Constance Hotels Services Limited (CHSL.mu) 2013 Abridged Report

first_imgConstance Hotels Services Limited (CHSL.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2013 abridged results.For more information about Constance Hotels Services Limited (CHSL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Constance Hotels Services Limited (CHSL.mu) company page on AfricanFinancials.Document: Constance Hotels Services Limited (CHSL.mu)  2013 abridged results.Company ProfileConstance Hotels Services Limited is a Mauritian company engaged in the management and ownership of hotels and resorts that include Ultimate hotels and Unique resorts in the Indian Ocean. The Ultimate hotels collection includes Constance Le Prince Maurice- Mauritius, Constance Lemuria- Seychelles and Constance Halaveli- Maldives whilst the company’s Unique resorts collection includes Constance Belle Mare Plage- Mauritius, Constance Ephelia- Seychelles, Constance Moofushi- Maldives and Constance Tsarabanjina- Madagascar. Constance Hotels Services Limited is listed on the Stock Exchange of Mauritius.last_img read more

Phoenix Beverages Limited (PBL.mu) HY2019 Interim Report

first_imgPhoenix Beverages Limited (PBL.mu) listed on the Stock Exchange of Mauritius under the Beverages sector has released it’s 2019 interim results for the half year.For more information about Phoenix Beverages Limited (PBL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Phoenix Beverages Limited (PBL.mu) company page on AfricanFinancials.Document: Phoenix Beverages Limited (PBL.mu)  2019 interim results for the half year.Company ProfilePhoenix Beverages Limited is a Mauritian company that produces bottles and distributes alcoholic and non- alcoholic brews. Under the company’s production line, there are numerous renowned brands represented. With brands such as Guinness Foreign Extra Stout, Malta Guinness and Smirnoff Ice, Coca-Cola, Fanta, Sprite, Schweppes, Dasani and Crystal table water, being produced and sold by the company under the respective contract agreements. The company is headquartered in Phoenix, Mauritius Phoenix and operates as a subsidiary of Phoenix Investment Company Limited. Phoenix Beverages Limited is listed on the Stock Exchange of Mauritius.last_img read more

Is the IAG share price a bargain?

first_img 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. Enter Your Email Address 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. Image source: Getty Images 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. Is the IAG share price a bargain? 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.center_img See all posts by Rupert Hargreaves The coronavirus crisis has shattered investor confidence, and many FTSE 100 stocks have plunged as a result. The IAG (LSE: IAG) share price has been hit harder than most.Shares in the airline group have slumped by around two-thirds since the beginning of the year. Following this decline, the IAG share price is now trading at one of its lowest levels in history, which makes the stock look cheap.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…But with the group facing a prolonged period of disruption, there could be further pain ahead for the business.Is the IAG share price a bargain?Owner of the British Airways, Iberia and Aer Lingus brands, IAG is one of the world’s largest airline groups.Before the coronavirus crisis, City analysts were expecting the business to earn nearly €3bn in profits this year, enough to support a €0.23 per share dividend and group growth plans.However, the company has now had to put these plans on ice. Last week, the organisation announced job cuts equivalent to 30% of its workforce after grounding 90% of its fleet in May and April, as well as cancelling it its final dividend.These actions should help the business weather the storm. It also has plenty of capital available to keep the lights on for the foreseeable future. At the end of the first quarter, IAG had total cash and financing facilities of €9.5bn.A long period of disruptionThe company is hunkering down for an extended period of disruption. Management believes passenger demand will not to return to 2019 levels for several years, which could weigh on the IAG share price.Other aircraft executives have the same opinion. And even when passenger demand does begin to grow again, analysts are expecting a wave of discounts. This will likely result in depressed profit margins for the industry for many years.Therefore, it’s unlikely IAG will return to 2019 levels of profitability for the next two or three years. With this being the case, investors should prepare for a long period of disruption and volatility in the IAG share price.Uncertainty prevailsAt this point, IAG appears to have plenty of funding available to keep the airline group ticking over until some normality returns.That suggests the business is unlikely to collapse. But it’s difficult to place a value on the IAG share price with losses set to continue. If the coronavirus crisis lasts for more than a year, the firm’s financial position could start to look shaky.From one perspective, however, the IAG share price does look cheap. It’s dealing at a price-to-book (P/B) value of 0.7. This implies the IAG share price offers a wide margin of safety at current levels.So, for bargain-seeking investors with a long-term outlook, now could be an excellent time to buy a share in this leading aviation business. However, it could be years before the IAG share price returns to its all-time high of 707p. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves | Friday, 8th May, 2020 | More on: IAG Simply click below to discover how you can take advantage of this.last_img read more

