Udupi's prominent NRI businessman Hidayathullah Abbas honored with 'Gulf Karnataka Ratna' award
Dubai: Hidayathullah Abbas, a distinguished Non-Resident Indian (NRI) businessman hailing from Uchila, Udupi, was bestowed with the prestigious 'Gulf Karnataka Ratna' award at the Gulf Karnatakotsava event held in Dubai on Sunday, September 10, 2023. The event's Chief Guest, His Highness Sheikh Mohammed Maktoum Juma Al Maktoum, a member of the Royal Family of Dubai and Chairman of MBM Group, graced the occasion.
Hidayathullah Abbas embarked on his entrepreneurial journey in the 1970s, initially engaging in hardware trading. Over time, he diversified into the supply of stainless steel materials and gradually emerged as a market leader in trading, processing, project supplies, manufacturing, and services related to architectural and industrial products in stainless steel and allied metals.
As the founding chairman of the Hidayath Group, he played a pivotal role in its remarkable growth. In just four decades, the group achieved global recognition in the stainless steel industry. His visionary leadership, hard work, unwavering commitment, risk-taking acumen, and dedication were instrumental in propelling the group to success. Hidayathullah Abbas's strategic focus and understanding consistently aligned with the group's objectives. His emphasis on continuous technological advancement, strategic acquisitions, and well-planned expansions into new markets enabled the group to make substantial inroads into the architectural and industrial sectors.
In addition to his remarkable business achievements, Hidayath is also a prominent philanthropist, actively supporting religious, educational, and social institutions. His contributions extend beyond the business realm, reflecting his commitment to the betterment of society.
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Autorickshaw fare is more than airline fare, says HC while refusing capping of airfares
New Delhi, May 15: Observing that airline industry is "very very competitive" and the players are running "huge losses", the Delhi High Court on Wednesday said it would not be appropriate to pass any directions for the capping of airfares across the country.
"Market forces will decide the pricing of tickets. The industry is doing very well today. You look at any airline flying today, it is a highly competitive industry. An auto rickshaw fare is more than the airline fare today," a bench of Acting Chief Justice Manmohan and Justice Manmeet PS Arora said.
The court disposed of two petitions seeking regulation of pricing of flight tickets and said it would pass a detailed order.
"Today the industry is very very competitive. You will find those who are running airlines are into huge losses," the bench said, adding huge investment is coming in this sector and "let's not make it more regulated".
"It is a well-controlled sector. Every industry which is doing well need not be tampered with," the bench said.
It said stray incidents will not require the court to entertain public interest litigations (PIL) on the issue and bring the entire sector under any new regulation.
The two PILs were filed by advocate Amit Sahni and consumer rights activist Bejon Misra, through lawyer Shashank Deo Sudhi.
The petitioners urged the court to pass directions to cap airfares across the country so that customers are not "fleeced arbitrarily" by airlines.
The counsel for the Directorate General of Civil Aviation (DGCA) opposed the plea and submitted that the airfares depend on the routes as well as the availability of planes and sometimes there are very few passengers in the aircraft and yet they fly.
