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| Ansal launches Rs 30 cr residential project, eyes Rs 150 cr investment Excelsior Correspondent JAMMU, Jan 18: Ansal Buildwell Ltd, the real estate ...........more' Excalibur
opens Excelsior Correspondent JAMMU, Jan 18: Excalibur a power brand from Arvind Brands which has stormed the fashion world, today opened its store in South .....more Cut taxes
for aviation sector NEW DELHI, Jan 18: The Centre today asked State Governments to review and rationalise their taxation policy on jet fuel and land acquisition practices to encourage the expansion of civil aviation sector so that they could .......more SC
restrains TVS NEW DELHI, Jan 18: The Supreme Court today restrained automobile company TVS Motor from taking further booking order for its two-wheeler ‘TVS Flame’ till January 29."No further booking shall be made from today till January 29," ......more |
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Nano to give fillip to four-wheeler market in the country NOIDA, Jan 18: "Nano" would give a fillip to the four-wheeler market and could also be used as a commercial vehicle by auto drivers .....more Chevrolet
Spark to CHANDIGARH, Jan 18: General Motors India today announced that its small car ‘Chevrolet Spark’ would command the largest pie in total sales, even as the ......more Fuel price
hike will NEW DELHI, Jan 18: Petroleum Minister Murli Deora today said a hike in the retail prices of fuel will be minimal and the Empowered Group of Ministers (EGoM) will meet tomorrow or the day after tomorrow to take a decision.....more IGNOU
signs pact with NEW DELHI, Jan 18: The Indira Gandhi National Open University (IGNOU) today inked a Memorandum of Understanding (MoU) with the Federation of Indian Publishers (FIP) to design, develop and offer a PG Diploma in Book .....more |
Ansal launches Rs 30 cr
residential project, Excelsior Correspondent JAMMU, Jan 18: Ansal Buildwell Ltd, the real estate developers, today announced Rs 150 crore investment in Jammu and Kashmir, with its Rs 30 crore residential project "Florence Apartments" in the city of temples. The real estate player, in a joint venture with a local Sansar Group of Companies, has taken up the project Rs 30 crore residential project near Jammu Tawi Railway Station as its first step to advance in the State. ‘’This 72-apartment luxurious and integrated housing project of Ansal (Buildwell) will be completed in 24 months time,’’ company’s DGM (marketing) Rajeev Kalia said at a press conference. The project consisting of two towers of five floors each with 24 two-bedroom and 48 three-bedroom apartments will be completed in 1.4 acre land. As the Ansal group, being an outsider, cannot acquire property under the special status in the State, it has come up with an association with Sansar Group which, owns land within the Jammu Municipal limits at Trikuta Nagar extension. ‘’All the formalities for Florence Apartment have been completed and its foundation stone will be laid tomorrow,’’ Kalia announced. The Delhi-based real estate company plans Rs 150 crore investment for taking up integrated townships and commercial projects in the State. On Kashmir, Mr. Kalia said, ‘’Yes, we would like to work in the valley, but someone (locals) have to come forward there also.’’ Ansal buildwell is also negotiating on some more projects in the State. ‘’Yes they are in the pipe-line, but not freezed yet,’’ he said. Among others who also present during the press conference were Gourav Mohan Puri, director Ansal Buildwell, Manu Mahajan, director Sansar Group, Nand Raj Jog and Praveen Sharma. Excalibur opens showroom at Bahu Plaza Excelsior Correspondent JAMMU, Jan 18: Excalibur a power brand from Arvind Brands which has stormed the fashion world, today opened its store in South Block Bahu Plaza near, here. The store was inaugurated by Mr Deepak Tiku, Regional Manager North in presence of Vipin Gupta Company franchise. The company has plans to open 50 more exclusive stores in Upper North and as of date 25 stores are already operational in this region, disclosed Mr Tiku on the occasion. He said this is fourth exclusive store of company in Jammu. He said targeted at corporate executives in the middle echelons of the corporate world, Excalibur offers a world-class collection of formal shirts and trousers that help the executives personality. He said the brand has been known to be an expert in corporate formals, with shirts in solids, chaks and structures, all in the price range of Rs 495-995. These shirts are designed with the best fabrics, including speciality fabrics like cotton linen, linen, dobby waves, slubs and micro fibers. He said the formal trouser range is designed with fine fabrics such as ploy-viscous, wrinkle free PV Twills, Micro Twils, structures and linen, to superbly compliment the Excalibur shirts. The prices of these trousers range between Rs 695 and Rs 895. Mr Tiku said the Excalibur store displays the latest Autumn Winter collection, specially designed for festive season. The brand also offers a lively range of sweaters and during this season and introduction of new jackets has also been made. Cut taxes for aviation sector growth, Centre tells states NEW DELHI, Jan 18: The Centre today asked State Governments to review and rationalise their taxation policy on jet fuel and land acquisition practices to encourage the expansion of civil aviation sector so that they could themselves reap the benefits of its unprecedented growth. "States must not look at aviation as a milching cow. There is cut-throat competition in this sector. Airlines are losing money, mainly because of competition and high taxes," Civil Aviation Minister Praful Patel said at the first-ever National Civil Aviation Conference, involving state governments, here. He said if the taxes, particularly state sales tax, were rationalised, then it would encourage more airlines to fly into a state, leading to creation of aviation as well as tourism infrastructure that would in turn create jobs and income through a multiplier effect. The Minister also pointed out that no PSU under his Ministry got budgetary support from the Centre. "There is a myth about Government support to the Ministry. Except for equity in AAI, Air India and some funds for a few airports in the Northeast, these PSUs do not get any financial support." On the issue of land acquisition, Patel said while the Airports Authority of India (AAI) and other agencies would help develop airports, it was now the prime responsibility of State Governments to provide land for new ones as well as expanding the existing ones. The conference was attended by Tourism Minister Ambika Soni, Planning Commission Deputy Chairman Montek Singh Ahluwalia, ministers of several states and officials of Tourism, Finance and Civil Aviation Ministries. (PTI) |
