Sunday, December 29, 2024 The tragic Azerbaijan Airlines crash on Christmas Day has left the global travel and aviation industries grappling with safety concerns and calls for heightened regulatory oversight. The incident, which claimed the lives of 38 passengers out of the 67 onboard, occurred in Russian airspace under circumstances yet to be fully clarified. Russian President Vladimir Putin expressed his condolences to Azerbaijan’s President Ilham Aliyev during a phone call, referring to the crash as a “tragic incident” but refraining from accepting Russian responsibility. According to an official Kremlin statement, Putin extended heartfelt sympathies to the victims’ families and wished a speedy recovery to those injured. The event has sparked international attention, with Ukrainian President Volodymyr Zelenskyy urging Russia to provide a more detailed explanation. As investigations unfold, the travel industry is closely monitoring developments, emphasizing the need for transparency and accountability. Air travel safety is a cornerstone of the global travel industry. Incidents like the Azerbaijan Airlines crash serve as stark reminders of the inherent risks and the critical need for stringent safety protocols. Aviation experts are urging international authorities to prioritize a thorough investigation to uncover the root causes of the crash and implement measures to prevent similar tragedies. The crash has reignited discussions on airspace safety, particularly in regions with complex geopolitical dynamics. Industry stakeholders are advocating for: In the wake of the crash, travelers have expressed heightened concerns about air travel safety. The industry’s response will be pivotal in restoring confidence. Airlines, regulatory bodies, and governments must work together to demonstrate a commitment to safety and transparency. The Azerbaijan Airlines tragedy underscores the importance of proactive measures in the aviation sector. Safety protocols, rigorous training for air traffic personnel, and investments in cutting-edge technology are critical to minimizing risks. Additionally, fostering a culture of accountability and collaboration among international stakeholders will be instrumental in maintaining the integrity of global air travel. As the investigation continues, the travel industry’s role in shaping a safer future cannot be overstated. Ensuring that lessons are learned and applied will honor the lives lost and reaffirm the industry’s dedication to protecting its passengers.Timberwolves' Edwards gets fined again, docked $75K by NBA for officiating complaints and profanityIndia can reduce $2 billion import of coking coal per annum: Niti Aayog
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Published 21:42 IST, November 30th 2024 Congress's 'Delhi Nyay Yatra', which is slated to cover 70 assembly constituencies, targets Arvind Kejriwal with ‘Sheesh Mahal’ tableau. New Delhi: The Congress party, on Saturday, carried out the ‘Delhi Nyay Yatra’ with a tableau featuring a ‘Sheesh Mahal (Referred to Delhi CM residence), a gold-plated toilet seat and liquor bottle, alleging unprecedented corruption by former Chief Minister Arvind Kejriwal. As the Congress launched an attack on the ruling AAP government, the ‘Sheesh Mahal’ tableau drew attention across the national capital. While unveiling the tableau in Delhi Hari Nagar, Delhi Congress President Devender Yadav that it symbolises unprecedented corruption by Kejriwal. Yadav said, “Kejriwal, who hailed from a humble background, lived in a small flat, drove a Wagon-R, and with a perpetual cough for company, and who had said that he would not accept any official bungalow, car or security, built a Rs 175 crore “Sheesh Mahal” illegally for himself, with a gold-plated commode, and travelled in luxury vehicles with security to flaunt his power, but did nothing for the people or for the development of the city, which he allowed to deteriorate with air and water pollution causing serious health hazards to the people.” He said that Kejriwal, who also spent lakhs to cure his cough at a resort in Bangalore, neglected Delhi and its residents to drive them into total misery, yet he was swearing by the name of “Aam Aadmi”. Addressing a gathering in Hari Nagar, Devender Yadav said that the float was to expose the corruption and misuse of power by Arvind Kejriwal, who betrayed the people with false promises. He said, “In the name of freebies, Kejriwal served people with dirty water, inflated power bills and an obsolete public transport system. The people of Delhi elected Kejriwal thrice to power, expecting a clean and transparent government by an honest man, but what they got in return was corruption, destruction of the city and a most corrupt chief minister, who became inaccessible to people after getting power.” Taking a veiled dig at Kejriwal calling him ‘Kattar Imandar’, the Delhi Congress president alleged that the former CM destroyed youths of the city by opening liquor vends all over, including non-confirming areas like unauthorised colonies and rural areas, in a liquor scam which eventually landed him in jail. Delhi CM's Residence Was Reportedly Renovated at Around Rs 45 Crore Pertinently, former CM Arvind Kejriwal had promised before his first Delhi assembly elections that he would live an austere life as a chief minister. However, later, it came to light that he spent crores on the renovation of his official residence in Delhi’s Civil Lines. It was claimed that Kejriwal spent a whopping Rs 45 crore on renovation of his official home at 6, Flagstaff Road, Civil Lines in Delhi. The huge expenditure triggered a political row, with the opposition parties demanding his resignation. The Bharatiya Janata Party (BJP) released documents that claimed Rs 44.78 crore were spent on "addition/alteration" at the chief minister’s government residence between September 2020 and June 2022. This included Rs 11.30 crore for interior decoration, Rs 6.02 crore on flooring, and Rs 1 crore on curtains along with crores on appliances and other fixtures. Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. Updated 21:42 IST, November 30th 2024
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Visa Inc. ( NYSE:V – Get Free Report )’s stock price rose 0.9% during mid-day trading on Thursday . The company traded as high as $316.37 and last traded at $314.70. Approximately 5,204,318 shares traded hands during trading, a decline of 26% from the average daily volume of 6,985,911 shares. The stock had previously closed at $311.82. Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays increased their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada upped their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $321.74. Check Out Our Latest Stock Report on Visa Visa Trading Up 0.1 % Visa ( NYSE:V – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year. Visa Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%. Insider Transactions at Visa In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Corporate insiders own 0.19% of the company’s stock. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arjuna Capital increased its position in Visa by 0.8% in the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after purchasing an additional 96 shares during the last quarter. Custom Index Systems LLC bought a new stake in shares of Visa in the 3rd quarter worth about $731,000. Mechanics Bank Trust Department raised its position in shares of Visa by 8.0% during the 2nd quarter. Mechanics Bank Trust Department now owns 32,460 shares of the credit-card processor’s stock valued at $8,520,000 after buying an additional 2,410 shares in the last quarter. Chicago Capital LLC lifted its holdings in shares of Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after acquiring an additional 20,023 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in Visa in the third quarter worth about $7,987,000. Institutional investors own 82.15% of the company’s stock. Visa Company Profile ( Get Free Report ) Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. See Also Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter .