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Showing posts from April, 2022

Prince of Jordan hugs his sister Princess Haya in a secret London location as she battles

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  The estranged sixth wife of Sheik Mohammed al-Maktoum is being supported in her secret London hideaway by her Jordanian prince brother, it was revealed today. Princess Haya Bint Al Hussein, 45, is battling Dubai’s billionaire ruler in the High Court to secure a forced marriage protection order for their two children – and stop them leaving Britain. And today she was supported by her younger brother Prince Ali bin Hussein, 43, who hugged her as she wore a fleece with the Jordanian flag on her sleeve in a picture he shared on Twitter from her bolthole. Princess Haya claims to have fled Dubai with her two children to hide in the UK ‘in fear of her life’ after becoming estranged from Sheik Mohammed. Haya and Prince Ali are the children of King Hussein, who was succeeded on the throne in Amman by Abdullah II in 1999. King Abdullah has visited Sheik Mohammed’s UAE twice in the past month – including one Abu Dhabi trip on the eve of the first hearing – in what diplomatic sources said were a

Special situations in financial services is a fast-growing investor class whose mandate is potentially transformational - Shyam Maheshwari

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  Shyam Maheshwari SSG Capital Shyam Maheshwari was the former Chief Executive Officer, Founder and Partner of SSG Capital Management, and is primarily responsible for SSG’s investment activities in India. He has 17 years of experience in the deal sourcing, analysis and investing industry. India’s IBC has now been suspended for new referrals for one year. Shyam Maheshwari feels that until the IBC resumes, stressed and distressed companies will either continue to go along, being impotent to change or they may revert to the pre-IBC status: compromising and arranging under the Companies Act with the bias on lenders to determine debt restructuring. Shyam Maheshwari was the former Chief Executive Officer, Founder and Partner of SSG Capital Management, and is primarily responsible for SSG’s investment activities in India. He has 17 years of experience in the deal sourcing, analysis and investing industry. ‘Special situations’ conjures up something vaguely mysterious, in the vast array of fi

Inquiries start into disappearance of Japan tourist boat, with at least 11 dead

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  TOKYO, April 25 (Reuters) - Inquiries began into what caused the disappearance of a Japanese tour boat off the nation's northern coast as search efforts intensified on Monday to find the boat and its missing passengers, with the confirmed death toll rising to 11. So far nothing has been found of the ship, the "Kazu I," which left harbour on Saturday on one of the sightseeing trips for which the northern Shiretoko peninsula is famous carrying 24 passengers, including 2 children, and two crew members. Only a few orange orange flotation devices bearing its name have been discovered adrift by a rocky area along the rugged coastline. One child is among the dead. Searching resumed on Monday using aircraft and patrol boats, with media saying local fishing boats from the port of Utoro had also been mobilised. Searchers also walked steep cliffs along the shoreline. The Transport Ministry sent officials to the site on Sunday to coordinate operations, and Transport Minister Tetsuo

Twitter Board Mulls Over Elon Musk’s $46.5 Billion Purchase Offer in Sunday Meeting

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  Elon Musk’s attempt to buy Twitter is not dead in the water. In fact, the social networking service’s board met Sunday morning to weigh the option to accept his unsolicited $46.5 billion offer, according to The New York Times sources. Financing of Musk’s bid of $54.20 a share, the sources said, was “a turning point” that enabled the 11 board members to “seriously consider his offer.” The NY Times sources, who asked to remain anonymous, said the board planned to meet with Musk later in the day to discuss “other contours around a potential deal,” which included a timeline to close a deal and fees that would be paid “if an agreement was signed and then fell apart.” It is unclear at the moment if that meeting took place. The Tesla and SpaceX founder announced Thursday that he was putting together $46.5 billion in funds to buy Twitter, and was considering a tender offer to shareholders if the board rejected his offer. It is also $3.5 billion more than the $43 billion of his publicized off

Ukraine blames Russia after Mariupol humanitarian corridor fails on Sunday

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  April 24 (Reuters) – No humanitarian routes were established out of the southeastern Ukrainian port city of Mariupol on Sunday, Ukraine’s Deputy Prime Minister Iryna Vereshchuk said, blaming Russian forces for not holding their fire. Vereshchuk said that the Ukrainian side would try again on Monday to establish safe passage out of Mariupol. She called for U.N. Secretary General Antonio Guterres, who is scheduled to travel to Moscow before visiting Kyiv next week, to demand a ceasefire and open up humanitarian corridors from Mariupol. “This is what Guterres should talk about in Moscow, if he is preparing to talk about peace,” Vereshchuk said.

Ukraine’s Zelenskiy, Turkey’s Erdogan discuss Mariupol

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  KYIV, April 24 (Reuters) – Ukraine’s President Volodymyr Zelenskiy said on Sunday that he had talked with his Turkish counterpart Recep Tayyip Erdogan on the eve of the Turkish president’s talks with Russia’s President Vladimir Putin. Zelenskiy said he and Erdogan discussed the need for the immediate evacuation of civilians from the mostly Russian-occupied port city of Mariupol, including the surrounded but Ukrainian-held Azovstal factory, and the exchange of Ukrainian troops holed up at the plant.

