Mohammad Mansoor honoured with Hind Ratan award 2019

coastaldigest.com news network
January 29, 2019

The Indian business diaspora across the globe convenes at the annual International Congress of NRI’s of Indian Origin conclave on the eve of the Republic Day to honor the best businessman of the year.

Continuing on that tradition the 70th Republic Day saw a new Hind Ratan Mohammed Mansoor, Managing Director of Exelon industries, Bahrain being felicitated in New Delhi.

Mansoor, who originally hails from Hejamadi in coastal Karnataka’s Udupi district has been at the forefront of the Industrial Revolution in Bahrain and has been the first few Indians to dominate the business scene in Manama. His contribution to the Industrial and social revolution of the Gulf State has been unparalleled. He has tied up with a host of Indian origin entrepreneurs to help build the Industrial sector in Bahrain.

He recently brought in SRAM & MRAM Group to Bahrain to help build the SME Sector in Bahrain in connection with the ASEAN Nations. His partnership with Dr. Sailesh Hiranandani has been a symbiotic association which could benefit both the companies build their operations. Exelon with its boots on the ground expertise and SRAM 8 MRAM with its global presence can actually build the best possible business association for each other.

Dr. Hiranandani, is the Chairman of SRAM & MRAM Group, a global conglomerate founded in 1995 currently with 8 international alliances, 10 group companies, spread across 5 continents, 35+.cations, 300+ employees and a sales turnaround of USD 300 Million (FY 2016-2017). SRAM & MRAM Group's core strengths are Agro-products and Information Technology, with footprints spread across multifarious services, verticals and operations viz., Neural Networks, Artificial Intelligence, Hedge Fund Management, FOREX Management, Hospitality Services 8 Solutions, Information Technology, Media & Publishing, Embedded Systems and infrastructure.

Dr. Sailesh Lachu Hiranandani, a fund manager, whose penchant for investments in tech startups has been renowned. He has been the brain behind the USD 950 Mn Private Equity deal for Energy Start-up Cosmo Solutions helmed by Mr. Nitin Mahendraprasad Gupta. Mr. Gupta a technocrat and a electronics genius has been at the forefront of negotiations with heads of state of 3 governments viz. South Africa, India and Cambodia for setting up his manufacturing centre for all his patented products.

Gupta was given a rousing welcome by Ms. Baleka Mbete, the speaker of the South African Assembly and was happy to launch all the products in Association with SRAM 8 Mr. Gupta. Currently Mr. Gupta is on a fact finding mission to launch the other products from his stable in both South Africa and the ASEAN. Mr.Gupta is in talks with the various dignitaries from the ASEAN to put up his ancillary offshoot of his products and has been receiving encouraging responses from almost all the countries he has been talking with.

Mr. Gupta has agreed to partner with SRAM 8 MRAM a. Dr. Sailesh Hiranandani on a long term basis and bring in a lot of his inventions to be marketed workwide with the help of SRAM Group and Dr. Hiranandani. In his latest acquisition, Dr. Hiranandani has in tie-up with Mr. Ajitabh Bachchan 8 his associates Dr. Jagvinder Singh Virk, Mr. Sunil Arora, Director, Mittal Infrastructure and Mr. Mahendra Joshi, Director, Mahendra Exports have decided to set up a base to work on various futuristic technologies predominantly in the alternative energy sectors and other solutions.

SRAM & MRAM is in the process of launching Hey Cab, a B2C cab hiring service on the lines of Uber and Grab in partnership with Master Tours and Travels owned by Rahul Shah in South Africa, Cambodia a. India. It would be first of its kind service which will eventually integrate all B2B service providers under one platform and take e-hailing as a business to the next level.

SRAM Associates Prasanna Shah along with his partners Raghav Kapoor, Mohit Seth and Kalpesh Raigandhi have expressed their happiness at an Indian being on the forefront of the businesses in Bahrain.

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News Network
October 7,2024

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New Delhi: Seeking to strengthen bilateral ties, India and the Maldives on Monday inked a currency swap agreement to the tune of $400 million, a move that would help the archipelago nation overcome foreign exchange reserve issues.

Prime Minister Narendra Modi and visiting Maldivian President Mohamed Muizzu also launched Rupay card in the Maldives, inaugurated the new runway at the Hanimadhoo International airport and agreed to further strengthen bilateral relations that had hit a rocky patch last year.

Muizzu, who is on a four-day state visit, held talks with Prime Minister Modi at the Hyderabad House here.

After the talks, India also handed over 700 social housing units to the Maldives built under the EXIM Bank’s buyer’s credit facilities.

"Today, we have inaugurated the redeveloped Hanimaadhoo Airport. Now, the Greater Male Connectivity Project will also be expedited. We will also support the development of a new commercial port in Thilafushi," Modi told reporters here with Muizzu by his side.

Modi said India and Maldives have decided to initiate discussion on the Free Trade Agreement to further strengthen economic ties.

The prime minister described Maldives as a "close friend" which had an important position in India's neighbourhood policy and SAGAR vision.

"India has always fulfilled the responsibilities of a neighbour. Today, we have taken up the vision of a comprehensive economic and maritime security partnership to give our mutual cooperation a strategic direction," Modi said.

Earlier, Muizzu was accorded a ceremonial welcome at the Rashtrapati Bhawan by President Droupadi Murmu. Prime Minister Modi was also present on the occasion.

Muizzu was given a tri-services guard of honour before he drove down the Rajghat to offer his respects at the memorial to Mahatma Gandhi.

