Latest news with #952
TimesLIVE
09-07-2025
- Business
- TimesLIVE
Mom and brother got the good news first as Potch man bags R8.9m jackpot
The latest lotto jackpot winner from the North West plans to retire and invest his newfound winning wisely, ensuring a secure future. Ithuba, the operator of the national lottery, announced that the winner has come forward to claim the prize. He said he had kept his ticket in his wardrobe. 'I was very excited when I found out I had won. I've always held onto the hope that one day I would become a millionaire,' he said. The man bagged a total of R8,952,821.60 in the lotto draw on Saturday with a ticket purchased at a store in Potchefstroom, North West, with an R80 wager. He manually selected his numbers. The winner shared that he found out about his life-changing win when he checked the winning numbers online. 'The first people I shared the news with were my mother and brother, and now I plan on buying a house as soon as possible,' he said. The employed winner enjoys playing soccer in his free time, and he's excited that his winnings will allow him to pursue his passions without financial constraints. Ithuba CEO Charmaine Mabuza congratulated the winner. 'We extend our heartfelt congratulations to the lucky winner! We're excited to empower him with the financial knowledge and tools necessary to help him turn this windfall into a lasting legacy for himself and his loved ones,' said Mabuza. Ithuba offers winners of R50,000 and more a complimentary counselling and financial advice. TimesLIVE
Business Upturn
03-07-2025
- Business
- Business Upturn
Techknowgreen Solutions wins Rs 7.86 crore air quality monitoring contract from GUIDE
By Aditya Bhagchandani Published on July 3, 2025, 19:53 IST Techknowgreen Solutions Limited announced on Thursday that it has secured a sub-contract work order worth ₹7.86 crore from the Gujarat Institute of Desert Ecology (GUIDE), under the main customer Deendayal Port Authority (DPA). In its stock exchange filing, the company said the order involves 'continuous air quality management through the provision of two Continuous Ambient Air Quality Monitoring System (CAAQMS) units, along with a comprehensive maintenance contract for three years.' According to the disclosure, the payment terms include 25% of the contract price against successful installation and commissioning of the two systems, with the remaining 75% to be paid monthly on a pro-rata basis over 36 months. The contract is awarded by a domestic entity, and the project timeline will be mutually agreed upon by the parties involved. This order marks a quick win for the company's Gujarat regional office, reflecting the strategic value of its recent expansion into key locations across India. Techknowgreen stated that neither its promoters nor group companies have any interest in the awarding entity, and the transaction does not fall under related party transactions. This new order, valued at ₹7,86,09,952, highlights Techknowgreen's growing presence in the environmental solutions sector and its role in advancing air quality monitoring initiatives in India. Disclaimer: The information provided is for informational purposes only and does not constitute financial or investment advice. Please consult a professional advisor before making any investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Herald Malaysia
20-06-2025
- Business
- Herald Malaysia
Vatican Bank reports RM159 million profit in 2024
The Vatican Bank, officially known as the Institute for the Works of Religion (IOR), reported a net profit of €32.8 million (RM158,952 million) for 2024, a seven per cent increase from the previous year. Jun 20, 2025 The Vatican Bank. (CNA/Andrea Gagliarducci VATICAN: The Vatican Bank, officially known as the Institute for the Works of Religion (IOR), reported a net profit of €32.8 million (RM158,952 million) for 2024, a seven per cent increase from the previous year. The growth was driven by higher interest, commission, and brokerage income, along with tighter cost control. The total volume of client assets rose to €5.7 billion (RM27 billion), and net assets increased to €731.9 million (RM3.5 billion). The IOR's strong performance also led to a dividend of €13.8 million (RM66 million) being allocated to the Holy Father, reaffirming its mission to support the Church's religious and charitable works. All investments were conducted in line with Catholic social teaching, with 100 per cent of asset management lines posting gains and 79 per cent outperforming their benchmarks. The bank's Tier 1 capital ratio — a key indicator of financial stability — reached 69.43 per cent, a 16.1 per cent rise from 2023, due to reduced risk exposure and stronger equity. This places the IOR among the most well-capitalised financial institutions globally in terms of liquidity and solvency. Improvements in technology and staffing in 2024 further enhanced the IOR's operations and customer service. As the only financial institution authorised to operate within Vatican City, its audited financials confirmed compliance with international accounting standards and another year of stable, sustained growth. --CNA
