10 months agoDONE DEAL: Peterborough sign Brighton defender Ben White

first_imgTagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your say DONE DEAL: Peterborough sign Brighton defender Ben Whiteby Paul Vegas10 months agoSend to a friendShare the lovePeterborough United have signed defenders Ben White and Daniel Lafferty on loan from Brighton & Hove Albion and Sheffield United respectively.Both players have joined the League One side until the end of the campaign.White, 21, spent last term on loan with Newport County and has featured for the Seagulls’ Under-21 side in 2018-19.Seagulls boss Chris Hughton said, “This move is one which allows Ben to play regular first-team football at a good level for his development. At this stage of his career it’s important that he continues to gain as much match experience as possible.“He’s someone who we’ve had around the first-team squad for the first half of the campaign, but with competition for places increased with the return of Dan Burn from Wigan, this gives him the chance to go out and play regular football at a level higher than he experienced last season.” last_img read more

13 days agoHyypia has no doubt about Liverpool title focus

first_imgHyypia has no doubt about Liverpool title focusby Paul Vegas13 days agoSend to a friendShare the loveLiverpool Champions League title winner Sami Hyypia has no doubts about the team’s title focus.But while Liverpool stretched their lead over Manchester City to eight points going into the ­international break, ­Hyypia knows there is a long road ahead. He said, “It’s a great thing that no one left last summer – they kept all their big players. And, when I see them play, it looks like everyone wants to be there to play for this club and be in this team.“I watch them and it seems they are having fun ­playing at such an ­extraordinarily high level – but they are also ­demanding of each other. That’s why they won’t ease up.“I saw the episode with Mo Salah and Sadio Mane, but, far from thinking that was ­damaging to the dressing room spirit, I thought that showed how strong it is.“It just shows that everyone wants to win together and what a great group Klopp has built with that dynamic.“It’s always good to have that kind of openness where players can call each other out. That’s part of the culture of winning.“All successful teams have that desire, which means they ­demand more from each other.“I remember some sparks ­flying between players when I was at Anfield – and that’s only good for the team.” About the authorPaul VegasShare the loveHave your saylast_img read more

Microcredit Act to Be Tabled Next Financial Year

first_img Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the proposed Microcredit Act will be tabled in the Houses of Parliament in the next financial year, 2019/20. Story Highlights Dr. Clarke was speaking at the Rotary Club of Kingston luncheon meeting held at The Jamaica Pegasus hotel on October 4. “Certainly, I am hoping for the first half of the next financial year that the Microcredit Act will be tabled and debated,” he said. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the proposed Microcredit Act will be tabled in the Houses of Parliament in the next financial year, 2019/20.“Certainly, I am hoping for the first half of the next financial year that the Microcredit Act will be tabled and debated,” he said.Dr. Clarke was speaking at the Rotary Club of Kingston luncheon meeting held at The Jamaica Pegasus hotel on October 4.He noted that “we are in very advanced stages of that Act. It has been through review a few times by the Chief Parliamentary Counsel and the office of the Attorney General”.When passed, the Bill will, among other things, assist in the registration of microlending companies, which provide financing to the micro, small and medium-sized enterprise (MSME) sector.It will also allow the entities to be licensed, while also providing measures for the protection of consumers.The Bill will also enable greater participation of the MSME sector in government contracts.Meanwhile, Dr. Clarke said that the Government is seeking to encourage greater competition within the economy.“The policy of this Government is a policy that is going to encourage competition, encourage private-sector representatives to compete against each other and for local companies to compete against regional and international companies,” he said.“As we foster a competitive environment where companies in search for markets, in search for your purchasing dollar, compete among themselves, the natural result is that prices will respond,” he pointed out.Dr. Clarke argued that within a competitive market, businesses will not be able to just “jack up prices, because competition means that if you do that, you can lose your business to the competitor”.“The economy that is emerging is one that is going to be built on competition and one that is going to require every fibre of your being to think about how you are going to compete and how you are going to be better than the other company,” the Finance Minister added.last_img read more

