Latest news with #WOS
Business Standard
29-05-2025
- Business
- Business Standard
Aurobindo Pharma arm incorporates WOS in Netherlands
Aurobindo Pharma said that its wholly owned subsidiary, Curateq Biologics has incorporated a new wholly owned subsidiary (WOS) in the Netherlands by the name of CuraTeQ Biologics B.V. The purpose of the incorporation of this wholly owned subsidiary is to expand the Biopharma Products business in Europe. The company has subscribed to an initial share capital of Euro 10,000, divided into 10,000 shares with a nominal value of Euro 1.00 each. Aurobindo Pharma is an integrated global pharmaceutical company headquartered in Hyderabad, India. The company develops, manufactures, and commercializes a wide range of generic pharmaceuticals, branded specialty pharmaceuticals and active pharmaceutical ingredients globally in over 150 countries. The companys consolidated net profit fell 0.6% to Rs 903.47 crore despite a 11.9% jump in net sales to Rs 8,381.12 crore in Q4 FY25 over Q4 FY24. The scrip declined 3.61% to end at Rs 1,147.95 on the BSE.
Arabian Business
23-05-2025
- Business
- Arabian Business
Financial Services
The Dubai bank will be treated on par with local banks after establishing a WOS; It will be allowed to list on Indian stock markets, and acquire other companies
Business Standard
21-05-2025
- Business
- Business Standard
Waaree Renewable Tech incorporates WOS, Sunsational Power
Waaree Renewable Technologies announced that it has incorporated a wholly owned subsidiary (WOS), Sunsational Power, to develop and manage renewable energy plants. The subsidiary has been incorporated to generate, accumulate, transmit, distribute, purchase, sell and supply electricity power or any other energy from non-conventional energy sources on a commercial basis. It will also construct, establish, operate, and maintain energy generation stations and plants across the country. In addition, the company will engage in managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring to third person/s, Power plants based on non-conventional energy sources i.e. Solar, Wind, Mechanical, Electrical and Hydel. It will also act as an Engineering, Procurement, and Construction (EPC) contractor for such power projects. Sunsational Power will also setup solar parks and renewable energy systems anywhere in India. The company has subscribed to a share capital of Rs 1 lakh, divided into 10,000 shares of Rs 10 each, holding a 100% stake in Sunsational Power Private. However, certificate of incorporation is awaited. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip declined 2.10% to end at Rs 1,021.55 on Tuesday, 20 May 2025.
India Gazette
20-05-2025
- Business
- India Gazette
Emirates NBD in India: Bank gets in-principle nod to set up wholly owned subsidiary
New Delhi [India], May 20 (ANI): The Reserve Bank of India (RBI) has decided to grant 'in-principle' approval to Emirates NBD Bank for setting up a Wholly Owned Subsidiary (WOS) in India. The nod to the UAE-headquartered has been accorded under the 'Scheme for Setting up of WOS by foreign banks in India'. Emirates NBD Bank PJSC is currently carrying on banking business in India in a branch mode through its branches located in Chennai, Gurugram and Mumbai. The in-principle approval has been granted to the bank for setting up a wholly owned subsidiary (WOS) through the conversion of its existing branches in India. 'The RBI would consider granting a licence for commencement of banking business in WOS mode under Section 22 (1) of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by RBI as part of 'in-principle' approval,' RBI said. At present, foreign banks have a presence in India only through branches. According to RBI, local incorporation of a foreign bank creates a separate legal entities, having its own capital base and local board of directors. It also ensures that there is a clear delineation between the assets and liabilities of the domestic bank and those of its foreign parent and clearly provides for ring-fenced capital and assets within the host country. It imparts clarity and certainty with respect to the applicability of the laws of the country of incorporation on the locally incorporated subsidiary. Importantly, a local incorporation provides effective control to the local regulators. Under the Scheme for Setting up of Wholly Owned Subsidiaries (WOS) by foreign banks in India, all foreign banks that are not carrying on banking business in India and that wish to do so in the future shall carry on banking business in India only through a wholly owned subsidiary. (ANI)
CBC
08-03-2025
- General
- CBC
Women in trades push for change in Ontario, saying isolation, discrimination still a problem
Social Sharing Women in construction and trades say they continue to face isolation, discrimination and other barriers that must be addressed if the industry and the province want more of them in the field. Despite efforts by the province of Ontario and the industry to recruit more women and fill labour gaps, workers and advocates say women still face many challenges on the job, including social isolation, a lack of mentorship, scarce childcare options, inadequate bathrooms and harassment. Samara Sampson, co-founder of Women on Site (WOS), a networking and community group for women and underrepresented groups in the trades, says she sees more women on work sites than when she first started in the field, but not enough is being done to support them. Once, Sampson says she walked onto a job site and someone remarked, "'It's a little bit early on in the project to have the cleaners come to the site' — when I'm wearing a tool belt, I've got a shirt on that says 'sheet metal worker,'" she said. "A cleaner is an important job on site, but it's not the title that I hold." In recent years, the province has introduced initiatives specifically for women in the trades, including earmarking money for training programs and requiring women-only bathrooms on larger work sites in 2023. But with the final day of Women in Construction Week coinciding with International Women's Day, Sampson and others say there's an opportunity to recognize that more should be done. For example, while there are now more women-designated washrooms, Sampson says they're sometimes too far away from work sites. And when it comes to smaller projects, there are often not enough porta-potties for the number of workers and "they are not cleaned frequently enough." Brampton millwright and WOS member Cheryl Rowe says there's a "vast difference" in the attitudes and work conditions that exist now than in the past. Still, she says, more must be done if the industry wants to capitalize on an "untapped resource." "You want to feel comfortable and safe where you're working... a lot of us are just so burnt out," Rowe said. In a statement to CBC Toronto, Minister of Labour, Immigration, Training and Skills Development David Piccini said the province is removing barriers for women and "cracking down on virtual harassment, improving clean washroom standards, and requiring properly fitted protective equipment. "We've also introduced a new 16-week job-protected parental leave for adoptive parents and parents through surrogacy because you shouldn't have to choose between being a worker and a parent." Overcoming isolation through mentorship According to the Canadian Association of Women in Construction, women make up about five per cent of construction workers on-site nationally, despite industry efforts to hire more women. Mulisius Joe, the regional project coordinator with the Carpenters' Regional Council's Apprentice Integration and Development program, says mentorship is critical to retaining women in trades and helping them succeed. "Mentoring helps to encourage women to keep going, especially when they're having a difficult day or dealing with a difficult situation on site." Sampson says many women are the only ones on their job site and end up feeling like they don't belong there either because of coworkers' direct or indirect actions. She describes it as "1,000 little paper cuts." Rowe says she joined Sampson's group because it was important to have people "who understand what you're going through." During her apprenticeship, some men told her she didn't belong there, and now she's the only woman out of over 150 millwrights where she works. "A lot of the girls who are part of [WOS] are still apprentices," Rowe said. "It's great to be able to give them support and be like, 'Look, you can do this. Don't let these bad attitudes keep you from making a six-figure income.'" The ministry says anyone who has experienced workplace violence, harassment or discrimination should report their concerns by calling its health and safety contact centre at 1-877-202-0008.
