87-831: Gujarat International Finance Tec-City , also called GIFT City , is a central business district under construction in the Gandhinagar district as suburb city of Ahmedabad in Ahmedabad Metropolitan Region in Gujarat , India. It is India's first operational greenfield smart city and international financial services centre, which the Government of Gujarat promoted as a greenfield project . In 2020 GIFT IFSC bagged 10th place in Finance Industry and top rank in emerging financial centres in
174-635: A Parsi shareholder Fardoonji Naoroji wanted him to change his editorial policy particularly in background of the Indian Rebellion of 1857 . However, Buist refused to change his editorial policy or give up his editorial independence. After a shareholder's meeting he was replaced by Robert Knight . In 1860, editor Robert Knight (1825–1892) bought the Indian shareholders' interests, merged with rival Bombay Standard , and started India's first news agency. It wired Times dispatches to papers across
261-621: A 19-storey luxury apartment complex in Bangalore crashed -- killing two workers and injuring seven -- all the English language and Kannada language newspapers, with the exception of TOI, called out the name of the construction company, Sobha Developers, which was a private-treaty partner. An article titled "reaping gold through bt cotton" -- which first appeared in the Nagpur edition of TOI in 2008 -- reappeared unchanged in 2011, this time with
348-663: A benchmark for the Page 3 social scene. The Times of India - and thereby the Bombay Times - are market leaders in terms of circulation . The name of this supplement contains the word Bombay, which is the older Portuguese name of the city. It is not retained in the new supplement Mumbai Mirror that comes with Times of India . In late 2006, Times Group acquired Vijayanand Printers Limited (VPL). VPL previously published two Kannada newspapers, Vijay Karnataka and Usha Kiran , and an English daily, Vijay Times . Vijay Karnataka
435-463: A commercial tower to set up back-office operations. They were allocated 28,000 square metres (300,000 sq ft) to develop the commercial tower with the likelihood of setting up an exchange office. According to The Times of India on 18 October 2014, the Bangalore -based Brigade Group would invest ₹ 5 billion (equivalent to ₹ 8.0 billion or US$ 96 million in 2023) over
522-668: A license to open in the International Financial Service Centre at GIFT city. On 5 December 2019, Business Standard reported that Bank of America opened a Global Business Services Center at GIFT. On 6 January 2020, Accor opened the first international hotel in GIFT City. On 20 January 2020, The Economic Times reported GIFT was ready to begin trading in rupee-dollar in the futures market . In July 2022, JPMorgan Chase , Deutsche Bank and Mitsubishi UFJ Financial Group opened new offices at
609-700: A newly built business district near the Potsdamer Platz . The city's historic center (home to the Reichstag building , as well as the Brandenburg Gate and most federal ministries) was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues,
696-457: A news feature and ensures positive coverage to the payer. In 2005, TOI began the practice of "private treaties", also called as "brand capital", where new companies, individuals or movies seeking mass coverage and public relations, major brands and organisations were offered sustained positive coverage and plugs in its news columns in exchange for shares or other forms of financial obligations to Bennett, Coleman & Company, Ltd. (B.C.C.L.) –
783-649: A petition to restrain and remove the management of Bennett, Coleman and Company. Based on the pleading, the Justice directed the Government to assume control of the newspaper which resulted in replacing half of the directors and appointing a Bombay High Court judge as the chairman. Following the Vivian Bose Commission report indicating serious wrongdoings of the Dalmia–Jain group, on 28 August 1969,
870-517: A problem that has morphed into ever-larger scale in India and recognised by India's SEBI authority in July 2009. Under an ad sales initiative called Medianet, if a large company or Bollywood studio sponsored a news-worthy event, the event would be covered by TOI, but the name of the company or studio that sponsored it would not be mentioned in the paper unless they paid TOI for advertising. In 2010,
957-466: A proposed spend of ₹ 500 crore (US$ 60 million), some of which the client said could only be paid with black money. B.C.C.L. has responded to the sting claiming that the video that was released by Cobrapost was "doctored" and "incomplete" and that the CEO Vineet Jain was engaged in a "reverse-sting" of his own to expose the undercover reporter during the filming of the video. The company
