New Delhi: With an aim of generating additional revenue through non-tariff measures, the Railways have sought Cabinets approval to go ahead with its ambitious plan of commercial utilisation of land. Though Railways had decided to construct multi-functional complexes (MFC) at stations as well as develop passenger terminals as world class stations in the PPP mode, the plan had come unstuck as it involved long-term leasing of land. "The long-term leasing...
12:56 PM, May 30, 2012
London: India does not figure among ArcelorMittal's top investment priorities as its $30 billion steel projects face long delays, Chairman L N Mittal said on Thursday. However, the country from where UK-based billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of the list in terms of priority because we see so much of potential and growth and we see the...
11:10 PM, May 10, 2012
Bhopal: Madhya Pradesh Health Director A N Mittal was on Thursday suspended after the state Lokayukta police carried out raids at his house and the residence of his subordinate Ganesh Prasad Kirar. Following the raids, Lokayukta officials said that Rs 38 lakh in cash, jewellery worth Rs 72 lakh and foreign currency of 3,000 Euros and 1,080 Australian dollars were recovered from Mittal's residence in the Shantiniketan area of Bhopal....
06:21 PM, May 10, 2012
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. "We continue to experience difficulties in India. My belief is that the Indian projects may not see the light for five to 10 years," Lakshmi Mittal told the company's annual shareholder meeting. Asked by Reuters later to expand on this view, Mittal said he might have overstated the...
10:52 PM, May 08, 2012
New Delhi: Chiefs of top telecom firms, including Bharti Airtel and Vodafone, will meet Union Telecom Minister Kapil Sibal on Wednesday evening to discuss their concerns following the TRAI's recommendations on spectrum auction. According to a Telecom Department official, the meeting will take place at Sibal's residence. It will have Sunil Bharti Mittal, chairman and managing director, Bharti Airtel, Vittorio Colao, chief executive, Vodafone Group, Jon Fredrik Baksaas, chief executive...
04:57 PM, May 02, 2012
New Delhi: Bharti Airtel India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings. Consolidated net profit fell to 10.06 billion rupees in the fourth quarter ended March from 14 billion rupees a year earlier, Bharti said on Wednesday. That missed the average estimate of 12.12 billion rupees in a survey of 19 analysts by...
10:34 AM, May 02, 2012
London: Indian steel tycoon Lakshmi Mittal and his family retained their top spot as Britain's richest for the seventh year in succession while the combined worth of the country's 1000 wealthiest individuals defied double-dip recession to reach record levels during the last year. Mittal, 61, and his family's worth came down by 4,814 million pounds, but they were still the richest in Britain with a net worth of 12.7 billion...
04:43 AM, Apr 29, 2012
Bathinda: Billionaire Lakshmi N Mittal on Saturday said decision-making in India is slow but he would not complain of policy paralysis. "We have businesses all over the world. I tell my guys don't complain about the policies, try to adopt...policies...We don't complain. We have tried to adapt to local policies. We will all have to adjust to the new policies here." But, he said, decision making was slow. "Surely things...
04:23 PM, Apr 28, 2012
New Delhi: They constantly interrupted each other to get in an urgent quip and often finished each other's sentences with perfectly timed guffaws. More than once they threatened to take over the interview as I tried to get in a word. They ignored me, of course. Note to self. When you are talking to two of India's most promising stand-up comics, Gursimran Khamba and Tanmay Bhat, you run the risk...
11:27 AM, Mar 27, 2012
The Ghantas (TheGhantas.com) celebrates and rewards the worst of Bollywood every year. The 2nd Annual Ghanta Awards rewarded the worst Bollywood films of 2011. The nominees were decided by a panel of experts and voting for the winners was done through a public, online vote that was held between Feb - March 16, 2012. The winners were announced at a ceremony at The Comedy Store, Mumbai on March 17 by...
06:27 PM, Mar 20, 2012
New Delhi: Railway Board Chairman Vinay Mittal has said that a fare hike will bolster the railway finances to a limited extent and the urgent need was to consolidate rather than expand. When asked if the current model of railways is a financially viable model, he said, "Trains run but we don't earn revenue because they are necessary." "We fulfill a huge social responsibility. There are still areas in the...
07:58 AM, Mar 14, 2012
Rajan Bharti Mittal, Vice Chairman and Managing Director of Bharti Enterprises, has said that Budget 2012 must provide a clear road-map for land acquisition and environmental clearance. ...
09:29 AM, Mar 09, 2012
Washington: Reliance India chairman Mukesh Ambani with a net worth of $22.3 billion emerged as the world's richest Indian in the Forbes list of billionaires featuring 48 Indians. India's top ten included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116) Anil Ambani (118) Dilip Shanghvi (124) Shashi & Ravi Ruia (133) and Kushal Pal Singh (153). Ambani, despite losing $4.7 billion in the...
07:45 PM, Mar 08, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
Barcelona: Indian mobile phone users will have to pay more if the service providers are charged for spectrum, which was earlier given free to the operators, Chairman of the country's largest telecom company Bharti Airtel Sunil Mittal has said. "We have been offering services with lower tariffs when we have not been charged for spectrum. Going ahead, if it (spectrum) will be charged, we will also have to charge the...
05:12 PM, Mar 02, 2012
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