J&K Bank plans to raise up to Rs 4,500 cr capital via equity, debt

NEW DELHI: Public sector Jammu and Kashmir Bank is looking to raise up to Rs 4,500 crore through equities and debt, according to its annual report.The bank will seek shareholders’ approval for the fund raise proposal in its annual general meeting to be held on September 28, 2020, the lender said in its Annual Report […]

Tesla shows rare modesty with $5 bn share sale

NEW YORK: Elon Musk is not known for being humble. Tesla’s chief executive routinely makes grand promises about the $464 billion electric-car maker’s technological prowess and pace of manufacturing, and is often found wanting. But Musk is showing some modesty in his capital-markets ambitions, at least for now.Tesla on Tuesday said that it intends to […]

Xenophobia, Chauvinism and crisis of capitalism in Africa

It is almost like the routine here, that alleged Fulani herdsmen are the bandits hacking down farmers, has the tacit support of the federal government. These tendencies are malaise of neo-capitalist economic order, whose key feature is exclusion and marginalization of majority of working people, whose struggle for slim opportunities result in reinventing themselves as […]

CSE calls for ‘green’ recovery action plan

United Nations General Assembly declared September 7 as the International Day of Clean Air for blue skies. The idea was to build awareness on clean air for health, productivity, economy and environment at all levels — individual, community, corporate and government. As the world marks the first such day on Monday, the Centre for Science […]

Plans to make it easier to get onto the property ladder using shared ownership revealed – here’s how it works

The Local Government Association’s housing spokesman David Renard added: “With more than 1million households on council housing waiting lists, it is vital that we build more housing for social rent and we look forward to seeing more clarity around how this will be delivered.”

South African miners’ families back Julius Malema’s call for nationalisation

Siphiwo Gqala, 25, said he sometimes spends up to 14 hours a day underground but does not receive overtime pay. “It’s dangerous work,” he said. “Sometimes you go down there and a rock falls and you die. Big vehicles can come and kill you.” Recalling Thursday’s massacre, he said: “I’ve never seen something like that: […]

COVID-19: UN calls for protection of 46m school children in Nigeria

“Schools must remain safe places, free of conflict and violence,” said Audrey Azoulay, UNESCO Director-General. “Our collective future as well as the achievements of all development goals depend on it. Safeguarding the right to education for all contributes to the achievement of sustainable development and nurtures the international community’s decades-long gains towards peace, economic prosperity, […]

How corporate venture capital could close the gender gap for entrepreneurs

The data indicate that we still have a long way to go. In 2019, less than 3% of all VC funds went to women-led companies, more than 90% of all decision-makers at VC firms were men, and despite representing 39% of the nation’s business owners, women accounted for only 4% of all business revenues. When […]

PM calls for obedience of law in East Sea

The ASEAN should effectively use the Covid-19 Response Fund and the Regional Reserve of Medical Supplies to enable a rapid response to emergency medical supply needs, with the partnership of external partners, while helping the economy recover and providing prompt support for people and businesses affected by the pandemic.

UNICEF calls for rapid action, collaborative efforts to end open defecation in Benue

In her goodwill message, the Water Supply and Sanitation Collaborative Council, WSSCC, National Coordinator for Nigeria, Mrs. Elizabeth Jeiyol stated that Benue state was making efforts to tackle the menace of open defecation and sued for the redoubling of that effort to ensure that the state became open defecation free in 2025.