This FTSE 250 stock has recovered strongly. Would I keep on buying?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” 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. Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. Dunelm (LSE: DNLM) has made a strong recovery since its recent lows. The FTSE 250 stock has seen its share price rise 85% since the middle of March and is now up 5% on the year. This recovery has been driven by strong demand for housewares, such as baking trays, garden furniture, and wallpaper. But at its current high price of around 1,240p, should investors carry on buying or is it now too expensive?Recent trading updateFourth-quarter figures for the retailer were slightly better than expected, with just a 28.6% fall in sales from last year. Although this may sound a lot, in the circumstances it is actually very impressive. Firstly, all 173 of its stores were closed from March 24 until June 22. This meant store sales were down around 50% and were only offset by an online sales increase of 85%.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…The trajectory of sales is also very reassuring. Sales were down 78% in April, down 48% in May, but they were actually up 20% in June. This evidently shows a strong recovery for the retailer. In many ways, this is not surprising. As lockdown has restricted people’s ability to go out or go on holiday, so much of this money has been spent on home improvements instead. I reckon this trend will continue and the FTSE 250 stock could be a main beneficiary.Shift to onlineThe retailer has used the lockdown to improve its digital presence. This means that around 30% of Dunelm’s revenues are currently coming from online sales. To improve its efficiency, some of its suppliers are also sending products directly to customers, thus bypassing Dunelm warehouses. This increased digital presence is certainly the way forward, and I believe that this increases the potential growth for the FTSE 250 stock. But the digital shift has not been without problems. The company has admitted reductions in stock availability and service levels. Although this is understandable in the current climate, an improvement will have to be made soon to ensure customer loyalty. This is especially true because Amazon is one of Dunelm’s main competitors in this department. Investment in technology has also cost the retailer around £8m. This adds on to the costs of new safety measures, thought to be costing around £150,000 per week. Would I buy this FTSE 250 stock?Dunelm stock certainly has many positives. I’m particularly encouraged by its recent trading update, and positive moves to increase its online presence. But the shares are still not cheap. They currently trade at a price-to-earnings ratio of 27. As a result, there are already high expectations for the FTSE 250 stock, and any slip-up will be punished accordingly.The interim dividend was also cancelled recently, and there are no signs of its imminent return. For a stock at such a high valuation, I’d prefer a reliable and high-yielding dividend to accompany it. As a result, I’m not buying Dunelm stock at the moment and would at least wait for a dip in its share price. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Stuart Blair has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. 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 Stuart Blair | Monday, 20th July, 2020 | More on: DNLM Our 6 ‘Best Buys Now’ Shares See all posts by Stuart Blair This FTSE 250 stock has recovered strongly. Would I keep on buying? Image source: Getty Images. 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

