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Business Standard
14-07-2025
- Health
- Business Standard
Kerala steps up surveillance after second Nipah death; 543 on contact list
Hospitals in six Kerala districts on alert as state steps up vigil; high-risk contacts under close watch to curb further spread of Nipah virus New Delhi A second case of Nipah virus has been confirmed in Kerala's Palakkad district after a 58-year-old man from Kumaramputhur, near Mannarkkad, tested positive posthumously. The patient was undergoing treatment at a private hospital in Perinthalmanna and passed away on July 12. Following the confirmation of the second Nipah death, Kerala health authorities have intensified contact tracing and field-level monitoring efforts in the region. Kerala Health Minister Veena George said a list of contacts has been compiled, and the state is waiting for results from the National Institute of Virology, Pune. Preliminary tests conducted at Manjeri Medical College had given a positive result for Nipah. A total of 46 individuals have been identified as close contacts of the deceased. CCTV footage and other relevant information have been reviewed to construct a detailed route map and family tree. This will help in tracking possible exposures. Hospitals in six districts of Kerala put on alert Health authorities in Kerala have issued an alert across hospitals in Palakkad, Malappuram, Kozhikode, Kannur, Wayanad, and Thrissur districts. Field-level interventions, including fever surveillance, are ongoing in affected areas. Residents in Palakkad and Malappuram have been urged to avoid non-essential hospital visits, especially in the current context. Health officials have advised that only one person should accompany a patient, and all individuals entering hospital premises—patients, visitors, and healthcare personnel—must wear masks at all times. Central team assesses situation in Kerala A central team from the Union Ministry of Health and Family Welfare arrived in Kerala on July 9 to assess the situation in the affected districts and coordinate response strategies, PTI reported. The National Joint Outbreak Response Team is led by Dr Pranay Verma. He is the Joint Director and Public Health Specialist at the National Centre for Disease Control (NCDC), and is currently working in Malappuram, an official statement said. The 10-member expert panel includes scientists from the ICMR-National Institute of Virology, Pune, along with wildlife and veterinary specialists and representatives from the animal welfare department. 543 individuals on statewide contact list The state's cumulative contact list for Nipah virus exposure now includes 543 people, with 46 linked to the latest confirmed fatality. Currently, ten individuals are undergoing treatment in Malappuram, two of whom are in intensive care. What is the Nipah virus? According to the World Health Organization, Nipah is a zoonotic virus that can be transmitted from animals to humans. Human-to-human transmission is also possible, as it is spread via contaminated food sources. The virus is associated with high mortality rates and requires prompt public health action to prevent outbreaks.
USA Today
07-07-2025
- Sport
- USA Today
Mets slugger Pete Alonso won't take part in 2025 Home Run Derby
Two-time Home Run Derby champion Pete Alonso won't be going for title No. 3 at this year's MLB All-Star Game in Atlanta. The New York Mets first baseman has declined an invitation to the July 14 slugfest, ending his five-year streak of participating. Alonso won the competition in 2019 and 2021. "I just decided not to do it this year," Alonso told reporters on Sunday, July 6. "I have never really fully enjoyed the three off days, so I just want to be in the best possible position to help this team win in the second half." Alonso will still be part of the festivities in Atlanta after being selected to the NL All-Star team for the fifth time. Alonso is off to an excellent start this season, posting a .267/.380/.543 slash line with 20 home runs and 73 RBIs. "I'm in a groove with certain things. I definitely will do it again," he said of the Derby. "It doesn't mean no forever." Kyle Schwarber declines HR Derby invite Philadelphia Phillies slugger Kyle Schwarber, who ranks third in the National League with 27 home runs, also said Sunday he won't compete in the Home Run Derby. The three-time All-Star and two-time Derby participant could return next year though, especially with the festivities being held in Philadelphia. Schwarber is a free agent at the end of this season, but the Phillies are expected to make a strong bid to re-sign him. Other star players who've indicated they won't be taking part in the Derby include Aaron Judge, Shohei Ohtani and last year's winner, Teoscar Hernandez.
