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Business

Hinduja Global Solutions announces Rs 150 dividend; shares hit 20% lower circuit

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Hinduja Global Solutions, the Hinduja Groups business process entity, has declared the third interim dividend of Rs 150 per share for FY22.

Accordingly, it will be paid to the investors on or before January 27, 2022, it said in a regulatory filing.

Also, Hinduja Global Solutions has approved the sale of its healthcare services business to wholly owned subsidiaries of Betaine BV, which is owned by funds affiliated with Baring Private Equity Asia, it said in another regulatory filing on Thursday.

“Effective January 6, 2022, the HS Business and relevant subsidiaries stand sold/ transferred to Investor. The transaction was based on an enterprise value of $1,200 million subject to closing adjustments and resulted in inflows of $1,088 million,” the filing read.

As part of the divestment, Hinduja has transferred all client contracts and assets, including infrastructure related to the healthcare services business, to the new buyer.

Over 29,000 employees from HGS across four geographies – the US, India, Jamaica, and the Philippines – will join the new organisation, effective January 6.

On Friday, shares of Hinduja Global hit the 20 per cent lower circuit. The shares of the company settled at Rs 2,856.65, down 20 per cent.

Analysts say that the investors were disappointed with a lower than expected dividend, however, the disinvestment is expected to grow its business in other verticals such as telecom, BFSI and media, among others.

National

Chennai Corporation to upgrade sanitation, water systems in schools, health centres

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Chennai, July 3: In a major step towards improving sanitation and hygiene infrastructure, the Greater Chennai Corporation (GCC) has floated a tender worth Rs 96 lakh to upgrade and renovate toilets, water supply, and drainage systems across its schools and urban primary health centres (UPHCs).

The initiative, part of the broader Water, Sanitation and Hygiene (WASH) campaign and the Integrated Urban Flood Management for the Chennai-Kosasthalaiyar Basin Project, aims to enhance the cleanliness and safety standards in public institutions, particularly those catering to children and vulnerable communities.

According to GCC officials, the project will cover 66 Corporation-run schools and seven UPHCs. The scope of work includes constructing 49 new toilets, repairing six existing toilets, installing 37 new urinals, undertaking plumbing and drainage work for drinking water systems, and setting up 108 new hand-washing stations.

Additionally, the civic body plans to introduce reverse osmosis (RO) drinking water units and hand-wash facilities in 17 UPHCs spread across the city limits.

Officials stated that these improvements are crucial to ensuring good hygiene, especially in densely populated urban areas prone to waterborne diseases.

“The goal is to create a hygienic and safe environment for students and patients alike. These facilities will not only improve sanitation but also contribute to better public health outcomes,” a senior GCC official said.

The tender stipulates that the contractor must follow the specifications and guidelines of the Central Public Works Department (CPWD).

The scope of services includes electrical, sanitary, and all related civil works. The GCC has set a deadline of 549 days from the date of commencement to complete all works.

The contractor is required to submit a detailed project execution plan — including procurement, excavation, concreting schedule, and quality control — within 10 days of signing the agreement. This plan will require formal approval before on-ground work begins.

The civic body hopes that the WASH upgrades will serve as a model for future infrastructure projects in government-run schools and health centres, enhancing Chennai’s preparedness against health crises and urban flooding events.

This initiative comes at a time when the city is focused on improving its resilience through better urban planning, especially in the wake of repeated monsoon challenges and increasing demand for quality public services.

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Crime

Delhi Police arrest notorious cyber stalker in Palam

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CRIME

New Delhi, July 2: A 21-year-old man was arrested in Delhi’s Palam village for allegedly harassing a college student by creating fake Instagram accounts and using artificial intelligence (AI) tools to generate objectionable content.

The accused was persistently stalking and defaming the victim, a college-going girl, through multiple fake Instagram profiles, Amit Goel, Deputy Commissioner of Police, South West District, said in a statement.

The complainant approached the Cyber Police Station, West District, on June 16, reporting that the accused was daily creating new accounts using her photographs, posting them with derogatory captions, and targeting her and her followers.

Acting on the complaint, the police registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS).

“In view of the seriousness of the matter, a dedicated team led by SI Priyanka was formed to identify and apprehend the accused,” the statement added.

A team of PS Cyber, South-West District, arrested the notorious cyber stalker and recovered the smartphone used in the commission of the offence, the statement read.

During the investigation, it came to the fore that the accused was impersonating a female using a profile picture taken from the victim’s public Instagram account, the police said.

The police said the accused further used AI tools to convert the images into sexually explicit content and uploaded these edited pictures through fake Instagram stories.

Despite efforts to mask his identity by not linking any accounts to verifiable mobile numbers or Gmail IDs, the cyber team used advanced technical analysis to track the suspect to the Palam area of South-West Delhi. Multiple raids were conducted before he was successfully arrested.

The accused, whose identity has been withheld, confessed to the crime during interrogation, the police statement read.

Further investigation is underway.

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National

Ashish Shelar Orders Timely Honorarium Disbursal And SOP Reinforcement For Senior Folk Artists

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Cultural Affairs Minister Adv. Ashish Shelar on Tuesday directed the department to re-communicate instructions to all District Collectors regarding the Standard Operating Procedure (SOP) for disbursal of honorarium to senior folk artists. He also instructed that every senior artist must receive a written response to their application within the prescribed timeframe.

A review meeting was held at Mantralaya to assess the remuneration process for senior artists, during which Cultural Affairs Minister Ashish Shelar issued key directives. The application process for this year’s honorarium disbursal began today.

Noting that several complaints are received annually regarding delays and inconsistencies, the Minister instructed the Director of Cultural Affairs to ensure time-bound redressal of all grievances. He emphasized that every senior artist must receive a written response to their application within the stipulated timeframe to build trust and transparency in the system.

Minister Shelar also pointed out that the formation of remuneration committees for senior artists is still pending in many districts. In light of this, he stressed the need to re-communicate the Standard Operating Procedure (SOP) to all District Collectors to ensure uniformity and accountability in the implementation of the honorarium process across the state.

Deputy Secretary of the Cultural Affairs Department Mahesh Vavhal, Director of the Directorate of Cultural Affairs Bibhishan Chavare, Joint Director Shriram Pande, and other senior officials were present on the occasion.

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