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President Bola Tinubu's minister of foreign affairs for state, Bianca Ojukwu, has expressed confidence that the government would soon release Nnamdi Kanu Ojukwu maintained that President Tinubu understood the importance of releasing Kanu in identifying the real freedom fighters and those causing violence in the southeast The minister made the comment at the 13th memorial anniversary of her late husband, Dim Chukwuemeka Odumegwu Ojukwu CHECK OUT: Education is Your Right! Don’t Let Social Norms Hold You Back. Learn Online with LEGIT. Enroll Now! Bianca Ojukwu, Nigeria's Minister of Foreign Affairs (State), has expressed her optimism that President Bola Tinubu will release Nnamdi Kanu, the leader of the proscribed Indigenous People of Biafra (IPOB). According to Ojukwu, the release of Kanu has become imperative to identify those who are true freedom fighters and those who have been causing mayhem in the Southeast. Ojukwu made these remarks during the 13th memorial anniversary of her late husband, Dim Chukwuemeka Odumegwu Ojukwu. She emphasized that the reign of terror in the Southeast must stop and that the people must collectively reclaim their land. Ojukwu lamented that many people have fled their homes, and those in the diaspora are afraid to return for fear of being kidnapped by their own people for ransom. Read also Seyi Tinubu or Obasa: Who will be next Lagos governor? Why Tinubu will release Nnamdi Kanu - Ojukwu Vanguard reported that the Minister also noted that President Tinubu understands the importance of Kanu's release to the Southeast. She stated that his release would help to identify those criminals who are hiding under IPOB to cause violence in the Southeast while masquerading as freedom fighters. Ojukwu's comments have sparked a debate on social media, with some people expressing support for her views, while others have criticized her for being too optimistic about Kanu's release. Some have also questioned whether President Tinubu has the political will to release Kanu, given the sensitive nature of the issue. Despite the controversy surrounding Kanu's detention, Ojukwu remains hopeful that he will be released soon. She has urged the people of the Southeast to continue propagating the ideals for which her late husband stood and to work towards reclaiming their land from those who have been causing violence and instability in the region. Read also Presidency fumes as Bishop Kukah mentions Tinubu, 1 other Nigerian in power by accident PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! Source: Legit.ng
₹15.4 lakh plus taxes. That will earn you the privilege of ringing in the New Year while ensconced in the Maharaja suite of The Leela Palace Udaipur . For that price, the hotel will throw in a "gala" dinner and breakfast for two, two-way luxury airport transfers, and temple rituals at the 165-year-old Omkareshwar Temple, including the mangala aarti and the sandhya aarti. For those who aren't that keen on all the royal trimmings-the starting package rate for a base category room at the hotel for December 31 is ₹1.21 lakh plus taxes. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping At the hotel chain's Delhi property, the package rate for December 31 for the presidential suite is ₹10.13 lakh. This comes with a late checkout. Guests in luxury suites with balcony and above categories get a complimentary massage. The Leela Palaces, Hotels and Resorts said that while it has a balanced mix of domestic and international guests at Udaipur, Indians account for three-fourths of bookings in Delhi. "Reduced travel demand from markets such as the US and the Middle East has been offset by a rapid increase in domestic demand," the chain said in a statement. Luxury hotel rates for New Year's Eve are soaring in some markets despite a growth in outbound international travel this year. Rajasthan is leading the tariff surge, beating Goa and Kerala at the upper end. "This year, we are clocking the highest revenue and average room rates since the last two decades during the Christmas and new year period," said Ashok Singh Rathore, area director, operations for Rajasthan at IHCL and the general manager of Rambagh Palace in Jaipur. "In Rajasthan, our most expensive property around the year-end season is The Rambagh Palace as the average rate is around ₹1.25 lakh. This does not include breakfast and other meals." The Tata Group's Indian Hotels (IHCL) runs the Taj Group of hotels. 