The March 7 judgement of the Supreme Court, which allowed for the development of 600 acres of mill land in and around Parel, in the heart of Mumbai, frees up huge tracts of land for development ensuring a massive infusion of funds. The effects may rub off on areas surrounding the mills. Considering that the phenomenal rise in prices of property, which the Mumbai market has witnessed in recent...
Even as the government harps on the virtues of paying taxes, fake cards of Permanent Account Numbers (PAN) are proliferating. In December 2005, a top Income Tax official told this writer that the number of PAN cards issued is nearly twice the number of Income Tax assessees. We now know that 43 million PAN cards have been issued, while the last available data with this writer indicates that...
Bajaj Allianz claims to have become number one, beating ICICI Prudential for market leadership among private life insurers. It claims the most consistent, month-on-month growth. But ICICI Prudential disputes almost all of Bajaj's claims.
The main bone of contention is UnitGain Single Premium product of Bajaj. This had no lock-in and was more like a mutual fund. It propelled Bajaj to the top...
