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Usha Martin is one of the largest manufacturers of wire ropes in the world and has the capacity to produce 300,050 tonnes of it per annum. The company has a global base of wire rope manufacturing, with facilities located in India, the UK, Dubai and Bangkok. Usha Martin is now in the process of strengthening their projects and services under the leadership of Rajeev Jhawar . The new adopted HR policy of the company identifies future leaders. The HR processes is focused on finding high-potential performers. UML nurture them internally through training and development, as part of a succession planning process, so that future leaders can be developed within the organisation. Rajeev Jhawar Usha Martin Limited has always placed great emphasis on overall development and safety of their employees in order to achieve the goals. The company is able to foster a culture founded on values of trust, mutual respect and conversation. Usha Martin has 2180 employees in total. The team under Rajeev Jhawa...

The $4.1 billion Godrej Group has initiated a formal exercise to divide the businesses between two groups-one led by the families of patriarch Adi Godrej and his brother Nadir, the other by their cousins Jamshyd Godrej and Smitha Godrej Crishna, said people with knowledge of the matter. Reorganising the consumer goods to real estate and engineering empire has been under discussion for months and has now gathered momentum with Pirojsha Godrej, Adi Godrej's son, representing that side of the family. Jamshyd is representing the other side, along with Purvez Kesri Gandhi, chief financial officer, Godrej & Boyce. External advisors close to the family-bankers Nimesh Kampani, Uday Kotak and legal experts Zia Mody of AZB & Partners and Cyril Shroff-are also being consulted. "The Godrej family has been working on a long-term strategic plan for the group for the last few years to ensure best value for its shareholders,"Godrej Industries Ltd (GIL) and Godrej & Boyce told...

A beluga whale stranded for several days in the Seine river in France was hauled out in the early hours of Wednesday in an attempt to save its life. It was the first stage of an ambitious rescue operation to return it to the sea. It will now be transferred to a saltwater basin in Normandy. It was lifted from the river by a net and crane in the early hours and placed on a barge under the immediate care of a dozen veterinarian The dangerously thin marine mammal has no digestive activity for unknown reasons, conservation group Sea Shepherd France tweeted, saying veterinary exams were done after the beluga was hauled out of water after hours of preparation. READ MORE : https://www.thenationalnews.com/world/europe/2022/08/10/stranded-beluga-whale-winched-out-of-frances-seine-river-in-rescue-attempt/

A series of explosions at a Russian air and naval base have left military analysts wondering what could have struck the site, which lies far outside the range of US missiles supplied to Ukraine, including the Himars multiple rocket launcher. In June, the US supplied Ukrainian forces with the advanced, precision-guided rocket system, which American officials have said is being used to hit Russian rear area bases and logistics hubs almost 70 kilometres behind the front line. But the Saki airbase, home to Russia’s Black Sea Attack Regiment, is 220km away from the nearest Ukrainian positions in Kherson, which is in the south of the country. READ MORE : https://www.thenationalnews.com/world/2022/08/10/russian-airbase-in-crimea-rocked-by-blasts/

Iran has released French-Iranian academic Fariba Adelkhah on furlough for five days, one day after Tehran and Washington wound up indirect talks in Vienna to revive a 2015 nuclear pact. “We hope it [the furlough] will be extended ,” her lawyer Hojjat Kermani told the Emtedad website on Tuesday, Ms Adelkhah, a resident of France, was arrested in 2019 on national security charges while on a visit to Iran and sentenced in 2020 to five years in prison. She was later moved to house arrest before being returned to jail in January. READ MORE : https://www.thenationalnews.com/mena/iran/2022/08/10/iran-releases-french-iranian-academic-fariba-adelkhah-on-furlough/

Tesla chief executive Elon Musk sold $6.9 billion of his shares in the electric car maker, his biggest sale on record, saying he needs cash in case he is forced to proceed with his aborted deal to buy Twitter. “In the [hopefully unlikely] event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” the world's richest person tweeted on Tuesday night, after the sales were disclosed in a series of regulatory filings. Asked by followers if he was done selling and whether he would buy Tesla stock again if the $44 billion deal did not close, Mr Musk, 51, said “yes”. The billionaire offloaded about 7.92 million shares on August 5, according to the new filings. READ MORE : https://www.thenationalnews.com/business/technology/2022/08/10/elon-musk-sells-tesla-shares-worth-nearly-7bn/

