Thursday's flooding of the National Informatics Centre rendered most of the Indian government websites with the domain address 'nic.in' -- including the Prime Minister's and President's websites -- inaccessible.
Having failed to receive even a lukewarm response to the open tender for marketing India as a tourist destination overseas, the ministry of tourism has decided to extend the deadline by over a fortnight to mid-August.
CCI is India's competition regulator. The undertaking will be a part of the CCI's proposed 'competition compliance' programme.
Among the companies that have shown interest in NTC are Abhishek Industries, Alps Industries, Falcon Tyres, Alok Industries and Nitco.
Given the spectrum crunch, it is not clear when the company will get a licence. India is the world's second-fastest growing telecom market and several companies, including Himachal Futuristic, have applied for mobile licences.
Recently, a fund manager with an exposure of $500 million in India, was busy entertaining representatives of a Danish pension fund and a Japanese delegation that were keen to invest in India.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Real estate: Building contractors hike fees as demand booms.
As attrition rates reach unprecedented levels in the retail sector, companies are fighting back with a mix of measures including salary hikes, incentive-based targets, connecting emotionally with staff and even selling them the "American Dream".
Agarwal built Vishal Retail from scratch into a chain of highly lucrative hypermarkets and discount superstores.
Finance ministry officials are of the view that current restrictions that prohibit FDI in multi-brand retail cannot be extended to franchise agreements between an Indian company and an overseas partner.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.
The success of the DLF initial public offer might give more confidence to realty companies.
Confirming the SOX compliance exercise, a senior Bharti group executive, however, denied that the company was considering a foreign listing.
The government is likely to accord special economic zone status to the proposed mega food parks that come up during the 11th Five-Year Plan (2007-12).
All directors on the board of companies will mandatorily need a director identification number from July 1. The number is also mandatory for e-filing of various returns and documents.
A decline in exports, which is a distinct possibility at the moment, would affect employment in the sector and even lead to a loss of existing jobs.
After Anil Ambani's proposed special economic zone and land allotments in Noida, all big-ticket real estate projects are being reviewed by the Mayawati government in Uttar Pradesh.
