3 reasons why I’d buy stocks now and aim to hold them forever

first_img See all posts by Peter Stephens Enter Your Email Address Simply click below to discover how you can take advantage of this. Peter Stephens | Friday, 5th February, 2021 Our 6 ‘Best Buys Now’ Shares Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Get the full details on this £5 stock now – while your report is free. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. A strategy to buy stocks now and hold them over the long run has been relatively successful in the past. This does not mean it will necessarily be profitable in future. However, giving holdings with time to deliver on their potential could be a shrewd move.Furthermore, the potential for a long-term economic recovery could lift the performances of many businesses in the coming years. This could lead to rising stock market valuations from which short-term investors do not fully benefit.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Buying stocks today to benefit from a potential economic recoveryAn economic recovery from today’s challenges cannot be guaranteed. However, the past performance of the economy suggests that it is likely to take place in the coming years. After all, no recession or depression has ever been permanent in nature. A plan to buy stocks now could be a means of benefiting from a potential improvement in operating conditions for many businesses.Of course, some companies and sectors may respond more positively than others to an economic recovery. Therefore, it is important to reduce risk through diversifying across a wide range of companies. In doing so, it may be possible to harness a long-term recovery that also leads to improving investor sentiment and rising stock prices.Providing time to deliver on strategy changesThe coronavirus pandemic has caused many companies to experience disruption and change within their industries. For example, retailers may need to shift additional resources online. Similarly, hospitality companies may need to service consumers at home to an increasingly large extent.A plan to buy stocks and hold them for the long run provides businesses with the opportunity to put into effect their revised strategies. They may take time to develop and implement. They may take even longer to make a positive impact on financial performance. Clearly, there is no guarantee that strategy change will lead to a rising share price. But, allowing a company the time to grow could be a prudent move.A short-term focus may cause additional challengesA long-term focus when buying stocks may also be beneficial because of the potential for high volatility in the stock market. Even though there has been a market rally since the 2020 market crash, an uncertain economic outlook may mean there is scope for further ups and downs in future.This could negatively impact both long- and short-term investors. However, investors with a long-term focus may be able to capitalise on it through buying shares when they trade at lower prices. They may deliver on the aim of experiencing a recovery over the long term. Furthermore, they may be less concerned by the performance of their portfolios in the short run, in terms of experiencing paper losses, if they are focused on valuations over a long time horizon. 3 reasons why I’d buy stocks now and aim to hold them forever FREE REPORT: Why this £5 stock could be set to surge Image source: Getty Images last_img read more

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South Africa stun Scotland with eight-try romp in Port Elizabeth

first_imgSunday Jun 29, 2014 South Africa stun Scotland with eight-try romp in Port Elizabeth South African handed debuts to six players en route to a 55-6, eight try victory over Scotland at the Nelson Mandela Bay Stadium in Port Elizabeth on Saturday. The win completes the Springboks’ clean sweep in the June International window. Young Handre Pollard started at flyhalf for the hosts, after having captained the Under 20 South African side in the Junior World Cup final just a week ago. He was one of multiple players that coach Heyneke Meyer handed debuts too for this once-off Test.Marcell Coetzee, Lwazi Mvovo and Lood de Jager scored two tries apiece as South Africa powered past a Scotland side that won their three previous Tests, but weren’t all that convincing. New coach Vern Cotter has remained postive however, stating that fatigue contributed to the heavy loss.“There was a little bit of fatigue. We came across a powerful side. I thought the guys showed character. It’s been a positive tour. For players and staff, it’s been good.”The Springboks were missing numerous players to injury and unavailability due to English and French club commitments, but pulled together nicely as new combinations were explored.Pollard was impressive in his first senior outing, justifying his rapid rise to the top. He kicked five conversions and a penalty, while the other two tries were scored by Willie le Roux and JP Pietersen.“We are very happy with the game, just in the 15 minutes before halftime we got a bit loose and made some mistakes. But after halftime we pulled it together and started playing well again,” said captain Victor Matfield post match.Quick highlights from the match are below and will be replaced with a longer video when possibleADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Unions demand end to anti-worker system

