Aditya Birla Fashion Board meeting on 23 October to consider proposal on fund raising; shares up by 6 per cent

Aditya Birla Fashion Stock Alert: The Board of Directors of Aditya Birla Fashion and Retail Limited will be meeting on 23 October 2020 (Friday) to consider a proposal for raising funds through issue of equity shares/ convertible bonds / debentures / any other securities, through permissible modes, the company informed in its filing to the stock exchanges. 

“Please be informed that a meeting of the Board of Directors of the Company will be held on Friday, October 23, 2020, to inter alia consider of proposal for raising funds through issue of equity shares/ convertible bonds / debentures / any other securities, through permissible modes including but not limited to a qualified institutions placement, preferential allotment, rights issue, further public offer, etc., subject to such approvals, as may be required under the applicable laws,” the company filing said. 

At 12:30 pm, the stocks of Aditya Birla Fashion were trading at Rs 153. 20 on the NSE, up by almost 6 per cent from the previous close on Friday.

With a retail space of 8.1 million sq ft as on March 31, 2020, ABFRL is a billion-dollar pure-play fashion company. ABFRL emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL’s Madura Fashion division and ABNL’s subsidiaries — Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

ABFRL has 3,031 brand stores across the country with a presence across 25,000 multi-brand outlets and 6,000+ point of sales in department stores across India, the company’s website says.


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It is also a multi-brand retailer of international brands including Simon Carter and select mono-brands such as American Eagle, Ralph Lauren, Hackett London, Ted Baker and Fred Perry.

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Microsoft board is looking for women and minorities for pool of candidates who could someday replace CEO Satya Nadella

  • Microsoft emphasized the importance of diversity in its succession planning strategy in its latest proxy statement.
  • India-born CEO Satya Nadella is among the seven members of Microsoft’s 12-person board who is not a White male.

a man in glasses looking at the camera: Satya Nadella, CEO of Microsoft

© Provided by CNBC
Satya Nadella, CEO of Microsoft

Microsoft has stated repeatedly said it’s committed to boosting diversity. Now the company has strengthened that commitment by pledging it will seek minority candidates who could one day take the place of CEO Satya Nadella.


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“The board is committed to actively seeking highly qualified women and individuals from minority groups to include in the pool of potential CEO candidates,” Microsoft said in its annual proxy statement on Monday. The board handles CEO succession planning, including identifying both internal and external candidates and coming up with plans to develop internal candidates, according to the filing.

The statement does not signal anything about Nadella’s plans or status — Microsoft, like nearly every other company, regularly includes a statement about succession planning in its annual filings. However, the statement’s commitment to diversity at the CEO level is new, and is unusual among tech companies.

Microsoft is among the many technology companies that have released data showing their relative lack of racial and gender diversity and saying they would to increase diversity. Nadella, who was born in southern India, brought diversity to the CEO seat when he replaced Steve Ballmer in 2014. Now, as Microsoft seeks to acknowledge social tensions, the company’s board appears eager to consider min

In recent years Microsoft’s board-level diversity has increased somewhat. In its proxy, the company claims seven out of the 12 board members are “diverse” — that includes women and non-White board members. In 2014, shortly after Nadella took over, five out of the 10 board members were “diverse.” The board’s chairman since 2014, John Thompson, is Black.

Microsoft released diversity figures for the first time in 2014, as did competitors such as Amazon and Google. The report showed Microsoft was 71.0% male globally and 60.6% white in the U.S. By 2019 Microsoft was 70.7% male globally and 52.1% white in the U.S.

In June, after George Floyd died while in police custody in Minnesota, Nadella became more vocal on diversity.

“As we see the everyday racism, bias and violence experienced by the Black and African American community, the tragic and horrific murders of so many, the violence in cities across the US, it is time for us to act in all arenas,” he told employees in a memo. Weeks later he sent out another memo, saying that Microsoft “will double the number of Black and African American people managers, senior individual contributors, and senior leaders in the United States by 2025.”

Earlier this month Microsoft said the U.S. Labor Department had contacted the company to determine if the plan is illegal.


