Tag: Company

Housing finance company aids expatriates’ in owning a house in Saudi

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Jeddah: An expatriate’s dream of owning a house in Saudi Arabia is easier as some housing finance companies are offering to provide loans.
BIDAYA Home Finance, one of Saudi Arabia’s leading non-bank providers of real estate financing products, has launched its latest innovative digital home financing product targeting residents in Saudi Arabia. The expatriates’ home financing is designed specifically to meet the demands of Saudi Arabia’s growing expatriates in the community. The unique digital financing solution offered by BIDAYA enables all eligible Saudi residents to own a home in three simple steps, said a statement released by Bidaya on Monday.
The company’s increasing line of fully digital home and real estate finance services now includes BIDAYA Home Finance for Residents. Under the direct supervision of the Saudi Central Bank, BIDAYA provides distinctive solutions, such as Ready Unit and Off-plan Unit Financing, Residential Land Financing, and Buy and Lease Back, which answer particular preferences and wants. The business has introduced its first corporate services, including financing for the purchase of residential and commercial land, financing for the development or completion of real estate projects, and financing for buy-and-leaseback transactions, the statement reads.
It said that due to the rich culture and abundant job prospects in Saudi Arabia, many of the Kingdom’s visitors already see the nation as their second home.
More and more talent from around the world is lured to the Kingdom of Saudi Arabia as the country intensifies its efforts to achieve the lofty Vision 2030 goals. The Minister of Investment, HE Khalid Al-Falih, asserts that expatriates are a crucial component of Saudi Arabia’s development story and that as the country’s economy becomes more sophisticated and varied, both the quantity and quality of expatriates would likely improve, the statement noted.
The entire product line is built on BIDAYA’s robust and cutting-edge digital platform, which speeds up the application and approval processes and has already made financing easier for thousands of KSA consumers of BIDAYA’s home financing products. In recognition of the company’s dedication to digital transformation, the Global Business Review Magazine named BIDAYA Home Finance “Saudi Arabia’s Best Islamic Digital Financing Company” for 2022, it said.
BIDAYA can be contacted on 8001181111 or www.bidaya.com.sa
Note that no expatriate can buy or lease property in the holy cities of Makkah and Madinah as it is restricted.

Expatriates can avail the service by accessing “My Services” (Khidmaty) on the Absher platform, then entering “Services” (Khidmat), then “General Services” (Al-Khidmatul Aamma), and from there to “Application for owning real estate for non-Saudis”.
The platform explained with the support of infographics that the service enables residents to apply for a permit to own a property within the Kingdom, enumerating the following three conditions.
— The foreigner should have a valid and unexpired residency ID (Muqeem).
— The resident must provide all information about the property along with a copy of the title deed.
— He or she should not have another property in the Kingdom.
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#Housing #finance #company #aids #expatriates #owning #house #Saudi
( With inputs from www.siasat.com )

February 20, 2023
OpenAI now a maximum-profit company controlled by Microsoft: Musk

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New Delhi: Elon Musk on Friday criticised Microsoft for making profits via OpenAI, a non-profit organisation created by him.
The AI chatbot ChatGPT, developed by OpenAI which is now a Microsoft company, has become a rage and the tech giant is infusing $10 billion into it to make it more useful for across industries.
Musk said that OpenAI was created as an open source (which is why I named it “Open” AI), a non-profit company to serve as a counterweight to Google.
“But now it has become a closed-source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all,” the Twitter CEO posted.
He responded to a follower who said: “Elon Musk says that AI is ‘one of the biggest risks’ to civilisation and needs to be regulated. He co-founded OpenAI.”
ChatGPT is an advanced form of AI that is powered by the GPT-3 large language model. It is programmed to recognise human language and generate responses based on massive amounts of data.
According to Musk, “ChatGPT has illustrated to people just how advanced AI has become. AI has been advanced for a while. It just didn’t have a user interface that was accessible to most people”.
Musk stepped down from OpenAI’s board of directors in 2018 and no longer owns a stake in the company.

