The Ras Al Khaimah government of UAE is planning to invest $1 billion over the development of township and infrastructure projects in India in two years. Ras Al Khaimah, which is one of the seven emirates that form the United Abrab Emirates is particularly looking at south including tier II cities like Coimbatore for township projects.
The government is also looking at establishing an air connectivity between Ral Al Khaimah and India. The Ras Al Khaimah investment authority is planning to file application with the union civil ministry next month for operating the RaK Air airline to India.
Currently Ras AL Khaimah investment authority operates two ceramic plants-Rak Ceramic near Kakinada in Andhra Pradesh. It also has 12 ceramic showrooms across India and plans to add 50 more showrooms with an investment of $25 million.
Speaking on the sidelines of CII partnership summit in Bangalore Sheikh Sud Bin Saqr Al Qasimi the crown prince and deputy ruler of Ras Al Khaimah said, "We want to partner with India in various economic development opportunities and we are also opening gateways for investment in Ras Al Khaimah." Three hospitality majors in India have also shown interest for developing hotels in the Ras Al Khaimah region.
Source: Economic Times
Thursday, January 18, 2007
Wednesday, January 17, 2007
Mata Amritanandamayi to visit Coimbatore
Satguru Sri Mata Amritanandamayi Devi (Amma) would be visiting Coimbatore from January 21 to 23 to attend the Brahmasthanam Temple Mahotsavam at Nallampalayam.
During the visit, spiritual programmes, including “satsangs,” “bhajans,” guided meditation and “darshan” at 10 am and at 6 pm would be held on all days. Dawn-to-dusk “Lalitha Sahashranamarchana” would also be conducted.
Special pujas to remove the negative planetary influences of “Rahu” and “Shani” would be organised.
The “Rahu Dosha Nivarana Puja” and the “Shani Dosha Nivarana Puja” would be held at 7.30 am and 6.30 pm respectively on Tuesday.
For further details and registration for the pujas and archana, contact Mata Amritanandamayi Math, Ramaswamy Nagar II, Nallampalayam Road, Ganapathy (near Kavundampalayam bus stand), Coimbatore- 641006 or call at 0422-2538325, 2535258.
Tuesday, January 16, 2007
IT professionals should become entrepreneurs
Information Technology professionals should inculcate entrepreneurial skills to make entrepreneurship a mass movement, said R. Jayaraman, Director, Centre for Entrepreneurship and Development, Madurai Kamaraj University, Madurai, recently.
Inaugurating a national seminar on `Network and Information Security' at the G.R. Govindarajulu School of Applied Computer Technology, PSGR Krishnammal College for Women, Coimbatore he spoke on entrepreneurship in IT.
"Think globally, act locally should be the watchword in today's context. Taking initiative is the first step in entrepreneurship. Seek and act on an opportunity. Any IT professional who converts his client's problems into an opportunity is a true entrepreneur," said Prof. Jayaraman.
"Learn to bring about innovations. Risk taking should not be looked upon with fear. It should not be measured only in terms of losing money, but also in terms of losing reputation," he added.
Source: The Hindu
Inaugurating a national seminar on `Network and Information Security' at the G.R. Govindarajulu School of Applied Computer Technology, PSGR Krishnammal College for Women, Coimbatore he spoke on entrepreneurship in IT.
"Think globally, act locally should be the watchword in today's context. Taking initiative is the first step in entrepreneurship. Seek and act on an opportunity. Any IT professional who converts his client's problems into an opportunity is a true entrepreneur," said Prof. Jayaraman.
"Learn to bring about innovations. Risk taking should not be looked upon with fear. It should not be measured only in terms of losing money, but also in terms of losing reputation," he added.
Source: The Hindu
Monday, January 15, 2007
New Buses for ooty !!!
State Khadi Minister K Ramachandran flagged-off five new government transport buses at a function held at Ooty bus stand. Speaking on the occasion, Ramachandran said another 47 buses would be introduced by March, to replace old buses which had served over 10 years. The process would continue until all the old buses are replaced, he said.
The Minister said for Pongal festival the government would distribute around 1.98 lakh free dhotis and sarees in Niligiri district. In co-operative department, 48 workers who were on temporary service for 5 to 25 years would now be regularised by present government, he said.
Presiding over the function District Collector S K Misra said the long felt need of the people is now getting full-filled by new buses. The government has allotted Rs 20 crore for maintenance of local roads and National Highways has given Rs 48 crores to relay the damaged roads, he said. Managing director of Coimbatore divisional transport Jaganathan and MLAs Gopal and Saundra Pandian were among those participated.
Source: News Today
The Minister said for Pongal festival the government would distribute around 1.98 lakh free dhotis and sarees in Niligiri district. In co-operative department, 48 workers who were on temporary service for 5 to 25 years would now be regularised by present government, he said.
