All posts tagged: Acquisition

SC ends 18-year land row, saves 16 Greater Noida homes from acquisition

SC ends 18-year land row, saves 16 Greater Noida homes from acquisition

For nearly two decades, a cluster of modest homes in Greater Noida existed in a state of uncertainty. The dispute stemmed from a 2007 acquisition of about 230 hectares, with the court allowing homeowners to seek civic amenities on payment of development charges. (HT Archive) Built on tiny plots measuring between 100 and 200 square yards, these houses belonged to families that had poured their savings into securing a roof over their heads. Since 2007, however, the homes stood in the shadow of a land acquisition drive launched by the Uttar Pradesh government for Greater Noida’s industrial expansion. By an order released on June 25, the Supreme Court finally brought that uncertainty to an end. Invoking its extraordinary powers under Article 142 of the Constitution to do “complete justice”, a bench comprising Chief Justice of India Surya Kant and Justice V Mohana exempted the houses of 16 homeowners from acquisition, even while leaving intact the acquisition of the remaining land for public purposes. The ruling marks the culmination of an 18-year legal battle that began when …

Land acquisition for phase 3 of Noida International Airport expansion underway

Land acquisition for phase 3 of Noida International Airport expansion underway

The Gautam Budh Nagar district administration is carrying out acquisition of 2,053 hectare of land for the third phase of the Noida Airport project expansion, said administrative officials on Sunday. ₹5,500 crore compensation has been already distributed to 8,000 farmers for the land in the third phase of Noida international airport. (HT Archive) This total land is owned by 12,000 farmers. “ ₹5,500 crore compensation has been already distributed to 8,000 farmers for the land in the third phase of Noida international airport,” said Bachchu Singh, additional district magistrate Gautam Budh Nagar told the media on Sunday. Compensation to the remaining 4,000 farmers will be distributed shortly in two phases, officials said. “After this, the district administration will take possession of the land and hand it over to the Civil Aviation Department. In this phase of the project, two runways and a civil aviation industry will be set up,” said Singh. This land is spread over various villages, including Neemka Shahjahanpur, Khwajapur, Parohi, Kishorepur, Banwaribans, Jewar Bangar, Mukimpur Shivara, Sabuta, Ahmadpur Chavroli, Dayanatpur, Rohi and Bankapur, …

160 farmers give consent for land acquisition in Third Mumbai, but opposition brews | Mumbai News

160 farmers give consent for land acquisition in Third Mumbai, but opposition brews | Mumbai News

3 min readMumbaiJun 23, 2026 02:28 AM IST Almost a month after the MMRDA opened the floodgates of land acquisition for Third Mumbai, around 160 farmers have pledged their land of 118 hectares for the project. Largely consisting of small farmers with a few gunthas of land to their name, officials said these farmers have overwhelmingly chosen the option to get 22.5% of their land in developed areas as their means of compensation, a leap of faith in the city whose realisation is a good decade away. The challenge in front of the MMRDA, however, looms large. The area under Third Mumbai is 323.44 sq km large, of which 104 sqkm is developable, accounting for mangroves, forest, etc. Of this, 118 hectares – 1.18 sqkm – represents a little over a percent of the total area to be acquired. Even as consent is trickling in, opposition against the ambitious city planned in the influence area of the Navi Mumbai International Airport and the Atal Setu is growing. “The Koli-Agri community here depends on their land …

Paramount’s 0 billion acquisition of Warner Bros cleared by US Department of Justice; what it means for Hollywood

Paramount’s $110 billion acquisition of Warner Bros cleared by US Department of Justice; what it means for Hollywood

