Odisha Chief Minister Naveen Patnaik has demanded introduction of a direct flight and two new daily trains between Odisha and Surat for the over 7 lakh Odias who live and work there. In a letter to Civil Aviation Minister Suresh Prabhu, Mr. Patnaik said Odia people face hardship as there was no direct air connectivity between Bhubaneswar and Surat. In a separate letter to Railway Minister Piyush Goyal, Mr. Patnaik urged him to introduce two new daily trains between Berhampur city and Surat.
In February, the $174 billion Canadian Pension Plan Investment Board (CPPIB) announced that it was getting into a strategic alliance with India’s Piramal Enterprises to invest in residential projects across the country. The two partners will make an initial contribution of $250 million each. “India is a key long-term growth market for us,” says CPPIB spokesperson Linda Sims. “We will continue to pursue investment opportunities in the country, although there is no set allocation or timeline involved.”CPPIB is part of the newest wave of international private equity (PE) players that have come to India over the years. “India is a key long-term growth market for us,” says company spokesperson Linda Sims. “We will continue to pursue investment opportunities in the country, although there is no set allocation or timeline involved.”Back in 2006, at the height of the Indian investment boom, there were about 350 PE firms in the country. The numbers are estimates because the Securities and Exchange Board of India (SEBI) did not regulate the sector until 2012. According to the latest SEBI figures, there were 77 Alternative Investment Funds (under which PE and hedge funds are classified) and 180 venture capital funds registered with it as of September 30.Venture Intelligence, a leading provider of data on private company financials, transactions and valuations, puts the number higher. “In our estimate, the number of serious PE-type investors — roughly defined as those that, on average, make more than one investment during a year or have a representative on the ground in the country – is closer to 250,” says managing director Arun Natarajan. Typically, funds that plan to raise money domestically tend to register with SEBI as a venture capital (VC) fund. A lot of others take the FII (foreign institutional investor) route or the FDI (foreign direct investment) route through Mauritius or Singapore.The 250 figure itself may look like a substantial decline, and the truth is probably worse. Many PE players are waiting desperately for an exit opportunity. New York-based Blackstone invested in the listed Financial Technologies at Rs. 680 (around $10) a share in August 2012. It reached Rs. 140 and has gone up only now after Blackstone has increased its stake. Other problem investments include Monnet Ispat (down 85%) and Gokuldas Exports (down 82%). Warburg Pincus backed Punj Lloyd at Rs. 275 a share in August 2007. It is now less than Rs. 30. There have been just a couple of successful exits.The decline in the rupee is taking a further toll. According to one estimate, PE firms will have to book losses of up to $6 billion on this count alone.No Exit“The biggest challenge for private equity in India remains the question of exits — especially with such a large overhang of portfolio companies from the 2006-2008 period that are overdue for exits,” says Natarajan. “While the buoyant stock market, strong Inbound M&A interest and secondary transactions between PE firms have provided some good exits in recent months, the fact that the IPO market has not opened up for any sustained period is a key matter of concern.”According to Wharton professor of operations and information management Kartik Hosanagar, “There have been several good PE investments in tech companies in India in the past five years. The challenge for the industry was the lack of exits. This in turn was because there are few acquirers in India — unlike in the U.S., where old dotcom successes like Google and Yahoo are big acquirers — and IPOs are harder for tech companies. So, the recent exits were much needed for the VC/PE industry. Many more are needed for the industry to bounce back nicely.”The recent exits Hosanagar mentions were crowned by the January takeover of the Bangalore-based Little Eye Labs by the social media giant Facebook. The deal amount was not disclosed, although analysts estimate that it was probably less than $20 million. This was Facebook’s first takeover in India, and it was followed by speculation that the social networking giant was looking for other deals in the country, which sent tech valuations higher.The Network EffectThere have been other headline-hitting acquisitions. When Pearson, which owns the Financial Times, snapped up online tutoring company TutorVista in 2009, it was one swallow in an arid summer. The deal was consummated in 2013, with the acquisition of the last 20% at an equity valuation of $213 million. This gave an opportunity to Sequoia Capital and Lightspeed – both investors in TutorVista — to make an exit. “The TutorVista deal, because of the publicity it attracted, opened the doors for lucrative exits in India,” says K. Ganesh, who is co-promoter of TutorVista along with his wife, Meena Ganesh. “However, they dwindled to a trickle. It is only recently that high-valuation exits have started again.”Last year, India’s largest online travel company, ibiboGroup, a joint venture between Naspers of South Africa and Tencent of China, bought bus ticketing company redBus for an estimated $100 million. The early investors were Seedfund, Inventus Capital Partners and Helion Venture Partners. Inventus, for one, got a return of more than 10 times its investment.