The nature of property investments is also shifting, with funds increasingly investing in logistics space, such as warehousing, amid a boom in online commerce during the pandemic, while cutting back on deals for offices and retail buildings.Read also: Residential property sales, prices rise cool as pandemic hits economySuch shifts in behavior can have seismic effects on the global real estate market, given such funds are among the largest investors in property and have interests worth hundreds of billions of dollars in total. Three sovereign funds sit within the top 10 largest real estate investors, according to market specialists IPE Real Assets.A big question is whether the changes are structural for the funds, for which property is an asset-class staple at about 8 percent of their total portfolios on average, or a temporary response to a huge, unexpected and unfamiliar global event. “Real estate is still a big part of sovereign wealth fund portfolios and will continue to be so,” said Diego López, managing director of Global SWF and a former sovereign wealth fund adviser at PwC.“What COVID has accelerated is the sophistication of SWFs trying to build diversification and resilience into their portfolio – and hence looking for other asset classes and industries.”Sovereign funds have been more bearish on property than public pension funds, another big investor in the sector, Global SWF found. While they have outstripped the pension funds in overall investment across most industries and assets this year, by two to one, that ratio is reversed for real estate.Future of the office Funds are nursing hits to their existing property portfolios stemming from the introduction of lockdowns and social-distancing restrictions. While other parts of their portfolio, such as stocks and bonds, have rebounded from March’s trough, a real-estate recovery is less assured.Property capital value globally is expected to drop by 14 percent in 2020 before rising by 3.4 percent in 2021, according to commercial real estate services group CBRE. Analysts and academics question whether the pandemic’s impact may prove long-lasting, with more people working from home and shopping online.Read also: ‘We are dying’: No new shopping center openings, leasing grinds to halt“I think there’s a real threat to some commercial business districts in the big cities as I can’t see us all return to the 9-to-5 schlep in, schlep out,” said Yolande Barnes, a real-estate specialist at London university UCL.The value of property assets of some funds has fallen in 2020, with those experiencing the biggest drops including Singapore’s Temasek Holdings and GIC, Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority (QIA), according to data compiled for Reuters by industry tracker Preqin.Those four funds have collectively seen the value of such assets drop by $18.1 billion to $132.9 billion, the data showed.Reuters was unable to confirm whether the fall was due to lower valuations or asset sales. The funds either declined to comment or did not respond.Many sovereign funds do not publicly disclose data on property investments, with Norway’s one of the exceptions.The Norwegian fund, which has around $49 billion invested in real estate, up from $47 billion at the end of 2019, said last week its unlisted property portfolio returned minus 1.6 percent in the first half of 2020.Sovereign funds have also largely steered clear in 2020 of new direct investments in London or Los Angeles, hotspots in normal times, according to property services firm Jones Lang LaSalle (JLL), which said SWFs were “on the defensive”.Logistics and biotechThe funds’ advance in logistics properties, such as warehousing and goods distribution centers, comes at a time of high demand as people have bought everything from toilet paper to trainers from home during lockdowns.So far this year, logistics have accounted for about 22 percent of funds’ real-estate investments by value, compared with 15 percent in 2019 as a whole, the Global SWF data shows.Meanwhile, investments in offices have fallen to 36 percent from 49 percent last year, and in retail property to zero versus 15 percent.Read also: Millennials fail to benefit from slower rise in house pricesMarcus Frampton, chief investment officer at the Alaska Permanent Fund Corporation (APFC), told Reuters that real-estate deal volumes had “slowed down substantially” in general, but that, anecdotally, he saw activity in industrial facilities like logistics and “multi-family” apartment blocks.The wealth fund’s holdings have risen to $4.7 billion, up from $4 billion at the end of June, after the purchase of multi-family and industrial REIT stocks on July 1, Frampton said.“Commercial warehouse activity is strong,” he added.In a sign of the times, Temasek participated in a $500 million investment in Indonesia-based e-commerce firm Tokopedia in June.In contrast, physical retail, a significant part of many funds’ holdings, has been hit hard. QIA-owned luxury retailer Harrods in London has reportedly forecast a 45 percent plunge in annual sales, as visitor numbers plummet. Many other retailers have sought to renegotiate rents.The outlook appears brighter for some fledgling sectors such as biotech, which has come to the fore during the pandemic.