Yields on 10-year benchmark government securities have been rising after the announcement of rise in wholesale price index (WPI) to 5.79% in July, up from 4.86% in June. The rise in bond yields was also due to the rise in the US Treasury yields, which added to bearish sentiments. Since RBI is left with limited policy options due to currency risks, growth in FY '14 may slip downwards, if the same trend continues.
Although growth is slowing, it has no debt and offers low valuation
As a small company...
Members of Srushti Co-operative Housing Society complained to Thane District Consumers’ Redressal Forum saying that they had purchased flats from the promoters, Shah Associates Pvt Ltd, controlled by Ramesh Velji Shah, Mansukh Velji Shah and Sangeeta Deepak Jain. The promoters had not handed over documents like the occupancy certificate, payment proof of conversion to non-agricultural land, transfer documents and payment of deposits for electricity meters. The Forum imposed a fine of Rs1,000 per day of delay in complying with its order of providing the complainants with the requisite documents of the transactions. It ordered that the respondents should pay a sum of Rs50,000 to the complainants towards compensation and legal expenses within the next three months, failing which they will be get interest at 12% until the amount is paid.