Latest news with #PSO
Hindustan Times
21 hours ago
- Hindustan Times
Punjab: Bhucho DSP's asst reader held for taking ₹1-lakh bribe
BATHINDA: The vigilance bureau (VB) arrested a personal security officer (PSO) attached to Bhucho deputy superintendent of police (DSP), red-handed while accepting a bribe of ₹ 1 lakh on Tuesday. The accused in VB custody in Bhucho. The accused has been identified as the head constable Raj Kumar, who was also working as the assistant reader to DSP Ravinder Singh. Kumar was arrested from the DSP office area, which is located on the premises of the women's police station, located near the district administrative complex (DAC). VB inspector Amandeep Singh Brar told reporters that the cash was recovered from the official vehicle of the Bhucho DSP. 'A case under the Prevention of Corruption Act has been registered against Raj Kumar at VB's police station of Bathinda range. More officials would be nominated in the case if an investigation leads to the involvement of more people in the case,' said the VB official. In a statement, VB authorities said the accused police official has been arrested following a complaint filed by a resident of Kalyan Sukha village in tehsil Nathana of Bathinda. It stated that the complainant approached the VB alleging that due to a dispute over agricultural land, the opposite party had registered a false case against her husband and both her sons at the Nathana police station. After her representation, the Bathinda senior superintendent of police (SSP) marked the complaint to the Bhucho DSP to probe the matter. 'Subsequently, Raj Kumar, reader, made two phone calls from the complainant's mobile phone and informed her that he had spoken to the DSP regarding this re-investigation and only the DSP's signature on the report was pending. To get the FIR cancelled, he demanded a bribe of ₹ 2 lakh,' reads the VB statement. It further added that the accused Raj Kumar told the complainant that ₹ one lakh should be paid immediately as the first instalment so that he could get the work done. 'The complainant recorded this conversation on her mobile phone and submitted it to the VB. After verification of the complaint, a VB team from Bathinda range laid a trap and apprehended HC Raj Kumar while accepting the bribe,' adds the statement. Block officer caught red-handed taking ₹ 13k bribe The Punjab Vigilance Bureau (VB) on Tuesday arrested George Masih, block officer, posted at the block development and panchayats office (BDPO), Amritsar, while accepting ₹ 13,000 bribe. VB official spokesperson said the accused was arrested following a complaint lodged by a resident of Bikraur village in Amritsar district. 'The complainant had approached the VB alleging that he wanted to contest panchayat elections from his village in 2024 but could not do so, as a notice declaring him defaulter was issued against him by block officer, Ajnala, stating that he had not cleared outstanding dues of government land measuring four kanals and an FIR would be registered against him in this regard. As per the complaint, the accused asked the complainant that if he wanted to get his name stuck off from the defaulter list and also to get a correction in the revenue record, he had to pay a bribe of ₹ 13,000,' the spokesperson said. The spokesperson said that after preliminary verification of this complaint, a team from the VB unit, Amritsar, laid a trap and apprehended the accused while he was accepting a bribe. A case under the Prevention of Corruption Act has been registered against the accused at VB police station, Amritsar range. The accused would be produced before the court on Wednesday, and further investigation into this case was under progress, the spokesperson said.
