Industry analysts suggest that the revision in Mumbai and Delhi could be up to 25 per cent. At destinations such as Goa and Kerala it could be as much as 30 per cent.
R-Money, the Anil Ambani group's retail brokerage arm, will introduce gold coins in smaller denominations of half gram and one gram in the market. The market is currently dominated by 5-gm and 8-gm coins.
With the global weakening of dollar against the rupee making a dent in revenues, hotels across the country have decided to charge their domestic and international customers in rupee.
Announcement for the Rs 4,000-crore acquisition likely today.
There are approximately 300 million domestic travellers each year and this number is expected to grow by 10-15 per cent every year.
Increased allocation to the higher and technical education sector would mean more funds to revamp the university education system and lay a thrust on technical education.
Reliance Industries, the country's most valued company, is delaying its annual general meeting this year following non-receipt of approvals for merger of Indian Petrochemicals with itself.
The US sub-prime loan market crisis is expected to temper cross-border mergers and acquisitions as Indian companies go slow on acquisitions.
The Domina Hotel Group, Italy's largest hotel and resort operator, will start operations in India in the next two years.
The steel-maker will now have to pay 50 basis points more on this tranche of $1 billion with a seven-year tenure.
Mukesh Ambani's Reliance Industries is in talks to acquire an equity stake in Haryana-based Modern Dairies, which would strengthen its presence in the high-volume, low-margin liquid milk market.
At a time when instability in the US leveraged buyout (LBO) market is making world equities markets jittery, JSW Steel is planning a leveraged buyout of a North American steel company.
Education institutes are using a new technique - search engine marketing - to spread awareness about their programmes and to create a niche for themselves in the students' minds.
The joint venture, for which both the parties have signed a memorandum of understanding, has drawn criticism from the NGOs and environmentalists on the ground that it would cause extinction to the world's rarest birds.
AICTE to seek states' help to close institutes.
India has a shortage of 150,000 rooms and the government hopes this will create additional 7,000 hotel rooms for events like the Commonwealth Games, scheduled in New Delhi in 2010.
The sale of the BPO business, run by Citigroup Global Services (formerly e-Serve), is expected to fetch around Rs 3,200 crore for the group. At this price, it will be the largest deal in the domestic BPO space.
Harvard will now study the civic ills of Mumbai and Delhi. But will any good come of it?
The Essar group's proposed acquisition of Minnesota Steel is likely to be delayed, with the US state authorities taking time in providing the infrastructure required to move the project.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
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