GMG’s review could see sale of Autotrader

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo KCS-content THE owner of the Guardian newspaper and a private equity group are considering selling the business behind car buyers’ magazine Auto Trader for £2bn, it emerged yesterday.Guardian Media Group (GMG) and Apax Partners are understood to have begun work on a strategic review that could lead to the disposal or flotation of Trader Media Group (TMG).Apax acquired a 49.9 per cent stake in Trader Media group (TMG) from GMG in March 2007, which valued TMG at £1.35bn.GMG has owned TMG for several years, either solely or in partnership with others. As well as the flagship publication Auto Trader, the business also includes titles such as Boat Trader and Farmers Trader.Apax and GMG are believed to have held early-stage talks with several banks including Moelis, Merrill Lynch, Deutsche Bank and JP Morgan, according to a Sunday newspaper.No-one from Apax Partners was available to comment, but a GMG spokesman said: “Trader Media Group is a very strong business and well advanced in its digital transition, which makes it a valuable asset for GMG.“No decisions have been made about either the timing or nature of our exit from this investment.”It is thought the appointment of a bank could lead to a sale or float as early as next year or in 2012, but a dividend re-capitalisation could also be an option.The strategic review is thought likely to consider four possibilities: a sale, a float and two dividend re-cap options.The dividend recap could either see up to £300m more debt added to the group’s balance sheet or the introduction of a third private equity investor which may purchase a stake of up to 40 per cent from Apax and GMG. whatsapp Sunday 17 October 2010 11:36 pmcenter_img Share GMG’s review could see sale of Autotrader More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Tags: NULLlast_img read more

BT raises forecast after broadband boost

first_img Show Comments ▼ BT raises forecast after broadband boost whatsapp Tags: NULL BT has raised its full-year core earnings outlook after posting better-than-expected second quarter results boosted by demand for broadband and its Global Services unit.It now expects to post full-year adjusted core earnings of around £5.8bn, compared with a previous pledge to perform in line with the year before which achieved earnings of £5.6bn.Britain’s biggest fixed-line telecoms provider said it also now expected to hit its target of generating free cash flow of £2bn this year, two years ahead of target.Sentiment around BT has improved strongly in recent months after it recovered from two major profit warnings due to problems at its key Global Services division, which provides IT services to multinational companies.It said the order intake for Global Services was up 50 per cent.Overall, BT posted second quarter revenues down three per cent to £5bn.“We have made significant progress in improving profitability and cash flow, enabling us to invest in building the foundations for revenue growth in 2012/13,” chief executive Ian Livingston said in a statement.“We have increased our EBITDA outlook for the year and now expect to hit our 2 billion free cash flow target two years early.”BT said its strong performance was helped by improvements across the board, but it enjoyed particularly strong demand for broadband, adding 114,000 customers, which represented a 45 per cent market share of new additions on the network, one of its highest shares ever.It had 24,000 net additions to its BT Vision TV service, which it launched to increase customer loyalty, giving it a total of 520,000 compared with BSkyB’s 10 million.It has also started showing the Sky Sports TV channels for the first time and said over 50,000 customers took the Sky Sports service. John Dunne center_img whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Thursday 11 November 2010 2:50 amlast_img read more

IGT executive vice president Bugno resigns

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter People Tags: IGT Subscribe to the iGaming newsletter Technology supplier IGT has announced that executive vice president of new business and strategic initiatives Walter Bugno has resigned from his position. Responsibilities for strategic initiatives will be taken up by the IGT strategy and corporate development department. Regions: Europe UK & Ireland Going forward, IGT’s new business responsibilities – which Bugno handled – will be split between its global lottery and global gaming business units. Email Addresscenter_img IGT CEO Marco Sala said: “I would like to thank Walter for his accomplishments over the course of more than 10 years of senior leadership at IGT. His efforts have made meaningful contributions to the strength of our global leadership. Topics: People People moves IGT executive vice president Bugno resigns “At every stage of his time with IGT, Walter successfully engaged teams across multiple regions, built significant customer relationships, fostered continued talent development and championed innovation throughout his organization. On behalf of everyone at IGT, I wish Walter well in his future endeavors.” 4th May 2021 | By Nosa Omoigui Both units were created last year as part of an overhaul of IGT’s organisational structure. IGT said Bugno will pursue a new professional opportunity.last_img read more

