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India’s BPCL to acquire 36.62% stake in Bharat Oman Refineries

first_imgBPCL currently holds 63.38% of the paid up share capital of BORL India’s BPCL to acquire 36.62% stake in Bharat Oman Refineries. (Credit: LEEROY Agency from Pixabay.) Indian public sector oil and gas company Bharat Petroleum Corporation (BPCL) is set to acquire a 36.62% stake in Oman firm stake in Bharat Oman Refineries Ltd (BORL) from OQ (formerly known as Oman Oil Company).Oman government-owned OQ is a national petroleum investment company which invests in power generation, energy transportation and infrastructure, oil refining, and petrochemicals manufacturing.At present, BPCL holds 63.38% of the paid up share capital of BORL while OQ holds 36.62% of the paid up share capital in BORL.The company’s board of directors have also approved the acquisition of OQ’s stake in BORL, which owns and operates 7.8 MMTPA capacity of Bina Refinery located in Madhya Pradesh in India.They have also approved the proposal to approach the Madhya Pradesh government to acquire the 269,00,000 warrants held the state government in BORL.Incorporated in 1994, BORL also has a crude oil import or supply system including a single point mooring system, crude oil terminal at Vadinar, Gujarat and 937km-long cross country crude oil pipeline from Vadinar to Bina.Furthermore, the acquisition is subject to the completion of definitive agreement between the two parties, the approval of the competent authorities as well as the completion of Regulatory and other requirements.In addition, BPCL’s board of directors have given the ‘in principle’ approval for merger of Bharat Gas Resources, a wholly owned subsidiary of BPCL, with itself.The merger of the natural gas business is subject to the approval of the competent authorities and completion of regulatory and other requirements.Recently, Livemint reported, citing people familiar with the matter, that Vedanta is planning to raise $8bn through a mix of debt and equity to secure funds for the acquisition of a 53.29% stake in BPCL.last_img read more

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Entire private rental sector unites to demand £230 million for struggling tenants

first_imgAn unprecedented coalition of six private rental sector organisations and poverty groups have joined forces to call for tenants to be given government help to pay off their Covid rent arrears.Shelter, ARLA Propertymark, the National Association of Residential Landlords, Crisis, Generation Rent and Citizens Advice have all this morning said Ministers must introduce a short-term package of emergency grants and loans worth £270 million to help renters who have lost out on income or been furloughed as a result of the pandemic.The alliance, which is a group of organisations more used to arguing in public over policy, has agreed that the cash should only be used to support tenants who have run up arrears since Covid began in March, but told the government too many people are falling through the gaps and facing homelessness.They say the £270 million should include grants for those in most financial need and zero-interest loans for those who are able to repay them.Timothy Douglas (left), Policy & Campaigns Manager ARLA Propertymark, says: “It is vital that the UK Government introduce emergency measures to support those in rent arrears brought about because of Covid-19 to ensure that tenancies are maintained, and we keep the rent flowing.”Chris Norris (right), Policy Director for the National Residential Landlords Association, says: “Whilst the vast majority of landlords and tenants have been able to reach agreements where rent arrears have built, in some cases this has proved difficult.“A financial package, such as that we propose today, would greatly assist tenants and landlords to achieve what we all want, namely to sustain tenancies.”Polly Neate (left), chief executive of Shelter, adds: “Ever since this pandemic gripped hold of the country, causing chaos for hundreds of thousands of renters, our services have been deluged with calls from worried families and workers plunged unexpectedly into debt.“When the ban lifts, their ability to clear Covid-arrears will be critical if they are to stay safe in their homes.”Read more about rent arrears.Timothy Douglas polly neate NRLA homeless ARLA Propertymark Shelter Chris Norris Crisis August 28, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Associations & Bodies » Entire private rental sector unites to demand £230 million for struggling tenants previous nextAssociations & BodiesEntire private rental sector unites to demand £230 million for struggling tenantsUsually opposed organisations have come together to highlight how thousands of tenants are ‘falling through gaps’ and that system of grants and loans is needed urgently.Nigel Lewis28th August 202001,320 Viewslast_img read more

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SEA CONSORTIUM (All Saints)

first_img× SEA CONSORTIUM — The 4th, 5th, and 6th grades of All Saints Catholic Academy enjoyed a field  trip to Sandy Hook Consortium to learn about sea life and conservation.last_img