Jamaica Not Slated to Become a Casino Destination – Minister Bartlett

first_imgStory Highlights Minister of Tourism, Hon. Edmund Bartlett, says that while Jamaica will open its first regulated casino in 2020, the island is not slated to become a casino destination.“The fact is that casinos are not a requirement for Jamaica’s growth, but within the context of the integrated development model, casino gaming is a driver for exponential growth. We do not see Jamaica ever becoming known as a casino destination, but rather a destination in which casino gaming is available,” he said.He was speaking at a seminar on ‘Hospitality Industry and Casino Operator’s Guide to Managing US Liability Issues from the Caribbean’ held at Sandals Montego Bay on Friday (December 7).Mr. Bartlett said that Jamaica has shied away from gaming as a structured path of the tourism experience for a number of reasons.“One of which has been the experiences that we have looked at in other places and we have seen some of the attendant negatives, and we question very much whether or not we would be able, ourselves, to manage and be able to deal with the negative impact of it,” he pointed out.He noted that while there were also religious considerations, a decision was made to explore the area, “because it does provide a lucrative element of the tourism product and it has the potential to drive growth to a level that would put Jamaica where it ought to be in terms of the level required to generate additional gross domestic product (GDP).”Minister Bartlett said that as a tourism product, casino gaming is expected to contribute two per cent of GDP to the economy.He said the initial thought was that three million stopover visitors and earnings of US$3 billion would be spurred on by casino gaming. However, those figures have already been exceeded, as 4.3 million visitors arrived on the island last year without the lure of a casino.“Casinos should represent no more than 20 per cent of the value of the experience that is offered as the integrated development arrangement,” he said.With the consideration that three casino gaming licences will be granted, the Minister outlined that construction of at least 1,000 rooms and US$1 billion in investment have been laid down as minimum for a casino licence.Florida attorney-at-law Bruce Liebman, who is a partner at Kaufman Dolovic and Voluck, said that casinos present “great opportunity” for the island if presented in an integrated format, which includes entertainment, condominiums, and shopping, along with golf courses.“Get (casinos) on the ocean with your beautiful beaches and you will be ahead of Florida (in terms of casino profitability), and I believe that is a beautiful opportunity,” he said.The seminar was hosted by Kaufman Dolovic and Voluck in collaboration with Montego Bay-based law offices of Clayton Morgan and Company.Mr. Liebman and associate attorney, Michel Morgan, made presentations on how to deal with hotel and casino legal liability matters. “The fact is that casinos are not a requirement for Jamaica’s growth, but within the context of the integrated development model, casino gaming is a driver for exponential growth. We do not see Jamaica ever becoming known as a casino destination, but rather a destination in which casino gaming is available,” he said. Minister of Tourism, Hon. Edmund Bartlett, says that while Jamaica will open its first regulated casino in 2020, the island is not slated to become a casino destination. He was speaking at a seminar on ‘Hospitality Industry and Casino Operator’s Guide to Managing US Liability Issues from the Caribbean’ held at Sandals Montego Bay on Friday (December 7).last_img read more

Badgered again Just like in football Wisconsin ends Buckeyes unbeaten streak

With all coach Thad Matta had accomplished at Ohio State, he had never won at Wisconsin’s Kohl Center as the Buckeyes’ coach. Saturday, OSU arrived in Madison undefeated and No. 1 in the country to give the coach, perhaps, his best chance yet. But alas, a new year produced the same result. No. 14 Wisconsin (19-5, 9-3 Big Ten) handed OSU (24-1, 11-1 Big Ten) its first loss of the season Saturday, 71-67. Junior guard Jordan Taylor led all scorers with 27 points, 21 of which came in the second half, on 8-for-13 shooting for the Badgers. As expected, the Badgers came out at the slow pace that so many teams have implemented against the Buckeyes this year. As they played exclusively in the halfcourt, Wisconsin was able to open up an early lead. However, when freshman point guard Aaron Craft entered the game for the Buckeyes, the Badger offense quickly changed from methodical to simply stagnant. As Craft stifled Taylor, Wisconsin had a stretch in the first half in which it went more than six minutes without making a field goal. After junior guard William Buford tied the game at 26 with a minute to go, a basket from fifth-year senior forward David Lighty gave the Buckeyes their first lead of the game, 28-26, at halftime. The Badgers quickly tied the game at 28 to start the second half, but the next several minutes were all OSU. The Buckeyes went on a 21-4 run that lasted more than six minutes as they opened up a 47-32 lead with 13:30 to go. Wisconsin, however, wasn’t going away. Taylor scored eight unanswered points for the Badgers and a pair of free throws from sophomore forward Mike Bruesewitz cut the lead to five. Taylor scored again on the next possession, and a 3-pointer from freshman guard Josh Gasser completed a 15-0 Wisconsin run and tied the game, 47-47. With the game tied, 55-55, and just more than six minutes remaining, a basket from senior forward Keaton Nankivil gave the Badgers their first lead since the first half. Another 3-pointer and a pair of free throws from Taylor put Wisconsin up seven with just more than four minutes to go. OSU cut the lead to two with less than a minute to go, but a Bruesewitz 3-pointer and a turnover from Craft on the ensuing possession put the game out of reach. Buford led the Buckeyes with 21 points, and forward Jared Sullinger’s 19 points and 12 rebounds gave the freshman his 12th double-double of the season. The Buckeyes play again at 9 p.m. Tuesday at home against Michigan State. read more

