Seattle Daily Star

 Usha Martin Limited expects to gain momentum in their international business as most countries where they are present have returned to near normalcy. Talking about exports, Rajeev Jhawar said the demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia. Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020. Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200–4,600 crore, completed the first full year of operations of its wire rope business in FY20. Through the strategic move of selling UML’s steel division to Tata Steel, Rajeev Jhawar helped the company in enabling them to significantly de-leverage their balance sheet and free up critical cash pool, which they could invest in their profitable and sustainable wire rope business. The result of suc...

  The Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter, the reports suggest. In the latest development, the Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter. A bench headed by Justice D Y Chandrachud said, “The petitioner (Parekh) wishes to travel to the UK to attend to the medical need of his daughter.” The bench noted that Parkeh had earlier also been allowed to travel abroad on several occasions. He has been granted permission on all the previous six occasions. Ketan Parekh was convicted in the Canfina Mutual Fund scam case and was also held guilty in the case related to the 1992 stocks scam, duping CFS of more than Rs 47 crores. Ketan Parekh’s role in the scams Ketan was a chartered accountant and played a significant role in the overall scam. He was a part of Harshad Mehta’s GrowMore investments which...

  Chief executive distances company from comments by Stuart Kirk at London conference British financial company HSBC has distanced itself from comments by a senior banker in which he played down fears over climate change as “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings”. Stuart Kirk was suspended from HSBC pending an investigation , the Financial Times reported, after his remarks prompted a rebuke from the company’s chief executive, Noel Quinn. Mr Kirk had addressed a conference called Moral Money with a presentation entitled “Why investors need not worry about climate risk”, in which he told the audience there was “always some nut job telling me about the end of the world”. “Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages and that’s a really nice place,” he told the London event. Mr Kirk was appointed as the head of HSBC’s responsible investing unit in July 2021, a role that involves looking at th...

  A security guard has been killed at the Qatar Embassy in Paris after the suspect allegedly forced their way into the building. The incident happened at 7.45am on Monday at the building which is close to the Champs-Élysées. The 44-year-old guard was allegedly attacked following an altercation as the suspect entered the building, according to reports by news station actu17.fr. It says the 40-year-old assailant, who is known to the police, was arrested on the scene. The French prosecutor’s office has confirmed the death and has launched a criminal investigation. “I can confirm that an investigation was opened today on the count of murder,” the prosecutor’s office said, adding that it was not clear yet if a weapon had been used. “The circumstances of the death of the guard are yet to be determined precisely.” A source close to the investigation said that the death did not appear to have been a terrorism act. The embassy was not immediately available for comment. This is a developing ...

  Sahara Group has said it is unreasonable to ask it to deposit more money as funds worth ₹ 24,000 crore are lying unutilised with SEBI for nine years Sahara Group on Wednesday said it is unreasonable to ask it to deposit more money as funds worth Rs 24,000 crore are lying unutilised with markets regulator Securities and Exchange Board of India (SEBI) for the last nine years and it was hurting the business interests of the group. The statement comes a day after SEBI chairman Ajay Tyagi had said that Sahara is yet to fully deposit the money ordered by the Supreme Court in August 2012 and that the group has so far given only around ₹ 15,000 crore while the total amount due to be deposited is ₹ 25,781 crore. According to SEBI’s 2020–21 annual report, the regulator had paid back only ₹ 129 crore to bondholders and that it was maintaining an escrow account with over ₹ 23,000 crore. In a statement, Sahara Group said Supreme Court had ordered on August 31, 2012 to deposit principal a...

  aliban has ordered all women in public to wear head-to-toe clothing that leaves only their eyes visible Women television presenters on Afghanistan’s leading news channels have vowed to speak up for their rights after being forced by Taliban authorities to cover their faces on air. Since seizing power last year, the Taliban have imposed restrictions on civil society, especially on women and girls, to comply with the group’s austere brand of Islam. This month Afghanistan’s supreme leader Hibatullah Akhundzada ordered that women must cover up fully in public, including their faces. The feared Ministry for Promotion of Virtue and Prevention of Vice ordered women television presenters to follow suit. After defying the order a day earlier, presenters on Sunday wore full hijabs and veils that left only their eyes on view across leading channels including TOLOnews, Ariana Television, Shamshad TV and 1TV. “Today, they have imposed a mask on us, but we will continue our struggle using...

