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Forensic Audit Points to Insider Trading by Atul and Rahul Kirloskar

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Eight years ago, on 6 October 2010, some members of the Kirloskar family including Atul Kirloskar and Rahul Kirloskar had sold 13.5% of Kirloskar Brothers Limited shares worth about ₹275 crore before financial results were reported on 8 October 2010. In 2012, the Securities and Exchange Board of India (Sebi) sent a letter to the company seeking transaction details.
Following this, Kirloskar Brothers Limited hired law firm AZB and Partners to conduct a forensic audit to verify allegations of insider trading. The audit found that few members of the Kirloskar Family, including the two brothers, mis-stated in a regulatory disclosure that they were not in possession of unpublished price-sensitive financial information while seeking clearance to sell Kirloskar Brothers shares. The code of conduct for promoters and other key management personnel requires them to take the board’s clearance before transacting in the company’s shares.


“The financial performance of Kirloskar Brothers was discus…

IBS Mumbai announces its Management Education Scope in India: Continues Successful Placements for Batch of 2019

Mumbai- November 29, 2018: ICFAI Business School, Mumbai has emerged as a top preference of those aspiring for a programme in Management and is rated among the best B-Schools in India, IBS Mumbai. Distinguished for its perfect mix of knowledge and skills, IBS Mumbai prepares students for corporate careers. It provides state-of-the-art infrastructure at its expansive and beautiful campus of over one lakh square feet in the elite neighbourhood of Hiranandani Gardens Powai, Mumbai. Over 50% of the group’s international placements happen at IBS Mumbai.  The IBS Mumbai Career Management Centre has a strong industry network and leads other B-Schools in placing its students in Insurance, BFSI, IT & ITES, Media and Entertainment, Digital Marketing, and other sectors. Aiming at developing future leadership and global excellence, IBS Mumbai encourages students to share experiences, solve problems, take decisions, work in teams, take up live projects and organise events, develop entrepreneur…

ALLEN Career Institute launches study center in Pune

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Two New Study Centers launched in PuneStudents of Maharashtra will get India’s highest result producing academic system from the session 2019-20

ALLEN Career Institute, Kota is a trendsetter in the field of coaching for IIT-JEE & Pre-Medical and it has several records in its name. With the legacy of 30 years and trust of more than 9.25 lac students taught in classroom courses so far, today ALLEN is the most-refined learning platform with the strength of 6900+ team members and 22 study centers across India. Adding to the pan India presence with 23rd study center, ALLEN has expanded in Maharashtra State by launching two study centers in Pune. First Study center is located At A&T House, 1205/01/10, NanaSaheb DeshPande Path, Near Apte Road, Off Jangli Maharaj Road, Shivaji Nagar, Pune 411004. The second center is situated at Multi Planet, 711/C, Shankar Sheth Road, Opp. Kumar Pacific Mall, Pune 411002.



During the launch, Sh. C. R. Chaudhary, Senior Vice President, ALLEN Career Ins…

Radisson Blu Pune Hinjawadi gears up for ‘the’ cake mixing of 2018 in style!

Radisson Blu Pune Hinjawadi has churned out something, which can only be called the right ingredient to make life a little tastier for this year. A cake mixing ceremony was held, which was special in many ways. This ceremony marked the onset of Christmas festivities with rejoicing the liberty to be who you are. This grand affair was a carnival of ‘freedom to love’ and also beginning of the end of prejudices. It was a gala evening for everyone who love life and celebrate being loved every single day. The event was graced by the prominent members of LGBTQ community of the city like Sonali Dalvi, Niki Ray and not to be missed, Ashish Chopra who emerged to be the 1st runner up of Mr. Gay World India Pageant 2018. Speaking about the event, Pankaj Saxena, General Manager of Radisson Blu Pune Hinjawadi said, “As the year starts with its last lap of journey, it is the right time to do something special. We, therefore thought of celebrating the freedom of love and to be different every moment…

GoAir's 13th Anniversary Offer: Up to 13 Lakh seats on sale at Rs 1,313 (all-inclusive)

§Up to 13 Lakh seats on sale at Rs 1,313 (all-inclusive) across all sectors §Booking period – 05th November, 2018 to 18th November, 2018 §Travel period – 05th November, 2018 to 04th November, 2019 §On GoAir’s 13th Anniversary, travel all year round §Offer available on first-come-first-serve basis

Pune, November 05, 2018:To celebrate its thirteen successful years, GoAir, the fastest growing LCC in the world, today announced its 13th anniversary special low fare offer to thank its customers. GoAir is offering its customers a 13 day special sale across all sectors with ticket starting as low as Rs 1,313 (all-inclusive) for the travel period from 05th Nov, 2018 to 04th Nov, 2019.
These tickets are on-sale for purchase from 05th November, 2018 and available until 18th November, 2018. This offer is available across all routes that GoAir operates.
GoAir has initiated this exclusive offer to give their customers a value for money and enhanced customer satisfaction.
Commenting on the occasion, Corneli…

‘VIRSAA FEST 2018’ TO ENTERTAIN PUNEKARS WITH MUSIC SENSATIONS SHIRLEY SETIA AND HARRDY SAN

TRUSTFORT EVENTS BRINGS BACK VIRSAA WITH A GRAND TWO DAY CONCERT!
Pune November 2018: For the first time in Pune, Trustfort Events is bringing not one, but two days of back to back foot tapping music with ‘Virsaa Fest 2018’. The two-day concert will be held at Phoenix Market City on 24th and 25th November, as a part of their 100 days of Phoenix Festival. The event is presented by Vinay Aranha in association with Vivek Bidgar.
The first day will have internet sensation, Shirley Setia who will be coming to steal the heart with her top hits like ‘Koi Vi Nahi’, ‘Jab Koi Baat’ and many more covers. The second day will witness the king of Punjabi Music, Harrdy Sandhu who has won the hearts of millions with his charm and transfixing music. MH43 India and Monks Inc will be the opening act for these days respectively.
The crowd-pulling event, VIRSAA Fest 2018 will be filled with some amazing performances and a showcase many of their renowned cover songs. Directed and scripted by Trustfort Events,…

KPIT Wins ‘Distinguished Partner Award’ – ‘Process Innovation – Complement JDE with SaaS’ at the Oracle JD Edwards Summit

Pune, India, November 14, 2018: KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company and Oracle Platinum level member of Oracle PartnerNetwork (OPN), today announced that it has won the Distinguished Partner Award in the ‘Process Innovation – Complement JDE with SaaS’category at the 9th Annual Oracle JD Edwards Summit. The award recognizes KPIT's leadership role in process and technology innovation and its capability of maximizing customers' existing Oracle JD Edwards investments by implementing cloud technologies that complement the existing systems. The amalgamation can equip users to gain a competitive advantage, and rapidly respond to evolving business conditions and capture opportunities in their industry. “KPIT is honored to be recognized with the much-coveted Oracle Distinguished Partner Award for our capabilities and innovations around Oracle JD Edwards and Cloud technologies. The award demonstrates our innovation and technology expertise to strengthen…