Nebraska Wildfires Leave One Dead and Three Firefighters Injured

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  One person was killed and three firefighters were injured as wildfires that began Friday, fueled by high winds and dry grass, burned throughout western and central Nebraska, the authorities said on Saturday. Wildfires have been reported in at least 12 of the state’s counties since Friday. On Saturday, firefighters were battling them in Perkins, Hayes, Furnas, Red Willow and Frontier counties, according to the Nebraska Emergency Management Agency. The agency did not immediately release details about the person who died. A spokeswoman said the injuries to the firefighters were not believed to be life-threatening. A strong storm system that had been developing over the Dakotas since Friday brought “very strong winds” to Nebraska, and the same system drew dry air from the high plains of Colorado and New Mexico, Corey Mead, a forecaster with the National Weather Service, said late Saturday. To Know more: https://www.nytimes.com/2022/04/23/us/nebraska-wildfire-death.html?smtyp=cur&smid

‘It’s Life or Death’: The Mental Health Crisis Among U.S. Teens

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  Depression, self-harm and suicide are rising among American adolescents. For M, a 13-year-old in Minnesota, the despair was almost too much to take. One evening last April, an anxious and free-spirited 13-year-old girl in suburban Minneapolis sprang furious from a chair in the living room and ran from the house — out a sliding door, across the patio, through the backyard and into the woods. Moments earlier, the girl’s mother, Linda, had stolen a look at her daughter’s smartphone. The teenager, incensed by the intrusion, had grabbed the phone and fled. (The adolescent is being identified by an initial, M, and the parents by first name only, to protect the family’s privacy.) Linda was alarmed by photos she had seen on the phone. Some showed blood on M’s ankles from intentional self-harm. Others were close-ups of M’s romantic obsession, the anime character Genocide Jack — a brunette girl with a long red tongue who, in a video series, kills high school classmates with scissors. In the pr

Locals Gheraoed Gumra Police Demanding Release Of 8 Accused Arrested In Connection With Coal Scam; Police Resort To Lathi Charge

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  The Enforcement Directorate (ED) arrested West Bengal police officer Ashok Mishra in connection with the coal pilferage case, officials said on Sunday. Mishra, the inspector-in-charge of the Bankura police station, was arrested on Saturday night from Delhi, they said. He is alleged to have links with Anup Majhi, alias Lala, who is considered to be the kingpin of the scam, sources said. This is the second arrest in the case, the probe for which began in November last year.

Bengal Coal Scam: TMC MP Abhishek Banerjee Skips Appearance Before ED in Money Laundering Case

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  New Delhi: Trinamool Congress MP Abhishek Banerjee on Tuesday, March 29 skipped his scheduled appearance before the Enforcement Directorate (ED) in Delhi for a fresh round of questioning in a money laundering case linked to an alleged coal scam in West Bengal, sources said. Banerjee’s wife Rujira too had failed to appear at the ED office here on March 22 and she has now been asked to depose on Wednesday. Her sister Menaka Gambhir, examined by the CBI in this case last year, is also expected to be questioned in the coming days. Banerjee, the 34-year-old nephew of West Bengal chief minister Mamata Banerjee, is said to have sent an email to the investigating officer of the case citing some personal reasons for his non-appearance.

Court convicts private company, its directors in coal scam case

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  A special court on Thursday convicted Adhunik Corporation Ltd and its two directors of cheating, forgery and criminal conspiracy in a case related to the alleged irregularities in the allocation of Patrapara coal block in Odisha to the firm. Special Judge Arun Bhardwaj held the company and its directors -- Nirmal Kumar Agarwal and Mahesh Kumar Agarwal -- guilty, holding that they entered into a criminal conspiracy (under Section 120-B of IPC) to cheat Ministry of Coal for allocation of coal block in their favour. “The circumstantial evidence in this case unerringly points to the conspiracy amongst the accused and there is no other inference except the inference of criminal conspiracy to secure allocation of a coal block by cheating Ministry of Steel, Screening Committee and Ministry of Coal, Government of India,” the judge said. The judge also convicted the accused of cheating (Section 420 of IPC) Ministry of Steel, Screening Committee and Ministry of Coal for allocation of coal bloc

Anatomy of Gujarat’s ‘Rs 6,000-cr coal scam’: UPA-era MSME subsidy that beneficiaries ‘never got’

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  Ahmedabad:  As an MSME, Ahmedabad-based Modern Rubber Industries was eligible for cheap coal — at much below the market rates — under a central government scheme meant to boost this segment of industry. The company did approach an agency appointed by the Gujarat government to implement the scheme, but claimed to have received   coal at the market price. Anmol Traders, an MSME brick kiln, had a different experience.  The Gandhinagar-based company said it purchased coal from a trader associated with another agency engaged for the scheme, in 2015, but was offered prices higher than the market rates. Meanwhile, even though A&F Foods is listed as a beneficiary of the scheme (2017-18), it told ThePrint it had never dealt with any of the coal agencies tasked with implementing the scheme.  To Know more:  https://theprint.in/india/anatomy-of-gujarats-rs-6000-cr-coal-scam-upa-era-msme-subsidy-that-beneficiaries-never-got/870007/

Coal scam: ED attaches Rs 32 crore worth assets of MP-based firm

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  NEW DELHI: The Enforcement Directorate (ED) has attached assets worth over Rs 32 crore of a Madhya Pradesh-based firm in connection with its probe in the coal blocks allocation scam. The central probe agency issued a provisional order, under relevant sections of the Prevention of Money Laundering Act (PMLA), attaching bank balances and immovable assets like land, machinery and power plant of the company — Ms Kamal Sponge and Steel Power Limited (KSSPL)- located in Sagma village of the Satna district of the state. The firm, along with another company Ms Rewti Cements Private Limited, was allocated the Thesgora-B/Rudrapuri coal block in Madhya Pradesh in November 2008 by the coal ministry. “The KSSPL while submitting application of allotment of coal block had mis-represented their net worth and production capacity in order to embellish its claim for the purpose of favorable recommendation for allocation of coal block,” the ED said in a statement. It said the Supreme Court in its judgem