Majority of Indian manufacturers are embracing technology as a catalyst of future profitability and global competitiveness. However, a significant share of companies are allocating less than 10% of their budgets to technology, according to a study by the Confederation of Indian Industry (CII). ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for India's manufacturing sector is going through a transformation, fueled by adoption of technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), robotics, and automation. This transformation can support the goal of increasing manufacturing's contribution to India's gross domestic product to 25% in the next few years, according to the report titled ' Smart Manufacturing : Unlocking India's Potential'. "By embracing these advancements, the country can gain a competitive edge globally and establish itself as a manufacturing leader," said Deepak Shetty, Chairman of the Council on Manufacturing Excellence, CII and CEO & Managing Director, JCB India Limited. The survey covered enterprises of varying sizes, ranging from ₹5 crore to over ₹24,000 crore. In the next two years, sectors aim to allocate 11-15% of their budgets towards technology investments to boost efficiency and innovation, the report mentioned. 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The manufacturing sector is undergoing a transformative moment, where advanced technologies are reshaping processes and addressing challenges like supply chain visibility to drive industrial excellence, said Deepak Jain, Co-Chair of the Council on Manufacturing Excellence, CII and Chairman, Lumax Group. The report also outlined several barriers to technology adoption. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Daiwa Securities Group Inc. lessened its stake in shares of Assurant, Inc. ( NYSE:AIZ – Free Report ) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,341 shares of the financial services provider’s stock after selling 202 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Assurant were worth $1,261,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Assurant during the second quarter worth about $31,000. Huntington National Bank lifted its stake in shares of Assurant by 509.4% during the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Assurant in the third quarter valued at about $56,000. Finally, Family Firm Inc. acquired a new stake in Assurant during the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 92.65% of the company’s stock. Wall Street Analyst Weigh In AIZ has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Truist Financial upped their price target on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Bank of America boosted their target price on shares of Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $225.20. Insider Buying and Selling at Assurant In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the transaction, the executive vice president now directly owns 20,658 shares of the company’s stock, valued at $4,321,240.44. The trade was a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . 0.53% of the stock is currently owned by company insiders. Assurant Price Performance Shares of NYSE:AIZ opened at $227.10 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The firm has a 50-day simple moving average of $203.46 and a 200 day simple moving average of $186.07. The company has a market cap of $11.65 billion, a PE ratio of 16.20 and a beta of 0.57. Assurant ( NYSE:AIZ – Get Free Report ) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.48. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $4.29 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Assurant, Inc. will post 15.41 EPS for the current year. Assurant Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Assurant’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, December 9th. Assurant’s payout ratio is presently 22.82%. Assurant Profile ( Free Report ) Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services. Read More Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. ( NYSE:AIZ – Free Report ). 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Delia Smith's onion gravy is cooked to perfection with 7 simple ingredientsJay Leno, 74, treats himself to In-N-Out burger as he shows off huge bruise after dramatic 60ft fall Have YOU got a story? Email tips@dailymail.com By HEIDI PARKER FOR DAILYMAIL.COM Published: 21:51, 22 November 2024 | Updated: 21:59, 22 November 2024 e-mail 8 shares 8 View comments Jay Leno was seen heading out alone for a fast-food lunch on Thursday after a nasty fall last week. The former late-night talk show host was showing off the massive bruise on his face and a blue brace on his wrist while waiting in line at In-N-Out Burger in Burbank, California . The 74-year-old stand-up comedian ordered a burger and French fries with a drink. The New York native ate the meal alone inside the restaurant while sipping a soda. At one point, a man who wore a yellow vest that was stamped Public Works approached Leno for a quick chat. Leno had a bad accident on Saturday in Pittsburgh, Pennsylvania that has worried his fans. Not only did he suffer a face bruise when he fell down a 60ft hill, but he also broke his wrist. Jay Leno was seen heading out alone for a fast-food lunch on Thursday in Los Angeles after a nasty fall last week in Pittsburgh The former late-night talk show host was showing off the