Sahara Tells Supreme Court that it Cant Refund ₹36000 Crore to Investors

first_imgThe Sahara Group has said that it would be not able to pay ₹36,000 to bond investors in 18 months, as mandated by the Supreme Court last month.In June, the apex court had ordered the Lucknow-based financial services group to refund nearly ₹36,000 crore to bond investors in nine instalments over the next 18 months.However, Sahara told the court that “no business house in the world can pay ₹36,000 crore within 18 months.”Last month, the court had also said that jailed Sahara chief Subrata Roy and two other directors of the company would be taken into custody again, if he defaults on paying on any three instalments.The Supreme Court also rejected to grant a bail to Roy, as he failed to submit a bank guarantee of ₹5,000 crore.The court had ordered Roy to deposit ₹10,000 crore for his release. The court asked him to pay half the amount in cash and remaining half as bank guarantee. Roy has already paid ₹5,120 crore in cash.The Sahara Group chief will remain in jail as long as he fails to produce the bank guarantee.Roy, a high-profile business leader, has been behind bars since March last year, following Sahara’s failure to comply with a court order to return the money to investors it had raised through an illegal bond programme.Currently, Sahara is involved in selling properties of the group to raise the money required to secure a bail for Roy.The group has also informed the court on Tuesday that it is raising ₹110 crore from selling a 44-acre property to Gorakhpur Real Estate Corporation.The case will be up for hearing before the Supreme Court on Monday.last_img read more

Support ecotourism as a traveller

first_imgPlanning to go on a vacation? Try being a responsible traveller. With global warming and rising pollution levels, we need to care for our mountains, beaches, hills and the very air we breathe. Walk more, carry your own bag while shopping, suggest experts.Here are some tips on how you can save the environment while travelling:No vehicle roads: Explore a new city on foot like the Mall Road in Shimla, Cinque Terre (The Italian Riveria) and Giethoorn village (Netherlands) where vehicles are not allowed. Walking is the best option to soak up the local flavour. Also Read – Add new books to your shelfSay no to plastic bags: If you are travelling to any of the hill stations in India, be sure to carry your own bag while shopping. You won’t be getting any plastic bag even for food items!No smoking zones: A vacation in cities like Beijing, Chandigarh, Chennai, Liverpool and Mexico will mean that you have to leave your cigarette case at home as all these places are no-smoking zones.Go for green transportation: Bid goodbye to your traditional transportation modes and go for the new, trendy e-bikes and cycles which will be your best bet. Brands like Hero and many others have a whole new range of e-bikes that you will enjoy riding. Also Read – Over 2 hours screen time daily will make your kids impulsiveChoose eco-friendly dwellings: Go beyond swanky hotels and air-conditioned rooms. And choose a homestay instead. Many of them are built with eco-friendly materials and exercise initiatives like water recycling. A farm stay will offer ample opportunities to experience life at a working farm firsthand and learn valuable lessons of sustainability.Travel in packs: Don’t forget your cars can seat four people comfortably. Find people travelling the same route and pool together for a road trip. Save some petrol money and also do the environment some good. Eat local, buy local: Living in a plantation is your chance to experience the earth beneath your feet in a different way. Join the farmers in harvesting the local produce. Buy local, organic food and give back to the land that’s hosting you.Leave it the way you found it: Your keywords here are conserve, re-use and recycle. Don’t leave behind any plastic and spoil what’s perfect. Don’t use plastic at all. Dispose your waste responsibly and don’t litter your surroundings.Sightsee a little differently: Forget taxis and cabs and take the local transport instead. Cycle along the meandering paths and watch gorgeous sights scurry past you. Sightseeing is way more fun on two wheels.Plant a tree wherever you go: While you take back memories and incredible experiences from a place, leave behind a little something for the land in return. Plant a tree wherever you or sow a seed on the street, and whisper a small thank you to the place for being a wonderful host.last_img read more

A53 partially blocked due to accident and fuel spillage

first_imgGet the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailUPDATE: This has now cleared. The A53 is reported to be partially blocked following an accident in North Staffordshire this morning (Wednesday June 26). Traffic is reported to be queueing in both directions following the collision near the junction of the road and Three Mile Lane in Whitmore in Newcastle Borough. Inrix, the traffic data company, also reports there has been a fuel spillage as a result of the accident. The collision was first reported to StokeonTrentLive at around 9.10am today. We have no further information at this stage. Dad slams ‘disgusting’ hospital window Punter found hiding in bushes Follow StokeonTrentLive Download our app  – You can download our free app for iPhone and iPad from Apple’s App Store , or get the Android version from Google Play .  Follow StokeonTrentLive on Facebook – Like our Facebook page to get the latest news in your feed and join in the lively discussions in the comments. Click here to give it a like! Follow us on Twitter – For breaking news and the latest stories, click here to follow SOTLive on Twitter . Follow us on Instagram – Featuring pictures past and present from across Stoke-on-Trent, North Staffordshire & South Cheshire – and if you tag us in your posts, we could repost your picture on our page! We also put the latest news in our Instagram Stories. Click here to follow StokeonTrentLive on Instagram . Driver named following fatal collisioncenter_img Police search for missing woman Read MoreTop stories on StokeonTrentLive The location of the collision in Whitmore (Image: Inrix)last_img read more

Amazon reInvent 2018 AWS Key Management Service KMS Custom Key Store

first_imgAt the ongoing Amazon re:Invent 2018, Amazon announced that AWS Key Management Service (KMS) has integrated with AWS CloudHSM. Users now have the option to create their own KMS custom key store. They can generate, store, and use their KMS keys in hardware security modules (HSMs) through the KSM. The KMS customer key store satisfies compliance obligations that would otherwise require the use of on-premises hardware security modules (HSMs). It supports AWS services and encryption toolkits that are integrated with KMS. Previously, AWS CloudHSM was not widely integrated with other AWS managed services. So, if someone required direct control of their HSMs but still wanted to use and store regulated data in AWS managed services, they had to choose between changing those requirements, not using a given AWS service, or building their own solution. With custom key store, users can configure their own CloudHSM cluster and authorize KMS to use it as a dedicated key store for keys rather than the default KMS key store. On using a KMS CMK in a custom key store, the cryptographic operations under that key are performed exclusively in the developer’s own CloudHSM cluster. Master keys that are stored in a custom key store are managed in the same way as any other master key in KMS and can be used by any AWS service that encrypts data and that supports KMS customer managed CMKs. The use of a custom key store does not affect KMS charges for storing and using a CMK. However, it does come with an increased cost and potential impact on performance and availability. Things to consider before using a custom key store Each custom key store requires the CloudHSM cluster to contain at least two HSMs. CloudHSM charges vary by region and the pricing comes to at least $1,000 per month, per HSM, if each device is permanently provisioned. The number of HSMs determines the rate at which keys can be used. Users should keep in mind the intended usage patterns for their keys and ensure appropriate provisioning of HSM resources. The number of HSMs and the use of availability zones (AZs) impacts the availability of a cluster. Configuration errors may result in a custom key store being disconnected, or key material being deleted. Users need to manually setup HSM clusters, configure HSM users, and potentially restore HSMs from backup. These are security-sensitive tasks for which users should have the appropriate resources and organizational controls in place. Read more about the KMS custom key stores on Amazon. Read Next How Amazon is reinventing Speech Recognition and Machine Translation with AI AWS updates the face detection, analysis and recognition capabilities in Amazon Rekognition Introducing Automatic Dashboards by Amazon CloudWatch for monitoring all AWS Resources.last_img read more