Day: October 12, 2023

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Sourabh Chandrakar Vehemently Denies Accusation in the Mahadev App Scam

Sourabh Chandrakar urges media outlets to rectify the prevailing narrative and is offering complete cooperation to ensure justice is served

DELHI, India, Oct. 12, 2023 (GLOBE NEWSWIRE) — Mr. Sourabh Chandrakar, who has recently faced grave accusations related to the Mahadev Application, strongly asserts that he has no involvement whatsoever in the alleged financial fraud scheme. He deeply regrets being wrongly implicated and depicted as the orchestrator behind this operation.

He firmly states that these allegations lack any foundation and are an effort to smear the good standing of an upstanding citizen. He emphasizes that enjoying a comfortable lifestyle should not be misconstrued as evidence of his engagement in unlawful activities.

The individuals urge all media outlets to consider these facts, rectify the prevailing narrative, and direct resources toward the actual wrongdoers. He is committed to offering his complete cooperation to the authorities to ensure justice is served and the truth prevails untarnished. He urges a fair and unbiased investigation into the matter, emphasizing his commitment to cooperating fully to bring the actual perpetrators to justice.

About Sourabh Chandrakar

In India, Saurabh Chandrakar’s business “Juice Factory” has 25 branches all over Bhilai, Chhattisgarh.

He hails from a humble background and has been running various FMCG, construction, sub-contracting and development-related businesses in the Middle East along with various partners and brands.

His entrepreneurial stint in the Middle East is ‘Empire One Global Real Estate’ wherein he enjoys the position of Co-Managing Director. Both Mr. Uppal and Mr. Chandrakar have been creating value beyond real estate for their clients based out of the Middle East and globally.

*Source: NewsBeatWire

Contacts:
Saurabh Chandrakar
00447723436941

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Deriv Embarks on a Purpose-Driven CSR Journey

The fintech company amplifies its commitment to social and environmental causes.

Stepping forward: Deriv’s pioneering CSR initiative with Ellie

Deriv team members gather at an elephant sanctuary in Malaysia, championing CSR by sponsoring a prosthetic limb for Malaysia’s youngest elephant amputee.

CYBERJAYA, Malaysia, Oct. 12, 2023 (GLOBE NEWSWIRE) — Deriv, a leading online trading company with a global presence spanning 20 offices, is strengthening its commitment to Corporate Social Responsibility (CSR). Through its CSR programme ‘Deriv Life’, the company is dedicated to making a real difference in society and the environment, driven by its collective sense of purpose.

In its commitment to Corporate Social Responsibility (CSR), Deriv recently sponsored a prosthetic limb for Malaysia’s youngest elephant amputee. Seema Hallon, Chief Human Resources Officer at Deriv, emphasised, “Our approach to CSR goes beyond financial contributions. It’s woven into who we are as an organisation. We envision Deriv Life as a platform for championing causes that resonate with our values and the personal beliefs of every member of the Deriv family. It’s about collective action, making a real difference.”

Over the past year, Deriv has embarked on various impactful initiatives, including sponsoring a team in the 4L Trophy rally, which raised funds and provided essential school supplies to underprivileged children in Morocco. These initiatives reflect Deriv’s unwavering commitment to CSR as an integral part of its identity and purpose.

In collaboration with a Malaysian prosthetics firm, Deriv engineered a state-of-the-art artificial leg for Ellie, a 7-year-old elephant who lost her front leg at the age of one. Crafted with precision from durable carbon fibre and featuring a robust ethylene vinyl acetate (EVA) base, this innovative prosthetic not only supports Ellie’s considerable weight but also significantly enhances her natural gait. Designer Yarham Hadeng remarked, “Deriv’s sponsorship made this vital upgrade possible, and we’re proud to be part of Ellie’s remarkable journey to recovery.”

Deriv’s dedicated workforce is actively engaged in expanding CSR efforts across the company’s global offices, with a specific focus on addressing local needs and fostering positive social and environmental impacts. The company recognises that effective CSR is an ongoing and evolving journey, mirroring Deriv’s own path of innovation and growth. In the words of Jean-Yves Sireau, Deriv CEO, “CSR at Deriv represents a long-term commitment to social responsibility and global betterment. Our aim is to drive sustainable change as we progress forward, guided by our shared purpose.”

