by rakesh | Nov 28, 2006 | Business
Karan Johar and his production company, Dharma Productions, will work exclusively with NDTV to achieve new levels of excellence in entertainment programming. Karan will help originate concepts and new programming ideas for the channel and will be an ambassador for the NDTV entertainment brand.
Karan’s production house Dharma Productions will produce shows for NDTV’s Entertainment channel. The channel will have first right of refusal on any programmes that Dharma produces for television. Karan Johar and Dharma productions have produced major blockbusters such as Kuch Kuch Hota Hai, Kabhi Khushi Kabhi Gum, Kal Ho Na Ho and Kabhi Alvida Na Kehna.
Karan Johar will be on the board of NDTV’s Entertainment company, and his company Dharma productions will hold an equity stake in it.
Speaking on the new alliance, NDTV’s Chairman, Dr Prannoy Roy said, “We have enormous respect for Karan’s brilliance and creativity…he is constantly breaking new ground in quality and transforming Indian movies to world class standards. We know he will now help us to redefine and set new benchmarks in entertainment television.”
Karan Johar said, “For me this partnership between NDTV and Dharma Productions is not just a professional association… it’s a family bonding and I believe in the power of the family! What a family can do together no individual can do on his own. This family is going to be at a TV screen near you, creating all the celebration possible. So please watch NDTV emerge as the leading entertainment channel of the country and this is not just a projection … this is a guarantee”.
by rakesh | Nov 27, 2006 | Business
No proposal for handing over some mines to foreign companies is under consideration of the Government. Under Section 5(1) of Mines and Minerals (Development and Regulation) Act, 1957, only an Indian national or a company registered in India under Section 3(1) of the...
by rakesh | Nov 27, 2006 | Business
Various States have been submitted for grant of central financial assistance for various solar energy systems/devices. Allocations have been made under solar energy programmes during last two years, shows that maximum allocations have been given for 1 lakh solar lanterns, 42,000 solar home lighting systems, more than 40,000 solar cookers, nearly 5000 solar street lighting systems and 333 solar pumps through out the country. Uttaranchal with 20,000 solar lanterns, Gujarat with 28,060 solar cookers, Meghalaya , 3200 solar home lighting systems, Haryana, 14,089 solar street lighting system and UP with 168 solar pumps lead in particular systems.
6070 MW grid-interactive power generation capacity upto 30th September, 2006 has come through wind energy with private investment. Proposals from the State Governments, including Tamil Nadu, for the grant of Central financial assistance under the schemes and programmes of the Ministry are received on a regular basis. Complete proposals are considered and approved subject to budget provisions. Tamil Nadu tops the list with more than 3000 MW capacity.
This information was given by the Minister of State in the Ministry of New and Renewable Energy, Shri Vilas Muttemwar in a written reply to question by Shri N.R.Govindarajar in the Rajya Sabha today.
by rakesh | Nov 27, 2006 | Business
It provides for protection clauses like provision of adequate safeguards in the factory as regards occupational safety and health, equal opportunity for women workers, adequate protection to their dignity, honour and safety, their transportation from the factory premises to the nearest point of their residence. The bill in this regard was introduced in Lok Sabha on August 16, 2005 and is pending to be taken up for discussions and passing. As far as provisions of lighting and creche are concerned, these are already covered under the provisions of the Factories Act, 1948.
This was stated by the Minister of State(Independent Charge) of Ministry of Labour and Employment, Shri Oscar Fernandes in written reply in the Lok Sabha today.
by rakesh | Nov 16, 2006 | Business
Mumbai, Maharashtra, India, Thursday, November 16, 2006 — (Business Wire India) — Kingfisher Airlines, India’s fastest growing private carrier and the first airline in India to offer a premium first class service on domestic routes, today announced the launch of 58 new flights across 15 new routes, connecting 9 important cities across the length and breadth of India. The cities between which new services have commenced are Varanasi, Pune, Bangalore, Coimbatore, Chennai, Ahmedabad, Nagpur, Jammu and Hyderabad. The launch of these new routes takes the number of daily flights operated by Kingfisher Airlines to 130 flights connecting 23 destinations.
The Airbus A321 is the largest passenger liner in India in domestic aviation and Kingfisher Airlines is the only airline in the country which has three brand new Airbus A321 super liners in its fleet. The fourth A321 aircraft is set to join the fleet later this week. In the month of November, Kingfisher Airlines acquired 4 A321 aircraft and 1 ATR72-500 aircraft taking the fleet size upto 22 aircraft.
