Parsvnath Hotels Ltd. a subsidiary of Parsvnath Developers Limited (PDL), India's leading real estate and Infrastructure Company, has received 5 star category project approval from Ministry of Tourism, Government of India for its hotel project, situated at Hyderabad.

The project spread over an area of approximately 11063.68 sq. meters area would offer a judicious blend of Shopping Mall, Office Complexes and a Five Star category Hotel.

Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.

Under the arrangement, the company will sell all the carbon credits it generates during July 12, 2007 to July 15, 2011.

Last month, Rain Commodities Ltd, producers of calcined petroleum coke and cement has notified that Rain CII Carbon has implemented `Oxygen Lancing' at its Indian calcinations plant.

Country’s premier software industry, Sun Microsystems is all set to organize its global annual developer conference at the Hyderabad International Convention Centre (HICC), Hyderabad February 18-20 for the third time in a row.

Apart from Hyderabad, the conference would also have its supporting sessions in Pune and Chennai.

In its press release, the company said that the three day event is fundamentally designed to display how developers can leverage Sun technologies, services and products to drive the next generation of technology innovation.

Hyderabad, Feb. 5 : A S Murthy was appointed as the new CEO of the Satyam Computer Services on Thursday after the besieged board of the IT company upgraded his profile from the global business head.

Partho S Dutta and Homi Khusrokhan became Special Advisors of Satyam.

More arrests were being speculated during the day in 7,800 crore rupees fraud involving the IT giant.

CID officials probing the case have indicated more arrests in a fortnight.

Hyderabad, Feb 4 : The Andhra Pradesh police is expected to arrest more people in connection with the Rs. 7, 800 crore Satyam Computers fraud case.

"We are constantly scrutinising the seized documents and trying to retrieve data from hard-disks and laptops recovered during the raids in residences and offices of Satyam officials including its former chairman B Ramalinga Raju," a senior Central Bureau of Investigation (CID) official investigating the Satyam fraud said on Thursday.

The Central Bureau of Investigation has loaded 25 trunks with seized documents that are being looked into by financial experts.

Hyderabad/Panaji, Feb 2 : The budget sessions of the Andhra Pradesh and Goa Assemblies are to be held from today.

The Andhra Pradesh Assembly will kick start its ten-day session with Governor N. D Tiwari''s address to a joint sitting of members of Legislative Assembly and Legislative Council.

Andhra Pradesh Finance Minister K. Rosaiah will present a vote on account on February 5 to support the government''s moves to draw necessary funds till the completion of assembly elections.