India Business Insight articles from October 2010

India Business Insight archives from October 2010

PRIVATE COMPANIES BARRED AS GOVERNMENT MULLS CHANGES IN ATOMIC ACT (the private players could be involved as minority stakeholders but not as plant operators).
October 31, 2010... The Government of India is planning to amend the Atomic Energy Act 1962 and strengthen the regulatory set up. The amendment under consideration would not open the sector for private sector companies. The private players could be involved...

RAILWAYS INVITES SAIL TO SET UP PLANT AT WEST BENGAL (to produce freight bogies).
October 31, 2010... The Railways has invited Steel Authority of India Ltd (Sail) to set up a facility in West Bengal to manufacture freight bogies. The project is proposed to come up at Andal. The railways would use the freight bogies manufactured at the facility...

GVK POWER Q2 NET DIPS BY OVER THREE PERCENT (to Rs42.8 crore from Rs44.2 crore in Jul-Sep 2010).
October 31, 2010... GVK Power and Infrastructure Ltd has reported a net profit of Rs42.8 crore for Jul-Sep 2010 as against Rs44.2 crore in Jul-Sep 2009, a drop of over three percent. Its net sales rose by 2.23 percent to Rs503 crore from Rs492 crore.

OIL MARKETING COMPANIES TO GET Rs3,000 CRORE AS COMPENSATION (for under recoveries incurred during Apr-Sep 2010).
October 31, 2010... Oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd would receive Rs3,000 crore from the Government of India as compensation for under-recoveries incurred during Apr-Sep...

WORK BEGINS ON SAIL-RITES WAGON FACTORY AT KULTI (the first phase of the project at a cost of Rs85 crore would be ready by the end of Dec 2011).
October 31, 2010... Bengal Wagon Industries Pvt Ltd has announced the commencement of work on setting up of a wagon facility in the premises of SAIL Growth Works at Kulti. The company is a joint venture of Steel Authority of India Ltd (Sail) and RITES. The first...

AIR INDIA TO PARTIALLY SHIFT DELHI OPERATIONS TO TERMINAL 3 (of the Indira Gandhi International airport).
October 31, 2010... Air India would partially shift some of its domestic flight operations to Terminal 3 of the Indira Gandhi International airport. It is aimed at providing smooth connectivity to its passengers flying to international destinations from eight...

STRONG ORDER BOOK, COST CONTROL HALVES SUZLON NET LOSS IN Q2 (to Rs89.05 crore from Rs184.91 crore in jul-Sep 2009).(Financial report)
October 31, 2010... Suzlon Energy Ltd has reported drop in its standalone net loss to Rs89.05 crore for Jul-Sep 2010 from Rs184.91 crore in Jul-Sep 2009. Its standalone income rose to Rs1,067.95 crore from Rs616.02 crore. It was able to reduce its loss due to...

KAWASAKI SETS UP INDIAN SUBSIDIARY (in Pune to expand sales of its motorcycles in India).
October 31, 2010... Kawasaki Heavy Industries (KHI) of Japan has floated its Indian subsidiary India Kawasaki Motors Pvt Ltd. The subsidiary based in Pune would expand sales of KHI motorcycles in India. The company, which has sold 1,000 Kawasaki Ninja 250 cc bikes...

JAIPRAKASH POWER NET UP 39 PERCENT (at Rs86.98 crore on revenues of Rs282.55 crore in Jul-Sep 2010).
October 31, 2010... Jaiprakash Power Ventures Ltd recorded a net profit of Rs86.98 crore in Jul-Sep 2010, up 39 percent year-on-year (y-o-y). Its revenues stood at Rs282.55 crore, up 48 percent y-o-y. The company's hydropower generating capacity would...

ADITYA BIRLA NUVO Q2 NET SOARS TO Rs105 CRORE (from Rs1 crore in Jul-Sep 2009).
October 31, 2010... Aditya Birla Nuva has announced a net profit of Rs105 crore for Jul-Sep 2010 as against Rs1 crore in Jul-Sep 2009. Its net income increased to Rs4,532 crore, up 23 percent. The company's earnings before interest, tax, depreciation and...

