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Showing posts from August, 2022

A Pivotal Year as they Moved into a Phase of Growth after Significantly Deleveraging the Balance Sheet Over the Past Three Years - Rajeev Jhawar Usha Martin Limited

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Rajeev Jhawar  , MD of Usha Martin Usha Martin recently had a pivotal year as they moved into a phase of growth after significantly deleveraging the balance sheet over the past three years. The strategic move of Usha Martin and its Managing Director, Rajeev Jhawar to sell off their steel business to Tata Steel had enabled them to significantly deleverage the balance sheet and focus on the firm’s core competencies. This has already started yielding results and has placed them in a position of strength. Usha Martin Limited, under the exemplary management of Rajeev Jhawar is all poised for expansion. This includes enhancing their product mix, focusing on building share in international markets and investing in capacity increase. “We believe that we are at an inflection point. Having been able to stabilise our business, we are truly on our way to strengthen our operations and push the boundaries”, Managing Director Rajeev Jhawar proudly affirms. Speaking about the expansion plan...

Tata Steel Kalinganagar Observes ‘International Day Of The World’s Indigenous People’

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The day-long knowledge sharing session was organised as per this year’s theme i.e. “The Role of indigenous Women in preservation and transmission of traditional knowledge”. Smt Sangeeta Pingua, Chairperson, Byasanagar Municipality, graced the occasion as Chief Guest along with Smt Sini Soy, local leader and ex-Sarpanch, Gobarghati Gram Panchayat, Mrs Rina Haibru, Samiti Sabhya, Gobarghati Gram Panchayat and Mr Ratnakar Tiyu, Sarpanch, Gobarghati Gram Panchayat. Among others present on the occasion were Mr Laxman Jamuda, Chairman, Bisthapita Parivar Unnayan Parisad Kalinganagar, Mr Biren Jamuda, Secretary, Bisthapita Parivar Unnayan Parisad Kalinganagar and Mr Debdoot Mohanty, Chief, Corporate Services, Tata Steel Kalinganagar along with other officials of Tata Steel and Tata Steel Foundation. The steel programme aimed at bringing forward the role of women in promoting tribal culture, with a focus on tribal language, lifestyle, cuisine, women leadership, etc. There was also discussion ...

Elon Musk Sells $6.9 Billion Of Tesla To Avoid Twitter Tussle Fire Sale

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Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaire's biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker's shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc. Tesla's chief executive officer sold about 7.92 million shares on August 5, according to a series of regulatory filings that landed after US markets closed Tuesday. As speculation mounted over the reason for the disposal, Musk responded in a series of late night tweets, saying he wanted to avert an emergency sale of stock if he is compelled to complete the $44 billion takeover of Twitter, which he walked away from last month.   Asked by followers if he was done selling Tesla shares and would buy the stock again if the deal doesn't close, Musk responded: “Yes.” Read More : https://www.ndtv.com/business/elon-musk-sells-6-9-billion-of-tesla-to-avoid-twitter-tussle-fire-sale-3241514

Doc Marten boots saved White House lightning strike survivor, mother says

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The mother of the lightning strike victim who survived after being hit near the White House last Thursday said she believes her daughter’s Doc Martens may have saved her life. In a Facebook update, Julie Escudero noted doctors saying the lightning that struck her daughter “went through her toes and out her left arm.” The thick rubber “Airway” boots of her daughter’s Doc Martens likely helped deaden the bolt, she told Ventura County Star. Amid 90-some degree heat, Amber Escudero-Kontostathis, had spent hours canvassing tourists in front of the White House for donations to help refugees in Ukraine, her family said. To Know More : https://nationalpost.com/news/world/doc-marten-boots-saved-white-house-lightning-strike-survivor-mother-says

Martin Rowson on the FBI raid of Donald Trump’s Mar-a-Lago estate – cartoon

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Federal investigators have seized documents from  Donald Trump’s  Mar-a-Lago resort in Palm Beach, Florida, according to two sources familiar with the matter, the latest indication of a sharply intensifying criminal investigation by the US justice department into his affairs. The  FBI  executed a search warrant at around 9am on Monday morning at Trump’s residence, the sources said, as part of an ongoing investigation examining the former president’s potentially unlawful removal and destruction of White House records after he left office last year. To Know More : https://www.theguardian.com/commentisfree/picture/2022/aug/09/martin-rowson-on-the-fbi-raid-of-donald-trumps-mar-a-lago-estate-cartoon