The planned $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corp has been cleared by the U.S. Justice Department’s Antitrust Division after its findings showed it was ‘unlikely to harm competition or consumers’. Entertainment giant Paramount has been cleared for takeover bid for Warner Bros. Discovery worth $108.4 billion. (Getty Images via AFP) DOJ clears Paramount’s acquisition of Warner Bros On Friday, the Department of Justice (DOJ) said it spent eight months evaluating how the transaction would affect streaming video services, traditional television and the film industry, weighing input from across the entertainment industry. “The extensive investigatory record reviewed by the Division suggests that the impact of the transaction will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers,” the Justice Department wrote in a statement. Paramount issued a statement thanking the DOJ for its review of the transaction. “We remain focused on completing the transaction as soon as possible and delivering its benefits to consumers, creators, and the entertainment industry as a whole,” Paramount …

Did Jeff Bezos’ rumoured bid for Vogue inspire The Devil Wears Prada 2’s billionaire acquisition plot? Writer reveals

Did Jeff Bezos’ rumoured bid for Vogue inspire The Devil Wears Prada 2’s billionaire acquisition plot? Writer reveals

The Devil Wears Prada 2 has been praised for its relevance in today’s time. The sequel, made 20 years after part 1, addresses issues such as layoffs, journalistic ethics, the death of print, and even billionaires buying and selling media groups. The last of these is said to have been inspired by Jeff Bezos’ rumoured plan to buy Conde Nast, the parent company of Vogue. However, the film’s screenwriter, Aline Brosh McKenna, calls it just a coincidence. Justin Theroux plays Benji Barnes in The Devil Wears Prada 2, a character that has similarities with Jeff Bezos. Did Bezos inspire The Devil Wears Prada 2? The Devil Wears Prada 2 sees Anne Hathaway‘s Andy Sachs return to Runway, the fictitious fashion mag modelled after Vogue. She must again work with Miranda Priestly (Meryl Streep) as the magazine’s leadership undergoes a sea of change. In the film, the fictional fashion magazine Runway faces a potential sale to a tech billionaire played by Justin Theroux, which, the writer says, represents a growing tension between creativity and profit. “There’s …

‘Exclusion’ row turns spotlight on Kerala’s spending for NH land acquisition

‘Exclusion’ row turns spotlight on Kerala’s spending for NH land acquisition

The row over the ‘exclusion’ of Public Works Minister Mohamed Riyas from the inauguration of the National Highway (NH) 66 development projects attended by Prime Minister Narendra Modi in Kochi has once again turned the spotlight on Kerala’s claims with respect to the land acquisition cost borne by it for making this major infrastructure initiative a reality. Kerala had paid ₹5,580.74 crore as cost of land acquisition for the widening of the NH 66. This sum was also mentioned by Union Road Transport and Highways Minister Nitin Gadkari in the Rajya Sabha in reply to a question on the contribution of States towards NH development. Further, the Kerala government had on multiple occasions requested the Centre that it be allowed an additional borrowing of ₹6000 crore over the net borrowing ceiling for bearing 25% of the land acquisition cost of the NH development. In December 2024, Finance Minister K.N. Balagopal, in a meeting with Union Finance Nirmala Sitharaman, had stated that the approved amount for this purpose is ₹6,769 crore and that the State has …

SIT to probe ‘irregularities’ in land acquisition in Nandurbar | Mumbai News

SIT to probe ‘irregularities’ in land acquisition in Nandurbar | Mumbai News

2 min readMumbaiMar 10, 2026 12:29 AM IST The Maharashtra government will constitute a Special Investigation Team (SIT) to probe the alleged irregularities and corruption in the land acquisition and subsequent mutation process at Mouje Gangapur in Nandurbar. Announcing this in the Maharashtra Legislative Council on Monday, Revenue Minister Chandrashekhar Bawankule stated that no one will be spared in the investigation. The probe will cover the alleged acceptance of an irregular gift deed (baksis patra) and the unauthorised mutations carried out in violation of established rules and procedures. Bawankule was replying to a Calling Attention Notice moved by MLC Chandrakant Raghuvanshi. Highlighting the technical violations in the case, Bawankule said: “There are clear rules governing to whom government or restricted land can be gifted. In this instance, there is no familial or legal relationship whatsoever between the original landowner and the person in whose favour the gift deed was executed. Despite this fundamental mismatch, the revenue machinery accepted the document and carried out mutations. This indicates the existence of a well-organised racket operating right from …

