Latest news with #HMI
North Wales Live
21-07-2025
- Business
- North Wales Live
Bills go up another 3pc with people spending £52.14 a day on essentials
Average household bills in the UK have risen by another 3%, with 'essential spending' now more than £50 a day. MoneySuperMarket's Household Money Index (HMI) found that from April to June, average household bills hit £52.14 a day - the equivalent of £1,564.25 a month. This marks a jump since the first quarter of the year, when the daily spend was £50.81, adding an extra £39.88 to monthly outgoings. The data shows disposable income fell by 33% - with the average person reporting £513.75 left at the end of each month after their bills and outgoings. Despite the overall drop, respondents did report some savings. Spending on energy fell by 9%, from £110.20 a month to £100.20, mortgages (11%, from £248.40 to £223.50), pet costs (8%), loan repayments (3%) and news subscriptions (3%) also fell. However, these were cancelled out in other areas of spending, from childcare/school costs (+10%) through to health insurance (+22%) and life insurance (+13%), water bills (+11%) groceries (+4%), gym memberships (+21%), TV streaming subscriptions (+25%) and gaming (+28%). These along with rises in services such as broadband - creeping up 8% to £42.70 - and mobile contracts - up from £25.30 to £29.60 - highlights how people may be jolted into taking action to look for better deals. Dad of four Adam Berry from Bishop's Stortford, in Hertfordshire, said: 'I've definitely noticed my household bills going up in the past few months. That's why I've been so much more on it in terms of looking around for savings, and switching when I can find cheaper deals. 'Most of the time switching is so easy that I will swap for a few quid - in June, I swapped my mobile phone contract and saved £3 a month, or £36 in a year, and I've saved £780 a year on my TV and broadband packages. With bills going up all the time, why wouldn't you make as many savings as you can?' Lis Barton, Chief Customer Officer of MONY Group - the parent company of MoneySuperMarket - said: 'As household bills climb, it's more important than ever for people to look around for the best deal. Energy bills have eased off for many this summer, helped along by a lower price cap, milder weather, and more fixed-rate deals on the table - offering a bit of breathing space in a still-volatile market. "However, there are some bills that are more difficult to cut, like water and childcare costs. These latest figures show that spending has also risen on broadband and mobiles. Spending on health insurance has also increased since our last report, highlighting a growing expenditure for many families. Checking that you're getting the best deal on these essential household bills could soon add up to savings that make a difference to your monthly finances."
Scottish Sun
20-07-2025
- Business
- Scottish Sun
How rich are YOUR neighbours? Disposable income in cities across Britain revealed
Use our table to see how much more your neighbours are earning each year POCKET MONEY How rich are YOUR neighbours? Disposable income in cities across Britain revealed Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE UK cities with the highest disposable income have been revealed. Residents in Belfast have the highest level of disposable income compared to any other British city, according to new figures from MoneySuperMarket's Household Money Index (HMI). Sign up for Scottish Sun newsletter Sign up The quarterly report tracks how much people in the UK spend on various bills and everyday expenses. Dwellers in the Northern Irish city have a total of £923.28 left over every month after bills, spending 57.9% of their wages on wifi, rent and other costs. The average resident spends £1343.47 per month on outgoings, which is one of the lowest compared to other UK cities. The figure is a whopping £884.74 more than what locals in Plymouth have to live on after other outgoings are paid. Residents in the port city spend 93.5% of their wages on bills, leaving £117.54 left over at the end of the month. And plenty of other residents in the UK cities also have little to spend after shelling out on their mortgage and other bills. In Nottingham, the average household has just £175.53 worth of disposable income to play with every month after spending £1313.72 on bills. Meanwhile, in Birmingham residents have just £268.39 left over after paying £1728.36 on utilities. And the figures show that earnings after tax also varies greatly from city to city. Londoners take home an average of £30,930 every year after tax, which is a whopping £13,059 more than the average Nottingham resident. Household Support Fund But people in the capital are often paid more due to a combination of factors including a higher cost of living and concentration of high-paying jobs. For example, the average rent in London for June 2025 was £2,252, according to new figures from the ONS. This is compared to Nottingham where renters paid £982 in June. Household bills rise But regardless of location the average Brit is being asked to pay more. Figures show the average household spend on essential bills and everyday outgoings has jumped by £38.95 per month from May 2024 to July 2025. Furthermore, disposable income fell by 33% from April to July 2025. The average person has just £513.75 left at the end of each month after their bills and outgoings. It comes despite the spending on energy falling by 9%, from £110.20 a month to £100.20, as Ofgem's new energy price cap came into force. Mortgage costs have also reduced as the market pins its hopes on a base rate cut in August. But many of these dips have been offset by other rising household costs such as childcare and water bills. Childcare and school costs have risen by 10%, while water bills have risen by 11% on average. Back in April, the average annual water and wastewater bill increased by £123, taking it from £480 to £603. Lis Barton, chief customer officer of MONY Group - the parent company of MoneySuperMarket - said checking you're getting the "best deal on essential household bills could soon add up to savings". She explained: "Energy bills have eased off for many this summer, helped along by a lower price cap, milder weather, and more fixed-rate deals on the table - offering a bit of breathing space in a still-volatile market. "However, there are some bills that are more difficult to cut, like water and childcare costs."
