Fund – Sports Lesarcs Fri, 01 Oct 2021 15:07:26 +0000 en-US hourly 1 Fund – Sports Lesarcs 32 32 Millennial investment app Groww raises $ 83 million to over $ 1 billion valuation – TechCrunch Thu, 08 Apr 2021 02:38:38 +0000

Over 200 million people in India transact money digitally, but less than 30 million invest in mutual funds and stocks.

An Indian startup that is trying to change this figure into woo millennials announced another round of funding on Wednesday and became the new unicorn of the second largest internet market in the world.

Based in Bangalore To grow raised $ 83 million in its Series D funding round, which valued the Indian startup at over $ 1 billion, up from $ 250 million in a $ 30 million Series C in September of last year.

Tiger Global has led the new round and existing investors Sequoia Capital India, Ribbit Capital, YC Continuity and Propel Venture Partners have participated, said the four-year-old Indian startup, which has raised $ 142 million to date.

By the way, Groww is the eighth Indian startup to achieve unicorn status this year – and the fourth this week. Meesho social commerce turned a unicorn on Monday, financial technology company CRED Tuesday and earlier today, the online pharmacy company PharmEasy announcement a new round of funding that valued the company at around $ 1.5 billion.

Groww allows users to invest in mutual funds, including systematic investment planning (SIP) and savings linked to stocks, gold, as well as stocks, including those listed on the US stock exchanges . The app offers all funds currently available in India.

The startup has amassed more than 15 million registered users, two-thirds of which are first-time investors, Lalit Keshre, co-founder and CEO of Groww, told TechCrunch in an interview.

Keshre said the startup – co-founded by four former Flipkart executives, including Harsh Jain, Neeraj Singh and Ishan Bansal – will deploy the fresh funds to accelerate its growth and hire more talent. “We now have the fuel for longer term thinking and faster growth,” he said.

Over 60% of Groww users come from small towns in India and 60% of them have never made such investments before, Keshre said. The startup said it has held workshops in several small towns to educate people about the world of investing.

Comparison of fintech market shares in brokerage (Image credits: BCG)

The coronavirus pandemic has also accelerated the startup’s growth as young people explore new hobbies. The startup competes with a handful of companies, including Zerodha, Paytm Money, Upstox, ET Money, Smallcase, and traditional businesses.

“We launched Groww almost five years ago to make investing accessible and transparent for everyone in India. We’ve made good progress, but it looks like we’re just getting started, ”Keshre said.

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National Proliferation Financing Indicators for Ukraine Thu, 08 Apr 2021 02:38:26 +0000

On March 19, 2021, the technical paper on “Threats to Proliferation Financing in Ukraine” was presented to Ukrainian stakeholders at an online event. The document is the result of several months of joint work with a wide range of relevant national authorities, including policy makers, law enforcement, FIU, supervisors and regulators, export control, customs and border control and intelligence authorities. The report seeks to identify a set of indicators and typologies for exposure to proliferation finance in Ukraine. It provides a framework for understanding Ukraine’s exposure to proliferation activities, which is not limited to strictly targeted financial sanctions.

In the context of the amended FATF Recommendation 1, requiring countries to identify and assess the risks of non-application or circumvention of targeted financial sanctions related to proliferation financing, the technical paper provides a set of indicators on how the financing of proliferation as a financial crime activity could manifest itself in Ukraine, based on the examination of several secondary sources as well as direct consultation with the relevant authorities. It will serve as a useful starting point for national partners to undertake a risk assessment of proliferation financing against FATF criteria at a later stage.

The technical document was prepared within the framework of the EU / Council of Europe Partnership Project for Good Governance (PGG) II on “Strengthening measures against money laundering and terrorist financing in Ukraine” , co-financed by the EU and the Council of Europe. and implemented by the Council of Europe.

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How Michigan courts determine when to hold jury trials again after pandemic closes Thu, 08 Apr 2021 02:38:16 +0000

Faced with a growing backlog of cases, Michigan court officials continue to indicate that health and safety are high on the priority list in making the decision to reopen courthouses and their various operations.

State court administrators and local judges say decisions made on the progressive conduct of jury trials are once again focused on the safety of jurors and everyone in the courtroom.

To that end, the Michigan Supreme Court has issued guidelines for local state courts as they plan to reopen after most have closed since March. Based on COVID-19 data and ongoing discussions with local health authorities, each local court is placed in one of four phases of returning to full activity.