SC restrains TVS from booking
its bike NEW DELHI, Jan 18: The Supreme Court today restrained automobile company TVS Motor from taking further booking order for its two-wheeler ‘TVS Flame’ till January 29. "No further booking shall be made from today till January 29," a Division Bench headed by Justice H S Kapadia said, while directing the single Bench of Madras High Court to take the interim application of Bajaj Auto Ltd (BAL) on January 29. The Bench issued its direction on a petition filed by BAL challenging the Madras High Court order allowing TVS Motor to go ahead with its manufacturing and selling of two-wheeler ‘TVS Flame’. Bajaj Auto had challenged a Division Bench order of the Madras High Court of December 20 allowing TVS Motor to go ahead with its booking and delivery of its new bike. The Apex Court, after hearing the contention of both the automobile majors, directed the status quo as of today is to be maintained. Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i-acronym for Digital Twin Spark Plug ignition-in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes. TVS, however, has denied BAL’s allegations and has slapped a Rs 250-crore defamation suit against the Pune-based company. (PTI) Nano to give fillip to four-wheeler market in the country NOIDA, Jan 18: "Nano" would give a fillip to the four-wheeler market and could also be used as a commercial vehicle by auto drivers in future, speakers at a discussion on the new vehicle from the Tata’s Stable felt. In a debate organised by Birla Institute of Management Technology-Centre for Retail here yesterday many participants felt that the car demonstrated India’s entrepreneurship and technological prowess. Several views were stated in favour of the car including the fact that it would increase the affordability and aspirations of the middle class. Many felt that the small car industry could eventually take the lead and export their success in small car manufacture to other nations, thereby generating revenue. Another interesting view was that with this car, India can export a kind of "Gandhian engineering" combining respect for conventional thinking with frugality. However, those opposed to the entry of "Nano" called for urgent redressal of problems that would be ushered in with this car. They urged the authorities concerned to draw up plans to regulate the surge in traffic and arrange for more parking places. They also felt that the car would deplete people’s savings which otherwise could have been put to better use. A few people pointed to the increase in environmental hazards due to a rise in the existing pollution level. With this car, most families would now be putting at risk the lives of four people instead of the usual two, in case of two wheelers, they added. Speaking on the occasion, director Dr H Chaturvedi pointed out that despite several hurdles ranging from political to financial, the Tatas had proved that working hard to realise our dreams takes precedence over dreaming big. "Most importantly, the Tatas have demonstrated the fundamental component of any commercial venture---a promise is a promise," he said. Ms Anku Sharma was declared winner and Mr Aakash Srivastava and Ms Deepa Bhatt were adjudged first and second runners-up in the event respectively.(UNI) |
Chevrolet Spark to enjoy major share in GM’s total sales CHANDIGARH, Jan 18: General Motors India today announced that its small car ‘Chevrolet Spark’ would command the largest pie in total sales, even as the company expects sales of all its vehicles to grow to 91,000 in 2008. "Out of the total sales, we feel that ‘Chevrolet Spark’ would enjoy major share in total car sales for this year as small cars continue to have largest share in passengers cars market in the country," General Motors India Director (Operations) S Garg told reporters here today. Expecting a 50 per cent growth in terms of sales from the Indian market, the company expects to sell 91,000 units of cars during this calendar year, against 60,032 cars sold last year. It has projected to sell 40,000 units of Chevrolet Spark during this year against 14,000 sold last year. With new production capacity being built up at a cost of Rs 1,300 crore, the company expects that it would enable the company to remove its capacity constraints. "The new facility at Talegaon in Maharashtra will have capacity manufacturing of 1.40 lakh cars per annum and we feel production will commence during the last quarter of this year," he said. Presently, it has another facility at Halol in Gujarat with capacity of 85,000 units per annum. (PTI) |
Fuel price hike will be minimal: Deora NEW DELHI, Jan 18: Petroleum Minister Murli Deora today said a hike in the retail prices of fuel will be minimal and the Empowered Group of Ministers (EGoM) will meet tomorrow or the day after tomorrow to take a decision. "We will ensure that the pricke hike is minimal so that the consumers do not complain and the oil marketing companies do not suffer heavy losses," Mr Deora had said. Mr Deora clarified that yesterday’s meeting could not reach any decision since certain ministers were not present. The EGoM, headed by External Affairs Minister Pranab Mukherjee, had to consider a proposal by the oil marketing companies who reportedly called for an increase of Rs 4 and Rs 2 a litre in petrol and diesel prices. Petroleum Secretary M S Srinivasan added that the hike in prices is most likely to be from next week. The three government-owned OMCs such as Indian Oil, Bharat Petroleum and Hindustan Petroleum are projected to lose Rs 69,753 crore on sale of petrol, diesel, LPG and PDS kerosene as the Government has not allowed them to raise prices in line with the price of imported crude. Petrol is being sold at a loss of Rs 8.74 a litre, diesel at Rs 9.92 per litre, kerosene Rs 20.53 a litre and LPG at a loss of Rs 256.35 per cylinder. The Indian basket of crude oil touched an all time high of 100 dollars a barrel on january 3, 2008 and the oil marketing companies are expected to close the fiscal with a total loss of Rs 69,753 crore. Retail prices of petrol in Delhi is at Rs 43.52 and diesel is at Rs 30.48.(UNI) |
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