Central probe agency likely to file third chargesheet in some weeks, may name Datacom, Loop Telecom.
Two districts where most of the cash and jewellery has been recovered are Madurai and Tiruchirapalli, both bastions of the rulng DMK.
Enthused with the experiment, the local women urged Mushran to start a small factory. She readily agreed, with the aim of providing employment to poor women and using fruit grown by local marginal farmers. That's how Bhuira Jams was born.
Till now ready-made garments and textile made-ups were under an optional excise duty regime and manufacturers were required to pay duty only if he wishes to avail of the Central value-added tax (Cenvat) credit.
Even as hackers attacked more than 5,500 websites in the first six months this year, security agencies are groping in the dark to find a way to tackle the problem.
The government has decided to use new generation non-lethal weapons to take on stone-throwing protestors in Jammu and Kashmir. Both central security forces and the state police have been asked to train their personnel in using pepper balls, chilli grenades, 20-feet high movable iron walls, electronic guns and water cannons.
For the first time, anti-Naxal forces are to be deployed in Assam and Uttar Pradesh. According to senior Union home ministry officials, 65 underground members of the CPI (Maoist) were arrested in UP between 2005 and August 15 this year.
Farmers may be grinning ear to ear as the rain god is smiling on Punjab and Haryana, but industries in these states are busy calculating their losses.
Industries in Punjab are facing an acute shortage of labourers, most of whom come from other states. In spite of revising the wages of labourers, be it unskilled, semi-skilled or highly skilled, they have found it difficult to solve the problem.
Most of the projects launched in last few months are working on construction linked payment plan, which could help them win confidence of buyers.
According to various manpower outsourcing firms, more and more companies are resorting to temporary staffing. Rakesh Joshi, regional manager -- operations, IKYA Staffing Solutions, said permanent staffing had seen a slow growth in the recessionary phase. He said companies were not only going for temporary staffing in the junior level recruitments, a few of them were also opting for temporary staffing in middle management.
Jones Lang LaSalle Meghraj regional director Manoj Kashyap feels the cash flow that is readily available with the senior citizens is one of the reasons why real estate companies are looking at this untapped market. According to Gurinder Bawa, business head, International Travel House Limited, availability of time and money with senior citizens is driving the interest of travel houses towards them.
Real estate majors, who had lined up projects in Punjab to woo non-resident Indians, have put on hold their plans indefinitely with most NRIs no longer keen to invest in these properties.
In the absence of buyers, projects have either slowed down or have been delayed. Punjab Colonisers and Builders Association finance secretary HS Lamba said people in Ludhiana are bottom fishing and awaiting further correction in prices. "Though prices of construction material like steel and cement have come down, builders are unable to reduce the price owing to the high land costs," Lamba said.
With profit margins of companies being hit, the firms are taking a host of measures including closing down the unprofitable stores. The stores promoted by REI Agro recently closed 30-odd discount stores that were running into losses.
Sabeer Bhatia, founder of hotmail, may give some concrete shape to his proposed Nano City project, to be set up near Panchkula in Haryana, on June 9, when he visits India to finalise equity structure with real-estate player Parsvnath Developers.
Big retail is fine tuning its strategy to win over critics and corporate social responsibility drives are providing it with the means.ITC and Reliance have already launched projects to recruit street hawkers, the main adversaries of big retail. And now Bharti Mittal has opened a retail innings of its chain, Easy Day, in Ludhiana with something similar.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
Haryana Urban Development Authority had to defer the auction of an eight-acre plot earmarked for a five-star hotel in the city centre as only one bidder turned up on the day of auction. The authorities told that a quorum of three bidders was a must for the auction to take place.
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