Latest news with #Hiranandani
Indian Express
4 days ago
- Entertainment
- Indian Express
Kishore Kumar refused to give bribe to get National Award nomination, recalls son Amit: ‘The remake of his film in Tamil won the award'
Actor, singer, and filmmaker Kishore Kumar's legacy in Hindi cinema is unparalleled. Despite leaving an indelible mark that inspired generations, the all-rounder of Hindi cinema never received a National Award. In a recent interaction, his son Amit Kumar spoke about an incident that took place after the release of Kishore Kumar's film Door Gagan Ki Chhaon Mein, when the legendary artist was asked for a bribe in exchange for a National Award nomination. What followed reflected Kishore Kumar's strong principles. In a recent conversation with Vickey Lalwani, Amit admitted that there was buzz around Door Gagan Ki Chhaon Mein being considered for a National Award. 'Yes, the film was recommended for National Awards.' When asked whether Kishore Kumar was asked for a bribe just to get nominated, Amit shared, 'Somebody from the Ministry in Delhi had called my father. At that time, films like Haqeeqat, Dosti and Door Gagan Ki Chhaon Mein were being considered. They told my father, 'If you give something then we can get you nominated.' My father was like, 'Why are you after my life? My film is a hit.'' Amit revealed that the film ran for 23 weeks at Super Cinema (a theatre) in Mumbai and also celebrated a silver jubilee in Delhi and Uttar Pradesh. However, when the box office collections began to dip slightly after the 23rd week, the film's distributor, Hiranandani, urged Kishore Kumar to consider giving in to the bribe demand, arguing that a nomination would generate more buzz. But the actor-filmmaker firmly refused. Recalling his father's reaction, Amit said, 'He said, 'Chalo hatao. This film gave me a lot of trouble. It already took 4 years to make this.'' He added that the film was a success primarily due to strong word of mouth. Amit also revealed the biggest irony — Kishore Kumar had sold the rights of the film, and it was later remade in Tamil as Ramu, starring Gemini Ganesan. That version went on to win the National Film Award for Best Feature Film in Tamil. Door Gagan Ki Chhaon Mein was directed, written, and produced by Kishore Kumar. He also played the lead role in the film. The movie starred veteran actress Supriya Devi and a young Amit Kumar. It was an adaptation of the American film The Proud Rebel.
India Today
22-05-2025
- Business
- India Today
How new Maharashtra housing policy will bridge urban-home supply deficit
Maharashtra's new state housing policy, which targets the construction of 3.5 million affordable homes by 2030 at an investment of Rs 70,000 crore, has been hailed by experts as a big step towards addressing the housing shortage in the state, especially Mumbai, improving the urban landscape, and creating large-scale employment. The policy was approved by the state cabinet on May 20.'The state housing policy is a visionary move that aligns with Maharashtra's aspirations to cement its position as India's economic powerhouse,' says Niranjan Hiranandani, chairman of the Hiranandani comprehensive plan, with strategic emphasis on rental housing for working women, students and industrial workers, is a transformative step towards addressing the urgent need for affordable urban housing, Hiranandani such as the walk-to-work model near employment hubs, supported by robust multi-modal infrastructure and last-mile connectivity, will catalyse industrial and commercial real-estate, paving the way for an integrated urban development model. 'Over time, this will generate tremendous demand for residential real estate, including townships and cluster developments,' Hiranandani added. As per the policy, homes will be constructed for economically-weaker sections and lower-income group categories under the 'Majhe Ghar-Majhe Adhikar' policy. Describing the policy as a 'game-changer', deputy chief minister Eknath Shinde, who also serves as the housing minister, said the initiative will push Maharashtra's goal of becoming a $1 trillion economy. advertisement'This policy aims to provide affordable, sustainable and inclusive housing for the weaker sections of society, including senior citizens, working women, students, industrial workers, journalists, the differently-abled and ex-servicemen,' Shinde manage the data on housing demand-supply, the state will create a State Housing Information Portal, which will also manage geo-tagging of homes, funds distribution, land acquisition by district, and coordination with agencies such as MahaRERA (Maharashtra Real Estate Regulatory Authority), Mahabhulekh (Maharashtra Bhumi Abhilekh) and PM Gati Shakti, Shinde added. Maharashtra is India's most-important real-estate market. According to PropEquity, a data analytics firm, it was the leader among the top 10 states for the period 2017-2024, with its 48,047 projects constituting 40 per cent of the total registered projects in these states. Next was Tamil Nadu (19,987 projects, 17 per cent share) followed by Gujarat (16,265 projects, 14 per cent share).The housing policy focuses on developing homes near employment centres, especially in industrial areas. Around 10-30 per cent of the land reserved for amenities in MIDC (Maharashtra Industrial Development Corporation) areas will be designated for residential use. All metropolitan region development authorities will be required to implement inclusive housing projects, Shinde said the introduction of self-redevelopment cells, a dedicated Rs 2,000 