Micromax co-founder Rajesh Agarwal stated that setting up of the companies is likely to boost the electronic manufacturing clusters in Uttar Pradesh. Micromax and OPPO , India’s leading mobile phone brands are all geared up to set up their mobile manufacturing units in Greater Noida. Deepak Singhal, Chief Secretary, Uttar Pradesh looks forward to extend […]
Bangladesh forays into US market with Beximco Pharma
Beximco Pharmaceuticals Ltd. (Beximco Pharma) said on Thursday they had commenced the export of hypertensive drug, Carvedilol, and became the first Bangladeshi company to enter the stringent market regulated by the Food and Drug Administration (FDA). Finance Minister Abul Maal Abdul Muhith said at the launch in Dhaka that the decades old company had “achieved […]
EOW’s order of freezing assets and cash balance of FTIL has no impact on its day-to-day operations, says Prashant Desai
With the involvement of Enforcement Directorate (ED) and Economic Offences Wing (EOW) in the NSEL- FTIL crisis, the case has taken an intriguing turn. The incongruousness of Economic Offences Wing (EOW) is clearly evident from the way it is levying ill-proportioned penalties on FTIL, alleging it on unlawful grounds without any appropriate evidence. It is […]
Narayana Health – All set to secure nearly 297 beds Hospital in Mumbai
In a recent interview, Ashutosh Raghuvanshi, MD & CEO, Narayana Health gave a brief description in regard of contribution made to children’s hospital in Mumbai. He confirmed that fiscal year 2017 has been working well for the company as operating revenues have shown the increasing trend towards 20 per cent. According to him, since Average Revenue […]
EOW ceases Prashant Desai FTIL operations in their new order
Prashant Desai in his recent interview with ZEE business news made some statements defending FTIL. He was asked by an interviewer if he has anything to say on EOW’s new move in this case and their decision to put a hold on FTIL’s daily operations. Talking about the matter he stated that 1 year back […]
Hinduja Company Global Solutions Limited all set to expand its operations in Mysuru
Hinduja Global Solutions Limited (HGS), one of the leading conglomerates has announced its plans of expansion covering Mysuru and the addition of 300 new jobs for customer care support by December. The Hinduja company provides a full suite of Business Process Management (BPM) services from traditional voice contact center services and transformational DigiCX services that […]
FTIL salaries and other expenses to be disbursed, asserts HC
The Bombay High Court recently ordered the release of money needed for salaries and other statutory expenses from FTIL’s bank accounts that had been attached by the Economic Offences Wing (EOW) of Mumbai Police. This came as a major and much needed respite for the employees of Financial Technologies (India) Limited (FTIL). The EOW had […]
Jignesh Shah’s arrest Illegal; PMLA Act
Jignesh Shah’s lawyer, Abad Ponda vehemently opposed any extension and argued that his client’s arrest and detention were illegal. Ponda, relying on a decision by a division bench of the Punjab and Haryana High Court, argued that neither the ED nor any other agency had the power to arrest under Section 19 of the PMLA […]
FTIL – A victim of malevolent controversies in clear terms
After the turbulent crisis of NSEL, the Economic Offences Wing (EOW) of the Mumbai police has shifted its focus on Jignesh Shah, the founder of Exchanges charging him of forgery on illegitimate grounds. An investigation is being carried out for preparing a supplementary charge sheet by the Enforcement Directorate (ED). Talking about the matter, Shah […]
The premise of Jignesh Shah’s detention is unjustified
The government of a country is its fundamental unit which is central to its overall welfare. In the broader sense, government is equated with integrity, uprightness and justice. Thus, it is imperative that all the actions undertaken by the government should abide by the legislative protocol. However, the recent case concerning the detention of Jignesh […]