“We have seen significant demand for life sciences space. That’s ranged from office to specialist lab and warehouse space,” said Alistair Meadows, JLL’s head of UK capital markets.Distressed opportunitiesThe United States office market is expected to face its first year since 2009 of more space becoming vacant than leased, according to CBRE.Still, investors are betting on a rebound of sorts in some quarters. For example, Canary Wharf Group, partly owned by the QIA, unveiled plans last month for a large new mixed-use development, including business space, in London’s financial district.And while hotels face huge challenges, occupancy rates are expected to rebound near to pre-COVID levels – but not until the end of 2021.Read also: Property market to bounce back next year: MarkPlusThe Libyan Investment Authority has experienced problems with the operating expenses of some of its properties, including some hotels in Africa owned by its subsidiary, Chairman Ali Mahmoud Hassan Mohamed told Reuters.But it remains committed to its real-estate portfolio, estimated at $6.6 billion in its latest valuation in 2012, as it was able to restore its value, he said.Crises can also present opportunities, however.In the aftermath of the pandemic, some funds may look for bargains as distressed properties emerge.The Hong Kong Monetary Authority, which operates a fund, told Reuters it would “closely monitor market conditions with a view to capturing appropriate opportunities”.And in an uncertain world, some academics argue that property remains a solid bet for savvy investors.Barnes of UCL said sovereign funds could be “lighter on their feet” than some other institutional funds and more able to adjust their behaviour to suit changing circumstances.“Real estate is one of the better sectors to be in, in a world of turmoil,” she added. “But it’s very much about picking the right real estate.”Topics : The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable.With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to stay afloat, the funds are retreating from many of the real estate investments that have long been a mainstay of their strategies.Sovereign wealth funds (SWFs) invested US$4.4 billion in the sector in the first seven months of 2020, 65 percent down from the same period a year ago, according to previously unpublished data provided to Reuters by Global SWF, an industry data specialist.
Eighteen players and twelve officials of Ashgold will enplane in the early hours of Wednesday morning to Sousse as guest to encounter Etoile du Sahel in the one sixteenth Confederation Cup qualifiers on Sunday.The miners progressed to this stage of the competition after beating Sewe Sport of Ivory Coast on a two nil aggregate.Ashgold remain the only Ghanaian side in a CAF competition this season.But Chief Executive Officer Kudjo Fianoo tells Joy Sports his boys are well conditioned for a surprise despite being tagged under dogs.He said his side was aware of the pedigree of Etoile du Sahel, but insisted they had prepared well enough for the game.Black stars defender Harrison Afful who plied his trade with rivals Esperance has cautioned Ashgold to be wary of the attacking machinery of the Etoile du Sahel. CAF has appointed Mauritanian referee Ali Lemghaifry to officiate in the first leg of the competition.Source: Joy Sports/Ghana
And when South Africa did pry open the Iraqi defence – with only six minutes of regulation time left – luck was not with Joel Santana’s charges. Kagiso Dikgacio’s header was goalbound, with the goalkeeper beaten, only to hit striker Bernard Parker, who ran into the way of the ball for an “own save” he won’t forget in a hurry. The rest of the half played out in what became a familiar pattern as South Africa attacked, pushed Iraq deep into their half, and then seemed to run out of ideas, hoping that one-touch passes would find a way through the Iraqi defence. Parker was denied by the Iraqi netminder, and then his block of Dikgacoi’s header followed. Shortly after the restart, Fanteni set up Parker for a shot on goal, but his effort, from an angle, was straight at Kassid in the Iraqi goal. Fanteni was then narrowly wide with a header from a corner. ‘I just wanted to drop dead’ “When the ball hit me, I just wanted to drop dead on the spot. It happens. It’s football,” Parker said afterwards. Thembinkosi “Terror” Fanteni picked up a yellow card in only the second minute of the match, evidence of the nervousness of the hosts, who were feeling the pressure of living up to the fans’ expectations on home soil. South Africa’s best moment of the half came three minutes later when Siboniso Gaxa picked out MacBeth Sibaya on the right. On the run, Sibaya let rip with a shot across the face of goal. Kassid got his fingertips to the ball and steered it wide of the right hand post for a Bafana Bafana corner. Mashego comes close It looked as if Bafana Bafana might create something after 10 minutes when Fareed Majeed was caught in possession. Parker’s left-footed shot from outside the box was, however, tame and easily gathered by goalkeeper Mohammed Kassid. 