Tagged in: Jaylan

DRI arrests Future Enterprises CFO for evasion of customs duty

first_imgKolkata: The Directorate of Revenue Intelligence (DRI) has arrested Dinesh Maheshwari, the chief financial officer (CFO) of Future Enterprises Limited, for alleged evasion of customs duty to the tune of Rs 14.58 crore. The company was importing readymade garments from Bangladesh through Petrapole Land Customs Station (LCS) without payment of basic customs duty, availing of the South Asian Free Trade Area benefit, the agency said in a statement on Saturday. “…He (Maheshwari) appears to be the main person responsible for the evasion of duty to the tune of Rs 14.58 crore by Future Enterprises Ltd. He appears to be guilty of an offence punishable under Section 135 of the Customs Act and has, therefore, been arrested under Section 104 of the Customs Act, on July 12,” it said. It was learnt that the garments were supplied by third country suppliers based in Dubai and Singapore and delivered from Bangladesh after minimal processing.last_img read more

Participants needed for Relay for Life

Luminaries are lighted at the Relay for Life in honour of those affected by cancer. Brock is hosting the Relay for Life on June 21 and is looking for participants for its team. Five good Samaritans are needed are for their endurance and their good will next week.Student Life and Community Experience is looking for handful of volunteers to round out the team of 10 runners and walkers it’s organizing for the Relay for Life on June 21.The event, which happens on campus from 7 p.m. June 21 to 7 a.m. June 22, is organized by the Canadian Cancer Society. It kicks off with a lap for cancer survivors and also includes the lighting of luminaires at 10 p.m. to honour those affected by the disease.Activities and entertainment are on the bill all night to help keep participants going during the 12-hour relay. Movies, dinner, a snack and breakfast are also provided.To get involved or learn more, visit Relay for Life and search for Brock University. There is a $10 registration fee and participants must raise $100 in donations.Donations and luminary purchases ($5 each) can also be made online or in person at the SLIC office in MC A 204. read more

Ok Tedi Mining extends partnership with Wipro for Digital Mining Vision 2025

first_imgOk Tedi Mining Ltd  (OTML), a leading copper and gold mining company based in Papua New Guinea (PNG), has extended its strategic partnership with Wipro to drive OTML’s transformation journey and achieve its Digital Mining Vision 2025. OTML is recognised as a responsible corporate citizen in PNG and has provided over three decades of support to the government and people of the Western Province of PNG. Wipro has partnered with OTML to help improve business processes using advanced technologies, and enable its future mode of operations.Garry Tuckwell, Global Head of Wipro’s Natural Resources business said, “Wipro is pleased to have developed this partnership with OTML. We have worked closely with the executive and senior leadership team to help define the key strategic initiatives that will enable the company to realise its future vision and potential. We are excited at the opportunity to leverage our broad set of capabilities, coupled with Ok Tedi’s in-depth mining expertise, to really help transform its mining operations, so that it is well positioned to win in the PNG mining industry, while creating a safe and secure environment for its workforce.”Derrick Kelly, OTML General Manager Business Strategy and Support said, “Our partnership with Wipro will allow us to focus on implementing mining best practices across our organisation and increase the skill levels of the local workforce in PNG. It will also help us establish a ‘Digital Mine’ of the future, in one of the remotest locations in the world.”OTML is establishing a new framework that embraces the role of technology, a new set of capabilities within the organisation to successfully use business best practices and systems, and streamline the organisation’s operations across the entire value chain, eliminating waste and maximising shareholder returns from the resources at its disposal.As part of the partnership, OTML and Wipro have launched the Strongim Future Program – leveraging the SAP® ERP application – as a key foundation in the transformation journey. SAP is a market-leading provider of integrated ERP solutions for the mining and metals industry, enabling customers across the globe to achieve efficiency in their operations. The Strongim Future Program will use SAP best practices, replacing a number of legacy sytems and putting in place the cornerstone for OTML’s future mode of operations.Wipro’s Natural Resources division, a part of its Energy, Natural Resources and Utilities (ENU), Strategic Business Unit, provides strategic advice and leverages advanced technology services from across the organisation to create game-changing strategies and address key business challenges of the metals and mining industry. Experienced specialists offer services and solutions that incorporate a range of capabilities across the entire value chain, from exploration through feasibility and ultimately operations.last_img read more