Dear pitquote, many boarders are still confused even in an oft-repeated words in the board, that they write script for scrip. ...

Dear Harishkrsharma, I agree they get income from selling \\`family silver\\` and \\`one-time\\` gain. But, what about their income from core business? Has it improved subtantially? ...

In 28th July 2008 meeting, approval of shareholders for pledging securities to the banks against loans from SBI/Canara Bank was obtained. If so, where the company proposes to deploy the proceeds of Rs.715 crore from sale of Roca JV? Or, they intend fritter the sale proceeds as huge dividend /bonus to shareholders?...

In an editorial in the forthcoming issue of People's Democracy, CPI(M) pointed out that a similar decision in 2005 to rescind the order of transferring forest land to Amarnath Shrine Board did not create any controversy. HENCE, the CPI (M)has concluded that the present controversy has been the creation of Sangh Parivar since the earlier decision of 2005 did not create any trouble. What a logic!

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SC bench abandons hearing on PF scandal
New Delhi (PTI):
In an abrupt move, a Supreme Court bench on Thursday abandoned hearing on the controversial Uttar Pradesh Provident Fund (PF) scandal allegedly involving some judges.

A three judge bench comprising Justices B N Aggrawal, V S Sirpurkar and G S Singhvi abandoned the hearing following contemptuous remarks made by former Union Minister Shanti Bhushan and his son Prashant Bhushan.

Justice Aggrawal, who wrote the order, observed that he was recusing.

The other two judges, however, did not concur or differ and hence the matter has been left to the Chief Justice of India for his decision.

The unprecedented drama was marred by an acrimonious exchange of words between Justice Aggrawal and Shanti Bhushan culminating in the denouement.



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Company not yet disclosed the utilization plan of the sale proceeds. Ofcourse they are not going to pass on to the investors. no Company is going to be so kind to their investors. There can be some expansion plans....

chchch,although I am not versatile in english language,yet i would say WELL DONE good attempt for correcting on the other hand the purposeis achieve in communication n forget editing...

A judgement too harsh.The family silver was rotting,and the clean up act reflects the intent,which is remarkable coming from a Govt owned company.If the returns are to be invested,money being in circulation, the same 2000 Cr per annum even at a very nominal 10% net ROI would mean 200 Cr income in Yr 1;400 Cr income in year 2;600 Cr income in yr 3;and so on.Guess the EPS should be attractive enough in coming times.Well,Generating liquid cash from sleeping assets for revving up business is not a bad idea nor it is happening the first time.Let us hope the Sept results would lift the stock to a higher plane.Cheers. ...

Gradually they have been investing for sure in thier core business and they are going above allocation as per thier targets each year. IFCI is trying all options nowadays and has been going thru recovery of NPAs sale. More than 12000 crore has to be recovered by IFCI in the coming years and they have targeted 2000 crore of recovery each year. secondly stake sale too is another option anf if that goes thru IFCI would get 5000 crore in hand to invest. Now you can imagine what will be the returns in the coming years. harish sharma ...

ghulam nabi pointer to saudi funds as fuel to the fire on land,what was he doing ,counting grass.when in power....

Dont go these silly points. PNB is again bidding for IFCI, by Oct 08 some sort of tie-up may happen....