Latest news with #567
Gulf Today
14-07-2025
- Business
- Gulf Today
Employee wins Dhs99,567 in court after 3-month salary delay in Abu Dhabi
The Abu Dhabi Primary Labour Court has ordered a company to pay Dhs99,567 to an employee who had been working under a fixed-term contract but was not paid his salaries and wages for approximately three months. The employee had filed a complaint with the Labour Department at the Ministry of Human Resources and Emiratisation (MoHRE), but the department was unable to resolve the dispute and subsequently referred the case to the court. In his lawsuit, the employee requested that the court compel the company to pay the overdue wages for three months—totaling Dhs99,567—and cover legal fees and expenses. He stated that, according to his contract, he was entitled to a monthly basic salary of Dhs12,000 and a total salary of Dhs29,000. The court noted that while a representative of the company attended the hearing, no defense or supporting evidence was presented. Since the employee claimed unpaid wages and the burden of proof lies with the employer, who failed to provide payment evidence, the court ruled in the employee's favor. Taking into account the employee's total monthly salary, the court ordered the company to pay Dhs99,567 in unpaid dues.
Hypebeast
13-07-2025
- Automotive
- Hypebeast
Hyundai Debuts 640 HP IONIQ 6 N at Goodwood Festival of Speed
Summary Hyundaihas officially unveiled the IONIQ 6 N, its second high-performanceelectric vehicle, at the 2025Goodwood Festival of Speed. Building on the success of theIONIQ 5 N, the sleek sedan pushes Hyundai's electrification strategy forward, blending track-ready engineering with daily drivability. Delivering 640 hp and 567 lb-ft of torque, the IONIQ 6 N accelerates from 0-62 mph in 3.2 seconds and reaches a top speed of 160 mph. Hyundai's 'N' philosophy, 'Corner Rascal, Racetrack Capability and Everyday Sportscar,' is at the heart of this design, emphasizing agility, stability and comfort. Key upgrades include fully reengineered suspension geometry, stroke-sensing ECS dampers and a new battery management system optimized for performance under various driving scenarios. Aerodynamics play a crucial role, with widened fenders, a swan-neck rear wing and aggressive downforce enhancements. Inside, the IONIQ 6 N introduces features like the N e-Shift for simulated gear changes and N Active Sound+ with selectable drive sound profiles. Hyundai also introduced new personalization options and performance parts, while showcasing the car in a bespoke Performance Blue Pearl finish. As part of the launch, the 'N Moment' on July 10 featured the IONIQ 6 N alongside the full N lineup in a high-speed Hillclimb demonstration, solidifying Hyundai's growing presence in the performance EV market.
Hans India
08-07-2025
- Politics
- Hans India
Resolve all petitions on priority, Collector tells officials
Pamidi: At a special Public Grievance Redressal System (PGRS) programme held on Monday at Jagannatha Padmavati Function Hall in Pamidi, district Collector Dr Vinod Kumar V and Anantapur MP Ambica Lakshmi Narayana received 567 petitions from the public addressing various issues. Collector Dr Vinod Kumar emphasised the government's commitment to prioritising PGRS petitions. He directed officials to resolve grievances promptly, transparently, and efficiently, ensuring applicant satisfaction. He stressed that resolutions must adhere to stipulated timelines, avoiding delays or case reopenings. He instructed the officials to submit detailed petition reports in Excel format and ordered immediate processing of any pending secretariat staff orders to streamline grievance redressal. Joint Collector Shiv Narayan Sharma, Assistant Collector Sachin Rahar, DRO Malola, SDCs Mallikarjuna, Thippenayak, Anand, Ramakrishna Reddy, RDO Srinivasulu, Joint Director of Agriculture Uma Maheswaramma, Pamidi Tahsildar Sharmila, MPDO Tejoshna, Labour Welfare Board Chairman Venkata Shivudu Yadav, Guntakal DSP Srinivas, and others participated in the programme.
