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Thumbay Moideen receivesGlobal Leader' honor at NDTV Gulf Indian Excellence Awards 2016

[email protected] (CD Network)
December 13, 2016

Dubai, Dec 13: To celebrate remarkable contribution in healthcare and education services across UAE, NDTV honored Mr. Thumbay Moideen, the founder president of Thumbay Group the title of “Global Leader” at the Gulf Indian Excellence Awards on Sunday, 11th December 2016. The award was presented at a gala function held at Hyatt Regency, Dubai Creek Heights, attended by leading Indian businessmen and professionals from the Gulf region.

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Mr. Moideen was accorded the prestigious recognition for his accomplishments as an Indian entrepreneur in the Gulf region that has pioneered the transformation of education and healthcare business into a multi-disciplinary conglomerate with global presence, operating over 20 brands spread across 18 sectors.

Receiving the award, Mr. Moideen said, “I am humbled to receive this recognition. It is a great feeling when your accomplishments are recognized at global forums. Moreover, this award comes at a time when we are expanding our businesses in India, in a big way.”

Mr. Moideen also led the panel discussion on the topic “Time to Bridge the Gulf,” conducted as part of the awards ceremony. The discussion touched upon the various subjects where the UAE and India share a common interest, and explored ways to convert mutual relations into a strategic partnership. The other participants included Mr. Vicky Kapoor (Associate Editor – Khaleej Times), Mr. Shaji Ul Mulk (Chairman – Mulk Holdings) and Mr. Kulwant Singh (President – IBPC). A second panel discussion led by Dr. B. R. Shetty, Chairman – NMC Group had the topic “Heralding the partnership in a new era.”

Mr. Moideen said that after Thumbay Group's accomplishments in the UAE, the group was expanding to Africa and the Indian subcontinent, with major projects scheduled to be completed within 2022. The launch of Thumbay Hospital, Thumbay Pharmacy, Thumbay Labs and Blends & Brews Coffee Shoppe in Hyderabad earlier this year marked the group's foray into India, and future plans include university campuses and a series of teaching hospitals in the major metros. University and hospital projects are underway in Africa as well, with the first ones expected to become operational soon. Thumbay Group has also opened representative offices in 20 different countries. Elaborating on the group's strategic plans, which includes 15 Thumbay academic hospitals in the next five years, Mr. Thumbay Moideen said, “The Thumbay academic hospital network will have a total of 1000 beds in the UAE, 1500 beds in India and 750 beds elsewhere in the Gulf and Africa, by 2022.”

About Thumbay Group

Founded by Mr. Thumbay Moideen in 1998, Thumbay Group today operates more than 20 brands across 18 different verticals including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Opticals, Wellness, Nutrition Stores, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism, Trading and Marketing & Distribution. Headquartered in Dubai, the group presently employs around 5000 people, which is projected to increase to around 20000 by the year 2022, with the completion of ongoing and upcoming projects. Currently, Thumbay Group is focusing on its strategic long-term plans which will see the group scale its businesses almost ten times and expand its operations globally.

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Comments

ABDUSAMAD NANDAR
 - 
Thursday, 15 Dec 2016

masha allah tabarakallh! sir, alf alf mabrouk. with dedication and hardwork you achieved this height. may almighty shower his blessings and insha allah during coming years, we wish you will be included in the list of global business achievers.

Ahmed Bava Valavoor
 - 
Wednesday, 14 Dec 2016

Masha Alla
Congratulation Brother Mr. Moideen Thumbay all the very best may Almighty Allah bless you and all of us.

PROF.M.ABUBAKE…
 - 
Tuesday, 13 Dec 2016

Congratulations Sir. May Almighty Allah keep you rewarded for your best work. ameen May Almighty Allah give you and your family members strength and long life to do the services forever. ameen.

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Agencies
February 8,2020

Mumbai, Feb 8: Anil Ambani, the brother of Asia’s richest man has pleaded poverty in his dispute with three Chinese banks seeking $680 million in defaulted loans.

“The value of my investments has collapsed,” Anil Ambani said, according to a court filing by the banks in a London lawsuit.

“The current value of my shareholdings is down to approximately $82.4m and my net worth is zero after taking into account my liabilities. In summary, I do not hold any meaningful assets which can be liquidated for the purposes of these proceedings.”

The lawsuit was filed by three state-controlled Chinese banks which argue that they provided a loan of $925 million to Ambani’s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. The comments were disclosed on Friday as Ambani sought to avoid depositing hundreds of millions of dollars with the court ahead of a trial.

The embattled Indian tycoon says that while he agreed to give a non-binding “personal comfort letter,” he never gave a guarantee tied to his personal assets -- an “extraordinary potential personal liability.”

The 60-year-old is the brother of Mukesh Ambani, who’s worth $56.5 billion and is the wealthiest man in Asia. Anil, on the other hand, has seen his personal fortune dwindle over recent years, losing his billionaire status. His Reliance Communications filed for bankruptcy last year.

The banks asked Judge David Waksman to force Ambani to put up $656 million into the court’s account.

Representatives for Ambani’s Reliance Group said they couldn’t immediately comment. They said the group will issue a statement once the court issues the final order.

Ambani’s lawyer, Robert Howe, said the court shouldn’t order his client to make a payment he can’t make. The tycoon argues that an order requiring him to do so would hinder his ability to defend himself in the case, Howe said.