House VVK / UR architects

first_imgArchDaily Architects: UR architects Area Area of this architecture project Belgium 2010 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/567207/house-vvk-ur-architects Clipboard House VVK / UR architectsSave this projectSaveHouse VVK / UR architects Save this picture!© Luc Roymans+ 31 Share Year:  Year:  CopyHouses, Extension•Bruges, Belgium Houses “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/567207/house-vvk-ur-architects Clipboard Projects Area:  302 m² Area:  302 m² Year Completion year of this architecture project 2010 House VVK / UR architects Photographs “COPY” photographs:  Luc RoymansPhotographs:  Luc Roymans, Courtesy of UR architectsSave this picture!Courtesy of UR architectsRecommended ProductsWindowsJansenWindows – Janisol PrimoDoorsStudcoAccess Panels – AccessDorWoodEGGERLaminatesWindowspanoramah!®ah!38 – FlexibilityText description provided by the architects. The existing house has been rebuilt several times. This resulted in some spaces, like the attic, hardly ever used and with construction problems. We decided to restore the house into the state of its original modernist design (architect Arthur Degeyter) and to extend it with an extra volume instead of the existing garages. The necessary changes bring more light inside without cutting any trees.Save this picture!Ground Floor Plan (New)In the existing house different aspects are reorganized without much constructive surgery. The corridor is extended to the new kitchen. It also connects to the west façade and the entrance. The bedroom and storage in the south façade are merged and originate a shift of functions: the kitchen becomes storage, the dining room becomes kitchen, the living room becomes dining.Save this picture!© Luc RoymansAn additional volume with the new living room gives the house a new face. The carport and storage are half buried, the living room and work area are located half a level higher than the original spaces. A slope connects the extension with the garden and overlooks it to the west and back to the existing house. The working corner overlooks the front garden to the north-east.Save this picture!© Luc RoymansGarden and house now complement each other. The new volume and its materialization finds itself in between. The closed facades are cladded with dark half-round wooden profiles and alternate with openings from floor to ceiling. The garden folds around it.Save this picture!© Luc RoymansProject gallerySee allShow lessTetris House / Studio MK27 – Marcio Kogan + Carolina CastroviejoSelected ProjectsVideo: Leibar&Seigneurin on their “Sculptural” Social Housing Project in AngletVideos Share CopyAbout this officeUR architectsOfficeFollowProductSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentExtensionBrugesHousesRefurbishmentBelgiumPublished on November 17, 2014Cite: “House VVK / UR architects” 17 Nov 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogFaucetshansgroheKitchen Mixers – Aquno Select M81Vinyl Walls3MVinyl Finishes in HealthPartners Regions HospitalPartitionsSkyfoldWhere to Increase Flexibility in SchoolsCoffee tablesBoConceptMadrid Coffee Table AD19SkylightsLAMILUXFlat Roof Exit Comfort DuoMetallicsTrimoMetal Panels for Roofs – Trimoterm SNVSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeStonesNeolithSintered Stone – Iron Moss – Iron CollectionCeramicsTerrealTerracotta Facade in Manchester HospitalWoodBlumer LehmannConsulting and Engineering in Wood ProjectsGlassBendheimLuminous Mirrored GlassWire MeshTwentinoxMetal Mesh – Golf Romeo 7More products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Cancer Research UK tops charity parliamentary monitor

first_imgCancer Research UK tops charity parliamentary monitor 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. Tagged with: Research / statistics AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Maxine Taylor, Executive Director of Policy and Communication at Cancer Research UK, said: “Cancer Research UK has always scored very highly in this survey, but we are particularly delighted by these results, which are our best yet.“The House of Lords plays an important role in scrutinising and amending legislation that affects cancer patients, health professionals and scientists. Engaging peers with the charity’s aims is important for our influence in Parliament. It is encouraging for us to know that Cancer Research UK has done so well in this research.”center_img Howard Lake | 11 August 2005 | News  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Cancer Research UK has been voted the most impressive charity in a recent survey of the House of Lords.The third annual nfpSynergy Parliamentary Monitor, which surveyed 100 peers, ranked Cancer Research UK first in terms of charities that have directly impressed peers over the past six months. The charity was in joint first position on overall effectiveness. When asked to recall recent charity campaigns, media coverage or advertising, Cancer Research UK came second only to Make Poverty History. Reduce the Risk, the charity’s major new cancer prevention campaign, was independently ranked fifth, with almost three quarters of those surveyed saying they were aware of it. Advertisementlast_img read more

Remember and support Ramsey Orta!

first_imgRamsey OrtaNew York — Courageous Ramsey Orta must not be forgotten!As witness to a grave injustice being committed on Staten Island on July 17, 2014, this fearless young man, using his cellphone, recorded the infamous and deadly chokehold assault on Eric Garner. That unwarranted action by police officer Daniel Pantaleo resulted in Garner’s demise, even as he was desperately proclaiming, “I can’t breathe.”Fellow officers stood by, offering no assistance to the obviously stricken neighborhood resident, who had been wrestled to the ground from behind.Garner had been stopped by members of the New York Police Department on the pretext that he was selling individual cigarettes on the down low. After Garner verbally denied the charges raised against him, Pantaleo subdued him with the fatal chokehold from behind.Ramsey Orta’s crime? He had the heroic temerity to record these actions in the face of police objections and share it with the public, making him a target of the police. His recording went viral and helped to spark widespread indignation. It also contributed to the Black Lives Matter campaign to expose once again the outrages of police brutality in communities of color.Write him a letterHaving stood up for a member of his community, Brother Ramsey Orta needs to know that he has not been forgotten and is appreciated for this noble deed. A campaign is underway to encourage sending letters of support to Brother Orta.Letters should be addressed to:Ramsey Orta, 16A4200, AltonaCorrectional Facility, P.O. Box 3000, Altona, NY 12910-2090.It’s very important that the sender put their full name and return address on both the letter and the envelope in order for it to be delivered. The number 16A4200 is also critical, in case Orta is moved to another prison, in which case mail is supposed to be forwarded to him.The only information on the outside of the envelope should be the sender’s full name and address, Orta’s address, including his number, and postage. Only the letter can go inside the envelope, which should contain no cash, checks or other gifts.Keep in mind that the letter will be opened and read by prison authorities.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Journalist freed after two months in captivity in Tribal Areas

