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Some experts believe that building new cities may not be the answer to India's swelling urban population.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Spanish bank denies credit line to bail Sahara boss.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The top court last week gave Sahara a final chance to raise funds.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
Sahara relied on a letter from bank saying the funds were there.
The group also plans to commission 500 MW of solar power projects
NRIs are increasingly buying properties in India online.
SpiceJet is having tough times due to a huge financial crunch.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
Fierce competition among airline firms has long limited price increases despite crippling operating costs
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
Xiaomi said in a statement that "it isn't easy" to build up a patent portfolio as a start-up company, but it aims to have filed 8,000 applications by 2016.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.
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