(Report by Menaka Indrakumar for Colombo Gazette) Two police teams had been deployed to investigate the murder of a Tamil man in Colombo last night.The police suspect a job agency was behind the murder of the man whose body was found in Bambalapitiya. The 37 year old victim had visited the job agency in Wellawatte last night to seek a reimbursement of the money he had paid to be sent to Britain. A resident of Batticaloa, the victim had gone to the agency on Thursday night but was later found dead near Hindu college in Bambalapitiya with stab wounds.He was temporarily staying in Welempitiya and was going to reunite with his wife in Britain, the police said. Bambalapitiya police inspector Anusha Rupasinghe said that an investigation is now underway on the job agency. He had paid over Rs. 1 million to the agency to be sent to Britain for employment but the agency could not secure him the job.
A protest is to be staged at Lipton Circus on Saturday against the visit by the United Nations High Commissioner for Human Rights Zeid Ra’ad Al Hussein.Zeid Ra’ad Al Hussein is scheduled to arrive in Sri Lanka on Saturday for talks and will be in the country till Tuesday. Posters have been pasted at several locations calling for support to protest against Zeid Ra’ad Al Hussein’s Sri Lanka visit.Hussein is being accused of attempting to push for international action against the army over alleged war crimes. (Colombo Gazette)
NEW YORK, N.Y. – A jump in Exxon Mobil’s net income couldn’t mask broader problems for America’s largest oil company.The Irving, Texas petroleum giant said its second-quarter net income rose 49 per cent to $15.9 billion. But most of the gain came from $7.5 billion in asset sales.Otherwise, it was a challenging quarter. Exxon Mobil produced less oil and natural gas, and it sold both at lower prices. Exxon’s chemical factories also posted weak sales in Asia and Europe, where the economy slowed. All told, Exxon’s operating profit of $8.4 billion was the lowest since the third quarter of 2010, and it fell well short of Wall Street expectations.Shares rose more than 1 per cent Thursday, but that was due to an increase in oil prices for the day.The fortunes of Exxon Mobil and other petroleum companies mostly swing with the price of oil and natural gas. And the second quarter was tough for every one of them. Benchmark U.S. crude prices fell 8.8 per cent in the period while natural gas prices dropped by 46.2 per cent.Declining prices also lowered second-quarter profits at Royal Dutch Shell, Occidental Petroleum Corp. and ConocoPhillips. Chevron Corp. will release its financial results on Friday, and BP will report next week.Exxon said it will press ahead with its aggressive plan to explore for more oil and gas, even though prices are falling. Exxon announced earlier this year that it plans spend $37 billion annually over the next five years to find new energy sources around the world.Exxon and other oil companies expect oil demand to rise, even though the current global economy is sputtering. New sources of oil are tough and expensive to find, and Exxon and others are not letting up on the throttle yet.“Despite global economic uncertainty, we continue to invest throughout the business cycle taking a long-term view of resource development,” Chairman and CEO Rex Tillerson said.Exxon expects production to fall in 2012. But output should rise again next year as Exxon’s Kearl oil sands project comes online in Canada, Raymond James analyst Pavel Molchanov said.In the second quarter, Exxon’s financial results were propped up by a big gain from the sale of its stake in a Japanese fuel and lubricants business. The $3.9 billion deal, announced in January, boosted profits for Exxon’s international refining and chemicals businesses in the second quarter.Overall, Exxon Mobil’s net income amounted to $3.41 per share for the April-June period. A year earlier, Exxon earned $10.7 billion, or $2.18 per share. Revenue increased during the quarter by 1.5 per cent to $127.4 billion.Meanwhile, Exxon’s core oil and natural gas production business suffered. Total production fell by 5.6 per cent, when compared with the same part of 2011.Lower oil and natural gas prices did help some parts of Exxon’s global operation. Its refineries were able to buy cheaper oil, and lower natural gas prices made it less expensive to power some of their equipment. The company also was able to sell gasoline at higher prices in some parts of the U.S.Exxon’s U.S. downstream business, which includes refineries, increased profits by 14 per cent in the period. Profits fell for its U.S. chemical manufacturing business by 21 per cent. Exxon Mobil hit by lower production and energy prices in 2Q by News Staff Posted Jul 26, 2012 7:35 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
