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HDFC April-June profit up 15% at Rs 1,345 crore

Written By kom nampultig on Selasa, 22 Juli 2014 | 22.23

MUMBAI: The country's largest housing finance company HDFC has reported a net profit of Rs 1,345 crore for the quarter ended June 2014 - an increase of 15% over the previous year after providing a Rs 74.44-crore deferred tax liability on special reserves.

Barring the deferred tax liability provision, the net profit was higher by 21% and largely in line with market expectations.

Vice-chairman and CEO Keki Mistry said that the institution was seeing an improvement in sentiment from borrowers.


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Two MSRTC buses collide, 24 injured

KALYAN: Around 24 people got injured when two buses of MSRTC collided with each other near Malsej ghat on Tuesday morning.

According to the police all injured were suffered minor injuries and were rushed to the Tokwade primary health center where from after first aid treatment they got discharge.

However police said that the incident could be fatal if both drivers had not applied emergency brake on time and control over their bus's speed. The Tokawade police said that incident happened at around 9.15 am near Sisevari village situated near Malsej ghat.

The officials claimed that a bus from Panvel was on his way towards Ahemednagar while another bus was going from Narayan Gaon towards Washi. When duo bus reached near Shishevari were in full speed and could not control and collided with each other.

However the officials claimed that while collided both bus drivers applied emergency break and control speed otherwise the accident could be fatal. "The injured were admitted to the Tokawade gramin hospital where from all were later discharged giving first aid treatment" said, Mahendra Shinde, In-charge of Tokawade, police station.


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HDFC Bank's Q1 net grows slowest in 10 years

MUMBAI: HDFC Bank on Monday reported a net profit of Rs 2,233 crore for the quarter ended June 2014, which is 21% higher than the net profit of Rs 1,844 crore in the corresponding quarter last year.

Although the growth in net profit is higher than industry average growth, it is the slowest growth recorded by the bank in a decade.

"The increase in profitability has come from the net interest income side. The balance sheet has grown and that has been the larger contributor to profitability apart from tight leash on expenses," said Paresh Sukthankar, deputy MD, HDFC Bank.

Following the results, the bank's shares were down 0.53% at Rs 828 on Monday.

Indicating that the bank was planning for a higher growth rate, Sukthankar said that the bank plans to raise Rs 10,000 crore of equity.

He added that the timing and nature of the capital-raising would depend on the outcome of the bank's application to the Foreign Investment Promotion Board allowing higher investment for foreign shareholders.


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Man held for assaulting, looting restauranteur couple

MUMBAI: A 26-year-old man was arrested recently by the Kandivali police after he, along with an aide, assaulted a couple as an attempt to break into their house went awry.

The accused has been identified as Jairam Kevat. His aide, Sunny Jaiswal, 20, was caught red-handed on the day of the incident itself. The duo are habitual offenders, police officials said.

The complainant, Dinesh Jaiswal and his wife, run a restaurant at Hindustan Naka in Kandivali West. They reside at Laljipada, also in Kandivali. Early on July 5, the accused-duo broke into the restaurenteur's residence. They were looking for valuables when Dinesh and his wife returned home from work. "The accused panicked and picked up a hammer from the house. They assaulted Dinesh and his wife who resisted. The couple raised an alarm, alerting neighbours," said a police official.

While Kevat managed to flee, Sunny was caught and handed over to the cops. Kevat had managed to steal some cash and 8 to 10 gms of gold. He was nabbed on July 15, officials said.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Kandivali police,Couple assaulted


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Ness Wadia threw burning cigarettes at my face, Priety Zinta tells police

MUMBAI: Bollywood actor Preity Zinta, who has accused industrialist Ness Wadia of molestation, has said her former boyfriend had thrown burning cigarettes at her and locked her up in a room even before the May 30 incident at Wankhede Stadium after which she filed a police complaint.

"Ness's behaviour towards me is getting more and more aggressive and violent over a period of time. From throwing burning cigarettes at my face to locking me up in rooms and manhandling me, I have seen it all with him," she said in a letter to Mumbai Police commissioner Rakesh Maria.

She had submitted a letter to Maria on June 30 when she met him to seek permission to go abroad.

"I (Zinta) just want him (Wadia) to be kept away from me so I can live in peace, otherwise one unfortunate day, in a fit of rage, he will kill me and that really scares me," she said in the letter, according to a police officer privy to the probe.

"I had no intention to harm him (Wadia) in anyway by lodging a police complaint, but I had no option left but to come to the police department for my safety. I am genuinely paranoid that he will try to harm me directly or indirectly in the future," she said.


A file photo of Priety Zinta and Ness Wadia.

In her complaint to the police on June 12, Zinta had accused wadia of molesting, abusing and threatening her during an IPL match between Kings XI Punjab and Chennai Super Kings on May 30 at Wankhede Stadium. The two are co-owners of IPL team Kings XI Punjab.

Wadia had dismissed the charge as "false". No Wadia group representative was available for comments on fresh allegations made by Zinta against the industrialist in her letter to the police.


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MSRTC buses collide, 24 injured

KALYAN: Around 24 people got injured when two buses of MSRTC collided with each other near Malsej ghat on Tuesday morning.

According to the police all injured were suffered minor injuries and were rushed to the Tokwade primary health center where from after first aid treatment they got discharge.

However police said that the incident could be fatal if both drivers had not applied emergency brake on time and control over their bus's speed. The Tokawade police said that incident happened at around 9.15 am near Sisevari village situated near Malsej ghat.

The officials claimed that a bus from Panvel was on his way towards Ahemednagar while another bus was going from Narayan Gaon towards Washi. When duo bus reached near Shishevari were in full speed and could not control and collided with each other.

