Egyptian relic to be auctioned in London despite protests

Agencies
July 5, 2019

London, Jul 5: A brown quartzite head of young king Tutankhamen was due to be auctioned in London with an estimate of more than $5 million on Thursday, in the face of Egyptian demands for its return.

The more than 3,000-year-old sculpture, on display at Christie’s London auction house, shows the boy king taking the form of the ancient Egyptian god Amen.

Mostafa Waziri, secretary general of Egypt’s Supreme Council of Antiquities, told Reuters he was disappointed the sale was going ahead, despite requests for information and protests from government officials and Egypt’s embassy in London.

“I believe that it was taken out of Egypt illegally ... They have not presented any documents to prove otherwise,” Waziri said. “We aren’t going to stop, we are going to keep following these guys, even the (buyer). We are going to keep asking again and again (for it to be returned),” he added.

Staff at Christie’s said they had taken the necessary steps to prove its provenance and the sale was legitimate.

“It’s a very well known piece ... and it has never been the subject of a claim,” Laetitia Delaloye, head of the antiquities department at Christie’s, told Reuters. “We would never offer a piece where there is any concern about the provenance.”

The 28.5 centimeters (11.22 inches) high piece was in “extraordinary condition”, she said, with just the ears and nose damaged. It is seen selling for more than £4 million, plus commission, with a collector the most likely buyer.

The head is being sold from the private Resandro collection of Egyptian art.

Christie’s says the head was acquired from Munich-based dealer Heinz Herzer in 1985. Before that, Austrian dealer Joseph Messina bought in 1973-1974. It says Prinz Wilhelm Von Thurn und Taxis “reputedly” had it in his collection by the 1960s.

“Historical objects by their nature, it’s impossible to track them back over the millennia of their existence, so what we endeavor to do is to research their modern history,” Delaloye said. Christie’s had been in touch with Egyptian authorities in Cairo and the London embassy, she added.

Egypt has long demanded the return of artefacts taken by archaeologists and imperial adventurers, including the Rosetta Stone kept in the British Museum - campaigns paralleled by Greece’s demands for the Parthenon sculptures, Nigeria’s for the Benin Bronzes and Ethiopia for the Magdala treasures.

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News Network
January 27,2020

Mumbai, Jan 27: The country's largest car maker Maruti Suzuki India (MSI) on Monday said it has increased prices of select models by up to Rs 10,000 with immediate effect to offset the impact of rising input costs.

The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement.

The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.

The company has also increased the price of its multi purpose vehicle Ertiga between Rs 4,000-10,000, Baleno by Rs 3,000 to 8,000 and XL6 by up to Rs 5,000 (all prices ex-showroom Delhi).

Currently, the company sells a range of vehicles starting from entry-level small car Alto to premium multi purpose vehicle XL6 with price ranging from Rs 2.89 lakh to Rs 11.47 lakh (ex-showroom Delhi).

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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News Network
June 30,2020

Bengaluru, Jun 30: Karnataka Chief Minister BS Yediyurappa on Monday launched 'Skill Connect Forum' and said that the government is committed to provide impetuous to creating jobs by reviving economic and industrial activities.

The 'Skill Connect Forum' portal connects both private entrepreneurs and job seekers on the same platform.

After launching the forum, the Chief Minister said that the portal provides information on jobs available and who needs a job. "Under this forum, an unemployed will be imparted skills and then enabled to get a job," Yediyurappa said.
Besides providing jobs via registration, the portal also provides a skilled pool of people for those looking to hire, he added.

Deputy Chief Minister Dr CN Ashwath Narayan, who is also the Skill Development Minister said that portal will be a boon to the youth seeking jobs and it will avoid unemployment issue to a great extent.

"All these years, there was no information and communication between job seekers and recruiters. The portal will solve that problem," he said.

Narayan said that there was no proper information on skilled workers and job market. Moreover, skill development was not in sync with the market. All these issues have been addressed by the portal, he added.

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