Category archives for: Business/Economy

Abu Dhabi launches plan to boost hotel occupancy rate

Abu Dhabi launches plan to boost hotel occupancy rate

Abu Dhabi, March 12 (IANS) The Abu Dhabi Tourism Authority (ADTA) has launched a plan to boost hotel occupancy rate in the emirate by 10 percent in 2010, WAM news agency reported.

The Horizons Abu Dhabi plan seeks to attract 1.65 million hotel guests this year. It also seeks to encourage

Read more about Abu Dhabi launches plan to boost hotel occupancy rate

Balco chimney crash: Court rejects bail of Chinese engineers

Balco chimney crash: Court rejects bail of Chinese engineers

Raipur, March 11 (IANS) The Chhattisgarh High Court Thursday rejected the bail pleas of three Chinese engineers, arrested for their alleged role in the chimney crash last year at the Korba-based Bharat Aluminium Company Ltd (Balco) power plant that killed 40 workers.

A single bench of Justice Dhirenra Mishra rejected the

Read more about Balco chimney crash: Court rejects bail of Chinese engineers

110 firms in IIM-Ahmedabad placement mela

110 firms in IIM-Ahmedabad placement mela

Ahmedabad, March 11 (IANS) The graduating batch of the Indian Institute of Management-Ahmedabad has received placement offers from 110 firms, including international offers from firms like Goldman Sachs and Deutsche Bank.

The placement process for the graduating batch of the Post Graduate Programme in Management (PGP)at the IIM-Ahmedabad, closed Thursday. All

Read more about 110 firms in IIM-Ahmedabad placement mela

Australian hearing care centre comes to India

Australian hearing care centre comes to India

New Delhi, March 11 (IANS) An Australian audiology company, which has more than 180 clinics in Australia and New Zealand, has ventured into Asia for the first time with India as its destination. Indians make up 30 percent of its workforce, its CEO said Thursday.

'When we decided to venture into

Read more about Australian hearing care centre comes to India

Kolkata-based realtors to start management institute

Kolkata-based realtors to start management institute

Kolkata, March 11 (IANS) Real estate players PS Group and Srijan have joined hands to set up an institute here to impart training in business management and entreprenuership from July this year.

The Institute of Leadership, Entreprenuership and Development will offer Masters in Business Administration (MBA) with specialisations in marketing, finance,

Read more about Kolkata-based realtors to start management institute

PS Group, Infinity Park to start Sri Lanka project soon

PS Group, Infinity Park to start Sri Lanka project soon

Kolkata, March 11 (IANS) City-based realtors PS Group and Infinity Park Ltd. would start work on their Colombo project within next six months, a company official said here Thursday.

'Now that peace has returned to Sri Lanka, we intend to start work on our Colombo project soon,' PS Group chairman and

Read more about PS Group, Infinity Park to start Sri Lanka project soon

Private operators can ply heli-taxis in Himachal

Private operators can ply heli-taxis in Himachal

Shimla, March 11 (IANS) Himachal Pradesh will invite private players to operate helicopter taxis in the state, Chief Minister Prem Kumar Dhumal said here Thursday.

'We are planning to invite private players to operate helicopter taxis on various routes after obtaining clearance from the Director General of Civil Aviation,' Dhumal said

Read more about Private operators can ply heli-taxis in Himachal

Late rally helps Sensex end 113 points up

Late rally helps Sensex end 113 points up

Mumbai, March 11 (IANS) A late rally helped the benchmark index for Indian equities close Thursday 113 points higher than its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,087.63 points, closed at 17,211.56 points (provisional), 113.23 points or 0.66 percent higher than

Read more about Late rally helps Sensex end 113 points up

Tax holiday extended to boost CWG hotel projects

Tax holiday extended to boost CWG hotel projects

New Delhi, March 11 (IANS) A tax holiday granted to the hotel industry has been extended by three months to speed up the completion of the Commonwealth Games hotel projects that had slowed down due to the global economic recession.

'To encourage the growth of new hotels coming up for the

Read more about Tax holiday extended to boost CWG hotel projects

82 percent of projects tardy, exceeded costs: Survey

82 percent of projects tardy, exceeded costs: Survey

New Delhi, March 11 (IANS) About 82 percent of the infrastructure projects during April 1992-March 2009 overshot their scheduled completion dates while 41 percent faced cost over-runs, said a survey released Thursday.

In a study conducted together by global consulting firm KPMG and Project Management Institute (PMI), a leading global association

Read more about 82 percent of projects tardy, exceeded costs: Survey