15 June 2009 Liverpool striker Fernando Torres decided the outcome of the match with the fastest hat-trick in the history of the Confederations Cup, netting in the sixth, 14th and 17th minutes to set Spain on their way to their 33rd match on the trot without defeat. Spain thrash New Zealand With a record lead as Fifa’s number one ranked team, Spain are looking like the team to beat in South Africa. Cesc Fabregas added a fourth only four minutes later, and the rout was well and truly on. Santana sent on Orlando Pirates’ marksman Katlego Mashego, and his change was almost immediately rewarded, but Kassid denied Mashego in a one-on-one. Iraq managed only one shot on goal in the game, which underlines just how much emphasis the Asian champions placed on getting defenders behind the ball. Sibaya lets rip He said Bafana Bafana had expected to win the game, and having shared the points means the pressure is now on South Africa. Iraq’s sole shot of the game followed shortly after that. In the more than 85 minutes that remained, they failed to test SA goalkeeper Itumeleng Khune. Steven Pienaar, who came on as a substitute with only five minutes remaining, after having been ill in the lead-up to the contest, admitted to being disappointed by the outcome. The Kiwis showed some heart and fought back to share possession, but a blunder just after half-time by defender Andy Boyens, who missed the ball while trying to clear, left striker David Villa with a simple tap-in for Spain’s fifth goal. A lively crowd packed Johannesburg’s Ellis Park for the opening match of the 2009 Fifa Confederations Cup, their plentiful vuvuzelas welcoming the world to a South African football experience. The goal-feast they were hoping for wasn’t forthcoming, however, as South Africa and Iraq played to a goalless draw. The size of the challenge awaiting the hosts in their remaining two matches was made clear in the opening day’s second match between world number one Spain and New Zealand in Rustenburg. The European champions were in scintillating form, crushing the All Whites 5-0. Coach Santana said he was not satisfied with the outcome. He had expected Iraq to show more attacking intent, but instead found, he said, that were trying only to capitalise on South African mistakes and looking for free kicks. Bafana Bafana did most of the pressing but, with Iraq defending in numbers, the passing in the final third of the field was often off target. Would you like to use this article in your publication or on your website? See: Using SAinfo material
SharePrint RelatedDie weltbesten Geocaches verstecken und finden.January 17, 2017In “Deutsch”The Cave — Geocache of the WeekOctober 10, 2018In “Community”Night Caching in Portugal – A Lackey’s Mega-Event ExperienceMay 20, 2012In “Community” GOTW Senhora da Pedra, Madeira PortugalOff the southwest coast of Portugal and northwest coast of Africa lies the beautiful archipelago of Madeira. It is the outermost region of the European Union and an autonomous region of Portugal. Known for its idyllic climate, flowing wine, romantic beaches, and sheer cliffs, Madeira is also home to close to 1,200 active geocaches.You must be thinking, “Geocaching in gloriously warm climate with stunning landscapes and flowing wine—where’s the grit and the character-building adventure of that?!” Luckily, this traditional cache provides a mildly challenging hike with a big pay off in a phenomenal location. Perfect!You’ll start your journey at the São Jorge (St. George) lighthouse, a sweet little spot to prepare for your trek and take in the ocean views. The lighthouse was, “…designed in 1948 and started to function in 1959. Its structure is a cylindrical tower 14-meters high, and the focus is at an altitude of 271 meters. Its light has a range of 16 miles, and its operation is automated in 1986 after being electrified in 1962.”São Jorge (St. George) lighthouseThe next step is to find the path to the geocache. Once you are on the path, you will see why this geocache earned its 3.5 terrain rating. There are many paths—will you take the correct one? Will your path be full of mud with no alternate route? Will you slip and fall in the mud? Will this actually be worth it? Stay strong, intrepid geocachers, because yes, the payoff will be worth it.Path to the geocacheAt the end of the path on the very edge of a cliff, you will find a very large rock. Many years ago it broke free from the hills above, rolled down the rugged terrain, then suddenly stopped right on this precipice. This was so amazing and odd that the locals built a small shrine in honor of the “Lady of the Stone” and placed it underneath the boulder. This “monument’ is full of religious statues, candles, flowers, stones, and other knickknacks. It is also a wonderful place for quiet reflection and to sign a logbook.Path to the geocacheIf this amazing rock and little shrine weren’t enough, check out that view! On the left you can see Porto Moniz very far