1. Home
  2. Sahara group claims to create 56,000 jobs

Sahara group claims to create 56,000 jobs

[email protected] (PTI)
February 2, 2014

Sahara_groupNew Delhi, Feb 2: Sahara group, whose legal battle with SEBI continues in Supreme Court over refund of over Rs 20,000 crore to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore.

In three-page newspaper advertisements, the group has invited applications for senior positions across business verticals within and outside country and said that these more than 56,000 new jobs need to be filled by the end of 2014.

At the same time, it has also claimed that the group, which calls itself Sahara India Parivar, is “committed to creating four lakh salaried positions in next three years.”

The businesses for which job applications have been invited include FMCG & retail, dairy, poultry, luxury real estate and lifestyle, food factory, low-cost housing, CSR, education and even cruises (Sahara Water Homes).

Besides job details, the group also disclosed specific investment targets for at least four business verticals and these investments total to an amount of Rs 32,394 crore.

For its "Luxury Retail: Sahara Global Mastercraft Ltd" business, the group said that an investment of Rs 1,400 crore would be made over five years, while Rs 5,172 crore would be invested in Food & Beverages and Entertainment: QSR (Quick Service Restaurants).

Its "International Business: Macedonia (Europe)" business is expected to see an investment of Rs 13,922 crore in dairy project and Rs 9,600 crore in hospitality project.

Further, healthcare would seen an investment of Rs 2,300 crore for 5-7 years, according to the public notice.

The group also claimed a huge asset base with a market value of “Rs 1,52,518 crore” and a land bank of 36,631 acres.

This massive recruitment drive comes at a time when the group is caught in a legal battle with SEBI, which had charged it of raising over Rs 24,000 crore through various “illegalities” in issuance of certain bonds through two firms.

These two firms — Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC) — were asked to refund the money to investors, while the Supreme Court also asked the group to comply with SEBI orders.

Sahara group later deposited Rs 5,120 crore with SEBI and claimed that it was way above the outstanding amount due to be returned to investors as more than Rs 20,000 crore were already refunded directly.

The Supreme Court has refused to allow Sahara Group chief Subrata Roy to leave the country till the companies provide details of refunding Rs 20,000 crore to investors.

The apex court last week asked the group to furnish all the documents to reveal the source of Rs 22,885 crore which it claims to have refunded to the investors.

Besides, the group was directed to place all documents including the bank statements sought by SEBI before February 11 when the court would take up the case for further hearings.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Media Release
January 14,2020

Mangaluru, Jan 14: The Star Education Institute organized Talents day celebration on 14th January 2020.

This program was presided by Janab Muhammed Saleem Malar, the Director of Star Education Institute, who gave the message about the encouragement of students talent.

The Chief guest of today’s program was Sunil Kumar Bajal , Ex- President old students union Mangaluru, who gave a message about Young generation and their role in the development of the nation.

Mrs. Prabha Naveen, Principal of Star Education Institute who gave the report of the activities of the Institute.

Mohammed Fatheen SPL and Zohara Farahath Secretary were also present on the dias.

Miss. Raksha P. J Science faculty welcomed the gathering. Miss Dipthi D’silva, Commerce faculty and Miss. Thanushree Computer faculty call out the prize list. Mrs. Deepa Lokanath, Commerce faculty proposed a vote of thanks. This programme was anchored by Mrs. Mohini. S. Thereafter the cultural programme was presented by the students.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
August 9,2020

The core objective of the new National Education Policy (NEP), which has given freedom for amalgamation of different concepts, will be translated into action through the National Curriculum Framework, CBSE director said on Friday.

CBSE Director Biswajit Saha made the comments during an e-conclave on the new NEP organised by the PHD Chamber of Commerce and Industry.

“The core objective of the policy will be translated into action through the National Curriculum Framework (NCF), which needs more participatory approach. The policy has given freedom for amalgamation of different concepts and multidisciplinary approach. The NCF will give a roadmap for implementation of reforms laid down in the policy,” he said.

Saha said the training required for competency-based education and learning outcomes can be achieved with progressive participation of stakeholders.

“There could be a debate about the training required for competency-based education and learning outcomes but once we have decided we want to do it, it can be achieved with progressive participation of stakeholders. It is a forward-looking policy,” the Central Board of Secondary Education (CBSE) director said.

The NEP approved by the Union Cabinet replaces the 34-year-old National Policy on Education framed in 1986 and is aimed at paving the way for transformational reforms in school and higher education systems to make India a global knowledge superpower.

Choice between 3 or 4 year undergraduate courses, multiple entry and exit options in degree courses, adding 3.5 crore seats in higher education institutions, which will now have a single regulator, discontinuation of M.Phil programmes and fixation of fees are among the higher education reforms outlined in the new NEP.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Media Release
January 8,2020

Mangaluru, Jan 8: The centenary year of St. Agnes College got off to a grand start on January 3, 2020 with a day of commemoration that involved staff, students, alumni and benefactors. The college is all set to celebrate its centenary with the community of Mangaluru on January 10, 2020 from 9.30 a.m. to 6.30 p.m with a daylong festival – Knowledge Factory. It will be held at the newly inaugurated air-conditioned auditorium with over 1000 attendees expected to be present. 

KNOWLEDGE FACTORY is the first of the five mega centenary programmes that St. Agnes College has envisaged.  The Promise Foundation and niiti Consulting – two organisations headquartered in the national capital under the mentorship of veteran journalist Madhavan Narayan are collaborating with the college to bring this event to Mangaluru for the first time.  A dozen icons will share the stage throughout the day and bring forth their thoughts and ideas enabling a culture of learning through fire-side chats and keynotes. 

The speakers include Lisa Ray, Indo-Canadian Actor and Author; Sunil Buch, Director, Live Nation; Dipannita Sharma, Actor and Supermodel; Kriti Tula, Co-Founder and Creative Director, Doodlage; Nandini Srikar, Singer and Composer; Prakash Belawadi, Movie and Theatre Actor,  Manasi Paresh Kumar, Senior Journalist; Swati Pande, Co-Founder and CEO, Arboreal; Anuradha Kedia Parekh, Co-Founder, The Better India; Arokiaswamy Velumani, Founder and Chairman, Thyrocare Technologies; Heena Sidhu, the former world  number 1 pistol shooter. The event anchor will be the celebrity news reader Rini Simon Khanna who has been anchoring the event since its first edition in 2017.

Gaurava Yadav, a well-known quiz master will conduct a quiz focussed on History.  Based on a written prelims that will take place at 8.15 am in the designated room, four teams of two members each will compete in the finals at 4.45 pm. The winning team will receive a prize of INR 30,000 and the runner up team will receive INR.20,000/-    

The event is put together by social entrepreneurs - Meena Vadiyanathan and Amith Prabhu (who is of Mangalorean origin). All who desire to attend the event and participate in the quiz may buy donor passes costing Rs 500/- per head which includes lunch.  Sale of donor passes will close on the 8th. The college cordially invites the community of Mangaluru to join hands with it in making this programme a great success. 

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.