Tata Housing to develop two new luxury projects in Maldives
The Dollar Business Bureau Real estate firm Tata Housing Development Company (THDC) announced its expansion plan in the real estate market of Maldives with the launch of two projects in luxury housing in the island nation’s capital city - Male. THDC, which is the real estate subsidiary of Tata Sons, has started two luxury property developments at Nadhee and Odeon. “Apex Realty Pvt Ltd, a joint venture between SG 18 Realty Pvt Ltd and THDC, will develop the projects,” the Mumbai-based company said in a statement. THDC, which forayed into the Maldives market around 5 years back, has already finished a social housing scheme in the island nation in association with the government of Maldives. The first project will be the Luxa One at ...
Sanjeev Gupta takes charge of Tata's Scottish plants
Source: PTI Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta on Friday formally took charge of Tata Steel's loss making plants in Scotland. Gupta, who has also expressed an interest in acquiring Tata's embattled Welsh unit of Port Talbot, hailed the "fresh chapter" in efforts to begin work on the re-opening and recovery of the two mothballed steel plate operations at Dalzell and Clydebridge in Lanarkshire, negotiations for which began last November. "Despite the current anxieties surrounding steel, I believe the sector has a future in the UK and, more particularly, a future here in Scotland. Like in Wales and the West Midlands, where our business model is already at work, steel is very much part of the fabric of Scottish ...
Further boost to defence manufacturing, DIPP clears defence licenses worth Rs 613 cr
Source: PIB, Government of India The Department of Industrial Policy & Promotion (DIPP) has been in the vanguard for undertaking major reforms to promote defence manufacturing under 'Make in India' initiative. Continuing with the momentum created, it has so far issued 73 industrial licenses in defence sector during last one year (since June 2014), against 50 licenses granted during 2011 to May 2014. These include 16 proposals with proposed investment of Rs. 613 crores, cleared in recent Licensing Committee meeting chaired by Secretary, DIPP, held on June 10, 2015. The proposals cleared in last Licensing Committee meeting included applications from major players like Pipavav, Tatas, Samtel Thales, Solar Industries, Titagarh, Wagons, Premier Explosives etc. Many of these proposals were pending ...
