Latest news with #Arora
Indian Express
13 hours ago
- Politics
- Indian Express
Sanjeev Arora to be inducted into Punjab Cabinet Thursday
Newly elected Ludhiana West MLA Sanjeev Arora will take oath as minister in Punjab Chief Minister Bhagwant Mann's cabinet on Thursday, it is learnt. Governor Gulab Chand Kataria will administer the oath of office and secrecy to Arora at 1 pm in a brief ceremony at the Raj Bhawan. AAP leader and industrialist, Arora, resigned from the Rajya Sabha on Tuesday. He submitted his resignation to Rajya Sabha chairman Jagdeep Dhankhar, who accepted it. Arora, a first-time MP, was elected to the Rajya Sabha from Punjab on April 10, 2022, and his tenure was to end on April 9, 2028. With his induction into the Cabinet, Mann will have 17 ministers, including himself. As per rules, Mann can have 18 ministers, including himself, but he is likely to keep a berth vacant. In the run-up to the by-election, AAP national convenor Arvind Kejriwal had announced that Arora would be made a minister after his victory. Sources said the party wanted to fill all Cabinet berths, but with the by-election necessitated in Taran Tarn after the death of AAP MLA Kashmir Singh Sohal last week, the party decided to fill only one seat and leave another vacant. 'A Cabinet berth has been kept vacant so that the party can promise the electorates of Tarn Taran that if they elect the AAP candidate, their representative will be inducted into the Cabinet,' a party leader said. Arora was sworn in as the Ludhiana West MLA on last Friday, but his induction is taking place a week later as the Governor was away in Udaipur for a couple of days. Kataria returned to Chandigarh on Wednesday. Arora secured a decisive victory in the recently concluded by-election, defeating Congress's heavyweight Bharat Bhushan Ashu by 10,637 votes, helping the AAP to tighten its grip over the urban Ludhiana West Assembly constituency, where a bypoll was necessitated after the death of AAP MLA Gurpreet Singh Gogi. Arora secured 35,179 votes, increasing AAP's vote share to 39.02%, an upswing of more than 4% over the party's 2022 performance. Before entering politics, Arora was a well-known businessman and philanthropist. He heads Ritesh Industries Ltd, a textile export firm, and Hampton Sky Realty Ltd. He also founded Femella Fashions, a women's apparel brand, and Teneron Ltd, a manufacturing unit supplying non-ferrous alloys to firms like Suzuki. In 2005, he established the Krishna Pran Breast Cancer Charitable Trust in memory of his parents, both of whom succumbed to cancer. The trust has since supported hundreds of patients. Arora also contributed extensively to Covid-19 relief efforts and medical institutions like Dayanand Medical College. Sources said owing to his interest in the field of healthcare, he may be handed the Department of Health, a portfolio held by Dr Balbir Singh.
Time of India
14 hours ago
- Business
- Time of India
Nikesh Arora, the IITian who became one of the world's highest-paid CEOs, reveals a 'cheat code' to building a company
During a podcast with Zerodha co-founder Nikhil Kamath , Nikesh Arora spoke about how evolving technology is transforming the way companies are built today. "If you're looking for a 10, 20% improvement, don't bother, because things are about to move 10x. So, I think self-reflect on the idea. If your idea is not 10x-worthy, you're solving the wrong problem," said Arora to Nikhil Kamath. "So, all I can advise people out there is: teach us something — because some already have it figured out. But more importantly, I believe the wave of technology that's coming will enable people to build businesses faster, with greater agility, using fewer people, and with a fundamental rethinking of how things are done," said Arora. Who is Nikesh Arora? Arora, 57, has been serving as the CEO and chairman of the board at cybersecurity firm Palo Alto Networks since June 2018. Before taking on this role, he was an angel investor between 2016 and 2018. Prior to that, he held various senior leadership positions at SoftBank Group Corp from 2014 to 2017. Live Events Earlier in his career, Arora spent nearly a decade at Google, where he held several top operational roles from December 2004 to July 2014, including senior vice president and chief business officer from January 2011 to June 2014. Notably, SoftBank made significant investments in Uber in 2018 and 2019, becoming its largest shareholder at one point. SoftBank sold a third of its stake in the ride hailing platform in 2021 and offloaded the rest between April and July 2022. Arora currently serves on the board of directors of Switzerland-based luxury goods holding company Compagnie Financiere Richemont S.A. Earlier, he had also served on the board of companies such as Aviva, Bharti Airtel , Sprint Corp, Colgate-Palmolive and Yahoo!.
