Air India is once again putting up some floors of its iconic sea-facing Mumbai headquarters building in Nariman Point for rent. After the dull response to its first attempt at leasing 12 of the 23 floors (1,59,000 sq. ft) in its building in October last year, the debt-laden national carrier has now invited fresh bids, the second time in the last five months.
Author: admin (Infratructure Today)
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Police security strengthened at Mumbai’s Juhu airport
Security at Mumbai's Juhu airport finally got some boost after the local police sanctioned around 30 police personnel to guard the perimeter area. The airport has been battling severe security issues for the last few years with neighbouring slums spilling into the operations area.
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Shifting of AIE headquarters to Kochi still incomplete
The much-hyped shifting of Air India Express (AIE) headquarters to Kochi remains incomplete though the low-budget wing of the national carrier seems to have achieved significant improvement in schedule integrity since January. The AIE headquarters was officially shifted here from Mumbai on January 1 but much needs to be done to complete the redeployment of the staff and finding a space for it.
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Shifting of AIE headquarters to Kochi still incomplete
The much-hyped shifting of Air India Express (AIE) headquarters to Kochi remains incomplete though the low-budget wing of the national carrier seems to have achieved significant improvement in schedule integrity since January. The AIE headquarters was officially shifted here from Mumbai on January 1 but much needs to be done to complete the redeployment of the staff and finding a space for it.
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Uncertainty over compensation in Kannur airport project
Uncertainty looms large over fixing compensation for civil structures, which will make way for construction of Kannur airport though steps for the third phase of land acquisition are nearing completion. During the second phase of land acquisition, the value of buildings was assessed on the basis of Public Works Department (PWD) rates in 2008-09.
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RBI for steps to prevent money laundering
Reserve Bank Governor Duvvuri Subbarao on March 22 said some corrective steps will be taken to strengthen the banking system which according to him is largely safe. Subbarao's statement come amid allegations of money laundering in leading private sector banks.
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‘Direct benefit transfer,’ focal point at bankers meet in Kerala
At a State-level bankersĂâ committee meeting held in Thiruvananthapuram on March 26 Direct benefit transfer (DBT) shared limelight along with financial inclusion, and education-MSME-farm sector loans. RK Dubey, Chairman and Managing Director, Canara Bank, set the ball rolling at the 109th meeting of the SLBC by saying banks needed to speed up rollout of DBT in the State.
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TN’s bank deposits touch Rs 4.11 lakh crore
In Tamil Nadu, the total deposits of the banks has touched Rs 4,11,478.29 crore with a year-on-year increase of 14.27 per cent by December, 2012. The credit portfolio has experienced an increase of 21.67 per cent during the same period and reached Rs 5,01,143.48 crore, according to the State Level Bankers' Committee (SLBC).
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Barclays Capital expects RBI to cut rates by 50 bps
Barclays Capital feels that Reserve Bank of India (RBI) may reduce policy repo rate by another 50 basis points by mid 2013 in order to support economic growth. The brokerage interpreted RBI's policy statement on March 19 as being "balanced", and not the hawkish tone that markets have interpreted
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Rs 1.14 trillion budget passed in Gujarat Assembly
The Rs 114,450 crore budget of Gujarat government for the year 2013-14 was recently passed at the state assembly with majority voice vote. The budget levies new taxes of Rs 289 crore, while it gives tax relief of Rs 245 crore in different sectors. The budget proposes to generate surplus of Rs 840.45 crore. The state government presented the budget on February 12, 2013. The budget focuses on development of so