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Forensic Audit Points to Insider Trading by Atul and Rahul Kirloskar

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Eight years ago, on 6 October 2010, some members of the Kirloskar family including Atul Kirloskar and Rahul Kirloskar had sold 13.5% of Kirloskar Brothers Limited shares worth about ₹275 crore before financial results were reported on 8 October 2010. In 2012, the Securities and Exchange Board of India (Sebi) sent a letter to the company seeking transaction details. Following this, Kirloskar Brothers Limited hired law firm AZB and Partners to conduct a forensic audit to verify allegations of insider trading. The audit found that few members of the Kirloskar Family, including the two brothers, mis-stated in a regulatory disclosure that they were not in possession of unpublished price-sensitive financial information while seeking clearance to sell Kirloskar Brothers shares. The code of conduct for promoters and other key management personnel requires them to take the board’s clearance before transacting in the company’s shares. “The financial performance of Kirloskar Brothers w...

IBS Mumbai announces its Management Education Scope in India: Continues Successful Placements for Batch of 2019

Mumbai- November 29, 2018 : ICFAI Business School, Mumbai has emerged as a top preference of those aspiring for a programme in Management and is rated among the best B-Schools in India, IBS Mumbai. Distinguished for its perfect mix of knowledge and skills, IBS Mumbai prepares students for corporate careers. It provides state-of-the-art infrastructure at its expansive and beautiful campus of over one lakh square feet in the elite neighbourhood of Hiranandani Gardens Powai, Mumbai. Over 50% of the group’s international placements happen at IBS Mumbai.  The IBS Mumbai Career Management Centre has a strong industry network and leads other B-Schools in placing its students in Insurance, BFSI, IT & ITES, Media and Entertainment, Digital Marketing, and other sectors. Aiming at developing future leadership and global excellence, IBS Mumbai encourages students to share experiences, solve problems, take decisions, work in teams, take up live projects and organise events...

Truefitt & Hill - World’s oldest luxe barbershop from London comes to Koregaon Park

First outlet in Pune Total 19 outlets in India Pune:  29 th  November, 2018: Having groomed the Monarchs of Great Britain for 200 years through nine consecutive reigns, Truefitt & Hill (T&H) continues the legacy by bringing their sophistication to the most prestigious address in Pune, Koregaon Park. The uber millennial of KP can now dedicate a day to themselves for all their grooming needs as T&H brings their world renowned grooming services along with its first spa service in the city of Pune. Brought to India by the Lloyds Luxuries Ltd. , which has acquired the Master Franchise License for not just India but also Nepal, Bangladesh, Sri Lanka, Bhutan, Myanmar and Vietnam, the venture looks promising. Started by  Krishna Gupta  &  Istayak Ansari  in 2013, Lloyds Luxuries Ltd aims at creating an atmosphere of total relaxation and ultimate comfort for their male guests. Through this, they wish to encourage grooming for men greatness....

OLIVER SANDERSON TAKES OFF WITH BRITISH AIRWAYS DIRECTOR APPOINTMENT

Oliver Sanderson Executive Search have successfully assisted in the appointment of Angela Williams the new People Director for British Airways Natasha Makhijani, Group CEO of Oliver Sanderson worked closely with Alex Cruz, the CEO of British Airways to assist in the search and selection for the role of People Director, a Board Level position. “This was a fantastic opportunity for Oliver Sanderson, I am so privileged to have worked with Alex on this assignment and delighted that Angela Williams was selected” said Makhijani. “We can’t always go to market with the appointments we have made, however, we asked special permission on this significant hire, Angela is someone of tremendous caliber” continued Makhijani. “When Natasha approached me, I was delighted she facilitated the connection with Alex and the BA team: she’s tenacious and ensured communication channels were open at all times. I am delighted to have taken up this role and six months on I am enjoying contributing to th...

ALLEN Career Institute launches study center in Pune

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Two New Study Centers launched in Pune Students of Maharashtra will get India’s highest result producing academic system from the session 2019-20 ALLEN Career Institute, Kota is a trendsetter in the field of coaching for IIT-JEE & Pre-Medical and it has several records in its name. With the legacy of 30 years and trust of more than 9.25 lac students taught in classroom courses so far, today ALLEN is the most-refined learning platform with the strength of 6900+ team members and 22 study centers across India. Adding to the pan India presence with 23rd study center, ALLEN has expanded in Maharashtra State by launching two study centers in Pune. First Study center is located At A&T House, 1205/01/10, NanaSaheb DeshPande Path, Near Apte Road, Off Jangli Maharaj Road, Shivaji Nagar, Pune 411004. The second center is situated at Multi Planet, 711/C, Shankar Sheth Road, Opp. Kumar Pacific Mall, Pune 411002. During the launch, Sh. C. R. Chaudhary, Senior Vice President, ALL...

GoAir's 13th Anniversary Offer: Up to 13 Lakh seats on sale at Rs 1,313 (all-inclusive)

§     Up to 13 Lakh seats on sale at Rs 1,313 (all-inclusive) across all sectors §     Booking period – 05 th  November, 2018 to 18 th  November, 2018 §     Travel period – 05 th  November, 2018 to 04 th  November, 2019 §     On GoAir’s 13 th  Anniversary, travel all year round §     Offer available on first-come-first-serve basis Pune, November 05, 2018:   To celebrate its  thirteen s uccessful years , GoAir, the fastest growing LCC in the world, today announced its 13 th  anniversary special low fare offer to thank its customers. GoAir is offering its customers a 13 day special sale across all sectors with ticket starting as low as Rs 1,313 (all-inclusive) for the travel period from 05th Nov, 2018 to 04th Nov, 2019. These tickets are on-sale for purchase from 05 th  November, 2018 and available until 18 th  November, 2018. This offer is avai...

Digit Insurance Crosses 1mn Customers

Bangalore, INDIA, November 09, 2018  – Digit Insurance—a new age insurance company which aims to “Make Insurance Simple” today announced that they have crossed 1mn customers within 1 st  year of their business. An important aspect of growth so far that helped Digit Insurance achieve this customer milestone has been the super-fast and easy claims settlement across all products.   Digit’s claim process is completely paperless: 100% of travel flight delay claims are automated and are settled via customers’ smartphone Digit is also the first company to launch Advance Cash facility. 85% people opt for advance cash during mobile claims. Commenting on the achievement,  Digit’s Chairman, Kamesh Goyal  said, “Digit’s mission from the very beginning is constant ‘Simplifying Insurance’. In order to achieve this, we have made the claims process completely digital so that its fast and provides seamless customer experience. Additionally, we have reduced the docu...