Business
Piramal Group planning to move Supreme Court against NCLAT order on DHFL
The Piramal group is planning to move the Supreme Court to appeal an NCLAT order requiring lenders to reconsider Piramal’s 1 Re 1 value attributable to Rs 45,000 crore of bad loans.
In a statement, Piramal said NCLAT has ordered a committee of creditors (CoC) for one of the appeals, limited to challenge the extent to which the fraudulent transaction’s distribution of proceeds, if any, was for its benefit. “We have analyzed the NCLAT decision in detail and consulted with our legal counsel. We are confident and will continue to pursue this matter as we have multiple legal options for our future actions, including approaching the Apex court,” Piramal said in a statement.
The acquisition of DHFL by the Piramal Group is unaffected and business integration continues as expected.
In September 2021, PCHFL acquired DHFL for a total consideration of Rs 34,250 crore, it said. PCHFL retains more than 3,000 employees of the DHFL Group and is also adding more than 2,000 new jobs in the combined entity. All 301 branches nationwide have restarted affordable housing loans, the statement added.
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Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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