“There’s no evidence of some giant pot of gold that he can pull $1 million, let alone $10 million, let alone $100 million,” Howe said.

Bankim Thanki, an attorney representing Industrial & Commercial Bank of China Ltd., China Development Bank and the Export-Import Bank of China, said in a filing that Ambani’s statements are “plainly a yet further opportunistic attempt to evade his financial obligations to the lenders.”

Ambani was caught up in another legal wrangle last year when India’s Supreme Court threatened him with prison after Reliance Communications failed to pay Rs 5.5 billion ($77 million) to Ericsson AB’s Indian unit. The judges gave him a month to find the funds, and his brother, Mukesh, stepped in just in time to make the payment.

Anil said in a filing that he recognized that the judge would want to know if he could satisfy any order to put up funds from outside resources, including his family.

“I can confirm that I have made enquiries but I am unable to raise any finance from external sources,” he said. Judge Waksman had said in an earlier ruling that he believed Ambani’s defence would be shown to be “opportunistic and false.”

Ambani’s lawyer told the judge that as a result of the comments the tycoon’s relatives were unlikely to lend any funds.

There is a “very substantial risk they will never get it back,” Howe said.

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coastaldigest.com news network
August 3,2020

Bengaluru, Aug 3: Karnataka Chief Minister BS Yediyurappa tweeted late Sunday night that he had tested positive for the novel coronavirus. 

In a brief post on Twitter, Mr Yediyurappa said that he was fine but had been hospitalised on the advice of doctors. While his daughter Padmavathi has also tested positive for the virus, the Chief Minister's son, Vijayendra, has tested negative.

The Chief Minister's media team has said he has been admitted to Manipal Hospital. Mr Yediyurappa, 77, also requested those who had come in contact with him to be wary of Covid symptoms and self-isolate.

"I have tested positive for coronavirus. Whilst I am fine, I am being hospitalised as a precaution on recommendation of doctors. I request those who have come in contact with me recently to be observant and exercise self-quarantine," the Chief Minister's tweet read.

The testing of the Chief Minister was done as part of the routine weekly tests he undergoes along with his staff. The results of Mr Yediyurappa's gunmen and security staff, around 50 of them, are expected today.

Staff members at Mr Yediyurappa's home office, Krishna, had tested positive early last month. 

At that time Mr Yediyurappa said: "I am going to discharge my duties from home from today for the next few days in view of some of the staff in the office-cum-residence Krishna testing positive".

Mr Yediyurappa had also met Karnataka Governor Vajubhai Vala in Bengaluru on Friday. State Home Minister Basavaraj Bommai was also present at the meeting.

The Chief Minister is the second high-profile political leader to confirm testing positive for COVID-19 today; hours earlier Union Home Minister Amit Shah tweeted similar news.

Mr Shah, 55, too said he was "fine" and that he had been hospitalised on the "advice of doctors".

The minister also asked all those who had been in contact with him over the last few days to "please isolate yourself and get your tests done".

The Home Minister was at a cabinet meet last week, at which top colleagues, including Prime Minister Narendra Modi, Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman were present.

All Covid norms, including social distancing, were followed at that meeting, sources said.

Last month Madhya Pradesh Chief Minister Shivraj Singh Chouhan tested positive for the virus as well. He has been in hospital since then and tweeted today to say that he was well and, minutes after Mr Yediyurappa tweeted his Covid positive status, he posted a get-well-soon message.

"I pray to God for your speedy recovery, Yediyurappaji," Mr Chouhan wrote.

Mr Chouhan had tweeted a message for Mr Shah too. "Home Minister Amit Shah, may God help you recover soon, so you can serve the nation with full energy. Our best wishes are with you," his tweet read.

Former Karnataka Chief Minister Siddaramaiah also tweeted, saying: "I wish BS Yediyurappa a speedy recovery and to return with good health to continue his work for the people".

Tamil Nadu Governor Banwarilal Purohit also tested positive today, Chennai's Kauvery Hospital, where he has been admitted, said. He is asymptomatic and clinically stable.

On Sunday morning the virus claimed the life of a UP minister - Kamal Rani Varun, 62, died at Lucknow's Sanjay Gandhi Postgraduate Institute of Medical Sciences.

Over the last 24 hours, 54,735 cases were reported, taking the total number of cases to 17,50,723, data from the Health Ministry showed.

The continuing spike in cases over the past weeks comes as India gradually re-opens its economy after more than four months of the world's strictest lockdown. Unlock3, the third phase of easing of restrictions, came into effect on Saturday.

It took just 185 days for India to cross the 17-lakh mark after the first case was reported in Kerala in January; it took 110 days to record the first 1 lakh cases. More than 60 per cent of total cases in the country and over 50 per cent of total deaths have been recorded in July.

Also Read: Karnataka CM is in clinically stable condition: Manipal Hospital

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News Network
August 7,2020

Bengaluru, Aug 7: The results of Karnataka Secondary School Leaving Certificate (SSLC) examinations will be announced on Monday, August 10.

Primary Education Minister S Suresh Kumar said, "The results will be announced at about 3 pm on August 10."

This year, over 8.50 lakh students appeared for the exams amidst the Covid-19 pandemic fear across the state.

The department conducted the exams successfully despite resistance from various quarters and pressure to postpone the exams.

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