Tag: bids

  • Qatar’s Sheikh Jassim, Ratcliffe make final bids for Manchestor United

    Qatar’s Sheikh Jassim, Ratcliffe make final bids for Manchestor United

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    Doha: In a bidding war, Qatari banker Sheikh Jassim bin Hamad Al-Thani, son of Qatar’s former prime minister and British billionaire Jim Ratcliffe made their third and final bid to buy Manchester United Football Club on Friday.

    The deadline for submitting bids ended at 10 pm GMT on Friday for the Glazer family which owns the club. Both parties are keen to complete the takeover deal that was floated last year.

    As per a report by Reuters, Sheikh Jassim has a world-record bid of 6.2 billion dollars to take over Manchester United (MU). He has promised significant additional funding for transfers and infrastructure.

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    Ratcliffe’s improved bid is yet to be made public. He is willing to take a 50% stake in MU. But Jassim’s attempt is to own the football club completely.

    Glazers announced in November the board had “authorised a thorough evaluation of strategic alternatives”, including selling the club.

    Investment bank the Raine Group was brought in to oversee the process after it handled the sale of Premier League rivals Chelsea.

    After a deadline for expressions of interest in February and a second deadline last month marked a third deadline for bids.

    According to AFP, the Glazers reportedly want a world record 6 billion British pound fee for the sporting club before they agree to sell the Old Trafford outfit, raising the possibility that neither Sheikh Jassim nor Ratcliffe’s offer will be accepted.

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    ( With inputs from www.siasat.com )

  • 29 firms file bids for Vizag Steel Plant, Telangana stays away

    29 firms file bids for Vizag Steel Plant, Telangana stays away

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    Visakhapatnam: As many as 29 companies, including seven international players, have submitted bids for supply of raw materials and providing working capital to Visakhapatnam Steel Plant

    The deadline for filing of Expression of Interest (EoI) invited by the Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), ended Thursday.

    The Telangana government, which had sent a team of Singareni Collieries Company Limited (SCCL) last week to VSP to study the feasibility of filing EoI, stayed away from the process.

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    Sources in the VSP said both Telangana and Andhra Pradesh governments showed no interest in filing bids for the EoI.

    Telangana Chief Minister K. Chandrasekhar Rao had sent a team of SCCL officials to the VSP to study the feasibility and the move had triggered curiosity in political circles.

    While employees of the VSP, who have been protesting against the Centre’s decision to privatise the public sector undertaking, had welcomed the move, Andhra Pradesh’s ruling party YSR Congress had criticised the Bharat Rashtra Samithi (BRS) government of adopting double standards on the issue.

    Andhra Pradesh Industry Minister Gudivada Amarnath had slammed BRS for opposing the privatisation of VSP and at the same time, planning to participate in the bidding.

    Parties opposing privatisation of the VSP had also demanded that the YSRCP government of Andhra Pradesh to participate in the bidding to save the PSU.

    As per the earlier schedule, the deadline for submitting bids for EoI was to end on April 15 but the RINL extended the last date by five days.

    The RINL had invited EoI for supply of raw materials and (or) funding of working capital against the supply of finished steel products

    Meanwhile, former CBI joint director V.V. Lakshmi Narayana, who has submitted a bid, asked the VSP management to clarify if they accept public donations to tide over the working capital crunch which led to the issuance of EoI.

    The retired IPS officer submitted a letter to Chairman and Managing Director of VSP, informing him that he wished to request people to donate funds required for the working capital of the RINL in the form of public donations credited directly to the RINL bank account. He mentioned in the letter that recently people have contributed in the form of donations for the construction of Ram temple in Ayodhya.

    “It was stated during discussions that to keep the plant running at full capacity of 7.3 MTPA an estimated amount of Rs 850 crore is required per month for a period of 4 months,” Lakshmi Narayana wrote.

    Addressing a press conference along with Lakshmi Narayana on Wednesday, Praja Shanti Party President and evangelist K. A. Paul had said that he was ready to purchase the steel plant at five times more than the quoted price.

    He said he was also fighting a legal battle against the privatisation of the VSP.

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    ( With inputs from www.siasat.com )

  • Andhra Pradesh High Court bids farewell to Justice Ganga Rao

    Andhra Pradesh High Court bids farewell to Justice Ganga Rao

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    Amaravati: The Andhra Pradesh High Court bid farewell to Justice (Retd) Ganga Rao on Tuesday, led by Chief Justice Prasanth Kumar Mishra.

    Recalling the services of Rao, the Chief Justice said he enrolled as a lawyer in 1988 after passing out of Osmania University with a law degree and worked as junior lawyer under B S A Swamy.

    After extending services as a government lawyer and standing counsel for the Central government, Rao joined the Andhra Pradesh High Court as a Judge on September 12, 2017, said Mishra in a statement.

    Wishing the outgoing judge a happy retired life, the Chief Justice noted the AP High Court will miss the services of Rao.

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    The Anantapur-born judge recalled that he went to school at Pattikonda village in the same district to follow it up with law course in the Osmania University in 1987.

    High Court Judges, public prosecutor Nagi Reddy, registrars, registrar general, senior lawyers, bar association, bar council members and others bid adieu to Rao.

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    ( With inputs from www.siasat.com )

  • FCS&CA Deptt. Achabal bids farewell to retiring Teshil Supplies Officer.

    FCS&CA Deptt. Achabal bids farewell to retiring Teshil Supplies Officer.

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    Achabal: The department of Food Civil Supplies and Consumer Affairs (FCS&CA), Achabal bid farewell to TSO, Abdul Rasheed Sheikh who attained superannuation yesterday.

    On retirement of TSO achabal FCS&CA officials appreciated the work and dedication of the officer towards their duty. Ab.Rasheed Sheikh according to him were very punctual in their duties, honest and officers of highest integrity. Their retirement is a loss to the department but at the same time inspiration for new recruits to follow their foot steps in the interest of society and nation.

