Sources close to the development said RIL, which was planning two adjacent economic zones in the coastal district of Raigarh in Maharashtra, is looking to set up three special purpose vehicles (SPVs) to develop the various components of the project.

Plans over $1 bn equity sale to fund group buyouts.

The moves will reduce the administrative burden of the department, banks and taxpayers.

The company, owned by the UB Group, had been relying on internal group reserves and debt to manage its operations over the past two years and this infusion is expected to fuel its sustained growth.

US companies, hoping to save money during the recessionary phase, are likely to increase outsourcing of information technology services.

Telecommunications Minister Marwan Hamadeh said on Wednesday that the government still intends to sell two mobile licenses before the end of 2007. He added that a third mobile company will be launched once LibanTelecom is formed later this year. "Investments

Net Logistics opened the first warehouse at the Port of Beirut's new Logistics Free Zone on Wednesday, following the blueprint for success of Lebanese companies during the country's political and economic stagnation: Focus on regional markets and mostly ignore the

Prime Minister Fouad Siniora renewed on Wednesday Lebanon's commitment to implementing the economic reforms his government presented in January at the Paris III donor conference. Addressing a gathering of Arab finance ministers at the Phoenicia Intercontinental Hotel, Siniora said that

The premiers of China and Japan pledged closer co-operation, but a lack of detail on crucial disputes showed their rapprochement still has far to go.

North Korea will invite international nuclear inspectors to return to the country after receiving the frozen funds that have vexed disarmament talks, a US state governor said.

Turani Aliyev, the Head of the Executive Power of Khanlar Region of Azerbaijan, has said that on 11 April that the construction work of two first many-storied buildings has begun in Khanlar. According to Mr. Aliyev, each 7-storeyed building will

Having exhausted its powers to block a World Trade Organization probe into high import duties on wine and spirits, India is likely to slash the rates through a new law to resolve the issue with the European Union and the

The revised rates will come into effect from April 16.

Bullish on the ever expanding luxury car market in India, German sports car major Porsche is looking at a three-fold increase in sales within the next three years.

Nissan, which has entered into a tripartite joint venture with Renault and Mahindra and Mahindra for setting up a plant in Chennai, is almost certain to have 25 per cent stake in the venture, while it plans to launch premium

Startling revelations were made by a Calcutta based daily 'The Telegraph' regarding the Central Government "soft posture" with respect to tackling emerging internal security challenge of Maoism in India.

Petroleum Minister Murli Deora appealed on to petrol pump operators on Wednesday to call off their proposed two-day strike from April 13 saying their main demand of raising commission on sale of petrol and diesel will be considered.

Apparently rejecting criticism that Reserve Bank of India's frequent rate hikes may stunt growth, Finance Minister P Chidambaram said on Wednesday world over central banks were taking such measures to contain inflation.

Jayram Ramesh, the Indian State Minister for Commerce, during his official visit to Baku, said today that India has expressed a readiness to double the quota for Azerbaijan on training participation. Today, the annual quota for Azerbaijan is twenty-five seats,

Azerbaijan ranks fourth among countries which actively trade with Georgia. The trade turnover between Azerbaijan and Georgia over January-February 2007 amounted to $59.9mln, an increase of 7.5% from the same time last year, TrendCapital Special Correspondent reports, quoting the National