massive black bruise on his face and a blue brace on his wrist while waiting in line at In-N-Out Burger in Burbank, California Jay was dressed casually for his midday outing. He wore a dark gray denim motorcycle jacket that zipped up and had front pockets. Underneath was a gray shirt with a military Jeep and writing in Italian. He added blue denim jeans and a black belt with prescription glasses. He finished off his look with sensible lace-up black shoes. Read More Jay Leno, 74, ate chicken parm after 60ft fall says restaurant... amid fans claims accident doesn't add up His gray hair was worn longer as his bands fell in his face. On Saturday, Leno opened up about the incident to Inside Edition as he explained he hit a 'bunch of rocks' during his horrific fall in Pennsylvania where he was doing a comedy show. 'I broke my wrist. Lost my nail on the finger, I'm all black and blue from 60 feet of hitting rocks,' he explained. Three hours after the fall he performed his show. He did not see a doctor until he returned to Los Angeles. It was also revealed on Friday that he enjoyed a hearty Italian dinner after his fall which some find odd. Jay reportedly ordered chicken parmesan topped with lots of mozzarella after his accident. Bill Erhard, who manages The Boulevard in Greensburg, Pennsylvania , confirmed the star unexpectedly arrived to the restaurant, despite his painful injuries that would have sent most to seek immediate medical attention, 'without a reservation.' When asked by Inside Edition if the restaurant had plans to rename Leno's order after him, Erhard joked that they 'might have to.' The 74-year-old stand-up comedian ordered a burger and French fries with a drink. The New York native ate the meal alone inside the restaurant while sipping a soda A man who wore a yellow vest that was stamped Public Works approached Leno who was holding his cell phone He was also seen heading back to his car in a busy parking lot Leno had a bad accident last week. Not only did he suffer a face bruise when he fell down a 60ft hill, but he also broke his wrist While sitting in a cozy booth, the former The Tonight Show host, reportedly 'chowed down' on the dish and some garlic toast. After dinner, Leno picked up an eye patch at a nearby CVS Pharmacy, before going on to perform one of his comedy shows just hours later. The accident inadvertently sparked a number of wild conspiracy theories among social media users who were convinced he might be lying about how he got hurt. Read More Jay Leno sparks wild gambling debt conspiracy theory as fans question his bruised face Some conspiracy theorists on X (previously known as Twitter ) shared a number of unsubstantiated theories that Leno, whose net worth is estimated to be around $450 million, was the victim of loan sharks, the mafia or someone he has 'dirt on.' Others joked that Conan O’Brien finally got his revenge on Leno following their bitter and lengthy feud involving NBC's The Tonight Show. 'So Jay Leno got set on fire a few years ago, is staying at a Hampton Inn while being worth millions of dollars, with an eye patch, bruised up face, a broken wrist and a missing fingernail. And he wants us to believe he. . . Fell down a hill???' one X user asked. Another tweeted: 'I have never believed a conspiracy more than Jay Leno owing massive gambling debt.' Here he is seen waiting patiently in line with other customers at In-N-Out Jay wore a dark gray denim motorcycle jacket that zipped up and had front pockets Underneath was a gray shirt with a military Jeep and writing in Italian. He added blue denim jeans and a black belt with prescription glasses He finished off his look with sensible lace-up black shoes. His gray hair was worn longer as his bands fell in his face A handful of X users also pointed out it was odd for him to be staying at a Hampton Inn, which is a more popular among budget-conscious travelers than A-list stars. Additionally, some conspiracy theorists pointed out that Leno has suffered from other bizarre and life-threatening injuries over the years. 'Looks like he took a punch to the skull with that shiner. Shady [as f**k],' another claimed as others said they questioned why only the left side of his face was bruised. One conspiracy theorist argued that there were 'holes in this story' and insisted that Leno would have 'abrasions' if he slid down a hill. On Saturday, Leno opened up about the incident to Inside Edition as he explained he hit a 'bunch of rocks' during his horrific fall earlier that day 'I broke my wrist. Lost my nail on the finger, I'm all black and blue from 60 feet of hitting rocks,' he explained 'He's in gambling debt and the collector sent a message,' the conspiracy theorist claimed. Others pleaded with Leno to 'CUT THE S**T AND GO TO THE POLICE.' Still, one Leno fan called out the unfounded theories. 