The New York-based Citigroup Property Investors will invest up to $120 million in Bangalore-based Nitesh Estates' luxury hotels.
He said the ministry was considering bidding out the airstrips in blocks for development as it might not be feasible to do it individually.
IT bellwether Infosys Technologies is on the prowl to acquire small and medium business process outsourcing companies that fit strategically with the operations of its subsidiary, Infosys BPO.
If you are a frequent traveller and use the services of a travel agent, your bill is likely to see a rise this summer, provided travel agents have their way.
Follow Anil Ambani group and Lanco for asset valuation.
Budget carrier Air Deccan, which has the largest network in India covering 60 airports and operating more than 300 flights a day, may hive off its highly profitable ATR Turboprop aircraft operations into a separate company.
At least 20 trucking companies are negotiating a consortium to operate rail containers, a business that was opened to private participation last month, and retain their dominant share of the container transport market.
Six weeks after Lanco Infratech and Globeleq won the Rs 16,000-crore (Rs 160 billion) Sasan ultra mega power project, the Hyderabad-based company is planning to buy out its 70 per cent foreign partner.
In a blow to Tata Teleservices, the Telecom Regulatory Authority of India has asked the company to refund the excess amount charged from customers under its Walky plan.
The Department of Telecommunications might favour the holding company structure for the merger of the two telecom PSUs, Bharat Sanchar Nigam and Mahanagar Telephone Nigam.
The US-based Dawn Alliance group is planning to set up a United States Food and Drug Administration-approved generic drug manufacturing facility in India.
What could a mall in Ahmedabad, an office complex in Hyderabad and a residential township in Baroda have in common?
Get ready for a different rail travel experience. A special rail coach with a living room, two bathrooms, two toilets and a private kitchen. The catch: You will be allowed to take your own chefs on the trip.
National flag carrier Air India has raised $500 million (nearly Rs 2,250 crore) from ABN AMRO-led banking consortium to make pre-delivery payment to US-based aircraft manufacturer Boeing Company.
Shedding its image of a brick-and-mortar organisation, the Life Insurance Corporation of India (LIC) is all set venture into the digital era.
Electronics major has tied up with Reliance Comm and Tata Tele.
Now, banks stop giving in-principle loan sanctions on central bank directive.
Jet Airways is talking to several leading private equity firms to raise $400 million through qualified institutional placements for its aircraft acquisition plan.
Poaching engineers in the domestic airline industry will no more be easy.
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