Presiding over the function District Collector S K Misra said the long felt need of the people is now getting full-filled by new buses. The government has allotted Rs 20 crore for maintenance of local roads and National Highways has given Rs 48 crores to relay the damaged roads, he said. Managing director of Coimbatore divisional transport Jaganathan and MLAs Gopal and Saundra Pandian were among those participated.
Source: News Today
Annual convocation of Bharathiar University on 22nd
The 22nd annual convocation of Bharathiar University would be held here on January 22.
Tamil Nadu Governor Surjit Singh Barnala, in his capacity as Chancellor of the university, would chair the function.
M Karpaga Vinayagam, Chief Justice of Jharkhand High Court, would deliver the convocation address.
Education Minister K Ponmudi, who is also the Pro-Chancellor, would announce various schemes and endowments during the convocation, university sources said.
Tamil Nadu Governor Surjit Singh Barnala, in his capacity as Chancellor of the university, would chair the function.
M Karpaga Vinayagam, Chief Justice of Jharkhand High Court, would deliver the convocation address.
Education Minister K Ponmudi, who is also the Pro-Chancellor, would announce various schemes and endowments during the convocation, university sources said.
Friday, January 12, 2007
ABT X increases Omni Bus Services
ABT X Travels will launch Bangalore-Chennai and Chennai-Bangalore omni luxury bus service in the second week of January.
According to a release, the company started operations in the Coimbatore-Chennai and Chennai-Coimbatore sectors last November. It also launched Bangalore-Coimbatore, Bangalore-Pollachi, Pollachi-Bangalore and Coimbatore-Bangalore services recently.
It planned to offer special packages to pilgrim centres across the country and also ply 25 buses connecting all major cities by the end of March 2007. It would invest about Rs. 11 crores for this purpose.
The company had introduced e-ticketing and travellers can book their tickets through the website: www.abtxtravels.com
Source: The Hindu
According to a release, the company started operations in the Coimbatore-Chennai and Chennai-Coimbatore sectors last November. It also launched Bangalore-Coimbatore, Bangalore-Pollachi, Pollachi-Bangalore and Coimbatore-Bangalore services recently.
It planned to offer special packages to pilgrim centres across the country and also ply 25 buses connecting all major cities by the end of March 2007. It would invest about Rs. 11 crores for this purpose.
The company had introduced e-ticketing and travellers can book their tickets through the website: www.abtxtravels.com
Source: The Hindu
LG Balakrishnan plans Asia, S. America plants
Auto parts maker LG Balakrishnan & Bros. Ltd. plans to invest $12 million (535 million rupees) to set up three plants overseas by March 2010, a top official said on Friday.
Each plant would initially have sales exceeding 700 million rupees a year, Managing Director B. Vijayakumar told Reuters over telephone from Coimbatore.
The first of the three units -- in Indonesia -- was expected to begin production by March 2008, he said. Units would be set up in China and South America in 2008/09 and 2009/10 respectively, Vijayakumar said.
Source: NDTV
Each plant would initially have sales exceeding 700 million rupees a year, Managing Director B. Vijayakumar told Reuters over telephone from Coimbatore.
The first of the three units -- in Indonesia -- was expected to begin production by March 2008, he said. Units would be set up in China and South America in 2008/09 and 2009/10 respectively, Vijayakumar said.
Source: NDTV
Retail chain Odyssey plans expansion
Chennai-based retail chain Odyssey, which sells products such as books, toys and multimedia, has chalked out a Rs 125 crore nation-wide expansion plan.
This was unveiled at the opening of the firm’s first store in Bangalore today.
“Odyssey is a well-known brand in south India. We intend to have a pan-India presence this year by increasing the number of stores,” said Odyssey India Managing Director T S Ashwin.
Odyssey has 14 stores in six cities — Chennai, Hyderabad, Salem, Coimbatore, Trichy and Varanasi — occupying a retail space of 75,000 square feet.
By the end of the current financial year, the company plans to increase the number of stores to 20, with more stores coming up in Noida (Uttar Pradesh) and Kozhikode (Kerala).
Ashwin said the firm was targeting a total retail space of 5.5 lakh square feet by 2008-09. “We are moving into new cities, IT parks and malls. Fifteen stores will be commissioned in the next financial year. In 2008-09, another five stores will be opened,” he added.
The new stores will come up in Bangalore (6 ), Mumbai (3 ), Pune (3 ), Ahmedabad, Gurgaon, Nagpur, Thane, Hyderabad, Kochi, Chandigarh, Amritsar, Ludhiana, Mohali, Rajkot, Surat, Mangalore, Thiruvananthapuram, Visakhapatnam and Mysore (1 each).
