Suspected North Korean hypersonic missile explodes in flight

South Korea conducts live-fire drills along its disputed western sea boundary — its first since it suspended a 2018 agreement with North aimed at reducing frontline military tensions in early June

Published Date – 26 June 2024, 03:18 PM


Suspected North Korean hypersonic missile explodes in flight

The South Korean Marines Spike missile being launched during live-fire drills at Yeonpyeong Island near maritime border with North Korea on Wednesday. Photo: AP

Seoul: A suspected hypersonic missile launched by North Korea exploded in flight on Wednesday, South Korea‘s military said, as North Korea protests the regional deployment of a US aircraft carrier for a military drill with South Korea and Japan.

Later on Wednesday, South Korea conducted live-fire drills along its disputed western sea boundary with North Korea, its first since it suspended a 2018 agreement with the North aimed at reducing frontline military tensions in early June.


The North Korean missile was launched at about 5.30 am and aimed toward the North’s eastern waters before the failure, South Korea’s Joint Chiefs of Staff said. Missile fragments were scattered in the water up to 250 km from the launch site near North Korea’s capital, it said. No damage was immediately reported.

The Joint Chiefs of Staff said it believes the weapon was a solid-fuelled hypersonic missile. The launch generated more smoke than normal launches, possibly because of an engine fault, it told South Korean reporters at a background briefing. The contents of the briefing were shared with foreign media.

In a three-way phone call, senior diplomats from South Korea, the US and Japan condemned the missile launch as a violation of UN resolutions and agreed to maintain close coordination in response to North Korean threats, according to South Korea’s Foreign Ministry.

North Korea has performed a series of hypersonic missile tests since 2021 in an apparent effort to acquire an ability to penetrate its rivals’ missile defence shields. Foreign experts question whether the missiles have achieved their desired speed and maneuverability during the test flights.

In recent years, it has also been developing more missiles that use solid propellants, Launches of such missiles are harder to detect than liquid-propellant missiles, which must be fuelled before liftoff. Wednesday’s missile test came as the rival Koreas are engaged in Cold War-style psychological warfare using balloons and loudspeaker broadcasts.

Nakhala: Late Iran president, FM have major role in victories of resistance

The chief of the Palestinian Islamic Jihad movement says late Iranian President Ebrahim Raeisi and former Foreign Minister Hossein Amir-Abdollahian played a major role in victories scored by the resistance factions.

“Martyr Raeisi and martyr Amir-Abdollahian scored significant gains for the resistance and the region and brought the positions of various countries closer to Palestine,” Ziad al-Nakhaleh said at a ceremony held in Tehran on Thursday.

“This was a gain for Palestine and the entire region,” he told the event to mark the 40th day since the passing of President Raeisi in a helicopter crash, hailing the country for taking the upheaval in its stride with fortitude and composure.  

Referring to Israel’s ongoing war on Gaza, Nakhaleh said President Raeisi defended Palestine in all international forums, adding his statements are still “effective.”

“We will not forget the positions of the Iranian president and his martyred foreign minister in support of Palestine,” he added.

The helicopter carrying president Raeisi and his entourage crashed when it was on its way to Tabriz, the capital of Iran’s East Azarbaijan province.

Amir-Abdollahian along with Friday Prayers leader of Tabriz city Mohammad Ali Al-e Hashem, and Malek Rahmati, the governor of East Azarbaijan Province, as well as crew members and a bodyguard also lost their lives in the crash.

The incident engulfed Iran in shock and grief and generated a groundswell of support and solidarity from Muslims and non-Muslims across the world.

Nakhaleh also thanked Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and Iran’s officials and nation for their unflinching support for the Palestinian people and resistance.

“God willing, we will continue together [on the path to] towards the victory of al-Quds and Palestine,” al-Nakhaleh added.

Israel launched the war on Gaza on October 7 after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime’s decades-long campaign of bloodletting and devastation against Palestinians.

Since the start of the offensive, the Tel Aviv regime has killed at least 37,765 Palestinians and injured over 86,429. Thousands more are also missing and presumed dead under rubble.

T20 World Cup: South Africa reaches final with 9-wicket win over Afghanistan

Batting first on a tricky surface, Afghanistan struggled and were reduced to 56 for 10 in 11.5 overs.

Updated On – 27 June 2024, 03:12 PM


T20 World Cup: South Africa reaches final with 9-wicket win over Afghanistan


Port of Spain: South Africa defeated Afghanistan by 9-wicket to reach the final of the Men’s T20 World Cup 2024 at Brian Lara Stadium on Thursday.

