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  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...

 The markets regulator has charged promotors of Kirloskar Industries, Atul & Rahul Kirloskar with fraud in a decade-old case of the promoter group selling a 13.5% stake in the then-ailing company KBL to Kirloskar Industries Ltd, harming the interests of minority investors. In a show-cause notice to the six promoters of KBL and two others, Sebi alleged that the promoter group was aware of the precarious financial condition of KBL when these shares were sold, committing fraud on minority shareholders of Kirloskar Industries. The notice was sent in December 2019. As reported in media, Sebi’s assessment is that the ill-gotten gains in the transaction could be in excess of ₹350 crore, which includes the value of the sale transaction and profit The promoter group on October 6, 2010 sold 10.72 million shares of KBL worth ₹275 crore in the company to Kirloskar Industries. Sebi has charged the individual promoters of KBL and two others under the Prevention of Fraud and Unfair Trade Prac...

·          Condronet technique or the Graftnet technique is a single stage technique which can be extended to any age group ·          The procedure related morbidity is less since it's minimally invasive, as it’s an arthroscopic surgery ·          Condronet technique is a single-stage technique and precisely the cartilage tissue is removed from the own knee & implanted on the affected side of the kneezzz   22-year-old Satej fell in the house and injured himself, and he went to the saishree hospital. As the pain was excruciating, Dr Neeraj Adkar (Chief orthopaedic surgeon & MD of SaiShree hospital) promptly reduced the dislocated patella to provide relief from pain. Usually, in such cases, pain relief is immediate and almost complete. However, Satej was still in pain, though not as severe...

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...

Numerator, a US-based, data and Tech Company reinventing market research is opening its Engineering center 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 . The numerator will be located at The Hive at Bund Garden Road, Pune, which is a prestigious office co...

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 centre, 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 ...