It will also expand in existing markets like Chennai, Hyderabad and Coimbatore.
According to company executives, demand for specialised products sold through Odyssey is propelling the growth of the firm. Apart from books and toys, cards, music, stationery, educational CD-ROMS, playstations and gifting are also available at Odyssey stores.
Books contribute around 30-35 per cent of the firm’s total turnover. The stores stock a wide range of books on subjects ranging from popular fiction, non-fiction, computing, self-help, health, management, travel and coffee table books.
While the average number of titles in a Odyssey store is 30,000, some of the large format stores have up to 80,000 titles.
Odyssey, which started off in 1995 as a book store in Chennai, was acquired by Deccan Chronicle Holdings in September 2005 for Rs 61.2 crore. The retail chain’s revenue is expected to touch Rs 110 crore this financial year.
Source: Business STandard
This was unveiled at the opening of the firm’s first store in Bangalore today.
“Odyssey is a well-known brand in south India. We intend to have a pan-India presence this year by increasing the number of stores,” said Odyssey India Managing Director T S Ashwin.
Odyssey has 14 stores in six cities — Chennai, Hyderabad, Salem, Coimbatore, Trichy and Varanasi — occupying a retail space of 75,000 square feet.
By the end of the current financial year, the company plans to increase the number of stores to 20, with more stores coming up in Noida (Uttar Pradesh) and Kozhikode (Kerala).
Ashwin said the firm was targeting a total retail space of 5.5 lakh square feet by 2008-09. “We are moving into new cities, IT parks and malls. Fifteen stores will be commissioned in the next financial year. In 2008-09, another five stores will be opened,” he added.
The new stores will come up in Bangalore (6 ), Mumbai (3 ), Pune (3 ), Ahmedabad, Gurgaon, Nagpur, Thane, Hyderabad, Kochi, Chandigarh, Amritsar, Ludhiana, Mohali, Rajkot, Surat, Mangalore, Thiruvananthapuram, Visakhapatnam and Mysore (1 each).
It will also expand in existing markets like Chennai, Hyderabad and Coimbatore.
According to company executives, demand for specialised products sold through Odyssey is propelling the growth of the firm. Apart from books and toys, cards, music, stationery, educational CD-ROMS, playstations and gifting are also available at Odyssey stores.
Books contribute around 30-35 per cent of the firm’s total turnover. The stores stock a wide range of books on subjects ranging from popular fiction, non-fiction, computing, self-help, health, management, travel and coffee table books.
While the average number of titles in a Odyssey store is 30,000, some of the large format stores have up to 80,000 titles.
Odyssey, which started off in 1995 as a book store in Chennai, was acquired by Deccan Chronicle Holdings in September 2005 for Rs 61.2 crore. The retail chain’s revenue is expected to touch Rs 110 crore this financial year.
Source: Business STandard
Airlines from Singapore can operate to Coimbatore
India and Singapore have agreed to increase the number of seats being offered by their designated airlines in a phased manner till winter 2009.
The designated airlines of Singapore will now be allowed to operate regular flights to Coimbatore, there by increasing its footprint here. This was firmed up at the conclusion of bilateral air services agreement between India and Singapore here late on Tuesday night.
The agreement not only permits airlines from Singapore to increase the current number of flights that they operate to some cities here but also allows similar freedom to airlines from India.
In August 2005, when the last round of air services between India and Singapore were successfully exchanged airlines from Singapore were allowed to increase frequency to Bangalore, Hyderabad and Kolkata.
At present, Singapore Airlines and its subsidiary Silk Air operate regular flights to Delhi, Mumbai, Hyderabad, Kolkata, Chennai and Ahmedabad Kochi among others.
Air India, Air India Express, Indian, Air Sahara and Jet Airways operate regular flights from various points within the country to Singapore, while Singapore Airlines operates regular flights to India.
Source: Moneycontrol.com
The designated airlines of Singapore will now be allowed to operate regular flights to Coimbatore, there by increasing its footprint here. This was firmed up at the conclusion of bilateral air services agreement between India and Singapore here late on Tuesday night.
The agreement not only permits airlines from Singapore to increase the current number of flights that they operate to some cities here but also allows similar freedom to airlines from India.
In August 2005, when the last round of air services between India and Singapore were successfully exchanged airlines from Singapore were allowed to increase frequency to Bangalore, Hyderabad and Kolkata.
At present, Singapore Airlines and its subsidiary Silk Air operate regular flights to Delhi, Mumbai, Hyderabad, Kolkata, Chennai and Ahmedabad Kochi among others.
Air India, Air India Express, Indian, Air Sahara and Jet Airways operate regular flights from various points within the country to Singapore, while Singapore Airlines operates regular flights to India.
Source: Moneycontrol.com
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