Delhi News Blog

  SEBI has slapped a penalty of Rs.15 lakhs to Kirloskar Industries (KIL) Director, AN Alawani for indulging in fraudulent and unfair trade practices and alleged that he helped the promoters who owned 15% of the company to walk away with Rs. 275 crores . The regular has also barred him from the capital markets for period of six months. Even though   Mr. Alawani did not trade in shares in his own personal trading account, SEBI in their note said he   was an insider as he was in possession of the UPSI. He was trading as an authorised “agent” for and behalf of the Kirloskar Industries (KIL). The note added that he aided KIL promoters in selling their shares of Kirloskar Brothers Ltd (KBL) to Kirloskar Industries (KIL) thus together have allegedly committed fraud on KIL and public/ minority shareholders of the company. In  KBL ’s board meeting held on 27th July 2010, the management disclosed the poor profitability of  KBL . This was clearly confidential informat...

Considerable opposition is building up against various state governments move to forcefully transfer of temple funds and funds of Charitable Trusts under the pretext of funding relief measures. People in the know say that such unconstitutional ways of grabbing funds from temple trusts have been struck down by various High Courts and Apex Court from time to time in the past and the present move to grab fund will also not stand in court of law. Bombay High Court Advocate Ravi Ganatra, who is associated with a Mumbai based Trust, said that recently, the Maharashtra Government purportedly drafted a proposal to collect temple funds and funds lying with charitable trusts under the garb of funding CM relief measures. One of the congress leader in state govt also proposed to collect gold lying with temple trusts for funding relief measures. The Advocate  informed  that due to large scale protests from various temple organisations, charitable trusts and other cultural org...

Numerator, a US-based, data and Tech Company reinventing market research is opening its Engineering centre in Pune, Maharashtra. Over the next 2 years, Numerator plans to ramp up staff significantly and will aim to deliver leading-edge and mission-critical technologies to its large, multinational customers. Currently, Numerator is headquartered in Chicago, IL, and has 1,600 employees worldwide. The company blends proprietary data with advanced technology to create unique insights for the market research industry that has been slow to change.   The majority of Fortune 100 companies are among Numerator’s clientele. The center was inaugurated by Mr. Chetan Ghai, Chief Product Officer and a new hire, Ms. Sneha Javheri, joining Numerator on the inauguration day, February, 2020. Teresa Grau, Numerator’s Chief Human Resource Officer was also present during the event . Numerator will be located at The Hive at Bund Garden Road, Pune, which is a prestigious office c...

Two mega-events first time in Pune on one platform: IPTEX & GRINDEX 2020 ·          The 3 day Gear & Grinding Expo will start on 13 th February to 15 th February 2020 at Auto Cluster Exhibition center, PCMC Pune. ·          Time : 10 am to 6 pm ·          Organized by: Virgo Communication and Exhibition (p) Ltd ·          For Register : Website : www.iptexpo.com  |  www.grindexpo.com ·          Explore the Great collaboration between Gear and Grinding Technology The 6th edition of IPTEX & 4 th edition of GRINDEX 2020 is organized by Virgo Communications & Exhibitions Pvt. Ltd. It is scheduled to take place from 13 th to 15 th February 2020 at Auto Cluster Exhibition Centre, Pimpri-Chinchwad, Pune, Maharashtra. The exhibition will take place...

Konecranes has launched its multi-award-winning Agilon materials handling system at the  India Warehousing and Logistics Show 2019  in Pune, India today the exhibition will be continued until November 17th, Meaning Indian companies can now enhance operations and boost their business with the industry’s leading automated warehouse transactions solution.  Konecranes has gained a leading position in the material handling industry with innovative IoT solutions. Applying the same knowledge Konecranes has developed Konecranes Agilon to automate material flow and at the same time make information transparent and visible. Konecranes wants to provide its customers in India a possibility to benefit from the unique combination of information management and automation with Konecranes Agilon. Automation market in India is growing and Konecranes sees demand for intelligent material automation growing. Space-saving is important but today Indian customers are askin...

·        Good Drop Wines Pvt. Ltd. organized a Rio Strong Extra Dry launch ·        Strong drink but also a deliciously refreshing party starter ·        A total of 19 wines and presence in 9 states in India ·        Good Drop wines: as the largest producer of wine coolers Good Drop Wines Pvt. Ltd. organized a Rio Strong Extra Dry launch and Rio Strong Bullet lucky draw party at the Hotel Taj, Blue Diamond, Pune to showcase the Rio Strong Extra Dry and felicitate the winners of the lucky draw. Ramit Banerjee from Pune emerged as the winner of the Rio Strong Bullet lucky draw. With the introduction of the Rio Strong Extra Dry, a white variant with 15.5 % alcoholic strength, Good Drop wines has further strengthened its portfolio offering the consumers not just a strong drink but also a deliciously refreshing party starter. Good Drop wines has firmly e...

·        Zeeal Fashion event will be at five star hotel & date will be 2 nd August to 4 th August 2019 ·        In this event age group will be divided in to 3.5 years to 60 years. On behalf of social organization “The zeeal enterprises” is organizing seventh state level fashion show in pune. This program will be held at a most prestigious five-star hotel in pune city & event will start in the month of 2 nd august 2019 & culmination date will be 4 th august 2019. This big brand program/event is organized for the art lovers & those who provide scope for dormant artifacts in pune. The shows name will be ‘Zeeal Mrs, Miss, Mr,Teen,Kids Maharashtra Level 2019’. In this event age group will be divided in to 3.5 years to 60 years. Enthusiastic girls, boys, women, men also can participate.   The shows round is divided in to three levels like Indian round, western round & indo-western round. Spea...