'All of you speculating that Jay Leno took a beating from mob connected entities have no idea how “this thing” works. They don’t give beatings to major celebrities over “gambling debts”, especially those with 1,000 priceless classic cars in storage. But keep having fun with the injuries of a 74 year old man,' the upset X user wrote. There is no evidence to suggest Leno is in any debt or involved in anything 'strange and sinister' as suggested by some on X. Back in November 2022, Leno was hospitalized following the fiery explosion at his garage, where he keeps a number of vintage cars as part of a collection. George Swift, a mechanic in the comedian's personal garage, told ET that it was a steam car that sent Leno to the hospital. It was also revealed on Friday that he enjoyed a hearty Italian dinner after his fall which some find odd. Jay reportedly ordered chicken parmesan topped with lots of mozzarella after his accident Bill Erhard, who manages The Boulevard in Greensburg, Pennsylvania, confirmed the star unexpectedly arrived to the restaurant, despite his painful injuries that would have sent most to seek immediate medical attention, 'without a reservation' When asked by Inside Edition if the restaurant had plans to rename Leno's order after him, Erhard joked that they 'might have to' While sitting in a cozy booth, the former The Tonight Show host, reportedly 'chowed down' on the dish and some garlic toast He ordered their famous chicken parmesan topped with lots of mozzarella 'It was a steam car. This steam was made by gas. It got sprayed, as a gas,' Swift, a mechanic who works at the garage, said. 'He called me, and he told me there was a fire and the fire department is coming,' the employee continued. The Burbank Fire Department then confirmed they were dispatched to the late-night host's home at around 12.30 p.m. that day, and when they arrived they assessed and treated 'one adult male.' Leno was then transported to a local emergency room before being transferred to the Grossman Burn Center for further care. A spokesperson for the medical center told People at the time that Leno 'is in good humor and is touched by all the inquiries into his condition and well wishes. Leno pictured on September 30, 2024 'He wants to let everyone know he is doing well and is in "the best burn center in the United States."' Leno later issued a statement himself, saying he 'got some serious burns from a gasoline fire.' 'I am ok,' the former late-night host said. 'Just need a week or two to get back on my feet.' He also told TMZ that it was his friend, Dave, who saved his life, by jumping on him and smothering the flames. The host said that he was repairing a clogged fuel line when he got sprayed on his hands and face with gasoline. Jay Leno Pennsylvania Share or comment on this article: Jay Leno, 74, treats himself to In-N-Out burger as he shows off huge bruise after dramatic 60ft fall e-mail 8 shares Add comment
1st record of rare peregrine falcons nesting in S'pore captured at OCBC CentreWith the broader stock market indexes hovering around all-time highs, some investors may fear that a sell-off is creeping on the horizon in 2025. After all, equity prices have outpaced earnings growth, leading to a relatively expensive market . Valuation concerns could lead to a pullback in stock prices in 2025, but that doesn't mean investors should sell out of their positions or stop putting new capital to work in the market. However, folks should take great care to ensure they are investing in quality companies that can justify their valuations with earnings growth over time rather than chasing hot stocks to make a quick buck. Exchange-traded funds (ETFs) can be excellent ways to invest in the market while maintaining diversification. Investment management firm Vanguard offers several low-cost ETFs that target various themes and stock market sectors. Here's why the Vanguard Dividend Appreciation ETF ( VIG -0.71% ) , Vanguard Communications ETF ( VOX -1.12% ) , and the Vanguard S&P 500 ETF ( VOO -1.04% ) stand out as great buys now. Boost your passive income from dividend-growing companies The Vanguard Dividend Appreciation ETF focuses on companies that are well positioned to continue raising their dividends for years to come. Top holdings include Apple , Broadcom , JPMorgan Chase , and Microsoft . Apple and Microsoft have yields under 1%, but they have track records for raising their dividends, as well as repurchasing stock. Many of the top holdings in the ETF are well-known industry-leading companies. The fund's focus on earnings growth makes it an excellent choice for investors interested in quality rather than high-yield stocks at bargain-bin prices. Granted, many of the fund's top holdings are hovering around all-time highs and have seen their valuations expand. But the fund is well diversified, with just a 30.7% concentration in the top 10 holdings and no individual holding making up more than 5% of the fund. The Vanguard Dividend Appreciation ETF sports a yield of 1.7% -- which isn't high-yield territory , but it is better than the 1.2% yield from the S&P 500 . The communications sector offers a rare mix of growth and value The Vanguard Communications ETF mirrors the performance of the communications sector. The fund has been one of the best-performing Vanguard ETFs year to date -- up over 35%. And yet it is still a great value because many top communications stocks have impeccable earnings and cash flow growth. Meta Platforms , Alphabet , and Netflix are typically viewed as tech companies, but they are actually classified under the communications sector and dominate the Vanguard Communications ETF with a 52.4% combined weighting. The top 10 holdings in the fund, which include legacy media companies Walt Disney and Comcast , as well as telecom companies Verizon Communications , T-Mobile , and AT&T , make up 69.8% of the fund. The fund's heavy concentration in a handful of names means it is not very diversified and, therefore, only