Time of India
14 hours ago
- Business
- Time of India
Delhi court imposes cost on man for filing frivolous petition
New Delhi: Imposing a Rs 10,000 cost on a man for filing a frivolous petition, a Delhi court underscored the need to prevent wealthy litigants from filing unnecessary cases that hamper the justice system. The court of additional sessions judge Saurabh Partap Singh Laler, in its June 9 order, agreed with the magistrate court's decision and observed that the plea appeared as an effort not only to put pressure on the magisterial court but also on CGST officers. "I must express this court's deep concern and disappointment regarding the revisionist's insidious and cavalier approach in filing this frivolous petition. Liberal access to justice should not be misconstrued as an opportunity to create chaos and indiscipline; such petitions should be met with substantial penalties," the judge said. The court was hearing the revision petition of one Kapil Arora against an April 2025 magistrate court order, which dismissed his plea for compensation for curtailing his liberty. Arora was arrested by Central Goods and Services Tax officials in Oct 2024 for allegedly evading payment of GST. He alleged that the CGST officials conducted an unauthorised search and had no evidence to prove that he made Rs 1,284 crore in sales between 2018 and 2024 while evading Rs 200 crore in GST or that Rs 2.18 crore recovered from his house and shop were not linked with GST. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi The court observed that litigants abusing court procedures ought to face necessary repercussions. "It is important to prevent wealthy litigants from pursuing unnecessary litigation, as these cases can slow down the justice system and delay trials for other litigants. Courts must ensure that the legal system is not misused to obstruct or delay justice," the judge said. The court found no fault with the magistrate when it observed that the accused's address and surety had to be verified, as the alleged crime was serious. Arora moved to a magisterial court, which dismissed his bail plea. Arora then challenged the order rejecting his bail before a sessions court, which granted him bail but imposed several conditions on Nov 27. However, in order to satisfy bail conditions before the magistrate—as a part of the bail procedure in this case—his release was kept in abeyance till the next day until the sureties furnished by him were verified. The verification report was received by the magistrate on Nov 28, but Arora could not be released until Nov 29 due to a clerical error. The magistrate found no intentional error on the part of the court staff, and Arora was released following a warning to a court staffer.
The Print
a day ago
- Business
- The Print
Rishikesh-Karanprayag Rail Link: L&T sets world record in constructing tunnel using boring machine
The company officials stated that this was the first time that anywhere in the world a single-shield hard rock tunnel boring machine (TBM) was used in such an efficient manner. 'The TBM Team has broken the world record by achieving a maximum progress of 790 metres in a month (31 days) using Single Scheid Hard Rock TBM named Shiv,' S V Desai, the Whole Time Director, L&T Limited, told PTI on Tuesday. New Delhi, Jul 2 (PTI) The construction firm Larsen and Toubro achieved a remarkable feat on the Rishikesh-Karnaprayag Rail Link project on June 29, a day ahead of the baseline schedule, setting a new world record in tunnel construction using a single-shield hard rock tunnel boring machine. 'In the last leg of the boring work in the month of May-June for the longest rail tunnel of the country, the TBM, named Shiv, excavated 790 meters in 31 days and achieved a breakthrough,' Rakesh Arora, Project Director, added. This 13.09-km-long tunnel is the downline one, running parallel at a 25-metre distance from the first one, a 14.57 km long upline tunnel, which achieved breakthrough earlier on April 16, 2025. Completed by L&T, these twin tunnels between Devprayag and Janasu make the country's longest transportation tunnels, and they are part of the ambitious 125-km Rishikesh-Karnaprayag Broad Gauge Rail Link Project in Uttarakhand, scheduled to be operationalised in December 2026. L&T officials said that the total length of both tunnels is 30 km, which includes, besides the main tunnels, escape tunnels, cross-passages and niches. While 70 per cent work (21 km) was done through TBMs, the remaining 30 percent (9 km) was completed using drill and blast (also known as New Australian Tunnelling Method). 'While the first TBM, named Shakti, completed 10.47 km of the upline tunnel on April 16, 2025, 12 days ahead of schedule, the second TBM, Shiv, finished 10.29 km of the downline Tunnel on June 29, 2025, a day ahead of schedule,' Arora said. He added, 'On an average, we did over 400 metres of tunnelling per month by TBMs and over 70 metres by NATM.' K Bhavani, Heavy Civil Infrastructure IC, congratulated the whole team. 