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☆ Ukraine's soldiers don't have time to grieve and can't risk falling apart, psychiatrist says after visiting front lines
▼ + stars: | 2024-07-14 | by ( Ella Sherman | ) www.businessinsider.com time to read: +6 min

"It layers on, these losses, these injuries, the ungrieved pain," Brockdorf told Business Insider. Ukrainian soldiers walk past a volunteer bus burning after a Russian drone hit it near Bakhmut. Ukrainian soldiers firing mortars from trench positions. Pierre Crom/Getty ImagesSome of Ukraine's soldiers have been serving on the front lines for long stretches as Ukraine grapples with manpower shortages. AdvertisementAnd, indeed, that damage can be lasting, which is why Brockdorf says it's important to be there for Ukrainian soldiers.

Persons: —, Yulia Brockdorf, Brockdorf, she's, DAWN, Shandyba Mykyta, Vladislav Matrenitsky, Matrenitsky, Pierre Crom, Mark Hertling, Ryan Pickrell Organizations: Service, Business, Mountain Assault, AP, Center, Psychotherapy, Ukrainian, Washington Post, US Army, CNN Locations: Ukraine, Russian, Bakhmut, Ukrainian, Europe, Kyiv

☆ German airline Lufthansa hikes ticket prices by up to $77 due to environmental costs
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

An Airbus A340-300 and an Airbus A 321-100 belonging to Lufthansa are parked on the airport apron. German airline firm Lufthansa Group said Tuesday that it would add an "environmental cost surcharge" to ticket prices as soon as this week, which could be as high as 72 euros ($77) for some flights. "The surcharge is intended to cover part of the steadily rising additional costs due to regulatory environmental requirements," Lufthansa said in a statement, pointing to regulations from the European Union and International Civil Aviation Organization. All flights sold or operated by Lufthansa Group, which owns airlines including Lufthansa, Eurowings, Swiss and Edelweiss Air and Austrian Airlines, will be subject to the charge. The fee will be applied to all tickets issued from June 26 — Wednesday this week — that are for flights departing from Jan. 1, 2025, Lufthansa said.

Organizations: Airbus, Lufthansa, Lufthansa Group, European Union and International Civil Aviation Organization, European Union, Eurowings, Edelweiss Air, Austrian Airlines Locations: Norway, Switzerland, Jan

☆ Russia is covering armored vehicles with elaborate anti-drone 'cope cages.' Video shows them getting hit anyway.
▼ + stars: | 2024-05-08 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Footage shared by a Ukrainian battalion appears to show exploding drones striking Russian 'cope cages.' Both Russia and Ukraine have used the cages as makeshift missile defenses on vehicles. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVideo released by a Ukrainian battalion appears to show drones getting through increasingly complex "cope cages" installed on Russian armored fighting vehicles, to devastating effect. In a video posted on Monday by the 8th Separate Mountain Assault Battalion — part of the famed "Edelweiss" brigade — heavily protected Russian vehicles are seen to be targeted and, it appears, destroyed by Ukrainian drones.

Persons: — Organizations: Service, Business Locations: Ukrainian, Russia, Ukraine

☆ A video appears to show a lone Ukrainian soldier fending off 10 Russian soldiers in close-quarter trench battle
▼ + stars: | 2024-02-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A video appears to show a single Ukrainian soldier fending of 10 Russians in a close-quarter trench battle. The video shows a Ukrainian soldier repeatedly emerging from a dugout to fire a machine gun and throw grenades at the Russian soldiers. The audio features an exasperated Russian commander issuing urgent orders to his men, telling them: "Go and kill this one bastard who's sitting there." the Russian commander says. In the final graphic drone shot, explosives are dropped on a Russian soldier who is torn to pieces.

Persons: —, WarTranslated, Dmitri Organizations: Service, Ukraine's, Battalion, Assault Brigade, Business, Edelweiss Locations: Ukrainian, Edelweiss, Russian, Russia, Avdiivka, Donetsk, Ukraine, United States

If there is a constant in the career of Kenny G, it’s found in his chase and appreciation for melodies. On Dec. 1, that hunt will result in “Innocence,” his latest album and a collection of lullabies — both familiar and new — arranged in an idiosyncratic Kenny G fashion. Political Cartoons View All 1274 ImagesThe title, “Innocence,” reflects the innocence of childhood, sure, but also the innocence of a lullaby — the sweet melodies we all share. Although Kenny G believes this album is “not just for kids.”On “Innocence,” next to familiar titles like “Rock-a-Bye Baby” and “Edelweiss” is a lesser-known cut from Polish composer Frédéric Chopin, “Nocturne Op. Asked if these songs will appear on his tour’s set list, Kenny G offers another joke: “I’m already accused of putting people to sleep with my music,” he says.

