Malaysia
Hotel Leela venture is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell off its two main properties situated in Delhi and Chennai for around Rs 1,850 crore. The two properties will be hive off into separate entities by the firm which owns, operates and manages hotels, palaces and resorts. [...] Continue Reading »
In as many as 23 states, MoFPI has approved a total of 40 mega food park projects in various stages of implementation. Under the Mega Food Park scheme of the Union ministry of Food Processing Industries (MoFPI), a state PSU, The Odisha Agro Industries Corporation Limited (OAIC) is eager to set up a mega food [...] Continue Reading »
In drop-down of wealth, India has one of the worst records. As per the records of last year for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs) whose net assets are over $30 million without their primary residence. For every billionaire in Japan there were 609 UHNIs. In Brazil [...] Continue Reading »
In India for every one billionaire there were just 26 ultra high net-worth individuals whose net assets are over $30 million excluding their primary residence. While in Japan for every billionaire there were 609 UHNIs and in Brazil and South Africa the ratio was1:129 and 1:119 respectively because these markets are in initial stage. Worldwide [...] Continue Reading »
In a survey by Cushman & Wakefield, India has emerged as 24th most preferred global manufacturing destination in the world. The report is titled ‘Where in the World : Manufacturing Index 2014’. The report ranks 30 global manufacturing destinations across the world on factors that are likely to affect the successful operation of production facilities [...] Continue Reading »
To make way for a new elevated corridor from Chalukya Hotel Circle to Hebbal junction, Bangalore Development Authority (BDA) has decided to demolish the existing flyover opposite its head office on Sankey road. After the end of Lok Sabha elections and getting clearance from state government this project is expected begin. It was told by a senior [...] Continue Reading »
Wealth funds of Abu Dhabi, Qatar and Malaysia are competing with each other to acquire two of India’s prime properties. It is going to be one of the biggest deals in the Indian hospitality industry. The governments mentioned above are cash rich and are looking to pick up 74% stake in the Leela Group’s Delhi [...] Continue Reading »
It may have become the case that it is cheaper to buy a flat abroad such as in Dubai than at a posh location in Mumbai or in Delhi. The property price deflation in foreign countries since 2009 has given opportunity for Indians to buy houses abroad. Of late, most Indians seem to buy under-construction [...] Continue Reading »
Henikwon Corporation has been acquired by Tamco Switchgear, a wholly owned subsidiary of Larsen & Toubro. Malaysia-based Tamco is a part of L&T’s Electrical & Automation (E&A) business. Henikwon Corporation, based in Malaysia, makes low voltage and medium voltage bus duct systems. L&T said the Henikwon brand is globally recognized and offers products of international [...] Continue Reading »
A Bangalore-based real estate developer, Embassy Group is in a pace of acquiring 80 million square feet of integrated township development. The company which has around 300 acres with them from over the year near Bangalore International Airport (BIA) will soon be accumulate land township development worth Rs 3,000 crore. Also, now the talks are [...] Continue Reading »
