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Embassy Office Parks is India’s first publicly listed Real Estate Investment Trust (REIT).(Embassy REIT)

Embassy REIT raises Rs. 36.8 billion (USD 501 million) unit capital through an institutional placement of units

PUBLISHED ON DEC 22, 2020 04:53 PM IST
The institutional placement launched on December 15, 2020, and witnessed strong demand from both existing as well as new institutional investors.
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Soon, track garbage trucks in Chandigarh through mobile app

By Munieshwer A Sagar | Hindustan Times/Chandigarh, Chandigarh
UPDATED ON OCT 16, 2020 12:44 AM IST
There will be a ‘performance indicator’ installed on every vehicle, which will keep track of delays
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There are around 10,000 employees and workers in PMPML currently consisting of drivers, conductors, mechanical workers and clerical staff. Out of them, around 2,100 employees are above the age of 55.(Pratham Gokhale/Hindustan Times)
There are around 10,000 employees and workers in PMPML currently consisting of drivers, conductors, mechanical workers and clerical staff. Out of them, around 2,100 employees are above the age of 55.(Pratham Gokhale/Hindustan Times)

Staring at losses, PMPML plans voluntary retirement for employees aged above 55

By Dheeraj Bengrut | Hindustan Times, Pune
UPDATED ON JUN 27, 2020 04:51 PM IST
The PMPML is calling it a precautionary step as the elderly are at a greater risk to the Covid-19 infection.
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The union has written to PMPML management demanding full salary for the month of May. It has threatened to go on ‘stop work’ protest from next week if their demand is not met.(Ravindra Joshi/HT PHOTO)
The union has written to PMPML management demanding full salary for the month of May. It has threatened to go on ‘stop work’ protest from next week if their demand is not met.(Ravindra Joshi/HT PHOTO)

PMPML staff get salary only for days worked during lockdown

By Dheeraj Bengrut | Hindustan Times, Pune
UPDATED ON JUN 17, 2020 04:49 PM IST
The issue will be put up before the board of directors and demand for monetary help will be sought
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File image of Sporting Lisbon.(Reuters)
File image of Sporting Lisbon.(Reuters)

Sporting Lisbon cuts players’ wages by 40 percent

By AFP | Lisbon
UPDATED ON APR 16, 2020 07:23 PM IST
The Lisbon club said in a statement released by the stock exchange authority late on Wednesday that 95 percent of its workforce would go on “temporary suspension” or face “reduced working hours”.
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File image of Mashrafe Mortaza(Getty Images)
File image of Mashrafe Mortaza(Getty Images)

Mashrafe, Shakib dropped from Bangladesh’s central contract list

By Indo Asian News Service | Dhaka
UPDATED ON MAR 09, 2020 10:07 AM IST
The BCB, during a meeting of the Board of Directors on Sunday, finalized a list of 16 players to be included in the national payroll, but only seven of them were offered a contract for both red and white ball cricket.
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Account holders standing in a queue outside sector 27 Yes Bank Branch, in Noida. (Photo by Sunil Ghosh / Hindustan Times)
Account holders standing in a queue outside sector 27 Yes Bank Branch, in Noida. (Photo by Sunil Ghosh / Hindustan Times)

SBI to buy 49% stake in Yes Bank for Rs 2,450 crore

By Press Trust of India | New Delhi
UPDATED ON MAR 07, 2020 09:47 PM IST
The SBI also said that a board of directors will be constituted at the reconstructed Yes Bank comprising chief executive and managing director, non-executive chairman and non-executive directors.
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IT Park flats: Chandigarh Housing Board to also offer four-BHK flats

By Vivek Gupta | Hindustan Times, Chandigarh, Chandigarh
UPDATED ON FEB 05, 2020 01:08 AM IST
The flats are estimated to cost 3 crore.
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HT Image(HT Photo)

Wipro CEO Abidali Neemuchwala resigns due to family commitments

By Indo Asian News Service | Bengaluru
UPDATED ON JAN 31, 2020 08:51 AM IST
Neemuchwala thanked Azim Premji, his son Rishad Premji, the board of directors, colleagues and customers for their support over the years.
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Battery-operated carts in Sec-17 Plaza from January

