Economy
Maytas Properties To Close 4 Divisions
Tuesday, January 27th, 2009With cash flows threatening to dry up and debt hard to get, Maytas Propertiesâ ambitions to be among the top five realty companies in India on âfast trackâ are coming crashing.
Four Indian Realtors Lose $33bn In 8 Months
Saturday, November 22nd, 2008Hit by the turmoil in equity and property markets, India’s four richest realtors have lost nearly $ 33 billion (over Rs 1,50,000 crore) KP Singh DLF’s KP Singh since March this year, with the richest of them, K P Singh of DLF, alone accounting for about two-thirds of it, Forbes magazine said.
Realty In âFreezeâ Mode
Tuesday, November 18th, 2008Despite a recent drop in the prices of steel and cement, the construction sector in Hyderabad is facing a major business crunch thanks to the meltdown again. Work on all malls and residential complexes that were supposed to come up in the city within the next few months has either been slowed down or temporarily […]
Global Economy Crisis: Layoff Tracker In The Technology Sector
Sunday, November 16th, 2008The economic downturn that has resulted in tens of thousands of layoffs in the housing and financial services sectors is now bearing down on the tech industry. The rapid increase in job losses follows an increasingly pessimistic spending forecast. Job cuts in the tech sector have surged as the economic outlook has become bleaker.
To […]
No Takers For Integrated Bus Complex Project
Saturday, November 1st, 2008There are no takers for the construction of the proposed Integrated Bus Terminus-cum-Business Centre which the Hyderabad Metropolitan Development Authority (HMDA) has proposed at the old Gandhi Hospital site.
Economy Slowdown: Job Cuts Loom Large
Thursday, October 23rd, 2008The countryâs job market is about to come to a standstill with a freeze on hiring in the organised sector, a staffing services firmâs report released on Monday said.
IT Slowdown: On-site Assignments Being Deferred
Thursday, October 23rd, 2008One of the main lures of a career in information technology (IT), the onsite opportunities to work aboard, have come to an all-time low, thanks to the financial crisis and economic slowdown in the US.