The GRT Hotels and Resorts chain is planning to build a four-star hotel each in Coimbatore and Hyderabad. GRT Hotels is part of the jewellery retail store G.R. Thangamaligai in Chennai. It has submitted hotel building plans to the concerned municipal authorities for approval. The company operates under three brands – GRT Grand (four-star hotels), […]
Coke planning launch of Bonaqua
Soft drinks major Coca Cola India is mulling an expansion in the country’s over Rs 1,500 crore bottled water segment with introduction of global brands including ‘Bonaqua’, besides developing local flavoured products such as ‘pudina’ and mango water. “Our big focus is on water which is one of the fastest growing category. We are looking […]
Financial support for small-scale industries
The Ministry of Micro, Small and Medium Enterprises is offering financial support to tiny and small-scale industries to participate in international fairs. Concessions include 60 per cent subsidy in exhibition space rent, 70 per cent reimbursement of economy class airfare and subsidy in freight charges for exhibits, according to a release. For further details, visit […]
Tata project: demand for adequate compensation
There is apprehension among villagers they will lose their source of revenue if they hand over their land for the proposed titanium project in Tirunelveli and Tuticorin districts, and it is for the Government to allay their fears by giving them suitable compensation, according to the Tamil Nadu Congress Committee. The TNCC had deputed a […]
TN CM to inaugurate Connect 2007
The Confederation of Indian Industry (CII), in association with the Government of Tamil Nadu, is organising Connect 2007 with the theme ‘ICT : Innovation through Integration – Building an Inclusive Ecosystem’ in Chennai between September 14-17, 2007, to position Tamil Nadu as the destination of choice for ICT industry. Tamil Nadu Chief Minister M Karunanidhi […]
Timken Chennai unit by year-end
Timken Company, a major manufacturer of bearings, plans to start operations at its new facility coming up near Chennai by the end of this fiscal. David White, Director-Sales and Marketing of Timken India, told presspersons here on Friday that in the first phase an investment of $27 million was going into the project, which was […]
ICICI Bank mandates 10 international banks for $1.5 b loan
Close on the heels of raising $5 billion through a public offer, country’s largest private lender ICICI Bank has mandated ten international banks to arrange a Japanese Yen equivalent loan of $1.5 billion (about Rs 6,100 crore). The funding would be the biggest-ever offshore syndicated loan facility by an Indian financial institution and is likely […]
DTH cos can select channels of choice: TRAI
In a far-reaching decision ensuring delivery of quality channels at the DTH subscriber home, the telecom regulator has directed all broadcasters not to compel DTH operators to buy the entire bouquet of channels but let them pick what they thin k are the best. The new regulation brought out on Monday (today) by the Telecom […]
Bajaj, TVS spat over IPR infringement intensifies
Bajaj Auto Ltd (BAL) on Monday hardened its stand on the alleged patent infringement by rival TVS Motor Co and said it will take all necessary steps to safeguard its interests and “inflict maximum permissible damage upon the offender”. Responding to TVS Motor’s threat to file a Rs 250 crore damage suit, Mr S Sridhar, […]
Apollo Health Street buys Atlanta-based BPO co for Rs. 697 cr.
Apollo Health Street (AHS), a global healthcare outsourcing arm of the Apollo group, today announced the acquisition of Atlanta-based BPO and enterprise support solutions company, Zavata Inc, for Rs 697 crores. The fourth acquisition for Apollo Health Street and the second in the US provider space, it strengthens AHS’s position as a leading provider of […]
It is raining malls, multiplexes in Chennai
A mall and multiplex wave is set to sweep across Chennai, with over 20 malls planned in the next three years. The city, where India’s first mall, Spencer Plaza, was set up in 1975, is expected to absorb over Rs 3,000 crore in the coming years. Realty majors such as Prestige Group, Shriram Properties and […]
Air Deccan won’t come so cheap
India’s first low-cost carrier Air Deccan will become costlier in the next few weeks, as its new promoter UB Group looks to pull the airline out of losses amid rising operating costs. UB Group will also increase fares on its other scheduled carrier Kingfisher Airlines, its Chairman Vijay Mallya told reporters here. He added that […]
