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

The institutional placement launched on December 15, 2020, and witnessed strong demand from both existing as well as new institutional investors.

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

brand post

Published on Dec 22, 2020 04:53 PM IST

ByHT Correspondent

Soon, track garbage trucks in Chandigarh through mobile app

There will be a ‘performance indicator’ installed on every vehicle, which will keep track of delays

cities

Updated on Oct 16, 2020 12:44 AM IST

Hindustan Times/Chandigarh | ByMunieshwer A Sagar, Chandigarh

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

The PMPML is calling it a precautionary step as the elderly are at a greater risk to the Covid-19 infection.

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)

cities

Updated on Jun 27, 2020 04:51 PM IST

Hindustan Times, Pune | ByDheeraj Bengrut

PMPML staff get salary only for days worked during lockdown

The issue will be put up before the board of directors and demand for monetary help will be sought

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)

cities

Updated on Jun 17, 2020 04:49 PM IST

Hindustan Times, Pune | ByDheeraj Bengrut

Sporting Lisbon cuts players’ wages by 40 percent

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”.

sports

Updated on Apr 16, 2020 07:23 PM IST

Lisbon | ByAFP

Mashrafe, Shakib dropped from Bangladesh’s central contract list

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.

File image of Mashrafe Mortaza(Getty Images)

cricket

Updated on Mar 09, 2020 10:07 AM IST

Dhaka | ByIndo Asian News Service

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

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.

Account holders standing in a queue outside sector 27 Yes Bank Branch, in Noida. (Photo by Sunil Ghosh / Hindustan Times)

business

Updated on Mar 07, 2020 09:47 PM IST

New Delhi | ByPress Trust of India

IT Park flats: Chandigarh Housing Board to also offer four-BHK flats

The flats are estimated to cost ₹3 crore.

cities

Updated on Feb 05, 2020 01:08 AM IST

Hindustan Times, Chandigarh | ByVivek Gupta, Chandigarh

Wipro CEO Abidali Neemuchwala resigns due to family commitments

Neemuchwala thanked Azim Premji, his son Rishad Premji, the board of directors, colleagues and customers for their support over the years.

business

Updated on Jan 31, 2020 08:51 AM IST

Bengaluru | ByIndo Asian News Service

Battery-operated carts in Sec-17 Plaza from January

Ten battery-operated carts will be available for free rides in Sector 17 plaza from next month. Officials of the Chandigarh Smart City Limited (CSCL) reviewed the project on Wednesday and the issue will be discussed during the board of directors meeting to be chaired by adviser Manoj Parida.

cities

Published on Dec 05, 2019 12:48 AM IST

Hindustan Times, Chandigarh | ByHT Correspondent, Chandigarh

Brad Loiselle

Bradley D.H. Loiselle served as president and founder of two companies prior to founding SKILLSdox O/A betterU, a venture that according to its website, focuses on creating an ecosystem that bridges the gap between education and jobs. To that end, the head office located in Ottawa, Canada, employs experts from education, web development, project management, e-learning, design and marketing.

htls

Updated on Nov 27, 2019 01:22 PM IST

New Delhi | ByHT Correspondent

In family businesses, identify issues and address discord

A family in business must have a vision and a governance structure to facilitate conversations on sensitive topics

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)

analysis

Published on Sep 15, 2019 07:45 PM IST

ByJanmejaya Sinha

The art of dealing with conflict in family businesses

Prepare for conflict when relationships are smooth. Dispute suppression is the surest way to serious rift.

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)

columns

Published on Sep 01, 2019 06:03 PM IST

ByJanmejaya Sinha

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

Gangwal and his associates hold nearly 37% in InterGlobe Aviation, while co-founder Rahul Bhatia’s InterGlobe Enterprises Ltd (IGE) holds around 38%.

Rakesh Gangwal, co-promoter of IndiGo.(Photo: HT)

business

Updated on Aug 25, 2019 10:14 AM IST

Livemint, New Delhi | ByRhik Kundu

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

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.

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)

business

Updated on Jun 12, 2020 10:17 PM IST

New Delhi | ByPress Trust of India

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

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.

india news

Updated on Jul 30, 2019 12:22 PM IST

New Delhi | ByHT Correspondent

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

With the issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.

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)

business

Updated on Jul 10, 2019 10:17 AM IST

New Delhi | ByPress Trust of India

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

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.

Rail board approves a new 130-km double rail line (both up and down lines), from Palwal to Sonepat.(Pradeep Gaur/ Mint)

cities

Published on Jun 30, 2019 03:03 AM IST

Hindustan Times, Chandigarh | ByHtT Correspondent

Hospital directors booked in Pune after foetus found in garbage

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.

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)

india news

Updated on Jun 29, 2019 02:35 PM IST

Hindustan Times, Pune | ByNadeem Inamdar

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

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.

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)

india news

Published on Jun 09, 2019 02:04 AM IST

Hindustan Times, Srinagar | ByHT Correspondents & Agencies

Sanjiv Puri appointed as Chairman and MD for ITC

Sanjiv Puri’s elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness

Sanjiv Puri has been elevated to Chairman and Managing Director of the company.(Pradeep Gaur/Mint)

business

Published on May 13, 2019 06:02 PM IST

Press Trust of India | ByPress Trust of India

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

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.

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)

world news

Updated on May 13, 2019 08:40 AM IST

Pakistan | ByImtiaz Ahmad

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

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.

The country’s largest car maker Maruti Suzuki India (MSI) Thursday reported a 4.6% decline in net profit to <span class='webrupee'>₹</span>1,795.6 crore for the fourth quarter of the 2018-19 fiscal.(Reuters File Photo)

business

Updated on Apr 25, 2019 03:36 PM IST

New Delhi | ByPress Trust of India

American David Malpass named World Bank president

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.

world news

Updated on Apr 06, 2019 07:17 AM IST

Washington | ByAgence France-Presse

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

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.

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)

business

Updated on Mar 31, 2019 07:53 AM IST

Mumbai | ByIndo Asian News Service

Gautam Budh Nagar district hospitals told to submit safety affidavits

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.

The direction has come in the wake of Metro Hospital fire that took place on February 7.(PTI/File Photo)

cities

Published on Feb 28, 2019 03:29 AM IST

Hindustan Times, Noida | ByPreety Acharya

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

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.

Jet Airways founder chairman Naresh Goyal is expected to step down from the board of directors(REUTERS)

business

Updated on Feb 01, 2019 12:46 PM IST

Reuters | ByReuters

IndiGo appoints aviation veteran Ronojoy Dutta as CEO

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.

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)

business

Updated on Jan 25, 2019 11:48 AM IST

New Delhi | ByPress Trust of India

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

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.

Ravneet Singh Gill will succeed Rana Kapoor as MD and CEO of Yes Bank.(Facebook)

business

Updated on Jan 24, 2019 06:24 PM IST

New Delhi | ByAgencies

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

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.

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)

world news

Updated on Dec 09, 2018 11:40 AM IST

Indo Asian News Service | ByIndo Asian News Service

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board of director news

Latest from board of director

The institutional placement launched on December 15, 2020, and witnessed strong demand from both existing as well as new institutional investors.

There will be a ‘performance indicator’ installed on every vehicle, which will keep track of delays

The PMPML is calling it a precautionary step as the elderly are at a greater risk to the Covid-19 infection.

The issue will be put up before the board of directors and demand for monetary help will be sought

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”.

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.

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.

The flats are estimated to cost ₹3 crore.

Neemuchwala thanked Azim Premji, his son Rishad Premji, the board of directors, colleagues and customers for their support over the years.

Ten battery-operated carts will be available for free rides in Sector 17 plaza from next month. Officials of the Chandigarh Smart City Limited (CSCL) reviewed the project on Wednesday and the issue will be discussed during the board of directors meeting to be chaired by adviser Manoj Parida.

A family in business must have a vision and a governance structure to facilitate conversations on sensitive topics

Prepare for conflict when relationships are smooth. Dispute suppression is the surest way to serious rift.

Gangwal and his associates hold nearly 37% in InterGlobe Aviation, while co-founder Rahul Bhatia’s InterGlobe Enterprises Ltd (IGE) holds around 38%.

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.

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.

With the issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.

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.

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.

Sanjiv Puri’s elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness

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.

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.

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.

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.

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.

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.

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.

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.

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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