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#17327945749861044-468: A report by a subcommittee of the Press Council of India found that Medianet's paid news strategy had spread to a large number of newspapers and more than five hundred television channels. Critics state that the company's paid news and private treaties skew its coverage and shield its newspaper advertisers from scrutiny. The Hoot , a media criticism website, has pointed out that when a lift in
1131-599: A single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city. Midtown Manhattan is the largest central business district in New York City and in the United States. In Chicago , the Chicago Loop is the second-largest central business district in the United States. It is also referred to as
1218-602: A sizeable circulation in India and Europe. Subsequently, TOI saw its ownership change several times until 1892 when an English journalist named Thomas Jewell Bennett , along with Frank Morris Coleman (who later drowned in the 1915 sinking of the SS Persia ), acquired the newspaper through their new joint stock company, Bennett, Coleman & Co. Ltd . Sir Stanley Reed edited TOI from 1907 until 1924 and received correspondence from major figures of India such as Mahatma Gandhi . In all he lived in India for fifty years. He
1305-410: A small font – that its contents are "advertorial, entertainment promotional feature", that they are doing this to generate revenues just like "all newspapers in the world do advertorials" according to TOI owners. According to Maya Ranganathan, this overlap in the function of a journalist to also act as a marketing and advertisement revenue seeker for the newspaper raises conflict of interest questions,
1392-586: A small-print alert that the article was a "marketing feature". In both cases, the article was factually incorrect and made false claims about the success of Monsanto 's genetically modified cotton. According to a critical article published in the Indian investigative news magazine The Caravan , when the Honda Motors plant in Gurgaon experienced an eight-month-long conflict between management and non-unionised workers over wages and work conditions in 2005,
1479-534: A whole. Singapore's CBD is the historic heart of the city-state, which makes it a mix of a tourist attraction and a business center. The CBD includes several multinational corporate headquarters, Singapore Management University , and historical buildings and museums. As of 2016, the Singaporean government intends to redevelop Jurong East into a second CBD in Singapore. The area has also been earmarked as
1566-635: Is Government Hill , the site of the old government headquarters. As the Hong Kong SAR Government Headquarters moved to Tamar, Admiralty, the nearby area is also considered part of the CBD. In Quarry Bay , Taikoo Place and areas nearby, including Admiralty , Wan Chai and Causeway Bay , and Tsim Sha Tsui , Kwun Tong , and Kowloon Bay are regarded as major business districts of Hong Kong. India 's capital New Delhi has been known for its CBD at Connaught Place . For
1653-922: Is a concentration of business in Botafogo harbor and in Barra da Tijuca , a newer Rio de Janeiro suburb located in city's west region. The largest CBD in Colombia is Bogotá 's Centro Internacional , where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria , Davivienda , and Bancolombia , among others. Over the years, Bogotá has developed minor business districts, which include Avenida Chile , Ciudad Salitre , with companies like Avianca , Rappi , Johnson & Johnson , Terpel , Hilton , Hyatt , Marriott , Sheraton , Ramada , City Express , Aloft and Novotel ; or Complejo Santa Bárbara ,
1740-544: Is also embroiled in an active lawsuit against the Financial Times . In 1993, when the Financial Times was preparing to enter the Indian market, Samir Jain , the vice-chairman of B.C.C.L., registered the term "Financial Times" as a trademark of his company and declared it his intellectual property in an attempt to stymie the Financial Times and prevent them from competing with The Economic Times , which
1827-540: Is also one of the most important business districts of Pakistan. Gulberg, Lahore has a large number of important office buildings as well as many high-rises and shopping malls. Pakistan established its first central business district, Lahore Central Business District, also known as Central Business District Punjab (CBD Punjab) by an ACT of Parliament (LCBDDA Act, 2021) in February 2021. Jinnah Avenue in Islamabad