US congressman Scott Perry said his phone was seized by the FBI two days after a team of law enforcement officials raided former president Donald Trump's Mar-a-Lago residence in Florida. Mr Perry, a Republican ally of Mr Trump, has been investigated and has given evidence in the continuing probe into the January 6 storming of the US Capitol last year, during which five people died. Three agents seized his phone while he was travelling with his family, said an “outraged” Mr Perry. However, he did not reveal why the device was confiscated. READ MORE : https://www.thenationalnews.com/world/2022/08/10/fbi-seizes-trump-ally-scott-perrys-phone-two-days-after-mar-a-lago-raid/

More Ukrainians returned to their home nation than fled to European Union countries last month, border police have revealed as they said the refugee crisis had stabilised over the summer. About 1.16 million Ukrainians entered the EU in July, a similar total to June and much smaller than the estimated 4 million who arrived in the first month of the war. EU border agency Frontex said about 1.17 million Ukrainians went the other way, most of them returning to Ukraine from Poland, Slovakia, Romania or Hungary. Some people are thought to go back and forth across the border and are not necessarily returning to Ukraine for good, while others headed for safer areas in the west of the country after fighting was concentrated in the south and east. However, Frontex said the refugee crisis had the potential to worsen again. One uncertainty is the fate of the millions of people who are displaced within Ukraine and could flee their temporary home if fighting spreads. READ MORE : https://www.thenati...

Higher oil prices are providing fresh capital to the Middle East's sovereign wealth funds to increase allocations to alternatives, a new study showed. Given that much of the regional SWFs' funding relies on state-owned oil and gas industry revenue, the crude price rally is driving new opportunities for managers to help them diversify from a reliance on commodities, research company Preqin said in the report. The eight-largest Middle Eastern SWFs collectively have more than $3 trillion in combined total assets, according to Preqin data, which is aimed at helping international managers source new capital from investors in the region. "With oil prices at highs not seen since before 2014, the region’s economic outlook is improving, but the desire to move away from reliance on oil revenues provide opportunity for private capital models to see capital invested outside the region," said Alex Murray, vice president of research insights at Preqin. READ MORE : https://www.then...

Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, said its second-quarter net income jumped more than 19 per cent as revenue rose amid a continued fleet expansion programme. Net profit for the three-month period to the end of June rose to $204.85 million, Adnoc Drilling, a unit of Adnoc, said in a statement on Tuesday to the Abu Dhabi Securities Exchange, where its shares are traded. Revenue for the April-June quarter rose by 11 per cent to $669m, driven by its onshore and oilfield services businesses as the company continued supporting Abu Dhabi’s efforts to increase its production capacity. Net profit for the first six months of the year rose 34 per cent on an annual basis to $379m. Half-yearly revenue increased 13 per cent at the end of June to $1.27 billion. Read More : https://www.thenationalnews.com/business/energy/2022/08/09/adnoc-drilling-second-quarter-net-income-climbs-19-on-revenue-boost/

Egypt-based technology company OneOrder raised a $6.5 million working capital facility from Contact Factoring, a subsidiary of Contact Financial Holding. The company offers restaurants, cafes, and hotels a one-stop shop for food supplies with logistics services through its software. Founded in 2021, OneOrder will utilize the funds to create a digital environment that can support restaurant owners in procuring online, MAGNiTT reported. Read More : https://www.arabnews.com/node/2139126/business-economy

KHAJAN SINGH CRPF Khajan Singh Tokas , born on 6 May 1962, is an Indian swimmer, who remained national swimming champion of India, and won a silver medal at the 1986 Asian Games in Seoul. He was awarded an Arjuna Award by Government of India in 1984. Currently he serves as the Deputy Inspector General in the Central Reserve Police Force (CRPF) in India. Khajan Singh Tokas wants Indian swimmers to target medals at 2022 Asian games. The swimming great of the 1980s and Asian Games silver medallist – Khajan Singh Tokas, in an exclusive chat with Sportskeeda, Tokas said, “India should now target the 2022 Asian Games in Hangzhou, China. There are eight to 10 swimmers in India who are doing an excellent job. By providing them the best training facilities, I am 100% sure that the Indian swimmers can do much better in the Asian Games”. Khajan Singh Tokas , who participated in the 1988 Olympic Games in Seoul also said that “The Tokyo Olympics will be a...

