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Domestic telecom gear maker HFCL inaugurated its defence equipment manufacturing facility in Hosur, Tamil Nadu, the company said on Tuesday. The new facility will produce defence technologies , including HFCL's indigenously developed thermal weapon sights , electronic fuzes, high-capacity radio relay (HCRR) systems and surveillance radars. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America "HFCL is proud to inaugurate this advanced defence equipment manufacturing facility in Hosur, which symbolises our unwavering dedication to innovation, excellence, and national progress. This facility will allow us to deliver world-class defence technologies to armed forces, enabling them to operate with greater efficiency and confidence in critical missions," HFCL Managing Director Mahendra Nahata said. The facility has the capacity to manufacture up to 5,000 thermal weapon sights, 250,000 electronic fuzes, 1,000 units each of high-capacity radio relays and ground surveillance radars annually, the statement said. HFCL's thermal weapon sights are compatible with small arms, such as rifles, light machine guns (LMGs), and rocket launchers, and offer features like high-resolution imaging etc. (You can now subscribe to our Economic Times WhatsApp channel )Manitoba Premier Wab Kinew's popularity shows little sign of waning more than a year after he led the provincial New Democrats to power. But there are some tough choices ahead as he tries to fulfil promises to improve health care, address poverty and get the government's finances in order. Kinew has carried through on election promises to hire more health-care workers, expand school nutrition programs and temporarily suspend the provincial fuel tax for a one-year period that is to end Jan. 1. The NDP government has also announced extra funding for the arts, policing and other items. Opinion polls continue to rank highly the NDP as a party and Kinew as a premier. What Kinew has yet to show is a plan to control spending in order to balance the budget by 2027 -- another campaign promise -- and end a long series of deficits in Manitoba, said political analyst Paul Thomas. "At some point, you have to make hard choices," said Thomas, professor emeritus of political studies at the University of Manitoba. "You don't get to continue to say yes to most requests that come along." In a year-end interview with The Canadian Press, Kinew said he's working on ways to add front-line staff to health care while finding cost savings elsewhere. The Health, Seniors and Long-Term Care ministry -- by far the biggest-spending government department -- was allocated hundreds of millions of more dollars in this year's budget to boost staffing levels and add hospital beds. A mid-year fiscal update earlier this month said the department was on track to spend even more and run $438 million over budget. "I think it's important for us to keep that flexibility with health spending right now because we are trying to match the needs of the health-care system to the population," Kinew said. "A lot of what we're doing right now is trying to get through this transitional period of scaling up health care to the appropriate size." When pressed for specifics on where the government is cutting costs, Kinew hinted there was guidance being given to some departments. "We are looking at making sure that the belt tightening that we do is more like, 'Do you really need that software subscription? Does the lobby really need a new coat of paint in someone's office?"' Kinew said. "Things like that, which individually are smaller-scale decisions, but over an apparatus the size of the provincial government ... it does total tens of millions of dollars." The latest deficit projection for the current fiscal year is $1.3 billion -- $513 million higher than the original budget projection. The government will face new spending requirements as it ramps up, among other initiatives, new programs to tackle homelessness. Kinew is a gifted public speaker and communicator who connects with the public as empathetic and caring, Thomas said. The premier also uses social media well and his New Democrats often set up news conferences in community settings where supporters and funding recipients are in attendance and applauding. The New Democrats are also helped by the state of the Opposition Progressive Conservatives, who are still working to rebuild after losing the last election and are under an interim leader until their convention slated for April, Thomas added. Kinew's public missteps have been few so far, and Thomas said the premier has moved quickly to address them before controversy can grow. Kinew came under fire in September after Mark Wasyliw was removed from the NDP caucus. Kinew said it was because Wasyliw's former law partner was representing convicted sex offender Peter Nygard. The legal community said the premier was attacking the role defence lawyers play in the justice system. Kinew apologized and the New Democrats cited other reasons for Wasyliw's dismissal. The NDP also backtracked quickly in the spring after initially cutting funding for "green team" youth summer jobs. Many community groups denounced the move, and funding was partially restored. "Issues have come and gone, but it hasn't dented (the NDP's) image and reputation," Thomas said. This report by The Canadian Press was first published Dec. 24, 2024.