first_imgAfter the shock of Trump’s victory in 2017, unions have been relatively quiet  with no major protests. At the same time, anger among working women and men has been growing, along with right-wing attacks on unions.A coalition of the major public service unions, those most directly under attack, has called for nationally coordinated protests, Working People’s Day of Action, on Feb. 24 in 25 cities. The unions involved are the American Federation of Teachers; National Education Association; American Federation of State, County and Municipal Employees; and Service Employees Union.The protests were sparked by the Janus v. AFSCME case, due to be heard by the U.S. Supreme Court on Feb. 26, but they go much deeper. The union coalition is calling for “working people and our allies” to join forces in “standing up for our freedoms and demanding an end to a system that’s rigged against us. We will rise up and fight.”What the struggle is aboutCurrently, unions have contracts that protect their members, with regard to not only higher salaries and benefits, but also safer working conditions, an end to unpaid overtime, and limits on arbitrary hiring and firing. A union contract at a workplace or within an industry protects all workers to a degree, not just those who have actually joined the union. A union contract puts a floor under the salary and conditions that nonunionized workers face.For the past 50 years, workers and the unions that protect them have been under unceasing attack from billionaire capitalist owners who have rigged the system to protect their profit making.In the 1970s, 30 percent of U.S. workers were in unions. Now, according to the U.S. Bureau of Labor Statistics, only 10.7 percent of U.S. workers are in unions, with 6.5 percent in the private sector and 34.4 percent in the public sector.A main tool in the billionaires’ attack on unions is instituting so-called “right to work” laws. If a union has won a democratic election at a particular workplace, it is legally obligated to bargain for and represent all the workers. A worker has the right to not join the union, but the union is still obligated to represent all of them. Bargaining and enforcing a union contract are an expensive proposition. What a right-to-work-(for-less) law does is prevent unions from insisting that workers who don’t join still pay their “fair share” for union representation.Bruce Rauner, the billionaire governor of Illinois, originally started the lawsuit against AFSCME Council 31. Rauner’s suit attempted to weaken this Illinois local by banning “fair share” fees for unions involved in state government. When the federal district court said Rauner didn’t have standing to bring the suit, he found a state employee — Mark Janus — willing to allow the legal challenge to proceed in his name.The Janus suit is backed by the Liberty Justice Center (an arm of the right-wing Illinois Policy Institute) and the National Right to Work Foundation, both part of a network funded by corporate billionaires who use the U.S. legal system to pass rules against the rights of everyday working people.“Right to work” began in the 1930s as a crusade to preserve white supremacy over Black working people in states of the former Confederacy. Today Black workers are more likely to be union members than white, Asian or Latinx workers, according to the Bureau of Labor Statistics.Black women face a double wage gap, in both gender and race. They make up 17.7 percent of public sector workers, although African Americans make up only 12.3 percent of the U.S. population, according to the U.S. Census Bureau. Unions have a measurable impact in reducing the pay gap Black women face. An adverse decision in the Janus case will increase the inequalities both male and female Black workers already suffer.A few months ago, public service unions were getting ready for Janus by simply having their workers sign new dues checkoff cards, to try to keep membership stable.  But in the past few months, workers’ anger has grown into a feeling that their unions have to fight back.The union leadership in general would probably prefer to push for voting in the upcoming congressional elections elections. But the ballot box is months away and the class struggle is snapping at their heels right now.Workers are calling for a fight. The impressive number of nationally coordinated demonstrations is a good start. As of this writing, they are scheduled coast to coast in the following cities: San Diego; Phoenix; Las Vegas; Albuquerque, N.M.; Houston; Miami; Orlando, Fla.; Atlanta; Memphis, Tenn.; St. Louis; Louisville, Ky.; Sioux Falls, S.D.; St. Paul, Minn.; Cedar Rapids, Iowa; Chicago; Madison, Wis.; Detroit; Columbus, Ohio; Buffalo, N.Y.; Erie, Duncansville and Boyertown, Pa.; Philadelphia; Washington, D.C.; and New York City.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Journalist reported kidnapped and threatened with death