away, while on the right you can look down and see the old pier of São Jorge. Can it get any better than this?View from above the rockRecent logs:Siggi72This is my second time visiting Madeira but the first time with Geocaching. Without geocaching I wouldn’t have seen this “balancing” rock with the small shrine and the great views. Thanks for showing!Amazing location for a geocacheComètesOn our way, we could not miss this cache, that we already bookmarked in France when preparing our trip. Its D/T ratio is the only one missing in on matrix. We first discovered the lighthouse, then went down to GZ. 148 steps later, we were at the right place. A special place, as many ones that we can discover since we are practising geocaching. We found the box with the help of the spoiler. While we were signing the logbook, a rainbow appeared above the Ocean. To celebrate our fully filled matrix? Thank you for this great cache!At the shrine under the rockED77First we had problems to find the right access and had almost given up. Fortunately we found the right way otherwise we have missed a great adventure and a total crazy place! The path down was a real adventure but at the end worth every step How curious to place a shrine under this huge stone! We enjoyed the mystic and peaceful place, stayed some time staring at the sea This place is worth a favorite pointJust before the geocacheGreat view and a great experienceThe shrineGorgeous viewsView to the rightEven pooches love this geocacheContinue to explore some of the mostamazing geocaches around the world.Check out all of the Geocaches of the Week on the Geocaching blog. If you would like to nominate a Geocache of the Week, fill out this form.Share with your Friends:More Difficulty:4Terrain:3.5 TraditionalGC2ZWP5by luisftas Location:Arquipélago da Madeira, PortugalN 32° 50.110 W 016° 54.419
At Shaam-e-Sarhad, resort in KutchIndia’s longest coastline, splendid beaches, shore temples and forts, the country’s first marine national park, Harappan citadels more than 4,000 years old, ancient Buddhist caves, last habitats of the Asiatic lion, bird sanctuaries, handlooms and handicrafts trails… sounds like a tourist paradise? Gujarat has every reason to feel like one though it has never been much on the radar of travellers, Indian or foreign, with the label of an industrial state with no real tourism initiatives worth talking or writing about.This looks set to change. The growing corporate lifestyle is beginning to reap a bumper crop of upmarket hotels and international restaurants, spas and golf courses, art galleries and cultural complexes. The change over the last five years is dramatic-a state where golf courses were restricted to army cantonments now has golf clubs, corporate golf courses and even golf housing complexes. The corporate groups too are investing in heritage restoration and handicraft promotion as part of their social responsibility.Craft meets contemporaryA rural artisan at Rann Riders finds a customerA classic example of this new trend in tourism is the HM Craft Park, which draws visitors to the village of Bhujodi near Bhuj. Designed to resemble a traditional village in Kutch, this sprawling complex is all about a maze of rooms where artisans practise their art. From carpenters to woodcarvers-who turn out perfectly proportioned miniature dhows and bullock carts-to blacksmiths creating metal bells, this craft park is a journey through the colourful repertoire of all that Gujarat has to offer to the lover of arts and handicrafts.Says Bhojraj Dhoriya, a weaver specialising in mashru, a combination of silk and cotton threads used to make a fabric, “Handicrafts have been part of the life and culture of Kutch for centuries… Thanks to corporate support and NGO intervention we have more platforms such as the HM Craft Park, the Crafts Resource Centre at Kukma, the outlets of NGOs like Shrujan, Qasab and Kala Raksha.” Even more emphatic is Samat Tej Singh, who weaves carpets, rugs and blankets from camel and goat hair. “As we live in villages like Kuran which are very close to the Indo-Pak border, artisan communities like ours can hardly hope to have visitors. These new initiatives have helped us to know our markets,” he adds.Rural livingA young member of a Kutchi tribeKutch is an example of a fast-changing Gujarat. Along the road from Anjar to Kandla are a string of sprawling resorts that offer 3-4 star facilities, plush rooms, conference halls, sports and recreational areas, and party lawns. These are often booked for weddings, receptions, parties and corporate events.Of greater interest to travellers is Shaam-e-Sarhad in Hodka, one of the villages in the Banni grassland region, known for its high concentration of craftswomen. The drive to Hodka from Bhuj goes through the grasslands where you can see men and boys herding camels, sheep, goat and other livestock. On the way you can visit villages like Sumrasar Shaikh and Bhirendaria for a glimpse of a variety of embroidery styles.You enter Shaam-e-Sarhad through a reception area decorated with handicrafts. The highlight here is the interpretation of