To learn more, visit Deriv Life and the company website.

About Deriv

For over two decades, Deriv has been committed to making online trading accessible to anyone, anywhere. The company offers an expansive range of trade types and boasts over 200 assets across markets like forex, stocks, and cryptocurrencies on its intuitive trading platforms. With a workforce of more than 1,300 people globally, Deriv has cultivated an environment that focuses on employee well-being, celebrates achievements, and encourages professional growth.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a40cd3ce-5dd6-4d26-9d99-b39780c614f8

GlobeNewswire Distribution ID 1000843796

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A Deriv embarca numa jornada de Responsabilidade Social Empresarial (RSE)

A empresa de fintech reforça o seu compromisso com causas sociais e ambientais.

Um passo em frente: A iniciativa pioneira de RSE da Deriv com a Ellie

Membros da equipa da Deriv reuniram-se num santuário de elefantes na Malásia, para promover a RSE através do patrocínio de uma prótese para a mais jovem elefanta amputada da Malásia.

CYBERJAYA, Malásia, Oct. 12, 2023 (GLOBE NEWSWIRE) — A Deriv, uma empresa líder de negociação online com presença global em 20 escritórios, está a fortalecer o seu compromisso com a Responsabilidade Social Empresarial (RSE). Através do seu programa de RSE “Deriv Life”, a empresa dedica-se a fazer a diferença na sociedade e no ambiente, impulsionada pelo seu sentido coletivo de propósito.

No seu compromisso com a Responsabilidade Social Empresarial (RSE), a Deriv patrocinou recentemente uma prótese para a mais jovem elefanta amputada da Malásia. Seema Hallon, Chefe de Recursos Humanos da Deriv, salientou: “A nossa abordagem à RSE vai para além das contribuições financeiras. Está enraizado no que somos enquanto organização. Idealizamos a Deriv Life como uma plataforma para defender causas que refletem os nossos valores e as crenças pessoais de cada membro da família Deriv. Consiste numa ação colectiva, que faz uma verdadeira diferença”.

Ao longo do último ano, a Deriv embarcou em várias iniciativas impactantes, incluindo o patrocínio de uma equipa no rali 4L Trophy, que angariou fundos e ofereceu material escolar para crianças desfavorecidas em Marrocos. Estas iniciativas refletem o compromisso firme da Deriv com a RSE como parte integrante da sua identidade e propósito.

Em colaboração com uma empresa de próteses da Malásia, a Deriv projetou uma perna artificial de última geração para a Ellie, uma elefanta de 7 anos que perdeu a pata da frente com apenas um ano de idade. Moldada com precisão a partir de fibra de carbono resistente e com uma base robusta de acetato de etileno vinilo (EVA), esta prótese inovadora não só suporta o peso considerável da Ellie, como também melhora significativamente o seu andar natural. O designer Yarham Hadeng referiu: “O patrocínio da Deriv tornou possível esta otimização vital e estamos orgulhosos por fazer parte do incrível percurso de recuperação da Ellie.”

A equipa responsável da Deriv está ativamente empenhada em alargar os esforços de RSE nos escritórios globais da empresa, com especial foco na resposta às necessidades locais e ambientais. A empresa reconhece que uma RSE eficaz é uma jornada contínua em evolução, refletindo o próprio percurso de inovação e crescimento da Deriv. Segundo Jean-Yves Sireau, CEO da Deriv, “A RSE na Deriv representa um compromisso a longo prazo com a responsabilidade social e a melhoria global. O nosso objetivo é promover uma mudança sustentável à medida que avançamos, guiados pelo nosso objetivo comum.”

Para saber mais, visite a Deriv Life e o site da empresa.

Sobre a Deriv

Há mais de duas décadas, a Deriv tem o compromisso de tornar a negociação online acessível a qualquer pessoa, em qualquer lugar. A empresa dispõe de uma vasta gama de tipos de negociação e apresenta mais de 200 ativos em mercados como forex, ações e criptomoedas nas suas plataformas de negociação intuitivas. Com mais de 1300 funcionários em todo o mundo, a Deriv tem cultivado um ambiente que se concentra no bem-estar dos funcionários, celebra as conquistas e incentiva o crescimento profissional.

