Sunday, May 22, 2011

Starwood will have 100 hotels in India by '15

Starwood will have 100 hotels in India by '15


Starwood will have 100 hotels in India by '15

Posted: 22 May 2011 06:56 PM PDT

Starwood Hotels and Resorts Worldwide, which owns brands like Sheraton, Westin, Le Meridien, W Hotels and Luxury Collection, signs up on average a property a week. Last year, it beat its record by signing up 72.


Prove auditor's independence: SEC to Wipro

Posted: 22 May 2011 06:53 PM PDT

US market regulator SEC has asked IT major Wipro to prove independence of its auditor KPMG India, failing which the company may have to appoint new auditors or get its business books audited again.


Govt guarantee to aid AI debt recast

Posted: 22 May 2011 06:47 PM PDT

The government is likely to provide a guarantee or a comfort letter to National Aviation Company of India (Nacil) that will help the beleaguered public sector airline access funds at 10-10 .5% interest under a debt restructuring programme that is under negotiation.


Tata International to buy 51% in Euro shoe co

Posted: 22 May 2011 06:32 PM PDT

Noel Tata is clinching his first overseas acquisition for the $72-billion conglomerate, Tata Group.


French finance minister Lagarde leads IMF race, competition from Mexico

Posted: 22 May 2011 04:29 PM PDT

French finance minister Christine Lagarde's candidacy for IMF chief gained momentum in Europe on Sunday while Mexico put forward its own candidate, ensuring competition for the top job.


Now, a commodity to clear air

Posted: 22 May 2011 11:26 AM PDT

The industry is well-versed with commodities like steel, copper, gold, sugar, wheat, oil, etcamong a host of others.

JLR records 1.1 bn pound profit in FY'11: Report

Posted: 22 May 2011 09:02 AM PDT

Tatas-owned Jaguar Land Rover will this week unveil record annual profits exceeding 1 billion pounds, completing the luxury car maker's remarkable recovery from the depths of recession, media reported on Sunday.


Bajaj Auto Limited to launch four-wheeler by 2012

Posted: 22 May 2011 08:33 AM PDT

Rajiv Bajaj, managing director of Bajaj Auto Limited said that the company with their business partner French automaker Renault and Japanese carmaker Nissan Motors will launch their ultra low-cost passenger vehicle in the market by the middle of the next year.


Govt pegs GDP growth during UPA rule at 8.5%

Posted: 22 May 2011 07:46 AM PDT

Pegging the country's average economic growth rate at 8.5 per cent during the UPA rule so far, the government on Sunday said it was determined to take India to the select league of "middle income countries".


Inflation remains a major concern: PM

Posted: 22 May 2011 07:44 AM PDT

Bullish on an economic growth rate of 8.5 per cent in the past seven years of its rule, the UPA government on Sunday said high prices still remain a major concern.


2G case: HC to decide bail plea of corporate honchos on Monday

Posted: 22 May 2011 12:00 AM PDT

The Delhi High Court is likely to pronounce on Monday its order on the bail plea of five corporate honchos, including Unitech promoter Sanjay Chandra and Reliance ADAG MD Gautam Doshi, in the 2G spectrum allocation scam.


Mitra's successor in Ficci to be announced tomorrow

Posted: 21 May 2011 11:55 PM PDT

Ficci will announce its new secretary general on Monday, the industry body's top post vacated by Amit Mitra who has become the finance minister of West Bengal.


'Antilla', Mukesh Ambani's house, shows lack of empathy for poor: Ratan Tata

Posted: 21 May 2011 11:10 PM PDT

Tata Group chairman Ratan Tata has described Reliance Industries chief Mukesh Ambani's 27-storey Mumbai home, Antilla , as an example of rich Indians' lack of empathy for the poor.

'Antilla', Mukesh Ambani's house, shows lack of empathy for poor: Ratan Tata

Posted: 21 May 2011 11:10 PM PDT

Tata Group chairman Ratan Tata has described Reliance Industries chief Mukesh Ambani's 27-storey Mumbai home, Antilla , as an example of rich Indians' lack of empathy for the poor.

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