Bangalore-based hospitality firm Phoenix Group Global has announced that the company has set aside Rs 450 crore to set up its branded luxury hotels and resorts and expand its floriculture business in India.
The group, which runs three hotels across the country, now proposes to come up with its own hotels and resorts, under the Zuri brand.
To expand its floriculture business in India, the company envisages pumping Rs 150 crore.
Real estate major Brigade Enterprises, has informed that the company has opened its first worldwide office in Dubai.
The source close to the company revealed that the office is located at Atrium Centre, Bank Street, Bur Dubai.
While commenting on the occasion, Mr. M R Jaishankar, CMD, Brigade Enterprises stated, “Indian real estate sector has seen phenomenal growth and there are Indians abroad who are looking at buying property in India for themselves and also as an investment option. As a first step to reach out to these customers, we have opened our office in Dubai.”
Elecon Engineering Company, a leading manufacturer of mechanical handling equipment has made announcement that the company has been awarded Rs 177.50 million order by Chennai based Techpro Systems.
As per the contract, the company (Elecon Engineering) will design, engineer, manufacture, test, supply, fraction and commission of material handling equipments and other equipments for Techpro Systems.
On the other hand, Techpro Systems will provide one each of unidirectional stacker cum reclaimer and slewing boom stacker.
B K Modi Group owned, Spice Televentures launched a new business venture, Mobisoc Technology Pvt Ltd. It would deliver internet enabled valued added services to the mobile users. The company would open IPO for listing the company after the recovery of normal market conditions.
The chairman of Spice Televentures, Mr Dilip Modi said that people prefer GPRS-enabled mobile phones and the new venture would offer assistance in value added services at economical rates. The company has set a target to capture 10 per cent market share by December 2009. It would also start a BPO operation by hiring 15000 people by the end of financial year.
Leading commercial plane makers, Boeing Co. said that it would go for production of commercial planes as per its earlier plans. France-based Airbus, on the other hand, decided to stop the production for some time. However, no company got a new order for plane purchase in the first two days of the ongoing Hyderabad air show.
To strengthen its footprint in the Indian market, telecom gear manufacturer Nokia Siemens Networks has made announcement about the opening of its new Indian facility at Oragadam near Chennai, to make and distribute mobile communications equipment.
The company said that it will invest $70 million over the next 3 years in the facility and to generate 400 new jobs.
Bangalore-based hospitality firm Phoenix Group Global has announced that the company has set aside Rs 450 crore to set up its branded luxury hotels and resorts and expand its floriculture business in India. 
Real estate major Brigade Enterprises, has informed that the company has opened its first worldwide office in Dubai.
Elecon Engineering Company, a leading manufacturer of mechanical handling equipment has made announcement that the company has been awarded Rs 177.50 million order by Chennai based Techpro Systems. 
To strengthen its footprint in the Indian market, telecom gear manufacturer Nokia Siemens Networks has made announcement about the opening of its new Indian facility at Oragadam near Chennai, to make and distribute mobile communications equipment.