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 The central probe agency has filed a charge-sheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said. The Central Bureau of Investigation or CBI launched a coordinated search operation at over 10 locations in multiple cities today in connection with the NSE co-location scam case, officials said. The search operation will cover brokers at more than 12 premises in Mumbai, Gandhinagar, Delhi, Noida, Gurugram and Kolkata, among other cities, they added. The central probe agency has filed a charge-sheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said. The probe has so far established that from 2010 to 2015, when Ms Ramkrishna was managing the affairs of the NSE, OPG Securities, one of the accused in the FIR, had connected to the secondary POP server on 670 trading days in the “Futur...

  62-year-old fugitive businessman Mehul Choksi is wanted in India in connection with a Rs 13,500-crore fraud in the Punjab National Bank (PNB). PNB scam case: Fugitive diamantaire Mehul Choksi on Saturday got relief from the Commonwealth of Dominica where he was charged with illegal entry by the police. The prosecution of Dominica decided to withdraw/discontinue the legal proceedings in the illegal entry case against him. “Choksi is pleased that the Dominican Government has today dropped all charges against him for unlawful entry in May 2021. By doing so they now recognise that there was never any case against him. Choksi was forcibly removed from Antigua against his will by agents of the Indian State, viciously assaulted, and taken to Dominica by boat, where he was again unlawfully handed over to authorities for an offence he never committed. Choksi’s legal team continue to pursue all avenues for justice to redress the human rights violations committed against him. Choksi ho...

  Houses swept away, roads and railways lines broken and tunnels blocked with debris Flooding in India’s north-east Assam region killed nine people as incessant rains and landslides continued to devastate the remote mountainous state. Twenty-seven of Assam’s 33 districts have been hit by landslides and overflowing rivers since the beginning of this week, according to the Assam State Disaster Management Authority (ASDMA). Disaster response forces used boats and helicopters to rescue nearly 7,500 people on Thursday. “We have a death toll of nine including victims of flood and landslides. About 85,000 people are shifted to 172 relief camps. We are ensuring people remain safe and their health is taken care of,” Gyanendra Dev Tripathi, chief executive of ASDMA, told The National. “Reconstruction and relief operations are continuing with the help of disaster forces,” he said. Houses were swept away, roads and railways lines damaged and tunnels blocked with debris. Thousands of hect...

  Dignitaries paid tribute to Sheikh Khalifa and congratulated Sheikh Mohamed on his election as President The President, Sheikh Mohamed received further condolences from visiting world leaders and diplomats on Friday, following the death of Sheikh Khalifa. A host of international leaders, dignitaries and officials have travelled to Abu Dhabi in the past week to pay tribute to the late President, whose death was announced last Friday. Sheikh Mohamed was elected as the country’s third President on Saturday. Those offering their sympathies included Muhammadu Buhari, President of Nigeria; Joao Lourenco, President of Angola; Mahamudu Bawumia, Vice President of Ghana; Mohamed Hussein Robley, Prime Minister of Somalia, and Saudi Prince Turki Al Faisal. They reflected on Sheikh Khalifa’s legacy and record of achievements in steering the country’s development for 18 years. The international visitors also congratulated Sheikh Mohamed on his election as President and wished him well in lead...

 Israeli surface-to-surface missiles killed three people near the Syrian capital Damascus on Friday, state media said quoting a military source. “The Israeli enemy carried out an aggression… that led to the death of three martyrs and some material losses,” Syria’s official news agency SANA quoted the source as saying. The missiles came from the Israeli-occupied Golan heights and were intercepted by the Syrian air defenses, the military source said. AFP correspondents in the Syrian capital said they heard very loud noises in the evening. The Syrian Observatory for Human Rights war monitor said that the three people killed were officers and that four other members of the air defense crew were wounded. The Israeli strikes targeted Iranian positions and weapon depots near Damascus, the monitor said. A fire broke at one of the positions near the Damascus airport, where ambulances were seen rushing to the site of the strikes, according to the Observatory. The latest strike follows one ...

 Gustavo Manuel de Arístegui is a Spanish politician, diplomat and an international analyst. Gustavo de Arístegui comes from a long-standing diplomatic background, his father and grandfather were both senior diplomats posted as ambassadors in Latin America, Europe and the Middle East. Ambassador of Spain Mr. Gustavo de Arístegui called on the Deputy Chief Minister of Delhi Mr. Manish Sisodia at Delhi secretariat. The issue of Sisterhood Agreement between Delhi and Madrid was discussed during the meeting apart from other issues. Gustavo de Arístegui wanted to know the stand of the Delhi government on the Sisterhood Agreement between the city of Madrid, Kingdom of Spain and the NCT of Delhi. The Deputy Chief Minister told him that the concurrence for the same has been sent by the Delhi government to the officials. Gustavo de Arístegui also said during the discussion that Spain has a special place for India and has learnt a lot from the country. The Deputy CM said that India looks f...

