Embattled real estate firm Unitech Ltd. was on Wednesday directed by the Supreme Court to deposit Rs. 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurugram project but not got possession on time. “We feel pained,” a Bench of Justices Dipak Misra ... Read More »
Bollywood actor Salman Khan, the goodwill ambassador of the Indian contingent at this year’s Olympics in Rio, will present a cheque of Rs. 1,01,000 to each of the athletes. “As a gesture of appreciation for our Olympic athletes, I will present each one with a cheque of Rs. 1,01,000,” Salman, ... Read More »
Akshay Kumar’s Rustom is reaching new heights with each passing day at the box office. The movie, which is loosely based on the infamous case of KM Nanavati vs State of Maharashtra, struck the right chords with the audiences. Despite the box office clash with director Ashutosh Gowariker’s Mohenjo Daro ... Read More »
Education services player Zee Learn has posted a 50.6% rise in net profit for the first quarter ended June 30, 2016. The company posted net profit of Rs 8.01 crore for the first quarter of FY17 compared to Rs 3.95 crore posted in same quarter of FY16. The company reported ... Read More »
The Adani group has started construction on India’s first trans-shipment port – an intermediary port that allows container ships to offload before their journeys end, Reuters reported. The Indian government will give the Adani Group a grant of Rs 1,600 crore for the project, which it hopes will bring in ... Read More »
The Aurangabad High Court has issued a notice to the Maharashtra government two weeks after it raised the lower limit for certain e-tenders in the state from Rs 3 lakh to Rs 10 lakh. The state had in 2014 issued a resolution mandating that all government works worth more than ... Read More »
Indiabulls Real Estate said that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs). Last month, the Mumbai-based company had announced that it proposed to raise up to Rs 200 crore through issue of NCDs on a private placement basis. So far, the company has raised Rs 131 crore in three tranches. ... Read More »
Mobile handsets worth about Rs 10.37 lakh were allegedly stolen from the godown of an e-commerce company by its employees in Thane, police said on Wednesday. According to a police complaint lodged by Amazon, on May 22, a total of 17 mobile handsets were stolen by five contractual employees from ... Read More »
Devireddy, head cashier in the State Bank of Mysore branch in Sirguppa, is reported to be missing after allegedly taking away Rs. 1.5 crore in cash from the bank’s currency chest. Based on a complaint from the Chief Manager of the bank, Ravi Hegde, on Tuesday, Sirguppa police swung into ... Read More »
The Enforcement Directorate has provisionally attached assets worth Rs. 53 crore in connection with the ongoing investigation into allegations of money laundering of about Rs.2,330 crore funds procured from nationalised banks by Surya Vinayak Industries Limited (SVIL) and its sister concern. Those named as accused are Surya Vinayak Industries, its ... Read More »
The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »
The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »
