Tag: Prevent

  • Wipro’s Q4 results: Will buyback prevent share price drop? Stocks dip 27 pc in 1 year

    Wipro’s Q4 results: Will buyback prevent share price drop? Stocks dip 27 pc in 1 year

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    Wipro, Indian multinational corporation that specializes in information technology, consulting, and business process services, is set to announce its Q4 results today along with a proposed share buyback program.

    With Tata Consultancy Services (TCS) and Infosys both missing street estimates in their Q4 results, investors are cautious about Wipro’s performance. The big question on everyone’s mind is whether the proposed buyback program will prevent a further drop in Wipro’s share price, which has declined by over 27 percent in the past year.

    Outcome of the Wipro Board Meeting

    Wipro’s two-day board meeting began yesterday, during which they were expected to consider a proposal for a share buyback program. The outcome of the board meeting will be announced today along with the Q4 results.

    MS Education Academy

    In a statement to the stock exchanges, the company earlier said, “The outcome of the Board meeting will be communicated to the stock exchanges soon after the conclusion of the Board meeting on April 27, 2023.”

    Wipro stocks dip by 27 percent in one year

    Wipro’s share price has been on a downward trend for the past year, with the stocks dipping by over 27 percent. In the current year alone, the stocks have dropped by over four percent.

    This decline is a cause for concern for investors, and the announcement of the buyback program is being seen as a potential solution to stabilize the share price.

    Wipro’s past performance and share buyback program history

    Wipro has a history of using share buyback programs. In 2021, the company bought back shares worth Rs 9500 crore at an offer price of Rs 400 per share. In 2019, it bought back shares worth Rs 10500 crore at an offer price of Rs 325 per share.

    When it comes to declaration of the earnings, the reactions of the investors have been mixed in the past. Wipro’s shares traded in the red on the next day of the earnings declaration in six out of 13 quarters since 2020.

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    ( With inputs from www.siasat.com )

  • Gujarat HC issues notice to govt on plea to prevent sanitation worker deaths

    Gujarat HC issues notice to govt on plea to prevent sanitation worker deaths

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    Ahmedabad: The Gujarat High Court on Tuesday issued a notice to the state government over a public interest litigation (PIL) seeking steps to prevent deaths of sanitation workers and compensation to the families of those who had died while cleaning drainage lines and septic tanks.

    The division bench of acting Chief Justice A J Desai and Justice Biren Vaishnav issued a notice returnable on May 1, 2023 over a plea filed by NGO Manav Garima.

    The petitioner claimed that the state government had failed to implement provisions of the Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013 and sought the court’s direction for its proper implementation.

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    The high court had in 2016 directed the government to pay Rs 10 lakh compensation to the families of each deceased sanitation workers on the PIL by the NGO. However, so far compensation has not been paid to the families of 26 out of 152 workers who died between 1993 and 2014, and 16 who died after the main petition was filed in 2016, it said.

    Though section 7 of the 2013 Act prohibits local authorities or their agencies to engage people for hazardous cleaning of sewer in underground drainage lines or septic tanks, they have continued to do so, causing several deaths, the plea stated.

    As many as 45 incidents have taken place, where 95 workers lost their lives while cleaning septic tanks, it claimed.

    “This fact itself shows that the State has miserably failed to enforce section 7 of the Act in letter and spirit. It is pertinent to point out that in most of the cases, no offence is registered under section 7 or 9 of the Act,” it said.

    As per the plea, in 2014, the government had issued guidelines imposing prohibition on cleaning of sewage from underground drainage to prevent deaths of workers, while in 2019, it directed local bodies to ensure that no person is permitted to enter manholes for cleaning drainage lines or septic tanks.

    The state government also entrusted responsibility to the nodal officer or chief officer to ensure total prohibition of employment of manual scavengers in their respective areas and to initiate criminal action against offenders, the plea said.

    None of the municipal corporations have till date constituted emergency response sanitation units (ERSUs), for which the state government had passed a resolution in 2021 to ensure that the cleaning operation is carried out using machines and no person is forced to enter into drainage lines for cleaning manually, it said.

