#nbcc share review

[investyadnya]

NBCC Stock price is Falling; Why?

NBCC Stock price is Falling; Why?

National Building Construction Company Stock Overview Feb 2019

National Building Construction Company (NBCC) (India) Limitedis a blue-chip Government of India Navratna enterprise and a Central Public Sector undertaking which trades publicly in the market. The company’s present areas of operations are categorised into 3 main segments, i.e. Project Management Consultancy, Real Estate Development…

[yes-hindinews]

Delhi: Third Ring Road, ‘cycle walk’, BJP office space cleared by DDA

DDA has planned a committed corridor track for cyclists and pedestrians called 'The Delhi Cycle walk' undertaking.   Hindi News  alternate of land use at DDU Marg in which a Delhi BJP office has to come back up; allocation of funds for several initiatives like improvement of Nehru region, Bhikaji Cama location; a ‘cycle walk’ challenge; and a 3rd Ring street had been amongst decisions taken by means of the Delhi improvement Authority on Wednesday.

0.33 Ring street

A provision of Rs one hundred crore has been made in the budget for the task, additionally called UER-II, referred to as third Ring avenue, on the way to join 4 countrywide highways (NH-1, 10, 8 and a pair of) and offer seamless access among north, northwest Delhi and IGI airport and Gurgaon. DDA vice-chairperson Anurag Jain stated it's been decided to finish the city Extension road-II (UER) project on the earliest. “it's going to substantially decorate the connectivity of the sub towns of Dwarka, Rohini, Narela and the proposed land pooling regions with the rest of Delhi and neighbouring states.. it will make contributions extensively towards easing heavy visitors congestion on Delhi roads and improving air pleasant,” he said.

Delhi Cycle walk DDA has planned a dedicated corridor track for cyclists and pedestrians called ‘The Delhi Cycle stroll’ challenge. “paintings on section 1 of the cycle stroll with a dedicated hall for cyclists and pedestrians named Nilgai line from Badarpur to Malviya Nagar has been initiated,” stated a DDA official. The DDA in its price range for 2021-2022 has made a provision of Rs 28 crore for the assignment. In section-1, 36 km of cycle and taking walks tracks might be advanced in South Delhi protecting areas along with Tughlaqabad, Sangam Vihar, Saket, greater Kailash and Sant Nagar. Cyber hubs DDA had identified three business centers — Nehru vicinity, Bhikaji Cama location and Basant Lok community center — for upgradation. “The paintings at Basant Lok has already been finished. For Nehru place and Bhikaji Cama region a provision of Rs 46 crore has been made,” said a senior DDA reputable. Bharat Vandana park work to develop an iconic Bharat Vandana Park in Dwarka sub-metropolis has already commenced. The undertaking is spread over a place of 80 hectares and is being carried out by way of NBCC for which a provision of Rs 280 crores has been made. Delhi BJP workplace The DDA also modified the land use at DDU Marg wherein a Delhi BJP workplace has to come back up. DDA member and BJP chief Vijender Gupta stated that every countrywide birthday celebration has to receive workplace on the road where Congress already has one, so the land use was modified. earlier, the problem had run into controversy whilst AAP had alleged that DDA exceeded over an 809 square plot on Deen Dayal Upadhyay Marg land, reserved for a nursery school, to the Delhi BJP to build its workplace. After taking note of objections obtained and addressing issues, the land use has been changed from nursery to public and semi-public, and it'll now be sent to the authorities of India for notification, said DDA V-C Anurag Jain. own family of farmer who died throughout tractor rally processes Delhi HC for take a seat probe citing media reviews and eyewitness accounts, the own family stated it’s enough motive not to just accept the “self serving conclusion of the Delhi Police”. The case may be taken up for hearing on Thursday. THE own family of a 25-yr-antique farmer, who died during the tractor rally on January 26, has approached the Delhi high court seeking a time-certain and court-monitored probe through a unique investigation team into his dying. citing media reviews and eyewitness bills, the family said it’s enough cause not to simply accept the “self serving conclusion of the Delhi Police”. The case might be taken up for hearing on Thursday. in step with Delhi Police, Navreet Singh died in an coincidence at ITO whilst his tractor rammed barricades and overturned, and not because of any firing. in the petition filed via advocates Vrinda Grover and Soutik Banerjee, 69-year-vintage Hardeep Singh cited media reports to allege that Navreet, his grandson, became shot by using policemen due to which he lost control of the tractor, which then collided with barricades and overturned. Hardeep, in the petition, said Navreet changed into lying in a severely injured situation below the overturned tractor however no attempts had been made with the aid of the Delhi Police to offer instantaneous medical intervention. “No efforts had been made through the Delhi Police to cordon off the web site…and to collect time sensitive material proof from the site, which turned into allowed to be erased and destroyed,” the petition alleges, including the police alternatively fired teargas to prevent different protesters from accomplishing the spot. The petition also states that the incident become captured on multiple CCTV cameras such as those hooked up by using Andhra training Society near ITO and alleges that Delhi Police stated “technical difficulties” to save you the viewing of the photos. It also alleges that 20 policemen had eliminated the DVR from Andhra education Society’s CCTV garage and brought it into custody without disclosing their identification. “On 26.01.2021 itself, with none inquest lawsuits below section 174 CrPC or even earlier than a 6b74cf6091d9a6c48475971cd6ba0acd became carried out, the Delhi Police declared that Navreet Singh died because of an accident… to strengthen their declare, a video became additionally launched by way of Delhi Police of the tractor overturning, which in no manner is enough to rule out that Navreet Singh was shot…, as stated through eyewitnesses,” the plea reads. The 6b74cf6091d9a6c48475971cd6ba0acd turned into accomplished at District clinic Rampur in UP on January 27. It was photographed but the identical changed into not shared together with his family, the petition alleges. Even X-Ray reviews have been no longer supplied to the petitioner’s circle of relatives, Hardeep has stated in the petition.   Hindi News