crore funding for redevelopment projects, and streamlined compliances will unlock redevelopment opportunities in land-constrained cities of the state and resolve stalled CSR (corporate social responsibility) utilisation and the Rs 20,000 crore MahaWas Niwas Nidhi fund signify a commitment to creating slum-free cities, ensuring social-housing projects and better living standards for citizens. Collaborative support from reputed knowledge partners, such as IITs, IIMs and urban research institutes, reinforces a sustainable, tech-enabled and future-ready development framework, said provisions such as IT-based monitoring, incentive FSI (floor space index) for rehab areas and enhanced legal safeguards, the policy fosters transparency, aims to accelerate project timelines, and boosts investor confidence. Inclusivity, affordability and resilience form the cornerstone of the policy, essential for driving Maharashtra's real-estate index upwards and ensuring long-term economic growth, Hiranandani added.'The new housing policy is a forward-looking initiative that addresses both the urban housing deficit and the needs of vulnerable segments of society,' said Shraddha Kedia-Agarwal, director, Transcon Developers. By setting a goal to build 3.5 million homes and enabling infrastructure through the MahaAwas Fund, the state government is laying a solid foundation for holistic growth, women-centric housing planning and improved livability across Maharashtra, she to India Today Magazine
Economic Times
09-05-2025
- Business
- Economic Times
Hiranandani, Krisala, Della Resorts ink development pact for 40 acres in Pune's Hinjewadi
Agencies Representative Image Realty developer Hiranandani Communities and Krisala Developers' joint venture has entered a pact with Della Resorts & Adventures to develop a mega township spread over 40-acre land parcel in Pune's Hinjewadi is part of a larger development spread over 105 acres for which Hiranandani has inked a pact with Krisala Developers to be developed under the Maharashtra government's new integrated township policy. Maharashtra's integrated township policy is a framework that encourages large-scale planned townships to be developed by private players to reduce pressure on major cities while promoting sustainable urbanization. The project, which will see development of luxury villas, resorts, an 8-acre racecourse and an international poli club, is expected to have a revenue potential of Rs 1,100 crore on the back of Rs 500 crore investment. The entire 105-acre township will entail an investment of Rs 2,000 crore and have a revenue potential of around Rs 7,000 crore. The development agreement between Della Resorts & Adventures and Hiranandani Group-Krisala Developers will be based on Conceptualisation, Design, Development, Marketing and Operations (CDDMO) model. This is for the first time a hospitality-led model like this being used in India. As per the CDDMO model, Della Resorts & Adventures will get a 15% of the project's topline as fees, 6% for hospitality operations in addition to 25% sweat equity in the hospitality business, Jimmy Mistry, founder & chairman, Della Resorts and Adventure, told ET.'We have already tied up with five developers under this new CDDMO model and in the process of forming an alliance with five more. In total, we are looking at a total 10 such projects worth Rs 20,000 crore in Pune, Nashik, Alibaug, Goa, Indore and Chennai in the current financial year itself,' Mistry to Niranjan Hiranandani, chairman, Hiranandani Communities, the company will be working a lot more in collaborations with local developers and innovators going forward as it plans to foray into different segments including redevelopment and even slum rehabilitation.'As the preferences of modern homebuyers continue to evolve, property developers are being nudged to collaborate with allied industries to create innovative ecosystems tailored to meet the needs of aspirational Indian homeowners,' Hiranandani said. The Indian real estate sector is witnessing a rising trend of joint development agreements as developers and landowners have been seeking capital-efficient growth strategies amid evolving market dynamics. With high land acquisition costs and issues related to clear titles, developers are increasingly partnering with landowners to unlock land value without upfront purchases, while landowners benefit from profit-sharing or revenue-based models instead of outright surge in joint development agreements is particularly visible in key property markets including Mumbai, Pune, Bengaluru and Delhi-NCR, where high costs make such collaborations financially viable. Ends
Time of India
08-05-2025
- Business
- Time of India
Biden-era US AI chip rule looms large over India's GPU ambitions