Jack Mintz by Jonathan Muma Posted Aug 3, 2017 1:31 pm MDT Last Updated Aug 3, 2017 at 1:33 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Canada’s economy is at risk of sputtering out if private investment doesn’t pick up.That’s according to Jack Mintz, the President’s Fellow of The School of Public Policy at the University of Calgary.The economist said the termination of the $36-billion Pacific Northwest Liquefied Natural Gas project is another troubling sign, but added oil and gas is just the tip of the iceberg.“Even in the services sector, we’ve had relatively low investment in the past number of years,” he explained.Mintz said federal and provincial governments need to address it, but they haven’t been helping so far.“Governments have been piling on,” he stated. “They’ve been putting up taxes, especially adding to regulations and making them more costly.”Mintz pointed out the private investment rate relative to GDP between 2010 and 2015 in Canada compared to the OECD was only better than Greece, and if you take out the resource sector, it’s worse. (Stock photo: Pexels.com) Economist warns lack of private investment could create problems for Canada
“School violence and bullying is a grave violation of the right to education,” said Irina Bokova, Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), the agency that oversaw the report and co-organized an international symposium on the subject now underway in Seoul, Republic of Korea. The report found that all children and adolescents are at risk of school violence and bullying, but bullies target vulnerable factors, such as poverty or social status associated with ethnicity, linguistic or cultural differences, migration or displacement. Children who were disabled or looked different, such as being overweight or underweight, were also a prime target for bullying. Young people whose sexual orientation, gender identity or expression does not conform to traditional gender norms are also at increased risk of school violence and bullying, the UN agency reported. An estimated 246 million children and adolescents experience school violence and bullying in some form every year harming the physical health and emotional well-being of the child.Among other aspects, the authors looked at where school violence and bullying occurs. For example, physical aggression is more frequent in primary school, whereas cyberbullying takes place more in middle through secondary school.The report was presented at the International Symposium on School Violence and Bullying: From Evidence to Action, co-organized by UNESCO and the Institute of School Violence Prevention at Ewha Womans University.Speaking to UN News, Christopher Castle, the UNESCO focal point for the Symposium, said bullying has been “neglected or overlooked for far too long.” He credits the Sustainable Development Goals (SDGs) for bringing the issue to discussions. A target of Goal 4 is to “provide safe, nonviolent, inclusive and effective learning environments for all.” “People are now waking up to the fact that when children are in school and in order for them to learn and get a good quality education, they need to have an environment that’s conducive for them to learn which means bullying and school violence is really incredibly unhelpful,” Mr. Castle said. AUDIO: Christopher Castle, UNESCO focal point for International Symposium on School Violence and Bullying.In addition to today’s report, the Symposium is also an opportunity for the 250 participants from 70 countries to discuss the 2016 UN Secretary-General’s report on protecting children from bullying. Read more about the Secretary-General’s report and the work of his envoy on the issue , Marta Santos Pais.
Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Halewood switches to 24-hour manufacturing for the first time in its 50 year history.Extra shift signals global attractiveness of UK-built products like new Evoque.Jaguar Land Rover has introduced a third shift at its thriving Halewood plant, which manufactures the Freelander 2 and Range Rover Evoque models. The plant will now operate around the clock production to cope with rising global demand for its new Evoque model.The move will take production at Halewood to 24 hours for the first time in its history and demonstrates the global appeal of the new Range Rover Evoque, with nearly 88,000 vehicles sold in more than 170 markets.Des Thurlby, HR Director at JLR said, “With 4,500 employees, JLR Halewood has trebled its workforce in just three years – and the size of the workforce is now the highest it has been for 20 years. As well as creating new jobs, our on-going global success means we continue to have a positive economic impact in the North West and throughout the UK supply chain.”Richard Else, Halewood Operations Director, said, “Our new recruits have worked hard during their assessments and extensive induction training. Many have also worked a number of trial night shifts during July, to ensure we get off to a great start today. I am delighted to welcome our new colleagues as they come on-board to help us meet customer demand for the Range Rover Evoque and Land Rover Freelander.The news follows JLR’s announcement earlier in the year to create over 1,000 new jobs at Halewood, raising skills levels with the recruitment of production operators, supervisors and engineers. The boost in activity at the plant is set to create significant opportunities in the UK automotive supply chain, opening up thousands more jobs in the local economy.To read more about the major opportunities for the UK automotive supply chain, click here. Click through, for a full list of recent investment announcements in UK automotive.
