Archive for January, 2009
Quintiles & Apollo To Setup Clinical Trial Unit
Saturday, January 31st, 2009US-based Quintiles Transnational Corporation, a pharmaceutical services provider, has entered into a partnership with Apollo Hospitals group to open a Phase I clinical trial unit in Hyderabad. The unit will allow customers additional options to complete integrated Phase I programmes across multiple geographies at this stage in medical research.
Citi, Merrill, Novartis, GSK May Drop Satyam Contracts
Saturday, January 31st, 2009Troubles keep mounting for Satyam Computer Services. Four of its large clients — Citigroup, Merrill Lynch (ML), Novartis and GlaxoSmithKlein (GSK) — are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satyam’s topline.
Hyderabad Realty In A Flux
Saturday, January 31st, 2009The real-estate market in Hyderabad continues to be in a state of flux with the slowdown taking a toll on the sector, even as the Satyam scandal has cast a shadow on real-estate projects as well as land deals. With thousands of acres around the city now put under the scanner, developers have become extra […]
Realty Majors Witness Worst Quarterly Drop In Profit
Saturday, January 31st, 2009Realty majors DLF, Unitech, Parsvnath and Ansal Properties today reported their worst quarterly drop in profit in at least six years as faltering economic growth crimped demand for homes and offices.
DLF, the nation’s biggest real estate developer, reported a 69 per cent drop in consolidated profit at Rs 670.79 crore, trailing analysts estimates. The company […]
DLF, Unitech Following ‘Satyam’s’ Path? Credit Suisse Report Smells Something
Saturday, January 31st, 2009DLF, Unitech lack in transparency: Credit Suisse
Credit Suisse, a global investment banking major has said in a report that in terms of transparency and key disclosures, the country’s top real estate firms including DLF and Unitech are found lacking.
Noting that related-party transactions account for a significant portion of their revenues, its report said that their […]
Market Wisdom: Is It The Right Time To Buy?
Tuesday, January 27th, 2009Instead of waiting for prices to fall and enter the market at the lowest possible level, an end user should try to identify a suitable property and negotiate hard to buy it, says Prabhakar Sinha.
Wells Fargo Dumps Maytas Hill County
Tuesday, January 27th, 2009The world class Maytas Hill County SEZ, a flagship venture of Maytas Properties and the only venture of the company still afloat is now in trouble. US-based Wells Fargo, the first and only firm to have tied up with the SEZ coming up in Bachupally and had even located its office there, pulled down its […]
Underpass at Aramgarh To Be Made Available For Public Soon
Tuesday, January 27th, 2009A major initiative aimed at providing a smooth ride to the International Airport at Shamshabad has been to ensure that traffic landing from the proposed expressway does not get stuck at Aramgarh junction. Part of the P.V. Expressway project — the underpass — at this junction is almost complete, though the 11.4-km expressway is months […]
Another Research Body To Come Up In Hyderabad
Tuesday, January 27th, 2009Yet another world-class research institution will come up in Andhra Pradesh in the next three years.
The Institute of Translational Research (ITR), an autonomous body being “facilitated” by city-based Centre for Cellular and Molecular Biology (CCMB), will be set up on a 184 -acre site at Rangapur village in Bibinagar mandal near here.
Maytas Hill County SEZ In Trouble
Tuesday, January 27th, 2009Maytas Properties, a real estate firm promoted by the family of the disgraced founder of Satyam Computer Services B Ramalinga Raju, may find it tough to complete its prestigious Special Economic Zone project , Maytas Hill County.
Maytas Properties To Close 4 Divisions
Tuesday, January 27th, 2009With cash flows threatening to dry up and debt hard to get, Maytas Properties’ ambitions to be among the top five realty companies in India on “fast track” are coming crashing.
Patancheru: Alarming Ground-water Pollution Levels
Tuesday, January 27th, 2009Drug waste creates highest disaster zone in Andhra Pradesh
When researchers analyzed vials of treated wastewater from a plant where about 90 Indian drug factories dump their residues, they were shocked. Powerful antibiotic was being spewed into one stream each day to treat every person in a city of 90,000.