Business
Dad-of-three turns to Worcester food bank after job loss
BBCA single dad-of-three said he was forced to move in with his parents and rely on a food bank when “things just went downhill quick” after losing his job.
Luke Harborne worked as a roofer up until December but admitted he did not know what he would do if he had no access to Worcester’s food bank.
“I don’t know what would happen, I really don’t,” the 30-year-old said.
“The people here are absolutely brilliant, they’re such lovely people and all of them have a heart of gold to do what they do.”
Mr Harborne had been in shared accommodation in Kingstanding, Birmingham, but when he became unemployed, he fell behind with his rent payments and lived on the streets before his parents in Worcester took him in.
“My mum and dad agreed to let me live back there but I’m just struggling at the minute,” he said.
“It’s very, very tough [providing for three children]. It’s hard to survive off benefits, it really is.”
Mr Harborne said he was even struggling while he was employed.
“I managed to cope with the wages I had coming in but all my money was going on rent and bills,” he said.
“The rest went on food but that didn’t last me until my next payday.
“I need to get myself back in employment and I am actively looking but it’s tough because I have to work around child arrangements so it’s hard to commit to a full-time job.
“You need a really good job, that pays really well just to get a one-bedroom flat. But I will get there. It’s just hard to survive.”
At the food bank, Grahame Lucas said he worked to “turn frowns upside down”.
“It’s a bit corny, I know, but people come here perhaps not feeling the most positive but they walk away with a smile on their face,” he added.
Mr Lucas has been manager of Worcester Foodbank since 2014 and said in that time the charity has “grown out of all recognition”.
“We started out feeding about 3,000 people a year and prior to Covid up to about 9,000 people and now we’re up to 18,000 people,” he said.
“We’re now braced for the autumn rush, when people start getting their energy bills on the doormat. This is by far the busiest period.”
Mr Lucas and his team provide about 250,000 meals annually, at a cost of £500,000.
The service also provides “cooking parcels”, which include herbs and spices, as well as a toiletries hamper too.
“Clients have said to us that we’re lifesavers and without us people have admitted they would be forced to shoplift just to survive,” Mr Lucas said.
Mr Lucas said the charity had served “all age groups” which “goes right through to people who are retired”.
“That group is much less because, what we find, the state pension system works well – whereas the benefits system is still deficient,” he said.
“I think the system is broken.”
The food bank manager said he sympathised with government and described changing the system as an “oil tanker moment” that would be a “long-term project”.
Susan Campbell, deputy warehouse manager at Worcester Foodbank, is responsible for greeting clients.
“The stories are really sad and you want to do more than just give them food,” she said.
“You hear all sorts and you just try to make them feel better about the whole thing.”
She added the numbers coming to them have “got much, much worse” and they were seeing more and more families.
“People tend to assume we’re serving the homeless but it’s just not true,” Ms Campbell said.
“Lots of people that come here are working and they just can’t afford to live.”
A Department for Work and Pensions spokesperson told the BBC it was “determined to tackle the unacceptable rise in food bank dependence”.
They added: “Our child poverty taskforce will publish an ambitious strategy later this year.
“We are also overhauling job centres and reforming the broken welfare system to support people into good, secure jobs, while always protecting those who need it most.”
The Indian government has proposed the Income-tax Rules 2026, making PAN cards mandatory for select high-value transactions. Replacing the 1962 rules, these changes aim to simplify and bring transparency to the tax system. After considering suggestions, the rules are expected to be finalized and implemented by April 1, 2026.
Here’s a detailed look about how PAN cards are used in various financial transactions.
Immovable Property Transactions: PAN will be required for property transactions exceeding Rs 20 lakh, which is up from Rs 10 lakh. It will include purchase, sale, gift, or joint development agreements.
Motor Vehicles Purchase: PAN is now required for motor vehicle purchases exceeding Rs 5 lakh, including two-wheelers that have been exempted so far. Additionally, those who buy premium bikes or expensive cars will need to quote PAN. Meanwhile, tractors are still excluded.
Cash Deposits And Withdrawals: PAN will be required for aggregate cash deposits or withdrawals exceeding Rs 10 lakh in a financial year. As per the existing rules, it is required for cash deposits of more than Rs 50,000 in a day at a bank or post office.
Hotel And Restaurant Payments: It will be required for cash payments exceeding Rs 1 lakh, which is up from Rs 50,000.