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#17327945749861914-399: Is an Indian English -language daily newspaper and digital news media owned and managed by The Times Group . It is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world . It is the oldest English-language newspaper in India, and the second-oldest Indian newspaper still in circulation, with its first edition published in 1838. It
2001-520: Is around 12 km (7.5 mi) from Sardar Vallabhbhai Patel International Airport . The city is designed so residents can walk to work, and includes commercial, financial and residential complexes. The city is connected through 4-6 lane state and national highways. A metro station is also planned for construction, which would connect GIFT City to the Ahmedabad Metro network. This is expected to be completed by March 2024. The total area for
2088-418: Is beginning to establish itself as the centre of foreign universities in the nation. The name "GIFT" is an acronym that stands for "Gujarat International Finance Tec-City". The word " Gujarat " refers to the western Indian state where the city is located. " International " signifies that the city is intended to be a global hub for financial and business services, attracting businesses and investors from around
2175-620: Is nicknamed as "The Old Lady of Bori Bunder ", and is a " newspaper of record ". Near the beginning of the 20th century, Lord Curzon , the Viceroy of India , called TOI "the leading paper in Asia". In 1991, the BBC ranked TOI among the world's six best newspapers. It is owned and published by Bennett, Coleman & Co. Ltd. (B.C.C.L.), which is owned by the Sahu Jain family. In
2262-645: Is now widely known as "the Emergency" and seen by many as a roundly authoritarian era of Indian government. The Bombay Times is a free supplement of The Times of India, in the Mumbai (formerly Bombay ) region. It covers celebrity news, news features, international and national music news, international and national fashion news, lifestyle and feature articles pegged on news events both national and international that have local interest value. The main paper covers national news. Over ten years of presence, it has become
2349-655: Is owned by B.C.C.L. In 1994, when the Hindustan Times was the top-selling paper in New Delhi, TOI slashed their prices by a third, to one and a half rupees after having built up their ads sales force in preparation for the price drop to make up for the lost circulation revenue. By 1998, the Hindustan Times had dropped to second place in Delhi. TOI took a similar strategy in Bangalore where they dropped
2436-433: Is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district . Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within
2523-680: Is the first of its kind in Indonesia, and one of the largest commercial center developments in the city. Jakarta started developing its business district in the early 1960s before hosting the Asian Games in 1962 . Surabaya in East Java built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences. In Italy , business districts do not coincide with
2610-470: Is the main business district of the city. Blue Area is the central business district of Islamabad . D Ground is the central business district of Faisalabad and Saddar is the main central business district of Rawalpindi . In Peru , the central business district is San Isidro , in Lima , which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district,
2697-669: The COEX mall, are major thoroughfares in Seoul. The tallest buildings in Gangnam include Tower Palace One , a residential complex, Trade Tower , Gangnam Finance Center, and Parnas Tower. Seoul's third business district is Yeouido , an island located in central Seoul in the Yeongdeungpo District . Yeouido was developed in the 1970s; since the 1990s, however, it has become Seoul's financial center. Smaller in geographic size that
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2784-627: The Emergency in India, the Government transferred ownership of the newspaper back to Ashok Kumar Jain , who was Sahu Shanti Prasad Jain's son and Ramkrishna Dalmia's grandson. He is the father of the current owners Samir Jain and Vineet Jain ). The Jains too often landed themselves in various money laundering scams and Ashok Kumar Jain had to flee the country when the Enforcement Directorate pursued his case strongly in 1998 for alleged violations of illegal transfer of funds (to
2871-572: The Global Financial Centres Index . As of June 2023, it is home to 23 multi-national banks, including HSBC , JP Morgan , and Barclays . Furthermore, it includes 35 fintech entities, two international stock exchanges with average daily trading volumes of $ 30.6 billion, as well as India's first international bullion exchange with 75 onboarded jewellers. The city is located on the banks of the Sabarmati River and