“For exits to happen, the buy-side local ecosystem needs to have scaled assets,” says Ashish Kashyap, group CEO of ibiboGroup, noting that he is talking specifically about the consumer Internet segment. “In the past, there were very few of these scaled assets in the Internet space. However, now we have emerging platforms such as ibiboGroup, Flipkart, the Naukri group and Justdial that are potential acquirers. As these buy-side assets increase in size, volume and scale, it drives more local innovations and startup activity. Think of this as a network effect between developers of assets and acquirers of these assets. I think this network effect is beginning to take off.”In addition to the investment in redBus by his own company, Kashyap cites strategic investments by the Naukri group in Zomato and eBay in Snapdeal as “excellent indications of the network effect.”Other numbers indicate that a somnolent sector is giving way to action. “Q4 (October through December 2013) proved to be an active quarter for PE investment with total flows exceeding $2 billion, the first time since post-Q4 2007,” notes a report by PricewaterhouseCoopers (PwC). There were 76 deals involving PE investment of $2.12 billion. In deal value, there has been a 67% jump over the same quarter of 2012. The action was mainly in IT, IT-enabled services and health care.From the industry’s point of view, those fourth-quarter results helped to shore-up a down year. “PE firms invested $7.5 billion (over 384 deals) in India during the 12 months ending December 2013,” notes Venture Intelligence. “The 2013 PE investment numbers, down 18.5% compared to the $9.2 billion (across 484 deals) invested in 2012, represent the lowest levels witnessed in the last four years in both value and volume terms.”Yet there is a flurry of activity. The biggest deals last year were KKR’s $460 million investment in Alliance Tire Group, the Barings Asia $443 million buyout of publicly listed Hexaware Technologies and the $420 million purchase of GlobalLogic by Apax Partners.Mixed MultiplesIn the Alliance deal, Warburg Pincus got an exit at more than four times its investment; in Hexaware, it was General Atlantic recouping two times its investment. And GlobalLogic gave its PE investors — New Enterprise Associates, Sequoia Capital, Westbridge Capital, Goldman Sachs and New Atlantic Ventures – a five-times plus return.In the past, there were better deals. In May 2009, ChrysCapital exited Shriram Transport Finance with a nine-times-investment return; TutorVista gave Sequoia Capital a six-times-plus return; and redBus delivered 14-times returns to Seedfund.One big success is Justdial, a local search engine. It gave Saif Partners a 12-times-investment multiple. It is also one of the few recent IPOs. The May 2013 issue was at Rs. 530 per share. It ended the first day at Rs. 590 and is now around Rs. 1,600.There is a rush today for the real estate space, where Canada Pensions is a key player. Kotak, in the financial sector, is targeting a $200 million real estate fund.In the current calendar year, the ASK Group has raised $50 million (the first tranche of $200 million) and Indiareit $160 million. Brick Eagle (which focuses on affordable housing) is targeting $100 million, Indian Property Advisors $250 million and Milestone Capital around $100 million. Waiting in the wings, Qatar Investment Authority also is reportedly eyeing the real estate sector. Global real estate consultancy Cushman & Wakefield reports PE investment in real estate in 2013 at $1.1 billion, up 13% over 2012.Why the flurry of new funds? First, there is a sense that the economic growth rate of below 5% in 2013-2014 is probably the low point. Second, it’s hoped that the April-May elections will deliver fresh government policies that could stimulate the economy. Third, inflation is at a nine-month low, which gives the Reserve Bank of India (RBI) the leeway to cut interest rates, which would likely kick-start investment. Acknowledging all this, the Bombay Stock Exchange Sensitive Index is at its all-time high.“India is a pretty good bet,” notes the Global Private Equity Report 2013-2014 by Grant Thornton, an accounting and advisory organization. “The U.S. will also stay solid. Europe is difficult, as is China, which has gone through a cycle. Brazil was interesting, but has cooled off a bit as its own growth has trailed off.”How big will the exit problem be? “PE Exits in India have had two distinct phases in the past decade,” points out Sridhar Venkiteswaran, executive director of Avalon Consulting, an international management consulting firm. An Avalon report noted that the first was the India Shining Phase from 2004 to 2009. It saw faster exits (mostly less than three years), higher returns (30% to 60% internal rate of return, or IRR) and exits mainly through primary market sale or IPOs. The second phase – 2010 to 2013 – was the Melting Pot. It witnessed slower exits (mostly greater than four years) and lower returns (IRR less than 15%), and exits mainly through secondary sales and buybacks.The Looming Logjam“In 2014, India has entered what we call the Looming Logjam phase, in which we are opening with about Rs. 85,000 crore ($14 billion) of six-plus years invested capital that is waiting to exit,” says Venkiteswaran. “This is nearly equal to the cumulative value of exits over the past 10 years, and five times the total quantum exited in any year in the recent past. If you include four-plus year invested capital, this figure jumps to Rs. 125,000 crore ($20 billion). So if you think exiting was a problem in the past, you haven’t seen what is coming.”Without action by a new government, “a large part of this capital will seek secondary exits or buybacks and will be at a significant [discount]. The price is being paid for the euphoria of investments in 2006 and 2007.”Still, the PE market is maturing, according an EY report titled, “Asia-Pacific Private Equity Outlook 2014.” “Private equity is still developing a strategy for operating in India, but foreign and domestic firms are becoming more disciplined and sophisticated in terms of investing,” the report notes. “Many oversights, such as lack of adequate due diligence, are becoming things of the past.” Related Items
