Mumbai

THE 11th Kashish Mumbai International Queer Film Festival, which goes digital this month, has run into some rough weather. Brand ambassador Celina Jaitly announced she’s distancing herself from it. Moreover, the festival’s marketing director Pallav Patankar says he has been asked to quit, although the official announcement indicated he has resigned. Trouble began when TISS student Kris Chudawala raised anti-CAA slogans at a pride solidarity gathering in February. Patankar took a stand against Chudawala, who was later charged with sedition. The transgender community backed Chudawala and called for a boycott of the festival. Even Jaitly was trolled. “Kashish has always stood for equality and dignity for everyone. So, it is disconcerting to find the festival caught in the crossfire between various factions of the LGBTQIA+ community,” said festival director Sridhar Rangayan. … [Read more...] about Celina Jaitly distances herself from Kashish Mumbai International Queer Film Festival

MUMBAI: Lenders have approved a Rs 490-crore bid by Vrihis Properties—a Brookfield company—for two floors of office space owned by the now bankrupt Jet Airways in Bandra-Kurla Complex.As the sole bidder, the Canada-based private equity fund had bid at the reserve price and did not face competition, banking sources said.At that price, the 1.7 lakh sq ft office space in Godrej BKC Building works out to Rs 29,000/sq ft.Bankers said it was a good price given the market conditions and uncertainty over real estate prices. Its sale was delayed as although lenders had initiated bankruptcy proceedings, the floors were mortgaged to HDFC.Jet bid Rs 826 crore for plot in 2008Bankers are unlikely to get the sale’s proceeds. Bulk of funds will go to HDFC and a small amount will clear airline debts from US Exim Bank.Jet Airways, which shut down last year, had bid Rs 826 crore during an MMRDA auction to develop the BKC plot in 2008. The cash-strapped airline later tied up with Godrej … [Read more...] about Mumbai: Lenders approve Rs 490 crore bid for Jet Airways’ BKC office

Even the BCCI did not apply the Lodha reforms in toto and convinced the Supreme Court on the 'One State One Association' reform which saw it retain full membership of historic associations like the Mumbai Cricket Association, the hockey legends pointed out to Rijiju, Batra and Ahmad in their letter. … [Read more...] about Does the IOA want to finish Mumbai hockey?

Hiranandani says they will offer wholesale co-location services to hyper-scale Cloud operators, and tech services (public or private Cloud, hybrid Cloud, SAP hosting, managed services, pay-as-you-use services on opex) to enterprise customers. … [Read more...] about Hiranandani Group opens giant data centre in Mumbai

State Housing Minister Jitendra Awhad on Thursday announced a stress fund to provide liquidity for completion of stalled Slum Rehabilitation Authority projects and a series of steps that are expected to speed up approvals process, grant relaxations to developers in premium payments. “We are talking to State Bank of India and other banks in this regard. The state government will infuse Rs 700 to Rs 1000 crore, and the rest of the funding will come from the banks. The stress fund will be managed by Shivshahi Punvarvasan Prakalp Ltd (SSPL),” Awhad said, adding that Chief Minister Uddhav Thackeray had given his approval and the proposal would be soon placed before the state cabinet for approval. When reporters pointed out that a similar funding scheme jointly managed by SSPL and SBI had failed to take off in last three years , Awhad said, “We are going to revalidate the scheme and make changes to ensure that it does not go waste,” he said. He said 370 SRA projects … [Read more...] about Stress fund, quicker approvals to fastrack SRA projects