HPCL continues not to recognise ONGC as promoter; to face real test in selection of directors
New Delhi: Hindustan Petroleum Corp Ltd (HPCL) has for the fifth consecutive quarter listed its majority shareholder ONGC as a public shareholder and not its promoter, but it will face a real test when the vacant posts of directors on the company board are filled. Oil and Natural Gas Corp (ONGC) in January last year bought the government’s entire 51.11 per cent stake in HPCL for Rs 36,915 crore. HPCL thereafter became its subsidiary but HPCL management has continuously refused to recognise ONGC as its promoter. Also Read – Thermal coal import may surpass 200 MT this fiscalIn a regulatory filing on shareholding pattern at the end of March quarter, HPCL on April 18 listed “President of India” as its promoter with “zero” per cent shareholding. ONGC was listed as “public shareholder”, owning “77.88 crores” shares or “51.11 per cent” shareholding of the company. Sources said HPCL may be taking shield of technicalities to not list ONGC as its promoter but it will face a real test when interviews to fill the post of Director (Finance) are conducted. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe chairman of ONGC, as a result of the company being the holding company of HPCL, should by rules be on the interview panel to select the directors and that would in a way end all the wrangling over promoter issue, they said. HPCL Director (Finance) J Ramaswamy retired on February 28 but interviews for the post haven’t been done yet by the government headhunter Public Enterprise Selection Board (PESB). For selecting a director of a company where the government or its controlled company has more than 50 per cent stake, a PESB panel holders interview from among shortlisted candidates. The panel is assisted by the Secretary of the administrative ministry and the chairman of the company concerned. The Department of Personnel guidelines state “in the case of subsidiaries, the full-time Chairman of the holding Company is invited to assist the Board.” Sources said going by these guidelines, ONGC Chairman and Managing Director Shashi Shanker should sit on the interview panel to select HPCL Director (Finance). They said Coal India Ltd governance structure, which the HPCL management has so often cited, clearly provides for the holding company chairman to sit on the panel for selecting directors of subsidiary companies. Coal India Ltd is a holding company and has seven subsidiaries. The board of each of the subsidiaries is headed by a Chairman and Coal India too has a Chairman and Managing Director to head the board. But on PESB panel to select director or even chairman of subsidiary companies, Coal India Chairman and Managing Director is invited. Sources said the government had earlier this year asked HPCL to add ONGC as its co-promoter but the oil refining company sought to delay it by seeking further clarifications. While the promoter tag does not bring any specific privileges to ONGC, a lack of it keeps it out of insider trading regulations as it get full agenda of every board meeting of HPCL and can be aware of price sensitive information. ONGC, which had to borrow Rs 24,876 crore for the acquisition that helped the government meet its disinvestment target for the 2017-18 fiscal, first raised the issue of being formally recognised as a promoter of HPCL in August last year. When the issue first arose in August 2018, Oil Minister Dharmendra Pradhan had clearly stated that ONGC is the new promoter of HPCL. ONGC, he had said, had invested in acquiring a majority stake in the company and so it is the promoter. “ONGC is the promoter of HPCL,” he had said. After ONGC bought out government stake, HPCL became its subsidiary. Since ONGC takeover in January 2018, HPCL has made five stock exchange filings about the shareholding pattern of the company — the first on April 20, 2018, then on July 12, 2018, then on October 19, 2018, then on January 21, 2019 and finally on April 18, 2019. In all four, ONGC is shown as the public shareholder and President of India listed as the promoter. According to the Securities and Exchange Board of India’s rules, the entity that owns the controlling stake should be listed as promoter even if it was not the original promoter of the company. When Indian Oil Corporation (IOC) had bought the government’s stake in fuel retailer IBP Co Ltd, it was listed as the latter’s promoter in every instance after the deal. The same was the case when IOC acquired a majority stake in Chennai Petroleum Corp Ltd (CPCL). HPCL Chairman and Managing Director M K Surana has retained the title of Chairman and Managing Director despite corporate governance structure require a group having just one chairman and subsidiaries being run by managing directors and CEOs. ONGC’s overseas subsidiary, ONGC Videsh Ltd, is headed by a Managing Director and CEO. Its refinery subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL), which is listed on BSE, too is led by a Managing Director and CEO. ONGC Chairman is the head of boards of both the companies. Since acquiring a majority stake in HPCL, ONGC has only been able to appoint one director to that firm’s board.