Moscow plans to link Zaporzhzhia nuclear plant to Crimea, operator warns

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Vitaliy Kim , governor of  Mykolaiv , has posted to Telegram to say that as a result of shelling at around 1.40am, three people, including a 13 year-old girl, were injured in the city of Mykolaiv. He said residential buildings were damaged as a result of shelling. He also claimed that yesterday, during the day, there had been several fires in the fields caused by Russian attacks, and that “settlements of the Bereznehuvate community, located on the demarcation line, remain under constant fire”. The claims have not been independently verified. Read More : https://www.theguardian.com/world/live/2022/aug/10/russia-ukraine-war-live-news-moscow-plans-to-link-zaporzhzhia-nuclear-plant-to-crimea-operator-warns

‘This is about striking fear’: China’s Taiwan drills the new normal, analysts say

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China’s military drills targeting  Taiwan  have set a new normal, and are likely to “regularise” similar armed exercises off the coast or even more aggressive action much closer to the island, analysts have said. China’s People’s Liberation Army (PLA) has been  conducting live-fire exercises  and other drills in the seas around Taiwan’s main island for almost a week, in a purported response to the controversial visit to Taipei by the US House speaker, Nancy Pelosi. Beijing claims Taiwan as a province. It has not ruled out taking it by force and objects to any and all foreign shows of support for its sovereignty. Taiwan has accused Beijing of  using Pelosi’s visit as an excuse to prepare for an invasion . While some drills are continuing, the big show put on last week has ended, and observers are now trying to assess how the dynamics of the region have changed, and what the future holds for cross-strait relations. “This is about striking fear and a se...

Republicans slam FBI search of Trump’s home; Democrats cautious

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Donald Trump’s Republican Party has come to the former US president’s defence after FBI agents  conducted a search  at his residence in Florida, with many conservative lawmakers vowing to investigate law enforcement agencies involved in the incident. The anger was expressed by far-right firebrands as well as mainstream Republican congressional leaders who claimed without evidence that the raid on Monday night was politically motivated “I’ve seen enough,” House Minority Leader Kevin McCarthy said in a statement. “The Department of Justice has reached an intolerable state of weaponized politicization.” McCarthy said “when” Republicans win control of the House of Representatives, they will conduct “immediate oversight” of the department, warning that Attorney General  Merrick Garland  should preserve his documents and clear his calendar. Know More : https://www.aljazeera.com/news/2022/8/9/republicans-slam-fbi-search-of-trumps-home-democrats-cautious

Blasts rock Russian military airbase in annexed Crimea

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A senior Ukrainian official has suggested a series of explosions at a Russian air base in  Crimea  could have been the work of partisan saboteurs, as Kyiv denied any responsibility for the attack in the Russian-occupied territory that left at least one person dead and eight wounded. Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelenskyy, also suggested Russian incompetence as a possible cause of the blasts. To Know More : https://www.aljazeera.com/news/2022/8/9/large-explosions-rock-russian-military-air-base-in-crimea

U.N.’s terror sanctions regime at an ‘all time low’, says India

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The credibility of the United Nations’ sanctions regime is at an ‘all time low’, said India on Tuesday, taking aim at China, Pakistan, Afghanistan and the United Nations Secretariat over ‘selectivity’ and ‘double standards’ against terrorism. Delivering a speech sharply critical of U.N. processes at a Security council session on ‘Threats to international peace and security caused by terrorist acts’ where she did not name the countries, India’s U.N. envoy Ruchira Kamboj took exception to China’s decision to place a hold on terror listings, the ‘glorification’ of terror acts by Pakistan, and Afghanistan’s Taliban regime for providing shelter for terror groups, including ISIL-Khorasan behind the attacks on a Gurudwara in Kabul. Read More : https://www.thehindu.com/news/national/terror-sanctions-regime-at-an-all-time-low-says-india-slamming-china-pakistan-afghanistan-for-double-standards-un-for-selectivity/article65752570.ece

FBI searches Donald Trump’s Mar-a-Lago home and seizes documents

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Federal investigators have seized documents from  Donald Trump’s  Mar-a-Lago resort in Palm Beach, Florida, according to two sources familiar with the matter, the latest indication of a sharply intensifying criminal investigation by the US justice department into his affairs. The  FBI  executed a search warrant at around 9am Monday morning at Trump’s residence, the sources said, as part of an ongoing investigation examining the former president’s potentially unlawful removal and destruction of White House records after he left office last year. Read More : https://www.theguardian.com/us-news/2022/aug/08/trump-says-fbi-raided-his-mar-a-lago-home