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View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Rajat Gera, commercial director at Six Senses Fort Barwara in Rajasthan, said the property's Raja Man Singh suite is priced at ₹7.2 lakh per night plus taxes with breakfast for December 31. "₹1.02 lakh plus taxes is a per-night rate with breakfast for the starting category suite," he said. "The gala dinner is an additional $305 per adult for December 31. This is our highest rate-35-40% of our guests are international travelers, while the remaining 60-65% are from the domestic market." According to Booking.com, Oberoi Amarvilas in Agra is sold out for December 31, but a premier room with Taj Mahal view is available from December 30-31 for ₹1.18 lakh, including taxes. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )[Issue in Focus] Gyeonggi Provincial Office of Education Opens UNESCO International Forum on the Future of Education – Pioneering a New Path in Educational Transformation
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Diesel instead of hydrogen in the Taunus – trains too prone to failure Since its launch, hydrogen technology has caused problems in rail traffic in the Taunus region. Now trains with diesel engines are temporarily being used again on one route. As a consequence of the problems with hydrogen trains in the Taunus, the Rhein-Main Transport Association (RMV) is temporarily using trains with diesel engines again on one route. In January, a total of 16 diesel-powered trains will gradually replace the hydrogen trains between Bad Homburg and Brandoberndorf (line RB15), the RMV announced. An emergency timetable is currently in effect on the route, and passengers sometimes have to change to replacement buses. The diesel replacement vehicles will gradually take over journeys in January and are rented until the end of next year. The fact that there is a replacement for the failure-prone hydrogen trains from the manufacturer Alstom is the result of months of effort. Alstom will bear the costs. The launch of the world’s largest fleet with the environmentally friendly technology in the Taunus network was planned for December 2022. But there were problems right from the start. The provision of the trains was delayed, then their operation proved unreliable. However, hydrogen trains are still running in the Taunus: on the RB12 Königstein–Frankfurt. Between Friedberg and Friedrichsdorf (RB 16), however, diesel trains are already running as a replacement. When the diesel vehicles are then in use on the RB15, manufacturer Alstom will carry out a general overhaul of the fault-prone technical components of the hydrogen trains. The aim is “to ensure permanently reliable operation in the Taunus network beyond 2025,” explained the RMV. RMV supervisory board chairman Ulrich Krebs, district administrator of the Hochtaunus district, explained that the diesel trains would ensure a reliable range of journeys. However, the drive has no long-term future. “It is all the more regrettable that Alstom has done a disservice to trust in new types of drive with the two-year series of breakdowns,” added the CDU politician. Reliable operation on the route was finally achieved in the summer, but then there were technical problems again in late summer, explained RMV managing director Knut Ringat. Alstom has now taken measures to ensure that there are sufficient hydrogen trains available for the emergency timetable. Production of important spare parts has been ramped up and workshop staff are working additional shifts. “Alstom must make intensive use of the coming year to finally get the fleet fit and reliable in the long term,” demanded Ringat. Passenger information is also to be improved. To this end, ten displays have been purchased for six stations on the RB15 line, the RMV announced. READ the latest news shaping the hydrogen market at Diesel instead of hydrogen in the Taunus – trains too prone to failure, Centrica Says Hydrogen Can Reduce Household Bills by £35 a Year (Bloomberg) — Centrica Plc said hydrogen storage can help cut UK electricity bills, even as the economic viability of the technology is questioned... Omega Seiki Mobility to Launch Hydrogen-Powered Three-Wheelers in India by 2024 A New Era in Sustainable Transport Omega Seiki Mobility (OSM) is setting the stage for a breakthrough in India’s commercial vehicle segment... Liquid Wind raises €44 million in Series C financing with Uniper, HYCAP and Samsung Ventures to meet increasing demand for low-carbon fuels The €44 million ($47m USD) raise is one of the largest funding rounds in Europe...
