AT&T launches a Web site offering free video like HuluSeptember 10th, 2009 AT&T launches an online video site like HuluDALLAS — AT&T Inc. on Thursday unveiled a Web site that offers free access to TV shows and movies.
Zuri group to build villas in GoaSeptember 8th, 2009 KOLKATA - Zuri Group Global that runs hotels and resorts under the name Zuri is foraying into the real estate sector in Goa. It has plans to build a cluster of villas and apartments in the coastal state, a company official said here Tuesday.
Bengal Government Shelve IT projects over Land Fiasco at Vedic VillageSeptember 7th, 2009 KOLKATA, Sept 07 Embroiled in a land controversy yet again, the Marxists in West Bengal on Monday said it was junking a plan to set up an Information Technology (IT) township that would have hosted bellwethers like Infosys and Wipro. The Vedic Village fire singed the ruling communists’ IT plans as the government in a statement said: “It is impossible for the IT department to proceed with the project.”
“The government does not want to be involved in any illegal activity,” the statement said as murky truths tumbled out of the closet after the violence in Vedic Village resort last month in the area adjacent to the proposed IT township.
Thailand hopes trade with India will touch $10 bn by 2010August 17th, 2009 KOLKATA - Bilateral trade between India and Thailand is expected to grow to $10 billion by 2010 from $6 billion last year, an official from Thailand said here Monday. "India has increasingly become an important economic partner for Thailand.
Glam L.A. landmark Hotel Bel-Air closing for makeoverAugust 10th, 2009 L.A. landmark Hotel Bel-Air closing for makeoverLOS ANGELES —The Hotel Bel-Air, which has served Hollywood stars since the 1940s, is closing for a glamorous makeover. Hotel spokeswoman Alisha Mahon says the Los Angeles landmark will close at the end of September for a two-year upgrade that includes building villas and spa facilities.
Federal Housing Administration launches new program to lower payments for troubled borrowersJuly 30th, 2009 New Federal Housing Administration loan assistanceWASHINGTON — Loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's loan modification program, the government will announce Thursday. Effective Aug.
Sikkim's first luxury spa resort to be opened SaturdayJune 25th, 2009 GANGTOK - Sikkim's first luxury resort, Deluxe Spa Resort, will be opened near here Saturday, a senior official of the project developer said Thursday. The Rs.100-crore resort, developed by Orissa-based hospitality company Mayfair Group of Hotels and Resorts in Ranipool, some 15 km away from here, will be inaugurated by Chief minister Pawan Chamling, Mayfair (sales and marketing) vice-president Ravi Mahapatro told reporters.
Ansal Properties net falls 81 percentJune 25th, 2009 MUMBAI - Ansal Properties and Infrastructure Thursday posted 81.24 percent fall in its consolidated net profit for 2008-09 at Rs.32.54 crore, comparing to Rs.173.52 crore recorded the year before. Total sales of the company declined to Rs.740.97 crore during the year from Rs.996.68 crore in 2007-08.
Sea Launch Co. files for Chapter 11 reorganizationJune 24th, 2009 Sea Launch Co. files for Chapter 11 reorganizationLONG BEACH, Calif.
Ansal Properties to raise Rs.4,500 croreJune 15th, 2009 NEW DELHI - Taking a cue from the other realty companies like Unitech and DLF, Ansal Properties and Infrastructure, part of the Ansal API group, will raise up to Rs.1,500 crore by way of qualified institutional placement (QIP), the company said Monday. "The board of directors at its meeting held on Monday has decided to seek the approval of shareholders to issue equity shares, to resident and non-resident qualified institutional buyers by way of QIP for raising a sum of up to Rs.1,500 crore," the company said in a statement.
Ansal Housing pulled up for not handing possession of flatApril 7th, 2009 NEW DELHI - Coming down heavily on builders Ansal Housing and Construction, the consumer commission Tuesday asked it to pay Rs.300,000 to a customer who was denied the possession of a flat he bought from them for over ten years. M. Tripat Bawa, a resident of Chandigarh had purchased flat No.701, Vikas Deep, Laxmi Nagar in East Delhi in January 1998 and Ansal Housing had promised to give him possession of the flat by April 1998.
Parsvnath launches housing project in LucknowMarch 5th, 2009 NEW DELHI - Realty Major Parsvnath Developers Ltd Thursday announced the launch of Parsvnath Royale Floors, a housing project in Lucknow that offers houses in the range of Rs.1.39 million-2.75 million. The city-based developer will invest Rs.1 billion (Rs.100 crore) to execute the project that will have houses with a floor area in the range of 435 square feet-1,135 square feet, the company said in a statement.
Big Cinemas to add eight screens in north IndiaFebruary 12th, 2009 NEW DELHI - Big Cinemas, part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), has announced the opening of two four-screen multiplexes in north India, a company release said here Friday. To be opened at Ansal Plaza Mall, Greater Noida and at Paras Downtown Mall in Zirakpur, the halls will have a total capacity of 928 and 1,010 seats, respectively.
Fiat launches new model, plans doubling sales by 2010January 21st, 2009 KOLKATA - Car manufacturer Fiat India is likely to double sales by 2010, a top company official said here Thursday. 'We are anticipating more than 40,000 sales in the current year (2009) and we hope to double it by 2010,' Rajeev Kapoor, president and chief executive officer of the company said on the sidelines of the launch of Fiat Linea - a sedan with diesel and petrol variants.
Space may be reserved for poor in housing projectsJanuary 4th, 2009 NEW DELHI - In order to make housing affordable for the weaker sections of society, the government is thinking of reserving 20 percent of space in housing projects for them. Minister for Housing and Urban Poverty Alleviation, Kumari Selja, Monday said her ministry will ask state governments to reserve developed land for the economically weaker sections in various housing projects.