Infosys employee from Guntur among Sydney hostages

December 15, 2014

Hyderabad, Dec 15: Ankireddy Vishwakant, the Indian among the hostages being held by a gunman in a Sydney cafe, hails from Guntur district of Andhra Pradesh and is an employee of software giant Infosys.Vishwakanth

The company has informed about the incident to his family in Guntur district.

Anikreddy's father Ishwar Reddy said he had left for the office in the morning and around 10 a.m. had gone to the cafe when a gunman took him and 29 others hostage.

Ishwar Reddy spoke to his daughter-in-law in Sydney over phone to gather more details.

She told him that the police officers assured her that the operation to secure safe release of hostages would be over in a day.

The hostage's father said the demands of the gunman were still not known. He also received the information that the gunman provided food to the hostages.

Anikreddy was living in Australia for six years along with his wife. The couple has a daughter. He has been working on Infosys project works with the banks in Australia.

After working for a project with National Australian Bank in Melbourne, he had moved about a year ago to Sydney to work as senior project manager with another bank.

Ishwar Reddy said his son was recently conferred Australian citizenship.

Hailing from Gangireddy Palle in Guntur district, Anikreddy is an alumnus of BITS Pilani. He worked for a couple of banks in the US before returning to India for marriage seven years ago.

He secured a job in Infosys, which sent him to Australia for project work.

Infosys said in a statement: "We can confirm that one Infosys employee is among the hostages at the Lindt Cafe in Sydney. We are also in the process of confirming the whereabouts of all our other employees in the city."

"We are in constant touch with the local authorities and Indian Consulate in Sydney for updates on the situation on ground."

It added: "We hope that this situation gets resolved peacefully and at the earliest. Our prayers are with the families of all involved."

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March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
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New Delhi, Mar 25: The total number of positive coronavirus cases in India have climbed to 606, said Ministry of Health and Family Welfare on Wednesday.
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Ten people have died from the disease while one case has migrated, the Ministry further informed.
Meanwhile, Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.
In a televised address to the nation, Prime Minister Modi said that it is vital to break the chain of the disease and experts have said that at least 21 days are needed for it.

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July 16,2020

New Delhi, Jul 16: The Rajasthan High Court will hear Thursday afternoon a petition filed on behalf of the Sachin Pilot camp, challenging a move to disqualify dissident MLAs from the state assembly.

The plea against the disqualification notices sent from the Speaker’s office to Pilot and 18 other Congress MLAs will be heard by Justice Satish Chandra Sharma.

The 19 MLAs were sent notices Tuesday by the Speaker after the Congress complained that the MLAs had defied a party whip to attend two Congress Legislature Party meetings. 

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