No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
The high court has directed the state government to file its response.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
The government and MMRDA are keen to develop the 22-km link, which will connect Sewri on the island city to Nhava Seva in Navi Mumbai, on an engineering, procurement and construction basis and not on the build-operate transfer model, considering past experience.
The CIDCO and the Maharashtra government have stepped up efforts to arrive at a consensus over compensation for PAPs, before a meeting called by the prime minister on November 13 to expedite the work. PAPs, who have dropped their earlier demand of Rs 20 crore (Rs 200 million) per acre, are demanding allocation of 35 per cent developed land against the offer of 22.5 per cent made by the state government and CIDCO.
The debate between the Congress and its ally Nationalist Congress Party on seat-sharing in Maharashtra for the Lok Sabha elections has taken a new turn. The NCP has told the Congress to go ahead on its own if it was sure of winning all the 48 Lok Sabha seats in the state.
Other members include former Central Bank of India chairman and managing director Homai A Daruwala, former bureaucrat of the Madhya Pradesh cadre Prashant Mehta and RGPPL's managing director R K Srivastav.
At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
The Raj Thackeray-led Maharashtra Navnirman Sena's much-awaited entry into the Shiv Sena-Bharatiya Janata Party-Republican Party of India combine to forge a grand alliance in Maharashtra won't be a reality.
However, the realty players will have to pursue their long-pending demands with the state government for abolition of the Urban Land Ceiling Act, speedy approvals to expedite redevelopment of Maharashtra Housing and Area Development Authority buildings, development of cluster development, rental and affordable housing.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
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Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
The Economic Offences Wing (EOW) of the Mumbai city police is expected to file a First Information Report (FIR) against Jignesh Shah, promoter of Financial Technologies and vice-chairman of National Spot Exchange (NSEL), and former senior management officials in connection with the current payment crisis.
People affected by the Navi Mumbai international airport insist they be allotted developed land as compensation, not cash as the land acquisition Bill, recently cleared by Parliament
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
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Else, more capital outflow and pressure on rupee likely.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
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The commissioning of the 3-km Versova to Azad Nagar stretch of Mumbai Metro-I project will not be operational from September, as the Central Railway Safety Commissioner's approval is still awaited.
Maharashtra minister pleads for stay on land acquisition.
