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Business Upturn
3 days ago
- Business
- Business Upturn
IDBI Bank share gains over 3% as government nears final stage of stake sale pact, financial bids likely by September
Shares of IDBI Bank were in focus on June 24, rising over 3.8% intraday to ₹105.20 on the NSE as of 11:09 AM, following a Bloomberg report quoting a government official who said the draft agreement for the company's stake sale is now in its final stages. The official further indicated that the government plans to call for financial bids for IDBI Bank by September 2025. This marks a significant step forward in the long-pending strategic disinvestment of the lender, in which the government and LIC together hold around 94.72%. The stock touched a high of ₹105.40 in early trade, compared to its previous close of ₹101.32, backed by strong volume of over 2.24 crore shares. At current levels, IDBI shares are hovering close to their 52-week high of ₹107.90 and have gained sharply from the year's low of ₹65.89, supported by privatisation hopes and improving operational performance. Disclaimer: The views and investment suggestions expressed by brokerages or media reports are their own and not that of this platform. Investors are advised to consult certified financial advisors before making any investment decisions. Ahmedabad Plane Crash News desk at
New York Post
19-06-2025
- Science
- New York Post
‘City-killer' asteroid hurtling toward moon — this is the terrifying way it could wreak havoc on Earth
Our world could still be rocked indirectly. 'City-killer' asteroid 2024 YR4 may no longer be on a collision course with Earth, but it could pose a threat to our planet. Astronomers have upped the odds that the cosmic boulder will crash into the moon, which could potentially cause a cloud of shrapnel to impact Earth-orbiting satellites and other spacecraft, according to a scary new study submitted to the American Astronomy Society Journals. 'We were a little bit surprised at the possibility of there being a substantial amount of material [aimed] at the Earth,' Dr. Paul Wiegert, an astronomy professor at the University of Western Ontario who helmed the research, told the New Scientist. 3 Still from an animation showing asteroid 2024 YR4 as it passes by Earth and heads toward its potential impact with the Moon. NOIRLab/NSF/AURA/R. Proctor / SWNS Wiegart illustrated these potential outcomes in a series of scary video simulations showing the potential fallout from a lunar crash-landing. First discovered on December 27 of last year, YR4 sparked worldwide concern that it could strike our planet on December 23, 2032, potentially generating enough power to destroy an entire city. At its peak on February 19, YR4 had an impact risk factor of 3.1%, making it one of the most dangerous asteroids on record. And while follow-up observations revealed that YR4 wouldn't hit home, the odds of it striking the Moon recently jumped from 3.8% to 4.3%, according to data by the James Webb Space Telescope (JWST) by NASA's Center for Near Earth Object Studies. 3 'We were a little bit surprised at the possibility of there being a substantial amount of material [aimed] at the Earth,' said Dr. Paul Wiegert. NOIRLab/NSF/AURA/R. Proctor / SWNS Wiegert estimated that the asteroid would hit the Moon at 29,000 mph, creating a blast crater 0.6 miles wide, making it the largest lunar impact in the last 5,000 years. If it strikes just right, our planet's gravity would funnel up to 10% of the resultant debris toward our planet, per the simulations. 'Intuitively, the Earth is actually quite a small target when seen from the moon, and so your intuition is that not very much material would actually hit the Earth, but it turns out that the Earth's gravity can focus that material under certain conditions,' warned Wiegert. This debris field wouldn't threaten the planet itself, but could still have dire consequences for satellites in low orbit. By simulating the shrapnel cloud's potential trajectory 10,000 times, the team discovered that the satellites could sustain a decade's worth of damage in just a few days. 3 Artist's impression of the James Webb Telescope. NASA / SWNS While this barrage might not be enough to take out the satellites entirely, even impacts from small debris particles could potentially impact their functionality. 'If they were to hit a bit of a spacecraft that was a coolant pipe, or a sensor on the spacecraft exposed to space, or an antenna, then suddenly you get a loss of that particular functionality,' warned Mark Burchell, a space science lecturer at the University of Kent, UK 'You can't go and fix a satellite. A minor problem is actually a serious problem.' Satellites wouldn't be the only spacecraft potentially in the line of fire. Wiegert warned that the shrapnel cloud could affect the operations of Moon-orbiting spacecraft such as NASA's proposed Lunar Gateway while material displaced by the collision could potentially fall back to the Moon, impeding, rovers and even jeopardizing astronauts with the Artemis program. Based on this model, Wiegert believes global space agencies should devise plans to deflect asteroids headed for the Moon, as well as Earth. A spokesperson from NASA's Planetary Defense Coordination Office said that while 'planetary defense is not solely confined to near-Earth space,' it would be 'premature to speculate on potential response options' to 2024 YR4 hitting the moon. Wiegert said that we will be able to refine our models on YR4's orbital trajectory when it hurtles back into view of Earth's telescopes in 2028.