WIKIPEDIA'S INDIA OFFICE TO BE FIRST OUTSIDE US (to explore the open Internet culture in India).
October 31, 2010... Wikimedia, which owns online encyclopedia Wikipedia, intends to open its office in India, the first outside the US. It is on the lookout for a location to open the office that would have about four people to work with Indian contributors. It...

SRI CITY PLANS EXCLUSIVE SPACE FOR e-WORLD (to dedicate 500 acres of land for the entertainment and media industry).
October 31, 2010... Sri City Pvt Ltd plans to dedicate 500 acres in the 6,000-acre Sri City, for e-world - the entertainment and media industry. The investments in e-world would be for studios, animation facilities, post production laboratories, outdoor film...

DEWAN HOUSING FINANCE: WINDOW OF OPPORTUNITY (offers housing loans to low and middle-income groups in tier II and tier III cities).
October 31, 2010... Dewan Housing Finance Ltd (DHFI) is a non-banking finance company, offering housing loans to low and middle-income groups in tier II and tier III cities. It operates from 354 locations and has tied up with banks like Punjab and Sind Bank, United...

PIRAMAL HEALTHCARE: FAILS TO STIR INTEREST (announces 20 percent equity buyback in Feb 2011).
October 31, 2010... Piramal Healthcare has announced 20 percent equity buyback in Feb 2011. It is aimed at returning cash to its shareholders following the sale of its domestic formulations business to Abbott Laboratories in May 2010. The buyback offer is unlikely...

NPPA STUDY FINDS HUGE GAP IN CANCER DRUG PRICES (price difference is over 1,000% in five to six types of cancer drugs).
October 31, 2010... The National Pharmaceutical Pricing Authority (NPPA) has found huge price variations among various brands of cancer medicines sold in India. The price difference is the highest among various brands of breast cancer medicine letrozole at 3,210...

AD2PRO: AROUND THE WORLD IN 30 MINUTES (the company claims to offer a turnaround time of anything between 30 minutes and 10 hours).
October 31, 2010... Ad2Pro is a company that designs advertisements for publishers in the West using an offshore model. At present, the company has annual revenues of $10 million and 500 employees serving 25 customers. Five years from now, the company expects to be...

DQ ENTERTAINMENT: LIVING LIFE IN 3D (will produce a 3D movie of Rudyard Kipling's The Jungle Book).
October 31, 2010... Hyderabad-based DQ Entertainment (International) will produce a 3D movie of Rudyard Kipling's The Jungle Book. The movie is expected to be released worldwide in 2012. For The Jungle Book, the company is talking to leading movie houses like...

GRAPHITI MULTIMEDIA: ANIMATION FARM (main markets are Europe, 30%; the US, 40%; and the rest, 30%).
October 31, 2010... Graphiti Multimedia is into creating original animated content that entertains, educates and engages the audiences. Graphiti Multimedia, which was known for its advertising films till 2002, decided to create some intellectual property. The...

AURA HERBAL TEXTILES: DYEING FOR LIFE (is a pioneer in large-scale manufacture of textiles using natural dyes and a chemical-free process).
October 31, 2010... Aura Herbal Textiles is a pioneer in large-scale manufacture of textiles using natural dyes and a chemical-free process. Aura has developed a mass-production process that could handle more than 5,000 metres a day. The company makes fabrics,...

MISSION VIVACARE: PACKED WITH SUPPLEMENTS (sells 30 nutraceutical products under the MissionPrime brand).
October 31, 2010... Mission Vivacare sells 30 nutraceutical products under the MissionPrime brand. The nutraceuticals division of the company accounts for 30 percent of Vivacare's total turnover. Mission Vivacare expects this contribution to increase to 50...

GRIDLOGICS TECHNOLOGIES: GREAT AUTOMATIC IDEA HUNTER (the company's text mining tool, Patent iNSIGHT Pro, is a product designed for text-mining of patents).
October 31, 2010... Gridlogics Technologies' text mining tool, Patent iNSIGHT Pro, is a product designed for text-mining of patents. The tool uses algorithms to process large volumes of patents to bring out intelligence that is relevant for professionals in...

