"Buyer beware": Wadia issues public notice against Century's realty project

 

Nusli Wadia, executive of Wadia gathering of organizations, has given a public notification to caution clients of Century Textiles saying the extravagance lodging project is being based on questioned land.

Century Textiles, an organization presently oversaw by Kumar Mangalam Birla, director of the Aditya Birla bunch, as of late sold lofts worth Rs 1,000 crore in Worli, Mumbai.

The venture is coming up nearby Bombay Dyeing's base camp and Wadia said the explanation by Century that it possesses 30 sections of land of land in Worli is "verifiably mistaken, corrupt, false and underhanded". The complete bundle of land claimed by Century is just 20 sections of land and not 30 sections of land, Wadia said in a public notification distributed in papers.

The leftover 10 sections of land sections of land are claimed by Wadia and are not accessible to Century for advancement, the notification says...READ MORE

Arun Jaitley to present Business Standard Annual Awards today

Current Affairs

Finance Minister Arun Jaitley will present the Business Standard Annual Awards in the presence of top India Inc leaders and senior government officials who will gather at the ITC Maurya in New Delhi on Friday to celebrate excellence in the corporate, banking and social sectors.

This year’s awards will be given to outstanding organisations and individuals who took their respective fields of operations to newer heights while delivering on scale, sustainability, leadership, and innovation.

They were chosen by three separate juries comprising some of the most respected names in India Inc. While the corporate excellence awards were chosen by a jury led by Aditya Birla Group Chairman Kumar Mangalam Birla, the Banker of the Year was selected by a jury led by former Reserve Bank of India deputy governor S S Mundra. The CSR awards were chosen by a jury headed by Tata Institute of Social Sciences Chairman S Ramadorai.

The jury chose Ashok Leyland Managing Director and CEO Vinod K Dasari the CEO of the Year for drafting the company’s growth strategy and focusing on three verticals to address the cyclical challenges of the trucking business.

He introduced new products and focused on light commercial vehicles and built a strong intermediate commercial vehicle franchise, all of which led to its market share increasing from 12-14 per cent four years ago to around 25 per cent.


 chart One of India’s oldest success stories of foreign investment, Hindustan Unilever (HUL) has changed the way Indians go about in their daily life – ranging from home care, beauty and personal care, to foods and refreshments. HUL’s hard work was recognised by the jury, which awarded it the Company of the Year...Read More