On Wednesday, Delhi High Court asked the Delhi Government, Aam Aadmi Party if Odd-Even rule, which is on trial since January 1, 2016, and will finish on January 15, 2016, could be discontinued by January 8, 2016. The Delhi High Court also asked the officials to submit the relevant data where changes in the level […]
NSEL and FTIL subjected to unfair treatment
From July 2013 to September 2013 the Board at NSEL was trying to come to grips with the problem and understand the problem caused by the defaulters. By August 2013, NSEL filed its complaint against defaulters with the Economic Offences Wing (EOW). Later, the EOW registered the complaint of the trading clients. On December 13, […]
Injustice to Financial Technologies
It is surprising to note that Forward Markets Commission (FMC) never let NSEL management handle recovery and never partnered NSEL’s recovery effort. In fact, the FMC kept taking decisions to destabilize recovery and keep defaulters away from being the focal point. If the Department of Consumer Affairs (DCA) had accepted NSEL’s suggestion of orderly closure […]
4.7% stake of Heritage Foods bought by Azim Premji
Through a series of open market transactions, Wipro Chief Azim Premji has bought a 4.68% stake in food and retail company Heritage Foods (India) Ltd. The stake has been purchased by investment entities in turn owned by Premji. A spokesperson for Heritage Foods said, “Three companies in which Azim Premji is a director have collectively […]
Indev Group promoting Education for all with St. Britto Academy
St. Britto Academy is a renowned name in the field of education, all over the Chennai. It has been strategically located at Velachery, with the objective of inculcating the quality education utilising the latest educational technologies. In order to ensure a child’s all round development, Mr. Xavier Britto and Mrs. Vimala Britto established the St. Britto Academy in the year 1997. St. Britto Academy comes under the social responsibility initiatives of Indev Group, which is entirely owned by the Chairman of St. Britto Academy, Mr. […]
Amrapali Group sells 3k flats in 20 days
Amrapali Group’s Project Adarsh Awas Yojna Successfully sells more than 3,000 flats within 20 days of launch What came as a surprising revelation for real estate firm Amrapali Group is the overwhelming response received by its new affordable housing scheme Adarsh Awas Yojna in Greater Noida West for government employees. The project witnessed a sale […]
Uflex awarded for superior innovation by CII
Industrial Innovation Awards by Confederation of Indian Industry have recently acclaimed Uflex in the ‘Manufacturing-Large Enterprise’ category. India’s largest flexible packaging company Uflex has also been ranked in Top 25 innovative organizations declared by the Confederation of Indian Industry. The award ceremony was held in the National Capital in December. Mr. Ashok Chaturvedi, Chairman and Managing […]
Heritage Foods Ltd. to set up a Wind Power Project in Andhra Pradesh
Heritage Foods Ltd. has formulated plans of setting up a Wind Power Project in Andhra Pradesh. The project would be used for captive consumption. A meeting of The Board of Directors of the company was held on 17th Dec, 2015 which approved the setting up 2.1 MW Wind Power Project in Andhra Pradesh for Captive […]
Thomas Cook India joined hands with Essel Group owned ItzCash
Thomas Cook India partners with ItzCash in order to expand its reach in the Nation and its inward remittance market. ItzCash is a technology centered ancillary unit of Essel Group. The Foreign Exchange COO and Visas Head of Thomas Cook India, Mahesh Iyer said, “Inward remittances form about 22-23% of India’s foreign exchange income which has tripled over the last decade, which makes India a powerful growth market,” He further added, “With […]
Real Estate Bill will benefit the Buyers in multiple ways, says GK Shelters
The Union Cabinet has approved the Real Estate (Regulation & Development) Bill, 2015. The news has brought the real estate industry to cheer. The Bill is now to be taken up for consideration and passing by the Parliament. GK Shelters, a leading realtor of South India with presence in Bangalore, Chennai and Tirupati, expresses hope […]