Earlier, batting first on the tricky surface Afghanistan struggled to put runs on the board and were reduced to 56 for 10 in 11.5 overs. Marco Jansen and Tabraiz Shamsi picked 3-fers each as Kagiso Rabada and Anrich Nortje picked two wickets.


The chase was led by by Reeza Hendricks, who played an innings of 29 off 25 deliveries and was well supported by skipper Aiden Markram, who scored 23 runs as the Proteas men chase down the total in 8.5 overs for the loss of one wicket to enter the maiden ICC final.

Brief scores:

Afghanistan 56 all out in 11.5 overs (Azmatullah Omarzai 10, Rashid Khan 8; Tabraiz Shamsi 3-6, Marci Jansen 3-16) lost to South Africa 60 for 1 in 8.5 overs (Reeza Hendricks 29 not out, Aiden Markram 23 not out; Fazalhaq Farooqi 1-11) by nine wickets.

UltraTech Cement to acquire 23% in India Cements for around Rs 1,885 cr-Telangana Today

To buy 7.06 crore equity shares of India Cements at a price of up to Rs 267 per share

Published Date – 27 June 2024, 12:18 PM


UltraTech Cement to acquire 23% in India Cements for around Rs 1,885 cr


New Delhi: The country’s leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore.

As part of the transaction, UltraTech Cement will acquire 7.06 crore equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.


The Board of company at its meeting held on Thursday approved “making a financial investment to purchase up to 7.06 crores equity shares of India Cements Ltd,” the filing said.

Calculated on the basis of Rs 267 per share, the transaction value of the acquisition stood at Rs 1,885 crore.

“This non-controlling financial investment constitutes around 23 per cent of the equity share capital of India Cements,” said UltraTech.

UltraTech, with an installed capacity of 152.7 million tonnes per annum (MTPA) of grey cement, is in expansion mode. On April 20 announced the acquisition of a grinding unit from India Cements in Maharashtra for a consideration of Rs 315 crore.

Earlier this week, UltraTech Cement also announced a revision of its offer to acquire 25 per cent in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT).
In the last 12 months, UltraTech has expanded its capacity by 18.7 MTPA.

“The ongoing expansion of 35.5 MTPA is actively being implemented across 16 locations. In addition, the company is in the process of closing the proposed acquisition of Kesoram Cement. This will further augment UltraTech’s grey cement capacity to 198.2 MTPA,” the company had said in a statement in April.

UltraTech in April this year had announced a capex of Rs 32,400 crore (nearly $4 billion) over the next three years.

Meanwhile, India Cements’ revenue from operations for the financial year ended on March 31, 2024 was down 8.84 per cent to Rs 5,112.24 crore. It has also reported widening of loss to Rs 227.34 crore, from Rs 126.89 crore in FY23.

India Cements is monetising some of its non-core assets to improve its liquidity and to meet its capital expenditure plans.

In September 2023, India Cements sold 73.75 acres of land at Kantakapalle and Chinnipalem villages in Vizianagaram district of Andhra Pradesh valued at Rs 70 crore to UltraTech Cement.

In October 2022, India Cements sold its entire shareholding held by it in Springway Mining Pvt Ltd (SMPL), for a consideration of Rs 476.87 crore to JSW Cement.

India Cements has a total Group capacity of 16 MTPA including 1.5 MTPA from its subsidiary, Trinetra Cement Ltd.

UltraTech has a consolidated capacity of 152.7 Million Tonnes Per Annum (MTPA) of grey cement. It has 24 integrated manufacturing units, 33 grinding units, one clinkerisation unit and eight bulk packaging terminals.

Its capacity over the past two decades, “has grown 11x, far outpacing the industry growth of 4x,” according to an earlier statement by the company.

“It took 36 years for the cement business of Aditya Birla Group, to get to a capacity of 100 MTPA. And UltraTech has subsequently added the next 50 mtpa in less than 5 years with an investment of around Rs 32,000 crore,” it said.

In the last AGM in 2023, its chairman Kumar Mangalam Birla had set a target for 200 MTPA, aiming to become one of the largest cement companies in the world.

The Aditya Birla Group firm is followed by billionaire Gautam Adani-owned Ambuja Cement in the cement industry, which along with its subsidiaries as ACC, Sanghi Industries, is sitting at 79 MTPA capacity.

