With the addition of new capacities, the company aims to double its turnover to Rs 1,000 crore (Rs 10 billion) by end of FY10 from Rs 514 crore posted during the last financial year ended March 31, 2008. New hotel properties will come up in Chennai, New Delhi and Udaipur. This will increase its room inventory to almost 2,000 rooms from 1,125 rooms.
India's largest sport utility vehicle maker Mahindra & Mahindra's plan of launching its vehicles in the US has suffered a delay of almost 12 months following clearance awaited from the US homologation department.
The Mumbai police, along with a group of enthusiastic citizens including Mumbai Sheriff Indu Shani, combed commercial complexes, malls, office buildings and residential premises in south and south-central Mumbai to identify and get rid of unsecured Wi-Fi connections in the city, following terrorist attacks last year.Terror mails were sent via unsecured Wi-Fi connections before the Delhi and Ahmedabad serial blasts also.
The Air Car, made by French company MDI, could be launched by Tata Motors in India by 2010-11.
R Sridhar, managing director, Shriram Transport Finance Company, said, "The depreciation advantage will only benefit large and medium truck and bus operators, who are also tax payers. But their size in the market is quite small when compared to small operators who form about 75 per cent of the CV market."
A majority of HMIL's current export comprises the i10 model, which is exported to Asia, Latin America and Western Europe. In addition, the company has stated that 90 per cent of the i20 model (a premium hatchback) will be exported. The company will produce 150,000 units of the model annually.
Reflecting the sombre mood in the real estate sector, the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner, which is used by the government to charge stamp duty on property transactions.
The property rates in the ready reckoner for Mahrashtra may drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken on Wednesday. The property ready reckoner is prepared by the office of the inspector general of registration and stamp duties on the basis of transactions in real estate sector in respective areas.
Bharat Forge, India's largest auto components maker, said it will cut production as demand from car makers shrink.
With the Lok Sabha elections around the corner, the Maharashtra government is set to announce another farm loan waiver package to cover all those who were excluded by the central government's waiver package.
The Trident and Taj Mahal Palace and Tower said they have been flooded with requests for reservations at their restaurants when they reopen December 21, almost a month after the terrorist attacks on these landmark hotels destroyed significant portions of both buildings.
The Chicago-headquartered company, which currently operates five hotels in India under the Hyatt Regency, Park Hyatt and Grand Hyatt brands in Mumbai, New Delhi, Goa and Kolkata, said it will also introduce two-three more brands in the country. The Chicago-headquartered company currently operates five hotels in India under the Hyatt Regency, Park Hyatt and Grand Hyatt brands in Mumbai, New Delhi, Goa and Kolkata.
After much bickering, the Airports Authority of India and the state government-promoted Maharashtra Airport Development Corporation have agreed on the shareholding pattern of the company that will develop Nagpur's proposed international airport.
'Parents in the city don't worry about their young professional daughters coming home late at night in public transport. Having said that, there is no guarantee that this -- a better law-and-order situation in the city compared with other metros -- will protect you from a terror attack.'
Hotel expects 25-30 per cent occupancy on December 21 when it throws open its doors. Trident regulars are preparing to return to the hotel sooner than later.
Some analysts, however, suggest that car-makers threaten price rises every January in a bid to clear calendar year-end inventory. "There is always a threat from auto companies, usually in January, on a price increase in an attempt by them to clear the inventory. Sometimes, the ploy is never exercised," said Mahatesh Sabarad, a Mumbai-based analyst with Centrum Broking.
A day after leading car makers Maruti Suzuki and Hyundai Motor decided to cut vehicle prices in the wake of a reduction in taxes, Mahindra Renault on Tuesday said its Logan sedan will be offered at a discount of Rs 60,000.
Forget about the Tata Nano for Rs 100,000. Or buying a sleek Yamaha R15 for over Rs 97,000. An array of car models is now available at prices under Rs 100,000, thanks to an expected 20 to 25 per cent fall in used-car prices on certain models, in response to the government's decision to reduce Central value added tax (Cenvat) four percentage points for new cars.
Yachts and luxury boats belonging to Mumbai's rich and famous have come under the scanner of intelligence agencies after the 26/11 terror attacks. The agencies are pleading with government authorities to take appropriate steps to plug the loopholes in the law to ensure these yachts are registered either with the central government or state government authorities so that they are not misused by ferry men or used for anti-national activities.
Slowdown in vehicle demand also behind decision.
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