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  • MIL-OSI Russia: China and Russia: Friendship between the two states begins with friendship between peoples

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Recently, Chinese President Xi Jinping paid a state visit to Russia. Both sides reaffirmed their commitment to further deepening the comprehensive partnership and strategic cooperation in the new era. It is especially important to hear such statements in the era of global instability. Russian-Chinese relations are not just diplomacy and economics, but also a history of sincere friendship, respect and mutual understanding. Having lived in China for more than five years, I realized that true friendship between countries begins with friendship between people.

    Connecting Peoples – Beyond Economics and Trade

    To truly understand another culture, information from books, travel or news is not enough, you need to experience it from the inside, through work, study and communication. For more than five years, China was my home, a place where I learned Chinese, gained valuable professional experience and made friends with whom I still maintain warm ties. China became a part of my identity: I learned to think more broadly, to see the world through the eyes of others and to appreciate differences. Over the years, I have seen that the relationship between China and Russia is not limited to economics and trade, they are connected by many human stories like mine.

    The Language That Changed Lives

    My first encounter with China was in 2006, when I visited Beijing on a tourist trip. Even then, it felt like the country was on the verge of big changes, although high-speed trains and large-scale international projects were still to come. When I returned to China in 2009 to study Chinese, I had no idea how important this choice would become. Chinese became for me not just a communication tool, but also a bridge between cultures and a powerful asset.

    The work that opened up a whole world

    Later, I got a job at a Chinese media outlet in Beijing, where I contributed to stories for overseas audiences. We covered Chinese innovations in agriculture, infrastructure development, poverty eradication, and the preservation of intangible cultural heritage. It was an invaluable experience: I saw China from different sides, not only through official data, but also through people’s stories, dreams, and aspirations. Each article became a new step toward mutual understanding.

    Personal connections as a path to understanding

    Every day, living and working in China, I admired the hard work of the Chinese people, their willingness to learn and develop. I saw how cities were changing rapidly, innovations were being introduced, and Chinese technologies were spreading around the world. This progress was impressive, but even more impressive was the human warmth. My friends and colleagues were interested in asking about Russia and sharing their stories. We exchanged experiences and views – it is these personal connections that, as I now understand, create a solid foundation for international relations.

    Respect as the basis of trust

    It was especially valuable to feel the respectful attitude towards Russia on the part of the Chinese. In contrast to the criticism that can often be heard in the West, in China I encountered genuine interest in Russia and admiration for Russian culture. This strengthened my confidence in the future partnership of our countries. It seems to me that it is respect, openness and trust that become the foundation of strong relations between states, starting from the level of ordinary people.

    The Future in Dialogue: Language, Science, Culture

    Today, Russian-Chinese relations go beyond traditional trade and economic cooperation, embracing science, education, and culture. Educational projects, scientific research, and academic exchanges play a special role. More and more young people are learning each other’s languages, which opens up new horizons and builds trust. Cultural exchanges – festivals, exhibitions, theater productions, film screenings – help to understand mentalities, strengthen interest and mutual sympathy. Art is becoming a universal language that overcomes barriers.

    Strength lies in shared values

    I have always been touched by the similarity of our cultural values: respect for elders, high value of education, hospitality. These common foundations, as I have understood from personal experience, are truly a strong foundation for the friendship of our peoples and countries.

    Conclusion: Looking to the Future

    Watching the development of Chinese-Russian relations today, I feel joy. For me, this is not just the history of two states, it is also the history of two peoples who want to understand and respect each other. I believe that we still have many joint steps ahead, each of which begins with dialogue, mutual interest and trust.

    Author: Anna Buyanova

    MIL OSI Russia News –

  • MIL-OSI: Diversified Energy Announces First Quarter Dividend

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) (“Diversified” or “the Company”) is pleased to announce that the Board has declared an interim dividend of 29 cents per share in respect of 1Q25 for the three month period ended March 31, 2025.

    Key dates related to this dividend include:
      Record Date:   August 29, 2025  
      Payment Date:   September 30, 2025  
      Default Currency:   US Dollar  
      Currency Election Option:   Sterling  
      Last Date for Currency Election:   September 5, 2025  
             

    Diversified will pay the dividend in U.S. dollars while continuing to make available to shareholders a sterling election. For those shareholders who wish to receive their dividend payment in sterling, and who have not yet completed a currency election form, the Company has made available a dividend election form on its website at https://ir.div.energy/dividend-information. Shareholders who wish to receive sterling should submit the currency election form to Computershare Investor Services no later than September 5, 2025.

    Diversified will announce the sterling value of the dividend payable per share approximately two weeks prior to the payment date.

    This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse (“UK MAR”), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network –

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 1)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 09.05.2025. 

     

    Period covered by this periodic report – 05.05.2025 – 09.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.05

    100,000

    0.891

    89,100.00

    2025.05.06

    100,000

    0.889

    88,900.00

    2025.05.07

    100,000

    0.884

    88,400.00

    2025.05.08

    100,000

    0.884

    88,400.00

    2025.05.09

    100,000

    0.882

    88,200.00

    Total acquired during the current week 

    500,000

    0.886

    443,000.00

    Total acquired during the programme period 

    500,000

    0.886

    443,000.00

     

     

     

     

     

    The Bank’s own bought-back shares: 10,597,749  units.  

     

    Following the above transactions, the Bank will own a total of 11,097,749 units of own shares representing 1.67 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

    Attachment

    The MIL Network –

  • MIL-OSI: Diversified Energy Reports Strong First Quarter 2025 Results Driven by Increased Top-Line Revenue Generation and Operational Discipline

    Source: GlobeNewswire (MIL-OSI)

    Maintaining Momentum into Second Quarter 2025 and Remain on Track to Achieve Full Year 2025 Guidance

    Closed Maverick Acquisition Continuing to Execute our Strategy as the PDP Champion

    Returned Over $59 million to Shareholders Through Dividends and Repurchases Year to Date

    BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce the following operations and trading update for the quarter ended March 31, 2025.

    **Consolidated operational & financial results for the quarter include only two weeks of Maverick Natural Resources (“Maverick”) contribution**

    Executing Strategic Objectives

    • Closed transformational and accretive acquisition of Maverick Natural Resources
      • Approximately doubling revenues and free cash flow
    • Strengthened balance sheet and increased liquidity
      • Credit facility borrowing base of $900 million with $451 million of current undrawn capacity and unrestricted cash; current leverage ratio of ~2.7x
    • Retired $51 million of debt principal through amortizing debt payments during Q1 2025
    • Returned over $59 million year-to-date to shareholders through dividends and share repurchases(a)
      • Declared 1Q25 dividend of $0.29 per share
      • Repurchased ~1.5 million shares year-to-date in 2025, representing ~$19 million of share buybacks(a)
    • Advantageously added natural gas hedge volumes in 2026 through 2029 during recent strength in forward curve
    • On track to exceed $40 million in targeted land sales during the first half of 2025
    • Realized additional Coal Mine Methane (CMM) alternative energy credits with acquired assets from Summit Natural Resources
    • Next LvL Energy collaborated with the State of West Virginia regulatory agencies to modernize well retirement procedures using a method that is environmentally sound, safe, and cost-effective

    Maverick Integration

    • Full field level integration anticipated by the end of the second quarter with technology, and administrative integration anticipated by the end of the third quarter 2025
    • On track to exceed the annualized synergy target of over $50 million
      • High-graded staffing and reduced redundancies to capture efficiencies and cost savings
      • Contract savings providing impacts in compression and chemicals

    Delivering Reliable Results

    • March 2025 exit rate of 1,149 MMcfepd (192 Mboepd)(b)
      • Recorded average 1Q25 production of 864 MMcfepd (144 Mboepd)
    • Total Revenue, inclusive of settled hedges, of $295 million
    • Operating Cash Flow of $132 million, and Net loss of $337 million, inclusive of non-cash unsettled derivative adjustments
    • Achieved 1Q25 Adjusted EBITDA(c) of $138 million and Free Cash Flow(d) of $62 million
    • Realized 47% 1Q25 Adjusted EBITDA Margin(c)
      • 1Q25 Total Revenue, Inclusive of Settled Hedges per Unit(e) of $3.78/Mcfe ($22.68/Boe)
      • 1Q25 Adjusted Operating Cost per Unit(f) of $2.00/Mcfe ($12.01/Boe)
    • Published the 5th annual Sustainability Report, “Winning Through Collaboration”

    Rusty Hutson, Jr., CEO of Diversified, commented:

    “Diversified is off to a great start in 2025, demonstrating the resilience of our business model in an otherwise volatile business environment while advancing our long-term strategy with the transformational acquisition of Maverick Natural Resources. Despite the broader macroeconomic and geopolitical challenges, we delivered solid operational results and continued growth in free cash flow.

