A soft reminder of Maldives: underdogs could bite to

The Government has learned a lesson and an important positive on that.

For GMR, which is already faced with the cost of indecency in India, there is a great deal at stake.

View the Original article

Why Subrata Roy Sahara a fit goes for a SIT-probe

the amount that the group claimed was all that was still must be repaid to investors in any fully convertible bonds (OFCDs) issued by SHIC unlawfully and to ignore the SIREC by Sebi regulatory control.

The data are important, for 31 August 2012 is when the Supreme Court specially ordered Sahara liquidate of the two schemes to pay the money to Sebi, which then funds to legitimate investors after a verification of the documents would pay.

The refunds made directly to investors by the Sahara

View the Original article

KFA pilots approach if not paid salaries DGCA today

AFP

The pilots threat comes after the management, representing the employees that their salaries for three months, from the seven months, will be paid in instalments by Diwali had insured.

The airline, which since 1 October after his pilots and engineers went on strike demanding payment of dues a flight ban, has the flying license temporarily lost.

However, the airline may convince the workers against their agitation assure them that their dues of three months (March to may) will be released in three instalments by Diwali.

On 24 October the agitation was then cancelled.

Meanwhile, a highly placed DGCA official told PTI, "payment of salary is an internal issue that the management and the workers will need to figure out themselves. Our concern is safety and we already have temporarily suspended the airline flying license on this count. "

The official, however, said that these issues certainly will be taken into account, when the airline submits its revival plan.

"The employees must approach the competent bodies such as the labour court or other such institution to get the problem solved," he added.

The airline was told by the aviation regulator that the license be repealed only when it submits a comprehensive revival plan and after taking the views of the stakeholders.

Kingfisher is since 1 October is grounded and on 19 of the same month, the regulator suspended its flying license.

The airline has a bank credit of Rs 7,000 crore and unpaid interest since January this year, more than Rs 10,000 crore apart of cumulative losses since its launch in May 2005.

The 17 lenders, led by the State bank, had set a deadline of 30 November to bring in additional capital infusion amounting to at least Rs 5,000 crore as a condition to consider the airline request for more working capital loan.

However, as of now there is no word from the company about the bankers demand.

PTI

. pagination_article

View the Original article

Economist on worst-kept secret in the Indian business: Tata debt

basis because it is not listed.

The article has taken into consideration results of the "14 largest operating companies (with the exception of Tata financial operations)

View the Original article

CCI rejects complaint against market abuse DLF in Chennai

Reuters

The Association had claimed that after almost 18 months from bookings the flats and after paying crores of rupees, DLF "prompted the allottees to sign an agreement which is very unfair terms".

Dismissal of the Center, said the Commission procedures have been closed under "section 26(2) of the Act (competition)". Under this section the moderator a case close if it cannot find a prima facie evidence to proceed further.

DLF holds 51 percent stake in DLF southern homes. According to the informant, the developer an edge over other competitors scored by linking the price of Rs 2,800 per m² against prevailing market interest of Rs 3,200 per m² for comparable high turnout premium segment apartments.

Cutting speed, measured in 2009, DLF offered the apartments of the tariff of Rs 2,500 per m² for first customers and Rs 2,550 per m² for subsequent customers, depending on the order. The informant sought to create that DLF southern homes a dominant player in high rise premium apartments in the relevant market of the Corridor between two toll gates on this OMR gang was. However, the regulator said that the relevant geographic market cannot be limited to the OMR the corridor.

".. .the objective of the geographic market is the informant corridor OMR it is not acceptable. On the basis of the factors of supply and demand substitutability, the geographical area concerned in this case would be the field consisting of the entire geographical area of Chennai city, "said the order.

The information provided by the informant shows that within the OMR the corridor itself, there are a number of other builders who had started similar projects in that area, while DLF were involved in one project was, said the Commission.

PTI

. pagination_article

View the Original article

France's threat to Mittal is proof that socialism does not work

and their respective economies actually walk to the ground.

In France, Francois Hollande, President of the social-democratic, busy in an extraordinary burst of public bickering with Indian descent steel magnate Lakshmi Mittal with threats to nationalize Arcelor Mittal plant in Florange after Mittal shut down two blast furnaces to his losses after a worldwide drop in demand for steel.

View the Original article

Batting for corporates: Obama does it, why not our PM?

Front page World Business Sports politics economy Bollywood India invest life Tech Blogs 2012Real estate New Delhi Mumbai Gujarat photos eBooks DebatesTravel

View the Original article