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AUTODESK, INC. ANNOUNCES FISCAL 2025 THIRD QUARTER RESULTS
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BERWYN, Pa. , Nov. 26, 2024 /PRNewswire/ -- Envestnet, Inc. (the " Company "), yesterday announced that, pursuant to that certain Agreement and Plan of Merger, dated as of July 11, 2024 , by and among the Company, BCPE Pequod Buyer, Inc. (" Parent "), a Delaware corporation, and BCPE Pequod Merger Sub, Inc. (" Merger Sub "), a Delaware corporation and a wholly owned subsidiary of Parent (the "Merger Agreement"), Merger Sub merged with and into the Company (the " Merger "), with the Company continuing as the surviving corporation. At the effective time of the Merger, each share of common stock, par value $0.005 per share, of the Company (the " Common Shares ") (other than any Common Shares (i) owned by Parent (or any of its affiliates), Merger Sub or the Company or any direct or indirect wholly owned subsidiaries of Parent (or any of its affiliates), Merger Sub or the Company, (ii) that are Rollover Shares (as defined in the Merger Agreement), (iii) held in treasury of the Company, and (iv) as to which appraisal rights have been properly exercised in accordance with Delaware law) was automatically cancelled, extinguished and converted into the right to receive $63.15 in cash per one Common Share. As a result, a Share Exchange Event and a Make-Whole Fundamental Change occurred under each of the Indenture, dated as of August 20, 2020 , among the Company, the guarantor party thereto and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the " Trustee "), which governs the Company's 0.75% Convertible Notes due 2025 (the " 2025 Notes ") (such indenture, the " 2025 Indenture ") and the Indenture, dated of November 17, 2022 , among the Company, the guarantor party thereto and the Trustee, which governs the Company's 2.625% Convertible Notes due 2027 (the " 2027 Notes ", and together with the 2025 Notes, collectively and individually, the " Notes ") (such indenture, the " 2027 Indenture ", and together with the 2025 Indenture, collectively, the " Indentures ", and each, an " Indenture ", as applicable), triggering the adjustments to the conversion rights as described below. The effective date of the Share Exchange Event and Make-Whole Fundamental Change was November 25, 2024 (the " Effective Date "). Capitalized terms used and not defined herein have the meanings ascribed to them in the applicable Indenture. The Company announced that, pursuant to the terms of the respective Indenture, in connection with the consummation of the Merger which constitutes a Share Exchange Event under each Indenture, the Company and the Trustee entered into supplemental indentures to each Indenture providing that, following the effective date of the Merger, the right to convert each $1,000 principal amount of Notes into shares of common stock of the Company at the then applicable conversion rate shall be changed into a right to convert such principal amount of Notes solely into a number of units of Reference Property in an aggregate amount equal to the applicable conversion rate in effect on the conversion date (as may be increased by any Additional Shares), multiplied by $63.15 , the price paid per share of Common Stock in the Merger. Because the Merger constituted a Make-Whole Fundamental Change, the Notes are convertible, at the option of the Holder, at any time from the Effective Date until 5:00 p.m. , New York City time, on the business day immediately preceding the Fundamental Change Purchase Date to be determined by the Company and separately announced to the Holders in accordance with the terms of the Indentures as a result of the Merger (the " Conversion Period "). Also because the Merger constituted a Make-Whole Fundamental Change, the conversion rate for the 2027 Notes will be temporarily increased during the Conversion Period. Such conversion rate per $1,000 principal amount of the 2027 Notes increased by 3.2973 units of Reference Property from 13.6304 units of Reference Property to 16.9277 units of Reference Property. The Company's conversion obligation with respect to Notes that are converted prior to the end of the Conversion Period will be fixed at an amount in cash equal to $591.602 per $1,000 principal amount of the 2025 Notes validly surrendered for conversion, and $1,068.984 per $1,000 principal amount of the 2027 Notes validly surrendered for conversion. The right of the Holders to convert their Notes is separate from the right, at the Holder's option, to submit their Notes for purchase upon a Fundamental Change. If a Holder submits a Fundamental Change Purchase Notice, such Holder may not surrender such Notes for conversion unless the Holder validly withdraws such Fundamental Change Purchase Notice prior to the Fundamental Change Expiration Time. Holders should review the applicable Indenture carefully and should consult with their own financial and tax advisors. None of the Company, Merger Sub, Parent or any of their respective affiliates, or any of its or their respective boards of directors, employees, advisors or representatives or U.S. Bank Trust Company, National Association, in its capacity as trustee, paying agent or conversion agent with respect to the Notes, is making any representation or recommendation to any Holder as to whether or not to surrender or convert that Holder's Notes. The Trustee, Paying Agent and Conversion Agent is: U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 Telephone: (800) 934-6802 Email: cts.specfinance@usbank.com Any questions or requests for assistance in connection with the conversion of the Notes may be directed to U.S. Bank Trust Company, National Association, in accordance with the contact information listed above, or the Company. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by industry-leading service and support. Serving the wealth management industry for 25 years with more than $6.5 trillion in platform assets—more than 111,000 advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs -- thousands of companies, depend on Envestnet technology and services to help drive business growth and productivity, and better outcomes for their clients. Data as of 9/30/24. View original content to download multimedia: https://www.prnewswire.com/news-releases/envestnet-inc-announces-make-whole-fundamental-change-and-supplemental-indentures-under-its-0-75-convertible-notes-due-2025-and-2-625-convertible-notes-due-2027--302317032.html SOURCE Envestnet, Inc.