worth buying if you have high conviction in the top holdings -- especially Meta and Alphabet. Even though they are both hovering around all-time highs, Meta and Alphabet stand out as solid growth stocks to buy in 2025. As you can see in the following chart, both companies have reasonable forward price-to-earnings (P/E) ratios , especially compared to other megacap growth stocks. TSLA PE Ratio (Forward) data by YCharts Granted, forward P/E ratios should be taken with some skepticism, given that they are based on analyst consensus estimates for the next 12 months of earnings, which could vary wildly based on external factors, macroeconomic conditions, or company decision-making. But still, the fact that Meta and Alphabet are less expensive than other megacap growth stocks despite running up so much over the last couple of years makes them appealing choices for investors concerned with the valuations of tech-focused companies. Given that Meta and Alphabet depend on advertising revenue, it's worth understanding that their earnings could take a hit during a general economic downturn. However, folks who believe platforms like Alphabet-owned Google and YouTube or Meta-owned Instagram will continue growing their market share of the advertising industry should consider buying and holding the Vanguard Communications ETF through periods of volatility. A plug-and-play tool for putting your hard-earned savings to work With $1.37 trillion in net assets, the Vanguard S&P 500 ETF is one of the largest S&P 500 index funds on the market. The fund sports an expense ratio of just 0.03%, or $3 for every $10,000 invested. By comparison, the Vanguard Communications ETF has an expense ratio of 0.1% and the Vanguard Dividend Appreciation ETF has an expense ratio of 0.06%. The Vanguard S&P 500 ETF mirrors the performance of the S&P 500, which has become more top-heavy in recent years as the largest companies have grown progressively more valuable and outpaced the gains of the rest of the index. The top 10 holdings in the S&P 500, which are Apple, Nvidia , Microsoft, Amazon , Alphabet, Meta Platforms, Tesla , Berkshire Hathaway , Broadcom, and JPMorgan Chase, now make up a whopping 36.2% of the entire index. While some investors may feel like there are better ways to put capital to work than buying top growth stocks around all-time highs, it's important to understand that valuations can become reasonable over time so long as the companies grow earnings. For the most part, today's top growth stocks are growing profits and have long runways for future earnings growth . So, while top growth stocks may look expensive right now and could produce lousy returns in the short term, they should still be excellent long-term investments . Therefore, folks with ultra-long investment time horizons should still consider investing in an S&P 500 index fund. Three ETFs centered around industry-leading companies The Vanguard Appreciation ETF, Vanguard Communications ETF, and the Vanguard S&P 500 ETF are all hovering around all-time highs. But they could still be worth buying even if there is a sell-off in 2025 because all three funds focus on industry-leading, quality businesses. Even the best companies can see an earnings slowdown during an economic downturn. However, leading companies have many advantages during a downturn that can allow them to take market share, buy out companies cheaply, or continue to invest in research and development when competitors struggle to get by. No one knows what the market will do in 2025, but investing in quality companies -- or ETFs holding quality companies -- is a recipe for long-term wealth building. So despite big gains in recent years, long-term investors should still consider buying the Vanguard Appreciation ETF, Vanguard Communications ETF, and the Vanguard S&P 500 ETF, even if there is a market sell-off in 2025.
NORTH BAY, Ont. — Dalyn Wakely scored twice as the Barrie Colts topped the North Bay Battalion 3-1 in Ontario Hockey League play on Sunday. Zach Wigle had the other goal for Barrie. Briir Long replied for North Bay. PETERBOROUGH, Ont. — Will Gerrior scored the game-winning goal at 19:49 of the third period as the 67's edged the Petes. It was his second goal of the game. Cooper Foster, Henry Mews and Chris Barlas added singles in Ottawa's victory. SAULT STE. MARIE, Ont. — Cole Davis had a hat trick as the Windsor Spitfires topped the Sault Ste. Marie Greyhounds. Liam Greentree scored twice for the Spitfires. SUDBURY, Ont. — Adrian Misaljevic's overtime winner gave the Rangers a victory over the Wolves. Luke Ellinas and Haeden Ellis scored in regulation for Kitchener. FLINT, Mich. — Noah Aboflan had a goal and an assist as the London Knights downed Flint Firebirds. PJ Fagan II, Henry Brzustewicz and Andoni Fimis also scored for London. SAGINAW, Mich. — Carson Harmer scored three goals as the Saginaw Spirit defeated the Niagara IceDogs. Calem Mangone added two goals while Ethan Hay tallied once for Saginaw. OSHAWA, Ont. — Luca Marrelli had a goal and an assist as the Oshawa Generals downed the Kingston Frontenacs. Owen Griffin, Lauri Sinivuori and Colby Barlow also scored for Oshawa. This roundup was generated automatically with a CP-developed application. This report by The Canadian Press was first published Dec. 29, 2024. The Canadian Press
GCC-4001 by Artiva Biotherapeutics for Diffuse Large B-Cell Lymphoma: Likelihood of Approval
