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The Madhya Pradesh High Court has stayed the annual general meeting (AGM) of Religare Enterprises until further notice following a writ petition filed by an investor. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping In a stock exchange filing, the New Delhi-based financial company said it had received an email from the lawyers of the writ petitioner filed before the court in Jabalpur. Religare's annual general meeting to get the shareholders' nod for three resolutions including the reappointment of chairperson Rashmi Saluja was scheduled for December 31. The order dated December 18 said, "Till further orders, the notice dated 09.12.2024 and the Annual General Body Meeting of Respondent No. 7 (REL), which is scheduled to be held on 31.12.2024, shall remain stayed." The petition by the investor alleged that if the AGM took place as scheduled, it would enable the acquirers (the Burmans) to exploit their dominant shareholding and change Religare's management. 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Last week, the Securities and Exchange Board of India (Sebi) approved the Burman family's proposed open offer to acquire an additional 26% stake in Religare. Earlier this month, the Reserve Bank of India (RBI) also gave its approval to the offer by the promoter family of Dabur . "It is verily believed they would ensure that a more pliant management is put in place which would not interfere with their open offer since much opposition has been made by the present management, who have, inter alia, raised issues of undervaluation of the offer price," said the writ petition. Proxy advisory firm InGovern Research Services, which advised shareholders of Religare to vote against the reappointment of Saluja as a director, termed the court order "bizarre". "It's bizarre that the HC is intervening in an issue based on an RBI order, given RBI is an independent regulator," said Shriram Subramanian, founder and MD of InGovern Research. "The decision to block the AGM is illogical, as it makes the company non-compliant with the Companies Act." In August, Religare deferred its AGM from September to December. Following this, the Burman family filed a petition with the Delhi High Court against the Registrar of Companies (RoC) and Religare for delaying the AGM. The Religare management led by Saluja has been opposed to the open offer by Burmans, owner of consumer firm Dabur, citing concerns over a low offer price and "fit and proper" allegations. The open offer, announced at ₹235 per share, amounts to ₹2,116 crore in all for the additional stake. If successful, it would raise the Burman family's total stake in the New Delhi-based NBFC to well above 50%, effectively granting it majority control. (You can now subscribe to our Economic Times WhatsApp channel )South Korea FX Reserves fell from previous 415.7B to 415.39B in November
KANSAS CITY, Mo. — A Missouri judge on Monday upheld the state’s ban on gender-affirming care for minors, allowing the state to continue prohibiting treatments such as hormone therapy and puberty blockers for people under 18. Circuit Court Judge Robert Craig Carter from southern Douglas County wrote in a 74-page order on Monday that the ban was constitutional. The ruling rejects a lawsuit brought on behalf of families of trans youth, medical providers and national LGBTQ advocacy organizations. In addition to ruling that the ban was constitutional, Carter went a step further, finding that there was “an almost total lack of consensus as to the medical ethics” of treating adolescent gender dysphoria, which is typically defined as the feeling of distress when a person’s gender identity does not match their sex assigned at birth. “The evidence at trial showed severe disagreement as to whether adolescent gender dysphoria drug and surgical treatment was ethical at all, and if so, what amount of treatment was ethically allowable,” Carter wrote in the order. Carter’s ruling comes after a nine-day trial that concluded in Jefferson City last month. The trial and lawsuit centered on a law that the Republican-controlled General Assembly passed and Gov. Mike Parson signed into law in 2023. The law, which took effect in August 2023, bans gender transition surgeries on minors and imposes a three-year moratorium on hormone therapy and puberty blockers unless the patients were already receiving the medications. The legislation also affects adults, prohibiting Missouri Medicaid dollars from covering gender-affirming care and bans prisons and jails from providing gender-affirming surgeries. The ban was part of a nationwide push to regulate the lives of transgender people and has sparked fear in Missouri’s transgender community, prompting some to leave the state. The Kansas City-area was at the center of the fight, with transgender residents straddling two states that sought to restrict their rights. The ACLU of Missouri and the national LGBTQ civil rights law firm Lambda Legal, representing the plaintiffs in the lawsuit, sharply