After Satyam, it is a makeover for Maytas Sep 1, 2009
Insiders say the soft-spoken Teja Raju did most of the talking with the lenders while negotiating the corporate debt restructuring (CDR) package. But some say that he was only a representative of the Raju family and it was the senior executives who did all the negotiating with the banks. (India Times)
Rajus lose Maytas Infra to IL&FS Sep 1, 2009
The government-appointed board is understood to have started the process to scout for an eligible suitor for Maytas after the CDR package of Rs 600 crore was approved in early July 2009 by the company's lenders. Interestingly, the banks refused to disburse this relief package so long as the Rajus continued as promoters of the company. (India Times, India -- Intl Business)
Read Hannity's America Aug 29, 2009
The ongoing CDR investigation would have forced an untenable delay in the confirmation process. (END VIDEO CLIP). (Fox News)
Charges unlikely in inquiry on Richardson Aug 28, 2009
The FBI and a grand jury in Albuquerque had been investigating the award of a state contract to CDR Financial Products, a Beverly Hills, Calif ... Investigators had been examining whether Richardson or his deputies pressed the authority to hire CDR after receiving financial contributions. (AZCentral -- News)
NM governor's future brighter as fed probe ends Aug 28, 2009
The U.S. attorney office in New Mexico began an investigation last year into the hiring of a Richardson political donor, Beverly Hills-based CDR Financial Products Inc., as a financial adviser on state transportation bond deals ... 5 million in fees for CDR in 2004-2005 ... CDR chief executive David Rubin and his firm contributed $110,000 to Richardson political committees in 2003-2005. (San Francisco Chronicle -- Science)
You, Your Doctor, and Peter Orszag Aug 21, 2009
While Democrats argue they dont want Canadian health care, Canadas counterpart to IMAC is the secretive Common Drug Review, or CDR. The CDR has rejected several orphan drugs without public debate, ignoring the fact that these drugs are often the best or even the only treatment for certain diseases ... Despite drug price controls and the CDRs draconian decisions, Canadas health-care system faces cost inflation rates of 5 - 7. (Townhall.com)
Confront emerging challenges of security to promote democracy - Veep Aug 15, 2009
Major Isaac Amponsah from the GAF grabbed the Commandant's Research Paper and Lt. Cdr. A.A. Abu from Nigeria, the Second Prize. (Ghana Web, Ghana)
Bombay HC grants bail to HIV+ murder convict Aug 8, 2009
Padwal's lawyer Rajesh Bindra said his CDR count was very high and his condition was critical. Pleading that if he was not treated at a proper hospital he would die earlier, Padwal had added that three such convicts had faced a similar fate due to the lack of treatment. (India Times, India)
Subhiksha moves court, seeks trade-off with lenders Aug 5, 2009
CHENNAI: As the deadline to complete the Rs 700-crore plus corporate debt restructuring (CDR) process has lapsed, troubled retailer Subhiksha is now knocking the courts doors to save itself from liquidation ... In Subhikshas case, creditors would include secured creditors such as banks in the CDR forum and unsecured creditors, basically Subhikshas suppliers such as Hindustan Unilever and HCL Infosystems ... The time has lapsed for CDR, but no decision has been finalised as yet. (India Times)
Bloodhound diary Jul 31, 2009
Wing Cdr Andy Green on the new attempt. The engineering is coming on well in most areas, with incredible support from our product sponsors (over 140 to date). (BBC News -- Technology)
Wockhardt sells nutritionals biz Jul 29, 2009
Last month, the CDR cell approved priority loan of Rs 516 crore to Wockhardt. It can repay the amount in eight equal quarterly instalments starting September 15, 2010. (India Times)
Strategic Analytics Launches Mortgage Risk Analytics Group Jul 29, 2009
Strategic Analytics' MBS/ABS Securities Forecasting Service provides an exceptional opportunity for lenders to receive timely and accurate Cash Flow, CPR, CDR and Loss Severity projections enabling them to price and trade mortgage assets with high efficiency. Strategic Analytics advanced modeling software uniquely transforms data from one of the largest repositories of loan-level mortgage data with more than 92% of the RMBS market into usable business intelligence. (PR Newswire)
Subhiksha bankers mull CDR deadline extension Jul 24, 2009