NDTV
17-07-2025
- Sport
- NDTV
Top Defence Official Meets Mountaineering Team That Scaled Everest, Kilimanjaro
New Delhi: Defence Secretary Rajesh Kumar Singh on Thursday formally flagged off mountaineering expeditions to Mount Everest and Mount Kilimanjaro, saying these two achievements have set a new benchmark for youth in leadership in adventure sports activities. "By successfully summiting Mount Everest and Mount Kilimanjaro, the teams have set new benchmarks to inspire young mountaineers across the country and the world at large," he said. The expedition to Mount Everest was conducted to commemorate 60 years of the Nehru Institute of Mountaineering (NIM), Uttarkashi, Uttarakhand. It was organised in collaboration with the Himalayan Mountaineering Institute (HMI), Darjeeling, West Bengal and Jawahar Institute of Mountaineering and Winter Sports (JIM&WS), Pahalgam, Jammu & Kashmir. Defence Secretary Shri Rajesh Kumar Singh today flagged-in the successful mountaineering expeditions to Mt #Everest and Mt #Kilimanjaro, undertaken by teams from premier MoD institutes including NIM, @HMIDarjeeling, @jimwsofficial and NIMAS. The Kilimanjaro expedition featured a… — Ministry of Defence, Government of India (@SpokespersonMoD) July 17, 2025 The expedition to Mount Kilimanjaro (Africa's highest peak) was organised by HMI and undertaken by a team comprising a Divyangjan member, Uday Kumar, having a 91 per cent above-knee amputation. In his address, the Defence Secretary lauded the indomitable spirit, determination and courage of both the teams, emphasising that these missions were not just about scaling the peaks, but also about showcasing India's mountaineering excellence and leadership in adventure sports activities. Rajesh Kumar Singh added that Prime Minister Narendra Modi has always emphasised the importance of youth empowerment, self-reliance and adventure as a source of building a strong, resilient and fearless India. He termed the four mountaineering institutes of the Ministry of Defence - HMI, NIM, JIM&WS and National Institute of Mountaineering and Adventure Sports (NIMAS) - as shining examples of this vision. The expedition to Mount Everest was led by Principal, NIM Col Anshuman Bhadauria. The other team members were Col Hem Chandra Singh (Deputy Leader) and instructors from the three institutes, Rakesh Singh Rana, Sub Bahadur Pahan, Hav Rajendra Mukhiya, Nk Thupstan Tsewang and Pasang Tenzing Sherpa. The team climbed through the Khumbu Valley and summited Mount Everest, the world's highest peak, on May 23, 2025. This expedition was aimed at providing first-hand Everest experience to instructors, enabling them to inspire and train future generations of mountaineers. The Mount Kilimanjaro expedition was led by Principal, HMI, Darjeeling Group, Capt Jai Kishan. The other team members were Captain Shruti, Sub Mahendra Kumar Yadav, Pawel Sharma and Sulaxchana Tamang. On August 8, 2024, the expedition team set a world record by displaying the largest national flag atop Mount Kilimanjaro. Subsequently, the team displayed the national flag underwater at a depth of 35 feet in the Indian Ocean off Dar es Salaam, Tanzania, followed by the first-ever tandem skydive by a Divyangjan team on the African continent. This expedition set milestones across all three domains, land, water and air, proving that no frontier is beyond reach.
