India to Build Seakeeping and Maneuvering Basin Facility for Testing Ships

first_img View post tag: News by topic India will soon join a select group of nations that have an exclusive Seakeeping and Maneuvering Basin (SMB) facility for testing models of…By Anantha Krishnan M. (aviationweek)[mappress]Source: aviationweek, April 1, 2011; View post tag: India View post tag: build View post tag: Naval View post tag: Basin View post tag: Navy India to Build Seakeeping and Maneuvering Basin Facility for Testing Ships Equipment & technology View post tag: Maneuvering View post tag: ships Back to overview,Home naval-today India to Build Seakeeping and Maneuvering Basin Facility for Testing Ships April 1, 2011 View post tag: Seakeeping View post tag: testing Share this article View post tag: facilitylast_img read more

Norway’s Storebrand buys asset manager Skagen in €170m deal

first_imgStorebrand, one of Norway’s largest pension providers, has agreed to buy asset manager Skagen.Once complete, the transaction will make Storebrand Norway’s largest provider by assets under management, according to IPE data. In a statement, Storebrand said it planned to pay Skagen’s current owners a total of NOK1.6bn (€169m), paid through a combination of Storebrand shares and cash, with the possibility of further gains subject to Skagen’s performance.Skagen – also a Norwegian firm but with branches across Europe – will operate as a separate company within the Storebrand group. Investment processes and philosophy would not change, the asset manager said. “In the current dynamic environment for the asset management industry, Skagen is delighted to be acquired by such a strong and well-resourced parent company,” the asset manager’s statement said. “The transaction will deliver real synergies and maximise the long-term potential of Skagen, allowing the company to develop in the best interests of its clients.”Storebrand CEO Odd Arild Grefstad said the acquisition was “an important building block” in the group’s growth strategy, while the group’s asset management CEO, Jan Erik Saugestad, highlighted the potential for growth in institutional provision.“Skagen is a contrarian and independent asset manager, held in high esteem by their clients,” Saugestad said. “We believe in their active investment philosophy, and will protect this along with their strong brand.”Øyvind Schanke, CEO of Skagen, added that his firm would have “greater ability to invest and innovate” due to its new owner’s resources.According to IPE’s annual Top 400 Asset Managers survey, Storebrand managed €63.5bn at the end of 2016. Skagen ran roughly €9bn.Storebrand said the acquisition would more than quadruple its share of the Norwegian private fund savings market from 4% to 17%.The deal is subject to regulatory approval in Norway and Sweden and is expected to complete before the end of this year.last_img read more

World Athletics bans prototype shoes after Nike row

first_imgWorld Athletics on Friday announced a ban on using prototype shoes in competition after a recent spate of world records set by athletes wearing the Nike Vaporfly trainers. “From April 30 2020, any shoe must have been available for purchase by any athlete on the open retail market (online or in store) for a period of four months before it can be used in competition,” athletics’ governing body said in a statement. World Athletics has banned prototype shoes like the ones worn by Kipchoge in his successful attempt to break the two-hour marathon barrier The basic Nike Vaporfly has a carbon blade in the sole, which stores and releases energy on each step, and air cushions. Kenyan marathon world record holder Eliud Kipchoge broke the two-hour mark for the distance in Vienna last October wearing a new Vaporfly prototype with three carbon blades in the sole and four air cushions. But that would be banned under the new rules which state that shoes cannot contain more than one “rigid embedded plate or blade” of any material, although shoes with spikes can have an additional plate “for the purpose of attaching spikes to the sole”. Kenya’s Brigid Kosgei broke Paula Radcliffe’s women’s marathon world record in Chicago with a time of 2hr 14min 04sec, wearing the basic one-blade version that has been available in shops since 2017. Promoted Content10 Unusual (And Stunning) Human TraitsWho Is The Most Powerful Woman On Earth?7 Universities In The World With The Highest Market ValueThese TV Characters Proved That Any 2 People Can Bury The HatchetBest Car Manufacturers In The World10 Inventions That Make Us Question Humanity2020 Tattoo Trends: Here’s What You’ll See This YearWhich Celebrity Endorsement Deals Were Worth The Most?Couples Who Celebrated Their Union In A Unique, Unforgettable WayWho Earns More Than Ronaldo?The Most Exciting Cities In The World To Visit10 Risky Jobs Some Women Do “It is not our job to regulate the entire sports shoe market but it is our duty to preserve the integrity of elite competition by ensuring that the shoes worn by elite athletes in competition do not offer any unfair assistance or advantage,” said World Athletics president Sebastian Coe. “As we enter the Olympic year, we don’t believe we can rule out shoes that have been generally available for a considerable period of time, but we can draw a line by prohibiting the use of shoes that go further than what is currently on the market while we investigate further.” Read Also: Australian Open: Thiem outguns Zverev in four sets to reach first final Kipchoge had defended claims he only managed to break two hours due to his footwear. “I trained hard,” he told British newspaper the Daily Telegraph. “In Formula 1, Pirelli issues the tyres to all the cars but Mercedes are the best one. Why? It’s the engine. It’s the person. “It’s the person who is running, not the shoe. It’s the person driving, not the person making the tyres.” FacebookTwitterWhatsAppEmail分享 center_img Loading… last_img read more

India to host 81 matches from 2019-2023: BCCI

first_imgPublished on Will be hosting Afghanistan for a first ever Test match. cricket BCCI acting President C K Khanna and other senior officials at the BCCI’s Special General Meeting in New Delhi on Monday.   –  PTI India will be playing 81 matches at home across formats from 2019-2023, 30 more than the current Future Tours Programme (FTP), but the BCCI today insisted that the number of playing days per year for the ever-busy cricketers will decrease.The Future Tours Programme was agreed in principle by the members at the BCCI Special General Meeting here today. The next FTP cycle at home will include high-profile series against England, South Africa and Australia.Another significant decision taken at the SGM was to host Afghanistan for a first ever Test match between the two teams. The dates of the historic Test will be chalked out later. “Afghans were scheduled to play their first Test in 2019 versus Australia but considering the historic relationship between India and Afghanistan, we decided to host their first Test,” said BCCI acting secretary Amitabh Choudhary.Among other decisions taken at the SGM, the suspension of Rajasthan Cricket Association (RCA) was revoked on the condition that former IPL boss Lalit Modi stays away from its functioning.The BCCI also remained firm on its stance on dope testing of cricketers, saying there was no need for NADA to test the players as the board is WADA compliant. SHARE SHARE EMAIL RELATED BCCI acting President C K Khanna and other senior officials at the BCCI’s Special General Meeting in New Delhi on Monday.   –  PTIcenter_img SHARE × December 11, 2017 COMMENT Afghanistan to play their first ever Test in India COMMENTSlast_img read more