Sunday, October 11
U.K. government figures Sunday showed that more than 1,100 migrants arrived in the country on Saturday in small boats from France across the English Channel, the highest number recorded on a single day so far this year. The latest Home Office figures show that 1,194 migrants arrived in 18 boats on Saturday in what were settled weather conditions, bringing the provisional annual total so far to 14,811. That's 42% higher than the same point last year, an increase that has piled pressure on the Labour government, which returned to power nearly a year ago partly on disillusionment with the previous Conservative administration 's efforts to get a grip on the the numbers making the crossing. Having ditched the Conservative government's plan to send migrants who arrived in the U.K. by unauthoriz
NEW DELHI: Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encou-rages entrepreneurs to earn profits through ethical practices without inhibitions. This is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, she said, indicating that resources can be distributed only when they are generated. Sitharaman was addressing the National Commemorative Seminar on 60 Years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures."Profit was a bad word (for socialists and communists), whereas that's not what we believe in. We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation," she said.Wea
Investor sentiment will be in focus on Monday, June 2, as Aegis Vopak Terminals and The Leela Palaces (Schloss Bangalore) make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from institutional investors, while grey market premiums suggest a muted listing.Aegis Vopak Terminals IPO GMPAegis Vopak Terminals' IPO, open from May 26 to May 28, received a lukewarm response, with an overall subscription of 2.09 times. The issue consisted entirely of a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223–235 per share.The grey market premium (GMP) for Aegis Vopak shares is currently just Rs 1, hinting at a likely listing around Rs 236 — a marginal upside of 0.43% over the upper price band.Aegis Vopak Terminals, a joint venture between Aegis
