Companies & Sectors
Cheating cases against Unitech officials settled
New Delhi : A court here on Thursday settled a cheating case against Unitech officials after the complainants said they have received payment and did not want to pursue the matter further.
 
Additional Chief Metropolitan Magistrate Gaurav Rao observed that the complainants settled the matter with Unitech officials in the Lok Adalat and acquitted the accused -- Unitech chairman Ramesh Chandra, managing directors Sanjay Chandra and Ajay Chandra and group director Minoti Bahri.
 
A complaint was filed by chartered accountant Sanjay Kalra and his business partner Deepak Wadhwa, claiming that they had booked a property in Habitat Apartments in Greater Noida developed by Unitech but they were not given possession.
 
Despite the court's earlier order, Unitech did not refund them the complete payment, they said in the complaint.
 
A magistrate's court here on January 11 sent the Unitech chairman, the two managing directors and the director to 14 days' judicial custody in the alleged cheating cases filed by the two investors but the sessions court later granted them interim bail.
 
Wadhwa on Thursday told the court that he has received the payment and has no personal grievance against them. He also said he does not want to pursue the matter further.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Overall Indian retail market may touch $1,200 bn by 2020: Report
New Delhi : The overall Indian retail market has the potential to grow from $630 billion in 2015 to $1,100-1,200 billion by 2020, indicates a CII-BCG report on retail industry.
 
"Organized retail and ecommerce will grow rapidly to be $140-160 billion and $45-50 billion respectively by 2020. Retail sector will reap the benefits of a large, young population adding to the workforce, 70 percent increase in income levels, nuclearization of families and increasing urbanization," said "Retail transformation: Changing your performance trajectory", which will be unveiled at the CII National Retail Summit on Friday, according to a CII release. 
 
The report, which assesses the impact of retail trends and imperatives for retailers to win in this emerging landscape, also highlights the challenges faced by Indian organized retailers in terms of value conscious & digitally connected consumers, lower bargaining power against suppliers, strong competition from traditional retailers & ecommerce as well as regulatory barriers.
 
It says that a transformation effort that can change the performance trajectory of a company can be undertaken. 
 
"Senior leadership needs to therefore craft a large- scale transformation agenda based on three priorities - winning in the medium term to establish competitive advantage through strategic/ structural moves, Rapid cash release in the short term from current business to fund the journey and building capabilities to be future ready," it said.
 
CII director general Chandrajit Banerjee said: "The retail sector is on the path of a transformational journey. Such a path would require arduous and strategic planning of the future by both stakeholders and government, keeping in mind the changing patterns in consumer behaviour, the galloping pace of e-commerce and omni-channel shopping which is redefining the ecosystem, and the critical need to expand the base of organized retail."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

'The Revenant' rules over Oscar nominations list
Los Angeles : Filmmaker Alejandro Gonzalez Inarritu's semi-biographical western film “The Revenant”, starring Leonardo DiCaprio, has bagged 12 nods at the upcoming 88th Academy Awards. However, Indian films failed to make it to the list yet again.
 
The nominees of this year's Oscars were announced here on Thursday by Academy President Cheryl Boone Isaacs, actor John Krasinski and filmmakers Guillermo del Toro and Ang Lee.
 
The team of “The Revenant”, who now stand a chance to win in categories like Best Film Editing, Best Cinematography, Best Visual Effects, Best Costume Design and Best Sound Mixing, might also walk away with top honours including Best Picture and Best Director.
 
The film is followed by Tom Hardy and Charlize Theron-starrer “Mad Max: Fury Road”, which is nominated in 10 categories, and Matt Damon's “The Martian”, which received seven nods.
 
Filmmaker George Miller's "Mad Max: Fury Road" -- the fourth instalment in the popular “Mad Max” franchise -- is up for the Oscars under the same ten categories as “The Revenant” except for the Actor in a Leading Role and Actor in a Supporting Role.
 
Meanwhile, “The Martian”, a sci-fi film directed by Ridley Scott, is nominated under categories like Best Picture, Actor in a Leading Role, Best Adapted Screenplay, Best Production Design, Best Visual Effects, Best Sound Mixing and Best Sound Editing.
 
Apart from these three films, others contending for the Best Picture award are “Spotlight”, “The Big Short”, "Brooklyn", "Room" and “Bridge of Spies” -- a Steven Spielberg and Reliance Entertainment Film production.
 
Actor Eddie Redmayne, who won last year's Oscar for best actor for his role in “The Theory of Everything”, has yet again been nominated in the Actor in a Leading Role category for playing a transgender in “The Danish Girl”. He will be battling it out against DiCaprio (“The Revenant”), Matt Damon (“The Martian”), Michael Fassbender (“Steve Jobs”) and Bryan Cranston (“Trumbo”).
 
Besides Inarritu and Miller, others competing for the Best Director trophy include Tom McCarthy for “Spotlight”, Adam McKay for “The Big Short” and Lenny Abrahamson for “Room”.
 
Actresses Brie Larson (“Room”), Saoirse Ronan (“Brooklyn”), Cate Blanchett (“Carol”), Jennifer Lawrence (“Joy”) and Charlotte Rampling (“45 Years”) will be vying for the golden statuette in the Actress in a Leading Role category.
 
Sylvester Stallone (“Creed”), Mark Rylance (“Bridge of Spies”), Mark Ruffalo (“Spotlight”), Christian Bale (“The Big Short”) and Tom Hardy (“The Revenant”) will be vying for the Actor in a Supporting Role trophy.
 
Actresses Rooney Mara (“Carol”), Jennifer Jason Leigh (“The Hateful Eight”), Alicia Vikander (“The Danish Girl”), Kate Winslet (“Steve Jobs”) and Rachel McAdams (“Spotlight”) will be seen competing against each other for the Actress in a Supporting Role award.
 
Although, Indian film “Court” couldn't make it to the Best Foreign Language Film category, the movies which are contending in the top five include “Son of Saul”, “Mustang”, “A War”, “Embrace of the Serpent” and “Theeb”.
 
Other Indian regional films like "Jalam", "RangiTaranga" and "Nachom-ia Kumpasar", which were vying for a spot in the Best Original Song and the Best Original Score have also been ousted from the Oscar race. 
 
The films lost to “Earned it” (“Fifty Shades of Grey”), “Manta ray” (“Racing Extinction”), “Simple song 3” (“Youth”), “Til it happens to you” (“The Hunting Ground”) and “Writing’s on the wall” (“Spectre”) in the Best Original Song category.
 
In the race to win the Best Original Score, the nominees are “Bridge of Spies”, “Carol”, “The Hateful Eight”, “Sicario” and “Star Wars: The Force Awakens”.
 
Apart from categories related to music and acting, “Carol” has also been nominated for Best Adapted Screenplay, Best Cinematography and Best Costume Design.
 
British filmmaker of Indian-origin Asif Kapadia's “Amy” has made it to the Best Documentary Feature category in a race against “Cartel Land”, “The Look of Silence”, “What Happened, Miss Simone?” and “Winter on Fire: Ukraine’s Fight for Freedom”.
 
Also, Indian-American Pixar artist and director Sanjay Patel's animated short film "Sanjay's Super Team" managed to get nominated in the Best Animated Short Film category, where it is up against “Bear Story”, “World of Tomorrow”, “Prologue” and “We Can’t Live Without Cosmos”.
 
To be hosted by Chris Rock, the 88th Academy Awards will be held on February 28 at the Dolby Theatre here.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)