Circle and Concord Acquisition Corp Mutually Agree to Terminate Proposed Business Combination

Circle and Concord Acquisition Corp Mutually Agree to Terminate Proposed Business Combination

BOSTON, Dec. 5, 2022 /PRNewswire/ — Circle Web Economic (Circle) and Concord Acquisition Corp (NYSE:CND), a publicly traded exclusive goal acquisition organization, nowadays introduced the mutual termination of their proposed organization mix in the beginning introduced in July 2021 and amended in February 2022.

Under the terms of Concord’s amended and restated certificate of incorporation, Concord has till December 10, 2022 to consummate a business enterprise mixture. The transaction agreement also states that Concord can request a shareholder vote to prolong that date to January 31, 2023 if the Securities and Trade Commission (SEC) has declared the S-4 registration assertion for the business enterprise mixture productive. To day, the S-4 registration assertion has not been declared powerful.

“Circle plays a key purpose in the blockchain’s disruption of economic providers,” mentioned Bob Diamond, Chairman of Concord Acquisition Corp. “I keep on being assured in Circle’s regulatory-first solution to setting up believe in and transparency in the monetary marketplace, which has hardly ever been more essential, and I will proceed becoming an advocate for the organization as it continues to increase.”

Termination of the proposed business mix has been permitted by the Board of Directors of both equally Harmony and Circle.

Concord has been a solid companion and has added price during this approach, and we will carry on to advantage from the assistance and assist of Bob Diamond and the broader Harmony group. We are unhappy the proposed transaction timed out, however, turning into a public organization remains section of Circle’s main method to boost trust and transparency, which has under no circumstances been extra vital,” mentioned Jeremy Allaire, Co-Founder and CEO of Circle.

Circle continues to establish on its good results and turned rewarding in the third quarter of 2022, with total revenue and reserve fascination money of $274 million and internet revenue of $43 million. Circle also ended the quarter with near to $400 million in unrestricted income.

Further data about the termination of the transaction settlement for the proposed business enterprise mixture is offered in a Current Report on Kind 8-K submitted by Concord with the SEC. It is accessible at www.sec.gov

About Circle
Circle is a worldwide monetary technologies organization that enables corporations of all measurements to harness the electrical power of electronic currencies and community blockchains for payments, commerce and financial applications throughout the world. Circle is powering generally-on net-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Nowadays, Circle’s transactional products and services, small business accounts, and system APIs are providing increase to a new era of economic services and commerce purposes that maintain the guarantee of raising world economic prosperity for all by the frictionless exchange of price. Master extra at https://circle.com.

About Harmony Acquisition Corp
Concord Acquisition Corp is a unique objective acquisition organization fashioned for the goal of getting into into a merger, funds inventory trade, asset acquisition, inventory acquire, reorganization or related business combination with one or much more companies in the financial providers or fiscal know-how industries. It is sponsored by Harmony Sponsor Group LLC, an entity affiliated with Atlas Service provider Cash LLC, an investment agency that gives credit card debt and equity investment approaches, in search of very long-expression value through differentiated knowledge in monetary companies and credit score marketplaces.

Harmony lifted $276 million in its preliminary community providing in December 2020 and is mentioned on the NYSE under the symbol “CND”.

 

 

Resource Circle World wide web Fiscal, LLC

Driven Brands announces its rapidly growing glass servicing business will migrate to the Auto Glass Now brand

Driven Brands announces its rapidly growing glass servicing business will migrate to the Auto Glass Now brand
  • Uniting less than Car Glass Now in 2023, Driven Makes boosts platform for development as the 2nd largest player in the U.S. car glass provider classification
  • Rebranding features migration to a solitary issue-of-sale method and standard working strategies that lay the basis for business purchaser growth
  • Driven Brands completes 10th acquisition, introducing to Automobile Glass Now’s rising situation as the 2nd premier participant in the U.S. automobile glass provider classification.

CHARLOTTE, N.C., Dec. 5, 2022 /PRNewswire/ — Driven Makes Holdings Inc. (NASDAQ: DRVN) (“Driven Brand names” or the “Business”) today claimed that it will be migrating its glass servicing offering to the Car Glass Now (“AGN”) brand commencing in January 2023. Considering that getting into the U.S. glass small business fewer than a year back, Driven Makes has grown to close to 175 spots and about 700 cell models through a series of acquisitions and a developing pipeline of greenfield openings and ten acquisitions, including the acquisition of Low cost Auto Glass that shut nowadays.