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In a statement yesterday, the AELTC said: “There have been no changes to the dress code. For members and the clubhouse, it remains jacket and tie. We have been advised that Debentures remains smart casual as always, although there is no requirement for jacket and tie.” 
Spectators gather in the grounds before the start of the opening dayCredit:AP Photo/Tim Ireland There is one other staple of the Wimbledon championships which is unlikely to change, according to Mr Lewis, the queue of thousands of fans attempting to get tickets. “So many people enjoy queuing I don’t think it will ever be unsustainable,” said Mr Lewis, “but it’s a victim of its own success at the moment”.Security around the grounds has been reviewed with concrete vehicle blockers all around the park put in place in the wake of the spate of terror attacks the country has seen in recent months.Mr Lewis revealed there was an increased presence in plain clothes officers from the security services both outside and inside the grounds. “There’s other measures in place but most of them are below the radar and we can’t talk about them,” he said.Although former Wimbledon champion Marion Bartoli has described her difficulties coping with the pressures of the championship, Mr Lewis insists the club has seen “dramatic improvements” in the levels of care. The brochure added: “Ladies are expected to dress to a similar standard”, although it pointed out that boys under 11 were not required to wear a jacket or tie.The pamphlet said members were being reminded of the dress code to avoid any embarrassment. Just to avoid confusion the leaflet also included photographs of models wearing “unacceptable dress”, including “T-shirts, distressed jeans and trainers, bare midriffs, jeans and flip flops”.Strapless tops and shorts are also banned under the AELTC dress code for members, along with “zipper jackets, casual or scuffed shoes, hoodies, pumps and short skirts”. The players are not immune either. In 2014, Roger Federer was given a slap on the wrist for flouting the all-white tradition by wearing orange-soled shoes, resulting in the club re-issuing its policy to players. The precise list permits only a single trim of colour no more than one centimetre wide. 
Richard Lewis, the club’s chief executive, has said there are “no plans at all” to adopt a more relaxed dress code for the championships.”I think it’s part of the charm of Wimbledon that in some places, like the queue, it’s incredibly relaxed where in others it’s jacket and tie so there are no plans to change,” he said, indicating his own formal attire. The club’s 376 members must follow the strict rules in order to be permitted into member-only areas of the grounds. Male members are expected to dress in a suit or tailored jacket with a shirt, tie, trousers and dress shoes. “I don’t know if we could do more… there is a lot of pastoral care available for players. “I think it’s one of the dramatic improvements over the last five or ten years – certainly going back to when I played but that is a long time ago.” Members were warned: “The Club’s dress standards in the Members’ Enclosure will be strictly enforced. To avoid any embarrassment please ensure your attire and that of your guests is appropriate.”The AELTC’s 2,500 debentures are required to wear smart to casual clothing. Sir Cliff Richard arrives at Wimbledon, in a tieCredit:Eddie Mulholland In 2012, the club reminded members about the standard of dress expected of them when it posted each one a glossy pamphlet outlining the rules for the first time, following concerns that sartorial standards were slipping.The guidelines, which were accompanied by photos of a male and female model, stated that acceptable dress for gentlemen meant a suit or tailored jacket, shirt, tie, trousers and dress shoes. From putting a roof on Centre Court to paying equal prize money to men and women, Wimbledon has long tried to keep up with the times. But there is one thing they draw the line at – ditching their formal dress code. The All England Club yesterday insisted it will not be following the House of Commons in abandoning its rule on ties for members. 