[wknc881]

#BlackoutBestsellerList

  As I said before, it is important to support black creators and let their voices be heard. Supporting black artists is something we should always do, and I love this idea of celebrating Juneteenth by blacking out the best seller lists. I have provided some links below to the Amistad Books tweet and other articles that provide resources to find books by black authors, so if you want more information be sure to check below. I’m going to highlight the books I decided to purchase, but I highly encourage you to check out more resources and choose some books that appeal to you!

  The Vanishing Half by Brit Bennett - This is the New York Times best selling authors second Novel. Brit Bennett’s first book is also a finalist for the NBCC John Leonard Prize for the best first book. The basis of her newest novel tells the story of two twin sisters who grew up in a small, southern, black community who ran away from home at age sixteen and lived very different lives after the fact. One sister lives with her black daughter in the town she tried to leave, while the other lives among her white family, that knows nothing of her past. The story is not just one that speaks on issues of race, but focuses on how a person’s past can shape their future and the choices they make, and why a person may be interested in living in a way that is not of their origins.

  Deacon King Kong by James McBride - Award winning and Best-selling author James McBride brings forth a thrilling story about what happens to a group of eye witnesses of a shooting. The reason for this shooting and its effects make up the basis of the novel as we follow the lives of those who witnessed it and how it changed them. Through this journey we find out that these characters’ lives overlap more than we may have expected and the author teaches us that not all secrets are meant to be hidden. He also teaches us that in order to grow we must face the reality of change without fearing it.

  To Live Woke by Rupert W. Nacoste, Ph. D. - Dr. Rupert Nacoste, the Social Psychologist who created the term ‘Neo-diversity’ and teaches the one-of-a-kind ‘Psychology of Interdependence and Race’ course at NC State University, brings us his fourth novel. In this novel, much like his teachings, he shares stories of his past experiences, having grown up in the Jim Crow legally segregated south and serving in Navy during a time that involved Race Riots, to give the reader some real life understanding and make the call to action for all people to truly embrace neo-diversity. Dr. Nacoste says ‘We can save the soul of America.’ and he uses this book as a way to really show us how we can contribute to this effort and actually understand what it means to ‘live woke’.

I haven’t read these books just yet, but I will be reviewing them on my podcast in a couple weeks after they arrive (so pick up your copies if you want to read along with me!).