first_img News Pakistani journalist critical of the military wounded by gunfire April 21, 2021 Find out more PakistanAsia – Pacific RSF_en Receive email alerts News News Organisation Pakistani supreme court acquits main suspect in Daniel Pearl murder October 14, 2011 – Updated on January 20, 2016 Journalist freed after two months in captivity in Tribal Areascenter_img Follow the news on Pakistan January 28, 2021 Find out more June 2, 2021 Find out more Reporters Without Borders hails journalist Rehmatullah Darpakhel’s release after two months as a hostage in North Waziristan, one of the Federally Administered Tribal Areas. Darpakhel, who works for the Urdu-language daily Ausaf and Aaj TV in the North Waziristan capital of Miranshah, was released safe and sound by his captors on 12 October.“We salute the courage shown by Darpakhel, who has survived a traumatic ordeal, and we are relieved by the outcome,” Reporters Without Borders said. “We urge the federal authorities not to close this case. They have a duty to find his abductors and bring them to justice. The impunity prevailing in Pakistan encourages self-censorship and threatens the entire journalistic community.”Darpakhel, 45, was kidnapped shortly after leaving the Miranshah Press Club on 11 August. According to Nor Behram, a Miranshah resident who was with him at the time, he was walking though the town’s market when gunmen in two cars with tinted windows fired in the air and forced him to get into one of the cars.The climate for journalists in Pakistan continues to be extremely dangerous. Faisal Qureshi, a reporter for The London Post online newspaper, was murdered in Lahore, the capital of Punjab province, on 7 October shortly after receiving death threats.Pakistan has been the world’s deadliest country for the media in 2011, with at least eight journalists killed in connection with their work since the start of the year. News to go further Pakistani TV anchor censored after denouncing violence against journalists PakistanAsia – Pacific Help by sharing this information last_img read more

