RAVI MODI FAMILY OFFICE
Samir, Lalit Modi question mother's use of voting rights
Samir and Lalit Modi have raised concerns over mother Bina Modi's potential influence through shareholder voting rights at Godfrey Phillips India Ltd due to her control over KK Modi Investment and Financial Services,. This has created a conflict over her reappointment to the company's board amidst a bitter family inheritance dispute. The brothers suspect their mother of misusing her voting rights, leading to legal actions and a looming decision at the upcoming annual general meeting.
Happy World Yoga Day 2024: Top wishes, quotes, messages, images to share with your family and friends
International Yoga Day 2024 Wishes: On June 21st, millions will celebrate the 10th International Day of Yoga, highlighting its physical, mental, and spiritual benefits. Established by the UN in 2014, this day emphasizes global awareness and the transformative power of yoga. The 2024 theme, Yoga for Self and Society, encourages holistic well-being. Join the movement with events, workshops, and heartfelt wishes to embrace yoga’s benefits.
Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
'Marwari' school of business keeps 3 generations of Ruia family under one roof
Essar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generations, jointly manages the empire across diverse sectors. Prashant Ruia, director of Essar Capital, credits their unity to aligned goals and individual space. Despite industry challenges, the family cherishes strong bonds and traditions, distinguishing themselves from other well-known family disputes in the Indian business landscape.
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.
'Baahubali' moment for M K Stalin as DMK-led combine poised for massive win
Chief Minister M K Stalin and Congress top leader Rahul Gandhi addressed a massive Coimbatore rally in April, overshadowing the BJP. The DMK-led alliance, with a streak of electoral wins since 2019, is poised for success in Tamil Nadu and Puducherry, likened to the film Baahubali.
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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."
Polling begins for 3 Lok Sabha seats in Jharkhand
Voting for Lok Sabha seats in Jharkhand began with tight security. Three constituencies - Dumka, Rajmahal, and Godda - have a total of 52 candidates, including 8 women, contesting in the final phase of elections.
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Lok Sabha Elections 2024: Harsimrat Badal fighting to save family borough Bathinda
Ajayab Singh stands outside his home in Malkana village, about 50 kilometres from Bathinda city, under the blazing sun, getting the boundary wall of his home raised. He points to the open drain running next to the wall and says it overflows during monsoon, and raising the boundary wall would at least prevent the sewer water from coming inside the home.
Centre sanctions Rs 21,253 crore to tackle Kerala's economic crisis
The move comes as Kerala grapples with various economic challenges, including salary delays for government employees and stalled development projects.
Devi Lal, Hooda kin slug it out in Haryana; no member of Bhajan Lal, Bansi Lal families in fray
Haryana's political landscape has long been dominated by four prominent families - the 'Lals' and the Hoodas. A new generation now takes the stage as old political heirs are sidelined, setting the stage for a complex electoral battle in the upcoming elections on May 25.
Pune Porsche accident: 'Why not ask truck and bus drivers to write essay': Rahul Gandhi to PM Modi
Reacting to the recent accident in Pune which claimed two lives, Congress leader Rahul Gandhi remarked on Tuesday that Prime Minister Narendra Modi is fostering a divided India, where justice itself seems to be contingent upon wealth. Maharashtra Deputy Chief Minister Devendra Fadnavis on Tuesday expressed shock and surprise over the Juvenile Justice Board taking a lenient view of the Pune car crash involving a minor boy who fatally knocked down two motorbike-borne IT professionals with his speeding luxury vehicle.
INDIA bloc communal, casteist and dynastic: PM Modi in Bihar
Modi also charged the RJD-Congress combine for having made Bihar, which gave India its first president Rajendra Prasad, infamous for extortion. He lambasted the Nehru-Gandhi family, which he referred to as "Congress' royal family", for "keeping mum" over controversial remarks made by its leaders and allies against people of Bihar in states such as Punjab, Telangana and Tamil Nadu.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
Third Eye: Family vacation after voting, not on stage, not in party, time to resume work at party
It has been an eventful year for former Andhra Pradesh chief minister N Chandrababu Naidu. Now that the busy campaign for assembly and parliamentary elections and voting has come to a conclusion, Naidu is getting ready to embark on a trip to Europe with his entire family.
Asaduddin Owaisi questions PM Modi over 'infiltrators' remarks
AIMIM leader Asaduddin Owaisi has questioned Prime Minister Narendra Modi about his "false clarification" over his remarks about Muslims and those with more children. Owaisi alleged that Modi and the BJP have spread countless lies and hatred against Muslims in the 2024 Lok Sabha elections. Modi clarified his remarks, stating that he did not only talk about Muslims but also about every poor family and that the day he started doing Hindu-Muslim, he would be "unworthy of public life."
