Latest news with #AnilJain
News18
18-06-2025
- Politics
- News18
AITA Members Call EC Meet After President Seeks Court To Void Election Results
Last Updated: AITA president Anil Jain asked the Delhi High Court to nullify the September 2024 federation elections, prompting irate Executive Committee members to call a meeting on June 27. All India Tennis Association (AITA) The All India Tennis Association (AITA) president, Anil Jain, who faced a no-confidence motion by state associations last year, has requested the Delhi High Court to declare the federation elections held in September 2024 null and void. This has led to irate Executive Committee members calling for a meeting on June 27. One of the affiliated units of the AITA alleged that Jain had used his position for personal gains. The no-confidence motion was withdrawn before the AGM that elected a new body. However, the election results remained sealed in court due to a petition by Somdev Devvarman and Purav Raja challenging the validity of the polls, leaving the newly-elected office bearers outside the system. In response to the same petition, Jain, in his prayer filed on May 26, requested the court to declare the AITA elections null and void but urged it not to appoint a Committee of Administrators (CoA), citing potential objections and adverse reactions from the ITF (world governing body) and the ATF (Asian body), which would hinder AITA's functioning. Jain's prayer stated that the constitution could be amended, and AITA's efficient functioning could be ensured under the court's supervision by the present management. However, the EC members claimed that Jain did not consult them before filing the reply on behalf of the Federation. 'Such a reply needed EC concurrence. He can't just go and file it in court like this. EC has to pass a resolution first. He is trying to disqualify all other members," Hironmoy Chatterjee, who issued the EC meeting notice, told PTI. 'As of today, unauthorized people are running the organisation," Chatterjee added. Jain told PTI that he did not need to consult anyone. 'I am still President of AITA. They did not consult me when they filed a writ against the Secretary General. They have a vested interest. I did not agree with the election process, so I did not file my nomination. They did not follow the tenure guidelines of the Sports Code," Jain said. 'AITA should comply with the Sports Code. It is fair. The EC meeting they have called is also illegal. The Secretary General has not called it, and I have not been consulted about it," he said. 'They had brought that no-confidence motion against me on filthy and baseless grounds." The AITA constitution states that the Secretary General can convene meetings of the Central Council and Executive Committee with the president's consent. Chatterjee, who is also president of the Bengal Tennis Association (BTA), explained that the constitution also empowers EC members to call a meeting if the Secretary General does not do so within a month of receiving a written requisition from three members. 'We can call an EC meeting. Clause 8 (d) (iii) of AITA Rules and Regulations empowers us to do that," Chatterjee, who is also AITA vice president (Sports), said. When Secretary General Anil Dhupar was approached, he admitted that such a rule empowers members to call for a meeting, but it should be under 'normal circumstances". 'As of today, the matter is sub-judice, so I told them it is advisable to take the court's direction before calling an EC meeting," Dhupar told PTI. The EC meeting notice, issued on June 16, clarified that it would discuss the role of the Secretary General as per the AITA Constitution. Dhupar has attained the age of 70, and the Sports Code does not allow office bearers to remain in office beyond that. 'Recently, the BCCI appointed an interim president after Roger Binny attained the age of 70. So Mr Dhupar should also quit," said another EC member.
Hindustan Times
18-05-2025
- Politics
- Hindustan Times
BMC gives permission for temporary shed for Vile Parle Jain Temple idols
MUMBAI: Nearly a month after the Brihanmumbai Municipal Corporation (BMC) razed most of the 90-year-old Digambar Jain Temple in Vile Parle amid widespread protests, the civic body has now permitted the construction of a temporary shed over the temple's idols ahead of the monsoon season. The move follows a Bombay high court (HC) order issued on Wednesday, directing the Shree 1008 Digambar Jain Mandir Trust to formally apply to the BMC for interim shelter. Responding to the court's directive, the BMC approved the shed on Friday. Permission has been granted for a 232-square-metre structure at a nominal charge of ₹77 per square metre—amounting to ₹17,877. The approval is valid till October 31, contingent on the payment, which the temple trust confirmed has already been made. 'We will begin constructing the shed from Sunday,' said Anil Jain, trustee of the temple trust. 'The idols, the temple premises, and the saints who visit currently have no shelter. At the same time, we continue our legal battle against what we believe was an illegal demolition by the BMC. We are demanding that the temple be rebuilt.' In the wake of the incident, the Bombay high court has ordered a status quo to prevent further action at the site. BJP MLA Mangal Prabhat Lodha, who met with civic officials and temple trustees on Friday when the shed was approved, welcomed the development. 'This is not merely about religious sentiment, but a matter of public faith. We stood by the Jain community, and this decision reinforces their belief in justice,' he said. Lodha had earlier written to the assistant commissioner of the K-East ward on April 24, highlighting alleged encroachments in the same area by the Neminath Cooperative Housing Society and Radhakrishna Hotel, and demanded similar action.