CHENNAI: EVEN as the deadline for Subhikshas corporate debt restructuring (CDR) process which the company is working on with 12 creditor banks and three major shareholders draws close (July 31), it seems banks are looking at the option of approaching the CDR forum for an extension of the deadline, two bankers involved in the process told ET.. The bankers said since Subhiksha was a non-manufacturing entity with limited assets and with so many stakeholders involved in the CDR process... (India Times)
Maytas Infra denies move to offload stake Jul 19, 2009
The Rs 100-crore loan sanctioned by banks under the Corporate Debt Restructuring (CDR) package would be received in a month. "We are seeking another Rs 100 crore under CDR and hope to get it soon," he added. (India Times, India -- Intl Business)
Wockhardt may sell non-core biz Jul 10, 2009
MUMBAI: Wockhardt has set a target to mobilise Rs 790 crore by selling its non-core businesses as part of its corporate debt restructuring (CDR) plan, which its lenders approved last week, nearly two-and-a-half months after the Khorakiwalas-controlled pharma company approached them. The CDR plan, which was finalised on June 30, is intended to put the funds-starved company back on the rails with the lenders restructuring loans, providing fresh fund and the promoters chipping in capital ... A... (India Times)
Maytas Infra gets bank lifeline Jul 3, 2009
HYDERABAD/NEW DELHI: Crisis-ridden and cash-starved Maytas Infra got a lifeline when a consortium of 18 banks approved the corporate debt restructuring (CDR) package for the company ... The CDR package was approved by 18 banks including State Bank of India, ICICI Bank, Punjab National Bank, IDBI Bank and Indian Overseas Bank ... According to the terms of the CDR, the company will start repaying loans after three years and have 10 years to clear its dues. (India Times, India -- Intl Business)
Bansal & Nimje in r0000395Bace for Maytas CEO May 29, 2009
SBI Caps has been named consultant to the CDR scheme ... The Chairman of Maytas Infra K Ramalingam and board member Anil K Agarwal met Yogesh Agarwal, Chairman-IDBI Bank, Chanda Kochhar, MD CICI Bank, and AP Varma, MD BI Caps to finalise the nuts and bolts of the CDR package. (India Times)
Lockheed Martin GPS III Team Successfully Completes Major Design Review Phase on Schedule May 22, 2009
May 21 /PRNewswire-FirstCall/ -- The Lockheed Martin (NYSE: ) team developing the U.S. Air Force's next-generation Global Positioning System (GPS) spacecraft, known as GPS III, has successfully completed the Preliminary Design Review (PDR) phase, a major program milestone that allows the team to begin the Critical Design Review (CDR) stage ... "We look forward to an efficient and thorough CDR phase, and delivering on our commitment to achieve mission success for our customer and GPS users... (PR Newswire)
China Mobile plans mainland market listing via CDR May 20, 2009
The Hong Kong-listed company plans to get back to the mainland market "as early as possible" by way of issuing China Depositary Receipts (CDRs), Wang said after attending the company's annual shareholder meeting ... By issuing CDRs, the company could maintain consistency with its operations in the other two markets in terms of management, supervision and information disclosure, Wang said. (Xinhuanet, China)
Maytas Infra approves CDR package May 17, 2009
"The bankers may call for a meeting to further discuss the CDR package, which is likely to be scheduled during next week," the company said in filing to the Bombay Stock Exchange. In the meeting held yesterday, the consultant for the CDR package, SBO Capital Markets, made a presentation to the Hyderabad-based company, after which the board approved the CDR package. (India Times)
Does telecom equipment from Chinese vendors pose a security threat to India? May 15, 2009
According to sources, the committee members include IB coordinator director R N Behura, Mr P K Mittal from the Department of Telecom, Major General P K Das and Cdr S K Gupta from the Ministry of Defence. Additionally, it will also have Research and Analysis Wings (RAW)cabinet secretariat joint secretary S K Gupta and a representative from the National Technical Research Organisation. (India Times)
Soldier Who Killed 5 Was In Counseling May 13, 2009
I was stationed with CDR Charles Springle in Rota. He was a fantastic sailor and good friend. (CBS News)
Atlantis Blasts Off on Last Hubble Mission May 12, 2009
Seven astronauts are on board the shuttle, led by Cdr. Scott Altman. (ABC News)
Banks to rejig loans for Maytas Infra May 10, 2009
