With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The BCCI has told the teams to leave for UAE not before August 20 though some of the teams, including CSK, wanted to leave early.
While the couple has kept mum about their relationship, according to sources close to the development, the wedding festivities -- starting with sangeet and mehendi followed by the marriage ceremony -- will be held from December 7 to 9.
Edmeades collapsed inside the auction room of ITC Gardenia Hotel
Hilton has also hired Mallika Rao Bedi, former head of human resources at Oberoi and Trident Gurugram, as its regional head of human resources (Asia Pacific).
Rinku Singh has become a household name after his sensational power hitting in IPL to help Kolkata Knight Riders clinch victory from the jaws of defeat against Lucknow Super Giants on Sunday.
The Karnataka government on Saturday mandated a negative RT-PCR certificate that is not older than 72 hours for those arriving in the state by flights, buses, trains and personal transport from Maharashtra, following the recent spike in COVID cases there.
Pulling up the Himachal Pradesh government, the apex court told the state government to implement the law.
What India's top restaurants are doing to satisfy your food cravings.
Restaurant owners say the skyrocketing prices of onions has made things difficult for them to run the business and they are left with no other option but to pass it on to the customers.
The best films are not necessarily the most successful -- that would be another list altogether -- although sometimes quality and commerce do converge.
As Inter-Services Intelligence, the notorious Pakistan spy agency infamous for its clandestine support to most of the major terror attacks in India, made its maiden overt presence on Indian soil, curious citizens tried to catch a glimpse of "ISI ka Banda" (the ISI man).
Awarded the Padma Vibhushan, the Padma Bhushan and the Padma Shri, Pandit Jasraj also popularised semi-classical music like 'haveli sangeet' and reached out to devotees with his 'bhajans', a particular favourite for his fans being "Om Namo Bhagavate" in praise of Lord Krishna.
Five players and three team officials from Real Kashmir FC, one player each from Mohammedan Sporting, debutants Sreenidi Deccan FC and Aizawl FC returned positive in the tests, conducted in Kolkata, on Tuesday.
SDMC officials said on Wednesday that a closure notice was issued to the Aquila Restaurant located at Ansal Plaza in Andrews Ganj for operating without a valid licence.
Bollywood actor Sonu Sood is a 'habitual offender' who keeps carrying out unauthorised construction work in a residential building in suburban Juhu despite demolition action initiated on two occasions in the past, the Mumbai civic body stated in its affidavit filed in the Bombay high court on Tuesday.
The Kerala Congress-Mani led by former Kerala finance minister K M Mani on Sunday decided to withdraw its support to the Congress-led United Democratic Front coalition of which it was a part for more than three decades.
The plan is to start with 20-25 per cent capacity by early next month as part of Unlock 5.0, before moving to 50 and then 100 per cent.
Ritesh Agarwal, founder of Oyo Hotels and Homes, seems to be making all the right moves. In a quick chat with Karan Choudhury and Neha Alawadhi, Agarwal explains the moves he has made in the past 12 months to make his operations global.
The case pertains to allegations that Lalu Prasad, as railway minister, handed over the maintenance of two hotels run by the IRCTC, a subsidiary of the Indian Railways, in Ranchi and Puri to Sujata Hotels, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.
The Central Bureau of Investigation, which had on April 16 filed the chargesheet in the case, had said that there was enough evidence against the accused.
'Customer expectation and need was quite limited when we started in 2013.' 'Now the expectation is little more and a lot of hard work is needed again.'
'The option to re-open restaurants comes as a big relief to restaurateurs. Although, it is a good development, not all restaurants are geared up to re-open immediately. 'We expect only around 30 per cent of the restaurants to open starting Monday and the rest will re-open gradually through the month,' Hotel and Restaurant Association of Western India (HRAWI) senior vice-president Pradeep Shetty said in a statement.
The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm.
Chief Minister Basavaraj Bommai appealed to people to celebrate Hindu new year Ugadi and 'Hosa Tadaku' festivals peacefully without disturbing law and order.
Rajesh Karkera journeys in monsoon rains and through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
Special Judge Arun Bharadwaj granted relief to Prasad after he was produced before the court through video conference from a Ranchi jail, where he is lodged in another case, as he was unable to come due to health reasons.
"We respect the Supreme Court order. We will take suggestions from legal experts to see whether there can be a middle path," Sharma said.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
The Valley, which was brought under a virtual curfew with communication networks snapped on August 5 after the government abrogated special status to Jammu and Kashmir, has seen little difference in the last seven weeks as public transport is still not available and schools waiting for students to collect assignments.
Amy, 26 weeks pregnant, is expecting her baby in September.
Police registered a first information report against the owner and manager of Neelcity Resort in Rajkot under Indian Penal Code Section 188 (disobedience to order duly promulgated by public servant) for opening the resort for Congress MLAs, in alleged violation of lockdown notification which does not allow hotels and restaurants to open till Monday.
Chennai-based "Hotel for Dogs" started getting distress calls from worried dog owners seeking help for their pets.
The company has already put in place this digital register in Jaipur in Rajasthan and pilot projects are running in Haryana and Telangana
Unable to resume their journey to Europe and then home to Japan and unwilling to head to the African mainland, where virus cases are spiking, they had to trade their skills with domestic businesses to earn funds in the absence of work visas.
ITC has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready, chairman Sanjiv Puri said on Wednesday. The company is pursuing an accelerated journey to build a dynamic utureTech' enterprise by investing in cutting-edge digital technologies to shape a new paradigm of competitiveness, create innovative business models and tap newer opportunities, he said while addressing shareholders at ITC's virtual annual general meeting. As part of the next horizon vision, the company is "proactively exploring inorganic opportunities" even as it has shrunk "business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business" while the existing growth platforms comprising megabrands will be scaled up and fortified.
The property was acquired by RIL for around Rs 172 crore
They had earlier been called on September 11 and 12 but Lalu did not turn up, citing an ongoing court case in Ranchi where his presence was required, while Tejashwi claimed he had political commitments to take care of.
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