'The progress at both TBM as well as at NATM fronts was fantastic, enabling completion of excavation work ahead of the baseline schedule for the longest transportation tunnel in India.' Suresh Kumar, Head, Hydel and Tunnels Business, appreciated efforts made by Rakesh Arora, Project Director; Chris Cooper, team leader (Expat); Sunil Dutt Vats, project manager of NATM in overcoming several difficulties during the work such as geological challenges (loose rock/ shear zones and high ingress of water) and adverse working conditions like high temperature and humidity in long tunnels On the day of successful completion, Arora remembered the day he landed at the project with other officials in February 2021 and started from the scratch right from mobilising the resources (Manpower, Machinery, Material, etc.), establishment of Infrastructure facilities, starting of tunnelling works and progressing to receive and launch two big Tunnel Boring Machines. Senior officials from the construction sites narrated unprecedented logistics management in TBM transportation from port to project site, as well as assembling and shifting to launching position; segment and muck handling, and their transportation, besides multiple tunnel logistics along with several other activities. 'Besides geographical and logistical challenges, issues such as skilled staff and workmen mobilisation and retention, quarry approval and operations while managing other stakeholders such as customers, local people and local authorities were equally cumbersome,' Sureshkumar from Hydel. & Tunnels Business said. Both Desai and Arora appreciated the great vision and very good support from Rail Vikas Nigam Limited (RVNL) for making this happen in such a fantastic manner. PTI JP NB NB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
a day ago
- Business
- Mint
How L&T set world record for Rishikesh-Karnaprayag Rail Link using tunnel boring machine
New Delhi, Jul 2 (PTI) The construction firm Larsen and Toubro achieved a remarkable feat on the Rishikesh-Karnaprayag Rail Link project on June 29, a day ahead of the baseline schedule, setting a new world record in tunnel construction using a single-shield hard rock tunnel boring machine. "The TBM Team has broken the world record by achieving a maximum progress of 790 metres in a month (31 days) using Single Scheid Hard Rock TBM named Shiv," S V Desai, the Whole Time Director, L&T Limited, told PTI on Tuesday. The company officials stated that this was the first time that anywhere in the world a single-shield hard rock tunnel boring machine (TBM) was used in such an efficient manner. "In the last leg of the boring work in the month of May-June for the longest rail tunnel of the country, the TBM, named Shiv, excavated 790 meters in 31 days and achieved a breakthrough," Rakesh Arora, Project Director, added. This 13.09-km-long tunnel is the downline one, running parallel at a 25-metre distance from the first one, a 14.57 km long upline tunnel, which achieved breakthrough earlier on April 16, 2025. Completed by L&T, these twin tunnels between Devprayag and Janasu make the country's longest transportation tunnels, and they are part of the ambitious 125-km Rishikesh-Karnaprayag Broad Gauge Rail Link Project in Uttarakhand, scheduled to be operationalised in December 2026. L&T officials said that the total length of both tunnels is 30 km, which includes, besides the main tunnels, escape tunnels, cross-passages and niches. While 70 per cent work (21 km) was done through TBMs, the remaining 30 percent (9 km) was completed using drill and blast (also known as New Australian Tunnelling Method). "While the first TBM, named Shakti, completed 10.47 km of the upline tunnel on April 16, 2025, 12 days ahead of schedule, the second TBM, Shiv, finished 10.29 km of the downline Tunnel on June 29, 2025, a day ahead of schedule," Arora said. He added, "On an average, we did over 400 metres of tunnelling per month by TBMs and over 70 metres by NATM." K Bhavani, Heavy Civil Infrastructure IC, congratulated the whole team. "The progress at both TBM as well as at NATM fronts was fantastic, enabling completion of excavation work ahead of the baseline schedule for the longest transportation tunnel in India." Suresh Kumar, Head, Hydel and Tunnels Business, appreciated efforts made by Rakesh Arora, Project Director; Chris Cooper, team leader (Expat); Sunil Dutt Vats, project manager of NATM in overcoming several difficulties during the work such as geological challenges (loose rock/ shear zones and high ingress of water) and adverse working conditions like high temperature and humidity in long tunnels On the day of successful completion, Arora remembered the day he landed at the project with other officials in February 2021 and started from the scratch right from mobilising the resources (Manpower, Machinery, Material, etc.), establishment of Infrastructure facilities, starting of tunnelling works and progressing to receive and launch two big Tunnel Boring Machines. Senior officials from the construction sites narrated unprecedented logistics management in TBM transportation from port to project site, as well as assembling and shifting to launching position; segment and muck handling, and their transportation, besides multiple tunnel logistics along with several other activities. "Besides geographical and logistical challenges, issues such as skilled staff and workmen mobilisation and retention, quarry approval and operations while managing other stakeholders such as customers, local people and local authorities were equally cumbersome," Sureshkumar from Hydel. & Tunnels Business said. Both Desai and Arora appreciated the great vision and very good support from Rail Vikas Nigam Limited (RVNL) for making this happen in such a fantastic manner.