Axa Mansard Insurance Plc (MANSAR.ng) 2019 Abridged Report

first_imgAxa Mansard Insurance Plc (MANSAR.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 abridged results.For more information about Axa Mansard Insurance Plc (MANSAR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Axa Mansard Insurance Plc (MANSAR.ng) company page on AfricanFinancials.Document: Axa Mansard Insurance Plc (MANSAR.ng)  2019 abridged results.Company ProfileAXA Mansard Insurance Plc is an insurance and asset management company in Nigeria. The company offers solution products for motor, life, travel, education and commercial insurance as well as financial advisory services, portfolio and risk management services and investment consulting services. AXA Mansard Insurance Plc’s head office is in Lagos, Nigeria. AXA Mansard Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Stock market crash: I’d invest £500 a month in an ISA to make a million

first_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The market crash may have caused some ISA investors to pause new investments in UK shares. They may decide that it is better to hold cash or other low-risk assets until the prospects for the stock market improve.However, the best time to buy shares is often in the aftermath of a bear market. Low valuations and recovery potential mean that the long-term returns on offer could lead to surprisingly large portfolio valuations.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…As such, now may be the right time to invest £500, or any other amount, per month in a diverse range of stocks. Doing so could improve your chances of making a million.Buying shares after a market crashThe recent market crash has caused many stocks to trade on attractive valuations. Although in some cases they may be merited due to weak financial positions and uncertain outlooks, many companies are undervalued at least partly because of negative investor sentiment towards the stock market.Of course, this is unsurprising, since further declines could be ahead following the recent market rebound. However, it provides an opportunity for ISA investors to purchase strong businesses at attractive prices. Over time, their valuations are likely to revert to historic averages as the world economy’s prospects improve and investor sentiment gains momentum.Therefore, now could be the right time to purchase a wide range of UK shares. Certainly, a second market crash cannot be ruled out. But this could present even more enticing buying opportunities for long-term investors who purchase shares regularly.Regular investingWith an uncertain future for shares that could include a second market crash, investing regularly in an ISA could be a sound strategy. It means that you are not seeking to find the bottom of the stock market’s downturn, but rather are aiming to gradually build a portfolio that can grow in the long run.The past performance of indexes such as the FTSE 100 and FTSE 250 suggests that obtaining an annualised return of around 8% is achievable for long-term investors. That figure may, of course, be higher for those investors who can take advantage of low valuations caused by the recent decline in the stock market.However, assuming an 8% annualised return on a £500 monthly ISA investment, you could obtain a portfolio valued at £1m within 35 years. Even though there are likely to be a number of occasions when a market crash is experienced in that time, by investing regularly you can take advantage of short-term declines in share prices, as well as their likely rise over the long term.Clearly, not every investor will have £500 to invest per month. Equally, they may not have a 35-year timeframe to allow their portfolio to grow in size. However, the example serves to show that investing regularly in an ISA over the long term can lead to a surprisingly large portfolio. See all posts by Peter Stephens 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. Peter Stephens | Wednesday, 22nd July, 2020 Stock market crash: I’d invest £500 a month in an ISA to make a million I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

Rugby now smells good!

first_imgAn exclusive interview with The Rugby Fragrance So in a nutshell, you are giving back to the game?We love rugby and saw an opportunity to grow a loyal fan base of people who also love this tremendous sport. We initially went for a small boutique batch operation, but people love me and it looks like I’ll be around for a while now.With Christmas rapidly approaching – do you think you’ll be under a few trees?Heavy nights out you mean?Christmas trees…Oh, sorry. Without doubt – the ladies love me, the gift market for husbands, boyfriends, dads and so on has really got our product in front of die-hard fans. I can’t thank them enough; it’s nice to feel the love.I think we’ll leave it there. Thanks for your time.Always a pleasure – would you like a quick smell? Advertising featureLet’s face it, rugby smells of the endurance and pain required to compete at the highest level – but now a bunch of fans, with the involvement of some key players, have set out to change this perception. We sit down with a bottle of aftershave, The Rugby Fragrance, to see how it feels about the challenge…The Rugby Fragrance – good to finally meet you.Always a pleasure.So what’s this all about?Scoring some man points.Could you elaborate a little further?Our game is played by real men and this is often overlooked in the world of customer profiling and mass media. Seeing adverts of weedy guys spraying a blast of some rubbish and becoming undeniably attractive to the opposite sex seems a little far fetched to me. A man is meant to smell musky, woodsy, fresh – not of Belgian vanilla chocolate or whatever ‘scents’ they are putting out right now.We see you are also affiliated with some legendary players and charities…Both Ronan O’Gara and Serge Betsen have become great supporters of our work. They believe in what we are doing and are giving something back to the game for the fans that have to sometimes settle for scents often made for gentlemen who maybe play the sport with the round ball. We also have a charitable angle, with Wooden Spoon in the UK and Ireland benefiting from our sales. The Rugby Fragrance, priced at £19.99, is available in leading UK high street stores or with free shipping from therugbyfragrance.com. For a chance to win a bottle, click here.For the latest Rugby World subscription offers, click here.center_img Good scent: The Rugby Fragrance have a gift set available for Christmas LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