About the study course of 2023, the Enterprise will migrate its locations beneath Vehicle Glass Now and roll out refreshed manufacturer collateral on-line, in promotion, across new and reworked services, and on its mobile support vans. Auto Glass Now is rooted in the legacy of community experts providing customized support, and is now focused on delivering a “wow expertise” by building vehicle glass servicing ever more quickly, welcoming, and convenient. As component of this rebranding, all amenities and mobile vans will be refitted with the industry’s latest applications and products to make sure high quality auto glass repairs for any make or product.

“This rebranding, linked technologies refresh, and operational standardization give us not only a potent brand positioning that will crystalize our differentiation as a countrywide purchaser-targeted brand, but it also boosts the encounter for equally our retail and commercial prospects,” mentioned Michael Macaluso, EVP and team president of Paint, Collision, and Glass. “Moreover, it gives us an incredible system to carry on our national expansion by way of tuck-in M&A action and greenfield openings, which has helped us develop into the second largest participant in the U.S. glass servicing class in just a couple limited months after coming into this house. I could not be much more fired up to see what this gifted workforce accomplishes less than a single brand name, uniform technologies system, and regular go-to-market strategy.”

Automobile Glass Now, the 2nd most significant participant in the automobile glass servicing, will go on to leverage the electric power of Driven Brands’ shared expert services capabilities like facts analytics, direct-to-purchaser promoting, procurement, and business consumer romance management such as the Company’s insurance policy and fleet associations.

“As we scale our already speedily growing national presence under one particular united brand, we will enhance our positioning with our presently solid B2C purchaser foundation and commence to unlock a important chance to enhance our B2B capabilities by extending our glass expert services to our current insurance, fleet, and other professional relationships in just the greater Driven Brands portfolio,” ongoing Macaluso. “We have been proud to welcome all these primary companies into our auto glass spouse and children and to the Vehicle Glass Now brand. We are enthusiastic to transfer forward together remaining rooted in the community approach to every single community we serve and setting up on generational dedication to consumer service.”

Visit DrivenBrands.com for much more information.

About Pushed Manufacturers

Pushed Brands™, headquartered in Charlotte, NC, is the greatest automotive solutions business in North The usa, providing a selection of buyer and professional automotive wants, including paint, collision, glass, car or truck mend, oil modify, maintenance and motor vehicle clean. Pushed Brands is the guardian company of some of North America’s primary automotive assistance firms together with Take 5 Oil Change®, Consider 5 Motor vehicle Wash®, Meineke Vehicle Treatment Centers®, Maaco®, 1-800-Radiator & A/C®, Vehicle Glass Now®, and CARSTAR®. Driven Models has additional than 4,700 destinations across 15 international locations, and expert services more than 50 million vehicles on a yearly basis. Pushed Brands’ network generates around $1.9 billion in annual income from additional than $5.3 billion in system-wide gross sales.

Our Paint, Collision & Glass segment is comprised of our automotive collision maintenance assistance models, ABRA, CARSTAR, and Correct Automobile United states our 50-year legacy automotive paint brand, Maaco and our a number of North American glass repair service, substitute, and calibration brand names, such as UniglassPlus, VitroPlus, Automobile Glass Now, and Jack Morris Car Glass. These firms provide retail, insurance coverage, and fleet clients, and give 3rd-bash car glass statements management solutions for the Canadian market.

Source Driven Brand names

TIPA Extends Partnership With Apiece Apart, Carving a Path Towards Circular Fashion with Fully Compostable Packaging

TIPA Extends Partnership With Apiece Apart, Carving a Path Towards Circular Fashion with Fully Compostable Packaging

TIPA empowers Apiece Aside to grow ethically, reducing plastic entirely from their operations

JERSEY Metropolis, N.J., Dec. 5, 2022 /PRNewswire/ — TIPA, a top compostable packaging supplier, declared today that it is extending its partnership with women’s fashion model, Apiece Aside. The conscious women’s fashion brand name has strengthened its determination to sustainability and will keep on to only use TIPA’s fully compostable polybag different, as it has considering that the partnership started in 2020.

