Latest news with #AoA
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Business Standard
5 days ago
- Business
- Business Standard
Vodafone Idea to seek shareholder nod for ₹20,000 cr fundraise, AoA tweak
Vodafone Idea Ltd has called an extraordinary general meeting on 27 June to seek shareholder approval for a ₹20,000 crore ($2.4 billion) capital raise and amendments to its Articles of Association (AoA) aimed at retaining promoter control. Shareholders will vote on two special resolutions. The first relates to changes in the company's AoA to reflect amendments in the shareholders' agreement that preserve governance and management rights for the promoters — Aditya Birla group and Vodafone Plc. The planned fundraise is part of Vodafone Idea's broader effort to strengthen its balance sheet and support investments in network expansion and 5G rollout. The move comes as the cash-strapped telecom operator continues to battle intense competition and legacy dues.
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Business Standard
5 days ago
- Business
- Business Standard
Yes Bank to raise ₹16,000 crore via equity and debt; caps dilution at 10%
Private-sector lender Yes Bank has announced plans to raise up to ₹16,000 crore through a mix of equity and debt instruments, following a board resolution passed late on June 3. According to an exchange filing, the bank aims to raise up to ₹7,500 crore via equity issuance and ₹8,500 crore via debt instruments, including in Indian or foreign currency. The bank emphasised that the total equity dilution, including any conversion of debt to shares, will not exceed 10 per cent. Yes Bank has not specified how the funds will be utilised, but such capital raises are typically aimed at improving capital adequacy, supporting growth, and enhancing lending capacity. Fund-raising follows landmark SMBC share purchase deal The announcement follows the recent agreement with Japan's Sumitomo Mitsui Banking Corporation (SMBC), which is acquiring a 20 per cent stake in Yes Bank from eight existing shareholders, including 13.19 per cent stake from the State Bank of India (SBI) and a combined 6.81 per cent from seven other Indian banks, including Axis Bank, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank. As part of the conditions of the share purchase agreement signed on May 9, 2025, the board also approved amendments to the Articles of Association (AoA) of the bank. These changes incorporate rights of SMBC and SBI, which are subject to specific ownership thresholds, 10 per cent for SMBC and 5 per cent for SBI, according to the shareholder agreements. The fund-raising and AoA amendments will be presented for shareholder approval, along with any necessary RBI or regulatory clearances. The bank noted that the resolutions are 'enabling in nature' and meant to offer flexibility in execution based on market conditions.
Yahoo
14-02-2025
- Yahoo
Woman banned from every US Walmart store accused of self-checkout scam, police say
A Memphis woman banned from every Walmart in the U.S. was arrested earlier this week after she allegedly used a self-checkout scam to shoplift packs of ramen noodles and other items from one of the retailer's stores, according to police. A Memphis police officer wrote in an affidavit, which was obtained by USA TODAY, that the 37-year-old woman was charged with criminal trespass and theft of merchandise of less than $1,000. The woman, who the officer said is a "known shoplifter," was arrested at a South Memphis Walmart location on Feb. 10 around 3:44 p.m., according to the court document. The woman is on the Authorization of Agency (AoA) list, and therefore is "not to be at any Walmart location in the United States due to prior shoplifting encounters," according to the affidavit. An AoA list for trespass is a legal document where a property owner formally authorizes law enforcement agencies to take action against individuals found trespassing on their property, including arresting them. 'We value our customers and associates and want them to have a pleasant shopping experience. Though rare, there are instances when someone is no longer welcome in our stores,' Walmart said in a statement obtained by WREG. A company spokesperson said they are working on providing a statement when contacted by USA TODAY on Thursday. A witness in the Walmart told the police officer she saw two women "stealing from the store," the affidavit reads. The woman banned from the store was caught on a Walmart camera using an old watch barcode battery to scan all her items for $1 while using the self-checkout machine, the police officer wrote in the affidavit. During the fraudulent transaction, the woman stole 11 packs of ramen noodles, a pair of women's boots, blue jeans and a T-shirt for a total of $137.34, the affidavit reads. The other woman who allegedly participated in the scam stole a backpack, two bras, a lash kit and an automotive accessory that all together cost $57.86, according to the affidavit. She received a misdemeanor citation for theft of property, the court document continued. According to Shelby County court records, the banned woman was found guilty of shoplifting at a Circle K store in Memphis on April 22, 2024. The convenience store's clerk told police that the woman stole $33 worth of items, including four sandwiches, two slushies, one bag of chips and a can of cheese dip, an affidavit filed on May 9, 2024, says. The store clerk identified the woman out of a six-person photographic lineup, and she was subsequently charged with theft of merchandise less than $1,000, according to the affidavit. Other Shelby County court records accessed by USA TODAY show the woman was also found guilty of stealing $502 worth of items from a Nordstrom Rack in February 2023; $381.25 worth of items from a Dicks Sporting Goods in November 2021; $281.12 worth of items from a Walmart in December 2019; and $32.64 worth of items from a CVS in November 2019. This article originally appeared on USA TODAY: Memphis woman banned from every US Walmart accused of theft: Police