    We remain committed to effectively allocating capital. Thus far this year, Diversified has returned over $59 million to our shareholders through dividends and share repurchases, while we continue to deleverage naturally from principal paydowns of our debt. We believe our shares remain a compelling investment at current levels, and we will continue to take advantage of the current cycle and market dislocation to opportunistically repurchase shares.

    At the same time, we have strategically invested in growing our business with our Maverick acquisition. We are highly focused on integration across all operations and functions of the organization, using the disciplined and methodical playbook we have historically executed to drive synergies and cost-saving initiatives that should provide margin expansion over time. We fully expect to exceed our annualized synergy target of $50 million.

    Despite the current uncertain environment, the Diversified team, with our ONE DEC culture, continues to perform at a high level. Diversified has a proven track record of managing through challenging markets. I am confident that with our highly strategic initiatives, we will capitalize on opportunities and emerge from the current market as an even stronger company, ensuring continued growth and success.”

    Operations and Finance Update

    Production

    The Company recorded exit rate production in March 2025 of 1,149 MMcfepd (192 Mboepd)(b) and delivered 1Q25 average net daily production of 864 MMcfepd (144 Mboepd). Net daily production for the quarter continued to benefit from Diversified’s peer-leading, shallow decline profile.

    The production for the quarter reflects the contribution of only two weeks of Maverick Natural Resources, which closed March 14th, 2025.

    Margin and Total Cash Expenses per Unit

    Diversified delivered 1Q25 per unit revenues of $3.78/Mcfe ($22.68/Boe) and Adjusted EBITDA Margin(a) of 47% (55% unhedged). Notably, these per unit metrics reflect an increase in both revenues and expenses from the incorporation of greater liquids-related production of Maverick Natural Resources. The Company’s per unit expenses are anticipated to improve as the Company implements its playbook to achieve long-term, sustainable synergies and cost savings. For example, General and Administrative expenses remained relatively consistent with prior period levels, despite the higher per unit costs of Maverick, supporting our progress on cost savings and synergy capture.

      1Q25   1Q24    
      $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Average Realized Price(1) $ 3.78   $ 22.68     $ 3.25   $ 19.50     16 %
                       
      1Q25   1Q24    
    Adjusted Operating Cost per Unit(f) $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Lease Operating Expense(2) $ 0.92   $ 5.49     $ 0.65   $ 3.91     40 %
    Midstream Expense $ 0.23   $ 1.40     $ 0.27   $ 1.61     (13 )%
    Gathering and Transportation $ 0.34   $ 2.06     $ 0.31   $ 1.85     11 %
    Production Taxes $ 0.21   $ 1.27     $ 0.12   $ 0.74     72 %
    Total Operating Expense(2) $ 1.70   $ 10.22     $ 1.35   $ 8.11     26 %
    Employees, Administrative Costs and Professional Fees(g) $ 0.30   $ 1.79     $ 0.33   $ 1.98     (10 )%
    Adjusted Operating Cost per Unit(f)(2) $ 2.00   $ 12.01     $ 1.68   $ 10.09     19 %
    Adjusted EBITDA Margin(a)   47 %     49 %    

    (1) 1Q25 excludes $0.04/Mcfe ($0.24/Boe) and 1Q24 excludes $0.05/Mcfe ($0.36/Boe) of other revenues generated by Next LVL Energy.
    (2) 1Q25 excludes $0.03/Mcfe ($0.22/Boe) and 1Q24 excludes $0.07/Mcfe ($0.39/Boe) of expenses attributable to Next LVL Energy.
    Values may not sum due to rounding.

    Opportunistic Layering of Additional Hedges at Premium Contract Prices

    Diversified has strategically taken advantage of the recent strength of the natural gas price curve to add to the Company’s 2026-2029 hedge portfolio and layering additional NYMEX volumes at an average floor price of ~$3.68/MMBtu, which is reflected in the financial derivatives positions as of April 30, 2025.

    Environmental Update

    Asset Retirement Progress and Next LVL Energy Update

    Next LvL Energy partnered with the State of West Virginia regulatory agencies to implement advanced testing protocols and improved technology to help modernize and upgrade well retirement procedures. Through the combined efforts of real-world situation testing and oversight, the State of West Virginia has enacted new asset retirement regulations, with the resulting framework achieving an environmentally sound, safe, and cost-effective methodology.

    Through the end of the first quarter, the Company has retired a combined 76 wells consisting of operated assets, state well retirements, and contracted retirement activity for third-party operators. Diversified is well-positioned to meet or exceed its retirement goal of 200 wells per year, with 57 operated wells retired as of March 31, 2025. The Company continues to drive stakeholder value via the realization of contractual partnerships to retire assets that eliminate orphaned or abandoned wells in our region and provide revenue to offset the cash costs associated with the retirement of Diversified’s wells.

    Combined Company 2025 Outlook

    The Company is reiterating its previously announced Full Year 2025 guidance. Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick assets.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(1)(millions) $825 to $875
    Adj. Free Cash Flow(1)(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50

    (1) Includes the value of anticipated cash proceeds for 2025 land sales.

    Conference Call Details

    The Company will host a conference call today, Monday, May 12, 2025, at 1:00 PM GMT (8:00 AM EDT) to discuss the 1Q25 Trading Statement and will make an audio replay of the event available shortly thereafter.

    Footnotes:

    (a) Includes the total value of dividends paid and declared, and share repurchases (including Employee Benefit Trust) year-to-date, through May 12, 2025.
    (b) Exit rate includes full month of March 2025 production from Maverick.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; Adjusted EBITDA Margin represents Adjusted EBITDA as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (e) Includes the impact of derivatives settled in cash; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (f) Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (g) As used herein, employees, administrative costs and professional services represent total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission and available on the Company’s website.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations, business and outlook of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “guidance” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate acquisitions, including the acquired Maverick assets, changes in the political, social and regulatory framework, including inflation and changes resulting from actual or anticipated tariffs and trade policies, in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, Including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortization. Adjusted EBITDA includes adjusting for items that are not comparable period-over-period, namely, finance costs, accretion of asset retirement obligation, other (income) expense, loss on joint and working interest owners receivable, gain on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, loss on early retirement of debt, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and items of a similar nature.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit or loss, net income or loss, or cash flows provided by operating, investing, and financing activities. However, we believe such a measure is useful to an investor in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors to more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to evaluate this metric as a percentage of our total revenue, inclusive of settled hedges, producing what we refer to as our adjusted EBITDA margin.

    The following table presents a reconciliation of the IFRS Financial measure of Net Income (Loss) to Adjusted EBITDA for each of the periods listed:

      Three Months Ended
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Net income (loss) $ (337,391 ) $ (15,145 ) $ (102,033 )
    Finance costs   42,820     27,416     37,453  
    Accretion of asset retirement obligation   10,353     7,183     8,323  
    Other (income) expense   (644 )   (5 )   (295 )
    Income tax (benefit) expense   66,790     5,633     (125,052 )
    Depreciation, depletion and amortisation   70,807     57,015     73,960  
    (Gain) loss on fair value adjustments of unsettled financial instruments   235,070     13,552     202,124  
    (Gain) loss on natural gas and oil property and equipment(1)   236     4     14,330  
    (Gain) loss on sale of equity interest   —     —     7,375  
    Unrealized (gain) loss on investment   —     —     6,446  
    Costs associated with acquisitions   2,885     1,519     4,532  
    Other adjusting costs(2)   5,963     3,693     7,644  
    Loss on early retirement of debt   39,485     —     2,469  
    Non-cash equity compensation   1,825     1,268     2,258  
    (Gain) loss on interest rate swap   (35 )   (50 )   (41 )
    Total Adjustments $ 475,555   $ 117,228   $ 241,526  
    Adjusted EBITDA(c) $ 138,164   $ 102,083   $ 139,493  
    TTM Adjusted EBITDA $ 508,390   $ 497,510   $ 472,309  
    Pro Forma TTM Adjusted EBITDA(3) $ 952,216   $ 497,510   $ 548,570  

    (1) Excludes $2 million, $2 million and $8 million in cash proceeds received for leasehold sales during the three months ended March 31, 2025, March 31, 2024 and December 31, 2024, respectively.
    (2) Other adjusting costs for the three months ended December 31, 2024 were primarily associated with legal fees for certain litigation.
    (3) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Net Debt and Net Debt-to-Adjusted EBITDA

    As used herein, net debt represents total debt as recognized on the balance sheet less cash and restricted cash. Total debt includes our borrowings under our revolving credit facility and our borrowings under or issuances of, as applicable, our subsidiaries’ securitization facilities, excluding original issuance discounts and deferred finance costs. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, or “leverage” or “leverage ratio,” is measured as net debt divided by adjusted trailing twelve-month EBITDA. We believe that this metric is a key measure of our financial liquidity and flexibility and is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility.