Even though ‘slow fashion’ rooted in significant-quality, domestically created and strong clothes is a significant stage toward a circular marketplace, plastic retail packaging and its close of life presents a critical problem for fashion brand names, as it tends to make up 26{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of whole plastics produced each 12 months, and plastic packaging tends to make up 40{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of all plastic squander on a yearly basis. TIPA’s absolutely compostable polybags, utilised to safeguard garments as they go from producer to purchaser, are intended to safely and securely renovate into organic and natural issue at the stop of their lifecycle. These luggage have the similar performance as traditional plastic and can be seamlessly switched with their unsafe predecessor to stop the 180 billion polybags made just about every year for the manner industry from getting into the garbage disposal course of action.

Primary the way to a truly circular and sustainable manner marketplace is Apiece Aside, a New York-dependent worldwide clothing model committed to mindful trend for gals of all ages. The organization has been using TIPA’s fully compostable polybags to package deal goods at factories to ship to the firm’s warehouses, e-commerce consumers, and retail suppliers. Apiece Aside will keep on to ship 100{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of products with TIPA as they sustainably scale operations to meet increasing need.

“We are delighted to keep on the get the job done we have accomplished with Apiece Apart to lessen plastic squander from the retail facet of the vogue field and search ahead to viewing even bigger figures of standard plastic polybags replaced with our eco-welcoming option,” stated Daphna Nissenbaum, CEO and co-founder of TIPA. “We considerably admire Apiece Apart’s dedication to a cleaner, safer and brighter long run wherever style does not have to have adverse repercussions for the planet.”

“Nearly fifteen years in the past, we set out to create a foundational line of women’s clothing, but not at the expenditure of people today or the environment. Sustainability is a journey, and our partnership with TIPA enables us to discontinue the use of damaging plastic packaging–just one compact stage in our ongoing sustainability initiatives,” claimed Apiece Apart’s founders, Laura Cramer and Starr Hout. “Given that Apiece Apart started working with TIPA’s compostable packaging, we have eradicated 133,825 regular plastic polybags.”

About TIPA
Impressed by character, TIPA’s compostable packaging solutions are created to break down within just months under compost situations just like any organic issue. TIPA packaging gives options for the food items and trend industries, and is designed to in shape present equipment and source chains. The firm’s packaging options are now becoming applied throughout the world by top world manufacturers in Europe, Australia and the US. For additional Data, go to www.tipa-corp.com

About Apiece Apart
Founded by Laura Cramer and Starr Hout, Apiece Aside is a conscious women’s style model headquartered in New York Metropolis. Apiece Apart’s collections are intended for intentional wardrobe creating and crafted employing 95{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} normal components. Their items are built to past for a long time to arrive, transcending momentary traits, and built to be worn on repeat – furnishing an chance for acutely aware consumption. For additional information and facts, visit https://www.apieceapart.com.

Media Speak to:
Chaya Zabihi
GKPR for TIPA
[email protected]

Supply TIPA

Plant-based diet linked to lower risk in men

Plant-based diet linked to lower risk in men

photo of person holding a grocery bag of vegetables at the marketShare on Pinterest
More evidence emerges in guidance of the notion that a wholesome plant-based diet regime is connected to a lessen possibility of bowel most cancers. Impression credit rating: Jimena Roquero/Stocksy.
  • Colorectal cancer is the 3rd most typical most cancers in the United States.
  • The chance of establishing colorectal cancer is greater by obese or weight problems, cigarette smoking, and a food plan significant in crimson or processed meats.
  • Including loads of entire grains, new fruit, and vegetables in one’s food plan can decrease this danger, present investigate has demonstrated.
  • A huge examine has now discovered that, in gentlemen, a diet that is substantial in nutritious plant-centered food items is linked with lower colorectal most cancers threat.

Colorectal cancer, also acknowledged as bowel, colon, or rectal most cancers, is the 3rd most commonly identified and the 2nd deadliest most cancers in the United States.

Most folks who acquire a colorectal most cancers diagnosis are in excess of the age of 50, despite the fact that it can have an impact on more youthful persons, much too.

In recent many years, instances in older men and women have started to decline, but the incidence among the youthful men and women is raising. Even so, these variations may possibly be due to additional efficient cancer screening.