2958-780: The SEZ (Special Economic Zone) constitutes 106 hectares (261 acres). The project area under development can hence be classified under the SEZ area and the Non-SEZ area (also known as the Domestic Tariff area or the DTA). GIFT City is divided into two zones: The city is divided into the following divisions by area: GIFT City, through its International Financial Services Centre (IFSC), provides several tax benefits aimed at luring both domestic and international investments. These incentives include exemptions from certain taxes for companies under
3045-531: The Times of India covered the concerns of Honda and the harm done to India's investment climate, and largely ignored the issues raised by workers. Vineet Jain , managing director of B.C.C.L., has insisted that a wall does exist between sales and the newsroom, and that the paper does not give favorable coverage to the company's business partners. "Our editors don't know who we have," Jain said, although he later acknowledged that all private-treaty clients are listed on
3132-1236: The media group Bennett, Coleman & Co. Ltd. The company, along with its other group of companies, known as The Times Group , also publishes Ahmedabad Mirror , Bangalore Mirror , Mumbai Mirror , Pune Mirror ; Economic Times ; ET Panache ( Mumbai , Delhi and Bangalore on Monday to Friday) and ET Panache ( Pune and Chennai on every Saturday); Ei Samay Sangbadpatra , (a Bengali daily); Maharashtra Times , (a Marathi daily); Navbharat Times , (a Hindi daily). TOI has its editions in major cities such as Mumbai , Agra , Ahmedabad , Allahabad , Aurangabad , Bareilly , Bangalore , Belgaum , Bhopal , Bhubaneswar , Coimbatore , Chandigarh , Chennai , Dehradun , Delhi , Gorakhpur , Gurgaon , Guwahati , Gwalior , Hubli , Hyderabad , Indore , Jabalpur , Jaipur , Jammu , Kanpur , Kochi , Kolhapur , Kolkata , Lucknow , Ludhiana , Madurai , Malabar , Mangalore , Meerut , Mysore , Nagpur , Nashik , Navi Mumbai , Noida , Panaji , Patna , Pondicherry , Pune , Raipur , Rajkot , Ranchi , Shimla , Surat , Thane , Tiruchirapally , Trivandrum , Vadodara , Varanasi , Vijayawada and Visakhapatnam . TOI has been criticised for being
3219-420: The 1,200,000 square metres (13 × 10 ^ sq ft) available for commercial, residential and social use. On 11 September 2019, Tapan Ray, managing director and Group CEO of GIFT City, said the city had attracted around ₹ 110 million (equivalent to ₹ 140 million or US$ 1.6 million in 2023) of investment. The total area for the development of GIFT is 359 hectares (886 acres) out of which
3306-503: The 50% stake of beleaguered Infrastructure Leasing & Financial Services (IL&FS) in the GIFT City to minimize delays to the project. In June, 2020, IL&FS concluded sale of its stake in GIFT-City for ₹ 320 million (equivalent to ₹ 380 million or US$ 4.5 million in 2023) equity value to the state government. According to Business Standard , OPS Fund Services, a subsidiary of OPS Global, Singapore, received
3393-735: The 555-metre tall Lotte World Tower , Guro Digital Complex, Gasan Digital Complex, the Magok Business District, the Sangam Digital Media City, the Munjeong Administrative Town, and Mapo Avenue. The area near Yongsan Station , including the proposed Yongsan International Business District , is considered an emerging major commercial district that will exist in synergy with nearby Yeouido . The Times of India The Times of India , also known by its abbreviation TOI ,
3480-510: The Bombay High Court, under Justice J. L. Nain, passed an interim order to disband the existing board of Bennett, Coleman & Co and to constitute a new board under the Government. The bench ruled that "Under these circumstances, the best thing would be to pass such orders on the assumption that the allegations made by the petitioners that the affairs of the company were being conducted in a manner prejudicial to public interest and to
3567-634: The Brand Trust Report India study 2019, TOI was rated as the most trusted English newspaper in India. In a 2021 survey, Reuters Institute rated TOI as the most trusted media news brand among English-speaking, online news users in India. In recent decades, the newspaper has been criticised for establishing in the Indian news industry the practice of accepting payments from persons and entities in exchange for positive coverage . TOI issued its first edition on 3 November 1838 as The Bombay Times and Journal of Commerce . The paper
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3654-571: The CBD. An example is Parramatta , which is considered the financial hub of Western Sydney . São Paulo is a multipolar city, with several business districts. Avenida Faria Lima and the neighboring districts, Itaim Bibi and Vila Olímpia , now concentrate a large part of the financial activities in São Paulo and Brazil . Avenida Paulista and nearby streets is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center
