India News

Big service sector firms like Genpact, Wipro, and Teledata are planning to spread wings in Madhya Pradesh.

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With a new hotel policy in place, leading hotel chains have started showing interest in Rajasthan. The state, which is a popular tourist destination both among foreign and domestic tourists, is likely to see major investments in the tourism sector soon.

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Plans Rs 500cr residential, commercial projects.Bangalore-based Mantri Developers Private Limited has announced plans to invest Rs 500 crore in residential and commercial projects in Hyderabad this year, as part of its strategy to grow as a strong South Indian player.The company is looking at spending an equal amount on similar projects in Chennai during the same period.

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In a move that will affect the business of over 1,000 cable operators in north Delhi and over 800,000 homes with cable connections, North Delhi Power Ltd (NDPL), a joint venture of Tata Power and the government of Delhi, has initiated the removal and confiscation of illegal and unauthorised cables, wires, and other equipment of cable TV operators installed on NDPL's electricity poles, towers or street light poles.

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If current trends are to be believed, the AC Neilson prediction that light electric vehicles (LEVs) have the potential to touch two lakh units by 2008 could well be an understatement.

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The French aircraft spare parts maker Recaero will open its own plant at Bidadi, about 30 km from Bangalore.Racaero supplies spare parts to aeroplane makers, including Airbus. The 1,000 square metre facility is the first extension of the firm’s facility and will cost it 1 million euros, including the machinery. The facility is only 25 per cent ready now.

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Thanks to the Aero India 2007 air show, running from 7-11 February at the Yelahanka Air Force Base near Bangalore, visitors are paying up to $1000 for a night in the city’s more tony hotels.

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The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land and displacement of a large number of people.

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The Mumbai police will shortly be asking net-based e-mail service providers MSN and Yahoo to track down the mailing history of VSNL employee Prashant Indulkar, who has been accused of leaking crucial information to a rival company.

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Defending its policy of liberalising foreign direct investment (FDI) in retail, the government today confirmed that it would go ahead with its plan to expand its ambit, despite objections raised by Congress President Sonia Gandhi in a letter written to the Prime Minister’s Office (PMO)on 11 January.

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