SBI Capital Markets has been named the consultant to the CDR scheme ... The Maytas board, which met on Saturday, cleared reference to the CDR forum ... IDBI and ICICI made a presentation to Maytas board and were also present at the meeting to review the CDR. The company has an order book of around Rs 8,500 crore. (India Times)
Maytas Infra open to stake sale May 6, 2009
"The company is currently working out a revival plan and has already appointed SBI Capital Market for corporate debt restructuring (CDR)," he said ... When asked about the presentation of accounts for the year ending 2008-09, Jain said, "It will take some time as the investigating agencies are still doing their work. Once the probe is complete, the company will be able to give true picture of the company." He also added that the new account is not required for the CDR as banks are aware of the... (India Times, India -- Intl Business)
Maytas seeks funds to stay afloat May 6, 2009
The infrastructure construction firm is seeking corporate debt restructuring (CDR) for its total borrowings of Rs 1,700 crore, as it faces cash crunch and finds it increasingly difficult to recover dues worth Rs 500 crore from clients ... Mr Ramalingam didnt specify the exact fund requirement, but another Maytas director, Anil K Agarwal, said the process of CDR is being initiated, which should lead to rescheduling of loans as well as some fresh lending by banks ... The Hyderabad-based company... (India Times)
On board the pirate-hunting HMCS Winnipeg Apr 28, 2009
Once the Winnipeg drew within visual range of the pirate ship, Cdr ... As the Winnipeg swooped in, Cdr. (Globe and Mail)
Bradley’s Buzz: Post-draft grades show B’s for TD the GM Apr 28, 2009
In the past, there was no rhyme or reason to the Falcon s selection process, except maybe under CDR.. The Falcons now take a pragmatic approach to everything that they do. (Atlanta Journal-Constitution -- Sports)
Subhiksha, BlueGreen not to merger Apr 16, 2009
At the hearing of the winding up petition filed by Kotak Mahindra Bank against the retailer, Subhikshas legal representatives also submitted that some bankers, who were part of the ongoing corporate debt restructuring (CDR) process, had expressed reservations over the appointment of PL.. Judge Chitra Venketraman said that the court had not discharged PL and only suspended publication of institution of PL. She also said that submission of accounts would in no way hinder CDR process. (India Times)
Pirates attack second US vessel Apr 15, 2009
Cdr Chris Davis, chief public affairs officer for Nato, told the BBC the surge in attacks could be simply down to chance. "We do see peaks and troughs. Often weather-related and often it's just the situation as it arises and the opportunity - and that's what the pirates are, they are opportunistic.". (BBC News -- Africa)
CDR Fundraising Group founder dies Apr 15, 2009
for free extra services. Subscribe to Washington Business Journal. (Washington Business Journal, DC)
Lockheed Martin SBIRS Team Advancing to Follow-on Production Phase Apr 10, 2009
With the completion of the SBIRS follow on program PDR phase, the program team will transition to the Critical Design Review (CDR) stage, followed by the production phase. "Successful completion of the PDR phase will allow us to move efficiently into the next phase of this essential program," said Jeff Smith, Lockheed Martin's SBIRS Vice President. (PR Newswire)
Canadian frigate thwarts suspected pirates in Arabian Sea Apr 6, 2009
They were quite hungry, Cdr ... We made sure everyone who was there wanted to be there, Cdr. (Globe and Mail)
Recommendation To The President Mar 29, 2009
Mr. Kwabena Gyan may have been at one time a CDR or PDC member and has acquired the habit of disrespecting higher authority and doing it his own way, whilst at the same time, no one can hold him accountable for his poor decision making processes because he may think that he is above the law, as his trainers believe in, too a practice that has characterized our Fatherland Ghana , since June 4, 1979 ... Or Mr. Kwabena Gyan may not have ever joined the CDR or PDC but did acquired the... (Ghana Web, Ghana)
Recession rage Mar 25, 2009
Cdr Bob Broadhurst, in charge of policing the G20, has said a 7. 2m police operation is being launched, but has admitted security and protest are not "always happy bedfellows". (BBC News -- UK)
MorphoSys Strengthens Patent Position On Its Core HuCAL Technology in Europe Mar 13, 2009
