US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources. The committee of creditors had fixed December 14 as the last for submission of revised bids. According to the sources, Oaktree raised the bid to Rs 36,646 crore, including Rs 1,000 crore for insurance and Rs 3,000 crore of interest earned, while Piramal Enterprises offered Rs 35,550 crore, including Rs 300 for insurance and Rs 3,000 of interest earned.
Special court judge M G Deshpande, who has granted bail to Shiv Sena MP Sanjay Raut, terming his arrest as "illegal, without reason and a witch-hunt", had pulled up the Enforcement Directorate (ED) on multiple occasions this year over its approach in dealing with money laundering cases.
The interim stay on demolition, granted by the Delhi high court earlier, was ending on Monday.
Enthused by the strong showing in Delhi Assembly polls, the Aam Aadmi Party has decided to concentrate on the ensuing Lok Sabha and assembly elections in Mumbai and the rest of Maharashtra.
A bench headed by Chief Justice S A Bobde was informed by Solicitor General Tushar Mehta, appearing for the Centre, that a final decision would be taken in consultation with the Railways, Delhi Government and the Urban Development Ministry.
Aswathy Jwala, a social worker from Kerala, has launched a hunger strike at the Sharaniyavas slum where the Ahmedabad civic body has built a 600-metre wall apparently to hide slums from United States President Donald Trump's sight during his Ahmedabad visit on February 24.
'Dharavi will be completely slum free by 2040'
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, observes T N Ninan.
While hearing a matter relating to encroachment on railway land in Gujarat, the apex court observed that when the Constitution recognises rule of law, it has to be adhered to by one and all.
The injured -- 130 -- cannot go back to work nor do they have homes to return to. Many of them refuse to leave the hospital while some of their relatives sleep in the hospital corridors. Apart from their physical injuries, the trauma of seeing their family members swept away haunts them as does the loss of all their possessions. But the BJP-Sena government remains indifferent to this human crisis.
Members of the Opposition bloc MVA latched on the HC ruling and staged demonstrations in the legislature complex in Nagpur against the state government.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
More than two weeks after a wall collapsed in suburban Mumbai, killing 30 people and injuring more than 100, Rediff.com's Prasanna D Zore and Hitesh Harisinghani visit the area to know how the survivors devastated by the deluge are coping with their lives.
Real estate development on Mumbai airport land and the work on Navi Mumbai airport have been inordinately delayed, which have prompted rating downgrades and raised questions on its financial capabilities. It is also trying to stave off Adani group's entry as a shareholder in the Mumbai airport project.
Playing a character put off by the idea of retirement is becoming on Bachchan. Hands in pocket, eyes firmly focused on his mission, conviction inks his speech while his serene, sensitive, portrayal has a calming effect on the kids and Jhund, observes Sukanya Verma.
Mumbai's 45 mohalla committees and the many voluntary groups working to bring communities together in the city can be counted upon to do their utmost to stop riots.
288 first-time offenders have been coaxed to leave the path of crime and lead a normal life.
Last week's slum fire at Bandra east highlights the stark difference between the two sides of the neighbourhood's railway station. But Piyush Goyal can change it, says Anil Singh.
Accepting Odisha's proposal of constructing an additional 162 cyclone shelter houses as they helped in providing safe stay for people after evacuation from the coast, WB team agreed to provide assistance of $55 million for the purpose, the sources said.
Union Home Minister Amit Shah spoke to Chief Minister Uddhav Thackeray through video conference and took stock of the state's preparedness to tackle any eventuality, the latter's office said. 10 units of the National Disaster Response Force (NDRF) have been deployed in vulnerable districts, while six others have been kept on a stand-by, officials said.
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
'We say we are proud to be Indian. Can we be proud of such an India where its people are hungry and on the streets?'
Modi is seen as exceptional not only on account of his acts but also owing to his style. He appears to sacrifice his life for the people -- like a fakir, a figure he came to epitomize even more in 2020 by growing a long white beard. Charisma is above accountability, and Modi has grasped these dynamics.
Two days after a toddler died in a West Delhi slum cluster demolished by railways, triggering a political slugfest with ruling AAP targeting the Centre and Congress coming down hard on both.
The two western states, already battling a raging pandemic, which has put their health infrastructure under severe strain, opened new fronts to tackle the fallout of the storm which is expected to make a landfall close to Mumbai on Wednesday. They are likely to be impacted most by the cyclone.
With the Maharashtra government doling out pieces of the lush green Aarey forest to various utilities, the tribals living in it for generations are feeling increasingly insecure. Hepzi Anthony reports.
The new ordinance on land acquisition will allow land grabbers to deprive millions, destroy agriculture, horticulture, rivers, forests, tree cover and mangroves to extract minerals as well as ground water, without replenishment at a pace that will not leave anything for the next generation, warns activist Medha Patkar.
Sandeep Pandey salutes women who have contributed to social transformation in India after 1980.
Anuj Puri, chairman and country head at JLL India explains the dynamics of the city's real estate.
On the one had are sanitation oriented social enterprises and on the other are awareness raising campaigns by government.
The problem can be met, according to Shubhashis Gangopadhyay, research director of India Development Foundation, by the government tapping into its own land holdings.
The urban jungle still retains some precious wild spaces inhabited by not frequently seen birds and animals. The author spends a day exploring them
'Disparity is not only in Mumbai; you see it in every city. The other day, I saw right next to the mansion of Mukesh Ambani worth Rs 5,000 crore for one family, thousands of people sleeping on the pavement. This is the urban India you have created!'
AAP candidates from Mumbai, Medha Patkar and Meera Sanyal, are poised to play a crucial and complementary role. While Patkar gives voice to the suffering of people at the grassroots, Sanyal is articulating the key principles that could build a more just and equitable society or economy, says Rajni Bakshi.
'We need to understand that the perpetrators are right within us; they are not like the terrorists who come from outside.' 'The four year old who was raped in Bengaluru and the 20 year old who was gang-raped in Hyderabad should be our wake up call.'
The proposed changes to the child labour law to allow children and adolescents to work for their families would be most retrograde and regressive, say Shinzani Jain and Paranjoy Guha Thakurta.
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
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