News

Aviation:
GTL group likely to acquire Indmar an  Aviation MRO Company in India
Saab, TCS in tie-up to create aviation design and development center in India
Hero Motors to pump in Rs 500 cr on aviation foray

Construction:
Action Construction Equipment (ACE) has signed a Memorandum of Understanding (MoU) with a Chinese construction equipment manufacturing Company

Entertainment:
DQ Entertainment, London earmarks 200 Crores for investment in India
Reliance Big Entertainment acquires us based cricket web casting portal  Willow TV.
Shemaroo Entertainment to invest Rs 200 cr in film production, distribution and ties up with IMA(Israel mobile and communication Associations) to tap mobile entertainment.
The Indian cabinet has approved r FM broadcasters to setup subsidiaries with investment limit of 20 percent .

Finance:
17 companies have applied for a mutual fund licence with the market regulator, including  financial services companies such as Axis Bank, Schroder Investment Management, Indiabulls, Nikko-Ambit and Shinsei Bank.

Healthcare:
Healthcare   Knowledge   City to come up at Aragonda in Andhra on 100 acres by Appolo.

Highways&Roads:
Govt clears 10 road projects worth around  USD 2.5billions(Rs10507Cr)

Hospitality:
Eleven hoteliers short listed to bid for 5 star hotels in the Shamuka Beach Project(USD800million),Orissa

Hydrocarbon:
India, Colombia sign agreement in hydrocarbon sector for exploration and production of oil and gas in Colombia
Reliance Ind to tap global markets for  petroleum products  produced in India

Information Technology
Employee State Insurance Corporation (ESIC) plan Information Technology(IT) roll out plan, to connect all its branch offices, dispensaries and hospitals countrywide.

Logistics:
Tantia Constructions Ltd (TCL), one of India's leading civil and core infrastructure developing companies is mulling to foray into the logistics business in the next 2-3 years.

Power:
GVK Power plan to buy nuclear reactors from GE, Westinghouse 

 

Railways:
Indian railways plans to invest Rs 2,000 crore annually for new coaches and wagons
Jindal Saw Limited is setting up a modern wagon manufacturing facility in Gujarat to roll out 2,000 special wagons in the  year staring from 2009.
BEML bags contract for supply of rakes to Railways
BHEL plans to set up locomotive plant

Real Estates:
Real-estate firm Parsvnath Developers Ltd to invest 1.2 billion rupees to set up a mall project at Haryana,India.
The Andhra Pradesh government has signed an MoU with the government of Ras Al Khaimah (UAE) to develop Hyderabad Economic City with investments of USD5billions

Retail:
Marks & Spencer Reliance to open its first  store by  January 2009 in India.

Rural:
BSNL ,India plans to  connect 1.48 lakh more villages with high-speed internet connection in the next six months

Telecom:
The foreign telcos can bid on  their own for the 3G spectrum but before rolling out services they should find an Indian partner.
The DoT has already started the process of appointing an agency to auction 3G spectrum.
Number portability services will be rolled out by the end of next year across India..
GTL Infra mops up Rs 3,500 cr for tower expansion (17000 Telecom towers)

Tourism:
India targets doubling foreign tourist arrivals by 2010 by setting up cruise terminals at Mumbai, Chennai, Kochi, Goa Ports.

Urban:
Gammon Infrastructure Projects  is planning to foray into urban infrastructure.

Water:
US-based electronic water appliances maker AO Smith  to set up a residential water heater manufacturing plant in Bangalore.