Fans urge Isco to come to Chelsea and replace Cesc Fabregas

first_imgFollowing the amazing display the Spaniard put in on Tuesday, when he scored three of the six goals for his team in the game against Argentina, the Blues’ fans have shared their opinion as they quite often do via the media.Real Madrid’s forward scored a hat trick in the eventual 6-1 win over Argentina and supporters have urged management to prepare the 70 million he is rated at and just sign him.Isco started on the right side and finished by taking the ball home after completing his treble in the 74th minute of the huge win.Tammy Abraham, ChelseaChelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.The Spaniard has been struggling in Real under Zinedine Zidane this season as more often than rarely was he out of the starting squad. Despite this fact, he has still managed to score seven goals and provide the assists for seven others in his 40 appearances across all competitions Madrid are participating in.Some of the fans comments following the game were the invitation “come to Chelsea and replace Cesc Fabregas” and the simple “Chelsea need to sign Isco” among many others, according to Football Fancast.last_img read more

Javi Martinez Great things will happen at Bayern Munich with Niko

first_imgBayern Munich midfielder Javi Martinez feels that new coach Niko Kovac has made a good start to life at the club and he is convinced that they going to achieve “good things” under him this seasonThe Bavarians enter the new season looking to continue with their dominance of German football by winning the Bundesliga title for a seventh successive campaign.But they will have to do so with their manager Jupp Heynckes, who has retired for the second time, and has been replaced by Kovac, who led Eintracht Frankfurt to the DFB cup last season and in the process thrashed Bayern 4-1 in the final.It will be the first time the 46-year-old has managed a major European club in his coaching career, but Martinez is already seeing similarities between Kovac and his predecessors Heynckes and Carlo Ancelotti.“All the trainers have their own look on different tactics, different concepts. So, yeah, with Niko I think we are going to continue on the same line with Jupp or with Carlo [Ancelotti],” the Spaniard told ESPN.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“We’re going to try to keep the ball, to not concede opportunities to the opposing team. Yeah, I think we are going to play very well with this coach because we are training very well, we are good things. I can’t wait to start the competition.”Martinez is hoping to recover from his injury in time to face his former Bayern boss Pep Guardiola on Saturday with the Bundesliga giants set to take on Manchester City in the International Champions Cup.“I got hit in the back. It hurts a little bit, but I think the progress is going good,” he said.“I hope on Saturday I can play — these kinds of games are perfect for us. All the best teams in Europe, their prestige, to play against them is good. We feel at home here.”last_img read more

Firefighters Respond To Major Push In Swan Lake Fire As Heavy Winds

first_imgFacebook0TwitterEmailPrintFriendly分享These dry, windy conditions further dried out fuels yesterday and there was a marked increase in fire activity in several areas of the Swan Lake Fire. There was substantial growth in the Thurman Creek drainage, and in the Mystery Creek and Dike Creek drainages, according to the Division of Forestry. Large columns of smoke from these drainages were visible from Cooper Landing yesterday and are expected tobe visible today. After the cold front passes temperatures will drop but conditions will still be very dry. Smokeyconditions are expected to continue in Cooper Landing over the the weekend. This closure includes closures for the public use cabins at East and West Swan Lake, Trout, Romig and Juneau cabins. Aircraft will continue to drop water on an area of heat north of Upper Jean Lake and in an area northwest of Fuller Lakes. Aircraft working in these areas will be visible from the road and motorists are asked to be alert for vehicles stopped along the highway and be aware that dangerous conditions can exist when traffic flow is disrupted by vehicle stopping to view suppression operations.center_img These conditions are forecast to last throughout the weekend, prompting Refuge Managers to close the Fuller Lakes and Skyline Trails. The Chugach National Forest has implemented a closure on Resurrection Pass trail from the junction of Devil’s Pass south to the Sterling Highway. Updates will be posted as they are made available.last_img read more

