Maharashtra is facing trouble on two fronts: economic development and fiscal management.
Though the ruling Congress and Nationalist Congress Party have punctured the Opposition's plan to cash in on anti-incumbency, price rise and corruption, in the municipality poll results in Maharashtra, it is a wake-up call for the former. The Congress, which had emerged as the single largest party in the 2009 assembly elections and bagged 17 seats in the Lok Sabha elections held in the same year, failed to keep its tempo as its NCP partner won more seats.
David Tyler, visa chief at the consulate, said the number of applications for tourist, business and education visas had reached the pre-September 2008 level and they were likely to issue 200,000 visas this year.
The Maharastra government has given the City and Industrial Develoment Corporation (Cidco) an "in principle" approval to hand over 150 hectares of land for the ambitious project.
The latest available data from the Reserve Bank of India show a 77 per cent jump in the FDI in the first half of the current financial year (April-September), compared to what was $19.5 billion the same period a year ago.
His debt woes may continue and losses double, but the King of Good Times was clearly in a defiant mood at a press meet in a packed venue in a suburban hotel in Mumbai on Tuesday.
MMRDA official said that it was already in talks with the World Bank to get funding for the MTHL project.
Now, the 65-year-old leader completes a year in office. It's another matter, which he has yet to settle several administrative and political problems.
To bring in more transparency, the Maharashtra government will launch e-payment gateways for stamp duty and registration charges.
Clearly, the analog clock, which is part of its election symbol, is ticking. The Nationalist Congress Party may be a ruling partner of the Congress in Maharashtra, but that does not mean the 1999-founded outfit will always be restrained in its moves to spread its sphere of influence across its native state.
Business and industry leaders from India and Pakistan on Tuesday said the two countries would look up to the 21st century as one of trade - and not of wars.
Amid controversy over the finance ministry's note to the Prime Minister's office (PMO) on awarding licences for 2G spectrum in 2008, a joint parliamentary committee (JPC) is holding a two-day meeting on Tuesday and Wednesday.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
According to two independent sources in the know, GVK's lead underwriter, ICICI Bank, plans to reduce its exposure in the highly leveraged transaction. Following the move, the other PSU lenders have told GVK they, too, would like to proportionately bring down exposure.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
The developers, Reliance Sea Link One Pvt Ltd -- a joint venture between the Anil Dhirubhai Ambani group's Reliance Infrastructure and Hyundai Engineering -- is ready with the financial closure for the project after MSRDC submitted a no-objection certificate from its bond holders to the joint venture company.
The Congress party has not only distanced itself from Maharashtra Chief Minister Prithviraj Chavan but also made him clarify his recent statement that the party's decision to give the home ministry to the Nationalist Congress Party -- its ally in the state -- was a mistake. Both the central leadership and the state unit of the Congress preferred not to offer any comment but indicated that it was Chavan's personal remark that came after the July 13 blasts.
The Mumbai police believe that while selecting a crowded area in the vicinity of Kabutarkhana and Shiv Sena headquarters in Dadar for triggering blasts, the terrorists had a twin objective -- to create trouble in an area dominated by the Marathi-speaking middle-class and destabilise political equations. The headquarters of the Maharashtra Navnirman Sena and the residence of its chief Raj Thackeray were also situated a few minutes away from the blast site.
In what will be the largest media deal in India, Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV's (ETV's) bouquet of 11 regional channels.
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