Persons: Kenny G, It’s, ”, “ It’s, it’s, Kenny, “ I’ve, I’ve, Frédéric Chopin, He’s, “ There’s, I’m Organizations: ANGELES, —, Associated Press

☆ Travel news: SWISS plane takes off with passengers but no luggage
▼ + stars: | 2023-09-16 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. AWOL at the airportA Swiss International Air Lines plane took off from Zurich this past weekend filled with passengers but without a single checked suitcase on board because of a lack of ground staff. “It was possible to deliver most of the luggage to Bilbao the following day,” a SWISS spokesperson told CNN, while the rest arrived on Monday. In happier news, a Delta passenger’s dog that went missing at Hartsfield-Jackson Atlanta International, the world’s busiest airport, has been found safe after three weeks. (And stay tuned for next week’s roundup where we’ll bring you a family twice this size hiking the Appalachian Trail).

Persons: ”, “, Santiago . Read, You’ll, vino, Christiane Amanpour, You’ve, “ Oppenheimer Organizations: CNN, Bilbao, International Air Lines, SWISS, Edelweiss Air, Air, Hartsfield, Jackson Atlanta International, Japan Airlines, Santiago, Five Sisters Locations: Atlanta, Zurich, “, Bilbao, SWISS, New Zealand, Amsterdam, California, Cambodia, Burkina Faso, Anadia, Odesa, Ukraine, Donetsk, Scotland, New York City, Italian, Florence

☆ What working in finance taught Radhika Gupta about life
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

From days, to seasons, and even to growing older – life is full of cycles. So too is the world of finance, according to Radhika Gupta, CEO of Edelweiss Asset Management. There are really big highs and really big lows," Gupta told CNBC's My Biggest Lessons. "It's important to just ride through the lows and keep going on," she explained. This is just one of Radhika Gupta's biggest lessons.

Persons: Radhika Gupta, Gupta, CNBC's, Radhika Gupta's Organizations: Edelweiss Asset Management

☆ Indian private credit funds rush to fill gap left by banks
▼ + stars: | 2023-08-08 | by ( Bhakti Tambe | ) www.reuters.com time to read: +2 min

MUMBAI, Aug 8 (Reuters) - A growing number of Indian alternative investment funds are expanding their private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies. Edelweiss Alternatives has invested 359 billion rupees in private credit and is looking to launch its next real estate credit fund. Vivriti Asset aims to add 15 billion rupees to the roughly 35 billion rupees it already manages in private credit, managing director Vineet Sukumar said. Private credit funds lend to these companies at 12%-18%, splitting transactions into tranches.

Persons: Lakshmi Iyer, Vineet Sukumar, Goswami Infratech, Amit Agarwal, Ankur Jain, Bhakti Tambe, Savio D'Souza Organizations: Advisors, Investments, Vivriti, Management, Edelweiss, Thomson Locations: MUMBAI, Asia, Edelweiss

☆ Video shows Ukraine shooting down an Su-25 war plane from miles away with a shoulder-mounted missile, officials say
▼ + stars: | 2023-06-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

A Ukrainian military video showed a soldier shooting down a Russian SU-25 jet. Su-25s are used to provide air support to Russian troops on the ground. "Today soldiers from the anti-aircraft missile division of the Edelweiss 10th Mountain Assault Brigade deployed an Igla anti-aircraft missile system to shoot down a Russian Su-25 [jet]," the unit said in a post, reported Ukrainska Pravda. The Su-25 is a Soviet era jet, designed to fly low and provide support to Russian troops on the ground. But this makes them vulnerable to strikes from anti-aircraft missiles fired by ground troops using shoulder-held launchers, reported The Economist.

Persons: —, Ukrainska, Ukraine's Organizations: Service, Mountain Assault Brigade, Assault Brigade, Kyiv Post Locations: Ukrainian, Russian, Russia, Edelweiss, Soviet, Ukraine, Kyiv

MUMBAI, June 27 (Reuters) - Goswami Infratech, a Shapoorji Pallonji group entity, closed India's largest debt issue from a low-rated company on Tuesday, signalling growing interest in high-yielding debt from local and global private credit funds, bankers and fund managers said. Goswami Infratech accepted bids worth 143 billion rupees ($1.74 billion), including from Edelweiss Special Opportunities Fund, Davidson Kempner, Ares Capital Management, Varde Partners and Cerberus Capital Management, the bankers said. "We are seeing money coming in from global asset managers, international development financial institutions and large pension funds in Indian private credit funds," said Vineet Sukumar, founder of Vivriti Asset Management, which also manages a private credit fund. Two recent changes in regulation have also provided a boost to private credit funds. The tweaks have led to more funds from high net worth individuals and family offices flowing into private credit funds, while elevated yields are further leading to attractive investment opportunities.

