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Shahrukh Khan to Launch Five Star Hotel in Kerala

Posted: 04 Aug 2011 07:43 PM PDT

Bollywood actor Shahrukh Khan will formally launch The Raviz, a five-star hotel property with seven star facilities standing on the banks of the Ashtamudi lake in suburban Kollam on August 19. The chief minister, Oommen Chandy, will inaugurate a function to be held in this connection, according to B Ravi Pillai, a leading non-resident entrepreneur [...]

Sobha Group Forays into NCR: Plans 150acre Township in Delhi

Posted: 04 Aug 2011 07:05 PM PDT

As part of its foray into the National Capital Region (NCR), Sobha Group will be developing a township project in Delhi. The International City will come up over 150 acres in Dwarka-South West Delhi. The first phase of this project will be spread over 36 acres, with 3.5 million square feet of development including 0.5 [...]

Tier II Cities More Attractive Destination for Retail Loan Demand: Crisil

Posted: 04 Aug 2011 06:52 PM PDT

Crisil Research expects increasing finance penetration and entry of more players to drive faster growth in retail loans demand in tier II cities. Despite lower volumes, these markets are as profitable as the larger markets on account of higher yields, says Crisil’s recent report titled “Retail loan products: Opportunities and risks beyond metros and mini-metros”. [...]

Shangri-La Hotel to open in Mumbai by Year End

Posted: 04 Aug 2011 06:47 PM PDT

After seeing numerous delays since 2009, the Shangri-La Hotel is finally set to debut in Mumbai by the year-end. Phoenix Mills Ltd (PML), the asset owning company, had earlier planned to soft-launch the property at its Parel compound with 50 per cent inventory in the second quarter of the last fiscal. However, the company ran [...]

Land Acquisition Act is a fraud, ought to be scrapped: SC

Posted: 04 Aug 2011 06:07 PM PDT

Frowning at increasing incidents of government forcibly acquiring land for industrialization and residential schemes, the Supreme Court observed that the Land Acquisition Act ought to be scrapped as it is a “fraud” devised by some “sick people”. In a morale booster to the Narendra Modi government in Gujarat, the apex court complimented it for its [...]

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