The Age
17-06-2025
- Business
- The Age
Brisbane rates to increase $1.14 per week, lord mayor reveals
Brisbane Lord Mayor Adrian Schrinner has announced, via social media, that average rates will increase 3.87 per cent this financial year – the equivalent of $1.14 a week. In a video posted to Facebook and Instagram on Wednesday morning, the lord mayor said Brisbane's rates would remain the lowest in south-east Queensland. 'We've been able to keep rates down by only spending what we can afford,' he said, ahead of formally handing down the budget. However, the rate rise – which amounts to an average increase of $55 a year – is above the city's 2.7 per cent annual inflation rate. In comparison, the Gold Coast's rates will increase by 2.7 per cent but will include a one-off $10 levy to cover the Cyclone Alfred clean-up, and 3.8 per cent in Moreton. In the council's last sitting before the budget, Schrinner revealed Brisbane residents would not be charged levies for damage caused by Cyclone Alfred, infrastructure, or transport costs. Schrinner told Tuesday's council meeting he would honour his election commitment to avoid adding additional charges to annual rates. 'I can confirm we will not be introducing a cyclone levy, we will not be introducing an infrastructure levy, and we will not be introducing a transport levy,' he said.
Sydney Morning Herald
17-06-2025
- Business
- Sydney Morning Herald
Brisbane rates to increase $1.14 per week, lord mayor reveals
Brisbane Lord Mayor Adrian Schrinner has announced, via social media, that average rates will increase 3.87 per cent this financial year – the equivalent of $1.14 a week. In a video posted to Facebook and Instagram on Wednesday morning, the lord mayor said Brisbane's rates would remain the lowest in south-east Queensland. 'We've been able to keep rates down by only spending what we can afford,' he said, ahead of formally handing down the budget. However, the rate rise – which amounts to an average increase of $55 a year – is above the city's 2.7 per cent annual inflation rate. In comparison, the Gold Coast's rates will increase by 2.7 per cent but will include a one-off $10 levy to cover the Cyclone Alfred clean-up, and 3.8 per cent in Moreton. In the council's last sitting before the budget, Schrinner revealed Brisbane residents would not be charged levies for damage caused by Cyclone Alfred, infrastructure, or transport costs. Schrinner told Tuesday's council meeting he would honour his election commitment to avoid adding additional charges to annual rates. 'I can confirm we will not be introducing a cyclone levy, we will not be introducing an infrastructure levy, and we will not be introducing a transport levy,' he said.
Sky News AU
12-06-2025
- Business
- Sky News AU
ASX 200 see-saws on Thursday as Monash IVF rises following second embryo mix-up, CEO departing
The ASX 200 has see-sawed on Thursday with an embattled health company jumping and a luxury fashion brand nosediving. The index is up flat after the first hour of trading after jumping 0.2 per cent in the first 20 minutes. Qantas has soared 4.8 per cent, Beach Energy jumped four per cent and gold miner West African Resources added 3.8 per cent. Luxury fashion brand Cettire is down 21.5 per cent after its CEO warned of weaker US demand, despite revealing sales revenue was up 1.7 per cent year-on-year. Embattled healthcare company Monash IVF has jumped again on Thursday after the company dropped 26 per cent when it informed the public of a second embryo mix-up at a clinic. The company informed shareholders on Thursday its chief executive Michael Knaap was resigning, leading to a four per cent bump in the share price, and its CFO Malik Jainudeen was appointed acting CEO. 'Since his appointment in 2019, Michael has led the organisation through a period of significant growth and transformation, and we thank him for his years of dedicated service,' Monash IVF's statement read. The bourse hit a new high on Wednesday as it shot up more than half a per cent before sinking throughout the day. The Dow Jones fell flat on Wednesday while the S&P 500 sank 0.3 per cent and the Nasdaq dropped 0.5 per cent. London's FTSE 250 Index added 0.2 per cent, Germany's DAX fell 0.2 per cent and the STOXX Europe 600 dropped 0.3 per cent on Wednesday. New Zealand's NZX 50 Index is down 0.2 per cent on Thursday and Japan's Nikkei 225 has dropped 0.6 per cent.
