Tata Motors was allotted 1,000 acres of prime agriculture land at the Pantnagar industrial estate in the hope that the company would set up its dream Nano project in Uttarakhand. It has now agreed in principle to allot 50 acres more to the auto giant. Tata Motors is seeking 100 acres for housing purposes. Meanwhile, suspense continues over the Nano project being shifted to the hill state.
Smaller real estate entities have been active in the past six to eight months in launching big-ticket residential projects. Factors like the high debt of realty companies listed on the exchanges and small builders not having the capacity to hold on to a licence for too long have influenced launches.
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
It was late last year when Tata Motors announced that it would set up the first plant for producing the Rs 1-lakh car at Gujarat's Sanand rather than Karnataka's Dharwad, among other places.
Speculators often leveraged volume discounts on property purchases to re-sell them at prices lower than those available to individual buyers. This created problems for realtors when demand slowed, since it put pressure on them to take a hit on margins and lower prices still further. The lock-ins are expected to be introduced mostly for mid-income projects that offer prices 20 to 30 per cent below the market and, therefore, attract more undercutting from bulk discount buyers.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Amongst the most aggressive of India's hopeful new Lockheed Martins is the Rs 1,30,000-crore Tata Group, which has launched a carefully crafted bid to become a major player in India's defence industry.
Gilles Simon's giant-killing spree culminated in a stupendous title win as he humbled second seed Kevin Anderson in straight sets to lift the inaugural Tata Open Maharashtra trophy, in Pune.
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
Dell emerges the most attractive among technology players.
The companies having suffered large erosion in values included Tata Motors, TCS, Tata Steel, Tata Power and Titan Industries
These projects are targeted at financially well-off and upwardly mobile Indians.
Pallon has already joined the boards of some of the unlisted companies such as Afcons
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
Second deal in 4 months after tie-up with RIL for cargo airlines.
The BJP's Bihar unit responded to the tweet saying, "The first picture is your future and the second is of India. Understood?"
The Uttarakhand government's move to allot 50 acres of agriculture land to Tata Motors for housing purposes has hit a rough patch with Agriculture Minister Trivendra Singh Rawat expressing opposition to the use of farm land for industrial or any other use.
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Placing Pakistan and China high on its priority list for investments and joint ventures in areas like automobile, IT and hotels, India's largest corporate house Tatas on Monday said it was waiting for Islamabad to open its doors for Indian businesses
After a five-day long visit, Apple CEO Tim Cook left India with a note that he can't wait to return to the country. The visit of Cook coincided with 25 years of the iPhone maker's presence in India. Cook arrived in India on Monday. The visit started with the launch of the first official Apple store in Mumbai on April 18 followed by a second in the national capital on April 20.
The car will compete with Hyundai Grand i10 and Maruti Suzuki Celerio
The annual Global Accountability Report considered Tata Group at number 10, among the world's 30 most powerful organisations from the inter-governmental, non-governmental and corporate sector, to be accountable to civil society, affected communities and wider public.
The estimated project cost of the executive enclave which will house a new prime minister's office (PMO) has gone up by over Rs 100 crore to Rs 1,316 crore as the CPWD floated a fresh tender cancelling its earlier one, according to the agency's bid document.
The IZO platform provides large business houses to jointly use their private IT network along with public network.
Apple is hoping to assemble in India 25 per cent of all iPhones produced globally to reduce its heavy dependence on China.
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
'India will want a lot of help from the US, but it's not going to want US troops.'
Tata Motors, the country's largest automobile house, is looking to foray into the used commercial vehicle market through its extensive dealer network in the country.
There are quite a few lesson that upcoming entrepreneurs must learn from housing.com controversy.
Most of the local residents expressed fear that redevelopment will kill the small businesses in Dharavi that it is known for and that they are content with the way things are at present.
These homes offer services that help lead a smooth retired life.
Pranati Group of Industries is all set to enter infrastructure and housing projects in the country, backed by Rs 4000 crore (Rs 40 billion) funding from CRM International of the UK.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
Says along with setting up the industry if value addition is done locally, it can create more direct and indirect employment.
Official sources said that top company officials recently met Uttarakhand Chief Minister BC Khanduri and demanded 35 acres of additional land for expanding the facility. Earlier, the company had sought 55 acres of land at Pantnagar for housing purpose. The government is yet to take a decision in this regard.
Unitech is pinning its hopes on the sub-Rs 5 lakh category of flats to counter the slowdown in the property sector. So are a host of others. Apart from Unitech, others such as Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash.
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