UEC expects losses due to Philippine casino, gaming equipment businessesSrinagar, Dec 29: The technological revolution has transformed every aspect of human life. From food to pharmaceuticals, everything is now available at your fingertips. While the internet has made life easier, it has notably reduced the earning prospects of local shopkeepers in Kashmir. “The Internet took away 70 percent of our customers,” says Mehraj-ud-din, a cosmetic shop owner in downtown Kashmir. E-commerce portals provide various benefits like home delivery, easy returns, festive discounts, and seasonal sales. For many, the comfort of shopping from home outweighs the hassle of visiting a local market. “How can our small shops compete with giants like Amazon, Flipkart, and Myntra!” laments Manzoor Qadri, a Lalchowk electronic shop owner. Although companies like Zepto and Blinkit have yet to dominate the market for daily essentials in Kashmir, other online business giants have created loyal customer bases in both urban and rural areas. “The best service provided by online businesses is their return and refund policy. Local shops don’t give us any such service,” says Mehjabeena, a local online shopper. While digital business models have created favourable avenues for aspiring entrepreneurs, older shopkeepers often struggle to adapt. “I don’t know how to use computers and social media. I have never been to school,” says Muhammad Ismail, a 60-year-old textile shop owner. To address this digital divide, the Government of India has launched schemes like Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA) and National Digital Literacy Mission (NDLM) to promote digital literacy. The lack of digital education is more prevalent in rural areas. According to national data, 67 percent of the urban population uses the internet, while the percentage drops to 31 percent in rural areas. Beyond digital literacy, the lack of resources to build digital infrastructure remains an obstacle. “I have a small hosiery shop. How will I spend thousands of rupees for computer and internet services?” asks Bilal Ahmed Reshi, a local shopkeeper from uptown. Meanwhile, younger entrepreneurs in Kashmir are flourishing. “My whole business runs through Instagram,” says Aisha, a small boutique owner from uptown. In many cases, younger generations operate their enterprises solely through smartphones. The reluctance to embrace digital tools has become a primary factor in the declining sales of various age-old businesses. While digital media has undoubtedly helped businesses grow by leaps and bounds, necessary steps need to be taken to reduce the digital divide created by various factors on the ground.Willdan Group, Inc. ( NASDAQ:WLDN – Get Free Report ) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 396,100 shares, a decrease of 17.3% from the November 30th total of 478,800 shares. Based on an average daily trading volume, of 173,200 shares, the short-interest ratio is currently 2.3 days. Analyst Upgrades and Downgrades Several analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a research note on Monday, November 4th. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Read Our Latest Stock Analysis on Willdan Group Insiders Place Their Bets Institutional Investors Weigh In On Willdan Group Hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in Willdan Group during the second quarter valued at about $707,000. Lord Abbett & CO. LLC bought a new stake in shares of Willdan Group in the third quarter valued at approximately $15,608,000. Los Angeles Capital Management LLC raised its position in shares of Willdan Group by 28.9% in the third quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company’s stock valued at $2,248,000 after purchasing an additional 12,304 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Willdan Group during the 3rd quarter valued at approximately $2,970,000. Finally, Marshall Wace LLP boosted its holdings in Willdan Group by 52.9% in the 2nd quarter. Marshall Wace LLP now owns 78,110 shares of the construction company’s stock worth $2,253,000 after buying an additional 27,009 shares during the period. 72.29% of the stock is currently owned by institutional investors. Willdan Group Stock Performance Shares of Willdan Group stock opened at $38.41 on Friday. The business’s fifty day simple moving average is $42.80 and its 200 day simple moving average is $38.43. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group has a 12 month low of $17.23 and a 12 month high of $50.00. The firm has a market capitalization of $542.54 million, a P/E ratio of 23.56 and a beta of 1.36. About Willdan Group ( Get Free Report ) Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services. Further Reading Receive News & Ratings for Willdan Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willdan Group and related companies with MarketBeat.com's FREE daily email newsletter .
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Kwara govt pledges support for tech start-upsArteta wanted his team to prove their European credentials following some underwhelming displays away from home, and the Gunners manager got exactly what he asked for. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners had failed to win or score in their two away games in the competition so far this season, but they made a blistering start in the Portuguese capital and took the lead after only seven minutes. Declan Rice fed overlapping full-back Jurrien Timber, who curled a low cross in behind the home defence for Martinelli to finish at the far post. Arsenal doubled their lead in the 20th minute thanks to a glorious ball over the top from Thomas Partey. Saka escaped the clutches of his marker Maximiliano Araujo to beat the offside trap and poke the ball past advancing goalkeeper Franco Israel for Havertz to tap home. It was a scintillating first-half display which completely overshadowed the presence of Viktor Gyokeres in Sporting’s attack. The prolific Sweden striker, formerly of Coventry, has been turning the heads of Europe’s top clubs with his 24 goals in 17 games this season – including a hat-trick against Manchester City earlier this month. But the only time he got a sniff of a run at goal after an optimistic long ball, he was marshalled out of harm’s way by Gabriel. David Raya was forced into one save, tipping a fierce Geovany Quenda drive over the crossbar. But Arsenal added a third on the stroke of half-time, Gabriel charging in to head Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. Former Tottenham winger Marcus Edwards fired over, as did Gyokeres, with Arsenal temporarily on the back foot. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved, and Gyokeres’ miserable night was summed up when his late shot crashed back off the post.
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