Mercedes driver Lewis Hamilton of Britain steers his car during the Italian Formula One Grand Prix, at the Monza racetrack, Italy, Sunday, Sept. 3, 2017. (Photo by LUCA BRUNO / AP)MONZA, Italy — Lewis Hamilton won the Italian Grand Prix virtually unchallenged from pole position Sunday and moved ahead of Sebastian Vettel to take the lead in the drivers’ standings.Hamilton finished nearly five seconds ahead of Mercedes teammate Valtteri Bottas while Vettel came third in his Ferrari, more than half a minute behind.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. LATEST STORIES NATO’s aging eye in the sky to get a last overhaul Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games View comments San Beda downs TIP in 4 sets Celebrity chef Gary Rhodes dies at 59 with wife by his side Hotel says PH coach apologized for ‘kikiam for breakfast’ claim MOST READ Celebrity chef Gary Rhodes dies at 59 with wife by his side Trump signs bills in support of Hong Kong protesters Hamilton now has 238 points, three more than Vettel with seven races remaining in what has developed into a riveting Formula One season.Vettel had led the standings all season but Ferrari struggled in rainy qualifying conditions Saturday and couldn’t match Mercedes’ race pace, either, on a Monza circuit featuring long straights and high speeds better suited to Mercedes’ power.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingFly-away races make up the rest of the F1 calendar, starting with the Singapore GP in two weeks. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Lacson: SEA Games fund put in foundation like ‘Napoles case’
Karim Benzema ensured Real Madrid kept the pressure on the Spanish league’s front-runners by scoring one goal and assisting on two more as bottom-side Getafe was defeated 5-1 on Saturday.Madrid, who this week advanced to a Champions League semifinal against Manchester City, provisionally passed Atletico Madrid into second place and moved to within one point of struggling leaders Barcelona.Benzema scored Madrid’s first goal before setting up Francisco “Isco” Alarcon and Gareth Bale to put the result beyond doubt early in the second half.After James Rodriguez made it 4-1, Cristiano Ronaldo rounded off Madrid’s seventh consecutive league victory in stoppage time with his tournament-leading 31st goal.”We are doing our job and are getting closer and closer,” said Madrid coach Zinedine Zidane, whose team trailed Barcelona by 12 points just four rounds ago. “We are going to bed one point behind, but we can’t look beyond that.”Barcelona will try to end a three-round winless run against Valencia on Sunday, when Atletico will host Granada. Diego Simeone’s side, which eliminated Barcelona from the Champions League quarterfinals this week to advance to a tie with Bayern Munich, trails Barcelona by three points. After this weekend there will be five rounds left.”We have always said that we will never give up,” Madrid goalkeeper Keylor Navas said. “We have to win our remaining matches and then see what happens.”Also, Celta Vigo needed a late goal from Pablo Hernandez to draw 1-1 with visitor Real Betis, which went ahead through Alfred N’Diaye. The result left Celta’s control of fifth place at risk, with Athletic Bilbao two points behind before visiting Malaga on Sunday.advertisementEibar fought back with goals from Sergi Enrich and Gonzalo Escalante for a 2-1 win at home over Real Sociedad. Eibar’s players celebrated their first win in nine rounds that will likely guarantee the modest Basque club avoids the relegation battle.Sporting Gijon, meanwhile, continued in the drop zone, one point above Levante and Getafe, after drawing at Las Palmas 1-1.Getafe remained winless for a 13th successive match in the debut of coach Juan Esnaider, a former Madrid player who replaced the fired Fran Escriba on Tuesday.”We tried,” said Esnaider, praising his players’ attitude.Despite Getafe’s best effort, Madrid outclassed its crosstown rival.Ronaldo, who hit a hat trick on Tuesday to lead Madrid’s comeback over Wolfsburg in the Champions League, struck the post early, and waves of attacks inevitably led to Benzema’s breakthrough when he used his right foot to sweep in Rodriguez’s cross.The opener was Benzema’s 22nd league goal this campaign, setting a personal record in his seventh season at the Spanish club.Benzema worked a one-two passing combination to help Isco make it 2-0 before halftime, and his pass let Bale romp forward before beating goalkeeper Vicente Guaita in the 50th.Pablo Sarabia got Getafe’s consolation goal with six minutes left before Rodriguez and Ronaldo struck.
Don’t miss out on the latest news and information. This jewelry designer is also an architect For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—National University lost yet another game in the UAAP Season 82 men’s basketball tournament when it fell to De La Salle, 85-61, but that result was somewhat buried in a late game altercation between Jamike Jarin and Jermaine Byrd.Jarin found it disrespectful when Byrd, the Green Archers’ active consultant, called a timeout with 1:24 left in the game and La Salle holding an insurmountable 83-60 lead.ADVERTISEMENT After world gold, Venezuela’s Rojas eyes world record Canadian vaping study details danger from ‘popcorn lung’ chemical Duterte calls himself, Go, Cayetano ‘the brightest stars’ in PH politics LATEST STORIES Chief Justice Peralta on upcoming UAAP game: UP has no match against UST PLAY LIST 01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST00:50Trending Articles04:26Deaf personalities everyone should know02:11Makabayan bloc defends protesting workers, tells Año to ‘shut up’03:07PH billiards team upbeat about gold medal chances in SEA Games01:38‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon02:07Aquino to Filipinos: Stand up vs abuses before you suffer De Lima’s ordeal01:28Ex-President Noynoy Aquino admits contracting pneumonia00:45Aquino agrees with Drilon on SEA games ‘kaldero’ spending issue MOST READ Ethel Booba on SEA Games cauldron: ‘Sulit kung corrupt ang panggatong’ Looking at the broader situation of his team, Jarin said that with time running out, the only thing NU could do is to keep on fighting.Mathematically, NU still has a chance to make the Final Four but it would need to win their remaining six games and also rely on the other teams to lose as well.“You just continue to push and continue to compete,” said Jarin. “You hope for the best.”ADVERTISEMENT Matteo Guidicelli had saved up for Sarah G’s ring since 2014? Drilon apologizes to BCDA’s Dizon over false claim on designer of P50-M ‘kaldero’ Read Next Becoming his own man DTI creates Marahuyo, a luxe Filipino fashion brand for global buyers Byrd defended his timeout call saying that he only used the timeout to allow center Justine Baltazar, who was cramping up, to get some rest but Jarin wasn’t buying that.Asked if he took offense with Byrd’s decision, Jarin shrugged and said “who wouldn’t?”FEATURED STORIESSPORTSGreatest ever?SPORTSFormer PBA import Anthony Grundy passes away at 40SPORTSBecoming his own man“It is unwritten ethics because everybody knows that, not only in basketball,” said Jarin Sunday at Mall of Asia Arena after the Bulldogs dropped to a league-worst 1-7 card.“I don’t know what his intentions were, I think he just wanted to field in the other guys.” View comments