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    #Gujarat #issues #notice #govt #plea #prevent #sanitation #worker #deaths

    ( With inputs from www.siasat.com )

  • Telangana: Cops to block stolen, lost cell phones to prevent data theft

    Telangana: Cops to block stolen, lost cell phones to prevent data theft

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    Hyderabad: Telangana police personnel are now being trained to block stolen or lost mobile phones so that the data is not exploited.

    The training is offered by the Department of Telecommunications, which recently launched the Central Equipment Identity Register (CEIR) site, via which police officers at the station level may ban stolen or lost mobile phones to avoid data theft. The CEIR is a Department of Telecommunications project.

    Telangana Director General of Police Anjani Kumar met with police officers receiving training for the project on Thursday. Police officers from all 746 police stations in the state will be taught the use of CEIR, and the project will be implemented following the training.

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    “A user ID and password will be assigned to each police station. After logging into the CEIR, the person in charge at the police station will be able to block the number; if the device is found, it can be simply unlocked using the software,” he explained.

    The DGP further said that the nature of crime has evolved throughout time, from serious felonies such as dacoity to crimes employing technology. “These days, all crimes are related to technology. Identity theft is today’s most serious crime. With stolen data, a person can create another person with the same identity,” he explained.

    Additional Director General CID Mahesh Muralidhar Bhagwat said that 60 officers ranging in rank from constables to Deputy Superintendents of Police (DSP) attended the one-day training programme on Thursday. He stated that these officers will return to their units and provide the aforementioned training to police station-level nodal officers.

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    #Telangana #Cops #block #stolen #lost #cell #phones #prevent #data #theft

    ( With inputs from www.siasat.com )

  • Boulevard Accident: Traffic Police Special Teams To Prevent Stunt Biking

    Boulevard Accident: Traffic Police Special Teams To Prevent Stunt Biking

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    SRINAGAR: Following the horrible road accident on Boulevard near SKICC on Friday which resulted in the on-spot death of a 20-year-old youth, Traffic Police Srinagar on Saturday said special teams have been formed to identify individuals involved in stunt biking.

    Senior Superintendent Police Traffic for Srinagar, Muzaffar Ahmad Shah said that the multilevel measures to curb stunts and rash riding by two-wheelers are being taken besides identifying the boys involved in it.

    “It is not restricted to Srinagar only; there are some boys from other districts who come to Srinagar for these stunts. We are in the process of identifying them and are compiling data on it,” he said.

    SSP City Traffic said they will also seek assistance from the district police as well, as they will be summoning those involved in bike stunts through their concerned police stations.

    “We are going to come down heavily on the repeated and habitual offenders,” the officer said, adding, “We have summoned a few and are trying to reach out to the maximum to counsel them afresh.”

    Speaking about Friday’s accident, the officer said the incident is “painful”. “I have been urging the parents to be more sensitive in giving two-wheelers or any other vehicle to their children.”

    “In addition to law enforcement, parents play a crucial role in preventing these types of situations. If they want to offer their children two-wheelers or other vehicles, they should make sure they have all the necessary documentation, safety equipment,” he said.

    Srinagar traffic police said last week that they now have specialized “Speed Radar Guns” to measure the speed of moving cars. They claimed that the technology will assist them to stop high-speed, stunt biking, and reckless driving by vehicles. (KNO)

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    #Boulevard #Accident #Traffic #Police #Special #Teams #Prevent #Stunt #Biking

    ( With inputs from : kashmirlife.net )

  • Sebi to put in place framework to prevent frauds by stock brokers

    Sebi to put in place framework to prevent frauds by stock brokers

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    New Delhi: Markets regulator Sebi on Wednesday approved a slew of proposals, including ending the practice of individuals holding permanent directorship at boards of listed companies and putting in place a framework to prevent frauds by stock brokers.

    The proposals were cleared by the board of the Securities and Exchange Board of India (Sebi) during its meeting here on Wednesday.