Yahoo
15-05-2025
- Business
- Yahoo
Jain Irrigation Systems Ltd (BOM:500219) Q4 2025 Earnings Call Highlights: Strong Export Growth ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jain Irrigation Systems Ltd (BOM:500219) reported a 16.8% growth in its high-tech division, which includes micro irrigation and tissue culture, indicating strong performance in these segments. The company successfully reduced its debt by 104 crores, improving its financial health. Cash flow from operations was significantly better, with a conversion rate of 127% from EBITDA, highlighting efficient cash management. Export performance was robust, with a 43% increase in the current quarter, showcasing strong international demand. The company is optimistic about FY26, expecting substantial revenue growth and further debt reduction by at least 400 crores. Overall revenue growth was modest at 1.3%, indicating challenges in expanding sales across all segments. The plastic processing business experienced a decline due to reduced government orders and softening PVC resin prices. Annual consolidated revenue and EBITDA were lower than the previous year, reflecting a challenging first half of the fiscal year. The company faced a 20% volume loss in the piping segment due to a lack of government orders and climate issues. There are ongoing concerns about delayed payments from government projects, impacting cash flow and financial planning. Warning! GuruFocus has detected 4 Warning Signs with BOM:500219. Q: What is the progress on the tissue culture of coffee project with the Indian Coffee Board? A: Anil Jain, CEO and Managing Director, stated that the initial MOU has been signed, and trial supplies have been made for pilot projects. The results have been positive, and larger orders are anticipated towards the end of the year. Q: Are there any updates on government receivables and expected payments? A: Anil Jain mentioned that they received INR 200 crore from the government this year and expect to receive INR 450-500 crore in the coming year, as some projects have been recently completed. Q: Is there any plan to list your subsidiary? A: Anil Jain noted that discussions are ongoing with their private equity partner, but no decision has been made yet. A decision will be based on market conditions and board consultations. Q: How do you plan to manage the expected growth without additional working capital? A: Anil Jain explained that the growth will be funded through internal accruals. They expect to generate enough cash flow to cover working capital needs, CapEx, and still reduce debt by INR 400 crore. Q: What are the key drivers for the expected growth in revenue and EBITDA? A: Anil Jain highlighted growth in tissue culture, solar water pumps, and exports as key contributors. They also expect recovery in the piping segment and continued growth in micro-irrigation systems. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Nomiso Celebrates Four Years of Innovation and Launches Smart Agent Framework
ENGLEWOOD, Colo., May 6, 2025 /PRNewswire/ -- Nomiso, a leader in co-engineering and AI-driven solutions, today announced the launch of its Smart Agent Framework, coinciding with its four-year anniversary. The new platform empowers enterprises to create domain-specific AI agents, delivering faster, more precise solutions for complex business challenges. Built on Nomiso's core philosophy of first-principles thinking with deep domain Knowledge, the Smart Agent Framework extends the capabilities of out-of-the-box AI by integrating enterprise-specific knowledge bases and fine-tuning on proprietary data. Early deployments in Telecom Network and IT Operations and Fintech product development have shown dramatic improvements in software release velocity, defect detection accuracy, and breakthrough productivity in operations. "Innovation happens when you design for the problem, not around it," said Anil Jain, CEO of Nomiso. "The Smart Agent Framework helps organizations move from idea to impact faster — with solutions built for their unique challenges, not off-the-shelf templates." "Generic AI often falls short inside enterprises," added Chandra Narayanasamy, CTO of Nomiso. "Our framework bridges that gap by delivering adaptive, domain-centric intelligence that drives real business outcomes." With this launch, Nomiso continues its mission to help enterprises unlock the true potential of AI, turning complex problems into real-world growth opportunities. For more information, visit About Nomiso Nomiso is a software co-engineering company that partners with its clients in solving complex business problems with technology. Their problem-solving approach and product-thinking mindset helps businesses create differentiated solutions at speed and scale to drive enhanced value outcomes. Logo: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
05-05-2025
- Business
- Cision Canada
Nomiso Celebrates Four Years of Innovation and Launches Smart Agent Framework
ENGLEWOOD, Colo., May 5, 2025 /CNW/ -- Nomiso, a leader in co-engineering and AI-driven solutions, today announced the launch of its Smart Agent Framework, coinciding with its four-year anniversary. The new platform empowers enterprises to create domain-specific AI agents, delivering faster, more precise solutions for complex business challenges. Built on Nomiso's core philosophy of first-principles thinking with deep domain Knowledge, the Smart Agent Framework extends the capabilities of out-of-the-box AI by integrating enterprise-specific knowledge bases and fine-tuning on proprietary data. Early deployments in Telecom Network and IT Operations and Fintech product development have shown dramatic improvements in software release velocity, defect detection accuracy, and breakthrough productivity in operations. "Innovation happens when you design for the problem, not around it," said Anil Jain, CEO of Nomiso. "The Smart Agent Framework helps organizations move from idea to impact faster — with solutions built for their unique challenges, not off-the-shelf templates." "Generic AI often falls short inside enterprises," added Chandra Narayanasamy, CTO of Nomiso. "Our framework bridges that gap by delivering adaptive, domain-centric intelligence that drives real business outcomes." With this launch, Nomiso continues its mission to help enterprises unlock the true potential of AI, turning complex problems into real-world growth opportunities. About Nomiso Nomiso is a software co-engineering company that partners with its clients in solving complex business problems with technology. Their problem-solving approach and product-thinking mindset helps businesses create differentiated solutions at speed and scale to drive enhanced value outcomes.