By HT Correspondent | Hindustan Times, Chandigarh, Chandigarh
PUBLISHED ON DEC 05, 2019 12:48 AM IST
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The topics that can create contention in a family-owned business are not hard to anticipate — entry and exit from business, succession, dividend policy, capital allocation, role allocation among family members, performance evaluation and retirement(SHUTTERSTOCK)
The topics that can create contention in a family-owned business are not hard to anticipate — entry and exit from business, succession, dividend policy, capital allocation, role allocation among family members, performance evaluation and retirement(SHUTTERSTOCK)

In family businesses, identify issues and address discord

By Janmejaya Sinha
PUBLISHED ON SEP 15, 2019 07:45 PM IST
A family in business must have a vision and a governance structure to facilitate conversations on sensitive topics
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Family businesses are complicated because two strands intersect. What underpins a family is love, affection and equality of treatment. What underpins the business is hard metrics and financial performance. One is a meritocracy, the other is not(SHUTTERSTOCK)
Family businesses are complicated because two strands intersect. What underpins a family is love, affection and equality of treatment. What underpins the business is hard metrics and financial performance. One is a meritocracy, the other is not(SHUTTERSTOCK)

The art of dealing with conflict in family businesses

By Janmejaya Sinha
PUBLISHED ON SEP 01, 2019 06:03 PM IST
Prepare for conflict when relationships are smooth. Dispute suppression is the surest way to serious rift.
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Rakesh Gangwal, co-promoter of IndiGo.(Photo: HT)
Rakesh Gangwal, co-promoter of IndiGo.(Photo: HT)

IndiGo’s board approves new related party transaction policy: Rakesh Gangwal

By Rhik Kundu | Livemint, New Delhi
UPDATED ON AUG 25, 2019 10:14 AM IST
Gangwal and his associates hold nearly 37% in InterGlobe Aviation, while co-founder Rahul Bhatia’s InterGlobe Enterprises Ltd (IGE) holds around 38%.
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The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.(Mint)
The board of the company, in its meeting held on Thursday, also decided to appoint a person of eminence or a reputed firm as strategic corporate advisor.(Mint)

Days after founder V G Siddhartha’s death, Coffee Day Enterprise appoints EY to scrutnize book of accounts

By Press Trust of India | New Delhi
UPDATED ON JUN 12, 2020 10:17 PM IST
EY will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.
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Café Coffee Day, the main srival of Starbucks in India, was founded by
Café Coffee Day, the main srival of Starbucks in India, was founded by

Café Coffee Day founder goes missing: Here’s his full letter

By HT Correspondent | New Delhi
UPDATED ON JUL 30, 2019 12:22 PM IST
Café Coffee Day, the main srival of Starbucks in India, was founded by VG Siddhartha in 1993. It has over 1500 cafes across India, the first outlet was opened in Bengaluru.
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In a filing to the stock exchanges, InterGlobe Aviation, the parent form of IndiGo, said its board of directors has received a letter from Gangwal and Sebi has also sought a response on the letter.(Gurminder Singh / HT FILE Photo)
In a filing to the stock exchanges, InterGlobe Aviation, the parent form of IndiGo, said its board of directors has received a letter from Gangwal and Sebi has also sought a response on the letter.(Gurminder Singh / HT FILE Photo)

‘Paan ki dukaan managed better’: IndiGo promoters’ spat out in open

By Press Trust of India | New Delhi
UPDATED ON JUL 10, 2019 10:17 AM IST
With the issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.
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Rail board approves a new 130-km double rail line (both up and down lines), from Palwal to Sonepat.(Pradeep Gaur/ Mint)
Rail board approves a new 130-km double rail line (both up and down lines), from Palwal to Sonepat.(Pradeep Gaur/ Mint)

