Archive for October 30th, 2007
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.