Tag: llv news

  • Gensol Engineering Shares Fall 5% After Major Investment Announcement

    Gensol Engineering Shares Fall 5% After Major Investment Announcement

    Shares of Gensol Engineering, a company that specializes in solar power, fell 5% to ₹289.90 during early trading on the Bombay Stock Exchange (BSE) on Tuesday, March 11. This drop happened after the company’s promoters said they would invest ₹28.99 crore by changing some warrants into shares.

    In a statement, Gensol Engineering confirmed that its promoters are showing strong support for the company’s future by investing ₹28,99,99,885.50 (that’s Twenty-Eight Crores and Ninety-Nine Lakhs Ninety-Nine Thousand Eight Hundred Eighty-Five and Fifty Paise). The promoters will buy a total of 4,43,934 shares at ₹871 each. This money will help Gensol grow in renewable energy and electric vehicles.

    This new investment comes after some news that credit agencies downgraded the company’s ratings. Gensol also announced that its Chief Financial Officer (CFO) resigned to seek other opportunities. On Monday, the company’s shares already closed down by 5% at ₹305.15.

    Gensol Engineering is now under the Additional Surveillance Measure (ASM): Stage 1, which is a rule used by the Securities and Exchange Board of India (SEBI) to protect investors from trading that is too risky or speculative. Being in ASM Stage 1 means the stock is experiencing high price changes or volatility.

  • Duterte Detained: Facing ICC Charges for Drug War Actions

    Duterte Detained: Facing ICC Charges for Drug War Actions

    Former President Rodrigo Duterte of the Philippines was taken into custody when he landed at Manila airport. This happened because the International Criminal Court (ICC) issued a warrant for his arrest. Duterte is being accused of crimes against humanity because of his “war on drugs” policy during his time as president. This policy, which started in 2016, is linked to many cases where unarmed people suspected of using drugs were killed by both police and vigilantes. The ICC began looking into these accusations in 2019.

    Duterte spoke at a rally in Hong Kong, expressing that he would cooperate if the ICC wanted to arrest him. He defended his actions, saying he did them for the good of the people. He asked, “If I did them for my own sake or my family, why would I do it? I did it for you, your children, and our country.” He insisted, “What’s my crime? I worked hard for peace and a better life for all Filipinos.”

  • Elon Musk Blames Ukraine for X Outage Amid Darkstorm Hacking Claims

    Elon Musk Blames Ukraine for X Outage Amid Darkstorm Hacking Claims

    On Monday, Elon Musk, who owns the social media platform X (formerly Twitter), said that Ukrainian forces might be behind a major cyberattack that caused the site to go down. A hacking group called Darkstorm claimed they were responsible for taking X offline. In a chat with Fox News, Musk explained, “We don’t know exactly what happened, but there was a huge cyberattack on X coming from IP addresses in Ukraine.”

    In a post on X, Musk said, “There is a big cyberattack against X. We get attacked every day, but this one took a lot of resources. It looks like a large team or a nation is involved.”

    Many people reported problems using X, including around 2,000 users in India, 18,000 in the US, and 10,000 in the UK. Darkstorm, which supports Palestine and often targets countries that back Israel, said they were behind the attack.

    As tensions grew between the US and Ukraine, Musk shared worries about Ukrainian groups that might be working with USAID, and even mentioned that some officials from the Trump administration were being targeted. However, Musk assured that his Starlink communications service would keep running in Ukraine no matter what. “To be clear, even if I disagree with Ukraine’s policies, Starlink will never shut down,” Musk stated.

  • Syngene Acquires U.S. Facility, Boosting Biologics Capacity

    Syngene Acquires U.S. Facility, Boosting Biologics Capacity

    Syngene International is making headlines as it has just bought a new biologics facility in the United States from Emergent Manufacturing for $36.5 million. This is an important step for Syngene because this new site will help them expand their bioreactor capacity to 50,000 liters. This means they can do more work on developing and manufacturing large molecules, which are important for medicine.

    The acquisition will also help Syngene keep delivering supplies smoothly from their four facilities in India and North America. They offer many services like cell line development and process optimization.

    Emergent, which had to close this facility last year to save costs, still has rights to use the facility alongside Syngene. Although the facility had some quality issues during the pandemic, it has been cleared by the U.S. Food and Drug Administration (FDA) and is now fully compliant with rules.

    This deal is expected to be finalized by March 2025, and it will double Syngene’s bioreactor capacity from 20,000 liters, boosting their capabilities in large molecule work. However, Syngene’s CFO, Deepak Jain, mentioned that it might slightly lower profit margins in the short term because of the expenses linked to the new facility.