    He said that the doors of the department shall remain always open for them for any kind of assistance or help.

    He wished the officers good health and happiness in the times to come.

    On this Occasion TSO Shangus Atta mohammad, CAPD District President Riyaz Ahmad,Senior Employees Mohd Altaf Dalal,Gh Nabi Sheikh and other staff were also present.

    Riyaz Ahmad penned a special and heart warming note for the outgoing Ab Rasheed Sheikh

    Atta Mohammad said that the officer is very helpful person who always extended a helping hand to all. He also said that retirement is part and parcel of every employee and now it is perfect moment for reflection and relaxation as well as spending more quality time with your loved ones for the officer.

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    ( With inputs from : roshankashmir.net )

  • Yediyurappa bids adieu to Karnataka Assembly with ‘farewell’ speech

    Yediyurappa bids adieu to Karnataka Assembly with ‘farewell’ speech

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    Bengaluru: In what probably is his “farewell speech” in the Karnataka Legislative Assembly of which he was a member for decades, state BJP strongman and former Chief Minister B S Yediyurappa on Wednesday said, till the last breath of his life he will honestly strive towards building the party and bring it to power.

    The 79-year old veteran leader, who has already announced his retirement from electoral politics, said there is no question of him sitting at home, and after the assembly session he will tour the state and campaign for the party and its candidates.

    Intervening during the discussion on state budget, the four times CM repeatedly urged the ruling party legislators to go before the people with confidence and seek votes and said it is certain that the BJP will come back to power with a clear majority
    “If god gives me strength in the next election too, which is five years after this election, I will make all efforts for the BJP to come to power. As you are already aware I have said that I will not be contesting polls, but the respect shown to me and positions given to me by Prime Minister Narendra Modi and the party cannot be forgotten during my lifetime,” he said.

    “Till the last breath of my life I will honestly strive for building BJP and to bring it to power, let there be no doubts about it….I want to tell all our (BJP) MLAs on this side (treasury benches) to work with confidence and prepare for election, many from that side (opposition) are ready to come with us, if you are confident, we can take them along and bring back BJP to power with a clear majority, ” he said.

    Noting that he was speaking for the last time in the Assembly, with the session set to conclude on Friday, Yediyurappa said, “this in a way is my farewell, as I cannot come to the assembly and speak after this.”

    Speaker Vishweshwar Hegde Kageri and Parliamentary Affairs Minister J C Madhuswamy however intervened and said, Yediyurappa will be making his last address in the House on Friday.

    Yediyurappa in July last year announced that he will not be contesting the assembly polls, and will be vacating his Shikaripura Assembly seat, from where his younger son and the party’s state Vice-President B Y Vijayendra will be contesting if the high command agrees.

    The veteran leader, who began his electoral politics as ‘Purasabha’ president in Shikaripura in Shivamogga district, was first elected to the Assembly from Shikaripura in 1983 and went on to win eight times from there.

    “I have heard certain speeches criticizing the BJP for doing injustice to Yediyurappa and neglecting me. The BJP and Prime Minister Narendra Modi have never neglected me, and considering the position and respect that they gave me, I’m indebted to Modi, and I can never forget the opportunities and positions given to me.”

    He said, as the party gave him the opportunity, he was able to become Chief Minister four times. “the opportunities that I have got, no one else has got ever.”

    “If someone is under the illusion that they can make Yediyurappa sit quietly, by saying certain things, there is no question of Yediyurappa sitting quietly. I want to tell the legislators on the ruling side that BJP coming to power once again with a clear majority is as much certain that there are sun and moon, and they (Congress) sitting on that side (opposition) is also certain, let there be no doubt about it, don’t think that I’m making a prophecy,” he added.

    Yediyurappa further said he will visit all the assembly constituencies after this assembly session, and in the next two months everyone will see how there will be a change in Karnataka and the wind will blow in favor of the BJP.

    “… only thing that you (ruling party MLAs) have to do is go back to your constituencies after the session, earn the trust of the people, and inform them about the programs and schemes announced in the budget for their benefit,” he added.

    Yediyurappa resigned as CM on July 26, 2021. Age was seen as a primary factor for his exit from the top job, with an unwritten rule in the BJP of keeping out those above 75 years from elected offices; also the high command wanted to make way for fresh leadership ahead of the Assembly polls.

    Targeting Leader of Opposition Siddaramaiah, Yediyurappa sought to know what he meant by stating that he will not contest from the Badami seat, which he had won in the last election.

    “Does it mean you (Siddaramaiah) have not done development work in the constituency, or are you lacking confidence about winning from there again? When you are lacking courage to contest from the constituency, despite having worked there for the last five years, how will people from the other constituency trust you and will give you an opportunity?” he asked.

    “I’m not saying this for the sake of criticism. My advice to Siddaramaiah even now is, if you want to give back to the constituency from where you had won and became the Leader of Opposition, you have to contest and win from there once again, only then it will have a meaning. If you contest from any other constituency, people there will feel that you had fled from the earlier segment and will not trust you,” he said, urging Siddaramaiah to rethink about it.

    Siddaramaiah, a former CM, who currently represents Badami segment in Bagalkote district, has said that he will contest from Kolar in the upcoming polls, if the Congress leadership agrees.

    Siddaramaiah was not in the House when Yediyurappa spoke.

    Intervening, Deputy Leader of Opposition U T Khader said the Congress Legislature Party leader enjoys the public trust and popularity and he can contest and win from any of the 224 assembly segments.

    Yediyurappa, during his speech, also advised Chief Minister Bommai to implement the seventh pay commission for the state government employees.

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    ( With inputs from www.siasat.com )