ARDOVA PLC (ARDOVA.ng) Q12013 Interim Report

first_imgARDOVA PLC (ARDOVA.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2013 interim results for the first quarter.For more information about ARDOVA PLC (ARDOVA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the ARDOVA PLC (ARDOVA.ng) company page on AfricanFinancials.Document: ARDOVA PLC (ARDOVA.ng)  2013 interim results for the first quarter.Company ProfileARDOVA PLC formerly (Forte Oil Plc) sources and markets petroleum products in Nigeria which includes fuels, production chemicals, lubricants, greases and power generation for automobiles, aircraft, machines and equipment. The Fuel division supplies white petroleum products, aviation turbine kerosene and Jet A-1 aviation fuels; the Upstream division supplies ancillary products for the exploration and production sub-sector of the oil and gas industry; retail and industrial products include lubricants and grease; organic and petro-chemicals; premium motor spirit, automotive gas oil, dual purpose kerosene and fuel oils. Forte Oil Plc also has business interests in power generation through the 414MW Geregu power plant located in Kogi state. Established in 1964 and formerly known as African Petroleum Plc, the company changed its name to Forte Oil Plc in 2010. Its head office is in Lagos, Nigeria. ARDOVA PLC is listed on the Nigerian Stock Exchangelast_img read more

Does Jumia stock have long-term potential?

first_img 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. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! The high-calibre small-cap stock flying under the City’s radar African e-commerce giant Jumia Technologies (NYSE: JMIA) has been a hot stock to follow in the past year. The share price rocketed throughout the start of 2021, peaking at $65 in early February. However, the large-scale tech market sell-off, which I explained in a previous article, has driven share prices down drastically, even though it’s still up nearly six-fold in a year. Currently sitting at $29 per share, could Jumia stock be a good value buy?What is Jumia Technologies?Tagged the ‘Amazon of Africa’ Jumia is a Nigeria-based e-commerce company. With over 40m listed products, the firm sells to an enormous African market of over 1.2bn consumers. The firm’s business model consists of four parts: JumiaPay, Jumia Marketplace, Jumia Travel, and Jumia Food. Having such an extensive portfolio of products is one of the things I like about it.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…The African e-commerce market has seen an explosion in growth during the last five years as more and more countries are expanding internet capabilities. Analysts have projected e-commerce could be worth $75bn in leading African economies by 2025. Jumia seems to be harnessing this momentum, reporting a 50% rise in transactions during the first six months of 2020. Its stock price is likely to directly benefit from the increasing e-commerce presence in Africa. Still no profitOne problem that has haunted Jumia since its 2019 IPO is its losses. In its 2021 Q1 results, the firm announced operating losses of $41m. These are largely reflective of its ongoing infrastructure building to keep up with a growing consumer base. This gives the firm a temporary excuse for excessive losses. However, as a nine-year-old company, I would hope this investment would lead to some profits in the next few years.In addition to this, there are still problems with the lack of internet infrastructure in much of sub-Saharan Africa. The International Telecommunication Union estimates that just 28.2% of individuals use the internet there. This could severely curtail Jumia’s capabilities as well as its stock price.Future prospects for Jumia StockAlphabet‘s Google is one big-hitter that’s looking to capitalise on Africa’s extensive population growth. Through its Loon and Taara projects, the business is developing super-fast internet speeds through invisible light beams transmitted at high altitudes. Google has picked Africa as a target for this project and operations are already kicking off in Kenya. Facebook has announced a similar project to connect 23 countries in Africa and the Middle East to Europe via a 37,000km long undersea cable.Projects like these will massively increase Jumia’s reach, and will no doubt add millions of new customers to the internet-based business plan.Jumia: a buy now?I like the current price of Jumia stock. Though it has taken a drastic tumble from its February highs, I believe this marks a good value buy opportunity. While there are certainly some short-term profitability hurdles that need to be overcome, I own Jumia shares as I believe it’s in a position to capitalise on the rapidly growing African market. 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. Simply click below to discover how you can take advantage of this. Dylan Hood | Tuesday, 1st June, 2021 | More on: JMIA Does Jumia stock have long-term potential?center_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Dylan Hood owns shares of Jumia Technologies. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon and Facebook and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image sources: Getty Images. Enter Your Email Address See all posts by Dylan Hoodlast_img read more