first_img News News Follow the news on Turkey to go further Organisation April 2, 2021 Find out more TurkeyEurope – Central Asia Help by sharing this information April 28, 2021 Find out more News Turkey’s never-ending judicial persecution of former newspaper editorcenter_img Reporters Without Borders said today it was concerned about the apparent kidnapping of journalist Ahmet Un and death threats he had received.”The Turkish authorities must do everything they can to clarify this incident, if it proves to be true, punish those responsible for the crime and guarantee the security of the journalist,” said Reporters Without Borders secretary-general Robert Ménard.Un, who works for the weekly Firatta Yasam, in Diyarbakir, is reported to have been kidnapped on 4 September by armed men who said they were police and intelligence agents. He is thought to have been taken to a deserted spot outside the town, interrogated about his work and threatened with death to force him to sign a promise to supply his kidnappers with information.Obstacles to the free flow of information are very serious in Turkey. April 2, 2021 Find out more TurkeyEurope – Central Asia RSF_en Journalists threatened with imprisonment under Turkey’s terrorism law Human rights groups warns European leaders before Turkey summit News Receive email alerts September 10, 2002 – Updated on January 20, 2016 Journalist reported kidnapped and threatened with deathlast_img read more

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Assemblymember Chris Holden Introduces Legislation Which Would Prohibit Building the 710 Freeway Extension Tunnel Under Pasadena

first_imgGovernment Assemblymember Chris Holden Introduces Legislation Which Would Prohibit Building the 710 Freeway Extension Tunnel Under Pasadena His bill, AB 287, would prohibit state from building 710 tunnel extension By EDDIE RIVERA, Community Editor Published on Thursday, February 9, 2017 | 11:05 am Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week More Cool Stuff Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy State Assemblymember Chris Holden announces his proposed legislation that would prohibit building a tunnel to complete the 710 freeway gap at a press conference near the South Pasadena Metro Gold Line Station on Thursday, Feb. 9, 2017.In a dramatic development in the 50 year-old battle over the extension of the 710 Freeway and the construction of a tunnel to fill the corridor gap between the I-10 and I-210 Freeways, State Assemblymember Chris Holden has introduced a bill which, if passed, will completely remove the possibility of a tunnel to extend the freeway.“In light of California’s landmark climate legislation that mandates the rapid reduction of our greenhouse gas emissions, it is clear that the State Route 710 tunnel project is a misguided and obsolete solution,” said Holden at a press conference this morning at the South Pasadena Metro Station.Joining Holden in announcing the bill—AB 287—were Pasadena Mayor Terry Tornek, and Councilmembers Andy Wilson and Steve Madison, former Pasadena Mayor Bill Bogaard, along with leaders from a number of San Gabriel valley cities, including South Pasadena and Sierra Madre.The bill would establish the I-710 Gap Corridor Transit Study Zone Advisory Committee, with representatives from Pasadena, South Pasadena, Alhambra, Los Angeles, Caltrans and Metro. The committee would also include legislators representing the 710 Corridor Gap Communities.Said Holden, “This committee will be tasked with recommending the most appropriate and feasible solution for the 710 Corridor gap that effects the San Gabriel Valley. The committee will review a wide range of traffic calming, green space and mass transit options for the 6.2 mile gap and recommend a viable community supported solution that creates jobs for the San Gabriel Valley.”The bill specifically prohibits the State Department of Transportation from building the 710 Tunnel.Speaking to the cost of the proposed tunnel, Holden said, “Constructing a tunnel could cost up to a billion dollars per mile. Compare that to the recent extensions of the Gold Line which cost less than a billion dollars for 20 miles.”“It’s really important that (Assemblymember Holden) has added his powerful voice to the rising chorus of voices that continue to object to trying to impose this early 20th-Century solution to this 21st Century problem,” said Mayor Tornek. “The important thing is that it’s not enough to just say ‘no’ to something, you have to say, ‘What do we do?,’ and his bill contemplates taking a look at the alternatives, and simply objecting to something we are not even considering anymore.”“It’s nice that people like Chris are finally waking up to this problem,” said Jim Miller of the No 710 Action Committee. Asked what the bill would mean to the work that his committee has done, Miller said, “After fifty years, it may be over.”Thinking beyond the 710 issue, and discussing the larger transportation issues in the San Gabriel Valley, Holden also suggested extending the Metro light rail system to create a loop that connects cities beyond the San Gabriel Valley, into communities like Downey and Whittier.Added Holden, who cautiously anticipated swift movement of his bill, “Before any final recommendations are made, we have the opportunity to set a precedent for what transportation can be in California. Our state led the way by building one of the most advanced freeway systems in America, and we should lead the way now by taking a 21st Century approach to addressing our transportation needs.” 2 recommended0 commentsShareShareTweetSharePin it Community News Top of the News Make a comment Your email address will not be published. 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Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeautyA Dark Side Of Beauty Salons Not Many People Know AboutHerbeautyHerbeautyHerbeautyZac Efron Is Dating A New Hottie?HerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newslast_img read more