    The watchdog has approved a regulatory framework to allow private equity funds to become sponsors of mutual funds, a move that will help further deepen the mutual fund industry.

    Besides, the regulator has given its nod for norms for Environmental, Social and Governance (ESG) disclosures by listed companies.

    According to a release issued after the board meeting, Sebi said it has decided to end the practice of individuals having permanent seats at boards of listed companies. The move is part of efforts to further boost the corporate governance ecosystem.

    Among other measures, the regulator will put in place a formal mechanism to prevent frauds and market abuse by stock brokers.

    Further, Sebi will introduce fund-blocking facility for secondary market transactions like being done for Initial Public Offerings (IPOs). The measure is aimed at safeguarding investors’ money from misuse by stock brokers.

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    #Sebi #put #place #framework #prevent #frauds #stock #brokers

    ( With inputs from www.siasat.com )

  • Speed Radar Guns To Prevent Stunt Biking, High Speed Driving: SSP Traffic

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    SRINAGAR: In order to curb high-speed stunt biking and rash driving of vehicles, Traffic Police Srinagar on Monday said they have received a few ‘Speed Radar Guns’, a specialized device to assess the speed of moving vehicles.

    Senior Superintendent of Police (SSP) for City Traffic, Muzaffar Ahmad Shah while speaking to the media at his office said the department was short of the equipment to measure the speed of moving vehicles, and now they have received an inventory of a few ‘Speed Radar Guns’.

    ” The device would be used to crack down on high-speed stunt biking,” he said.

    “We would be using the speed radar guns, which would assist us in detecting the people who drive erratically and at high speeds,” he said, adding that in the coming months, the Intelligent Traffic Management System (ITMS) is going to be activated. The installation of multiple cameras will automatically detect and minimize traffic violations, he added.

    Talking about Sunday’s Parimpora incident in which a group of boys riding two-wheelers was seen allegedly harassing a family and said to be involved in stunt biking, the SSP said, “There was a swift action by the Parimpora police station, and the action will serve as an indication to those who are involved in these kinds of acts. Law is very clear about it and nobody can escape.”

    Shah said the initiative on underage driving and rash driving was taken last year but the effort can only be successful if parents cooperate.

    He urged parents to not allow minors to drive either four-wheelers or two-wheelers, and those who do so should make sure their children have all the required paperwork, including a driver’s license, and that they are wearing helmets when riding two-wheelers. (KNO)

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    #Speed #Radar #Guns #Prevent #Stunt #Biking #High #Speed #Driving #SSP #Traffic

    ( With inputs from : kashmirlife.net )

  • Why is the Prevent counter-terrorism programme review so controversial? – podcast

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    Since its inception two decades ago, Prevent, part of the UK government’s counter-terrorism strategy, has attracted controversy. Its aim is to ensure that those at risk of radicalisation can be stopped and turned away from extremist ideologies, reducing terrorist attacks.

    For many years there have been criticisms that Prevent has impinged on civil liberties, and has discriminated against Muslims. And, the Guardian’s crime correspondent, Vikram Dodd, tells Nosheen Iqbal, with increasing numbers of referrals to Prevent concerning the far right, there have been growing criticisms it has lost its way.

    Now an independent review has been published, offering recommendations that the government says it will accept in full to overhaul the programme. But with the review itself mired in controversy after human rights and community groups boycotted it, will it make Britain safer?

    Libya-IRA arms report<br>File photo dated 23/01/18 of former Chair of the Charity Commission William Shawcross, the author of a confidential Foreign Office report on Libyan-sponsored IRA bombings. Mr Shawcross has expressed surprise and disappointment at the Government’s response to his work. Issue date: Wednesday March 24, 2021. PA Photo. The Government has ruled out using £12 billion of frozen Libyan assets held in the UK, specifically the tax take generated by them, to compensate victims of explosives supplied by former Libyan dictator Muammar Gaddafi. See PA story ULSTER Libya. Photo credit should read: Dominic Lipinski/PA Wire

    Photograph: Dominic Lipinski/PA

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    #Prevent #counterterrorism #programme #review #controversial #podcast
    ( With inputs from : www.theguardian.com )

  • Balakot Surgical Strike: Did Trump Administration Prevent India-Pak Nuclear War?