Persons: Goswami Infratech, Davidson Kempner, Sukumar, Ajay Manglunia, Saurabh Jhalaria, Karthik Athreya, Sundaram, Dharamraj Dhutia, Bhakti, Sohini Goswami Organizations: Edelweiss, Fund, Ares Capital Management, Varde Partners, Cerberus Capital Management, Deutsche Bank, Standard Chartered Bank, Ares, Vivriti Asset Management, JM Financial, EY, Asset Management, Thomson Locations: MUMBAI, India

☆ India likely to propose removing long-term tax benefits for debt mutual funds - source
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

As such, the tax rate applicable would be based on the income tax slab in which the investor falls. Currently, investors in debt funds pay income tax on capital gains according to the income tax slab for a holding period of three years. "Debt mutual funds had a favourable tax regime as compared to banks' fixed deposits and small savings," Amit Maheshwari, a tax partner at AKM Global said, adding now debt mutual funds will be taxed at par with other investments. "This could impact debt mutual funds investments in corporate bonds." Mutual funds provided liquidity to debt investors, and the move is counter-productive to efforts for deepening bond markets in India, said Edelweiss' Gupta.

☆ The Indian market has become 'more robust,' says asset management firm
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Indian market has become 'more robust,' says asset management firmRadhika Gupta of Edelweiss Asset Management says although a single incident can cause temporary volatility in the market, the Adani crisis did not cause a "sustained impact" on global or domestic confidence.

☆ Indian jeweller Joyalukkas withdraws $278 mln IPO
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Feb 21 (Reuters) - Indian jeweller Joyalukkas has withdrawn its 23 billion rupee ($277.95 million) initial public offering (IPO), a document on the market regulator's website showed on Tuesday. Joyalukkas did not immediately respond to Reuters' request for comment. The jeweller, based in the southern Indian state of Kerala, operates showrooms across roughly 68 cities and is one of the biggest jewellery retailers in the country. The IPO's book runners Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd, Haitong Securities India, and SBI Capital Markets Ltd also did not immediately respond to a request for comment. ($1 = 82.7620 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon's drone delivery unit hit with layoffs just as 10-year-old project finally launches
▼ + stars: | 2023-01-20 | by ( Annie Palmer | ) www.cnbc.com time to read: +12 min

Two employees said Carbon, who replaced Prime Air co-founder Gur Kimchi, was hired to turn Prime Air into a real business with a sensible budget. Sources with knowledge of Prime Air said cuts in the drone delivery business were expected considering the division's many struggles. Monica Williams, a College Station resident, poses with a Prime Air drone at a community event in July. College Station residents also expressed concern about the prospect of drones harming the deer, foxes and birds that are native to the area. "As we continue to expand, we will update you when drone delivery is available for your household."

☆ India New Issue IIFL Finance to raise funds via public issue
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Jan 2 (Reuters) - India's IIFL Finance (IIFL.NS) plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18. Equirus Capital, Edelweiss, Trust Investment Advisors, IIFL Securities are the lead managers for the bond issue, which is rated AA by CRISIL and ICRA. Fundraising through public issues is expected to see an uptick in 2023 as retail investors bet on attractive interest rates and companies look to diversify their funding portfolio under tightening liquidity conditions. ($1 = 82.6600 Indian rupees)Reporting by Bhakti Tambe; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

☆ India's Edelweiss acquires L&T-CPPIB infrastructure project for $725 million
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Dec 17 (Reuters) - Canadian pension fund CPP Investments Board and construction firm Larsen and Toubro (LART.NS) said they have sold the entire stake in their joint venture to Indian investment firm Edelweiss for 60 billion Indian rupees ($725.46 million)The joint venture called L&T Infrastructure Development Projects Limited owned eight roads and one power transmission asset in India. The deal is subject to regulatory approval and other conditions but will give Edelweiss' platform 26 assets with a mix of power transmission, substations and highway assets across India"These assets have a proven track record of operations, are geographically dispersed and have long residual life, which is consistent with our investment strategy," said Sreekumar Chatra, Managing Director at Edelweiss' Infrastructure Yield Strategy. CPP Investments first invested in the joint venture in 2014, in what was the first direct private investment by a Canadian pension fund in an Indian infrastructure company, and later acquired a majority stake of 51% in 2019($1 = 82.7060 Indian rupees)Reporting by M. Sriram; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

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