This would be the fourth time the New Delhi Municipal Council would be giving an extension. The auction of The Taj Mahal Hotel (popularly Taj Mansingh hotel) in New Delhi is not likely to be finalised before the second half of this year. The New Delhi Municipal Council (NDMC) is considering a lease extension of at least four months to the Taj group. The lease for the property would expire by March 31.“We would wait for the home ministry’s direction till the last moment so we ... Rediff.com, 1 month ago
The Tata group, which had been on an acquisition drive for a few years, seems to have reversed its stance and gone for an asset-light strategy under Chairman Cyrus Mistry. Looking to reduce its companies’ debt and generate cash for them, the group, which has already sold one of Tata Power’s Indonesian coal mines for $500 million, could be considering more assets to offload.It is said to be looking at raising funds by selling a South Africa-based asset, owned by Tata Communications, ...Rediff.com, 2 months ago
Barely a week after grounding a Cessna 525A owned by Punjab Deputy Chief Minister Sukhbir Singh Badal-promoted Orbit Aviation, the Directorate General of Civil Aviation (DGCA) in its safety audit of non-scheduled operators (NSOPs) has grounded two more business jets belonging to SpanAir and Business Jet India Private Limited for violating safety norms. Union Urban Development minister Kamal Nath’s family owns a stake in SpanAir. The air charter services firm is reportedly run by his ...Rediff.com, 2 days ago
A year ago after addressing a press conference and replying to a barrage of questions at a five-star hotel in Delhi, four time UP Chief Minister Mayawati retired to an adjacent room skipping a normal practice to mingle with news hounds informally during ...DNA, 2 weeks ago
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