Report Women Artists Songwriters Are Missing In Country Music

first_imgUnderwood took action last year, building her 2018 tour with an entirely female bill, saying it was her way of supporting women “who deserve to be there.” Perhaps her insight provides a glimpse”It’s good when women support women,” said Underwood. “One of the good things that has come out of these conversations has been the rallying that we’ve had for each other, behind each other. We all need more of that in our lives.”The Annenberg report on women in country concluded, “The most effective solution is for the industry to undertake a collective effort to address disparities,” and it continued to lay out recommendations for ways labels, terrestrial radio, advocacy groups, streaming services and live entertainment professionals can take action. You can read the full report here.Closing The Gap: How Latina Artists Are Combating Gender Inequality In Urban MusicRead more News Facebook Report: Women Are Missing In Country Music report-women-artists-songwriters-are-missing-country-music Email The study examines 500 songs on the Year-End Billboard Hot Country charts over the past four years. Perhaps most concerning is that, while 2018’s number, 19 percent, was higher than 2014 and 2017, it was equal to 2016, indicating the situation is not necessarily improving.Percentages of women songwriters on the country charts were equally bleak. When analyzing 200 country songs from the same four-year span, the study found only 12 percent of top-charting country songs were written by women, this compared to 14 percent on the pop charts.Another alarming statistic the study revealed states the average age of top male artists is 42, while the average age of top female artists is 29. “Women are not only disadvantaged in the country market,” the study reads, “But their age illuminates a sell by date that their male counterparts do not experience.”The problem has received increased attention recently. Just last year, GRAMMY winner Carrie Underwood spoke out specifically against the gender gap in country radio. In an interview with Elaina Smith on Nash Country Daily’s “Women Want To Hear Women” podcast, Underwood pointed out the lack of women on country radio has only gotten worse, saying, “Even when I was growing up, I wished there was more women on the radio, you know. And I had a lot more that there are today.”First-time GRAMMY nominee this year Ashley McBryde echoed Underwood’s reflection, saying, “You look at the ’90s, they’re were as many if not more strong female artists as there were strong male artist, and they all got along. Nobody was bitching about one another. I think that’s the wrong way to go. Country music is a big-ass place. There’s room for all of us.”Underwood and McBryde are correct. A 2016 report by Stanford University researcher Devarati Ghosh confirmed that major labels have brought fewer female artists to radio in the 2000s compared to the mid-’90s. In 2017 a report by the Tennessean found the percentage of female-only country songs on the radio has indeed dropped since 2016.The USC Annenberg study follows their 2018 report on gender imbalance in recording studios, which stated just 2 percent of producers and 3 percent of engineers/mixers are women. The Recording Academy Task Force on Inclusion and Diversity have since launched the Producer and Engineer Inclusion Initiative aimed at course correcting the gender imbalance.Modern country trailblazer Kacey Musgraves, whose 2018 album Golden Hour took home the GRAMMY for Album Of The Year plus three more awards in country categories earlier this year at the 61st GRAMMY Awards, addressed gender gap in country in an interview with Billboard last year. Musgraves, who has expressed her vision for moving past the age-old gender barriers in country music.”I’m hoping we can get back to a musical world where talent and uniqueness got you further than politics,” Musgraves said, “Where the quality of a song was what would make you a household name. Can you imagine what that landscape could sound like? What future generations it could inspire?” A new study on the genre’s recent hits quantifies the drastic underrepresentation of female performers and songwriters on the charts and also shows gender imbalance in career longevity Nate HertweckGRAMMYs Apr 8, 2019 – 1:30 pm The picture of female underrepresentation in country music continues to become clearer, as a new study conducted by the USC Annenberg Inclusion Initiative finds only 16 percent of the top charting country songs from 2015-2018 were performed by female artists. Report: Women Artists & Songwriters Are Missing In Country Music Twitter last_img read more

