Power sector utilities NTPC and Power Grid Corporation of India Ltd. (PGCIL) gained more than 3 percent on the Bombay Stock Exchange (BSE) on Thursday morning, driving the rally on Sensex and Nifty. PGCIL was up 4.48 percent to Rs 198, while NTPC shares were trading 3.25 percent higher at Rs 170 apiece.A few days ago, PGCIL had awarded a $640 million contract to ABB for 1,830-km (1,137-mile) power link in India to connect thermal and wind power plants with the country’s growing urban areas. The system will have the capacity to supply electricity to about 80 million people after completion in 2019, according to ABB. Read: India’s consumer inflation for December estimated at 3.6%, says DBS BankThe BSE Sensex was trading at 27,248, up 108 points, or 0.40 percent, while the NSE Nifty was up 25 points at 8,405. The day would be action-packed for markets for two reasons — the government will be releasing December 2016 provisional data for consumer (retail) inflation after trading hours and IT software services company Tata Consultancy Services (TCS) will be declaring its December quarter results. TCS shares were trading flat at Rs 2,317 apiece.Power generation details for December 2016The Central Electricity Authority (CEA) said that conventional power generation for December 2016 rose 6.18 percent YoY spanning thermal, hydro and nuclear energy. In case of thermal, the increase was 7.04 percent. The overall power generation for the April-December 2016 period was up 5.1 percent when compared to power generated during the corresponding period last financial year, according to the CEA.Rupee gainsThe Indian rupee opened 17 paise higher at 68.15 to the US dollar on Thursday.Benchmark bond yieldOn Wednesday, the yield on government debt due in September 2026 lost marginally to close at 6.39 percent.Earlier, in its pre-opening note, Geojit BNP Paribas Financial Services had said that Indian stock markets would open on a higher note tracking their Asian counterparts. “On Thursday, Asian markets opened on a mixed note. Japan’s Nikkei is down by around 0.9% and Shanghai down 0.08%. Indian markets are expected to open on a positive note tracking SGX Nifty, which is indicating up 0.33%, will watch India’s IIP and CPI data today.”
Cori GauffTwitter/WimbledonIn one of the biggest upsets that Wimbledon has witnessed, Cori Gauff, known as Coco to her friends, an American whose age, 15, is less than the length of Venus Williams’ career, knocked out the latter in the very first round of the grass court Grand Slam. So, who is this lady who has suddenly catapulted herself into the spotlight? Let’s learn a few things about her.To begin with, the teenage prodigy hails from Georgia but has been raised in Florida. She has good sporting pedigree. Her father had been a basketball player at university level and her mother had been a gymnast in Florida State University. The precocious talent had been identified as a potential future great even before her famous win over Venus.The company that manages her – Team 8 – was created by Roger Federer and his agent Tony Godsick. Federer commented on her before her match and expressed his delight at the progress being made by the rising star. “I’m super happy for her. I saw the last couple of games when she qualified. Obviously everybody was waiting to see what the draw was going to be like. I think that’s fascinating, that she plays Venus now. It’s a great story. Coco is a nice girl, works really hard. I think she’s obviously got a wonderful future ahead of herself,” the 20-time Grand Slam winner said. Cori Gauff after her victory of Venus WilliamsTwitter/WimbledonHer victory over Venus had an irony to it. It were the Williams sisters that inspired Coco to take up tennis and aim to be a champion. She expressed her fanfare for Venus before facing her in the first round. “I have nothing to lose, playing against one of the greatest players of all time. I’m just super honoured that I get to share the court with her. Not many people get to play Wimbledon at 15 so I’m just happy that I’m one of them,” the young lady remarked in an interview to American network NBC prior to her match.Her excitement at having achieved a victory against one of her idols was fully expressed after the match. She told BBC: “Honestly I don’t really know how to feel. That’s the first time I have ever cried after winning a match. I don’t even know how to explain how I feel. I had to tell myself to stay calm, I have never played on such a big court. I had to remind myself of the lines on the court. Everything around it might be bigger, but the lines are the same.”She just told me congratulations and to keep going and good luck. I told her thank you for everything. I wouldn’t be here if it wasn’t for her, she is so inspiring and I always wanted to tell her that, even though I met her before I didn’t have the guts to tell her then.”Even the most successful tennis player of the current generation and younger sister of Venus, Serena Williams expressed her admiration for the teenager before the match. “She’s so cool. She’s a great girl. I love her dad. They’re just really cool people. It’s a great moment for her and for Venus. She’s playing against a player that actually reminds me of Venus. I think I might, might watch. I always get nervous watching Venus.”