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Coburg modernises

first_imgCoburg Coffee Company is relaunching two of its major brands this year, Langdons of London and Giovanni Rizzi. The company has redesigned the brands to give them a more modern look.The Langdons of London range of traditional roast and ground coffees is available in a variety of whole bean and ground coffee blends.The company is offering wireless hotspots to any coffee outlet ordering 8kg or more of its Giovanni Rizzi brand per month. The company’s research suggests that free access wireless hotspots increase an outlet’s customer base and turnover by at least 8% and as much as 25% in some cases. The package includes free branded marketing material, 24-hour remote monitoring and a plug and play set-uplast_img

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Press release: Merseyside drivers urged not to risk road workers’ lives

first_imgOn average there are nearly 300 incidents a week of road users driving into coned-off construction areas, risking the lives of road workers who are busy improving England’s 4,300 miles of motorways and major A roads. They included over 1,200 incidents in the North West alone during a three-month period last year.Phil Tyrrell, Highways England Project Manager for the Switch Island scheme, said: This is a complex engineering scheme which will result in much better journeys through the junction, and our road workers should be able to concentrate on the job they’re doing. We’ve deliberately planned the project so that sections of the junction are only closed overnight when traffic levels are much lower, and clearly-signed diversions are in place to help drivers get to their destinations. Drivers who selfishly and illegally ignore the closures to force their way through are putting both their lives and those of our road workers at risk – all to save a few minutes on their journeys. Contractors for Highways England have reported 23 separate incidents in the past two months where road users have driven into the roadworks for the £3 million improvement project at Switch Island, where the M57, M58 and three A roads all join together.Incidents have included a lorry driver who travelled through the construction area without stopping forcing road workers to quickly get out of the way, a motorcyclist who swerved around a worker when he tried to stop the driver to explain the dangers, and the driver of a 4×4 who swore at a worker who tried to offer advice before driving away.Drivers are now being warned that their details will be passed on to Merseyside Police and they could face prosecution if they deliberately ignore roads closures to try and save time on their journeys.Karl Sandiford, 48 from Bolton, has worked on the motorways for 18 years. The married father-of-one is a site supervisor for Highways England contractor Balfour Beatty Mott MacDonald and is currently working nights at Switch Island. He said: We get frequent incidents where drivers break through our road closures. Most are people who simply do not care and ignore the cones and signs that are installed to protect us. We have enough to think about while getting the job done. What I and everyone else working, not just on this site but anywhere on the motorway network, can do without is the chance that we could get run over. We’ve all got families and it only takes a second for someone to be hit by a vehicle that shouldn’t be there, and then that’s that person’s life and their family’s lives ruined. The Switch Island improvement scheme includes changes to the road layout and lane markings, new barriers between carriageways, coloured high friction surfaces, better signs and a new 400 metre shared cycle path.Airport-runway-style LED lights are also being installed in the road surface which will light up when traffic lights turn green so drivers can clearly see which lane they should follow.And new signs will be displayed on three new gantries over the A5036 Dunnings Bridge Road, A59 Ormskirk Road and A5758 Brooms Cross Road to help drivers get into the correct lane to continue their journeys.More details on the scheme are available via the project web page.General enquiriesMembers of the public should contact the Highways England customer contact centre on 0300 123 5000.Media enquiriesJournalists should contact the Highways England press office on 0844 693 1448 and use the menu to speak to the most appropriate press officer.last_img read more

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A Phish Phan Jumped On Stage And Jammed With Jon Fishman Last Night [Watch]

first_imgLast night, Phish treated fans to a number of tour debuts, as well as the second version of “Fluffhead” on this summer’s tour. Playing the Cross Insurance Arena in Portland, ME, one fan got a little too excited during the “Fluffhead,” finding his way on stage during the song. The fan brought his own drum sticks with him, and jammed with Jon Fishman for a few seconds before being escorted off by security.Watch the whole thing go down below.last_img