E-1 / Naf Architect & Design

first_imgArchDaily Japan E-1 / Naf Architect & Design Architects: Naf Architect & Design Area Area of this architecture project CopyAbout this officeNaf Architect & DesignOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsShinagawaJapanPublished on July 04, 2017Cite: “E-1 / Naf Architect & Design” 04 Jul 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – FocusGlass3MGlass Finish – FASARA™ Fabric/WashiPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WoodParklex International S.L.Wood Finishes in Landaburu BordaSinksBradley Corporation USASinks – Frequency® FL-SeriesMetallicsTrimoFire Resistant Panel – Trimoterm FTVSkylightsVELUX CommercialModular Skylights – Northlight 40-90°SinksAcquabellaSink – LeviCurtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWoodBlumer LehmannData Processing for Wood ProjectsPorcelain StonewareCeramiche KeopeCeramic Tiles – EvokeChairs / StoolsBassamFellowsSpindle Chair and StoolMore products »Save想阅读文章的中文版本吗?“高冷”住宅 E-1 / Naf Architect & Design是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Manufacturers: Lixil Corporation, IOC Flooring, SK KakenMaximum Height:9.543 mMaximum Eave Height:9.000 mArchitects In Charge:Akio NAKASA, Masaya KATOCity:ShinagawaCountry:JapanMore SpecsLess SpecsSave this picture!© Toshiyuki YANORecommended ProductsWindowsC.R. LaurenceCRL-U.S. Aluminum Unit-Glaze SystemWindowspanoramah!®ah!38 – FlexibilityWoodLunawoodThermowood FacadesMetallicsStudcoWall Stop Ends – EzyCapText description provided by the architects. A long three-story flat which consists of 6 dwelling units, 3 studios and 3 duplexes, stands along private passage diverged from the street in front of the premises. Behind the entrance doors of the flat is White Layer, long and thin space whose entire surface is painted in white. Behind the White Layer is living space such as kitchen, dining and living room.Save this picture!© Toshiyuki YANOWhite Layer is facing south along the private passage, functioning as buffer zone between the passage and living space while receiving sunshine and wind from the passage and delivering them to living space. In terms of room layout, White Layer is where corridor and stairs are located, traffic line inside the flat, sometimes used as earthen floor, entrance, sun room, and work space.Save this picture!Floor Plans6 dwelling units have different room layouts but share the same structure of White Layer/ living space. Residents would go out from White Layer through private passage to street in front of the premises and to local community. The flat building with simple facade draws a slow curve, giving unified impression to the exterior.Save this picture!© Toshiyuki YANOThe premises is located within a several-minute walk from Musashi-Koyama station and Palm, largest shopping arcade in Tokyo, where convenience and enjoyment of life are scattered in the alleys. Save this picture!© Toshiyuki YANOThis project is aimed to build a flat with distinct presence and comfort in unique environment of the community.Save this picture!© Toshiyuki YANOProject gallerySee allShow lessSpace Renovation of No.5 Teaching Building / C+ ArchitectsSelected ProjectsSorrento Beach House / AM ArchitectureSelected ProjectsProject locationAddress:Shinagawa, Tokyo, JapanLocation to be used only as a reference. It could indicate city/country but not exact address. Share Save this picture!© Toshiyuki YANO+ 20 Share “COPY” CopyApartments•Shinagawa, Japan Photographs “COPY”center_img ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/875084/e-1-naf-architect-and-design Clipboard 2016 E-1 / Naf Architect & DesignSave this projectSaveE-1 / Naf Architect & Design Projects Photographs:  Toshiyuki YANO Manufacturers Brands with products used in this architecture project Apartments Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/875084/e-1-naf-architect-and-design Clipboard Area:  251 m² Year Completion year of this architecture project last_img read more