34,966 Views Short URL https://jrnl.ie/3452014 Jun 24th 2017, 10:15 AM Airbus, which moved first to update its aircrafts used in most midrange flights, now has a 60% market share. Image: Boeing Image: Boeing 34 Comments 
By AFP Source: Boeing/YouTubeBOEING HAS ANNOUNCED what it claims will be the most efficient jet yet in the highly competitive civil aviation market as it tries to claw back market share from rival Airbus.“Today, it is our pleasure to officially announce the newest member of our 737 family, the 737 MAX 10,” Kevin McAllister, head of the company’s commercial aviation division, told journalists as the Paris Air Show got under way this week.The MAX 10 will be the largest of the updated 737 series, which competes head on with Airbus’s A320 neo family. With the latest advances in engines and aerodynamics, they promise significant fuel savings to airlines, which have responded with hundreds of orders for single-aisle airlines that are the workhorses of their fleets.Airbus, which moved first to update its aircrafts used in most midrange flights, now has a 60% market share.The 737 MAX 10, which can carry up to 230 passengers, is the largest in the class, and Boeing said it would be five percent cheaper to operate than the Airbus A321neo. As these planes can carry more passengers, they have attracted interest from low-cost airlines as well as carriers looking to exploit their range that allows them to make flights across the Atlantic.McAllister said the 737 MAX 10 would “the most efficient single-aisle airplane in the skies”.Boeing also announced its first order for 10 of the aircraft from jet leasing firm BOC Aviation in a deal worth $1.25 billion.Boeing has a test version of the 737 MAX 9 on display at Le Bourget airport north of Paris, which hosts the air show.While Airbus and Boeing dominate the world’s civil aviation industry, the duopoly is not without challengers: Competition is looming, notably from Russia and China, which have been test-flying their own mid-range models.© – AFP 2017Read: Dublin is getting a new air route to London Boeing launches ‘most efficient’ plane ever Saturday 24 Jun 2017, 10:15 AM Share20 Tweet Email1 Tweet thisShare on FacebookEmail this article
Chelsea are reportedly planning to make Juventus defender Daniele Rugani one of Maurizio Sarri’s first signings at the club ahead of his expected appointment, claims the Daily MirrorThe Blues appear to have had a breakthrough in talks with Napoli and are now expected to bring the highly-rated Jorginho, along with Sarri, in a £50m double-deal.But with the new season just a month away now, Chelsea are wasting no more time and have begun pursuing new options in the transfer market with Juventus’ Rugani having emerged as a target.
Fiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.While Italy international is a valued young prospect at the Serie A side, he has struggled to play regular football at Juventus for the past three seasons and may be prepared to leave this summer.Rugani’s £35m move to Chelsea will likely have received a boost due to David Luiz being expected to join Napoli this summer.Rugani started just 22 games for Juventus last season and his future at the club may come under further threat with the rumoured stars that are apparently set to follow Cristiano Ronaldo to Turin.
Something for the weekend…Ever wondered what employee benefits you would receive if you worked for a super-rich employer? Users of the website Reddit have been sharing their experiences of working for the rich and famous, and enjoying perks such as six days off a week and trips in private jets.One story shared on the website concerns a man whose wife bought around 100 sheep just for fun and had a second house for his German Shepherd dogs to live in.The comment read: “I worked for a guy who had some pretty major stakes in the oil business, he was pretty cool, but very weird about his money. His entire basement was full of survival supplies for when the world ends…he once asked me to price out installing a helicopter landing pad in his backyard in case anyone ever has a heart attack at one of his dinner parties…he had a second house on-site, which he used to house his German Shepherds.”Another comment explains that a billionaire boss gave a woman who gave birth to her baby two month’s prematurely all the time off she required, as well as forking out for the entire medical process, which came to over $100,000 (£659,000). Another user shared their experience of working in an upmarket apartment complex where they were given plenty of gifts and leftovers. The user also explained that they once met a guest with a love for jets. The worker said: “I was talking to a guy about why he drives a beat-up car compared to everyone else, it was like a 1998 Yukon, and he said his thing was jets. Then proceeded to take me to his private hanger after work, showed me his three private jets and offered to fly me anywhere, anytime I needed, just ask.”Another worker had several experiences working for super-rich families on their yachts. The comment said: “[For] the first family I worked as the chief officer on their 120-foot-long motor yacht that had six guest suites and four crew cabins. The funny thing is, they only used their yacht one day a week for lunch on Sundays. Every Sunday they would show up with their entourage of butlers, maids, and private chefs to do a three-hour lunch cruise.