BEST ROSES BIOTECH: ROSES ARE FOREVER (is targeting to export 10 million cut roses in 2010-2011).
October 31, 2010... Best Roses Biotech is an exporter of cut roses. In 2009-2010, the company exported four million cut roses. It is targeting to export 10 million cut roses in 2010-2011 by tying up with growers across Gujarat, Maharashtra and Karnataka. Best...

BUZZFACTORY.NET: SOCIAL SECRETARY TO BUSINESSES (main markets are US, Asia, and Europe).
October 31, 2010... Pune-based BuzzFactory.net is involved in content writing, online publishing, business blogging, managing social media accounts, building online communities and keeping its clients' social persona active. BuzzFactory has eight clients, mostly...

NEEMRANA HOTELS: BASTIONS OF COMFORT (manages 23 properties that have a total of 251 rooms across 17 destinations in India).
October 31, 2010... Neemrana Hotels manages 23 properties that have a total of 251 rooms across 17 destinations in India. These 23 properties range from the 14th century to the 21st century. The room rates are in the range of Rs2,500 to Rs22,000. The company has a...

DOT TO LAUNCH COUNTRYWIDE MNP ON 25 NOV 2010 FROM HARYANA SERVICE AREA (customers in Haryana can now change their service provider without changing their mobile numbers).
October 31, 2010... The Department of Telecommunications (DoT) of the Government of India has announced that the countrywide launch of Mobile Number Portability (MNP) services will start from Haryana Licensed Service Area on 25 Nov 2010. Earlier, MNP services were...

FENNER (INDIA) TO EXPAND, DIVERSITY PRESENCE IN AUTOMOTIVE SEGMENT (to meet the demand from the OEM and replacement markets).
October 31, 2010... Fenner (India) Ltd, manufacturer and exporter of industrial and automotive V-belts, oilseals and power transmission accessories, plans to expand its manufacturing capacity by 30 percent in 2010- 2011 and another 30 percent in 2011-2012. The move...

FIAT LAUNCHES UPGRADED 1.4 LITRE LINEA T-JET (with 13 more features and priced Rs8.84-9.29 lakh ex-Mumbai).
October 31, 2010... Fiat India Automobile Ltd has launched its upgraded Linea T-Jet. It is equipped with 1.4 litre turbocharged petrol engine imported from Polland. The T-Jet, which comes with 13 more features like four disc brakes and imported leather upholstery,...

BMW LAUNCHES FINANCIAL ARM IN INDIA (to provide customised and financing options to its customers).
October 31, 2010... BMW has floated a non-banking financial company, BMW Financial Services (BMDFC), in India for providing customised and financing options to its customers. It offers finance to its customers at 8.75 percent interest. BMWFC will have an initial...

CA TECHNOLOGIES BUILDING AWARDED LEED INDIA GOLD CERTIFICATION (from the Indian Green Building Council).
October 31, 2010... CA Technologies has announced that its new building at its India Technology Centre campus in Hyderabad has been awarded the Leadership in Energy and Environmental Design (LEED) India Gold for new construction certification from the Indian Green...

RIM INTRODUCES BLACKBERRY TORCH SMARTPHONE IN INDIA (equipped with a broad range of advanced communications and multimedia features).
October 31, 2010... Research In Motion (RIM) has launched its BlackBerry Torch 9800 smartphone equipped with a broad range of advanced communications and multimedia features in India. The smart phone comes with the new BlackBerry 6 operating system.

INDIAN COMPANY RECEIVES HAWORTH CARBON POSITIVE CERTIFICATION (and becomes the first Indian company to do so).
October 31, 2010... Pegasystems India has launched its Environment Sustainability Campaign and became the first Indian company to receive the Climate Positive Certificate from Haworth. Haworth is office furniture provider and eco-partner of Pegasystems India.

THINKSOFT SELECTS HP (to build an Application Testing Centre of Excellence).
October 31, 2010... Hewlett Packard (HP) has been selected by ThinkSoft Global Services of Chennai to build an Application Testing Centre of Excellence. The centre will help ThinkSoft's customers reduce software development timeframes and life cycle costs.