PSX witnesses bearish trend, loses 1,509 pointsATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. ___ Follow Wayne Parry on X at www.twitter.com/WayneParryAC
Some of John Fetterman’s former staffers are upset he’s open to voting for Mehmet Oz, who they spent their campaign attacking
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Adagene Inc. ( NASDAQ:ADAG – Get Free Report ) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 65,300 shares, an increase of 88.2% from the November 30th total of 34,700 shares. Based on an average daily trading volume, of 60,200 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are short sold. Institutional Inflows and Outflows An institutional investor recently bought a new position in Adagene stock. Mill Creek Capital Advisors LLC bought a new stake in Adagene Inc. ( NASDAQ:ADAG – Free Report ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,908 shares of the company’s stock, valued at approximately $202,000. Mill Creek Capital Advisors LLC owned about 0.21% of Adagene at the end of the most recent quarter. 9.51% of the stock is owned by institutional investors. Adagene Price Performance Shares of ADAG opened at $1.96 on Friday. The company’s 50-day moving average is $2.41 and its 200-day moving average is $2.54. Adagene has a fifty-two week low of $1.60 and a fifty-two week high of $4.38. Analysts Set New Price Targets Check Out Our Latest Analysis on ADAG About Adagene ( Get Free Report ) Adagene Inc, a clinical stage biotechnology company, engages in the research, development, and production of monoclonal antibody drugs for cancers. The company's product candidates include ADG106, a human ligand-blocking agonistic anti- CD137 IgG4 monoclonal antibodies (mAbs) that is in Phase 1b/2 clinical trials for the treatment advanced solid tumors and non-Hodgkin's lymphoma; ADG126, a masked fully-human anti-CTLA-4 mAb that is in Phase 1 clinical trial for the treatment advanced/metastatic solid tumors; and ADG116, a human ligand-blocking anti-CTLA-4 mAb, which is in Phase 1b/2 clinical development for the treatment of advanced/metastatic solid tumors. See Also Receive News & Ratings for Adagene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adagene and related companies with MarketBeat.com's FREE daily email newsletter .Some of John Fetterman’s former staffers are upset he’s open to voting for Mehmet Oz, who they spent their campaign attacking
Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’
Why was Rami Ranger stripped of his CBE? A battle over free speech and community valuesNoneBy MICHAEL MAROT AP Sports Writer INDIANAPOLIS — Oregon quarterback Dillon Gabriel came to Indianapolis in July with a purpose. He wanted a sense of what Lucas Oil Stadium was like before making what he hoped would be a return trip in December. On Saturday night, he’ll be back on the same turf. Plenty has changed for Gabriel and the Ducks since they came to town all those months ago for their inaugural Big Ten media day appearance. No. 1 Oregon sits atop the playoff seedings, remains the last unbeaten team in major college football and Gabriel has a new title – Big Ten Offensive Player of the Year. It’s been a dream season in every way for the soon-to-be 24-year-old Gabriel, right down to leading the Ducks into the conference championship game he’s been expecting. “If we didn’t think we’d be there, I wouldn’t have attended,” Gabriel said. “But I just felt really good about it. I was glad we were able to go see it (Lucas Oil), feel it, smell it. It was a good experience. Now that we’re going back with the whole squad, everyone’s excited.” Winning a conference title in his final season – and Oregon’s first season in its new league – would be the cherry on top for Gabriel now that both teams are virtual locks to make the first 12-team College Football Playoff. The winner likely earns a first-round bye, while the loser probably hosts a first-round game. There is big money at stake: The Big Ten stands to get $4 million for each school that makes the CFP and the payouts escalate beginning with the semifinals to $6 million per school; a conference whose school makes a run from the first round to the title game gets $20 million. The CFP also provides millions to cover expenses. While Oregon (12-0, 9-0 Big Ten, No. 1 CFP) was a preseason favorite to be back in town this weekend, No. 3 Penn State wasn’t supposed to make it after losing to then-No. 4 Ohio State. But the Nittany Lions (11-1, 8-1, No. 3 CFP) rebounded by winning their last four and got help last weekend when Michigan upset the Buckeyes. It’s the first time Penn State has reached a Big Ten championship title game since beating Wisconsin in 2016 – and they don’t intend to go home empty-handed this time, either. “Being from Pennsylvania, seeing that game from 2016, like I always imagined being in these shoes, being in that moment, trying to win a Big Ten championship,” running back Nick Singleton said. “Being in that moment right now feels good, but we’ve got to go out there and win it.” Gabirel concurred. “When you walk in that building everyone is excited to do stuff and ready to go,” he said. “So it’s about execution, playing clean and being who we are.” Under pressure? Though Penn State quarterback Drew Allar and Gabriel are ranked seventh and eighth in FBS passing efficiency this season, both could be under serious pressure Saturday. Defensive ends Matayo Uiagalelei of Oregon and Abdul Carter of Penn State are two of the nation’s premier pass rushers. Uiagalelei is tied for ninth nationally with 101⁄2 sacks while Carter is tied for 12th with 10. The Ducks also have another fearsome pass rusher in defensive end Jordan Burch (81⁄2). It will be a major challenge for both offensive lines, especially if Oregon right guard Marcus Harper II is out (knee). Penn State certainly isn’t complaining about playing for a trophy, but it scrambled the schedule. It began with Coach James Franklin calling an audible during last Saturday’s postgame speech, announcing that Sunday’s scheduled off-day had been scrapped so they could start cramming for Oregon. That was just the start. “It was going to be a week for rest and recovery, some strategic practices,” he said Sunday. “But we always have to be prepared for these different scenarios. So right after the game I told them, ‘We’re going to practice Sunday.’ Now it’s back to a normal week.” Franklin will be chasing his 100th win in his 11 seasons with the program. And he could be doing it with some familiar faces around him. Oregon special teams coordinator and nickel back coach Joe Lorig first worked with Franklin at Idaho State and then Franklin hired Lorig in 2019. After three seasons, though, Lorig headed to the West Coast where he opted to work for another old friend, Oregon coach Dan Lanning. Franklin doesn’t believe Lorig’s inside information will make much difference in this game. Related Articles “The coordinators have all changed,” Franklin said. “So I think we both probably have a similar amount of information on each other.” The game also will be a homecoming of sorts for Penn State defensive coordinator Tom Allen and injured Oregon offensive lineman Matthew Bedford. Allen is an Indiana native who spent the previous seven seasons as the Indiana head coach. Bedford also was a five-year starter for Allen’s Hoosiers. And the Duzansky family is doubling up Saturday: Penn State long snapper Tyler Duzansky and Oregon long snapper Nick Duzansky are brothers. What: Big Ten championship game When: Saturday, 5 p.m. Where: Lucas Oil Stadium, Indianapolis TV/radio: CBS (Ch. 2), 570 AMATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. Read this article for free: Already have an account? To continue reading, please subscribe: * ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. Read unlimited articles for free today: Already have an account? ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. ___ Follow Wayne Parry on X at www.twitter.com/WayneParryAC Advertisement Advertisement
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