CONTACTO DE IMPRENSA
Aleksandra Zuzic
aleksandra@deriv.com

Foto deste comunicado disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/a40cd3ce-5dd6-4d26-9d99-b39780c614f8

GlobeNewswire Distribution ID 1000843796

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Deriv s’engage dans une démarche de RSE axée sur les objectifs

L’entreprise fintech renforce son engagement en faveur des causes sociales et environnementales.

Deriv fait le premier pas en matière d’initiative de RSE avec Ellie

Le personnel de Deriv se réunit dans un sanctuaire d’éléphants en Malaisie pour promouvoir la RSE en parrainant un membre artificiel pour le plus jeune éléphant amputé de Malaisie.

CYBERJAYA, Malaisie, 12 oct. 2023 (GLOBE NEWSWIRE) — Deriv, l’entreprise de trading en ligne de premier plan représentée dans 20 bureaux dans le monde, renforce son engagement en matière de responsabilité sociale des entreprises (RSE). À travers son programme RSE « Deriv Life », l’entreprise est déterminée à faire une réelle différence dans la société et sur l’environnement, animée par son sens collectif de l’objectif.

Dans le cadre de son engagement en faveur de la responsabilité sociale des entreprises (RSE), Deriv a récemment parrainé une prothèse pour le plus jeune éléphant amputé de Malaisie. Seema Hallon, directrice des ressources humaines chez Deriv, a souligné : « Notre approche de la RSE va au-delà des contributions financières. Elle fait partie intégrante de notre organisation. Nous envisageons Deriv Life comme une plateforme pour défendre des causes qui cadrent avec nos valeurs et les convictions personnelles de chaque membre de la famille Deriv. Il est question d’agir collectivement, de faire réellement la différence. »

Au cours de l’année écoulée, Deriv a lancé diverses initiatives à fort impact, notamment en parrainant une équipe participant au rallye 4L Trophy, ce qui a permis de collecter des fonds et d’offrir des fournitures scolaires de première nécessité aux enfants défavorisés du Maroc. Ces initiatives reflètent l’engagement inébranlable de Deriv en faveur de la RSE, qui fait partie intégrante de son identité et de sa raison d’être.

En collaboration avec une entreprise malaisienne de fabrication de prothèses, Deriv a conçu une patte artificielle ultramoderne pour Ellie, une éléphante de 7 ans qui a perdu sa patte à l’âge d’un an. Fabriquée avec précision en fibre de carbone durable et dotée d’une base robuste en éthylène-acétate de vinyle (EVA), cette prothèse innovante supporte non seulement le poids considérable d’Ellie, mais améliore aussi sa démarche naturelle de manière significative. Yarham Hadeng, le concepteur de cette prothèse, a déclaré : « Le parrainage de Deriv a rendu possible cette amélioration vitale, et nous sommes fiers de participer au remarquable processus de guérison d’Ellie. »

Le personnel dévoué de Deriv est activement engagé dans l’expansion des efforts de RSE dans les bureaux de l’entreprise dans le monde, en mettant particulièrement l’accent sur la satisfaction des besoins locaux et la promotion d’impacts sociaux et environnementaux positifs. L’entreprise reconnaît qu’une RSE efficace est un processus continu et évolutif, à l’image de la trajectoire d’innovation et de croissance de Deriv. Selon Jean-Yves Sireau, PDG de Deriv, « la RSE chez Deriv représente un engagement à long terme en faveur de la responsabilité sociale et de l’amélioration des conditions de vie dans le monde. Notre objectif est de favoriser un changement durable à mesure que nous progressons, guidés par notre objectif commun. »

Pour en savoir plus, visitez Deriv Life et le site Web de l’entreprise.

À propos de Deriv

Depuis plus de deux décennies, Deriv s’engage à rendre le trading en ligne accessible à tous, n’importe où. L’entreprise offre une large gamme de types de transactions et propose plus de 200 actifs sur des marchés tels que le Forex, les actions et les cryptomonnaies sur ses plateformes de trading intuitives. Avec un effectif de plus de 1 300 personnes réparties dans le monde, Deriv a cultivé un environnement axé qui met l’accent sur le bien-être des employés, célèbre les réussites et encourage le développement professionnel.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

Une photo accompagnant ce communiqué est disponible au : https://www.globenewswire.com/NewsRoom/AttachmentNg/a40cd3ce-5dd6-4d26-9d99-b39780c614f8

GlobeNewswire Distribution ID 1000843796

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PM Abiy Calls Upon Private Sector, Other Sections of Society to Support Initiatives to Improve Revenue Base

Prime Minister Abiy Ahmed called upon the private sector and other sections of society to support initiatives to improve the revenue base, restrain from corruption and contraband.

