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.
TVS Apache RTR 160 4V Launched at Rs. 81490 The chequered flag decal and the new TVS insignia on the fuel tank adds a premium touch to the bike. Since the time of its launch nearly a decade back, TVS hasn't quite updated the Apache RTR 160 .
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.
Friess Associates Llc decreased Prestige Brands Holdings Inc. (NYSE:LL) has risen 154.19% since March 14, 2017 and is uptrending. Avalon Advisors Llc increased Genuine Parts Co (NYSE:GPC) stake by 13,263 shares to 150,712 valued at $14.42M in 2017Q3.
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.
A warrant for Gotsis' arrest was issued on March 7, 2018 and he turned himself in on the same day, according to the release. In her police report, the victim alleges that she met Gotsis through a mutual friend and later attended a party with him.
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.
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.
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.
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.
With the change, a runner will be placed on second base to start each extra inning , and then the inning will proceed as normal. The announcement says that a 15-day grace period will go into effect from April 5-19 where players will receive warnings.
Horses that are expected to throw in a spoiler include Willie Mullins' Stormy Ireland and Gordon Elliott's, Farclas. In addition to Faugheen and Melon, Mullins saddled Wicklow Brave, who was seventh, and Yorkhill, who was pulled up.
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.
Jayhawks getting no love from bracket experts
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.
Here's Why Elon Musk Is Poaching 'The Onion' Staffers
It's believed that the new project is likely going to be another written satirical-news property or website. Musk, the founder of SpaceX and Tesla , met the two editors when he considered buying The Onion in 2014.
Nidahas Trophy 2018: Rohit, Sundar propel India to final
Rubel Hossain was the most successful bowler, taking the wickets of Dhawan and Raina, and also had Rohit run out in the 20th over. 3 - India's skipper, Rohit Sharma , en route his 61-ball-89, scored his joint third slowest T20I half-century in 42 deliveries.
Family of Seth Rich sues Fox News over retracted story
When reached for comment on Tuesday, Butowsky claimed the lawsuit was "one of the dumbest" he'd ever seen, according to ABC News . It also claims that Zimmerman provided similar information to Joel Rich, which the Riches allege was false.
Delhi Metro's Pink Line to flag off today
On the recent fare hike, the CM said that the Delhi government and the Centre should "sit together and find out a solution". Passenger services will begin from 6 PM from both Majlis Park and Durgabai Deshmukh South Campus stations simultaneously.
FirstEnergy Corp. (NYSE:FE) Moving Higher pre-market
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.
Signet Jewelers (SIG) Upgraded at Zacks Investment Research
ValuEngine upgraded shares of Signet Jewelers (NYSE: SIG ) from a hold rating to a buy rating in a report released on Wednesday. Delpha Capital Management LLC acquired a new stake in shares of Signet Jewelers in the fourth quarter valued at about $113,000.
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.