Rail board approves 130-km rail line from Palwal to Sonepat

By HtT Correspondent | Hindustan Times, Chandigarh
PUBLISHED ON JUN 30, 2019 03:03 AM IST
The HRIDC is a joint venture company of the Union ministry of railways and the Haryana government. Chief minister Manohar Lal Khattar had in February made an announcement, saying the project would be fast-tracked.
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The management of a private hospital in Pune has been booked for allegedly dumping a 16-week-old foetus in a garbage van on Thursday. (Representative Photo, Shutterstock)
The management of a private hospital in Pune has been booked for allegedly dumping a 16-week-old foetus in a garbage van on Thursday. (Representative Photo, Shutterstock)

Hospital directors booked in Pune after foetus found in garbage

By Nadeem Inamdar | Hindustan Times, Pune
UPDATED ON JUN 29, 2019 02:35 PM IST
A woman, Pratiksha Sunil Salunke (20), had delivered a still born at Jivan Rekha hospital, a complaint filed by Dr Yamini Adbe of Dehu Road Cantonment Hospital said. As the health department van did not visit the hospital, the hospital staff gave the bag containing the foetus to the driver of the garbage van for disposal, it said.
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The anti-corruption bureau was looking for records of nearly 1,200 appointments allegedly made at the behest of political masters of the previous PDP-BJP government in the state and during Ahmad’s tenure.(PTI)
The anti-corruption bureau was looking for records of nearly 1,200 appointments allegedly made at the behest of political masters of the previous PDP-BJP government in the state and during Ahmad’s tenure.(PTI)

J&K Bank HQ raided minutes after chairman’s removal

By HT Correspondents & Agencies | Hindustan Times, Srinagar
PUBLISHED ON JUN 09, 2019 02:04 AM IST
Just before the board meeting of the bank at the headquarters, Ahmad, who was appointed as chairman in 2016, was communicated that he has been removed.
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Sanjiv Puri has been elevated to Chairman and Managing Director of the company.(Pradeep Gaur/Mint)
Sanjiv Puri has been elevated to Chairman and Managing Director of the company.(Pradeep Gaur/Mint)

Sanjiv Puri appointed as Chairman and MD for ITC

By Press Trust of India | Press Trust of India
PUBLISHED ON MAY 13, 2019 06:02 PM IST
Sanjiv Puri’s elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness
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Pakistan would receive USD 6 billion worth of assistance under the IMF programme over a period of three years, Shaikh told the state-run PTV News.(HT Photo)
Pakistan would receive USD 6 billion worth of assistance under the IMF programme over a period of three years, Shaikh told the state-run PTV News.(HT Photo)

Pakistan to get bailout of $6bn from IMF over next 3 years

By Imtiaz Ahmad | Pakistan
UPDATED ON MAY 13, 2019 08:40 AM IST
The final outcome was further delayed after Prime Minister Imran Khan objected to some of the stringent conditions by the IMF. The talks were extended to continue over the weekend and were capped on Sunday.
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The country’s largest car maker Maruti Suzuki India (MSI) Thursday reported a 4.6% decline in net profit to Rs 1,795.6 crore for the fourth quarter of the 2018-19 fiscal.(Reuters File Photo)
The country’s largest car maker Maruti Suzuki India (MSI) Thursday reported a 4.6% decline in net profit to Rs 1,795.6 crore for the fourth quarter of the 2018-19 fiscal.(Reuters File Photo)

Maruti Suzuki Q4 net profit dips 4.6% to Rs 1,795.6 crore

By Press Trust of India | New Delhi
UPDATED ON APR 25, 2019 03:36 PM IST
Maruti Suzuki said that the quarter was marked by adverse foreign exchange rates and commodity prices, higher depreciation and higher sales promotion expenses. It was partially offset by cost reduction efforts.
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American David Malpass named World Bank president(AFP)
American David Malpass named World Bank president(AFP)

American David Malpass named World Bank president

By Agence France-Presse | Washington
UPDATED ON APR 06, 2019 07:17 AM IST
The selection of Malpass by the bank’s board of directors followed an “open, transparent” nomination process in which citizens of all membership countries were potentially eligible, the bank said in a statement.
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In a bid to stave off a proposed mass leave by a section of pilots and aircraft maintenance engineer, Jet Airways on Saturday said it will soon pay the remaining December salaries to employees.(Abhijit Bhatlekar/Mint File Photo)
In a bid to stave off a proposed mass leave by a section of pilots and aircraft maintenance engineer, Jet Airways on Saturday said it will soon pay the remaining December salaries to employees.(Abhijit Bhatlekar/Mint File Photo)

