It may take at least 48 hours
to restore power in some of the areas, says Chairman and Managing Director of Andhra Pradesh Eastern Power
Distribution Company Limited M.V. Seshagiri Babu.
The
Securities and Exchange Board of India (SEBI) imposed a ban on realty major DLF
and its top executives from accessing the capital markets for three years, for
suppressing information in its initial public offering (IPO) prospectus and
for sham transactions.
The State government has issued a special GO enhancing ex gratia
for loss of life and compensation for property/crop damage caused by cyclone Hudhud. Announcing this at a
press conference here, Chief Minister N.
Chandrababu Naidu said on Monday that the ex gratia for families of
deceased persons had been increased from Rs.1.50 lakh to Rs.5 lakh. Grievous
injury requiring hospitalisation for more than a week will be given Rs. 0,000.
People in distress will be given Rs.1300 for loss of clothing, Rs.1400 for
utensils/households and Rs. 2,000 per family.
French economist Jean Tirole
on Monday won the Nobel prize for
economics for research on market power and regulation that has helped
policy-makers understand how to deal with industries dominated by a few
dominant companies.
Tata Value Homes (TVH), a
fully-owned subsidiary of Tata Housing Development Company, plans to launch
three new ‘Value Home’ projects in the Mumbai metropolitan area, the Delhi NCR
region and Kolkata. These projects, to be launched this financial year, will
develop 12,000 flats, and these will be ready in phases over a 7-8 year horizon.
(Tata Housing Development Company
Managing Director and CEO Brotin Banerjee)
IndusInd Bank on Monday
reported a 30.27 per cent rise in its net profit at Rs.430.20 crore for the
second quarter of the current fiscal. (IndusInd Bank Managing Director Ramesh Sobti )
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