RAMCO MAINTAINS MOMENTUM IN THE MIDDLE EAST (by signing an agreement with Gulf Precast).
October 31, 2010... Ramco Systems has signed an agreement with Gulf Precast Concrete Company LLC (Gulf Precast) to maintain its momentum in the Middle East. Under the agreement, Ramco will offer its full-suite of on- premise ERP-Ramco Enterprise Series 5.0 to Gulf...

MAHINDRA SATYAM SIGNS DEAL WITH COMMONWEALTH OF KENTUCKY (for design and delivery of a document management system).
October 31, 2010... Mahindra Satyam has signed an agreement with Commonwealth of Kentucky, US. Under the agreement, Mahindra Satyam will design and deliver a document management system for a child support system of the Commonwealth of Kentucky.

KPIT CUMMINS ACQUIRES THE US BASED CPG SOLUTIONS (which is a provider of premium Oracle consulting services).
October 31, 2010... KPIT Cummins Infosystems has entered into an agreement to acquire CPG Solutions of US, which is a provider of premium Oracle consulting services to manufacturing and supply chain companies. The acquisition cost is Rs60 crore.

UAS ENTERS INTO PPP MODE TO DEVELOP NOVEL RAGI MALT VENDING MACHINE (and will install 250 machines in Karnataka by Dec 2010).
October 31, 2010... University of Agricultural Sciences (UAS), Bangalore, and Swasthya Food Products, Bangalore, have developed a ragi malt vending machine under the public-private-partnership (PPP) mode. The machine developed at a cost of Rs26,000 can dispense...

INDIAN BEVERAGES LAUNCHES NOVEL ASH GOURD JUICE (in Bangalore).
October 31, 2010... Indian Beverages of Bangalore has launched ash gourd juice under the brand name Ve-La in Bangalore. The vegetable juice is priced at Rs15 for a bottle of 200 millilitres with shelf life of six- eight months. The company has invested Rs10 lakh...

DEL MONTE LAUNCHES MUSTARD SAUCE (in a 480 grams sqeezy pack for Rs75).
October 31, 2010... Del Monte has launched new mustard sauce 'Mustard NOW' in a 480 grams squeezy pack. It is priced at Rs75 for 480 grams. It had in Jun 2010 launched Zingo and Twango flavours.

PROJECT OUTLAY INDEX UP 4.2% IN SEPTEMBER (the index measures the overall project cost escalation in terms of WPI of material inputs).
October 31, 2010... The composite ERIL (Economic India Research) Index of cost of projects inputs rose by 4.2 percent in September 2010 annually and by 2 percent since March 2010. Both rates are about 50 percent of those for overall Whole Price Index (WPI). The...

KUTCH TO GET JETTY FOR SALT EXPORTS (Bagsara belt is a leading salt producing belt with 40,000 acres under salt production).
October 31, 2010... A jetty and allied infrastructure will be built near Bagsara at Rajkot in Gulf of Kutch for salt export at a cost of Rs80 crore. Bagsara belt is a leading salt producing belt with 40,000 acres under salt production. The region produces about 10...

IN BRIEF: PARKING YARD AT CHENNAI PORT (yard to accommodate 350 container trucks).
October 31, 2010... Chennai Port Trust is building a parking yard for trucks near Gate 1 of the port at Kasimedu. The yard, covering 5.5 acres, is to accommodate 350 container trucks. The project, expected to be completed by December 2010, will cost Rs2 crore.

DREDGING CONTRACT AT ENNORE PORT (dredging to be completed in 18 months).
October 31, 2010... Ennore Port Limited has given the dredging contract, worth Rs171 crore, to Dredging Corporation of India. The work involves, apart from deepening of berths and entrance channel, 9.5 million cubic feet of dredging and pumping the dredged material...