Mahendra Singh Dhoni has refused to play Jharkhand’s Vijay Hazare Trophy quarter-finals against Maharashtra despite the national selection committee chairman MSK Prasad’s public announcement of him playing the game.Dhoni, who has been in poor form for India over the last couple of months, was expected to play the game at the M. Chinnaswamy in Bengaluru but Jharkhand coach Rajiv Kumar told reporters that MSD has declined to play the game because he feels it is unfair to join the team and affect the team balance.”Dhoni feels that it would not be fair for him to join us at this stage, given that the team has done so well and reached the quarter-final stage in his absence. He does not want to upset the team balance,” Jharkhand coach Kumar said.”He has to go to Hyderabad on October 16 to report for the ODI series. Maybe he will come for a day, I don’t know yet what his plan is, but so far, he is not coming. But it may be possible. You know he takes his own decisions. He is saying the boys are doing well, so there is no point coming for just one game and taking somebody’s place,” he added.The comments are a complete contrast to what Prasad had said a week ago.Last Thursday, Prasad was asked about whether Dhoni and Ambati Rayudu will be playing the Vijay Hazare quarters, he replied: “Dhoni is playing the knock-outs. About Rayudu, I will check and get back.”advertisementJharkhand topped the group league stage with 32 points and Shahbaz Nadeem’s was their notable performer with a List A world record haul of 8 for 10.Dhoni had a great Indian Premier League for the Chennai Super Kings but has struggled for the national team. He has played 22 days of international cricket this year (15 ODIs, 7 T20Is) and has looked out of sorts as a batsman, whenever he has come after a long break.Also read – MS Dhoni should play domestic cricket, feels Sunil GavaskarFollowing Dhoni’s poor form, former India captain Sunil Gavaskar had also expressed his concern and said that Dhoni should play domestic cricket to get back in form.”Absolutely (when asked if Dhoni should feature in domestic cricket). Dhoni should be playing domestic cricket and should be playing the four-day games as well because he will help so many of the emerging players from Jharkhand.”I know he travels with the team (Jharkhand), he acts as their mentor but to actually have him playing with them is a great inspiration. He will be a great inspiration to the younger players in the team,” Gavaskar told India Today.With Dhoni’s refusal, there are now questions being raised whether Prasad had even consulted Dhoni in first place before making a public announcement.”I would love to know how MSK Prasad gets in touch with Dhoni,” a senior BCCI official told PTI on Saturday. “Last heard, even VVS Laxman didn’t get a chance to speak to Dhoni before announcing his retirement. Hope he is telling the truth,” he laughed off.(With inputs from PTI)
ShareEmailPrint To learn more, read: Posted on October 29, 2010November 13, 2014Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)This week on the MHTF blog:We heard from Maria Laura Casalegno, a Young Champion working in MexicoYoung Champion Martha Fikre Adenew wrote about maternal health in LouisianaThe Maternal Health Policy Dialogue Series streamed live on the Wilson Center’s websiteYoung Champion Anna Dion updated us on her work in ArgentinaFormer MHTF staff member, Kate Mitchell, wrote about her work with community health workers in IndiaYoung Champion Onikepe Oluwadamilola Owolabi wrote about her first month of work in India Some weekend reading:Ugandan President Yoweri Museveni says maternal health is a priorityAn evaluation of women-led community mobilization intervention (PDF) for maternal and newborn healthA gel to replace the pill?Share this:
zoom China Earth Shipping Incorporated was convicted of illegally discharging garbage and fined USD 20,000 in the Townsville Magistrate’s Court on Tuesday, November 18, the Australian Maritime Safety Authority (AMSA) said.AMSA has prosecuted China Earth Shipping Incorporated, the owners of Panama flagged bulk carrier Xin Tai Hai and its master after it disposed of garbage near Gladstone in June last year.The ship’s master was fined USD 6000 on charges of illegally discharging garbage and failing to record it in the garbage record book.The company and its master entered pleas of guilty.The charges were a result of an AMSA investigation under the Protection of the Sea (Prevention of Pollution from Ships) Act, the Authority said.A local fisherman reported seeing a number of plastic bags of dumped rubbish on June 13 last year.AMSA identified Xin Tai Hai as the potential source of the pollution through the Vessel Traffic Service in Gladstone, which tracks vessels transiting through the area after the report was received by the Gladstone Volunteer Marine Service.An AMSA surveyor boarded the ship while it was berthed in Gladstone and the investigation found similar items to those found in the ocean.Ship Safety Division General Manager Allan Schwartz said Australia, in line with international conventions, does not tolerate ships dumping garbage in the ocean.“Ship owners and their masters need to understand these incidents are investigated and will lead to prosecution, if ships are found to have disposed of garbage illegally,”Mr Schwartz said. “These regulations exist to ensure sensitive sea areas such as the Great Barrier Reef are protected.”Press Release; Image: UCRT
