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How a 'realty mogul' lost its throne
Rediff.com

How a 'realty mogul' lost its throne

A decline in the real estate sector, rising debt and the company’s alleged involvement in 2G scam caused damage to the business and its image. The government’s seeking to take over embattled real estate developer Unitech would send a strong message to the industry, developers said.   “It is a wake-up call for all corporates to not do business at the cost of customers, shareholders and vendors,” said J C Sharma, vice-chairman and managing director of Bengaluru-based ... Rediff.com, 1 day ago
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