The Apple iPhone 14 may be arriving a little sooner than expected, according to industry sources. Apple's next launch event, when the iPhone 14 will be unveiled , is set to take place in September, as it usually does each year. However, having initially been expected to take place on September 13, industry insider Max Weinbach said that the event will actually take place on September 6, with the phones to be available from September 13. Read More : https://www.thenationalnews.com/business/technology/2022/08/09/is-iphone-14-release-date-set-to-be-earlier-than-expected/

Shiites in Iraq and Lebanon chanted, paraded and beat their chests on Tuesday as they marked Ashoura, one of the most important dates on the religious calendar, commemorating the 7th century martyrdom of the Prophet Muhammad’s grandson Hussein. The symbols of Shiite piety and penitence blanketed major cities in Iraq, where Hussein was believed killed at the battle of Karbala, south of Baghdad, in 680 A.D. Every year, hundreds of thousands of people converge on Karbala, some 80 kilometers (50 miles) south of Baghdad, to observe the solemn holy day. Shiites see Hussein and his descendants as the rightful heirs to the prophet. His killing at the hands of a rival Muslim faction embodies the rift between the Sunni and Shiite sects of Islam and continues to shape the identity of the minority branch of Islam today. Read More : https://www.arabnews.com/node/2139041/middle-east

Liz Truss's tax-cutting plans have been condemned as an "electoral suicide note" for the Conservative Party by a senior backer of her rival, Rishi Sunak. UK Deputy Prime Minister Dominic Raab took aim at the foreign secretary's emergency budget plans in one of the most strongly worded interventions of the leadership race so far. With Ms Truss on the back foot over the cost-of-living crisis, Mr Sunak promised, if elected prime minister, to unveil more support for households once the size of autumn energy bills becomes clear. Read More : https://www.thenationalnews.com/world/uk-news/2022/08/09/sunak-ally-slams-truss-plans-as-electoral-suicide-note-in-brutal-tory-broadside/

Polls opened on Tuesday in Kenya’s unusual presidential election, where a longtime opposition leader who is backed by the outgoing president faces the deputy president who styles himself as the outsider. The election is considered to be a close race and East Africa’s economic centre could have a presidential run-off for the first time. Hundreds of voters lined up hours before polls opened in some locations. The top candidates are Raila Odinga, who has vied for the presidency for a quarter of a century, and Deputy President William Ruto, who has stressed his journey from a humble childhood to appeal to millions of struggling Kenyans long accustomed to political dynasties. “In moments like this is when the mighty and the powerful come to the realisation that it is the simple and the ordinary that eventually make the choice,” a smiling Mr Ruto told journalists after becoming one of the first voters. “I look forward to our victorious day.” READ MORE : https://www.thenationalnews.com/world...

Alphabet's Google services stopped working for thousands of users late on Monday, according to the tracking website Downdetector.com. The website tracked disruption in the US, as well as Japan, Canada and Australia. Many users took to social media to question the rare outage, which appeared to last a few hours. For some, the availability of Google's suite of programs, including Search, Maps and Gmail, was intermittent. Users attempting to use the search engine were met with a 502 or 500 error. READ MORE : https://www.thenationalnews.com/business/technology/2022/08/09/is-google-still-down-search-engine-stops-working-for-thousands-of-users/

Agthia, the food and beverage company based in Abu Dhabi, is bullish about growth in Saudi Arabia and aims to expand further in the Arab world’s largest economy. The company, which announced a greenfield investment of Dh90 million ($24.5m) to set up a new manufacturing unit in the kingdom earlier this year, is “looking for new opportunities” to further grow its business in the country, Alan Smith, chief executive of Agthia Group, told The National . “Saudi Arabia continues to be a market of interest. That’s why we are investing in our new facility … we will continue to look for opportunities there,” Mr Smith said. Read More : https://www.thenationalnews.com/business/economy/2022/08/09/uaes-agthia-bullish-on-saudi-arabia-with-further-expansion-planned-ceo-says/ 

King Abdullah University of Science and Technology signed a memorandum of understanding with the Saudi Electric Services Polytechnic on Monday to train local students to design and install solar panels. The pact focuses on photovoltaic energy design and installation, the Saudi Press Agency reported. After completing the two programs, trainees will have to pass SESP’s exams to become certified for the work. Dr. Kevin Cullen, KAUST vice president for innovation, said one of the university’s key innovation goals is to build technical capabilities and a skilled workforce in Saudi Arabia. READ MORE : https://www.arabnews.com/node/2138916/saudi-arabia

Several Afghan translators who worked with the British army during their deployment in Afghanistan and who were allegedly left behind during last year’s evacuation are reportedly suing the UK government. According to Sky News , the solicitor for at least six translators said the processing system they had been through was “appalling” after four of them were initially rejected, and then later approved to come to the UK after legal papers were lodged. One of the translators, who was not on an evacuation flight with his family last August, and who lodged a legal appeal following an ARAP (Afghan Relocations and Assistance Policy) scheme rejection, told the channel he felt “stranded” in Afghanistan. According to the report, he successfully applied for relocation in February and in May was told to await instructions regarding how to leave Afghanistan via a third country, but is still awaiting those instructions. “I’m really afraid and I’m in hiding,” he told Sky News. “I’m feeling so unhappy...