the village architecture of Kutch in the form of cottages that resemble bhungas (roundhouses), complete with mud-plastered walls decorated with mirrors and finger paintings. Each cottage comes with a patio overlooking the countryside. The resort employs people from the village, trained in housekeeping and understanding modern guest requirements by hospitality professionals, with much of the revenue going for community welfare projects.Beaches go boldHM Craft Park at BhujodiBesides crafts-based tourism, Kutch has also signalled the birth of beach tourism in Gujarat with the resort in the palace estate of Mandvi. This palace estate, which has been the location for Bollywood blockbusters Lagaan and Hum Dil De Chuke Sanam, has the majestic Vijay Vilas Palace as its centrepiece and a privately-owned beach. The Maharao’s nephew has started a resort here that is themed on the Raj-era camps that were set up during hunts and weddings at princely states. The 10-tent cluster offers direct access to the beautiful private beach facing an unending view of the deep-blue Arabian Sea waters. Beachside amenities include a thatched-roof restaurant open on the sides where you can enjoy the meal while savouring the breeze and views of the sea.Hip AhmedabadA vintage car at the Auto World DastanWhile rural tourism has taken Kutch by storm the city of Ahmedabad has mushroomed malls, hotels, restaurants, sports and spa facilities over the last decade. Among the most recent additions to Ahmedabad’s list of attractions is the Auto World at Dastan, the private estate of art connoisseur and car collector Pranlal Bhogilal. As you get to the estate, which is about 20 minutes’ drive from the city’s airport, the first impression is of greenery. The museum has an open-sided pavilion dedicated to American cars from the Twenties and the Thirties while the larger pavilion after this has pre-World War models. A highlight of the collection is the large number of cars that Bhogilal has acquired from Maharajas and Nawabs that have beautifully finished custom coachwork, ornate and personalised interiors, and rich tapestries. This includes coach-built 1920s and ’30s Rolls Royce from the erstwhile princely states of Himachal, Rajasthan and Gujarat, and a superb Hispano Suiza from Alwar.There are also cars from wealthy families like a 1932 Rolls Royce 20/25 Sedanca Deville from the Jewish Gubbay family of Kolkata. Ulrich Schmid-Maybach visited the museum to see the 1937 six-cylinder Maybach SW38 designed by his grandfather Karl Maybach, and Christie’s international director rated the thematic display of the museum among the best he has ever seen.Another unique aspect of Ahmedabad is the Heritage Walk, which is perhaps the only walking tour in India that has operated successfully for a decade as a daily departure except on a few public holidays. The tour begins from the Swaminarayan Temple, near the railway station at Kalupur, and takes you through parts of the walled city that are not accessible by car. This is a good way to explore the old quarters called pols which comprise narrow lanes lined by three-storey havelis with ornate facades, wooden balconies, carved brackets and exquisitely carved doors. The walk ends at the Jamma Masjid, a 15th-century mosque in the Indo-Saracenic style with a fabulous arcaded facade and the prayer hall with rows of domes. The House of Mangaldas Girdhardas, a heritage hotel, offers audio-guided tours with an MP3.Golf greensThe 18-hole course at Kensville Golf and Country ClubFor those who want to stay in a golf resort the Kensville Golf and Country Club in Ahmedabad offers upmarket rooms done in pleasing colours and motifs that go with their location in a golf course. The 18-hole golf course has a Jeev Milkha Singh signature hole, rolling greens and water features, and flower beds. Kensville is a good base to visit Nalsarovar Bird Sanctuary, which is about 15 km from the clubhouse.Wildlife watchAsiatic wild ass at Little Rann of KutchEven more interesting for birdwatchers and wildlife enthusiasts is the Wild Ass Sanctuary covering about 4,900 sq km of the Little Rann of Kutch and neighbouring villages in Surendranagar, Mehsana and Kutch districts. A vast expanse of salt-encrusted plains with patches of vegetation, the Little Rann is the abode of the highly endangered Indian wild ass, not seen elsewhere, besides the endangered Indian wolf, desert and Indian foxes, chinkara gazelle and a variety of bird species characteristic of scrubby desert habitat. There are wetlands here as well where you can see thousands of flamingos, hundreds of pelicans, massive flocks of cranes, and a variety of ducks.A good place to stay near the sanctuary is Rann Riders at Dasada, 90 km from Ahmedabad, which started as a small four-room camp and has grown over the last few years to become a sprawling resort. The owners maintain a fleet of open vehicles for the desert safaris in the sanctuary. A special feature of the resort is the area given over to artisans to exhibit their skills and sell their wares. You can watch weavers at work on rare weaves like ikat and