The prices are used to charge stamp duty and are calculated on the basis on trends in the property market. They are published by the state government on January 1 every year. This year, for the first time in eight years, the state government did not propose any change in the rates taking into consideration the downward trend in property prices.
The dispute involves a UK-based hedge fund, Altima Partners, and the company's principal promoter Raghav Bahl, founder and largest shareholder of Network18, the broadcasting group which runs TV channels such as CNBC-TV18, Colors and Awaaz.
The Mumbai police, along with a group of enthusiastic citizens including Mumbai Sheriff Indu Shani, combed commercial complexes, malls, office buildings and residential premises in south and south-central Mumbai to identify and get rid of unsecured Wi-Fi connections in the city, following terrorist attacks last year.Terror mails were sent via unsecured Wi-Fi connections before the Delhi and Ahmedabad serial blasts also.
Auctions for spectrum for 3G or third-generation telecom services could be delayed from an already rescheduled date of January 30 after the Department of Telecommunications sought legal opinion on whether it should send the finance ministry's suggestion on doubling the reserve price back to the Telecom Regulatory Authority of India for its endorsement.
Will scrap bid if it falls below government's revenue expectations.
Reflecting the sombre mood in the real estate sector, the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner, which is used by the government to charge stamp duty on property transactions.
The property rates in the ready reckoner for Mahrashtra may drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken on Wednesday. The property ready reckoner is prepared by the office of the inspector general of registration and stamp duties on the basis of transactions in real estate sector in respective areas.
With the Lok Sabha elections around the corner, the Maharashtra government is set to announce another farm loan waiver package to cover all those who were excluded by the central government's waiver package.
Bajaj family members are in the final stages of reaching a peace formula to their six-year-old dispute over the division of group companies and assets. Sources familiar with the developments said an announcement can be expected in the next 10 days, but did not want to divulge details.
Korean car maker Hyundai Motors India Ltd said it will have to lay off 2,000 temporary workers, about one-fourth of its labour force, to tide over a decline in car sales. The company employs over 8,400 workers, of which around 3,300 are temporary.
After much bickering, the Airports Authority of India and the state government-promoted Maharashtra Airport Development Corporation have agreed on the shareholding pattern of the company that will develop Nagpur's proposed international airport.
'Parents in the city don't worry about their young professional daughters coming home late at night in public transport. Having said that, there is no guarantee that this -- a better law-and-order situation in the city compared with other metros -- will protect you from a terror attack.'
This is the second project in the country in which a metro rail project is being undertaken through a PPP model after the 71-kilometre Hyderabad metro project was won by Maytas Infrastructure. According to industry sources, infrastructure major Larsen & Toubro had also initially shown interest for the project, but backed out finally.
This is the first time Hill & Knowlton, part of the WPP group that has several joint ventures in advertising, is venturing into India in this area. The Hong Kong-based company has presence in more than 41 countries across the globe. The PR business has been attracting the attention of international agencies and many have already set up JVs or signed partnerships with Indian players.
Yachts and luxury boats belonging to Mumbai's rich and famous have come under the scanner of intelligence agencies after the 26/11 terror attacks. The agencies are pleading with government authorities to take appropriate steps to plug the loopholes in the law to ensure these yachts are registered either with the central government or state government authorities so that they are not misused by ferry men or used for anti-national activities.
Slowly but surely pieces of the jigsaw puzzle of the conspiracy behind Mumbai terror attacks are falling into place.
The job of the police is to essentially provide security along the coast and it is the job of coast guard or navy to provide maritime security
The state government on September 21 held the referendum, the first of its kind in the country, in 22 villages in Raigad district to decide the fate of the Mumbai SEZ, promoted by Jai Corp headed by Anand Jain, who is a close associate of Reliance Industry chief Mukesh Ambani. However, Raigad district collector Nipun Vinayak is yet to finalise the report on the issue.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
After 11 years of hanging like a sword on PepsiCo India Holdings Ltd, the government's condition that the company must dilute its equity in fully-owned downstream ventures is close to being waived.
