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ITCs Q1 profit grows 1269 to Rs 3437 crore

first_imgNew Delhi: Diversified conglomerate ITC Ltd on Friday reported a 12.69 per cent rise in its consolidated net profit at Rs 3,436.51 crore for the first quarter ended June 2019, driven mainly by FMCG and agri-business segments. The company had posted a net profit of Rs 3,049.38 crore in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 12,532.31 crore as against Rs 11,745.68 crore in the corresponding period a year ago, higher by 6.69 per cent, ITC said in a regulatory filing. Also Read – Thermal coal import may surpass 200 MT this fiscal”The company posted a steady performance during the quarter amidst sluggish demand conditions. Gross revenue for the quarter stood at Rs 11,361.35 crore, representing a growth of 6 per cent, driven mainly by paperboards, hotels and FMCG-others (excluding the lifestyle retailing business),” said ITC. Total expenses for the said period were at Rs 8,113.67 crore as compared with Rs 7,667.62 crore, up 5.81 per cent. During the quarter, revenue from total FMCG business was up 6.76 per cent to Rs 9,209.99 crore as against Rs 8,626.61 crore in the year-ago period. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostTotal FMCG business comprises segments like cigarettes and FMCG-others. Revenue from cigarettes stood at Rs 6,141.92 crore in the April-June quarter, up 6.83, as against Rs 5,748.86 crore in the corresponding period last fiscal. While revenue from FMCG-others segment rose 6.61 per cent to Rs 3,068.07 crore as against Rs 2,877.75 crore. “The FMCG-others segment delivered a resilient performance during the quarter amidst a marked slowdown in the FMCG industry across urban and rural markets, ” said ITC. FMCG-others segment of ITC consists of branded packaged foods as staples, snacks, meals, dairy and beverages, confections, apparel, education and stationery products, personal care products, safety matches and incense sticks. ITC’s hotel business was up 13.90 per cent to Rs 411.60 crore during the quarter as compared to Rs 361.35 crore in the corresponding period last fiscal. “The business recorded a steady performance with segment revenue growing by 15 per cent during the quarter driven by the recently commissioned hotels,” said ITC. However, it also added “the performance of existing hotels was relatively subdued due to slowdown in the conferences and banqueting segment”. Revenue from agri-business segment moved up 14.58 per cent to Rs 3,622.40 crore as against Rs 3,161.39 crore in the June quarter of the previous fiscal.last_img read more

US locked and loaded to punish those responsible for attack on key

first_imgWashington: The US is “locked and loaded” to respond to the unprecedented drone strikes on key Saudi oil facilities, President Donald Trump has warned, a day after his top diplomat blamed Iran for the crippling attack that has led to the biggest surge in crude oil prices since the Gulf War. The attacks on Saturday targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US Iran has denied involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen. US Secretary of State Mike Pompeo blamed Iran for the attack, without providing any evidence, prompting Tehran to accuse Washington of deceit. Tweeting on Sunday, President Trump stopped short of directly accusing Iran, but suggested possible military action once the perpetrator was known to his administration. “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!” Trump said. Also Read – Record number of 35 candidates in fray for SL Presidential polls Trump’s tweet, which appeared to raise the specter of a US military response, served to ratchet up tensions in a region already on edge after the audacious attack on the Saudi oil field. Trump used similar language in June when he announced he had called off an attack on Iran just as the US was “cocked & loaded” to strike because he decided it would cause too many deaths for a proportionate response to Tehran’s downing of a US drone. The coordinated strikes on key Saudi Arabian oil facilities disrupted 5 per cent of the daily global oil supply. The attacks sent oil prices sky-rocketing on Monday, with Brent futures up USD 12 — or nearly 20 per cent — in the first few minutes of business, while West Texas Intermediate (WTI) jumped more than USD 8, or 15 per cent, AFP reported. It was the biggest rise since the 1990-1991 Gulf War, it said. Though Trump did not name Iran in his tweet, the attack has caused another spike in tensions between the US and Tehran. Prior to Saturday there were signs the US appeared open to new negotiations and even a potential meeting later this month between Trump and Iranian President Hassan Rouhani in New York on the sidelines of the UN General Assembly session. A day after Secretary of State Pompeo blamed Iran for the attack on Saudi oil facilities and argued there is “no evidence the attacks came from Yemen,” a senior Trump administration official briefed CNN on information to back up Pompeo’s claims. Pompeo did not provide evidence, but the official pointed to satellite imagery provided to CNN showing the oil facilities were struck from the northwest, suggesting an attack from Iraq or Iran, among other information. Iran’s foreign minister Javad Zarif took to Twitter to issue a similar denial. “Having failed at “max pressure”, @SecPompeo’s turning to “max deceit,” Zarif wrote. “US & its clients are stuck in Yemen because of illusion that weapon superiority will lead to military victory. Blaming Iran won’t end disaster. Accepting our April ’15 proposal to end war & begin talks may.” The Trump administration official pointed to the angle at which Saudi oil facilities were attacked, the numbers of points of impact and other information to argue that it is unlikely the attacks were carried out by Yemen. Instead, the official suggested the attack most likely originated in Iran or Iraq. “It is very difficult to see how these things could have come from anywhere but Iran or Iraq,” the official said. The official said 19 Saudi targets were struck in Saturday’s attack and argued that such an attack could not be carried out with 10 drones, which the Houthis claimed to have used. “You can’t hit 19 targets with 10 drones like that,” the official said. The official, drawing on commercial satellite imagery shared with CNN, also noted that “all the points of impact on Saudi facilities were on the northwest side of them, which is somewhat difficult to do from Yemen.” The official could not say whether it is possible drones from Yemen could have angled around to attack northwest facilities. Officials quoted by the New York Times said a mix of drones and cruise missiles might have been deployed, but that not all hit their targets at Abqaiq and the Khurais oilfield. The ABC News quoted a senior US official as saying that Trump was fully aware that Iran was responsible. Earlier on Sunday, White House senior counsellor Kellyanne Conway said Trump has “many options on the table” when it comes to responding to the strike on Saudi Arabia’s oil production facilities. “The President will always consider his options,” Conway said on “Fox News Sunday” when asked if Trump would still sit down with Rouhani under current circumstances. “We’ve never committed to that meeting at the United Nations General Assembly. The President’s just said he’s looking at it,” she said.last_img read more