criticized the ruling in a joint statement. The two groups said they planned to appeal. “The court’s findings signal a troubling acceptance of discrimination, ignore an extensive trial record and the voices of transgender Missourians and those who care for them, and deny transgender adolescents and Medicaid beneficiaries from their right to access to evidence-based, effective, and often life-saving medical care,” the groups said in the statement. The lawsuit alleged the ban violated the Missouri Constitution by discriminating against trans patients on the basis of sex and their trans status, and deprives parents of a fundamental right to seek medical care for their children. The law also forces medical providers to choose between abandoning their patients or keeping their medical licenses, according to the suit. Carter disagreed, upholding the law on all counts, according to his order. Republican Attorney General Andrew Bailey’s office defended the law in court. The ban came after Bailey had previously attempted to severely restrict gender-affirming care by issuing a regulation, leading even some Republicans to question its legality. He eventually abandoned that effort after lawmakers approved the ban. Bailey and other Republicans have regularly framed restrictions on gender-affirming care as necessary to protect children, an argument Bailey reiterated after Monday’s ruling. “Mutilation is not healthcare,” Bailey wrote on social media on Monday. “We will never stop fighting to protect your children.” Bailey’s office put out a release later in the day, saying he was proud of the work his office put in to “shine a light on the lack of evidence supporting these irreversible procedures.” “We will never stop fighting to ensure Missouri is the safest state in the nation for children,” Bailey said.Need for electoral reforms before local government/PC elections
Ratings for Workday WDAY were provided by 17 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 7 4 0 0 Last 30D 0 1 0 0 0 1M Ago 3 3 3 0 0 2M Ago 0 0 0 0 0 3M Ago 3 3 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $295.12, a high estimate of $340.00, and a low estimate of $242.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.07%. Diving into Analyst Ratings: An In-Depth Exploration A clear picture of Workday's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Brian Schwartz Oppenheimer Maintains Outperform $300.00 $300.00 Keith Weiss Morgan Stanley Raises Overweight $330.00 $315.00 Yun Kim Loop Capital Lowers Hold $242.00 $270.00 Raimo Lenschow Barclays Lowers Overweight $305.00 $314.00 Brad Sills B of A Securities Lowers Buy $285.00 $310.00 Scott Berg Needham Maintains Buy $300.00 $300.00 Brent Bracelin Piper Sandler Lowers Neutral $270.00 $285.00 Scott Berg Needham Maintains Buy $300.00 $300.00 Allan Verkhovski Scotiabank Announces Sector Outperform $340.00 - Yun Kim Loop Capital Raises Hold $270.00 $255.00 Steven Enders Citigroup Lowers Neutral $270.00 $274.00 Patrick Walravens JMP Securities Maintains Market Outperform $315.00 $315.00 Kash Rangan Goldman Sachs Raises Buy $305.00 $300.00 Daniel Jester BMO Capital Maintains Outperform $300.00 $300.00 Scott Berg Needham Lowers Buy $300.00 $350.00 Brent Bracelin Piper Sandler Maintains Overweight $285.00 $285.00 David Hynes Canaccord Genuity Maintains Buy $300.00 $300.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Workday compared to the broader market. Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Workday's stock. This examination reveals shifts in analysts' expectations over time. Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table. Stay up to date on Workday analyst ratings. Discovering Workday: A Closer Look Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California. Financial Insights: Workday Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity. Revenue Growth: Workday displayed positive results in 3 months. As of 31 October, 2024, the company achieved a solid revenue growth rate of approximately 3.6% . This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector. Net Margin: Workday's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.94% net margin, the company effectively manages costs and achieves strong profitability. Return on Equity (ROE): Workday's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.27%, the company may face hurdles in achieving optimal financial performance. Return on Assets (ROA): Workday's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.18%, the company may face hurdles in generating optimal returns from its assets. Debt Management: Workday's debt-to-equity ratio is below the industry average at 0.39 , reflecting a lower dependency on debt financing and a more conservative financial approach. How Are Analyst Ratings Determined? Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Maharashtra Election 2024 Live Updates: Sarvankar vs Thackeray – Who will triumph in Mahim?