Judge Ntendeya Mavundla ruled in the High Court in Pretoria yesterday that the Indian state-owned global Bank of Baroda could not be forced to keep its doors open in South Africa to serve 20 Gupta-linked companies.
The scandal-hit Gupta family has been dealt another blow after a court bid to keep an Indian bank in South Africa failed.
Judge Ntendeya Mavundla read only one paragraph of the order on Monday morning in the High Court in Pretoria to say the application has been dismissed with costs.
"In view of the bank's strategic plan for rationalisation of the branches in worldwide markets, the management of the bank has chose to cease the banking operations in South Africa territory", the bank said last month in a statement.
Last month, Bank of Baroda notified the Gupta-linked companies that it would close its South African operations at the end of March following Nedbank's notice terminating their relationship.
Yes Bank acquires 17.31% stock in Fortis Healthcare Yes Bank has acquired 17.31 percent stake in Fortis Healthcare following invocation of almost 9 crore pledged shares last month. The shares were acquired by Yes Bank on 16 February, consequent upon invocation of pledge on these shares, it added.
Nineteen Gupta-owned companies, including Optimum Coal Mine, Sahara Computers and Oakbay Investments, approached the High Court with an urgent application in February, seeking to interdict the bank from leaving South Africa.
With the last bank door slammed shut on the Gupta family's crumbling business empire in South Africa, more of their companies are expected to go into business rescue.
South Africa's major banks turned their backs on the businesses two years ago, saying they brought with them too much risk to their reputation. He said the Bank of India, which is the majority shareholder of the Bank of Baroda, took a decision to withdraw from countries where little business is conducted.
He likened the application by the Gupta companies to a failing marriage where one party refuses a divorce due to their own interests.
The company's 3-months average volume stands at 14.54 million. (NYSE:COO) has risen 33.48% since March 14, 2017 and is uptrending. Moreover, Inverness Counsel Ltd Co New York has 1.51% invested in Exxon Mobil Corporation (NYSE: XOM ) for 261,469 shares.
After not wanting to commit to a long-term deal with Washington, Cousins wanted to get a feel of the free agency market. Until now, the NFL was the only "Big Four" professional sports league not to offer its players guaranteed contracts.
Chantal said it was after her friend's girlfriend's brother shared the snap of Yogi on Reddit that it went viral. Eyebrows are actually one of the most identifiable parts of the human face'. "But it's not just his eyes".
A Jersey Shore high school spent part of Wednesday morning on lockdown as police investigated a weapons threat on the campus. Ted Henderson told reporters that no threat was found after a systematic room-by-room search of the large high school.
Orca Invest Mngmt Ltd Liability Com holds 0.52% or 12,144 shares in its portfolio. 702,195 are owned by Federated Incorporated Pa. Also, insider Thomas Kurian sold 1,700,000 shares of the business's stock in a transaction dated Thursday, January 18th.
Former CEO Jeff Immelt, who stepped down on August 1, received $8.1 million in 2017, down from $21.3 million the year before. Rhumbline Advisers grew its stake in shares of El Paso Electric by 1.9% during the third quarter. (NYSE:C) or 25,743 shares.
Media headlines about MGM Resorts International (NYSE: MGM ) have trended somewhat positive this week, Accern reports. Since February 21, 2018, it had 0 buys, and 8 sales for $432,628 activity. (NYSE:C) shares were sold by Callahan Don.
All in all, it will probably take something to go wrong in order for Virginia to not make it to the Final Four, but it's possible. The Bulldogs always seem to find a way to go deep in the bracket and have won six straight NCAA Tournament openers.
It is positive, as 73 investors sold AMZN shares while 549 reduced holdings. 10 funds opened positions while 35 raised stakes. Needham has "Buy" rating and $42 target. $1.11 million worth of stock was sold by THORNLEY ANTHONY S on Tuesday, February 20.
Kevin Mayer, who has served as Disney's chief strategy officer since 2015, has been named chairman of the new business segment. That segment will include the new upcoming Disney-branded streaming service and the ESPN+ streaming service.
Here's Why Elon Musk Is Poaching 'The Onion' Staffers
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Nidahas Trophy 2018: Rohit, Sundar propel India to final
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Family of Seth Rich sues Fox News over retracted story
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Delhi Metro's Pink Line to flag off today
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TVS Apache RTR 160 4V Launched at Rs. 81490
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Minor League Baseball announces new pace-of-play rule changes
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Signet Jewelers (SIG) Upgraded at Zacks Investment Research
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Dog flying from OR mistakenly sent to Japan on United flight
A Kansas family says a mix-up with United Airlines has resulted in their German Shepherd dog being mistakenly flown to Japan . Swindle, of Wichita, Kansas, learned Irgo had been put on a flight to Japan, where the great Dane was supposed to go.
Broncos DT Adam Gotsis arrested on 2013 rape charge
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Sierra Leone: run-off vote set for March 27
Why it matters: Blockchain technology has real potential for elections, since it can be used to create tamper-proof audit trails. The victor of the run-off vote will replace outgoing President Ernest Bai Koroma of APC, as the country's 5th President.
Boosts Position in Korea Electric Power Co. (NYSE:KEP)
It offers Glybera, a gene therapy product for the treatment of patients with orphan lipid disorder lipoprotein lipase deficiency. Advantus Capital Management Inc increased American Campus Communities Inc (ACC) stake by 3.91% reported in 2017Q3 SEC filing.
Stock futures edge higher ahead of inflation data
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