Bombay Dyeing & Manufacturing Company Limited (BDMCL) shares flared up on the BSE on Thursday, hitting an intraday high of Rs 54.40 before closing at Rs 53.85, a gain of 5.80 percent. In the past four trading sessions this year, the stock has appreciated about 13 percent.BDMCL is in the news for its revival plans that are expected to bring the loss-making company back in black in the next few years.As part of its efforts to exit non-core activities, the company sold land on December 31, 2016 for ~ Rs 185 crore in Maharashtra, including a flat in Mumbai’s Prabhadevi area for Rs 9.4 crore. The other sale effected was “MIDC Land & Building and some specific utility machinery of Ranjangaon unit” for Rs 174.45 crore, the company said in regulatory filing on January 1, 2017.”What Bombay Dyeing aims to do now is to revive the loss making flagship textile business by investing in the brand, expanding store network, growing product portfolio and liaising with international designers. Manufacturing will be outsourced,” brokerage Dynamic Levels said in an update a few days ago.”From now till 2020, the Wadia group owned company plans to invest over Rs 100 crore in the brand, double its multibrand outlets to 10,000, more than double its franchise stores to 500 and commence three to four new products every year,” Dynamic Levels added.For the quarter ended September 2016, the company incurred standalone loss of Rs 71 crore on sales of Rs 430 crore. In 2015-16, the company posted loss of Rs 84 crore on total sales of Rs 1,804 crore. The company’s chairman is Nusli Wadia, who was in the news recently in the context of the ongoing corporate battle saga within the Tata Group.
Rupa KhatunA Tangail court has directed the authorities concerned to exhume Rupa Khatun’s body and hand over the corpse to the victim’s family.The victim, Rupa Khatun, 27, an employee of Unilever Bangladesh Limited, was killed after a gang rape on a running bus on her way to home in Mymensingh from Bogra on Friday night. The rapists abandoned her body at Tangail’s Madhupur forest area. Police recovered the body around 11:00pm in the night and buried it in Tangail’s central graveyard as an unidentified one on Saturday morning.Senior judicial magistrate Golam Kibria of the court handed down the exhumation order following an appeal filed by the victim’s family members.Modhupur police station officer-in-charge Shafiqul Islam said victim Rupa’s brother on Wednesday appealed to the police to bring the body of his sister back. Later, the police submitted the appeal before the court on Thursday morning.The OC also said the district magistrate then directed the district’s judicial magistrate to hand over the body to the victim’s family.Tangail Sadar upazila’s executive magistrate Abdur Rahim Shujan said Rupa’s body will be exhumed from the Tangail graveyard today (Thursday).Meanwhile, the police have arrested five people from Mymensingh over the killing of the master’s student of Bogra Azizul Haque on a bus at Tangail’s Madhupur upazila.
Two Muslim men were beaten to death by stick-wielding Indian villagers who suspected them of stealing cows, police said Monday, the latest such attack over the animal Hindus consider sacred.Police in northeastern Assam state’s Nagaon district said they had registered a murder case over the deaths of Abu Hanifa and Riyazuddin Ali on Sunday. Two suspects have been detained for questioning.”They were chased and beaten with sticks by villagers who said the two boys were trying to steal cows from their grazing field,” Debaraj Upadhyay, Nagaon’s top cop, told AFP by telephone.”By the time we took them to the hospital at night they had succumbed to their injuries,” he added.Footage shot by local onlookers and aired by Indian broadcasters Monday showed the two badly beaten victims cowering with their hands tied as villagers surrounded them.The incident comes amidst a wave of rising tensions over the killing and smuggling of cows in Hindu-majority India, where the animal is considered sacred and its slaughter is a punishable offence in many states.There have been a spate of attacks in recent months by ‘cow protection’ vigilante groups, who roam highways inspecting livestock trucks for any trace of the animal.Last month a Muslim man was beaten to death by a mob in Rajasthan state after they discovered cows in his truck. The man was a dairy farmer transporting milk cows.In both that incident and Sunday’s mob beating police were accused of failing to act quickly enough to protect the victims.In the Rajasthan attack, in which 200 vigilantes set upon trucks transport cattle along a highway, police first arrested 11 of those beaten for alleged permit violations instead of rounding up the perpetrators.Upadhyay rejected suggestions that police had reacted too slowly to Sunday’s incident, saying his officers rescued the pair and rushed them to a hospital, where they later died.He also dismissed speculation that a vigilante group or association was involved in the attack.Critics say vigilantes have been emboldened by the election in 2014 of prime minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party.Last year Modi criticised the cow protection vigilantes and urged a crackdown against groups using religion as a cover for committing crimes.At least 10 Muslim men have been killed in similar incidents across the country by Hindu mobs on suspicion of eating beef or smuggling cows in the last two years.Most Indian states have banned cow slaughter and imposed heavy penalties and jail terms on offenders, while the transportation of cattle across state lines is also barred in several jurisdictions.In a renewed effort to protect against cow smuggling, the government plans to issue millions of cows with unique identification numbers linked to a national database.