The phases gradually extend from limited in-person activity to normal, said Jodi Latuszek, senior director of administration at the State Court’s administrative office.

Can’t see the map? Click here.

Courts must submit a request to move from one phase to the next and show a decrease in the positivity rate, as well as downward trajectories for documented cases, according to the Supreme Court ruling. Back to the Full Capacity guide.

RELATED: Michigan Courts Prepare for Resumption of Jury Trials After Pandemic Creates Massive Backlog

“During each phase, we focused so strongly on ‘keep doing what you can do virtually’,” said Latuszek. “For all phases, we provided basic advice, but the real substance is what is in the court security plans. … Their phase… comes from their interactions and conversations with the local health department.

In Muskegon County, the decision to reopen the courthouse on March 1 was made in consultation with the county’s public health official, Kathy Moore. The first jury trial is scheduled for the week of March 22. The schedule allows time for employees to acclimatize to public visitors, as well as time to pull out jury summons, Moore said.

“I have met with judges and court administrators every Monday and we look at the statistics based on the parameters set by the Michigan Supreme Court,” Moore said.

Those statistics include examining all cases and outbreaks among county employees as well as rates of COVID in the community, she said.

RELATED: Plastic tarps and hockey-style penalty benches: What jury trials will look like in Michigan courtrooms

It’s important to remember that while very few jury trials have taken place since the start of the coronavirus pandemic in March 2020, other legal proceedings have unfolded virtually, regardless of what phase a court is in. , said Latuszek. Courts recorded 2 million hours of Zoom hearings as of January 31.

“At the end of the day, it’s people’s lives,” Latuszek said. “The last thing we want is for a court worker to get sick, or for someone going to court to get sick because we didn’t have proper safety precautions. Its very important.”

Face coverings, social distancing, plastic dividers and health screening issues are part of the safety plan for the first three phases.

These are the phases:

First phase

This means that the courts have very limited in-person activity, where employees who can work remotely should work remotely, Latuszek said. Faxes are used for court records, as well as e-mail and other electronic systems.

“It’s really limited to things where people have a constitutional or statutory right to be present in court,” she said.

The first phase occurs for several reasons, according to the Supreme Court guide. One reason is that there is a state or local order requiring shelter in place or restricted movement.

The other reason is that the COVID-19 test positivity rate is 15% or more and there is an increasing number of cases over a 14-day period, according to a local administrative order.

Phase two

Court proceedings will continue virtually and each court can decide whether it wishes to allow the public inside in a limited manner, in accordance with a local administrative order.

Jury trials can restart under very limited circumstances during phase two, if the county has 70 or fewer cases per million per day and the test positivity rate is less than 10%, Latuszek said.

Courts move to phase two when the county has a test positivity rate of between 5 and 15% in the seven days preceding the phase change request, according to the Supreme Court guide.

“During phase two, the courts have a lot of leeway to adjust their security practices according to their current local public health conditions,” said Latuszek.

Phase three

This phase is where jury trials, with appropriate security measures, are recommended.

“Phase three is as close to normal as it gets,” Latuszek said. “Some activities for the public are resuming. Courts can hold jury trials with security plans in place. “

Making jurors feel safe is an important part of Phase Three, she said. Jury selection can be a hundred or more people, so courts need to find a place to safely select jurors.

Some jurisdictions adhere to social distancing guidelines at a location outside the courthouse, such as a gymnasium, Latuszek said.

Courts move to phase three when the test positivity rate in the county is 5% or less, within seven days of the phase change request, according to the Supreme Court guide.

Phase four

Phase four begins after the Centers for Disease Control and Prevention or the President of the United States declares the pandemic over.

“Phase four is” Hey, we’re out of the pandemic. Life is back to normal, ”said Latuszek.

– MLive reporter Lynn Moore contributed to this report.

Read more:

Congressman Meijer: $ 1.9 Billion COVID Relief Bill Places ‘Government Excess’ Over ‘Direct Dollars’ to Americans

Michiganders 50 and over will soon be eligible for the coronavirus vaccine

Kalamazoo’s parents continue fight for school in person after district decides to go virtual

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Third Nature Brewing Company Built for Outdoor Dining and a Pandemic Thu, 08 Apr 2021 02:38:04 +0000

ROCKFORD, MI – Almost perfect.

Great food, great beer and great service all surrounded by the natural beauty of the White Pine Trail. It’s almost as if Third Nature Brewing Company was built as the backdrop for a Pure Michigan TV commercial.

