Gautam Singhania, Managing Director Raymond The Independent Directors of Raymond have hired an independent senior legal counsel to advise the company amid the ongoing marital dispute between Chairman and MD Gautam Singhania and Nawaz Modi, the company said in a stock exchange intimation on Friday. “The Independent Directors are alert to ensure that the matrimonial…
Gautam Singhania, Managing Director Raymond Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, on Tuesday urged the independent directors of textile company Raymond Ltd to launch an investigation into the allegations of assault against its managing director. According to local media reports, Nawaz Modi Singhania – the wife of Managing Director Gautam Singhania…
NEW DELHI: From farmers to fashion designers, the government and export promotion councils will showcase the entire value chain at the biggest ever textile show in February. The show will cover not just Bharat Mandapam but also the newly built Yashobhoomi in the capital, as it seeks to position India as a major player in…
Gautam Hari Singhania Concerned about the substantial drop in stock prices due to investor concerns stemming from the family dispute, Gautam Singhania, chairman and managing director of Raymond, has sent an email to the company’s board and employees, assuring them that challenges in his personal life wouldn’t impact the group’s businesses. The communication is intended…
Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell…