3741-644: The International Financial Services Centre. Prime Minister Narendra Modi formally opened Singapore Exchange 's futures trading operation "Nifty", and India's first international bullion exchange was opened. Major construction events in GIFT City, Gujarat, India: 2007 : 2008 : 2009 : 2010 : 2012 : 2013 : 2014 : 2015 : 2016 : 2017 : 2019 : 2021 : 2023: As part of Phase-I development, around 780,000 square metres (8.4 × 10 ^ sq ft) of built-up area has already been allotted from
3828-874: The Philippines. In Poland , the terms śródmieście or centrum are often used to describe the central business district. The largest central business district in Russia is the Moscow International Business Center (MIBC) in Moscow , a commercial development located just east of the Third Ring Road at the western edge of the Presnensky District in the Central Administrative Okrug of
3915-502: The acquisition of the media giant Bennett Coleman & Co. by transferring money from a bank and an insurance company of which he was the chairman. In the court case that followed, Ramkrishna Dalmia was sentenced to two years in Tihar Jail after having been convicted of embezzlement and fraud. Most of the jail term he managed to spend in hospital. Upon his release, his son-in-law, Sahu Shanti Prasad Jain , to whom he had entrusted
4002-575: The central business district. These terms can be literally translated as " inner city " and "city center". Some of the larger cities have more than one central business district. For example, Berlin alone has three. Due to Berlin's history of division during the Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as
4089-605: The city's CBD. In South Korea , the national capital of Seoul includes three central business districts. The Downtown Seoul , a historic area inside the Fortress Wall of Seoul in the Jongno and Jung districts has historically been the city's political, social and cultural heart, and still houses many corporate headquarters and political institutions in South Korea. It is also the most popular area for tourists and
4176-468: The city's history. Cities with strong preservation laws and maximum building height restrictions to retain the character of the historic and cultural core may have a CBD quite a distance from the city centre (and in some cases, outside the city limits itself). This distinction is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after
4263-650: The city's main commercial district. While the district has a high density of high rise buildings, the tallest building, the SK Building, only reaches a height of 160m due to historic preservation regulations. The second main district, located in the southeast part of Seoul, is Gangnam District , an area that was developed in the 1980s and is now among the city's most affluent neighborhoods. The Gangnam District has concentration mainly in economic power of Seoul, as many of prominent company HQs are located on Teheran Avenue . Gangnam Avenue and Yeondong Avenue, which includes
4350-724: The city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River , approximately 4 kilometers (2.5 mi) west of Red Square , overlooked by the Third Ring Road. The project occupies an area of 60 hectares. The second-largest central business district is Yekaterinburg-City in Yekaterinburg , the fourth-largest city in
4437-515: The commercial and business activity located in or in the vicinity of the area. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts in Lima , the national capital. San Isidro is served by three stations of El Metropolitano , Lima's bus rapid transit system: Estación Javier Prado , Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú . In
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#17327945749864524-409: The company was later renamed Brand Capital and has contracts in place with many companies in diverse sectors. The "paid news" and "private treaties" blur the lines between content and advertising, with the favourable coverage written by the staff reporters on the payroll of TOI . The newspaper has defended its practice in 2012 by stating that it includes a note of disclosure to the reader – though in
4611-465: The company's Web site. Ravindra Dhariwal, the former CEO of B.C.C.L. had defended private treaties in a 2010 interview with the magazine Outlook and claims that the partners in the private treaties sign contracts where they agree to clauses that they will not receive any favourable editorial coverage. There have been claims that TOI would strike deals with advertisers only if they removed their advertisements from other competitor newspapers. TOI
