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New Delhi : The Indian electronics sector is poised for significant growth, with projections indicating the creation of 12 million jobs by 2027 , according to a recent report by TeamLease Degree Apprenticeship . This includes 3 million direct jobs and 9 million indirect roles , showcasing the sector’s potential to drive economic development and employment opportunities. Also Read: Tata Group to create 5 lakh manufacturing jobs over next half decade The report outlines the distribution of direct employment opportunities: Additionally, 9 million indirect jobs will stem from non-technical roles, underlining the broad impact of the electronics industry on India’s job market. India’s electronics industry aims to achieve $500 billion in manufacturing output by 2030 , requiring a five-fold growth over the next five years. Currently, domestic production is valued at $101 billion , with contributions from key segments: Emerging areas like automotive electronics (8%) , LED lighting (3%) , wearables and hearables (1%) , and PCBAs (1%) offer immense potential for growth. “India’s electronics sector, currently contributing 3.3% to global manufacturing and 5.3% to India’s total merchandise exports in FY23, is swiftly transforming into a global electronics hub,” said Sumit Kumar , Chief Strategy Officer at TeamLease Degree Apprenticeship. Despite its modest 4% participation in global value chains , the sector has substantial room for growth by advancing from assembly to design and component manufacturing. As employment opportunities surge, a multi-pronged strategy focusing on apprenticeships, reskilling, and upskilling is essential. With Industrial Training Institutes (ITIs) currently operating at only 51% enrollment , enhancing capacity through employer-led initiatives, Work-Integrated Learning Programs (WILP) , and degree apprenticeships is crucial. “Employers can bridge the skills gap by establishing in-house training centers and partnering with academia,” the report noted. India’s electronics sector has experienced rapid expansion thanks to initiatives like: “These policies have catalyzed the sector’s growth, laying the foundation for a future-ready workforce,” added AR Ramesh , CEO of TeamLease Degree Apprenticeship.
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INDEPENDENCE, Ohio – Children at Independence Primary School were excited to welcome four-legged police officers to their lessons as they were visited by brand new K9 police dogs. The special visit by the newly graduated dogs which have just completed a six-week training course took place earlier this month. Students were able to interact with the dogs and learn about the work they will be doing with Independence Police Department. A statement said: “Students got an up-close look at the training, skills, and teamwork between police officers and their loyal K9 companions, making for an unforgettable and inspiring school day.” The latest inductees into the National Honor Society at Independence High School Submitted by Independence Local Schools Independence High School celebrates National Honor Society induction A special ceremony at Independence High School marked the latest induction of students into the National Honor Society. Led by the students, the ceremony focused on the four pillars underpinning the society – character, scholarship, leadership and service. Principal Michael Janatovich delivered the welcome remarks, highlighting the prestigious standards of the organization, and Alexandria Velez, the IHS National Honor Society President, provided the introduction, explaining the meaning and significance of NHS membership. The newly inducted students are: Joanna Albady, Matilda Averre, Samuel Bernhardt, Allison Bohrer, Gianna Carlucci, Lauren Dalrymple, Matthew Dubitsky, Landon Eichler, Emily Gibbons, Rebecca Gibson, Anna Firmasek, Brooke Godsnow, Matthew Jirmasek, Samantha Kandzer, Lindsey Lien, Matthew Liepert, Gianna Londrico, MaryAnne LeRoy, Tate McGovern, Madelyn Mudra, Nora Olexa, Sofia Pichert, James Panichi, Tatiana Randjclovic, Liam Riemerth, Anderson Sears, Matthew Shamblen, Giada Spisak, Lucy Spencer, Gabrielle Tokich, Brooke Vollman, Grady Wachs, and Haley Wilson. Marshmallows and spaghetti were the building materials of choice for second graders at Independence Primary School Submitted by Independence Local Schools Budding engineers demonstrate their building skills with spaghetti Equipped with spaghetti and marshmallows, second graders at Independence Primary School set about building the tallest towers they could design. The future engineers were involved in a STEM challenge that showed learning could be fun – and delicious. The Marshmallow Spaghetti Tower Challenge encompassed essential life skills of teamwork, creativity and problem solving as the youngsters discovered how to resolve problems like structural stability and balance as they competed to build the tallest freestanding tower. “It was amazing to watch our second graders approach this challenge with such enthusiasm and creativity,” said design technology teacher Kerry Morosko. “They learned that success comes from working together, being patient, and not being afraid to try new ideas.” She added: “The Marshmallow Spaghetti Tower Challenge isn’t just a fun activity, it’s a hands-on way to introduce young learners to basic engineering concepts, spatial reasoning, and the importance of perseverance.”Home | Sacked AmaZulu premier claims King was under pressure to oust him Axed AmaZulu Traditional Prime Minister Reverend Thulasizwe Buthelezi says