Irish Examiner
2 days ago
- Business
- Irish Examiner
Kerry Airport to hit record passenger numbers with new facilities
Kerry airport is heading for record passenger numbers this year, its AGM in Tralee heard on Monday. The airport in Farranfore, which is heavily dependent on government subsidy, reported operating profit after taxation of €1,373,300 for 2024, compared to €1,198,347 in the previous year. However, without the operational expenditure Opex grant — the annual government subsidy for core services at regional airports — Kerry would have recorded a loss of €533,000, the meeting at the Ballygarry Estate Hotel was told. The Opex subsidy amounted to just over €1.392m in 2024, a decrease of €29,000 on the previous year of over €1.42m. The annual allocation is an 'esoteric process,' chairman Denis Cregan said in response to questions from the floor. The grants are published in November, and it is not yet known how much Kerry Airport, a passenger rather than a cargo airport, will be allocated for 2025. Strong performances on fuel bought by Ryanair, corporate jet business, the gift shop, and the carpark operations led to the increase in turnover. However, the county council rates bill, energy costs, and wage costs were challenges. The airport has invested around €5m of its own reserves into new arrivals and departure facilities which will open at the end of July. The spend was felt necessary for passenger convenience at the growing airport. The new facilities will mean a third gate for departures and help ease a queuing situation which has developed. An appeal went out to passengers to arrive early. 'Perhaps because it is Kerry,' people arrived last minute, often 40 minutes before departure, the AGM was told. 'We need to get the message out there: Please come early,' chief financial officer Basil Sheerin said in an appeal to passengers on the Kerry to Germany, Spain, France, London, and Dublin routes. Capital support Capital facilities as such as fire and electric buses and vehicles for internal transport received Capex or government capital support. In 2024, Kerry was allocated 637,000 in capital funding support for improvements to the runway, a new scanner, electric vehicles, and other equipment. In 2025, the allocation would be 1.83m for safety and security and further carbon reduction measures. The focus after the construction of the arrivals hall was building cash reserves to try to entice more airlines, chairman Denis Cregan, said. We are getting back now to building cash reserves to attract new carriers Kerry was very much dependant on Ryanair, including for the regional Dublin to Kerry flight which now operated on a commercial basis, the AGM heard. A better service to Dublin was needed, with earlier departure times, but the airport was dependent on Ryanair, which had taken over the once subsidised route. Should the Ryanair commercial arrangement fail, then the board would lobby the Government to re-instate the government subsidised public service obligation (PSO) route for Kerry, Mr Cregan said. Some of the existing routes by Ryanair had increased, with the Kerry flight to Alicante now operating five times a week. Three French routes with the French carrier Chalair — to Brittany, Normandy, and the Dordogne — were now in place for the next 12 weeks and overall passenger numbers this year were likely to exceed the 420,000 record set in 2009, the meeting heard. Much work was undertaken by the voluntary boards, including marketing supervision, along with efforts to develop new routes. The policy of not paying a dividend so as to further develop the airport was to continue, the well-attended meeting was told. Read More Shannon Airport Group unveils two new directors
Business Recorder
5 days ago
- Business
- Business Recorder
SSGC organises HSE conference
KARACHI: In an innovative initiative to foster inter-company collaboration on workplace safety and sustainability, Sui Southern Gas Company (SSGC) organised its first-ever health, safety, and environment (HSE) knowledge-sharing conference titled 'SafeFuture – HSE for a Sustainable Tomorrow' at its head office auditorium. The event, hosted by the company's HSE&QA Department, brought together experts and senior officials from five major organisations; PSO, PPL, PARCO, MIDAS Safety, and SSGC, to discuss digital transformation in HSE processes, AI-driven safety solutions, and best practices for cultivating a proactive safety culture. In his opening remarks, Saeed Rizvi, Deputy Managing Director (Operations) at SSGC, underscored the critical importance of integrating HSE into core business operations, particularly amid the company's ongoing 2,500-kilometre gas pipeline rehabilitation project. He noted that initiatives like SafeFuture serve as valuable platforms for mutual learning and industry-wide improvements. Highlighting the evolution of SSGC's HSE framework, Madni Siddiqui, Senior General Manager (Upper Sindh and Balochistan), reflected on the department's journey from modest beginnings to a technology-driven unit dedicated to continuous improvement. Delivering a presentation on SSGC's digital shift, Shamail Haider, Acting General Manager (HSE&QA), emphasised the importance of adopting a preventive mindset in workplace safety. He shared insights into the company's transition from a paper-based system to a fully digital HSE web portal. Representatives from other leading energy firms also shared case studies and AI-integrated safety strategies. Speakers included Muhammad Haris of PSO, Abid Hussain of PPL, Jawad Hussain of PARCO, and Syed Muhammad Farooq Ahmed and Aamna Khalid from MIDAS Safety. SSGC's Group General Manager HSE&QA, Shahbaz Islam, presented 'Safety in Action: Building a Culture, not just Compliance', detailing the company's best practices and real-world HSE case studies. He lauded the collaborative spirit of participating companies that contributed to the conference's success. Adding a wellness dimension to the proceedings, fitness expert Yogi Wajahat conducted a session offering practical tips for enhancing health and safety at worksites through physical and mental well-being. Copyright Business Recorder, 2025
Yahoo
6 days ago
- Business
- Yahoo
Down 11.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Pearson (PSO)
