Virginia's attorney general says Republican Gov. Glenn Youngkin’s new model policies for the treatment of transgender students are in line with federal and state nondiscrimination laws and school boards must follow their guidance
from ABC News: US https://ift.tt/mgkvSQc
via
Thursday, 24 August 2023
Hindustan Aeronautics Limited Hits All-Time High, Stock Turns Ex-Dividend
Shares of state-owned Hindustan Aeronautics Ltd (HAL) hit fresh lifetime highs as the stock turned ex-dividend on Thursday.
An ex-dividend date is the day on which a stock starts trading without the benefit of the next scheduled dividend payment.
The HAL stock gained as much as 2.7 per cent in trade on Thursday to hit a new all-time high of Rs 4,138.80 per share in the morning session on BSE. However, it soon erased all its gains to trade in the negative at Rs 3,989, down 1 per cent, by 11:25 AM.
A spurt in trading volume was also seen, with the number of shares changing hands on BSE jumping 1.2 times the daily average during the morning session itself.
To recall, the board of directors of the company had declared a final dividend of Rs 15 per equity share of Rs 10 each fully paid up (150 per cent) for the financial year 2022-23.
The record date for the payment of the final dividend, if approved by the shareholders in the company's annual general meeting (AGM), was set as August 24, 2023. The dividend shall be paid to the shareholders within 30 days from the date of its approval.
The 60th AGM of the company will be held on August 31, 2023, at 1500 Hours through video conferencing (VC) or other audio-visual means (OAVM).
Earlier in March 2023, HAL had paid an interim dividend of Rs 20 per share to the eligible shareholders for fiscal 2022-23. Before that, in calendar year 2022, the company had paid dividends thrice to its shareholders -- Rs 20 per share in November, Rs 10 per share in August and Rs 26 per share in February.
The company had recorded 31 per cent growth in its consolidated net profit at Rs 814 crore for the first quarter ended June 2023 (Q1 FY24) compared with Rs 620 crore in the year-ago period. Revenue from operation
from NDTV Profit-Latest https://ift.tt/iYCf4vq
via
North Carolina governor to veto election bill, sparking override showdown with GOP supermajority
Wednesday, 23 August 2023
Judge clears the way for a civil case to proceed against Alec Baldwin and 'Rust' producers
SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order
SpiceJet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran.
The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for SpiceJet and Singh were not present.
Later, SpiceJet's counsel mentioned the matter before the bench which then listed it for hearing on Thursday.
On July 31, the single judge had upheld the award announced by the arbitration tribunal on July 20, 2018 in favour of Maran and his company Kal Airways.
“There is nothing in the impugned award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this court.
"In the instant case, the petitioners have not been able to prove that the impugned arbitral award is patently illegal, against public policy of India or fundamental policy of law and thus have failed to make out a case for the award to be set aside,” the single judge bench had said in its verdict.
It had said the court was barred from entering into the merits of an award unless there was an error that was apparent on the face of the record or an illegality that goes to the root of the matter.
Ajay Singh had approached the high court challenging the arbitral award.
The high court had said the petitioners had failed to substantiate the grounds for setting aside the arbitral award and dismissed the two petitions by Spicejet and Ajay Singh.
The case dates to January 2015, when Singh, who owned the airline earlier, bought it back from Maran after it was grounded for months due to resource crunch.
While the tribunal had asked Maran to pay Singh and the airline Rs 29 crore in penal interest, Singh was asked to refund Rs 579 crore plus interest to Maran.
The tribunal, created in 2016 on the orders of the Delhi High Court to adjudicate the share transfer dispute, had held that there was no breach of a share sale and purchase agreement reached between Maran and current promoter Ajay Singh in late January 2015.
In a relief to Ajay Singh, the tribunal had, however, rejected Maran's appeal for damages of Rs 1,323 crore from the Gurugram-based carrier.
In February 2015, Maran of the Sun Network and Kal Airways, his investment vehicle, had transferred their 58.46 per cent stake in SpiceJet to Singh for Rs 2 along with Rs 1,500 crore debt liability, after the airline was grounded due to a severe cash crunch. Singh was the first co-founder of the airline and is now its chairman and managing director.
As part of the agreement, Maran and Kal Airways had claimed to have paid SpiceJet Rs 679 crore for issuing warrants and preference shares. However, Maran approached the Delhi High Court in 2017, alleging SpiceJet had neither issued convertible warrants and preference shares nor returned the money.
from NDTV Profit-Latest https://ift.tt/Ig03DGt
via
Amputees can get their body parts back for spiritual reasons, new Oregon law says
Tuesday, 22 August 2023
New president of Ohio State will be Walter 'Ted' Carter Jr., a higher education and military leader
Adani TotalEnergies E-Mobility Partners With Evera Cabs For Charging Hubs
Adani TotalEnergies E-Mobility Limited (ATEL) will set up EV charging infrastructure with all-electric cab aggregator, Prakriti E-Mobility (Evera), the company said on Tuesday.
"The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility," it said in a statement.
Adani TotalEnergies E-Mobility Limited (ATEL) is a wholly-owned subsidiary of Adani Total Gas Limited, the equal joint venture of Adani Group and French energy giant TotalEnergies.
ATEL is setting up EV charging ecosystem with a wide range of charging points catering to B2C and B2B customers.
The partnership with Evera comes at a time of rising EV demand, though charging infrastructure still remains scant.
It will "help catalyse India's 2030 decarbonization target, supported by a rising inclination towards electric vehicles in the cab-hailing segment," the statement said.
ATEL and Evera hope to bridge the existing EV infrastructural gaps in India, targeting key highways, workplaces, and other locations with convenient and fast-charging AC and DC solutions.
"We are excited to join hands with Evera in developing this prestigious project in the Delhi-NCR region, further strengthening our long-term strategic partnership. We are already engaged with Evera for operating its cluster hub at Okhla, Delhi.
"The upcoming hub is strategically located in close proximity to the Delhi International Airport and will support Evera to provide green rides to customers. The hub will include commissioning of approximately 200 EV charging points, which will be a combination of AC & DC chargers," said Suresh P Manglani, CEO, ATGL.
The large-sized EV charging station at Samalkha will allow use by other aggregators and individual EV owners to increase crossutilization and to improve the EV ecosystem in New Delhi. This model will then be replicated pan-India. ATEL and Evera will enable this infrastructure on a revenue-sharing model, which becomes strategically resourceful by championing the partners' individual expertise.
Commenting on the collaboration, Nimish Trivedi, Co-Founder & CEO, Evera, said, "This association will foster a user-friendly experience for Evera cab drivers as well as all electric vehicle owners by eliminating anxiety to travel farther distances.
"We are developing this with the aim to realize a sinewed mobility infrastructure that is green, climate-conscious, and sustainable. We could not be more excited to combine forces with ATEL to propel India's EV infrastructure that drives electric vehicle adoption among individuals, businesses, and cab aggregators." The upcoming charging station in the capital will not only eliminate range anxiety but also promote widespread adoption of electric vehicles, the statement added without giving out the number of EV charging stations the joint venture was planning to set up.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
from NDTV Profit-Latest https://ift.tt/fzDmB6d
via
Monday, 21 August 2023
Former President Donald Trump's bond is set at $200,000 in Georgia case over efforts to overturn 2020 election results
Montana asks judge to allow TikTok ban to take effect while legal challenge moves through courts
Maryland man charged with ISIS-inspired plot pleads guilty to planning separate airport attack
Prosecutor asks judge to throw out charges against Black truck driver mauled by police dog in Ohio
Georgia sheriff pleads guilty to groping TV Judge Hatchett
Subscribe to:
Comments (Atom)