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Business Standard
a few seconds ago
- Business Standard
Delhi court summons Samir Modi in defamation case by GPI directors
A Sessions Court in Delhi on Thursday summoned Samir Modi in defamation proceedings filed against him by independent directors of Godfrey Phillips India (GPI), Nirmala Bagri and Atul Kumar Gupta. The court held that there was, prima facie, 'sufficient evidence' to summon Samir Modi, and directed the trial court to proceed as per law in the defamation case. Bagri and Gupta had initiated defamation proceedings against Samir Modi, alleging that his statements to the media had damaged their reputations. The trial court had rejected the defamation plea on 19 May, after which the directors filed a revision petition in the Sessions Court. On Thursday, the Sessions Court set aside the trial court's order and summoned Samir Modi. In May 2024, Samir Modi had alleged that his mother, Bina Modi, and other directors of GPI had 'orchestrated an attack' on him during a board meeting. He had also alleged that he was assaulted by the personal security officer (PSO) of his mother, who is the chairperson and managing director of the company. Samir Modi was removed from GPI's board at a meeting on 7 August last year after fellow directors did not support his reappointment. In his place, the company appointed Charu Modi, daughter of Bina Modi and sister to Samir and Lalit Modi. The younger son of KK Modi and Bina Modi lodged a first information report (FIR) with Delhi Police on 27 June 2024, accusing his mother, her PSO, and GPI directors of causing him 'grievous hurt'. The dispute comes against the backdrop of a contentious succession battle over an estimated Rs 11,000-crore inheritance following the death of family patriarch KK Modi in 2019. Samir Modi, one of KK Modi's three children and brother of former Indian Premier League (IPL) chief Lalit Modi, has challenged his mother's management of the family's affairs in the Supreme Court.


Indian Express
a few seconds ago
- Indian Express
CM Fadnavis inaugurates 4 infrastructure projects
Chief minister Devendra Fadnavis on Thursday inaugurated four Mumbai Metropolitan Region Development Authority (MMRDA) projects meant to provide better connectivity, reduce traffic congestion and enhance the public transport system in the city. Fadnavis inaugurated the projects in the presence of senior state leaders and officers including Metropolitan Commissioner Dr Sanjay Mukherjee. The projects include the last phase of the extension of the Santacruz Chembur Link Road (SCLR), the Mumbai Metro Simulator Training Centre at Mandale Depot and the Metro residential complex for staff in Malvani and Kalanagar Sub Flyover – Arm D. The SCLR extension boasts South Asia's first cable stayed bridge with a steep curve span of 100 metres. It links the Eastern and Western Express Highways without signals, reducing travel time between Chembur and Vile Parle by about an hour. The 1.66 km-corridor has a 215 metre orthotropic steel deck and was constructed at a cost of Rs 200 crore. Speaking at the occasion, Fadnavis said, 'The completion of the final phase of the Santacruz–Chembur Link Road, with South Asia's first sharp-curve cable-stayed bridge, is a proud achievement that will ease travel between the Eastern and Western Express Highways. With five out of six exit routes from BKC already complete.' The Mumbai Metro Simulator Training Centre stands as India's largest such centre. Constructed at Rs 70 crore, it has the capacity to train 144 personnel simultaneously through simulation based driving and maintenance systems. The centre will save Rs 255 crore in training expenditure over ten years and also serve metro staff from other cities of India. Kalanagar Sub Flyover – Arm D, 340 metres long, connects Dharavi to the Bandra-Worli Sea Link and enables unbroken commute between Dharavi and South Mumbai. It is constructed in a limited area at a cost of Rs 20 crore. Mukherjee said, 'The Mumbai Metro Simulator Training Centre, in particular, sets a new benchmark for workforce readiness, while the Santacruz Chembur Link Road and Kalanagar Flyover will significantly ease commuter congestion and reduce travel time.' Additionally, in Malvani, two 20-storey residential towers have been built for Metro employees, each accommodating 156 apartments with fire safety features and robotic car parking. Another 241 apartments are being built. The cost of the project is Rs 90 crore.


Time of India
a few seconds ago
- Time of India
FirstCry's GlobalBees takes full control of Cloud Lifestyle with Rs 60.29 lakh stake buy
Synopsis The all-cash deal makes Cloud Lifestyle, a personal care, beauty, and wellness products company, a wholly owned subsidiary of GlobalBees. Cloud Lifestyle, set up in 2017, logged a turnover of Rs 55.35 crore in FY25, up from Rs 13.07 crore in the previous year.