tangaliya, Rabari women doing their distinctive style of embroidery, and the Mir girls making beaded bangles.Another wildlife reserve that has been getting much attention from resort owners recently is the Gir National Park and Wildlife Sanctuary, the last remaining habitat of the Asiatic lion. Gir also has a healthy population of leopard making it one of the best big cat sighting reserves in all of India.The Gir Birding Lodge has an enviable location in a fruit orchard at the very edge of the wildlife sanctuary with its mangoes, berries and stone fruits bringing in birds from the forests. The main lodge has the dining and sitting rooms overlooking a part of the sanctuary. Some guests have claimed to have sighted a lion or leopard over morning or afternoon tea on the balconies. Another good resort is the Lion Safari Camp, which has plush tented accommodations among palms and mango trees. A more contemporary-style resort at Gir is the Gir Jungle Lodge, which offers 36 rooms in a garden setting with a swimming pool, ayurvedic centre, spa and gym.With a successful blend of tradition and the modern, Gujarat, indeed, has reinvented itself in the last decade.advertisementadvertisementadvertisement Fact fileHM Craft Park Near Bhujodi Village (about 20 minutes drive from Bhuj Airport); tel (02832) 240 495/496; www.hmcraftpark.comShaam-e-Sarhad Hodka (about one hour drive from Bhuj airport); tel: (02803) 296 222; www.hodka.inBeach at Mandvi Palace Vijay Vilas Palace, Mandvi, Kutch; tel: (02834) 295 725; www.mandvibeach.comAuto World at Dastan Dastan Estate, Kathwada, Sardar Patel Ring Road, Ahmedabad; tel: (079) 2282 0699Heritage Walk in Ahmedabad Call CRUTA Foundation for bookings; tel: (079) 3982 4116, 2657 4335; timings: 8a.m. to 10.30a.m. dailyKensville Golf & Country Club Bavla-Nalsarovar road; tel: (079) 4000 2900, 2692 5729Nalsarovar Bird Sanctuary 90 minutes from Ahmedabad via Sanand. Forest department office tel: 079 372 3500Rann Riders Dasada village, District Surendranagar; tel: (02757) 280 257; www.rannriders.comGir Birding Lodge At Bambaphor Gate, Sasan Gir; tel: (0)98240 72075; e-mail [email protected] Safari Camp Hirneshwar Temple, Village Balcheel, Sasan Gir; tel: (079) 4026 3333; e-mail: [email protected] Jungle Lodge Sasan-Junagadh Road, Sasan Gir; bookings tel: (011) 2585 4147
Haryana players, who have played a stellar role in the success of Pro Kabaddi League, will finally have a team from their state participating in the fifth season starting July 28.The JSW-owned Haryana Steelers on Monday named local boy Surender Nada as captain in their maiden season. He will have another Haryana boy in Wazir Singh as his deputy.”I can’t really express my feelings,” Nada told India Today after he was handed the captain’s armband on a humid Monday afternoon in Sonepat. “I have been waiting for this day. In fact, many Haryana players, who have played for India in the Asian Games and many international tournaments, were looking forward to this day. Pro Kabaddi has been such a huge hit but we never had a team from our own state. This is a reality now,” Nada gushes.Rai School in Sonepat will host Haryana team’s home games. The first one is a sold out already when they take on reigning champions Patna Pirates on September 8. The team has spent the last three weeks training in a pre-season camp in Karnataka’s Bellary.Having owners – Sajjan and son Parth Jindal of the JSW Group – who also belong to Haryana is the proverbial icing on the cake for players of the new team.”We had the opportunity of entering the league at the very beginning but were very new with all our activities at the JSW sports and it was already too much on our plate to take on multiple teams. So, when the opportunity rose again of owning a team, there was no discussion internally. It was always going to be Haryana as our first pick. It is the home state for the Jindal family. They have grown up and still spend a lot of time here. Most of the players come from this state and now they have an opportunity to representing it in the league. I am sure this will give them an additional boost when they are on the mat. Maybe next time we will also have some silverware to celebrate with,” says Mustafa Ghouse, former tennis player, who is now a CEO with JSW Sports. advertisement”It is a matter of great pride for us today. We have invested in cricket before but India cannot just stay a cricket-oriented country. We need to promote our local sports as well. Haryana has been connected with Kabaddi at the grassroots level. It is imperative to have a team from Haryana,” added Varun Gupta, Director, Kent RO Systems, one of the key sponsors of the Steelers team.Meanwhile, Nada, one of the best left corner defenders in the country, is already feeling the pressure. Not for the forthcoming games on the mat though. The newly-appointed captain’s phone hasn’t stopped ringing with friends, relatives and fans already demanding match day passes for the big game in Rai this September.”Now I know what other home team captains go through. I will take time to adjust to this,” he admits while leaving for a photo-op.