Roku goes mobile to take on Amazon Prime Videos paid channels

first_imgPremium channel subscriptions are Roku’s latest way to broaden itself. Roku Roku, the set-top streaming box maker, is breaking out of the living room for the first time with a service that offers paid premium channels like Showtime and Starz that you can also watch on your phone.  On Wednesday, Roku unveiled Premium Subscriptions, which will launch late this month in a phased rollout. The idea is similar to Amazon Prime Video Channels — a place where you can buy add-on video subscriptions that let you cobble together a sort of personal bundle of internet-delivered TV with one-click purchases. Downsides to Roku’s version? It has fewer channels to choose from at a launch. (HBO is notably absent.) And subscribing via Roku won’t unlock your channels’ dedicated apps. So don’t expect to watch shows and movies in the Starz app via Roku even if you pay for Starz through Roku. The Roku Channel is the only place you can watch them.  Mentioned Above Roku SD Player $239 3:20 Now playing: Watch this: Preview • Roku Player – First Take Share your voice Which Roku player should you buy? See it Commentcenter_img Mobile Digital Media TV and Movies CNET may get a commission from retail offers. Tags Still, this marks Roku’s addition of mobile viewing for the first time, after its lifetime locked in the living room. Roku’s iOS and Android apps will be able to stream shows and movies for the first time. Until now, the Roku app served mostly as a second remote when paired to a powered-on Roku streaming device. But soon the Roku Channel, including any of your subscriptions, will be available on its mobile app in the US. Users will also be able to start a video on a Roku player or Roku TV and pick up from where they left off while on the go. 04-roku-premiere-plusRoku’s Premiere Plus is one of seven streaming devices in the company’s lineup.  Sarah Tew/CNET It’s Roku’s latest expansion beyond set-top boxes. Though the company’s bread-and-butter business is its popular streaming devices, Roku has been reaching into other businesses. It’s booking more advertising revenue through services like the Roku Channel with its ad-supported movies, news and sports, for example. The Amazon video channels model is a ripe target. Amazon is quiet about how the program is faring because Amazon is quiet about everything, but one analyst estimates Amazon is one of the main ways that cordcutters are signing up for paid video subscriptions. Nearly half of Starz’s direct-to-consumer subscribers may be coming from Amazon, according to BMO analyst Daniel Salmon, and HBO and Showtime may be sourcing about a third of their digital subscribers there. (Editors’ note: Showtime is owned by CBS, the parent company of CNET.)Roku versus AmazonThere are significant differences between Roku’s new offering and Amazon’s video channels. For one, you won’t be able to unlock the dedicated apps of services that you subscribe to via Roku, a function known as authentication. Amazon added the ability to authenticate into some of those dedicated apps last year. roku-express-plus-06.jpgUntil this year, Roku’s mobile app mostly functioned as a second remote for its streaming devices.  Sarah Tew/CNET The selection of channels is also slimmer. At launch, Roku is offering more than 25 subscriptions, while Amazon has accumulated more than 100. And Roku didn’t list some high-profile options, like HBO or PBS Kids, among the options it will have at launch. (Neither Amazon nor Roku offer Netflix, the most popular streaming network in the world.)It’s also unclear just how “one click” Roku signups will be. Amazon Prime Video Channels is based on the premise that you’re already a paying Amazon Prime member, so the company has your credit card details all set up. Roku has credit cards details for the majority of its accounts but not all, Rob Holmes, Roku’s vice president of programming and engagement, said in an interview last month. (Roku declined to further clarify the proportion of its monthly active accounts that have credit cards on file.) That leaves a portion of Roku users facing the hassle of tapping in new payment information in order to sign up for subscriptions they can get elsewhere. But like Amazon Prime Video Channels, Roku’s new Premium Subscriptions give you a one-stop hub for your subscriptions paid for with a single monthly bill. People can sign up for seven-day free trials (or longer) using their existing Roku account information. With Premium subscriptions, Roku users will be able to browse their channel’s entire catalogs. Search within the Roku Channel will be expanded, allowing people to search for keywords within the channel. Culture: Your hub for everything from film and television to music, comics, toys and sports.Netflix’s 137M subscribers evaporate fears: Blowout quarter? It’s the kind of formulaic plot Netflix loves. 1 Review • Roku Player Roku Player Amazon Prime Showtime Amazon Rokulast_img read more

