Takeover buzz at Deccan Chronicle
Theres a growing buzz about a board conference of the distressed media giant Deccan Chronicle Holdings Ltd on March 19. Will there be a takeover, as is whispered? Srei Facilities Finance Ltd which holds 24 % stake in DCHL which has an equity base of 27.5 crore shares was called by market watchers as the frontrunner. According to reports, Srei Infrastructure is stated to have actually recognized Manoj Mohanka as a potential financier to invest Rs 30 crore capital as equity and unsecured loan in the business.
However speaking to Outlook, Hemant Kanoria, chairman and MD of Srei Facilities, stated that the company had no strategies for a takeover. We have actually just transformed the debts into equity in DCHL. We have actually moved the Hyderabad High Court as well as the DRT for healing of our loans, Kanoria stated. DCHL Chairman T Venkatrram Reddy is currently out on bail.
In January 2014, Srei Facilities had looked for a conversion of some part of its loans to DCHL into equity. About a year later, DCHL had provided 6.6 crore fresh shares to Srei Facilities. There has actually been talk of a compromise where 75 % of the financial obligations of DCHL would be waived and bankers would take a major haircut. This would in turn pave way for some other firm taking over the management of DCHL. But some lenders, who are unhappy with this compromise plan, which would make methodgive way for rehabilitation of the DCHL, have moved the High Court. Amongst them are said to be Indiabulls, Tata Capital and Adoniss Ltd. The Hong Kong-based Adoniss Ltd is a newsprint supplier which had provided newsprint worth Rs 125 crore on credit to the DCHL.
As of September 30, 2012, DCHL had an aggregate principal amount of protected and unsecured loans amounting to Rs 3,987.5 crore. Apart from this, the built up losses of the business totaled up to Rs 513 crore. Lets see if thtere will be a peaceful takeover of DCHL.
The Medecins Sans Frontieres formula
Martin Sloot, Indias General Director of Medecins Sans Frontieres, was in Hyderabad just recently and got involved in a talk arranged by dispute group HYD Park and Rotary Club to discuss the MSFs operate in conflict and catastrophe zones where people discover it hard to access standard medical help. Sloot responded to several questions about the impartial outlook of the MSF when providing aid and its rigorous non-political stand. However, Sloot, who hails from Holland, seemed shocked when a girl in the audience took the mike and revealed, Martin, can I call you Martin? I feel a connecta get in touch with you and truly admire you. Her gushing words led Sloot to blush intensely as he fumbled and questioned the best ways to respond.
But total Sloot provided the audience with an extensive understanding of exactly what it is like to be a volunteer in the MSF where there are no assurances that a rocket wont arrive on the place where MSF employees are installed. When some of the children in the audience desired to know the best ways to sign up with the MSF, Sloot said, Its quite a stringent selection process and those who are through have to go through a two-week course in multi-cultural policies and security. While we do not think in equipping ourselves or living behind high walls, our volunteers are taught mitigation techniques.
Sloot explained that 90 % of the MSFs funds came from private partners though they did not accept financing from pharma, mining, tobacco and arms makers. The MSF exists in Bhadrachalam and some parts of Chhattisgarh. Sloot stated that in India, as in lots of other nations, there are spaces in treatment. Females often require to take a trip six hours for a C-section. MSF goes to forgotten individuals who live in locations of forgotten conflicts across 65 countries and our teams offer medical help irrespective of nationality, race and faith. Remembering how he worked in Burundi along with a 74-year-old woman volunteer, Sloot stated there is no age limitation to signing up with the MSF as long as you are physically healthy since you will be working in hard conditions.
Rohith Vemula impact
Speaking in the Assembly just recently, Telangana Chief Minister K Chandrasekhar Rao spoke about the issue of Rohith Vemulas and said such occurrences were indeed unfortunate. He said he felt saddened by students falling prey in such a way to severe steps. I did not desirewish to make narrow political gains by commenting at the time on the problem or interfering in the procedure of law, he stated. He condemned events of anarchy in universities and stated that these should be places of knowing and excellence. KCR said he was shocked to understand of the Kiss festival which was kept in the University of Hyderabad. Is this proper? Will anybody in our country accept such celebrations, asked the CM. KCR said the search was on to fill posts in universities. We have altered the Universities Act, according power to the State government to designate chancellors and vice-chancellors. We took permission from the Governor who used to be the chancellor of all universities for altering the Act and select highly-qualified intellectuals as vice-chancellors, KCR said.
Government in motion
MIM Floor leader in the Telangana Assembly Akbaruddin Owaisi lashed out at the TRS federal government for its decision to prohibit the uploading of GOs (federal government orders) on its official website. Owaisi stated that while the UPA government had actually generated the Right to Details Act to make sure transparency in governance, the TRS was doing the opposite. The MIM MLA said that the TRS appeared to be scared for some factor. ReplyingResponding to the remarks, IT and Panchayat Raj Minister K T Rama Rao said that the TRS government had no reason to be afraid and if the citizens wanted, they might still access info under the RTI Act.
KTR said the government had chosen to stop submitting GOs due to the hazard of expert blackmailers. There are people who wait for the uploaded GOs to file petitions in court and stall the federal government from executing decisions, he asserted. Owaisi said this was not acceptable since people wanted to understand about policy choices and advancement initiatives of the federal government. Similarly, the Opposition too might not get any details due to the ban. He demanded that the step to stop publishing of GOs be withdrawed.
Who is Nagarjuna jealous of?
Who is star Nagarjuna jealous of? His co-star in Oopiri, Tamil actor Karthi. This is since Karthi romances Tamanna in the soon-to-be released film which is a remake of the French movie The Intouchables. Nagarjuna, who plays a character on a wheelchair, said with his typical beauty at the audio release that he felt envious due to the fact that Karthi got to dance with Tamanna while he just got to view. The film is being concurrently released in Tamil as Tozha.