist Dr. Mohammad Tehranchi, nuclear scientist Dr. Fereydoon Abbasi and Iran's Armed Forces Chief of Staff Major General Mohammad Bagheri. Hours later, Iran, under Operation True Promise III, responded with a barrage of missiles and drones that struck several Israeli cities and major population centers, including Tel Aviv. Both sides have launched devastating strikes on each other, causing significant damage to infrastructure and loss of civilian lives, even as world powers and global agencies, including the United Nations, have urged the two bitter enemies to exercise utmost restraint. According to various media reports, more than 240 people, including about top Iranian military officers and nuclear scientists, have been killed in Israeli airstrikes, while Iranian missile attacks have resulted in the deaths of more than 28 Israelis.
Spectator
2 days ago
- Entertainment
- Spectator
Astonishing ‘lost tapes' from a piano great
These days the heart sinks when Deutsche Grammophon announces its new releases. I still shudder at the memory of Lang Lang's 2024 French album, in which he drooled over Ravel's Pavane pour une infante défunte; when I reviewed it I suggested that if the poor girl wasn't dead when he started, then she certainly was by the time he'd finished. Now she's been killed again, this time by the guitarist Robin Scherpen, whose Ravel Reimagined offers us 'a peaceful and serene soundscape'. Then there's Rêverie from Nemo Filou, a trio whose cocktail-lounge noodling allows 'the listener to drift off into bliss', and Sleep Circle, a 're-recorded version of the 2012 project Sleep' by DG's in-house snoozemeister Max Richter. But the funny thing is that over the past year I've spent more on DG products than I have for decades. Like its competitors, the company is frantically mining its back catalogue. That isn't exciting: I don't need fancy new packaging for CDs I bought in the 1990s. But there are also recordings remastered by Emil Berliner Studios, named after the man who founded Deutsche Grammophon in 1898 – and the results are stunning. EBS revisits the peaks of DG's catalogue, going back to the master tapes to recover audio information that was lost because the original sound engineers didn't have the right technology to extract it, or messed things up at the mixing desk. Although many of these new remasterings have been issued as CDs, SACDs or downloads, the cream of the crop is available only as pure analogue vinyl. Trust me: you haven't really heard Karajan's Mahler Fifth until you've invested £80 in the 'Original Source' LPs and played them with the best stylus you can afford. But now EBS has worked a digital miracle that you can hear on any streaming service. The Lost Tapes is an album of four Beethoven sonatas performed by Sviatoslav Richter in 1965, recorded for possible release but then mysteriously forgotten for nearly 60 years. They are taken from live concerts in France and Switzerland in which we hear the pianist at the top of his form in terrific sound – a frustratingly rare combination. Richter felt suffocated by microphones and you can hear a lack of spontaneity in many of his studio recordings. In contrast, some of his supreme flights of imagination are found in live concerts captured by wretched equipment. For example, his legendary 1958 Sofia performance of Pictures at an Exhibition, praised by critics for its 'staggering breadth of colour' and 'frenzied grotesquerie', sounds muffled or strident, depending on how you twiddle the knobs. In 1960 Richter made his American debut with six concerts in Carnegie Hall. Gripped by stage fright, under heavy KGB surveillance, he tore through Beethoven and Prokofiev sonatas, Schumann's Novelletten and Rachmaninov Preludes with a mixture of savagery and feathery delicacy. The end of Beethoven's Appassionata comes so close to breaking the sound barrier that you scarcely notice the finger-slips. Alas, the microphone was in the hands of a clueless stagehand – and when Sony reissued the recordings on CD they drained the colour out of the abrasive but vivid LP originals. But I was lucky enough to stumble on a version beautifully renovated by an amateur from an internet forum, and that sent me down the rabbit hole of the vast Richter discography. Thanks to years of obsessive-compulsive collecting, I can compare the four Lost Tapes Beethoven sonatas – opuses 31 no. 3, 90, 101 and 110 – with other Richter performances. The last of these, in A flat major, represents a unique milestone in the composer's journey; Antony Hopkins once suggested that the transformation of the fugue subject into ecstatic rhapsody is the moment when Beethoven – and music itself – finally severed the shackles of the classical style. A fanciful theory, perhaps, but that's how Richter plays it, the final bars exploding with joy. Is it a finer performance than the one he recorded in Moscow in the same year? No – it's almost identical, and the same is true of Op. 101 in A major, which Richter described as 'horribly difficult… even riskier than the Hammerklavier'. To quote Jed Distler's liner notes on this previously lost tape, we hear a 'bracingly effortless traversal of the Finale', in which the pianist 'untangles the knotty counterpoint with insouciant ease'. Richter was on fire in 1965, and his achievement in Moscow is every bit as jaw-dropping. The difference is the sound; in all the sonatas the pounding of Richter's left hand jolts you out of your seat and his ability to sustain a whisper at lightning speed defies belief. It's hard to think of other Richter recordings in which technique and sound quality are so gloriously matched. We're told that Emil Berliner Studios removed the tiniest pitch fluctuations and audience noises, something that wouldn't have been possible until recently and other technicians probably couldn't replicate. So, all things considered, perhaps we should be grateful that some idiot at Deutsche Grammophon left these tapes gathering dust until precisely the right moment.
Yahoo
3 days ago
- Business
- Yahoo
Bernstein Remains Bullish on Dollar General (DG)
Dollar General Corporation (NYSE:DG) is one of the . In a report released on June 10, Zhihan Ma from Bernstein maintained a Buy rating on Dollar General Corporation (NYSE:DG) with a price target of $126.00. The rating followed the company's fiscal Q1 2025 earnings release on June 3, reporting a 5.3% growth in net sales to $10.4 billion. Dollar General Corporation (NYSE:DG) also reported a 2.4% rise in same-store sales compared to fiscal Q1 2024, while operating profit grew 5.5% to $576.1 million in the quarter. The increase in net sales was attributed to growth in same-store sales and positive sales contributions from new stores. Diluted EPS for fiscal Q1 2025 rose to $1.78, reflecting a 7.9% growth. A busy shopping aisle filled with discounted items in a retail store. The company also raised its financial guidance for fiscal 2025. Dollar General Corporation (NYSE:DG) now expects net sales growth of around 3.7% to 4.7%, compared to prior expectations of around 3.4% to 4.4%. It reiterated plans to execute approximately 4,885 real estate projects in fiscal year 2025, which includes up to 15 new stores in Mexico and around 575 new stores in the US. Dollar General (NYSE:DG) is a retailer that offers a diverse array of merchandise in its stores, including consumables, beverages, seasonal items, and more. While we acknowledge the potential of DG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