Business Standard
28-05-2025
- Business
- Business Standard
Sundaram Finance AUM grows 17% to Rs. 51,476 crores
VMPL New Delhi [India], May 28: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the audited standalone and consolidated financial results for the year ended March 31, 2025, at its meeting held on May 26, 2025, in Chennai. "Team Sundaram has delivered 17% growth in AUM to Rs. 51,476 crores, asset quality with net stage 3 at 0.75% vs 0.63% last year and profits from operations growing 29% year-on-year. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability," said Harsha Viji, Executive Vice Chairman. -Disbursements grew by 9% in FY25 to Rs. 28,405 crores. -Profits from Operations up by 29% in FY25 -Gross Stage 3 assets stood at 1.44% (1.26% as of March 31, 2024) and Net Stage 3 assets at 0.75% (0.63% as of March 31, 2024) -Disbursements for Q4FY25 up by 11% over Q4FY24 -Profit after tax closed at Rs.1,543 crores, up by 6% over FY24 -ROA at 2.85% for FY25 (3.18% for FY24) -Capital Adequacy Ratio at 20.4% (20.5% for FY24) -210% final dividend (Rs. 21/- per share) declared Disbursements for FY25 recorded a growth of 9% over FY24 with 11% growth in disbursements for Q4FY25 over last year. Gross stage 3 assets as on March 31, 2025, stood at 1.44% with provision cover of 49% as against 1.26% as on March 31, 2024, with provision cover of 50%. Profits from operations performed strongly, growing by 29% in FY25. Profit after tax registered a 6% rise in FY25, with net profit at Rs. 1,543 crores. After excluding exceptional item in FY24, profit after tax rose 16% in FY25. Return on assets closed at 2.85% in FY25 as against 3.18% for FY24 and capital adequacy at 20.4% remains quite comfortable. Rajiv Lochan, Managing Director, stated, "FY25 was marked by subdued demand due to an extreme summer, general elections, a dull festive season and global volatility driven by tariff-related uncertainty as well as geopolitical complications. Customer outlook was, by and large, cautious and the burden of economic growth was largely supported by Government capex, which ended up at levels lower than the previous year. Given the uncertainties in the external demand, our focus on market share has remained clear. We have gained market share across nearly major asset classes that we focus on, resulting in 17% growth in AUM for FY25 and our laser-sharp focus on controlling our costs - borrowing, operating & credit - resulted in a 29% growth in profits from operations." "Looking ahead, we expect macroeconomic sentiments to improve on the rural front because of above normal monsoons forecasted by the IMD and strong procurement, and, on the urban front, due to an improvement in government spending on infrastructure as well as the income tax benefits announced in the union budget. As private consumption improves, private sector capex will likely pick up. We are well positioned to continue our marathon running - steady growth, best-in-class asset quality and continued resilient profitability - and in delivering the Sundaram experience to our customers, people and partners," he added. STANDALONE PERFORMANCE HIGHLIGHTS FOR FY25 -Disbursements for FY25 grew by 9% to Rs. 28,405 crores as compared to Rs. 26,163 crores registered in FY24. Disbursements for Q4FY25 grew by 11% to Rs. 6,873 crores as compared to Rs. 6,209 crores registered in Q4FY24. -The assets under management grew by 17% to Rs. 51,476 crores as on 31st March 2025 as against Rs. 43,987 crores as on 31st March 2024. -Net interest income grew by 22% to Rs. 2,793 crores in FY25 from Rs. 2,284 crores in FY24. -Gross stage 3 assets as on 31st March 2025 stood at 1.44% with 49% provision cover as against 1.26% with provision cover of 50% as on 31st March 2024. Net stage 3 assets as on 31st March 2025 closed at 0.75% as against 0.63% as on 31st March 2024. -The Gross and Net NPA, as per RBI's asset classification norms for NBFCs, are 2.17% and 1.38% respectively as against 1.98% and 1.25% as of 31st March 2024. -Cost to income ratio improved to 30.80% in FY25 as against 34.68% in FY24. - Profit after tax registered a 6% rise in FY25, with net profit at Rs. 1,543 crores. After