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Q2 net profit fell by 18% to $637 million.

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Total income rose by 12 percent in the same period.

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Aries Group to make dowry-takers leave, face legal action

    • The group had announced anti-dowry policy on International Women’s Day

    • The clause incorporated in the employment contract

    Any employee of multinational conglomerate Aries Group who accepts or gives dowry will have to leave the company and face legal actions, local reports on Wednesday, June 30, quoted the group as saying.

    The group had announced this anti-dowry policy on International Women’s Day, said the reports. However, it has only now formally incorporated this clause in its employment contract, according to Aries Group CEO Sohan Roy.

    The UAE already has an anti-dowry law. However, there is some grey area in its interpretation, where something like the Islamic tradition of mehr — money given by the groom directly to the bride — may be misconstrued as dowry.

    However, there is another aspect to this move by Aries, whose founder himself is Indian — a country where the bride’s family has to give the groom and his family quite a few gifts at the time of marriage.

    None of this will now apparently be tolerated by the Aries Group, which has said new entrants and the employees renewing their existing contracts will have to sign this anti-dowry policy.