Real Madrid are determined not to be knocked off their perch at the summit of European football this season as they prepare to start their campaign against Eintracht Frankfurt in the UEFA Super Cup in Helsinki on Wednesday. Madrid coach Carlo Ancelotti, who is the only manager to win the Champions League four times, said his side’s 1-0 victory over Liverpool in last season’s final made him “feel like no one should ever take your place.”  “And that’s a pretty strong motivation to keep winning,” he said in an interview with UEFA.com. Ancelotti returned for a second spell in charge of Real ahead of last season and led them to their 35th Spanish title. However, it was in Europe where Real really impressed, pulling off comeback victories over Paris Saint-Germain, Chelsea and Manchester City before beating the heavily favored Reds in the final. Read More : https://www.arabnews.com/node/2138881/sport

Taiwan held an artillery drill Tuesday simulating a defense against an attack as its top diplomat accused Beijing of preparing to invade the island after days of massive Chinese war games. China launched its largest-ever air and sea exercises around Taiwan last week in a furious response to a visit by US House Speaker Nancy Pelosi, the highest-ranking American official to visit the self-ruled island in decades. Taiwan lives under the constant threat of invasion by China, which views its neighbor as part of Chinese territory to be seized one day, by force if necessary. “China has used the drills and its military playbook to prepare for the invasion of Taiwan,” Joseph Wu told a press conference in Taipei on Tuesday, accusing Beijing of using Pelosi’s visit as a pretext for military action. Read More : https://www.arabnews.com/node/2138866/world

Sanamacha Chanu  (born 2 October 1978) is an Indian weightlifter who competed in the women's 53 kg weight class at the 2004 Summer Olympics. The 43 year old Chanu, is one of the most successful woman weightlifters in the country. She is an Arjuna awardee of the year 2000. She is from Imphal in Manipur state. Sanamacha Chanu shares her experiences and the path through which she had to travel to reach the success in her life. Her career in sports started at a very young age. The start of the weightlifting career in her life was in 1992, when she was 14 years old. Her teacher was the one who sow the seed of sports in her life. She played the most important role in taking her weightlifting career to greater heights. She was the one who encouraged Sanamacha Chanu by sharing with her the stories of leading female sportspersons in the country. Sanamacha Chanu  was immediately drawn to activities in sports and made up her mind to be a great sportsperson a...

Annual UK energy bills have been forecast to hit £3,729 ($4,535) from next April, with volatility in the global gas and electricity market triggered by Russia's invasion of Ukraine pushing prices to record highs. British energy regulator Ofgem has confirmed that the energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a “very challenging winter ahead”. Higher prices are expected to go into two-phase set of increases this winter in October and then in January as the cap is adjusted every three months. It said the change would go “some way to provide the stability needed in the energy market” and that it “isn't anyone’s interests for more suppliers to fail and exit the market.” With the UK battling a mounting cost of living crisis, changes to the price cap come as household energy bills are likely to remain at more than two-and-a-half times their pre-crisis levels until at least 2024, according to the latest predictions. Ofgem...

Top officials from the anti-money laundering task forces of the UAE and Egypt met as the two countries seek to strengthen co-operation in the fight against illicit financial activity. The two sides reviewed the “most prominent regional developments and co-ordination between them” in the sector, UAE state news agency Wam reported on Thursday. The UAE has continued its efforts to “inform international and regional partners on the latest developments in its national action plan and notable projects and initiatives” that it is working on, said Hamid Al Zaabi, director general of the UAE's Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT). The measures are designed to ensure a “sustainable framework to combat money laundering and counter terrorism financing”, he said. Read More : https://www.thenationalnews.com/business/2022/08/04/uae-and-egypt-to-co-operate-in-fight-against-money-laundering-and-terrorism-financing/

The UAE believes a successful conclusion to negotiations over a hydroelectric dam Ethiopia is building on the Nile is “within reach”, according to a statement posted on the website of the Permanent Mission of the UAE to the UN. The project – known as the Grand Ethiopian Renaissance Dam – has led to a stand-off between Egypt, Ethiopia and Sudan. The UAE said this should be tackled in the spirit of “African solutions to African challenges”. Egypt and Sudan have complained that Ethiopia has acted unilaterally and started to fill the reservoir behind the dam on the Blue Nile. Egypt has expressed concerns that a quick filling of the reservoir will reduce its share of Nile waters, which the country depends on for its water supply. Read More : https://www.thenationalnews.com/mena/2022/08/04/uae-believes-a-successful-conclusion-to-nile-dam-stand-off-is-within-reach/