MorphoSys's HuCAL libraries comprise highly diverse, fully human synthetic antibodies that are highly engineerable through their modular CDR design. Its most advanced marketed version, HuCAL PLATINUM, provides rapid access to fully human antibodies as research tools, diagnostics and therapeutics. (Primezone Releases)
Wall Street lifted by Chinese stimulus plans Mar 9, 2009
The CDR Counterparty Risk Index, a measure of the counterparty risk in the sector, was at its highest level this morning since September last year, went Lehman Brothers went bust. The Financial Times Limited 2009. (FT.com -- Markets)
TSX Venture Exchange Daily Bulletins for March 6, 2009 Mar 7, 2009
TSX-X ------------------------------------------------------------------------- CALDERA RESOURCES INC. ("CDR") BULLETIN TYPE: New Listing-Shares BULLETIN DATE: March 6, 2009 TSX Venture Tier 2 Company The common shares of Caldera Resources Inc. (the "Company") will be listed and admitted to trading on TSX Venture Exchange, on the effective dates stated below ... Please note that the common shares of the Company (Symbol: CDR) will be delisted from Toronto Stock Exchange at the close of business... (CCNMatthews Press Releases)
ICICI Ventures, PremjiInvest object Subhiksha's merger plan Feb 19, 2009
The lenders, who hold a substantial stake in Subhiksha Trading Services (STSL), have asked for a halt to merger till the ongoing corporate debt restructuring (CDR) process in the retail chain is completed, STSL said in a statement. "We understand that based on requests from some banks to hold the merger in abeyance till the CDR process is completed," some stakeholders who have earlier approved the merger are objecting now, the statement added. (India Times)
Premji Invest moves HC against Subhiksha merger Feb 19, 2009
There has been some debate with some of the banks on whether the merger needs to be held in abeyance till the CDR (corporate debt restructuring) is closed. We have been advised by financial investors that the merger should be held in abeyance till the CDR is finalised in view of this request of the banks, he said ... We understand that based on requests from some banks to hold the merger in abeyance till the CDR process is completed, some stakeholders, who have earlier approved the merger,... (India Times)
...enough radioactive weapons to carry out 1,248 Hiroshima bombings Feb 17, 2009
I know because the Commanding Officer, Cdr R.E. Fast not see 'eye to eye' on Navy Regulations on T.A.D. in COMSUBGRP7 and SAW the photographic evidence. The Sub in question had to transit from Guam to Bremerton Washington on the surface because the front half of the Sail had been torn open tight integrity was compromised. (The Drudge Report)
Congressman twitters, raises security concerns Feb 12, 2009
Pentagon spokesman Navy Cdr. Darryn James said it is general Defense Department policy not to disclose details of congressional delegations until they reach their destination. (MSNBC -- Politics)
Congressman's twittering raises security concerns Feb 12, 2009
February 11, 2009 at 2:30 PM EST. WASHINGTON The top Republican on the House intelligence committee landed in hot water this week after using his to update the public on his precise whereabouts while travelling through Iraq and Afghanistan. (Globe and Mail)
Is ailing Subhiksha up for sale? Feb 11, 2009
The company recently qualified as an eligible candidate for corporate debt restructuring (CDR) ... R Subramanian, MD, told TOI: On equity, the approach is to take a look at this post the CDR approval ... The founder said that since Subhiksha is working on CDR package with existing lenders, the company does not see the the current debt drought affecting their package. (India Times, India -- Intl Business)
Subhiksha says no to bankruptcy Feb 10, 2009
The company is currently undergoing a corporate debt restructuring (CDR) exercise with lenders reviewing its books. "No, not at all, as that (declaring bankruptcy) is not a solution. We have a viable business which is cash-starved and CDR will help us revive this," Subhiksha Trading Services MD R Subramanian said ... "As part of CDR, the banks would need to get a current balance sheet rather than a March 31, 2008 balance sheet and they also want to ensure that events of the kind that happened in... (India Times, India -- Intl Business)
TN fertility rate going down fast Feb 8, 2009
Tamil Nadu has also fared better in other demographic indicators like crude birth rate (CBR) and crude death rate (CDR) ... 1, the CDR (deaths per 1000 population) stood at 7. (India Times, India)