A juvenile has been apprehended for the alleged abduction and murder of six-year-old boy from central Delhi’s Ranjit Nagar, police said on Saturday.The 17-year-old, who is a neighbour of the victim, also told police that he desired to purchase an expensive phone with the ransom money, said a police official.As per the police, on Thursday evening when Ganesh was playing outside his home, the accused lured the boy with some mobile games and abducted him. About 9 pm, he made a phone call to the boy’s father, Pramod, allegedly demanding Rs 1.5 lakh for the safe release of the boy.Pramod is a fruit seller and has his shop is in a central Delhi market. When he returned home on Thursday, he found his son missing and went out looking for him. Meanwhile, he received the ransom call. He had no means to pay the ransom money and so he reported the matter to the police.On Friday evening, Ganesh’s body was found in a park in south-west Delhi’s Narayana area with his throat slit. Meanwhile, police had started tracking the phone number by which the ransom call was made.
Kolkata: The state Power department has started using a new technology for strengthening the power distribution system with special emphasis on quick identification of faults in electricity supply lines. “We have started using SEEDN technology, which enables us to locate the exact area of the fault as we start moving from the substation located in a particular area, from where the fault has been reported. The technology is equipped with a fault passage indicator, which helps in quick location of the electric pole, where there has been a problem,” state Power minister Sobhandeb Chattopadhyay said. Also Read – Heavy rain hits traffic, flightsEarlier, engineers from the Power department had to travel long distances and check every single pole to identify the exact place of the fault. The department has already installed this technology in 50 feeder boxes across the state.It has been found that due to frequent thundershowers in recent times, there have been frequent power faults and the engineers from the Power department has addressed the situation in no time by the use of this modern technology. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killed”Apart from the inclement weather resulting in power disturbances, overdrawing of power by illegal means have also resulted in power cut,” a senior official of the department said. The department, with the objective of sustainable and uninterrupted power connection, has taken up a project of underground cable system for power supply in 77 urban townships across the state. The department has successfully completed laying of such underground cables for electricity at Nabadwip in Nadia district and Bolpur in Birbhum.”We have targetted to complete the underground power supply project by 2025. We will be taking up an average of 11 urban townships a year for installing this facility. This will help us achieve our aim of laying underground power supply infrastructure for 77 such townships in the state,” an official said. Overhead power supply is often affected when there are inclement weather conditions, like a storm or heavy rainfall. “Apart from this, there is rampant power theft due to hooking, which results in loss for the department. Underground power connection will make the situation much better,” a senior official of West Bengal State Electricity Distribution Company Ltd (WBSEDCL), which is implementing the project said.
Kolkata: The Special Task Force (STF) of Kolkata Police nabbed a Fake Indian Currency Note (FICN) racketeer identified as Majibur Shaikh, a resident of Baishnabnagar, from Malda on Monday evening. Investigators have recovered FICN worth Rs 5 lakh from him.Sources informed that Shaikh’s name came up to the STF investigators, following the arrest of three FICN racketeers in the month of July. Following the arrest of the trio, investigators had recovered FICN of Rs 500 denomination worth Rs 1 lakh, along with forty semi-finished improvised firearms. Also Read – Rain batters Kolkata, cripples normal lifeFollowing the interrogation process, STF raided an illegal arms factory at Kankinara in Jagaddal. Twenty pieces of semi-finished firearms, one lathe machine, two drilling machines and several parts of improvised firearms were seized from the factory. Six persons working in the illegal workshop were arrested.During the follow up investigation, investigators came up with Shaikh’s name. On Monday, acting on a tip-off, an STF team was waiting for Shaikh at the Esplanade bus terminus. When he got down from a bus, STF personnel surrounded him.After checking his bag, 250 fake notes of Rs 2,000 denomination were found. The investigators are suspecting that Majibur might have connection with international FICN rackets.