Latest news with #HiteshThakkar
Hindustan Times
26-07-2025
- Business
- Hindustan Times
No NOC needed to sell flats on land owned by govt or civic agencies
MUMBAI: The department of stamps and registration has issued a circular that has brought relief to developers intending to sell flats they have built or properties they have redeveloped on land owned by various government or civic agencies. MHADA Office at Bandra Internet photo In a clarification issued on Thursday, the department said builders do not require a no-objection certificate (NOC) from agencies such as the Maharashtra Housing Area and Development Authority (MHADA), City and Industrial Development Corporation (CIDCO), Maharashtra Industrial Development Corporation (MIDC) or municipalities, to sell or transfer flats built on land belonging to these agencies. The clarification was issued by Dharmdev Mainkar, deputy inspector general of stamps and registration. Confusion had arisen in April, after the department amended Article 18 (a)(1) (b) of the Registration Act. The amendment was ambiguous, and officials had interpreted it in a way that required an NOC from MHADA, SRA, MIDC and CIDCO for the sale and transfer of every flat built on their property, explained Hitesh Thakkar, an expert on property registration. 'This led to procedural and other delays, which ultimately led to a 70% fall in the registration of such properties. Some buyers also sought a refund of stamp duty as it was not possible to get NOCs in time,' he said. The July 24 circular, however, clarifies that the provisions of section 18 (a) (1) (b) of the Registration Act will not be applicable to the sale or resale of residential and/or non-residential units in buildings developed by private developers on land leased by municipalities, local self-government bodies and authorities such as MHADA, CIDCO and MIDC. They will, however, apply to documents in the form of final purchase deed / assignment deed in the form of land and construction in the interest of the organization or company in respect of such property, the clarification said. Raju Dhote, deputy inspector general, stamps and registration department, said the clarification had been issued after consulting the state revenue department and law and judiciary department. They had also informed the state inspector general of stamps and registration, Ravindra Binwade, about the delays and losses in revenue. A senior officer in the state finance department said, 'The finances of the state are strained because of the Ladki Bahin and other welfare schemes. Most revenue comes from urban areas and we realised that our revenue from stamps and registration in urban areas was falling. Hence, we asked the Stamps and registration department to issue the clarification.'
Al Bawaba
09-07-2025
- Business
- Al Bawaba
Arab Bank for Investment and Foreign Trade (Al Masraf) Strengthens Its Growth Strategy with Appointment of Chief Financial Officer
Arab Bank for Investment and Foreign Trade (Al Masraf) has announced the appointment of Hitesh Thakkar as Chief Financial Officer (CFO), in a strategic move that underscores the Bank's commitment to its newly launched 2025–2028 strategy. His appointment marks a pivotal step in strengthening the financial leadership needed to drive sustainable growth, operational excellence and long-term value creation for CFO, Hitesh will play a critical role in shaping and aligning Al Masraf's financial strategy with its long-term vision. He will lead financial planning, performance management and capital efficiency initiatives, while supporting the Bank's transition to a more agile, digitally-enabled operating model. His forward-thinking approach is expected to accelerate execution of the Bank's growth priorities across Corporate, Retail and SME banking brings over 25 years of extensive experience in regional and global financial institutions. He joins Al Masraf from Emirates NBD, where he served as Group Head of Finance for the Retail Banking & Wealth Management division. Previously, he held the position of CFO & Head of Strategy at Emirates Islamic, where he played a key role in the bank's transformation and financial turnaround. His earlier leadership roles at ABN Amro, ICICI Bank, and BNP Paribas further reflect his strong track record in financial strategy and Mohamed, Chief Executive Officer of Al Masraf, commented: 'A core focus for Al Masraf has been strengthening our management team, which serves as the foundation for effectively executing our growth strategy and delivering strong results and long-term value for our clients and shareholders. I am delighted to welcome Hitesh for his new roles. He joins at a pivotal time in our growth journey, and I look forward to their valuable contributions in their respective areas.'He added: 'We will pursue our ambitious vision relentlessly and accelerate the pace of investments in our growth strategy with a focus on reinforcing capital efficiency and enhancing our risk and compliance frameworks. We are confident that Hitesh contribution will help us build a more resilient and future-ready financial institution.' Al Masraf's 2025–2028 strategy is centred on improving asset quality, reinforcing its risk and compliance frameworks, and driving sustainable revenue growth across core business segments. The Bank is also advancing its digital transformation through operational agility, process automation, and improved service delivery, solidifying its position as a forward-looking, customer-centric financial institution in the UAE.
