Bharti Walmart, the joint venture between Bharti Enterprises and Walmart, the world's largest retailer, is also expected to open cash and carry stores in the South in the next 12-24 months.
NHAI expected to be debt-free by 2030-31 and added the authority, which raised about Rs 14 billion (Rs 1,400 crore) in 2009-10 through capital gains tax exemption bonds, planned to mobilise Rs 40 billion (Rs 4,000 crore) in the current financial year.
The Maharashtra unit of the Congress party is divided over the nomination of Commerce Minister Anand Sharma to the Rajya Sabha from the state.
Call it a revival of the information technology (IT) industry or increase in demand from non-IT sectors, office lease and sale transactions have picked up by 10 to 15 per cent in the past quarter.
Mumbai electricity consumers do not have to face powercuts for a while. The Maharashtra Cabinet subcommittee chaired by Chief Minister Ashok Chavan on Thursday intervened to resolve the ongoing dispute between Tata Power and Reliance Infrastructure over power purchase.
The Maharashtra government has decided to play the role of a heavy-handed mediator in the tussle between Tata Power and Reliance Infrastructure. The dispute is over the sale of electricity in this city at regulated rates.
Says Bhushan-Essel combine, the highest bidder, has withdrawn but latter denies having done so.
A Maharashtra government-appointed committee has asked Tata Power not to adopt differential pricing but supply excess power at the regulated price to Reliance Infrastructure.
As the IPL controversy has shown, he shuns the limelight but still makes his presence felt.
Pantaloon Retail Ltd, the country's largest retail company, and Future Value Retail Ltd, recently carved out from Pantaloon as a 100 per cent subsidiary, plan to issue non-convertible debentures worth Rs 750 crore in the next three-four months, according to sources.
Almost one and a half year after tying up with Reliance Brands, a unit of Mukesh Ambani's Reliance Industries, Diesel opened its first store in Mumbai in April this year.
Initially, the industry thought jatropha could be grown on wasteland, without irrigation. They got it wrong, as good care is required for at least three years of the total plant life of 40-45 years, in which moderate irrigation is also required.
Civil Aviation Minister Praful Patel has often played the role of a crisis manager to sort out differences between the Congress and the Nationalist Congress Party, of which he is a prominent leader. The minister is now playing a similar role on the personal front, trying to defend himself amid reports of his alleged involvement in the controversial deals surrounding the Indian Premier League.
Exporters are increasingly becoming jittery of making huge losses and apprehend large-scale cancellation of orders and delay in payments.
Sule, who is being projected as Pawar's heir apparent, has clarified that neither Pawar nor any member of the Pawar family had any investments in IPL. She preferred sugarcane-rich Kolhapur in Maharashtra to issue the clarification.
There is good news for coal mine developers who want to go in for expansion. The Ministry of Environment and Forests (MoEF), in its new notification, said the developers that had already bagged environment clearance for their existing projects might be exempted from the stipulated public hearings for obtaining clearances for their expansion projects, provided they met certain criteria specified by the ministry.
For developers who came out of a prolonged slowdown of 2008-09, the fund raising spree could be dangerous, say consultants.
Industries looking for opportunities to move out of Maharashtra are the Shiv Sena's latest target.
The fate of industrial projects worth over Rs 60,000 crore will be decided by an expert committee of the environment ministry at a two-day meeting beginning Wednesday. The committee will take up 32 new proposals, including modernisation and expansion of steel, aluminium and cement plants belonging to the top-notch companies.
The Shiv Sena had gone on the defensive after a 'successful' visit to Mumbai by Congress general secretary Rahul Gandhi and high drama over the release of Shah Rukh Khan-starrer My Name Is Khan -- both in February. Maharashtra's main Opposition party is now back in action, alleging that Marathi-speaking people in Karnataka's Belgaum district, which shares a border with Maharashta, are being suppressed by the Bharatiya Janata Party government in that state.
