According to reports, the Ministry of Corporate Affairs has not found any significant financial irregularities in the operations of the Indiabulls Group.
The cost of land would shoot up to that extent it would add to the project cost both for the industry and for the developers, says Ajit Mittal, ED of Indiabulls Group.
Ajit Mittal, Executive Director, Indiabulls Group in an interview to CNBC-TV18 spoke on the impact of RBI measures to protect rupee on growth and the currency.
The original Reserve Bank of India guidelines were fairly lucid, and everything was well articulated, says Ajit Mittal, Group ED, Indiabulls Group. Talking to CNBC-TV18, he says that RBI has now clarified that the transition time is 18 months.
After the Reserve Bank announced the final guidelines for issuing of new banking licences, Indiabulls Group, ED, Ajit Mittal, told CNBC-TV18 that on the whole this is going to go a long way in promoting the cause of financial inclusion and overall deepening of the financial sector.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com picks Indiabulls Securities as his multi-bagger idea for the day. According to Tulsian, Indiabulls Securities looks a penny stock or maybe a little risky one but can be bought with a price target of Rs 15 in next twelve months or so.
In a stinging report, Veritas said all norms were violated to enrich the controlling shareholders of the Indiabulls group, and suggested that investors should file a legal case to "to claw back the ill-begotten gains of the controlling shareholders".