Karnataka Rajyotsava Award announced for Dr. Thumbay Moideen
Bengaluru: The Karnataka Government on Wednesday named Dr. Thumbay Moideen, son of prominent community leader late B. Ahmed Haji Mohiudeen, among the recipients of this year’s Karnataka State Rajyotsava Award. A prominent alumnus of St. Aloysius College, Mangaluru, Dr. Moideen has earned widespread recognition in the UAE and beyond for his contributions to higher education and healthcare.
Dr. Moideen founded the THUMBAY Group in 1997, a diversified international conglomerate that has since expanded into health education, healthcare services, and medical research. In 1998, he became the first Indian invited by the rulers of Ajman to establish a medical college in the UAE. This institution has now grown into a university with its own network of hospitals, clinics, medical centers, and pharmacies throughout the country.
Dr. Moideen has been featured in respected publications, including Forbes Middle East and Arabian Business. His achievements have also been recognized with an Honorary Fellowship from the International Medical Sciences Academy (IMSA) and an honorary doctorate from Amity University.
The Karnataka Rajyotsava Award, also known as the Rajyotsava Prashasti, is the second highest civilian honor in Karnataka, India. The award is given annually to recognize citizens of Karnataka and others who have contributed to the state in various fields: Arts, Education, Industry, Literature, Science, Sports, Medicine, Social Service, and Public Affairs.
The award is presented on November 1, the day of the state's establishment, which is celebrated as Kannada Rajyotsava.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
