Published on 17 Aug, 2008, 1223 hrs IST, by IANS in www.economictimes.indiatimes.com
Despite the global economic slowdown, capacity expansion plans of Indian corporates surged to Rs.10.5 trillion ($244 billion) in the first six months of the current fiscal against Rs.5.67 trillion in the same period last year, an industry lobby said.
According to the Associated Chamber of [...]
Maharashtra leads as India Inc’s investment plans rise to $244 bn
$1b Investment vehicle follows Trump Jr.’s visit to Mumbai
BY CHRIS NELSON August 15, 2008, in the www.indusbusinessjournal.com
Late last November, Donald Trump Jr. – the son of the brash American real estate tycoon and reality-TV star – appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent’s booming property market.
Trump, the executive vice president of development [...]
Logistics firms eye Mumbai for major investments
By Rahul Chandran Tue, Aug 19 2008. 11:51 PM IST for www.LiveMint.com
Mumbai has emerged as the most preferred destination for logistics and warehousing companies with proposed investments for setting up logistics parks in the city touching around $200 million (Rs872 crore), a report said.
Despite their lack of support infrastructure, smaller cities such as Nagpur in [...]
Mumbai leads, as infrastructure drives employment
Press Trust Of India / New Delhi August 20, 2008, 17:48 IST, Published in www.Business-Standard.com
Flooded with huge investements, India’s infrastructure sector has emerged as the top employment generator cornering 12 per cent share in the total jobs created during the first three months of 2008-09, a study by industry chamber Assocham has said.
The sector created 12,580 [...]
Mumbai: World’s 7th largest billionaire city
Gourmet restaurants, world-class nightclubs, favorable tax breaks–not to mention proximity to the world’s financial centers. These are some of the attributes that make a city particularly attractive to billionaires and cause many of them to cluster in the same urban communities. It’s no wonder, then, that one in three billionaires call one of 10 cosmopolitan [...]
Maharashtra proposes projects worth US $ 17 billion
MUMBAI: Maharashtra government has proposed undertaking projects worth US $ 17 billion in the state for boosting infrastructure through public-private sector partnership.
This was announced by Chief Secretary Johny Joseph during a meeting with Gajendra Haldia, advisor to Planning Commission at Mantralaya.
The investment is being envisaged in 92 projects aimed at strengthening and improving infrastructure in [...]
Maharashtra continues to lure global auto majors
(from TheHinduBusinessLine.com) By Amit Mitra, Rahul Wadke Mumbai, March 31
Maharashtra’s thirst for big-ticket investments in the automobile sector is not about to be satiated.
After signing three major MoUs with Mumbai based vehicle makers Tata Motors, Mahindra & Mahindra and Fiat India Automobiles last week involving ramping up production capacities, the Maharashtra Government is now close to [...]
Tata gets Jaguar & Land Rover for $2.3 billion
The Mumbai based Tata group has acquired Jaguar & Land Rover for $2.3 billion.
It took nine long months of tough negotiations for Tata Motors. But in the end they have acquired Jaguar and Land Rover from Ford, for less than half the price Ford paid to purchase Jaguar in 1989 and Land Rover from BMW in 2000.
Many are sceptical [...]
Larsen & Toubro: Blazing a trail in engineering capability
(from the Hindu Business Line, Mumbai, Dec. 21)
They may have started out as a company importing cement machinery from Europe. Along the way they built up capability to fabricate some on their own. But today they are present a wide range of projects from constructing atomic power plants to highways.
Seven decades since inception, the Mumbai-based [...]
TATAs world’s 3rd most accountable group
Press Trust of India
The Mumbai-based, Tata Group, easily India’s most respected business house, has been named the world’s third most accountable and transparent company by Britain’s One World Trust although US hotel chain Orient-Express has not found it worthy of an alliance.
According to Rob Lloyd, the report’s lead author, the assessment is a measure [...]