  In a key development, former Managing Director of NRB Global Bank and Reliance Finance Limited, Prashant Kumar Halder was arrested on Saturday. In a key development, former Managing Director of NRB Global Bank and Reliance Finance Limited Prashant Kumar Halder was arrested on Saturday. PK Halder was arrested by the Enforcement Directorate, a day after the central agency carried out search operations at various premises linked to Bangladesh nationals. Apart from Halder, his associates’ premises across the state of West Bengal were also searched. In the searches that were carried out at the request of the Bangladesh Financial Intelligence Unit and Anti Corruption Commission, huge properties of PK Halder, including houses, and many important documents, including land deeds, have been recovered. Halder bought immovable properties, floated companies on fake identity cards In a press release, ED has said that Halder has been posing himself as an Indian citizen in the name of Shi...

 Georgia on Monday jailed for three and a half years a prominent journalist and owner of the country’s most popular television station critical of the Black Sea nation’s government. Nika Gvaramia, an anchor and owner of the pro-opposition Mtavari TV, was found guilty of harming financial interests of a television station he had earlier run, a judge of the Tbilisi city court said. Gvaramia has also been a lawyer of Georgia’s ex-president Mikheil Saakashvili who is serving a six-year jail term for abuse of power — a conviction he has denounced as politically-motivated. Gvaramia has said his case was aimed at silencing critical media. His lawyer Dito Sadzaglishvili said that the verdict was illegal, adding that “Gvaramia was taken into political captivity.” “Political repressions are under way in Georgia,” he said. “In democratic countries, journalists are not jailed for their dissenting views.” Georgia’s prominent TV personalities and managers have long accused the ruling Georgian Dr...

 A tourist bus with an apparently drowsy driver slammed into a billboard Monday on a highway on Indonesia’s main island of Java, killing at least 14 people and injuring 19 others, police said. The bus, carrying Indonesian tourists from Surabaya, the capital of East Java province, was returning from a trip to Central Java’s Dieng Plateau, a popular mountain resort, when it hit the billboard on the Mojokerto toll road just after dawn, East Java traffic police chief Latief Usman said. Television news showed police and medical personnel removing victims from the bus, which crashed just 400 meters before the highway exit. Usman said police are still investigating the cause of the accident, but that the driver reportedly appeared drowsy before the crash. He said police haven’t yet questioned the driver, who suffered severe injuries. Nineteen people were being treated in four hospitals in Mojokerto, mostly for broken bones. Road accidents are common in Indonesia because of poor safety st...

 RIYADH: Doctors in Saudi Arabia have successfully separated Yemeni conjoined twins after a “complicated” 15-hour operation, Saudi state media reported on Monday. The baby boys, Yussef and Yassin , were “conjoined in several organs,” and some 24 doctors were involved in the operation to separate them, the official Saudi Press Agency (SPA) said. The center’s doctors carried out the “four-phase surgery” separating Yussef and Yassin, describing it as “among the most complicated” they had performed, the SPA said Monday. Last July Saudi doctors separated a Yemeni baby from her parasitic twin, saying at the time it was their 50th successful operation on conjoined twins. In December a separate set of Yemeni twins were separated by doctors in Jordan’s capital Amman before being flown back to Sanaa, according to the UN children’s agency. Last week Saudi King Salman ordered that yet another set of Yemeni conjoined twins, girls named Mawaddah and Rahmah, be transferred to Riyadh “to conduct m...

  The new single ‘Candy Sugar Pop’ has fans going wild on social media S outh Korean boy band Astro was trending on Twitter on Monday as the six-member group released its much-awaited third full album, Drive to the Starry Road . K-pop stars MJ, Jinjin, Cha Eun-woo, Moon Bin, Rocky and Yoon San-ha also released the new album’s single Candy Sugar Pop . A live stream of the full album and new single took place at 7pm Korea Standard Time (2pm UAE time) on Monday, the title track’s music video achieved more than 130,000 views within one hour. It’s an upbeat dance-pop track that plays on the theme of love in a whimsical fashion, enhanced by an impressive dance performance. The video features plenty of candy-themed details and bright colours. Astro fans, which are collectively called Arohas, were going wild for the song on social media. “So glad #ASTRO came back with a fun-funky catchy title track,” wrote one fan on Twitter. “MV [music video] surpassed 130k views in 1 hour. Keep st...

