NBCC India Ltd. is likely to remain unscathed by the corruption charges leveled against it, as the amount involved is insignificant compared to the size of the company, according to analysts.

The Central Bureau of Investigation on Friday filed a case against NBCC India Chairman Anoop Kumar Mittal and four others for alleged corruption in a redevelopment project of the ITPO Complex at Pragati Maidan in New Delhi.

The alleged corruption amount of Rs 2,150 crore for a company with an order backlog of $12 billion (Rs 76,885 crore), and a market capitalisation of $3.5 billion is a non-starter by all measures, Rohit Natrajan, analyst-institutional equities at IDBI Capital Markets, told BloombergQuint. It is unclear if the prosecution can prove criminal conspiracy under Section 120B easily, and even if they do, it’s a long drawn legal battle, he said.

The case involves the allotment o ... Read more »

Maruti Suzuki Vitara Brezza Price In India

When it comes to cars in India, one has to admit that Maruti leads the pack. Starting from the initial foray into the car market with the Maruti 800, this Company has come a long way. The Maruti Suzuki Vitara Brezza is the latest of the beauties to roll out of the Maruti stable. Maruti is the master at building these compact vehicles that suit every kind of budget in the country. Looking at the Maruti Suzuki Vitara Brezza price list, one can say that this car has the capacity of following the same tradition. You get a sub-four metre compact SUV in the price range of INR 7.24 lakhs to INR 9.69 lakhs.

You have this beautiful vehic ... Read more »

Audi RS7 Sportback Price In India

Audi cars in India brought in the Audi RS7 Sportbackupdate recently. We see a new designed bumper, LED headlamps with optional Matrix LED, single frame grille with honeycomb adorned with the Quattro badging whereas the powertrain doesn’t see any changes. The performance of Audi RS7 Sportbackis quite impressive like all Audi cars in India including the number of interesting safety standards. On the inside, the car is luxurious and with the innovative and advanced features Audi justifies the RS7 Sportback price in India.

EXTERIOR AND LOOK

The Audi RS7 is a looker no doubt. With a typical Aud ... Read more »

BMW X5 Price In India

BMW, the Munich based luxury motor brand, has been selling a fleet of luxurious SUVs and sedans in India. X5, being one of its much anticipated SUV, has been launched by the company in an all new avatar in a bid to entice more buyers and set its cash registers ringing at the Indian auto industry. Presenting the third generation of this SUV, BMW wheeled out X5 in form of a single variant - xDrive30d Design Pure. It is being offered at a price of Rs. 70.9 Lakhs, Ex. Showroom, India. There is an array of cosmetic changes being carried out in the SUV both inside and out. The German engineers haven't left any stone unturned in making it luxurious than ever and loading it with never-seen-before off-roading capabil ... Read more »