Bharti Airtel set for shake up

first_img Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Bharti Airtel restructures to sharpen digital focus Bharti Airtel scheduled a board meeting for this week to discuss future strategic plans and outline a reorganisation of shares of its subsidiaries.In a stock exchange filing, the operator said its board would meet on 17 February. The reorganisation of its shareholding framework of subsidiary companies could involve consolidation or acquisition of shares, which would be financed by issuing equity shares or from cash.It did not provide details on which subsidiaries it could be targeting.Bharti Airtel’s board approved an INR75 billion ($1 billion) fundraising move earlier this month, involving issuing securities including bonds, as it builds a war chest for spectrum auctions due to begin in March, as well as the long-awaited rollout of 5G service.The operator reported a return to profitability in its most recent quarter, with net income of INR8.5 billion driven by mobile revenue growth and uptake of data plans. Subscribe to our daily newsletter Back Related Kavit Majithia HomeAsiaNews Bharti Airtel set for shake up Previous ArticleFresh funds sought by Vodafone IdeaNext ArticleFormer Vodafone chief Colao leads Italy digitalisation Asia center_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 15 FEB 2021 Bharti Airtel makes enterprise IoT play Author Airtel returns to profit Tags Bharti-Airtellast_img read more

Nonjudicial foreclosure bill appears dead

first_imgNonjudicial foreclosure bill appears dead May 1, 2010 Senior Editor Regular News Nonjudicial foreclosure bill appears dead Gary Blankenship Senior EditorBills that would allow banks to bypass the courts with a nonjudicial foreclosure process appear unlikely to clear the Florida Legislature this year.The bills suffered double setbacks in House and Senate committee hearings last month. The legislation is opposed by the Bar’s Real Property, Probate and Trust Law Section, which raised many procedural and due process questions.The first setback for the bill came on April 12, when the House Criminal and Civil Justice Policy Council failed to consider HB 1523, sponsored by Rep. Tom Grady, R-Naples. It had cleared two other House committees, and the policy council was the last stop before sending the bill to the full House.The committee was not scheduled to meet again before the end of the session.That left only two rarely used methods to get the bill before the lower chamber. One would be for the House speaker to withdraw the bill from the policy council and send it to legislators. The other would be for the Senate to pass its bill and send it to the House for approval.But that latter possibility became more unlikely on April 13 when the Senate Banking and Insurance Committee failed to consider SB 2270, sponsored by Sen. Mike Bennett, R-Bradenton, and the counterpart to HB 1523. The Banking and Insurance Committee had scheduled one more meeting the following week, but that was canceled.However, even if the bill passed there, it still has two more committees, Judiciary and Commerce, to clear before reaching the Senate floor.Pete Dunbar, legislative consultant for RPPTL, said it “would be my best guess” that the bills are dead. In the House, he said the speaker could withdraw the bill. But in the Senate, since the bill never cleared any committee, it would take a unanimous vote to bring the bill to the floor.The bills allow banks to foreclose from 120 days to one year after the initial notice to property owners. Property owners would have to go to court to stop the nonjudicial foreclosures, something critics said many would either not realize until too late or would be unable to afford since filing fees for foreclosures go as high at $1,900.Dunbar and Jerry Aron, a former RPPTL chair who is spearheading work on the issue for the section, said the bills, especially the House version, were problematic in many ways.“The section’s position is we are against nonjudicial foreclosure to the extent they don’t protect people’s property rights and due process rights,” Aron said. “And we’re zealous in protecting those rights.”They listed several problems, starting with due process.