Commenting on the launch of these new routes, Dr. Vijay Mallya, Chairman and CEO, Kingfisher Airlines Limited said, “Kingfisher Airlines has redefined the whole experience of flying and has come to be regarded as an airline that sets new benchmarks in service excellence for the industry as a whole. The simultaneous launch of 58 new flights in one go represents a quantum jump in number of daily services offered by Kingfisher Airlines and marks yet another milestone in the scorching pace that Kingfisher Airlines has set for itself to capture market share. The pace of growth coupled with our constant endeavour to raise the bar has endeared Kingfisher Airlines to its guests and this is sure to catapult Kingfisher Airlines into the position of a market leader by the year 2010”.
by rakesh | Nov 14, 2006 | Business
Mumbai, Maharashtra, India, Tuesday, November 14, 2006 — (Business Wire India) — Indians in England can now look forward to owning a piece of their motherland. In an endeavour to facilitate the Indians in England acquire property in India, Housing Development Finance Corporation Limited (HDFC) has launched its operations in London. It will provide advisory services on housing finance and property acquisition in India. HDFC’s office will be located at 403, 1 Northumberland Avenue Trafalgar Square, London WC2N 5BW.
Commenting on this occasion Mr Keki Mistry, Managing Director, HDFC said, “The buoyancy in Indian economy, coupled with the recent Real-Estate boom is attracting a large number of Indian’s abroad to invest in a property in India. It is estimated that the total Asian Population in the UK is around 3.5% of which over 1.8% are Indians, with London having the largest concentration. This new office will provide us an excellent strategic position in assisting Indians in owning a property in their home land.”
Ms. Renu Sud Karnad, Executive Director, HDFC added, “Our presence in UK comes at an appropriate time when Indian real-estate is on an upswing. With twenty-nine years of existence in the industry, HDFC has gained an in-depth knowledge of the real estate market, and the expertise to guide customers through their entire property buying process. Now Indians based here can avail of our services, whether it is assistance in property search, builder credibility evaluation, expert advice on the legal processes, technical evaluation of the property, or with their home loan requirements. Our endeavour is to empower customers to make a more informed decision while buying the property.”
HDFC, set up in 1977, is India’s premier housing mortgage company, which has turned the dream of owning a home into a reality for millions of Indians. It defined standards in the housing sector, be it in processes, service or product innovations and has grown to provide not just finance but also complete solution to the customers’ housing requirements. Its strength has been its pioneering value-added services, with a specialist team of trained staff that empathises with customers and offers free counselling and legal assistance for a variety of individual housing needs, while ensuring that customer interests are protected.
HDFC has grown from a humble beginning of Rs 71 million (GBP 8,33,000) in home-loan approvals in its first year of its operations to over Rs 1,272 billion (GBP 15.14 billion), as of Sept. 2006 in cumulative home-loan approvals. The organization has assisted 2.9 million families in owning their own Home, while maintaining gross NPAs at less than 1% – the lowest in the industry. Asset per employee has grown from Rs. 69 million in 1995 to Rs. 381 million in 2006 and the cost income ratio has gone down from 22.3% in 1995 to 12.2% in 2006 and is among the lowest in the financial sector in Asia. The market capitalization is over Rs 388 billion (GBP 4.62 billion). Foreign Institutional Investors hold over 79.58 % of equity in HDFC, the highest for any Indian company.
Service excellence and customer convenience has always been the guiding philosophy for HDFC. Its specialised team of trained counselors provides the customers expert advice on legal & technical aspect of property buying, liaison with property developers to locate the ideal property anywhere in the country, assist in making the right choice in determining the financing mix / products and hand-holding the customer through the whole transaction of property purchase. The company has developed advanced capabilities in the area of processing loan applications. It has a wide network over 228 outlets reaching out to 2500 towns and cities across India. Internationally HDFC has been present in UAE, Saudi Arabia, Kuwait, Oman, and Qatar. providing seamless service across geographical boundaries.
HDFC has grown phenomenally and has transformed into a financial conglomerate. It has diversified into banking with HDFC Bank, life insurance – HDFC Standard Life Insurance in association with Standard Life Assurance of UK, general insurance – HDFC Chubb General Insurance with Chubb Corporation of USA, asset management – HDFC Asset Management Company with Standard Life Investments of UK, BPO – Intelenet Global Services with Barclays Plc of UK, credit bureau – CIBIL and real estate venture capital – HDFC Venture Capital Limited. The HDFC group has assets of over Rs.1,500 billion (GBP 17.86 billion) and a customer base of over 12 million. Today, the brand HDFC has evolved to become a household name in India.