The Brock University Wind Ensemble is ready to serve up a feast for the soul.The group will take to the stage at the FirstOntario Performing Arts Centre on Tuesday, April 4 beginning at 7:30 p.m.Under the baton of conductor Zoltan Kalman, the ensemble features 60 talented musicians from Brock University, local elementary and high schools, and the broader music community.Music for the Soul will also feature musicians from Burlington’s Symphony on the Bay, as well as the Niagara Symphony.“Our concert features a captivating mix of classical, romantic and easy listening works that will highlight the brilliance and versatility of the Brock University Wind Ensemble,” Kalman said.“From the amazing love story of ‘Romeo and Juliet’ to the high energy ‘A Weekend in New York’ this evening aims to capture the celebration of love, power and passion.”Tickets for Music for the Soul are $10 for adults and $5 for children 14 and under.Current students of the Marilyn I. Walker School of Fine and Performing Arts may each redeem a complimentary ticket with valid ID.Tickets are available through the FirstOntario Performing Arts Centre Box Office by phone at 905-688-0722, online at firstontariopac.ca or at the door.
Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. There are many positive stories to tell and having identified this issue which is stopping so many female founded businesses thriving the Telegraph will continued to press for progress – championing hard work and talent where we find it.In this video, released on International Women’s Day 2019, Claire Cohen takes a look back at the successes of the last twelve months as the Government publishes its review. A year ago The Telegraph launched the Women Mean Business campaign to shine a light on the shocking funding gap experienced by British female entrepreneurs as they endeavour to launch their own businesses. Start-ups run by women receive just nine per cent of venture capital funding despite the fact around a third of businesses in the country are female-owned. Just 24 hours after we launched our campaign, the Government announced a serious review into the issue – the Treasury calling it “incredibly important”. Those findings were published in September and the Government went on to commission an independent review into the challenges facing women in starting and growing their own enterprises, led by Alison Rose, deputy CEO of Natwest. Today, the results of the ‘Rose review’ are published, making the first ever recommendations to Government about what it needs to do to help women entrepreneurs in Britain succeed. Because women are not a minority group – and when they flourish, so do we all. It is estimated that up to £250bn of new value could be added to the UK economy if barriers to success are removed and women start and scale businesses at the same rate as men.
Anglo Platinum has welcomed the release of a report by the South African Human Rights Commission (SAHRC) that examines the potential human rights impacts of mining on poor communities. The SAHRC has produced some useful recommendations about identifying and mitigating the risks of human rights violations associated with the resettlement of communities.‘While we are pleased that the report makes no findings of violations of the law or human rights, the SAHRC has drawn attention to some of the hidden vulnerabilities of communities and residents around large-scale mining projects,’ says Mary-Jane Morifi, Head of Corporate Affairs at Anglo Platinum. ‘We will give serious consideration to the SAHRC recommendations regarding complaints mechanisms, better community representation, more effective communication with affected communities, human rights impact assessment and the importance of building the knowledge and capacities of all the key players in a resettlement.’‘The SAHRC has made a valuable contribution to current debates around business and human rights in South Africa, and recommended ways that we can better protect the rights of poor and vulnerable people.‘This is an important report that will not only help guide our own business practices, but will serve as a reference for others in the mining industry engaging in similar large-scale projects in the future.’ ‘This is a detailed and far-reaching report that needs to be studied. We shall be engaging the SAHRC, government officials, local communities and other stakeholders in discussing how to move this debate forward.‘Partly because of the length and intensity of consultation with the affected communities, the resettlement was planned over many years and was designed in advance of the publication of some key pieces of international guidance – such as the IFC Performance Standard, which would now form the benchmark for any Anglo American resettlement. Following publication of the Ruggie Report on business and human rights, we also have work under way on designing appropriate grievance mechanisms going forward.’‘We have common ground with the Commission in our belief that mining should enhance the capacities and livelihoods of the communities where we work and we are committed to the goal that resettlement should improve the opportunities available to the affected communities. We believe that this will prove to be the case at Motlhotlo where the great majority of households have chosen to relocate and now have greatly enhanced housing, schools, health facilities and land. We accept that there is much still to do and we hope that the Commission’s report will help all concerned to resolve outstanding issues.’
