Stress games for groups

JINJA: Indian Association in Uganda, with help of the Indian Military training team, set up a military war game centre in Jinja district. On Sunday, Ugandan President Yoweri Museveni inaugurated the war game centre conceptualised by Indian military team for Uganda Peoples Defence Forces (UPDF). While commissioning the wargame centre at the Uganda Senior Command and Staff College in Kimaka in Jinja District, the the President said, "This centre is also a great gesture of the wider cooperation and support we enjoy with the government and the people of India." He also hailed the relationship between the UPDF and the Indian army which he said has a lot of knowledge, experience and heroism. "Our relationship with India has existed for centuries. We were colonised together by a small group of people who came from Europe, but when we all woke up, and the small groups ran away. During that time, we fought together first against the Japanese in Burma. The heroic Indians are the ones who … [Read more...] about India helps Uganda to set up military war game centre

"We will have to see and consider what advantages it may offer to the organization of Beijing being so close to the Olympic Games in Tokyo, because this will keep and even raise the awareness of the world for the Olympic Games at a very high level, " said the former Olympic fencing champion of Germany. … [Read more...] about 2022 Games on track despite virus

MUMBAI: Sajjan Jindal’s JSW Group has emerged as the highest bidder for Binani Cement, exceeding submissions from billionaire Rakesh Jhunjhunwala and UltraTech, said three people familiar with the development. JSW’s bid is worth about Rs 5,900 crore, they said. While the bids were revealed to the committee of creditors two days ago, banks will take a final call on the winner in the coming days. The lenders have appointed consulting firm Alvarez & Marsal to evaluate bids. Bankers are confident Binani is one asset that they won’t lose money on. ET reported on January 16 that cement makers such as UltraTech, Heidelberg, JSW Group, Dalmia Bharat and Ramco Cements besides Jhunjhunwala had made proposals to acquire assets of the debtridden company. Dalmia Bharat partnered billionaire Ajay Piramal to bid, while JSW submitted its proposal jointly with a private equity firm and Ramco Cement tied up with PE fund True North. ‘No Haircut’ “We have … [Read more...] about JSW highest bidder for Binani Cement

Mumbai: As the ongoing lockdown has severely impacted infrastructure activities across the country, liquidity starved engineering and construction industry is seeking immediate release of long pending dues from the central and state government agencies. According to industry players, release of these dues, most of which are stuck in arbitration and run into thousands of crores of rupees, would bring in immediate liquidity in the current COVID crisis scenario, rather than the Rs 20 lakh crore economic stimulus package announced recently. Finance minister Nirmala Sitharaman recently announced a stimulus package of Rs 20 lakh crore, or 10 per cent of the GDP, in five tranches to give a boost to the economy which will be in the negative territory for the current fiscal. "Funding of construction projects will be instrumental in helping revive the economy as infrastructure investment has the highest GDP multiplier factor, almost 2.0x, and our industry is among the largest employment … [Read more...] about Construction industry seeks immediate release of pending dues from govt agencies

By Lulu Yilun Chen, Vinicy Chan, Katie Roof and Zheping HuangByteDance Ltd.’s valuation has risen at least a third to more than $100 billion in recent private share transactions, people familiar with the matter said, reflecting expectations the owner of video phenom TikTok will keep pulling in advertisers. Stock in the world’s most valuable startup has changed hands recently at a price that suggests its value has risen more than 33% from about $75 billion during a major round of funding two years ago, the people said, asking not to be identified because the matter isn’t public. Some trades recently valued the Chinese company between $105 billion and $110 billion on the secondary markets, some of people said. It has also traded as high as $140 billion, one person said. The trades are private transactions and may not fully reflect broader investor expectations. Stock in the secondary market is usually valued at a discount to primary shares since it’s less … [Read more...] about TikTok owner is world’s most valuable startup at over $100 billion in private markets