KK MODI
Samir Modi assault case: Court seeks probe updates from cops
The younger son of KK Modi and Bina Modi had lodged a FIR with Delhi Police on Friday, accusing his mother, her personal security officer (PSO) and Godfrey Phillips directors of causing him "grievous hurt". Subsequently through his counsel advocate Vijay Aggarwal had moved the Saket district court seeking for monitoring of the investigation, preservation of the CCTV footage and calls records of the accused persons and seizure of their mobile phones.
Rahul Gandhi and Co.’s pocket edition of Bible-paper Constitution published by Lucknow publisher
The coat pocket edition of the Indian Constitution, championed by various leaders, remains a symbol of constitutional integrity. From PM Modi to the President and Home Minister, its significance endures. This exclusive edition by Eastern Book Company continues to shape discussions on safeguarding the Constitution.
Samir Modi accuses Godfrey Board of assault complicity
A court in New Delhi has directed the personal appearance of a Delhi Police investigating officer regarding the preservation of CCTV footage linked to the alleged assault on Samir Modi, an executive director of Godfrey Philips India, during a board meeting. The FIR alleges grievous hurt and wrongful restraint under IPC sections 325 and 341.
Delhi HC seeks response from Bina Modi, other family branches
A Division Bench led by Justice Neena Bansal Krishna also issued notice to Bina’s children - Charu, Samir and Lalit Modi, besides various companies -Rajputana Developers, Kaushambi Industries, KK Modi Investment & Financial Services, Modicare Ltd and Premium Tradelink.
Godfrey Phillips executive director Samir Modi alleges threat from mother, seeks police protection
Samir Modi seeks protection from Delhi Police amid estate distribution feud with mother, alleging threats from Bina Modi and Lalit Bhasin. He heads businesses like Colorbar Cosmetics and Modicare. Legal battle in the Supreme Court over trust deed.
Feud in Godfrey Phillips: Samir Modi accuses mother Bina of staging assault on him
A Godfrey Phillips spokesperson rejected the accusation. "These allegations are entirely false and atrocious," the person said. "The alleged episode occurred outside the board room when the audit committee meeting was in progress at about 12 noon. This has been captured on in-house CCTV cameras, which can be provided to the relevant investigating authorities."
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Godfrey Phillips woos Reliance, Tata & DMart to put 24Seven in their bags
Godfrey Phillips India had said in an exchange filing on April 12 that it plans to exit the loss-making 24Seven convenience chain "following a detailed review of the company's retail business division". The negotiations will hinge on valuation, said one of the persons cited. "The (Modi) group leadership has held talks with groups which have obvious synergies, as of now. The talks are at different stages," the executive said.
Godfrey Phillips to exit retail business division ‘24Seven’
Tobacco manufacturer Godfrey Phillips India Ltd has decided to exit its retail business division, 24Seven, after a negative net worth as of March 31, 2023, following losses. The decision was made after a thorough review of the division, considering stakeholders' feedback, long-term performance, market conditions, and long-term business strategy.
Why is Godfrey Phillips exiting from 24Seven? Here's what may happen to the round-the-clock retail chain
24Seven, a popular late-night convenience store in India, may face closure or seek new investors after its parent company, Godfrey Phillips India, announced its exit from the retail business division. The company's negative net worth as of March 31, 2023, stems from accumulated losses. The retail business generated Rs 396 crore in FY23, accounting for 9.3% of the total revenue for the Modi Enterprises-led company and the retail division.
Terms of inheritance cast in stone in family trust deed: Samir Modi on father KK Modi's legacy
Samir Modi asserts that the terms of his father's ₹11,000-crore legacy, governed by a family trust deed, are non-negotiable. He aims to preserve the family's flagship company, Godfrey Phillips, within the family, proposing a buyout option to resolve the dispute. Despite legal battles with his mother over inheritance distribution, Samir Modi remains committed to advancing the family business, envisioning global expansion for Colorbar Cosmetics and other ventures.
Family feud over Rs 11,000 crore Godfrey Phillips inheritance: Samir Modi challenges mother Bina Modi in SC
Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the family's Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed. The family had initially disagreed on dissolving the trust, leading to legal battles initiated by Lalit Modi.
Ayodhya: From saints to lawyers, 15 lesser-known figures behind Ram Mandir
The Pran Pratishtha ceremony at the Ram Mandir today brings to mind the key figures of the Ram Janmabhumi movement. While leaders like LK Advani and Kalayan Singh are well-known, there were others who played significant roles, such as Digvijay Nath, Abhiram Das who contributed to the movement in various ways, ultimately leading to the construction of the Ram Mandir.
