HCC in the red on interest burden, project delays
In July-Sept, the Mumbai-based company's interest payment rose to Rs 107 crore from Rs 67 crore a year earlier. With a total debt of Rs 4,170 crore as of the end of September, its debt-equity ratio...
View ArticleLavasa initiated at the behest of Maha govt: Gulabchand
Faced with the imminent criminal proceedings by the Maharashtra government, Ajit Gulabchand, Chairman Lavasa Corp, said that his company was being discriminated against by the Ministry of Environment...
View ArticleMaharashtra takes ‘credible action’ against Lavasa, puts ball in MoEF court
The Maharashtra government today, through the Maharashtra Pollution Control Board (MPCB), filed a criminal complaint against 15 persons who were part of the contentious hill city project, Lavasa. The...
View ArticleEnvironment ministry gives conditional clearance to Lavasa
Lavasa, the massive township being built over 25,000 acres by Ajit Gulabchand-led HCC, had in February applied for fresh environment clearance of phase-I spread over 2,000 hectares in Mulshi...
View ArticleNo political influence behind Lavasa order: Chavan
Hours after, the Environment Ministry gave a conditional nod to the controversial Lavasa hill city project, Maharashtra Chief Minister Prithvi Raj Chavan, denied acting under political pressure. The...
View ArticleAre PPPs the solution to Mumbai’s traffic and slum problems?
A high profile panel discussed the problems of slums and traffic currently plaguing Mumbai, and attempted to suggest workable solutions at the WEF India Economic Summit. The post Are PPPs the solution...
View ArticleShouldn’t Pawar keep away from Lavasa talks?
Probity in public life would demand that Pawar stay away from the Lavasa project. He ought to let the project find its own way through legal and bureaucratic hurdles. The post Shouldn’t Pawar keep away...
View ArticleLavasa: CAG indictment brings shame to Sharad Pawar
Project was driven more by private interest than public interest, the report says. The post Lavasa: CAG indictment brings shame to Sharad Pawar appeared first on Firstpost.
View ArticleMaking hay while making losses: HCC chairman’s fat pay questioned
CEO packages are in focus once again. With awareness about the issue, resistance to executives getting fat pay checks even if their companies do not perform well, or worse still even make losses, is...
View ArticleMaharashtra polls: Leading lights of corporate India cast their vote
Godrej Group chairman Adi Godrej was more vocal in rooting for the BJP, saying a saffron party victory bodes well for the state. The post Maharashtra polls: Leading lights of corporate India cast their...
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