“Y.M.C.A.” singer and co-writer Victor Willis of the band Village People revealed why he allowed President-elect Donald Trump to continue to use the song. He also dispelled the notion that it is a gay anthem. In a Monday , he noted that he wrote 100 percent of the lyrics for the popular 1978 disco song, while the late French music producer Jacques Morali wrote the music. “Since 2020, I’ve received over a thousand complaints about President Elect Trump’s use of Y.M.C.A. With that many complaints, I decided to ask the President Elect to stop using Y.M.C.A. because his use had become a nuisance to me,” Willis wrote. “However, the use continued because the Trump campaign knew they had obtained a political use license from BMI and absent that license being terminated, they had every right to continue using Y.M.C.A. And they did,” he continued. BMI enforces . When other artists began withdrawing Trump’s right to use their songs at his rallies, Willis recounted that he told his wife, who is the Village People’s manager, that Trump seemed to genuinely like “Y.M.C.A.” “As such, I simply didn’t have the heart to prevent his continued use of my song in the face of so many artists withdrawing his use of their material,” he explained. Victor Willis, the singer behind YMCA, has released a message thanking President Trump for dancing to his song. He said the song has “benefited greatly” from Trump’s use. Willis also reiterated that the song is not a gay anthem and may sue news outlets calling it gay. “Sadly,... — George (@BehizyTweets) “So I told my wife to inform BMI to not withdraw the Trump campaign political use license,” he wrote. Meanwhile, Willis’s French partners, who apparently own Morali’s rights to the song, also agreed not to get involved. And it’s been a financial windfall for all involved, according to Willis. “Y.M.C.A. has benefited greatly from use by the President Elect. For example, Y.M.C.A. was stuck at #2 on the Billboard chart prior to the President Elect’s use,” he pointed out. “Y.M.C.A.” on the chart in February 1979. “However, the song finally made it to #1 on a Billboard chart after over 45 years (and held on to #1 for two weeks) due to the President Elect’s use,” Willis wrote. reported “Y.M.C.A.” was climbing up the charts as Election Day approached last month and hit the No. 1 spot starting the week of Nov. 17. The Trump dance to the song became a social media phenomenon this fall. Trump’s YMCA dance becomes global phenomenon. 🪩🕺🏼 — Oli London (@OliLondonTV) “The financial benefits have been great as well as Y.M.C.A. is estimated to gross several million dollars since the President Elect’s continued use of the song. Therefore, I’m glad I allowed the President Elect’s continued use of Y.M.C.A. And I thank him for choosing to use my song,” Willis said. He also dispelled the notion that “Y.M.C.A.” is a “gay anthem.” “There’s been a lot of talk, especially of late, that Y.M.C.A. is somehow a gay anthem. As I’ve said numerous times in the past, that is a false assumption based on the fact that my writing partner was gay, and some (not all) of Village People were gay, and that the first Village People album was totally about gay life,” he wrote. “This assumption is also based on the fact that the was apparently being used as some sort of gay hangout...[therefore] the song must be a message to gay people,” Willis added. “To that I say once again, get your minds out of the gutter. It is not.” He pointed out that when he wrote the lyrics “hang out with all the boys” that was “simply 1970s black slang for black guys hanging-out together for sports, gambling or whatever. There’s nothing gay about that.” The Trump Dance has taken over social media and families everywhere are celebrating Trump’s victory this Thanksgiving 🇺🇸🔥 — TONYTM (@TONYxTWO) Willis argued calling “Y.M.C.A.” a gay anthem is “defamatory” and “damaging to the song.” He concluded, “The true anthem is Y.M.C.A.’s appeal to people of all [stripes] including President Elect Trump.” We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. .After two grand final losses in the past three seasons, John Longmire is set to quit as Sydney Swans coach. Longmire, 53, is expected to confirm the news at a 1.30pm press conference, ending his 15-year coaching stint at the Swans. Senior assistant Dean Cox, who knocked back offers to join his old club West Coast after Adam Simpson was sacked, could be at the head of the queue to replace Longmire. The news comes with players back in pre-season training after the Swans were smashed by the Brisbane Lions in the AFL grand final. It was a fourth grand final loss for Longmire as coach, going down in 2014, 2016, 2022 and 2024. Longmire also tasted premiership success in 2012 among his 194 wins in 334 games in charge after taking over from Paul Roos. Longmire was contracted for the 2025 season but in the wake of the grand final humiliation, having finished the season on top of the ladder, questions were being asked about his ongoing tenure. The Swans will address the situation on Tuesday afternoon. More to come Originally published as Sydney Swans coach John Longmire quits after second grand final loss in three years