“[The] best part of the job was I had six days off a week, paid a full salary with benefits, lived on the yacht so had free room/board with one of the private chefs making us every meal.”It continued: “The biggest time I ever got chewed out on the job was when I filled their dog’s water bowl with tap water and was promptly and forcefully told that if I ever gave the dog anything other than Fiji bottled water I would need to find another job.”We at Employee Benefits are wondering how many other mega rich employers dish out off-the-wall and generous benefits…
MIAMI (WSVN) – A paddleboarder who never returned to end her rental has been found safe after multiple agencies joined in the search.City of Miami and Miami-Dade Fire Rescue departments, along with Miami-Dade Police and the U.S. Coast Guard, responded to reports of a missing paddleboarder near the Rickenbacker Causeway and Miami Seaquarium around 2 p.m. Friday afternoon.Divers searched the water for the woman after a paddle board company said she rented a board around 11:30 a.m. but never returned. The woman had left her license behind with the company.Police later found the woman at home. It is unclear why she did not return to the paddle board company.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
1:57 PlayStation James Martin/CNET Sony has yet to put on a big show to debut the upcoming PlayStation 5, but it continues to release more info about the new console. At its investor relations strategy meeting (IR 2019) on Tuesday, Sony was all about the PS5’s improvements over the PS4. During the presentation by Sony Interactive Entertainment, a video showed the performance upgrade the PS5 will have thanks to improved power and high-speed SSD storage. The new console loaded several times faster than the PS4 Pro and sped through an open world with no noticeable slowdown. Tags Sony’s official video comparing performance of PS4 Pro vs next-gen PlayStation pic.twitter.com/2eUROxKFLq— Takashi Mochizuki (@mochi_wsj) May 21, 2019 PlayStation State of Play event reveals new console and… Sony Share your voice
Now playing: Watch this: Post a comment 0 “We will harness the power of new technology to offer completely transformative and immersive gaming experiences,” read the following slide. Other PS5 details confirmed in the presentation included the console’s backward compatibility, 8K resolution, support for discs and ray tracing. The Tokyo-based company still didn’t give details on price, global release date, games or user experience.
Murali Gopy: FacebookMurali Gopi is a man with many layers and we can even call him a shapeshifter in the Malayalam film industry. He is an established journalist, a firebrand scriptwriter, an elegant singer and moreover a top rated actor. This multi-talented personality is now enjoying the success of his latest film Lucifer directed by Prithviraj Sukumaran. Apart from Mohanlal’s scintillating screen presence, it was Murali Gopy’s script, actually a contemporary take on Indian power politics that played a crucial role in determining the box-office success of Lucifer.In an exclusive talk with International Business Times, India, Murali Gopy opened up about the possibility of making a sequel to Lucifer with Mohanlal in the future, his alleged connection with Illuminati as claimed by a section of social media users, and restrictions on freedom of arts in India.How do you feel after the overwhelming success of Lucifer, especially when most of your previous films garnered critical acclaim with its uncompromising cinematic language, but failed to make a huge impact at the box office? I feel validated. Specifically, since there was this assumption in the industry that my threads and my writing styles were not mainstream enough to be huge box office successes. It’s good to know that Lucifer has spoken for me.Lucifer is such a movie which seems like a normal mass masala entertainer in its first watch, but when we go deep, we can see different layers in the story. As you recently revealed ‘L’ is just the tip of an iceberg, what more should the audience interpret from Stephen Nedumpally? Lucifer, although it is drawn peripherally as a blue-blooded mainstream entertainer, is woven within multiple layers of codified dramatic clues. What you see on screen is only the tip of the iceberg. There is more to Lucifer than what meets the eye. On repeated views, it can and will be revealed