The Sun
17-06-2025
- Business
- The Sun
Penang retirees lose over RM1m in investment scams
GEORGE TOWN: Two retirees lost over RM1 million after falling victim to online investment scams recently, according to Penang police. Penang police chief Datuk Hamzah Ahmad said in a statement that in the first case, the Seberang Perai Tengah District Police Headquarters received a report from a 55-year-old man on June 12, alleging that he had been scammed by an online investment company for RM827,120. 'In early April, the victim came across an investment advertisement on Facebook promising high returns and subsequently got in touch with a WhatsApp. 'The victim was promised a seven per cent return on each investment made,' he said, adding that the man was told to download the company's app to register as a member and invest through the platform. Hamzah said the victim made 22 fund transfers into six different company accounts between April 19 and May 26. 'He realised he had been scammed after being unable to withdraw profits totalling RM23,241,952 as shown on the investment app and subsequently lodged a police report,' he said. In a separate case, he stated that a 56-year-old retired factory technician lost RM321,250 after falling victim to another online investment scam, adding that the victim lodged a police report on June 12 at the Seberang Perai Utara District Police Headquarters. Hamzah stated that around December of last year, the victim came across an investment advertisement on Instagram that promised high returns. He then contacted a female suspect via WhatsApp, who promised a 30 per cent return within three months. He said that on March 21, the victim made the first fund transfer of RM20,000 through the company's app, and within less than three months, he received RM14,150 in profits. 'He made 11 additional fund transfers between March 27 and June 3 into four different company accounts linked to the scheme, but realised he had been scammed after he could not withdraw RM280,000 in purported profits and was instead asked by the suspect to pay an RM120,000 withdrawal fee,' he added. He said investigations are ongoing, and both cases are classified under Section 420 of the Penal Code for cheating.
The Sun
17-06-2025
- Business
- The Sun
Two retirees lose over RM1m to online investment scams
GEORGE TOWN: Two retirees lost over RM1 million after falling victim to online investment scams recently, according to Penang police. Penang police chief Datuk Hamzah Ahmad said in a statement that in the first case, the Seberang Perai Tengah District Police Headquarters received a report from a 55-year-old man on June 12, alleging that he had been scammed by an online investment company for RM827,120. 'In early April, the victim came across an investment advertisement on Facebook promising high returns and subsequently got in touch with a WhatsApp. 'The victim was promised a seven per cent return on each investment made,' he said, adding that the man was told to download the company's app to register as a member and invest through the platform. Hamzah said the victim made 22 fund transfers into six different company accounts between April 19 and May 26. 'He realised he had been scammed after being unable to withdraw profits totalling RM23,241,952 as shown on the investment app and subsequently lodged a police report,' he said. In a separate case, he stated that a 56-year-old retired factory technician lost RM321,250 after falling victim to another online investment scam, adding that the victim lodged a police report on June 12 at the Seberang Perai Utara District Police Headquarters. Hamzah stated that around December of last year, the victim came across an investment advertisement on Instagram that promised high returns. He then contacted a female suspect via WhatsApp, who promised a 30 per cent return within three months. He said that on March 21, the victim made the first fund transfer of RM20,000 through the company's app, and within less than three months, he received RM14,150 in profits. 'He made 11 additional fund transfers between March 27 and June 3 into four different company accounts linked to the scheme, but realised he had been scammed after he could not withdraw RM280,000 in purported profits and was instead asked by the suspect to pay an RM120,000 withdrawal fee,' he added. He said investigations are ongoing, and both cases are classified under Section 420 of the Penal Code for cheating.
