Eyes of the India

Shyam Maheshwari, chief Executive Officer, SSG Capital Management Limited discusses the risk and rewards associated with investing in stressful assets and how they create opportunities. Mr. Maheshwari has made significant contributions to SSG Capital, particularly in the Indian market, where he has helped us build a strong business, and importantly a deep team of senior investment professionals who are well positioned to carry on successful Indian business Shyam Maheshwari In a fireside chat, Shyam Maheshwari , Chief Executive Officer, SSG Capital Management Limited; Haseeb Malik, Senior Managing Director, Ward Partners Inc., discusses the risks and rewards associated with investing in stressful assets and how they create opportunities. Shyam Maheshwari tells about the recent developments around stressed assets resolution. They are a $4.5 billion platform today. India has happened to be a large part of our investments since 2009. The economy has a tailwind of growth, said Shyam Mahes...

  The US has yet to respond to the new proposal, which includes lifting sanctions imposed against an economic arm of the Revolutionary Guard Corps Tehran has dropped its condition that the Iranian Revolutionary Guard Corps (IRGC) be dropped from Washington's list of terror groups in return for sanctions relief in order to conclude the stalled efforts to revive the  nuclear deal , sources told Middle East Eye. The 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), was signed between  Iran  and the United States during the administration of Barack Obama to limit Iran's nuclear programme in return for US sanctions relief. But in 2018, then-US President Donald Trump unilaterally exited the deal and reimposed the sanctions.  After Joe Biden came to power last year, talks to revive the deal restarted, but have been stalled since March as Iran demanded the White House reverse Donald Trump's April 2019 decision to designate the IRGC as a foreign...

  U.S. Transportation Command hopes Elon Musk’s SpaceX rockets could prevent the next Benghazi. THE PENTAGON ENVISIONS  a future in which Elon Musk’s rockets might someday deploy a “quick reaction force” to thwart a future Benghazi-style attack, according to  documents  obtained by The Intercept via Freedom of Information Act request. In October 2020, U.S. Transportation Command, or USTRANSCOM, the Pentagon office tasked with shuttling cargo to keep the American global military presence humming, announced that it was partnering with Musk’s SpaceX rocketry company to determine the feasibility of quickly blasting supplies into space and back to Earth rather than flying them through the air. The goal,  according to a presentation by Army Gen. Stephen Lyons , would be to fly a “C-17 [cargo plane] equivalent anywhere on the globe in less than 60 minutes,” an  incredible leap  forward in military logistics previously confined to science fiction. A USTRA...

  Senators in both parties briefed recently by senior Biden administration officials on negotiations with Iran say they doubt Tehran will agree to any new deal to limit its development of nuclear weapons.   Lawmakers say the administration has an offer on the table, but that Iran is showing little willingness to reestablish the Joint Comprehensive Plan of Action (JCPOA), which placed significant restrictions on its nuclear program in exchange for sanctions relief.   Former  President Trump  unilaterally withdrew the United States from the 2015 deal, which was one of former  President Obama’s  biggest foreign policy accomplishments.   Biden officials said in January that they were on the cusp of restoring the agreement but cautioned at the time that it would be up to Tehran to accept it.   Four months later, Iran still hasn’t shown any serious interest in accepting the offer from the United States and its European allies, which means...

  More Americans say former President Trump should face criminal charges in connection with the Jan. 6, 2021, attack on the Capitol, according to a new poll. The  ABC News-Ipsos survey  published on Sunday found that 58 percent of respondents said Trump should be criminally charged, while 40 percent of respondents said Trump should not face charges. Forty-six percent of respondents said that they believe Trump bears a great amount of responsibility for the Capitol attack, and 12 percent of those surveyed said that the former president bears a good amount of responsibility. Seventeen percent of respondents, by comparison, said Trump bears some amount of responsibility for what transpired on Jan 6., and 24 percent of those surveyed believe Trump bears no responsibility for the Capitol insurrection.  A similar ABC News-Washington Post-ABC News poll  published in early May  found that 52 percent of those surveyed said Trump should be criminally charge...

