promoters
Scotching speculation suggesting that its promoters are diluting stake which resulted in nearly 19 percent dip in its share prices, Jaiprakash Associates Ltd today said small share holding disposed of by a promoter company was to meet needs of funds including for social cause. It is understood that rumours are being planted in the market [...] Continue Reading »
Nearly 90% of the investments in large projects, which were held up and have now been cleared, have materialized, suggests the initial numbers flowing into the cabinet secretariat. An analysis by the Project Monitoring Group (PMG) housed in the cabinet secretariat of the 113 projects cleared shows that Rs 3.3 lakh crore has already been [...] Continue Reading »
Hindustan Construction Company’s dues of Rs. 5, 000 crore, mainly with various government agencies, continue to be stuck in litigation, although a year has passed. Praveen Sood, group chief financial officer, HCC,told sources ,out of the dues of R5,000 crore, R1,000 crore is being battled out in courts for settlement while the remaining R4,000 crore [...] Continue Reading »
Retired lieutenant general Tejinder Singh,a member of the Adarsh housing society, has said the inquiry commission that the Adarsh building was not a security threat to any army installations. He said he did not paid any attention to the security concerns of the defence department as he felt the building did not pose any threat [...] Continue Reading »
Recently a wetland at Pirtala in Kolkata Municipal Corporation (KMC) area has been filled up in broad daylight and been allocated into plots by land sharks and are being sold at Rs 3.25 lakh per cottah. Located in Chowbaga, the 52-bigha waterbody was filled with marsh around. In the summer, the water dried up, leaving [...] Continue Reading »
Even after the orders from the state’s chief minister, the police and the concerned authorities of Kolkata turn a blind eye to the encroachment of water bodies. Chief minister Mamata Banerjee had asked the police and Trinamool Congress councillors to check that no water body in their jurisdiction disappears. But this seems to have had [...] Continue Reading »
