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Gurgaon News: Bird Flu alert in Gurgaon

The lethal bird flu that has hit Maharashtra has cast its shadow over Gurgaon too, with district administrator sounding alert and taking preventive measures to check the spread of H5NI virus that causes bird flu. The animal husbandry Department, Wild Life Department and Health Department are gearing up to tackle any eventuality.

Gurgaon Property News: Vatika Infotech City at Jaipur

After casting success stories with the best of commercial and residential projects in Gurgaon, the Vatika Group takes its next leap in Jaipur with its next Project- Vatika Infotech City on Ajmer Road.......

Gurgaon News:Bhiwadi gets Sunshine City

South of South Delhi, at driving distance from the Sohna Gurgaon cluster, Bhiwadi is the new focus suburbia. Bhiwadi, a regional center/priority town of the NCR is the focal point as a residential suburb to surrounding MNCs and industrial complexes in Manesar (Gurgaon).....

 Gurgaon News: Councillor held for gangster's murder in court

The Gurgaon police have arrested two people, including a municipal councilor, for their involvement in the February 15 court complex shootout. Three unidentified assailants killed gangster Dharambir Ullavasia when the police was taking him to a courtroom lockup. The killing, police said, was ordered by another gangster who is serving trial in Gurgaon jail in a murder case.

Gurgaon News: Real estate project propels Media Video

Media Video today shot up smartly on the BSE following an official announcement regarding one of its real estate projects. Incidentally, Business Line on January 23 had first reported the news regarding the country’s top DVD manufacturer’s new venture.

Ranbaxy Successfully Invalidates Atorvastatin Patent in Austria

Ranbaxy Laboratories Limited (Ranbaxy) announced on Wednesday that a five-judge panel of the Supreme Patent and Trademark Board of Austria (OPM) has unanimously affirmed an earlier ruling of the Austrian Patent Office, invalidating claims 1-3 (all claims sought by Ranbaxy to be invalidated) of Pfizer's Austrian Patent AT 207896, covering Atorvastatin calcium (Lipitor).

Gurgaon News: luxury bus fleet for Gurgaon next month

An air-conditioned low-floor Compressed Natural Gas-fuelled intra-city bus service will soon be started in Gurgaon. The service is being started by the Haryana government to target Gurgaon’s upmarket newer areas. the service is expected to start within a month.

Gurgaon News: HUDA clears all backlog

After a lot of discrepancies in issuing completion certificates, the HUDA administrator had announced that the applications for certificates and issuing of certificates would take place from a single window

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SITEL sets up fifth centre in Gurgaon

India Business News: As part of its expansion plans in India, SITEL Corporation — a leading provider of contact centre and back office services — has set up its fifth contact centre in India in Gurgaon. Leveraging on the significant talent pool in the capital region, the centre will initially focus on the financial...

Canon opens Master Service Centres in Gurgaon, Mumbai

India Business News: Canon India announced the inauguration of its Master Service Centres in Mumbai and Gurgaon. Spread over 2000 square feet each, these are the first Canon owned camera repair and service centres designed on international standards. The company has invested Rs 5 million on each of...

An ode to Chandigarh’s burger man

India Business News: IT IS an ode that would satisfy many, many palates here. The sons of leading entrepreneur Anant Bir Singh, who gave Chandigarh its first taste of burgers in 1979 with the hugely popular Hot Millions chain, have dedicated a restaurant in his name. The eponymous AB's after the retired 

An ode to Chandigarh’s burger man

India Business News: IT IS an ode that would satisfy many, many palates here. The sons of leading entrepreneur Anant Bir Singh, who gave Chandigarh its first taste of burgers in 1979 with the hugely popular Hot Millions chain, have dedicated a restaurant in his name. The eponymous AB's after the retired 

INDIA BECKONS - SAP lines up $1 billion

India Business News: CURRENT STATUS $500m SAP’s total investment in Indian market till date HEADCOUNT 3,500 Targeted headcount in india by the end of 2006, up from the current 2,750 R&D $38.4m Money to be spent on beefing up the research and development facilities in India JOINING THE 

Noida to Nasdaq: EXL is latest BPO in US gold rush

India Business News: AFTER INFORMATION technology companies, their close cousins, Indian business process outsourcing (BPO) firms, which offer everything from call centre operations to accounting services, are now on an overdrive to get listed on U.S. stock exchanges. While these firms may have 

Under-recoveries on fuel sale climb to Rs 91,053 cr

India Business News: SPIRALLING CRUDE oil prices have pushed up the revenue loss of oil firms on sale of petrol, diesel, LPG and kerosene to Rs 91,053 crore, necessitating an additional government assistance in the form of oil bonds of Rs 34,153 crore during the current fiscal. Government had on June 5..... 

