ROBOPARK – is an international robotics fair for the whole family. Thanks to the latest technology, you will interact with 70 robots from all over the world. You will see a real robot theater, a quadcopter show, be immersed in virtual reality and make objects fly via the power of your mind. Here children starting from 3 years old, can feel like real inventors. Education and entertainment all in one place!
New Post has been published on https://toldnews.com/business/automobiles/a-time-bomb-called-infrastructure-leasing-and-financial-services-aka-2/
A time bomb called Infrastructure Leasing and Financial Services, aka
New Delhi: With rating agency CRISIL cutting the creditworthiness of two special purpose vehicles (SPV) of ILFS citing “heightened risk” of defaults and as the company management takes a new stance on repayments, the multiplicity of a dubious web of SPVs within the entity has once again spooked the markets.
As such the ILFS secret society remains a ticking time bomb. A concerned government is trying its best to remain on top of things and is in constant touch with the Uday Kotak-led team.
CRISIL has downgraded its rating on the non-convertible debentures (NCDs) of Jharkhand Road Projects Implementation Company Ltd (JRPICL) to BB(SO) from ‘CRISIL AA(SO), a drop of about nine notches. Ditto, it has has downgraded its rating on such instruments sold by North Karnataka Expressway Ltd (NKEL).
The Group has a catalogue of as many as 162 SPVs within the country and contagion is likely to spread rapidly as the scope and size of rating watch is enlarged. What is even more serious is that there is another lot of steroid-pumped foreign companies for which the Corporate Identification Number (CIN) cannot be found just as the level of evasion on the part of the erstwhile management. As many as 186 such overseas firms have virtually no records whatsoever.
The phalanx of SPVs within the Group and the impending ratings downgrade has sent shockwaves in the markets, since banks, financial institutions, NBFCs, realty and other road concessionaire companies could be imperilled with the widening of this exercise.
ILFS’ business model was predicated on creating SPVs to conduct business and the majority of such entities are in a financial disarray. In Maharashtra alone, ILFS Group has 88 such SPVs like Khambhat Port Ltd, Charminar Robopark Ltd, East Hyderabad Expressway, etc.
The maze of such SPVs which the new Uday Kotak-led board is still probing and understanding could well be the entity’s bugbear.
Domestically, there were these SPVS while overseas there were subsidiaries — direct and indirect across the world. On both fronts, the new management is trying to get a handle on things. In Chhattisgarh, there is one SPV — Chhattisgarh Highway Development Co, in Delhi, there are 20 including the Noida Toll Bridge Company, in Tamil Nadu, there are 11, in Jharkhand, there are six, and Bihar has two.
In India, ILFS is well represented. In Gujarat, there are an additional seven, West Bengal has five, Karnataka two, Odisha one, Rajasthan three, Telangana five, Haryana five, Andhra two, Uttar Pradesh one, Assam two, Tripura one, Nagaland one and Uttarakhand one.
Ive been thinking about remaking/rebranding my robopark au. Same story, but with ocs instead of being attached to South Park because I feel like it’s strayed too far from sp to the point the characters feel more like ocs than characters with hcs slapped on them. I feel like the story would work as well if not better without the au label. My sister has been helping me create new designs for Stan and Kyle. I’m just scared because I don’t want to completely remake the blog and get people back into it when I’m halfway through it, because I know it’s less likely to get attention unless it’s based on a pre-existing property. So please be honest with me, would you still be interested in @robopark even if it’s with ocs?
the next @robopark update will be posted tonight. just finished it on a long flight anf I’m so fucking tired it’s like 9:30 pm in my time zone and I have school in the morning but yeah