Mumbai's first metro project between Versova-Andheri-Ghatkopar will be commissioned in 30 months, instead of the stipulated 60 months.
The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC).
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
The Thackerays sought dismissal of the PIL on the ground that it was filed on assumptions and without any factual foundation.
The Bombay high court on Tuesday dismissed a public interest litigation seeking a disproportionate assets case against former Maharashtra chief minister Uddhav Thackeray and his family, observing that it sought a "roving enquiry".
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From an idea inititated in a hostel room, Hearing Plus went on to become a national chain of hearing treatment clinics.
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