FDI cap in 5 sectors likely to remain

India Business News: INVESTMENT COMMISSION’S recommendations notwithstanding, the UPA Government may not remove the foreign direct investment (FDI) cap in five major sectors, including telecom, banking, print & electronic media, defence production and insurance sectors.

Mukesh Ambani, Rahul Bajaj differ over SEZ concessions

India Business News: PM’S TRADE and industry council meeting last Thursday was marked by a short faceoff of sorts between two industry ti- tans — Rahul Bajaj and Mukesh Ambani — on fiscal concessions for the manufacturing sector.

Govt concerned over China’s WTO tactics

India Business News: A NEW submission by China to the World Trade Organisation (WTO) outlining the country’s subsidy regime is now being examined by Indian government, with many seeing the paper as an incomplete account of the breaks that the Chinese government gives to its companies...

Wipro nets 45% rise in Q1 profit at Rs 620 cr

India Business News: Bangalore: Wipro, like Infosys, has come up with a better-than-expected performance in the quarter ended June 30, 2006. The net profit at Rs 620 crore, was higher by 45% over the corresponding quarter in the previous year. Wipro also managed to beat its muted revenue guidance.. 

Maruti rolls out LPG car, Hyundai to follow

India Business News: New Delhi: Here’s your chance to Go Green! As part of attempts to clean up the tailpipe exhausts and reduce the pressure on your pockets, car makers — led by Maruti and Hyundai — are rolling out cars powered by liquified petroleum gas.The country’s first LPGpowered car — WagonR.. 

Nokia’s CDMA pullout gives Brightpoint nightmares

India Business News: BRIGHTPOINT INC. is talking to other telephone makers about distribution deals in India, hoping to bounce back from a decision by Nokia that effectively ends their exclusive partnership in that country, Brightpoint's chief executive said on Monday...

Ashok Leyland in Rs 1,800-cr deal with ANG

India Business News: BUS AND truck major Ashok Leyland on Tuesday placed a five-year order for tractor trailers on ANG Auto Ltd running up to Rs 1,800 crore. The order would be executed by ANG subsidiary ANG Auto Tech and the company will invest Rs 61 crore for setting up a 6,000 unit annual..

Rise and fall of IPOs

India Business News: THE BEAR hug is tighter on the primary capital market than the secondary one. All the bigticket public issues slated to enter in June or July have either been delayed or postponed for the time being.Why is it so? Besides the ...

BRANCHING OUT - TCL working on a global footprint

India Business News: TATA CHEMICALS Limited (TCL) will be scouting for more acquisitions to "close gaps in product portfolios and geographic presence". India's largest soda ash and edible salt producer is also looking at introducing cropspecific high-value fertilisers in the Indian agricultural... 

D STREET BLUES - Global tremors shake Sensex

India Buisness News: AS IF the escalating conflict in the West Asia was not enough, the news of an earthquake in Indian Ocean and subsequent tsunami warning for Indonesia and Australia rattled the investors. The global geopolitical phenomenon took a toll on the Indian stock markets.

G-8 calls for ‘open’ energy markets

India Business News: G-8 SUMMIT leaders pledged on Sunday to promote "open, transparent" energy markets and to develop nuclear energy as an alternative energy source for those who want it, they said in a statement....