YOUTUBE ORDERS EONE NEONOIR THRILLER PILOT DARK CARGO FROM EXECUTIVE PRODUCER BEN

first_img Facebook YouTube Premium has ordered “Dark Cargo,” a neo-noir thriller pilot from Entertainment One (eOne), Counterfeit Pictures and SEVEN24 Films.The pilot is written by “Sneaky Pete” alums Adam and Max Reid and will be executive produced by Ben Stiller and Nicky Weinstock under their Red Hour Productions banner. The project hails from studio eOne.Here’s the official logline for the pilot: “Dark Cargo” is a high-octane, cliffhanger-driven, neo-noir thriller set in the big rig cab of Joe Dobbs as he traverses the darkest nights of his life. What begins as a random encounter with a disturbed stranger turns into a race against time, the police, and even more malevolent forces. All the while, Joe just wants to get back to his family. Advertisement Advertisement No casting details have been released for the pilot, which, if ordered to series, will join a growing slate of originals at YouTube Premium, including “Karate Kid” spinoff series “Cobra Kai” and the Tom Felton and Natalia Tena-led “Origin.”Along with this project, Adam and Max Reid are currently writing the pilot for “Ice Cream Man” for Universal Cable Productions and Good Fear. They are repped by WME and The Cartel.By Jennifer Maas | The Wrap Ben Stiller (Getty Images)center_img Twitter Login/Register With: Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more