“Initially, it was created as an open-source nonprofit. Now it is closed-source and for-profit. I don’t have an open stake in OpenAI, nor am I on the board, nor do I control it in any way,” he mentioned.
As part of his decision to create OpenAI, Musk stated that Google wasn’t paying enough attention to AI safety.
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#OpenAI #maximumprofit #company #controlled #Microsoft #Musk
( With inputs from www.siasat.com )

February 17, 2023
Trinamool MP seeks ED probe into affairs of ‘certain’ company, avoids naming Adani

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New Delhi: Senior Trinamool Congress MP Saugata Roy sought to know in the Lok Sabha on Thursday as to why the Enforcement Directorate (ED) is not investigating the affairs of a “certain” company which did round-tripping of its finances and bought assets in India.
However, Roy made the remarks without taking the name of Adani group.
The Trinamool MP also demanded that Finance Minister Nirmala Sitharaman should ask market regulator SEBI to inquire into the fallen shares of this “certain” company.
Roy raked up the issue while participating in the discussions on the Union Budget in the Lok Sabha.
Sitharaman, though, was not present in the House when Roy raised the issue.
Without taking Adani group’s name, Roy said, “The Hindenburg report said that a certain company did round-tripping of its finances, and bought assets in India after round-tripping them from abroad. You know in the snowy areas, the ice comes down. The ice came down on this company’s shares as well. In three days, it lost to the tune of Rs 10 lakh crore.
“You people tell me which company is this. Its name cannot be taken. If we say Adani, they will demand expunging the name.”
“I have a simple demand from the Finance Minister. She has got the SEBI under her. If a company has done round-tripping, it is the job of SEBI to look into it,” he added.

“I demand that she (Sitharaman) should ask SEBI to inquire into the fallen shares of this certain company. Also, the ED, which is a matter of fear for the Opposition, is under the Finance Minister as well. It is investigating each and every politician from the Opposition. Why is the ED not investigating the affairs of this company,” the Trinamool MP asked.
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#Trinamool #seeks #probe #affairs #company #avoids #naming #Adani
( With inputs from www.siasat.com )

February 9, 2023
It is our company, not Satyendar Jain’s: Co-accused tell Delhi HC

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New Delhi: The Delhi High Court on Tuesday, while taking note of the submissions of jailed minister Satyendar Jain’s co-accused Ankush and Vaibhav Jain in a Prevention of Money Laundering Act (PMLA) case, listed the matter for next hearing on February 8.
Appearing for Ankush and Vaibhav Jain, counsel Sushil Kumar Gupta said: “We have been roped in because the company, as per the Enforcement Directorate, belonged to Satyendar Jain.”
He added: “We are stating that it is our company, not Satyendar Jain’s.”
On Monday, Gupta had said: “Satyendar Jain has nothing to do with the company. All the companies belong to us.”
Special Judge Vikas Dhull had denied the two bail on November 17 last year.
Gupta said: “We were having an effective position in the company. We had sent the money/cash to Kolkata-based companies.”
He argued that there are no “proceeds of crime” in the present case and according to the Central Bureau of Investigation’s (CBI) charge-sheet, it is generated only at the end of the cheque period.
“The whole fulcrum of a PMLA case lies on the proceeds of crime,” he said.

Gupta further argued that the present case uses a disproportionate assets (DA) case, which is a period-specific offence, but to establish an offence under the PMLA, the Enforcement Directorate has to establish “proceeds of crime”.
Earlier, Satyendar Jain’s counsel N. Hariharan had asked how is the minister involved in the present case and how is he related to it as the money belonged to Ankush and Vaibhav Jain, which came back to their account without any premium.
“My (Satyendar Jain’s) assets before and after the cheque period remained the same,” he had said.
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#company #Satyendar #Jains #Coaccused #Delhi
( With inputs from www.siasat.com )