It’s no surprise that the brewery with a huge beer garden, several fireplaces and igloos has been recognized as one of the top destinations for Michigan’s Best Outdoor Dining in Grand Rapids.

He finished second behind the poll winner A Twenty-Three Tavern in Grand Rapids and in front of Brass Ring Brewery in Grand Rapids, known for its open-air cabins.

Opened in late 2019, the setting quickly became a big part of its success, which was only heightened when it tackled the unexpected challenges of the Covid-19 pandemic and the closure of indoor restaurants.

“We were very grateful for our little Biergarten haven,” said Hayley Zitzelsberger, who owns the brewery with her husband Chad, along with Troy and Donghee Zitzelsberger, as well as Bryce and Lisa Roebke. (Lisa is Chad and Troy’s sister).

“This has allowed us to continue serving you beer, food and a safe place to come and enjoy the time away from home.

We presented Third Nature Brewing Company in our recent article on outdoor dining destinations on the White Pine Trail.

READ: 10 great outdoor restaurants along the White Pine Trail

A Third Nature Brewing Co. employee delivers food to customers at an igbrew on Thursday, February 4, 2021 in Rockford. (Davison Hope | hope Davison

We thought we would check with Hayley Zitzelsberger to see how things are now that indoor dining has returned to 25%, and if the recent cold weather has made it difficult for people to go outside.

How are things going ? Is Igbrew use increasing or decreasing?

“The recent cold snap affected us, but not as bad as we expected. Fortunately, we had our Igbrews with the 25% capacity inside to welcome you inside again. This is obviously not as many people as we can usually accommodate in normal times; but, we are doing with what we have available right now! Fortunately, we closed our pergola at the start of reopening 25% of its capacity. It creates a unique dining experience with our overhead cafe lights, radiators and large enclosure windows let you gaze out at the snow-capped beer garden. We saw a slight drop in Igbrew bookings only in the sense that they didn’t fill up as quickly. We usually still had a sold-out evening on the day of the service.

How has business been overall?

“Overall (it) was better than expected. We took advantage of the development of our large outdoor spaces as well as a slightly mild winter (at least before this last cold snap). Eating inside is difficult as we can only serve 25% of what we usually do, but we try to make the most of what we are allowed to do at this time. We are grateful that we have guests who want to go out for dinner, drink and feel safe with our COVID procedures that we have in place. We all do what we can and even having 25% of our tables full brings us a lot of happiness.

Find Michigan's Best Outdoor Dining Along The White Pine Trail

The “Falafel Bowl” dish is pictured with Jeju IPA and blackberry cider at Third Nature Brewing Co. on Thursday, February 4, 2021 in Rockford. (Davison Hope | hope Davison

Describe Third Nature to first-time visitors, from the beer side to the food side.

“To our first visitor who is a beer lover – we are always trying to brew you something new. Our Head Brewer, Troy, is always working on something and our tap menu changes regularly. Even have a few “Crew Brews” where a member of the team creates a beer! We have accessible beer, but we will keep you happy, beer lovers too! A popular one on tap right now is our Decadent elf delight; an Imperial Stout Vanilla Coconut Macaron. The best way to learn about our beers would be to order a flight the next time you come. Our team is always ready to help you create the perfect flight board for you!

“To our first visitor who is a foodie – Our chef, Ryan, distributes incredible homemade smoked barbecues, salads, sharing meals, pizzas, comfort food and mouthwatering specials. You’re definitely going to want to rip up our giant fluffy pretzel with beer cheese or dry rubbed smoky wings to start. Follow that up with one of our awesome bowls including a new menu item, our Falafel Bowl! Also add one of our three different burgers that we have on the menu or our homemade smoked BBQ sandwiches; to name just a few choices. We also welcome our vegetarian, vegan, and GF friends, so ask your server for our dietary substitutions! Our chef is looking forward to our next beer dinner where he creates a unique multi-course dinner and beer pairing with our head brewer. These dinners are always decadent, fun and delicious!

“Overall, we want our brasserie to be welcoming, friendly and bring you a little closer to nature over a delicious meal and a pint.

The search for Michigan’s best outdoor restaurant is sponsored in part by Warm fitness.