The threat of colorectal most cancers increases with age. Other hazard components people today cannot influence are a family members heritage of colorectal cancer, inflammatory bowel diseases — such as Crohn’s sickness — and sure genetic syndromes.

There are, nonetheless, a lot of life style things that also affect a person’s danger of colorectal cancer. Components that are possible to improve the danger include:

  • a diet reduced in fiber, fruit, and veggies
  • lack of bodily activity
  • a diet superior in fat and pink or processed meat
  • over weight and obesity
  • tobacco use and major liquor intake.

Quite a few reports have investigated the relationship concerning diet plan and colorectal cancer, discovering that the common Western diet plan that is high in excess fat, red meat, and processed meat will increase the risk.

Minimizing these foods and rising foods high in nutritional fiber is affiliated with a reduction in hazard.

Plant-based food items have a tendency to be large in nutritional fiber, but only in an unprocessed point out.

Now, a research that seems in BMC Medicine has found that a diet plan large in balanced plant-primarily based foods — complete grains, refreshing fruit, and vegetables — is linked with a decreased chance of colorectal cancer in men.

Unhealthy plant-based foodstuff — refined grains, fruit juices, and included sugars — had no helpful influence on cancer threat.

“This American examine adds to tons of existing proof on the added benefits of taking in a balanced diet higher in fruit, vegetables and fiber for each men and women.”

– Beth Vincent, health info supervisor, Most cancers Research Uk (CRUK)

The research group integrated 79,952 guys and 93,475 females who have been followed up for an ordinary of 19.2 several years. All members had been from Hawaii or the Los Angeles area and were being aged amongst 45 and 75 years at enrolment. The group integrated persons of African American, Japanese American, Native Hawaiian, Latinx, and white volunteers.

At the commence of the research, researchers assessed participants’ common diet program with a self-claimed questionnaire.

Members experienced to report how generally and how significantly they ate out of extra than 180 distinct foodstuff and drinks. They chose from four portion dimension selections, and frequencies ranging from never to 4 moments a day.

From the responses, the scientists calculated day by day electrical power and nutrient intakes, then calculated a few plant-based diet program indices — general (PDI), healthful (hPDI), and unhealthful (uPDI).

The researchers described complete grains, fruits, veggies, vegetable oils, nuts, legumes, tea, and coffee as healthful plant-based food items. Fewer healthier plant-primarily based foodstuff included refined grains, fruit juices, potatoes, and additional sugars.

To realize a higher hPDI score, contributors experienced to have a substantial ingestion of healthier plant-based mostly foods and a very low ingestion of fewer nutritious plant-dependent food items.

In general, plant-centered diets, specifically wholesome plant-centered diet plans, were connected with a minimized danger of colorectal cancer in adult males, but not in females. Harmful plant-based diet plans did not show up to lower the hazard.

For healthier plant-primarily based weight loss plans, the affiliation was more powerful in Japanese American, Native Hawaiian, and white men than in all those from other teams.

The researchers counsel that “the benefits from plant-based mostly weight loss plans may possibly differ by sex, race and ethnicity, and anatomic subsite of tumor.”

The review experienced a huge sample sizing, lengthy stick to-up time, and racial and ethnic range in the research inhabitants. On the other hand, the authors admit some restrictions of the review, such as feasible assortment bias in who responded to the questionnaires and the detrimental scoring of all animal-dependent food items.

Quite a few other scientific studies have proven that some animal-based foodstuff may well truly be effective. Two assessments have found that equally fish and dairy solutions may possibly reduce the threat of colorectal most cancers.

Beth Vincent argued that the review results really should be seen with caution:

“The study attempted to examine ‘healthy plant foods’ and ‘unhealthy plant foods’ and observed a url with bowel most cancers in adult males. But mainly because of the style and design of the research, the authors by themselves admit we just can’t study as well significantly into their results. The examine relied on persons remembering what they had eaten up to a yr back. It also made the assumptions that participants’ diet plans stayed the exact same over several years, and that all meat and animal items were being harmful — which isn’t the situation.”

This study provides to the expanding proof that diet plan and way of life participate in a important position in most cancers possibility.

