Following a year after a slump in prices of metals used in construction, State-owned Gujarat State Petroleum Corp. (GSPC) has raised the capacity of its planned liquefied natural gas (LNG) terminal by 30% to 6.5 million tonnes (mt).
The GSPC is aiming to get the plant ready by 2013 at a cost of Rs3,000-3,500 crore. This has become possible as there had been sharp falls in prices of metals such as steel and nickel.
As per the international reports, following a sponsorship deal signed with the Indian automobile giant, the Tata brand name will figure on Formula 1, the world’s most-famed motorsport, which is being considered an ambitious global branding move.
President Luca di Montezemolo reported, “For the first time an Indian brand will appear on the Ferrari. It’s historic.” Although the details and duration are being worked out, a Ferrari spokesperson confirmed the deal.
The Infrastructure development company IVRCL Infrastructures and Projects has bagged orders worth a whopping Rs746.26 crore from different agencies for construction related projects.
The realty firm will undertake a turnkey housing project for AP Cine Workers Co-operative Housing Society at Hyderabad for Rs 550.28 crore. Hyderabad-based firm got an order worth Rs114.35 crore from City and Industrial Development Corporation of Maharashtra (CIDCO) for construction of an exhibition centre in Navi Mumbai.
In addition to the above, it has received another order worth Rs70.62 crore from Government of Pondicherry for creating new habitation in the Union Territory (UT) for Tsunami affected people.
Hyderabad headquartered IVRCL Infrastructures & Projects has revealed that the buildings and industrial structures (B & IS) division of the company has secured Rs 7.46 billion orders from various customers.
According to sources, the infrastructure company has bagged an order worth Rs 5.50 billion on turnkey basis from A.P. Cine Workers Cooperative Housing Society, Hyderabad for carrying out proposed group housing project.
(MBEL), the wholly owned arm of Moser Baer has announced that it has clinched a strategic alliance with UTV Motion Pictures for the exclusive home video distribution of UTV movies.
According to sources, the pact will give MBEL domestic rights to UTV`s home video catalogue which comprises of 10 films. Moser Baer Entertainment will also get home video rights to all UTV productions released until mid 2009.
Due to slump in passenger car sales, Toyota Kirloskar Motor has revealed that it is searching the options to trim down its production by 30 percent in the month of December.
According to sources, Toyota has a facility to generate over 5,000 units a month at its plant situated near Bangalore.
In a move to boost demand and tame worldwide crisis, government of the country on December 7, cut down Central VAT (Cenvat) by 4%.
Following a year after a slump in prices of metals used in construction, State-owned Gujarat State Petroleum Corp. (GSPC) has raised the capacity of its planned liquefied natural gas (LNG) terminal by 30% to 6.5 million tonnes (mt). 
As per the international reports, following a sponsorship deal signed with the Indian automobile giant, the Tata brand name will figure on Formula 1, the world’s most-famed motorsport, which is being considered an ambitious global branding move. 
Hyderabad headquartered IVRCL Infrastructures & Projects has revealed that the buildings and industrial structures (B & IS) division of the company has secured Rs 7.46 billion orders from various customers.
(MBEL), the wholly owned arm of Moser Baer has announced that it has clinched a strategic alliance with UTV Motion Pictures for the exclusive home video distribution of UTV movies. 
Due to slump in passenger car sales, Toyota Kirloskar Motor has revealed that it is searching the options to trim down its production by 30 percent in the month of December.