Adani Group also has an ambition to have a capacity of 140 MTPA by 2028 and as part of that, it announced the acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore this month, which will add 14 MTPA, taking its capacity to 93 MTPA.

Shares of UltraTech Cement were trading at Rs 11440.35, higher by 2.61 per cent on the BSE, while shares of India Cements were trading at Rs 285.80 apiece, up 8.69 per cent on the BSE.

Man On Cycle Run Over By Bus In Lucknow, Head Crushed

Man On Cycle Run Over By Bus In Lucknow, Head Crushed

The cyclist changes lanes because a car parks in front of him.

Lucknow:

In a horrific accident in Lucknow, which was caught on camera, a man on a cycle has been run over by a bus. The bus hit the cyclist on the side and he fell, getting his head crushed by the wheels.

CCTV footage from the Wazirganj area in Lucknow shows the cyclist riding on the left side of the road, when he is forced to come to the centre because a car double parks in front of him. While changing lanes, he can also be seen pulling out his phone from his pocket and checking something.

A bus coming from behind crosses him just as he is next to the car and the front goes by without touching the cycle. The side of the bus hits the cycle, however, and the man falls onto the road. His head is then crushed by the rear wheels, causing his death. 

The bus can be seen slowing down for a second or so before driving away as people rush to the cyclist. The accident occurred on Wednesday.
 

Nirmal’s ZPSS Maskapur stands out in providing quality education

As many as 113 students studying at Maskapur Zilla Parishad Secondary School (ZPSS) were qualified to get the scholarship from 2018 to 2024

Updated On – 27 June 2024, 04:58 PM


Nirmal’s ZPSS Maskapur stands out in providing quality education

Students who cracked NMM scholarships in 2023-24 academic year pose for a group photograph along with their teachers and headmaster at ZPSS Maskapur in Khanapur mandal.

Nirmal: A government school at remote Maskapur village in Khanapur mandal is setting an example to other schools and surpassing its own benchmarks by providing outstanding quality of education to its pupils as indicated by its excellence performance in National Means cum Merit Scholarship (NMMS) and many other tests.

As many as 113 students studying at Maskapur Zilla Parishad Secondary School (ZPSS) were qualified to get the scholarship from 2018 to 2024. The school stood top in registering highest scholarships in the district for six times in a row between 2019 and 2024 and was topper in the state for bagging 24 scholarships in 2021, reflecting the quality of education offered by the school.


Nirmal

DEO Ravinder Reddy, teachers and headmaster Narender Redddy release pamphlets of the school at Maskapur village in Khanapur mandal recently

Twenty-one students from the school got seats at Rajiv Gandhi University of Knowledge and Technologies (RGUKT) or IIIT-Basar for faring well in SSC. M Siddharth and B Varshith of the school achieved first and second positions in the district in a social studies talent test in 2023. Siddharth won Rs 1 lakh by emerging victorious in ‘Meelo Evaru Lakshadikari’, a district level competition held by Thanneru Venkat Rao, an educationist from Nirmal in 2022.

Jaswanth, a student belonging to the school topped the district by excelling in the Mathematical Olympiad in 2022. Pupils from the school shine in the INSPIRE Manek science exhibition, science fairs and Chekumuki talent test held in recent times. The school registered a pass percentage of 98.4 in results of Class X in 2024 and 100 percent in 2023. A total of 124 Grade X students passed all the subjects as against the total of 126 pupils.

“Teachers walk an extra mile to impart various subjects. They create an environment that makes learning a joy for students. Similarly, parents extend support in molding the students,” headmaster, Erri Narender Reddy told ‘Telangana Today.’

Highest enrollments in the district

Considering the highest scholarships and impeccable academic performance of the students, many parents are coming forward to join their children at the school. As a result, the school is seeing the highest enrollments of students in the district. It now has a strength of 780 students as against 750 in 2023. To generate admissions, the teachers distributed pamphlets highlighting the scholarships and academic performance of the students

District Educational Officer (DEO) A Ravinder Reddy remarked that Maskapur ZPSS school was one of the best schools in the district in offering quality education to students. It had become a role model to other schools in cracking NMM scholarships and seats at RGUKT-Basar, he stated.

Russia says work underway on ‘big treaty’ with Iran


Russian Foreign Ministry spokeswoman Maria Zakharova

Russia says it is working on a significant cooperation agreement with Iran, a sign of growing friendship between the two nations.