Vincent agreed, providing the next tips: “Eating a nicely-well balanced eating plan can assistance with keeping a healthy bodyweight, which lowers the possibility of most cancers. Not cigarette smoking, cutting down on liquor, and keeping protected in the solar are other significant techniques to minimize your cancer hazard.”

One particular study indicates that up to 35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of cancers are linked to diet plan. And diet regime can drastically affect the risk of colorectal cancers.

The American Cancer Society endorses that to decrease colorectal cancer chance, a person ought to involve tons of veggies, fruits, and whole grains, and restrict the quantity of meat they take in.

Prof. Jihye Kim, from Kyung Hee University, who is 1 of the review authors, says that:

“We speculate that the antioxidants found in meals this kind of as fruits, vegetables, and total grains could add to reducing colorectal most cancers danger by suppressing persistent swelling, which can guide to most cancers. As men are inclined to have a bigger chance of colorectal most cancers than ladies, we suggest that this could help describe why taking in higher quantities of wholesome plant-based mostly meals was connected with reduced colorectal most cancers hazard in gentlemen but not women of all ages.”

The authors’ summary that “improving the top quality of plant meals and minimizing animal meals intake can assist reduce colorectal cancer” may perhaps be a very little optimistic, but their examine unquestionably adds to the proof that a healthful eating plan can aid to minimize over-all cancer danger.

BREAKING highlights: All EU governments complete approval of Russian oil price cap, says report

BREAKING highlights: All EU governments complete approval of Russian oil price cap, says report
  • Dec 03, 2022 10:51 PM IST

    Nothing wrong in people assuming Congress will make an OBC CM: Gujarat party chief Jagdish Thakor

    Nothing wrong in people assuming Congress will make an OBC CM in Gujarat says state party chief Jagdish Thakor, as reported by PTI.

  • Dec 03, 2022 10:21 PM IST

    Pakistan should go to India & India should come to Pakistan to play: Former Pak bowler Md Irfan

    Pakistan should go to India & India should come to Pakistan to play. This increases love b/w people from both countries. Cricket should be separate from politics. Don’t go with statements that Pakistan won’t come to India, let the Board decide it, former Pakistan bowler Md Irfan told ANI.

  • Dec 03, 2022 09:43 PM IST

    All EU governments complete approval of Russian oil price cap

    All EU governments complete approval of Russian oil price cap, reports Reuters.

  • Dec 03, 2022 09:23 PM IST

    Kerala HC holds special sitting to hear pleas on Sabarimala

    The Kerala High Court on Saturday held a special sitting to hear pleas on the appointment of the chief priests and transport facilities for pilgrims to the famous Sabarimala temple at Pathanamthitta district, ANI reports.

  • Dec 03, 2022 08:35 PM IST

    Campaigning ends in Mainpuri LS seats, 6 assembly constituencies

    Rampur and Khatauli in Uttar Pradesh, Padampur in Odisha, Sardarshahar in Rajasthan, Kurhani in Bihar and Bhanupratappur in Chhattisgarh are the assembly seats where campaigning ended and the 48-hour silence period started.

  • Dec 03, 2022 07:20 PM IST

    Brazil soccer legend Pele under palliative care amid cancer battle: Report

    Brazil soccer legend Pele under palliative care amid cancer battle, reports Reuters.

  • Dec 03, 2022 06:45 PM IST

    Navy to induct women in all branches from next year: Navy Chief

    “Come next year, we are looking at women officers being inducted across all branches and not just seven or eight branches that they are restricted to as of today. Next year onwards, all branches will be opened for women officers as well,” the Navy Chief said in a press conference.

  • Dec 03, 2022 06:12 PM IST

    4 killed, 3 injured as car falls into gorge in Uttarakhand’s Almora

    Four people including two women were killed when a car carrying members of a marriage party fell into a gorge in Uttarakhand’s Almora district on Saturday, PTI reports.

  • Dec 03, 2022 05:22 PM IST

    Iranian security body says 200 people lost lives in ongoing riots: Report

    Iranian security body says 200 people lost lives in recent riots, according to a report by Mizan news agency.

  • Dec 03, 2022 04:17 PM IST

    Delhi’s Court discharges Umar Khalid and Khalid Saifi in the Feb 2020 riot case

    Delhi’s Karkardooma Court discharges Umar Khalid and Khalid Saifi in a riot-related case in February 2020, reports ANI.