In most cases talented people end up getting highlighted in the press usually for their achievements. When that person is a child, obviously the excitement surrounding their achievements is heightened. That was certainly the case for Arfa Karim Randhawa, who at just 9 years old became the youngest ever Microsoft Certified Professional (although a boy of 8 now holds that crown). Her achievement back in 2005 was amazing, especially considering how tough the MCP program can be, and that before her only a few gifted teenagers had managed to become one. Her certification also earned her a trip to Redmond where she met Bill Gates and asked him why there weren’t more women working there, and why Microsoft didn’t employ anyone of her age. She certainly left an impression and was a talent for the future. Quite probably a future Microsoft employee too.So it’s with sadness that we have to report that late last week Arfa passed away in hospital aged 16. On December 22 last year she suffered an epileptic seizure and cardiac arrest, and then slipped into a coma. At first her prognosis was very poor, but then in early January doctors expressed hope she may recover. Microsoft also got involved, hiring doctors to look at her condition and see if anything could be done beyond the facilities and expertise in the Pakistan hospital where she was recovering. Unfortunately, that hope was short lived and she died on Saturday night in the Combined Military Hospital, Lahore. There was a complication with her tracheotomy tube that lead to bleeding in her throat. She was moved to the emergency room, but did not survive despite the doctor’s best efforts.Although Arfa’s life was cut short, she showed so much potential and achieved more than most children do during the same period of their lives. If nothing else she should be held up as an example of what is possible and how talent and learning should always be encouraged from a very early age.Read more at Digital Life
NFC-based payment systems have been slowly sneaking their way onto smartphones around the world for a while now. Google Wallet, having just recently updated their app to support more card types, seemed like a great idea until carriers started blocking it. It wasn’t all that long ago that MasterCard was unveiling their own mobile and web payment system, geared towards offering benefits to the MasterCard customer base. We’ve seen demonstrations on and off from ISIS, but there’s been no real movement on that system for some time now, despite the wealth of support and interest. Now it looks like Visa is getting ready to roll out an NFC-based payment system, joining the increasingly crowded mobile payment space.During one of the “Postcards from London” videos Visa has done in celebration of the London 2012 Olympics, Visa demonstrated contactless payment on a smartphone. Specifically, Visa’s video demonstrated a purchase being made at one of the many locations in the Olympics that accepts payment with a Samsung Galaxy S3. The smartphone is running a special version of the unreleased Visa PayWave app, which works using the PayWave infrastructure Visa already has with keyfobs and contactless cards. During the video, Visa announced that they will be offering the service in the US by the end of this year, pending some agreements with mobile carriers in the states.There’s no telling how far Visa will get with their deployment at this point. Verizon has blocked everything that isn’t the non-existent ISIS service, and AT&T and T-Mobile both have sketchy relationships with Google Wallet. Some phones are allowed to have it and others aren’t, while Sprint includes Google Wallet with everything they can fit the app on to, which might indicate an exclusivity agreement with Google.Over the next year, these payment operators are going to start offering these services more aggressively, and it will be interesting to see who comes out on top. If it means more of the readers installed at more locations around the world, the user adoption rate would skyrocket.
Parrot is no stranger to the world of consumer drones. It’s produced various quad-rotor aircraft over the years, but now it has created a new drone that offers the best features of helicopters and planes. Oh, and it looks like an X-Wing. This thing is just begging for a Star Wars product tie-in. Please, Disney.The Swing (which was apparently code named X-Wing) is still a quad-rotor craft. It takes off vertically like Parrot’s other drones, but it doesn’t have to fly that way. If you push forward on the joystick the drone tilts forward and uses the polystyrene wings to fly like a plane. You lose the ability to hover in this mode, but the lift from the wings should make flight more efficient and faster. This is probably going to be the preferred method of flight for the Swing as the large surface area of the wings will make it especially susceptible to wind when flying in vertical mode.Unlike many of Parrot’s drones, the Swing comes with a dedicated controller rather than relying on a smartphone screen. Your phone docks to the controller and connects over Bluetooth. Parrot says the drone will work up to 300 feet away, allowing you to take the drone quite high. That’s serious range for Bluetooth. It’s not clear how Parrot is pulling that off.Parrot isn’t giving up on traditional quadrocopter drones. It also announced a few of those alongside the Swing too. The X-Wing lookalike is what everyone’s going to be clamoring for, though. The Swing will retail for about $155.