“Now we are working on a treaty – probably you have heard about it, and I ask you once again not to use the formula ‘the same as the one with North Korea’ – now the work is underway on the big treaty with Iran,” Foreign Ministry spokeswoman Maria Zakharova told a presser in Moscow on Wednesday.

Her comment referred to a comprehensive bilateral cooperation agreement that has been negotiated between the two sides for years.

In January, Russia’s Foreign Ministry said a new inter-state treaty reflecting the “unprecedented upswing” in Russia-Iran ties was being finalized.

Over the past couple of years, the two countries have strengthened their bonds of friendship.

Earlier this month, Iran’s acting Foreign Minister Ali Bagheri Kani said Tehran and Moscow had serious intentions of expanding cooperation in several domains.

Bagheri Kani, in an interview on the sidelines of the BRICS Foreign Ministers’ meeting in the Russian city of Nizhny Novgorod, said Iran and Russia were two neighboring countries with historical relations.

“In the past years, the relations between the two countries have increased and also the two countries share similar challenges and threats, promoting several opportunities for cooperation.”

For his part, Russian Foreign Minister Sergei Lavrov expressed Moscow’s commitment to finalize the comprehensive long-term cooperation agreement with the Islamic Republic of Iran. “Moscow is dedicated to concluding this memorandum with Tehran.”

In a press conference following the BRICS meeting, Lavrov said the draft of the agreement had been agreed upon but still had to be signed by the presidents.

He said signing the agreement would need to go through some formal protocols to be finalized.

Lavrov said the signing of this document would elevate Tehran-Moscow relations to a new stage. “As soon as the stages I mentioned are implemented in Iran, we can do this.”


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.ir

Martyr Beheshti architect of judiciary system in Iran

The late Ayatollah Mohammad Beheshti played a key role in shaping Iran’s post-revolution constitution and administrative structure and was a leading figure in the history of Shiite thought.

He also made significant contributions to the country’s judicial system on the international stage.

Beheshti was responsible for identifying and mentoring several influential politicians in the Islamic Republic.

He held important positions including Secretary General of the Islamic Republic Party and head of the Iranian judiciary. Additionally, he chaired the Council of Islamic Revolution and the Assembly of Experts. With a PhD in philosophy and fluency in English, German, and Arabic, Beheshti was a highly educated and multilingual individual.

On February 3, 1979, the founder of the Islamic Republic, Imam Khomeini, appointed Beheshti as a member of Iran’s Islamic Revolutionary Council, and he soon became the council’s first secretary.

Martyr Beheshti architect of judiciary system in Iran

On June 28, 2009, the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said that the Haft-e Tir event was significant because we lost some of the most honorable and prominent revolutionary figures in the bombing.

Martyrs such as Beheshti, who was an exceptional and unique figure of the Revolution, sacrificed their lives for the cause, Ayatollah Khamenei added.

He further noted that the Islamic Republic, particularly the judiciary, owes a great deal to the esteemed figure, Shahid Beheshti. During his short tenure in the judiciary from late 1358 to early 1360, martyr Beheshti implemented many innovations, achieved numerous advancements, and laid out long-term plans for the judiciary.

Martyr Beheshti architect of judiciary system in Iran

Late Iranian Martyr President Ebrahim Raeisi has described Martyr Beheshti as the architect of the judicial system of the Islamic Republic and stated, “Martyr Beheshti was responsible for a short period of time in the judicial system, but due to his sincere, faithful, scholarly, disciplined, state-oriented personality and the view of the organization that he had previously had made, in this short period of time, he became the source of great actions”.

The President continued, “Although Martyr Beheshti had an effective position in an important political organization, no one can claim that he deviated from the path of fairness and justice in his work. He was in no way influenced by false atmospheres. This characteristic of his was derived from the practical life of the prophets and imams, who were not affected by anything other than God’s fear and pleasure”.

Brief biography

Martyr Beheshti architect of judiciary system in Iran

Beheshti was born in Isfahan in 1928. He studied at the University of Tehran and under Muhammad Hussein Tabatabaei in Qom.

From 1965 to 1970, he led the Islamic Center in Hamburg, where he was responsible for the spiritual leadership of religious Iranian students in Germany and Western Europe.

In the early 1960s, he was involved in activities against the monarchy and was arrested several times by Shah’s secret police, the SAVAK.

Beheshti joined Ayatollah Khomeini in Najaf, Iraq, where the latter was in exile, and became part of Imam Khomeini’s underground movement.