    Share prices for Syngene fell by 1.96% and lagged behind their rivals over the past year. However, they have seen a positive return of 20.02% over the last three years. According to Trendlyne data, Syngene’s performance over the past year has not impressed compared to their sector, industry, Sensex, and Nifty50.

  • Anupam Rasayan Secures $106M Deal: What It Means for Investors

    Anupam Rasayan Secures $106M Deal: What It Means for Investors

    Anupam Rasayan India, a chemical company, is in the spotlight as it just signed a 10-year deal worth $106 million (about Rs 922 crore) with a South Korean company known for specialty chemicals. This agreement will help supply advanced chemicals starting in the financial year 2026. The CEO of Anupam Rasayan, Gopal Agrawal, mentioned that this long-term deal shows their strong research and development skills and commitment to creating innovative products. The chemicals involved are important for the aviation and electronics industries.

    This partnership also helps Anupam Rasayan expand its presence in South Korea, a leading manufacturing country, which is great news for the company’s future growth.

    Stock Update: According to NiftyStat, the average target price for Anupam Rasayan’s shares is Rs 710, indicating a possible 10% decrease from current prices. Nine analysts recommend holding onto the stock.

    Technical Analysis: The stock’s relative strength index (RSI) is at 72.6, which suggests it’s becoming overbought (more than 70 means it’s potentially too expensive). The MACD, another tool for measuring stock trends, shows a bullish signal at 1.7. Anupam Rasayan’s shares are performing well, trading above all its moving averages for various periods.

    Recent Performance: On Monday, Anupam Rasayan shares closed at Rs 787.7, with a small increase of 0.9%, while the overall stock market fell by 0.29%. However, the stock has dropped 16% over the past year and only increased by 5% in the last two years. The company’s total value in the market is around Rs 8,659 crore.

    (Disclaimer: The opinions and suggestions expressed belong to experts and do not reflect the views of Thellv.news)

  • Duterte Faces Possible Arrest Over ‘War on Drugs’ as ICC Issues Warning

    Duterte Faces Possible Arrest Over ‘War on Drugs’ as ICC Issues Warning

    The Philippines is anxious as news spreads that the International Criminal Court (ICC) might issue a warrant to arrest former President Rodrigo Duterte over his controversial “war on drugs.” This policy led to the deaths of many Filipinos during his presidency.

    Duterte, who is currently in Hong Kong, has stated he will accept arrest if the ICC goes through with the warrant. However, the current Philippine government, led by President Ferdinand Marcos Jr., has not received any official news about an arrest warrant from Interpol.

    Recently, a video showed the head of the Philippine National Police and an Interpol representative at the airport in Manila, which added to the speculation. Duterte’s “war on drugs” started when he became president in 2016. He promised to eliminate drug dealers, which led to serious accusations. Human rights groups claim that police and some vigilantes killed many unarmed people suspected of using drugs, while the authorities have denied these claims.

    The ICC is investigating possible crimes against humanity linked to Duterte’s drug policy. Although Duterte pulled the Philippines out of the ICC, President Marcos’s government has indicated they could arrest him if necessary. A government spokesperson, Claire Castro, said the police are prepared to act if they receive an official request from Interpol.

  • IIT Madras Launches New Admission Route for Science Olympiad Winners

    IIT Madras Launches New Admission Route for Science Olympiad Winners

    The Indian Institute of Technology (IIT) Madras has started a new way for students to get into its undergraduate programs. This program, called ‘Science Olympiad Excellence’ (ScOpE), is for students who have done very well in national and international science competitions.

    Starting from the academic year 2025-2026, students can apply for admission without going through the regular JEE (Advanced) exams. This is similar to how some students get admitted through sports and fine arts.

    Each program will have two extra seats just for these applicants, and one seat will be reserved specifically for female students. To apply, candidates must have completed Class 12, just like those applying through JEE (Advanced). The age limit and other rules will also be the same. However, students who have studied at an IIT before cannot apply.

    Eligible candidates need to be Indian citizens or have an Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) card that was issued before March 4, 2021. They also need to have participated in at least one major science competition in the last four years, such as:

    – Mathematics: International Mathematical Olympiad Training Camps (IMOTC) organized by Homi Bhabha Centre for Science Education (HBCSE).
    – Physics, Chemistry, Biology: Orientation-cum-Selection Camps (OCSCs) organized by HBCSE.
    – Informatics: International Olympiad for Informatics Training Camp (IOITC) organized by the Indian Association for Research in Computer Science (IARCS).

