Recalling the veteran socialist's association with the city, Communist Party of India leader Prakash Reddy said that Fernandes had in 1967 emerged as the "giant killer" by defeating Patil, who was then called the "uncrowned king of Bombay" and represented the Bombay South Lok Sabha seat.
Most companies reporting an improvement in operating margins in Q1 as they cut ad spends and other expenses.
New members of the Union Council of Ministers, including Tribal Affairs Minister V Kishore Chandra Deo, were introduced to both Houses of Parliament by Prime Minister Manmohan Singh on Monday. Dr Singh also introduced Steel Minister Beni Prasad Verma, Railway Minister Dinesh Trivedi and Rural Development Minister Jairam Ramesh, who were recently inducted as Cabinet ministers, to members of both Houses.
If a minister does not have the freedom of expression, it is anything but democracy. It is a sad day for the very foundations of Indian democracy, former railway minister Dinesh Trivedi tells Neerja Chowdhury
Disagreeing with the formula of hike of one paisa or two paisa per km, Mamata said, "In railways there is no travel for a distance of mere one km or two km distance.
Deepak Parekh, HDFC Bank Chairman, M S Verma, former SBI Chairman, Raghuram, Professor IIM, Ahmedabad, Rajiv Lal, IDFC MD and Vinayak Chatterjee, Feedback, Infrastructure Services Chairman are members of the committee.
The country's first bullet train will run at a maximum speed of 350 km per hour, covering the stretch in under three hours from the usual seven.
In an interview with Business Standard, Railway Minister Dinesh Trivedi says if there is no rise in fares, the Indian Railways would come to a grinding halt.
The Indian Railways will borrow Rs 15,000 crore (Rs 150 billion) from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, Railway Minister Dinesh Trivedi said on Wednesday.
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
Union Railway Minister Dinesh Trivedi in his maiden Budget announced passenger amenities worth Rs Rs 1,112 crore in 2012-13 as against Rs 762 crore in current year.