The provincial fire marshal is asking Nova Scotians to be extra careful with open flames and other sources of heat while they are without power. The following are tips to help identify potential safety risks: — Candle use: Using candles is not recommended, but if you must use them, make sure they are properly supported — use a non-combustible container that is larger than the candle. Keep materials at least two feet away from candles. Extinguish any candles before leaving the room. — Portable appliances: Put the correct fuel in appliances like Coleman stoves or oil lamps. Substituting fuels is extremely dangerous. Propane and liquid camp stoves are for outdoor use only. Space heaters create carbon monoxide. Ensure they are used in rooms with good ventilation and placed on a flat hard surface to prevent tipping. Do not leave the units unattended. If using a portable, unvented kerosene heater, it is vital to open a window one inch or keep a door ajar to another room to provide safe ventilation, especially if the room is less than 150 sq. ft. — Extension cords: Do not attempt to run extension cords from a house that has electrical power to one that doesn’t. This can place both houses in danger of an electrical fire and is dangerous to repair crews. — Generators: Generators should be operated in well ventilated locations outdoors away from doors, windows and vent openings. They should be placed so that exhaust fumes cannot enter the home through windows, doors or other building openings. Generators must be certified and connected to the electrical system of a house by a construction electrician. They should be used to power equipment such as lights, portable electric heaters and a water pump and other equipment that may be connected directly by plug to the generator. — Smoke detectors: Ensure smoke detectors and carbon monoxide detectors and alarms have fresh batteries and are working properly. Remember, electric-powered devices do not work when the power is out. — Check appliances: Check stoves and other heating equipment to make sure that it is turned off. When electrical power is restored, a stove or other heating device can cause a fire if it is not attended. As always, if you have an emergency call 911. -30-
Washington DC: Expressing concern over the human rights situation in Kashmir, a group of influential US lawmakers has urged President Donald Trump to press India to lift the communication blackout in the Valley and release the people detained after the abrogation of Article 370. In a letter addressed to Trump, Senators Chris Van Hollen, Todd Young, Ben Cardin and Lindsay Graham said with each passing day, the situation for the people of Kashmir becomes “increasingly difficult”. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US”Therefore, we ask that you call upon Prime Minister (Narendra) Modi to fully restore telecommunications and internet services, lift the lockdown and curfew, and release Kashmiris detained pursuant to India’s revocation of Article 370,” stated the letter, a copy of which was released to the press. Restrictions were imposed in Kashmir after India on August 5 abrogated Article 370 of the Constitution, ending the State’s special status and bifurcated it into Union Territories – Jammu and Kashmir and Ladakh. Also Read – Record number of 35 candidates in fray for SL Presidential pollsAnother US Senator Bob Casey said India’s changes to the status of Jammu and Kashmir were a “drastic shift” from decades of precedent and policy which increases the potential for escalated conflict between India and Pakistan, and raises serious concerns about the safety and security of the people of Jammu and Kashmir. “I am committed to promoting democracy, human rights and self-determination for the people of Jammu and Kashmir. Accordingly, both India and Pakistan should refrain from incendiary actions that undermine security and human rights in the region,” Casey said. “The Trump administration’s failure to appoint a US Ambassador to Pakistan or an Assistant Secretary of State for South and Central Asian Affairs has left the United States unprepared and ill-equipped to engage meaningfully to ensure the rights and safety of the people of Jammu and Kashmir,” Casey said. The senators in their letter also said Pakistan must also dismantle its safe havens for militant groups operating on its soil including those targeting India and refrain from taking any steps that could further destabilise Kashmir.
Rabat – After the ban on religious slaughter without stunning the animal by the Ministry of Animal Welfare in Flanders and Wallonia in Belgium, the Muslim community began protesting in various ways for the right to slaughter rams during Eid Al Adha in the halal method.Khaled Harra, the imam of the Forest Mosque, said in a statement that the Muslim community has other solutions.Instead of observing the religious practice of slaughtering a ram during the feast, the imam called on Muslims “to either send the same sum of money to those who do not have the means to make their religious sacrifice, or spend that money profitably (i.e. finance projects here in Belgium).” Commenting on the new rules by the Belgian Ministry of Animal Welfare, the imam considers them discriminatory.“We pay our taxes! And for farmers who are in crisis, this represents a significant revenue, right?” the imam questioned.“We feel increasingly stigmatized. Every time, we feel that these laws target Muslims. One can sense a growing Islamophobic climate, “he added.By not making the sacrifice, the imam hopes to penalize farmers and push the government to react.Muslims all over the world will observe Eid-al-Adha on September 23 or 24. Also known as the Feast of Sacrifice, the event commemorates Ibrahim’s willingness to sacrifice his son to God.© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed without permission
Father Athanase Seromba, former priest at Nyange parish in Rwanda’s western Kibuye prefecture, pleaded not guilty to charges of genocide, complicity in genocide, conspiracy to commit genocide and crimes against humanity for extermination. Earlier this week, he was arrested by the Tanzanian authorities immediately after his arrival from Italy, where he had been living in exile, and handed over to the International Criminal Tribunal for Rwanda (ICTR). He is the fourth clergyman to be detained by the Arusha-based Tribunal.A date for Father Seromba’s trial has not yet been set.