    The following table presents a reconciliation of the IFRS Financial measure of Total Non-Current Borrowings to the Non-IFRS measure of Net Debt and a calculation of Net Debt-to-Adjusted EBITDA and Net Debt-to-Pro Forma Adjusted EBITDA for each of the periods listed:

      As of
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Total non-current borrowings, net $ 2,544,937   $ 1,066,643   $ 1,483,779  
    Current portion of long-term debt   156,253     184,463     209,463  
    LESS: Cash   (32,641 )   (3,456 )   (5,990 )
    LESS: Restricted cash   (106,011 )   (32,828 )   (46,269 )
    Net Debt $ 2,562,538   $ 1,214,822   $ 1,640,983  
    Pro forma TTM adjusted EBITDA(1) $ 952,216   $ 497,510   $ 548,570  
    Net debt-to-pro forma TTM adjusted EBITDA 2.7x 2.4x 3.0x

    (1) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities other than capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

    The following table presents a reconciliation of the IFRS Financial measure of Net Cash from Operating Activities to the Non-IFRS measure of Free Cash Flow for each of the periods listed:

    Amounts in 000’s
    Except per share amounts
    		 Three Months Ended Three Months Ended Twelve Months Ended
    March 31, 2025 March 31, 2024 March 31, 2025
    Net cash provided by operating activities $ 131,539   $ 106,258   $ 370,944  
    LESS: Expenditures on natural gas and oil properties and equipment   (28,031 )   (9,293 )   (70,838 )
    LESS: Cash paid for interest   (41,574 )   (23,759 )   (140,956 )
    Free Cash Flow(d) $ 61,934   $ 73,206   $ 159,150  


    Total Revenue, Inclusive of Settled Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, includes the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    The following table presents a reconciliation of the IFRS Financial measure of Total Revenue to the Non-IFRS measure of Total Revenue, Inclusive of Settled Hedges and a calculation of Adjusted EBITDA Margin for each of the periods listed:

    Amounts in 000’s
    		 Three Months Ended Three Months Ended Year Ended
    March 31, 2025 March 31, 2024 December 31, 2024
    Total revenue 346,903   193,624   794,841  
    Net gain (loss) on commodity derivative instruments(1) (52,271 ) 22,066   151,289  
    Total revenue, inclusive of settled hedges(c) 294,632   215,690   946,130  
    Adjusted EBITDA(c) 138,164   102,083   472,309  
    Adjusted EBITDA Margin(c) 47 % 47 % 50 %
    Adjusted EBITDA Margin, exclusive of Next LVL Energy(2) 47 % 49 % 51 %

    (1) Net gain (loss) on commodity derivative settlements represents cash (paid) or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.
    (2) For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.

    The MIL Network –

  • MIL-OSI USA: Congressman Thompson Announces Over $12.7 Million in HHS Head Start Grant Awards for Mississippi

    Source: United States House of Representatives – Representative Bennie G Thompson (D-MS)

    May 8, 2025

    BOLTON, MS – Today, Congressman Bennie G. Thompson (MS-02) announced that the U.S. Department of Health and Human Services (HHS) has awarded two significant grants totaling more than $12.7 million to support Head Start programs in Mississippi’s Second Congressional District.

    The grants are awarded as follows:

    • Hinds County Human Resource Agency – $9,595,720
      Funding supports comprehensive early childhood education, health, nutrition, and parent involvement services under the Head Start program.
    • Coahoma Opportunities, Inc. – $3,122,149
      This grant will enable continued operation and enhancement of Head Start services in Coahoma County and surrounding communities.

    “These grants represent a vital investment in the future of our children and families,” said Congressman Thompson. “Early childhood education lays the foundation for lifelong success, and I am proud to support programs that ensure every child—regardless of their zip code—has access to quality care and education.”

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Kustoff Introduces Bill to Expand Childcare Options for Families

    Source: United States House of Representatives – Representative David Kustoff (TN-08)

    WASHINGTON, D.C. — Today, House Committee on Ways and Means Reps. David Kustoff (R-TN) and Claudia Tenney (R-NY) introduced the Child Care for American Families Act in the House of Representatives. This bill will expand childcare opportunities for working families by building upon the Employer-Provided Childcare Tax Credit. 

    “Insufficient access to childcare is a problem that affects families and businesses nationwide,” said Congressman Kustoff. “That is why I introduced the Child Care for American Families Act, to incentivize businesses to construct and operate childcare centers. This legislation will make it easier for employers to hire and retain employees. I urge my colleagues to support this important bill that will help get families back to work.”

    Background:
    The Employer-Provided Childcare Tax Credit (IRC Section 45F) is a federal tax program designed to encourage employers to invest in childcare services for their employees and help working parents manage the high cost of childcare and remain in the labor market. However, this program is currently underutilized by employers due to the insufficiently low credit cap.

    The Child Care for American Families Act would make several changes to Section 45F to increase the utilization and effectiveness of the credit. 

    1. Increase the credit amount businesses can claim and tailors the credit towards small businesses and businesses in rural areas.
    2. Allow multiple employers to jointly apply for the credit via a consortium.
    3. Instruct the IRS to develop an outreach program to increase public awareness and educate employers about the availability of, and how to apply for, the credit.

    Click here for the full text of the bill. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Kustoff Introduces RPM Access Act

    Source: United States House of Representatives – Representative David Kustoff (TN-08)

    WASHINGTON, D.C. — Today, Reps. David Kustoff (R-TN), Troy Balderson (R-OH), Donald Davis (D-NC), and Mark Pocan (D-WI) introduced the Rural Patient Monitoring (RPM) Access Act in the House of Representatives. This bill would ensure high-quality remote physiologic monitoring services for Medicare beneficiaries in rural and underserved areas.

    “Expanding access to healthcare in rural West Tennessee has been a priority of mine in Washington,” said Congressman Kustoff.  “The RPM Access Act is important legislation that will help doctors and nurses monitor patients remotely. I urge my colleagues to support this bill to help provide Americans with good-quality healthcare no matter their location.”

    Senators Marsha Blackburn (R-TN) and Mark Warner (D-VA) introduced the companion bill in the United States Senate. 

    “Medicare beneficiaries in rural and underserved areas often face serious barriers to health care, and they deserve better,” said Senator Blackburn. “The Rural Patient Monitoring Access Act would ensure Tennessee Medicare patients have access to high-quality remote physiologic monitoring services to manage chronic conditions and help patients eliminate unnecessary hospital visits.”

    Background:
    Remote physiologic monitoring (RPM) is the use of digital technologies to collect health data from patients in one location and electronically transmit that information securely to providers in a different location. Medicare patients living in rural areas face higher rates of heart failure, hypertension, and diabetes compared to patients in urban areas – and they have limited access to health care. Remote monitoring can help address this barrier to access. However, Medicare reimbursement for remote physiologic monitoring is lowest in the rural areas it is needed most.

    The RPM Access Act would set the floor for practice expense and malpractice geographic indices for remote physiologic monitoring services at 1.00, allowing rural areas to be able to provide RPM services at the national average. The legislation would also create new requirements to ensure high-quality services for Medicare. These requirements include: 

    • RPM providers must be capable of responding to data anomalies detected by the monitoring service.
    • RPM providers must be capable of promptly transmitting captured vitals and treatment management notes to the electronic health record of the supervising provider.
    • CMS may require providers of RPM to report data to the Secretary of HHS in order to facilitate the evaluation of cost savings generated to the Medicare program through the proliferation of remote physiologic monitoring services.

