The management of Novafone has refuted what it describes as a false and unverifiable story published in a local newspaper against Novafone. A press release said yesterday that a local newspaper reported that the company was reducing its employees because of a crisis.The release said the report was not verified with Novafone’s management, which could have provided clarity on the matter.Novafone has called on journalists to endeavor to ascertain facts with the management before publication, according to the release.“In the spirit of finding out the facts,” the release said, “we are open to giving clearances to media houses to do their own due diligence and investigation to establish the truth and facts about the allegation.”The release admitted that Novafone is currently going through a restructuring process, which has led to some positions, like Sales Agent, in the company becoming redundant. “Therefore, some employees have indeed received letters about their positions becoming redundant, consistent with Liberia’s Labor Laws. All employees of the company are aware of this restructuring exercise,” the release said.While Novafone and its owners reserve their right to follow the legal processes to get justice in such events, the company said, “it encourages” the media to refrain from what it described as defaming the company’s reputation.The management and the committed employees of Novafone will continue to remain focused and steadfast in delivering full quality services to its valued customers, the release said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
Hina Khan at Cannes Film Festival 2019ReutersHina Khan, who made a stunning appearance at the Cannes Film Festival for the promotion of her debut film Lines, is surely proving her dedication towards work.The actress has started shooting for her next– Wish List – the day she left French Riviera. Hina has an extended European schedule for Wish List, which will see her paired opposite a UK-based actor Jitendra Rai and is directed by Rahat Kazmi.According to a Mumbai Mirror report, the film is about a couple who learns that one of them is suffering from an incurable disease and has very little time to live. So, the couple embarks for a trip to enjoy life to the fullest.”Hina Khan’s role is very different from Lines in which she played a simple girl from Kashmir,” the source said.Confirming the news, the actress said: “It’s a touching film with a strong message, being shot in some of the most beautiful locations in Europe. As someone who loves to travel, it’s a treat as I’m getting to explore the best of Europe.”Speaking about her character, Hina said that the girl is like her in many ways. “She’s a workaholic who cheers everyone around her with her positivity. The film deals with regular issues and choices but in inspirational ways and offering a new perspective,” Hina concluded.Hina made a spell-bound debut at the prestigious Cannes Film Festival 2019 wearing a shimmery grey gown by Lebanese designer Ziad Nakad. Her pictures from the red carpet have gone viral on the internet with millions praising her for her big outing.However, Jitesh Pillai, a popular film magazine editor, chose to mock Hina’s Cannes appearance on social media. Sharing Hina’s picture from the red carpet, the editor commented on whether Cannes has become Chandivali with a question mark.While many of her colleagues came to her rescue and bashed Pillai, Hina too gave a befitting reply to the editor. Perhaps, Hina’s tweet brought some kind of realisation and Pillai took to Instagram to state that his comment was misconstrued and apologised the actress. Hina Khaninstagram
Union Finance Minister Arun Jaitley has announced the launch of a new exchange-traded fund (ETF) – Bharat-22 – comprising 22 stocks. It will have a diversified portfolio of companies from six sectors and capture the essence of PSUs better than the previous ETFs.Bharat-22 will have a single company cap of 15 percent and a 20 percent cap on each sector.The government had set a stiff target of Rs 72,500 crore for disinvestment in the current financial year and has collected Rs 9,300 crore so far. Jaitley is hopeful of meeting its target with this new ETF.He added that the 22 shares would include those of the central public sector enterprises (CPSEs), public sector banks and government’s holdings under the Specified Undertaking of Unit Trust of India (SUUTI).The six sectors with their respective weightage in Bharat-22 are (in percentage terms) – Basic materials (4.4), Energy (17.5), Finance (20.3), FMCG (15.2), Industrials (22.6) and Utilities (20).Indian MNC conglomerate L&T and the FMCG major ITC will have 17.1 percent 15.2 percent share in Bharat-22 EFT, respectively. IOC, BPCL, and NALCO will have 4.4 percent weight each. Power Grid will get 7.9 percent share, while NTPC will have 6.7 percent weightage. Lenders Axis Bank and SBI will get 7.7 percent and 8.6 percent share, respectively. Buildings are reflected on the glass windows of the NSE (National Stock Exchange) building in Mumbai, India, December 27, 2016.Reuters fileThe Narendra Modi government’s previous experiments with CPSE-ETF have been a success, said Jaitley, adding that ETF assets have shown significant increase globally.CPSE-ETF (central public sector enterprises) was set up in 2014, comprising 10 companies. Earlier in March, the government had also launched fund offer (FFO) of the CPSE-ETF scheme.Disinvestment Secretary Neeraj Kumar Gupta said, “The new fund will be well-diversified and that he expects it to perform better than the earlier ETF.”However, Jaitley and Gupta did not specify any date as on when Bharat-22 would hit the bourses.
Veteran actor Rishi Kapoor ushered in his birthday with son Ranbir and wife Neetu. The actor, who turned 62 on Friday, posted a picture along with the Bombay Velvet star and Neetu.“This afternoon at the Le Petit Maison. Thank you Ranbir for coming early,” Rishi posted on twitter alongside the picture in which the trio are seen posing in a restaurant.Neetu took to Instagram and shared the same picture with the caption, “Rans joins in for his Dad s birthday celebrations!!! Bless him. 4rth sep.”