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Reliance Retail Launches Reliance Super in Amritsar | INRnews
2007-12-20 07:35:00
New Delhi, India, December 20, 2007 - Reliance Retail Ltd. announced the launch of a new format “Reliance Super ” at Suraj chand tara cinema , Ground floor , Plot number 2 , City Centre , Amritsar. After the successful launch of the various formats - Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the Ninth format of stores from Reliance Retail to be launched in India.

Pride Hotel gears up for expansion of Rs. 340 Crores | INRnews
2007-12-18 07:59:00
Mumbai, India, December 18, 2007 - Pride Hotel s announced today, that it has received a significant investment from Kotak India Real Estate Fund towards part financing of its Rs. 340 crore expansion-cum-renovation plan.
More About: Hospitality Industry , Expansion , Gears

TI Cycles launches ?BSA GO? store in Kolkata | INRnews
2007-12-04 08:33:00
Kolkata, India, December 04, 2007 - TI Cycles of India, part of the Rs.8,500 crore Murugappa Group, announced the launch of their ‘BSA GO’ store, a unique bicycle, fitness equipment and infant products store in Kolkata. The 1080 sq.ft, ‘BSA GO’ store is located at, 83, S.P.Mukherjee Road, Kolkata 700026. This speciality store offers a complete range of Hercules & BSA, brands of bicycle, fitness equipment and infant products.
More About: Store , Kolkata

D-Link India inaugurates its new R&D center at Bangalore | INRnews
2007-12-04 08:32:00
Bangalore, India , December 04, 2007 - D-Link India Ltd. India’s premier networking company today inaugurated its new R&D center at Electronic City, Bangalore. The new R&D center was inaugurated by Prof. N. Balakrishanan, Associate Director, Indian Institute of Science, Bangalore in the presence of Mr. K. R. Naik, Executive Chairman, D-Link India Ltd., Mr. Jangoo Dalal, Managing Director & CEO, D-Link India Ltd. and more than 400 D-Link employees and customers.
More About: Bangalore , Center

J Kumar Infraprojects to enter capital market | INRnews
2007-12-04 08:31:00
Mumbai, India, December 04, 2007 - J. Kumar Infraprojects Limited (the "Company"), an ISO 9001:2000 certified civil engineering and infrastructure development company with a primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways, has filed its Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"). It will enter the capital market soon with an Initial Public Offering ("IPO") of 65,00,000 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% book-building process.
More About: Market , Infrastructure , Enter , Capital

Prudential Financial & DLF Ltd form Asset Management JV | INRnews
2007-12-04 08:28:00
New Delhi, India, December 04, 2007 - U.S.-based Prudential Financial , Inc (PFI) and the DLF Group, India's largest real estate developer, today announced that they have signed an agreement to establish a joint venture company in India, subject to regulatory approval.  PFI, the financial services leader with approximately $637 billion of assets under management as of September 30, 2007, was the world's 14th largest institutional asset manager based on worldwide assets under management, as ranked by Pensions & Investment s, US trade publication, as of Dec 31st, 2006.
More About: Management , Form , Asset

Cinemax launches Cinemax Gandhinagar | INRnews
2007-12-03 11:29:00
Gandhinagar, India, December 03, 2007 - Cinemax , the leading multiplex chain in India, celebrated this festive season with great pomp and style as it launched a four screen multiplex at Gandhinagar on 1 December, 07. The luxurious property opened its plush and high tech interiors with the biggest releases of the year "Aaja Nachale", "Om Shanti Om" and "Goal". The celebration and excitement went up a level higher, as none other than the Bollywood hunk – John Abraham inaugurated the new property to set the multiplex functioning!
More About: Gujarat

The Taj Group launches Gateway Hotel in Vijayawada | INRnews
2007-12-03 11:27:00
Vijayawada, India, December 03, 2007 - Taj Hotel s Resorts and Palaces, today unveiled a new Gateway Hotel at Vijayawada. Conveniently located on MG Road, the Hotel is easily accessible from the railway station and the airport. Extremely stylish and modern, The Gateway Hotel, MG Road, Vijayawada is clearly the best option in the city for the business traveler. The hotel offers the largest room size in the city and combines the full suite of contemporary facilities to make every customers stay a refreshingly enjoyable experience.
More About: Group , Vijayawada , Jaya

SEZs have been a success: G K Pillai | INRnews
2007-12-03 08:34:00
New Delhi, India, December 03, 2007 - Describing the success of the SEZs in India, Mr Gopal Krishna Pillai, Secretary of Commerce, Ministry of Commerce and Industry, India said that the response from Indian SEZs has been tremendous. The Government has already formally approved 404 SEZs, of which 172 have been notified. About 60 of these have already generated direct employment of about 52,000 and indirect employment of 1,00,000. With growth likely to be exponential, these numbers could shoot up to 150,000 by March 2008 and to 600,000 by the end of 2009. He also expected the foreign direct investment in SEZs to increase 3-4 fold within the next year. He added that from the government’s perspective, SEZs have been a success.
More About: Success