ICICI BankVideocon loan case What is the Chanda Kochhar connection

first_imgICICI Bank, Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI BankReutersThe chief of ICICI Bank, the country’s largest private-sector lender, is facing speculation about nepotism and corruption over loans to the Dhoot family-promoted Videocon.While the board of the lender has come out in support of bank’s MD & CEO Chanda Kochhar, concerns still linger.Let’s take a look at the entire controversy surrounding the bank.What’s the issue all about?The issue dates back to 2008 when Videocon’s founder Venugopal Dhoot decided to start a company with Deepak Kochhar, husband of Chanda Kochhar, and two of her relatives.Dhoot held 50 percent stake in the new company, called NuPower Renewables, while Kocchar and her family held the other half.In March 2010, NuPower got a loan of Rs 64 crore from a company called Supreme Energy, owned by Dhoot and then transferred the latter’s ownership to a trust headed by Deepak Kochhar for just Rs 9 lakh, according to The Indian Express.So is there a conflict of interest?The questions of propriety and conflict of interest are being raised as the transfer of the company to Deepak Kochchar happened six months after the Videocon got a loan of Rs 3,250 crore from ICICI Bank, the report by The Indian Express claims.Almost 86 percent of that loan remains unpaid and Videocon account was declared a non-performing asset in 2017.What is ICICI Bank saying?”The board desires to clarify that none of the investors of NuPower Renewables are borrowers of ICICI Bank,” it said in a statement.The lender was one among a consortium of banks that gave loans to Videocon.”ICICI Bank was not the lead bank for this consortium and the bank only sanctioned its share of facilities aggregating approximately Rs 3,250 crore, which was less than 10 percent of the total consortium facility in April 2012,” the bank said.”The board concluded that there is no question or scope of any favoritism, nepotism or quid pro quo.”When International Business Times asked ICICI Bank to respond to media reports, the lender did not comment beyond what it had already stated in its Wednesday’s statement.Full statement of ICICI BankHere is the full text of the ICICI Bank statement: There have been some malicious and unfounded rumours in the past few days casting insinuations on ICICI Bank Ltd. and its MD & CEO. Similar rumours had first surfaced in the mid-2016 and had been appropriately responded to. Nevertheless these have resurfaced in the recent past to malign the Bank.In that context, the Board of ICICI Bank today reviewed the internal processes of the Bank and also the details of the exposure to the Videocon group.1. The Board has noted that the Bank has a well-structured and standardised credit approval process, where multiple independent departments are involved in providing independent credit risk rating, doing credit appraisal, credit approvals and monitoring the proposals. The Bank’s credit approval authorisation framework is laid down by the Board of Directors. The larger exposures are approved by the Credit Committee of the Board. The majority of Credit Committee members are independent directors of the Bank. The Chairman of the Credit Committee, till as late as June 2015, was always a non-Executive Director. Based on the above, it can be concluded that there are adequate checks and balances in loan appraisal, rating and approval processes within the Bank, both from the control as well as from a governance perspective.Given this architecture, no individual employee, whatever may be his or her position, has the ability to influence the credit decision at the Bank.2. With regard to ICICI Bank’s current exposure to Videocon group, the Board also recorded that:In 2012, a consortium of over 20 banks and financial institutions sanctioned facilities to the Videocon group (Videocon Industries Ltd. and 12 of its subsidiaries/ associates as co-obligors) for a debt consolidation programme and for the group’s oil and gas capital expenditure programme aggregating approximately Rs. 40,000 crore.ICICI Bank’s current exposure to the Videocon group is part of this syndicated consortium arrangement.ICICI Bank was not the lead bank for this consortium and the Bank only sanctioned its share of facilities aggregating approximately Rs. 3250 crore which was less than 10% of the total consortium facility in April 2012.After the preparation of the Information Memorandum and the initial due diligence for the financing programme by the lead arrangers and after the sanction of the facilities by the lead bank, the Credit Committee of ICICI Bank in 2012 sanctioned its share of facilities in the syndicated arrangement to the Videocon group.This Committee was chaired by the then Chairman of ICICI Bank and it included independent and working Directors of the Bank. It is important to note that Ms. Chanda Kochhar was not the Chairperson of this Committee.The Terms and Conditions offered for these loans are similar to those offered by the other banks in the consortium, ruling out the possibility of any special benefit to the borrower by ICICI Bank.It is important to note here that all banks including ICICI Bank disbursed the Rupee Term Loan into the common escrow pool account being maintained for this purpose by the lead bank.ICICI Bank’s share of the banking sector’s exposure to the Videocon group was less than 10% while around 90% of the loans were sanctioned by other banks and financial institutions. Hence the Board concluded that there is no question or scope of any favouritism, nepotism or quid-pro-quo.3. The Bank desires to clarify that none of the investors of NuPower Renewables are borrowers of ICICI Bank.4. ICICI Bank is regulated and supervised by various regulatory bodies and authorities. In that context the Bank receives various queries from time to time which are appropriately responded to.On looking at all the above facts, the Board has come to the conclusion that there is no question of any quid pro quo/ nepotism/ conflict of interest as is being alleged in various rumours. The Board has full confidence and reposes full faith in the Bank’s MD & CEO, Ms. Chanda Kochhar. The Board also commends the entire management team under the leadership of the MD & CEO for their hard work and dedication. We would urge you not to be misled by these rumours which are being spread to malign the Bank and its top management.So was Chanda Kocchar not involved in sanctioning loan to Videocon?It’s still not clear but according to the bank, KV Kamath was part of the credit committee that sanctioned the loan.”This committee was chaired by the then chairman of ICICI Bank and it included independent and working directors of the bank. It is important to note that Chanda Kochhar was not the chairperson of this committee,” the bank said.last_img read more

