Actor Shahrukh Khan to open new five star hotel in Kollam Bollywood actor Mr. Shahrukh Khan will launch The Raviz, a 5 star hotel with 7 star facilities standing on the banks of the Ashtamudi lake in suburban Kollam, Kerala on August 19, 2011. According to B Ravi Pillai, a …
IDBI Bank plans to float infrastructure debt fund in India
IDBI Bank plans to float an infrastructure debt fund to accelerate the flow of funds to the infrastructure projects in India.
Mr R.M. Malla, Chairman and Managing Director of IDBI Bank said,'' Our bank is mulling the option of setting up an infrastructure finance co…
Mundra Port posts 20% up in Q1 profit Rs 254 crore
The shipping arm of Ahmedabad-based Adani Enterprises Ltd, Mundra Port and Special Economic Zone Ltd (MPSEZ), the port and on Thursday posted a rise of 20 per cent in its profit for the quarter ended 30 June 30, 2011. The firm’s profit in the quarter stood at Rs 254 crore …
L & T bags overseas orders worth $ 88.90 Crore
Indian Engineering major L&T (Larsen & Toubro) has bagged orders worth $88.90 Crore in the hydrocarbon sector from the UAE and Thailand.
Two orders cumulatively worth $63.90 Crore are from the UAE. One is from the Abu Dhabi Gas Industries for its Habshan-Ruwais-Shu…
GVK Infra Q1 net up 76% to Rs 59 crore
The Hyderabad based infrastructure developer GVKPIL (GVK Power & Infrastructure) has posted about 76% up in net profit for the June quarter at Rs 60 crore as against Rs 33 crore in the same period last year. Net sales for the period stood at Rs 632 crore, a 27% rise o…
Oriental Hotels to open 180 room Coimbatore
Chennai-based hospitality firm, Oriental Hotels Ltd, which the Taj group owns about 34% equity, is planning to open a 180 room Vivanta by Taj hotel in Coimbatore. The construction of the Vivanta by Taj is expected to start during October-November 2011.
Now, Oriental Hot…
Indian Hotels add 8 more hotels across the globe - Ratan Tata.
IHCL (Indian Hotels Company Ltd ) plans to add 8 more hotels across the globe by 2014, according to d its Chairman, Mr. Ratan Tata.
IHCL runs the Taj brand in the luxury 5 star hotel, the Vivanta brand in the 4 star hotel, Gateway Hotels in the 3 star hotel and Ginger in t…
Government finalises draft of Bill on Indian land acquisition
The central government has firmed up the draft of a new Land Acquisition Bill which makes consent of 80% of land owners mandatory before purchase of land.
The new draft Land Acquisition Bill, which is expected to be unveiled in the next few days, includes recommendations o…
Sobha Group to develop township in Dwarka South West Delhi
Sobha Group will be developing a township project in Delhi. It will come up over 150 acres in Dwarka South West Delhi. The phase - 1 of this project will be spread over 35 acres, with 35 lakh sq. ft. of development.
Mr. Jagadish Nangineni, Regional Head, (NCR) Sobha Group,…
NRI Ravi Pillai to invest Rs 1,000 crore in India
The R.P Group of NRI businessman, Mr. Ravi Pillai, is planning to make investments about Rs 1,000 crore in the hospitality sector in various parts of India in the current 2011-12 financial year.
Mr. Ravi Pillai, Chairman, R.PGroup, said, ''The Kerala would be one…