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Tag: opposition

Gautam Hari Singhania appointed as executive chairman of Raymond Lifestyle amid opposition by proxy advisory firms – Industry News

Raymond Lifestyle announced that Gautam Hari Singhania has been appointed as the executive chairman of the company. Per a regulatory filing, out of the 100 per cent of 4,17,57,480 votes, 86.85 per cent were cast in favour of the resolution while the remaining 13.15 per cent were against the resolution of the appointment. The special resolution proposed in a Postal Ballot Notice dated November 04, 2024, Raymond Lifestyle said, have been passed with the requisite majority.

The remote e-voting commenced on November 05, 2024, at 9.00 am and ended on December 4, 2024, at 5.00 pm. Shareholders were asked to approve Gautam Singhania’s tenure, which is set to span from September 1, 2024, to August 31, 2029. However, concerns were raised by proxy advisory firms, Empowerment Services (SES) and Institutional Investor Advisory Services India (IiAS). According to media reports, they had asked the shareholders to reject the move, citing concerns over governance, transparency, and reputational risks. Per reports, SES also expressed reservations about his simultaneous full-time roles in Raymond and Raymond Lifestyle, the lack of an absolute cap on his variable pay and commission, and unclear restructuring plans.

Meanwhile, IiAS criticised the lack of detail in the proposed remuneration structure, noting the absence of a maximum cap and performance-linked metrics for commission payouts. It also underscored the reputational challenges linked to Gautam Singhania and said that he is undergoing divorce proceedings, during which his wife, Nawaz Modi, has accused him of domestic violence and misuse of company funds for personal gains.

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Earlier this year, Raymond Group had announced the demerger of the company. It had said that post completion of all formalities for both the Scheme of Arrangement, there will be three listed entities in the Raymond Group i.e. Raymond Limited, Raymond Lifestyle Limited and Raymond Realty Limited.

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December 5, 2024
Sage Steele hopes sports outlets ‘softens’ opposition to Trump support | News

Podcast host Sage Steele expressed hope that sports broadcasters will tone down their rhetoric against athletes supporting President-elect Donald Trump, suggesting they should be allowed to “celebrate” like other Trump supporters.

Steele’s statement was in response to a question regarding Las Vegas Raiders tight end Brock Bowers, whose postgame interview was cut short after he responded to a question on why he did a victory dance similar to Trump’s iconic dance move. Steele, who attended Saturday night’s UFC fight where Jon “Bones” Jones also did the Trump dance, said she was “smiling” when Jones did the dance, knowing the fight was being broadcasted on ESPN+, a Disney-owned media outlet.

“Because you can’t cut away from Jon “Bones” Jones doing the Trump dance in the middle of the octagon for what he did when he won, so it was so incredible,” Steele said on Fox News’s Fox & Friends. “And hopefully, all these media companies and everyone else just softens. Let’s just stop the divisiveness, enjoy what this is. These are athletes celebrating victories, bringing people together. So, to watch Trump, by the way, absorbing all that as well, and enjoying it and laughing at John.”

Steele worked at ESPN for 16 years before leaving in 2023 to “exercise my First Amendment rights more freely.” She has since started her own podcast, The Sage Steele Show, which has featured several notable people, including UFC CEO Dana White and Republican National Committee Co-Chairwoman Lara Trump.

Steele also reflected on people’s energy and excitement at Saturday’s UFC event, noting Trump’s walk up to the fight was “incredible.” She said part of the excitement came from seeing not just the president-elect but “almost everybody” in his Cabinet so far, including billionaires Elon Musk and Vivek Ramaswamy, former Democratic Hawaii Rep. Tulsi Gabbard, Robert F. Kennedy Jr., and House Speaker Mike Johnson (R-LA), among others.

One of the best moments from @ufc 309 last night?!

Witnessing these legends stand together & chant

“USA, USA!” with 22K strong! @realDonaldTrump @elonmusk @TulsiGabbard @RobertKennedyJr @SpeakerJohnson @KidRock @DonaldJTrumpJr @EricTrump … AND democrat… pic.twitter.com/4HFItNGjVZ

— Sage Steele (@sagesteele)

November 17, 2024

Steele brought her father to the fight, thanks to some help from White. She revealed she wanted to become a sportscaster because of her father, who is still “on cloud nine” after attending Saturday’s fight.

When your dad/hero

finally understands your obsession with @ufc

At 78 years young, he’s proof that it’s never too late to become a fight fan!

HUGE thanks to my friend @danawhite for the best father-daughter night ever! #ufc309 pic.twitter.com/ZFnGGbmkZv

— Sage Steele (@sagesteele)

November 18, 2024

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The fight also saw Jones lend his heavyweight champion title belt to Trump, with footage of the pass shared on X. Trump also greeted UFC announcer Joe Rogan, who endorsed him after their interview on his podcast, The Joe Rogan Experience, right before Election Day.

Following Trump’s victory in the 2024 election against Vice President Kamala Harris, White gave a shoutout to various podcast hosts for conducting interviews with Trump, which was part of the former president’s move to win over the young male vote. White has been an ally of the Trump campaign, calling Trump the “real American bada**” at the 2024 Republican National Convention.

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November 19, 2024
Olympic wrestlers join opposition Congress party – DW – 09/07/2024

Indian Olympic wrestlers Vinesh Phogat and Bajrang Punia announced on Friday they will be joining the opposition Congress party, after almost a year of protesting against sexual harassment.

Phogat was given a ticket by the Congress party, which will allow her to contest the upcoming state elections for Haryana from the Julana constituency.

The Haryana wing of the Congress party welcomed the two wrestlers in a post on X.

Phogat, Punia say ‘fight will continue’

“I thank the people of the country and the media, you supported me throughout my wrestling journey. I thank the Congress party, it is said tough times tell you about who is with you. When we were dragged on the roads, all parties except the [ruling] BJP stood with us and understood our pain and tears,” Phogat told reporters in New Delhi.

“Our fight will continue and we will win, in court and in life. I am proud to be with a party that stands with women and against any injustice,” she added, speaking at an event introducing them into the Congress party.

“The hard work that we did during the protests and in support of farmers, soldiers and the youth, we will continue that hard work for our country,” Punia told media.

Congress General Secretary KC Venugopal told reporters said the two wrestlers “have not only brought glory to the country in the sports field but have also fought a strong battle against injustice on the street.”

Sexual harassment protests

Phogat, Punia and fellow Olympic wrestler Sakshi Malik have been protesting against the former chief of the Wrestling Federation of India (WFI) Brij Bhushan Sharan Singh since last year.

Singh was also a former member of parliament from India’s ruling Bharatiya Janata Party (BJP). He has been charged with sexual harassment and criminal intimidation in June last year. He has denied any wrongdoing.

On Saturday, Singh reacted to the news of Phogat and Punia joining the Congress by saying it was all part of a political conspiracy.

Last month, Phogat, 30, announced her retirement from wrestling. She had contested in the Paris Olympics where she failed to make weight for women’s 50kg freestyle final by 100 grams.

She returned home to an emotional welcome from thousands of fans and wrestlers.

The state of Haryana is heading to elections next month. Prime Minister Narendra Modi’s BJP is seeking a third consecutive term in power.

Edited by: Darko Janjevic

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September 7, 2024