New Delhi, Aug 6 (IANS) The National Commission for Women has issued fresh notices to Bollywood director Mahesh Bhatt, actors Urvashi Rautela, Esha Gupta, Mouni Roy and TV actor Prince Narula to record their statements against an accused for alleged blackmail and sexual assault of a number of women on the pretext of providing modelling opportunities through his company.
The fresh notices come after these celebrities, who allegedly promoted the company - IMG Ventures - failed to appear at the hearing before the commission which it had scheduled for August 6.
"NCW has taken serious note of their non-appearance. The meeting has been adjourned to the next date, i.e., on August 18 at 11.30 a.m. You will be sent formal notices again and non-appearance will be followed by action as per our procedures," the commission said while initiating action on Thursday.
Initially, the commission had also summoned Bollywood actor Sonu Sood. However, a fresh notice was not issued to him as the actor responded to the commission clarifying his stand on the issue. Responding on Twitter, NCW chief Rekha Sharma tweeted, "He did come back to us and is cooperating."
Speaking to IANS over the phone, People Against Rapes in India (PARI) founder Yogita Bhayana, who filed the complaint, said, "I want to convey that if these people can unofficially ask IMG Ventures to remove their videos from their website why did they not answer or reply to NCW in today's hearing?"
"They are double-faced people who want to disassociate with Sunny Verma and his bad deeds and at the same time are afraid to say that they were associated with him in the past," the social activist said.
According to the complaint, the accused Sunny Verma, promoter of IMG Ventures, had been blackmailing and sexually assaulting a number of women on the pretext of providing them modelling opportunities. "Many TV and film actors are also promoting his company in a video advertisement," Bhayana's complaint had said.
Bhayana in the complaint had also named various Bollywood celebrities including Mahesh Bhatt, Sonu Sood, Urvashi Rautela , Mouni Roy, Rannvijay Singh, Prince Narula and Esha Gupta.
The complaint mentions that to make it look genuine, his company was also charging an entry fee of Rs 2,950. Once the girls applied, they were allegedly persuaded by the female accomplices of Sunny Verma to submit their nude pictures in order to get better opportunities.
"After receiving the nude pictures and sometimes even before, Sunny used to get in touch with the girls to push them for completely nude pictures and videos. He also used to ask them to submit to his sexual desires if they were interested in modelling as a career or wish to win the contest," the complaint said.
The complaint claimed that once Sunny Verma established a physical relationship with the girls, he used to blackmail them for regular sexual favours. Many girls from across the country have suffered sexual assault and mental harassment by Sunny and his accomplices.
In her complaint, Bhayana said, "I have now received several letters, texts and audio clips from several girls as proof of this modus operandi of Sunny Verma and IMG Ventures. The girls have given details of sexual harassment under the condition that their names and identities will not be revealed. They have also shared their chat screenshots and audio call records with Sunny Verma. The chats are full of demands of sexual favours from Sunny Verma."
"We request NCW to take cognisance of our complaint and take appropriate action against Sunny Verma, his female accomplices, the partners of the company as well as against the Bollywood stars who are promoting IMG Ventures in spite of knowing everything," it said.
New Delhi, Sep 28 (IANS) Investment experts have projected a positive turnaround for the ITC stock with 41 out of 43 analysts on Bloomberg giving a "buy" or "Hold" call for the stock.
As per JM Financial, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's.
ITC in FY30 could clock an FMCG EBITDA that is higher than the combined FY20 EBITDA of Nestle India, Britannia, Tata Consumer, JM Financial said.
It said that ITC's FMCG segment is possibly one of the most under-appreciated businesses in the Indian consumer space in recent times.
"We suspect the market may not have taken a holistic look yet; our understanding of Indian consumer categories tells us that ITC FMCG today addresses market opportunities that are Rs 2.1 trillion ($ 28 billion) in size in aggregate. Even if one excludes a couple of nascent Dairy products from the portfolio, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's," it added.
"Profitability is low at present, but we reckon that with investment-phase largely done (though some new categories are still in incubation stages), profits and cash-generation would get much bigger here onwards," the report said.
As per Centrum Broking, "In our deep dive analysis into ITC's foods business we conclude that it is at the cusp of a take-off both in terms of top-line and margins."
"ITC is emerging as a foods company, more comparable to Nestle than HUL. Branded packed food consistently gaining saliency given the management focus (saliency increased from 71 per cent of other FMCG in FY14 to 81 per cent in FY20)," it added.
It is the only company which has successful brands from staples (Aashirvaad) to RTC and RTE (Sunfeast, Bingo, Yippee etc.).
ITC has made consistent investments in brand building over the past decade helping create brands across the branded packed food categories from staples a and dairy to RTC and RTE. Aashirvaad, Sunfeast, Bingo and Yippee now account for Rs 60 billion, 40 billion, 27 billion and 13 billion in consumer spend terms.
As per BNP Paribas, there is a faster than expected recovery in ITC's cigarette business. The catalyst for ITC is a faster than expected recovery in cigarette volumes and higher than expected margin expansion in the FMCG business.
As per B&K Securities, a turnaround in cigarette volumes is expected from September onwards. "We believe the gradual lifting of start/stop lockdowns in most states, opening up of bars/clubs in some states and more attendance in offices due to lesser fears from Covid-19 will lead to the marginal smoker slowly coming back. Given the fact that 30 per cent of the smokers' user base comprises of non-regular smokers who have been impacted by the start/stop lockdowns, we feel the industry figures will start looking up from September 2020," it added.