Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.
After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).
Parents of students were incensed over the abrupt closure of FIITJEE centres in Noida and Ghaziabad, demanding government intervention and refunds. FIITJEE founder D K Goyal and 11 others were booked after several of its centres in Delhi-NCR shut down abruptly, the Noida Police said. Parents reported paying lakhs of rupees in fees and expressed concerns about the future of their children's education. The police launched a probe in Delhi after allegations of fraudulent practices and mismanagement at the FIITJEE's East Delhi centre.
Bus services between Karnataka and Maharashtra have been suspended following attacks on buses and their crew. The decision was taken given the tension prevailing in the border district of Belagavi over a sensitive issue. The language row began after a group of people allegedly intercepted a KSRTC bus and assaulted its conductor and driver for not speaking to a passenger in Marathi. The passenger, a minor girl, also filed a complaint stating that the conductor misbehaved with her. However, the family of the minor girl has decided to withdraw the case and urged people to stop escalating the matter into a language dispute between Karnataka and Maharashtra.
Bookings as well as airfares for flights to Prayagraj have jumped multi-fold as more people travel for the Maha Kumbh, with the air ticket prices rising up to 21 per cent for the Delhi-Prayagraj flights. According to an analysis by travel portal ixigo, the one-way airfare between Bhopal and Prayagraj has surged the maximum at 498 per cent to Rs 17,796 from Rs 2,977 last year.
'I need to work to find some joy in this life.'
Arbitrage funds, the new favourite of individual investors, delivered their best performance in nearly a decade in 2024. On average, the schemes delivered 8 per cent return last year, the highest since 2016, according to data from Value Research. The returns were supported by positive equity market sentiments, surge in open interest in stock futures, high interest rate, among other factors, analysts said.
Twelve of the 16 Naxalites killed in an encounter in Chhattisgarh's Gariaband district have been identified as dreaded ultras carrying a cumulative bounty of Rs 3.13 crore, including a central committee member of the outlawed movement, a police official said. Among them was Chalpathi alias Jairam, a member of the central committee and Odisha state committee of the Communist Party of India (Maoist), who had a collective bounty of Rs 90 lakh on his head in Chhattisgarh, Odisha and Andhra Pradesh. It was the first time someone from the central committee, the main governing body of the proscribed outfit, has been eliminated in an encounter in Chhattisgarh. The encounter, which lasted three days, involved personnel from E-30 (a Gariaband district police unit), Central Reserve Police Force (CRPF), its elite unit CoBRA (Commando Battalion for Resolute Action) and Odisha police's Special Operation Group (SOG).
There's clearly no limit to how dramatic a wedding can be.
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. The prime minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
Karnataka to face Services in men's doubles tennis final
A witness in a criminal case was allegedly attacked with a blade by the accused in the Karkardooma court, Delhi, on Monday.
The Supreme Court has sought details from the Allahabad High Court regarding controversial statements made by Justice Shekhar Kumar Yadav at a VHP function. The development comes amid calls for action against the judge for his remarks, which have been labeled as hate speech by some. The judge's statements were made at a VHP function on December 8, where he spoke about the Uniform Civil Code and the law working according to the majority. Several individuals and organizations, including lawyer Prashant Bhushan and CPI(M) leader Brinda Karat, have called for an inquiry into the judge's conduct and for his removal from judicial duties.
The Madhya Pradesh high court in Jabalpur on Monday directed the state government to take steps within six weeks for disposal of Bhopal-based Union Carbide's 337 tonnes of hazardous waste as per safety protocols, while restraining the media from publishing any fake news on the same.
To curb raw material imports from China and promote textiles, the Uttar Pradesh government is looking to set up nearly a dozen private textile parks in the state. The textile parks would be established under the UP Textile and Garmenting Policy 2022.
Another junior doctor, who was observing a fast-unto-death in protest over the rape and murder of a woman medic at RG Kar Medical College was rushed to a hospital on Saturday evening after his health condition deteriorated, an official said.
Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.
