Latest news with #ENA
Hans India
4 days ago
- Hans India
Govt to crack down on alcohol diversion
Vijayawada: To combat the illegal diversion of Extra Neutral Alcohol (ENA), Rectified Spirit (RS), and Ethanol, the state prohibition and excise department conducted a statewide video conference with distillery officers. Excise commissioner Nishanth Kumar and enforcement director Rahul Dev Sharma led the meeting, issuing strict instructions to enhance monitoring at distilleries to prevent the diversion of alcohol intended for industrial or potable use. Principal secretary for excise and GAD, Mukesh Kumar Meena, said robust regulatory oversight is needed to prevent diversion, emphasising accountability, transparency, and technology-driven monitoring. His regular reviews and coordination with enforcement teams have intensified the department's crackdown on illegal activities. Meena also directed officials to improve interdepartmental coordination, enhance surveillance systems, and address gaps in tracking industrial alcohol movement and usage. The initiative follows a significant enforcement action in the Palakollu spurious liquor case, where 36 individuals were arrested, and over 2,200 litre of diverted spirit, along with counterfeit liquor bottles, labels, and packaging, were seized. Investigations uncovered an organised network diverting spirit under the pretext of industrial use, such as hand sanitizer production, for illicit liquor manufacturing. Two repeat offenders admitted to sourcing ethanol through a Telangana-based pharmaceutical firm that misused its RS-III licence and temporary Covid-era permissions. Supporting materials, including empty bottles, brand labels, and caps, were traced to Mumbai vendors, highlighting the interstate scope of the operation.
EVN Report
4 days ago
- Politics
- EVN Report
Arbitration, Aliyev and Church Showdown
In EVN Report's news roundup for the week of July 25: An international arbitration court orders Armenia to halt efforts to seize control of ENA; Azerbaijani President Aliyev accuses Armenia of stalling key infrastructure projects, warns of deepening political isolation; PM Pashinyan unveils plans to remove the Catholicos, calling it a spiritual mission to renew the Church and society.
Pink Villa
5 days ago
- Entertainment
- Pink Villa
Park Eun Bin's Extraordinary Attorney Woo to get an American remake? Production responds
Kang Tae Oh and Park Eun Bin led the legal office romance drama Extraordinary Attorney Woo, which was released in 2022, and while the fans await a sequel, there's another update they may not have expected. According to a report from DEADLINE, Netflix is developing an English-language adaptation of the Korean show, which also aired on the platform for international audiences. ENA, the original creators of the 16-episode drama, carefully avoided confirmation. Meanwhile, the media giant itself is yet to comment. The original coverage stated that sources have revealed that creator Leila Gerstein will be joining producer KristieAnne Reed as the writer and executive producer for Jerry Bruckheimer Television. On July 25, ENA said to EDaily, 'it's difficult to answer', on being asked whether rights for an American remake were sold to Netflix, which refused to answer. The rights to the original content are held by AStory, which also exclusively produced it. Previously, on August 17, 2022, AStory President Lee Sang Baek confirmed that Extraordinary Attorney Woo would be renewed for a second season. At the time, fans were waiting for Kang Tae Oh 's return from the military and the wrapping up of Park Eun Bin's other projects, including Netflix's The Wonder Fools. However, with no updates on it so far, fears are rising about the cancellation of the sequel. About Extraordinary Attorney Woo The story follows the titular character of Woo Young Woo, who is a lawyer on the autism spectrum. With a spectacular photographic memory and her wish to sort the most complex cases, she becomes a star performer at her new law firm, much to the surprise of her colleagues. Unlike a cutthroat atmosphere seen in most dramas, Extraordinary Attorney Woo takes on a milder, slice-of-life approach, impressing viewers. It also showcased a heartwarming romance arc for the lead character, raising interest.
