The Mumbai-based Sarovar Hotels and Resorts is looking forward towards catering to the needs of mid-upper middle level businessmen and holiday makers in India. It therefore opened Hometel previous week as the country’s first branded budget hotel and has eight more such hotels in the pipeline. ...

In alliance with international technology partners, the Larsen & Toubro (L&T) has clinched engineering orders worth Rs 3,816 crore from a number of clients in the metal industry. The L&T Company officials informed that their alliance with the Outotec GmbH of Germany and Paul Wurth of ...

Reportedly, real estate major SRK Group will be investing Rs 5000cr in diverse properties across the country. The developmental program will be carried out in next five years and will expand in various cities of India. The Pune based company’s Chairman and Managing Director K Rasheed ...

BEML (Bharat Earth Movers Limited), an Indian Public Sector Undertaking has appointed Dilip Biswas as part-time director. Company informing Bombay Stock Exchange said that Mr Biswas will take the place of Mohd. Haleem Khan, (Addi. FA & JS), who ceased to be a Director.
 
This Public ...

The Tata sons’ fully owned subsidiary, Tata Housing Development Company Ltd. declared on Thursday, August 7, that it is foraying into the real estate market of North India by developing a 200 lakh square feet property. Speaking about its Gurgaon’s Raisina Residency project, Tata Housing ...

In order to foray into the hospitality segment, the well-known real estate company Parsvnath Developers announced on Wednesday, August 6 that it is going to construct a four star hotel in Lucknow. The proposed hotel will cover an area of 150,000 square feet and will have 130 rooms. ...

GMR, a big name in infrastructure and construction world is looking to bid for Russian airport at Pulkovo at St Petersburg. Noteworthy point is that, Russian government has decided to privatize the third largest airport of the country, and bids are invited for the same.
 
GMR CFO Ashutosh ...

The Steel Authority of India Limited (SAIL) has entered into a 50:50 joint venture (JV) with the Manganese Ore India Limited (MOIL) of Nagpur for building a million tonne ferroalloys plant at Bhilai. This project will approximately incur an investment of INR 400 crore.
 
Responsibilities ...

Hinduja Groups’ vehicle manufacturing arm Ashok Leyland, according to R Sheshsayee, MD, is looking for construction equipment business. Till now, Ashok Leyland has been making buses, trucks, engines, defense & special vehicles, but now in changing business scenario it is looking for ...

With the mall culture catching up fast on Indians, it was announced by the Suncity Projects on Saturday, July 26 that it is going to invest Rs 8000 Crore in order to create 10 retail malls across India in the coming six years. Suncity Projects Vice-President (Retail) Vijay Arora, said, ‘We ...

Sajjan Jindal’s JSW group decided to build a sea port some where else in Orissa-Bengal border than building a deep sea port which had to be constructed under an agreement with Indian government. Talking about company’s decision Sajjan Jindal said that company had looked at locations ...

Indian construction workers who form around 43% of all foreign workers in UAE, owing to tremendous growth in India are not willing to leave India for better job prospects in Dubai or any other gulf city. Indian construction workers have been the force behind excellent constructions in UAE and ...

Larsen and Toubro (L&T) Limited, India’s largest engineering and construction conglomerate, announced on Tuesday, July 8 that it has clinched a Rs.10.47-billion contract from the Indian Railways (IR) to construct a wheel manufacturing plant in Bihar. The L&T has mentioned in a ...

Steel manufacturer Prakash Industries declared on Friday, July 4 that it is going to invest Rs 485 Crore for constructing a cement and a clinker factory in Chhattisgarh. In a filing to the Bombay Stock Exchange, the Prakash Industries mentioned that it inked a Memorandum of Understanding (MoU) for ...

ICRTC (Indian Railways Catering and Tourism Corporation Ltd.) a subsidiary of Indian Railways in its policy decision has decided to set up budget hotels in three cities of south India first will come up at the city of Mangalore. The series of hotels named ‘Railratna’ will offer budget ...