Fifteen stations might be taken up in the first stage with an investment of Rs 6,000-7,000 crore.
President Pranab Mukherjee presented five Padma Vibhushan, eight Padma Bhushan and forty-three Padma Shri awards at the Rashtrapati Bhavan in New Delhi.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
Star Health and Allied Insurance's Rs 7,250-crore initial public offering (IPO), the third largest this year and eighth largest ever, just about managed to make it despite a poor response from investors, garnering just 79 per cent subscription, forcing the investment bankers to prune offer for sale (OFS) component. This is the second large offering after digital payments major Paytm this year to receive a lukewarm response from investors, a sign that despite the IPO frenzy investors are discerning when it comes to pricing. As Star Health didn't meet the profitability criteria, its IPO required a mandatory 75 per cent subscription from qualified institutional buyers (QIB).
Oberoi Realty has hit the top slot in Mumbai's ranking of the top-20 developers in terms of sales in 2021, evicting the Runwal group which was number one last year. The Lodha group which had occupied the top slot three out of five times since 2017 slipped to second place in 2020 and continues to be in the same position in 2021. The Oberoi group was in fifth place in 2019 and fourth place in 2020. This is the first time that it has occupied the number one position. The Runwal group which took the top slot in 2020 is down to third place in 2021.
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
Warehousing and logistics segment has been among the most resilient asset classes in the pandemic.
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
Afcons Infrastructure, whose chartered barge P305 with 261 personnel at the Bombay High offshore oilfield was wrecked by cyclonic storm Tauktae earlier this week, on Thursday said the weather deteriorated rapidly and reached levels far worse than forecasts.
Reliance Industries chairman Mukesh Ambani continues to top India's richest list, according to the Hurun India Rich List 2014.
In the 2017 budget, the government accorded infrastructure status for affordable projects to help such projects raise loans at lower rates
Developers are cautious about the timing of launches in the near term, given the relative uncertainty in demand pick-up and logistical challenges during the lockdown. However, affordable housing projects slated for the first quarter (Q1) of 2020-21 (FY21) may get launched this quarter itself.
As Delhi-NCR chokes on post-Diwali pollution, demand for air purifiers has spiked with manufacturers such as Eureka Forbes, Blueair, Kent RO and Panasonic expecting up to four-fold jump in sales.
Raghavendra Kamath reports on what ails India's real estate sector.
As PM talks of lower lending rates, housing companies prepare to cash in.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
The delegates from both sides will discusses issues, including connectivity at the Zero Point and the number of pilgrims to be allowed.
The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal Industries for Rs 363 crore in 2018.
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Bigger companies are signing equity JVs with global investors.
Canada Pension Plan Investment Board has stringent processes and systems, which are proving to be a stumbling block
Indian property markets are not in the pink of health.
Company signs MoU with state for its three-year plan; ties up with Subhash Ghai firm for content creation
Top architecture firms belonging to Hafeez Contractor and C P Kukreja have offered to design a few stations free of cost.
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Several on-site labourers in the city want to take special trains being run to transport workers back home. The rising number of COVID-19 cases in the city has caused anxiety among them.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Indian Railways under Piyush Goyal has chalked out a new plan for station redevelopment. Railway stations in 15 cities may soon offer residential apartments.
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
The company behind brands like Aquaguard focuses on technology to differentiate brand, rethinks communication strategy.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
The list of the prestigious Padma Awards 2016 awardees is out and superstar Rajnikanth is set to be honoured with the nation's second highest civilian award, the Padma Vibhushan.
Experts view this as a case of "failed experiment" in succession
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