in its own ways. How do you rate Prithviraj Sukumaran as a director? Why?He is one of the most hands-on directors I’ve seen and worked with. His grasp of the filmmaking technique and syntax is phenomenal. And there is a great creative vibe that I share with him. He has just begun his directorial journey. And I dare predict that he would attain great heights there.The final moments of Lucifer end in an open note. Can we expect a sequel that narrates Stephen Nedumpally’s mysterious past or future?Lucifer is definitely designed as a franchise, and it is very evident from its structure and progression that it is one. I will abstain myself here from giving you any further leads. Several people allege that Murali Gopy as a writer is intentionally trying to propagate Sangh Parivar ideas through his movies. When it comes to Lucifer, you have exposed the tactics of contemporary power politics embraced by both left and right democratic fronts, but you did not talk anything about Sangh Parivar or BJP. Would you mind telling something about this?Either such people are blind or they feign to be so. I don’t feel there is any need on my part to respond to such baseless allegations. Murali Gopy: FacebookA section of people believes that Prithviraj Sukumaran and Murali Gopy are part of Illuminati, a group that controls the world with their clandestine clutches. Interestingly, some scenes in Lucifer portrayed Illuminati symbols including the ‘All Seeing Eye’. Was that a mere coincidence? Nothing is coincidental about what you see on screen here. However, it would be a very immature thing to say that the makers are a part of what they show on screen. This question may seem a little weird. Do you believe in Illuminati or any other secret shadow group that controls the governments? Again, the creator of a work of art need not answer such questions. It is like asking Shakespeare whether he was a Roman because he wrote Julius Caesar.What is your take on restricting artistic freedom, especially in the wake of the recent complaint lodged by Kerala Police regarding the controversial poster of Lucifer? No comments there. Art is free. So are people to file complaints. One has to speak out only when it comes to restricting art on the basis of such complaints. Why are Mollywood audience hesitant to watch movies like Kammara Sambhavam which portrayed deceptions in history? Murali Gopy’s Tiyaan also faced the same fate even though it handled a very serious issue. As a writer, are you finding it difficult to balance between class and mass elements, especially while making movies in a large canvas, and the only exception is Lucifer? Unlike Lucifer, both Kammara Sambhavam and Tiyaan were mainstream experiments. Why they were not accepted at the box office, is a question that the audiences have to answer. Tell us more about your future projects. As a writer, I’ve committed to a few projects, the specifics of which would be announced later. As an actor, I just finished doing Kiran Prabhakaran’s Thakkol, and have agreed to do a few others, including Maqbool Manzoor’s Vala Vala.
Iran has offered about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, reported state media on Saturday, 28 November.Iran reached a deal with world powers in July, under which sanctions will be lifted in return for it scaling down its nuclear programme.It has outlined plans to rebuild its main industries and trade relationships following the agreement, targeting oil and gas projects worth $185 billion by 2020.Some 135 energy companies attended a conference in Tehran to hear the terms of a new energy contract — which it calls its integrated petroleum contract (IPC).”The estimate is that if we can draw about $25 billion (in foreign investments) in a first phase, that would be a very good figure,” Oil Minister Bijan Zanganeh told reporters in remarks carried by state television.Iran needs Western oil companies to help revive its ageing oilfields and develop new oil and gas projects and the new oil contracts are part of its drive to attract Western investors.British Petroleum, France’s Total, Norway’s Statoil, China’s Sinopec, Shell, Italy’s Eni, and Spanish oil major Repsol were among companies attending the conference, reported the oil ministry’s website Shana.Zanganeh repeated that US companies would also be allowed to participate in IPCs, under which foreign investors should have local partners and commit to technology transfer.”The current (crude oil) prices and even less will not create a problem for the projects’ reimbursement or profits because of low finished cost in our industry,” Shana quoted Zanganeh as saying. He added that Iran’s production cost was $10 per barrel.The price of oil has fallen to around $45 per barrel from as much as $115 in the middle of last year.Iran’s output is down one million barrels per day (bpd) to 2.7 million bpd since the start of 2012 when sanctions were imposed.