S House / Semiotic Arsitek

first_imgArchDaily Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/937392/s-house-semiotic-arsitek Clipboard Save this picture!© Sandi Baratama & Niko Adiatma+ 27Curated by Hana Abdel Share Photographs:  Sandi Baratama & Niko Adiatma Manufacturers Brands with products used in this architecture project Indonesia CopyHouses•Bekasi Selatan, Indonesia S House / Semiotic ArsitekSave this projectSaveS House / Semiotic Arsitek Area:  247 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/937392/s-house-semiotic-arsitek Clipboard Architects: Semiotic Arsitek Area Area of this architecture projectcenter_img 2019 Manufacturers: Dulux, Propan, Toto, Acor, Fumira, Google, KIA Ceramics, ZWCADArchitect In Charge:Sandi Baratama, Niko AdiatmaDesign Team:Andre RachmanaClients:Sendra Saragih, Ratih CintyadeviCity:Bekasi SelatanCountry:IndonesiaMore SpecsLess SpecsSave this picture!© Sandi Baratama & Niko AdiatmaRecommended ProductsDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaDoorsC.R. LaurenceCRL-U.S. Aluminum Entice Series Entrance SystemWindowsJansenWindows – Janisol PrimoText description provided by the architects. S House, is the home of a young couple with 3 children who are in the Pekayon area, West Bekasi. S House is an abbreviation of Split House, which means a house developed with the concept of split level, where the house utilizes space as efficiently as possible with the difference in the level of the short floor with connecting several stair traps at each level.Save this picture!© Sandi Baratama & Niko AdiatmaSave this picture!Third floor mezzanine planSave this picture!Section 02Save this picture!© Sandi Baratama & Niko AdiatmaHouses with dimensions of 7 meters wide and 15 meters long can accommodate the needs of a large enough space with a total of 247m2. The concept of split level in this house helps maximize the space requirements of clients who expect to have 5 bedrooms. The facade of the building with an asymmetrical metal roof is the identity of this house. The house that looks like 2 floors from the front has 7 different levels in it. To get around the height of the house from the front, the upper rooms use the attic room concept which is adjusted to the slope of the roof.Save this picture!© Sandi Baratama & Niko AdiatmaThe presence of a split level provides an opportunity for the existence of skylights in the middle of the house that can help maximize sunlight into the room while producing stack effects such as changing air circulation on the ground floor. With voids, people can interact and communicate directly from different floors. The house with a budget of about 3.8 million rupiahs / m2 is dominated by white paint, the aim is to give the impression that the house feels more spacious and open without exploiting artificial light during the day.Save this picture!© Sandi Baratama & Niko AdiatmaProject gallerySee allShow lessWhite Boat / IROJE KHM ArchitectsSelected ProjectsA House / Semiotic ArsitekSelected Projects Share “COPY” Photographs S House / Semiotic Arsitek “COPY” Year:  Houses CopyAbout this officeSemiotic ArsitekOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookBekasi SelatanIndonesiaPublished on April 14, 2020Cite: “S House / Semiotic Arsitek” 13 Apr 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogBathroom AccessorieshansgroheBath & Shower ThermostatsGlass3MGlass Finish – FASARA™ NaturalPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WindowsVitrocsaSliding Window – Mosquito NetSinksBradley Corporation USASinks – Verge LVG-SeriesMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassMetal PanelsLongboard®Aluminum Battens – Link & Lock – 4″Sports ApplicationsPunto DesignPunto Fit in Ekaterinburg Public SpaceWoodBlumer LehmannFree Form Structures for Wood ProjectsKnobsKarcher DesignDoor Knob K390 (50)TablesVitsœ621 Side TableMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Walmart cited for illegal firings as workers ramp up struggle