NCC Bank chairman Mosleh Uddin. File photoBangladesh Bank has detected a significant sum of cash, Tk 350 million, in the bank accounts of the managing director of the private National Credit and Commerce Bank Ltd. (NCC), Mosleh Uddin Ahmed. The deposits have been made by borrowers of the bank, consulting firms, financial institutions as well from the stock market.Special investigations by the Bangladesh Financial Intelligence Unit (BFIU) revealed this information. The transactions were made in the names of the MD and his wife through several banks, financial institutions and brokerage houses. BFIU has seized Mosleh Uddin Ahmed’s accounts with five banks including NCC, Jamuna Bank, Prime Bank, City Bank and Premier Bank as well as with Reliance Finance and International Leasing.In the special report BFIU said the MD had abused power, resorted to corruption and evaded taxes.Letters have been sent to the NBR (National Board of Revenue) and the Anti-Corruption Commission (ACC) to carry out investigations into the sources of Mosleh Uddin’s income and wealth. Bangladesh Bank has started procedures towards his removal.BFIU, operated by Bangladesh Bank officials, scrutinises money laundering and terror financing. Head of the agency, Abu Hena Mohammad Razee Hassan, told Prothom Alo there were some discrepancies in the transactions, adding that the accounts were seized for further investigation. As per the law, the issue is being forwarded to other authorities for further action, he said.Mosleh Uddin Ahmed was the deputy managing director of Jamuna Bank till 2015. He joined as additional managing director of NCC Bank on 9 December 2015. In 2017, he was appointed as the MD there.Mosleh Uddin, however, denied that the cash was illegally procured. “I worked at several national and international banks in my 30-year career and taught at various universities too.” He explained that he sold “land worth Tk 40 million” and his wife, too, was a professional. “I can account for all my cash,” he said adding, “I am a victim of vengeance.”According to the BFIU investigation, a total of Tk 350 million has been deposited in the five banks, two financial institutions and four brokerage houses. Among this, Tk 599,840 of his monthly salary is deposited in his account with the NCC Bank Bhaban branch. He opened a foreign currency account there too. Over a period of time, $ 5,000 was deposited in the account and then on 31 January another $ 8,000 was deposited.Though Mosleh Uddin joined NCC Bank in 2015, deposits were regularly being made in his Jamuna Bank account. He has a joint account with his wife, Luna Sharmin, at Jamuna Bank. Deposits of Tk 60 million and Tk 3.50 million were made respectively. Another Tk 40 million was deposited by Western Engineering on 5, 12, 15 and 25 April in 2018.Mosleh Uddin Ahmed and his wife have three accounts operated individually and jointly. A total of Tk 60 million was deposited in these accounts. Another Tk 43.3 million was credited to his account with the Islamic banking branch of Prime Bank. His Premier Bank account was credited with Tk 20.8 million.He has deposits of Tk 40 million and Tk 20 million with Reliance Finance and International Leasing respectively. He also opened accounts with four brokerage houses including City Brokerage, Securities, CSML Securities and E-Securities under the NCC Bank. A total of Tk 20.26 million were in the accounts.Who gave the cash?Western Engineering which credited Mosleh Uddin’s account with Tk 40 million is a client of both Jamuna Bank and NCC Bank. He opened fixed deposits of Tk 30 million and Tk 10 million with the cash.”Western Engineering was never my client during my career,” Mosleh Uddin said, “They had paid NCC Bank with the privilege of interest remission before I joined the bank,” and added, “Though they sought loans, I didn’t approve.””I’ve sold land to them and have kept the Tk 40 million with two financial institutions,” he said.According to the investigation report, the land he sold to the Western Engineering at Ashulia last year was worth Tk 5.1 million while he took Tk 40 million for it.An NCC Bank official deposited Tk 4.5 million in Mosleh Uddin’s NCC bank account on 3 December 2018 and withdrew the amount the following day. This was used to buy saving certificate later, the investigation further revealed.”We’ve met the Bangladesh bank governor regarding the issue on Sunday night and informed him that we’d take action if he was proved guilty,” chairman of NCC Bank Nurun Newaz Selim told Prothom Alo. “But no one innocent should be made guilty,” he said.In a statement submitted to the NBR on 30 June last year, Moslem Uddin said, he owned Tk 206.7 million in total. He included the NCC Bank account assessment only there and said he earned Tk 8.8 million in the fiscal 2017-18. The statement did not mention his funds with other banks or in the stock market.BFIU has termed this as false information in his income statement which is a ‘tax related offence’ according to the Money Laundering Prevention Act, 2012.Bank MDs are not abiding by the rules nowadays, former Bangladesh Bank governor Saleh Uddin Ahmed told Prothom Alo. They are obliged to follow the orders of the board of directors, he said.This has happened as they are not upholding the interest of the general depositors which is frustrating for the whole banking sector, he observed.Khondokar Ibrahim Khaled, former deputy governor of Bangladesh Bank, said top officials of any bank are supposed to the strongest protectors of the clients’ deposits, they are misappropriating the funds.Without the help of the MDs, it was not possible for the big businessmen to extract money from the banks, he said. These funds remain in default for years, he said.Just the removal of the dishonest banker was not enough. He must face criminal charges leading to exemplary punishment, he said and emphasised that the central bank must exercise its power to save the banking sector and the government must not intervene.*This report, originally published in Prothom Alo print edition, has been rewritten in English by Nusrat Nowrin.
