Alstom bags Rs 700 crore contracts from Mumbai, Pune metros
MUMBAI: Rail transportation major Alstom has bagged Rs 700 crore contracts to the Mumbai and Pune metros, under which it will supply communication-based train control technology to three upcoming lines in the megapolis and two upcoming lines in second largest city in the state. The Rs 700-crore contracts include equipping the Mumbai metro lines 2A […]
IL&FS crisis: ED files PMLA case, conducts raids in Delhi-NCR, Mumbai
NEW DELHI: The Enforcement Directorate (ED) on Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said. They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) […]
Mumbai: IDBI to auction Kimaya owners’ 12,000 sq ft Bandra property
MUMBAI: State-run IDBI Bank will auction a 10-bedroom, 12,200 sq ft penthouse in Bandra. The property of Pradeep Hirani was taken over by the bank under Securitisation and Reconstruction of Financial Assets and Enforcement (Sarfaesi) Act last October, after he defaulted on a loan. Hirani owes Rs 30.7 crore, including interest, to the bank, according […]
Rustomjee, Ikea to offer furnished homes near Mumbai, eye Rs 700 crore revenue
NEW DELHI: In a first, the Swedish furniture retailing giant Ikea has partnered with the city-based developer Rustomjee to offer designer, furnished homes at upcoming township project Global City at Virar near here. The home furnishing and accessories major Ikea will design around 1,200 units of 1& 2 BHK apartments priced between Rs 41 lakh […]
BEST bus strike to continue in Mumbai for the fourth day today
NEW DELHI: The indefinite strike by employees of the city’s civic transport undertaking Brihanmumbai Electric Supply and Transport (BEST) will continue Friday, as talks between union leaders and officials remained inconclusive. Shiv Sena president Uddhav Thackeray, whose party controls the Brihanmumbai Municipal Corporation (BMC), met the BEST union leaders in the presence of Mayor Vishwanath […]
Implementation of act for welfare of construction workers ‘complete flop’ in Mumbai
NEW DELHI: The Supreme Court of India on Thursday said it was “shocking” that out of about 70,000 registered building and construction workers in Mumbai, only 11,000 have got the benefit of an act meant for their welfare and its implementation was a “complete flop”. The court was informed by the counsel appearing for Maharashtra […]
LIC, GIC show interest in buying Air India building in Mumbai
MUMBAI: Even as the government is yet to take a call on putting the 23-storeyed Air India building in the tony Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinced interest in the prime property, a senior airline official said on Friday. It can be […]
Air India eyes Rs 800 crore from sale of over 70 properties
MUMBAI: Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan approved by the then UPA government in 2012. As […]
SEBI declares highest bidders for Pancard Clubs’ properties in Mumbai, Udaipur, other places
NEW DELHI: Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday declared the highest bidders for four properties belonging to Pancard Clubs for a combined bid value of over Rs 54 crore, as part of its efforts to recover investors’ money. The properties include office spaces in Mumbai suburban area, a resort in […]
Extremely unfortunate that 5,000 construction workers in Mumbai not registered
NEW DELHI: The Supreme Court of India Monday said it was “extremely unfortunate” that around 5,000 construction workers in Mumbai were not registered under an Act meant for their welfare and directed the Maharashtra government to take action against builders and contractors in this regard. A bench headed by Justice Madan B Lokur asked the […]
Gujarat plans more RoRo ferry services, some upto Mumbai
GANDHINAGAR: Gujarat Chief Minister Vijay Rupani has announced in the Legislative Assembly on Wednesday that his government is planning to start seven or eight new RoRo ferry services. Some of these ‘Roll On Roll Off’ (RoRo) services could be extended upto Mumbai, he said, while responding to a question about Ghogha-Dahej ferry service. RoRo ferry […]