United News of India
17-07-2025
- Politics
- United News of India
Defence Secy flags in Everest, Kilimanjaro expeditions; hails teams' courage, spirit
New Delhi, July 17 (UNI) Defence Secretary Rajesh Kumar Singh today flagged in the mountaineering expeditions to Mount Everest and Mount Kilimanjaro and lauded the spirit, determination and courage of both the teams. In his address, the defence secretary emphasised that these missions were not just about scaling the peaks, but also about showcasing India's mountaineering excellence and leadership in adventure sports activities, a Defence Ministry statement said. By successfully summiting Mount Everest and Mount Kilimanjaro, teams have set new benchmarks to inspire young mountaineers across the country and the world at large, he said. Rajesh Kumar Singh added that Prime Minister Narendra Modi had always emphasised the importance of youth empowerment, self-reliance and adventure as a source of building a strong, resilient and fearless India. He termed the four mountaineering institutes of Ministry of Defence -- HMI, NIM, JIM&WS and National Institute of Mountaineering and Adventure Sports (NIMAS) -- as shining examples of this vision. The expedition to Mount Everest was conducted to commemorate 60 glorious years of Nehru Institute of Mountaineering (NIM), Uttarkashi, Uttarakhand. It was organised in collaboration with the Himalayan Mountaineering Institute (HMI), Darjeeling, West Bengal and Jawahar Institute of Mountaineering & Winter Sports (JIM&WS), Pahalgam, Jammu & Kashmir. The expedition to Mount Kilimanjaro (Africa's highest peak) was organised by HMI and undertaken by a team comprising a Divyangjan member Uday Kumar having a 91 per cent above-knee amputation. The expedition to Mount Everest was led by Principal, NIM Col Anshuman Bhadauria. The other team members were Col Hem Chandra Singh (Deputy Leader) and instructors from the three institutes Rakesh Singh Rana, Sub Bahadur Pahan, Hav Rajendra Mukhiya, Nk Thupstan Tsewang and Pasang Tenzing Sherpa. The team climbed through the Khumbu Valley and summited Mount Everest, the world's highest peak, on May 23. The expedition to Mount Kilimanjaro was led by Principal, HMI, Darjeeling Gp Capt Jai Kishan. The other team members were Captain Shruti, Sub Mahendra Kumar Yadav, Pawel Sharma and Sulaxchana Tamang. On August 8, 2024, the expedition team set a world record by displaying the largest national flag atop Mount Kilimanjaro. Subsequently, the team displayed the national flag underwater at a depth of 35 feet in the Indian Ocean off Dar es Salaam, Tanzania followed by first-ever tandem skydive by a Divyangjan team on the African continent. UNI RBE PRS
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Business Standard
11-07-2025
- Automotive
- Business Standard
Nuvama initiates 'Buy' on Hyundai India, sets ₹2,600 target on growth push
Nuvama on Hyundai India: Automobile company Hyundai Motor India (HMI) is likely to stay in the spotlight today after domestic brokerage Nuvama initiated coverage with a 'Buy' rating and a target price of ₹2,600, which reflects a 24.3 per cent upside from the last close of ₹2,091.65 on the BSE. Analysts at Nuvama said the company is entering a high-growth phase supported by a strong launch pipeline and backing from global parent Hyundai Motor Company (HMC). HMI, India's second-largest passenger vehicle (PV) original equipment manufacturer (OEM), is planning 26 launches by FY30, including 7-8 all-new models. 'Over the next 18 months, we expect a new compact SUV, a micro E-SUV and multiple refreshes, ratcheting up HMI's domestic MS by ~1pp to 15 per cent by FY28E,' Raghunandhan NL, Manav Shah, and Rahul Kumar of Nuvama said, in a note, 26 launches by FY30, market share set to rise The product roadmap, analysts suggested, includes facelifts for models like Venue, Verna and Exter, along with new entries based on the Bayon platform (to compete with Maruti Fronx) and a micro electric SUV to rival Tata Punch EV. Nuvama expects this aggressive expansion to lift Hyundai Motor India's domestic volume/revenue CAGR to 6 per cent/9 per cent over FY25–28, aided by SUV mix and premium features like ADAS and sunroofs. Parent support brings tech, global access The company gains a major edge from its parent Hyundai Motor Company (HMC), the world's third-largest mass-market PV maker, with over 40 models sold across more than 200 countries. With $2.9 billion in average annual research and development (R&D) spend (2.5 per cent of revenue), the parent firm enables Hyundai India to fast-track innovation and expand exports. Export volume/revenue CAGR is expected at 9 per cent/11 per cent over FY25–28, with strong demand from Latin America, Africa, and recovery in Asia and the Middle East, analysts noted. Solid financials back valuation Nuvama projects Hyundai Motor India to clock revenue/Ebitda CAGR of 9 per cent/12 per cent with a 57 per cent average RoIC over FY25–28. Annual free cash flow is estimated at ₹4,300 crore during FY26–28, pushing net cash from ₹7,800 crore in FY25 to ₹17,200 crore in FY28. The ₹2,600-target is based on a discounted cash flow (DCF) model implying 30x Sep-27E core PE plus ₹117/share in net cash. Risks to watch Potential risks, analysts believe, include weaker-than-expected domestic or export growth, poor product performance amid heightened competition, and margin headwinds from discounting or currency and commodity volatility.