Ram Mandir: From Nayar to Nripendra, a tale of two IAS officers in Ayodhya
Ram Temple: The pran pratishtha ceremony at the Ram Mandir in Ayodhya on Monday marks the culmination of a 70-year struggle between Hindus and Muslims over the ownership of the Ram Janmabhoomi. KK Nayar, the district collector of Faizabad in 1949, played a key role in the placement of idols inside the Babri Masjid, defying then Prime Minister Nehru's order to remove them. Nayar's profile is included in the invitation to the ceremony. On the other hand, Nripendra Misra, a retired IAS officer, is overseeing the construction of the temple as the chairman of the committee.
Philip Morris International’s India affiliate appoints Navaneel Kar as managing director
Navaneel Kar has been appointed as the managing director of Philip Morris International Indian operations, IPM India. Prior to this role, he served as the president of sales at Tata Consumer Products. Kar will report to Ankur Modi, Cluster Head, South Asia & IndoChina, PMI.
Supreme Court asks Lalit Modi to tender unconditional apology for his remarks against judiciary
A bench of Justices MR Shah and CT Ravikumar slammed Modi for his remarks and warned him that any repeat of such conduct will be viewed "very seriously". The bench observed that Modi is not above the law and the institution and also directed him to file an affidavit before it tenders an apology.
Former IPL Chairman Lalit Modi names his son successor beneficiary in KK Modi Family Trust
However, he clarified that "this does not affect my status as a Trustee of the KKMFT, nor would it affect my rights as a member of the KKM family and any claim made for the family expenses under clause 6.1.5 of the KKMFT shall remain unaffected by my gifting my beneficial interest in favour of my son." In the social media post, Modi said,"In light of what I have gone thru (sic) it's time to retire and move on. And groom my kids. I am handling them all."
24Seven sales up 14 per cent to Rs 405 crore in FY22
"Gross Sales from 24Seven Convenience Stores (TFS) during FY22 was Rs 405 crores, an increase of 14 per cent over last year. The number of stores stands at 105 at the end of March 2022," Godfrey Phillips India CEO Sharad Aggarwal said in an earnings presentation.
Police investigating the death of Bollywood singer KK, to find out whether he died of 'unnatural death'
The singer was rushed to hospital from his hotel at around 10:30 pm, where doctors pronounced him dead.
KK succumbs to cardiac arrest; PM Modi says singer’s songs struck a chord with all ages, Amit Shah recalls his gifted voice
TMC MLA Babul Supriyo also lamented his colleague's death.
Bina Modi's plea against son Lalit's Singapore arbitration proceedings maintainable: Delhi HC
Bina, Charu and Samir, in two separate suits, contended that there was a trust deed between the family members and the KK Modi family trust matters cannot be settled through arbitration in a foreign country as per Indian laws.
Multibagger bets, anyone? Some analysts suggest unlisted names
Dealers of unlisted shares say this space is not for traders; but investors with a long-term outlook can hope to earn hefty returns, if they can pick the right bets.
Ruchir Modi alleges serious irregularities at Godfrey Phillips
Ruchir Modi, a board member of Godfrey Phillips India, has alleged “serious irregularities and corporate governance issues” at the tobacco company and sought the intervention of the Ministry of Corporate Affairs and the Sebi into the matter.
ITC drags Godfrey Phillips to court over infringement of its mark 'Flake'
ITC had approached the court to restrain the Godfrey Phillips from infringing their copyright, and also from infringing company’s registered trademark ‘Flake’, which according to the company has enjoyed the gross sales of around Rs 6,603 crore during FY 2018-19. Now, ITC claims that the Mumbai-based company has launched new ‘deceptively similar’ packaging of its existing brand ‘Select’ to piggyback on its popular cigarette brand.
Delhi High Court dismisses Bina Modi’s plea in favour of Lalit Modi
With this order, now the arbitration in Singapore can’t stay. However, Bina Modi and her two children have the option to challenge the ruling in the division bench in the Delhi High Court. The dispute has to be resolved in the Indian courts.
BK Modi wants to be "advisor" in offloading KK Modi Family Trust fund
"I am extremely keen that this matter is amicably resolved within the family and the honour and prestige of Late Shri Rai Bahadur Gujarmal Modi and his eldest son Late Sri KK Modi is not impacted in any manner. I agree to play an advisory role in helping you (sic)," BK Modi said, responding to a note from Lalit Kumar Modi, eldest son of KK Modi.
Godfrey Phillips India, other KK Modi businesses up for sale
Godfrey Phillips sells Marlboro brand of cigarettes and is among the country’s largest tobacco manufacturers.
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