  The Enforcement Directorate (ED) will produce her before a local court here seeking her remand. Jharkhand mining secretary Pooja Singhal was arrested Wednesday by the Enforcement Directorate in a money laundering case linked to alleged embezzlement of Mahatma Gandhi National Rural Employment Guarantee Scheme funds in Khunti and other suspicious financial transactions, officials said. Officials said the 2000-batch Indian Administrative Service (IAS) officer was taken into custody under criminal sections of the Prevention of Money Laundering Act (PMLA) after two consecutive days of questioning by the federal probe agency. Sources claimed Singhal was evasive in her replies, and hence was arrested. The Enforcement Directorate (ED) will produce her before a local court here seeking her remand. She had arrived at the probe agency’s regional office in the Hinoo area of Ranchi around 10:40 am for the second day of questioning and was arrested around 5 pm. Singhal was at the ED offi...

 GUWAHATI: After the ropeway accident in Jharkhand in which three persons died, the Guwahati Metropolitan Development Authority (GMDA ) has emphasised on regular maintenance of the ropeway service over the Brahmaputra in Guwahati so that there is no possibility of any such incident here. GMDA chief executive officer Kausar Jamil Hilaly told TOI, “The question of safety in Guwahati’s ropeway service after the Jharkhand incident is relevant. The ropeway over the Brahmaputra is very safe. Emphasis is being given on regular maintenance. The team concerned does maintenance work twice a day. Moreover, maintenance is also done by expert teams from outside the state twice a month. We also keep the ropeway service closed for 10 days in March every year for yearly maintenance. Usha Breco Limited is currently operating the ropeway service here in Guwahati after the Damodar Ropeways and Infra Limited completed its tendered period. Usha Breco Limited took over in March. Hilaly said the opera...

 Heads of government and state unable to make the journey in person have been sending messages The President, Sheikh Mohamed, receives foreign leaders for a second day China’s president and India’s prime minister are among leaders from around the world who have sent messages of congratulations to the UAE’s newly elected President, Sheikh Mohamed . His appointment was announced on Saturday after a meeting of the rulers of the Emirates in Abu Dhabi. Since then, some of the world’s leaders have travelled to the Emirates to congratulate Sheikh Mohamed in person, while others have sent their best wishes. India’s Prime Minister Narendra Modi said: “I am confident that under his dynamic and visionary leadership, our Comprehensive Economic Partnership Agreement will continue to deepen.” Chinese President Xi Jinping on Sunday sent a congratulatory message to Sheikh Mohamed on his election as President. Mr Xi said he stood ready “to work with the new president to deepen the comprehens...

  Star-studded cast honours British monarch at horse show near Windsor Castle Mounted troops from the Middle East were at the forefront of a star-studded equestrian show celebrating Queen Elizabeth II’s platinum jubilee. The British monarch was honoured with a standing ovation at the Royal Windsor Horse Show on Sunday. The queen, who is marking 70 years on the British throne, applauded as The Royal Cavalry Oman performed an expert display of horsemanship. Those at the open-air arena near Windsor Castle were treated to a traditional display, including a group of horses who laid down midway through the performance in an impressive move alongside their trainers. The Bahrain Defence Force and the Royal Canadian Mounted Police escorted the queen from the arena back to Windsor Castle after the show. King Hamad of Bahrain had been personally invited to the event by the queen but was unable to attend after the death of the UAE’s President Sheikh Khalifa on Friday. Tom Cruise and Dame ...

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  The world’s busiest hub records its busiest quarter since 2020 as transit traffic rebounds Dubai International Airport has raised its annual passenger traffic forecast for 2022 to 58.3 million, from an earlier projection of 57 million. The world’s busiest international airport recorded its busiest quarter since 2020 in the first three months of this year. Passenger traffic more than doubled during the reporting period to 13.6 million travellers, from 5.7 million in the same quarter a year ago, state-owned operator Dubai Airports said on Thursday. The recovery recorded over the past consecutive quarters was initially led by point-to-point traffic, which continues to exceed pre-coronavirus levels, said Paul Griffiths, chief executive of Dubai Airports. However, the opening of borders in many key markets resulted in transfer traffic rebounding to 60 per cent of 2019 levels, he said. The airport’s performance is a “direct outcome of Dubai’s clear strategy and efforts to restore ...