Find Michigan's Best Outdoor Dining Along The White Pine Trail

The outdoor space of Third Nature Brewing Co. is pictured on Thursday, February 4, 2021 in Rockford. (Davison Hope | hope Davison


Third Nature Brewing Company

7733 Childsdale Ave. NE, Rockford, MI 49341


Hours: 4 p.m. to 9 p.m. Tuesday to Thursday, 4 p.m. to 10 p.m. Friday, 11 a.m. to 10 p.m. Saturday and 11 a.m. to 8 p.m. Sunday. Closed on Mondays. (Kitchen open until 9 p.m. Friday and Saturday; last call at 9:30 p.m. Friday and Saturday.)

Also: The Igloo reservations are online and guaranteed with a $ 50 deposit, which includes a $ 10 rental fee that covers the cost of cleaning and maintenance. A refund of $ 40 is returned to your card. Reservations are 90 minutes.

More information: Where

Look for Michigan's best outdoor restaurant: Hearthstone Bistro

Heated igloo meal at Hearthstone Bistro on Tuesday, February 9, 2021. Igloos are available for reservation, per igloo, per night. (Cory Morse | Morse |

If you have any questions about this research or suggestions for future research, please feel free to email us:

Jean Gonzalez:

Amy Sherman:

Follow our best Michigan adventures on social media:

@mlivemibest on Twitter

@mlivemibest on Instagram

Facebook at MLiveMIBest.

Participate using hashtags #mibest and # alfresco dining.


Jean Gonzalez is on twitter @michigangonzo, as good as Facebook and Instagram @MichiganGonzo.

Amy sherman is on twitter @amyonthetrail, as good as Facebook and Instagram @amyonthetrail.

Barley and Vine offers craft beer, wine, and cold cuts

Barley and Vine is the MichiganÕs Best Outdoor Dining Flint survey winner. The property is located at 1072 Elms Road in Clayton Township, between Swartz Creek and Flushing. (Jake May | May |

More Michigan’s Best Outdoor Dining Stories

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NODE Achieves Michigan’s Best Outdoor Restaurant in Kalamazoo and Southwest Michigan

This Detroit igloo village has a unique business model and delicious, healthy food

How this tiny village made its local bar the best outdoor restaurant in Northern Michigan

The YORK Yard features fire pits, food trucks and DJs outside in Ann Arbor

Ann Arbor outdoor dining survey winner offers mouth-watering food and great atmosphere

The ultimate ‘date night’ is at Muskegon’s Best Outdoor Dining

Greenhouses have sprouted at Dexter Beer Grotto for alfresco dining

An ‘Up North’ lodge in the middle of nowhere is UP’s best open-air restaurant

A Michigan-made yurt village can be found here in Chelsea

10 great outdoor restaurants along the White Pine Trail

See all photos from RORA – Rockford Outdoor Refreshment Area

Operation Shantyville is an adventurous version of al fresco dining, supporting restaurants in the Bay Area

Play “River Rocks”, enjoy farm-to-table cuisine at this outdoor restaurant in southwest Michigan

Traditional Irish cuisine, tacos, and great service at Michigan’s best outdoor restaurant

See all nominations for Michigan’s Best Outdoor Dining Room

Igloos, cabins, lodges and more: where to dine al fresco in Michigan this winter

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Biotech Industry Has Record Year for Venture Capital Funding Thu, 08 Apr 2021 02:37:46 +0000

In a banner year for venture capital finance, biotechnology has garnered a significant portion of total funding and has enjoyed a record year as an industry. This record level of venture capital funding was, in part, due to renewed interest in life sciences due to the COVID-19 pandemic, but was also the result of the industry’s continued maturation. biotechnology and the opening of the IPO window for pre-revenue biotechnology. businesses and other start-ups. The increased funding was also the result of the biotech industry’s greater success in developing and bringing to market new therapies that meet the promises the industry showed in the early 1990s and beyond. Exciting times to be involved in this industry!

Pharma & Biotech’s good results supported a record year for life sciences due to investor interest in vaccines, antivirals and companies engaged in the fight against COVID-19. $ 36 billion of capital was invested in life science companies in 2020, 41% more than the previous annual record of $ 26 billion invested in 2018. Investments in drug discovery have nearly doubled from from $ 8.8 billion in 2019 to $ 16.2 billion in 2020.

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DLP Real Estate Capital Appoints Industry Veteran Bonnie Habyan as Chief Marketing Officer Thu, 08 Apr 2021 02:37:25 +0000

ST. AUGUSTIN, Florida., March 31, 2021 / PRNewswire / – DLP Real Estate Capital, a financial services and real estate investment company, has appointed Bonnie Habyan as marketing director. Ms. Habyan joins the company’s leadership team and will lead corporate marketing strategies across the DLP family of companies.

