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Showing posts from August, 2020

Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years

Diversified firm Nesco has said it is planning to invest over Rs 2,000 crore in the next five to seven years to foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres. The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai. "We are strategically expanding our business into newer segments to take advantage of the changing environment. While we will continue to add more exhibition halls, we are also planning to enter the hospitality segment by launching hotels for the convenience of the exhibitors and visitors," company's chairman Sumant Patel told PTI. The company, he said, will be investing Rs 2,000 crore over the next five-seven years for entering new verticals and expanding other businesses, which will be completely funded by its internal accruals. "O...
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BJP attacks Tharoor for summoning Facebook in Parliamentary committee

A BJP MP and member of Parliamentary Standing Committee for Information and Technology (I & T) urged all NDA MPs in the Committee to write a letter to Lok Sabha speaker Om Birla against its chairman Shashi Tharoor in connection with summoning Facebook without taking members in confidence, sources said.The controversy erupted over the issue after Congress leader Rahul Gandhi alleged that the BJP and the RSS control Facebook and WhatsApp in the country.Later, Tharoor said that the Parliamentary Standing Committee on Information Technology would certainly wish to hear from Facebook about the media reports."The Parliamentary Standing Committee on Information Technology would certainly wish to hear from Facebook about these reports & what they propose to do about hate-speech in India," Tharoor tweeted.Earlier on Monday, BJP MP Nishikant Dubey said that the Chairman of Standing Committee does not have the authority to do anything without discussion of the agenda with its .....
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Infosys fines independent director Bobby Parikh for inadvertent trade

Infosys has imposed a penalty of Rs 2 lakh on its independent director Bobby Parikh for an inadvertent trade by the portfolio management services of his spouse Bela Parikh.Bela -- a joint holder of the account -- had bought 2,754 shares during the open trading window period without the knowledge of Bobby and without obtaining pre-clearance of trade, the IT major said in regulatory filings at stock exchanges late on Friday."Mr Parikh has confirmed that he was not in possession of any unpublished price sensitive information. The audit committee of the company was notified of this matter," it added.Based on Bobby Parikh's submission, the audit committee has concluded that this was an inadvertent trade made without intent to violate the company's insider trading policy or the SEBI's Prohibition of Insider Trading Regulations, 2015 (PIT Regulations)," the filing said."However, the audit committee has determined that there was a violation of the company's ...
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