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Time of India
21-07-2025
- Politics
- Time of India
SC-appointed panel hears Jully's objections to change in Sariska CTH
Jaipur: Taking cognisance of a complaint lodged by Rajasthan's Leader of Opposition, Tikaram Jully, against proposed changes in the Critical Tiger Habitat (CTH) boundaries in Sariska Tiger Reserve, the central empowered committee (CEC) formed by the Supreme Court held a meeting at its office in New Delhi Monday to hear Jully's arguments. The committee's member secretary, Bhanumati G, had invited Jully to the meeting with the necessary documents related to his complaint. The proposal for the "rationalisation" of Sariska's boundaries has been prepared according to directives of the CEC and the Supreme Court. Jully had alleged that the Rajasthan govt ignored legal procedures and the proposal was designed to benefit the mining and hotel lobby. Jully strongly opposed the proposal to redefine boundaries of the CTH, describing it as an "injustice to the natural habitat and conservation of tigers", and submitted a detailed representation to the CEC. Presenting his case to the CEC, Jully said that while he respected the SC, the state govt was altering the CTH in a calculated strategy to benefit certain individuals without giving affected parties a chance to be heard, thereby violating the SC's guidelines. He stated that if this proposal is implemented, it will not only harm tiger conservation but also signal that the state govt is prioritising commercial interests over wildlife protection. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Jully's representation stated that a 3.7-sq km area in Sariska's Tehla region, where tigress ST-27 gave birth to two cubs in May 2024, was being removed from CTH and included in the buffer zone. Jully accused the govt of violating promises made to the SC by reducing the CTH area. He mentioned that when only 492 sq km were protected in Sariska in 2004, tigers became extinct there, but after CTH area was added in 2007, tigers returned. He said that after Bhiwadi and Behror became separate districts, Sariska became the main tourist region of Alwar district. "However, the state govt is focusing on the mines area to benefit influential people, and large-scale corruption cannot be ruled out," he stated. He said that despite elected representatives from Alwar being part of both Union and state govts, changes were being made to the CTH that would harm not only wildlife but also the surrounding villagers.
New Indian Express
14-07-2025
- Politics
- New Indian Express
Move to redraw boundaries of Sariska Tiger Reserve to facilitate mining draws flak from experts
A coalition of environmentalists has made urgent appeals to the Union government, Rajasthan government and Tiger Conservation Authority, voicing their concerns over the proposal to alter the boundaries of the Sariska Tiger Reserve (STR) in order to facilitate mining activities in the Aravalli hills. They emphasized that this decision could set a troubling precedent and have a negative impact on wildlife conservation efforts across the country. In early July, India's wildlife authority approved changes to the boundaries of the STR as part of a conservation plan that also accommodates mining activities. The adjustment affects both the Critical Tiger Habitat (CTH) and the buffer zone, aiming to enhance wildlife conservation while taking into account the development needs of nearby regions. Experts warn that if the proposed rationalization plan is implemented, it could have disastrous consequences for the ecologically sensitive Aravalli region. The environmental group "People for Aravallis" submitted representations to the Ministry of Environment, Forest and Climate Change, the Chief Minister of Rajasthan, and the National Tiger Conservation Authority (NTCA), expressing concerns about the recent proposal to redraw the boundaries of the Sariska Tiger Reserve. According to the group, the decision to redraw the boundaries aims to allow the reopening of at least 50 marble, dolomite, limestone, and masonry mines that were closed following a previous Supreme Court order. Activists argue that this could set a dangerous precedent across the country, legitimizing similar illegal activities. 'The group submitted three representations on July 14 to India's Environment Minister, the Additional Director General (Project Tiger), and the Chief Minister of Rajasthan, urging them to abandon the proposal to redraw the boundaries of the STR, as it is flawed from both an ecological and legal standpoint,' said Kay Nair, Co-Founder of People for Aravallis.
