HSBC first in line for stake in Nedbank

first_img HSBC yesterday confirmed it is in exclusive talks with insurer Old Mutual to acquire up to 70 per cent of the shares in Nedbank, South Africa’s fourth largest lender, in a bid to aggressively ramp up its offering in the country.The parties have not disclosed the terms of a potential deal, though analysts yesterday said that the acquisition would likely be at a premium of anything up to 20 per cent of Nedbank’s current market value, meaning that HSBC could be in line to pay out almost £5bn for the stake.Old Mutual’s acceptance of the deal is dependant upon it receiving approval from the country’s central bank, South African Reserve Bank (SARB), to transfer £1.5bn of the proceeds over to the group balance sheet to pay down its debt.However, the firm appeared confident of gaining consent for its plans, with chief executive Julian Roberts saying Old Mutual would not have gone into exclusive talks without hope of regulatory approval.Analysts at Bank of America Merrill Lynch said: “We note that this alone would be sufficient to meet the group’s objective to pay down £1.5bn of debt by the end of 2012. This is significant in that not only does the group now look very comfortably capitalised, but there will be significantly less need to retain earnings going forwards – a positive for dividends and other shareholder cash return mechanisms.”The rest of the funds would be reinvested in South Africa and other emerging markets, Old Mutual said.For HSBC, which beat rivals such as Standard Chartered in bidding for the stake, the move will provide it with a launching pad to properly break into the rapidly-growing African market.The bank has traditionally lagged its peers on the continent, making a deal of this magnitude even more crucial to its strategy of capitalising on emerging markets growth. Its customers in Asia, where chief executive Michael Geoghegan relocated earlier this year, are increasingly showing an appetite for striking deals in Africa, Share HSBC first in line for stake in Nedbank whatsapp LAZARDFINANCIAL ADVISER TO HSBCIT’S shaping up to be quite a silly season for the investment banks, which have been shocked out of the usual August lull to advise on the M&A boom currently gripping the City.Advising on the deal of the day yesterday, HSBC’s proposed acquisition of a controlling stake in South Africa’s Nedbank from Old Mutual, were an impressive roster of large and small investment banks.Lazard was on HSBC’s side, having been hired by the bank almost two months ago to evaluate a potential deal. Its advice has clinched HSBC exclusivity in the deal talks, fighting off stiff competition from the likes of fellow emerging markets-focused giant Standard Chartered.Old Mutual has also brought in the big guns, with retained broker and financial adviser Bank of America Merrill Lynch, blue-blooded bank Rothschild and boutique Lexicon Partners all playing their part on the deal for the insurer. BoA Merrill Lynch’s team was led by head of international M&A Carlo Calabria, head of European financial institutions Henrietta Baldcok and Marc Heilner, the bank’s head of corporate and investment banking on the ground in South Africa.Nedbank, meanwhile, has engaged Credit Suisse. whatsapp KCS-content center_img Monday 23 August 2010 8:29 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Tags: NULLlast_img read more

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FBC Holdings Limited (FBC.zw) 2018 Annual Report

first_imgFBC Holdings Limited (FBC.zw) listed on the Zimbabwe Stock Exchange under the Banking sector has released it’s 2018 annual report.For more information about FBC Holdings Limited (FBC.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the FBC Holdings Limited (FBC.zw) company page on AfricanFinancials.Document: FBC Holdings Limited (FBC.zw)  2018 annual report.Company ProfileFBC Holdings Limited (FBC Bank) is a financial institution in Zimbabwe providing financial products and solutions for retail, commercial and corporate banking; with a range of products and services extending from savings deposit accounts and micro-lending in the informal market to foreign market investment, mortgage financing, micro-lending, re-insurance, short-term insurance and stock-brokering services. Its re-insurance division underwrites classes of insurance for fire, engineering, motoring, marine and miscellaneous incidences. FBC Bank is a wholly-owned subsidiary of First Banking Corporation Holdings Limited which is a publicly-traded financial services company in Zimbabwe. FBC Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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Why I’d still buy this UK stock despite shares rising on takeover talks