    Click here to read the full text of the bill. 
     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Kustoff Introduces Holocaust Insurance Accountability Act

    Source: United States House of Representatives – Representative David Kustoff (TN-08)

    WASHINGTON, D.C. — Today, Reps. David Kustoff (R-TN) and Debbie Wasserman Schultz (D-FL) introduced the Holocaust Insurance Accountability Act in the House of Representatives. This bipartisan legislation would allow beneficiaries of Holocaust-era insurance policies to bring civil action in U.S. district courts against the insurer for the covered policy to recover proceeds due or otherwise enforce any rights under the policy. 

    “On Holocaust Remembrance Day, we remember the 6 million Jews and millions of others who lost their lives at the hands of the evil Nazi regime,” said Congressman Kustoff. “As we reflect on that dark time in our history, we must do all we can to ensure the surviving victims and their families have the support they need. I am proud to introduce the Holocaust Insurance Accountability Act to help beneficiaries of Holocaust-era insurance policies work to recover these unpaid claims. May we never forget the atrocities that occurred during the Holocaust and work to give victims the care they rightfully deserve.” 

    Background:
    The Holocaust Insurance Accountability Act allows a beneficiary (or an heir of a beneficiary) of certain insurance policies in effect during the Holocaust to sue in U.S. district court to enforce rights under such policies. 

    • An insurance policy covered under this bill must have been (1) in effect at any time between January 31, 1933, and December 31, 1945, and (2) issued to a policyholder domiciled in Nazi-controlled territory or Switzerland.
    • A court shall award to a prevailing beneficiary (1) the amount due under a policy, (2) prejudgment interest of 6% a year, (3) attorney’s fees and costs, and (4) treble damages if the insurer acted in bad faith.
    • An action under this bill or state law related to a covered insurance policy shall be considered timely if filed within 10 years of this bill’s enactment.
    • Judgments and agreements entered before this bill’s enactment shall not preclude a claim brought under the bill, with certain exceptions. Neither executive agreements between the United States and a foreign government nor U.S. executive foreign policies shall (1) affect or preclude claims brought under this bill, or (2) supersede or preempt any state laws relating to insurance policies covered by this bill.

    Click here for the full text of the bill. 
     

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: BPMSoft and GUU agreed on the development of IT education

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The company “BPMSoft” (part of the IT holding LANSOFT), the developer of the domestic low-code platform BPMSoft, and the State University of Management (SUM) signed an agreement on cooperation in the field of IT education.

    The partnership is aimed at developing competencies in the field of process management among students of the Institute of Industrial Management. Joint work will be carried out within the framework of the discipline “Fundamentals of Process Management” of the Department of Theory and Organization of Management, as well as in the implementation of student projects under the auspices of the project office of the State University of Management. In the future, it is planned to deepen cooperation – this is about including the courses “Business Process Engineering” and “Business Process Modeling” in the educational tracks for senior students.

    The university’s lecturers have already begun to master the functionality of the BPMSoft platform. The training is conducted according to a program developed specifically for academic partners.

    Yulia Golyakina, head of the BPMSoft Education initiative: “Today’s students are tomorrow’s architects of the digital economy. We want them to enter the market with relevant knowledge and the ability to apply modern tools in real projects. Cooperation with the State University of Management is an important step in the formation of strong practice-oriented IT education in the country.”

    Dmitry Bryukhanov, Vice-Rector for Academic Affairs at the State University of Management: “We see great potential in integrating modern platforms into the educational process. Working with BPMSoft will allow students not only to study the theory of process management, but also to apply it in practice – in the language of business, technology and project work.”

    The partnership with the State University of Management became part of a large-scale academic initiative called “BPMSoft Education”. Over the past year and a half, more than two dozen leading universities in the country have joined the project. Its goal is to train a new wave of IT specialists with practical skills in working with domestic digital solutions that are in demand in public administration and business.

    About GUU

    The State University of Management is the first educational institution that has been specializing in management education in the USSR and Russia for over 100 years. More than 12 thousand students study at the SUM in 16 bachelor’s degree programs, 13 master’s degree programs, including economics, management, business informatics, state and municipal management, transport process technology, personnel management, statistics and others, as well as postgraduate students in 14 scientific specialties. The SUM implements a unique project-based education program, starting from the 1st year and focused on practical classes throughout the year. Every year, about 4 thousand specialists and business managers undergo retraining and improve their qualifications at the SUM.

    Over the years of its existence, the university has trained about 200 thousand highly qualified managers for various sectors of the economy. Among the graduates of the State University of Management are members of the Government of the Russian Federation, deputy ministers, governors, mayors of cities, heads of municipal structures and businesses.

    About BPMSoft

    “BPMSoft” (part of the IT holding LANSOFT) is the developer of its own low-code platform BPMSoft for automation and management of business processes in a single digital environment. BPMSoft contains tools for flexible configuration and customization, ready-made business applications for managing CRM, SRM, HRM, ITSM, connectors and extensions for effective adaptation to any IT infrastructure. The BPMSoft partner network includes 100 companies engaged in the implementation of the platform and the development of their own products based on it. BPMSoft’s clients include 500 major customers: banks and insurance, fuel and energy complex and industry, retail and FMCG, IT and development, and others.

    BPMSoft is included in the register of Russian software (registry entry No. 17372), belongs to the field of artificial intelligence, has FSTEC certification for 4 UD, and is also included in the list of 520 IT solutions that can be used at critical information infrastructure facilities from January 1, 2025, in accordance with Decree of the President of the Russian Federation No. 166 dated March 30, 2022.

    About LANSOFT

    IT holding LANSOFT unites leading platform solutions in the corporate software segment into a single product portfolio: TURBO, LDM, BPMSoft, Goodt. The products complement each other and cover key business needs: from budgeting, enterprise management, working with clients and suppliers to talent management and creating advanced analytical reports. All solutions of the brand are included in the register of Russian software.

    LANSOFT has an extensive network of over 170 authorized partners for sales and implementation of products. The LANSOFT team consists of over 1,400 employees.

    Subscribe to the TG channel “Our GUU” Date of publication: 12.05.2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Barca close in on title, Betis slip up in European race

    Source: People’s Republic of China – State Council News

    FC Barcelona could be confirmed as La Liga champions for this season either Wednesday or Thursday night after winning a thrilling Clasico at home to Real Madrid 4-3.

    The result leaves Barca seven points clear of Real Madrid at the top of La Liga, and if Madrid fails to beat Mallorca on Wednesday night, Barca will be confirmed as champions, although a win away to local rival Espanyol on Thursday would also ensure the title.

    Kylian Mbappe got Madrid off to a flying start on a sunny afternoon in Montjuic, winning and then scoring a penalty to open the scoring after just five minutes and then adding a second eight minutes later.

    Eric Garcia headed Barca back into the match in the 19th minute and Hansi Flick’s side took total control, with Lamine Yamal equalizing with a wonderful curling shot and two goals from Raphinha leaving a leaky Madrid defense in evidence.

    Mbappe completed a hat-trick in the second half, and both he and youngster Victor Munoz had chances to make it 4-4, but Barca should also have been given a clear penalty when Aurelien Tchouameni clearly blocked Ferran Torres’ goal-bound shot with his arm.

    Giuliano Simeone (R) of Atletico de Madrid vies with Ander Barrenetxea of Real Sociedad during the LaLiga football match between Atletico de Madrid and Real Sociedad in Madrid, Spain, on May 10, 2025. (Photo by Gustavo Valiente/Xinhua)

    Athletic Bilbao remains fourth after a hard-fought 1-0 win at home to Alaves in a game of few chances which was finally decided by Manu Sanchez’s own goal, as he looked to clear the ball 20 minutes from time.

    Athletic was missing several key players with injury and suspension, and despite making hard work of the game, the result could be hugely significant after Real Betis was held to a 1-1 draw at home to Osasuna.

    Chucho Hernandez put Betis ahead in the 64th minute, but Ante Budimir’s goal 11 minutes from time earned his side a draw.

    Leganes took three big points in the battle to avoid relegation with a 3-2 win at home to Espanyol, with Seydouba Cisse, Yan Diomande and a Marash Kumbulla own goal putting the team from the south of Madrid 3-0 up in the 64th minute.

    Leandro Carbera pulled a goal back for the visitors in the 79th minute, and although Pere Milla’s 98th minute effort will have caused some nerves, it was too late for Espanyol to complete its fightback.