Joey Janela comments on backstage incident with Big Cass at WrestlePro Event Joan Jett Set To Perform Ronda Rouseys Entrance At WrestleMania 35 WhatsApp Roman Reigns is in Remission Kurt Angle Former WWE star Brian Kendrick, former TNA Knockout Santana Garrett (Brittany) and former TNA star Crimson were all backstage at last night’s NXT Takeover event in Winter Park, Florida. Kendrick is getting a tryout as a potential trainer for the Performance Center. As reported earlier, Crimson will be getting a tryout with WWE shortly.Source: The Wrestling Observer/Figure Four OnlineRecommended videosPowered by AnyClipSeth Rollins Defends WWE On Two Separate OccasionsVideo Player is loading.Play VideoPauseUnmuteDuration 0:30/Current Time 0:04Loaded: 100.00%0:04Remaining Time -0:26 FullscreenUp NextThis 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.Replay the list Seth Rollins Ronda Rousey On WWE: I Love This Job, But I Dont Need It Videos Articles Videos Articles WALTER and Kassius Ohno set to compete at EVOLVE 135 and 136 Live Events Now Playing Up Next Now Playing Up Next Now Playing Up Next Facebook Now Playing Up Next Ronda Rousey Highlighting WWEs Problems Google+ Now Playing Up Next Videos Articles Pinterest Twitter Adam Martin RELATED ARTICLESMORE FROM AUTHOR Seth Rollins Defends WWE On Two Separate Occasions Cesaro 9/13 NXT Live Results: Cocoa, FL (Dain vs. Kushida, NXT North American Title Match)
WOODLAND — Woodland city councilors voted to hire Jeff Cavender as chief of the Woodland Police Department at Monday’s meeting. The appointment is contingent on Cavender passing a background check, polygraph test and psych exam, which are scheduled to be completed by April 26, according to City Administrator Pete Boyce.If Cavender passes all those tests, he will start in Woodland on May 8.Cavender has served as chief of the Momence Police Department in Momence, Ill., since 2013. Prior to taking over the Momence department, he worked as chief for the Village of Grant Park in Grant Park, Ill., and served for nearly 24 years with the Village of Orland Park Police Department in Orland Park, Ill., according to the Momence Police Department’s website.With Woodland, Cavender would make $98,855 a year, the same as the previous chief, according to the agreement voted on by city councilors. He would take over for Garry Lucas, the interim police chief, who was hired after Phil Crochet retired last year.
In their first match of 2019, Juventus continued their unbeaten run in the Italian Lega Serie A as they beat Bologna 2-0.And for Douglas Costa, this result means a lot, as they can focus on the start of the new year.“I’m delighted. It was important for us to play well in our first game back after the break,” the Brazilian told the Juventus’ official website.Maurizio Sarri satisfied despite Juventus’ draw at Fiorentina Andrew Smyth – September 14, 2019 Maurizio Sarri was satisfied with Juventus’ performance on Saturday afternoon after finishing a tough game at Fiorentina 0-0.“It wasn’t an easy match and the pitch wasn’t in the best condition either but we stayed focused on the task and won in convincing fashion.”“It’s all about doing your bit for the team and that’s what I’m here for,” he commented.“Now we’ll prepare to face AC Milan in a hugely important match. The first piece of silverware is on the line and we must be fully focused.”
BOSTON, MA — Wilmington Elderly Services Director Terri Marciello was recently named one of the state’s “Unsung Heroines” by the Massachusetts Commission on the Status of Women for her valuable, yet sometimes unnoticed, contributions to Wilmington.Marciello, who has served as the town’s Elderly Services Director for 21 years, was honored in a ceremony at the State House on Tuesday, June 18, 2019.According to the Commission, “the Unsung Heroines are women who don’t always make the news, but truly make the difference. They are the women who use their time, talent and enthusiasm to enrich the lives of others and make a difference in their neighborhoods, cities and towns. They are mentors, volunteers and innovators who do what needs to be done without expectations of recognition or gratitude. These women are the glue that keeps a community together and every community has them.”Wilmington’s State Senator Bruce Tarr (R-Gloucester) nominated Marciello for the honor. Tarr and Wilmington’s State Representative David Robertson (D-Tewksbury) was at the ceremony to honor Marciello.“The Unsung Heroines are women who don’t make the news, but make a big difference. Terri Marciello of Wilmington is a perfect example of the women in every community of the state that perform unheralded acts on a daily basis that make our homes, neighborhoods, cities, and towns better places to live,” wrote Robertson in a statement to Wilmington Apple. “She’s used her time, talent, spirit, and enthusiasm to enrich the lives of others in their community. She is a mentor, volunteer, and innovator who strives to protect and represent the interests of seniors, victims of violence, children, immigrants, and other vulnerable populations. She is the glue that keeps a community together, and I’m glad she was recognized for her years of selfless work.”Marciello follows in the footsteps of several other recent Wilmington recipients, including Selectwoman and WOW founder Jomarie OMahony, former Historical Commission Chair Carolyn Harris, the late Superintendent Joanne Benton, “Heaps of Hope” founder Holly Walton, and teacher Donna Murphy.Terri Marciello receiving her citation with State Senator Bruce Tarr, State Representative David Robertson, Town Manager Jeff Hull, Town Administrative Assistant Beverly Dalton, and family. (Photo courtesy of State Rep. Dave Robertson’s Office)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… RelatedIT’S OUR TURN: Wilmington Seniors Speak Out In Favor Of A New Senior CenterIn “Government”VIDEO: Wilmington Senior Center Holds Annual CookoutIn “Cookout”SELECTMEN NOTEBOOK: 5 Things That Happened At Last Week’s Selectmen’s MeetingIn “Government”