The ties between India and the Maldives came under severe strain since Muizzu, known for his pro-China leanings, took charge of the top office in November.

Muizzu won the presidential election last year on the 'India out' campaign and asked New Delhi to withdraw its military personnel posted in the archipelago nation by May this year.

The bilateral ties also hit a rocky patch when Maldivian ministers were critical of Modi. However, Muizzu has since toned down his anti-India stance and even sacked ministers who were critical of the Indian prime minister.

As the Maldives was grappling with a serious economic downturn, India has decided to extend vital budgetary support to the Maldives government with the rollover of a $50 million Treasury Bill for another year.

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News Network
October 3,2024

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Bengaluru: The Karnataka Food Safety and Quality Department has issued an urgent warning following the discovery of potentially cancer-causing chemicals in cakes sold by certain bakeries across the state.

Recent tests conducted by the department revealed that some cake samples, particularly those with vibrant colors, contain harmful synthetic coloring agents such as Allura Red, a substance known to pose health risks. The findings have raised concerns about the use of artificial colors in bakery products, especially given their potential link to cancer and other serious health conditions.

"We routinely test various food products, and this time, our officials noticed unusually dark-colored cakes on the market," said Srinivas K, Commissioner of Food Safety for Karnataka. "Upon testing, we found that a few cakes contained Allura Red, a synthetic dye associated with health risks."

The use of artificial colors, especially in popular cakes like red velvet and pineapple varieties, is widespread as it attracts customers, particularly children. However, many bakers prefer using natural, safer alternatives, while some opt for synthetic dyes to enhance the cake's visual appeal.

"Most bakeries use permissible, natural colors that are safe for consumption. Unfortunately, a few are resorting to synthetic dyes just to make their cakes more attractive," said a bakery owner from Electronic City, speaking anonymously.

Medical experts are warning that consuming synthetic colors can lead to numerous health issues, including asthma and allergic reactions.

"Some of these artificial dyes are carcinogenic, and prolonged exposure could have serious consequences, especially for children and young adults," cautioned Dr. Vandana G, a private medical practitioner.

While the Food Safety and Standards Authority of India (FSSAI) confirms that only a limited number of samples tested positive for harmful colors, legal action is being taken against the violators.

"There is no need for widespread panic or halting production. We are closely monitoring the situation, and only a few bakeries were found to be non-compliant. Rest assured, appropriate legal measures are underway," assured an FSSAI official. 

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News Network
October 1,2024

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Mysuru: The Mysuru land authority at the centre of a financial and political storm - involving Chief Minister Siddaramaiah and alleged losses of ₹ 45 crore to the state - has received an offer of restitution from his wife, the urban development body's Commissioner, AN Raghunandan said.

"I am in possession of a letter written by Siddaramaiah's wife regarding her intention to return 14 plots (of land). The Chief Minister's son, Yatindra Siddaramaiah, came to our office and delivered the letter. We will take legal advice for the next step..." he told reporters in Mysuru.

Mr Raghunandan also confirmed anti-corruption officials from the city's Lokayukta branch had written seeking cooperation in its inquiry into the charges against the Chief Minister.

He said the Mysuru Urban Development Authority, or MUDA, "will cooperate with the investigation".

The Enforcement Directorate, however, have not reached out as yet, Mr Raghunandan said. The ED, a federal agency, has filed a money laundering case against Siddaramaiah.

There have also been calls for the CBI, another federal agency, to investigate charges against the Chief Minister, but that appears unlikely now given the Karnataka government has withdrawn general consent for its operations in the state. Law Minister HK Patil made the announcement last week.

He ruled out any link with demands for the Chief Minister to be investigated by the CBI, which reports to the BJP-led central government and the ruling Congress and other opposition parties have claimed is being used by that party to target rival leaders, particularly before elections.

On Monday - three days after the Lokayukta filed a case against the Chief Minister, and hours after the ED launched its probe- Siddaramaiah's wife said she had planned to give up the land earlier but was advised against it the allegations against her husband are "politically motivated".

But now, she said, she had made up her mind as "no house, plot, or wealth is more important than my husband's honor, dignity, and peace of mind". She also said the decision was hers alone; "... I am not aware of my husband's opinion on this matter, nor do I concern myself with what my son thinks".

And, in a comment seen as a calculated swipe at the opposition BJP, which is leading calls for the Chief Minister's resignation, his wife also made an emotional appeal to "all political parties and the media" to "please not drag women of political families into the controversy to settle political scores".

Investigative action against the Chief Minister follows the Karnataka High Court quashing a challenge to Governor Thawar Chand Gehlot's order sanctioning Siddaramaiah's prosecution.

Subsequently a trial court ordered framing of charges and directed the Lokayukta to complete the investigation within three months. The ED case was filed based on the Lokayukta FIR.

Siddaramaiah faces an inquiry into claims Parvathi was allotted 14 plots of land in an upmarket Mysuru area as compensation for land elsewhere - holding a far lower value - taken for infrastructure projects.

The Chief Minister has denied all charges and refused calls to resign.

He has been backed by the Congress and his deputy, DK Shivakumar, who is also the state unit boss, and also by members of his cabinet, including IT Minister Priyank Kharge. However, some within the Congress also want him to quit, such as former Assembly Speaker KB Koliwad.

"I will fight. I am not afraid of anything. We are ready to face the investigation. I will fight this legally," he said last week after the High Court had quashed his challenge to the Governor's sanction.

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