Kolkata: The South Eastern Railway has decided to run 11 pairs of special trains between Shalimar andMumbai from April 20 to July 1 and another 11 pairs of special trains between Santragachi and New Jalpaiguri from April 21 to June 30 to clear the extra rush of passengers during summer. Trains get more passengers during summer as people plan trips during holidays. A weekly special train will leave Shalimar station at 6.10 am every Monday and will reach Mumbai at 4.05 pm on Tuesday. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataIn the opposite direction, the special train will leave Mumbai at 11.05 am every Saturday and will arrive at Shalimar at 9.30 pm the next day, Sunday. “The special train consisting of one AC 2 Tier, two AC 3-Tier, seven sleeper Class and three general second class coaches, will have stoppages at Santragachi, Kharagpur, Tatanagar, Chakradharpur, Rourkela, Jharsuguda, Bilaspur, Raipur, Durg, Gondia, Nagpur, Wardha, Badnera, Akola, Bhusawal, Nasik Road, Igatpuri, Kalyan and Dadar between Shalimar and Mumbai CSMT,” a senior SER official said. Also Read – Lightning kills 8, injures 16 in stateSantragachi-New Jalpaiguri weekly AC special will be leaving Santragachi at 10.25 am every Sunday and will reach New Jalpaiguri at 8.55 pm, the same day. In the opposite direction, New Jalpaiguri-Santragachi special will leave New Jalpaiguri at 11.15 pm every Sunday and will arrive Santragachi at 11.15 am , the next day. This train will have sixteen AC 3-tier coaches and will have stoppages at Bardhaman, Rampurhat, Malda Town, Barsoi, Kishanganj and Alubari Road between Santragachi and New Jalpaiguri. Booking will be available for both the trains from Passenger Reservation System (PRS) and internet with immediate effect.
Kolkata: Despite two weeks having passed since the results of Lok Sabha Elections 2019 came out, political clashes continue to rage on in the state.On Saturday, a Trinamool Congress worker was allegedly shot dead by BJP-backed miscreants. Following that, workers of both the parties got involved in a clash and two BJP workers were reportedly killed in the scuffle. On Sunday, a delegation of Trinamool Congress visited Bhangipara in Sandeshkhali and alleged that BJP is trying to spark terror across the state. Trinamool Congress secretary general Partha Chatterjee on Sunday alleged that BJP is trying to instigate violence and killing their workers. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataAccording to sources, on Saturday afternoon local Trinamool leaders had organised an election review meeting at Bhangipara, Nyazat in Sandeshkhali. Following the meeting, Trinamool had arranged a rally in the area. It has been alleged that BJP workers attacked the Trinamool workers when the rally was underway. Within moments, the area nearly turned into a battlefield. During the clash, a Trinamool worker identified as Kayum Mollah was allegedly shot dead by BJP-backed miscreants. Following the alleged attack by BJP workers, Trinamool workers reportedly retaliated. Also Read – Lightning kills 8, injures 16 in stateOn the other hand, BJP workers alleged that Trinamool-backed miscreants had attacked the BJP workers and killed three of them. But till Sunday night, the death of only two BJP workers was confirmed. The BJP workers who were killed on Saturday were identified as Sukanta Mondal and Pradip Mondal. Upon receiving the news, police from Sandeshkhali police station went to the spot but were not able to reach there as the number of personnel was inadequate. Later, a huge police force along with Rapid Action Force (RAF) was called in. After entering the Bhangipara area, police were obstructed while taking away the bodies of the deceased. Later, police dispersed the mob and recovered the bodies. On Sunday, a delegation team of Trinamool Congress lead by the party’s North 24-Parganas President Jyotipriya Mallick went to Sandeshkhali to assess the situation. The other members of the delegation team were MLA Nirmal Ghosh, Sujit Bose and Tapas Roy. They talked with the local residents and police administration regarding Saturday’s clash. Later, Roy alleged that BJP is in a hurry to take over Bengal and for that they are resorting to violence. “The Union Home Ministry has sought a report on Saturday’s incident in Sandeshkhali. Why has it not been done for other areas? Why is the Home Ministry silent about the Nimta Trinamool worker’s murder or the incident of Barrackpore?” Roy questioned. Mallick also alleged that BJP is using contract killers to murder Trinamool workers. On Sunday, a BJP delegation team went to Sandeshkhali as well and interacted with the families of the two workers who were killed on Saturday. Later, party leadership tried to take the bodies to Kolkata, which was not permitted by the police, anticipating a law and order situation. The bodies were later taken back to Sandeshkhali for cremation.