first_imgWhy I’d still buy this UK stock despite shares rising on takeover talks Thomas Carr | Tuesday, 14th January, 2020 | More on: AVAP Image source: Getty Images. Simply click below to discover how you can take advantage of this. 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. 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. Thomas owns shares of Avation plc. The Motley Fool UK has no position in any of the shares mentioned. 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. “This Stock Could Be Like Buying Amazon in 1997”center_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Last week saw aircraft lessor Avation (LSE: AVAP) – one of my favourite shareholdings – announce that it has effectively put itself up for sale. More accurately, the company is conducting a strategic review, which could result in M&A, a partial sale of its aircraft portfolio, or a sale of the whole company. Indeed, it confirmed that it’s in talks with a suitor for the whole company, and has encouraged offers from other possible buyers.Re-rating of the share priceAt the time of writing, Avation’s market capitalisation is around equal to the company’s last published net asset value (the book value) at around £188m. However, this net asset valuation related to the end of June last year. I’m convinced that the net asset value has increased since, paving the way for a re-rating of the share price.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…Over the last four years, Avation’s net asset value has increased by an average of 17% per year, almost doubling from $128m in 2015, to $240m in 2019. What’s more, the company has already reported lease revenue growth of 12% in the first half of FY 2020, compared to the prior year. Based on its track record and proven operating model, I think it’s more than likely that this growth has also led to an increase in the company’s book value.Intriguingly, Avation may also be conservative in its valuation of aircraft on its balance sheet. In fact, the company has repeatedly shown an ability to sell its aircraft at prices that are over 10% greater than book value.The book value also fails to take into account profitability and the return that the company is able to generate from its assets, not to mention future growth. The shares have already risen by 10%, since the news that it’s up for sale became public last week. But considering all these factors, I believe that the shares are still undervalued by anything from 15% to 30% — showing just how undervalued they were before.Takeover warsHere at the Motley Fool, we take a long-term view of investing and I wouldn’t suggest buying a share just for a quick profit. Yes, I think this extra value would be reflected in the sale price of the company’s assets, through a higher transaction price, regardless of whether it’s a partial or complete sale. There’s even the possibility that a bidding war could ensue, potentially pushing the asking price higher.But there’s also the possibility that there will be no sale, in which case, buyers of these shares will have acquired a top-quality company, that has an impressive track record of growing revenues, profits, net asset value and its dividend. I like companies like that, and sale or no sale, I reckon these shares are only going one way in the long term. See all posts by Thomas Carrlast_img read more

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Stock market crash: I’d buy when UK shares are on sale!

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Stock market crash: I’d buy when UK shares are on sale! Image source: Getty Images. Thomas Carr | Monday, 2nd March, 2020 See all posts by Thomas Carr 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. Thomas owns shares of Wizz Air Holdings. The Motley Fool UK has recommended Redrow and Wizz Air Holdings. 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. Enter Your Email Addresscenter_img Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” 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. The FTSE 100 index came crashing down last week, falling a massive 11%. Around the world, stocks sold off in a manner that we’ve not seen since the global financial crisis in 2008. Investors are fleeing in their droves, in a panicked response to the global coronavirus outbreak.Clearly, these are worrying times. Nobody knows how long the outbreak is going to last, and what damage it’s going to do. It’s this uncertainty that’s being played out in the global financial markets, so dramatically.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…Market overreactionBut my view is that the markets – as they so often do – have overreacted to this uncertainty. Over the last 100 years, international businesses, economies, and stocks, have repeatedly demonstrated that they can, in time, recover from any number of setbacks. Stock markets recovered from the Second World War, the 2001 terrorist attacks, and the SARS outbreak. Stock markets have recovered from every single event of the last century.My own view is that the outbreak will negatively affect earnings and business performance in 2020, but that by next year, it will be business as usual. As such, I believe that the market sell-off has presented mass buying opportunities, the likes of which I’ve not seen in the last 10 years.Airline stocks have been among the worst affected. Shares in IAG – the owner of British Airways – have fallen by around 26% in the last two weeks. The group is now valued at just three times 2018’s earnings. Its valuation effectively implies that IAG will be unprofitable for multiple years. Reaching that conclusion, on what we have seen from the coronavirus so far, is completely irrational, in my opinion.The discounted cash flow model — used by analysts to value shares — shows that when interest rates are low (as they are now), the value of a company is less dependent on short-term profits. As long as profitability is at some point restored, the valuation should remain intact.Flying lowLike IAG, Wizz Air’s shares have also fallen by more than 20%, bringing its valuation to around 11 times this year’s expected earnings. Considering its recent track record of profitable growth, I think this represents a real bargain.Costain, Redrow, Direct Line and Aviva, have also seen their share prices fall more than 10% over the last two weeks. With P/E (price to earnings) ratios of under 10, all these stocks look too cheap to me, especially considering dividend yields of 9%, 4%, 6% and 8%, respectively.Sainsbury’s shares have sunk by 5%, less than most, but still enough to warrant attention. The supermarket is now valued at a 48% discount to its net assets, and has a hefty 5% dividend. As far as I’m concerned, it should be relatively immune to the affects of the outbreak. People will still need to shop for essentials like food and drink, after all.The best opportunitiesThe stock market crash has affected the shares of virtually every sector of the market. I believe that the best opportunities lie in both the sectors that are most affected, where share prices have collapsed, and also in those sectors that will not be badly affected, but that have been caught up in the general sell-off.As Warren Buffett says: “Be fearful when others are greedy, and greedy when others are fearful’’. 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. Our 6 ‘Best Buys Now’ Shareslast_img read more