“When you think about basic due process, first you have the opportunity to be notified about the action taken; two, you have an opportunity in an independent forum; and three, if there is harm caused because the facts are wrong or the claims are wrong, you have an opportunity for those to be corrected,” Dunbar said. “None of those are in the House bill.”He and Aron noted that the House bill requires only that the bank send a letter or e-mail — with no proof it was received — to satisfy notice requirements. That was changed in the House bill for the initial default notice to require proof, but not on the notice that foreclosure was beginning, Dunbar said.Further, instead of an independent trustee or mediator, the bank can designate any employee to deal with the property owner, and only a telephone meeting is required. And if there is a mistake, as has been documented in some recent cases where lenders mistakenly sought to foreclose on the wrong homes, the homeowner should not be faced with paying a filing fee or hiring a lawyer to correct the bank’s mistakes, even if those expenses are eventually reimbursed.“When a process like this, which ultimately has the potential of taking someone’s property, is 100 percent overseen by such an interested party — like the lender — it’s considerably more likely that the process. . . and the qualifications of the person conducting the process are less than ideal,” Aron said. “It seems a little unusual to turn the entire process over to the lenders when the lenders are partially responsible for the current clogging of the courts.”He also said there’s a constitutional question of whether the law would meet Florida’s due process requirements.Aside from those questions, Dunbar and Aron said the bills would not affect the backlog of foreclosures in Florida’s courts. Dunbar said that federal requirements in Fannie Mae and Freddie Mac loans — which underwrite perhaps 80 percent of Florida’s mortgages — require judicial foreclosures.They also said there could be unforeseen consequences, including that title companies are doubtful about insuring titles for anyone who bought a property that went through a nonjudicial foreclosure.Nor, Dunbar said, is the House bill clear about what would happen to long-term renters of a foreclosed property or with underlying mineral rights. There could also be problems with deficiency foreclosures, which occur when a homeowner fails to maintain a property or make repairs, and can happen even if the homeowner is current on payments.After four hurricanes hit the state in 2004, Dunbar said 1.7 million homeowners filed insurance claims, but because of a lack of adjusters, it took several months for claims to get settled, leaving those owners open to deficiency foreclosures. Likewise, he said sometimes in condominiums, it’s the condominium association that’s responsible for repairs, not the unit owner. But the association can drag its feet, leaving the owner vulnerable.Aron and Dunbar agreed with supporters of the bills that other states do have non-judicial foreclosures. But they said there are differences. Those states typically have trustees acting as neutral third parties. Plus, Aron said, Florida has legal differences.“Florida, in most respects, is very different. We are what’s called a lien theory state [where the property owner holds the title] as opposed to a title theory state [where the mortgage lender holds the property title until the loan is paid off],” he said. “We have a state constitution that protects access to the courts, due process, and property rights. And that combination of four elements makes us unique and different. It’s a major, major change in Florida to move to nonjudicial foreclosures.”Despite their criticisms of the bills, Aron and Dunbar said they are not unsympathetic to the problems of bankers.“The truth of the matter is these are borrowers who haven’t paid, and the lenders do need some relief when it comes to frivolous defenses that are being filed — and on abandoned property,” Aron said. “They are entitled to relief, and the section has worked with the bankers on proposed legislation to assist the bankers in those areas.”last_img read more