Shiv Sena MP Sanjay Raut waved his saffron scarf as he was being taken away by ED officials on his detention on Sunday in connection with the Patra Chawl land scam case. Surrounded by party workers, Raut was detained after a team of the Enforcement Directorate raided his Mumbai residence. The Sena leader was later arrested in the case on Sunday. Raut was issued two summonses, the latest being on July 27 following which the ED took action. He had been summoned for questioning in the money laundering case linked to alleged irregularities in the redevelopment of Patra chawl and related transactions involving his wife and “associates”. While Raut had appeared before the central agency to record his statement on July 1, he twice skipped the summonses that followed saying he was busy with the parliament session. Here is all you need to know about the Patra Chawl land scam case: Patra Chawl or Siddharth Nagar is located in the northern Mumbai suburb of Goregaon. Guru Ashish Construction Pvt L...

A team of scientists at a laboratory in Abu Dhabi are working tirelessly behind the scenes, testing hundreds of thousands of samples from the Emirate. From groundwater to fresh produce and sanitary towels to hand sanitisers, the team at the Abu Dhabi Quality and Conformity Council's (QCC) central laboratory are doing their bit to keep UAE residents safe. Even food and drinks offered at events such as the Formula One Grand Prix and music concerts are tested on site to make sure they are safe for consumption. “It is ultimately a collaborative effort,” Manal Al Hashemi, laboratory director, told The National . READ MORE : https://www.thenationalnews.com/uae/science/2022/08/01/inside-the-abu-dhabi-laboratory-that-tests-for-toxic-food-and-products/A

Bitcoin, the leading cryptocurrency internationally, traded higher on Wednesday, rising by 0.01 percent to $22,847, as of 7:56 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,615 rising by 2.61 percent, according to data from Coindesk. Robinhood to slash 23 percent of its workforce after revenue drop As it announced its earnings a day early, Robinhood Markets Inc. reduced 23 percent of its staff due to declining trading activity and a 44 percent drop in revenue, according to Reuters. The company was scheduled to report earnings on Aug. 3 but released them a day early after publishing a blog post about the reorganization and job cuts. In its latest filing with the US Securities and Exchange Commission, Menlo Park, California-based brokerage reported net revenue of $318 million, down from $565 million a year earlier. READ MORE : https://www.arabnews.com/node/2135181/business-economy

Rishi Sunak promised on Wednesday to reform what he called a failing anti-terrorism programme by ordering a greater focus on Islamist extremism, in his latest pitch to members in the Tory leadership race. Mr Sunak's campaign said the much-criticised Prevent programme was focusing too much on far-right extremists and others with muddled ideologies, rather than the Islamist extremists it said were “far and away” the greatest threat. If elected as Britain's next prime minister, Mr Sunak would reform Prevent so that “the profile of cases in the programme broadly reflects the terror threat posed to the UK,” his campaign said, without explaining how. Mr Sunak, who is battling Foreign Secretary Liz Truss for the top job, said he would expand the definition of extremism to cover those who “vilify the United Kingdom”, raising eyebrows among critics who suggested he was encroaching on freedom of speech. Allies of Mr Sunak insisted that only those with an “extreme hatred of our country”, ...

President Joe Biden on Wednesday will sign an executive order aimed in part at making it easier for women seeking abortions to travel between states to obtain access to the procedure. More specifically, one of the directives Biden will issue will allow states that have not outlawed abortion to apply for specific Medicaid waivers that would, in effect, help them treat women who have traveled from out of state. The order will also call on health care providers to comply with federal nondiscrimination laws and streamline the collection of key data and information on maternal health at the National Institutes of Health and the Centers for Disease Control and Prevention. The details were described by senior administration officials who spoke on the condition of anonymity to discuss the executive order ahead of a formal announcement. Biden, who continues to isolate in the White House residence after a rebound case of COVID-19, will sign the executive order as he helps launch a federal task f...

The final two candidates in the Conservative leadership race on Wednesday face an intense six weeks of campaigning to become the next British prime minister. The pair — Rishi Sunak and Liz Truss — saw off 10 other challengers with Penny Mordaunt the last to be knocked out when the race was whittled down to two in late July. They will travel around Britain undertaking two hustings a week, in which Tory members will question them forensically on their policies, plans, past actions and character. There will be further television debates, although they are unlikely to involve head to head discussions, after previous debates resulted in “blue-on-blue” skirmishes with the candidates criticising each other. The final duo will also conduct a series of interviews with local newspapers, radio stations and other outlets in an attempt to convince the Conservative Party's 160,000 members that they have the leadership qualities to become prime minister. READ MORE : https://www.thenationalnews.c...