Ms. Habyan comes to DLP with nearly 20 years of real estate finance marketing experience with a proven track record in traditional and digital marketing and new business development. She also has extensive experience in brand building, customer relationship management, marketing technology, events and conferences, corporate communications and public relations. Previously, she was Marketing Director for publicly traded real estate finance company Arbor Realty Trust.

In her new role, Ms. Habyan will be responsible for leading an innovative and rapidly growing marketing team to support DLP’s mission to passionately create prosperity through real estate while having a significant impact on the affordability crisis. housing in the United States.

“I am happy and proud to join the DLP family and look forward to helping support their rapid growth in creative, strategic ways, and with the discipline that CEO and author follow, Don Wenner’s, foundational philosophies, “said Habyan.” I look forward to the breadth of challenges that come with helping a company like DLP succeed and I am honored to join them on their successful journey to both have a impact and become a leading franchise in the industry. “

Don wenner, Founder and CEO of DLP Real Estate Capital commented: “Bonnie’s vast experience in marketing, particularly in the real estate industry, will undoubtedly help us support our goals and vision across all areas of our growing business. . She brings a high level of energy, creativity, and innovation and has a track record of marketing success. I am delighted to welcome Bonnie to the team and look forward to celebrating our future successes with her at the helm of Marketing. “

Ms. Habyan holds a bachelor’s degree from Bethany College in Mass Communication and a Masters in Communication from New York Institute of Technology. She also holds an MBA in banking and finance from Dowling College and assisted from Harvard Business School Executive training program on digital marketing.

Contact: [email protected]

About DLP Capital Immobilier

DLP Real Estate Capital, under the leadership of the founder and CEO Don wenner, is a leader in the single-family and multi-family real estate sectors of brokerage, investment management, asset management, real estate management, construction and private lending. DLP RE Capital leads and inspires the creation of wealth and prosperity through the execution of innovative real estate solutions. The company generates consistent returns and results for its investors and partners and gives back positive returns through its Foundation. The family of companies includes DLP Capital Partners, DLP Lending, DLP Real Estate Management, DLP Realty, Alliance Servicing and Alliance Property Transfer.

DLP Real Estate Capital has more than $ 1.25 billion assets under management, more than 700 loans in the portfolio, and has concluded more than 16,000 real estate transactions totaling more than $ 4 billion. DLP has been ranked among the 5,000 fastest growing companies in the United States for eight consecutive years; Won the third place of the Americas Fastest Growing Companies 2020 in the Real Estate and Real Estate category by the Financial Times and was named by The Wall Street Journal as one of the Top 15 Real Estate Companies in the United States for the fifth consecutive year, including the No. 1 team in PA and NJ for sales.

Related images


SOURCE DLP Capital Immobilier

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What you need is what you GET at Cambridge Group of Institutions Thu, 08 Apr 2021 02:36:57 +0000

BENGALURU, India, April 8, 2021 / PRNewswire / – More than 63% of all dropouts occur at the school level, according to a survey by the Government of Canada’s National Statistical Office (NSO) India found. Another 13% drop out at the diploma / certificate program level. The rich and the middle class have always had education high on their priority list. Sadly, the poor and marginalized, who need education the most, make a significant contribution to this dismal toll. Acting like the Right to Education (RTE) has ensured that education receives the importance it eternally deserves. With this support system in place complemented by programs such as midday meals, the financially weaker part of society also becomes ambitious, is ready to go the extra mile and make sacrifices to ensure the education of their children. children. Commercial banks are also doing their part by providing loans to deserving people.

At the graduate level, the dropout percentage is low at 5.1%, but the challenge is different. Graduate students cannot find jobs and the reason is quite simple; there are few colleges offering quality education, so graduate students are often of poor quality and unemployable. Sri DK Mohan, the chairman of the Cambridge group of institutions, was on hand when he spoke about the importance of studying at a reputable college. He said “The best colleges work closely with large companies and start-ups to understand the latest and greatest technologies they are working on and the cutting edge skills of the future. The same is incorporated into their already scientifically designed teachings. , thus giving students a head start in this competitive world. Ready-to-work talent begins to be productive almost immediately from the time they start their job and becomes in high demand. These schools also take advantage of their proximity to companies and help students obtain internships that give them exposure to the company’s working environment and their expectations. This makes the transition for students smooth and efficient when taking on full-time responsibilities. The other benefit of studying at a top-notch college is the bond the college creates between current students and alumni. These connections prove invaluable when it comes to getting a job. Additionally, recruiters tend to rely on the solid reputation of these colleges and see a degree from Cambridge Institute of Technology, for example, as a guarantee of a certain type of student who is intelligent, ambitious, and capable of performing. There is also the elusive prestige factor of studying in such institutions “.