TimesLIVE
04-06-2025
- Automotive
- TimesLIVE
Xiaomi CEO expects EV business to turn profitable in second half of 2025
China's Xiaomi founder and CEO Lei Jun said on Tuesday he expected the company's car business to turn profitable in the second half of the year, according to a company spokesperson. Xiaomi's loss from its smart electric vehicles, AI and other new projects amounted to 0.5bn yuan (R1,242,018,515) in the quarter ended March 31, with its EV business revenue reaching 18.1bn yuan (R44,955,567,300) over the same period. Xiaomi will start selling its second EV model YU7 in July.
Yahoo
02-05-2025
- Business
- Yahoo
CNH Industrial NV (CNH) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Consolidated Revenue: $3.8 billion, down 21% year-over-year. Industrial Adjusted EBIT: $101 million, down 73% compared to last year. EPS: $0.10 for the quarter. Industrial Net Sales: Just below $3.2 billion, down 23% year-over-year. Free Cash Flow for Industrial Activities: $567 million outflow. Agriculture Net Sales: Decreased 23% in the quarter. Gross Margin: 20%, down 380 basis points year-over-year. Adjusted EBIT Margin for Agriculture: 5.4%. Construction Net Sales: $591 million, down 22% year-over-year. Gross Margin for Construction: 14.9%, down 250 basis points year-over-year. Adjusted EBIT Margin for Construction: 2.4%. Financial Services Net Income: $90 million. Retail Originations: $2.4 billion. Managed Portfolio: $28 billion. Dividend Proposal: $0.25 per share, over $300 million. Production Hours: Down 26% compared to Q1 2024. Warning! GuruFocus has detected 10 Warning Signs with CNH. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CNH Industrial NV (NYSE:CNH) successfully reduced dealer inventories by $100 million in Q1, aligning with their goal of a $1 billion reduction by year-end. The company launched a new automated spraying solution using vision technology from Augmenta, enhancing their product offerings without additional subscription costs for farmers. CNH Industrial NV (NYSE:CNH) maintained a favorable price-cost relationship despite lower pricing in agriculture, with expectations for better pricing comparisons in the second half of the year. The financial services segment performed well, providing competitive financing options despite market slowdowns and higher risk provisioning needs. CNH Industrial NV (NYSE:CNH) is strategically positioned to benefit from potential shifts in global commodity demand, particularly in regions like Brazil. Consolidated revenues for the first quarter were down 21% to $3.8 billion, reflecting a challenging market environment. Industrial adjusted EBIT decreased by 73% compared to the previous year, indicating significant profitability challenges. The company faced a 26% reduction in production hours compared to Q1 2024, with agriculture and construction segments both experiencing declines. Higher expected risk costs and increased taxes negatively impacted the financial services segment's net income. The ongoing tariff discussions and global trade uncertainties pose significant risks to CNH Industrial NV (NYSE:CNH)'s operations and financial performance. Q: Can you quantify the EPS impact from tariffs in your guidance? A: Oddone Incisa, CFO, stated that the change in guidance is primarily due to tariff scenarios. The guidance range has been widened to account for the uncertainty, and the midpoint shift reflects the potential tariff impact. Q: How are you managing production costs, particularly regarding quality and manufacturing expenses? A: Oddone Incisa, CFO, mentioned that quality costs were still a negative factor in the quarter but are expected to improve as the year progresses. Gerrit Marx, CEO, added that production costs are lower despite quality expenses, and improvements are expected in the second half of the year. Q: Can you elaborate on the price adjustments and supplier cost-sharing efforts? A: Gerrit Marx, CEO, explained that moderate price adjustments have been implemented, effective May 1, to balance cost movements. The company is actively working with suppliers to share tariff-related costs and is considering relocating production facilities to more favorable tariff regions. Q: What is the outlook for agricultural segment margins throughout the year? A: Oddone Incisa, CFO, indicated that Q1 was the low point for ag margins, with expectations for improvement in the second half, returning to double-digit profitability. Q: How are you handling price adjustments for imported products, and are there any products that may not be viable due to tariffs? A: Gerrit Marx, CEO, stated that all imported products remain viable. The company is not applying a flat tariff rate but is instead analyzing the bill of materials and supplier sources to determine price increases. Inventory levels are being carefully managed to avoid stocking up on higher-priced units too early. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