Durham Tech Library Blog

Amistad Books Tweet

More Book Resources: 

https://www.vogue.com/article/25-new-books-black-authors

https://people.com/books/blackout-bestseller-list-books-black-authors/

https://www.oprahmag.com/entertainment/books/g26187205/best-books-black-authors/

https://www.penguinrandomhouse.com/the-read-down/books-by-contemporary-black-authors

Until next time

Let’s Get Psyched about Reading,

DJ Psyched

[swedna]

The wait for the 25,000-odd homebuyers of the beleaguered Jaypee Group projects is set to become longer.

According to a BSE filing by Jaypee Infratech, the offer of the Suraksha Realty-led consortium, the only player left in the race to acquire Jaypee Infratech, has been rejected by the Committee of Creditors (CoC) after it was not able to get the 66 per cent votes required to get the go-ahead.

According to the filing, only 23.47 per cent of the votes were in favour of Suraksha while 41.85 per cent were against giving Jaypee Infratech projects to them. The rest abstained from voting. Almost none of the banks voted in favour of Suraksha’s plans, a closer look at the Jaypee filing shows.

“Since the members representing 23.47 per cent of the voting rights assented to the matter, the decision on the item stands rejected,” the papers on Voting Results for the Ninth Meeting of the Committee of Creditors (CoC) of Jaypee Infratech Ltd submitted in the BSE stated.

Voting on the issue started on April 30 for banks and financial institutions as well as homebuyers and fixed-deposit holders. The process ended on May 3.

According to sources close to the matter, in the worst-case scenario if the insolvency resolution professional (IRP) does not come up with any plan, Jaypee Infratech might head for liquidation. If that happens homebuyers are in the danger of not getting their apartments.

Jaypee Infra lenders reject Suraksha bid; NBCC top choice for homebuyers However, sources close to the CoC are certain that Jaypee Infratech projects will now head for a third round of bidding. This would allow not only state-run NBCC to participate in bidding but also give a chance to the promoters of Jaypee Group as well as Adani Group to throw their hat in the ring to grab the project, worth over Rs 8,000 crore.

The rejection of Suraksha’s bid has effectively removed all chances of starting work in 2019, according to the people close to the process.

“Last time it took almost nine months to come to the process of voting on a firm. Now again fresh bids will be called and this would stretch the process as new bidders are planning to join the race. This means until at least the end of this year, work on Jaypee sites might not start,” said Pankaj Gupta, who in 2010 gave the down payment in Jaypee Wish Town’s Kensington Park Apartment project.

NBCC the top choice of home-buyers

The homebuyers fear things are again going off the hinge in the way they did almost eight years ago.

NBCC, which has had extensive discussions with homebuyers, was their obvious choice.

However, it was not allowed to take part in the present round of bidding because it did not have the permission to do so.

Fears that NBCC might not bag the project are so high that homebuyers have written more than a thousand letters to the prime minister, finance minister and urban development minister.

“Knowing very well that there is overwhelming support from both banks and homebuyers to NBCC’s proposal, the IRP, Anuj Jain, did not put the NBCC proposal to vote on the grounds that it did not have the finance ministry’s permission. “But it is evident from the finance ministry note that NBCC had those permissions,” said Manish Goyal, a homebuyer, in his letter to the prime minister.

Others said the voting process was sabotaged. “Just before voting commenced, all the passwords of homebuyers were erased. The process was stopped and resumed after a nine-hour delay,” said Dharmendra Kumar, another homebuyer, in his letter to the PM.

Business Standard has reviewed the letters. However, the veracity of these allegations could not be independently ascertained.

Jaypee promoters trying to win back confidence

In emails as well as meetings with homebuyers, the Jaypee promoters are trying to win back customer confidence.

“The ongoing process for over 18 months has allowed work at snail’s pace but it is essential that the matter gets resolved, incomplete homes are completed and delivered in a time-bound manner, which alone can mitigate anguish and pain caused to you. I am aware of your unhappiness yet feel responsible to share the road map which we believe would surely address your concern and can be the path which shall pave the way for resolution of this subject despite certain reservations,” Manoj Gaur as executive chairman and chief executive officer of the beleaguered company said in an email to homebuyers.