  The Amravati Police on Saturday visited MLA   Ravi Rana ’s residence at Khar in Mumbai to serve him a bailable warrant issued by the Nagpur bench of the Bombay High Court. Sources said the warrant was issued this week as the MLA had failed to respond to the notice issued to him by the Bombay High Court. The warrant calls upon Rana to be present before the court on Monday. Meanwhile, eight police personnel, including a senior inspector of Mumbai Police, have been penalised and their increment suspended for three years following a departmental inquiry. According to police, the departmental inquiry was set up after these officials, who were posted at the Dharavi police station in 2018, detained a 17-year-old boy for questioning in a theft case. Also, The Enforcement Directorate (ED) on Saturday tweeted, “ED has arrested Appasaheb Ramachandra Deshmukh, treasurer of Shri Chhatrapati Shivaji Education Society on 17.06.2022 in a case of money laundering.”

  This comes on top of more than 1,700 cancellations and another 8,800 delays in the US on Thursday, FlightAware said. Just a day after airline executives met with US transportation officials on how to stem flight disruptions, a band of storms triggered thousands of cancellations and delays for beleaguered carriers. More than 6,000 flights were late or scrubbed altogether as of 4:25 p.m. ET Friday, according to tracking website FlightAware. That comes on top of more than 1,700 cancellations and another 8,800 delays in the US on Thursday, FlightAware said.  A line of storms stretched from Mississippi to Virginia, gumming up flights at large hubs in Atlanta, Charlotte, Washington, D.C. and New York. At the same time, airline staffing woes as carriers rebound from the Covid-19 pandemic have made it more difficult to respond to bad weather, leaving carriers with fewer reserve crews.  Transportation Secretary Pete Buttigieg had a conference call with airline chiefs on Thursday...

  Russian Ambassador to China Andrey Denisov used the Chinese adage "Shoot oneself in the foot" to denounce Western sanctions. He called on BRICS nations to reduce dependence on U.S.-dominated global payment system during an interview with CGTN. Read More :  https://news.cgtn.com/news/2022-06-17/Russian-ambassador-uses-a-Chinese-adage-to-denounce-Western-sanctions-1aWtp9KStnG/index.html

  Former President Trump is still the dominant figure in the Republican Party but his stranglehold is loosening. Trump-backed candidates have had a mixed record in GOP primaries so far this cycle, with high-profile losses in Georgia, Nebraska and a key South Carolina district undercutting many other wins. The work of the House Select Committee on Jan. 6 also places Trump’s role in the insurrection squarely in the spotlight.  To be sure, Trump leads early 2024 polls by a wide margin. But there is no guarantee that the ever-unpredictable Trump will enter the race. And there is a growing consensus among Republican insiders that, if he does so, he will face a serious challenge. So, if the 2024 GOP nominee ends up being someone other than Trump, whom might it be? Florida Gov. Ron DeSantis DeSantis is Trump’s most serious rival at this early stage.  The Florida governor has a multilayered appeal. Conservatives loved his pushback against mask and vaccine mandates during the pand...

  TikTok announced Friday that it has moved its data on users located in the United States to Oracle’s cloud platform, an attempt to assuage concerns about Chinese government access to American data. Backups of U.S. user data will be stored in TikTok’s own servers in Virginia and Singapore for the time being before ultimately being deleted in the switch to Oracle’s platform. “These are critical steps, but there is more we can do,” the platform said in a blog post. “We know we are among the most scrutinized platforms from a security standpoint, and we aim to remove any doubt about the security of US user data.” TikTok, whose parent company ByteDance is headquartered in Beijing, has maintained that American data has been siloed off from access by the Chinese Communist Party (CCP). But new reporting from BuzzFeed News based on dozens of internal meetings contradicts that position. Employees of ByteDance based in China have frequently accessed private data on U.S. users, the reporting ...