Economic Times
04-07-2025
- Automotive
- Economic Times
Bosch shares jump 3.5% despite Rs 96 crore customs hit
Bosch shares surged nearly 3.5% following a regulatory disclosure regarding a customs order. The company faces a duty demand and penalty totaling Rs 96 crore related to import duty benefits and incorrect classification of automotive components. Despite this financial impact, strong investor interest propelled the stock, with technical indicators suggesting it may be overbought. Tired of too many ads? Remove Ads The Engine Control Unit (ECU) is to be reclassified under CTH 8708 99 00. The Oxygen NOx Sensor is to be reclassified under CTH 9031 80 00. Tired of too many ads? Remove Ads Technical overview Valuation metrics Shares of Bosch were in the spotlight on Friday, gaining nearly 3.5% to close at Rs 35,600, up from the previous close of Rs 34,405. The company currently commands a market capitalisation of approximately Rs 1,05,300 July 3, Bosch filed a regulatory disclosure under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), informing the exchanges of a significant customs-related order it received on July 2, 2025, from the Principal Commissioner of Customs (Import), Air Cargo Complex, order involves a dispute concerning the wrongful availing of duty benefits under Notification No. 50/2017-Cus, related to the import of automotive components including Rot Speed Sensors, Knock Sensors, and Phase addition to the duty benefit issue, the order highlights the incorrect classification of key parts:The financial impact of this customs order is significant, with Bosch facing a differential duty demand of Rs 66.72 crore, along with a penalty of Rs 29.58 crore, totaling approximately Rs 96 the potential liability, the stock advanced on strong investor interest, reflecting confidence in Bosch's ability to manage the regulatory 14-day Relative Strength Index (RSI) for Bosch Ltd. stands at 74.7, above the typical overbought threshold of 70, suggesting that the stock may be overextended in the short term and could be due for a correction or Bosch is trading above all key moving averages — from the 5-day to the 200-day Simple Moving Averages (SMAs) — indicating strong upward momentum across both short- and long-term current valuation shows a Price-to-Earnings (P/E) ratio of 47.49, indicating that investors are paying about 47 times the company's earnings per Price-to-Sales (P/S) ratio stands at 4.62, showing how the market values the company's revenue. Meanwhile, the Price-to-Book (P/B) ratio of 6.93 suggests the stock is trading at nearly seven times its book value, reflecting a premium price relative to its net assets.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
04-07-2025
- Automotive
- Time of India
Bosch shares jump 3.5% despite Rs 96 crore customs hit
Shares of Bosch were in the spotlight on Friday, gaining nearly 3.5% to close at Rs 35,600, up from the previous close of Rs 34,405. The company currently commands a market capitalisation of approximately Rs 1,05,300 crore. On July 3, Bosch filed a regulatory disclosure under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), informing the exchanges of a significant customs-related order it received on July 2, 2025, from the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn The Most Successful Intraday Strategy in Just 2 Hr. thefutureuniversity Learn More Undo The order involves a dispute concerning the wrongful availing of duty benefits under Notification No. 50/2017-Cus, related to the import of automotive components including Rot Speed Sensors, Knock Sensors, and Phase Sensors. In addition to the duty benefit issue, the order highlights the incorrect classification of key parts: The Engine Control Unit (ECU) is to be reclassified under CTH 8708 99 00. The Oxygen NOx Sensor is to be reclassified under CTH 9031 80 00. The financial impact of this customs order is significant, with Bosch facing a differential duty demand of Rs 66.72 crore, along with a penalty of Rs 29.58 crore, totaling approximately Rs 96 crore. Live Events Despite the potential liability, the stock advanced on strong investor interest, reflecting confidence in Bosch's ability to manage the regulatory challenge. Technical overview The 14-day Relative Strength Index (RSI) for Bosch Ltd. stands at 74.7, above the typical overbought threshold of 70, suggesting that the stock may be overextended in the short term and could be due for a correction or pullback. Additionally, Bosch is trading above all key moving averages — from the 5-day to the 200-day Simple Moving Averages (SMAs) — indicating strong upward momentum across both short- and long-term timeframes. Valuation metrics Bosch's current valuation shows a Price-to-Earnings (P/E) ratio of 47.49, indicating that investors are paying about 47 times the company's earnings per share. The Price-to-Sales (P/S) ratio stands at 4.62, showing how the market values the company's revenue. Meanwhile, the Price-to-Book (P/B) ratio of 6.93 suggests the stock is trading at nearly seven times its book value, reflecting a premium price relative to its net assets. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Associated Press
