Thumbay Moideen among top Indian leaders in Arab world listed by Forbes

[email protected] (CD Network)
May 4, 2016

Dubai, May 4: Thumbay Moideen, the Founder President of Thumbay Group has been included in the Forbes' list of Top Indian Leaders in the Arab World' for the second consecutive year.

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The prestigious award was presented to Mr. Moideen at a glittering event held at Waldorf Astoria, Dubai Palm Jumeirah at 7:00 pm on Tuesday, 3rd May 2016, to celebrate the most successful and groundbreaking Indian leaders in the Middle East.

His Excellency Mr. T.P. Seetharam, Ambassador of India to the UAE delivered the keynote speech at the event. This year's event was the fourth edition of the awards which recognize the most powerful and prosperous of Indian heads in the Arab world who have set up some of the most successful companies in the Middle East, using their vision, ingenuity and formidable leadership to bring capital to their shareholders and investment into the economies of the region.

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After receiving the award, Mr. Moideen said that he was honored to figure in the list of top Indian leaders in the Arab world for the second consecutive year. “We take pride in these honors and recognitions, which motivate us further and add more responsibility to what we do.

While thanking Forbes for this prestigious recognition, I also thank my dedicated team for their hard work and commitment. I would also like to acknowledge the support of the Rulers of this great country, for their constant encouragement for our endeavors,” he added.

Founded by Mr. Thumbay Moideen in 1998, Thumbay Group is an international business conglomerate headquartered in DIFC - Dubai. The Group has successfully diversified into 14 different sectors in a span of just 17 years.

The Group today employs more than 3500 people, which will rise to 6000 with the completion of ongoing projects in the next two years, and to 15,000 employees by the end of 2020.

The Gulf Medical University, the leading private medical university in the region owned and operated by Thumbay Group has a student cohort of over 73 nationalities and faculty and staff from over 22 countries.

The Thumbay chain of hospitals, the constituent teaching hospitals of the Gulf Medical University, is one of the largest healthcare services provider in the UAE, serving over 2500 patients daily, from more than 175 countries. Apart from being an acknowledged leader in the health sector, Thumbay Group operates a reputed pharmacy chain, diagnostic centres, multi-brand retail outlets, world-class wellness centres, a prestigious chain of coffee shops, restaurants, popular health & lifestyle publication, etc.

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Comments

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Prof.M.Abubake…
 - 
Wednesday, 4 May 2016

CONGRATULATIONS SIR.

AbdurRahman Thumbe
 - 
Wednesday, 4 May 2016

Entire Thumbe village is proud of you sir.

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News Network
January 22,2020

Kochi, Jan 22: Rail passengers from Kerala are a happy lot as the state’s traditional food items such as appam and eggcurry, puttu and kadala curry have found their way back to the revised menu of the Railways in the wake of protests over reports that they were replaced by north indian delicacies.

The popular Kerala dishes were reinstated to the list following social media backlash over the Indian Railway Catering and Tourism Corporation’s reported decision to replace the favorite cuisine of Malayalis from its menu with north Indian dishes such as Kachori and Chole Bhature.

Ernakulam MP Hibi Eden, who had shot off a letter to Railway Minister Piyush Goyal raising the issue of alleged discrimination against Keralites, got an assurance from the IRCTC officials that popular items, including snacks such as unniyappam and sukhiyan will be served through its outlets in the state.

Eden said the IRCTC officials who visited him at his home on Wednesday morning have presented him with the list of delicacies to be served by its local vendors in Kerala. In his letter to the minister, the MP had stated that dishes which are very important to Malayalis for breakfast such as appam, egg curry, porotta, dosa, steam cake (puttu) were excluded along with snacks such as banana fry (pazham pori), kozhukkatta, unniyappam, neyyappam and sukhiyan.  He had also raised the issue of hike in price of food items.

According to him, price of meals has been increased from RS 35 to 70 and that ofsnacks such as vada from Rs 8 to 15.  While the price of vada has not been reduced, the fare of snack meal like parotta, chappathi, idiyappam, appam and puttu with kadala curry or egg curry will be served at Rs 50.  According to IRCTC, a passenger will have to shell out Rs 20 for unniyappam/sukhiyan/neyyappam, 2 numbers each.  Informing Goyal of the changes in menu, he said Malayalis are discriminated in trains and railway refreshment rooms by the food which is the right of every passenger.

He had sought urgent intervention of the Minister and speedy action in the matter.

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News Network
May 17,2020

Bengaluru, May 17: Karnataka Deputy Chief Minister and Transport Minister Laxman Savadi on Sunday wrote to Union Minister Nitin Gadkari requesting to issue new lockdown guidelines including permission to operate public transport and said the lockdown has caused a financial loss of Rs 16,00 crore to all four Karnataka Transport Undertakings.

In view of these problems, the state Transport Minister requested Gadkari to permit the deployment of Non-AC buses on scheduled routes to ensure the adequacy of services.

The four State Transport Undertakings (STUs) in Karnataka which are providing bus-based public transport services within the state and to the neighbouring states are Karnataka State Road Transport Corporation (KSRTC), North West Karnataka Road Transport Corporation (NWKRTC), North Eastern Karnataka Road Transport Corporation (NEKRTC) and Bangalore Metropolitan Transport Corporation (BMTC).

"KSRTC, NWKRTC and NEKRTC operate buses for mofussil services i.e. Interdistrict, intradistrict and interstate, whereas BMTC operates only in urban and suburban areas in the city of Bengaluru. The four STUs put together hold a fleet of about 24,900 buses including 1,520 air-conditioned buses and operate about 71.00 lakh km. per day and carries about 98.00 lakh passengers every single day," Savadi outlined in the letter.

The Minister said due to the COVID-19 outbreak and the lockdown that ensued have brought regular bus operations and functioning to a grinding halt.

"This has caused a devastating impact on the operations of all the four STUs due to the combination of lack of revenue and continuing fixed costs such as salaries and pensions to staff, payables against existing loans etc. It has been estimated that the lockdown has caused a financial loss of INR 1,600/- crore to these four STUs," he added.

Savadi said even after post-COVID lockdown, operations and revenues won't reach its previous demand& supply patterns in the next six to eight months due to reduced economic activity and users' perceived risk of contacting COVID in public transport.

In addition to that, "occupancy should be allowed up to seating capacity (without standees). This is essential to meet minimal demand," he said in the letter.

"The crew should wear facemask and hand gloves. The crew with health issues should not be deployed. The face masks should be made mandatory for all the passengers. Only asymptomatic persons should be allowed to travel in public transport. The Government of India may consider staggering working hours for various sectors to reduce peak hour traffic demand," the minister listed out these recommendations in the letter.

Savadi said that with social distancing norm of reduced seating capacity in public transport, it will not be possible to provide transport facility to all the daily passengers. This will create demand for more buses, which cannot be met.

"Restrictions on public transport will lead to passenger commute by overcrowding in smaller vehicles like cars, maxi cabs, goods tempos etc. which will adversely affect preventive measures," he added.

Therefore, Savadi requested Union Minister to look into the above matter and issue fresh guidelines to all the states / UT's.

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News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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