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Watch Inishmaan’s Daniel Radcliffe on Broadway Love & Tony Snubs

first_imgThe Cripple of Inishmaan headliner Daniel Radcliffe stopped by CBS This Morning to discuss everything from Gary Oldman’s nudity advice to his adoration for Broadway. “You guys have the most bustling, exciting, theater district in the world,” Radcliffe says. While the Tony nominating committee may not have recognized his acclaimed performance for a third time this season, Radcliffe keeps his head up, assuring us, “it’s not going to stop me from coming back.” And while he may be known for playing a certain boy wizard, the Broadway.com Audience Choice Award winner seems to be keeping his eye on the stage: “As much as Potter was responsible for the first part of my career, I do think Broadway can take a lot of credit for the next.” Take a look at his interview below! Star Files View Comments Show Closed This production ended its run on July 20, 2014 Related Shows The Cripple of Inishmaan Daniel Radcliffelast_img read more

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Referral marketing statistics don’t lie

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr At RewardStream, we have repeatedly highlighted referral marketing as one of the most successful of all marketing methods—if not the most successful. With a small cost to the marketer and a high potential for reward, referral marketing can deliver one of the highest returns on investment by leveraging your most loyal customers to become active brand evangelists.If you are like most marketers, though, you want to see the statistics behind referral marketing before you launch a program of your own. With that thought in mind, we have compiled a variety of statistics and research from reputable sources into one comprehensive rundown of the benefits of referral marketing. These numbers don’t just show that referral marketing is successful, but they also give an explanation for why it is successful.The Power of ReferralsIn 2013, Nielsen published a report called “Under the Influence: Customer Trust in Advertising.” The study wasn’t focused singularly on referral marketing, but many of the findings provided compelling evidence that referral marketing is indeed among the most powerful forms of marketing. The question that the study was asking was a fairly straightforward one: which types of advertising are people most likely to trust. Nielsen surveyed an undisclosed number of “global respondents” from 58 countries to find the answer. What topped the list? “Recommendations from people I know,” with an 84% trust rate. continue reading »last_img read more

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Compliance: 2020 thresholds for higher-priced mortgages, Regs Z, M

first_imgThe Consumer Financial Protection Bureau and other federal agencies have announced thresholds for certain regulations for 2020. This includes for higher-priced mortgage loans made during calendar year 2020 and Regulations Z and M for consumer credit and lease transactions.The threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase to $27,200 in 2020, up from $26,700, effective Jan. 1. This is based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as of June 1, 2019.The CPI-W also determines the dollar thresholds for determine exempt consumer credit and lease transactions under Regulation Z (which regulates the Truth in Lending Act) and Regulation M (which regulates the Consumer Leasing Act). continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Are you proud of your credit union?

first_imgPride in their job and pride for your credit union is something you unequivocally expect from your employees.  You want them to be loyal.  You want them to be excited about the credit union and share it with anyone and everyone.But I am going to ask you a hard question right now.  Are you, the leader of the credit union, as equally excited to share your credit union with the members who want and need you?Let’s say you are at a restaurant enjoying a meal with your spouse (and you’re the CEO of your credit union), and the waiter is asking what you do for a living.  You say, “I work for a bank.”The waiter, working at this restaurant to subsidize his income because he is an entrepreneur at his growing company, is hustling to build a better life for himself and his family.  He begins asking if you do small business loans.Not even looking him in the eye, you say “you have to qualify for membership and we don’t work with very many businesses,” trying to end the interaction.Serving people in any industry isn’t always convenient and on your timeline.  Peoples’ financial needs are always on their mind…not just when the credit union is open.  They may not be the “ideal member” you have in your mind.  They may have more than one job to support their family.  They may be drowning in debt or they may be recovering from a big financial tragedy and are starting to fight their way back.I will end with a second hard question: If you were a fly on the wall at the restaurant witnessing that conversation between the waiter and one of your employees, would you be upset with them?  Would you see the pride for your credit union that you expect them to have?Pride, enthusiasm, inspiration, and excitement are all attributes that can and should be developed daily among employees at all levels.  Credit unions continue to have the best brand story of any industry (yes I may be biased) because credit unions do all of the things that members need and want but they do it with fewer financial and human resources.  Which means you work harder.Why do you work harder?  Because you have a heart for the mission of your credit union.  And how should that work make you feel?  Proud. 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Amanda Thomas Amanda is founder and president of TwoScore, a firm that channels her passion for the credit union mission and people to help credit unions under $100 million in assets reach … Web: www.twoscore.com Detailslast_img read more