Page 3849 - Business Finance
Delhi Masterplan: SC rejects Centre's plea seeking modification of order
The Supreme Court today rejected the plea of the Centre seeking modification of its order in which the DDA was asked to invite suggestions from the public on amending the Master Plan of Delhi-2021. A bench of Justices M B Lokur and Navin Sinha did not accept the Centre's submission that there was no need to take suggestions or objections of the public as DDA had undertaken this exercise earlier. "We have not acceded to the request (of Centre and DDA) seeking modification of our order," the bench said. The apex court had on May 15 accepted DDA's action plan in which it had listed out steps including launching of an interactive website and a smart phone application to enable the public register their grievances regarding illegal constructions and given the authority 15 days time to make it operational. The DDA had also proposed to fix responsibility on officials in cases of illegal construction activities in the national capital and violation of the master plan and building bye-laws. In
CVC calls for preventive vigilance to check malpractices
Shri Chowdary said while probable vulnerable areas are unique to organisations, few commonly occurring corrupt practices are in areas like procurement, sale of goods and services, human resource management, delivery of services to public and enforcement. He called for improving existing systems, reviewing processes for simplification, leveraging technology, reducing personal discretion, effective control and supervision, educating citizens and training for bringing about transparency and accountability in organisations.
Gur ends quiet in Delhi, jumps in Muzaffarnagar and Muradnagar
Steady trend remained unabated at the wholesale gur (jaggery) market in the national capital today following limited demand amid restricted supplies. On the other hand, Muzaffarnagar and Muradnagar gur markets displayed a firm trend, prices rose up to Rs 150 per quintal on paucity of stocks amid speculative buying. Marketmen said negligible arrivals from manufacturing belts due to adverse weather conditions, along with speculative buying by stockists and retailers, caused the upsurge in gur prices. In Muzaffarnagar, gur Chaku and Khurpa prices plunged by Rs 150 each to conclude at Rs 2,450-2,650 and Rs 2,400-2,450 per quintal, respectively. Prices of gur Laddo also by Rs 100 to finish the day at Rs 2,600-2,650 per quintal. At Muradnagar, gur Pedi prices rose by Rs 50 to settle at Rs 2,550-2,600 per quintal. Following are today's rates (in Rs per quintal): Gur chakku Rs 2,900-3,000, pedi Rs 2,900-3,000, dhayya Rs 3,100-3,200 and shakkar Rs 3,200-3,300. Muzaffarnagar: Rasket Rs ...
BMW launches updated MINI versions in India
German luxury carmaker BMW today launched updated versions of MINI Hatch as well as MINI Convertible in India, with price ranging between Rs 29.7 lakh and Rs 37.10 lakh (ex-showroom Delhi). Diesel-powered MINI 3-door Cooper D is priced at Rs 29.7 lakh, while the petrol version of the model is tagged at Rs 33.2 lakh. On the other hand, diesel-powered MINI 5-door Cooper D is priced at Rs 35 lakh while the MINI Convertible Cooper S is tagged at Rs 37.10 lakh (all prices ex-showroom). The models would be available at all MINI dealerships as completely built-up (CBU) units from June onwards. "The launch of the new MINI Hatch and the new MINI Convertible will further strengthen the exceptional position of MINI within the premium small car segment in India," BMW Group India President Vikram Pawah said in a statement.
Hindustan Zinc Ltd down for fifth straight session
The stock is quoting at Rs 283.55, down 0.23% on the day as on 13:29 IST on the NSE. Hindustan Zinc Ltd jumped 21.07% in last one year as compared to a 10.49% rally in NIFTY and a 19.91% spurt in the Nifty Metal index.
Tata Power Company Ltd drops for fifth straight session
The stock is quoting at Rs 76.5, down 1.23% on the day as on 13:29 IST on the NSE. Tata Power Company Ltd tumbled 4.85% in last one year as compared to a 10.49% rally in NIFTY and a 12.83% spurt in the Nifty Energy index.
Amara Raja Batteries Ltd drops for fifth straight session
The stock is quoting at Rs 777.9, down 0.57% on the day as on 13:29 IST on the NSE. Amara Raja Batteries Ltd tumbled 7.11% in last one year as compared to a 10.49% rally in NIFTY and a 1.45% spurt in the Nifty Auto index.
