Lavasa is attempting to create an idea that such a city can be built, and rapidly, and not only restore or preserve the ecology but enhance it as well.
The Aditya Birla Group is in acquisition mode again. It appears set to acquire US carbon black manufacturer Columbian Chemicals. According to two independent sources, negotiations are at the last stages, and a deal is expected to be announced next week. The size of the deal, said these sources, is expected to be around $900 million (Rs 4,100 crore).
Five months before the put option window closes, JP Morgan has come out with a report stating that Essar's stake in Vodafone Essar is around $2 billion, which is far less than what the shareholder agreement between the two companies in 2007 envisaged.
During the ongoing crushing season, mills have so far produced 3.36 million tonne (mt) of sugar and unsold stocks have touched 1 mt. Sugar prices are at Rs 2,585-2,630 a quintal, compared with Rs 2,850 a quintal on December 31.
On the back of recent controversies involving the release of Niira Radia tapes, allocation of 2G spectrum and alleged financial irregularities in the Commonwealth Games, the Confederation of Indian Industry (CII) plans to launch a "moral leadership" campaign to combat the rising incidents of corruption.
Maharashtra Chief Minister Prithviraj Chavan plans to overhaul the Rs 15,000-crore Dharavi redevelopment project. Chavan - who has already flagged what he called an "unholy nexus" among builders, politicians and middlemen in the wake of the Adarsh housing society scam - now wants state-run Maharashtra Housing & Area Development Authority (Mhada) to carry out the big-ticket project.
The Mumbai-based Shah family of the diversified Anchor Group has decided to put its FMCG portfolio of oral care and personal care products on the block, according to two independent sources.
Truck rentals during calendar year 2010 rose by 24-40 per cent on trunk routes, with robust manufacturing growth and high consumer spending. However, the rentals stabilised during December and are expected to remain firm in the first quarter of calendar year 2011.
A stake sale deal between Patni Computer Systems and iGate is on course, but has been delayed due to procedural issues.Sources involved in the deal said they include tax-related developments and offshore transaction fees.
Chief Minister Prithviraj Chavan appointed Subodh Kumar, a 1977 batch IAS officer, as the commissioner of India's richest civic body - the BrihanMumbai Municipal Corporation (BMC). Kumar replaces Swadhin Kshtriya who has been appointed as the revenue secretary.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
After government's measures like export ban and import from Pakistan, average wholesale prices of onion in Nashik district's various Agriculture Produce Market Committee (APMC) markets have come down by around 45 per cent to Rs 2,071 a quintal in the last three days.
Vinod takes centrestage as Pramod stays away from deal; uncertainty over the latter's continuity on Ispat board.
The Maharashtra government has launched a "restaurant" to save the vulture, nature's most efficient scavenger. The 20-acre restaurant is located in the Fansad sanctuary in the Raigad district which is spread over 50 sq km.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
The Maharashtra government has scrapped its policy to grant additional floor space index (FSI) for public parking in Mumbai city under its Development Control Regulations 33 (24). The government had notified the extra FSI for parking one-and-a-half years earlier following a rise in vehicle population and the need for parking in the city.
As and when the sector opens up to FDI, the world's second-largest retailer will automatically get equity in Pantaloon Retail or will enjoy right of first refusal, said the sources.
Three districts of Maharashtra - Ratnagiri, Sindhudurg and Raigad - on the western coast are set to become the power hub of this part of the country.
The rail link is considered necessary as it will help decongest the growing traffic once the proposed airport comes up in Navi Mumbai.
Actual construction on the Navi Mumbai international airport, which received the much-awaited environment clearances early this week, would begin in October next year as certain formalities remained to be done, said the City and Industrial Development Corporation (Cidco), a nodal agency for the project.
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