Army turns down Indian offer

The army spokesman said that the Sri Lankan authorities, whilst appreciating the offer, declined to accept it as it was observed that the HDMC was not in line with the initial purpose of sending the two officers for training in India.“Moreover, a higher course with an entirely different scope would neither benefit the officers nor the Sri Lankan Armed Forces in immediate future employment of these officers.  Hence, the Sri Lankan Government made a request to withdraw the two officers from DSSC course and accordingly they returned to the island this morning,” he said. The Higher Defence Management Course normally followed by senior officers in the rank of Colonel is a higher course in scope. The army says it had turned down an offer by India to train two Sri Lankan officers at another location as opposed to the Defence Services Staff Course (DSSC) in Wellington, Tamil Nadu.The two officers who were following the Defence Services Staff Course (DSSC) in Wellington, India returned to the island today (Tuesday) prematurely following stiff opposition in Tamil Nadu to the training given to them. However he reiterated that the withdrawal does not in any way hamper the growing relationship and training partnership between the Armed Forces of India and Sri Lanka.He said that the Indian Armed Forces are key partners in the professional career development of officers, soldiers, sailors and airmen of the Sri Lanka Armed Forces.  (Colombo Gazette) Army spokesman Brigadier Ruwan Wanigasooriya said that due to some security concerns the Indian Government had offered to transfer the two officers from DSSC Wellington to the Higher Defence Management Course (HDMC) in the College of Defence Management, Secundrabad in Andhra Pradesh. read more

Most actively traded companies on the TSX TSX Venture Exchange markets

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Most actively traded companies on the TSX, TSX Venture Exchange markets TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,151.13 down 6.16 points):Uranium One Inc. (TSX:UUU). Miner. Unchanged at $1.89 on 28,797,743 shares.Loblaw Companies Ltd. (TSX:L). Grocery chain operator. Up $4.60, or 13.69 per cent, at $38.20 on 10,353,277 shares. The giant grocery operator’s stock shot up to a level not seen since early January on the announcement that it will create one of the largest real estate investment trusts in Canada. The REIT which would operate as a subsidiary of Loblaw, would see Canada’s biggest supermarket operator contribute real estate assets with a current market value of more than $7 billion to the venture.Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up five cents, or 1.52 per cent, at $3.33 on 6,827,105 shares. Bombardier has secured an order for up to 70 CRJ900 NextGen regional jets from Delta Air Lines valued at US$1.85 billion based on current list prices.Phonetime Inc. (TSX:PHD). Telecommunications. Down a penny, or 15.38 per cent, at 5.5 cents on 6,780,500 shares.Talison Lithium Ltd. (TSX:TLH). Miner. Up 44 cents, or 6.40 per cent, at $7.31 on 5,370,663 shares. The directors of Talison is recommending the Tianqi Scheme to its shareholders and considers it as a “superior proposal” over its deal with Rockwood Holdings Inc. Tianqi has offered $7.15 per share for the Talison shares it does not already own in a bid that values the company at about $792 million, while the Rockwood offer is worth $6.50 per share or about $720 million.Torex Gold Resources Inc. (TSX:TXG). Miner. Down two cents, or 0.96 per cent, at $2.06 on 5,366,261 shares.TSX Venture Exchange (1,186.70 up 2.16 points):PetroFrontier Corp. (TSXV:PFC). Oil and gas. Down 19.5 cents, or 63.93 per cent, at 11 cents on 14,612,425 shares.TransGaming Inc. (TSXV:TNG). Electronic entertainment. Up 2.5 cents, or 45.45 per cent, at eight cents on 3,882,086 shares.Companies reporting major news:Dollarama Inc. (TSX:DOL). Discount retailer. Down $1.51, or 2.41 per cent, at $61.09 on 323,148 shares. The discount retailer saw its third-quarter profit jumped to $51.5 million from year-earlier $41.8 million while revenue soared 14.4 per cent to just under $458 million. The improvement was due to higher sales at established locations and additional stores in its network.Lululemon Athletica Inc. (TSX:LLL). Yoga-wear retailer. Up $4.85, or 7.13 per cent, at $72.89 on 466,951 shares. The company forecasted a slower sales growth in the final quarter of the year amid a 48 per cent increase in third-quarter profit. Revenue totalled $316.5 million, up from $230.2 million.Rona Inc. (TSX:RON). Home improvement retailer. Up 30 cents, or 2.96 per cent, at $10.45 on 202,993 shares. Canada’s largest home-improvement retailer says it’s preparing to sell non-core assets and make other strategic moves to improve its profitability. No details were provided.TD Bank Financial Group (TSX:TD). Bank. Down $1.46, or 1.77 per cent, at $81.12 on 2,232,170 shares. TD, one of North America’s biggest retail banks, is buying U.S.-based money manager Epoch Holding Corp. for US$668 million in cash. The bank also booked fourth-quarter income of $1.6 billion, up from $1.59 billion in the same period last year with revenue of $5.89 billion versus $5.66 billion. by The Canadian Press Posted Dec 6, 2012 7:42 pm MDT read more