first_imgMarylandWalmart workers have taken on the biggest private employer in the United States. Aided by labor unions and supporters from community and progressive organizations, they have faced up to every hostile tactic employed by this ruthless transnational corporation, defending their own rights and those of all the employees.It is this strong fight against the global giant’s unfair labor practices that has led the National Labor Relations Board to consider 35 charges filed against the company by fired or disciplined Walmart workers. On Nov. 18, the NLRB Office of General Counsel found merit to some complaints of violations of the National Labor Relations Act by Walmart and approved complaints asserting that the corporation violated workers’ rights.The NLRB.gov blog says: “The Office of the General Counsel has authorized complaints on alleged violations of the NLRA. If the parties cannot reach settlements in these cases, complaints will issue.” The OGC agreed that Walmart representative David Tovar, speaking on national television last year, threatened reprisals against employees intending to strike or protest on “Black Friday.” Also, stores in 13 states had “unlawfully threatened, disciplined or terminated workers for engaging in legally protected activities,” and Walmart stores in four states had punished or fired employees for nonstrike activities.Making Change at Walmart said on Nov. 21 that “the Board will prosecute Walmart’s illegal firings and disciplinary actions involving more than 117 workers.”These brave workers have demanded that this global company pay decent wages, improve working conditions and show them respect on the job. The majority of employees earn under $25,000 a year, while the company annually rakes in profits of $17 billion. Members of the owning Walton family have more than $144 billion in assets and boast of four slots on Forbes’ list of the 10 richest people in the U.S.No trickle down for workersOn average, the workers earn $8.81 per hour. Many are involuntarily placed on part-time schedules. With incomes so low, many rely on federal food stamps and Medicaid coverageLast year, hundreds of workers decided they had had enough mistreatment and went on strike on “Black Friday.” Other job actions have taken place since then, including strikes. Supported by OUR Walmart and Making Change at Walmart — both linked to the Food and Commercial Workers union — as well as Occupy Wall Street and other youth, political and community groups, many demonstrations swelled to the thousands.Importantly, the public increasingly backs these struggles, out of solidarity and because so many workers are themselves still dealing with the economic crisis and a jobless or low-wage “recovery.” Fierce company reprisals are only increasing Walmart workers’ resolve and community support.Ultimately, it is the class struggle that will make gains for Walmart workers. Although the workers are rightfully trying every avenue they can, governmental agencies and the legal arena can’t bring complete resolution of their grievances and “settlement” talks won’t achieve higher pay or end workplace abuse.Despite the NLRB’s charges, Walmart’s superexploitation of its employees continues with no let-up — and no conciliatory moves. The workers must keep forcefully pushing back. Any gains they make are because they are taking action. There is no substitute for pressure by workers; they can slow down, stop working and walk out. Moreover, they are building solidarity at their workplaces and at other Walmart stores. The bosses fear this growing solidarity as much as they fear unionization.“Black Friday” demonstrations occurred again this year on Nov. 29 around the country. Workers World Party joined several and encouraged participation as an act of solidarity with Walmart workers. Their struggle boosts all workers, organized and unorganized, including underpaid workers in all industries.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Brexit conference underway today

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Brexit conference underway today Google+ Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Twitter WhatsApp WhatsApp Pinterest Facebook Previous articleSearches continuing today for missing elderly manNext articleChildhood sexual abuse victim bankrupts abuser admin Pinterestcenter_img The Driving Growth in the North West with the Challenges and Opportunities of Brexit conference is underway in Donegal today.The event hosted by Donegal and Derry City and Strabane District Councils will be the first in a series of events led by the two authorities in the context of new regional co-operation arrangements for growing the North West Region.Derry Councillor Mickey Cooper is at the conference today, he has described Brexit as an additional issue that was not forcasted but he now hopes questions can be answered …Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/12/cooperweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic Homepage BannerNews Google+ RELATED ARTICLESMORE FROM AUTHOR By admin – December 6, 2016 Gardai continue to investigate Kilmacrennan firelast_img read more

Writ Jurisdiction Can Be Exercised To Grant Bail On Health Grounds Even When Bail Has Been Rejected On Merits Under UAPA : Bombay High Court

