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LAVASA PROBLEMS
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...- India was ready to get a new hill station near Mumbai. But, it is now a ghost townLavasa, India's first planned private hill city near Pune, was envisioned as a European-style utopia with open promenades, waterfronts, and...
- Bankruptcy court approves Darwin Platform's resolution plan for Lavasa CorporationThe Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Pla...
- Jammu Smart City Ltd signs pact for development of Apsara Road 'High Street'The Apsara Road is one of the popular commercial and institutional areas of Jammu city and is surrounded by residential colonies like Preet...
- Ex-legal advisor SK Mendiratta backs EC's dissent decisionMendiratta served with the EC for over 50 years and completed his contract as a legal advisor last year.
- Billionaire Ajit Gulabchand's folly Lavasa turns into a nightmare for Indian bankersLavasa is a symbol of the excesses gripping the world’s second most-populous nation. It now faces what may be its final reckoning.
- RBI, government to ready drug for bad loan painFinance secretary Ashok Lavasa said separately that amendments to the Banking Regulation Act would help in effectively resolving bad loans.
- Banking Act amendments to help resolve NPAs: Ashok LavasaThe amendments would enable regulator Reserve Bank and lenders to take effective steps to deal with problem of NPAs, said Ashok Lavasa.
- A first: Modi govt puts advanced calendar in place for Rs 21.47 lakh crore spending planAn advance calendar for Public Investment Board and Expenditure Finance Committee meetings to ensure timely sanctions of proposals has been...
- Cap on bank withdrawals to be reviewed after December 30: Ashok LavasaOn the likely impact of demonetisation on growth, he admitted that informal sector which mostly deals in cash is facing problem.
- Finance ministry keen to present Budget on February 2 or earlierFinance Ministry is contemplating to present the budget between January 30 and February 2 with a view to completing the whole process by Ma...
- NPA mess a key challenge: Arun JaitleyHe also said that due to better monsoon, the government is expecting higher production this year compared to previous years, which will eas...
- Green Climate Fund of $100 billion/year not enough to tackle climate change: IndiaIndia today said the commitment by some developed nations to generate $ 100 billion towards Green Climate Fund (GCF) every year by 2020.
- Air India blues: 145 Dreamliner delays by over an hour in 181 daysAI had placed order for 27 B-787s as part of its 68-Boeing aircraft deal worth Rs 38,149 crore in 2005 and has so far got 16 Dreamliners.
- Power Ministry again urges Oil Ministry to make available gas for Dabhol power projectIn an attempt to salvage Dabhol power project, Power Ministry urged Ministry of Petroleum & Natural Gas to make available some fuel for run...
- My job for next 3 years is very boring: Ajit Gulabchand, HCC"In 2010, what we wanted to raise was Rs 2,000 crore. We have to see what will be our requirement now..."
- Not involved in illegal land acquisitions in Lavasa: Sharad PawarPawar sought to dismiss charges that he and his family were involved in illegal land acquisitions in Lavasa, India's first planned hill cit...
- Investors shy away from infrastructure cos neck deep in loans like GMR, Lanco and GVKInvestors are refusing to touch infrastructure companies with a barge pole, fearing a wipeout after most of these stocks crashed.
- Good time to start on infra stocks: Ambareesh Baliga, Karvy Stock BrokingIt's time to pick up infra stocks because at least over the next 12 to 18 months we see a decent run up as the major issue is the 5 year pl...
- We hope to get back to 20% growth in 2010-11: Hindustan Construction Co. LtdPraveen Sood, CFO, Hindustan Construction Co. Ltd, in an interview with ET Now talks extensively about the Lavasa project and hopes to get ...
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