The role of a good college cannot be compromised in student success. A very popular and very successful educational destination in Bangalore is the Cambridge group of institutions. Cambridge, under its auspices, has an ICSE school, a pre-university college, a university college, two engineering colleges; Cambridge Institute of Technology and Cambridge Institute of Technology – north campus. The Cambridge Institute of Technology is affiliated with VTU, accredited by the NAAC and the NBA, and approved by the AICTE. For a college that is only 14 years old, it quickly rose to the top league and deservedly received the ‘Best Emerging Engineering College in India – South’ by ASSOCHAM in 2018. The directors’ passion for education, the right mission and vision implemented through a carefully organized roadmap since the establishment of the colleges and a group of highly intellectual and industrious advisers have played an important role in obtaining such a name and such fame. . With the firm conviction that the caliber of an institution’s faculty influences the quality of its teaching and research programs; and its image in the outside world, the Cambridge Institute of Technology has the crème de la crème of faculty among its staff. The result is that well-trained practical engineers come out of campus. The college very recently received the IEEE Bangalore Most Promising Student Branch Award Section at the 2020 Annual General Meeting. Despite the Covid-19 pandemic where unemployment was a major concern, 90% of all eligible students were placed with nearly 20% of students receiving multiple job offers. In a typical year, students have the opportunity to interview over 150 companies. In recognition of the excellent internships, the Cambridge Institute of Technology received the award Best internships and career development, honorary award in 2016 by the All India Technical & Management Council. Dr. Yogesh Velankar, director of the Cambridge Institute of Technology said: “We strive to provide a holistic educational experience for our students to make them globally competent professionals to meet the great challenges of our time. In addition to the regular program, from this year we are introducing specialized courses such as autonomous driving, robotics / ML, computer vision, on-board design, energy storage solutions, high-rise buildings and the design of bridges, among others, not only to meet industry demand, but also to work on relevant technologies and difficult problems. “

For several decades now, Karnataka and more particularly Bangalore has been the education hub in the country, producing some of the best talent and home to some of the biggest tech companies, start-ups, and industries. Considering the success of the more than 5,000 alumni of the Cambridge Institute of Technology, it stands to reason that the college is extremely popular with students across the country. The campus has a diverse cohort of faculty and students and is truly cosmopolitan in every sense of the word.

To find out more about the Cambridge Group, the courses they offer and the cost of living in Bangalore, you can call them at +919731998888 or +919880801188 or you can also write to them at [email protected].

Media contact: Cambridge group of Institutions, [email protected], +919731998888, Admissions Officer, Cambridge Group of Institutions

SOURCE Cambridge Group of Institutions

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SP Group Debt Overhaul Gets Approval From KV Kamath Committee And Lenders Wed, 07 Apr 2021 23:17:42 +0000

In a move that gives Shapoorji Pallonji Group (SP) a break, Indian lenders and the KV Kamath committee have cleared its Unique Restructuring Proposal (OTR). All debt restructuring proposals above Rs 1,500 crore were referred to the expert committee at its meeting on Tuesday.

Shapoorji Pallonji and Company (SPCPL) – the 150-year-old holding company of the SP group – debt repayment obligations in 2020-21 stand at Rs 5,320 crore on a stand-alone level and 10,000 crore at Rs at consolidated level. The group’s total borrowing amounts to over Rs 25,000 crore, while the flagship company has a debt of Rs 23,500 crore on its books.

The SPCPL had solicited the OTR for its obligations under the regulations of the Reserve Bank of India (RBI) Covid Relief Framework. The company had requested relief under the provisions in September last year. It had not made any payments due to its lenders, including the investors of its commercial paper, after applying for the OTR. The OTR was invoked on October 26, 2020. The inter-creditor agreement was signed by all eligible lenders on November 24.

The group, which lost a key trade battle with Tata Group in the Supreme Court, will not be able to pledge its 18.4% stake in Tata Sons, lawyers observed.

“The Tata group may try to block the pledge of shares on the grounds that if the SP group defaults, the shares can be auctioned off to third parties. It will be against the statutes of Tata Sons, ”said attorney HP Ranina.

