The Kanagna Ranaut-Hrithik Roshan fight rages on.
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
'While taking the decision regarding cricket, the Supreme Court has said that the officials should not be above 70 years of age and they have described these positions as "lucrative" which made me very sad and that's why I don't have any wish to work any more'
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The rise in commuters was also despite the state-run Mumbai Metropolitan Region Development Authority filing a petition against MMOPL on fare fixation.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Rohit Sharma showed no signs of the finger injury that kept him out of action for more than two months as he hammered the visiting Sri Lanka bowlers making 142 off 111 balls, said India A coach Sanjay Bangar after his team won the warm-up game.
The shutdown generated tension in Mumbai and a number of towns and cities across Maharashtra.
Suburban services were disrupted with trains on all the three lines -- western, central and harbour -- running late.
Le Pain Quotidien (LPQ), a global restaurant chain started in Belgium in 1990 has managed to transform a little part of Mumbai into Europe itself, says Harnoor Channi-Tiwary
Here's what's buzzing in Mumbai if you are looking out for real estate appreciation...
From Padma Lakshmi to Kareena, this season offers plentiful reasons to make your jaws drop.
'I am not familiar with Bollywood music but I know it's a big scene. I have done music with artists from Egypt, Latin, Europe... So yeah, an Indian collaboration would be cool.' Desi talk with Shaggy.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.
Sachin Tendulkar believes the rule changes in One-Day Internationals are responsible for batsmen dominating the 50-overs format in the last few years.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
The youths had earlier objected to being disciplined by the policeman Niteen Dondu Dagale.
India's limited-overs captain Mahendra Singh Dhoni, along with his teammates Ravindra Jadeja, Ajinkya Rahane, Suresh Raina and Ravichandran Ashwin, among others, will be up for grabs for the two new IPL teams in the draft to be held in Mumbai.
The major cause of the floods in Mumbai in 2005 and in Chennai in 2015 has been the reclamation of reservoir areas and rapid, unplanned, urbanisation.
Vijay Patil, has appealed to incumbent MCA and NCP chief Sharad Pawar to withdraw from the contest.
This Budget will be a litmus test of the government's resolve to ensure Make in India strategy works
Table toppers Karnataka suffered a batting collapse as they were bowled out for 200 by Saurashtra on the opening day of their Ranji Trophy Group B cricket match in Patiala on Tuesday.
Zomato's Users Choice Awards features the best restaurants in Mumbai.
Prime Minister Narendra Modi is likely to urge Tim Cook to begin manufacturing its prized iPhones in India.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
'For so many years, I did whatever I wanted to do and the camera captured that.' 'But then suddenly I was asked to do particular things and then the camera captured that, so it was a bit different for me, a big change.'
Prime Minister Narendra Modi on Saturday said that vague laws that lend themselves to different interpretations are the foremost reason for pendency of cases in courts.
Rediff readers share their experiences of eating on Indian trains.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
Former president Sharad Pawar may have made a comeback in the Mumbai Cricket Association after being elected unopposed on Friday, but the Union Minister for Agriculture announced that he has no plans to return to the Board of Control for Cricket in India set-up.
Measures that will make Indian cities more organised and liveable need to be implemented to tackle the menace of pollution.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Since the disastrous 2005 floods, that crippled Mumbai, little work has been done on disaster management and relief preparations.
This is the car major's second coming in India.
Bengal's most potent match winner Ashok Dinda rose to the occasion when it mattered the most as his five-wicket burst ensured a 43-run win against Railways in a Ranji Trophy Group A league encounter in Dharamsala on Sunday. Needing 119 runs on the final day with five wickets in hand to reach a victory target of 315, Railways could manage 271 in 93.2 overs largely due to Dinda's 5/67. Bengal are now firmly on course for a knockout berth with 15 points in their kitty with two outright wins and three points by virtue of first innings lead in a drawn match.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
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