    Balakot Surgical Strike: Did Trump Administration Prevent India-Pak Nuclear War?

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    SRINAGAR: Donald Trump’s Secretary of State, Mike Pompeo has claimed that India and Pakistan were on the verge of a nuclear war in February 2019, when India resorted to surgical strikes deep inside Balakot. In his latest book he has claimed that his then-Indian counterpart Sushma Swaraj woke him up for a phone conversation to tell him that Pakistan was preparing for a nuclear attack and that India too was preparing to retaliate, The Tribune reported.

    jaishankar pompeo meet pti
    A 2019 photograph showing Dr Jaishankar with his US counterpart, Mike Pompeo

    Writing in Never Give an Inch: Fighting for America, Pompeo claims the phone call came when he was in Hanoi for the US-North Korea summit on February 27-28 and his team then had to work through the night with both New Delhi and Islamabad to avert the crisis.

    “I will never forget the night I was in Hanoi, Vietnam, when — as if negotiating with the North Koreans on nuclear weapons wasn’t enough —India and Pakistan started threatening each other in connection with a decades-long dispute over the northern border region of Kashmir,” wrote Pompeo in the book. “I do not think the world properly knows just how close the India-Pakistan rivalry came to spilling over into a nuclear conflagration in February 2019. The truth is, I don’t know precisely the answer either; I just know it was too close.”

    The book reads: “After an Islamist terrorist attack in Kashmir — probably enabled in part by Pakistan’s lax counter-terror policies — killed 40 Indians, India responded with an air strike against terrorists inside Pakistan. The Pakistanis shot down a plane in a subsequent dogfight and kept the Indian pilot prisoner.”

    “In Hanoi, I was awakened to speak with my Indian counterpart. He believed the Pakistanis had begun to prepare their nuclear weapons for a strike. India, he informed me, was contemplating its own escalation. I asked him to do nothing and give us a minute to sort things out (sic),’’ wrote Pompeo, mistakenly referring to Swaraj as “he”. The MEA has so far not responded to Pompeo’s recollection.

    Sushma Swaraj
    India’s foreign minister speaking to the UN general assembly on September 29, 2018

    He went on to say that while the incumbent External Affairs Minister S Jaishankar was “competent”, his earlier counterpart Sushma Swaraj was not “important” in the matters of external affairs and he used to directly deal with National Security Advisor Ajit Doval.

    Reacting to this, Jaishankar said, “I have seen a passage in Secretary Pompeo’s book referring to Smt Sushma Swaraj ji. I always held her in great esteem and had an exceptionally close and warm relationship with her. I deplore the disrespectful colloquialism used for her.”

    Pompeo in his book also claims that “India, which has charted an independent course on foreign policy, was forced to change its strategic posture and join the four-nation Quad grouping due to China’s aggressive actions.” India and China are locked in a lingering border standoff in eastern Ladakh for over 31 months.

    The bilateral relationship came under severe strain following the deadly clash in Galwan Valley in Eastern Ladakh in June 2020.

    India has maintained that the bilateral relationship cannot be normal unless there is peace in the border area.

    Pompeo called India the “wild card” in Quad. “The country (India) has always charted its own course without a true alliance system, and that is still mostly the case. But China’s actions have caused India to change its strategic posture in the last few years.”

    Pompeo also explains how the Donald Trump administration succeeded in bringing India on board the Quad grouping.

    The US, Japan, India and Australia had in 2017 given shape to the long-pending proposal of setting up the Quad or the Quadrilateral coalition.

    “In June 2020, Chinese soldiers clubbed twenty Indian soldiers to death in a border skirmish. That bloody incident caused the Indian public to demand a change in their country’s relationship with China,” Pompeo writes.

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    ( With inputs from : kashmirlife.net )