Faizal & Shabana Foundation donates AED 10 million to aid medical research

[email protected] (CD Network)
November 12, 2015

Dubai, Nov 12: In recognition of various philanthropic work conducted by the Faizal & Shabana Foundation – their Vice Chairperson Mrs. Shabana Faizal, daughter of Mr. B. Ahmed Hajee Mohiudeen, who hails from Thumbay, Mangalore was granted an audience with HRH Princess Haya bint Hussein, at her palace in Dubai.

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This comes just after the Faizal & Shabana Foundation and KEF Company Limited announced a landmark donation of AED 10 Million which was granted to Al Jalila Foundation to aid medical research on cancer, obesity, cardiovascular conditions, diabetes and mental health. In addition, the two entities will collaborate to exchange know-how from their respective global networks, and share the outcomes and findings of new research on health and wellness.
The KEF Company Ltd. is a new era social enterprise founded by Faizal E. Kottikollon, the company operates across India, the Middle East and Singapore. The company has six business verticals – KEF Infra, KEF Health, KEF Education, KEF Agri, KEF Metals and KEF Investments – that focus on the infrastructure, healthcare, education, agriculture, metals and investment sectors respectively. KEF’s industrial forte lies in its ability to create integrated business processes and deliver cutting-edge off-site construction technology and solutions, including precast, prefabricated bathrooms, joinery and aluminum glazing. The company applies this expertise to the creation and upgrades for essential infrastructure, such as educational, healthcare, hospitality, commercial and residential facilities.

KEF Holdings is guided by the philanthropic vision of its founder and Chairman Faizal E. Kottikollon and his wife Shabana Faizal, Vice Chairperson. The company, in close collaboration with stakeholders in the public and private sectors, actively drives, funds and supports high-impact social activities undertaken by the Faizal & Shabana Foundation.

KEF Holdings does this through providing innovative industrial technologies, products and processes designed to create shared value by increasing productivity, quality and sustainability.

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Comments

Firos Ahmed
 - 
Monday, 5 Dec 2016

Al Hamdullilah,Lot of people have rich but same time they are misers too,but its seems Mr.Faizal Kootikolan doing things from his heart which leads him success here and hearafter in sha allah.Do things for allah's sake not for public show off.I believe you are doing charity for allah's sake

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 - 
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News Network
March 6,2020

New Delhi, Mar 6: The Supreme Court on Friday refused to entertain a plea seeking framing of a proper mechanism to deal with alleged misuse of the sedition law by the government machinery. A bench headed by Justice A M Khanwilkar dismissed the plea filed by a social activist and said it was open for the petitioner to approach the appropriate authority.

At the outset, the apex court told advocate Utsav Singh Bains, appearing for the petitioner, that he could not seek quashing of an FIR in a sedition case filed against the management of a Karnataka school for allegedly allowing students to stage an anti-CAA and anti-NRC drama.

Bains told the bench that he was not just pressing for a prayer to quash the FIR but the petitioner has also sought a direction for framing of a proper mechanism to deal with the alleged misuse of the sedition law.

"Let the affected party come and we will hear them. Why it should be done at your instance," the bench said, refusing to entertain the petition.

The petition had sought quashing of the FIR against the principal and other staff of the Shaheen School at Bidar who have been booked under sections 124A (sedition) and 153A (promoting enmity between different groups) of the Indian Penal Code.

The plea had also sought an apex court direction for a proper mechanism to deal with alleged government misuse of the sedition law.

Section 124A of the IPC says that "whoever brings or attempts to bring into hatred or contempt, or excites or attempts to excite disaffection towards... the Government shall be punished with imprisonment for life...".

The plea had sought a direction to the Centre and the Karnataka government "to quash the FIR registered in connection of seditious charges against the school management, teacher and a widowed parent of a student for staging a play criticising CAA, NRC and NPR."

The petition had claimed that the police "also questioned students, and videos and screenshots of CCTV footage showing them speaking to the students were shared widely on social media, prompting criticism."

The drama was staged on January 21 by students of the fourth, the fifth and the sixth standard.

The sedition case was filed based on a complaint by social worker Neelesh Rakshyal on 26 January.

The complainant alleged that the school authorities "used" the students to perform a drama where they "abused" Modi in the context of the Citizenship (Amendment) Act and the National Register of Citizens.

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News Network
June 18,2020

Bengaluru, Jun 18: Examination for PU II English paper, which was postponed for more than three months due to threat of Coronavirus, was held on Thursday across the state.

The authorities were forced to postpone the examination of the English subject, scheduled in March, abruptly due to the threat of Covid-19 which spread like wildfire and has so far claimed lives of more than 100 in the state.

There are over 1,016 examination centres across the state. All the students were put to thermal scanners and were ensured wearing face masks. Each centre has sanitisers. Those with cold, cough and fever were assigned a separate room.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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