Pope poses with Aung San Suu Kyi during a meeting at the presidential residence in Naypyidaw on 28 November 2017. Photo: ReutersPope Francis on Tuesday urged the leaders of majority-Buddhist Myanmar, mired in a crisis over the fate of Muslim Rohingya people, to commit themselves to justice, human rights and respect for “each ethnic group and its identity”.The pope avoided a diplomatic backlash by not using the highly charged term “Rohingya” in his addresses to officials, including leader Aung San Suu Kyi.However, his words were applicable to members of the beleaguered minority, who Myanmar does not recognise as citizens or as members of a distinct ethnic group.More than 620,000 Rohingya have fled to Bangladesh – where the pope heads on Thursday – since the end of August, escaping from a military crackdown that Washington has said included “horrendous atrocities” aimed at “ethnic cleansing”.Francis made his comments in Naypyitaw, the country’s capital, where he was received by Suu Kyi, the Nobel peace laureate and champion of democracy who has faced international criticism for expressing doubts about the reports of rights abuses against the Rohingya and failing to condemn the military.”The future of Myanmar must be peace, a peace based on respect for the dignity and rights of each member of society, respect for each ethnic group and its identity, respect for the rule of law, and respect for a democratic order that enables each individual and every group – none excluded – to offer its legitimate contribution to the common good,” he said.Myanmar rejects the term “Rohingya” and its use, with most people instead referring to the Muslim minority in Rakhine state as illegal migrants from neighbouring Bangladesh.The pope had used the word Rohingya in two appeals from the Vatican this year.But before the diplomatically risky trip, the pope’s own advisers recommended that he not use it in Myanmar, lest he set off a diplomatic incident that could turn the country’s military and government against minority Christians.Human rights groups such as Amnesty International, which has accused the army of “crimes against humanity”, had urged him to utter it.A hardline group of Buddhist monks warned on Monday – without elaborating – that there would be “a response” if he spoke openly about the Rohingya.RELIGIOUS DIFFERENCES “A FORCE FOR UNITY”Richard Horsey, a former U.N. official and analyst based in Yangon, said the pope’s speech was “very cautiously worded” and “crafted to avoid antagonising local audiences”.”He has clearly taken the advice of his cardinals to avoid weighing in too heavily on the Rohingya crisis, but he certainly alludes to it with a message in his speech on some of the specific points that he makes,” Horsey said.Vatican sources say some in the Holy See believe the trip was decided too hastily after full diplomatic ties were established in May during a visit by Suu Kyi.The pope met privately with Suu Kyi at the presidential palace in this sparsely populated town that became the capital in 2006, and then they both made public addresses at a conference centre.Suu Kyi said in her speech that there had been an erosion of trust and understanding between communities of Rakhine state, but did not refer to the Rohingya.Francis, speaking in Italian, said that as it emerged from nearly 50 years of military rule, Myanmar needed to heal the wounds of the past.He called for a “just, reconciled and inclusive social order”, adding that “the arduous process of peacebuilding and national reconciliation can only advance through a commitment to justice and respect for human rights”.Myanmar’s army, whose leaders the pope met on Monday, has been battling various autonomy-seeking ethnic minority guerrillas for decades.The military has denied the accusations of murder, rape, torture and forced displacement of the Rohingya that have been made against it.The Rohingya exodus from Rakhine state began after Aug. 25, when Rohingya militants attacked security posts and the Myanmar army launched a counter-offensive.Referring to the country’s communal tensions, Francis said religious differences “need not be a source of division and distrust, but rather a force for unity, forgiveness, tolerance and wise nation-building”.He made the same point at an earlier meeting with leaders of the Buddhist, Islamic, Hindu, Jewish and Christian faiths in Yangon, where he called for “unity in diversity”.Aye Lwin, a prominent Muslim leader who was at the interfaith meeting, told Reuters he had asked the pope to appeal to Myanmar’s political leaders “to rescue the religion that we cherish, which could be hijacked by a hidden agenda”.Only about 700,000 of Myanmar’s 51 million people are Roman Catholic. Thousands of them have travelled from far and wide to see him and more than 150,000 people have registered for a mass that Francis will say in Yangon on Wednesday.Francis is expected to meet a group of Rohingya refugees in Dhaka, the capital of Bangladesh, on the second leg of his trip.
Share Scott Olson/Getty Images/Via NPRHarley-Davidson motorcycle engines are assembled at the company’s plant in Menomonee Falls, Wis. Tariffs from the European Union are prompting the company to shift production of some motorcycles for the European market overseas.Harley-Davidson says it plans to move production of motorcycles it sells in Europe overseas in response to growing trade friction between the United States and Europe.European officials last week imposed stiff tariffs on a wide range of U.S.-made goods sold within the European Union. The response came to President Trump’s recent decision to slap tariffs on European imports.In a Securities and Exchange Commission filing Monday, Harley-Davidson said the tariffs imposed by the EU “would have an immediate and lasting detrimental impact to its business in the region.”The company reported $5.65 billion in revenues last year and Europe is its largest overseas market, with almost 40,000 customers buying motorcycles there in 2017.The European tariffs have jumped from 6 percent to 31 percent, the company said. That increase will add on average $2,200 to the cost of each motorcycle sold in the EU, and would cost the company $90 million to $100 million a year, the filing said.“Increasing international production to alleviate the EU tariff burden is not the company’s preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe,” the filing said.The company did not say where production would be shifted, or how many jobs might be affected, but said the move would take nine to 18 months to complete.It also did not say which U.S. factories would be affected. The company’s U.S. factories are in York, Pa.; Kansas City, Mo., and Menomonee Falls, Wis. It also has manufacturing operations in Australia, Brazil, India and Thailand.Copyright 2018 NPR. To see more, visit http://www.npr.org/.