JLLM head on Maharashtra's scrapping of the Urban Land Ceiling Act | INRnew
2007-11-30 12:06:00
Mumbai, India, November 30, 2007 - The Central Government had not considered states like Maharashtra and Andhra Pradesh when it repealed the ULCRA in other states like Gujarat, Karnataka and Punjab. It had its reasons, but it became evident that the ULCRA rendered valuable land useless for all practical purposes. In India, land constitutes approximately 50% of the price of real estate.
More About: Urban , Land , Head , Hara

Orbett Hotels opens its doors to Pune | INRnews
2007-11-30 12:02:00
Pune, India, November 30, 2007 - (press release) The Jagdish Group today officially announced the launch of their second property in Pune called as Orbett Hotels . The four star property will be officially launched on the 29th November at the hands of the “Chak De” team. The pioneering heads of this project are Directors Jagdish Agarwal, Vijay Agarwal, Shyam Agarwal & Akhil Agarwal.
More About: Pune , Doors

Omaxe forays into SEZ development | INRnews
2007-11-30 11:31:00
New Delhi, India, November 30, 2007 - Omaxe, one of India’s leading real estate companies with footprints in 30 towns and 9 states today announced its foray into development of Special Economic Zone (SEZ) by signing Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a multi product SEZ in District Alwar of Rajasthan spread over the area of 5000 hectare.
More About: Development

AMD osets up new R&D facility in Bangalore | INRnews
2007-11-29 11:36:00
Bangalore, India, November 29, 2007 - AMD, a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets, today announced the opening of a new silicon design and platform research and development (R&D) facility in Bangalore.
More About: Bangalore

3i India Infra Fund to invest US$101m in Soma Enterprise | INRnews
2007-11-29 11:33:00
Hyderabad, India , November 29, 2007 - 3i India Infrastructure Fund (the “Fund”), an investment fund established by 3i Group plc (“3i”), a leading global private equity and venture capital company, has invested US$101 million for a minority stake in Soma Enterprise Limited (“Soma”), a Hyderabad-based engineering and construction firm. Company director Ankineedu Maganti and his family will maintain a large majority stake in the business.
More About: Investment , Invest

Koutons Retail wins coveted Chain Store of the Year Award | INRnews
2007-11-27 11:39:00
New Delhi, India, November 27, 2007 - Koutons Retail India Ltd has won the prestigious "Chain Store of the Year " Award at the National Awards for the excellence in Apparel business organized by the Clothing Manufacturers Association of India (CMAI). Koutons is also credited with another award of "Brand Entrepreneur of the Year" Award at the APEX AWARDS 2007 organized by CMAI here. This award function coincided with the Asian Apparel Conference hosted by CMAI, where leaders in Apparel industry from 10 Asian countries including China, India, Vietnam, Indonesia, Pakistan and Bangladesh participated.

MIAL awards contract to DFS Group for duty free retail | INRnews
2007-11-27 11:37:00
Mumbai, India, November 27, 2007 - Mumbai International Airport Private Limited (MIAL) today awarded the duty free retail contract for Chhatrapati Shivaji International Airport (CSIA), Mumbai to DFS Group Limited.
More About: Awards , Free , Mumbai , Retail , Contract

Bata India revamps its retail strategy | INRnews
2007-11-26 11:44:00
Mumbai, India , November 26, 2007 - India’s leading footwear retailer Bata India Ltd. is all set to redefine footwear retailing! The only footwear retailer with more than 1100 outlets, the company has opened 70 all new international look outlets across India in the last 10 months. These include Flagship Stores in Bangalore & Trivandrun, City Stores and Superstores in Coimbatore, Hyderabad, Thane, Delhi & Ghaziabad and Family Stores in Delhi, Ludhiana & Nasik.
More About: Strategy , Retail

Kolkata office and retail real estate on growth path | INRnews
2007-11-21 21:31:00
Kolkata, India, November 22, 2007 - Kolkata has all the ingredients for high growth in its real estate market, according to real estate services firm Jones Lang LaSalle Meghraj (JLLM). One of the oldest urban agglomerations in the country, Kolkata lost its position as the erstwhile commercial capital of India to Mumbai due to the socialist manifesto adopted by the West Bengal government post-independence. Now JLLM believes the state is witnessing a resurgence driven by government policy and support for the service industry and infrastructure development that is once again attracting industry and capital to the city.
More About: Office , Estate , Real Estate , Retail , Growth