Yahoo
5 days ago
- Business
- Yahoo
Ethena Taps Anchorage to Issue $1.5B USDtb Stablecoin Under GENIUS Act
Decentralized finance (DeFi) platform Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws. As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in the U.S. under the GENIUS Act's compliance standards. That's a move away from the token's current offshore issuance model, a move that aims to create a pathway for institutions to hold and use the token within regulated financial channels. "While we've already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products and platforms," Ethena co-founder and CEO of development organization Ethena Labs Guy Young said in a statement. Ethena's governance token ENA (ENA) is up 9% over the past 24 hours, outperforming the broader crypto market that saw many altcoins plunge 5%-10% overnight. The market benchmark CoinDesk 20 Index was down 1.3% during the same period. The move comes after President Trump signed the GENIUS Act into law last week, a landmark crypto legislation that sets guidelines for stablecoins and issuers to operate in the country. Stablecoins are a $250 billion and rapidly growing class of cryptocurrencies with their prices anchored to an external asset, predominantly to fiat currencies like the U.S. dollar. Tether, issuer of the largest stablecoin USDT, also announced plans to enter the U.S. market under the new law. USDtb, introduced in December, aims to keep a stable $1 price and is backed predominantly by tokenized money market fund BUIDL, issued by BlackRock and Securitize. The token currently has a $1.45 billion supply on the Ethereum blockchain, per data. Ethena also issues the USDe "digital dollar," a token that generates yield by shorting bitcoin, ether and SOL harvesting funding while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
OC Media
6 days ago
- Business
- OC Media
Russian–Armenian tycoon Karapetyan wins an arbitration case against Armenia
Sign in or or Become a member to unlock the audio version of this article Join the voices Aliyev wants to silence. For over eight years, OC Media has worked with fearless journalists from Azerbaijan — some of whom now face decades behind bars — to bring you the stories the regime is afraid will get out. Help us fuel Aliyev's fears — become an OC Media member today Become a member Russian–Armenian billionaire Samvel Karapetyan has won an urgent arbitration case against the Armenian government regarding the Electric Networks of Armenia (ENA), Karapetyan's defence council announced on Wednesday. Karapetyan's lawyers also noted that the decision of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC Arbitration Institute) is subject to 'mandatory execution' by the Armenian authorities. 'The arbitration concluded that it was necessary to apply urgent measures of protection, since the actions of the Republic of Armenia 'raise serious doubts about the compliance of the Republic of Armenia with the Agreement on the Reciprocal Protection of Investments in force between Armenia and Cyprus' ', the statement read. It also 'obliged' Armenian authorities 'to refrain from applying the provisions of the recently adopted' legislative amendments that would allow the state to take over the ENA as well as 'from further steps to seize' the company, Karapetyan's lawyers stated. The Armenian Parliament adopted a bill that would virtually allow the state to take over the company on 3 July by enabling the state to 'intervene' and oversee its administrations should the company fail to meet its obligations. According to the Armenian Public TV, SCC Arbitration Institute 'has rejected the claim for the release' of Karapetyan. Earlier, on 30 June, Karaptyan's Tashir Group announced that the tycoon's family officially notified Armenian authorities about initiating an investment dispute. Advertisement The notice, according to their statement, was based on the 1995 Armenia–Cyprus investment promotion and protection agreement, which allows investors to turn to international arbitration if their rights are violated by the state. The announcement seeking to nationalise the ENA came shortly after Karapetyan's detention in June, with Prime Minister Nikol Pashinyan vowing to 'swiftly' act to do so. Meanwhile, he claimed the move was not related to Karapetyan's remarks in support of the church, which led to his detention in June and charges of making calls to overthrow the government. Instead, Pashinyan cited public discontent with the company's services and frequent power outages in Armenia, which Pashinyan alleged were intentionally used 'to generate internal public discontent in Armenia'. 'If the politicians fail, then we will participate in our own way in all of this', Karapetyan had said in an interview with before his arrest. Following his arrest, Armenia fined ENA ֏10 million ($26,000) 'for technical and commercial violations', the Public Services Regulatory Commission announced. In mid-July, Karapetyan was charged with additional money laundering charges through several companies, following raids on his companies in Armenia. 'Eliminating possible risks threatening state security' The Armenian government responded shortly after the statement from Karapetyan's lawyers. 'While respecting the security measures applied by foreign arbitration decisions, at the same time everyone is also obliged to be guided by the legislation of […] Armenia and international treaties that define the rules and procedures for the recognition and implementation of arbitration decisions', the Armenian government said in its response. The statement said it was released in response to unnamed media publications, with the Armenian government stating the scope of the issues examined in the urgent case 'is different from the objectives of the decision to appoint a temporary administrator and the scope of the actions to be taken by the latter'. The goal of the appointment of a temporary administrator, according to the statement, pursued 'preventing the risks of deliberately creating an energy crisis', 'ensuring public order, eliminating possible risks threatening state security', 'excluding the concealment of abuses in the ENA and preventing further abuses'. On 18 July, the Chair of the Public Services Regulatory Commission (PSRC), Mesrop Mesropyan, appointed Romanos Petrosyan as the temporary manager of the ENA, in an apparent overture to the state's takeover of the company. Petrosyan is a prominent member of the ruling Civil Contract party's board.
