In the March quarter analysts' presentation, the company had said it was targeting to raise a total of Rs 10,000 crore (Rs 100 billion) from non-core asset sales in the medium term.
However, Bengaluru is on a high with the share of IT/ITeS in the total office space transaction rising from 55 per cent in 2011 to 75 per cent till May 2012, according to data by DTZ, an international real estate research firm.
After cashing in on the Munni campaign to market the Zandu Balm brand in 2010, the company has now roped in five sporting icons -- cricketer Gautam Gambhir, Olympic medal winning boxer Vijender Singh, badminton champion Saina Nehwal, five-time world boxing champion Mary Kom and wrestler Sushil Kumar -- for its Fast Relief brand.
Mumbai land sale part of non-core divestment this year, counters DLF
Venturing into films, music & food biz, cite reasons from personal interest to future market opportunity
According to an official in the state power department, the government has given nod to the West Bengal State Electricity Distribution Company to approach the West Bengal Electricity Regulatory Commission for a further tariff hike and a proposal has been moved in this regard
This is despite a Federation of Indian Chambers of Commerce and Industry survey showing more players were optimistic on a recovery in manufacturing in the last quarter of 2011-12.
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
Developers say an increase in the FSI was long due, given the scarcity of land, but stress the need for stronger infrastructure to support such high-rise buildings.
CMD designate says company will do everything to meet the presidential directive.
Key Planning Commission official says push from small-scale industries will help reach the figure, but others disagree.
While there is pressure on the Reserve Bank of India to cut policy rates to spur stagnating industrial growth rates, Pronab Sen, principal advisor to the Planning Commission, says the central bank should exercise caution till it is sure inflationary expectations are under control.
Petrochemicals major in talks with rubber producer from Europe, two Western technology providers.
Advance estimates on Tuesday estimated nominal GDP this financial year to be slightly less than that projected in the Budget, and this would magnify fiscal deficit as a portion of GDP.
In an interview with Business Standard, he says investments would pick up and inflation would fall in the next financial year, providing the Reserve Bank of India the room to cut rates.
Smaller real estate entities have been active in the past six to eight months in launching big-ticket residential projects. Factors like the high debt of realty companies listed on the exchanges and small builders not having the capacity to hold on to a licence for too long have influenced launches.
The question is which tool it should use to shift gear.
Month-on-month stats show industrial output shrank 4 times till Oct in 2011-12.
With not much hope on robust tax collections and disinvestment, economists peg the gap between the government's expenditure and receipts to be between six and seven per cent for this financial year.
It's not just the high street across India that will feel the pinch of the weakening rupee against the dollar.
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