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Freddie Mac Hits Credit Risk Transfer Milestone

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: FHA Makes Enhancements to Distressed Loan Sales Program Next: Fannie Mae’s Mortgage Portfolio Value Tumbles Share Save June 30, 2016 943 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Risk Transfer Freddie Mac 2016-06-30 Brian Honea Tagged with: Credit Risk Transfer Freddie Mac Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Freddie Mac Hits Credit Risk Transfer Milestone Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Hits Credit Risk Transfer Milestone The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Freddie Mac has obtained three new insurance policies under its Agency Credit Insurance Structure (ACIS) program, representing the largest aggregate transaction to date, and a new milestone reached.The new policies provide a combined maximum limit of approximately $788 million of losses on single-family loans and transfer much of the remaining credit risk associated with three of the Structured Agency Credit Risk debt issuances this year. These transactions, aided by Chicago-based risk management firm Aon Benfield, transfer “a significant portion of mortgage credit risk on approximately $75 billion of unpaid principal balance on single-family mortgages” Freddie Mac announced Thursday.All this means that Freddie Mac has now placed $5 billion in insurance coverage through 20 ACIS transactions since the program’s inception in 2013.”We are pleased to have reached another significant issuance milestone in our single-family credit risk transfer program,” said Kevin Palmer, senior vice president of single-family credit risk transfer for Freddie Mac. “Our evolving and maturing ACIS program continues to attract a growing amount of capital from domestic and foreign insurers and reinsurers, as evidenced by the record number of counterparties who helped to make today’s announcement possible.”Aon Benfield CEO Eric Andersen said, “After a period of educating insurers and reinsurers on U.S. mortgage credit risk, we have found they have become comfortable and very receptive to this new line of business. We are pleased to have the opportunity to continue to work alongside Freddie Mac to create sustainable re-insurance capacity in this sector, and consequently an ever more stable U.S. housing market environment.”Freddie Mac was the first agency to such types of credit risk transfer transactions as ACIS. Since 2013, through ACIS and other programs such as the Structured Agency Credit Risk (STACR) series, Freddie Mac has transferred a substantial portion of credit risk on more than $525 billion of unpaid principal balances on single-family mortgages. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Subscribelast_img read more

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Racial Disparities in Lending and Foreclosure Trends