Jailed Sahara chief Subrata Roy failed to submit a bank guarantee of ₹5,000 crore, a condition set by the Supreme Court for his release.The Sahara Group chief will remain in jail as long as he fails to produce the bank guarantee.The court has ordered Roy to deposit ₹10,000 crore for his release. The court asked him to pay half the amount in cash and remaining half as bank guarantee. Roy had already deposited ₹5,120 crore in cash before the court, NDTV Profit said.The Lucknow-based financial services group, which has a presence in media, real estate, hospitality and entertainment, failed to furnish the guarantee as a bank withdrew from providing it at the last minute.Roy, a high-profile business leader, has been behind bars following Sahara’s failure to comply with a court order to return the money to investors it had raised through an illegal bond programme.The Supreme Court said that the Sahara Group has to refund nearly ₹36,000 crore to bond investor in 9 instalments in the next 18 months.The court also said Roy and two other directors of Sahara will be again taken into custody if he defaults on paying on any three instalments.The court has also ordered the accused to submit their passports and prohibited them from travelling abroad without taking permission from the court.However, the conditions will come into effect only after they produce the bank guarantee.
An employee works on electric pylons at a power station in Greater Noida on the outskirts of New Delhi June 8, 2012 (Representational Image).Reuters fileGreenko, one of the leading operators of clean energy projects in India, is in talks with Reliance Infrastructure to acquire the company’s power business in Mumbai.Anil Ambani-led Reliance Infrastructure’s shares surged more than 6% after Greenko showed interest to buy the business for an enterprise value of $ 1.75 to 2 billion (Rs 10,000 – 13,000 crore), Economic Times reported.Two years ago, Reliance Infrastructure wanted to sell 49 per cent stake in the business to Public Sector Pension Investment Board (PSP Investments) of Canada, but the deal fell through.An electricity company in Hong Kong, China Light and Power Co. (CLP), has also evinced interest in the business. Greenko is the frontrunner to close the deal, however.Spokespersons of Reliance Infrastructure and Greenko declined to comment on the developments.”India is a primary growth market for CLP Group and the company has built its portfolio steadily for the last 15 years. In line with its growth strategy, the company routinely evaluates different opportunities. The matter in question is speculative and as a policy, we don’t respond to market speculation,” a CLP spokesperson told Economic Times.India’s power needsThe power demand in India will likely cross 300 GW in the next ten years. To meet the surging demand, India has to increase the pace of capacity addition by fivefold to tenfold, according to a McKinsey report.Analysts said if India continues to grow at an average rate of 8 percent for the next 10 years, the country’s demand for power will soar from the current 120 GW to about 315-335 GW by 2017, which is about 100 GW higher than recent estimates.The Indian government is also taking steps to boost power generation in the country. The centre had proposed to extend power subsidy of Rs 1,600 crore to another financial year. ReutersAt present, those consuming up to 400 units get 50 percent subsidy.Earlier this month, Power Minister Piyush Goyal said India could also be the first nation to replace all light sources with Light Emitting Diode (LED) lights by 2019.If that happens, it could help the country save $ 400 billion (Rs 40,000 crore) every year.
Kolkata: The Kolkata Municipal Corporation (KMC) authorities have suspended a deputy chief municipal health officer of Borough 4 for dereliction of duty. Smita Bakshi, chairperson of Borough 4 along with some councillors of the borough, had complained that the deputy chief municipal health officer was not conducting the outreach camps under the National Urban Health Mission properly. The KMC officials conducted an inquiry and suspended him. It may be mentioned that to improve work culture, the civic authorities have installed biometric attendance of the employees at the KMC headquarters at S N Banerjee Road. The biometric attendance will be installed in phases. Finally, it will be installed in the KMC offices in the boroughs as well. Mayor Firhad Hakim said the work culture of the civic authorities has improved over the past few years but it needs further improvement.
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