first_imgTop StoriesWrit Jurisdiction Can Be Exercised To Grant Bail On Health Grounds Even When Bail Has Been Rejected On Merits Under UAPA : Bombay High Court Sharmeen Hakim22 Feb 2021 6:39 AMShare This – xAn undertrial accused of serious offences under the Unlawful Activities Prevention Act (UAPA) can be granted bail purely on grounds of sickness and advanced age, if it is found that his continued incarceration is endangering his life, the Bombay High Court has held in its order granting temporary bail to Bhima Koregaon- Elgaar Parishad accused – Dr PV Varavara Rao. A division bench…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?LoginAn undertrial accused of serious offences under the Unlawful Activities Prevention Act (UAPA) can be granted bail purely on grounds of sickness and advanced age, if it is found that his continued incarceration is endangering his life, the Bombay High Court has held in its order granting temporary bail to Bhima Koregaon- Elgaar Parishad accused – Dr PV Varavara Rao. A division bench of Justices SS Shinde and Manish Pitale said it was exercising its powers to direct Rao’s release, as an undertrial’s health cannot be ignored simply because he is accused of serious offences and his bail application is rejected on merits. “Thus, it becomes clear that the writ jurisdiction of this court under Article 226 of the Constitution cannot be said to have been ousted merely because the application for grant of bail has been rejected under Section 43D(5) of the UAPA, on a finding that the accusations against the undertrial are found to be prima facie true.” The Court, therefore, held that it could not be a “mute spectator” as Dr PV Varavara Rao’s health deteriorates again in government facilities. “The condition of old age, sickness, infirmity and multiple health ailments suffered by the undertrial indicate that his continued custody would be incompatible with his health conditions and that sending him back to Taloja Central Prison would amount to endangering his life, thereby violating his fundamental right under Article 21 of the Constitution of India,” the order read. The bench held that a constitutional court can release an undertrial from custody on health grounds even if his bail application is pending on merits. The court also significantly held that prisoners of an advanced age cannot be forced to live a subhuman existence behind bars, as the run the risk of their condition worsening in prison. “The prisoners of advanced age like the undertrial, who is about 82 years old, and such other prisoners suffering from various health ailments induced by old age when put beyond bars, certainly face the danger of their health conditions worsening and accelerating their journey towards the end of their life,” adding that this aspect must be considered if the accused ought to be released from custody. “The onset of old age and concomitant debilitating effect on the mental and physical conditions is an aspect which assumes great significance in the context of keeping such old aged persons behind bars.” The court rejected the National Investigating Agency’s arguments that this expansion of rights under Article 21 of the Constitution of India would lead to a deluge of petitions for release before the already over burdened HCs. “Merely because there is a possibility of filing of petitions under Article 226 of the Constitution of India for release of prisoners from custody on health grounds, it cannot be said that this court ought not to consider cases where such grounds are genuinely made out,” the order read. Eighty one year old Rao is incarcerated along with 15 other academics and civil rights activists in the Bhima Koregaon – Elgaar Parishad Case. He suffers from pre-existing health ailments like piles, prostate enlargement, coronary artery disease, Oedema/Anasarca (swelling of feet), Hypertension, Sinusitis, Migraine and Vertigo. The court noted that Rao’s medical reports show he is also suffering from cerebral atrophy, which can be age related, along with bouts of delirium induced by electrolyte imbalances. His lawyers had produced documents on to indicate a causal connection between cerebral atrophy and delirium leading to onset of dementia, it noted. “There can be no doubt about the fact that a person in the health status of the undertrial would face acceleration and intensification of ailments if he continues to remain in custody.” It held. The bench relied on the apex court’s judgement in the case Union of India v K.A. Najeeb where it was held that the rigours of provisions pertaining to grant of bail found in special statutes like the UAPA will melt down where there is no likelihood of the trial being completed within a reasonable time.The bench was considering the application filed by Varavara Rao under Section 439 of the Code of Criminal Procedure seeking bail on medical grounds and also the writ petition filed by his wife Pendyala Hemalatha seeking his release on the ground that his continued incarceration was a violation of Article 21 on account of his health situation.Some relevant observations from the judgment are as follows”..in special circumstances, a Constitutional Court can certainly exercise its jurisdiction under Article 226 of the Constitution in favour of an accused in custody, even when regular bail application has been rejected on merits under the provisions of special statutes like Section 43D(5)of the UAPA”.”