In a bid to stave off mass leave, Jet Airways to pay its employees December salaries

By Indo Asian News Service | Mumbai
UPDATED ON MAR 31, 2019 07:53 AM IST
The call for non-cooperation was given by members belonging to the Jet Airways pilots’ union who decided to refrain from operating flights if their dues and clarity on the company’s resolution plan were not given by March 31.
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The direction has come in the wake of Metro Hospital fire that took place on February 7.(PTI/File Photo)
The direction has come in the wake of Metro Hospital fire that took place on February 7.(PTI/File Photo)

Gautam Budh Nagar district hospitals told to submit safety affidavits

By Preety Acharya | Hindustan Times, Noida
PUBLISHED ON FEB 28, 2019 03:29 AM IST
The chief medical officer (CMO) of Gautam Budh Nagar has directed all hospitals and nursing homes in the district to submit safety-compliance affidavits by March 18.
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Jet Airways founder chairman Naresh Goyal is expected to step down from the board of directors(REUTERS)
Jet Airways founder chairman Naresh Goyal is expected to step down from the board of directors(REUTERS)

Jet Airways accepts Etihad bailout plan, chairman Naresh Goyal may resign: Report

By Reuters | Reuters
UPDATED ON FEB 01, 2019 12:46 PM IST
Both Jet Airways and Etihad Airways are set to sign a memorandum of understanding (MoU) within days, which would result in Jet Airways’ founder and chairman Naresh Goyal reducing his stake to 22 percent from 51 percent and stepping down from the board, the report said, citing sources.
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Aviation veteran Ronojoy Dutta has been appointed as Chief Executive Officer (CEO) of IndiGo for a period of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.(AFP)
Aviation veteran Ronojoy Dutta has been appointed as Chief Executive Officer (CEO) of IndiGo for a period of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.(AFP)

IndiGo appoints aviation veteran Ronojoy Dutta as CEO

By Press Trust of India | New Delhi
UPDATED ON JAN 25, 2019 11:48 AM IST
Dutta would be taking the charge of CEO from the company’s co-founder and interim CEO Rahul Bhatia, who stated Wednesday that the next phase of company’s growth would come from international expansion.
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Ravneet Singh Gill will succeed Rana Kapoor as MD and CEO of Yes Bank.(Facebook)
Ravneet Singh Gill will succeed Rana Kapoor as MD and CEO of Yes Bank.(Facebook)

Yes Bank names Ravneet Singh Gill as new managing director and chief executive officer

By Agencies | New Delhi
UPDATED ON JAN 24, 2019 06:24 PM IST
Yes Bank said on Thursday that it got the RBI’s approval to name Ravneet Singh Gill as its new managing director and chief executive officer. Gill of Deutsche Bank India will succeed Rana Kapoor.
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Miss Mexico Vanessa Ponce de Leon (right) reacts as she is crowned the 68th Miss World by Miss World 2017 Manushi Chhillar in Sanya, on the tropical Chinese island of Hainan on December 8, 2018.(AFP Photo)
Miss Mexico Vanessa Ponce de Leon (right) reacts as she is crowned the 68th Miss World by Miss World 2017 Manushi Chhillar in Sanya, on the tropical Chinese island of Hainan on December 8, 2018.(AFP Photo)

Manushi Chhillar crowns Mexico’s Vanessa Ponce De Leon as Miss World 2018. See pics

By Indo Asian News Service | Indo Asian News Service
UPDATED ON DEC 09, 2018 11:40 AM IST
The 26-year-old Vanessa Ponce De Leon smiled away with moist eyes as she folded her hands in gratitude to gesture the traditional Indian ‘Namaste’ greeting when Manushi Chhillar placed the elaborate Miss World 2018 crown on her head.
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