As Iran's economy is buffeted by inflation, the country's homeowners are fast becoming richer in a real-estate bubble that is driving affordable housing beyond the reach of ordinary citizens. A luxury 1,400-square-meter penthouse sold recently for $21 million at $15,000
US sanctions on Damascus have crippled the development of the national carrier Syrian Arab Airlines (SSA), Transport Minister Yaarob Badr said on Tuesday. Syria can not place orders for new planes "because of the US sanctions" which Washington imposed in
Spain's King Juan Carlos on Tuesday called on businessmen in the oil-rich Gulf Arab state of Kuwait to take advantage of investing in his country as a gateway to Europe. Spain can become a "gate for Kuwait to Europe," he
Indian business titan Ratan Tata, already named among the world's most influential business people from India, has now made to a list of 30 most powerful in the British construction space with a ranking higher than even the UK's Minister
India's crude oil import bill has jumped over 40 per cent to $68 billion in 2007-08 on relentless rise in international prices. The nation imported 121.672 million tons of crude oil for $67.988 billion in 2007-08 as opposed to 111.502
India had a share of 13.14 per cent of the total imports from the emirate worth AED 12.6 billion (1 AED = $.272) while 45.7 per cent of the total exports worth AED 4.7 billion during the period. It also
This article is to remind the government, the agriculture, revenue and panchayat departments, the block development officers (BDOs), the village panchayats and the gramsabhas about their statutory role clearly laid down since June 1975 and responsibilities regarding the agricultural land
Mr. Mittal, Britain's richest man, is understood to be in negotiations to buy the property in Kensington Palace Gardens, one of the most prestigious addresses in London.When the deal goes through, the house will be the magnate's second property in
The private equity (PE) graph in India's real estate sector is growing as high as its skyscrapers. The first five months of 2008 has PE commitments in Indian real estate companies surpassing the total PE investments committed in the whole
GVK Biosciences, a contract research organisation delivering integrated research services to life sciences globally, announced that it has entered into a research agreement with Wyeth Pharmaceuticals, a division of Wyeth, to discover drug candidates focused on a pre-defined discovery targets.
Amara Raja Batteries Ltd has forayed into the two-wheeler segment with the launch of `Pro Bike Rider' batteries on Monday. The company is looking at a market share of 20% in the next three to five years, said Jayadev Galla,
In a new initiative that may revolutionize the health care system, Bartronics America Inc, a wholly owned subsidiary of Bartronics India Limited, has successfully implemented its patent winning RFID-based wrist band for automating patient medication process.
Kerala Water Authority has formed a water engineering consultancy division to make the most of the revenue inflows opportunity in countrywide water supply projects under JNURM and the Urban Infrastructure Development Scheme for Small and Medium Towns.
Banks denied him funding, the red-tapism and bureaucracy was also of no help. That did not discourage Akshay Vir Singh Tyagi from venturing into Jatropha cultivation seeing the huge potential for biofuels in the coming years. He has already promoted
Blackberry vendor Research-In- Motion (RIM) on Monday said it cannot hand over the message encryption key to the government as its security structure does not allow any 'third party' or even the company to read the information transferred over its
Unabated selling in the banking, metal and capital goods stocks saw the index tumble to a low of 16,300 - down 349 points from its previous close. The Sensex finally ended with a loss of 301 points at 16,348. The
Chief minister Buddhadeb Bhattacharjee on Monday assured investors that the results of the panchayat elections would not have any impact on the future of industrialisation in West Bengal.
Chief Minister Buddhadeb Bhattacharjee will press Prime Minister Manmohan Singh again to amend the Land Acquisition Act of 1894 to allow for a better compensation package for those whose land is acquired.
The Jharkhand State Electricity Board, which is facing financial crisis, has decided to distribute power to various areas of the state on a selective basis--more power for places where revenue generation is satisfactory and less for areas where recovery is