King Misuzulu Ka Zwelithini once notified him that he was under immense pressure from certain provincial leaders to remove him from his position . Buthelezi says he learnt about his removal on Friday on social media in a statement said to be released by the King. Addressing the media Buthelezi says he is yet to confirm the authenticity of the decision and the reasoning behind his removal. “His Majesty has told me personally that he has been under a lot of pressure to part ways with me, he has been under a lot of pressure for the past few months, so if things come to a head now, it’s not surprising because there has been a lot of pressure from very senior leaders in this province.” Axed AmaZulu Traditional Prime Minister Reverend Thulasizwe Buthelezi briefs the media Cultural expert Sihawu Ngubane says it is important for the King to appoint a successor. “The king’s decision to remove reverend Buthelezi underscores the complexities and sensitivity in the relationship between the Zulu monarch and political entities in South Africa. His role as the prime minister is intended to uphold the relation between the monarch and the government. His role is deeply rooted in the Zulu customs symbolizing a vital need between the Zulu monarch and the people and also Amakhosi. But it is going to be pivotal for the king to appoint the successor so that there is no vacuum.” Cultural Expert, Professor Musa Xulu says Reverend Thulasizwe Buthelezi’s dismissal might be politically motivated Cotralesa welcomes axing of Prime Minister The traditional leaders’ organisation, Contralesa, says they welcome the axing of the amaZulu Prime Minister, The Reverend Thulasizwe Buthelezi. Contralesa president, Kgosi Mathupa Mokoena says Buthelezi failed to execute his duties as expected. Mokoena says they will welcome anyone who will be appointed to replace Buthelezi. “Contralesa notes the axing of Reverend Thulasizwe Buthelezi as the prime minister of the Zulu nation. We respect and welcome the move by his majesty King Misizulu. Contralesa is not surprised by this action by his majesty. This position needs someone who will be able to unite traditional leaders and Izinduna including the Zulu nation, unfortunately, Reverend Buthelezi failed to do so, instead, he was in the middle of all the tension between traditional leaders and Izinduna in that province, which was unfortunate. Contralesa will support any choice that will be made by majesty in a successor to Reverend Buthelezi.” SABC © 2024
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FOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Read this article for free: Already have an account? To continue reading, please subscribe: * FOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Read unlimited articles for free today: Already have an account? FOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Peppers missed seven games since being placed on the list on Oct. 9 after he was arrested and charged with shoving his girlfriend’s head into a wall and choking her. The league said its review is ongoing and is not affected by the change in Peppers’ roster status. Braintree, Massachusetts, police said they were called to a home for an altercation between two people on Oct. 7, and a woman told them Peppers choked her. Police said they found at the home a clear plastic bag containing a white powder, which later tested positive for cocaine. Peppers, 29, pleaded not guilty in Quincy District Court to charges of assault and battery with a dangerous weapon and possession of a Class “B” substance believed to be cocaine. At a court appearance last week a trial date was set for Jan. 22. “Any act of domestic violence is unacceptable for us,” Patriots coach Jerod Mayo said after the arrest. “With that being said, I do think that Jabrill has to go through the system, has to continue to go through due process. We’ll see how that works out.” A 2017 first-round draft choice by Cleveland, Peppers spent two seasons with the Browns and three with the New York Giants before coming to New England in 2022. He was signed to an extension this summer. He played in the first four games of the season and missed one with a shoulder injury before going on the exempt list, which allows NFL Commissioner Roger Goodell to place a player on paid leave while reviewing his case. ___ AP NFL: https://apnews.com/hub/nfl AdvertisementGeode Capital Management LLC boosted its stake in shares of WK Kellogg Co ( NYSE:KLG – Free Report ) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,507,713 shares of the company’s stock after purchasing an additional 38,939 shares during the period. Geode Capital Management LLC’s holdings in WK Kellogg were worth $25,802,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in shares of WK Kellogg by 199.8% during the 3rd quarter. Royce & Associates LP now owns 71,987 shares of the company’s stock valued at $1,232,000 after purchasing an additional 47,973 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of WK Kellogg by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,112,558 shares of the company’s stock worth $19,036,000 after buying an additional 79,808 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of WK Kellogg by 12,352.1% in the third quarter. Captrust Financial Advisors now owns 1,516,417 shares of the company’s stock worth $25,946,000 after buying an additional 1,504,239 shares during the last quarter. Seven Eight Capital LP bought a new stake in WK Kellogg during the second quarter valued at approximately $577,000. Finally, Atlas Financial Advisors Inc. purchased a new stake in WK Kellogg during the third quarter valued at approximately $818,000. Hedge funds and other institutional investors own 95.74% of the company’s stock. Analysts Set New Price Targets Separately, Barclays lifted their price target on shares of WK Kellogg from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.71. Insider Transactions at WK Kellogg In related news, Director G Zachary Gund acquired 65,000 shares of WK Kellogg stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $17.76 per share, for a total transaction of $1,154,400.00. Following the completion of the transaction, the director now directly owns 195,000 shares in the company, valued at approximately $3,463,200. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Corporate insiders own 0.90% of the company’s stock. WK Kellogg Trading Down 1.8 % WK Kellogg stock opened at $17.88 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.49. WK Kellogg Co has a 12-month low of $12.32 and a 12-month high of $24.63. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 22.92 and a beta of 0.07. The firm has a 50 day moving average of $18.66 and a 200 day moving average of $17.72. WK Kellogg ( NYSE:KLG – Get Free Report ) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The firm had revenue of $689.00 million during the quarter, compared to analysts’ expectations of $674.10 million. During the same period in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts predict that WK Kellogg Co will post 1.49 earnings per share for the current year. WK Kellogg Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.16 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.58%. WK Kellogg’s payout ratio is 82.05%. WK Kellogg Company Profile ( Free Report ) WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023. Featured Stories Want to see what other hedge funds are holding KLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WK Kellogg Co ( NYSE:KLG – Free Report ). Receive News & Ratings for WK Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WK Kellogg and related companies with MarketBeat.com's FREE daily email newsletter .
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Representative image BEIRUT: A Lebanese security source said Saturday that Bashar al-Assad 's uncle, Rifaat al-Assad , left the country via Beirut airport around a week ago, after rebels overthrew his nephew. Rifaat al-Assad, 87, is accused by Swiss prosecutors of a long list of crimes, including ordering "murders, acts of torture, inhumane treatment and illegal detentions" while an officer in the Syrian army. His part in the notorious February 1982 massacre in the western city of Hama, in which between 10,000 and 40,000 people were killed, earned him the nickname "the Butcher of Hama". Rifaat al-Assad arrived in Lebanon overland and "departed from Beirut airport normally, as there is nothing from Interpol on him" the security source told AFP. He was not wanted by Lebanon's General Security agency and there were no other documents requesting his arrest, the source added, requesting anonymity as they were not authorised to speak to the media. The source said Rifaat al-Assad departed Lebanon around a week ago and "used a diplomatic passport", without naming his destination. Bouthaina Shaaban, a former translator for deceased Syrian president Hafez al-Assad and long-time political adviser to his son Bashar al-Assad, was similarly able to pass through Beirut airport, the source said, also on a diplomatic passport. A friend of Shaaban in Beirut previously told AFP that the Assad adviser fled to Lebanon on the night of December 7-8 and then travelled to Abu Dhabi. Islamist-led rebels launched a lightning offensive last month and took the capital Damascus on December 8. A former vice president Syria, Rifaat al-Assad went into exile in 1984 after a failed attempt to overthrow his brother Hafez al-Assad. He then presented himself as an opponent of his nephew Bashar al-Assad, who succeeded his father in 2000, travelling to Switzerland and later France. In 2021, he returned to Syria from France to escape a four-year prison sentence for money laundering and misappropriation of Syrian public funds. Earlier this month, Swiss newspapers reported that the country's Federal Criminal Court was considering dropping a case charging him with alleged war crimes and crimes against humanity. The tribunal said that the defendant in his 80s was suffering from ailments that prevented him from travelling and taking part in his trial, the papers reported.Patriots safety Jabrill Peppers, accused of domestic violence, cleared to practice and playWASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling , as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," she wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which was suspended until Jan. 1, 2025. The department in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. Once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. People are also reading... "I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen said. FILE - U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on Jan. 8, 2024. (AP Photo/Susan Walsh, File) The news came after Democratic President Joe Biden signed a bill into law last week that averted a government shutdown but did not include Republican President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. Congress approved the bill only after a fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt stands at about $36 trillion — after ballooning across both Republican and Democratic administrations. The spike in inflation after the COVID-19 pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but are debating over how to pay for them. How many credit cards do you have? Number of Credit Cards Carried Drops Throughout the Years As Experian revealed earlier this year, credit card balances are still climbing, despite (and partially because of) higher interest rates. And while average balances are increasing, they are spread across fewer accounts than in recent years. Alternative financing—including buy now, pay later plans for purchases—may account for at least some of this discrepancy, as consumers gravitate toward these newer financing methods. Residents of More Populous States Have More Credit Cards on Average In general, residents of higher-population states tend to carry more credit cards than those who live in states with fewer and smaller population centers. Nonetheless, the difference between the states is relatively small. Considering that the national average is around four credit cards per consumer, the four states with the fewest cards per consumer (Alaska, South Dakota, Vermont and Wyoming) aren't appreciably different, with "only" about 3.3 credit cards per consumer. Average Number of Credit Cards Per Consumer is Similar Across the U.S. Similarly, the four states on the higher end of the scale where consumers have 4.2 or more credit cards are Connecticut, Delaware, Florida, New Jersey and Rhode Island. Older Consumers Have More Active Credit Cards on Average The disparity in average credit card counts is more apparent when the population is segmented by age, thanks in part to Generation Z, many of whom have yet to receive their first credit card. The average number of credit cards for these consumers was two, less than half of what older generations keep on hand. Number of Cards Carried Increases Into Middle Age The average number of credit cards held by each generation follows the familiar pattern seen in credit card balances, which tend to increase in a consumer's middle age. It's not surprising that the number of credit card accounts follows a similar climb throughout young adulthood and middle age, then drops off in the retirement years. How Many Credit Cards Is Too Many? No matter how many credit cards you may have at the moment, keep in mind that the number of accounts has little if any bearing on one's FICO Score. Far more important is how consumers manage those accounts. This is easily demonstrable by quickly stepping through some of the factors that affect your credit scores . Longer credit histories do tend to have a positive effect on a consumer's credit score, but it's not something you can rush. Adhering to on-time payments and managing amounts owed will go far in improving credit scores, even absent a lengthy credit history. While accounts closed in good standing remain on your credit report for 10 years, canceling your oldest credit card account still has the potential to shorten your credit history when it is eventually removed. The impact of its removal depends on any other active credit cards in your credit file. The Bottom Line Ultimately, the number of cards a particular individual carries is a personal decision. Justifications can be found for carrying a travel rewards card, a cash back card, a balance transfer card, a card for business transactions and other types of credit cards that other consumers may not have either the need or qualifications for. However, keeping track of numerous credit cards, whether or not a consumer is actively using all of them, can be a mentally taxing exercise. Not only that, credit card fees can add up and dull the benefit of carrying several credit cards. Organized consumers can benefit greatly from a wallet full of specialized cards, but for those seeking a more zen-like financial future, some judicial pruning may be in order. Methodology: The analysis results provided are based on an Experian-created statistically relevant aggregate sampling of our consumer credit database that may include use of the FICO Score 8 version. Different sampling parameters may generate different findings compared with other similar analysis. Analyzed credit data did not contain personal identification information. Metro areas group counties and cities into specific geographic areas for population censuses and compilations of related statistical data. This story was produced by Experian and reviewed and distributed by Stacker Media. US consumers now carry fewer than 4 credit cards on average Many consumers may remember receiving their first credit card, either years ago in a plain envelope, or months ago from a smartphone app. Still other consumers may remember their newest card, maybe because it's the credit card they're now using exclusively to maximize cash back rewards or airline miles. But for most consumers, there's also a murky in-between where they add, drop and generally accumulate credit cards over time. Over the years, consumers may close some credit card accounts or leave some of their credit cards dormant as a backup form of payment, or perhaps left forgotten in a desk drawer. In the data below, Experian reveals the changes in consumers wallets in recent years. Average Number of Cards Has Declined Since 2017 U.S. consumers, on average, carry fewer cards today than they did in 2017, when the typical wallet held 4.2 active credit cards. As of the third quarter (Q3) of 2023, consumers carried 3.9 cards on average. This average is up slightly since the early days of the pandemic, when consumers reduced their average credit card debt and number of accounts as the economy slowed. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter.