One of Lutyens' Delhi's much sought after addresses, 1 Prithviraj Road, is being put up for sale. Anil Thadani, the founder of private investment advisory firm Schroder Capital Partners, is the owner of the property, which is just under one acre. Sources told Business Standard that the property was being valued at Rs 60-80 crore (Rs 600-800 million).
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
'Just keep telling people that we have fixed the Muslims, and they will not be bothered about their empty stomachs or empty wallets.'
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
BCCI is leaving no stone unturned to hold the upcoming edition of the IPL without any glitch
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
Indian tycoon Subrata Roy is putting up the two trophy properties and another luxury New York hotel for sale to raise $1.6 billion for the bail bond that will get him out of Tihar, a sprawling New Delhi prison complex that houses about 12,000 inmates.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
By pegging the exact area of the Babri Masjid site at 0.313 acres, and not the original 2.77 acres, the government hopes to be in line with the court ruling in the 1994 Ismail Faruqui case which mentions return of land to original claimants once the exact area needed for acquisition is determined, observes Saisuresh Sivaswamy.
Developers who are launching new projects are opting for this route, as they need not pay the entire amount in one lot and owners need not forego the potential rise in value. As much as 70 per cent of land deals in the country take place through this model now, against 40-45 per cent a couple of years earlier, say property consultants.
The town of Puttaparthi struggles to find its feet two years after Sai Baba died. From despondent property agents and handicraft sellers to hotel owners and drivers, all are hoping for better days ahead, says Indulekha Aravind
Price rise will benefit only a particular company, says Jayalalithaa.
The queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
Indian Hotels, the owner of Taj properties, on Friday became the first Indian hospitality major to forge a partnership in China.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
This is the largest single-owner sale of Indian modern art, but it is for reasons other than this historicity that it will be remembered, says Kishore Singh.
Want to live in Maharashtra, follow these eight rules or get jailed. Syed Firdaus Ashraf/Rediff.com on the proposed Maharashtra Protection of Internal Security Act.
Indian Hotels buys 85% in Claridges subsidiary for Rs 680 crore.
Sea Rock Hotel, one of Mumbai's best-known landmarks since 1978, is changing hands for the second time in four years. Indian Hotels Company Ltd, owners of the Taj properties, on Friday said the company would buy the 400-room hotel located in Bandra from the Delhi-based Claridges, which had acquired the property in 2005.
In January this year, permission was denied for the BJP president's chopper to land in Malda district to hold a rally. However, authorities permitted Shah to hold the public meeting at the last minute.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
A day after the Board of Control for Cricket in India announced that players can be transferred for the second edition of the DLF Indian Premier League team, owners are already drawing up their wish lists.
Ex-Formula 1 team owner and Dutch supercar maker Spyker has firmed up plans to set foot in India.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
The transaction is expected to close in the next 30 days and the merger process is expected to be completed in next 9-12 months
The office of a Tamil newspaper was attacked and staff beaten by masked men in northern Sri Lanka.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
During the questioning, the bench noted that in cases of similar illegalities in buildings close to Ranauts, the BMC had waited for several days to carry out the demolition.
The development followed the arrest of chartered accountant Rajesh Kumar Agrawal by the ED.
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
In July this year, the Intellectual Property Appellate Board had directed Registrar of Trademarks to cancel Amul's registration of TRIX trademark.
At the young age of 15, Wang joined the People's Liberation Army as a guard.
Indians living at home as well as abroad are snapping up second homes, whether it's for retirement, relaxation or just a quick profit.
The lease extension for the property expires in October.
Hardik Patel, was one of the accused in the FIR which was filed in Mehsana district on July 23, 2015, when a rally of the Patel community seeking reservation turned violent in Visnagar, resulting in damage to property and assault on some media persons.
Vadra, on Facebook termed as "witch hunt" the Enforcement Directorate's action of attaching assets of a firm linked to him, and claimed that it showed "complete misuse of assertion of power".
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
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