CIDCO REVISES PLANS FOR NAVI MUMBAI AIRPORT (the new plan saves 50 acres of mangrove and 600 acres of wetland from destruction).
October 31, 2010... The City and Industrial Development Corporation (CIDCO) of Maharashtra has revised its plan for Navi Mumbai airport. The new plan of CIDCO, the nodal agency for the airport project, saves 50 acres of mangrove and 600 acres of wetland from...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: ABHISHEK INDUSTRIES LIMITED (wins silver trophy for Top Exporters in Cotton Made-up, Terry Towel category).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Abhishek Industries Limited (AIL) of Ludhiana has won the silver trophy for Top Exporters in Cotton Made-up (Terry Towels...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: ALOK INDUSTRIES LTD (wins gold trophy for Top Exporters in Cotton fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Alok Industries Ltd (AIL) of Mumbai has won the gold trophy for Top Exporters in Cotton fabrics, bleached/dyed/yarndyed/Ptd...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: ALPS INDUSTRIES LTD (wins gold trophy for special achievement in yarn category).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Alps Industries Limited (AIL) of Ghaziabad has won the gold trophy for special achievement in yarn category with an export...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: ARVIND LTD (wins the gold trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Arvind Limited of Ahmedabad has won the gold trophy for Top Exporters in Cotton Fabrics (Cotton Denim) with an export turnover of...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: ASIAN FABRICX PVT LTD (wins the silver trophy for Top Exporters in Cotton Made-ups).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Asian Fabricx Pvt Limited of Karur in Tamil Nadu has won the silver trophy for Top Exporters in Cotton Made-ups (category: other...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: GTN ENTERPRISES LTD (wins the bronze trophy for Top Exporters in Cotton yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. GTN Enterprises Limited of Kochi has won the bronze trophy for Top Exporters in Cotton yarn (category: Count 51s and above) with...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: INDO COUNT INDUSTRIES LTD (wins the gold trophy of Special Achievement in Made-ups category).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Indo Count Industries Limited (ICIL) of Mumbai has won the gold trophy of Special Achievement in Made-ups category with an export...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: JVS EXPORT (wins the gold trophy for Top Exporters in Cotton Made-ups).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. JVS Export of Madurai has won the gold trophy for Top Exporters in Cotton Made-ups (category: other Made-ups) with an export turnover...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: KG DENIM LTD (wins the bronze trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. KG Denim Ltd of Mettupalayam in Tamil Nadu has won the bronze trophy for Top Exporters in Cotton Fabrics (category: Denim) with an...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: KIKANI EXPORTS (wins the gold trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Kikani Exports of Mumbai has won the gold trophy for Top Exporters in Cotton Yarn (category: Processed Yarns) with an export turnover...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: LAHOTI OVERSEAS LTD (wins the gold trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Lahoti Overseas Ltd of Mumbai has won the gold trophy for Top Exporters in Cotton Yarn (category: Counts 51s and above) with an...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: LOYAL TEXTILE MILLS LTD (wins the gold trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Loyal Textile Mills Ltd of Chennai has won the gold trophy for Top Exporters in Cotton Fabrics (category: Grey) with an export...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: MORARJEE TEXTILES LTD (wins the silver trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Morarjee Textiles Ltd of Mumbai has won the silver trophy for Top Exporters in Cotton Fabrics (category:...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: NAGREEKA EXPORTS LTD (wins the bronze trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Nagreeka Exports Ltd of Mumbai has won the bronze trophy for Top Exporters in Cotton Yarn (category: Count 50s and below) with an...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: NAHAR SPINNING MILLS LTD (wins the gold trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Nahar Spinning Mills Ltd of Ludhiana has won the gold trophy for Top Exporters in Cotton Yarn (category: Count 50s and below) with an...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: PARAMOUNT TEXTILE MILLS PVT LTD (wins the bronze trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Paramount Textile Mills Pvt Ltd of Madurai has won the bronze trophy for Top Exporters in Cotton Fabrics (category: Grey) with an...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: PREMIER MILLS PVT LTD (wins the silver trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Premier Mills Pvt Ltd of Coimbatore has won the silver trophy for Top Exporters in Cotton Yarn (category: Counts 51s and above) with...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: RAYMOND UCO DENIM PVT LTD (wins the silver trophy for Top Exporters in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Raymond Uco Denim Pvt Ltd of Thane in Maharashtra has won the silver trophy for Top Exporters in Cotton Fabrics (category: Denim)...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: SHARADHA TERRY PRODUCTS LTD (wins the bronze trophy for Top Exporters in Cotton Made-ups).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Sharadha Terry Products Ltd of Mettupalayam has won the bronze trophy for Top Exporters in Cotton Made-ups (category: Terry Towels)...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: SHRIJEE LIFESTYLE PVT LTD (wins the gold trophy for Special Achievement in Fabrics category).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Shrijee Lifestyle Pvt Ltd of Mumbai has won the gold trophy for Special Achievement in Fabrics category with an export turnover of...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: THE ASIAN TRADERS (INDIA) (wins the gold trophy for Top Merchant Exporter in Cotton Fabrics).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. The Asian Traders (India) (TATI) of Mumbai has won the gold trophy for Top Merchant Exporter in Cotton Fabrics with an export...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: VARDHMAN TEXTILES LTD (wins the silver trophy for Top Exporter in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Vardhman Textiles Ltd (VTL) of Ludhiana has won the silver trophy for Top Exporter in Cotton Yarn (category: Counts 50s and below)...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: WELSPUN GLOBAL BRANDS LTD (wins the gold trophy for Highest Global Export Performance).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Welspun Global Brands Ltd (WGBL) of Gujarat has won the gold trophy for Highest Global Export Performance with an export turnover of...

