Latest news with #Bharwani
Toronto Sun
25-07-2025
- Toronto Sun
Supreme Court affirms murder conviction of man who argued he was unfit for trial
Published Jul 25, 2025 • 1 minute read OTTAWA — The Supreme Court of Canada has upheld the murder conviction of a man who argued he was unfit to stand trial because he experienced auditory hallucinations and schizophrenic delusions throughout the proceedings. In a ruling issued today, the top court accepts the trial judge's finding that there were no reasonable grounds to believe Mohamed Adam Bharwani did not understand the reality of his trial. Bharwani was 18 in early 2013 when he moved into a basement apartment in Toronto with other tenants, including a 23-year-old student. Five days later, he attacked the student, striking her with a fireplace poker and then strangling her to death. Bharwani was diagnosed with schizophrenia. A jury ultimately found Bharwani fit to stand trial and he was convicted of first-degree murder. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Toronto & GTA Columnists Toronto & GTA Sports Sunshine Girls
Yahoo
30-06-2025
- Business
- Yahoo
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move originally appeared on TheStreet. Siddarth Bharwani, Joint Managing Director and CFO of Jetking, expressed astonishment at Pakistan's recent decision to create a national Bitcoin reserve with MicroStrategy's Michael Saylor as an advisor. Jetking, a Mumbai-based IT education firm, has made headlines as India's first publicly listed company to adopt a Bitcoin treasury strategy. The company aims to hold 210 Bitcoin by 2025, mirroring MicroStrategy's approach. "I was shocked when I heard that," Bharwani said during a recent conversation with TheStreet Roundtable. "It was impressive to see a country like Pakistan, which generally does not have the best economic condition, to come out and take such a bold move." Pakistan's aggressive push toward Bitcoin adoption highlights the growing regional pressure on India. Bharwani believes this development should prompt India's government and financial institutions to quickly clarify their own Bitcoin stance. "Our neighboring countries having this kind of exposure towards Bitcoin or blockchain as an asset, as a category — I think India has to take notice as to why and how did they implement it," he noted. Bharwani also pointed out Bhutan's substantial Bitcoin investment as another critical sign for India. "Bhutan is holding about 14,000 Bitcoin, if I'm not mistaken. And they're creating a mindful city about two hours away from the capital," he said. He anticipates significant announcements from Indian authorities — including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Ministry of Finance — in the near term. "I think in the next two to three months, we will have some view from RBI, from SEBI, from the government ministry of finance around how they're looking at Bitcoin," Bharwani stated. Despite acknowledging India's bureaucratic complexities, Bharwani remains optimistic. "It takes time to implement things in such a big country," he explained, but "when we do come out with the clarity, it will be a big one. It will be something that India will knock down." Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move first appeared on TheStreet on Jun 30, 2025 This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.
Yahoo
30-06-2025
- Business
- Yahoo
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move
Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move originally appeared on TheStreet. Siddarth Bharwani, Joint Managing Director and CFO of Jetking, expressed astonishment at Pakistan's recent decision to create a national Bitcoin reserve with MicroStrategy's Michael Saylor as an advisor. Jetking, a Mumbai-based IT education firm, has made headlines as India's first publicly listed company to adopt a Bitcoin treasury strategy. The company aims to hold 210 Bitcoin by 2025, mirroring MicroStrategy's approach. "I was shocked when I heard that," Bharwani said during a recent conversation with TheStreet Roundtable. "It was impressive to see a country like Pakistan, which generally does not have the best economic condition, to come out and take such a bold move." Pakistan's aggressive push toward Bitcoin adoption highlights the growing regional pressure on India. Bharwani believes this development should prompt India's government and financial institutions to quickly clarify their own Bitcoin stance. "Our neighboring countries having this kind of exposure towards Bitcoin or blockchain as an asset, as a category — I think India has to take notice as to why and how did they implement it," he noted. Bharwani also pointed out Bhutan's substantial Bitcoin investment as another critical sign for India. "Bhutan is holding about 14,000 Bitcoin, if I'm not mistaken. And they're creating a mindful city about two hours away from the capital," he said. He anticipates significant announcements from Indian authorities — including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Ministry of Finance — in the near term. "I think in the next two to three months, we will have some view from RBI, from SEBI, from the government ministry of finance around how they're looking at Bitcoin," Bharwani stated. Despite acknowledging India's bureaucratic complexities, Bharwani remains optimistic. "It takes time to implement things in such a big country," he explained, but "when we do come out with the clarity, it will be a big one. It will be something that India will knock down." Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move first appeared on TheStreet on Jun 30, 2025 This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared. Sign in to access your portfolio
International Business Times
18-06-2025
- Business
- International Business Times
Meet Kenchen Bharwani: The Mastermind of Off-Price Fashion's Economic Growth in the United States
