Tamil Nadu
The Porur flyover work had been stopped for more than two years. The work had been put to hault due to the urgent need to bring in a change in the design of the flyover. The state highways department has recently tried to begin a fresh effort in order to restart the Porur flyover project. [...] Continue Reading »
Mrs. Tulsi Tanti, managing director, says that the Suzlon Energy Ltd plans to raise Rs.1,000 crore by corporate debt restructuring (CDR) process that Suzlon started in January 2013. The company is also targeting to cut off operating expenses, staff costs and headcount by 20 percent, besides selling non-critical assets. As per the investor presentation, $400-500 [...] Continue Reading »
Every year in Tamil Nadu just 20% of the 2.5 lakh engineering graduates passing out of colleges are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers’ Association of India (CREDAI), on Tuesday. He also said that with institutions like Anna University, SRM and VIT universities CREDAI is trying to sign a memorandum [...] Continue Reading »
An official says that the company is planning to launch 500 sales and service outlets in the southern part of country. Mr. Dharmendra Mishra, Sales and Customer Care, Vice-President, says that recently in the inauguration of 212 Degree Bikes with South-centric expansion strategy, the company is planning to open 500 plus sales and service outlets [...] Continue Reading »
SD Shibulal’s, Infosys co-founder and CEO, a private limited company that deals with his family wealth, is increasing its hospitality along with its real estate business by investing R130 crore. The family office including his family’s holdings in Infosys, runs a resort in Coorg, Karnataka called ‘The Tamara’, a 56-room luxury property, which manages around [...] Continue Reading »
It has been learnt that the real estate development business of the Mahindra Group, Mahindra Lifespace Developers, has bought a 12-acre land parcel for Rs 472 crore in Gurgaon from the private equity fund Ireo. Responding to a query, Mumbai based Mahindra Lifespace Developers said, “The project is to be developed by the joint venture [...] Continue Reading »
Today Reliance Infrastructure said it has started collecting toll from its 10th road project, a stretch linking Trichy and Karur in Chennai on NH-67 which is 63-km long. National Highways Authority of India (NHAI) had ordered RInfra for doubling the stretch into a four-lane one, maintaining and operating the project for 30 years from the date of signing of [...] Continue Reading »
J Jayalalithaa, the Chief Minister of Tamil Nadu inaugurated a 400-bed Multi Super, Rs 141.14 crore, Speciality Hospital in the compound which was the erstwhile secretariat complex constructed by the previous DMK regime. The sprawling building had been built in an area of over 10 lakh sq.ft by the previous M Karunanidhi-led DMK government at the Omandurar Government Estate in [...] Continue Reading »
Five industrial estates across the State will be set up by the Tamil Nadu Small Industries Development Corporation (SIDCO) this year, informed P. Mohan, Rural Industries Minister. Mostly backward districts – Nesampadi and Vallur in Dharmapuri district, Pattanam and Kattuvannanjur in Villupuram district and in Cuddalore – will have industrial estates. The industrial estates will [...] Continue Reading »
Tiruchi- The volume of four wheelers has increased a lot due to attractive exchange mela, hassle free loans and special offers by manufactures in different cities. But there is always a question related to parking where there is no enough space. Good news here comes for the owners of four wheelers that many parking lots are [...] Continue Reading »