TEXPROCIL EXPORT AWARD WINNERS FOR 2009-2010: WINSOME TEXTILE INDUSTRIES LTD (wins the bronze trophy for Top Exporters in Cotton Yarn).
October 31, 2010... The Cotton Textiles Export Promotion Council (TEXPROCIL) has announced the list of award winners for 2009-2010. Winsome Textile Industries Ltd of Chandigarh has won the bronze trophy for Top Exporters in Cotton Yarn (category: Processed...

TEXTILE INDUSTRY: COTTON USE TO OUTPACE PRODUCTION FIRST TIME IN 5 YEARS (the overall consumption in 2009-2010 is estimated at 33.3 million bales against the production of 29.5 million bales).
October 31, 2010... The consumption of cotton in India is expected to exceed production in 2009-2010 for the first time since 2005 due to lower productivity. The Cotton Advisory Board (CAB) has estimated the overall cotton consumption at 33.3 million bales against...

KUL DESIGNS FLATS FOR SLUM DWELLERS IN PUNE (as part of 48 building units at its eco-friendly site 45- Nirvana Hills).
October 31, 2010... Kumar Urban Development Ltd (KUL) is designing two-bedroom, hall, kitchen flats for shanty dwellers of Pune. KUL will build totally 5,045 houses, which will form part of 48 building units at its eco-friendly site, 45-Nirvana Hills. The flats...

PATEL REALTY LAUNCHES SECOND PHASE OF NEOTOWN (an integrated township on 120 acres with a mall area of 7 lakh square feet spread over 16 acres).
October 31, 2010... Patel Realty India Ltd, a wholly owned subsidiary of Patel Engineering Ltd, has launched the second phase of its project 'Smondo 2.0' at Neotown in Bangalore. It will be an integrated township on 120 acres with a mall area of 7 lakh square feet...

KOTAK REAL ESTATE TO INVEST IN 3C PROJECT (plans to invest Rs85 crore in its new residential project Lotus Zing).
October 31, 2010... Kotak Real Estate Fund (KREF) plans to invest Rs85 crore in its new residential project, Lotus Zing. The project by the 3C Company will come up on Noida Expressway and involves development of 2,500 units by 2013. This is the second investment...

MANJEERA PLANS Rs500-CRORE REALTY PROJECT (Manjeera Trinity in Hyderabad).
October 31, 2010... The Manjeera Group plans to invest Rs500 crore in its real estate project Manjeera Trinity in Hyderabad. The Company has tied up with Trinity Capital, an investor of Germany, which is likely to bring in Rs80 crore for four percent equity. It...

SOBHA DEVELOPERS LAUNCHES SOBHA CLASSIC (a super luxury project in Bangalore).
October 31, 2010... Sobha Developers has launched a super luxury project, Sobha Classic, over 6.9 acres in Bangalore. The project will have 243 apartments of sizes between 1,752 and 2,070 square feet. It will have fully equipped club house with gyms for weight...