Zawya
08-07-2025
- Business
- Zawya
Arab Bank for Investment and Foreign Trade strengthens its growth strategy with appointment of CFO
Abu Dhabi – Arab Bank for Investment and Foreign Trade (Al Masraf) has announced the appointment of Hitesh Thakkar as Chief Financial Officer (CFO), in a strategic move that underscores the Bank's commitment to its newly launched 2025–2028 strategy. His appointment marks a pivotal step in strengthening the financial leadership needed to drive sustainable growth, operational excellence and long-term value creation for stakeholders. As CFO, Hitesh will play a critical role in shaping and aligning Al Masraf's financial strategy with its long-term vision. He will lead financial planning, performance management and capital efficiency initiatives, while supporting the Bank's transition to a more agile, digitally-enabled operating model. His forward-thinking approach is expected to accelerate execution of the Bank's growth priorities across Corporate, Retail and SME banking segments. Hitesh brings over 25 years of extensive experience in regional and global financial institutions. He joins Al Masraf from Emirates NBD, where he served as Group Head of Finance for the Retail Banking & Wealth Management division. Previously, he held the position of CFO & Head of Strategy at Emirates Islamic, where he played a key role in the bank's transformation and financial turnaround. His earlier leadership roles at ABN Amro, ICICI Bank, and BNP Paribas further reflect his strong track record in financial strategy and governance. Fuad Mohamed, Chief Executive Officer of Al Masraf, commented: 'A core focus for Al Masraf has been strengthening our management team, which serves as the foundation for effectively executing our growth strategy and delivering strong results and long-term value for our clients and shareholders. I am delighted to welcome Hitesh for his new roles. He joins at a pivotal time in our growth journey, and I look forward to their valuable contributions in their respective areas.' He added: 'We will pursue our ambitious vision relentlessly and accelerate the pace of investments in our growth strategy with a focus on reinforcing capital efficiency and enhancing our risk and compliance frameworks. We are confident that Hitesh contribution will help us build a more resilient and future-ready financial institution.' Al Masraf's 2025–2028 strategy is centred on improving asset quality, reinforcing its risk and compliance frameworks, and driving sustainable revenue growth across core business segments. The Bank is also advancing its digital transformation through operational agility, process automation, and improved service delivery, solidifying its position as a forward-looking, customer-centric financial institution in the UAE.
News18
28-04-2025
- Entertainment
- News18
Gujarati Man, Sitting On Airport Floor, Enjoys Snacks; Video Sparks Debate Over ‘Civic Sense'
Last Updated: A video of a Gujarati man at the airport has provoked a discussion on civic duty. A video of a Gujarati man sitting on the floor at an airport and eating Khaman went viral on social media, with many questioning his lack of civic sense. But some also saw it as a touching reminder to be true to one's culture. The man, Hitesh Thakkar, an actor from Gujarat, was seen sitting on the airport floor, holding khaman, a common Gujarati snack, and a newspaper spread out in front of him. Some of his friends accompanied him. As per Thakkar, he and his friends were taking a flight from Surat, Gujarat, to Pattaya, Thailand. They laid a newspaper on the floor to eat the snack after his friends brought Khaman to the airport. 'We don't look at the place when it comes to eating. This is Surat Airport, and my friends got delicious khaman. We are sitting on the floor and eating before boarding our flight to Pattaya, Thailand," Thakkar said in the now-viral video. Watch the clip here: Proud of this Indian uncle who upheld his traditional diet and eating style in the airport gate before boarding flight to proud of your roots 💪 — V (@AgentSaffron) April 26, 2025 Shared on April 27, the video has garnered over 2.8 million views. The Gujarati man was commended for maintaining his 'traditional diet and eating style" in the video, which was posted on X. Not everyone shared that opinion; many referred to it as a civic failure. A user said, 'One of the reasons why we are getting hate internationally." 'Nope, this is not fine in a public place," an individual commented. 'Forget everything else, this is just so unhygienic!" another user stated. An angry user remarked, 'You can eat anything however you want in the comfort of your home but in public, there should be some civic sense." Some individuals related their personal stories, noting how they had also relished handmade foods like bhel as they waited at airports. First Published:
Time of India
28-04-2025
- Entertainment
- Time of India
Actor enjoys Gujarati snacks on airport floor in viral video. Internet cannot decide how to feel
Gujaratis are known for carrying their beloved theplas , dhoklas, and khakhras while travelling across the world, because wherever they go, food must follow. While travelling and snacking mid-journey is one thing, sitting on an airport floor and eating is a whole different story. Recently, a video capturing this very scene of a Gujarati man sitting and eating Khaman on the airport floor went viral, sparking a heated debate online. While some viewers saw it as a heartwarming reminder of staying rooted to one's culture, others criticised it as a lack of civic sense in a public space. So, what exactly happened? #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" A viral video of a Gujarati man casually enjoying a meal while sitting on the floor at Surat airport has ignited a debate on social media about civic etiquette. According to the Indian Express, the man has been identified as Gujarati actor Hitesh Thakkar . In the now-viral clip, Thakkar is seen sitting cross-legged on the airport floor, with a newspaper neatly laid out in front of him holding khaman, a beloved Gujarati snack. He was joined by a group of friends, all seated comfortably around him, creating an unusual scene that has divided opinions online. They were all set to fly out to Pattaya, Thailand. The video was shared on X with the caption, 'Proud of this Indian uncle who upheld his traditional diet and eating style in the airport gate before boarding flight to Bangkok . Be proud of your roots.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo — AgentSaffron (@AgentSaffron) Internet divided The viral video led to a flood of mixed reactions online. Some users shared their own experiences, recalling how they too had enjoyed homemade snacks like bhel while waiting at airports abroad. A section of people defended the act, arguing that it was a matter of pride in Indian traditions and a rejection of the need to conform to Western expectations for acceptance. However, many others criticised the behaviour, calling it inappropriate for a public space like an airport. Several pointed out that while embracing traditional eating habits was commendable, doing so at boarding gates showed a lack of civic sense. Some highlighted that public spaces have rules that everyone must respect, and acting otherwise gives rise to negative perceptions about India's hygiene standards. A few harsh comments also mentioned that such actions contribute to India still being stereotyped as a "third world country," and sarcastically mentioned that eating food with hands off a newspaper on an airport floor was anything but "classy."