Register Now » December 18, 2014 This story originally appeared on Reuters Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global The United States said on Thursday a cyber attack on Sony Pictures blamed on North Korea was a serious national security matter and the Obama administration was considering a proportional response.White House spokesman Josh Earnest told reporters the attack was an example of “destructive activity with malicious intent that was initiated by a sophisticated actor.”Earnest said he was not in a position to say that North Korea was responsible, but the investigation was “progressing.”U.S. government sources said on Wednesday that U.S. investigators had determined that the attack was “state sponsored” and that North Korea was the government involved.Earnest said U.S. national security leaders considering the attack “would be mindful of the fact that we need a proportional response.” They were also aware that people carrying out such attacks are “often seeking to provoke a response…”“They may believe that a response from us in one fashion or another would be advantageous to them” by enhancing their standing either among their cohorts or on the international stage, Earnest said.Hackers who said they were incensed by a film on the fictional assassination of North Korea’s leader attacked Sony Corp last month, leaking documents that drew global headlines and distributing unreleased films on the Internet.North Korea has denied it was behind the Sony hacking, but security experts in Washington said it was an open secret Pyongyang was responsible. The hacking and cancellation of “The Interview” movie’s Dec. 25 release appeared to be an unprecedented victory for Pyongyang and its abilities to wage cyber warfare.In New York on Thursday, a senior North Korean diplomat at the United Nations declined to comment on accusations that Pyongyang was responsible. He also declined to comment on the film’s cancellation.Sony, in its announcement Wednesday on the $44 million raunchy comedy, cited decisions by several theater chains to hold off showing the film. The hacker group that broke into Sony’s computer systems had threatened attacks on theaters that planned to show it.U.S. experts say options for the Obama administration could include cyber retaliation and financial sanctions but the effect of any response could be limited given North Korea’s isolation.Political analysts, including Joel Wit of the 38 North Korea project at Johns Hopkins University in Washington, questioned how easy it would be to enforce sanctions and to ensure the support of China, which is North Korea’s biggest economic partner, its neighbor and long-time ally.The United States has a deep economic relationship with China but is sharply at odds with Beijing over Washington’s allegations of cyber spying by Chinese state units on U.S. concerns.The Republican chairman of the House of Representatives Foreign Affairs Committee, Ed Royce, said the United States should impose new penalties on the already heavily sanctioned North Korea that would “wall off” the country from the international banking system.The Federal Bureau of Investigation warned theaters and other businesses associated with “The Interview” on Tuesday that they could be targeted in cyber attacks, according to a copy of the document reviewed by Reuters.Several U.S. national security officials told Reuters the government had no credible evidence, however, of a physical threat to movie theaters.(Additional reporting by Jim Finkle in Boston, Mark Hosenball and Matt Spetalnick in Washington and Michelle Nichols at the United Nations; Editing by David Storey and Grant McCool) Growing a business sometimes requires thinking outside the box. 3 min read
Posted by Thursday, March 9, 2017 EVA Air adds two flights out of Toronto, increases Vancouver to daily starting in June Tags: EVA Air, New Routes TORONTO — EVA Air is adding two additional flights per week to its Toronto-Taipei route and introducing new daily service out of Vancouver starting June 16.At a Toronto breakfast seminar this week the airline said its new Toronto flights will operate Thursdays and Saturdays while the new Vancouver flights will be on Wednesdays and Fridays.