4698-434: The core of the city's downtown. Mexico City also has its own historic city center , the colonial era "Centro Histórico", along with two CBDs: the mid-late 20th century Paseo de la Reforma in Polanco , and the new Santa Fe , respectively. Russia 's largest central business district is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect
4785-444: The country and became the Indian agent for Reuters news service. In 1861, he changed the name from the Bombay Times and Standard to The Times of India . Knight fought for a press free of prior restraint or intimidation, frequently resisting the attempts by governments, business interests and cultural spokesmen, and led the paper to national prominence. In the 19th century, this newspaper company employed more than 800 people and had
4872-476: The country. It is located on the Iset River , and is under development as of 2021. The area occupies five hectares. Saudi Arabia has several business districts, including: In Singapore , the CBD is in the Downtown Core , one of the constituent planning areas of the Central Area , the country's city center . Its densest point is centered around Raffles Place , where most of Singapore's skyscrapers are located. The CBD sometimes also describes Central Area as
4959-499: The development of GIFT is 359 hectares (886 acres) out of which the special economic zone (SEZ) constitutes 106 hectares (261 acres). The project area under development can hence be classified under the SEZ area and the non-SEZ area (also known as the Domestic Tariff area or the DTA). With the opening of the first campuses of two Australian universities on 7 November 2023 in the presence of Indian counterpart Dharmendra Pradhan and Australian Education Minister Jason Clare , GIFT City
5046-404: The early 21st century, the southeastern district of Surco experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo, and La Encalada due to lower restrictions to grant construction permit and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores ,
5133-452: The emergence of modern transport, therefore a single centre often included many of the region's tallest buildings and served as both a commercial and cultural city centre. In the 21st century, increasing urbanisation has led to the development of megacities that often have multiple CBDs scattered across the urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have
5220-406: The extended area of Gomti Nagar , and Aminabad in old Lucknow. Kolkata also has central business districts, including B.B.D. Bagh , Park Circus , Esplanade , Salt Lake Sector V , and New Town . The largest CBD in Indonesia is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle,
5307-496: The financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there is Nariman Point , which is another CBD including Andheri and Parel . Parry's Corner and Nungambakkam are among the main CBDs of Chennai . Bangalore has five notable business districts: UB City , Brigade Gateway, Koramangala , Indiranagar , and Electronic City . Lucknow has three business districts, including Hazratganj Market , Gomti Nagar Extension at
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#17327945749865394-407: The first to institutionalise the practice of paid news in India, where politicians, businessmen, corporations and celebrities can pay the newspaper and its journalists would carry the desired news for the payer. The newspaper offers prominence with which the paid news is placed and the page on which it is displayed based on the amount of the payment. According to this practice, a payment plan assures
5481-404: The fourth in the world. La Défense hosts 19 of the world's biggest 500 companies , whilst the Paris region as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and the third worldwide) for the number of companies classified in Fortune Fortune Global 500 . In Germany , the terms Innenstadt and Stadtzentrum may be used to describe
5568-421: The geographical centers of the city because the city center is the historical center of the city, and usually not very suitable to function as a modern business district. A precursor to modern business districts is EUR in Rome , which is now home to several national and international companies and public bodies. The EUR, the Napoli business district , the Milan business district , and City Life , are among
5655-421: The interests of the Company are correct". Following that order, Shanti Prasad Jain ceased to be a director and the company ran with new directors on board, appointed by the Government of India, with the exception of a lone stenographer of the Jains. The court appointed D K Kunte as chairman of the board. Kunte had no prior business experience and was also an opposition member of the Lok Sabha . In 1976, during