A chemical team from the UN Monitoring, Verification and Inspection Commission (UNMOVIC) inspected the Tuwaitha Industrial Chemical Research Centre, a UN spokesman in Baghdad reported.“Even though it was a Muslim day of rest and there was only a guard at the Centre, the site was made available to full inspection,” Hiro Ueki said. “All managers of the departments of the Centre, who arrived shortly after the inspection began, briefed the UNMOVIC team about the current activities of their departments.”Meanwhile, two teams from the International Atomic Energy Agency (IAEA) requested access to a facility during non-standard hours at the former Tuwaitha nuclear complex, which now conducts civilian research in the non-nuclear field.The inspectors “observed work-shift levels during this non-work day period,” Mr. Ueki said. They also visited the Shakyli stores, which is a facility for dual-use equipment from the past Iraqi nuclear programme, and carried out environmental gamma radiation surveys in the area.Two more UNMOVIC inspectors arrived in Baghdad yesterday, bringing the total number of inspectors to 115 – 96 from UNMOVIC and 19 from the IAEA, Mr. Ueki said.
by Ken Ritter And Ivan Moreno, The Associated Press Posted Aug 8, 2017 6:34 am MDT Last Updated Aug 8, 2017 at 12:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MILWAUKEE – A British cybersecurity figure hailed as a crime-fighter just three months before his arrest in a worldwide malware production and distribution case might still be in Las Vegas ahead of his arraignment next week in a federal court in Wisconsin, according to terms set by a judge.Attorneys and advocates for Marcus Hutchins, 23, of Ilfracombe, England, didn’t immediately respond Tuesday to telephone and email messages about his whereabouts following his release Monday from a jail in rural southern Nevada.But jail and federal officials say he was released, and pointed to terms set by the judge who on Friday set Hutchins’ bail at $30,000.Magistrate Judge Nancy Koppe said Hutchins would have to stay at a federal halfway house or under house arrest in Las Vegas with an ankle monitor until he travels to Milwaukee for arraignment on a six-count federal indictment.The judge didn’t find Hutchins a threat to the community or a risk not to attend court appearances. She nevertheless ordered him to surrender his passport to federal officials and not use any device that has access to the internet.Hutchins’ arraignment had been set Tuesday in U.S. District Court in Milwaukee, but was reset for Aug. 14, said Elizabeth Makowski, a spokeswoman for the U.S. attorney’s office.He was arrested Aug. 2 in Las Vegas on federal charges that he created and distributed a malware program to obtain banking passwords from unsuspecting computer users.Hutchins was held through the weekend at a jail in rural Pahrump, where he had been arrested at McCarran International Airport on his way home from the Def Con computer security convention in Las Vegas.Electronic Frontier Foundation general counsel Kurt Opsahl said Monday he was awaiting word that bail had been posted and that Hutchins had been released from federal custody. The foundation, a digital civil-liberties non-profit, was helping Hutchins obtain legal counsel.Opsahl, other foundation officials and Hutchins’ attorney in Las Vegas, Adrian Lobo, didn’t respond to telephone and email messages Tuesday morning from The Associated Press.Hutchins was credited with helping in May to curb the spread of WannaCry ransomware during an attack that crippled thousands of computers worldwide.He did not enter a plea at Friday’s hearing to six federal charges dating to 2014, including conspiracy to commit computer fraud. He is accused of creating and distributing malicious software called Kronos designed to steal banking passwords.Other charges he faces are distributing and advertising an electronic communication interception device, attempting to intercept electronic communications and trying to access a computer without authorization. He could face decades in federal prison if he is convicted.The indictment filed last month in Milwaukee alleges that Hutchins and another defendant, whose name was redacted, conspired between July 2014 and July 2015 to advertise, sell and profit from the Kronos banking Trojan malware.Hutchins is accused of creating the malware and enabling cybertheft by spreading a program that can infect web browsers and capture usernames and passwords.Hutchins has support in the information-security community, where some call him a principled, ethical hacker.His mother, Janet, said it was unlikely that her son was involved in illegalities because he spends much of his time combatting malware attacks.Though Hutchins previously worked under the alias MalwareTech, cracking WannaCry led to the loss of his anonymity and propelled him to cyber stardom, public appearances and a $10,000 cash prize that he said he planned to donate to charity.He told The Associated Press at the time that he didn’t think he would ever return to being the “MalwareTech” that everyone knew.___Associated Press writer Danica Kirka in London and Regina Garcia Cano in Las Vegas contributed to this report. Ritter reported from Las Vegas.___Sign up for the AP’s weekly newsletter showcasing our best reporting from the Midwest and Texas: http://apne.ws/2u1RMfv FILE – In this Monday, May 15, 2017, file photo, British IT expert Marcus Hutchins speaks during an interview in Ilfracombe, England. Hutchins, a young British researcher credited with derailing a global cyberattack in May, has been arrested for allegedly creating and distributing banking malware, U.S. authorities say. Hutchins was detained in Las Vegas on Wednesday, Aug. 2, 2017, while flying back to Britain from Defcon, an annual gathering of hackers of IT security gurus. A grand jury indictment charges Hutchins with “creating and distributing” malware known as the Kronos banking Trojan. (AP Photo/Frank Augstein, File) US arraignment of British cybersecurity expert postponed