Watch CNBC’s full interview with Microsoft CEO Satya Nadella



Watch CNBC’s full interview with Microsoft CEO Satya Nadella



Beauty: As the A-list embraces DIY, our beauty guru Triona McCarthy is on board

There’s a party goin’ on right here. A celebration to last throughout the years. So bring your Life mag and your going-out gear. We gonna celebrate with Party McCarthy, my dear! Come on now. Celebration. Let’s all celebrate and have a good time!

pologies to Kool and the Gang! Remember the time all the celebs were going make-up-free on Instagram when the lockdown first happened? Well now they’re all gone DIY-mad!

Taylor Swift kicked it all off when she did her own hair and make-up for the launch of her album folklore, and since then Meghan Markle, Lady Gaga and Jameela Jamil have all taken things into their own hands and applied their own maquillage.

Now, don’t get me wrong – I still love getting treated to a full face by the pros from time to time, but if we can achieve great looks at home, then why not make it an everyday thing? It always boosts my mood and sets me up for the day, anyway.

Basically, it’s all down to the products we pick, so this week I’ve a whole heap to run through to get you on the right track. From face treatments to new formulas, you’ll be DIY-ing in no time.

The Trend: Magic wand


Have you spotted yours truly in the Sculpted by Aimee Connolly official campaign yet? I took part to promote the Irish brand’s new range of concealers, Brighten Up, an under-eye liquid concealer; and Complete Cover Up Concealer, both pictured. One thing I couldn’t conceal is that I’m 47 and size 14 – smashing the beauty industry’s taboos – and I couldn’t be more proud. Just call me the next JLo. Working with me (all Covid -19 protocols were observed) was Missy Keating, who, at 19, is young enough to be my daughter. Such a fun day!


The Treatment: Face freshener


I believe the heart doesn’t wrinkle. Can’t say the same about my face, though, and with Will being nearly six years younger than me, I’m all about holding back the years, just like cougar Courtney Cox, pictured.

So when I heard that The Spa at The Merrion Hotel had undergone a revamp, I was in there like swimwear. It has a brand-new entrance on Fitzwilliam Lane, and I popped in for the Biologique Recherche Hydreclat facial, €115 (55 minutes).

This treatment uses the PIGM 400 range and a brightening serum to moisturise and rejuvenate tired-looking skin. There’s also a booster treatment that will tighten pores and make your complexion glow instantly.

My advice would be to box off a morning or afternoon for a bit of ‘me time’ and treat yourself at The Merrion hotel afterwards, too.

And why not top it all off with a nice autumnal walk in nearby Merrion Square?

The Talk: Home hair heroes


The Inkey List Amino Acid Anti-Gray Scalp Treatment The Inkey List Amino Acid Anti-Gray Scalp Treatment

The Inkey List Amino Acid Anti-Gray Scalp Treatment

The Inkey List Amino Acid Anti-Gray Scalp Treatment


I’m always on the hunt for products that will seriously up the at-home hair-styling

Fairfax School Board Delays Decision On Hybrid Model For Students

FAIRFAX COUNTY, VA — After Superintendent Scott Brabrand presented recommendations for phasing in hybrid learning, the school board could not reach a decision on hybrid learning in a Thursday meeting that ran into Friday.

In September, the school board approved a plan to bring back limited cohorts of students for in-person learning. The first group of students started returning on Oct. 5 for specialized Career and Technical Education classes, and additional groups are planned to return later in October and November.

This week’s vote centered around the return of two groups for hybrid learning, or a mix of in-person and virtual learning. Under the superintendent’s tentative timeline, there would be a January return for elementary school students in third through sixth grade, students in secondary public day programs-special education (Burke School middle school students, Cedar Lane School and Quander Road School) and Davis & Pulley Center (students with target learner profiles). The next group, middle and high school students in sixth through twelfth grade and Davis & Pulley Career Centers, would return in February.

The school board deadlocked on a motion to postpone discussions until Nov. 12 on bringing back those two groups for hybrid instruction. School board members who favored delaying the conversation were Ricardy Anderson, Melanie Meren, Tamara Kaufax, Abrar Omeish, Laura Jane H Cohen, and Karl Frisch. Members who were opposed were Megan McLaughlin, Rachna Heizer, Elaine Tholen, Karen Corbett Sanders, Karen Keys-Gamarra and Stella Pekarsky.

The return to school presentation focused on the school district’s operational and readiness levels, an update on COVID notification and reporting, and tentative phases for bringing back remaining student groups.

This article originally appeared on the Kingstowne-Rose Hill Patch

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