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Why I’m considering the Aston Martin share price

first_img See all posts by Rupert Hargreaves Why I’m considering the Aston Martin share price 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. 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. Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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.center_img Rupert Hargreaves | Saturday, 23rd January, 2021 | More on: AML Simply click below to discover how you can take advantage of this. I am considering adding Aston Martin (LSE: AML) shares to my portfolio. While the company might not be suitable for all investors, I believe it may fit my value investing style well. However, I’m wary that the business may not live up to expectations. Therefore, as an investment, I would only ever consider a modest position. Nevertheless, there are a couple of reasons why I believe the business may be able to reverse its poor performance over the past few years. 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…Weighing up the Aston Martin share priceThere are a couple of qualities that I look for in every investment. These are a strong brand and an experienced management team.Aston Martin certainly has the former. The company owns one of the most coveted luxury car brands globally. In 2018, the brand was estimated as being the seventh most valuable brand in the UK. When it comes to management, Aston Martin has a mixed track record. However, its new management team is made up of a former Mercedes executive and Canadian billionaire, Lawrence Stroll, who earned a great deal of his fortune turning around luxury brands. There’s no guarantee he will be able to do the same with the luxury carmaker, but Stroll has an impressive CV nevertheless. The fact that the company has both of the qualities outlined above has piqued my interest in the Aston Martin share price. Still, the group does have some drawbacks. For example, I’m not particularly eager to invest in businesses loaded with debt.The carmaker has a lot of expensive debt. Last year it raised a total of $1.1bn at an interest rate of 10.5%. In comparison, blue-chip Royal Dutch Shell issued debt last year with an interest rate of less than 2.4%. This tells me that Aston had to offer investors a lot to get them to hand over the cash. The group also issued nearly £250m of shares last year to raise even more money. Problems ahead?Aston Martin believed that by raising so much money last year, the organisation wouldn’t need to tap the market again. That may be true. The group may have borrowed enough to put its issues behind it. Just because the company has struggled in the past, does not mean that it will again in the future. However, I think the business has an uphill struggle ahead of it. Too much debt can be hugely problematic for a business, and I’ve made many mistakes in the past buying into highly indebted firms. As such, I plan to continue watching the Aston Martin share price closely over the next few months to see if its turn around begins to gain traction. If the green shoots of growth begin to show, it could be an extremely positive sign, although a turnaround is not guaranteed.  Enter Your Email Address “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.last_img read more

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Friday Funnies – Joe Van Niekerk scores with a vertical leap try

first_imgFriday Feb 17, 2012 Friday Funnies – Joe Van Niekerk scores with a vertical leap try Today’s funny clip comes from the Top 14, and was actually requested by one of the guys on the field when it happened. It features Joe Van Niekerk finishing off a lovely Toulon try, but losing serious man points on the dive.Toulon thumped Bordeaux 44-7 after a slow start to the game. Captain Van Niekerk started things off when he got on the end of a great little move off the back of the scrum that went something like 8, 9, 15, 14, back to 8, then inside to 7. That’s positions, not numbers on their backs as it looks like Steffon Armitage was scrumming at number eight at the time. Luke Rooney also scored, as did Sebastien Tillous-Borde and Welshman Eifion Lewis Roberts, who scored twice after coming on as a second half substitute.The request for this video, as mentioned earlier, actually came in from number 6 on the day, Joe El-Abd. He found the dive so hilarious that he wants it to be shared with rugby fans around the word, so we’ve obliged.“My brother that’s what ya call vertical jump with 10cm height next time I will try and get a few more cm’s in distance!!!” Van Niekerk tweeted back.The try itself was quite good, so it’s worth showing anyway and hopefully by exposing Van Niekerk’s awkward looking effort he’ll put some time into perfecting it, perhaps with Matt Giteau by his side. Or, in future he can just dot it down and stroll back casually like the rest of the forwards. You can follow Joe Van Niekerk on twitter at @bigjoevn, and Joe El-Abd is @joeelabdADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Funnies Related Articles 29 WEEKS AGO WATCH: American reacts to brilliant Nigel… 29 WEEKS AGO Video of John Kirwan apologising while wearing… 29 WEEKS AGO Simon Zebo reveals how ‘absolute lunatic’… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey10 Types of Women You Should Never MarryNueey90% of People Have No Idea What These Two Little Holes Are ForNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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AFC holds second Fundraising Consultants’ Forum

