In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs 766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday. The company stated that the arbitral tribunal has asked the West Bengal Industrial Development Corp (WBIDC) to pay the company Rs 766 crore compensation, in connection with losses incurred on its manufacturing site in Singur.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
Former West Bengal chief minister and a front-ranking Marxist leader Buddhadeb Bhattacharjee will go down in the country's history as a pragmatic communist who kept aside his ideological convictions to woo capital for the industrialisation of his state.
India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.
The actor was last seen in 2023's OTT film, Gaslight, and now returns to wow us in an OTT series.
Commerce and industry minister Nirupam Sen and land and land reforms minister Abdur Rezzak Mollah say the figures are yet to be collated. West Bengal Industrial Development Corporation sources said land losers would only be known once the projects are awarded.
Mamata Banerjee led TMC has released its election manifesto on Monday promising to bring all round development in West Bengal with special emphasis on industry and agriculture.
Land, the core issue of contention, is now being acquired selectively for the sake of setting up new industries and that too in areas where agriculture is weak.
Nayagam PP, founder of Edujob360, offers a list of the top entrance exams, their timelines, eligibility criteria, exam patterns and preparation strategies to help you plan the year ahead.
Mamata Banerjee said availability of land won't be a problem in Bengal as the state government has a land bank.
More screens, more films, and longer windows will convert to more people watching, assuming they know a film is releasing, points out Vanita Kohli-Khandekar.
The alpona (artwork) on the steep, winding road leading to Makaibari bears testimony to the visit of G20 delegates for the second tourism working group meeting in April last year. The lush tea bushes, the delegates joining in for the moonlight plucking of Silver Tips Imperial first flush, a favourite of late Queen Elizabeth II, cut a picture of mystical magic. But it's not the Kurseong tea garden's only shining moment - the last few years have been busy for the estate and its bungalow.
Less than five months after Tata Motors relocated its Nano project from West Bengal to Gujarat over land issues, another Tata group company, Tata Metaliks, is reviewing its expansion project in the state on similar grounds.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.
Given the hardships faced by the jute mill industry in West Bengal, one of the few surviving manufacturing sectors in the state, industry experts say a strike threat is looming large, which could lead to more lockouts.
Yet to achieve financial closure for project because of pending draft agreement.
'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'
The decision was reached after political consensus; sellers offered land-for-land deal.
The industry minister said the small car project could not come up if 400 acre was returned as demanded by Trinamool Congress chief Mamata Banerjee. Nirupam Sen, who had discussed the Singur project with Tata in Kolkata on Thursday night, said that the state government wanted to work out a solution and was was open for talks to find out an acceptable solution.
The survey was conducted in 88 major industrial clusters in the country.
The West Bengal government has handed over the first tranche of 533 acres to Bengal Aerotropolis Projects Ltd (BAPL) for setting up a new airport city project. This is to come up in the Durgapur-Asansol region, of Bardhaman district, at an estimated investment of Rs 10,000 crore (Rs 100 billion).
Underscoring the importance of industrialisation, West Bengal Chief Minister Buddhadeb Bhattacharjee said on Tuesday its pace would have to be increased to match the flow of investment, both from domestic and foreign ones.
Industry Secretary Sabyasachi Sen told PTI the Land and Land Reforms department had already acquired 1,000 acres and has ordered WBIDC to take possession of it.
'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
rediffGURU Chocko Valliappa offers crucial career advice to engineering aspirants.
The National Democratic Alliance was set to sweep the Bihar assembly polls, surging ahead in over 200 of 243 seats on Friday with the Bharatiya Janata Party emerging as single largest party with about 90 per cent strike rate, reaffirming the popularity and campaign clout of Prime Minister Narendra Modi, who was the face of the ruling alliance through the poll battle in the highly sensitive political state.
Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Herman will focus on growing its European and South East Asian market, Diederik Jansen, chief executive officer and seventh-generation owner of Herman Jansen, which has been producing spirits since 1777, told Business Standard.
Mitra's stout and vociferous protest to what most see as Tata's meandering and even affectionate critique has taken people by surprise.
The Enforcement Directorate (ED) on Wednesday conducted raids in three locations in and around Kolkata and again recovered large stacks of cash from a flat linked to Arpita Mukherjee, considered a close associate of arrested West Bengal Industry Minister Partha Chatterjee.
If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.
The West Bengal government may consider asking companies to directly purchase land for all industrial projects, including the Salim group's proposed SEZ.
The veteran Communist Party of India-Marxist leader is likely to undergo a few tests later in the day, which will help in ascertaining the severity of the infection in his lungs that landed him in the hospital on Saturday afternoon.
'States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.'
If he cannot do it this term by using his bureaucracy and experts from different fields, it will be a tragedy, asserts Ramesh Menon.
India's fresh restrictions on limiting access to Bangladeshi exports appear to be in response to Dhaka denying certain value-added items from the Northeast to enter that country through the land transit points.
rediffGURU Nayagam PP, career counsellor and the founder of EduJob360, counsels students and aspiring professionals about how they can make the right career decision.
Left to its machinations, the BJP would have loved to cut Nitish down to size, but it can't afford to do so as the JD-U is in alliance with the BJP at the Centre, and cannot form a government on its own in Bihar. For now, both need each other: Nitish for legitimacy, the BJP for numbers, points out Ramesh Menon.
