The company has plans to open offices in the US, Singapore and other parts of West Asia such, such as Oman and Qatar in the next couple of years. "The NRI community is totally underserved. We want to tap the vast business potential arising from 2.5 crore (Rs 25 million) NRIs working abroad,'' said Kapil Wadhawan, vice chairman and managing director, DHFL.
Sky-high rentals are forcing retailers to explore new ways to stay afloat. Many have done the obvious thing by shifting to cheaper locations or simply downing their shutters. But others are renegotiating deals with developers to ensure business sustainability. New deals like longer "rent-free" periods, no "lock-in" clauses in agreements and revenue-sharing deals with developers are becoming common.
In what could be termed as a major innovation in the field of male contraception, the Indian Institute of Technology-Kharagpur (IIT-KGP) has invented a unique male contraceptive that can have a continued effect for 10 years. A single 60 mg injection can be effective for at least 10 years. A single dose, which may cost the manufacturer Rs 50, is expected to be marketed at close to Rs 200.
The Indian Institute of Technology-Kharagpur (IIT-KGP) and Vinod Gupta School of Management (VGSOM), for instance, recently introduced an initiative -- the Deferred Placement Programme (DPP) -- to provide a safety net to students willing to take up the challenges of entrepreneurship. Under this programme, students interested in starting entrepreneurial ventures will be allowed to push back their participation in campus placements for a maximum period of two years.
Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX)owing to the liquidity crunch in the global markets. Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts.
Mumbai-based property developer Oberoi Constructions, led by billionaire Vikas Oberoi, is planning a Rs 4,000 crore ($1 billion) initial public offer by year end. Vikas Oberoi, also known as Vikki Oberoi is at the 707th slot in the Forbes annual list of billionaires with a wealth of $1.7 billion.
Betting on higher margins from private labels, Reliance Digital, the consumer durable chain of Mukesh Ambani's Reliance Retail, is planning to introduce its own brands of home theatres, LCD televisions and digital cameras. The brands, according to a source, will be called Rldigi. Reliance Digital is planning tie-ups with domestic and international consumer durable and appliance companies. These private labels are expected to contribute 12-15 per cent of Reliance Digit
E-kiosks for services like bill payment and job queries are mushrooming all over rural India. Many youths in rural India have taken up CSC projects to start their own businesses and are earning a decent income out of it. The work at CSC basically involves collecting and paying phone and electricity bills of the villagers. Additionally, they can provide add-on services like English course. Srei Infrastructure and Reliance Infocom will set up such centres in PPP in West Bengal.
The group is investing Rs 250 crore (Rs 2.5 billion) to expand its edible oil business thisyear by foraying into palm oil, soya oil and rice bran oil production. In its new FMCG products, the company will launch 18 new products in hair care, babycare and men's grooming segments. Initially, the company will sell its edible oil in bulk to industries that are into production of chips and biscuits. Brands will be launched later on, depending on the initial success.
Future Group will retail lightings and electrical products under a new brand - Bijli Ghar.
Today's Writing Products is entering retail of office supplies and stationery products with 500 retail outlets.
Videocon's consumer durable and electronics chain Next has opened nearly 330 stores in the last two and half years, making it the largest chain in the country. Turnover is expected to cross Rs 1,000 crore (Rs 10 billion) in this financial year. Business Standard caught up with Next's Director K S Raman on the company's growth plans.
The aircraft costs nearly $45 million (nearly Rs 180 crore). The company owns a 12-seater Challenger 604 and a seven-seater Cessna Citation Bravo under the fixed wing operations.
The information technology sector in West Bengal is likely to see addition of 20,000 jobs in 2008. The state currently has about 300 small to big sized companies and employs 55,000.
Real estate developers like Indiabulls, DLF, Peninsula and even retail giant Future group are all considering converting space reserved for malls and hyper-markets to office space to meet heavy demand from financial institutions, investment banks and large companies.
Reliance Retail has tied up with Microsoft to launch the concept of connected homes.
The Indian Institute of Technology, Kharagpur (IIT-KGP) is investing close to Rs 46 crore (Rs 460 million) in four new centres of excellence -- School of Entrepreneurship, School of Infrastructure Design and Management, Steel Technology Centre, and Centre of Excellence in Telecommunication Engineering.
India's fourth biggest realty company (by market cap) Indiabulls Real Estate (IBREL) on Tuesday said that it was planning to launch an initial public offering (IPO) for its property trust Indiabulls Properties Investment Trust (IPIT) on the Singapore Stock Exchange (SGX).
The STAR India-Bennet, Coleman & Company (BCCL) combine, Subhash Chandra's Essel Group and TV 18's HomeShopping 18 are among those who will air home shopping channels in the next couple of months.
By the year-end, Mumbai and its suburbs will add 15.4 million square feet of office space, more than the commercial space now available at the sprawling Bandra Kurla Complex or seven times the office space at Nariman Point, the city's business hub.
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