Netflix walks away from Warner Bros deal, Paramount emerges winner after ‘superior’ 1 billion bid

Netflix walks away from Warner Bros deal, Paramount emerges winner after ‘superior’ $111 billion bid

For months, Netflix had been considered the favourite to close its deal to acquire Warner Bros Discovery, one of the biggest entities in Hollywood. Ever since the streaming giant had disclosed its $72-billion bid for the studio and its titles, the industry had been bracing for the takeover. But on Thursday, Netflix abruptly walked away from the deal after rivals Paramount Skydance raised their offer. This stunning move effectively puts Paramount in a position to take over its storied Hollywood rival. A drone view shows The Warner Bros. studio lot in Burbank, California, U.S., December 8, 2025. REUTERS/Mike Blake/File Photo (REUTERS) Netflix drops out of race for Warner Bros Warner Bros board announced on Thursday that Skydance-owned Paramount’s latest offer to buy the entire company for $31 per share was superior to the agreement it had previously struck with Netflix. Almost immediately after that, Netflix announced it would not raise its proposal. It said the new price it would have to pay to acquire Warner would make the deal “no longer financially attractive.” In a …

Netflix CEO Ted Sarandos hits back at James Cameron for calling streamer’s acquisition of Warner Bros ‘disastrous’

Netflix CEO Ted Sarandos hits back at James Cameron for calling streamer’s acquisition of Warner Bros ‘disastrous’

Netflix CEO Ted Sarandos is not happy with James Cameron’s letter against the streaming platform over its bid to acquire Warner Bros studio and terming it “disastrous”. Pushing back against the remarks, Sarandos said he was “surprised and disappointed” that Cameron chose to align with what he described as a disinformation campaign surrounding the proposed deal. Netflix’s Ted Sarandos wrote a letter to defend his company’s plans for movies if its acquisition of Warner Bros. goes through, Ted Sarandos hits back at James Cameron Sarandos addressed Cameron’s remarks in a letter penned to Republican Senator Mike Lee of Utah, who chairs the Senate’s subcommittee on antitrust. He mentioned that an earlier letter from the director “knowingly misrepresents our position and commitment to the theatrical release of Warner Bros. films.” Sarandos’ letter follows an earlier note to Lee from Cameron, who said the sale of Warner Bros.’ film studio and streaming service to Netflix “will be disastrous for the theatrical motion picture business that I have dedicated my life’s work to.” “I recently read the letter …

Rajnath Singh-Led Top Defence Body Likely To Clear Acquisition Of 114 Rafale Jets, Key Meeting Tomorrow | India News

Rajnath Singh-Led Top Defence Body Likely To Clear Acquisition Of 114 Rafale Jets, Key Meeting Tomorrow | India News

Last Updated:February 11, 2026, 21:44 IST The Rafale proposal was cleared by the Defence Procurement Board last month and is expected to be taken up before moving to the PM-led cabinet committee on security for a final nod The planned Rafale acquisition aims to address the steep decline in the squadron strength of the Indian Air Force. (Image: PTI/File) India’s Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, is likely to approve 114 additional Rafale fighter jets for the Indian Air Force as it holds a key meeting on Thursday (February 12). The meeting will have major decisions on critical military platforms, with the agenda including proposals that could reshape combat capabilities of the armed forces amid growing security concerns. At the forefront is the likely approval of 114 additional Dassault Rafale jets for the Indian Air Force under the Medium-Role Fighter Aircraft (MRFA) programme. This proposal – cleared by the Defence Procurement Board last month – is expected to be taken up by the Defence Acquisition Council (DAC) before being forwarded to the …