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navhindtimes.com
vox populi
he Consumer Disputes
Redressal Forum, North
Goa, recently awarded
costs, compensation and
refund to Vishal Gaonkar,
aspiring law student. Gaonkar had
gathered from various sources
that Engineers Learning Institute
was offering law degree courses
and hence approached its office
at Miramar for admissions. However despite paying the entire
fees to the institute no study
material was provided to him. The
representative of
the institute asked
him to prepare for
exam to be held in
the month of June
2013 without providing adequate
support. However
no exams were
conducted which
led Gaonkar to
approach the institute several times.
Due to the
delay tactics and
false assurances
from the institute,
Goankar lost hopes
and addressed
a legal notice to
them to recover
fees amounting
to Rs 46,800. It
expenses and irreparable loss for
was submitted by him that the
which he deserves to be compeninstitute is functioning as a inforsated. After perusing the records
mation centre for Apex Learning
and evidence the members of the
Technology Ltd who is affiliated
Forum observed that the opposite
to CMJ University in Meghalaya.
Parties have not appeared to conFurthermore the reply by Engitest the claim of the complainant.
neers Learning Institute stated
Hence, the
that they are only authorized to
deficiency in service on their
collect the fees of the courses
part is proved. While allowing the
from the prospective students
complaint the Forum observed
and then to deposit the same
that due to the cancellation of exwith Apex Learning Technology
amination, the complainant could
Ltd.
not complete his studies and fulFurther Gaonkar was informed
fill his dreams.
that somewhere in the month
of May 2013 the government
of Meghalaya noticed some
Latest
irregularities in the functioning of the CMJ University had
BSE Sensex
26,635.75
asked it to stop operations and
Nifty
8,170.05
therefore the exam could not
be conducted. CMJ University
Re/ US $
66.96
thereafter challenged the order
Rs/ UK Pound
95.46
hCauliflower
h
(piece)
hCabbage
h
34.70
hChilly 62.00
h
30.80
hCluster
h
Beans
33.00
hOnion
h
hFrench
h
Beans
52.00
hPotato 26.90
h
hCarrot
h
37.00
hTomato 57.50
h
17.80
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investors guide
Buy on dips
weekly
market
outlook
sector watch
scrip tip
Full-scale recovery
to take time
HOLD
rindwell Nortons (GWN) fourth quarter revenues and gross profit surpassed estimates riding on robust ceramics sales. However abrasives
segment that comprises 65 per cent of salescontinued to underperform. As such the sales growth of the company is tapered due to peaking
of market share in certain segment, pricing pressure and double digit fall
inexports. GWN is well placed structurally in the long term with capacity
utilisation at 65 per cent and robust new product portfolio which is 30
per cent ofsales. However on account of delayed cycle uptick the growth
potential of the company is limited.
Edelweiss
Picture perfect
ROS Internationals fourth quarter performance is better than expectations. It has substantially brought down receivables due to realignment
of catalogue. In the current year the company is confident of containing
receivables days at current levels. EROS has healthy movie slate for 2017
of Hindi and regional movies which is expected to be strengthened further
during the year. Importantly EROS has been able to pre-sell satellite rights
for most of its key movies. EROS: US would now pay EROS 40 per cent of
the production cost of a movie and a 20 per cent mark-up on the same as
against 30 per cent of the cost and 30 per cent mark-up earlier). EROS will
also take stake in EROS: USs global digital business at a nominal value.
Higher revenue from catalogue sales, new content sharing agreement with
EROS:US, lower interest cost will result in higher earnings. The best period
for content monetization for EROS is yet to come.
IDBI Capital
Restricted upside
Target Price
` 700
Current Price
` 674.00
Grindwell Norton
buy
Target Price
` 285
Current Price
` 212.10
SELL
Target Price
` 59
Current Price
` 70.90
Crompton Greaves