
Monday, December 28, 1998
SEBI biased towards Mallya in Herbertsons battle: Chhabria
The Kishore Chhabria group has accused the Securities & Exchange Board of India (SEBI) of "a definite bias" towards "protecting" the management control of Vijay Mallya over Herbertsons Ltd "at all costs".
Huge accumulated losses wipe out Peerless General Finance net worth
Peerless General Finance & Investment Co Ltd's net worth has been wiped out, with the accumulated losses ballooning to Rs 48.32 crore on an equity of Rs 33 crore.
SWIL Gujarat project cost up on forex swings
SWIL Ltd faces a massive cost increase of Rs 44.5 crore on its copper smelter project coming up in Bharuch district of Gujarat, caused by higher pre-operative interest charges and foreign exchange fluctuations.
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