04-07-2025
- Business
- Associated Press
CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 3, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the 'Corporation') is pleased to announce that it has completed a second closing (the 'Second Closing') of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the 'LIFE Offering') and concurrent private placement (the 'Private Placement' and together with the LIFE Offering, the 'Offerings') of up to an aggregate of 12,820,512 units (each, a 'Unit') at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a 'Common Share') and one Common Share purchase warrant (each a 'Warrant'). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units. CoTec is also pleased to note that the aggregate target of $10,000,000 under the Offerings are now fully subscribed for and that the Corporation will be closing the financing on or around July 9, 2025 to allow for subscription agreements received but not yet finalised to be processed. Pursuant to the Second Closing, the Corporation issued a total of 2,306,753 Units for aggregate gross proceeds of $1,799,270.36 under the LIFE Offering and 1,080,723 Units for aggregate gross proceeds of $842,964.90 under the Private Placement. Together with the initial closing under the Offerings, the Corporation has issued an aggregate total of 5,039,065 Units for aggregate gross proceeds of $3,930,474.27 under the LIFE Offering and 5,027,854 Units for aggregate gross proceeds of $3,921,728.72 under the Private Placement. The Corporation will use the net proceeds of the Offerings to fund the detailed design and engineering at HyProMag USA LLC, the Corporation's drilling program at its Lac Jeannine property, further investment obligations and for general corporate purposes. In connection with the Second Closing, the Corporation paid cash fees and compensation warrants ('Compensation Warrants') to certain agents and finders as follows: $70,540.47 and 90,437 Compensation Warrants to ECM Capital Advisors Ltd.; $6,000.00 and 7,692 Compensation Warrants to Odeon Capital Group LLC; $40,799.91 and 52,308 Compensation Warrants to Integrity Capital Group Inc.; and $12,237.12 and 15,689 Compensation Warrants to INTE Securities LLC. All securities issued to investors in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. About CoTec CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the cymbol CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employes a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector. For more information, please visit Forward-Looking Information Cautionary Statement Statements in this press release regarding the Company, its exepctations regarding the final closing of the Offerings, its investments and the Offerings which are not historical facts are 'forward-looking statements' that involve risks and uncertainties, including statements relating to management's expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known an unknown risks and uncertainties affecting the Company, including by not limited to: general economic, political and market factors in North America and internationally, interest and foreign exchange rates, changes in costs of goods and services, global equity and capital markets, business competition, technological change, changes in government relations, industry conditions, unexpected judicial or regulatory proceedings and catastrophic events. The Company's investments are being made in mineral extraction related assets and technologies which are subject to their own inherent risks and the success of such Investments may be adversely impacted by, among other things: environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. As the investments are being made in mineral extraction technology, such investments will also be subject to risks of successful application, scaling and deployment of technology, acceptability of technology within the industry, availability of assets where technology could be applied, protection of intellectual property in relation to such technology, successful promotion of technology and success of competitor technology. Any material adverse change in the Company's financial position or a failure by the Company to successfully make investments in the manner currently contemplated, could have a corresponding material adverse change on the investments and, by extension, the Company. For further details regarding risks and uncertainties facing the Company, please refer to 'Risk Factors' in the Company's filing statement dated April 6, 2022 and its other continuous disclosure documents, copies of which may be found under the Company's SEDAR+ profile at The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this press release and are encouraged to read the Company's continuous disclosure documents, which are available on SEDAR+ at For further information, please contact: Braam Jonker - (604) 992-5600 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES SOURCE: CoTec Holdings Corp. press release