Wide receiver K.J. Hill (14) and coach Urban Meyer sing Carmen in front of the student section following their 31-16 loss to Oklahoma. Credit Jack Westerheide | Photo EditorFollowing Ohio State’s 31-16 loss to Oklahoma at home Saturday, the Buckeyes have dropped six spots from No. 2 to No. 8 in the Associated Press Top 25 Poll. The victor in that game replaced Ohio State as the No. 2 team.The top five consists of No. 1 Alabama, No. 2 Oklahoma, No. 3 Clemson, No. 4 USC and No. 5 Penn State. Michigan is the only other Big Ten team besides Penn State to be ranked ahead of Ohio State at No. 7.In total, the Big Ten has four teams in the top 25. After Penn State, Michigan and Ohio State, Wisconsin placed at No. 10, moving down one spot from last week. Three teams in the conference received votes as Maryland received 42, Iowa had two and Michigan State had one.Ohio State will look to rebound next Saturday when it hosts Army at 4:30 p.m.AP Poll Alabama (58)Oklahoma (2)Clemson (1)USCPenn StateWashingtonMichiganOhio StateOklahoma StateWisconsinFlorida StateLSUGeorgiaLouisvilleAuburnVirginia TechMiami (FL)Kansas StateStanfordTCUWashington StateSouth FloridaTennesseeFloridaUCLA
It’s that time of year. With every iPad rumor that makes headlines, the resale value of older iPads drops. When Apple sends out invitiations to its event — as it did yesterday — the floodgates are opened. Thousands upon thousands of used iPads hit the second-hand market, their owners hoping to cash in before the second-hand value drops even more.That flood is now slamming upon eBay. In addition to its standard auction market, the site also offers an Instant Sale program, where it will give you a straight-up cash offer for an item. Customers are taking up eBay on its Instant Sale offers in record numbers.The offers are positively Gamestop-esque. For example, a 16GB original iPad will fetch $192.05, and a 16GB iPad 2 will get you $275.16. These are well below standard resale value, but many customers are willing to take less to avoid the hassle of starting an auction or dealing with Craigslist.This year, eBay reports that trade-ins of iPads are up 10x from February of last year. The site has generated over 122,000 iPad offers. That number will have surely grown by the end of the day.It makes sense that February would be a big iPad resale month, but why the spike from last year? First, there are many more iPads in customers’ hands now. That alone would lead to a surge over last February, when there was only one generation of iPad available. Last year, many original iPad owners had just bought their tablets during the 2010 holiday season, so there was less urgency to upgrade.Another big factor in the surge is that everyone who has read the news during the last three months knows that this year’s iPad will offer a major refresh — featuring the long-anticipated Retina display. Last year, it wasn’t clear how big of an upgrade the next iPad would be. The iPad 2 was indeed a relatively minor refresh over the O.G. iPad, so many of those iPad 1 owners held onto them. This year, though, those customers are ready to upgrade (in addition to many iPad 2 owners).The other thing this signifies is that the iPad 3 is going to break all kinds of sales records. If you’re looking to get one early on, you’d be wise to pre-order as soon as you can. That is, if Apple allows pre-orders this year (it didn’t for the iPad 2).via CNET
Share18 Tweet Email2 Tuesday 24 Jan 2017, 4:30 PM By Sean Murray Jan 24th 2017, 4:30 PM It uses an abusive and discriminatory European rule to tell us, as passengers, that we aren’t welcome. Disabled people stage protest against Ryanair in Spain for ‘systematic discrimination’ A statement from the airline said the claims were untrue and that the protest was baseless. 20 Comments Image: Shutterstock/Rebius Short URL https://jrnl.ie/3201795 19,278 Views Image: Shutterstock/Rebius MORE THAN 250 people with disabilities staged a protest against Ryanair at Adolfo-Suárez-Madrid Barajas Airport on Saturday afternoon.Spanish newspaper El País reports that the protesters accused the airline of “systematically and permanently” discrimination against disabled travellers by adding unnecessary obstacles in order to board their flight.The protest was organised by the Spanish Committee of Representatives of Disabled People (CERMI), after the group received multiple complaints about the low-cost airline.The group’s president, Luis Cayo Pérez Bueno, said: “The airline conjures up hare-brained security reasons and, without any kind of social commitment, excludes disabled passengers directly, either by not allowing them to board, or by obliging them to bring a travel companion at their own expense. He cited the case of Javier García Pajares, a deaf and blind Spanish student attempted to return home for Christmas from London. It is claimed that he was not allowed to travel for security reasons.Cayo Pérez said: “The case of our friend Javier García Pajares is proof of something devastating that it wants us to accept as natural. It is the moment to tell them that low-cost cannot be translated into fewer human rights.”In a statement to TheJournal.ie, a Ryanair spokesperson said: “These claims are untrue and this protest was baseless.Thousands of passengers who require special assistance choose to travel with Ryanair on a weekly basis and do so without issue and we are proud of the service we provide to all of our customers, which we are continually improving.They added that Pajares had been contacted by customer service, who had asked him for documentation to make sure he complied with the required security measures that allowed him to travel without a companion.The spokesperson said: “Upon receipt of this confirmation (some seven days later), we confirmed he would be permitted to travel, however he chose not to.”In a letter sent to CERMI, and seen by TheJournal.ie, Ryanair’s chief marketing officer Kenny Jacobs confirmed that a refund had been provided for the unused airfare.Read: Backlash after Ryanair mocks Aer Lingus link to illegal immigrantsRead: Ryanair says teaming up with Norwegian ‘makes sense’ – but it’s low on the to-do list Tweet thisShare on FacebookEmail this article