[headlines-twentyfour]

A JPMorgan Chase & Co. unit violated India’s foreign investment rules and helped property developer Amrapali Group divert funds from realty projects, the nation’s Supreme Court said in a ruling and ordered an investigation.The court on Tuesday ordered the federal anti-money laundering agency to investigate Amrapali, based in Noida, near New Delhi, for diverting funds overseas with the help of JPMorgan and others. The violations, based on a forensic audit, range from disregarding foreign investment norms, paying dividend without generating profits, setting up fake companies and overvaluing shares.JPMorgan’s Singapore-based spokesman Chris Cockerill declined to comment. The biggest U.S. bank is allowed to seek a review of the ruling. Any criminal charges will only be filed in a lower court once investigation is complete.Developers, including Amrapali, Jaypee Infratech Ltd. and Unitech Ltd., have been taken to courts by irate homeowners and creditors as apartment sales slumped in the once red-hot South Asian market following the triple whammy of a surprise cash ban, tax reforms and a consumer-protection law for the sector. Home prices in India’s financial capital dropped and unsold inventory rose 14% in first half of 2019.Troubled SectorsJPMorgan invested around 850 million rupees ($12.3 million) in an Amrapali Group company’s shares and later sold them to an office boy and nephew of the auditor for 1.4 billion rupees, according to the ruling published on the top court’s website.“The shares were overvalued for making payment to JPMorgan,” the court’s two-judge bench headed by Justice Arun Mishra said in its ruling, agreeing with the forensic auditor regarding JPMorgan’s role. “It was adopted as a device for siphoning off the money of the home buyers to foreign countries.”The ruling can impact lenders’ efforts to recover dues as the court held that home buyers have the first right over the projects rather than banks that have lent funds to the builder.The court scrapped Amrapali’s registration under real estate laws and directed government-owned NBCC India Ltd. to complete all incomplete projects.The investigations will be done under the court’s supervision by police and the federal anti-money laundering agency.“We are not a country in which courts will permit such action and permit a person to go scot-free,” according to the ruling.The case is Writ Petition (Civil) No. 940/2017, Bikram Chatterji and others v. Union of India and others in Supreme Court of India.Untitled Carousel 70349790 from Economic Times https://ift.tt/32RwAdh

[ways2capitalreview-blog]

Ways2Capital Reviews : Top Stocks In Focus Today: Dr. Reddy’s, UltraTech, NBCC, HDFC Bank

Ways2Capital Reviews : Top Stocks In Focus Today: Dr. Reddy’s, UltraTech, NBCC, HDFC Bank

Shares of Dr. Reddy’s will be in focus after the US Court of Appeals has lifted temporary ban on Dr. Reddy’s generic Suboxone film. Tracking this, shares of Suboxone’s innovator, Indivior Plc dropped 45% in the London stock market.

Post the approval of resolution plan by NCLAT, the board of Binani Cement (BCL) has been re-constituted and BCL has become a wholly-owned subsidiary of the UltraTech…

[edc-creations-blog]

Circle of Sisters Book Club of Columbus

Circle of Sisters of Columbus Interview with Helen Gibson and Georgette Martin

Helen Gibson, Circle of Sisters Book Club is a straight country girl from Alabama who currently resides in Columbus Georgia. She is a lifelong reader who honestly cannot remember a time that she did not have a book in her hand. She’s told that even as a toddler she was reading magazines upside down!

BPM: Please tell us about your book club, store or blog!  Our Book Club started after many years of me and a fellow reader saying “We should start a Book Club in our church when we finish….”. There was always another program, another event, another ‘something’ that made us hold back starting the club. In 2009 when we both got our first Nooks we again talked about starting a book club, but held off. It wasn’t until 2016 that we finally realized there will always be SOMETHING going on so let’s just do it. We decided to have an interest meeting to see how many were interested but rather than invite only members of our church, we also invited other friends and coworkers. We were truly astonished about how many readers were members of our own congregation and had no idea we all shared a love of books. That was amazing for us! We now have 23 members to include 6 out-of-state members who join us via Skype or Whatapp.

BPM: Tell us about your members. How would you describe the personality of your group as a whole? Since we are located near a military base, our group is diverse: single, married, young, older. We are a lively bunch!