    On Saturday, Alexander Sorloth scored four first-half goals, with three arriving in a four-minute spell, as third-placed Atletico Madrid brushed aside a Real Sociedad side that seems to be looking ahead to life without coach Imanol Alguacil.

    Real captain Mikel Oyarzabal apologized after the game for his side’s first-half display.

    A late goal from Etta Eyong saw Villarreal win 1-0 away to Girona, which remains in the relegation dogfight, with coach Michel Sanchez watching from his hospital bed due to health reasons.

    Valencia also turned on the style in the first half, with goals from Pepelu, Diego Lopez and Hugo Duro – the first and third from the penalty spot – providing a 3-0 win against Getafe and giving Valencia an outside chance of playing in Europe next season.

    Mallorca also kept its European hopes alive with a 2-1 win at home to hapless Real Valladolid.

    A group of Sevilla fans forced their way into the club’s training ground on Saturday night to protest at the club’s 3-2 defeat to Celta Vigo, who played for 45 minutes with 10 men after Marcos Alonso was sent off for handball.

    Despite having a player less, Celta led 3-1 with goals from Ilaix Moriba, Oscar Mingueza and Borja Iglesias before Kike Salas headed a 98th-minute goal that was scant consolation for Sevilla.

    MIL OSI China News –

  • MIL-OSI China: Argentinos Juniors beat Instituto to reach last eight

    Source: People’s Republic of China – State Council News

    Argentinos Juniors advanced to the quarterfinals of Argentina’s Primera Division Apertura tournament with a 3-1 home win over 10-man Instituto Cordoba on Sunday.

    Tomas Molina and Jose Herrera scored for the hosts in the space of three second-half minutes, but Gonzalo Requena reduced the deficit with a towering header in the 71st minute.

    The visitors were reduced to 10 men when Nicolas Zalazar was shown a second yellow card for a bad challenge four minutes from time.

    Argentinos Juniors put the result beyond doubt through Ismael Sosa, who tapped home from point-blank range after his initial attempt was blocked.

    “This team is very passionate. These games are like finals and each stage will be more difficult,” Argentinos Juniors manager Nicolas Diez told a post-match news conference.

    “What is most satisfying for me is the knowledge that our fans will go home tonight very happy.”

    In other round of 16 matches on Sunday, Independiente progressed to the last eight with a 1-0 home win over Independiente Rivadavia, and Huracan advanced by prevailing 3-2 at home to Deportivo Riestra. 

    MIL OSI China News –

  • MIL-OSI China: Club America, Cruz Azul reach Liga MX semifinals

    Source: People’s Republic of China – State Council News

    Club America and Cruz Azul reached the semifinals of Mexico’s Liga MX Clausura tournament by winning their respective quarterfinal ties on Sunday.

    After a goalless draw in the first leg, Club America raced to a 2-0 lead in its home clash against Pachuca courtesy of two goals in the opening half hour from United States international forward Alejandro Zendejas.

    The visitors were dealt another blow just before halftime when Morocco international winger Oussama Idrissi was sent off for a second yellow-card offense.

    Club America was in cruise control for most of the second half as it kept alive its bid for a fourth straight Mexican top-flight title.

    “We were consistent and clinical, which is exactly how I want us to be,” America manager Andre Jardine told a post-match news conference.

    “Whoever we come up against in the semifinals, we have to be prepared. We don’t feel like we are the favorites. The teams that have made it this far have done so on merit, and we know we have to be at our best to beat them.”

    Meanwhile, Cruz Azul edged to a 2-1 home victory over Leon to prevail in its quarterfinal 5-3 on aggregate.

    Ignacio Rivero put the hosts ahead from close range, but Jhonder Cadiz equalized with a composed finish on the counterattack.

    Chilean midfielder Rodrigo Echeverria gifted Cruz Azul the lead when he slid the ball into his own net while attempting to cut out a dangerous Amaury Morales cross from the right wing.

    MIL OSI China News –

  • MIL-OSI New Zealand: Arrests and impounds following tangi in Gisborne

    Source: New Zealand Police

    Police have made several arrests and impounded vehicles following a gang tangi in Gisborne, attended by up to 400 gang members and associates.

    The significant operation saw local Police supported by staff from neighbouring Districts including the Police Eagle helicopter, Tairāwhiti Area Commander Inspector Danny Kirk said.

    “Our focus today was the safety of the Gisborne community and those attending the tangi. In the lead up to today’s event, Police have been engaging with the family of the deceased, and gang leaders, who have passed on the message that we would be highly visible and enforcing the law.

    “It’s disappointing to see some people choosing to break the law, but that number is small compared to how many people were attending the tangi. A big part of that can be put down to the engagement we’ve had with gang leaders and the responsibility that they took for regulating the behaviour of their members.”

    At least four individuals were arrested or summonsed for public display of gang insignia and will appear in court in the coming days.

    One motorbike rider failed to stop twice for Police following a sustained loss of traction. The bike was recovered and has been impounded for six months. Enquiries are ongoing to identify the rider.

    Another three vehicles have been impounded for 28 days, two for dangerous driving, and one for driving while suspended.

    Several people were also seen leaning out of the windows of vehicles. Police are aware of their identities and will be following up with them.

    “While the tangi may have finished, our work to enforce the law has not.

    “Additional Police will be working through the night across Gisborne, carrying out reassurance patrols in the community and monitoring driving behaviour on our roads,” Inspector Kirk said.

    Police encourage anyone who witnessed illegal or intimidating behaviour around the tangi to make a report online or call 105. Please reference the file number 250511/1622.

    Information can also be provided anonymously to Crime Stoppers on 0800 555 111.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

  • India to present case against Pakistan at IMF over bailout review

    Source: Government of India (4)

    India is set to present its case before the International Monetary Fund (IMF) on Friday, urging a review of financial aid extended to Pakistan.

    Foreign Secretary Vikram Misri confirmed that India’s position would be officially conveyed during a board meeting of the IMF in Washington. “I’m sure our Executive Director will put forward India’s position,” Misri told reporters at a media briefing on Thursday.

    Misri did not mince words in his criticism of Pakistan’s use of IMF funds, suggesting that the aid indirectly enables Islamabad to support military intelligence operations and terrorist groups, including Lashkar-e-Toiba (LeT) and Jaish-e-Mohammed (JeM).

    He noted that Pakistan has historically failed to fulfil the conditions attached to IMF assistance. “Many of the 24 IMF bailout packages given to Pakistan never reached a successful conclusion,” Misri said, adding that “the case about Pakistan should be self-evident to those who generously open their pockets.” 

    India’s renewed call for a review of Pakistan’s IMF funding comes days after its military launched “Operation Sindoor,” targeting terror infrastructure in Pakistan and Pakistan-Occupied Kashmir (PoK). The operation was carried out in response to the April 22 Pahalgam terror attack, which killed 26 civilians. 

    (With IANS inputs)

  • COP30 Brazilian presidency calls for new global climate governance

    Source: Government of India (4)

    The Brazilian presidency of COP30, this year’s climate summit, called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter it released on Thursday.

    The summit, to be hosted in the Amazonian city of Belem in November, marks the 10th anniversary of the Paris Accord, when signatories agreed to limit warming to well below 2 degrees Celsius from pre-industrial levels.

    Though nations have so far committed to plans that would limit warming to around 2.6 degrees Celsius, many are struggling to get their proposals off the drawing board and to lower carbon emissions enough to stop the planet from heating to catastrophic levels.

    According to the letter by the COP30 presidency, “the international community should investigate how climate cooperation could become better equipped to accelerate” implementation.

    The proposal was first introduced by Brazilian President Luiz Inacio Lula da Silva last November, during the G20 summit in Rio de Janeiro. At the time, Lula proposed creating a “United Nations climate change council” to help countries implement commitments they made to address climate change as part of the 2015 Paris Agreement.

    “There’s no point in negotiating new commitments if we don’t have an effective mechanism to accelerate the implementation of the Paris Agreement,” Lula said. “We need stronger climate governance.”

    The proposal has now been adopted by Brazilian ambassador Andre Correa do Lago, who will preside over COP30. Correa do Lago argued that, after decades of debates, the Climate Convention, known as the UNFCCC, has completed necessary negotiations but lacks implementation capacity.

    “The UNFCCC and the Paris Agreement don’t have the strength or mandate to take this forward, so we’re proposing to reconsider how we can institutionally strengthen implementation,” Lago told journalists on Wednesday.

    The COP Presidency letter suggests that the United Nations General Assembly, not COP30 itself, should be the forum for this discussion.