“Last year there were over 100,000 Canadians visiting Taiwan. That’s an increase of 17% from the previous year,” said Catherine Y.M. Hsu, director general at Taipei economic and cultural office, Toronto. “There were 93,000 Taiwanese people coming to visit Canada and that is an even greater percentage, with a 31% increase from 2015.”Eva Air is also continuing the Combo Promotion until March 31. Toronto/Vancouver departure roundtrip tickets are sold together at one price – around 50% of its original price, with a combination of two tickets to the same destination, outbound and travelling in same season. Various connections include Bangkok, HCMC-Saigon, Hong Kong, Manila, Singapore, Denpasar-Bali and Kuala Lumper. This offer is available for all cabins, with both tickets seats in the same cabin class – subject to availability of each flights. The promotion can only be authorized by Eva Air contract agencies in Canada.More news: Sunwing to further boost Mazatlán service with new flights from OttawaProvided by Taiwan Tourism, passengers can now take advantage of layovers with the free half-day tour specifically designed for visitors in transit. There are two tours available, one in the morning and one in the evening, with both visiting different locations throughout Taipei. Seats can be reserved 30 days prior to the tour or on-site. Pick up and drop off are available at both terminal one and terminal two, with luggage storage at the airport. According to EVA Air, passengers are choosing longer layovers to have the opportunity to visit Taipei. Clients can find more information about the tour at eng.taiwan.net.tw/tour/index.htm.Between Toronto and Vancouver, EVA Air will service a total of 14 flights for Canadian travellers. Once in Taipei, travellers can connect with 132 flights throughout Southeast Asia and 155 to Northeast Asia. EVA and affiliate UNI Air operate an additional 111 weekly flights to 25 destinations to Mainland China, Guam, Korea and throughout Japan. For more information visit evaair.com. Travelweek Group Share << Previous PostNext Post >>
By: The Canadian Press << Previous PostNext Post >> Share Tuesday, June 19, 2018 It wasn’t poop! Transport Canada clears the air about falling feces VANCOUVER — Transport Canada says a substance that fell from the sky and onto vehicles and people in two British Columbia communities was not human feces from aircraft, but one woman believes the foul-smelling material that landed in her eyes had to be excrement.The department said Friday that it investigated 18 incidents reported in recent weeks by people who alleged frozen lavatory waste, called “blue ice”, fell from planes in Kelowna and Abbotsford.It said in a statement that staff have reviewed details provided by the public, assessed local radar data and followed up with aircraft operators and local airports to conclude that the substance did not come from passing planes.“The department’s review has concluded that these incidents do not meet the description of blue ice and are therefore not aviation related.”Blue ice incidents are very rare and are so named because of a distinct blue liquid used to disinfect human waste from washrooms in an aircraft’s holding tank, which could leak before the frozen material melts and falls off the plane, the statement said.More news: Rome enforces ban on sitting on Spanish StepsSusan Allan, 53, said she can’t believe the smelly bluish-grey substance that fell into her eyes from the open sunroof of her car on May 9 wasn’t human excrement.It also fell onto her 21-year-old son Travis Sweet’s face, who was a passenger in the vehicle in Kelowna and described the substance as “freezing cold”, she said.Allan said she was diagnosed with conjunctivitis in both eyes and was prescribed eye drops.What appeared to be excrement also fell on a red car near her, Allan said, adding she and her son went to a car wash to spray themselves off before she called the airport and was told Transport Canada would look into what happened.“It was a beautiful day, it was pure blue sky and if I had looked up and seen a flock of birds it would have been a different story. All that was there was an airplane and by the time we looked up it was already going over top of the golf course,” she said.More news: Carnival Cruise Line enhances HUB app for families and youthTransport Canada said that in rare cases, an aircraft’s holding tank carrying human waste can leak before it is pumped into a tanker truck on the ground.At high altitudes with low temperature, the leakage could freeze on the outside of an aircraft, it said. As the aircraft descends and temperatures decrease, the blue ice melts and pieces may detach themselves from a plane and either melt or remain in their solid state before hitting the ground.“I know what happened to us and I’m not going to give up until somebody does something,” Allan said, crying, adding she has contacted Transport Canada to say she disagrees with its findings.“I’ve had people laughing, people making fun of me. I’m sure it’s going to get way worse now when they think, ‘Ha ha, see, Stupid. It’s not true.’ But it is true and it’s making me mad that I can’t prove it.” Tags: British Columbia, Transport Canada