BPM: How do you make your book selections for the month? When do you select the books? The first few months of the club, it was difficult selecting books. No one wanted to actually nominate a book; we got a lot of “whatever the group decides…”. After talking it over, my co-president and I decided to just make the selections ourselves since everyone wasn’t participatory in nominating and voting. For 2017 we made book marks for the year’s selections with no problems. Every other month we read an AA book; we decided early on that we would not limit ourselves to a particular genre of books. This has worked well for us during our first year. We read one book a month for discussion, but if we read a particularly good book in between we make sure we tell the others to get it.

BPM: What are you reading now? How did you find out about this book? What books are on your reading schedule? Right now we are reading Destiny Lingers by Rolonda Watts. Georgette and I met Rolonda at the NBCC last year and purchased her book; from the buzz we have received so far everyone is enjoying it. A few other books that we will be reading this year are Glass Houses by Brian W. Smith, Private Sins by Brenda Barrett, and Small Great Things by Jodi Picoult. We just finished The Perfect Affair by Lutishia Lovely and whew! what a ride that was!!

BPM: Do you primarily purchase books online or in a bookstore? Do you prefer to read digital books? Early on we made it clear that it did not matter how you read the book. We just encouraged reading; that was our main goal. We do, however, stress the importance of supporting AA authors, buying their books instead of sharing their books, and leaving reviews for the books we enjoy. So far, the price of e-books has not been questioned and has not hindered our reading selections. Although most everyone in the group has an electronic reading device, I don’t think we will ever stop buying DTB. I visit our local B&N store at least once a week.

BPM: Do you host special events during the year or do you work for any charities? Do you get together as a group to socialize outside of your book club meetings? Since our club is still relatively new, we have not had the opportunity to host any special events or participate in any type of charity work. Hopefully, as we enter into our second year we will be able to help spread the joy of reading! We are also thinking of ways to annually celebrate our club of sisterhood reading so maybe an annual get-a-way is on the horizon for us. We’ll see.

BPM: Do you have any words of wisdom for other readers who are in or who might want to start a book club? If you want to start a book club…JUST DO IT….don’t wait for ‘whatever’ to happen or not happen. Just send out the invites and start your club. If only two people show up, meet and keep it moving. If you’re already in a book club, enjoy the experience and don’t stress about the rest.

  Circle of Sisters Book Club of Columbus Circle of Sisters Book Club of Columbus Circle of Sisters of Columbus Interview with Helen Gibson and Georgette Martin…

[kerryrubenstein-blog]

Moonglow: A Novel

Michael Chabon

NEW YORK TIMES BESTSELLER

Winner of the Sophie Brody Medal • *****An NBCC Finalist for 2016 Award for Fiction • *****ALA Carnegie Medal Finalist for Excellence in Fiction • ******Wall Street Journal*****’s**** Best Novel of the Year • *****A New York Times Notable Book of the Year • *****A *Washington Post Best Book of the Year • *****An NPR Best Book of the Year • *****A Slate Best Book of the Year • *****A *Christian Science Monitor Top 15 Fiction Book of the Year • *****A *New York Magazine Best Book of the Year • *****A *San Francisco Chronicle Book of the Year • *****A *Buzzfeed Best Book of the Year • *****A *New York Post Best Book of the Year

iBooks Novel of the Year • *****An Amazon Editors' Top 20 Book of the Year • *****#1 Indie Next Pick • *****#1 Amazon Spotlight Pick • *****A New York Times Book Review Editors’ Choice • *****A *BookPage Top Fiction Pick of the Month* • *****An Indie Next Bestseller

"This book is beautiful.” *****—* A.O. Scott, New York Times Book Review, cover review

Following on the heels of his New York Times bestselling novel Telegraph Avenue, Pulitzer Prize-winning author Michael Chabon delivers another literary masterpiece: a novel of truth and lies, family legends, and existential adventure—and the forces that work to destroy us.

In 1989, fresh from the publication of his first novel, The Mysteries of Pittsburgh, Michael Chabon traveled to his mother’s home in Oakland, California, to visit his terminally ill grandfather. Tongue loosened by powerful painkillers, memory stirred by the imminence of death, Chabon’s grandfather shared recollections and told stories the younger man had never heard before, uncovering bits and pieces of a history long buried and forgotten. That dreamlike week of revelations forms the basis for the novel Moonglow, the latest feat of legerdemain from Pulitzer Prize-winning author Michael Chabon.

