Include Spinning Plant, Beer-Making Unit, IT Park, Multiplexes And Hotels SEVERAL new mega projects proposals have been submitted to the Punjab government for approval which include spinning units, a beer manufacturing unit, a knowledge-based IT park, multiplexes and hotels. Barring the bee ...

LUDHIANA-BASED Malhotra Land And Colonizers Private Ltd on Monday got the Centre’s approval to set up an auto-engineering special economic zone, taking the number of SEZs in Punjab to 12. The company plans to invest close to Rs 213 crore on 300 acres in Ludhiana for the project. It is expected ...

Chhatwal plans 2 hotels: A seven-star in Mohali and a heritage hotel in Amritsar. Sant Singh Chhatwal, one of the leading hotelier of the USA, here today said he was ready to spend Rs 1,500 crore to Rs 2,000 crore in hotel industry in Punjab provided he was not made to wait along the corridors of bu ...

THE Punjab cabinet on Wednesday formally approved the setting up of an international airport at Mohali. A spokesman of the Punjab government said the cabinet, which met under the chairmanship of Punjab chief minister Parkash Singh Badal, also approved the memorandum of understanding (MoU) to be sign ...

Prominent NRI Visitors of Punjab: Ms. Neena Gill, MP Ujjal Dosanjh (former Premier, British Columbia), Dr. Ruby Dhalla (MP), Sr. Gurbax Singh Malhi, Gurmant Grewal Ex M.P., Ms. Narinder Kaur(Nina)Grewal, Lord. Diljit Singh Rana, Sh. Vijay Sharma, Ms. Usha Prashar, CIIr. Darshan Singh Grewal, Mr. Am ...

THE government has raised the minimum export price of rice to $500 per tonne to discourage exports and make more foodgrain available in the domestic market. The commerce ministry agreed to the proposal sent by the food ministry advocating the hike, an official source said. The director general of fo ...

SEBI chairman M Damodaran has ruled out flexibility for public sector companies in complying with Clause 49 of the listing agreement that deals with the appointment of independent directors. Government-owned companies should be on the same footing as private players when it comes to corporate govern ...

Sangrur: The state government is all set to revive industrial activity in the state in a big way. Every possible help would be provided to industry, and to start with, the industrial focal points across Punjab would be revived at a cost of Rs 40 crore. Established more than two decades ago, these fo ...

PUNJAB is among the few states in the country which a high duty on electricity at the rate of 10% while most other states have duty on specific basis. Punjab too had electricity duty on specific basis for decades at 11 paise a unit. However, in 2003, the then state government changed it to ad valore ...

The fate of exporters battling rupee appreciation has now slipped away from the hands of the finance ministry and the commerce department. The final shape of the proposed package for exporters would now be decided by Prime Minister’s economic advisory council chairman C Rangarajan. The PMO has asked ...

THE New Year has started on an encouraging note for the export sector with 26.82% growth in November 2007 to $12.43 billion compared to $9.8 billion in the same month of the previous year. The figure was, however, lower than the $13.30 billion worth of exports during October 2007 when exports, thank ...

Mumbai: The Godrej group, which is one of the beneficiaries of the Urban Land Ceiling (Regulation) Act (Ulcra) being repealed, is looking at developing real estate at some of its factories in India. The group has some 100 factories across India, and these include prime areas like Mohali and Ambattu ...

New Delhi: Small and medium enterprises are witnessing a large scale attrition as the rising value of rupee has impacted margins of these units, particularly in the H2 of 2007, Assocham said. Paying capacities of SMEs to employees have been eroded due to rupee rise, which shrunk their margins and af ...