  • Dec 03, 2022 03:39 PM IST

    “Go to Bangladesh…,” Assam BJP MLA hits out at AIUDF’s Badruddin Ajmal on “Muslim formula”

    Assam Bharatiya Janata Party (BJP) MLA Diganta Kalita on Saturday lashed out at Badruddin Ajmal for his remarks suggesting that Hindus should adopt the “Muslim formula” for marriage and stated that All India United Democratic Front (AIUDF) chief Ajmal should go to Bangladesh, reports ANI.

  • Dec 03, 2022 02:57 PM IST

    Sidhu Moosewala’s murder accused Lawrence Bishnoi’s NIA remand extended by 4 days

    A Delhi court extends by four days the NIA remand of gangster Lawrence Bishnoi, in connection with the Sidhu Moosewala murder case, reports ANI.

    Bishnoi was produced before the court through video conference today at the end of his 10-day remand. NIA while seeking the remand of Lawrence Bishnoi stated that contract killing is happening in the neighbouring state of Rajasthan. Bishnoi’s involvement is also suspected in Raju Thet’s killing in Rajasthan.

  • Dec 03, 2022 02:11 PM IST

    AIUDF President & MP Badruddin Ajmal apologises for his statements on Friday

    AIUDF President & MP Badruddin Ajmal on Saturday said “If my words hurt anyone’s sentiments, I take back my words. I had no intention to hurt anyone’s sentiments. I only want that the govt should do justice to minorities & give them education & employment,” ANI reported.

  • Dec 03, 2022 12:58 PM IST

    BJP declares new unit for Punjab, Congress crossovers in the list

    The Bharatiya Janata Party has declared a new unit for Punjab, the party said Saturday.

  • Dec 03, 2022 12:51 PM IST

    US reveals world’s first sixth-generation aircraft B-21 bomber in California

    The United States has unveiled the B-21 Raider stealth bomber, the world’s first sixth-generation aircraft.

  • Dec 03, 2022 12:23 PM IST

    Bihar begins preparing for meetings of G20 ‘engagement groups’

    The Bihar government has begun preparations for the meetings of the G20 ‘engagement groups’, scheduled to be held in the state in March, reports PTI.

  • Dec 03, 2022 11:51 AM IST

    Leopard attack victims’ families to get 15 lakh compensation: Karnataka CM

    Karnataka Chief Minister Basavaraj Bommai on Saturday announced a compensation of 15 lakh for families of those killed in the attacks by leopards in the state.

  • Dec 03, 2022 11:18 AM IST

    In West Bengal, two killed in blast near venue of TMC’s Abhishek Banerjee’s rally

    At least two people were killed and several others injured in a blast near the venue of senior TMC leader Abhishek Banerjee’s scheduled rally in Bengal on Saturday.

  • Dec 03, 2022 10:50 AM IST

    Hyderabad: University professor taken into custody after student alleges molestation

    Cyberabad Police have taken a professor of University of Hyderabad into custody after a student alleged that he molested her, reports ANI.

  • Dec 03, 2022 10:29 AM IST

    Raids at residence of exec engineer caught taking 2 lakh bribe continue today

    Exec engineer in Building Construction Dept, Sanjeet Kumar caught by Vigilance Team while he was accepting 2 lakh bribe. Approx 1 cr cash recovered from his residence as raid also to continue today, reports ANI.

  • Dec 03, 2022 10:11 AM IST

    Beijing, Shenzhen sigh with relief as China eases Covid-19 curbs

    Beijing residents cheered the removal of COVID-19 testing booths while Shenzhen followed other cities in announcing it would no longer require commuters to present their test results to travel, Reuters reported.

  • Dec 03, 2022 09:51 AM IST

    Mohammed Shami ruled out of ODI series against Bangladesh due to injury

    Senior fast bowler Mohammed Shami has been ruled out of the ODI series against Bangladesh that is scheduled to start on Sunday, due to a hand injury, PTI reported citing BCCI sources.

  • Dec 03, 2022 08:57 AM IST

    Chhattisgarh Assembly clears two amendment bills on reservation

    Chhattisgarh has unanimously passed two bills related to reservation in government jobs and admission in educational institutions in proportion to population, taking the total quota in the state to 76 per cent.