first_img Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News Borrowers Clever.com HMDA Lender Discrimination Lenders Loan mortgage 2019-07-04 Radhika Ojha July 4, 2019 2,483 Views Tagged with: Borrowers Clever.com HMDA Lender Discrimination Lenders Loan mortgage Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Previous: The Value of Rent Payment Reporting Next: Parts of a Whole in Default Servicing About Author: Radhika Ojhacenter_img Subscribe Related Articles Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Racial Disparities in Lending and Foreclosure Trends Racial Disparities in Lending and Foreclosure Trends Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post African-Americans are twice as likely to be denied a mortgage when controlling for income, according to a Clever.com study.The study, which analyzed Home Mortgage Disclosure Act (HMDA) data from the Federal Financial Institution’s Examination Council (FFIEC) about applicant and borrower characteristics, revealed that applicant data points were limiting and that HMDA’s data set is missing important variables like why applicants were denied.In fact, it found that 52% of black applicants had no reason listed for their mortgage being denied.Amongst its key findings, the study said that when controlling for income, the disparity between white and black mortgage approval rates was most pronounced in the South. Eighty-nine percent of white applicants are approved in Southern states, compared to 76% of black applicants, it indicated.The states where black applicants are least likely to get approved included Kansas, South Carolina, Mississippi, Louisiana, Arkansas, Delaware, and Alabama. In South Carolina, the study said that 49% of black applicants were denied applications compared to 8% of white applicants, not controlling for income.While it found the least racial disparity in mortgage lending in the West, the study said that “the difference between approval rates is still statistically significant, indicating racial discrimination in the mortgage industry is a nationwide issue.”It found four exceptions to this rule. In Montana, Idaho, Hawaii, and Vermont the number of mortgage loan denials were higher for white borrowers than Black. Additionally, in these states, the discrepancy between black and white approval rates is less than 7%.Looking at borrowers by race, it indicated that “mortgage applicants are predominantly white.” Out of the sample of 1.7 million applicants analyzed by Clever.com, more than 1.4 million mortgage applicants were white, compared to 80,442 African Americans, 93,762 Asian Americans, 29,293 American Indians, and 15,645 Native Hawaiians or Pacific Islanders.The study also found that African-Americans and Hispanics were more likely to be at risk of foreclosures. This, because African-Americans (105%) and Hispanics (78%) were more likely to use high-cost mortgages to purchase a home. The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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NCLAT Refuses To Entertain Devas Shareholder’s Appeal Against NCLT Order Appointing Provisional Liquidator On Antrix’s Plea

first_imgNews UpdatesNCLAT Refuses To Entertain Devas Shareholder’s Appeal Against NCLT Order Appointing Provisional Liquidator On Antrix’s Plea LIVELAW NEWS NETWORK12 Feb 2021 3:48 AMShare This – xThe National Company Law Appellate Tribunal(NCLAT), Chennai Bench, has refused to entertain an appeal filed by Devas Mauritius Employees Private Ltd – a shareholder of Devas Multimedia Private Ltd – challenging the order passed by the National Company Law Tribunal (NCLT), Bengaluru bench, which appointed a Provisional Liquidator for Devas while admitting a winding up petition filed by…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe National Company Law Appellate Tribunal(NCLAT), Chennai Bench, has refused to entertain an appeal filed by Devas Mauritius Employees Private Ltd – a shareholder of Devas Multimedia Private Ltd – challenging the order passed by the National Company Law Tribunal (NCLT), Bengaluru bench, which appointed a Provisional Liquidator for Devas while admitting a winding up petition filed by ISRO-arm Antrix Corporation Ltd.The NCLAT however granted liberty to the appellant, a 3.48% shareholder of Devas Multimedia , to file necessary application before the NCLT to get itself impleaded in the case to raise objections to the winding up plea.The Appellate Tribunal observed that the Tribunal has only passed an order of admission, which cannot be regarded as having affected the interests of the appellant, and added that the appellant has an opportunity to raise its objections before the NCLT.”It is relevantly pointed out that just because an ‘Order of Admission’ is passed at the initial stage, the Appellant’s interest is not likely to be affected or prejudicial because latent and patent reason that still it may get an opportunity to be heard when its Petition is Allowed”, a bench of Justice Venugopal M(Judicial Member) and Balvinder Singh(Technical Member) held.It was on January 19 that the National Company Law Tribunal, Bengaluru, admitted the petition filed by Indian Space Research Organization’s commercial arm Antrix Corporation Ltd to wind up Devas Multimedia under Sections 271 and 272 of the Companies Act 2013. The NCLT also appointed a provisional liquidator for Devas Multimedia after making a prima facie observation that its incorporation was done in a “fraudulent manner” and that it had “resorted to various frauds, misfeasance, connivance with officials in obtaining contract dated 28.01.2005 from Antrix”.Devas Employees Mauritius Ltd., a 3.48% shareholder in Devas and also an investor approached the NCLAT against the appointment of the Provisional Liquidator on the ground that principles of natural justice were violated as they were not given adequate opportunity under the provisions of the Companies Act. Opposing this, Antrix Corporation argued that a cumulative reading of 271, 272 and 273 of the Companies Act allows the NCLT to appoint a provisional liquidator even without giving an opportunity of being heard if it is convinced of sufficient cause. Antrix also argued that the entire Appeal Memorandum did not contain a single ground of defense against the multiple allegations of fraud apparent against Devas. Lastly Antrix argued that, NCLT is an original adjudicating authority and the allegations of fraud can be decided by the NCLT and Devas can contest their case before NCLT if they can defend the case on fraud. The Provisional Liquidator, now handling the affairs of Devas submitted through his first report filed before the NCLT that it appears the company is a paper company and a complete sham entity with no business interests. Similar submissions were also made on behalf of MCA. The NCLAT dismissed the appeal filed by the shareholder/investor of Devas against the appointment of provisional liquidator stating that the can effectively be contested by them before the NCLT in the main petition by impleading themselves within two weeks.Senior Advocate PS Raman appeared for Devas Employees Mauritius Ltd before the NCLAT. Antrix was represented by Solicitor General Tushar Mehta and N Venkataraman, Additional Solicitor General, along with Chandrasekhar Bharti & Rohan K.George.On January 18, the Central Government had authorized Shri.Rakesh Shashibhushan, Chairman-cum-Managing Director of Antrix to present a petition to wind up Devas multimedia on the grounds specified under Section 271(1)(c) of the Companies Act.In 2011, the Devas-Antrix agreement of 2005 was annulled by the Centre in the backdrop of the 2G scam and allegation. On October 27, 2020, a federal court in the US had confirmed a $1.2 billion compensation awarded to Devas by an arbitration tribunal of the International Chamber of Commerce over the cancellation of the 2005 agreement between Antrix and Devas to build and launch two satellites to provide multimedia services. The Supreme Court of India had in November, until further orders, kept in abeyance the implementation of the US federal court order.Click here to read/download the orderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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Abbey Vocational School, Donegal Town to establish Aonad Gaeilge