February 7, 2023
Adani buys majority stake of Hindenburg Research Company

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India’s Gautam Adani, Asia’s richest man, faces possibly the biggest challenge of his career after a U.S. short seller, Hindenburg accused Adani conglomerate of stock manipulation and accounting fraud.
Adani Group responded Hindenburg report with an over 400-page data, the group led by Gautam Adani called all the allegations “unsubstantiated” and “misleading”.
However, despite the response by Adani’s group, the investors remained apprehensive and Adani’s share price kept falling.
Reportedly, in an hostile takeover, Adani Group has bought majority stake at Hindenburg Research company. This is the second hostile takeover by Adani Group after it took over its another critic NDTV.
“After completing the formalities with SEBI and US’ Securities and Exchange Commission (SEC) we will take complete control of Hindenburg Research and the story will be deleted” told Adani Group CFO to The Fauxy.
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#Adani #buys #majority #stake #Hindenburg #Research #Company
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

January 30, 2023
Japan power company seeks to raise household electricity prices by 30%

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Tokyo: The Tokyo Electric Power Company Holdings Inc. (TEPCO) said that it has applied to the government to raise its regulated electricity rates for households by around 30 percent from June in response to surging energy prices and the yen’s weakening.
The rate hike application, following five other major power companies which have already filed for the government’s approval to raise prices by between 28 percent and 46 percent from April, reflects a deteriorating business performance due to soaring prices of fossil fuels such as liquefied natural gas (LNG) and thermal coal for power generation, reports Xinhua news agency.
Japan’s Industry Ministry will examine details of TEPCO’s cost reduction measures and decide on the actual rate increase.
Tomoaki Kobayakawa, president of TEPCO, told reporters at a press conference that the company would have problems ensuring stable supplies of electricity if it leaves the situation as it is.
“We don’t want to place a burden on our customers, but we’ve made the tough decision,” he said.
The hike in the regulated rates would be the first for TEPCO since 2012 when it raised the rates in the aftermath of the 2011 Fukushima nuclear disaster.
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#Japan #power #company #seeks #raise #household #electricity #prices
( With inputs from www.siasat.com )

January 24, 2023
Gujarat company MD moves court for pre-arrest bail in Morbi bridge collapse case

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Morbi: Managing Director of Ajanta Manufacturing Ltd, the firm which was given contract for operation and maintenance of a suspension bridge in Gujarat’s Morbi town that collapsed on October 30 last year killing 135 people, has moved a court here for anticipatory bail fearing arrest in the case.
Jaysukh Patel, moved the anticipatory bail plea in the sessions court in Morbi fearing arrest in the bridge collapse case, sources said.
The plea is likely to be heard on Saturday, they said.
Nine persons, including four employees of Ajanta Manufacturing (Oreva Group), have been arrested so far in the case. They included two managers and an equal number of ticket booking clerks of the Oreva Group that was managing the British-era bridge.
Patel’s name was not included in the first information report (FIR) filed by the police soon after the tragedy.
Police sources said they will file a charge-sheet in the case before January 30.
The suspension bridge on the Machchhu river was being maintained and operated by the Oreva Group as per an agreement signed with Morbi municipality.
Patel’s move comes even as the Gujarat government has issued a show-cause notice to the local municipality asking why it should not be dissolved for failing to discharge its duties that led to the tragedy.

A government-appointed Special Investigation Team (SIT) had cited, among other things, several lapses on part of the Oreva Group in repairs, maintenance and operation of the carriageway.
The lapses cited by the special probe team included no restriction on the number of persons accessing the bridge, no curb on sale of tickets, leading to unrestricted movement on the bridge and carrying out repairs without consulting experts.
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#Gujarat #company #moves #court #prearrest #bail #Morbi #bridge #collapse #case
( With inputs from www.siasat.com )

January 20, 2023
The Pets Company Folding Dog Poop Scooper, Pet Waste Potty Picker, Large, 24 Inches, Color May Vary

Price: [price_with_discount]
(as of [price_update_date] – Details)

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Step 1
Great tool to use indoor and outdoor
Easy to clean, just wash it off
One handed pick-up design allows you to clean up your dog’s waste without even bending over or having to wrap your hands
Suitable for all dogs

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#Pets #Company #Folding #Dog #Poop #Scooper #Pet #Waste #Potty #Picker #Large #Inches #Color #Vary

November 8, 2022