    “Debates at the U.N. General Assembly could explore innovative governance approaches to endow international cooperation with capabilities for rapid sharing of data, knowledge and intelligence, as well as for leveraging networks, aggregating efforts and articulating resources, processes, mechanisms and actors within and outside the U.N.,” the letter states.

    Sources in the Brazilian government told Reuters that while the creation of a U.N. Climate Council features in Lula’s diplomatic discussions with world leaders, immediate results are not anticipated in the short term.

    “It’s still an initial convincing effort,” one source said.

    (Reuters)

  • India’s “New Resolve”: “Operation Sindoor” and New BrahMos Facility signal strategic strength

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Sunday hailed Operation Sindoor as a powerful symbol of the nation’s political, social, and strategic resolve during the virtual inauguration of the BrahMos Integration and Testing Facility Centre in Lucknow, Uttar Pradesh. The operation, aimed at dismantling terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK), underscored India’s zero-tolerance policy against terrorism, with the minister asserting that “even the land across the border is not safe for terrorists and their masters.”

    Speaking on National Technology Day, Shri Rajnath Singh described Operation Sindoor as a testament to the Indian Armed Forces’ capability and determination to deliver justice to families affected by anti-India terrorist activities. He referenced previous actions, including surgical strikes post-Uri, air strikes after the Pulwama attack, and multiple strikes following the recent Pahalgam attack, to highlight India’s proactive stance under Prime Minister Narendra Modi’s leadership. “This New India will take effective action against terrorism on both sides of the border,” he emphasized.

    The minister detailed how the operation targeted terrorist infrastructure while sparing innocent civilians, in contrast to Pakistan’s attacks on civilian areas, including temples, gurudwaras, and churches in India. The Indian Armed Forces, displaying both valor and restraint, struck multiple Pakistani military bases, with actions reaching as far as Rawalpindi, the location of Pakistan’s military headquarters.

    The newly inaugurated BrahMos facility, a 200-acre complex costing approximately Rs 300 crore, marks a significant step toward India’s self-reliance in defence manufacturing. Shri Rajnath Singh described the centre as a cornerstone of the Aatmanirbharta initiative, expected to generate around 500 direct and 1,000 indirect jobs while fostering skill development and industrialization in the region. The facility, part of the Uttar Pradesh Defence Industrial Corridor (UPDIC), will handle the integration of booster subassemblies, avionics, propellant, and ramjet engines for the BrahMos supersonic cruise missile, widely regarded as one of the world’s fastest.

    “BrahMos is not just a missile; it is a message of deterrence to adversaries and a commitment to safeguarding India’s borders,” the minister said, noting its role as a confluence of Indian and Russian defence technologies. He also invoked former President Dr. APJ Abdul Kalam’s words: “In this world, fear has no place, only strength respects strength,” underscoring India’s growing global stature.

    The facility’s launch aligns with the Modi government’s Make-in-India, Make-for-the-World vision, aiming to position India as a key player in the global defence market, which saw expenditures of $2,718 billion in 2024, according to the Stockholm International Peace Research Institute. The UPDIC has already attracted Rs 4,000 crore in investments, with 180 MoUs signed for a proposed Rs 34,000 crore, covering sectors like aircraft manufacturing, drones, ammunition, and small arms.

    Uttar Pradesh Chief Minister Yogi Adityanath, speaking at the event, praised the facility as a boost to the Make-in-India initiative and a step toward making Lucknow a defence manufacturing hub. He echoed the minister’s sentiments on Operation Sindoor, calling it a clear message that India will not tolerate terrorism. The Chief Minister highlighted ongoing projects across the UPDIC’s six nodes, involving both public and private sectors.

    The BrahMos Aerospace initiative also includes training programs, with 36 trainees selected to operate the facility, five of whom were felicitated during the inauguration. The event was attended by Deputy Chief Ministers Keshav Prasad Maurya and Brijesh Pathak, DRDO Chairman Dr. Samir V Kamat, and other senior officials.

  • Magnitude 5.5 earthquake strikes Tibet

    Source: Government of India (4)

    An earthquake of magnitude 5.5 struck Tibet early on Monday, the China Earthquake Administration (CEA) said.

    The quake hit the city of Shigatse at 5:11 a.m. (2111 GMT), at a depth of 10 km (6.2 miles).

    Authorities have dispatched emergency response services and no casualties have been reported so far, CEA said.

    In January, more than 120 died in a 6.8-magnitude earthquake that struck Tibet’s Tingri county, around 240 km (149 miles) away from Shigatse.

    (Reuters)

  • MIL-OSI USA: WATCH: Beatty Blasts Sec. Bessent for Failing to Address Her Saying His Staff Would Respond

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    WASHINGTON, DC – In a tense exchange during today’s House Financial Services Committee hearing, Congresswoman Joyce Beatty (OH-03) confronted Treasury Secretary Scott Bessent on two critical issues: enforcement gaps in the Beneficial Ownership Information (BOI) rule and the years-long delay of the Harriet Tubman $20 bill.

    When asked whether the BOI rule applied to U.S. nationals, Secretary Bessent responded, “No, ma’am. I am saying that we have bifurcated it, that U.S. nationals do not have to file and that foreign nationals do.”

    Rep. Beatty pushed back:

    “If we’re limiting enforcement of the rule just to the foreign entities, that creates a giant loophole whereby any foreign entity can register in the United States and evade or not do the BOI reporting requirements… It makes it easier for human and drug traffickers, cartels, terrorists, organizations, and other criminals to do business in the United States.”

     

    She then asked for an update on the Harriet Tubman $20 bill. Secretary Bessent replied:

    “Uh, no, ma’am. I, I can’t, but my staff will get back to you.”

     

    To which Beatty responded:

    “I want you to get back to me, because see, there seems to be an issue when it comes to things that affect people of color or people who live in poverty… My staff person didn’t ask them the question. I did.”

    When the Chairman attempted to move on, Rep. Beatty stood her ground:

    “I will not stop. I will not be silenced… I am a member of the United States Congress… I’m not gonna stop this morning until you respond to me.”

    Watch the heated exchange HERE. 

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Beatty’s Statement on the Firing of Dr. Carla Hayden

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    WASHINGTON, D.C. – Today, Congresswoman Joyce Beatty (OH-03) released the following statement regarding President Trump’s abrupt firing of Dr. Carla Hayden, the first African American and first woman to serve as Librarian of Congress:

     

    “Dr. Carla Hayden is a trailblazer and a devoted public servant who transformed the Library of Congress into a more inclusive, accessible institution. Through her ‘Of the People’ initiative, she empowered more Americans—especially communities of color—to see themselves reflected in our national collections.

    Abruptly ending her nearly decade-long service with a carelessly addressed email and no explanation is a profound insult to her contributions and leadership. She exemplifies the highest standards of public service, and our nation should be proud of her historic tenure.

    To remove her without cause or courtesy is not only deeply disrespectful—it is yet another attack by President Trump on knowledge, culture, and Black leadership. I strongly condemn this unjust firing and stand with Dr. Hayden, whose impact will endure long after this shameful decision.”

     

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Beatty’s Statement on the Passing of Pope Francis

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    I’m saddened by the passing of Pope Francis—a powerful voice for peace, tolerance, and stewardship of the Earth as our common home.

     

    By centering the needs of the poor and marginalized and urging us to protect our planet, he exemplified the power of leadership to uplift both people and the world we share. His bold condemnation of racism as “an intolerable sin” challenged us all to pursue justice and compassion.

     

    As we grieve this profound loss, may we honor his memory by continuing his mission of mercy, equality, and care for creation and all of humanity.

     

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    MIL OSI USA News –

  • India’s Gaganyaan mission enters final phase, first human spaceflight set for 2027

    Source: Government of India (4)

    India’s first human space mission, ‘Gaganyaan,’ has entered its final phase, with the first human spaceflight now scheduled for the first quarter of 2027, Union Minister Dr. Jitendra Singh said on Tuesday.

    Singh said that the successful completion of the TV-D1 mission and the first uncrewed Test Vehicle Abort Mission earlier this year have laid a strong foundation for the upcoming test schedule.

    The second Test Vehicle mission (TV-D2) is slated for later in 2025, followed by the uncrewed orbital flights of Gaganyaan. These milestones will culminate in India’s maiden human spaceflight in 2027, launching Indian astronauts into orbit aboard an Indian rocket from Indian soil.