first_imgThe Forum is being hosted by Rensburg Sheppards at their offices in Gresham Street, EC2. Email bookings to JJ Clews at [email protected] The Association of Fundraising Consultants (AFC) holding its second Fundraising Consultants Forum on Monday 25 June. The Forum, entitled ‘The Long Arm of the Law’ will look at the mass of legislation and regulation around fundraising and how it affects fundraising consultants. It will explain the importance of familiarity with the Institute of Fundraisng’s codes of practice to ensure we comply with best practice on a day to day basis; look at the new Charities Act and its imlications; how the Charity Commission and Fundraising Standards Board fit together and what qualifications are open to fundraising consultants to give them more credibility in the marketplace. Speakers include Anne-Marie Piper of lawyers Farrers, Colin Lloyd, chairman of the Fundraising Standards Board, Jane Hobson, head of policy at the Charity Commission and the keynote speech will be given by the Rt Rev’d Nick Baines, Bishop of Croydon.The event is open to fundraising consultants from all disciplines and from all sizes and shapes of organisation. Advertisement  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 8 May 2007 | Newscenter_img Tagged with: Consulting & Agencies Events AFC holds second Fundraising Consultants’ Forum About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Seed Trade Gathers in Indiana for Annual Meeting

first_img Craig NewmanThe American Seed Trade Association brought its annual conference to Indianapolis for the first time in its 131 year history. The meeting is  focusing  policy issues, business opportunities, and challenges associated with the industry. “Indianapolis is called the Crossroads of America, and that is true for the ASTA as over two-thirds of our members are within driving distance,” said Craig Newman, president and CEO of AgReliant Genetics and the association chairman. “We have over 700 members who grow all types of seed. From A to Z — alfalfa to zucchini — we represent all those different types.”The association partnered with Purdue University to offer educational sessions prior to the convention. The Seed Leadership Program included sessions on marketing, leadership and precision agriculture. The sessions are designed for those in low to middle management, but would be beneficial to anyone looking for educational opportunities in the seed industry. ASTA also offered a session on cover crops, the first time that subject has been dealt with at the ASTA meeting.The keynote speech was given Thursday by Mitch Daniels, President of Purdue University. He told the conference, “Science is in favor of biotech. But we need to make it a moral argument, and we need to take it outside this room. It’s bogus for people to try and alarm consumers about fictional difficulties with biotechnology. But the fight against biotechnology is anti-poor. We have arguments for labeling products. Well, I have one for GMOs. Being anti-GMO should be labeled as heartless, cruel, and frankly immoral.” The conference also included presentations by two World Food Prize laureates from Purdue, Gebisa Ejeta and Philip Nelson, who shared their insights on the seed industry. Home Indiana Agriculture News Seed Trade Gathers in Indiana for Annual Meeting By Gary Truitt – Jun 12, 2014 SHARE Facebook Twitter Seed Trade Gathers in Indiana for Annual Meeting Facebook Twitter SHARE Previous articleAction on House Ag Appropriations Bill DelayedNext articleExhibit on Animal Care Visit Fair Oaks This Weekend Gary Truittlast_img read more

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Examining the Mr. and Ms. TCU selection process