4:00 pm IST: The BSE Sensex pared losses by the end of the day to close 338 points lower at 27,252 and the NSE Nifty ended at 8,410, down 133 points. Top Sensex losers were TCS, Maruti Suzuki, Hero Motocorp and Mahindra.2.00 pm IST: The BSE Sensex and NSE Nifty seem to be cheering Republican candidate Donald Trump’s victory over rival Hillary Clinton in the US presidential elections, the results of which were officially declared few minutes ago. The BSE Sensex has recovered morning losses of over 1,500 points and now trading 408 points lower at 27,182 while the NSE Nifty was down 135 points at 8,408.Bucking the trend, select Sensex stocks were trading in the green; these include Dr Reddy’s Labs, Sun Pharma, Lupin and State Bank of India. 12.40 pm Indian Standard Time (IST): Republican candidate Donald Trump has won US presidential elections, defeating Hillary Clinton, reports ABC News.11.48 am IST: In case you are bored of Sensex samachar, here is the latest update on US presidential elections, from www.fivethirtyeight.com. Republican candidate Donald Trump is expected to win 283.2 votes as against 254.8 by Hillary Clinton. The New York Times says Trump stands >95 percent chance of winning while The Telegraph (UK) says that his victory in the key swing states of Florida, North Carolina and Ohio has almost sealed his entry to the White House, calling it “America’s Brexit”.10:40 am IST: In a catchy twist to the ban on Rs 500 and Rs 1,000 currency notes by the Narendra Modi government, Kotak Securities says the BJP-led NDA dispensation is conveying a message: Smash the cash, the economy will dash.”We see the government’s decision to remove extant high-denomination notes from circulation and replace them with new ones as a positive for the economy in the medium term. The latest step appears to be the final one in the government’s systematic approach to remove black money from the economy. We expect the economy and the banking system to benefit as a large part of the black economy eventually becomes part of the formal economy,” says the brokerage in its Wedneday morning note.”We see the Indian economy benefiting from (1) higher GDP growth on a reported basis (black economy will gradually become part of the formal economy), (2) higher tax-to-GDP ratio from proper reporting of income in the future; sections of the unorganized industry and professionals did not report their full income; the implementation of GST will hasten the move, in our view and (3) higher savings rate, especially financial savings rate. We have been quite positive about a step change in India’s financial savings rate over the next few years driven by the government’s actions on (1) monetary policy; positive real interest rates, (2) financial inclusion and (3) crackdown on black money,” it adds.10:30 am IST: The BSE Sensex is down 934 points at 26,656. Top Sensex losers are Adani Ports, Mahindra, Hero Motocorp, ICICI Bank and Bajaj Auto. Asian stock markets were trading in the red, taking cues from trends in the US presidential elections where Donald Trump and Hillary Clinton are poised for a close finish. “Asian markets are in red with Japan’s Nikkei down 1.25% while China’s Shanghai is down 0.35% after inflation picked for the second straight month. U.S. equities closed higher yesterday, led by utilities, as investors eagerly awaited the results of the U.S. presidential election today.”Oil fell ahead of US crude oil inventories data today while dollar index down 1.03%. U.S. Initial jobless claims data will be released tomorrow. Data released yesterday showed that JOLTS job openings data recorded a slight increase in job openings to 5.49mn for September from a revised 5.45mn in August,” Geojit BNP Paribas said in its Wednesday morning note.9:42 am IST: Indian rupee opens 19 paise lower at 66.80 to