Jameis Winstons Character Concerns Are No Concern For Buccaneers

Jameis Winston’s arc to the No. 1 pick in the NFL Draft is more like a trek through dangerously rugged terrain. That he made it to the other end, smiling, is as much an accomplishment as being taken by the Tampa Bay Buccaneers first overall.Winston’s talent was never in question—it was all about his character. And in today’s NFL world of multi-million-dollar investments and politically correctness, character concerns are more damning than if he can read a “Cover 2.”The Bucs insist they exhausted themselves looking at Winston’s past: the sexual assault allegations, the “stealing” crab leg saga, the yelling an obscenity on campus situation. . . and the former Heisman Trophy-winning quarterback came out clean.This is major. Usually, once a player projects the perception that he is drama, it becomes a label, a tattoo, a permanent fixture. Winston has not breached the label plateau, but he hovers on the precipice, especially when he does what he did Thursday night.After being selected, he posted a photo posing with crab legs, a dig at the naysayers, no doubt. He can take photos with whom he wants. But considering his background, that probably was not the tactful thing to do.“I’ve got to work,” Winston said Thursday night. “Actions speak so much louder than words, or what they may have read or what they may have heard. It’s about your actions. Whatever is in the past is in the past. I look forward to gaining everyone’s trust.”Winston was accused of sexual assault during his freshman season at Florida State but never was charged. “I have been cleared six times,” he said. “I’ve been cleared six times on that situation. So I took that situation so seriously. But, at the end of the day, I’ve got to keep moving forward. That’s why I’m so thankful.”Jason Licht, the team’s general manager, said they gave Winston the once-over more than once. His take away?“Not only were we comfortable with him and his character, we were confident with his character,” Licht said. “We think that his character that he brings to the locker room and the building is a strength. That’s one of the things that makes him a great player.”Lovie Smith, the coach, said he considers Winston a typical young man off the field and extraordinary on it.“I know a lot of things have been said about him,” Smith said. “He’s made some mistakes that young people make from time to time when they’re young. I definitely don’t think that I’ve seen a pattern. Once you get to know him, I just really believe in him. I trust my instincts on people to know who we’re getting.”They’d better be right. Using the No. 1 pick on a failure can be catastrophic to a franchise. Winston, however, showed something that is hard to measure: With all the questions about his character and legal drama swirling around him, he did not flinch on the field.He played outstanding football in rallying the Seminoles. He was a leader. He was tough. He was a supportive teammate. He won.“He’s a champion,” Licht said. “He’s a leader. He’s a winner. He’s got tremendous football character and tremendous intelligence and work ethic. His work ethic was one thing that really put him over the top for us, combined with his leadership and his ‘it’ factor, as well as his ability on the field.”Cleared of the difficult terrain, maybe now Winston can craft an NFL arc that is devoid of scandal. It’d be nice to see him play without distraction. What a novel idea. read more

Honoring those who served on the USS Midway on National Vietnam Veterans

first_imgHonoring those who served on the USS Midway on National Vietnam Veterans Recognition Day 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave Settings KUSI Newsroom March 29, 2019 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Today March 29th is National Vietnam Veterans Recognition Day. President Trump signed into law the Vietnam War Veterans Recognition Act of 2017 declaring today a day set aside to honor all those who answered our nation’s call to duty in Vietnam.KUSI’s Ginger Jeffries spent the morning aboard the USS Midway to learn more about the role the Midway played during the Vietnam War.Retired Navy Fighter Pilot and USS Midway Museum docent Larry Renner joined KUSI to celebrate Vietnam veterans. Updated: 10:27 PM Categories: Local San Diego News FacebookTwitter KUSI Newsroom, Posted: March 29, 2019last_img read more

Twitter Rolling Out Analytics Tool

first_imgIn the last five years, Twitter has grown to 100 million monthly users, says the company, with about half of them logging in at least once a day. The analytics tool was debuted at the TechCrunch Disrupt event where Twitter’s director of Web business development April Underwood said the platform is driving 100 million clicks per day to sites across the Web, reports TechCrunch’s Leena Rao.Underwood told attendees that the analytics tool will be free. The company also plans to make the Twitter Web Analytics API available to developers to incorporate it into their products.TechCrunch has video from Underwood’s announcement at the Disrupt show. On Tuesday Twitter announced that it’s launching a new analytics tool that will initially be available to a select group of partners as a pilot program, but will be made available to everyone in the “next few weeks.”The tool will enable Web site developers to more accurately measure Twitter traffic referrals and how well the Twitter features they’ve integrated into their sites are performing.The tool is essentially the result of Twitter’s acquisition of BackType in July. According to the company’s announcement yesterday, the tool will have three core functions: the ability to understand how content is being shared across Twitter; the ability to measure the traffic Twitter is sending to a site; and measuring the effectiveness of the Tweet button integration.last_img read more