    Calling it a “historic mission,” the minister emphasized that the Gaganyaan programme represents India’s rise as a global space power built on indigenous technology, fiscal prudence, and visionary political leadership.

    He also recalled that Prime Minister Narendra Modi had clearly laid out India’s long-term ambitions in space, including setting up the ‘Bharatiya Antariksha Station’ by 2035 and sending the first Indian to the Moon by 2040.

    The Human-rated LVM3 vehicle, the Crew Escape System, and the Crew Module and Service Module are all undergoing final stages of testing and integration.

    The minister confirmed that the uncrewed orbital ‘Gaganyaan’ mission is on track for launch later this year, with recovery trials already conducted with the Indian Navy and more sea recovery simulations planned.

    Training for astronauts is also progressing steadily. The minister informed that four Indian Air Force pilots, selected as astronaut-designates, have completed training in Russia and are undergoing further mission-specific training in India. Their health, psychological fitness, and simulation-based operational readiness are being continuously assessed at India’s astronaut training facility.

    “The expenditure being incurred on the ‘Gaganyaan’ project is minimal compared to similar human spaceflight missions conducted by other countries,” the minister said. He added that the mission’s returns, both in terms of technological innovation and economic stimulus, far exceed the costs involved.

    ISRO Chairman Dr. V. Narayanan echoed the view that ‘Gaganyaan’ is catalyzing India’s emergence as a self-reliant space power, inspiring a new generation of scientists, engineers, and entrepreneurs.

    With the crewed mission expected in 2026, India is poised to join an elite group of nations that have independently developed the capability for human spaceflight.

    IANS

  • PM Modi unveils vision for India’s space future at GLEX 2025, astronaut to ISS soon, Moon landing by 2040

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi addressed the Global Conference on Space Exploration (GLEX) 2025 via video conferencing on Wednesday, highlighting India’s evolving leadership in space technology and its commitment to global cooperation in advancing the frontiers of space exploration.

    Welcoming delegates, astronauts, and scientists from around the world, the Prime Minister described space as “not merely a destination but a declaration of curiosity, courage, and collective progress.” He spoke of India’s extraordinary journey, from launching a small rocket in 1963 to becoming the first nation to land near the Moon’s South Pole with Chandrayaan-3.

    “Indian rockets carry more than payloads—they carry the dreams of 1.4 billion Indians,” PM Modi said. He recounted key milestones in India’s space program, including the 2014 Mars Orbiter Mission (Mangalyaan), which reached Mars on its first attempt and breakthroughs made by Chandrayaan-1 and Chandrayaan-2 in discovering lunar water and capturing high-resolution imagery of the Moon’s surface.

    The Prime Minister highlighted that India has successfully launched over 400 satellites for 34 countries, developed cryogenic engines in record time, and deployed 100 satellites in a single mission. He celebrated India’s latest achievement—docking two satellites in space this year, calling it a major stride toward future interstellar endeavors.

    Reaffirming India’s approach to space as a collaborative, rather than competitive, effort, Modi emphasized the need to explore space “for the benefit of humanity.” He recalled India’s regional cooperation in launching a satellite for South Asian nations and announced that the G20 Satellite Mission, initiated during India’s G20 presidency, would become a key contribution to the Global South.

    Looking ahead, the Prime Minister outlined India’s ambitious roadmap in space exploration. He announced that an Indian astronaut would travel to the International Space Station in the coming weeks as part of a joint ISRO-NASA mission. He also confirmed the progress of India’s first human spaceflight mission, Gaganyaan, and unveiled the vision to establish the Bharatiya Antariksha Station by 2035. By 2040, PM Modi said, an Indian astronaut would set foot on the Moon, with future missions to Mars and Venus also in sight.

    Beyond exploration, the Prime Minister emphasized how space technology empowers governance and everyday life in India. He cited the use of satellites in issuing fishermen alerts, enhancing railway safety, advancing weather forecasting, and supporting the GatiShakti infrastructure platform. He noted that many of these space programs are led by women scientists, underscoring India’s inclusive approach to scientific advancement.

    Encouraging innovation, PM Modi spotlighted the role of India’s burgeoning private space sector, which now includes over 250 startups engaged in areas such as satellite technology, propulsion systems, and remote imaging.

  • Healthy childhood diet linked to later onset of menstruation in girls: Study

    Source: Government of India (4)

    A new study suggests that a diet rich in vegetables, legumes, and whole grains during childhood may delay the onset of menstruation in girls. The findings, published in the journal Human Reproduction, remained consistent regardless of body mass index (BMI) or height, factors previously associated with early puberty.

    The timing of menstruation has long-term health implications. Early onset has been linked to a higher risk of obesity, type 2 diabetes, breast cancer, and cardiovascular diseases in adulthood.

    “Our findings underscore the importance of ensuring that all children and adolescents have access to nutritious food,” said Holly Harris, Associate Professor at the Fred Hutchinson Cancer Center in Seattle. “This also highlights the critical role of school-based meals being guided by evidence-based nutritional standards.”

    The study analysed data from more than 7,500 children aged 9 to 14, examining their diets through two well-established frameworks: the Alternative Healthy Eating Index (AHEI) and the Empirical Dietary Inflammatory Pattern (EDIP).

    The AHEI rewards higher scores for healthier food choices such as vegetables, legumes, and whole grains, while penalizing the consumption of red and processed meats, trans-fats, and excess salt. The EDIP evaluates a diet’s inflammatory potential, identifying foods like refined grains, processed meats, and sugary beverages as contributors to systemic inflammation.

    “We found that both dietary patterns were associated with the age of menarche,” Harris explained. “A healthier diet was linked to a later onset of menstruation, independent of BMI and height. This reinforces the importance of diet quality over body size alone.”

    The researchers concluded that the type of food consumed during childhood and adolescence, and its potential to cause or reduce inflammation, may play a more significant role in determining the timing of menstruation than physical growth indicators.

    (With IANS inputs)

  • Drink black tea, eat berries and apples to age healthy

    Source: Government of India

    Source: Government of India (4)

    Want to age healthily? A higher intake of black tea, berries, citrus fruits, and apples may help, according to global research.

    Researchers from Edith Cowan University (Australia), Queen’s University Belfast (UK), and the Harvard T.H. Chan School of Public Health (US) found that foods rich in flavonoids could help lower the risk of key components associated with unhealthy ageing, including frailty, impaired physical function, and poor mental health.

    “The goal of medical research is not just to help people live longer but to ensure they stay healthy for as long as possible,” said Dr Nicola Bondonno, Adjunct Lecturer at Edith Cowan University.

    Previous studies have shown that individuals with higher flavonoid intake tend to live longer and are less likely to develop major chronic diseases such as dementia, diabetes, or heart disease.

    “Our research shows that people who consume more flavonoids tend to age better,” Bondonno added.

    The study, which analysed data from 62,743 women and 23,687 men over a span of 24 years, found that women with the highest flavonoid intake had a 15 per cent lower risk of frailty, a 12 per cent lower risk of impaired physical function, and a 12 per cent lower risk of poor mental health, compared to those with the lowest intake.

    While fewer associations were observed in men, higher flavonoid intake was still linked to a lower risk of poor mental health.

    “Flavonoids are well known for reducing oxidative stress and inflammation, supporting blood vessel health, and even helping to maintain skeletal muscle mass — all of which are important for preventing frailty and maintaining physical function and mental health as we age,” said Professor Aedin Cassidy from Queen’s University Belfast.

    The study also showed that participants who increased their intake of flavonoid-rich foods by three servings a day had a 6 to 11 per cent lower risk across all three ageing-related outcomes in women, and a 15 per cent lower risk of poor mental health in men.

    “Overall, these findings underscore the potential for simple dietary modifications to improve quality of life and support healthy ageing,” added Professor Eric Rimm from Harvard.

    — IANS

  • UAE university team develops improved non-surgical blood flow monitoring device

    Source: Government of India (4)

    Researchers from United Arab Emirates University have created an enhanced technology for monitoring blood flow without surgery, using piezoelectric pressure sensors. The innovation measures crucial physiological parameters including blood flow velocity and viscosity by utilizing materials that generate electric fields when subjected to mechanical stress.

    The improved version delivers greater accuracy in data interpretation while being more cost-effective than existing alternatives, making it suitable for deployment in both clinical and home environments. The technology provides real-time monitoring capabilities that can help detect potentially dangerous conditions such as blood clots.