"The day I start doing Hindu-Muslims, I won't be entitled to live in the public domain,": PM Modi
Prime Minister Narendra Modi clear air on 'infiltrators' and 'more children' remarks, emphasized unity and rejectd division. He filed nomination from Varanasi, gearing up for Lok Sabha polls on June 1.
Uttar Pradesh Lok Sabha Polls: If Congress battle cry is historical link, BJP bets on local factor in Raebareli
In his address here on Sunday, Union minister Amit Shah said if the essence of "400 paar" could be met with one seat, it was Raebareli. The remark underscores the perceptional value this seat carries in BJP's mission to trounce Congress, with Amethi already being vacated for a family 'representative' instead of a member.
"Want to serve people, maybe through Rajya Sabha...": Robert Vadra
Robert Vadra told ANI, "I do not want to come to politics to give a reply to anyone. I want to serve the people of the country, so maybe it is through the Rajya Sabha. I will keep working for the people across the country and will travel to Amethi, Raebareli, and Morabadad, as it makes me very happy to get their blessings. So I will surely join active politics after some time."
'Bahu' vs 'bahu' vs 'chacha sasur': Chautalas fight among themselves in Hisar Lok Sabha seat
The Hisar Lok Sabha constituency in Haryana is witnessing a compelling electoral battle involving three members of the influential Chautala family, now divided politically. Naina Chautala of JJP, Sunaina Chautala of INLD, and Ranjit Singh Chautala of BJP are competing, representing different factions within the family.
Shimoga Lok Sabha seat: What makes the battle in Yediyurappa stronghold different this time
Eshwarappa, a lifelong ABVP/BJP adherent, was denied a BJP ticket in last year’s Karnataka assembly polls. But this time, when the party overlooked his son K E Kanthesh’s bid to contest from neighbouring Haveri Lok Sabha seat, he rebelled. Eshwarappa believes Yediyurappa and his sons engineered Kanthesh’s rejection, so he’s contesting “to teach them a lesson”.
INDIA bloc seeking votes to provide religion-based reservation: PM Modi
PM Modi criticized INDIA bloc parties in Bareilly for wanting religion-based reservation via Constitution change. Mentioned Congress's survey plans and Manmohan Singh's 2006 statement favoring minorities in resource allocation.
'King vs ordinary citizen' battle erupts in Mysore Lok Sabha constituency
Mysuru voters are choosing between BJP's Yaduveer Krishnadatta Chamaraja Wadiyar and Congress's M Lakshmana in the upcoming Lok Sabha polls. Wadiyar, the scion of the erstwhile Mysuru royal family, is making his political debut from the Mysore Lok Sabha segment, while Lakshmana is state Congress spokesperson and Chief Minister Siddaramaiah's confidant. The Congress has chosen to focus on this constituency due to its large vote-base in the district.
Vijay Deverakonda 'Family Star' controversy: Actor denies filing police complaint against online trolls
Actor Vijay Deverakonda has firmly denied rumours of filing a police complaint against individuals criticizing his recent film 'Family Star.' He clarified this misconception during a conversation with film reporter Haricharan Pudipeddi, emphasizing that the accompanying image used to support these claims was from a past event during the Covid period.
Arvind Kejriwal's wife quite active, they seem inspired by Lalu, Rabri: Ravi Shankar Prasad
Ravi Shankar Prasad, who held the Law and Justice portfolio in the first seven years of Narendra Modi's Prime Ministership, was asked about the Aam Aadmi Party chief's refusal to give up his post, nearly a week after being arrested by the Enforcement Directorate in a case of money laundering.
"Hottest seat after Kashi": Ravi Kishan thanks PM Modi for Gorakhpur candidacy
Bhojpuri film star Ravi Kishan expressed gratitude to Prime Minister Narendra Modi and the BJP for re-nominating him from Gorakhpur for the upcoming Lok Sabha polls. He thanked the party's leadership for the opportunity to contest from the "hottest seat" after Kashi (Varanasi), and pledged to maintain their trust. PM Modi will contest from Varanasi for the third time, while Ravi Kishan will run from Gorakhpur, Yogi Adityanath's stronghold. The BJP's first list of candidates also includes heavyweights like Amit Shah and Rajnath Singh.
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 office of Gland Pharma's former promoter acquires GBJ Hotels
KP Advisory Services, the family office of the promoter Ravi Penmetsa, acquired the five-star property last week in Coimbatore under the corporate insolvency process, the people cited above said. Lenders unanimously voted for KP Advisory Services' Rs 185-crore plan. The resolution professional (RP) had admitted Rs 196 crore in claims, including trade creditors and banks. The offer from the family office of Gland Pharma’s ex-promoters equates to a recovery of 94% for creditors.
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