Faruq spreads literacy in remote villages

first_imgFaruq Hossain. Photo: Prothom Alo“I won’t spend excesively or buy expensive clothes. I’ll spend one fourth of my salary on education for children of poor families.” Armed with this oath, 32-year-old Faruq Hossain has been working in a remote area of Dinajpur sadar upazila for the last 10 years.Faruq is from Malipukur village in Auliapur union of Dinajpur sadar upazila. He is an assistant to a truck driver of Bangladesh Agricultural Development Corporation (BADC).He spends 25 per cent of his monthly salary of Tk 14,900 for the education of poor people’s children. He takes care of his four-member family, comprising himself, his mother Sanwara Begum, wife Sabera Akhter and two-and-a-half-year-old son Sabbir Hossain with rest of the money.Faruq distributes education material among the students every Friday and Saturday. He also has set up a centre for educating adults at his house.In recognition of his initiatives, Faruq was awarded by the prime minister Sheikh Hasina on 13 March this year.The Malipukur village is 4.5 kilometres away off Dinajpur sadar upazila. On 10 February, the Prothom Alo correspondents visited Faruq’s home. He lives in a dilapidated mud-house. Relatives said Faruq’s father Mahbub Hossain passed away in 2006. He was a labourer at BADC. Faruq also joined as a labourer at BADC in 2002.All the labourers used to draw their wages with thumbprints as they were not literate and could not sign their names. Faruq studied up to the eighth grade. He started educating his fellow workers so that everyone would be able to sign their names to draw their wages.Saving his pocket-money along with some taken from his father, Faruq bought 200 taka worth of pens and papers for the labourers. Gradually he imparted basic literacy to all of them. Delighted, a driver Naresh Chandra taught Faruq how to drive. Faruq then joined as a temporary driver at the office of the deputy director of BADC in Rajshahi in 2007. Later on 16 July that year, he was appointed as an assistant to the truck driver and transferred to Rangpur BADC office. Since then, he is working as a driver of BADC joint director (seed processing centre) AFM Saiful Islam.Unlike others, Faruq did not stop there. “I had a dream to be self-sufficient after completing my studies. But poverty cut my dreams short when I was an eighth grader at Cheradangi High School. That’s why I decided to help those who could not continue studying due to poverty,” said Faruq to Prothom Alo.Faruq said the studies of Nur Islam from Kashimpur Mahanpara village came to a halt due to lack of education material and proper clothes in July 2008. He went to Nur Islam’s home and gave his mother 3000 taka. Nur Islam is now a student at Dinajpur Government College.In December that year, Faruq held a meeting with the seniors of the village. He told them he would not eat paan (betel leaf), smole cigarettes or buy expensive clothes. Instead he will help students from poor families. In 2009, he bought education material and clothes for 20 students with 25 per cent of his salary and admitted them to school. As of now, Faruq said, he has helped almost 2,000 students of the union.Ninth grader Zahid Hossain, eighth grader Amena and seventh grader Abdus Sattar at Cheradangi High School are some of the students from poor families who received Faruq’s help.When Sima Akhter from Malipukur village was a fifth grader, her father Samirul Islam went missing. Her mother arranged her marriage after three months. But the marriage was halted when Faruq pledged to take care of her education. Sima is now an eighth grader at Sikderganj Girls High School.“Faruq uncle has given me a new life. I want to be a physician,” Sima told Prothom Alo.Another student of Sikderganj Girls High School, Tanjila Khatun, showing her schoolbag, said, “Faruq uncle has bought this for me. He also has given me money for private tuition.”The school’s head teacher of Zakir Hossain said, “Faruq has been showing us the potential of dropout students. He also works to raise awareness to keep the village free of drugs and to ensure road safety. He also plants trees to keep the environment cool.”Kashimpur Government Primary School’s head teacher Jalal Uddin said, “Faruq distributes pens, pencils, papers and other stationery to students of different schools twice in a month. He also goes to the house to inquire if any student remains absent at school. This is why cent per cent children of Kashimpur attend school.”Faruq uses his bicycle to go from one school to another. There are several awareness raising stickers stuck to his bicycle against taking drugs, for road safety and against child marriage, etc.Mousumi Khatun was married off when she was an eighth grader. Her in-laws were against her studies. Faruq persuaded her in-laws to allow her to study and took charge of Mousumi’s education.“The dreams of many girls like me are being fulfilled thanks to Faruq uncle. Now I’m studying in college,” Mousumi said.Auliapur union parishad chairman Abdur Razzak considers Faruq a social welfare activist. He was recognised as such on 13 March this year when the prime minister Sheikh Hasina handed over a medal at a programme organised marking National Primary Education Week at Bangabandhu International Conference Centre in Dhaka.Adult education centre at homeFaruq has opened an adult education centre at home where his wife Sabera Akhter teaches adults of the village.Faruq married Sabera of Boaldhar village in Baliadangi of Thakurgaon in 2010. She was a ninth grader then.“I resumed studies upon Faruq’s insistence. In 2011, I took up diploma in agriculture at KBM College in Dinajpur. Now I’m a bachelor degree student at Open University,” Sabera told Prothom Alo.An older woman Shirin Akhter said there was no one in the village who cannot write his/her name.“Maybe Faruq has not given us material wealth, but we’re living with honour for his efforts,” Sabera said.Faruq said he does not work for awards. “I started working so that no one of my area lives in the darkness of illiteracy. This will continue until the dropout rate comes down to zero.”*The report appeared in the print edition of Prothom Alo and has been rewritten in English by Shameem Rezalast_img read more