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BOGOTA (Reuters) - Colombian leftist guerrilla group the National Liberation Army (ELN) is open to advancing peace talks with the incoming government of President-elect Gustavo Petro, it said on Monday, and called for reforms to tackle social exclusion and inequality. Leftist Petro and his vice president-elect, Francia Marquez, won 50.4% of the vote in Sunday's election. "The ELN remains active in its fight and political and military resistance, but also its disposition to advance in a peace process to further talks which started in Quito in February 2017," the ELN said in a statement. Petro, who takes office on Aug. 7, has pledged to fully implement the 2016 peace deal with the former Revolutionary Armed Forces of Colombia (FARC) guerrilla group and to seek talks with the still-active ELN rebels. The incoming president, a former member of the M-19 guerrilla group, has called for a rapid negotiation with the ELN, and has also suggested applying the 2016 peace deal with the … [Read more...] about Colombia ELN rebel group open to peace talks with next president Gustavo Petro

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The board of food delivery company Zomato on June 24 approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore in an all-stock deal. Also, Zomato ’s restaurant supplies subsidiary Hyperpure will acquire the warehousing and ancillary services business of Hands on Trade Private Limited for Rs 60.7 crore. While the Blinkit deal value was earlier estimated to be upwards of $700 million, the drop in Zomato’s stock price has reduced it to $568 million at current exchange rates. “Quick commerce has been our stated strategic priority since the last one year. We have seen this industry grow rapidly both in India and globally, as customers have found great value in quick delivery of groceries and other essentials,” said Zomato CEO Deepinder Goyal. “This business is also … [Read more...] about Zomato board approves deal to acquire Blinkit for Rs 4,447 crore

Nichol Pareja and Jonel Carcueva emerged victorious after Friday’s grueling men’s road race of the PhilCycling National Championships that finished in Tagaytay City. Pareja ditched the peloton in a lung-busting 400-meter climb in Agoncillo, before widening the gap at the ascending Sungay Road separating Tagaytay from Talisay City, Batangas, to rule the Elite class of the race. Carcueva, meanwhile, finished first among all the Under-23 riders. “When I saw the opportunity, I didn’t let it slip away,” said Pareja, riding for 7-Eleven Roadbike Philippines, after arriving at Tagaytay’s Praying Hands Monument—where the race also started—in three hours, 19 minutes and 54 seconds. Marcelo Felipe, Pareja’s teammate, wheeled in 14 seconds later for the silver. Philippine Navy-Standard Insurance’s Jhon Mark Camingao crossed the finish a split second behind a tad behind Felipe to complete the podium. Carcueva, riding for Scratch It!, finished fifth overall in the race to rule the Under … [Read more...] about Pareja, Carcueva road kings

BRAND STRENGTH Fashion and décor brand Narda’s has exported woven textiles and garments that blended art and utility. —EV ESPIRITU BAGUIO CITY—Imelda Cadaweng, a Baguio-based weaver who hails from Mountain Province, has matched a terra-cotta art piece rendered by Luisa Galang with a woven tapestry that is on display at the University of Baguio. Cadaweng belongs to a group of weavers trying their hands at producing woven art for a project called, “Art Weave,” which features handwoven tapestries that interpret nine paintings being exhibited at this year’s crafts show, “Mandeko Kito” (Ibaloy for ‘Let’s sell’). In a video documentation, Cadaweng admitted being a little apprehensive about producing a companion tapestry for Galang’s piece, which has snake-like terra cotta heads leaping off the canvas. With the help of fellow weaver Leticia Bacolong, Cadaweng’s “translation” was a brown woven textile embossed with cartoon-like brown heads attached to elongated necks. Intricate … [Read more...] about Cordillera weavers as visual artists

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Nazara Technologies We hosted Mr Manish Agarwal, CEO of Nazara Technologies for a NDR recently. Management indicated that Battle Grounds Mobile India (BGMI) Master Series IP which is to be telecast on … [Read more...] about Buy Nazara Technologies; target of Rs 1813: Prabhudas Lilladher

Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Coromandel International stands out among fertiliser companies in trying to secure raw materials for its main business of making crop nutrients. It has set up a joint venture plant in Tunisia to secure supplies of phosphoric acid. This year the company announced its decision to set up a new<https://www.coromandel.biz/press-release/coromandel-announces-new-sulphuric-acid-plant-at-visakhapatnam/> Rs 400 crore project to manufacture sulphuric acid. India is a large importer of both phosphoric and sulphuric acids, key ingredients for making fertiliser. On May 6, Coromandel acquired 45 percent... … [Read more...] about Coromandel’s Senegal acquisition to yield benefits in the long run

Telangana government said it has recorded an increase of 26.14 percent in export of information technology (IT) and information technology enabled services (ITeS) for FY2021-2022. The state has also increased employment in the sector by 23.78 percent. IT/ITeS exports increased from Rs 145,522 crore in FY21 to Rs 183,569 crore in FY22; and employment in the sector increased from 628,615 in FY21, to 778,121 for FY22, said Telangana IT and Industries minister KT Rama Rao. Rao informed that Goldman Sachs entered Hyderabad last year and it plans to grow to a headcount of 2,500 in three years. Further, OnePlus has also set up a hub for making smart TVs, and around 500 employees are engaged in the production, he informed. Genpact laid a foundation for its campus in Hyderabad, and will be adding 15,000 new jobs in the city's eastern corridor, Rao added. He also said that American multi-national company (MNC) Qualcomm has announced its largest campus outside USA in Hyderabad, which … [Read more...] about IT exports in Telangana for FY22 increases by 26.14% to Rs 183,569 crore

Share to Twitter Share to Linkedin The E-Class Estate enjoys a bit of a cult following among quite a few friends, including my sister. In its diesel format, and usually at least two decades old, Mercedes-Benz’s grand and grown-up motor car appears to win over its station wagon German rivals — the likes of Audi A6 Avant and BMW 5 Series Touring. These super fans all have young families and lead active lives, so abundant space is a key seller. They also want their cars to fuse function with a touch of old-school class and certainly not be showy. Which is one of the reasons I’m keen to try out the all-new Mercedes E-Class Estate. The other is that I’m drawn to the station wagon aesthetic — the elongated sedan that maintains the elegance, but adds extra function, as in rear and trunk space. The car sent to me is also diesel-powered, albeit a refined engine that passes the stringent new London emissions regulations which forced the above-mentioned friends and … [Read more...] about Testing The New Mercedes-Benz E-Class Estate