According to sources, the family has pledged majority of its shareholding and real estate assets to various institutions. Two institutions, Maharashtra government's financial arm, Sicom, and IFCI, confirmed that Maytas promoters had pledged shares around a year ago to raise resources. IL&FS too has similar exposure to Maytas, said sources. However, this could not be confirmed.
Tata Power finally bit the bullet and filed a writ petition in the Bombay high court on Wednesday against the Maharashtra government.
Thinking of migrating to a more agreeable locale? Then perhaps you should consider moving to Vienna, which has been named the best city to live in for the tenth year in a row. However, the news isn't that great for Indians, with the list released by global consulting firm Mercer showing that Indian cities fared badly in the quality of living survey. The comprehensive survey is done with many factors being considered like housing, crime, political stability, leisure, air pollution, infrastructure, health system, education and economy.
Rahul Gandhi on Sunday asked voters in the city to give a fourth term to Chief Minister Sheila Dikshit, saying the national capital has seen unprecedented development under her rule and she has changed its face.
Three trains jumped off the tracks and another derailment was averted on Thursday in Uttar Pradesh, New Delhi and Maharashtra within a span of nine hours.
Having stepped down as president of the embattled Indian Cricket Board that is facing the heat from the Supreme Court, Shashank Manohar said he quit as he was not capable of implementing the recommendations of the Justice Lodha Committee and see BCCI's structure collapsing.
Simply put, tax evasion occurs when any trust, individual, or firm, seeks to avoid paying taxes by illegal and unfair means, by, for example, deliberately hiding income from the tax authorities to reduce the tax liability.
Prime Minister Narendra Modi met top French business leaders with an aim of bringing French investment and technologies to India.
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.
The death toll due to the coronavirus infection rose to 7,466 and the cases mounted to 2,66,598 in the country.
'We have lost the importance of physical movement. It is important we encourage kids to take up sport.'
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
China accounts for 90% of imports of mobile phones to India.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Waterlogging was reported from areas like Dadar, Wadala, Worli, Kurla, Chembur, Bandra, Andheri, Kandivili, Vikhroli, Kanjurmarg and Bhandup, among others.
On paper, only 8,000 villages remain to be electrified in the country, but the situation on the ground shows euphoria over numbers is misplaced
Addressing a press conference via video conference, Gandhi also said the entire country has to fight the crisis "unitedly" and there is need to grant adequate resources to the states to help them deal with it in a "nuanced" manner.
All India Congress Committee General Secretary Sanjay Nirupam on Saturday threatened to immolate himself if his demand for reduction in power tariff in Mumbai was not accepted.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
These dedicated COVID-19 facilities will have a capacity of 1,06,719 isolation beds and 12,024 ICU beds reserved for such patients in the country.
Changing the names of Uttar Pradesh cities has accelerated into a movement ahead of the 2019 Lok Sabha election, notes Ranjita Ganesan.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
Prime Minister Narendra Modi said re-developed railway stations would become iconic structures and centres of economic activity.
India's first aircraft carrier, INS Vikrant, decommissioned by the Navy over a decade ago, is to be put to commercial use like restaurants and convention centres. INS Vikrant, now only a museum, is to have certain value additions to make it financially viable.
Ten Indian states contribute a lion's share of 95% or Rs 12.25 lakh crore.
The pandemic is set to become even more challenging, with migrant workers returning home, relaxations in lockdown rules, and the approaching monsoon. However, states are looking at community participation to ramp up testing and home treatment of patients
The Central Bureau of Investigation is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others and also progress in the remaining 13 cases.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
The decision was taken at a meeting of the cabinet sub-committee on infrastructure, headed by Chief Minister Vilasrao Deshmukh, at Mantralaya. The Maharashtra State Road Development Corporation would undertake the project by devising a suitable financial model.
The report found that only 20 per cent of companies supported programmes that aimed to change the behaviour of individuals despite its critical role in eliminating open defecation.
The consultants who have been shortlisted include Scott & Wilson from England, Maun Senn from Singapore, Louis Burger from the US and another US-based company Mott McDonald.
A bench headed by Justice C K Thakker while seeking reply from Tata Power and Maharashtra Electricity Regulatory Commission asked Tata Power Company not to take coercive measures against Reliance till the next date of hearing in July. Reliance has challenged the Appellate Tribunal for Electricity's order dated May 12, 2008 which ruled that TPC was entitled to recover charges for energy supplied to REL at the rate of Rs 2.09 per unit.
"We are the government. The Navy and the Defence Ministry are not the government," he added.
The death toll also saw a record single-day increase of over 350 fatalities to move closer to the 8,500-mark, more than one-third of which have been recorded in 11 days since June 1 -- the day that marked the beginning of a phased exit from most restrictions imposed under a nationwide lockdown with effect from March 25.
After the controversy over pricing of gas from the Krishna-Godavari basin, the Ambani brothers are locked in another court battle.
Videocon Group Chairman Venugopal Dhoot on Thursday clarified that the group would be paying Rs 950 crore (Rs 9.5 billion) to the Maharashtra government's town and industrial infrastructure subsidiary CIDCO for a 100-hectare plot in Navi Mumbai and not Rs 300 crore (Rs 3 billion) as claimed by some people.
'Kerala is probably the only state, where (with regard to) the clinical management and the overall protocols, we have an infectious disease team heading the whole containment plan.'
The death toll rose to 5,394 after a record single-day spike of 230 fatalities in the 24 hours since Sunday 8 am, the Union Health Ministry said in its morning update. It showed the number of confirmed cases rising by 8,392 to 1,90,535. However, a PTI tally of figures announced by states and union territories, as of 9.35 pm, showed a higher death toll of 5,501.
The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess
A total of 27,920 people have been cured of the disease with 1,685 in the last 24 hours, taking the recovery rate to 34.06 per cent, the ministry said.
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