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Haryana Finance Corporation told to refund money
The Supreme Court (SC) last week asked the Haryana Financial Corporation to refund the amount received from a buyer of a defaulting unit as it had not disclosed certain vital facts to the buyer. The corporation had forfeited the amount when the buyer withdrew from the contract of sale. The SC stated in the case, Haryana Financial Corporation vs Rajesh Gupta, that a “mere perusal of the provisions of the Transfer of Property Act will show that it was incumbent upon the corporation to disclose to the buyer about the non-existence of an independent passage to the unit. It was also the duty of the corporation to inform the buyer that the passage mentioned in the revenue record was not fit for movement of vehicles. The corporation also failed to show the buyer the entire documentation as required by law.”

CBI to probe drug imports from China
Unregistered sources of consignment raise quality questions.

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NABARD to support projects worth Rs 794 cr in TN
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 793.85 crore to implement various projects in Tamil Nadu.
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Sensex ends up 153pts

After an initial slide, the Sensex turned volatile on the back of mixed cues from the Asian markets. The index gained strength and touched a high of 16,910 - up 243 points from the day"s low of 16,667. - Ranbaxy pares early gains, ends flat - Sensex ends up 148pts - Asian markets end flat - Sensex firm; IT, metal stocks lead - Sensex at day"s high - Sensex opens flat The Sensex finally ended with a gain of 153 points (1%) at 16,849. Asian markets ended flat with the Nikkei slipping 34 points. US markets had also edged lower on energy shares. The Centre for Monitoring Indian Economies" (CMIE) upgraded view of India"s GDP (from 6% to 6.2%) helped the NSE Nifty to cross the 5,000 mark again. However, the index slipped from the day"s high to end at 4,999 - up 46 points. The BSE market breadth turned neutral towards the end. Out of 2,827 stocks traded 1,378 advanced while 1,349 declined. All indices ened in the green, barring realty and consumer durables. The BSE metal, IT and auto indices were up 1.5% each. The oil & gas index added 1% in trades today. INDEX MOVERS... Hero Honda was the best performer and surged 4% to Rs 1,579. Maruti Suzuki also pushed up 4% to Rs 1,480. IT stocks were the biggest contributors with Infosys gaining 1.5% to Rs 2,359 and TCS moving up 2.5% at Rs 670. Wipro also edged up 1.2% to Rs 633. ONGC added 3% to Rs 1,184 on hopes of a rise in gas prices by the government. Index heavy-weight, ICICI Bank advanced 1.6% to Rs 909. Other gainers in the market today included Tata Steel, Hindustan Unilever, Hindalco, Reliance Infastructure and Grasim. ...AND THE SHAKERS Jaiprakash Associates was the big loser in the benchmark today. The stock slid 2% to Rs 232. VALUE & VOLUME TOPPERS... Mahindra Satyam topped the value chart with a turnover of Rs 521.03 crore on the BSE. It was followed by Reliance (Rs 149.12 crore), DLF (Rs 144.20 crore), JSW Steel (Rs 122.24 crore) and SBI (Rs 119.86 crore). Mahindra Satyam also leads the volume chart with trades of 46.50 million shares. It is followed by Cals Refineries (16.10 million), Wire & Wireless India (15.50 million), Suzlon Energy (12.76 million) and Unitech (9.19 million) shares on the BSE.


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