Tag Archives: Industry

Investment Cos Selling Assets At Throwaway Prices

July 28, 2008 – 7:57 am

Lack of provisions in the country’s bankruptcy laws to deal with cross-border insolvency may force Western investment companies hit by global credit crunch to sell off their assets in the country at throwaway prices instead of being able to sell their worldwide assets in one go to obtain a better price.
Since Indian courts do not [...]

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IHC To Spend One Billion Dollar On Buying Hotels

June 13, 2008 – 12:16 am

Indian Hospitality Corporation (IHC), a joint venture of Gordon House Hotels, Mars Restaurant and SkyGourmet Catering formed last year, plans to spend as much as $1 billion to acquire hotel groups and restaurant chains.
The company has hired Ravi Deol as chairman and chief executive of Mars Restaurants, the hotel and food services division of IHC, [...]

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Tata Realty Builds IT Park

April 29, 2008 – 12:58 am

Tata Realty and Infrastructure Ltd declared about agreement with the southern state of Tamil Nadu to build a special economic zone for information technology.
The project, which will see an investment of more than 30 billion rupees, will include a convention centre and a luxury hotel and serviced apartments that will be built in a joint [...]

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Rs Two Thousand Crore Budget Booster For SIDBI To Lend More

March 10, 2008 – 10:52 am

With the support of a fund of two thousand crore, announced in the Union Budget of this financial year, for improving credit flow to small and medium firms, the Small Industries Development Bank of India (SIDBI) will build up its strong presence in industrial sector.

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