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New Delhi: German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According to the bulk deal data on the NSE, WABCO Asia Pvt Ltd , promoter and forming part of ZF Group sold a 4.3 per cent stake or 8.2 lakh shares of the company. The shares were offloaded at an average price of Rs 12,465.19 apiece, taking the transaction value to Rs 1,022.14 crore. Meanwhile, Aditya Birla Sun Life Mutual Fund acquired 1.60 lakh shares of ZF CVCS India at an average price of Rs 12,400 per piece, taking the deal value to Rs 199.24 crore. Wabco Asia's holding in ZF CVCS India has come down to 63.17 per cent from 67.49 per cent. ZF Group in a filing to stock exchanges stated that it sold a 4.32 per cent stake in the Indian arm to increase financial flexibility for its growth. The sale of shares has no effect on ZF's control of ZF CVCS India, as it is the long-term strategy of ZF to maintain its solid majority shareholding in the entity, the company said. 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The transaction will strengthen the financial flexibility of ZF, allowing it to invest in its further growth, and in the dynamically developing Indian market. ZF CVCS India is the market leader in the Indian CV supplier industry and remains a very important pillar in ZF's global growth strategy, the company added. The Friedrichshafen (Germany)-headquartered firm commenced the commercial vehicle control system business in January 2022 following the acquisition of WABCO in 2020. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )In-person shopping makes comeback amid record-spending holiday seasonHere's what Ottawa's nightlife revival council discussed at its 1st meetingmega ace88

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Baidu (BIDU) Q3 2024 Earnings Call TranscriptORCHARD PARK, N.Y. (AP) — Gratifying as it was for Sean McDermott to catch up with his family and get some rest during Buffalo’s bye week, the Bills coach on Wednesday found comfort returning to his weekly routine and familiar wardrobe — a gray T-shirt and sweatpants. “When I’m not wearing those, I go to my closet and I don’t know what to wear. I’m kind of like not myself,” he said before pulling up his hoodie for emphasis to reveal the gray shirt he had on underneath. “So I was telling some of the guys this morning, ‘It’s good to be back.’” Though there remain challenges ahead, these are upbeat times in Buffalo . The Bills (9-2) are off to their best start since 1992. They remain in contention for the AFC’s top seed by entering their break following a 30-21 win over Kansas City (10-1). And Buffalo is in position to clinch its fifth straight AFC East title as early as Sunday. To do so, the Bills would need Miami to lose to Green Bay on Thursday night, and Buffalo to win its game over San Francisco (5-6) on Sunday night. Buffalo has won six straight since back-to-back losses at Baltimore and Houston, and scored 30 or more points in each of its past five outings. Refreshed as McDermott sounded and appeared, it didn’t take long for him to revert to his game-at-a-time script when assessing what’s on the line this weekend. “We’re mostly focused on our level of play this week against a good football team,” he said. McDermott shed little light on the status of Buffalo’s lengthy list of injured players. There’s no timetable yet on Matt Milano being activated off injured reserve, even though the starting linebacker practiced fully for the first time since tearing his left biceps during a training camp practice in mid-August. Milano has actually missed nearly 14 months since sustaining a season-ending injury to his right leg in Week 5 last season. Milano revealed little during a brief interview following practice. “I feel all right. Getting back into it with the team,” said Milano, who no longer wore a red non-contact jersey in practice. Meantime, rookie receiver Keon Coleman, who has missed two games with a right wrist injury, and starting right tackle Spencer Brown, who missed one game with an ankle injury, were limited in practice. Tight end Dalton Kincaid (knee) was Buffalo's only player not practicing. The Bills also opened the three-week window for backup rookie defensive tackle DeWayne Carter (wrist) and backup offensive lineman Tylan Grable (groin) to return. McDermott has another positive going for him revolving around the bye week. The Bills are 8-0 coming out of their break since McDermott took over as coach in 2017. “I don’t really have the, hey, this is exactly what we do formula,” McDermott said on whether he’s changed his bye week approach. “It’s more of us really just getting back to what we do, getting back to basics.” AP NFL: https://apnews.com/hub/nfl

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The Mohajir Culture Day was celebrated in Karachi and Hyderabad on Tuesday. The Muttahida Qaumi Movement-Pakistan (MQM-P) had announced plans to celebrate 'Mouhajir Culture Day' on Dec 24 in an effort to honour the cultural heritage and contributions of the Mohajir community. Urdu speaking youth in traditional kurta pajama took out rallies, while the central event took place at Governor House. Addressing the gathering, Sindh Governor Kamran Tessori remarked that, for the first time, Mohajir Culture Day was being celebrated at state level. He said, "Our elders made great sacrifices, leaving behind their homes to migrate to the new country Pakistan." To this day, he said, this community continues to contribute to Pakistan through its sacrifices. "We ask every political party to work together on a single agenda - stabilise Pakistan economically and ensure it stands on its own feet." Governor Tessori emphasised, "The foundation of this movement is built on its martyrs and the missing persons. Our lives and efforts are devoted to Pakistan." MQM-P Chairman Dr Khalid Maqbool Siddiqui said "for years, cultural days of Sindhi, Baloch, and other communities have been celebrated at the Governor House. Today, we are celebrating Mohajir Culture Day, which in fact is Pakistan's Culture Day." He said that the Mohajir people are the bearers of the national language and the custodians of the heritage of Pakistan movement. If anyone dares to cast an evil eye on it, they will be dealt with. Let me warn people living in this city along the sea, respect the limits." Siddiqui further declared, "Mohajirs are the true heirs of this nation. We do not need a certificate of loyalty. Our culture is our strength, and we will make it Pakistan's strength. Those who tried to obstruct migrants' progress have now given up." Senior leader Dr Farooq Sattar remarked, "for the first time, Mohajir Culture Day is being celebrated in a state institution. Over 70 years past the formation of Pakistan, the migrants continue to face the issue of identity. Why is it necessary to inquire about their parents' domiciles in addition to their own?" MQM-P leader Anees Qaimkhani shared, "my forefathers came to Pakistan, sacrificing the lives of two million people. They came here at the request of Quaid-i-Azam Muhammad Ali Jinnah. I came here to become Pakistani and live in Pakistan. While others take pride in being Punjabi, Sindhi, Pashtun, or Baloch, my elders taught me to take the greatest pride in being Pakistani. Pakistan runs in my blood." MQM leader Haider Abbas Rizvi said, "There is much to say, but today I thank Allah for the fact that, in prominent state institutions across Pakistan, the slogan of 'Mohajir' is being chanted. As long as migrants are alive, they will give their lives to protect Pakistan." The event concluded with a spectacular display of fireworks, and artists also showcased their talents, adding to the festivities. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see ourMcDermott, AFC East-leading Bills refreshed coming out of bye week, and looking ahead to host 49ers

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