A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel
Despite the downturn, real estate players have increased their advertising budgets, even as other advertisers are cutting ad costs. The reasons for this are manifold."This is a result of desperate measures by most of the developers, and second, stakes are
Tokyo, July 31, 2008 - (JCN Newswire) - Mitsubishi Corporation (TSE: 8038, ADR: MSBHY) announced today its consolidated results, using accounting principles generally accepted in the United States, for the first quarter ended June 30, 2008. Consolidated operating transactions for
Top executives from BigFix, Inc., a leading provider of high-performance enterprise systems and security management solutions, say that Southeast Asia's growing integration with the global economy is driving a leapfrog move to next-generation IT infrastructure compliance, security and systems management
Central bank governor Riad Salameh said Thursday that it was imperative to preserve the national wealth amid rising inflation internationally. "The international wealth, which central banks are entrusted to protect, is now under threat due to return of high inflation,"
The Arab Investment & Export Credit Guarantee Corporation estimated that Arab investments in Lebanon reached $3.343 billion in 2007, up 47.5 percent from $2.267 billion in 2006, and an 87.8 percent rise from $1.780 billion in 2005. "Lebanon's share of
Sultan Center, a Kuwait-based company, announced that it has fully acquired Lebanon's Monoprix and Geant Casino supermarkets for $108 million. In a statement to the press on Thursday, Sultan Center said that the agreement between Michel Abchi, the chairman of
The Bharatiya Janata Party is set for a major revamp in the run-up to the polls and has decided to hold back announcement of the candidate list for Lok Sabha elections ''for a while''.
Steel minister Ram Vilas Paswan on Thursday called on private steel producers to maintain status quo on steel prices after a three-month freeze on prices of the product lapses in August.
On Thursday, bond yields eased from intraday peaks on expectations inflation would not surge above 12% this month, but sentiment remained cautious after a rebound in oil prices from 12-week lows.
The two-day meeting will bring together leaders of eight countries from a region that is increasingly looking at democracy as the answer to its many problems.
In the event of the Trai's recommendation on crossholding in TRP business getting a nod from the government, the largest rating agency in the country by market share, TAM Media Research Ltd, may have to look at restructuring its ownership
Omani companies such as Zubair Corporation, BEC and Al Hassan Engineering Company have evinced interest to form JV with the state-run NTPC for carrying out various projects in Oman's power sector.
Kerala-based Federal Bank has registered its first quarter net profit at Rs 68.15 crore, a 1.81% rise over the same period last year. The bank has shown a robust performance for the quarter lending June this year with operating profit
India's second largest telecom operator, Reliance Communications posted a net profit of Rs 1,512 crore for the first quarter, up 23.9% compared to Rs 1,220 crore in the quarter of FY08, but a mere 0.6% rise compared to Rs 1,502
Continuing the efforts to cobble up a third alternative, CPI(M) general secretary Prakash Karat met former prime minister HD Deve Gowda and RLD boss Ajit Singh and discussed about the campaigns to be launched soon by the Left, BSP, UNPA
Daiichi Sankyo, which had announced the acquisition of pharma major Ranbaxy in June this year, on Thursday, said it has deferred its open offer for an additional 20% stake in the Indian firm, following a delay in approval for the
The Tata Group said that they see "no prospect" in going ahead with their planned $3 billion investment in Bangladesh and have informed government of that country of the decision.
