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Friday, July 4th, 2008Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in B-school campuses in the last two years in a move to have a more professional image.
Price Cut Fear Stares IT Firms In The Face
Friday, July 4th, 2008Ahead of the first quarter results of IT firms, worries about a cut in the billing rates for software services are dogging the sector following bigger write-offs by some global financial services majors and a continuing recession in the US affecting retail spends.
PBEL To Build Business Park At Shamshabad
Sunday, June 29th, 2008Anticipating demand for space for logistics companies around the Rajiv Gandhi International Airport here, PBEL Property Development (India), owned by Israeli companies IDB and ELCO Holdings, is planning to build a business park at Shamshabad at an estimated outlay of Rs 1,400 crore.
IT Park Work On Full Scale At Gannavaram
Saturday, June 28th, 2008The construction work of the information technology park at Gannavaram, is going on in full scale. Out of five towers, the first tower will be completed by December. The project is taking shape as promised by Chief Minister, Dr Y.S. Rajasekhar Reddy, while laying foundation stone on May 6, 2006.
Velankani’s Rs 14,000Cr Vizag Silicon Complex Plan
Saturday, June 28th, 2008The Bangalore-based Velankani Group will invest Rs 14,000 crore over the next seven years to set up an integrated stone-to-wafer silicon complex in Visakhapatnam, the first of its kind in India.
Cinema Biz Undergoes Massive Change In Hyderabad
Saturday, June 28th, 2008The business of cinema is all set to change with the entry of multiplexes in Hyderabad. The very mention of Sangeet Theater brings nostalgia for many Hyderabadis and more so if you are a Hollywood movie buff. The 40-year old standallone theater in Secunderabad, one of the oldest in the city, will soon be converted […]
Exensys Launches R&D Centre At Madhapur
Saturday, June 28th, 2008Exensys Software Solutions Limited, a software product company engaged in the enterprise space, IT consulting and telecom solutions, launched its second Research and Development Centre at Madhapur here.
McDonald’s Opens First “Drive Thru” Outlet In Hyderabad
Saturday, June 28th, 2008McDonald’s, a global fast food giant, on Thursday opened its first “Drive Thru” outlet at a HPCL retail outlet in the city.
As part of its strategic tie-up with HPCL to combine fast-food outlets with gas stations, McDonald’s launched a full scale “Drive Thru” outlet at A S Rao Nagar.
Infosys To Begin SEZ Works By September
Friday, June 27th, 2008Infosys Technologies expects to start construction work on its two special economic zones (SEZs) in Hyderabad before this September. The IT major was allotted about 440 acres at Pocharam on the outskirts during mid-2007 for setting up of two campuses.
Centre’s SEZ Move Unnerves Vizag Software Firms
Thursday, June 26th, 2008The growth path of information technology sector in Visakhapatnam seems not all that smooth, considering the recent controversies.
The Central Government’s declaration of Hill No. 2 at Madhurawada as IT Special Economic Zone (SEZ) has put the industry’s development in jeopardy as the IT companies in the zone continue to oppose the decision.
AP Plans Exclusive Industrial Estate For Women
Wednesday, June 25th, 2008Showing its resolve to empower women, the Andhra Pradesh government has earmarked an exclusive industrial estate with 30 acres land in Kalakal village in Medak district.
Wipro To Offer ‘Green’ Consultancy
Monday, June 23rd, 2008Wipro Eco Energy, the newly-floated arm of global IT services company Wipro Limited, is all set to provide consultancy services related to renewable energy and other eco-friendly activities by this year end.
Notices Served On Fab City ‘Giants’ - SemIndia and Nanotech
Monday, June 23rd, 2008With no significant progress achieved in Fab City, the much-hyped hub for semi-conductor and electronics manufacture on a 1,000-acre site on the city outskirts, the government has served notices on its co-promoters SemIndia Fab Private Limited and Nano-Tech Silicon India Private Limited.
IVR Prime Plans 10-15 Resorts
Wednesday, June 18th, 2008IVR Prime Urban Developers, the urban development arm of the $625-million realty giant IVRCL Infrastructures & Projects, will build holiday resorts and conference centres across India to cash in on the fast-growing meetings, incentives, conventions and events (MICE) market here.
India’s No 1 Pharma Co ‘Ranbaxy’ Is Now Japanese
Saturday, June 14th, 2008At a time when Indian companies are on an acquisition spree abroad, this seems like a goal that’s been scored against the run of play. In a blockbuster deal worth up to $4.6 billion (about Rs 15,000 crore), Ranbaxy Laboratories, the country’s largest pharma company and till not very long ago the pride of India […]
IT Exports From AP Up By 41pc
Saturday, June 14th, 2008IT exports from AP are up by a record 41 per cent. In FY 08, the exports were Rs 26,122 crore as against Rs.18,582 crore in FY 07. AP’s contribution to the total IT exports in the country is about 15 per cent in FY 08.
