SNAPS - Ispat promoters pledge entire stake with lenders
Ispat promoters pledge entire stake with lenders
In a second attempt to secure debt restructuring Ispat Industries Ltd’s promoters Pramod and Vinod Mittal have pledged their entire 41% stake in the company with lenders in an attempt to get rid of huge debt of about Rs80 billion, reports the Economic Times. Pramod and Vinod Mittal are brothers of the world-famous steel magnate LN...
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Taxtortion The Nightmare Continues

Once I decided to get into social service and floated a charitable trust. Nobody had forced me to do it; it was something I wanted to do. I soon realised that I could not handle the workload alone and started thinking about how to get help. Then I had a brilliant idea! I
approached several retired people and wives of a few friends and coaxed them to help me as volunteers. Then I set about...

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Will It Last?

Grasim has interests in viscose staple fibre, cement, chemicals, textiles and sponge iron. The main source of profits is cement. Cement companies are enjoying strong demand and have even raised prices recently. In March 2009, the price of cement went up by about Rs10 per 50kg bag. Simultaneously, there has been a sharp correction in coal prices from $193 last year to $62 now. This benefit was...

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