Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.
Yes Bank has taken over the headquarters of Anil Ambani's group in suburban Santacruz in Mumbai for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday.
The warrants will be converted into an equal number of equity shares at Rs 928.89 a piece, aggregating Rs 3,984.93 crore (Rs 39.84 billion). As in the March quarter 2009, AAA Project Ventures held 83,498,937 shares, representing a 36.88 per cent stake in the company.
Lalit Jalan, the younger Ambani's Wharton classmate and CEO of R-Infra, tells Nevin John that the company will put in Rs 2,800 crore (Rs 28 billion) over the next three years as equity in various projects.
Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani has taken a huge cut in his total remuneration from his four main companies in 2011-12 at about Rs 5.5 crore (Rs 55 million), lower by nearly two-third from the previous year.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing.
The Maharashtra State Road Development Corporation (MSRDC) on Monday said that Reliance Infrastructure-Hyundai consortium would build the sealink between Worli and Haji Ali.
Tata Power, one of the power suppliers in Mumbai, has offered to take over the distribution business of Reliance Infrastructure - a development that comes on the heels of a power purchase dispute between the two.
RCom's employee cost declined by 20.7 per cent.
Last year Etisalat had forayed into the Indian telecom scene with the acquisition of 45 per cent stake in India's Swan Telecom for around $900 million (around Rs 4,140 crore or Rs 41.4 billion). The deal puts the value of the Indian GSM service provider, which holds telecom licences in 13 circles, at around $2 billion.The company plans to launch its first telecom operation during April-June next year.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Prime Minister Narendra Modi on Tuesday asked the Bharatiya Janata Party-ruled states to carve a niche for their governments in some or other sector of governance and called for giving topmost priority to 'ease of living' of people.
Reliance Sea Link One Pvt Ltd (RSOPL), an arm of Reliance Infrastructure (RInfra) which has bagged the Worli-Haji Ali sea link project in Mumbai, will have to pay a daily penalty of Rs 10 lakh for not complying with the provisions of a concession agreement with Maharashtra State Road Development Corporation (MSRDC).
The world's largest independent telecom masts player GTL Infrastructure on Wednesday said its expects to complete the merger of Reliance Infratel's tower operations with itself by the middle of next month.
The index, however, could not hold gains as persistent selling in banking, cement and realty stocks dragged the index into the negative zone. Heavy selling in the Reliance counter in late noon trades saw the index slide to a low of 13,405 - down 467 points from the day's high. The NSE Nifty shed 96 points to end at 4,041.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Maharashtra government has decided to play the role of a heavy-handed mediator in the tussle between Tata Power and Reliance Infrastructure. The dispute is over the sale of electricity in this city at regulated rates.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Chief Minister Arvind Kejriwal on Friday accused BSES discoms of trying to "blackmail" the government by threatening power cuts upto 10 hours a day, and warned them of strict action including possible cancellation of licenses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex rally was driven by Tata Motors, Vedanta, Bharti Airtel, Maruti, Reliance Industries, Tata Steel, Larsen and Toubro and HCL Tech.
Tata Power Company said on Friday that it will be able to supply electricity to an additional 30,000 consumers in the city by March next year.
Worli-Haji Ali sea link project was awarded by Maharashtra State Road Development Corporation to the company in February 2010.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Communications, India's second-biggest mobile operator, has decided to demerge its telecom tower business -- Reliance Infratel (Rel Infra). The company's board has approved a proposal to restructure the ownership of the tower firm to help create an independent tower company.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In partnership with different US firms, two companies belonging to Reliance Anil Dhirubhai Ambani Group (ADAG) have submitted competing bids for a single project floated by the Ministry of Coal.
Jaitley said focus is on larger expenditure on social sector.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
The sector hit many roadblocks during 2014, as builders were seen shying away from the projects and investments dried up amid various regulatory, judicial and policy-related bottlenecks.
The ADA Group's recent decision to sell a stake in Reliance Communications and merge its telecom tower business with GTL Infra will help it reduce a mounting debt burden.