Assocham to hold conference on urban land markets & finances reforms | INRn
2007-11-21 21:29:00
New Delhi, India, November 22, 2007 - ASSOCHAM is organizing a one day conference on the theme “Urban Land Markets & Finances : The Legal, Financial & Procedural Reforms” on 28th November, 2007 at Hotel Intercontinental The Grand, New Delhi.  28th November 2007, Intercontinental The Grand, Barakhamba Avenue, New Delhi
More About: Policy

Land plots to be auctioned in Visakhapatnam | INRnews
2007-11-21 21:27:00
Visakhapatnam, India, November 22, 2007 - On behalf of the District Collector, Visakhapatnam, VUDA invites bids to dispose off Bulk Land Plot s ranging from 3.00 Acres to 10.00 Acres in Madhurawada area and 27.00 Acres Plot in Paradesipalem in the limits of Greater Visakhapatnam Municipal Corporation (GVMC) through OPEN AUCTION cum SEALED TENDERS at VUDA Children Theatre (A/c Auditorium), Visakhapatnam from 10.00 A.M onwards on 5th December 2007.
More About: Visakhapatnam

Retail space in Kolkata heating up | INRnews
2007-11-21 21:25:00
Kolkata, India, November 22, 2007 - The retail space in Kolkata is heating up with over 17 new malls to come up in the city within two years with an additional 5.5 million sq ft of retail space.
More About: Space , Commercial , Retail , Kolkata , Heating

London, Mumbai top list of world's most expensive office markets | INRnews
2007-11-21 21:22:00
Mumbai, India, November 22, 2007 - London ’s West End, Mumbai, the City of London and Moscow are the top four most expensive office markets in the world, according to CB Richard Ellis Research’s semi-annual Global Market Rents survey. The report tracks the world’s most expensive markets as well as markets with the fastest growing rents over the past 12 months.
More About: Office , Commercial , Markets , Mumbai

DLF invites Private Equity players to its middle income homes business | IN
2007-11-20 16:37:00
New Delhi, India, November 20, 2007 - DLF Ltd has announced that the Company has attracted participation of private equity real estate funds in its township projects by diluting 49% equity stake at a premium, in seven residential projects to a Merrill Lynch & Co entity for a consideration of Rs 1481 crore.
More About: Business , Players , Investment , Private Equity , Income

Gulf Finance House to invest over US$ 2 billion in Mumbai | INRnews
2007-11-20 16:32:00
Mumbai, India, November 20, 2007 - Bahrain-based Gulf Finance House (GFH) is investing over US$ 2 billion in a green field site close to Navi Mumbai, near to the commercial capital's airport. GFH has already raised US$ 630 million towards the initial development and infrastructure requirements of the project.
More About: Investment , Mumbai , Invest

ADB helping India promote PPP in infrastructure | INRnews
2007-11-20 15:18:00
Mumbai, India , November 20, 2007 - The Asian Development Bank (ADB) is providing a $2 million grant to help the government of India increase cooperation between the public and private sectors in infrastructure development.
More About: Promote , Infrastructure , Mote

Vipul to invest Rs 13,000 crore on real estate projects | INRnews
2007-11-20 14:59:00
Gurgaon, India , November 20, 2007 -  Real estate developer Vipul Ltd plans to invest Rs 13,000 crore in the next five years to expand from its base in North India to other markets in the country.  The major investment will go towards developing its existing land bank.
More About: Projects , Estate , Real Estate

GTC Industries to develop real estate assets | INRnews
2007-11-20 13:58:00
Hyderabad, India, November 20, 2007 - GTC Industries has announced that it is planning to explore the possibility of doing real estate development in which context it has already signed a Development Agreement for its Hyderabad property.
More About: Estate , Real Estate , Hyderabad , Real

Twilight Litaka mulls plans for land in Pune district | INRnews
2007-11-20 11:55:00
Mumbai, India, November 20, 2007 - Twilight Litaka Pharma Ltd has announced that the Company is frequently receiving questions regarding sale of its land at Vadgaon Maval. The Company therefore feel the necessity to clarify this issue to its Shareholders and prospective investors.
More About: Maharashtra , District , Plans , Pune , Land

GTL Infrastructure signs MOU with IDFC Project Equity | INRnews
2007-11-20 10:53:00
Mumbai, India, November 20, 2007 - GTL Infrastructure Ltd (GTL Infra) has announced that the Company has signed a Memorandum of Understanding (MoU) with IDFC Project Equity Company Ltd. (IDFC Project Equity), to form a Special Purpose Vehicle (SPV) that shall address the Telecom Tower Infrastructure acquisition opportunities.
More About: Signs

3i Infotech announces major expansion plans in Chennai | INRnews
2007-11-19 17:16:00
Chennai, India, November 20, 2007 - 3i Infotech Ltd has announced that the Company recently unveiled its expansion plans in Chennai. The Company announced the launch of its first International Data Centre (IDC), which will offer managed hosting services for application and disaster recovery solutions.
More About: Chennai , Plans , Major , Expansion , Anno