However the officials claimed that while collided both bus drivers applied emergency break and control speed otherwise the accident could be fatal. "The injured were admitted to the Tokawade gramin hospital where from all were later discharged giving first aid treatment" said, Mahendra Shinde, In-charge of Tokawade, police station.


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Sonakshi Sinha poses with ​Nicholai Sachdev during an exhibition in Mumbai

Written By kom nampultig on Senin, 21 Juli 2014 | 22.23

 Sonakshi Sinha poses with ​Nicholai Sachdev

Nicholai Sachdev (owner, Gallery 7) and actress Sonakshi Sinha pose with a painting by eminent artist Prafulla Dahanukar, which is a part of the Prafulla Dahanukar A Retrospective exhibition and the Prafulla Dahanukar Art Foundation Exhibition. The exhibition starts at the Jehangir Art Gallery from tomorrow and concludes on August 3. Chhaya Momaya was instrumental in involving Sonakshi, who herself is an artist.

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Blade attack on student inside school premises

MUMBAI: A class X student of a school in Malad was allegedly attacked with a sharp object by his schoolmate on Monday morning.

The boy, a student of Fatima Devi English High School, was attacked when he was on his way to the school ground during the recess. He suffered injuries on the right side of his neck.

"Two groups were fighting in the school on Friday when my son intervened and asked them to stop. That is when the boys threatened him to stay out of this. Suddenly on Monday, when the boys were heading to eat their snacks, one of the boys pushed him and attacked him with a blade on his neck," said the injured boy's father.

The boy was rushed to a near-by hospital by the teachers. "A few students brought him to the staff room and he was bleeding so we rushed him to the hospital where his wound was stitched up," said a teacher.

"Had the cut been a little longer, it would have been fatal," said the father. He is now recuperating in the hospital.

The Dinoshi police has detained three students from the school and are in the process of registering a case.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Fatima Devi English High School


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We found many alterations in Andheri building: Fire department

MUMBAI: The occupation certification (OC) of Lotus Business Park will be cancelled on Monday and entry to it barred until all fire safety norms are complied with, the fire department said on Sunday.

"We crosschecked the approved floor-wise plan of the building and its existing status. We noticed many additions and alterations," said deputy fire officer S H Nesrikar. "We have instructed the ward office to immediately cancel the building's OC. It will not be restored unless the building follows the fire safety rules."

The 22-storey structure, whose top floors were gutted on Friday, was inspected on Sunday by officials from the fire department and BMC's building proposals department besides others. A few structural tests were also conducted during the visit. The cause of the fire is still unknown.

"We have not received a report from the fire department. But once we get it, we will take action as per the directives. Till the fire safety norms are adhered to, offices in the building will not be allowed to operate out of it," said Vishwas Shankarwar, assistant municipal commissioner (K-West ward).

Meanwhile, only four of the 19 firemen injured in the Friday blaze continue to be hospitalized. Cooper Hospital's medical superintendent Dr S S Gawde said 15 of the firemen did not have any serious injuries and were thus discharged. Four were shifted to the Airoli-based National Burns Centre (NBC) on Friday.

While all four are stable, one of them may need prolonged hospitalization. "He has facial burns and his ears got affected. Another had inhalation injuries, so we may observe him for a while. All of them have 5-8% burn wounds on hands, which is not very serious," said NBC director Dr Sunil Keswani. Two of them will be discharged early next week.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Vishwas Shankarwar,S H Nesrikar,Lotus Business Park,fire department,Blaze


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HC disposes PIL against railway fare hike

MUMBAI: The Bombay high court on Monday disposed off a PIL against the railway fare hike after the Railways informed it that the hike was restricted only to 14.2 per cent for first class passengers. The counsel for the Railways also said that those commuters who had already purchased a pass for the entire year under the old rates in advance would not be charged the difference now.

The HC had in June refused to stay the railway fare hike observing that it was a policy matter and hence there was no question of granting any interim relief.

The HC had then said, "It is not disputed that for revising rates railways do not need approval of parliament. The railways rely on a ruling of 1974 of speaker of the parliament which says no approval of parliament is required for a fare hike."

Suresh Kumar counsel for the railway ministry said there was nothing to be argued in the matter now and hence it should end here since the hike was only by 14.2 per cent.

The HC was hearing a PIL filed by consumer group Mumbai Grahak Panchayat through its chairperson Shirish Deshpande to challenge the "exorbitant" hike said, "This is a policy decision where is the question of granting interim relief ?
advocate Uday Warunjikar lawyer for MGP had argued that the government had no justification to raise the fare.

In another PIL Ketan Tirodkar former journalist also challenged the hike but had not sought a stay.

Warunjikar said, "There are 75 lakh commuters daily in Mumbai. What's the urgency to bring out the hike at a short notice, when the parliament will be in session soon?" He had said "The revised rates are so shocking. It is a 186 percent hike and reflects adhoc behaviour."

The challenge in the PIL was to the notification issued on June 21 on fare hike to be effective from June 25.

The MGP advocate did not dispute there is power under railways act to fix dare hike by general or special order. His objection is to the exorbitant hike of over 180 percent. "The budget session is around the corner and fixation of fare hike date is arbitrary. And he prays for stay in season fares for Mumbai suburban commuters" the judges had observed while hearing the matter earlier.

The judge however had said said, "Railways Act of 1989 allows fare hike. There is a power also to fix the revised date. The MGP counsel says he is unable to point out any illegality as regards to fixation of date and given the magnitude of the hike such a short date need bit have been fixed."

http://timesofindia.indiatimes.com/followceleb.cms?alias=railway fare hike,PIL,Bombay high court


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