excluding exceptional item in FY24, profit after tax rose 16% in FY25. -Return on assets (ROA) for FY25 closed at 2.85% as against 3.18% for FY24. Return on equity (ROE) was at 16.30% for FY25 as against 17.51% for FY24. -Capital Adequacy Ratio stood at 20.4% (Tier I -17.4%) as of 31st March 2025 compared to 20.5% (Tier I - 16.8%) as of 31st March 2024. -The Company has declared a final dividend of Rs. 21/- per share (210%). CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR FY25 The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance. -The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 78,145 crores as on 31st March 2025 as against Rs. 66,472 crores as on 31st March 2024, a growth of 18%. The assets under management of our asset management business stood at Rs. 71,826 crores as on 31st March 2025 as against Rs. 70,883 crores as on 31st March 2024. -Profit after tax for FY25 grew by 31% to Rs. 1,879 crores as compared to Rs. 1,436 crores in FY24. GROUP COMPANY PERFORMANCE HIGHLIGHTS Our group companies continued to perform well. -The asset management business closed the year ended 31st March 2025 with assets under management of Rs. 71,826 crores (over 80% in equity) and consolidated profits from the asset management businesses were at Rs. 154 crores as against Rs. 112 crores in FY24. - Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 4,065 crores as compared to Rs. 3,825 crores in the previous year, representing a growth of 6%. The company reported a profit after tax of Rs. 133 crores for FY25 as against a profit of Rs. 169 crores in FY24. Profit after tax during FY25 includes net loss of Rs. 38 crores on Fair Value of Equity investments as against net gain on Fair Value of equity investments of Rs. 71 crores in FY24. -Sundaram Home Finance continued to grow strongly with disbursements up by 30% to Rs. 6,517 crores in FY25. The profit for FY25 was Rs. 245 crores, as against Rs. 236 crores in FY24.
Business Recorder
10-05-2025
- Business
- Business Recorder
Gold prices lower further
KARACHI: Gold prices further lowered on Friday depicting a downturn in the global market, traders said. International bullion market saw a drop by $18 to $3, 325 per ounce dragging down the local gold prices by Rs1,800 per tola and Rs1,543 per 10 grams. This brought the gold total value to Rs350,900 per tola and Rs300,840 per 10 grams, All Pakistan Sarafa Gems and Jewelers Association said. Domestic silver prices remained stable at Rs3,417 per tola and Rs2,929 per 10 grams with world market holding firm at over $32 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Express Tribune
10-05-2025
- Business
- Express Tribune
Gold, rupee on downward trajectory
Listen to article Gold prices in Pakistan remained on a downward trajectory on Friday despite a notable rise in international markets, where the yellow metal gained over 1% as the US dollar weakened and investors weighed comments on tariffs by US President Donald Trump ahead of crucial trade talks with China. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported, the price of gold per tola fell by Rs1,800 to settle at Rs350,900 in the local market. Likewise, the price of 10 grams dropped by Rs1,543 to Rs300,840. The downward trend followed Thursday's dip of Rs4,200, when the per tola price had touched Rs352,700. Commenting on market dynamics, Interactive Commodities Director Adnan Agar said gold had earlier dipped to around $3,270 before recovering slightly, with current trading levels hovering between $3,330 and $3,340. "There's still some support in the market on the lower side," he noted. "We're seeing range-bound movement, and the upcoming weekend talks between the US and China, along with regional developments will be crucial for next direction." Gold rose over 1% on Friday as the dollar ticked lower, while the market digested comments on tariffs from US President Donald Trump ahead of a weekend meeting between the US and China, according to Reuters. Meanwhile, the Pakistani rupee continued its downward trend against US dollar on Friday, slipped 0.07% in the interbank market. It closed at 281.71, down by Rs0.19 from the previous day's closing rate of 281.52.