Insurances: PAN will be required to initiate account-based relationship with insurance companies, irrespective of the premium account.
Business
Himadri Speciality Starts Commercial Operations Of 70,000 TPA Carbon Black Line; Details Here
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With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA.
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
Himadri Speciality Chemical Ltd has commenced commercial operations of its newly commissioned 70,000 tonnes per annum (TPA) speciality carbon black line at its Mahistikry manufacturing facility in Hooghly, West Bengal, the company said on Tuesday (February 24).
With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA. Of this, 1,30,000 TPA comprises speciality carbon black capacity at the Mahistikry site, making it the world’s largest single-location speciality carbon black manufacturing facility.
The expansion bolsters Himadri’s speciality portfolio and strengthens its ability to cater to high-value, performance-driven applications across plastics, inks, paints, coatings and other niche segments.
According to the company, the project integrates advanced process technologies, modern quality control systems, energy-efficient operations and scalable infrastructure to ensure consistent production of premium grades for global customers.
Anurag Choudhary, CMD and CEO, Himadri Speciality Chemical Ltd, said, “The commencement of commercial operations of our 70,000 MTPA (metric tonnes per annum) speciality carbon black line at Mahistikry marks the beginning of the next phase of growth in our advanced carbon materials journey. With this expansion, Mahistikry becomes the world’s largest single-location Speciality Carbon Black facility, with a capacity of 1,30,000 MTPA. This positions us strongly to capture rising global demand in premium, application-specific segments such as plastics, inks, paints, coatings, and other specialised industries.”
He added, “The newly-commissioned capacity is expected to contribute meaningfully to revenue growth and strengthen the Company’s margin profile over the medium term. As global demand continues to shift toward high-performance, customised carbon solutions, Himadri’s enhanced scale provides competitive advantages through operational efficiencies, supply reliability, faster market responsiveness, and improved product innovation capabilities.”
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
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Check JEE Mains Result 2026 Link Here
February 25, 2026, 11:25 IST
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Angel One sets Feb 26 as record date for 1:10 stock split. Shareholders will get 10 shares for each held.
Angel One Stock Split 2026
Angel One Stock Split Record Date: Domestic brokerage firm Angel One has fixed February 26 as the record date for its previously approved 1:10 stock split, moving ahead with a proposal cleared by its Board last month.
The company had earlier informed stock exchanges on Jan. 15 that its Board of Directors approved the sub-division of equity shares in a 1:10 ratio.
Board Approval For Share Sub-Division
Under the approved proposal, each fully paid-up equity share with a face value of Rs 10 will be split into 10 fully paid-up equity shares with a face value of Re 1 each.
In its Jan. 15 stock exchange filing, the company stated that the Board had approved the sub-division of one existing equity share of face value Rs 10, fully paid-up, into 10 equity shares of face value Re 1 each, fully paid-up. The move is aimed at increasing the number of outstanding shares and improving liquidity in the counter.
Stock splits typically make shares more affordable for retail investors by reducing the market price per share, although the overall market capitalization of the company remains unchanged.
Feb 26 Fixed As Record Date
In a subsequent filing dated Feb. 18, Angel One confirmed that its executive committee has fixed Thursday, Feb. 26, as the record date to determine eligible shareholders for the stock split.
The record date serves as the cut-off to identify shareholders who will be entitled to receive the additional shares. Investors holding the stock on or before Feb. 26 will qualify for the sub-division benefit.
What The Stock Split Means For Investors
Shareholders will receive 10 equity shares for every one share currently held. While the face value per share will reduce from Rs 10 to Re 1, the total value of an investor’s holdings will remain unchanged, as the split does not alter ownership percentage or overall wealth.
Angel One Q3 FY26: Profit Dips Amid Higher Costs
For the quarter ended Dec. 31, 2025, Angel One reported a 4.5% year-on-year decline in consolidated profit after tax to Rs 269 crore, compared with Rs 281.5 crore in the same quarter last year.
However, total income rose 5.8% to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25. Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, primarily due to higher employee benefit costs, elevated ESOP expenses, and increased operating expenditure.
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Check JEE Mains Result 2026 Link Here
February 25, 2026, 07:20 IST
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Income Tax Draft Rules 2026: Key Changes On How And When Pan Card Will Be Required?
Trump clears DPA funds for US textile sector, NCTO welcomes move
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