The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme, according to sources. The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year. The sources said investor consultation has already been undertaken and a cabinet note for the sale of the sprawling 25-acre property in the heart of the national capital is under consideration.
Thotakura was selected as one of the six crew members for the mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period
Govt seems to bullish to meet its disinvestment target in current fiscal.
'It is flabbergasting to think that this heavenly region has, for decades, been coveted by India's aggressive neighbours,' says Claude Arpi after a recent visit to Ladakh. 'Wanting to use the newly created infrastructure to defend the borders after the clash of 2020 with China and the resulting standoffs, the home ministry is keen to boost border tourism to show that these areas are controlled by India.'
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
The Republic Day parade, which will begin at around 1030 am, will be a unique mix of the country's military prowess and cultural diversity, depicting the country's growing indigenous capabilities, Nari Shakti and emergence of a 'New India'.
'We can expect heightened belligerence from China.'
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
China is expected to unveil its investments in India during President Xi Jinping's visit to New Delhi, scheduled for the third week of this month.
"Numerous rounds of talks have taken place with the Chinese counterparts to deescalate the situation without compromising on India's stand of 'complete disengagement and immediate restoration of status quo ante'," the defence ministry said.
'A couple of Pulwamas will bring the two nations to war and it will be limited to J&K itself.'
On the situation in the Kashmir Valley, the army officials highlighted Wednesday evening's incident when a son of a prominent eatery owner was shot and critically wounded by terrorists at his shop in a high-security area of the city.
Prime Minister Narendra Modi will be reciprocating the reception he received from the Israeli PM during his visit last July, report Archis Mohan & PTI.
Besides reviving investor sentiments, Vasundhara Raje's regime has brought reforms in the social sector.
Investors booked profits at higher levels despite the growth oriented Budget.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
'This speech is going to be more of a punishment. I spoke too much this afternoon' A tireless Prime Minister Narendra Modi left over 700 notable luminaries in peals of laughter with his quick wit and sense of humour during a dinner and reception hosted by Indian Ambassador Subrahmanyam Jaishankar at the Taj-owned, The Pierre Hotel. In the presence of the who's who of desi Americans and US lawmakers, Modi once again thanked the Indian-Americans for their contributions and discussed his plans of developing India and the ties he hopes to nurture with America. Aziz Haniffa/Rediff.com presents a sneak-peak into the festive, grand dinner.
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
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