Each and every Blue Apron meal comes pre-proportioned with an easy-to-follow recipe. If you have some basic cookware, some free time, and a little bit of patience, you’ll end up with a delicious meal at a very reasonable price.If you’re new to the realm of cooking for yourself, worry not. As long as you can read the recipes, and you’re up for a bit of physical work, you’ll be able to handle it just fine. Follow the steps and set your timers, and you’ll end up with something tasty.As for more experienced cooks, Blue Apron is a great way to try new recipes, and even tweak them to fit your personal tastes. You’ll be getting delicious fresh ingredients and new ideas every time a new Blue Apron package arrives.While these three meals would usually run you about $59.94, today’s bargain from StackSocial will drop that price by roughly 54%. And if you’re cooking for a slightly larger group, consider swapping to the family plan instead. For just $35, you’ll get two meals for four people. Either way, you’ll be saving big.Note: Terms and conditions apply. See the StackSocial site for more information. For new members only.Our commerce group sources the best deals and products for the Geek Deals posts. We operate independently of Editorial and Advertising and may earn a percentage of the sale, if you buy something via a link on the post. If you are interested in promoting your deals, please contact us at firstname.lastname@example.org.For more great deals, head over to TechBargains. Looking to expand your horizons in the cooking department? Blue Apron is a fun, easy, and affordable way to try out new recipes, and stretch your wings in the kitchen. Even better, you can save over 50% off your first three meals with today’s StackSocial sale.• Three Blue Apron meals for two for $27 (List price: $59.94)
Crain Communications promoted KC Crain to vice president and group publisher, overseeing Plastics News, Rubber & Plastics News, Tire Business and Waste & Recycling News. Crain will continue to serve as publisher of AutoWeek.New York magazine appointed Scott Brown as theater critic. Brown previously served as a writer at Entertainment Weekly, covering theater, movies and television.Time Inc. named Katy Delehanty executive design director of corporate sales and marketing. Most recently, Delehanty served as creative director at Harper’s Bazaar. Ahead of launching its App Lab, Hearst Magazines appointed Avi Zimak advertising director of tablet media. Since July 2007, Zimak served as advertising manager at Town&Country.The National Journal Group has made yet another editorial hire. Kathy Kiely is joining the group as managing editor for politics. Previously, Kiely covered Congress and national politics for USA Today.Harper’s Magazine named Zadie Smith as books columnist, replacing Benjamin Moser, who is transitioning to contributing editor. An author, Smith also serves as a creative writing professor at New York University.Penton Media appointed William O’Conor to the newly-created post of vice president, financial services group. Most recently, O’Conor served as president and managing director of the Wealth Market Segment of Dow Jones Group.Longtime Newsweek correspondent Howard Fineman reportedly is leaving the magazine to serve as a senior editor at the Huffington Post. Fineman had been with the magazine for three decades.Cygnus Business Media named Gloria Cosby executive vice president, diversified portfolio—responsible for managing several brands including Mass Transit and the CPA Technology Advisor. Most recently Cosby served as a brand director.Michael Speier joined Nikkie Finke’s Deadline.com as managing editor. Previously, Speier served as executive editor at rival Variety.Scientific American announced three editorial additions: Christine Gorman was hired to edit the magazine’s health and medicine features, Anna Kuchment was brought on to edit the front of the book section and Bora Zivkovic was named blog and community editor.United Business Media’s Everything Channel appointed Lisa MacKenzie senior vice president of events. MacKenzie previously served as senior vice president of sales.Former People en Español editor-in-chief Richard Pérez-Feria was appointed business editor at Greenspun Media Group and editor of its In Business Las Vegas newspaper. After leaving People en Español, Pérez-Feria served as founding editorial director of Glam Media’s Web vertical Brash.com and most recently as senior vice president of editorial and entertainment at Miami-based República.Theresa Gonzalez was named editor-in-chief of Future US’ Crochet Today. Gonzalez replaces Brett Bara, who is leaving the company.Kiplinger’s Personal Finance announced a pair of personnel changes: Lawrence Carrel was named a contributing editor and Jennifer Schonberger was named a staff writer. Less than a month after Blood-Horse Publications president and CEO Stacy V. Bearse announced that he will retire this fall, the company has promoted Marla Bickel as publisher and CEO. Bickel joined Blood-Horse in 2006 as director of circulation and was named vice president of operations in 2008.Ziff Davis Enterprise has appointed Kristin Beaulieu senior vice president of event sales. Beaulieu joins the company from virtual event vendor INXPO, where she served as vice president of client services.Simon Barnett was named director of photography for LIFE.com. Before working on a documentary project, Barnett served as director of photography at Newsweek.
WILMINGTON, MA — The Wilmington-Tewksbury Chamber of Commerce profiles a different member in the local media each week. In this week’s “Chamber Corner,” the Chamber is spotlighting Wilmington’s K1 Speed.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedCHAMBER CORNER: Learn About Michaela Klofac From AFLACIn “Business”CHAMBER CORNER: Learn About Align Credit Union’s Student AccountsIn “Business”CHAMBER CORNER: Learn About CareOne At WilmingtonIn “Business”