5742-403: The last of which features the only W Hotel in the city. Colombia's other notable CBDs include Parque Berrío in Medellín , Bocagrande in Cartagena (the largest touristic CBD in the country), and Paseo de Bolívar in Barranquilla . La Défense , west of Paris , is France 's largest central business district. La Défense was in 2017 ranked as the leading CBD in continental Europe, and
5829-399: The master planning of Bonifacio Global City. Ortigas Center (fourth), with an area of more than 100 hectares (250 acres), is the Philippines' second most important business district after the Makati CBD and is home to Asian Development Bank. Meanwhile, the Makati Central Business District (third), also known as the Makati CBD, is the leading financial and the largest central business district in
5916-423: The most important commercial areas in Italy. Other important business and financial centers are present in Genoa and Brescia . In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a shehar . Karachi is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road acts as Karachi's main financial district. Shahra-e-Faisal in Karachi
6003-418: The new financial center of Lima . The Philippines has three major central business districts, which are all located in Metro Manila. Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees
6090-536: The new tax regime, tax holidays for specific sectors, and GST-free services for IFSC SEZ units. Further perks include various state subsidies and tax exemptions for exchanges established under the IFSC. In December 2023, the Government of Gujarat authorized the controlled consumption of liquor within Gujarat International Finance Tec-City (GIFT City). This policy permits liquor to be served in restaurants, hotels, and clubs within GIFT City, but only to its permanent employees and their authorized visitors, as sanctioned by
6177-404: The next few years to develop 0.10 million square metres (1.1 million square feet) of built-up area with a future option of investing another ₹ 6 billion (equivalent to ₹ 9.6 billion or US$ 110 million in 2023) to develop 0.16 million square metres (1.7 × 10 ^ sq ft). In November 2018, The Wire reported the Government of Gujarat State would buy out
6264-522: The other two business districts, Yeouido has some of Seoul's tallest skyscrapers, including Parc1 Tower , International Finance Center Seoul , and the 63 Building . Yeouido is where the National Assembly of South Korea and many media companies and political institutions are based. Smaller but notable central business districts in South Korea include the Jamsil area, which is the location of
6351-646: The owners of TOI . The B.C.C.L., with its "private treaties" program, acquired stakes in 350 companies and generated 15% of its revenues by 2012, according to a critical article in The New Yorker . The "paid news" and "private treaties" practice started by TOI has since been adopted by The Hindustan Times group, the India Today group, the Outlook group, and other major media groups in India including Indian television channels. This division of
6438-425: The price to one rupee despite protests from Siddharth Varadarajan , one of the editors of the newspaper at the time, who called the strategy "predatory pricing". In 2018, Vineet Jain , managing director of B.C.C.L., and Sanjeev Shah, executive president of B.C.C.L., were caught on camera as part of a sting operation by Cobrapost agreeing to promote right-wing content through the group's many media properties for
6525-551: The purpose of implementation of the SEZ, GIFT Company Limited has set up an SPV (Special Purpose Vehicle) (100% subsidiary of GIFTCL) namely GIFT SEZ Ltd, designated as the developer organization of the SEZ. GIFTCL has also set up 5 subsidiary companies for the implementation of specialized infrastructure including Power, Water, ICT (Information & Communication Technology), District Cooling and solid waste management. Central business district A central business district ( CBD )
6612-505: The respective companies' human resources departments. The sale of liquor bottles remains prohibited. The Government of Gujarat formed "Gujarat International Finance Tec-City Company Limited" (GIFTCL) to develop and implement GIFT City through its venture Gujarat Urban Development Company Limited (GUDCL). GIFT City is an 359-hectare (886-acre) integrated project that creates 62 million square feet of built-up area, including 67% commercial space, 22% residential space and 11% community space. For
