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DLF-Fortis hospital venture facing delays
New Delhi, Nov. 19 Issues seem to have cropped-up regarding DLF’s pact with Fortis Healthcare for setting-up super-speciality hospitals in DLF townships. This comes at a time when the real estate giant is facing deferment of some of ...
710 kg of tea offered on first day of e-auction
All six centres to adopt this system by Jan ‘09. The world’s first electronic auction of tea, organised by the Calcutta Tea Traders Association in partnership with Tea Board, was launched here on ...
Tough to raise funds abroad, say housing finance cos
‘RBI norms restrictive; lenders lack liquidity, wary of home loans’. Mumbai, Nov. 19 Housing Finance Companies (HFCs) may well nigh find it impossible to raise short- term foreign currency borrowings at the Reserve Bank of India ...
Maruti launches A-Star with eye on exports
Gurgaon plant output readjusted to avoid inventory pile-up. India’s largest car maker Maruti Suzuki today launched its fifth World Strategic Model A-Star in India today. With this new model the company is eying an export market of around ...
Plan panel to speed up financial closures of infrastructure projects
Keen to ensure financing is not a problem. New Delhi, Nov. 19 The Planning Commission will discuss with the Finance Ministry how best the financial closures of infrastructure projects could be speeded up to generate activity in the economy and ...
An ‘ARM’ed laptop? IT’s on the way!
Bangalore, Nov. 19 With ARM’s processor cores fuelling 10 billion devices around the world - and growing at 90 new ones every second - one would think the Cambridge, UK-based chip design leader would consolidate rather than expand. But ...
DoT plans lab to certify WiMAX-based services
Indian partner to have 49% stake in venture. Herndon (Virginia), Nov. 19 IT majors including Wipro, TCS and L&T Infotech may be in race to partner the Department of Telecom’s technical wing Telecom Engineering Centre (TEC) to set up a ...
BHEL in talks with Sheffield, Kobe for nuclear forgings facility
Bharat Forge may also be part of the project. New Delhi, Nov. 19 Amid a shortage of critical equipment for nuclear plants globally, Bharat Heavy Electricals Ltd (BHEL) is planning to set up a greenfield manufacturing base in India for ...
Set right anomalies in excise structure, say carmakers
Auto sector unlikely to heed Finance Minister’s call. Mumbai, Nov. 19 The auto industry is still flummoxed over the Finance Minister, Mr P. Chidambaram’s comment on Tuesday that prices of cars and two-wheelers could be reduced in ...
Hotel sector feeling the slowdown heat
20-30% additional room capacity plan to be deferred. Mumbai, Nov. 18 The heat of global economic meltdown is being felt by upcoming hotel projects in India. Some of these ventures are likely to be delayed or put on ...
Gold demand mocks economic slowdown, hits record high
Indian demand increases 66% on safe haven bids. Mumbai, Nov. 19 Despite the global economic gloom, demand for gold in India registered the highest growth of 66 per cent at Rs 30,600 crore in the third quarter of 2008 as investors sought a safe ...
Deal space post meltdown
There is a near equal division among the constituents of the global economy - those who blame `mark to market' accounting for the onset of the credit crunch itself and those who credit it for the early detection of the crunch.. The falling ...
‘You will still need lipstick and cream during a recession’
The Sweden-based direct marketing cosmetic major Oriflame is upbeat despite the slowdown.. Recession doesn’t worry direct selling company Oriflame. For one, it helps more people come into the direct selling business and second, cosmetics ...
Easterly wave kicks up weather over southeast coast
Thiruvananthapuram, Nov. 19 A fresh easterly wave originating from the West Pacific-South China Sea and travelling west is impacting the Bay of Bengal, switching on some weather activity along the southeast coast ...
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