At Wipro, innovation pays, and how

India Business News: FOR THE first time since their inception six years ago, Wipro's innovation initiatives are beginning to pay off. The innovation initiatives include establishing centres that facilitate specific R&D projects and centres of excellence (CoE) which have contributed five per cent of its revenues and 

RIL kicks off ‘new city’ plan

India Business News: MUKESH AMBANI’S journey to create a new city just outside Mumbai has begun. Reliance, which is setting up two special economic zones (SEZs) on 14,000 hectares of land, starting from outside New Mumbai and going up to Pen in the Konkan region, has kicked off the process

McCann, Lodestar to merge

India Business News: INTERPUBLIC GROUP will consolidate its media entity by merging Universal McCann and Lodestar into one single entity with focus on gradually moving the global backend media research work into India.

KPMG shortlists partners for BBC’s India expansion

India Business News: MANAGEMENT CONSULTANTS KPMG have identified three possible partners for BBC Worldwide’s India foray. BBC is looking at launching more than five television channels in India and has engaged KPMG for studying the market and suggesting possible joint venture partners.

MATTER OF POLICY - Real estate investment trusts: The way to go?

India Business News: IT HAS been more than a year since the real estate sector was opened for foreign investors in India. The response from investors has been absolutely overwhelming and by varied estimates more than $15 billion of foreign funds are awaiting investments in India.

Why steel MNCs fancy India

India Business News: FIRST CAME Posco and now Mittal (even Arcelor was interested). Why are the global steel majors heading for India? Well, India offers them a market which is growing faster than China’s, and has iron ore, a key input for making steel.

Corp India seeks to defend base

India Business News: WITH TAKEOVER threats looming large, the Indian corporate is asking the government to provide a level playing field to match the financial muscles of multinational giants. “The government should remain neutral, but at the same time, the board should be given ample authority as they are available in the developed countries,”.. 

WTO TALKS - India voices concern over EU, US proposals

India Business News: INDIA HAS voiced concerned over two recent proposals made by the European Com- mission and the US seeking further prohi- bition of subsidies provided to export-ori- ented industries. Both the EC and US have proposed sub- sanative changes in the agreement on subsidies. 

Infosys net up 50%; revises guidance

India Business News: RIDING ON bigger orders and higher prices, Infosys Technologies Ltd announced a better-than-expected net profit of Rs 800 crore for the first quarter of 2006-07, a whopping year-on-year growth of 50.4 per cent, on Wednesday. The net profit increased sequentially. 

India most preferred pvt banking destination

India Business News: INDIA IS emerging as one of the most preferred private banking destinations at a time when the global private banking and wealth management industry is witnessing a boom in the M&A (Mergers and Acquisition) activity, a KPMG report has said....

Tata Motors to raise rates, hikes dividend

India Business News: TATA MOTORS may increase prices of its vehicles in the coming financial year. Citing increasing margin pressure due to rise in prices of four critical commodities, Tata Sons chairman Ratan Tata made the announcement in the company's annual general meeting here on Tuesday....

MITTAL IMPACT - India Inc dreads MNCs

India Business News: THE HOSTILE acquisition of Arcelor by Mittal Steel and the stand taken by the government of India on this issue has sent shock waves through the India Inc. They are worried how to protect their companies from foreign predators. As Indian pro moters own less than 30 per cent.. 

Hilton eyes mega expansion, including India

India Business News: Hotel group Hilton intends to expand its 2,800 worldwide properties to more than 4,000 within five years. The expansion drive follows the reunification of the Hilton brands under one company earlier this year when Hilton in America bought out its UK counterpart, Hilton Group....

Industry offers help for ITI upgrade

India Business News: THE INDUSTRY has sought fiscal incentives from the Center for investing in industrial training institutes (ITIs) in their up gradation and programmers. The finance ministry, sources said, may be favourably inclined to consider offering some form of fiscal sops to industry to... 

Lanka offers India, China blocks for oil exploration

India Business News: THE SRI Lankan cabinet has decided to offer India and China, blocks for exploration of oil off the north western coast of the island country. But India is not exactly jumping with joy because a preliminary survey found that the areas were not promising. The state-owned Daily News on.. 

Hedging grows in choppy market

India Business News: HOW ARBITRAGE WORKS Suppose an arbitrage fund has Rs 100 crore It buys different equities worth Rs 75 crore in the cash market in July Then, on the same date, it sells exactly the same number of these equities in the futures market, not carry any equity risk in its books Normally.. 