US curbs on advanced AI chip exports, set to begin May 15, have alarmed Indian cloud and data centre firms. Under new limits, India may import only up to 50,000 GPUs, potentially crippling AI development. Industry leaders urge the government to seek exemptions and clearer processes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian cloud companies and data centre providers are on edge as the United States' new rules restricting export of advanced AI chips—including graphics processing units (GPUs)—take effect next Artificial Intelligence (AI) Diffusion Framework may severely impact India's ability to import high-end chips like Nvidia's B200, with estimates suggesting a limit of just 20,000 units under the proposed total processing performance (TPP) limit, industry insiders want the government to take up the issue with the US authorities.'We need more processing power,' Darshan Hiranandani, chairman and cofounder of data centre service provider Yotta , told more than a billion population and one of the largest user bases for the likes of OpenAI and Microsoft—has the same quota of processing power as a country with three million population, he pointed out.'Though the fact that India is within the 50,000 GPUs threshold is comforting, we are a large data market. There is a lot of uncertainty and that is concerning,' Hiranandani are also finding the compliance process US policy—notified by the previous Joe Biden government—seeks to protect the country's AI leadership and national security by limiting global supply of advanced AI chips , which are controlled by US firms like Nvidia, AMD and per the policy, India is among Tier-2 countries where besides volume caps, transactions that could contribute to development of advanced AI models would require validated end user (VEU) the proposed TPP cap, if India opts for Nvidia B200 , the country can buy only up to 33,000 GPUs while the number would drop to 27,000 GPUs in the case of B300, explained Piyush Somani, founding chief executive of Cloud company ESDS Software it is GB200, then India can buy only up to 25,000 GPUs, and if it is H200, then the country can buy up to 50,000 GPUs, said Somani, who is also the president of industry body Cloud Computing Innovation Council of our foreign ministry, we need to ask for special exemption for India, he limitation could significantly impact Indian AI developers who rely on these powerful GPUs for training complex AI models. They might be forced to depend on overseas cloud providers, incurring higher costs compared to utilising locally hosted infrastructure, experts should either be in a Tier-1 category with no GPU import limits, or the country's quota within Tier-2 should be adjusted based on factors like population size, digital adoption, and the strong, friendly relationship India has with the US, Sunil Gupta, cofounder and chief executive of Yotta Data Services, is hopeful that the US would ease the restrictions. 'Given that this is a notification by the previous administration in the US, I am hopeful that US companies like Nvidia, Intel and AMD—along with global cloud providers like Amazon, Microsoft and Google—will work with the current administration and have this streamlined as the stakes are much higher for them across the world," he executive from an Indian cloud company highlighted the uncertainty surrounding import processes post May 15 when the new rules come into effect.'Even if you want to buy it now it has become ridiculously complex, and from May 15, when the US' AI Diffusion Framework comes into effect, we don't know what the process is and how to import it,' the executive said. 'Despite the narrative that India is within the 50,000 GPUs threshold, there is a massive process. None of the companies know how to import.'The overarching concern remains the TPP limit, which could stifle India's ability to access the most advanced AI hardware necessary for future growth and innovation.'The restriction that we have right now is very onerous because we cannot have the flexibility for the future without this restriction going up,' said Prateek Jhawar, managing director and head of infrastructure and real assets investment banking at Avendus company is advising bidders in the IndiaAI Mission GPU tender like NxtGen, and is closely monitoring these developments and their potential impact on the market.'Fifty thousand GPUs can be consumed very quickly in very few developments essentially, and then you are locked out as a country completely,' Jhawar May 15 approaches, the Indian AI community awaits clarity on the final form of the US AI Diffusion Framework and its long-term implications for the nation's technological aspirations.
India.com
05-05-2025
- Business
- India.com
Meet man, Niranjan Hiranandani, a Billionaire who takes up Milind Soman's challenge at 75 and surprises everyone by…, challenge was to…
Niranjan Hiranandani has made headlines but this time not anything related to his business but also for his fitness. At 75, Hiranandani accepted a fitness challenge from Milind Soman and performed 20 push-ups alongside him. The video of them performing push-ups together has gone viral on social media. Who Is Niranjan Hiranandani? Niranjan Hiranandani is the co-founder and managing director of the Hiranandani Group, one of India's leading real estate developers. The group is a big player in the real estate sector. Its projects like Hiranandani Gardens in Powai and Hiranandani Estate in Thane are famous. The group also operates in healthcare, education, and hospitality. His net worth is around $1.6 billion and he is among the richest persons in India. Niranjan Hiranandani At 75 Hiranandani shocked everyone when his video of performing push ups went viral. He took on Milind Soman's challenge to perform 20 push-ups and complete it successfully. The video of this moment, shows both Hiranandani and Soman doing push-ups together, has been widely shared on Instagram. Niranjan Hiranandani also known for his philanthropic activities. He graduated in commerce and is a qualified Chartered Accountant. He co-founded the Hiranandani Group in 1978 with his brother, Surendra Hiranandani. Together, they changed the Indian real estate market and established one of the largest real estate development companies in the country. At an age when most people find various difficulties, Hiranandani has shown his enthusiasm.