Virtual reality makes its best users the most queasy

first_imgEmail Share on Facebook LinkedIn Pinterest In a twist of virtual fate, people with the best 3-D vision are also the people most likely to suffer from motion sickness while using virtual reality displays.Researchers at the University of Wisconsin-Madison demonstrated this irony by playing motion-heavy videos for study participants through the Oculus Rift — a 3-D virtual reality headset worn like a pair of goggles.Nearly two-thirds of the study subjects quit watching the videos early, overcome by nausea in the virtual environment for much the same reason discomfort catches up to people in real-world situations.center_img Share Motion sickness is the product of mismatched sensory information.“The classic example is reading in a car,” says Shawn Green, UW-Madison psychology professor. “Lots of people can’t read in a car because if you have a newspaper in front of you, your visual system says you’re still.”But you’re not still. While the newspaper may not be moving, the car speeds up and slows down, turns corners and climbs hills. All this movement registers in the vestibular system, a series of organs in the ear that aid balance by telling us which way is up.“In the car, those balance cues say you’re accelerating, and that’s a big mismatch with your eyes on the still newspaper,” Green says. “That mismatch makes you nauseous.”Oculus produces that mismatch in reverse, according to Bas Rokers, UW-Madison psychology professor and a co-author on the study published in the journal Entertainment Computing with Green, graduate student Brian Allen and recent graduate Taylor Hanley. While the 3-D movies depicted flying over forests and under bridges, the headset and the viewer aren’t actually moving.“And observers don’t have agency — they can’t control the motion,” Rokers says. “If they were in control, they could predict what things should look like. That would probably help them ease the discomfort.”But why is it only some users get too sick to stick with the Oculus Rift? Rokers and Green found that the people in their study who reported the most discomfort were also best at judging the direction of objects moving toward or away from them.“It seemed natural that people who may be very sensitive to 3-D motion might pick up on the fact that the visual motion signals provided in the Oculus can be inconsistent with balance signals,” Rokers says.Interestingly, it was just perception of moving objects that predicted motion sickness. Skill in identifying the relative depth of still objects was not connected with the 3-D discomfort. And, in fact, results of the two tests seem independent.“We’ve had people with perfectly good depth perception who couldn’t do the 3-D motion tests, and the exact opposite — people who could do the 3-D motion tests that would be classified as stereoblind by the static test,” Green says.Short of decreasing the difference between Oculus’ presentation of reality and reality itself — likely already a goal of the system’s developers — the researchers say users could benefit from a break-in period that slowly introduces the sort of mismatched cues that cause motion sickness. Like sailors finding their sea legs, people tend to work their way past the causes of motion sickness.“On a boat, maybe you stare at the horizon for a while and get those cues synced up,” Green says. “It’s probably contextual. Your body learns that in this situation, cues often mismatch. So, you just learn to ignore the mismatch.”Makers of virtual reality equipment may be able to use the researchers’ results to guide their own work.“Now you can identify those people that are most likely to suffer from motion sickness,” Rokers says. “And you can test your product directly on those individuals, and ensure a much larger market for your product.” Share on Twitterlast_img read more

Watch Lewis Hamilton expertly shoot targets with assault rifle and pistol as F1 ace reveals he’s training for movie role

first_img REAL vs FAKE GOLD People Slammed By Massive Waves 4 LEWIS HAMILTON expertly shoots targets at a practice range – as he reveals he is training to become a Hollywood movie star.The Brit Formula One star has been in the stages of planning for his career outside motorsport for the past few years.Lewis Hamilton showed off his skills with a gun during target practiceCredit: InstagramHe has made no secret of his intentions of moving into the film industry, while already linking up with Arnold Schwarzenegger and James Cameron for a new documentary.The 35-year-old has already turned down roles in Tinseltown, after being invited to join the cast of the new Top Gun flick.But the six-time Mercedes world champion looks likely to go into a more hands-on action role after posting his latest Instagram video.Hamilton can be seen whipping a pistol from its holder, before nailing targets spread out throughout the range while proud brother Nicholas watches on.And in another short clip, he has an assault rifle over his shoulder, while picking off cardboard cut-outs at Taran Tactical’s range in Simi Valley, California, US.His caption on Instagram read: “Excited to show you something I’ve started working on.“I’ve always loved action movies and dreamed of one day being in one. Hamilton was seen shooting targets with an assault rifle during an impressive displayCredit: Instagram @lewishamiltonBrother Nicholas was seen in the background supporting Lewis alongside friendsCredit: Instagram @lewishamilton“This is where Keanu Reeves trains for his john wick movies so I came here to start training for my first movie role.“This is only day 1, was a super fun few hours in a safe professional environment. Keanu, gimme a call, mans ready.“Big thanks to @tarantactical and your amazing team for the time and patience with me. Had the best day.“I’m still waiting for a call from Keanu re a role in John wick 4.“@michaelbjordan mans coming for you job lol #shootermcgavin #johnwick.”Meanwhile, Hamilton has donated more than £380,000 to help fight the deadly Australian bushfires ravaging the country. Travel Diary // Vietnam 2017 Funny Moments Of Football Rebekah Vardy scores an impressive penalty in six-inch heelscenter_img Funny animals make you happy and laugh funny animal compilation Animals are so funny that you can die of laughter 10 INCREDIBLE Space Launch Failures! Source: Motorsport – thesun.co.uklast_img read more