..the writ jurisdiction of this court under Article 226 of the Constitution cannot be said to have been ousted merely because the application for grant of bail has been rejected under Section 43D(5) of the UAPA, on a finding that the accusations against the under trial are found to be prima facie true””Even if an application for bail on merits of such undertrial is pending before this court, that would also not prevent exercise of writ jurisdiction by this court to consider releasing the undertrial from custody, subject to the undertrial making out a special case on the ground that his continued incarceration is incompatible with his health condition and that if an order is not issued for his release for some period on health grounds, it would amount to endangering his life”Senior Advocates Indira Jaising and Anand Grover appeared for the petitioners. Rao’s Hospital visit Trajectory Noting the trajectory of his hospital visits, the bench observed he suffered from deterioration of his health at the Taloja Central Prison in May, 2020 itself. He was then shifted to JJ Hospital but his medical reports were not brought on record. The second time he was admitted to JJ Hospital in July, 2020 show Rao’s health had deteriorated because of electrolyte imbalance and he was showing signs of delirium, the bench noted, adding Rao was bleeding from his rectum and was suffering from Urinary Tract Infection. During this time, he also fell from the bed. Rao was then shifted to St George Hospital after he was found Covid-19 positive. The hospital recorded that Rao was suffering from delirium and perhaps dementia. As his health deteriorated further, the National Human Rights Commission intervened and Rao was shifted to Nanavati Super Speciality Hospital between July 19- August 27, 2020 . He was treated for tremors and was showing signs of delirium at Nanavati Hospital, and doctors also began using a catheter due to his UTI. The court noted that Nanavati’s doctors had given specific instructions for his close monitoring at the time of his abrupt discharge to Taloja Prison. The court noted that the State hasn’t disputed that there were only three Ayurvedic doctors at Taloja, no nursing staff and other undertrial prisoners were being asked to care for Rao. Rao and his wife then approached the HC, in November 2020, seeking its urgent intervention after which he was admitted to Nanavati. It was found that at Taloja prison, his catheter was not changed for over three months. The bench noted that it was only after treatment and constant monitoring that Rao’s condition improved. “In view of the aforesaid material and sequence of events, we have come to the conclusion that sending the undertrial back to Taloja Central Prison would certainly endanger his life. In fact, continued custody of the undertrial at the Taloja Central Prison is wholly incompatible with his health condition, because the hospital at the Taloja Central Prison is not adequately equipped to take care of the undertrial, given his advanced age and various health conditions,” the bench observed. Stringent conditions imposedThe Court also observed that the release of Rao cannot be unconditional as he stands accused of serious offences under UAPA and IPC.”It is an admitted position that as per the accusations levelled against the undertrial and the material placed along with the charge-sheet, the undertrial is accused of being a senior member of the banned organization Communist Party of India (Maoist).It is an organization which believes in violence and overthrow of the Constitutionally and legally established Government. The material on record, including letters and communications exchanged between the co-accused prima facie show that there is reference to the undertrial, indicating that he had facilitated financing of such violent activities. The said material, subject to proof and proceedings before the trial court, indicates that the undertrial was also involved in providing arms and ammunition for illegal and nefarious activities”, the bench observed.The bench imposed a condition that octogenarian Rao should not make any public statements related to the proceeding and should not establish connection with co-accused. Also, Rao has to remain within the jurisdiction of Special NIA Court, Mumbai. The bench observed that allowing Rao to go back to where he belongs(Hyderabad) is “fraught with risk”.The other conditions are : He should provide his contact number and the numbers of his relatives residing with him. He must attend the court as and when he is summoned. He can, however, apply for exemption. Rao must also attend the police station through watsapp video call fortnightly. Click here to read/download the judgment Next Storylast_img read more

