News

SIS profit rises to Rs 101 crore in Q3

New Delhi, Feb 3 (PTI) Security and Intelligence Services (SIS) on Thursday reported a marginal increase in net profit at Rs 101 crore for the third quarter ended December 2021. The company, which is into facility management, security and cash logistics, had posted a net profit of Rs 99 crore...


Bihar’s Rituraj Sinha among 15 gems of Modi government

Patna: The Modi government has constituted a 15-member high-level expert committee on nation building and development in the country. A total of 15 people have been given place in this committee. The Modi government has given great responsibility to these faces coming from different regions. It is a matter of pride...


Private security agencies want skilled people, lesser GST

At industry body Ficci’s Private Security Industry (PSI) Conclave-2018 which began on Friday, the personal security sector urged the government to increase its focus on the sector, amid rising crimes and unemployment. Inaugurating the event, Shiv Pratap Shukla, Minister Of State for Finance, said the government was actively considering the industry...


The Consolidators’ book review: Entrepreneurs who turned their silver spoons gold

Author Prince Mathews Thomas narrates stories of successful second-generation entrepreneurs who grew the family businesses they inherited. The stories in the book titled ‘The Consolidators’ transport you to the world of Bollywood movies like ‘Dil Dhadakne Do’ and ‘Dil Chahta Hai’, where the next-gen privileged elite grapple with a perennial question:...


FDI in private security requires change in Act

The Centre will need to amend the Private Security Agencies Regulation (PSAR) Act (2005) to help in implement its decision to allow foreign direct investment of up to 74 per cent in private security agencies, an official of a trade body said. “Given that investment in the private security sector is...


How Rituraj Sinha is changing the Security Company his father founded

At one stroke Rituraj Sinha was putting at stake a business his father had built over 30 years. RK Sinha had founded security service provider SIS (India) in 1974 in Bihar. Now in 2008, his son wanted the Rs 150-crore company to buy an Australian security firm Chubb that was...


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