    “Our goal is to improve an existing technology to make it more accurate and user-friendly, benefiting both patients and healthcare providers,” said Professor Mahmoud Al Ahmad, who supervised the research team. “It is worth mentioning that this project provided a training opportunity for four undergraduate students in scientific research.”

    The team plans to incorporate artificial intelligence in future iterations to further enhance the system’s capabilities and expand its applications. This development aligns with the UAE’s strategic vision to advance medical technology and reduce dependence on imported healthcare solutions.

    The innovation strengthens the local medical device manufacturing sector and supports the UAE’s ongoing transition toward a knowledge-based economy. By creating more accessible diagnostic tools, the research contributes to promoting health equity and providing accurate, affordable medical diagnostics globally.

  • MIL-OSI: 27/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 27 / 2025
    Schindellegi, Switzerland – 12 May 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 74,679 85.74 6,403,060
    5 May 2025 1,500 90.12 135,180
    6 May 2025 1,297 92.45 119,908
    7 May 2025 1,700 91.34 155,278
    8 May 2025 1,600 92.65 148,240
    9 May 2025 1,398 92.27 128,993
    Accumulated 82,174 86.29 7,090,659

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 82,174 at a total amount of DKK 7,090,659. On 25 March and on 25 April 2025, 2,929 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 315,631 treasury shares, corresponding to 1.6%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,429,268.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • India-Pakistan tensions trigger selloff in stock markets, Sensex falls 880 points

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets witnessed a sharp decline on Friday as rising tensions between India and Pakistan spooked investors.

    At the closing bell, the Sensex dropped 880.34 points, or 1.10 per cent, to close at 79,454.47, while the Nifty fell 265.80 points, or 1.10 per cent, to settle at 24,008.

    “Nifty traders appeared to embrace risk-off trades amid India-Pakistan tensions, as the index fell from its recent consolidation zone,” said Rupak De of LKP Securities.

    He added that the Nifty managed to stay above the 24,000 mark as it found support around the 21-day exponential moving average (EMA).

    Among the Sensex’s 30 stocks, ICICI Bank led the losses, falling 3.09 per cent during the intra-day session, followed by PowerGrid (down 2.61 per cent), Bajaj Finance (down 1.84 per cent), and Reliance Industries (down 1.84 per cent).

    However, some stocks managed to post gains. Titan led the pack with a 4.25 per cent rise, followed by Larsen & Toubro at 4.02 per cent, Tata Motors with 3.86 per cent, State Bank of India at 1.39 per cent, and Asian Paints, which edged up 0.2 per cent.

    Investor sentiment weakened across the board. The Nifty Bank, financial services, and realty indices each dropped more than 1 per cent, with the realty sector emerging as the worst performer, plunging nearly 2 per cent.

    Other key sectors—auto, IT, energy, pharma, FMCG, healthcare, and oil & gas—also ended the day in the red.

    Despite the overall weakness, a few sectors bucked the trend. Nifty PSU Bank, consumer durables, media, and metal stocks managed to close with gains, providing some support to the market.

    In the broader market, the Nifty Midcap 100 index ended flat, while the Nifty Smallcap 100 slipped 0.61 per cent.

    Additionally, the rupee traded in a volatile range of 85.90 to 85.35 amid the ongoing border tensions, with signs of escalation keeping market participants cautious.

    “Any fresh developments on the geopolitical front are likely to have a significant impact on the rupee’s direction,” said Jateen Trivedi of LKP Securities.

    –IANS

  • India-Pak conflict affects 11 pc of daily domestic air traffic: Industry data

    Source: Government of India

    Source: Government of India (4)

    As tensions flare up between India and Pakistan, at least 11 per cent of the daily domestic air traffic has been affected following the shutdown of 24 airports in the country, data showed on Friday.

    According to industry data, average daily domestic flights dropped from 3,265 in April to 2,907 (as of May 8).

    Nearly 670 airline routes will be affected over May 9-10. This includes 334 incoming and 336 outgoing flights across the 24 airports that have been shut, according to FlightRadar24 data.

    Airports in Srinagar, Chandigarh, Amritsar, Jammu and Leh account for the most affected routes. Other impacted airports include Patiala, Bhuntar, Pathankot, Bikaner, Jaisalmer, Mundra, Keshod and Rajkot.

    As per industry data, arrivals are also delayed across cities including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. Departures from these airports face higher disruption, according to FlightRadar24 data.

    Meanwhile, the Indira Gandhi International Airport in Delhi remained open and operational on Friday.

    “Delhi Airport operations remain normal. Some flights are impacted due to changing airspace conditions and heightened security. Please check with your airlines for the latest updates,” said the Delhi International Airport Ltd (DIAL) in a post on X.

    “We are working closely with all stakeholders to minimise any inconvenience,” DIAL added.

    Low-cost carrier IndiGo, which is facing up to 500 flight cancellations, said in an X post “Your safety is paramount and we are here to help you travel with ease”.

    The grounding of civil flights is impacting connectivity in northern and western India, and travellers have been urged to check with airlines before heading to the airport.

    The Bureau of Civil Aviation Security (BCAS) has advised all airlines and airports in the country to strengthen security measures.

    “Due to an order from the Bureau of Civil Aviation Security regarding enhanced security measures at airports, passengers across the country are encouraged to allow extra time for check-in and boarding. Check-in will close 75 minutes before departure,” said Air India said.

    On the other hand, international traffic remains largely stable, with daily flights dipping marginally from 616 to 604, according to FlightRadar24 data.

    (IANS)

  • India’s first mortgage-backed PTCs listed on NSE

    Source: Government of India

    Source: Government of India (4)

    M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, on Tuesday rang the ceremonial bell to mark the listing of the country’s first mortgage-backed Pass Through Certificates (PTCs) on the National Stock Exchange (NSE). The certificates were structured by RMBS Development Company Limited.

    The listing ceremony, held in Mumbai, was attended by senior officials from banks, housing finance companies, and key financial institutions. The PTCs, fully subscribed at ₹1,000 crore, are backed by a pool of housing loans originated by LIC Housing Finance Limited. A total of 1,00,000 certificates with a face value of ₹1,00,000 each were issued.

    This marks the first time a PTC issue in India has had its coupon rate discovered through the NSE’s Electronic Book Provider (EBP) platform. The certificates carry a 7.26% annual coupon and have a final maturity of approximately 20 years. Rated AAA(SO) by CRISIL and CARE Ratings, the PTCs are issued in dematerialized form, making them fully transferable and eligible for secondary market trading.

    Addressing the gathering, Nagaraju emphasized the crucial role of the housing and housing finance sectors in India’s economic development. “Housing finance has extensive forward and backward linkages with several other sectors, including infrastructure,” he said. “Meeting the housing needs of our vast population is essential to ensuring inclusive and sustained economic growth.”

    He further underscored the potential of securitization in integrating the housing finance and debt markets, calling the introduction of RMBS (Residential Mortgage-Backed Securities) a possible catalyst for the sector’s future growth.

  • Delhi airport resumes normal operations after heavy rains lash national capital

    Source: Government of India

    Source: Government of India (4)

    Flight operations at Delhi’s Indira Gandhi International Airport have returned to normal after being disrupted earlier in the day due to heavy rain and thunderstorms, according to an official advisory issued Friday.

    “Following the advisory issued by the India Meteorological Department this morning, we confirm that the airport is operating normally,” the airport said in a statement. “While some flights have been impacted by the adverse weather, our on-ground teams are working closely with all stakeholders to ensure a seamless and efficient passenger experience.”

    Although a few flight delays and diversions continue to affect schedules, the airport confirmed that normal operations have largely resumed. Passengers are advised to remain in contact with their respective airlines for the latest updates.

    Earlier in the day, three Delhi-bound flights were diverted—one to Ahmedabad and two to Jaipur—due to inclement weather. Several other flights faced delays, airport sources said.

    Heavy rainfall early Friday led to waterlogging and traffic snarls across parts of Delhi. In a previous update, airport authorities acknowledged the impact of the weather and reiterated their efforts to support affected travelers.

    “Due to thunderstorms and adverse weather in Delhi, some flights have been affected. Our on-ground teams are actively coordinating with all relevant parties to ensure passenger convenience,” the earlier statement read.

    The India Meteorological Department has issued a weather alert for the Delhi-NCR region, advising residents to exercise caution and prioritize safety.

    (With ANI inputs)