  • Dec 03, 2022 08:28 AM IST

    Vande Bharat: WR to spend 264 crore to build fences along Mumbai-Ahmedabad route

    The Western Railway (WR) said it would install fences along the Mumbai-Ahmedabad route by May next year to stop animals from straying onto the tracks and getting run over by trains.

  • Dec 03, 2022 08:03 AM IST

    US names 4 militants in Afghanistan, Pakistan ‘terrorists’

    The United States has added four top Islamic militants operating in Afghanistan and Pakistan to its list of “global terrorists”.

  • Dec 03, 2022 07:42 AM IST

    IMF says it fully supports India’s G20 agenda

    The IMF “fully supports” the G20 agenda of India, which is planning to use the ongoing global crises as an opportunity to seek consensus on issues that require urgent attention, a senior official said.

  • Dec 03, 2022 07:09 AM IST

    Indian ambassador to US Taranjit S Sandhu hands over Padma Bhushan to Sundar Pichai

    Indian ambassador to US Taranjit S Sandhu handed over Padma Bhushan to Google CEO Sundar Pichai.

  • Dec 03, 2022 06:50 AM IST

    Macron holds ‘clear and honest’ talk with Elon Musk in New Orleans

    French President Emmanuel Macron on Friday said he had a “clear and honest” discussion with Twitter owner Elon Musk during an unannounced face-to-face meeting in New Orleans.

  • Dec 03, 2022 06:10 AM IST

    FTX’s LedgerX is up for sale as restructuring process picks up

    LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is up for sale.

  • Dec 03, 2022 05:51 AM IST

    G7 group agrees $60 per barrel price cap for Russian oil

    The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian oil, reported Reuters.

  • Ford EV certification program under fire in Connecticut

    Ford EV certification program under fire in Connecticut

    Sen. Richard Blumenthal, D-Conn., previously this 7 days explained he prepared to request the Federal Trade Fee, as properly as state authorities, to look into Ford Motor Co.’s electric car certification software above potential violations of franchise rules in what he labeled an “egregious procedure” of sellers.

    Blumenthal joined a bipartisan group of Connecticut state legislators in criticizing the strategies during a digital press meeting that also incorporated a major-ranking member of the Connecticut Automotive Stores Association. The lawmakers referred to as on Ford to yet again hold off a Dec. 2 deadline for dealers to opt-in to the method.

    “I am persuaded there is a scenario that requirements to be investigated in this article,” Blumenthal claimed, indicating the challenge was of “profound” public desire. “I just feel Ford is making a terrible miscalculation listed here if it persists in this technique.”

    Ford, in a statement, explained it would not extend the deadline.

    “The voluntary application empowers our sellers on when and how to enroll and we recognize that some dealers functioning in marketplaces with limited EV penetration could chose not to enroll in this spherical,” Ford spokesperson Marty Günsberg said in an emailed statement. “For these dealers, Ford is offering a second entry issue in 2025 as Ford’s EV generation scales promptly. We are assured that we will have adequate seller enrollments for this spherical to provide our buyers nationally.”

    Furthermore, Günsberg claimed Ford “does not consider the voluntary application violates Connecticut’s franchise laws.”

    The certification program, rolled out to sellers in September, would involve them to commit up to $1.2 million on chargers, staff education and new profits expectations to overhaul the retail encounter to be in a position to sell long term EVs. Dealers can opt for to spend $500,000 as an alternative but would be authorized to provide no additional than 25 EVs a 12 months.

    Ford has noted that the expense figures could fluctuate based on federal and condition incentives.

    Vendors who elect not to devote would be constrained to advertising only gasoline-driven styles and hybrids.

    Connecticut State Rep. Roland Lemar, a Democrat, claimed he was involved about the value, which is extra than what other models have questioned their networks to expend. He wishes the corporation to rework big pieces of the method.

    “They require to roll back this deal language and need to not, in any circumstance, maintain our dealers to a Dec. 2 deadline,” he claimed. “If they never, I can guarantee them … that there will be repercussions at each the condition and federal stage.”

    Sen. Heather Somers, R-Conn., explained she had “deep and grave problems” about the plan.

    “Ford is attempting in no magic formula indicates to undermine Connecticut’s franchise method,” she claimed. “The amount of financial commitment necessary for our community dealers is staggering.”