Workers’ strikes joins massive protests in Turkey

first_imgUnion workers march into Taksim Square during a strike in support of the protests, Istanbul, June 4.June 4 — A small protest to keep a green space in downtown Istanbul from being turned into a giant shopping mall that began on May 30 has become a massive popular movement. Demonstrators have heroically challenged brutal police, who have used tear and pepper gas, truncheons, water cannon, smoke grenades and rubber bullets against the unarmed Turkish and Kurdish people.Their heroism has aroused solidarity demonstrations from nearby Greece to far-off Australia, which joined the protest against Turkey’s neoliberal prime minister, Recep Tayyip Erdogan. He with his Islamic-based Justice and Development Party (AKP) have been elected three times since 2002.Today, the two major leftist union confederations, KESK — representing 240,000 public sector workers — and DISK began a general strike. KESK changed its trade union demands to solidarity with the mass demonstration. Workers will wear black clothes and ribbons. A successful strike, which is to continue on June 5, will give a strong working-class character to the protest wave.When the Istanbul police reacted violently against the first group of hundreds of demonstrators trying to stop the government from cutting down 606 trees in Gezi Park, thousands joined, defying police. The next day, 40,000 marched over a bridge from the Asian side of Istanbul across the Bosphorus to join thousands of others in Taksim Square.Youth in Taksim Square protest.Demonstrators, now in the hundreds of thousands in 50 Turkish cities, included youths gathered by social media, the opposition secular Republican People’s Party (CHP) and even members of rival soccer clubs.Leftist forces like the Communist Party of Turkey (TKP) and the Revolutionary Peoples’ Liberation Front (DHKP) were in the front line of the street battles. The TKP’s Ankara branch called for both the government and the “dictator” Erdogan to resign. (tkp.org.tr)Taksim SquareTaksim Square, like Tahrir Square in Egypt, has symbolic importance. While pro-government forces deny parallels with the “Arab Spring,” the struggle that opened up is similar to Egypt’s in that it has rallied diverse sectors of Turkish society against an authoritarian government. Divergent class forces are participating in the mass anti-government actions and attempting to win the participants to their particular interests.Taksim Square was the scene of a massacre of workers in 1977 by the U.S.-backed Turkish regime.Despite Turkey’s recent economic growth, the benefits have been uneven under the pro-capitalist, neoliberal policies of the AKP. This party is close to and have depended on support from the reactionary monarchies in Qatar and Saudi Arabia. The AKP has pursued a ruthless neoliberal agenda of layoffs, cutbacks and union busting.The richest 20 percent of Turkey’s 75 million people account for more than a half of national income, whereas the poorest 20 percent have just 6 percent.Taxation is done mainly by regressive sales taxes that hurt poor people the most.The AKP is a right-wing split from the now defunct Islamic Virtue Party, which was funded by Qatar and Saudi Arabia. It’s initial popular appeal was based on lessening the political power of Turkey’s NATO-linked military, which imposed a brutal martial law regime from 1979 to 1984 and enshrined a special role for itself in the Constitution. Erdogan also eased repression against the Kurdish people, as it was based on Islam rather than Turkish nationalism, and by its closer relations with the Arab and Islamic world, including Iran.Erdogan had opened negotiations with the Kurdistan Workers Party (PKK), the group that with a guerrilla war has fought for Kurdish self-determination since 1984 in the Kurdish regions ruled by Turkey .Erdogan, who has begun a foreign relations trip to North Africa, has stood behind the police repression — which has already resulted in 1,500 arrests, hundreds badly wounded and at least four demonstrators killed. He called demonstrators “extremists” and “a bunch of looters” and belittled the protests as a temporary blip. (AP, June 3)Deputy Prime Minister Bulent Arinc, left at home to face the masses,  apologized June 4 to the demonstrators injured by the police actions.Like Egypt and Iran, Turkey is a regional power in Western Asia, even though it has been dependent militarily on U.S. imperialism and economically on German imperialism for much of the period since World War II. Turkey is a member of NATO and during the Cold War had its military lined up against the Soviet Union. Turkish soldiers fought under U.S. command in Korea in 1950-1953 against the Democratic People’s Republic of Korea.Most recently, Erdogan has made Turkey the frontline state in the imperialist effort to overthrow the government of Bashar al-Assad in Syria. This has drawn Turkey closer to what is an extremely unpopular war among a majority in Turkey, and demonstrators have shown their opposition to the war. A few weeks ago, after a car-bombing in a border town with Syria carried out by the opposition to Assad, strong demonstrations in Turkey erupted against the government’s anti-Syria policies.U.S. policy toward TurkeyWashington showed its orientation toward Erdogan last March when President Barack Obama succeeded in pushing Israeli Prime Minister Bibi Netanyahu to publicly apologize to Erdogan for the Israeli murder of Turkish citizens on a ship, the Mavi Marmara, bringing relief supplies to Palestinian Gaza three years ago. This diplomatic effort indicated Washington’s reliance on the Turkish government to carry on the offensive against Syria.Washington had a cautious public response to the latest events, expressing sympathy with the demonstrators against repression but continuing support for the Turkish government’s finding a way to quiet the protests.U.S. imperialism has no real interests in defending the rights of anti-government demonstrators, either in Taksim Square or in Zuccotti Park in downtown Manhattan. The U.S. caution shows that Washington is uncertain where the demonstrations will lead.As in Egypt, Washington’s closest collaborators in Turkey are its generals, who continue to wield enormous influence behind the political scene.One of the many demonstrations worldwide was organized by the Communist Party of Greece and its youth organization in Athens on June 3, and called for “unity of the workers of Greece and Turkey against capitalism.” (tkp.org.tr)*Bill Dores contributed to this article.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Update on Delinquency and Prepayments