 *Moonglow *unfolds as the deathbed confession of a man the narrator refers to only as “my grandfather.” It is a tale of madness, of war and adventure, of sex and marriage and desire, of existential doubt and model rocketry, of the shining aspirations and demonic underpinnings of American technological accomplishment at midcentury, and, above all, of the destructive impact—and the creative power—of keeping secrets and telling lies. It is a portrait of the difficult but passionate love between the narrator’s grandfather and his grandmother, an enigmatic woman broken by her experience growing up in war-torn France. It is also a tour de force of speculative autobiography in which Chabon devises and reveals a secret history of his own imagination.

 From the Jewish slums of prewar South Philadelphia to the invasion of Germany, from a Florida retirement village to the penal utopia of New York’s Wallkill prison, from the heyday of the space program to the twilight of the “American Century,” the novel revisits an entire era through a single life and collapses a lifetime into a single week. A lie that tells the truth, a work of fictional nonfiction, an autobiography wrapped in a novel disguised as a memoir, *Moonglow *is Chabon at his most moving and inventive.

[swedna]

Shares of NBCC (India) climbed as much as 11 per cent on the BSE on Tuesday, a day after the company announced its March quarter results for the financial year 2019-20 (FY20).

At 09:58 am, the stock was trading around 7 per cent higher at Rs 26.95 on the BSE. In comparison, the S&P BSE Sensex was trading flat at 36,544.52 levels, up just 0.16 per cent.

For the quarter under review, the company's standalone net profit declined 68.24 per cent to Rs 48.52 crore as against Rs 152.75 crore in the year-ago period. Sales declined 33.29 per cent to Rs 1,569.57 crore as against Rs 2,353 crore in the corresponding quarter of the previous fiscal.

For the full year, net profit declined 79.21 per cent to Rs 79.87 crore in the year ended March 2020 as against Rs 384.11 crore in the previous year. Sales declined 27.47 per cent to Rs 5,179.72 crore.

On a consolidated basis, net profit slipped 41 per cent to Rs 83.77 crore while net sales stood at Rs 2,568.73 crore, down 16.8 per cent YoY.

Further, the Board of Directors has recommended a final dividend of nearly Rs 0.135, ie 13.5 per cent per paid-up equity share of Re 1 each for the financial year 2019-20.

The company noted that the spread of the Covid-19 pandemic has severally impacted businesses around the globe and it had temporarily suspended its operations when the government announced a nationwide lockdown on March 23. Due to this, the operations for the month of March were partially impacted, it said.

"The group's management has made an initial assessment of likely adverse impact on revenues and believes that the impact on revenues is likely to be short term in nature. The group continues to closely monitor any material changes arising out of future economic conditions and impact on its business. The management does not see any risk in the ability of the group to continue as a going concern and meeting its liabilities as and when due," it said in its press release.

[ways2capitalreview-blog]

Ways2Capital Reviews : Top Stocks In Focus Today: TCS, NBCC, Panacea Biotech, HCL Infosystems

Ways2Capital Reviews : Top Stocks In Focus Today: TCS, NBCC, Panacea Biotech, HCL Infosystems

TCS announced that its Board of Directors, at its meeting held on Friday, has approved a proposal to buy back up to 7,61,90,476 equity shares for an aggregate amount not exceeding Rs16,000cr.

NBCC has submitted a bid in response to Department of Investment and Public Asset Management’s invite for strategic disinvestment of HSCC and Engineering Projects (India).

PNC Infratech says lowest bid for…

[ways2capitalreview-blog]

Ways2Capital Reviews : Top Stocks In Focus Today: TCS, NBCC, Panacea Biotech, HCL Infosystems

Ways2Capital Reviews : Top Stocks In Focus Today: TCS, NBCC, Panacea Biotech, HCL Infosystems

TCS announced that its Board of Directors, at its meeting held on Friday, has approved a proposal to buy back up to 7,61,90,476 equity shares for an aggregate amount not exceeding Rs16,000cr.

NBCC has submitted a bid in response to Department of Investment and Public Asset Management’s invite for strategic disinvestment of HSCC and Engineering Projects (India).

PNC Infratech says lowest bid…