The premier attended the 2015 Ethiopian calendar fiscal year taxpayer recognition and award program to honour taxpayers who faithfully performed their national duty.

During his remarks, the Prime Minister called upon the private sector and other sections of society to support initiatives to improve the revenue base, restrain from corruption, contraband and illegality by insuring order, predictability and accountability.

Government offices in charge shall modernize the tax payment system and procedures, according to Office of the Prime Minister.

The premier also encouraged the private sector to introduce new technology to their works in modernizing their endeavors.

Office of the Prime Minister said in the 2015 fiscal year, the total planned revenue stood at 450 billion birr while performance stood at 442 billion birr.

The share of revenue from tax collection was 264.35 billion birr.

Prime Minister Abiy has warded devoted taxpayers who faithfully performed their national duty.

About 500 taxpayers have been awarded under today’s recognition program.

Source: Ethiopian News Agency

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House Approves Loan Agreements Signed with IDA

The House of People’s Representatives (HPR) has approved today loan agreements signed with the International Development Association (IDA).

The agreements signed between the Government of Ethiopia and the International Development Association (IDA) would help implement the Ethiopian Electrification Program and Human Resources Development Operation.

Accordingly, the House approved a 250-million USD loan for the implementation of the country’s electrification program.

The total cost of the Ethiopian Electrification Program is about 413 million USD. Of this, 250 million is obtained from IDA, while the remaining 163 million USD will be alloted by the government.

During the occasion, Chief Whip Tesfaye Beljige told members of the House of People’s Representatives that the loan with a 6-year grace period is to be paid in 38 years.

Similarly, the 50-million dollars interest-free loan received from the International Development Association with a 6-year grace period for the implementation of the human resources development operation will be repaid in 38 years, he added.

Ethiopian Electric Power Utility Project Management Director, Lemlem Misganaw recalled that 941,000 households have accessed electricity through the connection to the existing power grid with the 375million USD the World Bank had provided.

Besides, more than 500,000 citizens have accessed electricity from various power sources outside the existing grid.

According to her, the 250-million USD loan obtained from the International Development Association (IDA) will benefit more than 800,000 people.

The 50-million USD loan for human resource development operation would be used to strengthen health, education, water and agricultural development sectors in all regions of the country.

Source: Ethiopian News Agency

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Ethiopia Registers Remarkable Diplomatic Accomplishment Over Past Months: Spokesperson

Ethiopia has carried out remarkable diplomatic activities in bilateral and multilateral spheres in the first quarter of current fiscal year, according to the Spokesperson of the Ministry of Foreign Affairs.

Foreign Affairs Spokesperson Meles Alem briefed the media today on the various diplomatic activities that took place over the past three months.

The Spokesperson said the ministry has planned to diversify the diplomatic activities with a view to ensuring the national interest of Ethiopia during this budget year.

Accordingly, Meles mentioned that the diplomatic engagement carried out with USA, EU, G77+China, UN and other organizations over the past three months has brought fruitful results.

He further explained that discussion has been underway with the US government to further bolster trade, investment and development cooperation.

In addition, UK and Ireland are reactivating their bilateral relations with Ethiopia.

The fruitful bilateral and multilateral diplomatic activities with various countries, international organizations and institutions are among the victories registered over the state period.

He also stated that the European Union’s financial support to Ethiopia is a demonstration of diplomatic success recorded during the quarter year.

It is to be recalled that EU has launched 650 million euros multisector support program for Ethiopia recently. It was indicated during the occasion that the launch of the program is a concrete first step towards normalization.

The program will be implemented from 2024 to 2027 focusing on three priority areas: Green Deal, Human Development, and Governance and Peace-building.

The spokesperson also pointed out that countries like Croatia, Colombia and Nicaragua are showing their interest in opening their embassies in Ethiopia.

Source: Ethiopian News Agency