first_imgHome / Daily Dose / Update on Delinquency and Prepayments Tagged with: Foreclosure mortgage Prepayments Update on Delinquency and Prepayments  Print This Post Previous: Foreclosure Timelines, State by State Next: Paul Volcker, Namesake of ‘Volcker Rule,’ Dies at 92 December 9, 2019 1,406 Views Foreclosure mortgage Prepayments 2019-12-09 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img in Daily Dose, Featured, Foreclosure, Market Studies, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Black Knight’s Mortgage Monitor report began with a review of some of the high-level mortgage performance statistics stated in the company’s most recent First Look report, accompanied by an update on delinquency, foreclosure, and prepayment trends. An in-depth look into the noticeable rise in prepayment activity, and the reasons for it, followed thereafter, and fast on the heels of those facts came an assessment of the refinance incentive remaining in the current market. The nation’s equity landscape was then discussed before the subject of servicer retention rates was broached.The report wasted no time in getting down to the nitty-gritty, evaluating their procured stats in order to offer an overview of October’s activity. They reported an impressive and steady rise in mortgage prepayments, an occurrence that they attribute to previous low-interest rates. Although, they did also warn that a recent rise in rates, coupled with the trend of seasonal home sales slowing, may likewise retard prepayment activity as the coming holidays progress. In light of this, the report predicts that the trend for delinquencies to rise seasonally in both November and December would be no surprise.Regarding prepayment activity and the current factors driving prepayments, Black Knight Mortgage Monitor’s data reveals that overall prepayment activity is now more than three times higher than in January 2019, a month which stats represented an 18-year low. The date then points to the fact that the lion’s share of 2019’s prepayment increase was driven by a rise in refinancing occurrences. Also, even though late October’s interest rates rose to 3.78%, sending the incentives to refinance to their lowest levels since March, Freddie Mac’s December 5 report on refinancing candidates in the housing market points to the promising fact that more than 8 million refinance candidates still remain at the ready to make moves.Then offering insights into the current state of equities, Black Knight Mortgage Monitor shared that tappable equity has grown in 97 of the 100 largest U.S. markets during the past year, showcasing widely varying growth rates, of which, the most equity-rich markets seeing some of the lowest.It was then revealed that while refinance lending is at multi-year highs, servicers struggled to retain refinancing borrowers in the third quarter of 2019. Specifically, after seeing the highest retention rates since late 2017 earlier in the year, just 22% of borrowers stayed with their servicer post-refinance.  Pointing out that, “Data shows that borrowers’ motivations for refinancing are anything but uniform,” Black Knight Mortgage Monitor’s then suggests that in order to better navigate and understand these ever-changing trends, an advanced portfolio and market analysis can help servicers proceed in the most successful fashion, forward. The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Andy Beth Millerlast_img read more

