The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.
The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.
One-year-old Maharashtra's elite terror combat unit formed on the lines of National Security Guard is yet to get possession of the land allotted by the government for setting up a base as the dispute with tribals over the property remains unresolved.
The Sena and Shiv Sena-Uddhav Balasaheb Thackeray labelled each other gaddar (traitor) after Shinde's rebellion split their original party last year, while Deputy Chief Minister Devendra Fadnavis publicly asserted he had exacted revenge on Thackeray for his betrayal.
'India is too large a place to have just 10 labs performing these Covid-19 tests.'
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
The Maharashtra Assembly will today initiate a debate on the Pradhan Committee Report into the 26/11 Mumbai terror attacks.
State governments need to focus on building charging infrastructure to realise the goal of transitioning a large proportion of their sales to EVs, reports Ishaan Gera.
Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis on Thursday travelled in a helicopter together for an event in Palghar as they reaffirmed their commitment to take forward their alliance and spoke about their strong bond after a controversial advertisement.
As Indian Railways looks to avert the crisis like last summer, preparations are under way to stock up coal at thermal power plants. Much like February and March, thermal coal movement in April was 5 per cent higher than the previous year, data from the Ministry of Railways shows. While India prepares for a hot summer this year, 48.23 million tonnes (mt) of coal for thermal power plants was ferried by Indian Railways in April. The national transporter also moved about 500,000 tonnes--18.4 per cent-- more imported coal for power plants this April than it had done last year.
Top Maharashtra politicians on Thursday called on Prime Minister Atal Bihari Vajpayee and sought Rs 6,000 crore assistance for an ambitious infrastructure development project for Mumbai.
According to the data, the tiger population in the country increased from 2,967 in 2018 to 3,167 in 2022.
Making a scathing attack on the Nationalist Congress Party, Prime Minister Narendra Modi on Sunday said that if the Sharad Pawar-led party is voted to power again, it will further increase its "corrupt activities."
Though no decision was taken by the EGOM as it was the first meeting of the EGOM, environmental groups and those in possession of the land have raised their ante against such a plan.
BSNL is to invest around Rs 932 crore for infrastructure development in Maharashtra circle, even as the telecom services provider is expecting a 17.4% increase in revenue to post Rs 3,075 crore by March 2004 from the circle.
Maharashtra has the highest share - over 16 per cent -- in the motor insurance premium (own damage category) of about Rs 17,098 crore (Rs 170.98 billion) collected as of 2012-13 in the country, whereas Gujarat tops in terms of annual growth rate, an Assocham study said.
The Supreme Court-appointed Justice Gita Mittal committee, set up to oversee relief and rehabilitation of the victims of ethnic violence in Manipur, on Monday submitted three reports highlighting the need for reconstruction of identity documents, upgradation of compensation and appointment of domain experts to facilitate its functioning.
Committee set up by state govt considering reduction in rates
'People are more interested in India now than ever before.'
Fadnavis, currently on a visit to the US, invited American investments in the infrastructure, agro-processing and manufacturing sectors of his state.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
Sena criticised Modi's announcement of a credit line of $1 billion to Mongolia and asked why he can't show the same eagerness to help the distressed farmers of Maharashtra.
India and Saudi Arabia on Monday called on states to reject the use of terrorism against other countries and prevent access to weapons, including missiles and drones, to commit acts of terror.
Johan Neeskens, one of the finest midfielders football has seen, is in Mumbai this week in connection with the World Coaches Programme.
Thackeray was speaking virtually after the inauguration of a water taxi service, linking Navi Mumbai to south Mumbai, and the Belapur jetty in the neighbouring township.
The present legislative framework on betting and gambling in India is sketchy, at best.
Former chief minister Uddhav Thackeray, the son of Bal Thackeray, and his family members did not attend the event.
The government will also decide in eight to ten days on how to extend the benefit to customers in Mumbai.
The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat.
Meet the richest and poorest candidates contesting the election to the richest civic body in the country.
"We are faced with certain hard facts like several courts do not have proper facilities. Some courts function out of dilapidated buildings. Judicial infrastructure is important for improving access to justice," he said.
Despite a surplus of luxury homes lying unsold, Mumbai and other cities have a severe shortage of affordable housing.
This is probably for the first time that the two former party colleagues-turned-opponents shared the stage after Rane's exit from the Shiv Sena, of which Thackeray is the president.
The gallery has come up in a British-era bunker, discovered in the Raj Bhavan campus in south Mumbai in August 2016 during the tenure of the then-Governor C Vidyasagar Rao.
During a virtual meeting with health ministers and senior officials of states in view of the recent surge in coronavirus cases in some parts of the world, he said, "The Centre and states need to work in tandem and in a collaborative spirit as was done during the previous surges for Covid prevention and management."
The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore, officials said on Friday. The banks had sanctioned credit facilities to develop a housing building at the Tech Zone IV in Uttar Pradesh's Greater Noida on a plot measuring 1.06 lakh square metre, the FIR alleged. The company failed to maintain financial discipline following which the account was declared a non-performing asset on March 31, 2017, the complaint from Bank of Maharashtra, now part of the FIR, has alleged, adding that "it has resulted in the loss of over Rs 230.97 crore". Following the FIR, the CBI Thursday conducted searches at four locations in Delhi, Noida and Ghaziabad, they said.
The underlying tone of a call for separate Mumbai city is always seen as a class war and a linguistic war, says Neeta Kolhatkar
After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.
'Hackers from China and UK were involved in the October 12 power outage,' Maharashtra power minister tells Rediff.com.
Usually, taking two wickets against a strong North Zone would leave any 17-year-old bowler with a wide smile. But Jotin Singh's smile had a tinge of nervousness.
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