22 Oct

New Scholarships Help Nova Scotians Study in China

first_imgNova Scotia students will have more opportunity to further their studies in China, thanks to new scholarships announced today, Sept. 12, by Premier Stephen McNeil in Shandong province, China. Government and Mitacs, a national not-for-profit research and training organization, will fund five $5,000 scholarships each year for the next three years. “For years, students from China have come to Nova Scotia to attend university, study, and conduct research,” said Premier McNeil. “These scholarships will offer Nova Scotia students the same opportunity in China, and will help strengthen the long-standing relationship between Nova Scotia and Shandong province.” The scholarships will help senior undergraduate and graduate students complete research internships at universities in Shandong province. “This partnership will encourage the exchange of research knowledge and innovation between Canada and China,” said Mitacs CEO and scientific director Alejandro Adem. “It will also provide new opportunities for graduate students and faculty from Nova Scotia’s universities.” Government will invest $45,000 in the scholarship program and Mitacs will invest $30,000. On Sunday, Sept. 11, Premier McNeil signed a twinning agreement with Governor Guo Shuqing, of Shandong province. This type of agreement between governments is an important step in building relationships and will help lead to increased opportunities for Nova Scotia businesses and institutions. Nova Scotia launched a China engagement strategy in April, with a vision to deepen and broaden Nova Scotia’s engagement with China by promoting and building mutually beneficial trade, investment, business, political, educational and cultural relationships. The strategy’s three major elements are to focus on our competitive strengths, to build and strengthen relationships in China and to coordinate activities at home and in China.last_img read more

20 Oct

Cox Kings shares plunge 5 pc after defaults on repayments

first_imgNew Delhi: Shares of Cox & Kings fell by 5 per cent Wednesday after the company said it has defaulted on its repayment obligations on commercial papers worth Rs 45 crore. The scrip declined 4.76 per cent to close at Rs 19 — its lower circuit limit and also its 52-week low — on the BSE. On the NSE, it fell by 4.98 per cent to Rs 19.05. The tours and travel company & Kings Tuesday said it has defaulted on its repayment obligations on commercial papers worth Rs 45 crore, while interest of Rs 41 lakh could not be paid timely on bonds worth Rs 50 crore. Also Read – Maruti cuts production for 8th straight month in Sep This is the fourth instance within a span of just three weeks that the beleaguered firm has defaulted on meeting financial obligations. In a regulatory filing, the company said that it has defaulted on payment on unsecured commercial papers worth Rs 45 crore on July 16, 2019. In a separate filing, the company said it defaulted on July 15, 2019, towards paying interest of more than Rs 41 lakh during June 15 to July 15, 2019, on secured redeemable non-convertible bonds worth Rs 50 crore. “Whilst the company was making all efforts to make the interest payment on time, the same could not be paid due to cash flow mismatch. The company proposes to meet its obligations through a combination of internal accruals and monetisation of assets. The company is working towards plans to make good its obligations,” it said in the filing.last_img read more