Under its IT/ITeS SEZ development plan, Electronic Corporation of Tamil Nadu (Elcot) is setting up nine IT SEZs in Tamil Nadu, developing 1 million sq ft space at an estimated cost of Rs 28,000-30,000 crore (Rs 280-300 billion) - one each at Perumbakkam village and Sholinganallur near Chennai, two in Madurai, and one each at Tiruchirapalli (Trichy), Krishnagiri, Salem, Coimbatore and Tirunelveli.
Govt announces policy aimed at enhancing connectivity between Tier II and Tier III cities.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Venus and Serena Williams kept up their semi-final date with commanding victories over Vera Zvonareva and Anastasia Rodionova respectively at the WTA Tier II Bangalore Open on Friday. Venus won 6-4, 6-3, while Serena was through at 6-1, 6-4.
Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.
Disclosing her non-participation in the week-long tournament, beginning March 3, Tournament Director R Sunder Raju said no reason had been ascribed by the Indian ace for not participating.
The 26-year-old American, winner of eight Grand Slam titles, had pulled out of the event last year due to illness.
Investment by NRIs in these instruments will be in accordance with the extant policy for investment by NRIs in other debt instruments. \n
The rising rupee has become a major cause for concern among software exports firms. The IT industry, especially tier-II firms, which are not adequately hedged, will take a hit.
Sania Mirza's campaign at the LA Classic ended after her American partner Bethanie Mattek had to pull out of the doubles semis with a back injury.
Sania Mirza and Bethanie Mattek overcame a fighting Russian pair of Elena Vesnina and Vera Zvonareva to book a semi-final berth in the US $ 600,000 WTA East West Bank Classic tournament in Los Angeles. The Indo-American pair, seeded second, pipped the Russian duo 6-3, 1-6, 10-8 in one hour and 14 minutes in the quarter-finals of the Tier II hard court event on Friday night.
Despite rising salaries, the country can sustain the cost advantage for another 10-15 years.
There was simply no end to Sania Mirza's misery in the WTA Bank of the West Classic tennis tournament as after her misadventure in the singles event, the Indian ace made a first round exit from doubles as well. Sania and her Russian partner Anna Chakvetadze were brushed aside by the unheralded Czech pair of Eva Hrdinova and Vladimira Uhlirova 6-3 6-4 in the Tier II event in Stanford.
Sania Mirza's woeful run of form continued as the Indian ace crashed out of the WTA Bank of the West Classic tournament after a straight sets defeat in the opening round at the hands of British qualifier Anne Keothavong in Stanford on Tuesday night. The world number 33 Sania went down 6-7 (4), 1-6 to 83rd ranked Keothavong in a one-hour-twenty-minute contest of the Tier II US $ 600,000 event.
Visa International, the world's leading payment brand, has achieved record card sales volume of $26 billion in India during the year ending September, 2005, while targeting small towns to develop the cashless payment industry.
WNS, for instance, has 1,200 people in Nashik, a tier II city. It is looking at expanding its presence in tier II cities.
Tier-II cities are all set to witness good retail growth in near future.
According to Suman Srivastava, CEO, Euro RSCG India, "Contrary to common belief that trends begin in big cities and trickle down to smaller towns, we are seeing that some trends are bubbling up from the tier II cities."
The Nasdaq-listed company started selling books online just two months back and has collected good revenue so far. It has made a catalogue of 1.7 million books for its portal, which would caters to all the age groups.
The commercial real estate sector has been booming in the last few years, driven by the high demand from corporates, especially IT and ITeS companies.
Bangalore-based US Pizza Restaurants, which sells the fast food under the brand name US Pizza, will invest more than Rs 500 crore (Rs 5 billion) to open over 1,000 outlets by 2011 for a pan-India expansion.US Pizza is also planning to open more than 40-45 outlets in European countries such as Norway, Sweden, Germany and France and in domestic front, it is planning to enter a new city every month as they are looking to tap new markets by entering tier-II and tier-III cities.
Some of the proposals include redrafting transfer and placement policy for IRS officers, strengthening the cadre restructuring, rebranding of IRS, robust deputation policy and creation of encadred post in other ministries and government department.
Pantaloon Retail (India) is planning to more than double the Big Bazaar stores to reach the 100-mark from the present 41 stores, while substantially increasing its presence in the South besides tier-II cities.
The writing was on the wall only a couple of games into the match. Patty Schnyder had come with a specific game plan and she executed it to perfection. The fourth seeded Swiss beat China's Zi Yan 6-3, 6-4 in an hour and 15 minutes to advance to the final of the WTA Tier II Bangalore Open on Saturday.
The best was saved for the last. After a day of mundane action and lopsided contests, China's Zi Yan showed tremendous grit to save three match points and oust eighth seed Maria Kirilenko in the first round of the WTA Tier II Bangalore Open on Tuesday night.
Top seed Jelena Jankovic and Venus Williams expressed disappointment with Sania Mirza's withdrawal from the Tier II Bangalore Open.
India's Isha Lakhani has been given a wild card entry to participate in the $ 600,000 Bangalore Open, kicking off in the Karnataka capital on March 3.
The Indian had made the first round exit at the Tier I tournament at Key Biscayne in Miami last week.
They beat wild cards Svetlana Kuznetsova and Amelie Mauresmo 6-4, 6-4 in the first round at the Dubai Open.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
Swiss champion Patty Schnyder has confirmed her participation in the Bangalore Open this year.
India's two top women's singles shuttlers, Saina Nehwal and P V Sindhu, have decided to skip the upcoming China Masters Super Series to be held from September 10-15.
The Reserve Bank of India on Friday allowed commercial banks to raise capital funds through issue of foreign currency debt instruments. Foreign institutional investors can invest in these instruments.
The company reportedly in talks with a dozen firms overseas for an acquisition.
Rising real estate costs and lack of good locations in cities are driving hotel companies to rent space in malls and other commercial complexes. For instance, Accor Hotels is in talks with mall developers to build its Formulae 1 brand of budget hotels at the topfloor of malls in tier I and tier II cities.
The company believes that the knowledge base of these candidates is as strong as their counterparts belonging to bigger cities. Eligibility criterion for trainees would be a minimum 60 per cent score in all the degrees attained.
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