Archive for October, 2007
« Previous EntriesIT exports set to cross 25,000 crore
Wednesday, October 31st, 2007Fears of slowdown in the industry due to appreciation of Indian rupee have not deterred the Information Technology sector which is gearing itself to achieve the ambitious task of increasing the State’s contribution to national IT exports to 25 per cent.
Betting big on SEZs as job creators
Wednesday, October 31st, 2007The Andhra Pradesh Government is betting big on the establishment of special economic zones (SEZs) across the State both in terms of boosting the economy and importantly for job creation.
Biotech, Pharma Set For Big Leap
Wednesday, October 31st, 2007Hyderabad, which has become synonymous with the growth of information technology industry in the recent past, is now emerging as a hub of discovery research in biotech and pharma industry as well.
Chowmahalla set to regain grandeur
Wednesday, October 31st, 2007Breathtaking and awe-inspiring. That about forms a word picture of the famed Chowmahalla palace. But the renovated palace is even more enticing.
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Photo Courtesy: The Hindu
Marching ahead
Wednesday, October 31st, 2007Andhra Pradesh recently got a shot in the arm from a report by the Reserve Bank of India (RBI), which ranked it second among the States in the country with total investment intentions for the year 2006-07.
Motor showroom razed, land reclaimed
Wednesday, October 31st, 2007After a two-decade protracted legal battle, the Hyderabad district administration on Wednesday demolished Mahalakshmi Motors showroom in Bowenpally and reclaimed two acres of government land.
Goldstone buys 51% stake in 4G Informatics
Wednesday, October 31st, 2007Hyderabad-based software solutions and IPTV provider Goldstone Technologies has acquired 51% stake in 4G Informatics for an undisclosed amount.
GHMC elections likely next year
Wednesday, October 31st, 2007Elections to the Greater Hyderabad Municipal Corporation (GHMC) are likely to be held next year after completion of delimitation of wards and notification of reservation of seats, State Election Commission Secretary G. M. Ramesh Kumar said on Tuesday.
Lower Tank Bund road renamed
Wednesday, October 31st, 2007The GHMC has renamed the lower Tank Bund road as Bharat Sevashram Marg in recognition of the services rendered by Bharat Sevashram Sangh to the poor people. The organisation has a temple and guesthouse located on the road, a press release said.
SOURCES:
The Hindu
Tata’s Realty Arm Ties Up With Jafza
Wednesday, October 31st, 2007Tata Realty and Infrastructure Limited (TRIL) has signed a 50:50 joint venture agreement with Dubai based Jafza international to develop around 25 logistics parks across India at an investment of about of Rs 10,000 crores. This was stated by TRIL managing director and CEO Dinesh Chandiok while addressing the media in Mumbai on Tuesday.
Capital Inflow Worries RBI
Wednesday, October 31st, 2007The Reserve Bank of India said that the key future challenge for the monetary policy is “liquidity management” and the “rapid escalation in asset prices, particularly equity and real estate.”
SP Road Widening Delayed Further
Wednesday, October 31st, 2007Though Greater Hyderabad Municipal Corporation has the approval of Heritage Conservation Committee on acquiring land attached to private heritage structures on Sardar Patel Road, for road widening, the owners are refusing to part with the land.
Sensex Touches Record 20K, Market Still Looks Attractive
Wednesday, October 31st, 2007India’s main share index, the Sensex, tops 20,000 points for the first time as foreign investors buy into one of the world’s fastest growing economies.
Be prepared for Rs 38 a $: Centre
Tuesday, October 30th, 2007As foreign fund flows have lifted the rupee to record highs against the dollar, the commerce ministry has started telling exporters to prepare for the Indian currency rising further to 38 against the dollar by December.
Sai Baba`s airport up for sale
Tuesday, October 30th, 2007Trust puts floor price at Rs 600 crore.
Sri Sathya Sai Airport in Puttaparthi, Andhra Pradesh, is up for sale.
Hinduja Group plans realty, power projects
Tuesday, October 30th, 2007Hinduja Group India is planning realty projects at Bangalore and Hyderabad out of which the first one at Bangalore will be announced next month.
ISB ready for Harvard challenge
Tuesday, October 30th, 2007The Indian School of Business (ISB) is gearing up to face competition from the Harvard Business School (HBS) and other foreign universities of international repute that plan to set up shop here.
Asset price boom is a challenge, says RBI
Tuesday, October 30th, 2007The Reserve Bank of India’s Mid Term Review has said that the rapid escalation in asset prices, particularly, in equity and real estate, which are significantly driven by capital flows, are both a challenge and concern.
JP Morgan plans $2 bn infra fund
Tuesday, October 30th, 2007JPMorgan & Chase Co, the third-largest US bank, has set up a $2 billion fund focusing on infrastructure investments in India, where spending on roads, ports and power may double over the next five years.
Tata Realty, Jebel Ali in JV for business parks
Tuesday, October 30th, 2007Tata Realty and Infrastructure Ltd (TRIL) has entered into a strategic agreement with the Jebel Ali Free Zone (Jafza) International of Dubai to develop 27 business and logistics parks across India.
Speed Breakers
Tuesday, October 30th, 2007Â A rural touch to the hyped Golden Quadrilateral. Traffic is disrupted on a regular basis on the high-speed NH5 near Venkojipalem in Visakhapatnam, as livestock makes its way to the other side.
 Photo Courtesy: Business Line
SOURCES:
Business Line
Lower Tank Bund road to get ready soon
Tuesday, October 30th, 2007After several twists and turns, the slip road on the Lower Tank Bund and adjacent to the Telugu Talli flyover is to finally see the light of the day. The GHMC has managed to cajole the 15 property owners to allow road widening from Katta Maisamma Temple crossroads till the mosque near Dr. B.R. Ambedkar […]
SP Road widening delayed further
Tuesday, October 30th, 2007Though Greater Hyderabad Municipal Corporation has the approval of Heritage Conservation Committee on acquiring land attached to private heritage structures on Sardar Patel Road, for road widening, the owners are refusing to part with the land.
Significant Rise In NRI Remittances
Tuesday, October 30th, 2007As rupee continues to gain strength against dollar, financial institutions and banks involved in transfer of money from the US to India have observed a significant increase in remittances to India.
Radio Mirchi To Shortly Launch In Vizag
Tuesday, October 30th, 2007Visakhapattanam (Vizag) will soon wake up to the waves of India’s most favourite radio station Radio Mirchi 98.3 FM. The FM radio station promises to take the city by storm by playing chartbuster Telugu songs.
Virtual Shopping Mall For Indians
Tuesday, October 30th, 2007A new online shopping portal named “Prisb”, offering top-notch domestic- and global- consumer brands has been launched for Indian consumers worldwide.
Sparsha Pharma Setting Up Transdermal Manufacturing Facility
Tuesday, October 30th, 2007Sparsha Pharma International Private Limited, a newly-incorporated firm promoted by Indian and overseas investors, on Friday laid the foundation stone for the country’s first transdermal drug delivery (skin patches) product manufacturing facility at Hyderabad.
GHMC bleeds to buy land for roads
Monday, October 29th, 2007With land prices sky-rocketing in the city, land acquisition is proving to be a costly affair for Greater Hyderabad Municipal Corporation (GHMC). The corporation recently had to shell out Rs 23,689 per square yard to acquire a property on Sardar Patel Road. It paid over Rs 80 lakh to owner of a hospital.
Canada to open trade office in Hyderabad
Monday, October 29th, 2007Canada will open its trade office in the city within six months, Canadian High Commissioner to India David Malone announced here on Monday.
Work on petro complex to begin next year
Monday, October 29th, 2007Close on the heels of allotment of site by the AP Industrial Infrastructure Corporation, Hindustan Petroleum Corporation Limited is poised to launch work on a greenfield refinery and petrochemical complex between Rambilli and Atchutapuram next year.
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