Sensex, Nifty hit fresh intraday high
Strong buying demand in index pivotals propelled the key benchmark indices to fresh intraday high in afternoon trade. At 13:22 IST, the barometer index, the S&P BSE Sensex, was up 282.33 points or 0.82% at 34,627.24. The Nifty 50 index was up 74.60 points or 0.72% at 10,504.95. Oil & gas stocks declined. Most auto stocks fell. Gains were triggered by bargain hunting following a steep sell-off in the previous session.
Govt move to clear IBC amendments to expedite NPA cases: Ficci
The government's decision to approve an ordinance entailing amendments to the Insolvency and Bankruptcy Code will expedite resolution of a large number of cases pertaining to non-performing assets, Ficci said today. Enabling MSME promoters to bid for their companies under the IBC resolution process will help in speedy resolution in a large number of cases," said Rashesh Shah, President, Ficci. "Easing of the norms for genuine promoters to take part in the resolution process associated with their company will act as a catalyst in the government and RBI's efforts towards stressed asset resolution, he added. The cabinet yesterday cleared amendments to the Insolvency and Bankruptcy Code (IBC), incorporating changes suggested by a government-appointed panel. A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders. However, Minister for Law and Justice Ravi Shankar ...
Former Malaysia government used c.bank, sovereign fund deals for 1MDB dues: sources
KUALA LUMPUR (Reuters) - The government of former Malaysian Prime Minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters.
India trying to get resolution soon on rising fuel prices: oil minister
NEW DELHI (Reuters) - India is trying to get a resolution soon on tackling rising fuel prices, and the government is looking at both short-term and long-term solutions, said Oil Minister Dharmendra Pradhan on Thursday.
Cipla Ltd up more than 1%
The stock is quoting at Rs 537.85, up 1.02% on the day as on 12:59 IST on the NSE. Cipla Ltd is up 6.72% in last one year as compared to a 10.25% spurt in NIFTY and a 10.84% spurt in the Nifty Pharma index.
Dish TV India Ltd is up for a fifth straight session
The stock is quoting at Rs 74.3, up 2.41% on the day as on 12:54 IST on the NSE. Dish TV India Ltd is down 8.89% in last one year as compared to a 10.29% gain in NIFTY and a 4.87% gain in the Nifty Media.
Equity indices gain on value buying; Tata Motors scrips slump
Value buying lifted the key equity indices on Thursday afternoon, after they slumped around one per cent in the previous session.
Tech Mahindra Ltd rose for a third straight session today
The stock is quoting at Rs 707.45, up 1.43% on the day as on 12:59 IST on the NSE. Tech Mahindra Ltd is up 66.07% in last one year as compared to a 10.25% gain in NIFTY and a 27.92% gain in the Nifty IT index.
Emami Ltd gained for a third straight session today
The stock is quoting at Rs 1058.25, up 1.34% on the day as on 12:59 IST on the NSE. Emami Ltd is down 2.88% in last one year as compared to a 10.25% spurt in NIFTY and a 13.79% spurt in the Nifty FMCG index.
Tata Global Beverages Ltd is up for a third straight session today
The stock is quoting at Rs 253.9, up 1.48% on the day as on 12:59 IST on the NSE. Tata Global Beverages Ltd is up 77.49% in last one year as compared to a 10.25% jump in NIFTY and a 13.79% jump in the Nifty FMCG index.
Shriram Transport Finance Company Ltd rose for a third straight session today
The stock is quoting at Rs 1470.25, up 1.32% on the day as on 12:59 IST on the NSE. Shriram Transport Finance Company Ltd is up 52.58% in last one year as compared to a 10.25% gain in NIFTY and a 14.62% gain in the Nifty Financial Services index.
Mahindra & Mahindra Ltd gained for a third straight session today
The stock is quoting at Rs 844.55, up 1.53% on the day as on 12:59 IST on the NSE. Mahindra & Mahindra Ltd is up 27.24% in last one year as compared to a 10.25% spurt in NIFTY and a 1.3% spurt in the Nifty Auto index.
Ashoka Buildcon gains on receipt of arbitral award
Ashoka Buildcon advanced 3.27% to Rs 257.20 at 12:45 IST on BSE after the company said its subsidiary has received an arbitral award of Rs 383.80 crore against various claims filed by the company.