Pearson (PSO) has been beaten down lately with too much selling pressure. While the stock has lost 11.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. The heavy selling of PSO shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 28.88. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand. This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering PSO in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 1.2% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, PSO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pearson, PLC (PSO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Fashion Value Chain
6 days ago
- Business
- Fashion Value Chain
New Report Reveals How India and Indonesia Are Quietly Powering a Regional Shift in Philanthropic Collaboration
A new report launched today by Sattva Consulting, with support from WINGS' #LiftUpPhilanthropy Fund, uncovers the emerging architecture of collaboration for development across South and Southeast Asia. titled Strengthening Collective Impact in South and Southeast Asia, the study offers a first-of-its-kind mapping of how philanthropy support ecosystems (PSEs) are enabling or stalling cross-sector partnerships in seven countries: Bangladesh, India, Indonesia, Malaysia, Pakistan, the Philippines, and Sri Lanka. Drawing on 147 multi-stakeholder partnerships (MSPs) across 13 broad sectors, from climate and food security to education and health, the report highlights both progress and persistent gaps in how philanthropic ecosystems are organised, resourced, and connected. 'We're in a moment of profound global uncertainty, marked by conflict, climate extremes, and shrinking aid, where the role of regional philanthropy is more critical than ever. Our research across seven countries reports heartening movements in collective action across topics and stakeholders. Yet, only 13% of multi-stakeholder partnerships (MSPs) include Philanthropy Support Organisations (PSOs) in a backbone role, which is crucial to establishing and scaling collective action, limiting its transformative potential. To respond to today's urgent challenges with the speed, scale, and solidarity they demand, we must invest in building PSO capabilities. Engaging with governments and the private sector is an essential part of establishing sustainable collective action. At Sattva Consulting, we see a clear opportunity to strengthen this ecosystem and unlock the full power of diverse, well-supported MSPs,' Aarti Mohan, Co-founder, Sattva Consulting. Some early signals from the report: India demonstrates the most developed philanthropy support ecosystem in the region, which enables both a significant number of multi-stakeholder partnerships and substantial philanthropic capital flows. In FY 2023-24 alone, approximately USD 280 million in philanthropic capital was directed through MSPs in the country. Indonesia's MSP ecosystem has promising models in climate and food security, backed by growing domestic philanthropy and evolving private-public collaborations. Regional PSOs have a strong focus on influencing government policies as a means to drive collective action. Most MSPs are flying without support , only 13% across the region have a philanthropic support organisation (PSO) playing a backbone coordination role, revealing a critical whitespace for ecosystem actors. Public-Private-Philanthropy Partnerships (PPPPs) are among the most effective approaches for aligning government, private sector, and philanthropic efforts to drive systemic change by influencing policy, fostering innovation, and scaling impactful interventions. Innovative finance is gaining traction, from Indias REVIVE Alliance helping workers and microentrepreneurs to Indonesia's nutrition-focused platforms drawing in private sector investments. But the report isn't just about metrics; it zooms in on how regional collaboration is evolving. It traces the evolution from loosely connected knowledge-sharing networks to more grounded, implementation-focused programmes that inform practice, alongside the emergence of outcomes-based financing models. This is unfolding in parallel with the gradual development of data ecosystems – all against the backdrop of a persistent gap: the absence of dedicated PSO databases in any country. Together, these shifts reflect a developing ecosystem, gaining momentum toward more coordinated and impactful collective action. 'The new report from Sattva highlights just how vital strong philanthropy support ecosystems are to unlocking the full potential of multiâ'stakeholder partnerships across South and Southeast Asia. It shines a light on where collaboration is working-and where greater support is needed-to drive systemic change across sectors and borders. This is precisely the focus of the #LiftUpPhilanthropy (LUP) Fund, launched by WINGS and generously coâ'funded by the European Union, which aims to foster deeper connections, stronger ecosystems, and a more enabling environment for philanthropy to catalyse meaningful and lasting impact,'Jodel Dacara, Regional Coordinator for Asia and the Pacific. The study also highlights the role of regional conveners like Asian Venture Philanthropy Network (AVPN), Philanthropy Asia Alliance (PAA), and Asia Philanthropy Circle (APC) in strengthening collaboration across borders. The full report includes country-specific analyses, best practices for enabling MSPs, and actionable recommendations for ecosystem actors working to drive more effective and collaborative development outcomes across the region. About Sattva Consulting Sattva Consulting is an Indian-origin global impact consulting firm. Our work spans 25 countries and 5 continents as we engage with communities, businesses and governments to deliver societal impact at scale since 2009. We believe that civil society, business, and government all have a critical role to play in building an equitable and sustainable world, and we actively partner with all stakeholders to enable impact through our research & advisory services, knowledge platforms and collaborative initiatives. About WINGS WINGS is a network of over 230 members, consisting of philanthropy associations, networks, academic institutions, support organisations, and funders, across 58 countries, whose purpose is to strengthen, promote and provide leadership on the development of philanthropy and social investment to promote and develop philanthropy and contribute to a more effective and diverse civil society.