SC Adjourns Tablighi Jamaat Matter; Asks Centre If Trials Can Be Expedited

first_imgTop StoriesSC Adjourns Tablighi Jamaat Matter; Asks Centre If Trials Can Be Expedited Radhika Roy27 July 2020 1:40 AMShare This – xThe Supreme Court has adjourned the plea filed by foreign nationals who had been blacklisted by the Ministry of Home Affairs for participating in the Tablighi Jamaat congregation, seeking for restoration of their visas and passports in order to travel back to their home countries. A Bench headed by Justice AM Khanwilkar heard the matter and allowed Solicitor-General Tushar…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 Supreme Court has adjourned the plea filed by foreign nationals who had been blacklisted by the Ministry of Home Affairs for participating in the Tablighi Jamaat congregation, seeking for restoration of their visas and passports in order to travel back to their home countries. A Bench headed by Justice AM Khanwilkar heard the matter and allowed Solicitor-General Tushar Mehta’s request to seek instructions regarding the viability of whether the trials of foreigners who have not pled guilty can be expedited. The matter has been adjourned to July 31. On the last date of hearing, the Supreme Court had adjourned the plea by a week at the request of the Solicitor-General, with Senior Advocate Menaka Guruswamy submitting that she had no objection to the same. Prior to that, the Court had taken note of the Centre’s Affidavit which stated that individual orders had been passed for cancellation of visas of the foreign nationals and that the Petitioners had the liberty to make representations regarding individual visa cancellation orders before the appropriate authority. In light of the above, the Bench had orally remarked that as individual orders had been already been passed, the Petitioners ought to now approach their respective High Courts, challenging the cancellation orders. Today, the SG informed the Bench that out of 34 Petitioners, 23 had pleaded guilty and a certain fine had been imposed upon them, therefore, they were clear to go back home. He added that 9 were to face trial, and those trials were pending before various courts. Justice Khanwilkar then asked the SG about what could be done to complete the trials in an expeditious manner. To this, the SG responded that he would speak to the investigating officer, and figure out the same by moving an Application for expeditious trial Senior Advocate CU Singh then informed that the Court the return of the 23 Petitioners who had pleaded guilty had to be facilitated at the earliest. “A fine of Rs. 5000 was imposed on them, after they went for plea bargaining. However, in their native countries, such a plea bargain may lead to repercussions.” Singh further submitted that the remaining 9 had no opted for a plea bargain as such a plea would have led to adverse consequences in their country. He also informed the Court that it had been mentioned that the remaining 9 Petitioners would have to file an Affidavit of apology, after which a closure report would be filed by the authorities. The Court stated that the SG would look into the same and seek instructions. Senior Advocate Menaka Guruswamy also submitted to the Court that out of the 25 Petitioners who had accepted the plea bargain, 3 had left, while 22 were having issues getting their passport. She requested for the SG to look into expediting this process as well. Accordingly, the matter has now been listed on July 31. On April 2, the Press Information Bureau (PIB) communicated the Government’s decision to blacklist as many as 960 foreigners from 35 countries who were present in India. Simultaneously, orders were issued to Director Generals of Police (DGPs) of all States and Union Territories as well as the Commissioner of Delhi Police (CP) to register FIRs against such foreign nationals. In light of this, a plea had been filed before the Supreme Court, contending that the decision had been taken unilaterally and arbitrarily. Their plea emphasised that a decision of en masse blacklisting without issuing notice or providing an opportunity of being heard is in blatant violation of not only principles of natural justice, but also, of the Right to Life under Article 21. The petitioners, all of whom have been blacklisted, submitted that not only has the sudden decision led to FIRs being registered against them but has also resulted in them having to forfeit their passports to the State Administration. This, they contended, is a complete deprivation of personal liberty, without following procedure established under law. Next Storylast_img read more

Donal Kelly Jnr to fill vacant Council seat

first_img Pinterest Pinterest WhatsApp Homepage BannerNews Loganair’s new Derry – Liverpool air service takes off from CODA Community Enhancement Programme open for applications Google+ By News Highland – September 23, 2020 Twitter Donal Kelly Jnr has been selected to become Donegal County Council’s newest Councillor. Mr. Kelly is to be co-opted onto the Council, filling the seat vacated by his father Donal Kelly Snr who resigned last week.It’s believed that Donal Jnr was the only Fianna Fail nominee put forward with the deadline for nominations closing on Monday last.An official announcement is expected to be made at the next sitting of Donegal County Council on Monday.The seat was initially won by the late Cllr Manus Kelly who was tragically killed in the Joule Donegal International Rally last year. Donal Kelly Jnr to fill vacant Council seat Nine til Noon Show – Listen back to Monday’s Programme center_img News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows Previous articleMcGlynn selected for World Half MarathonNext articleBreaking: Local school closed due to Covid outbreak News Highland RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Google+ Facebook WhatsApp Twitter Facebooklast_img read more