first_imgHomepage BannerNews Abbey Vocational School, Donegal Town to establish Aonad Gaeilge Arranmore progress and potential flagged as population grows Previous articleLYIT awarded €2.7 million for role in cross-border renewable energy research centreNext articleOver 200 children in North West awaiting initial from CAMHS News Highland RELATED ARTICLESMORE FROM AUTHOR News, Sport and Obituaries on Monday May 24th Twitter The Abbey Vocational School in Donegal Town, under the management of Donegal Education and Training Board has announced plans to establish an Aonad Gaeilge within the school from September 2018.The Aonad will be part of the school’s site and will offer students subjects through the Irish language, including Gaeilge, Maths, History, Geography, Science and Religion.While, Physical Education; Civics, Social and Political Education; and Social, Personal and Health Education, will come under the new Wellbeing subject in the Aonad.Pupils will integrate with the wider school community for optional subjects such as; Metalwork, Woodwork, Technical Graphics, Music and Art. English and Modern Languages.The initial commitment by the school will be to offer the curriculum up to the completion of the Junior Cycle with an ongoing review of provision.In welcoming the announcement, Government Chief Whip Minister Joe McHugh says: There will be a strong emphasis on Irish culture and language through a range of new extra-curricular activities, and I welcome this measure in promoting and enhancing our Irish culture, which will undoubtedly assist these students and the local community.” Important message for people attending LUH’s INR clinic Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Google+center_img By News Highland – January 17, 2018 Twitter DL Debate – 24/05/21 Pinterest Harps come back to win in Waterford Pinterest Facebook WhatsApp WhatsApp Facebooklast_img read more

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NUMBER ONE FAN: Tim Magee is all in for Troy