first_imgStanford professor speaks as Green Honors Chair Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ + posts Linkedin Caroline Klapp is a junior journalism major from Argyle, Texas. She currently serves as the academics editor. printThe polls for Mr. and Ms. TCU candidates closed last night on Org Sync.Forty nominees were listed, made up of 25 women and 15 men. These students were nominated from different organizations on campus. Students selected one woman and one man to be in the running for the 10 finalist positions.The top five men and women will be announced today. These finalists will participate in a 20-minute interview led by a panel of TCU faculty, staff and alumni, said Homecoming coordinator Ali Stowe.“These judges review the candidates’ contribution to the TCU community, what they have learned from their time at TCU, and their ability to serve as an ambassador of the university,” Stowe said.Aside from the student vote, the Mr. and Ms. TCU selection process has other components. Part one of the process narrows down the list of 40 to 10 finalists. Candidates are scored 25 percent on their resume, 25 percent on a short essay, and 50 percent based on student vote.For part two, the winners will be selected based on a 50 percent score from the part one components and the other 50 percent from the upcoming interviews.“Mr. and Ms. TCU can articulate how TCU and the Horned Frog family has shaped them as a person, a student and leader,” Stowe said. “They have a deep love for the university and demonstrate a successful pursuit of their passions and goals.”Mr. and Ms. TCU will be announced at the homecoming game on Oct. 3. Twitter TCU students teach dance through TCU Tadpoles Student publishes children’s book, “The Howard Gardner Zoo” Caroline Klapp Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ Facebook Linkedin The finalists for Mr. and Ms. TCU 2014 pose for a picture with winners Cody Westphal and Larissa Bogle. Previous articleTCU welcomes SMU in quest to keep the Iron SkilletNext article‘A bike stolen every day’: TCU’s recent rise in bike thefts Caroline Klapp RELATED ARTICLESMORE FROM AUTHOR Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Twitter ReddIt ReddIt Facebook TCU places second in the National Student Advertising Competition, the highest in school history Dee J. Kelly Sr. remembered at reception TCU Frog Camps returning to more traditional look this summerlast_img read more

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‘Question Of Saving Lives Of Critical Patients’: P & H HC Asks Centre To Reconsider Ban On Import Of Used Ventilators [Read Order]

first_imgNews Updates’Question Of Saving Lives Of Critical Patients’: P & H HC Asks Centre To Reconsider Ban On Import Of Used Ventilators [Read Order] Mehal Jain5 Aug 2020 8:19 PMShare This – xAmidst the COVID pandemic, the Punjab and Haryana high court on Tuesday asked the Centre to examine whether the use of imported refurbished ventilators can be permitted, suggesting a reconsideration of the ban on import of used ventilators.”We prima facie feel that in case, the aforesaid ventilators are put to use, it may be of help to some serious patients”, opined Justices Rajan Gupta…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?LoginAmidst the COVID pandemic, the Punjab and Haryana high court on Tuesday asked the Centre to examine whether the use of imported refurbished ventilators can be permitted, suggesting a reconsideration of the ban on import of used ventilators.”We prima facie feel that in case, the aforesaid ventilators are put to use, it may be of help to some serious patients”, opined Justices Rajan Gupta and Karamjit Singh. At the previous hearing, the bench was informed that the import of used critical care equipment has been prohibited inter alia due to the following reasons:-a. Ensuring quality control: Used critical care equipment can be sold as refurbished without being actually assessed in terms of quality, safety and effectiveness. Moreover, there could also be issues regarding repair, maintenance, availability of spare parts and compatibility with older versions of equipment.b. Major risk to patients: Considering that critical care equipment are mainly used in Intensive Care Units (ICUs), there is a legitimate risk that the equipment could endanger the lives of patients in critical conditions who require intensive care. The used critical care equipment could also act as a possible source of hospital acquired infection which may come along with the equipment.Further wear and tear or in-orderly functioning of such equipment could be life threatening to patients in the ICUs.c. Discourage local manufacturing and use of locally produced used equipment: It may be noted that medical electronics is one of the nine sub sector working groups under the electronic system sector in ‘Make in India’. Importing critical care equipment can disincentivize local manufacturers of critical care equipment and can also cause competition with usage of domestic used critical care equipment in the health industry.d. Generation of E-waste at a faster pace: Since the working life of second hand/used equipment will certainly be lesser than new equipment, the used equipment will reach end-of-life at a faster pace contributing to the electrical and electronic waste (e-waste) generation in the country. Ensuring environmentally sound management of e-waste is already a major concern which could get exacerbated if imports of used critical care equipment are allowed.However, the division bench had sought the independent opinion of an expert to ascertain whether the ventilators imported from another country would be hazardous for use in the hospitals in India.On Tuesday, the bench took note of the report that ventilators of reputed brands and found to be in working condition may be put to use subject to clarification of disinfection, effectiveness and assured maintenance by the refurbishing company.Accordingly, the bench required a copy of the report be supplied to the ASG for the UOI to enable him to seek instructions, particularly, “keeping in view the matter involves the question of saving lives of critical patients”. The bench also called for details as to which authority can certify regarding disinfection and effectiveness. Meanwhile, the bench also asked the refurbishing company to submit a certificate of disinfection, their effectiveness and assured maintenance as regards the 32 ventilators imported by the petitioner-firm, to the Director, Department of Medical Education and Research, Government of Punjab.Click here to download the Order Next Storylast_img read more

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