USA Today
13-02-2025
- USA Today
Woman banned from every US Walmart store accused of self-checkout scam, police say
A Memphis woman banned from every Walmart in the U.S. was arrested earlier this week after she allegedly used a self-checkout scam to shoplift packs of ramen noodles and other items from one of the retailer's stores, according to police. A Memphis police officer wrote in an affidavit, which was obtained by USA TODAY, that the 37-year-old woman was charged with criminal trespass and theft of merchandise of less than $1,000. The woman, who the officer said is a "known shoplifter," was arrested at a South Memphis Walmart location on Feb. 10 around 3:44 p.m., according to the court document. The woman is on the Authorization of Agency (AoA) list, and therefore is "not to be at any Walmart location in the United States due to prior shoplifting encounters," according to the affidavit. An AoA list for trespass is a legal document where a property owner formally authorizes law enforcement agencies to take action against individuals found trespassing on their property, including arresting them. 'We value our customers and associates and want them to have a pleasant shopping experience. Though rare, there are instances when someone is no longer welcome in our stores,' Walmart said in a statement obtained by WREG. A company spokesperson said they are working on providing a statement when contacted by USA TODAY on Thursday. What was the woman accused of doing at the Walmart? A witness in the Walmart told the police officer she saw two women "stealing from the store," the affidavit reads. The woman banned from the store was caught on a Walmart camera using an old watch barcode battery to scan all her items for $1 while using the self-checkout machine, the police officer wrote in the affidavit. During the fraudulent transaction, the woman stole 11 packs of ramen noodles, a pair of women's boots, blue jeans and a T-shirt for a total of $137.34, the affidavit reads. The other woman who allegedly participated in the scam stole a backpack, two bras, a lash kit and an automotive accessory that all together cost $57.86, according to the affidavit. She received a misdemeanor citation for theft of property, the court document continued. Court documents: Not her first time shoplifting According to Shelby County court records, the banned woman was found guilty of shoplifting at a Circle K store in Memphis on April 22, 2024. The convenience store's clerk told police that the woman stole $33 worth of items, including four sandwiches, two slushies, one bag of chips and a can of cheese dip, an affidavit filed on May 9, 2024, says. The store clerk identified the woman out of a six-person photographic lineup, and she was subsequently charged with theft of merchandise less than $1,000, according to the affidavit. Other Shelby County court records accessed by USA TODAY show the woman was also found guilty of stealing $502 worth of items from a Nordstrom Rack in February 2023; $381.25 worth of items from a Dicks Sporting Goods in November 2021; $281.12 worth of items from a Walmart in December 2019; and $32.64 worth of items from a CVS in November 2019.
Egypt Independent
28-01-2025
- Business
- Egypt Independent
FM: Egypt backs WTO goals, principles
The Egyptian government pays great attention to advancing the developmental objectives of the World Trade Organization (WTO), by encouraging preferential treatment for developing countries in all WTO agreements, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Badr Abdelatty said. This also involves developing technical support and capacity-building programs to support developing countries and ensure their effective engagement in international trade and global supply chains, Abdelatty added during a meeting with WTO Director General Ngozi Okonjo-Iweala, held as part of the minister's visit to Geneva on Monday. Congratulating the organization chief on her appointment to a second term as Director-General of the WTO, Abdelatty underscored the government's full support for the organization's goals as well as the principles of a fair and multilateral rules-based trade system. He also emphasized Cairo's interest in trade as a key pillar of development. During the meeting, Abdelatty also touched on Egypt's relentless efforts to restore calm in the Middle East and prevent the region from plunging into an all-out war that could disrupt international trade and navigation. He also highlighted the severe damage Egypt incurred from escalating regional and international geopolitical tensions since the onset of Israel's war in Gaza in October 2023, which resulted in nearly a 70 percent drop in the Suez Canal revenues. Abdelatty also reiterated Egypt's commitment to maintaining its active and constructive engagement in all WTO mechanisms to reach a consensus on the main issues under discussion, especially those related to reforming the organization's dispute settlement system, the negotiations on reforming the WTO Agreement on Agriculture (AoA) and promoting food security, and encouraging special and preferential treatment for developing countries. He expressed hope that this engagement would pave the way for coming up with tangible results on these issues during the WTO 14th Ministerial Conference (MC14), set for March 2026 in Cameroon.