As part of the OTR plan, the group agreed to sell key assets, including its stake in Eureka Forbes, Sterling and Wilson Solar, Afcons Infrastructure and plots of land, to raise Rs 10,332 crore and repay its loans after. the moratorium. The proceeds of the proposed monetization of the assets will be used for the prepayment of loans valued at Rs 9,348 crore.

The SP group has asked its lenders for a two-year debt repayment moratorium, as the real estate sector and its core construction business suffers a slowdown in the wake of the Covid-19 pandemic.

Along with the monetization of assets, business-to-business deposits (DCI) granted to SP group companies by the flagship company are also expected to be made – mainly from SD Corporation (Rs 1,000 crore) and entities including Shapoorji Pallonji Real Estate of a worth Rs 1,299 crore in 2021-22 by monetizing their project assets. The proceeds of ICDs totaling Rs 836 crore are proposed to be used for the prepayment of outstanding debt; the balance for company operations.

The group, in negotiations for a debt overhaul plan, had asked lenders to defer its principal repayment for two years (or eight quarters), in line with recommendations from the Kamath panel appointed by the RBI to help businesses affected by pandemic, and taking into account unpaid interest capitalized or converted into a term loan at capitalized interest. She also requested that interest on all facilities up to September 30 be converted into a loan.

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Councilor Khan chairs 28th WDC AGM Wed, 07 Apr 2021 23:17:40 +0000

Advisor to the Lieutenant Governor, Farooq Khan today called the 28th Annual General Meeting (AGM) of the J&K Women’s Development Corporation (WDC).
The meeting was attended by Sheetal Nanda, Secretary of Social Protection; Dr Naheed Soz, Managing Director, WDC; Rajnesh Gupta, Addl. Secretary of the Department of Finance; Anil Kumar Dogra, SWD Finance Director; Mohammad Ashraf Hakak, OSD of the advisor and many other leaders of the Society.
During the meeting, the accounts for the year 2018-19 were adopted. Councilor Farooq Khan, who is also President of JKWDC, called on the Society to continue to do a good job of extending the benefits to the important gender of our community. He pointed out that women are the important constituent of the population and deserve to be held by the hand and encouraged.
The adviser further ordered that the loans be classified in accordance with the instructions of the auditors. He asked them to give a window to female borrowers who are pregnant or have given birth. He focused on training aspiring entrepreneurs to run their businesses successfully.
The secretary of the social welfare department congratulated the management and staff of WDC for completing the accounts of the company and asked them to deposit the accounts for 2020-2021 in the next board of directors, because the financial year recently ended.
The Managing Director, Dr Naheed Soz, informed that the WDC disbursed 240 crore rupees and benefited 18,000 beneficiaries under various programs and that loan recovery has reached up to 95%. The CEO also gave details of the shares awarded to shareholders and the resulting benefits.
The shareholders were also informed that the accounts for 2020-2021 will be submitted very soon to the Board of Directors for approval. The CEO further informed that the financial health of the company is up to date and the company is expected to grow in the future.

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Federal government wants permission to share grand jury testimony on militia moles in Governor Whitmer kidnapping plot case Wed, 07 Apr 2021 23:17:39 +0000

It is a rare legal gesture.

The U.S. Attorney’s Office has requested permission from a federal judge to share secret grand jury testimony regarding charges against six men accused of conspiring to kidnap Governor Gretchen Whitmer.

The motion says that testimony would be given to the office of state attorney general Dana Nessel for the prosecution of eight other alleged kidnapping plotters who separately face state charges in Jackson and Jackson counties. Antrim.

The case involves the prosecution of 14 men, eight in state court and six in federal court, with ties to Michigan militias, including the Michigan Liberty Militia and Wolverine Watchmen. Suspects are accused of conducting military-style training sessions and monitoring Whitmer’s vacation home in an attempt to kidnap the governor or commit other acts of domestic terrorism against the Michigan government .

“During the grand jury investigation into this case, the government has taken the testimony of one or more witnesses and expects to question other witnesses,” said the federal court’s Jan. 22 petition to publish the testimony of the grand jury. “These witnesses have described and should describe their roles within militia groups and their involvement in the elements of the plot to kidnap Governor Whitmer, including their attendance at key training, planning and reconnaissance meetings. “

The request for disclosure of informant testimonies to the state attorney general’s office is an indication that such witnesses may also testify for prosecutors at a trial in state court. It is not clear from the petition filed by the U.S. prosecutor on Jan. 22 whether the request is to share only portions or all of the testimony.

