Archive for May 6th, 2007
Realtors Hit As Infosys Shifts Base
Sunday, May 6th, 2007It’s a bolt from the blue for realtors who bought land in Mamidipally in the hope of riding on the boom generated by Infosys’ largest campus in the country coming up there: The IT bellwether’s campus is likely to be shifted to Pocharam on the Warangal highway at the other end of Hyderabad.The shift has […]
Goldstone To Set Up Rs. 5 Crore Plant
Sunday, May 6th, 2007Goldstone Teleservices Ltd is set to tap the Rs.600-crore market for heat shrinkable sleeves for oil and gas pipeline joints by indigenously producing them in the country.L.P. Sashi Kumar, managing director, and Surendranath, executive vice-president told a press conference here on Friday that a plant at Cherlapally near Hyderabad for manufacturing corrosion protection heat shrinkable […]
XLRI Spreads Wings To Cyberabad
Sunday, May 6th, 2007XLRI is spreading its wings to the cyber city of Hyderabad by way of starting a second campus there on a 30-acre plot located on the 135-acre Society of Jesuits-run Loyola College premises at Alwal in the city.The B-School has planned to start its regular two-year courses in business gement (BM), personnel management & industrial […]
Decision On Elevated Metro Rail Project Criticised
Sunday, May 6th, 2007The Lok Satta Party has criticised the Government for its decision to go ahead with the elevated metro rail project for Hyderabad calling it “ill-considered, non-comprehensive and unviable”.Party spokesperson Karthik Chandra on Friday alleged that the Rs. 8,482 crore project will serve as a magnet for “corruption, irregularities and inefficiency”. The Government is allowing the […]
YSR Lays Foundation For Indigenous Car Project
Sunday, May 6th, 2007Chief Minister Y. S. Rajasekhara Reddy on Monday unveiled a plaque marking the laying of the foundation stone for MLR Motors’ car project here. He complimented the promoters — M. Lokeswara Rao (Director) and B. V. R. Subbu (Chairman) — of the project for taking up a challenging task to set up a car manufacturing […]
New Hyderabad International Airport Leases Land To Indian Airlines For MRO Facility
Sunday, May 6th, 2007GMR Hyderabad International Airport Ltd, (GHIAL) has signed a lease agreement with Indian Airlines Limited (IA) for setting up Maintenance, Repair & Overhaul (MRO) facility at the upcoming Rajiv Gandhi International Airport at Hyderabad.
As per terms of the agreement, the Indian Airlines will build a new MRO facility at the new international airport at Shamshabad. […]
Hyderabad Goes Online: Courtesy Sify
Sunday, May 6th, 2007Sify.com has launched the first broadband and video website, www.hyderabadlive.in, for the city of Hyderabad. After the successful launch of mumbailive.in and bangalorelive.in, hyderabadlive.in is the third broadband city portal from Sify.com. www.hyderabadlive.in will enable the citizens of Hyderabad to access local content spanning Tollywood happenings, music, the hottest clubs and the city’s latest gossip, […]
Nektar Therapeutics To Set Up Multi-Million Dollar R&D Facility In Hyderabad
Sunday, May 6th, 2007Nektar Therapeutics, the US-based novel drug delivery company, has decided to make India its second Research and Development (R&D) hub, with investments to create a discovery team and top class infrastructure.
The company, which has brought to the global market the world’s first inhaled (powder) drug to treat diabetes (Exubera) with Pfizer, will build a modern […]
The National Technical Research Organisation Is Coming To Hyderabad
Sunday, May 6th, 2007The National Technical Research Organisation (NTRO), a premier scientific organisation under the national security adviser in the prime minister’s office and engaged in the development and deployment of systems for national security, will be located near Hyderabad.
This was decided at a meeting of senior NTRO officials with the Chief Minister YS Rajasekhara Reddy in Hyderabad […]
Centre Approves Hyderabad Metro Rail Project
Sunday, May 6th, 2007The Central Government has approved financial assistance of Rs. 1,639 crores for the Hyderabad Metro Rail project towards 20 per cent of the total project cost of Rs. 8,482 crores under the `viability gap funding’ scheme. The announcement came on Thursday.
The Centre was inclined to consider a bigger grant for the project of which 60 […]
Dubai Based Al Fajer Properties Eyes Indian RE Through JV
Sunday, May 6th, 2007Al Fajer Properties, one of the leading realty developers from Dubai, today announced its India investment strategy which will include developing world-class realty projects in India through a joint venture and creating a real estate fund to facilitate investments by small investors in Dubai properties.
The announcement follows its successful participation in the recently concluded Asian […]
Appliance Firms Set Sights On Modular Kitchens
Sunday, May 6th, 2007Consumer durable makers are looking at grabbing a piece of the pie in the modular kitchen space. Kitchenware appliance maker TTK Prestige, which has been testing waters in this space, plans to open exclusive showrooms devoted to modular display kitchens starting May this year. The first outlet will be in Bangalore and subsequently Prestige plans […]