first_imgTim Magee shows off his game ball from Troy’s first Division 1-A home game against North Texas. Skip Sponsored Content CHHS knocks off Pike County in overtime thriller By Scott Watkins The Charles Henderson Trojans came out on top in a thrilling 62-60 overtime finish against cross-county rivals… read more Plans underway for historic Pike County celebration Book Nook to reopen Remember America’s heroes on Memorial Day By Jaine Treadwell Email the author “Don’t want to do it,” Magee said as he adjusted the well-worn Trojan baseball cap that he just might be a little superstitious about. “Maybe it’s a hundred thousand dollars, maybe more, maybe less but it just doesn’t matter. When the Trojans are playing and if I’m kicking, I’m going to be there.”Magee is a die-hard Trojan fan. Wild horses couldn’t keep him away for the football games but die-hard Trojan fans aren’t hard to find. There are plenty of them around and for good reason. Troy football has brought a lot of recognition to the local university and to the city. The Trojans have been bowling and they’ve brought home conference championships and national championships. And, Magee has celebrated every win and lamented every loss up to 219 and counting.“When I ‘suit up’ Saturday for the New Orleans Bowl, that will be the 220th game I have seen the Trojans play,” Magee said, with a boyish smile spreading across his face. “What a ride!” The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Troy falls to No. 13 Clemson Latest Stories Print Article NUMBER ONE FAN: Tim Magee is all in for Troy Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? 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We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Magee has missed a few Trojan football games but only a few.And, what is a bit odd about Magee’s devotion to the Troy University Trojans is that his roots are not in Troy, not even in Alabama.He grew up in America’s Breadbasket and his Saturdays were spent in the grain fields, not in a football stadium.Magee was introduced to the Troy football back in Iowa around 1972 or 1973. Published 3:00 am Saturday, December 16, 2017 By The Penny Hoarder Pike County Sheriff’s Office offering community child ID kits You Might Like “Troy was the Red Wave back then but I never saw the Red Wave play,” he said. “I heard about them through friends. I started school at Troy State in 1976 and the Trojans have always been my team, my loyalty is to them, no divided loyalty here.If Alabama is playing for a national championship, I want them to win. If Auburn is playing for a national championship, I want them to win because that’s good for Alabama but Tim Magee’s team is all Troy.At one time, Magee had an attendance string of 137 consecutive Trojan games that began with the Trojans’ first Division I game in Lincoln, Nebraska. But, there were games before and games after and each one is engrained in Magee’s mind.“All games are big and the big wins stay with me but the tough losses really stick with me and they hurt,” he said. “I was in McAllen, Texas when the Trojans won the 1984 Division II National Championship and that’s one of my great memories.”And, had it not been for Trojan fan Charlie Nonnenmann, Magee would still be lamenting missing that Trojan highlight.Magee was just out of law school and his wallet was flat.“Charlie offered to loan me $290 to catch the chartered flight to the game,” Magee said. “I took the offer and paid him back $25 or $50 at a time when I got it. Charlie’s a great friend and he’s one of the many friends I’ve made through Trojan football.”Having been in the stands for 219 Trojan football games, Magee has great memories of exciting last second victories and agonizing and even embarrassing loses.But oddly enough, the Trojans 70-7 loss to the University of Montana Grizzlies in Missoula, Montana does not stick in Magee’s craw, as the saying goes.“We had traveled more than 2,000 miles to that game and it was bone cold,” Magee said. “But it was one of those places where the collateral experience outweighed the embarrassment of the loss.Magee and Joe Boutwell experienced the exhilaration of a mountain snowboarding and then a stillness so quiet that they could hear the snow falling.“Each game, each place offered me experiences that I would never have had otherwise,” Magee said. “I’ve been to 26 states, just for college football games. I’ve been to 25 post-season games. I’ve made many friendships and had a chance to see and do collateral things like going to ice hockey games, Major League Baseball games and NLF games. I’ve visited 100 sporting venues and visited college campuses all across the country and, there’s no place like Troy University.“I’ve followed the Troy Trojans wherever they have gone and I’ve never been anything but proud. My loyalty is to Troy. It’s my university and the Trojans are my team. Wherever I go, I say ‘Go, Troy’ and I say it with pride.” Tim Magee and Troy University football go together like hotdogs and fries or beer and pretzels or any other gridiron combination that comes to mind.Retired Troy football coach Larry Blakeney titled Magee the Troy Trojan’s Number One Fan and Troy University Chancellor Dr. Jack Hawkins, Jr. said Magee personifies the Trojan spirit and, who’s to argue with them?Blakeney ribbed Magee that he spent a small fortune following Troy University football. “And he was probably right but it’s been worth every penny I’ve spent,” Magee said.The Troy attorney has not put the pencil and paper to what he has spent following the Trojans just since September 1, 2001.last_img read more

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