Karnataka High Court Protects CBSE, ICSE Schools From Coercive Action Under Govt Order Barring Collection Of Fees Above 70%

first_imgNews UpdatesKarnataka High Court Protects CBSE, ICSE Schools From Coercive Action Under Govt Order Barring Collection Of Fees Above 70% Mustafa Plumber11 March 2021 2:25 AMShare This – xThe Karnataka High Court has directed State Authorities not to take any coercive steps against members of the Association of India Schools, affiliated to the CBSE and the ICSE for any breaches of the the government order by which it asked only for the Academic Year 2020-21 to collect only 70% Tuition Fees from the parents as collected for the academic year 2019-20 and other charges are…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 Karnataka High Court has directed State Authorities not to take any coercive steps against members of the Association of India Schools, affiliated to the CBSE and the ICSE for any breaches of the the government order by which it asked only for the Academic Year 2020-21 to collect only 70% Tuition Fees from the parents as collected for the academic year 2019-20 and other charges are not be collected. The court also directed management of the Institutions affiliated to the ICSE and CBSE Boards and the petitioners’ Association to voluntarily put up public notices in their notice boards that they would consider individual grievances of the parents and that the institution will not insist upon the payment of full school fees in the light of the genuine grievances raised by the parents. The order passed by a single bench of Justice R Devdas said :”Nevertheless, at this juncture in order to strike a balance, this Court is of the opinion that the petitioner-Institutions are required to consider the grievance of the parents which is a genuine concern in the light of the COVID-19 pandemic, which has affected the citizens of this Country and caused severe damage to their livelihood and consequently, the income of the family. Educational institutions should rise to the occasion.” It added that “Grievance of the parents in the matter of payment of school fee shall be considered on case by case basis.” The court observed though applications have not been made by the parents and parents Association, counsel Narendra Dev, submits that he intends to file an application on behalf of some of the parents and parents Association to implead themselves in these proceedings. Accordingly, it granted liberty to such parents and parents Association to bring to the notice of this Court their grievances and if they are not considered by the Institutions. In the meanwhile, applications may be filed on behalf of the parents and parents Association for impleadment. The Additional Advocate General had earlier submitted that no coercive action would be taken against the petitioner-Institutions who are affiliated to the ICSE and CBSE Boards, in the matter of prescription or regulating of tuition fee. It was also informed to the court that the present Circulars/Notification has been issued in the wake of COVID-19 pandemic and several representations given by the parents whose grievance was considered by the State Government and after meetings were held involving the Association of schools. To which the counsel for the association said the Association of Indian Schools which are affiliated to ICSE and CBSE Boards were not called for the meeting. The bench then said “Nevertheless, this Court is of the opinion that when the question as to the power and Authority of the State Government to give directions to the Institutions affiliated to the ICSE and CBSE Boards are pending consideration at the hand of this Court, and in the light of the submissions made by the learned Additional Advocate General before this Court in W.P.No.6185/2019, the respondent-State Authorities should not be permitted to take coercive steps.” Recently, the Supreme Court had allowed private unaided schools in Rajasthan to collect 100% tuition fee in 6 equal monthly instalments. A bench headed by Justice Khawnilkar passed the interim order while considering special leave petitions filed by Rajasthan schools challenging a judgment of the Rajasthan High Court which had directed them not to collect more than 70% fees. The matter will be next heard on March 24 along with other petitions.Click Hear To Download/Read OrderNext Storylast_img read more

AMC needs $750M to avoid bankruptcy

first_imgAMC Entertainment Holdings CEO Adam Aron (Getty)Movie theater chain AMC Entertainment Holdings needs a cash infusion of at least $750 million, otherwise it might have to file for bankruptcy.AMC said in a filing on Friday that without additional financing, the company will run out of cash by next month, Bloomberg News reported. In order to raise funds, the company is planning to sell more shares and possibly get financing from European sources. It is also making deals with its debt holders, including Mudrick Capital Management.The company wants to avoid bankruptcy since that would wipe out current stockholders’ positions.The company had about $320 million in cash on hand as of November, down from $418 million in September. AMC was spending an average of about $125 million per month in October and November.The pandemic has pummeled AMC’s business: Attendance at the chain’s U.S. locations fell 92 percent in the fourth quarter from the same time period a year ago. The company closed some of its theaters, and in cities like New York and Los Angeles, those cinemas have not been able to reopen.To help keep it afloat, the company signed a commitment letter with Mudrick Capital that would allow the investment firm to buy $100 million of new AMC-issued bonds. Mudrick would then receive a commitment fee equal to more than 8 million shares in the company.AMC is also negotiating rent relief with its landlords, since it has over $400 million of deferred rent coming due in 2021, according to Bloomberg.[Bloomberg]  — Keith Larsen TagsbankruptcyCommercial Real EstateRetail Real Estate Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Share via Shortlinklast_img read more

Statistical characteristics of the spatial distribution of Pc3-4 geomagnetic pulsations at high latitudes in the Antarctic regions

first_imgThe diumal variations in the parameters of Pc3 (20–60 mHz) and Pc4 (10–19 mHz) pulsations at latitudes of the dayside cusp and polar cap have been studied using data of the magnetic stations of the trans-Antarctic meridional profile for the time interval from January to March 1997 (local summer) under weakly disturbed geomagnetic conditions (AE ≤ 250 nT). The technique for estimating pulsation parameters is based on the separation of the wave packets and noise. The diumal variations in the hourly average parameters of the wave packets in the Pc3 and Pc4 bands and noise in the Pc3-4 band (10–60 mHz)—the average number of wave packets, energy of wave packets and noise, and energy of a single wave packet—turned out to be different for the stations located deep in the polar cap (Φ ∼ 87°) and at the latitudes of the dayside polar cusp (Φ ∼ 70°) and auroral oval (Φ ∼ 66°). Several sources of pulsations caused by different channels of wave energy penetration into the magnetosphere through the dayside cusp, dayside magnetopause, and dawn flank of the magnetotail apparently exist at high latitudes.last_img read more