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Bank of Maharashtra to raise Rs 300 cr
Bank of Maharashtra will raise Rs 300 crore by September this year as Tier I and Tier II capital by issuing bonds, the bank executive director M G Sanghvi said today.

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.”

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Govt refers to CCEA Daimler's proposal to buy Hero Group stake
The government today referred to CCEA a proposal of German commercial vehicle maker Daimler to buy out its erstwhile partner Hero Group"s entire 40 per cent stake in a joint venture to produce trucks in India.
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3 Idiots to come under Maha govt scanner

Controversy continues to dog Aamir Khan starrer "3 Idiots" with the Maharashtra government today deciding to examine its content after the film reportedly inspired a ragging incident in a Mumbai medical college. - Chetan Bhagat is lying, says director of 3 Idiots - Analyse this - Lage Raho Hirani - Aamir is not saying the truth: Chetan Bhagat - Idiot saga: Upset Aamir hits back at Chetan Bhagat - Reliance Life"s new brand promise is "All is Well" "We will ask the movie"s producer to submit its script as there are media reports that the Seth G S Medical College ragging incident was similar to the one shown in "3 Idiots"," Minister for Medical Education Vijaykumar Gavit told reporters here. "Also, we would write to the Censor Board that as far as possible such scenes should be avoided in the movies," he said. As many as 18 students, including some intern doctors, of Seth G S Medical College and KEM hospital were arrested yesterday for ragging freshers on new year eve. Though they were released today on bail by a metropolitan magistrate, the authorities of the civic-run institution expelled them from hostel. One of the scenes of the film shows freshers played by Aamir Khan, Sharman Joshi and Madhavan being ragged by seniors. The film got embroiled in a controversy after the ugly spat between author Chetan Bhagat, whose novel "Five Point Someone" inspired the movie, and its makers over the credit for the story.


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