the US dollar.9:26 am IST: Realty index on the BSE has slumped by 11 percent, on expected lines. Top losers include Oberoi Realty, NBCC, Unitech, Indiabulls, DLF, HDIL, Sobha, Prestige Estates and Godrej Properties.The BSE Sensex is trading 980 points down, or 3.55 percent, at 26,610 while the NSE Nifty is down 347 points at 8,196.Top Sensex and Nifty losers are Adani Ports, Mahindra, Asian Paints, Hero Motocorp, Bajaj Auto, ICICI Bank and Sun Pharma (Sensex), and Asian Paints, Grasim, UltraTech Cement, ACC and Mahindra (Nifty).9:18 am IST: The BSE Sensex has crashed by over 1,600 points, or 6 percent while the NSE Nifty opened with a loss of 505 points at 8,038. Top Sensex losers are ICICI Bank, Adani Ports, Tata Motors, Axis Bank, Reliance Industries, ITC.The BSE Sensex and NSE Nifty are expected to open lower on Wednesday amid volatility across stock, currency and bond markets in response to the drastic announcement on Tuesday by Prime Minister Narendra Modi scrapping Rs 500 and Rs 1,000 currency notes.Read: Reserve Bank of India to issue Rs 2,000 notes soon: Report {Image of note}Here are photos of the new Rs 500 and Rs 2,000 notes you will soon getThe worst hit are likely to be real estate stocks as transactions in this sector are marked by huge element of cash changing hands between sellers and buyers.A hint to that effect was also given by Deepak Parekh, chairman of mortgage lender HDFC while speaking to CNBC-TV18 on Tuesday.Real estate consultants are positive on the impact in the long-term. “This is a transformational reform by the Modi government. Real estate transactions in progress and not completed that involve CASH will be impacted, leading to complications. This will certainly lead to pain in the realty sector in the short term, but it Is a welcome move for the long run,” Ravi Ahuja, executive director, Office Services & Investment Sales at Colliers International, said. JLL India Chairman & Country Head Anuj Puri also had similar comments on the development.”The banning of higher currency notes is a major move which will help curb unaccounted-for cash in the real estate sector. We have just witnessed a tremendous step towards increased transparency in the Indian real estate industry.”The effects will be far-reaching and immediate, and shake up the sector in no uncertain way. Stricter measures against black money have for long been required to help bring about greater transparency, give the Indian real estate sector more credibility and make it more attractive for foreign investors.”Black money deals are more common on the unorganized market, but this practice has, in fact, been on the decrease with greater awareness on the part of buyers. Before too long, the caricatured version of black money driving Indian real estate is no longer applicable,” he said in a note.US presidential election results dimensionThe results of the US presidential elections are also bound to have a bearing on Indian stock markets, though it is still not clear whether Republican nominee Donald Trump or his rival Hillary Clinton will win in the polls that has marked by many twists and turns.RBI issues ₹2000 note in new series pic.twitter.com/7Ob2j1t6Ab— ReserveBankOfIndia (@RBI) November 8, 2016 PMOAsian markets are in red with Japan’s Nikkei down 1.25% while China’s Shanghai is down 0.35% after inflation picked for the second straight month. U.S. equities closed higher yesterday, led by utilities, as investors eagerly awaited the results of the U.S. presidential election today. Oil fell ahead of US crude oil inventories data today while dollar index down 1.03%. U.S. Initial jobless claims data will be released tomorrow. Data released yesterday showed that JOLTS job openings data recorded a slight increase in job openings to 5.49mn for September from a revised 5.45mn in August.
