The initial cost of the project, including land, is Rs 125 crore (Rs 1.25 billion) and the development cost is nearly Rs 1,400 crore (Rs 14 billion). The company is planning to fund the project through debt and draw more funds from Lehman if required, sources said. Recently, PLL and Lehman tied up to invest in the realty projects of Peninsula. In the Rs 700-crore (Rs 7 billion) joint venture, Lehman invested Rs 500 crore (Rs 5 billion).
Reliance plans to shut two-third of its 1,400 petrol pumps in the country by next month as it is unable to match the fuel price offered by state-run retailers, who get compensated by the government for selling fuel below the cost. Reliance and Essar make huge losses on selling petrol and diesel at prices higher than Indian Oil, Bharat Petroleum and Hindustan Petroleum. On an average, fuel at private outlets is costlier by Rs 4 to 5 a litre than the PSU pumps.
Dipak Haksar, bottom, left, chief executive, ITC Hotels and WelcomHotels, tells Ajay Modi that FY19 is going to be a year of strong growth, and tariffs are likely to see a substantial improvement in the fourth quarter
Domenico Berardi converted a penalty in the fifth minute of injury time on Sunday to give Sassuolo a shock 1-0 win away to Serie A leaders Inter Milan, who dominated the match but were repeatedly foiled by the visitors' goalkeeper Andrea Consigli. Berardi sent Inter goalkeeper Samir Handanovic the wrong way to complete an extraordinary win for Sassuolo, who were beaten 7-0 in the same fixture last season, as Inter coach Roberto Mancini watched in disbelief.
'It looked as if India had been a major player in science at that time, raising the question when and why things changed,' says distinguished aerospace scientist Professor Roddam Narasimha.
News reports cited police as saying they suspected blast in the capital of Taipei had been caused by some kind of explosive in the train carriage.
Betting big on a range of new products, including commercial refrigeration, high-end televisions, cooking and food processing appliances, Godrej Appliances is targeting a turnover of Rs 2,000 crore (Rs 20 billion) for 2008-09 against Rs 1,400 crore (Rs 14 billion) in the current financial year.
Many of the tragedies occurred in the dark, which is when it is cooler to walk, and many people were caught in their sleep. The combination of no traffic and speeding vehicles has led to havoc, endangering the lives of those who found themselves without work or money in the coronavirus-induced lockdown and were frantic to get home, any which way.
As many as 30 companies saw their share prices rising to new life-time highs, while 51 stocks got stuck at their upper circuit limit. While the stocks scaling new peaks included some known names like Essar Shipping, Southern Ispat and Usher Agro, the list of those hitting upper circuit limit were mostly penny stocks belonging to T and Z groups of the BSE.
Gaurang Shah, vice president, K R Choksey Shares and Securities, gives ten stock picks that can make young investors with a long term investment horizon millionaires.
While the investors have lost a whopping Rs 6,63,975 crore (Rs 6,639.75 billion) in just one trading session from market cap of Rs 66,17,501.33 crore (Rs 66,175.01 billion) on Friday last week. The investors had lost over 5,21,310 crore (Rs 5,213.1 billion) in the five trading sessions last week.
Anil Ambani group's Reliance Power IPO on Tuesday generated a demand of close to Rs 1 lakh crore (Rs 1 trillion) within four hours of start of the book building process, with the issue getting oversubscribed nearly 10 times.
It could prove to be a major breakthrough in the protracted standoff between 44-year-old Assange and Sweden, where he is wanted in relation to a 2010 rape allegation.
Company targets sale of one million handsets a year.
The "caution level" among the troops has also been raised.
In Hyderabad, it plans to hire in the areas of finance accounting, transaction processing and technology, among others
Chandrayaan-3's success is a must for India's space ambitions; we can't afford to lose out. And for realising our space dreams, the Indian private sector must be encouraged because if we lose this race, the moon, Mars, and mineral-rich asteroids will already be crowded before we reach there.
WhatsApp, last month, sued Israeli surveillance firm NSO Group, accusing it of helping those buying its spyware Pegasus break into the phones of roughly 1,400 users across four continents.
Second-quarter corporate results show a significant slowdown in sales and profit growth.
'Co-living is a phenomenon that is bound to strike the right chord with young people everywhere and India will lead the charge as the testing ground for all such ideas.'
India Outdoors, an adventure travel company, is organising a hiking and overnight stay at Rajmachi from Mumbai.
A recent study decodes the link between declining sexual activity and menopause.
These phones are SIM-enabled, allowing consumers to move from one CDMA service to another, a flexibility hitherto available only on GSM handsets.
The rooms will be priced between Rs 1,000 and Rs 1,400, based on the location, and will provide a basic room and dining service, gym and a wi-fi connection.
Manchester's police commissioner demanded an inquiry into the 'fiasco' of a fake bomb left behind from a training exercise at Old Trafford that forced the abandonment on Sunday of a Premier League soccer match.
Reliance Industries, the country's most valuable company, has launched an employee stock option scheme to reward nearly half of its workforce.
The Premier League game between Manchester United and Bournemouth on Sunday was abandoned after two stands at Old Trafford were evacuated before kickoff.
Following the Central government's decision to give sops to sugar sector for exports, the commodity's exports are likely to touch 2 million tonnes this year, twice the initial forecast.
Prime Minister Manmohan Singh spoke to Sachin Tendulkar on Saturday and congratulated him on being awarded the Bharat Ratna -- the highest civilian award in the country.
Finance Minister P Chidambaram has ruled out any more sops for the exporters hit hard by the rising rupee, asking them to get used to stronger currency as dollar inflows would continue to grow.
The movie has attracted 60 brands as merchandise partners and seven media partners
The company, which follows the calendar year for its accounting purposes, expects that a large part of this turnover -- just under Rs 1,400 crore -- would come from acquired companies.
However, truckers have spared other vegetables, fruits, fuel and milk from the strike.
Uncertainties like the bankruptcies bill, rising non-performing accounts at banks and political uncertainty are expected to drive gold demand higher in India.
Resident doctors in Maharashtra Sunday warned of taking their agitation nationwide as the strike by the medicos entered the seventh day.
'The Modi government did not deny it had acquired the NSO platform, and did not deny it was spying on its citizens by hacking into their phones,' says Aakar Patel.