NITESH ESTATES INITIATES PROJECT IN BENGALURU (a condominium project by name Nitesh Caeser's Palace with an investment of Rs200 crore).
October 31, 2010... Nitesh Estates has launched its Rs200-crore condominium project by name Nitesh Caeser's Palace in south Bengalauru. The project will have 516 apartments on 4.5 acres and will include 30,000 square feet retail space. The project will have the...

OMKAR PROJECTS RECEIVE Rs550 CRORE (for its two projects, one each at Malad and Worli coming up in Mumbai).
October 31, 2010... Omkar Realtors and Developers of Mumbai plans to raise around Rs200 crore through private equity. The Group has achieved financial closure for Rs550 crore for its two projects coming up, one each at Malad and Worli in Mumbai. The Company has...

ACKRUTI CITY TO LAUNCH 14 PROJECTS (totalling about 8 million sq.ft by Jan-Apr 2011).
October 31, 2010... Akruti City Ltd plans to launch 14 new projects totalling 7-8 million square feet (sq.ft) by Apr 2011. The Company proposes to develop the projects in Mumbai, Pune, Thane and at Ahmedabad, Baroda, Mehsana and Surat in Gujarat. It is building a...

SUPREME INFRA OFFERS RESIDENTIAL UNITS FOR ARMY (in Haryana with an investment of Rs77.70 crore).
October 31, 2010... Supreme Infrastructure plans to build residential accommodation for the army in Haryana. The proposed project involves an investment of Rs77.70 crore. It is expected to be completed by Jan 2013.

AKSHAYA HOMES GOING GREEN (appoints Crisil to rate its projects and publish the data irrespective of the rating).
October 31, 2010... Akshaya Homes of Chennai plans to go green. The Company has enlisted Crisil to rate its projects and publish the data irrespective of the star rating. Its project ratings range between four and seven stars. The 36 Carat project is rated five...

BRAHMA PLANS TOWNSHIP IN GURGAON (by name Brahma City, a 5 million sq.ft project).
October 31, 2010... Brahma Management of New York plans to set up Brahma City, a 5- million square feet (sq.ft) township at Gurgaon in Haryana. The Company has signed a Rs600-650 crores deal for 152 acres. The Government of Haryana has given licence for...

CENTURY RAISES Rs100 CRORE TO FUND SEVEN PROJECTS (through a private placement of non-convertible debentures).
October 31, 2010... Century Real Estate of Bangalore has raised Rs100 crore through a private placement of non-convertible debentures for launching seven projects. Through these projects the Company plans to develop a built-up area of 1.7 million square feet...

VBHC LAUNCHES HOUSING PROJECT IN BENGALURU (named Vaibhava offering apartments for Rs4.5 lakh and Rs10 lakh).
October 31, 2010... Value and Budget Housing Corporation (VBHC) has launched its first housing project, Vaibhava, on Anekal-Chandapura road near Electronics City in Bengaluru. The project offers apartments in the price range of Rs4.5 lakh-Rs10 lakh. It involves...

SOBHA PLANS MAJOR LUXURY HOME PROJECT (at Gurgaon on the outskirts of New Delhi with an investment of Rs500 crore).
October 31, 2010... Sobha Developers plans to develop a luxury homes project over 150 acres at Gurgaon on the outskirts of New Delhi with an investment of Rs500 crore. The Company proposes to build 21 residential projects totalling 8.5 million square feet...

OM METALS ACQUIRES LAND IN JAIPUR (five acres for Rs158 crore to develop high-end apartments).
October 31, 2010... Om Metals Infraprojects has purchased five acres for Rs158 crore at Jaipur in Rajasthan. The Company proposes to develop high-end apartments focusing on niche clientele with world class amenities. Om Metals Consortium Ltd, the company's...

DLF PLANS Rs900-CRORE RESIDENTIAL PROJECT IN CHENNAI (acquires 4.6 acres and receives bookings for 150 units at the launch of the project).
October 31, 2010... DLF plans to invest Rs900 crore in a luxury residential project in Chennai. The Company has acquired 4.6 acres and received bookings for 150 units at the project launch. The launch price is Rs11,650 per square feet (sq.ft). The minimum price...