    The director of IIT Madras, Prof. V. Kamakoti, said that this new program is about inviting students who are curious and creative thinkers. He believes that real breakthroughs come from exploring ideas rather than just memorizing facts.

    Admission to programs through ScOpE will depend on a special ranking list called the ScOpE Rank List (SRL), based on each candidate’s performance in five Olympiads: Physics, Chemistry, Mathematics, Informatics, and Biology. More details on how the ranking will be created will be available on their website.

  • Odell Beckham Jr. Speaks Out on Diddy Lawsuit Allegations

    Odell Beckham Jr. Speaks Out on Diddy Lawsuit Allegations

    Odell Beckham Jr. is in the news after being named in a serious lawsuit with Sean “Diddy” Combs. A woman has accused Odell and others, including comedian Druski and singer Jaguar Wright, of sexual assault, drugging, and kidnapping. The lawsuit was first filed last October, but it was recently updated to include Odell’s name. The woman is asking for $50 million as compensation for her claims.

    On social media, Odell, who is 32 years old, expressed his shock at these accusations. The woman claims the attack made her feel powerless and unable to move. Both Odell and Druski deny the allegations. Odell responded to Druski’s post on X (formerly Twitter), expressing his disbelief and faith in God, saying, “This world makes no sense. I know who I am and who you are. Stay strong. The truth will come out.”

    Druski, 30, added that he was not a well-known person back in 2018 when the alleged incident happened. He said he was poor and lived with his mom, which makes the accusation seem ridiculous. Druski said, “My heart goes out to real victims of abuse, but I’m sure the proof will show that this is false and that people are trying to take advantage of the legal system.”

  • JEE Mains 2025 Session 2: Exam Schedule Revealed

    JEE Mains 2025 Session 2: Exam Schedule Revealed

    The National Testing Agency (NTA) has announced the official dates for the JEE Mains 2025 Session 2 exams. This information was shared on Monday, March 10, 2025. If you registered for the JEE Mains 2025 Session 2, you can find the exam schedule on their official website: jeemain.nta.nic.in.

    Here are the key details:
    – Exam Dates: The JEE Mains Session 2 will take place from April 2 to April 9, 2025.
    – Paper 1 (B.E/B.Tech):
    – First Shift: 9 AM to 12 PM
    – Second Shift: 3 PM to 6 PM
    – Paper 2A (B.Arch) and Paper 2B (B.Planning):
    – First Shift: 9 AM to 12:30 PM

    The NTA will also soon share details about where students will take their exams and release the admit cards. The exam city slip will tell you the location of your exam center, so you can plan your travel. However, you do not need to bring this slip on exam day.

    The admit card is important; it will have your exam center’s name and address. Remember, you must bring your admit card and other required documents on the exam day.

    How to Download the Exam Schedule:
    1. Go to the official NTA JEE Mains website: jeemain.nta.nic.in.
    2. On the home page, click on the link that says “Examination Schedule for JEE (Main) 2025 Session 2.”
    3. A PDF of the exam schedule will appear. Download it and keep a printed copy for your reference.

  • Bihar BJP MLA Faces Backlash for Controversial Holi Comments

    Bihar BJP MLA Faces Backlash for Controversial Holi Comments

    A BJP MLA in Bihar caused a stir recently by suggesting that Muslims should stay indoors during Holi. This comment led to strong pushback from Tejashwi Yadav, the Leader of the Opposition, who called for action against the MLA and urged Chief Minister Nitish Kumar to reprimand him.

    Haribhushan Thakur Bachaul, the MLA from Madhubani district, made the controversial remarks while speaking to reporters at the state assembly. He stated, “I want to tell Muslims that there are 52 Fridays in a year. The Friday this week falls on Holi. So, they should allow Hindus to celebrate without taking offense if colors are splashed on them. If they don’t like it, they should stay at home. This is important for keeping peace between communities.”

    When questioned about Muslims fasting during Ramadan, Bachaul replied that they have “double standards.” He added, “They love selling colors during Holi, but if a little gets on their clothes, they complain.”

    Tejashwi Yadav strongly criticized Bachaul, reminding him that Bihar is not ruled by him alone. Yadav stated, “We need to file an FIR against him for stirring up communal conflict. In Bihar, every Muslim is supported by many Hindus.” He also asked Chief Minister Nitish Kumar to talk to Bachaul about his harmful words.

    The state’s minority affairs minister, Zama Khan, assured that there will be no problems during the festival and that officials have been instructed to maintain harmony.