Chandelis marching with Team Virginia at the Endo march on Capitol Hill. (Photos by Jonathan Hunter)Cassandra Nivens has experienced painful periods since age 14. To cope with being mostly incapacitated for some time each month, Nivens learned to manage what she believed were normal hormonal shifts, often scheduling time away from school and work around a 28-day cycle. It wasn’t until a routine ultrasound during her first pregnancy that her painful periods were diagnosed as endometriosis.Defined as a condition where tissue that normally grows inside the uterus grows outside of it, endometriosis impacts 176 million women. Each month as the lining of the uterus sheds and the blood and tissue is released, the same thing happens to the tissue outside the uterus. But with no way for the released tissues to leave the body, inflammation and scar tissue develop. While endometriosis affects White women 33 percent more often, deaths from undiagnosed endometrial cancer is roughly 80 percent higher among African-American women.“I was relieved to be able to put a name to what felt like some type of torture I endured every month, but was scared and concerned for the health of my baby. My system felt out of whack because of the pregnancy, and I was afraid that after my son was born, my hormones would go into high-gear, and it would be even more painful,” said Nivens, who found some relief in breastfeeding her healthy child.Once her cycle resumed, Nivens she sought treatment from a naturopath. After two years of progressive yoga (from BandhaKonasana poses to hot yoga), acupuncture, and change in diet, she and her husband were able to welcome a second son.According to research from the Mayo Clinic, Nivens is among the fortunate able to conceive with endometriosis, as an estimated 30-40 percent of infertile women have endometriosis. Because the disorder can only be definitely diagnosed through visual inspection inside of the pelvis and abdomen (as well as tissue biopsy of the implants), even ultrasounds can only hint at its presence.General symptoms of endometriosis include: extremely painful or disabling menstrual cramps; pain increasing in severity over time; chronic pelvic pain including lower back and pelvic pain; pain during or after sex; intestinal pain; painful bowel movements; or painful urination during menstrual periods.As more women become aware that endometriosis is more than just painful periods, the hope among physicians is that more women will note their symptoms and seek professional advice.The Howard University Department of Obstetrics and Gynecology recently served as local sponsors of the 2015 Worldwide EndoMarch for Endometriosis to raise awareness among African Americans. The second annual march took place at Upper Senate Park in Northwest, March 28, and simultaneously in more than 56 cities worldwide.Chandelis Duster, a Virginia precinct manager of the EndoMarch diagnosed six years ago with the condition, took part in the march to help raise awareness. “It has been a rough six years during which I have had three surgeries. Initially there was a big cyst on an ovary that needed to be drained and that was how they found endometriosis. No one had ever talked to me about it and as a freshman in college, it was scary to be told I had a disease with no cure,” Duster said.Following a laparoscopic surgery to remove the tissue, more endometriosis was found. “It’s been tough dealing with the pain constantly and everyday… a heating pad is [my] best friend. It has gotten better since the last surgery, but emotionally, it is a lot to deal with and it is a financial strain,” Duster said.Among African-American women, endometriosis is one of the most common indications for major gynecological surgery and hysterectomy.
Listen at WEAA Live Stream: http://amber.streamguys.com.4020/live.m3uMaryland Governor Larry Hogan says, `no’ to Syrian refugees and Baltimore Mayor Stephanie Rawlings Blake says, `yes.’ We’ll examine the Syrian refugee crisis through the lens of the GOP and Democratic parties. Plus, Baltimore mayoral candidate and state Senator Catherine Elizabeth Pugh sits down for an interview. These stories and more coming up this evening on AFRO’s First Edition with Sean Yoes.
×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Reddit has raised a new $300 million round of funding from investors including Tencent, Sequoia, Fidelity and Andreessen Horowitz among others. The new round of funding values the company $3 billion, the company announced Monday morning, and brings the total amount raised to around $550 million.News of the funding was first reported by Techcrunch earlier this month. CNBC followed up Monday morning with an interview with Reddit’s CEO Steve Huffman, who told the publication that his company was continuing to build out its ads business. Huffman said that Reddit was also trying to become “a friendly home for users and brands alike,” which involved stepping up its fight against abuse on its platform.Reddit has been on a roll lately, growing its audience to 330 million monthly active users generating 14 billion page views in 2018. The company has also been doubling down on video last year, clocking some 1.4 billion video views a month at the end of last year. Reddit only introduced native video hosting in August of 2017. Popular on Variety 
Reddit was founded in 2005, and acquired by Condé Nast Publications in 2006. The site spun out of Condé Nast in 2011. The magazine publisher’s corporate owner Advance Publications, Inc. still holds a substantial stake in the company, but the newest round is said to have diluted that stake.Tencent’s leading role in the round led to some backlash among Reddit’s audience in recent days, with some users concerned that the influx of Chinese money was incompatible with Reddit’s commitment to free speech.Reddit is currently unavailable in China, as are some of Tencent’s other Western media investments: The company’s investment arm holds a significant stake in Snapchat’s corporate parent Snap, and owns around 40% of Epic Games. It’s also a business partner of Spotify after a stock swap with the music service in late 2017.