Analysing Fb-Jio Deal : A Surveillance Capitalism Threat

first_imgColumnsAnalysing Fb-Jio Deal : A Surveillance Capitalism Threat Ranjeet soni & Rohit Shrivastava8 May 2020 8:30 AMShare This – xReliance Jio bagged India’s largest FDI deal in the tech industry with the nearly 10% stake sell to Facebook. Facebook and Reliance are considered as ‘Data elephants’ in the industry because of their dominance and control over the relevant market. Experts fear that this collaboration could lead to distortion of the market and unfair advantage. In a Data-driven country like India,…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?LoginReliance Jio bagged India’s largest FDI deal in the tech industry with the nearly 10% stake sell to Facebook. Facebook and Reliance are considered as ‘Data elephants’ in the industry because of their dominance and control over the relevant market. Experts fear that this collaboration could lead to distortion of the market and unfair advantage. In a Data-driven country like India, the dominance of the Fb and expansive network of Jio will have the colossal potential of restriction of data and creation of entry barriers for those who do not have access to this relevant data. After the announcement of new kirana-model by reliance, experts believe that due to the prevalence of edge that exists in the sphere of Big-data, this new venture has the potential of kicking out many big players like Amazon-Walmart from the business. The Confederation of All India Traders (CAIT) pleaded to CCI that, the new venture should not be allowed to use the user data from their allied organizations like Whatsapp. Examining the allegations on Facebook for harvesting the user’s data by Cambridge Analytica has increased trepidation among the users that this data and information might be manipulated over its platforms. In this article the authors have highlighted the possible consequences of misuse of Big Data by companies like Facebook and possible solutions to redress the misuse. WHY IS IT WORRISOME? Digital colonization In the context of the World Wide Web, it means that all the user-generated data is appropriated for one’s use. In the age of “Digital India” it is very important to protect the citizen’s data from multinational misappropriation. These data giants possess and have access to an enormous amount of data which may lead to digital colonization. This deal brings platforms like Whatsapp closer to Jio apps which will fuel the growth of Reliance in the e-commerce domain. Blow to Net Neutrality- Net Neutrality is one of the fundamentals of the internet. The concept supports the level playing field for all players. This deal will not only distort e-commerce but also will affect the DTH and OTT platforms due to the monopolizing of data. Eventually, it will give a serious blow to the concept of Net Neutrality. Payment bank concerns- The new payment feature of Whatsapp was rolled in India. The implication of this major deal will cause a deep disruption in the digital payments segment. The existing major players PayTM, PhonePe will be facing funds crunch. There’s a high probability the newly established e-commerce chain by Reliance for small Kirana shops will have an exclusive Whatsapp-Pay option. LACK OF LEGAL FRAMEWORK The enterprise with obtained datasets holds the opportunity to improve existing products and create new products that can enter into another relevant market. As no market exists for supply and demand of data, it becomes very difficult for competition authorities to address such issues. However, by covering a prospective market for data as an asset in a well-equipped law, it will be possible for the authorities to deal with competition concerns on the concentration of data in merger cases. It would be a breakthrough in considering datasets as a super asset for the online market. European Union understood the quandary presented by the US companies in the form of “Surveillance Capitalism” therefore to regulate and control the data miners EU’s General Data Privacy Regulations (GDPR) were enacted. India too tried to enact the Data Protection Bill 2018, which deals with the data logging and user data storage by companies. Justice Srikrishna committee also suggested mandatory localization of personal data and requirement for keeping a copy of data which data fiduciary collects on a server located in India. But India still awaits the said legislation. ISSUES FACED BY REGULATORY BODIES Competition Commission of India (CCI) is responsible to scrutinize investments and Merger & Acquisitions which are likely to harm competition within the relevant market.[i] It also analyses the share of the market of entities involved in the transaction. If it sees any possible chance of cartelization or receives any complaints regarding the concentration of market power, then it is authorized to take sou-moto action. In the issues about Data-related disputes it is very difficult to identify under distinctions made in current law which are horizontal, vertical, and conglomerate mergers. In the cases where a merger does not lead to any of those three kinds of mergers, a combination of relevant datasets may still distort competition. CCI is yet to study the effects of big data and its effects on competition, In Taj Pharmaceuticals Ltd. and others v. Facebook and others where the dominant position of Google and Whatsapp was asserted by informant under Section 19.[ii] The watchdog refused by ruling that the essential elements of section 4 under which it have to be proved that the imposition of discriminatory terms in the purchase/sale of goods/services is lacking. It is also worth noting that the Competition Act is not equipped to tackle harms related to privacy rights which stem due to the concentration of user’s information with a monopoly creating asymmetries. These power asymmetries and lack of real consumer choice are driven by network effects that characterize digital markets. Also lack of any regulations relating to OTT (over-the-top) therefore, there’s a need to analyze this deal from a larger angle. Several Telecos have been raising concerns to Telecom Regulatory Authority Of India (TRAI) over the posing threat from the OTT players especially Whatsapp, signing the deal with Reliance Jio will cause several big players out of the business. Therefore, it is very important for the government to carefully look into the Data-sharing agreement between the two and make sure that it should be transparent to both consumers and the government. POSSIBLE SOLUTIONS FOR THIS PREDICAMENT Over the last few years there have been a large number of data breaches by various data companies. It is imperative to note that the competition commission is not a data protection authority. Its role is to enforce freedom in the market and ensuring consumer welfare. There is no express in the Competition act for safeguarding the private rights. However, the watchdog in the case of Matrimony.com Ltd vs. Google[iii] has taken an effort to counter the aspect of Big Data by pointing out that whenever a user gives command in the search box using a particular keyword, the search engine seeks certain information from the users like their location, IP address, Operating System, device information. Such type of humongous volume of information generated after every search is what constitutes the “Big Data”, which can be used to gain undue advantage by acquiring advertisers and targeting relevant ads. Therefore it can be said that the commission is not completely oblivious to the private rights of users. The CCI can function on the lines of Bundeskartellamt (German Competition Authority) who merged the competition law with the German civil law rules to deal with the abuse of “Big Data”. Due to this linkage with the German civil laws the, Competition authority was able to bring Facebook under its scanner. The Facebook was held liable for collecting data from “third party sources” for example, Instagram, WhatsApp. Under clause 25 of the Data Protection Bill, 2018 it is the duty of the company who is holding data as a fiduciary, to report if any data has been compromised of its customers. After codification of this act it would be much easier to tackle the abuse of “Big Data”. But until then CCI can have recourse to the Information and Technology Act, 2000. Under Section 43A of the act if a Body Corporate who is handling sensitive data of personal nature in a negligent manner will be held liable to pay damages to that individual. The CCI can bring an amendment to the act by linking Section 43A in order to protect the consumers against unlawful processing of personal data on the lines of German Competition Authority. Especially after the sale of stake to Facebook by Reliance Jio, the coverage of processed data will rise at rampant rate for Facebook. Thereby, it is now appropriate time for the CCI to bring in a suitable measure for safeguarding the interests of its consumers. In today’s world the data is priceless. As we are more dependent on technology and every time we use an app these companies gather more and more data about us. As the stakes of data will rise we will witness more deals between big data wealthy companies. It is high time for the legislators to give Indian citizens a real and effective law to protect their data privacy and guard them against the exploitation by the companies who have the potential to influence their shopping as well as political decisions. As we don’t have a data protection regulator, there is nothing aside from the good conscience of Facebook and Reliance that will obstruct them from misusing our data. Although they can be held answerable to courts, still much can fall through the cracks. Views Are Personal Only. [i] Competition Act § 6 (2002). [ii] Taj Pharmaceuticals Ltd. and others v. Facebook and others, (case No. 83 of 2015). [iii]Matrimony.com Ltd vs. Google, Case Nos. 07 and 30 of 2012. Next Storylast_img read more