Tragically, Beheshti and more than 70 members of the Islamic Republic Party were martyred in the Hafte Tir bombing on June 28, 1981, carried out by the People’s Mujahedin of Iran (MEK), which included four cabinet ministers and 23 members of parliament.

Following his martyrdom, Ayatollah Khomeini referred to Beheshti as a “national figure” for Iran.

Martyr Beheshti architect of judiciary system in Iran

Each year, a commemoration ceremony is organized to mark the day of Beheshti’s assassination in the country.

Ayatollah Beheshti played a crucial role in establishing Iran as an Islamic republic in 1979.

Judiciary Week in Iran was named after the martyrdom of Beheshti along with 72 colleagues who were martyred in a terrorist bomb blast in June 1981.

Reported by Amin Mohammadzadegan Khoyi

Euro 2024: Draw secures next round for Romania and Slovakia

Razvan Marin’s penalty equalized Ondrej Duda’s goal for Slovakia, allowing both teams to advance. Belgium, following a draw with Ukraine, also finished second and moved to the knockout stage.

Published Date – 27 June 2024, 10:20 AM


Euro 2024: Draw secures next round for Romania and Slovakia


Frankfurt: A goal and a point each was enough as Slovakia and Romania drew 1-1 in the UEFA EURO 2024 Group E game here, with both teams qualifying for the last 16 – Romania as group winners and Slovakia in third place on Wednesday.

A Razvan Marin penalty cancelled Ondrej Duda’s goal for Slovakia as both sides went through while Belgium, after a draw with Ukraine, finished second and also made it to the knockout stage.


All four teams in Group E finished with four points with a win, a draw and a loss each. Romania finished first with a goal difference of 1, the same as Belgium (Romania scored four goals to two by the Red Devils). Slovakia finished third as they had a better goal difference of 0 as compared to -2 of Ukraine.

Slovakia started on the front foot, pressing high up the pitch and giving the Romania backline a tough time. Juraj Kucka had the first sniff of a chance with a header and moments later Dávid Hancko’s shot flew over the bar.

Romania swiftly responded, their first effort on target coming from Andrei Rațiu’s curler, brilliantly saved by Martin Dúbravka. Francesco Calzona’s men then produced their best opportunity yet, a Duda free-kick that sailed narrowly wide. Within a minute, however, the Slovakia midfielder found the back of the net with a perfect header.

Romania’s reaction was another Rațiu strike, again blocked by Dubravka. Parity was restored soon after, though, following a penalty award to Romania for a foul on Ianis Hagi. Răzvan Marin provided the emphatic conversion.

The game continued to ebb and flow. Lukas Haraslin broke from the left but Florin Nița stopped his shot. Next, that man Marin let fly from the edge of the box, only for Dubravka to repel his attempt.

David Strelec also had his chance, Nița being well positioned to save, and Slovakia came again with a Haraslin curler that soared just wide of the target. No matter: a point apiece served to send both sides into the Round of 16, with Romania writing history by winning an EURO group for the first time and the Slovaks finishing third on the same four-point total.

Emcure Pharma to float IPO on July 3-Telangana Today

Initial share sale to conclude on July 5, bidding for anchor investors to open for a day on July 2

Published Date – 27 June 2024, 12:52 PM


Emcure Pharma to float IPO on July 3

Representational photo

New Delhi: Bain Capital-backed Emcure Pharmaceuticals is set to launch its Initial Public Offering (IPO) on July 3.

The initial share sale will conclude on July 5 and the bidding for anchor investors will open for a day on July 2, according to the Red Herring Prospectus (RHP).


The IPO comprises fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.14 crore equity shares by promoters and existing shareholders.

Those selling shares in the OFS include promoter Satish Mehta and investor BC Investments IV Ltd, an affiliate of US-based private equity major Bain Capital.

Currently, Satish Mehta holds a 41.85 per cent stake in the company and BC Investments owns a 13.07 per cent stake.

Proceeds of the fresh issue will be used towards payment of debt and for general corporate purposes.

The Pune-based firm Emcure Pharmaceuticals is engaged in developing, manufacturing, and globally marketing a broad range of pharmaceutical products across several major therapeutic areas.

Earlier this month, the company received Sebi‘s go-ahead to float the initial share sale. Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India are the book-running lead managers to the issue.

The equity shares of the company are expected to list on the BSE and NSE on July 10.