Leading property developers have made offers for this prime property, which real estate industry sources suggest could fetch Fiat more than Rs 300 crore (Rs 3 billion).
Declining sales and sliding margins are compelling two-wheeler makers such as Bajaj Auto, Hero Honda and TVS Motors to rejig strategy, to cope with the slowdown.
"We will learn from their experiences of becoming crorepatis," he said. Kalbhairva also intends to talk to financial institutions for assistance and is even planning an initial public offer.
The showpiece of the Mumbai Makeover plan of the state government, the Rs 1,300 crore (Rs 13 billion) Bandra-Worli Sealink project has run into rough weather once again. It is likely to miss the deadline of April next year.
At a time when the automobile industry is eyeing a market of 2 million cars by 2010, various automobile projects of industry majors, including Tata Motors and Mahindra and Mahindra, are running behind schedule.
It was supposed to start a white revolution in the six most troubled districts of Maharashtra's Vidarbha, where no less than 2,000 farmers have committed suicide in the last six years.
Tata Motors sells Indica and Indigo cars, pick-up trucks and long-haul high capacity trucks that are exported to SA through its subsidiary Tata South Africa.
The financing arm of the $4.5 billion Mahindra Group, Mahindra and Mahindra Financial Services Limited, is now looking to tap overseas markets with possible ventures in the US and South Africa.
Tatas have a presence in Korea following the acquisition of Daewoo's heavy commercial vehicles business some years ago.
After the controversy over pricing of gas from the Krishna-Godavari basin, the Ambani brothers are locked in another court battle.
The demand may increase due to the untapped potential.
Mining giant eyes 51% in Ashapura Minechem's alumina project in Orissa.
Last week, Maharashtra Governor S M Krishna cleared the state's proposal to raise Rs 16,000 crore (Rs 160 billion) through bonds to finance incomplete irrigation projects.
Reva, the only electric car which, is exported to the UK market from India, may get a red signal from the UK government, owing to revised safety norms proposed by the UK Department of Transport.
Maharashtra government, which is facing the heat over land acquisition for the special economic zones has written to the Centre asking it to clarify the scope of the term compulsory land acquisition.
Tata Motors, India's leading CV manufacturer, may bring its pick-up trucks, a joint venture product with Thonburi of Thailand, to Indian shores.
Toyota and Honda of Japan, and the US auto major Ford are ramping up their sales and distribution networks as they gear up to launch small cars.
The Maharashtra government's plans to tap sugar factories as an alternative source of power to overcome huge power deficit to the tune of 5,000-6,000 Mw, are proving to be a damp squib due to the rising prices of steel and coal.
Farmers will finally have a right to decide if their land can be acquired or not for special economic zones in Maharashtra.
Capping the size of special economic zones to 5,000 hectare may help governments quell social unrest caused by compulsory land acquisition for such projects.
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