Kerala Church Dispute: Supreme Court Dismisses Writ Petition Filed Against High Court Direction Handing Over Mulanthuruthy Church to Orthodox Group [Read Order]

first_imgTop StoriesKerala Church Dispute: Supreme Court Dismisses Writ Petition Filed Against High Court Direction Handing Over Mulanthuruthy Church to Orthodox Group [Read Order] LIVELAW NEWS NETWORK28 Oct 2020 8:12 PMShare This – xThe SC termed the writ petition ‘misconceived’.In the latest development in the feud between Jacobite and Malankara Orthodox factions in Kerala, the Supreme Court on Wednesday dismissed a writ petition which was filed against the order of the High Court of Kerala directing the handing over of Mulanthuruthy Marthoman Church to Orthodox faction.The petition was filed by Santhosh Mathai and Roy Thomas, two persons belonging to the…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?LoginIn the latest development in the feud between Jacobite and Malankara Orthodox factions in Kerala, the Supreme Court on Wednesday dismissed a writ petition which was filed against the order of the High Court of Kerala directing the handing over of Mulanthuruthy Marthoman Church to Orthodox faction.The petition was filed by Santhosh Mathai and Roy Thomas, two persons belonging to the Jacobite group, contending that the directions issued by the High Court on May 18 to the Ernakulam District Collector to hand over the keys of the Church to the Orthodox faction infringed the fundamental right to religion and conscience under Article 25 of the Constitution.A bench headed by Justice Ashok Bhushan asked the petitioner’s lawyer, Advocate Mathews Nedumpara, how a writ petition under Article 32 of the Constitution of India was maintainable against a judicial order.The bench termed the writ petition “misconceived” and proceeded to dismiss it.The handing over of the 800-year old church to the Orthodox faction was directed in furtherance of the Supreme Court judgment delivered in July 2017 in the case K.S. Varghese & Ors. V. Saint Peter’s and Saint Paul’s Syrian Orthodox Church, which settled the century-long dispute between Jacobite and Malankara Orthodox factions.In the K S Varghese case, the Supreme Court had upheld the validity of the 1934 constitution of the Malankara Orthodox Syrian Church to govern the parishes under the Church. Although the court verdict came on dispute over the ownership of two churches, it impacted over 1000-odd churches.Following the SC verdict, several churches under dispute have already been handed over to the Orthodox group despite stiff resistance from the bishops and laymen from the Jacobite Church.Last year, a bench headed by Justice Arun Mishra had held that no court should pass any order to reopen the issues settled in the K S Varghese judgment. In June 2020, a bench headed by Justice Arun Mishra dismissed another petition which sought clarifications on the 2017 judgment.In August, the district administration had forcibly taken control of the Mulnathuruthy church in execution of the High Court directions in the face of strong protests from the Jacobite group. The administration was forced to act after the High Court stood stern on its directions and directed the filing of an action taken report.Click here to download the order Next Storylast_img read more