Air passengers might have a reason to smile this Diwali season as average airfares on many domestic routes have dropped 20-25 per cent compared to the year-ago period, according to an analysis. Increased capacity and the recent fall in oil prices are considered to be among the factors for the fall in air ticket prices. The analysis by travel portal ixigo showed that average airfare on the domestic routes have declined in the range of 20-25 per cent.
The police said the incident happened on Thursday when a jagran programme was underway at the temple in Jaipur's Karni Vihar, and local residents objected to the noise and crowd in their neighbourhood at late hours.
Tata Group-owned Air India shaved off its losses by 60 per cent to Rs 4,444.10 crore in FY24 over the previous year, according to the Tata Sons annual report for 2023-24. The airline had reported a loss of Rs 11,387.96 crore in FY23, the annual report said.
'Alok Verma can say he was helpless, but he could have made representations to the CVC, the Chief Justice of India or the prime minister in writing.' 'He could have told them that his number 2 was not cooperating and is corrupt, but he did not do that.' 'He acted arbitrarily and in a hurried manner, overnight.'
A packed beyond capacity bus carrying passengers returning to work after Diwali fell into a deep gorge in Uttarakhand's Almora district on Monday, killing at least 36 of the over 60 people on board.
If you lack an emergency fund or it is depleted, use part of your bonus to build or replenish it.
'If you want to win you need to perform.' 'Governments have found a way to buck anti-incumbency, but one policy intervention will not pay in all elections.'
India stares at the risk of an influx of Chinese products as US tariffs on a range of Chinese goods, including solar panels, electric vehicles, lithium-ion batteries, syringes, and steel, are set to take effect from September 27. With higher tariffs reducing China's access to the US market, there is concern that China may divert its exports to other markets, including India, which could lead to potential dumping of goods. This situation could challenge Indian industries, particularly in sectors where competition with Chinese products is already fierce.
Designer Rohit Bal, a pioneer who helped put Indian fashion on the global map and dressed celebrities at home, Hollywood and elsewhere, died on Friday night at a south Delhi hospital following a heart attack. He was 63.
Eighteen more people lost their lives after allegedly consuming illicit liquor in dry Bihar's Siwan and Saran districts, taking the toll in the tragedy to 24, officials said on Thursday.
The 'deliberate attack' on a Hindu temple in Canada sparked strong condemnation in India on Monday, with Prime Minister Narendra Modi asking the Canadian government to ensure justice and uphold the rule of law.
'He slobbered over women, drunk and created a scene.'
A meeting with the head of Zee TV, film-maker Dr Chandraprakash Dwivedi, would never be forgotten. 'He asked me to leave the show, and the country.' 'When I refused, he asked his staff members to push me out of the room.' 'Men like Alok Nath feel empowered to misbehave with women because they have the tacit backing of powerful peers.'
According to him, the Supreme Court monitoring committee on road safety took note of the accident and informed the state government that over-speeding is rampant and is leading to loss of lives.
As leaders in both the BJP and Congress concede, neither has within their parties a leader to match Arvind Kejriwal's charisma in Delhi.
'Alok Nath cannot leave the country and he cannot be seen anywhere around the periphery of where I live,' says Vinta Nanda.
According to police, Yediyurappa has been booked under the Protection of Children from Sexual Offences (POCSO) Act, 2012, and Section 354 A (Sexual harassment) of the Indian Penal Code (IPC) based on a complaint by the mother of a 17-year-old girl who alleged that he molested her daughter during a meeting on February 2 this year, at his residence in Dollars Colony in Bengaluru.
The National Commission for Protection of Child Rights with the Association of Voluntary Action, also known as Bachpan Bachao Andolan, led the crackdown at Som Distillery on Saturday, a release stated.
A 54-year-old woman who accused senior Bharatiya Janata Party leader B S Yediyurappa of allegedly sexually abusing her 17-year-old daughter died at a private hospital in Bengaluru due to lung cancer, police said on Monday.
The crime investigation department, probing the Protection of Children from Sexual Offences Act case against Yediyurappa, had earlier summoned him for questioning.
"I have suddenly become the talk of the town," Alok Nath laughs.
rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.
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