VIVEK NEGI
Himachal Pradesh HC directs EIH to vacate Wildflower Hall Hotel in two months
Ahead of the court’s order, the Himachal Pradesh government had argued that since EIH had failed to comply with the direction of the arbitral award of July 23, 2005, the state government had decided to resume the ‘Wild Flower Hall’ property and take its possession in terms of the award. In 1995, the Oberoi Group converted the property spread over 77,000 square meters into a five-star hotel after signing an agreement with the Himachal Pradesh government through a joint venture called Mashobra Resort Ltd (MRL).
HC grants EIH time to reply in Wildflower Hall dispute
The Himachal Pradesh High Court granted EIH Ltd, the flagship company of the Oberoi Group, time to file its rejoinder to the reply filed by the state government in a dispute over the historic Wildflower Hall luxury hotel in Shimla.
Wildflower Resort Case: Himachal gets time to reply to EIH's plea
In 1995, The Oberoi Group converted the property spread over 77,000 square meters into a five-star hotel after signing an agreement with the Himachal Pradesh state government through a joint venture called Mashobra Resort (MRL). Under the arrangement, the state government got shares that translated into a stake in the venture. As per its annual 2022-2023 report, EIH holds 78.79% shares in MRL, and the ownership interest held by non-controlling interests is listed as 21.21%.
Agritech startup Eggoz raises $8.8 million
The funding round – a mix of primary investment and secondary share sale – also saw participation from existing investors Nabventures, a venture capital fund anchored by National Bank for Agriculture and Rural Development, Avaana Capital, and Rebright Partners.
Nidhi Chibber appointed CBSE chief, Vivek Kumar Dewangen to be CMD of REC Ltd
Chibber, a 1994 batch Indian Administrative Service officer of Chhattisgarh cadre, is currently Additional Secretary, Ministry of Heavy Industries.
J-K: JCO among two soldiers killed as massive search operation continues in Poonch-Rajouri forests
With the latest killings, a total of nine Army personnel, including two JCOs, have laid down their lives in the ongoing counter-insurgency operation that began in Surankote forests of Poonch on Monday and later spread to nearby Thanamandi in Rajouri and Mendhar in Poonch.
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IPL Auction 2018: Stokes, Unadkat, Rahul highest earners as Rs 431.7 cr spent
Ahead of the 11th season of the IPL, which will be held from April 7 to May 27, 578 cricketers will go under the hammer in the two-day player auction in Bengaluru.
Chhattisgarh Chief Minister Raman Singh seeks early green nod for irrigation, power projects
The chief minister sought opening of a regional office of the Environment and Climate Change Department at Raipur.
Karnataka’s common man makes a Arvind Kejriwal connect
"Given support AAP is getting in Karnataka, we've decided to revisit our decision to contest a handful of seats," Prithvi Reddy, AAP's national executive member says.
MFs garner over Rs 1 lakh cr from investors in Apr-Dec 2012
Strong FII inflows has pushed up the BSE's benchmark Sensex by over 2,000 points or 11.62 per cent in the first nine months of the current fiscal.
Companies looking to tap IPO market on reform push: Experts
Companies are warming up to the idea of raising funds through IPO and a number of companies have firmed up their plans to hit the market.
Mutual funds mobilise over Rs 1.5 trillion from investors in 2012-13
A revival in the stock market and various reform measures being undertaken by the govt and Sebi may help the mutual fund industry mobilise further funds.
Government, Sebi reforms to revive IPO market: Experts
An uptrend in the stock market and various reform measures being undertaken by the government and regulator Sebi may help revive the IPO.
Reliance Industries Ltd buys back shares worth Rs 2,512 crore
Reliance Industries has repurchased shares worth Rs 2,512 crore from its public shareholders making it the country's biggest share buyback programme.
RIL buys back shares of Rs 1,929 cr since February
Reliance Industries (RIL) today said it has bought back stocks worth Rs 1,929 crore since the launch of share repurchase programme in February.
MCX initial share sale biggest gainer on debut this year
Out of the five cos that entered the stock market in 2012, just two -- MCX and education services firm MT Educare -- managed to close with gains on the first day
RIL buyback gains pace; purchases shares worth Rs 1,481 crore
RIL's share buyback programme seems to have gathered pace with the company having acquired stocks worth Rs 1,481 crore.
RIL stocks down 2.32% on declining KG-D6 gas field output
Shares of Reliance Industries today dipped by 2.32 per cent on the bourses on investors' concerns regarding declining output from its eastern offshore KG-D6 gas fields.
ONGC share sale: High floor price may have dashed FII interest, says experts
Market analysts believed the auction of ONGC got weak participation from institutional investors due to the over- pricing issue.
ONGC issue may be over subscribed; may fetch over Rs 12,500 cr
Expecting a rally in the share prices of ONGC, market experts hope that in a month's time it would be trading around Rs 320 apiece.
Infosys Q3 profit beats forecast to rise 33%, company cuts FY12 revenue guidance
Infosys forecast dollar revenue growth of 16.4% for the fiscal year to March 31, down from 17.1% to 19.1% projected in October.
Market is range-bound currently: Vivek Negi, Wellindia Group
The lower side of the market was 4700 and the upper side was around 5200, says Vivek Negi
Buy HCL: Vivek Negi
HCL can be bought over 440 levels says Vivek Negi
Buy HCL Info: Vivek Negi
HCL can also be bought for the next week and you can also see higher levels in the stock, says Vivek Negi
Buy Moser Baer: Vivek Negi
You can buy Moser Baer stock with a stop loss of around Rs.20, says Vivek Negi
Buy Dish TV around Rs 78: Vivek Negi
There is a good breakout in Dish TV, says Vivek Negi
Coal India defies weak mkt trend; adds Rs 2,368 cr to its m-cap
Defying the broader market down trend, Coal India Ltd (CIL) today recovered from morning losses and closed with gains of over 1 per cent, adding Rs 2,368 crore to its market capitalisation.
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