As the U.S. fashion industry faces a generational shift, consumer priorities pivoted toward affordability and sustainability. Shoppers want stylish clothing without the ethical baggage of fast fashion ushering in an era where off-price fashion is no longer niche, but a strategic economic driver. Enter Kenchen Bharwani. With nearly two decades of experience, Bharwani has been at the forefront of this movement. Known for transforming unsold inventory into scalable retail solutions, she has emerged as a game-changer for American brands, retailers, and consumers. Kenchen approaches the industry with a holistic mindset optimizing supply chains, reviving dormant inventories, and breathing new life into underperforming product categories. "My job isn't just to move product. It's to create possibility from what the market discards," Bharwani shares. "That's where real innovation begins." Through her insights, Bharwani has shown how off-price fashion evolved from bargain bins to a boardroom priority and why both U.S. retailers and wholesalers are investing in it. Bringing Off-Price Fashion to U.S. Consumers Off-price fashion connects global manufacturers with American buyers seeking quality goods at reduced costs. Bharwani's entry into the field began at PT Chandrishka Apparel in Indonesia, where she helped a struggling export house grow by attracting international buyers including major American brands through her networking acumen and expertise. Before "off-price" became an industry buzzword, she was already connecting manufacturers in Asia and Africa to U.S. wholesalers and retailers, building a cross-border network that powers today's off-price supply chain. Her success led her to Karmin Industries Inc., one of North America's top wholesalers. Tasked with expanding the off-price segment, Bharwani introduced a supply chain model sourcing from vetted vendors across Pakistan, Ethiopia, and Egypt benefiting retailers across the U.S. and giving consumers access to quality goods at lower prices. "Her knowledge and connections are extensive. It helped lead us to an expanded base of supply, increased production, procurement and profitability," said a Karmin executive. "This has been a key factor in reducing our costs." Reinventing the Off-Price Fashion Playbook Bharwani's impact is most apparent in her sourcing innovations. She's tapped into underutilized global textile capabilities, bringing premium fleece blends from Pakistan, double pique knits from Ethiopia, and ring-spun cotton tees from Kenya to American shelves. In one standout case, she transformed leftovers of a rare double pique knit fabric with moisture-wicking abilities from Al Asr Industries PLC in Ethiopia into a line of men's activewear tops under Karmin's Azur private label. The result: affordable performance apparel for U.S. retailers and a new revenue stream for the Ethiopian manufacturer. The designs were later showcased at Africa Sourcing and Fashion Week, with 430,000 units purchased by Gor Factory, helping Al Asr break into Europe. Her knack for connecting the right fabric with the right market has made her indispensable. "I don't just fill a gap I anticipate it," Bharwani says. Turning Deadstock into Economic Wins As lead fashion consultant at Empire Apparel LLC today, Bharwani recently led a landmark acquisition and redistribution of 1.2 million units of Hanes Brands Inc. inventory. Amid inflation and overstock, this move gave American discount retailers premium access at off-price rates. She oversaw and advised her team on everything from quality control to buyer segmentation, ensuring rapid inventory turnover while maximizing margins. The initiative didn't just give smaller retailers a competitive edge without costly production it allowed consumers to access quality apparel at reduced prices. The project also opened new export channels to Europe and reduced textile waste, promoting sustainability. "This wasn't just about clearing inventory," she notes. "It was about building a circular economy that uplifts retailers, expands consumer choice, and aligns with sustainability goals." Redefining U.S. Fashion Economics Off-price fashion is expected to outpace traditional retail as inflation and evolving values shape consumer behaviour. Bharwani has laid the groundwork through sourcing, vendor relationships, and brand strategy to turn what was once excess into a growth engine for the U.S. fashion economy. Her model leverages surplus stock as an asset, not a liability. Her work empowers small businesses, supports job creation, and contributes to the reindustrialization of American fashion by shortening supply chains and offering alternatives to fast fashion. Bharwani's success isn't just measured by units moved but by the ecosystems she strengthens, the value she unlocks, and the economic resilience she fosters within the retail market. Wherever off-price fashion is heading next, Kenchen Bharwani will be leading the charge one deadstock success story at a time.
Yahoo
12-05-2025
- Business
- Yahoo
CPS Announces $419.95 Million Senior Subordinate Asset-Backed Securitization
LAS VEGAS, Nevada, May 12, 2025 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ('CPS' or the 'Company') announced the closing of its second term securitization in 2025 on Monday May 12, 2025. The transaction is CPS's 55th senior subordinate securitization since the beginning of 2011 and the 38th consecutive securitization to receive a triple 'A' rating from at least two rating agencies on the senior class of notes. In the transaction, qualified institutional buyers purchased $419.95 million of asset-backed notes secured by $439.29 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2025-B, consist of five classes. Ratings of the notes were provided by Standard & Poor's and DBRS Morningstar, and were based on the structure of the transaction, the historical performance of similar receivables and CPS's experience as a servicer. Note Class Amount(in millions) Interest Rate AverageLife (years) Price S&P'sRating DBRSRating A $ 191.520 4.74% 0.65 99.99620% AAA AAA B $ 58.430 4.79% 1.75 99.99344% AA AA C $ 70.280 5.12% 2.43 99.97744% A A D $ 40.640 5.56% 3.23 99.97917% BBB BBB E $ 59.080 7.95% 3.98 99.99266% NR BB The weighted average coupon on the notes is approximately 5.96%. The 2025-B transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 4.40%. The transaction agreements require accelerated payment of principal on the notes to reach overcollateralization of the lesser of 8.65% of the original receivable pool balance, or 22.00% of the then outstanding pool balance. The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law. All such securities having been sold, this announcement of their sale appears as a matter of record Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their Bharwani, Chief Financial Officer949-753-6811Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
