Mumbai's realty sector, which is slowly recovering from the financial slowdown, is set to receive a major boost. At least 100 million sq ft of additional floor space, valued at `1 lakh crore, will be available immediately for the redevelopment of 19,000 old and dilapidated buildings, slums, fishermen colonies and other structures situated in the Coastal Regulation Zone.
Dow Chemical Company is once bitten, twice shy. Close on the heels of its US parent's move to deny liability for damages resulting from the Bhopal gas tragedy at a plant run by Union Carbide (a company it had bought), Dow India has called off a greenfield project to establish a research & development facility in Maharashtra.
Financing of solar projects under the Centre's ambitious national solar mission has hit a major roadblock as banks have argued that the current structure of the power-purchase agreement was not bankable due to the credibility of many states.
The evolution of Bt created additional value worth Rs 40,000 crore until 2008.
The proposed expansion of the Dabhol power project under Ratnagiri Gas & Power Pvt Ltd (RGPPL) by 2,100 Mw from the present capacity of 1,940 Mw has been stalled for want of assured gas supply from the KG-D6 gas field, operated by Reliance Industries Ltd, and adequate number of power procuring states.
Planning Commission member Arun Maira said on Thursday a panel chaired by him had not recommended a blanket ban on the import of power and other capital equipment from China and other countries.
This comes close on the heels of the ministry's stand on the development of a new international airport in Navi Mumbai.
Ministry sources told Business Standard that necessary action would be taken to amend the Act to include penalty for non-compliance and modify the procedure to decide the penalty and punishment under the Act.
Gold imports in India are estimated to have declined by 50 per cent to 30 tonnes during June-July.
The Raigad district administration has asked RIL to submit details regarding production and safety measures at the plant.
High prices, individual investors and funds retaining their faith in gold as an alternate investment option also helped in improving the import figures.
CERC keeping an eye on movement of prices.
The UI rate is a variable depending on the grid frequency.
The Nationalist Congress Party (NCP) will declare its party line at its national executive, to be held on August 1 in Patna, days after announcing that the party would forge an alliance of secular parties on the grounds that its major ally, Congress, was not giving it adequate political space.
Diamond prices fell about 30 per cent last year and had recovered by almost 15 per cent this year. Further recovery is imminent by the end of this year, said Mehul Choksi, chairman of Gitanjali Gems, a leading jewellery manufacturer and retailer, on the sidelines of a seminar organised by the Federation of Indian Chambers of Commerce and Industry in Mumbai on Monday.
BJP president Nitin Gadkari said, "The party has not yet taken any decision on Uma Bharati's return. The issue is still being discussed." A party leader said the party's decision may be possible after the elections to the Bihar assembly are over.
An environment impact assessment study by the Indian Institute of Technology, Mumbai, for the proposed Navi Mumbai international airport, has categorically said there should not be any compromise on retaining the geomorphology of rivers, the aquatic life and mangroves in the airport zone.
Leading diamond jewellery manufacturer and retailer Gitanjali Gems Ltd is entering into real estate business through its maiden residential project at Borivli, in Mumbai's western suburb.
Come December, the Forevermark brand will take on India's leading diamond retailers
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
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