6699-466: The running of Bennett, Coleman & Co. Ltd., rebuffed his efforts to resume command of the company. In the early 1960s, Shanti Prasad Jain was imprisoned on charges of selling newsprint on the black market. And based on the Vivian Bose Commission's earlier report which found wrongdoings of the Dalmia – Jain group, that included specific charges against Shanti Prasad Jain, the Government of India filed
6786-441: The same spatial shape, but there are certain common geometric patterns, which are largely a result of centralised commercial and industrial activities. In Australia , the term CBD is widely used officially and colloquially, in the sense of city centre. The two biggest cities, Melbourne and Sydney , have large CBDs. Sydney features growing micro central business districts, which serve as the hub for their respective areas outside
6873-530: The site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail . South Africa 's largest cities, Cape Town , Durban , Johannesburg , Pretoria , and Port Elizabeth , have CBDs that include the corporate headquarters for many of South Africa's largest companies, its convention centers , and many of the country's tallest buildings. Cape Town has one of South Africa's most iconic skyline (which includes Table Mountain ) and
6960-554: The tune of US$ 1.25 million) to an overseas account in Switzerland . On 26 June 1975, the day after India declared a state of emergency , the Bombay edition of TOI carried an entry in its obituary column that read "D.E.M. O'Cracy, beloved husband of T.Ruth, father of L.I.Bertie, brother of Faith, Hope and Justice expired on 25 June". The move was a critique of Prime Minister Indira Gandhi 's 21-month state of emergency, which
7047-676: The world. "Finance" highlights the primary focus of the development, which is to create a world-class financial centre."Tec-City" stands for "Technology-based SEZ" (Special Economic Zone). On 15 December 2011, The Economic Times reported city officials in GIFT were inviting companies from Singapore that wished to expand but could not do so due to a lack of land in Singapore to open their businesses in GIFT. Investments from banks, private equity companies, insurance companies and asset management companies were considered. On 26 December 2011, The Times of India reported China's technology giant Huawei
7134-657: Was likely to provide technology to GIFT. According to Eric Yu, president, of enterprise business of Huawei India , this technology included networks, data centres and surveillance. On 2 October 2014, NetIndian reported a new World Trade Centre would be set up in GIFT City as per an agreement between the World Trade Centre India Services Council (WTCS) and GIFT City Ltd. It would be completed within four years. BSE Broker's Forum planned to invest ₹ 1.2 billion (equivalent to ₹ 1.7 billion or US$ 20 million in 2023) to build
7221-526: Was published on Wednesdays and Saturdays under the direction of Raobahadur Narayan Dinanath Velkar , a Maharashtrian social reformer , and contained news from Britain and the world, as well as the Indian Subcontinent . J. E. Brennan was its first editor he died in 1839 and George Buist became the Editor. It became a daily in 1850 under him. George Buist had a pro British editorial policy and
7308-637: Was respected in the United Kingdom as an expert on Indian current affairs. Bennett Coleman & Co. Ltd was sold to sugar magnate Ramkrishna Dalmia of the industrial family, for ₹ 20 million (equivalent to ₹ 2.9 billion or US$ 34 million in 2023) in 1946, as India became independent and the British owners left. In 1955 the Vivian Bose Commission of Inquiry found that Ramkrishna Dalmia, in 1947, had engineered
7395-593: Was the area revived. In Frankfurt am Main 's city center, there is a business district called the " Bankenviertel ". In Düsseldorf , there is a business district which is located around the famous high street Königsallee with banks, shops and offices. Traditionally, the Central Business District "CBD" of Hong Kong is Central , where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as
7482-517: Was the city's first business center; There, the São Paulo Stock Exchange is located. The region comprising Avenidas Berrini, Doutor Chucri Zaidan, and Nações Unidas, the city's newest commercial district, has offices of multinational companies and also commercial services. In Rio de Janeiro , Brazil's second-largest city, the main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there
7569-523: Was the leader in the Kannada newspaper segment then. The paper launched a Chennai edition on 12 April 2008. It launched a Kolhapur edition in February 2013. Introduced in 2013 and awarded for the second time in 2016, " The Times of India Film Awards " or the "TOIFA" is an award for the work in Film Industry decided by a global public vote on the nomination categories. TOI is published by
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