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IRB Infrastructure Developers Ltd posts Q4FY21 consolidated PAT of Rs 97 46 crore

IRB Infrastructure Developers Ltd posts Q4FY21 consolidated PAT of Rs 97 46 crore
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Shemaroo Entertainment Ltd leads gainers in B group

Dynamic Cables Ltd, Oriental Hotels Ltd, MEP Infrastructure Developers Ltd and H T Media Ltd are among the other gainers in the BSE s B group today, 24 May 2021. Dynamic Cables Ltd, Oriental Hotels Ltd, MEP Infrastructure Developers Ltd and H T Media Ltd are among the other gainers in the BSE s B group today, 24 May 2021. Shemaroo Entertainment Ltd soared 19.97% to Rs 115.35 at 12:04 IST. The stock was the biggest gainer in the BSE s B group. On the BSE, 80155 shares were traded on the counter so far as against the average daily volumes of 24566 shares in the past one month. Dynamic Cables Ltd spiked 19.90% to Rs 36.15. The stock was the second biggest gainer in B group. On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 40732 shares in the past one month.

IRB InvIT s Q4 distribution stands at Rs 2 50 per unit

IRB InvIT s Q4 distribution stands at Rs 2.50 per unit ANI | Updated: May 15, 2021 16:59 IST Mumbai (Maharashtra) [India], May 15 (ANI): India s first listed infrastructure investment trustIRB InvIT said on Saturday it will be distributing Rs 2.50 per unit for the quarter ended March (Q4 FY21). The yearly distribution for FY21 totals Rs 8.50 per unit in spite of lower toll collection due to lockdowns arising out of Covid-19 pandemic. The distribution cost for IRB InvIT works out to Rs 145 crore. The trust has set May 20 as a record date for distribution which will be paid to unit holders by May 29. It is encouraging to see that the FASTag penetration has crossed 90 per cent of total collections, which is further bringing in more efficiency and transparency, said a spokesperson. We hope the situation will improve in coming quarters.

Force Majeure: Force Majeure: How successful has the law been post Covid in India

Synopsis Law relating to force majeure is quite settled and one requirement of law that when the contract itself provides for the force majeure and reliefs therefrom, the aggrieved party is bound to follow the process of notification. Getty Images Various courts in India have also recognized COVID-19 as force majeure. Force majeure clauses are risk attribution clauses, which specifically deal with the attribution of risk arising out of a force majeure event. Force majeure events are often broadly defined as unforeseeable events, over which parties have no control, which are not a result of a default of one party and which cannot be prevented by parties by exercising reasonable care and caution.

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