You will not get Budweiser in Delhi anymore heres why

first_img Liquor ban imposed in Mathura Budweiser’s parent company has a $7 billion beer market, making it the second-largest brewery seller contributing about 17.5 percent in the market share. Facebook/ BudweiserBudweiser has been banned in Delhi for three years over allegations of tax evasion. The decision was taken after the state government completed a thorough investigation of beer maker SABMiller.The investigation put forward observations where the company was found guilty of using duplicate barcodes on the bottles allowing the company to pay lower levies. AB InBev has denied all the allegations and claimed that it would appeal against the ban, Reuters reported.The order also called for the sealing of two Ab InBev warehouses in Delhi which was completed on Tuesday. The company has been barred from selling fresh stock in the market. [Representational image]Creative Commons.AB InBev countered the government’s decision by stating that the allegations were related to SABMiller prior to its takeover and claimed for a fair hearing after allowing the company to present its views in full cooperation with the excise appellate process.An investigation brought out observations that there were bottles with the same barcode at a bar. However, the brewer argued the allegations quoting technical and clerical error in the barcode system. The government stated that it was reasonable to believe that the barcode tampering was a way of selling non-duty paid liquor. IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/1:43Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:43?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Closelast_img read more

UN chief to brief Security Council on Myanmar on Thursday

first_imgAntonio GuterresUnited Nations Secretary-General Antonio Guterres will publicly brief the Security Council on Thursday on violence in Myanmar, which he has described as ethnic cleansing, after seven countries on the 15-member body requested the meeting.Sweden, the United States, Britain, France, Egypt, Senegal, and Kazakhstan requested the meeting.In preparation for Thursday’s public meeting, the council will be briefed behind closed doors on Tuesday by U.N. political affairs chief Jeffrey Feltman, diplomats said.Some 436,000 Rohingya Muslims have fled to Bangladesh from Myanmar since Aug. 25, when attacks by Rohingya militants triggered a military crackdown.U.S. President Donald Trump wants the U.N. Security Council to take “strong and swift action” to end the violence, Vice President Mike Pence said last Wednesday.The council has already met twice behind closed doors since the Rohingya crisis began and earlier this month issued an informal statement to the press condemning the situation and urging Myanmar authorities to end the violence.Diplomats say the Security Council could consider adopting a formal statement if the situation does not improve, but China and Russia are unlikely to agree to stronger action that would require the adoption of a resolution they could veto.A Security Council resolution would need nine votes in favor and no vetoes by Russia, China, the United States, Britain and France.Myanmar said earlier this month it was negotiating with veto powers China and Russia to ensure Myanmar would be protected from any Security Council action.last_img read more

8yearold girl raped in city

first_imgAn eight-year-old girl was allegedly raped in the city’s Sabujbagh on Friday, reports UNB.Police arrested a 50-year-old man, Alam alias Forma Alam, over the incident, said Mafizul Alam, inspector (Investigation) of Mugda police station.Victim’s mother claimed that their neighbour Rob, 50, seduced her daughter for going to his rented house at Dakkhingaon in the area around 9:00am where he raped her with the help of Alam.The victim narrated the brutality to her mother when she asked her as she was bleeding profusely.The girl was first taken to Mugda Hospital and later shifted to Dhaka Medical College Hospital, Mafizul said, adding that they were trying to arrest the rapist, Rob.last_img read more