Criminal defense attorney Anastase Markou of the law firm Levine and Levine, who has practiced federal criminal defense for 27 years, said he was unsure why the federal government wanted to provide the information to state prosecutors. because the state has “several other means” to do so. obtain the same information, including summons to witnesses.

“It’s an unusual process that’s going on right now,” Markou said. “I’ve never had that experience where there was a request from the federal government to disclose grand jury testimony to a state prosecutor – I’ve never seen it.”

A photo exhibit released by the U.S. Attorney’s Office in Grand Rapids that was shown during a two-day hearing for federally indicted suspects in an alleged plot to kidnap Governor Gretchen Whitmer (Courtesy: Office of United States Attorneys for the Western District of Michigan)

Grand juries are used in federal courts to secure felony charges against suspects. These are non-public hearings in which deputy U.S. prosecutors call witnesses and present evidence of alleged crimes to prove that there is a likelihood that a crime has been committed. The prosecution must obtain a vote to indict 12 of the 16 to 23 people assigned to the grand jury.

The suspect is not allowed to be present, there is no cross-examination and testimony or evidence remains secret after the hearing is over.

The US Constitution, however, requires the prosecution to disclose to the defense the testimony of any witnesses who testify at trial, Markou said.

The prosecution has “no obligation to provide each of the statements made”, he added, “only those which concern the guilt or innocence of the client, in particular with the witnesses who will testify at the trial”.

Markou believes that the prosecution’s ability under court rules to avoid full disclosure of grand jury proceedings “seriously hinders the defense’s ability to understand the whole case.”

While lawyers for the defendants can file a brief claiming the testimony remains secret, Markou said the release could benefit the defense.

“As a defense lawyer I want to know everything because I don’t want to be surprised,” he said, “and I want to be the one who decides what I want to use and what I don’t want. not used ; I don’t want anyone else to decide this.

One of the federal defendants, Ty Garbin, 25, January 27 pleaded guilty the crime of conspiracy to commit kidnapping and risks life imprisonment. The other federal defendants – Brandon Caserta, 33, of Canton; Barry Croft Jr., 44, of Bear, Delaware; Adam Fox, 37, of Wyoming; Kaleb Franks, 26, of Waterford; and Daniel Harris, 23, of Lake Orion – are scheduled to stand trial on March 23 in Grand Rapids U.S. District Court for the Western District of Michigan.

Four suspects prosecuted in County Antrim – Shawn Fix, 38, of Belleville; Eric Molitor, 36, of Cadillac; Michael Null, 38, of Plainwell; and William Null, 38, of Shelbyville – were due for a preliminary examination on February 17, but were given a 60-day adjournment on Thursday, February 5, with the new date for the preliminary examination pending.

Defense attorneys said they needed more time to review evidence that had yet to be released by the attorney general’s office. The expected information should be transmitted to the defense within two weeks.

Whitmer kidnapping plot

An exhibit released by the United States Attorney’s Office following a two-day hearing for several men charged with conspiracy to kidnap Governor Gretchen Whitmer (Courtesy: United States Attorney’s Office)

Another indicted suspect in County Antrim, 52, is Brian Higgins, but is currently fighting extradition from his home in Wisconsin Dells, Wisconsin.

The remaining state defendants, Paul Bellar, 21, of Milford and his roommates Pete Musico, 42, and Joseph Morrison, 26, of Munith, are charged in Jackson County and are due for a preliminary examination on 3 March.

According to documents filed by state and FBI courts, investigators found militia informants at the center of the kidnapping plot even before the plans took shape. The alleged plot was intended to start a “civil war”.

There was talk of trying Whitmer and leaving her in the middle of Lake Michigan in a broken down boat, according to FBI testimony. Suspects also considered blowing up a bridge near Whitmer’s house to slow the police response – and engage in crossfire with police.

Upset by coronavirus lockdown orders in place in Michigan and Virginia, the men are also accused of discussing the kidnapping of Virginia Governor Ralph Northam.

More on MLive:

“He can’t believe he got involved”

“Phantom weapons” seized during searches

Defense against citizen arrest is unlikely to fly

The links between the suspects in an alleged plot

Alleged kidnapping plot photos, video released

“Free Michigan,” Trump tweets

Whitmer said Trump incites ‘domestic terrorism’

City alarmed by the presence of a militia plot

Men trained with guns, explosives, neighbors say

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