RIL Gas To Cost $25 A Barrel
Saturday, June 14th, 2008India’s dependence on imported energy will come down by the end of this year as Reliance Industries starts producing natural gas from its KG-D6 block.
Kokapet Firms To Start Office Construction By August
Saturday, June 14th, 2008Ten major IT companies will start building their own offices at the Kokapet IT Special Economic Zone by August 15. The firms are Google, Patni, Cognizant, Cognizant, Sonata, DQ, Infinite, Tech Mahindra, Intelli Group and Cbay.
SPV Incorporated For Hyderabad Animation, Gaming City
Saturday, June 14th, 2008Preparations are on in full swing to set up an Animation and Gaming City. The government has incorporated a special purpose vehicle (SPV) - Hyderabad Digital Media City - for this.
Tanla Acquires Finnish Firm For Rs 80cr
Saturday, June 7th, 2008Hyderabad-based telecommunications software and services company Tanla Solutions has acquired Finland-based on-device payments for mobile applications provider Openbit Oy in an all-cash deal.
Lahari Resorts To Serve More Entertainment At Bhanur
Saturday, June 7th, 2008Hyderabad-based Lahari Resorts, part of the real estate company, Lahari Group, an entertainment and sports-based property is planning to add another attraction to the existing 80 games.
EmaarMGF To Invest Rs 12,000cr In South
Monday, June 2nd, 2008EmaarMGF Land Ltd, a joint venture between Emaar Properties PJSC of Dubai and MGF Developments Ltd of India, is planning to invest $3 billion (Rs 12,000 crore) in projects spanning residential, commercial, retail, IT & SEZs and hospitality sectors over the next few years in over 10 locations across south India.
MedPlus To Build Regional Labs Pan-India
Wednesday, May 28th, 2008MedPlus Health Services Pvt Ltd has earmarked Rs 20 crore to build its network of regional labs for expanding across the country. The company has launched five regional diagnostic labs in Bangalore, Chennai, Pune, Vijayawada and Vizag. Integrating the services of the regional labs with its over 400 pharmacies, it aims to become the country’s […]
Now, Helihop To Shamshabad
Sunday, May 18th, 2008Want to reach Shamshabad in 10 minutes flat? Then, hop on to heli-taxi. With travel by road to the Rajiv Gandhi International Airport in Shamshabad becoming a nightmare due to heavy traffic, entrepreneurs are planning to cash in on the time factor by starting a chopper service.
Creating Classy Commercial Space
Sunday, May 18th, 2008Jones Lang LaSalle’s first QR takes a re-look at business districts after repeal of ULCA, writes K. Srinivas Reddy.
If one expected that the shift of airport from Begumpet to Shamshabad would reduce the demand for office space in core areas of the city and also on the suburbs, one would be mistaken. The airport relocation […]
Lanco Infratech To Raise USD 200mn For Realty Business
Sunday, May 18th, 2008Lanco Infratech, the flagship company of the Hyderabad-based Lanco Group, today said it is in talks with a couple of overseas private equity palyers to raise USD 200 million for its realty business.
Reliance to use closed fuel outlets for malls and multiplexes
Sunday, May 11th, 2008Reliance Industries Ltd (RIL), India’s biggest firm by market capitalisation, is drawing up plans to convert its fuel retail outlets, which were recently closed owing to unviable operations, into malls and multiplexes.
Special Purpose Vehicle to push forward PCPIR
Sunday, May 11th, 2008The project will consist of mega SDZs
Vizag will become nerve centre for massive investment
AAI and others being consulted for international airport
A Special Purpose Vehicle will be set up soon after getting the green signal from the Central Committee of Secretaries for the proposed Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) between Visakhapatnam and Rajahmundry.
India to become 8th wealthiest place by 2017: Barclays Wealth
Wednesday, May 7th, 2008Barclays Wealth on Wednesday published its report titled Evolving Fortunes, which signals the rise of emerging markets such as India, displacing more developed economies, with China, Brazil and Russia also reaching the top 12 wealthiest countries ranking.
Reliance Infra’s central business district in execution mode
Monday, May 5th, 2008Reliance Infra, an ADAG company, is set to begin work on the country’s first greenfield central business district — which will entail investment of Rs 7,000 crore and host over 25 million sq ft of built up area, including a 100-plus storey building, in phase I.
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