Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

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China moves up date for lifting some restrictions on foreign investment to 2020

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

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Skip the Super-Flexible Yoga Instructor, Instead, Try Six Weeks of Introductory Moves

Plagued by stiff or painful joints as we age, some of us consider yoga. We sign up for a “gentle” yoga class but find ourselves pushing too hard to keep up, feeling inadequate, becoming more rigid instead of more relaxed. So we try a yoga video, which we can do alone at home. But there’s still that incredibly flexible teacher on the screen, effortlessly making us feel tense and clumsy. In contrast, there’s something soothingly achievable about “Relax into Yoga for Seniors: A Six-Week Program for Strength, Balance, Flexibility and…

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