Bangladesh is like my second home Bhutan PM

first_imgBhutanese prime minister Lotay Tshering addresses the Pahela Baishakh celebration, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PIDVisiting Bhutanese prime minister Lotay Tshering on Sunday also joined the colourful Pahela Baishakh celebration, the first day of Bengali New Year, in the capital, reports BSS.The Bhutanese prime minister attended one of the “Naba Barsha (new year)” celebrations jointly organised by Shurer Dhara, a cultural organisation and Channel-i, a private television channel, at Bangabandhu International Conference Centre (BICC) in Dhaka this morning.Tshering, accompanied by speaker Shirin Sharmin Chaudhury and foreign minister AK Abdul Momen, was mesmerised by the performance of Shurer Dhara led by internationally acclaimed singer Rezwana Chowdhury Bannya.After enjoying different songs, one in Bhutanese language, Lotay greeted the people gathered on the occasion to celebrate Bengali Happy New Year.Bhutanese prime minister Lotay Tshering (R) enjoys cultural programmes to celebrate Pahela Baishakh, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PIDHe expressed his happiness as he was able to join the biggest festival of Bangalees. “I would like to greet you happy New Year from deep of my heart,” he said in Bangla.Tshering had received his MBBS degree from Mymensingh Medical College under foreign student quota and underwent postgraduate training in different medical institutes in Dhaka afterward.Bhutanese prime minister Lotay Tshering (R) takes part in a photo session at a cultural programme to celebrate Pahela Baishakh, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PID“I spent seven years in Mymensingh and four years in Dhaka …. Bangladesh is as like my second home,” Lotay said.Later, the foreign minister told newsmen that when Bhutanese Prime minister was scheduling his visit here, Bangladesh proposed him to come here during the Pahela Baishakh. “He (Lotay) keenly accepted the proposal and rescheduled his visit,” Momen added.last_img read more

Tonight AFROs First Edition with Sean Yoes Wed September 6

first_imgListen at WEAA Live Stream: http://amber.streamguys.com.4020/live.m3uAs the process to select Baltimore’s independent monitor for the DOJ consent decree winds down, we’ll discuss the candidates for this vital position with former Baltimore City Councilman Carl Stokes, and Marvin “Doc” Cheatham, CEO of the Matthew A. Henson Community Development Association. Plus, The Mod Squad, Taya Graham and Stephen Janis of The Real News Network, report on law enforcement and politics.These stories and much more on AFRO’s First Edition with Sean Yoes, Monday through Friday, 5-7 p.m.last_img read more

UK cable platform Virgin Media has launched a new

first_imgUK cable platform Virgin Media has launched a new games service that allows its subscribers to play games on the TV.The MSO, which was acquired by Liberty Global earlier this year, has teamed up with TV technology firm Two Way Media to roll out Play Games.The portal allows the 1.5 million Virgin subs with a TiVo settop to play casual games.Creators of casual games, meanwhile, are being encouraged by Virgin and Two Way to work to integrate, test, host, launch and monetise games on TiVo using its Two Way’s game framework, which it claims can make Flash games ready for the platform in under a week.Games available on the service now include Who Wants to be a Millionaire? and Scooby’s Creepy Cake Factory.Two Way Media chief executive James Turner said: “Virgin Media’s TiVo platform makes it very easy for their customers to find and play games, and their growing subscriber base provides an excellent opportunity for developers to generate meaningful revenues from their games.”last_img read more

LG has unveiled what it claims is the worlds firs

first_imgLG has unveiled what it claims is the world’s first 88-inch 8K OLED display as the company affirmed its commitment to the high-end TV market.LG will showcase the 8K display at the Consumer Electronics Show in Las Vegas next week and said that the 8K panel offers higher resolution without compromising brightness.The OLED display will offer 33 million pixels (7680×4320) – 16 times more than full HD (1920×1080) and four times more than Ultra HD (3840×2160).“The successful development of the world’s first 8K OLED display is a milestone for the 8K era and underscores the exciting potential of OLED,” said In-Byung Kang, executive vice president and chief technology officer at LG Display.“OLED is clearly a next-generation technology leader and for this reason, LG Display is accelerating its research and development into OLED so that we can provide differentiated products to customers and markets.”LG Display’s booth will be found at N228 in the North Hall Meeting Room of the Las Vegas Convention Center during CES, which runs from January 9-12.last_img read more