Indian BPO firm EXL Service acquires Inductis

India Business News: ExlService Holdings, Inc., one of the top five BPO firms in India, has announced the acquisition of Inductis, a leading strategy and analytics company serving the financial services and insurance industries. As a result of the acquisition, Inductis will become a wholly-owned and independently branded subsidiary of EXL, focusing on.... 

Sebi to allow lending of shares, volatility may rise

New Delhi (India News): Lending of shares, to sell them without owning, would be allowed soon. M Damodaran, chairman of Sebi, said its board has discussed various concerns over lending of shares with a view to implement it.
Brokers and analysts feel that the implementation of stock lending would increase volatility in the market. But, at the... 

Mittal’s super gift for Orissa

Unveils Rs 30,000-40,000-Cr Plan For A 12 MT Steel Plant
Bhubaneswar News (India): Aiming to concretise his India dreams, Lakshmi Niwas Mittal on Friday gave a belated rath yatra gift to Orissa, announcing a 12 million tonne per annum (MTPA) steel facility in the eastern state with an estimated investment of Rs 30,000 crore to Rs 40,000 crore. The steel king said he hoped to sign an MoU in the near future.

ONGC, GAIL sign 15-year gas deal

India Business News:PUBLIC SECTOR majors Oil and Natural Gas Corporation Ltd (ONGC) and GAIL (India) Ltd here on Friday signed a 15-year gas supply agreement (GSA) for the supplies from ONGC oil and gas fields. The GSA was signed by ONGC CMD R.S. Sharma and GAIL CMD Proshanto Banerjee....

Dell wants to use India's technical abilities: Rollins

Gurgaon (India News): Dell is the top seller of computer systems worldwide. The $56 billion company, based in Texas, has a significant presence in India. It recently announced its fourth customer contact center to be located in Gurgaon.

Indian Backoffice Firm Exl Buys Inductis

India Business News: Indian backoffice firm ExlService Holdings Inc said on Thursday that it had bought financial analysis firm Inductis to broaden its menu of services, according to media reports.Inductis has offices in Gurgaon near New Delhi, New York, New Jersey and Singapore and posted revenue of about $20 million in 2005.

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Gurgaon’s rocketing realty reality is not a slave to up market satellites of New Gurgaon now. Citizens are looking past the millennium town now, moreover according to industry connoisseurs, the subsequent destination for realty investors is the Gurgaon-Sohna road, on the Delhi-Jaipur highway.

 

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Gurgaon News: Squatters encroach on HUDA’s green belt

Encroachments on public land are a common sight across the city. But the problem moreover exists on the green belt areas declared by the HUDA. The residents of Phase II and III have been the most affected as the green belt between these two residential areas has been encroached by squatters and converted into small illegal markets.

Gurgaon Education News: MDI goes global

Management Development Institute, Gurgaon, is spreading its wings across the world to emerge as a truly global B-school.

Gurgaon News: Haryana booze policy to be redrawn in new spirit

THE HARYANA government looks set to open up liquor business in a big way in major cities of the state. Its new Excise policy aims at increasing the number liquor shops in all cities, including Gurgaon. The state is all set to scrap the conventional auctioning system of liquor vends to a single trader. The administration is likely to allocate retail shops to individuals under a new licensing system in its excise policy 2006-07, effective form April 1.

RWA protests scuttle shooting of Amitabh-Tabu starrer in Gurgaon 

When the cast and crew of Chini Kum- Amitabh Bachhan and Tabu included - turned up at the exclusive Malibu Towne estate here early on Friday, the reception they got was, well, bitter.Members of the township’s Resident Welfare Association were not impressed with the crew’s contention that they had taken permission from the builders - Malibu Towne Estate Ltd (MTEL).

Gurgaon News: HUDA to put licensed colonizers’ list on web

HUDA to put licensed colonAt the time state’s property prices are rocketing skywards, more and more people are investing especially in Gurgaon. At the time when various colonizers are coming up with their news projects, many buyers have ended up losing their hard earned savings by investing in the properties developed by unlicensed colonizers,.....

 

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