N. Shankar appointed CMD of ECGC

Mr. N. Shankar has been appointed as Chairman-cum-Managing Director of Export Credit Guarantee Corporation of India Ltd. (ECGC). Prior to this appointment, Mr. Shankar was Executive Director of Export-Import Bank of India (Exim Bank).
N. Shankar

Mr. Shankar is a career banker and has over thirty five years of experience in financial sector comprising 6 years in commercial banks and 29 years in Exim Bank.  He has been with Exim Bank since the inception of the institution. Mr. Shankar’s specialization and experience encompass a variety of portfolios including corporate credit, SME credit, domestic/international resources, fund management, integrated treasury, risk management, MIS and corporate accounts. 

Mr. N. Shankar is a Certified Associate of Indian Institute of Bankers and a Chartered Financial Analyst from ICFAI.
Mr. Shankar is well known in domestic and international markets for his fund-raising abilities and negotiating skills.


Today's Investing Mantra - Bill Earle

"If your outgo exceeds your income, then your upkeep will be your downfall." - Bill Earle

After 5 years TN govt enters cement retail business

K..K. Raman,  Executive VP, DLF
After a gap of  5 years, the Tamilnadu state government has decided to reenter the cement retail business in Tamil Nadu and Kerala with a view to reining in the skyrocketing prices.

At a time when private manufacturers sell cement about Rs 300 per 50kg bag, the Tamil Nadu government owned  TANCEM (Tamil Nadu Cements Corporation ) will sell its Arasu brand at Rs 255 per bag to retailers and at Rs 240 per bag to bulk purchasers.

TANCEM  promise to slash the prices further if private manufacturers join the competition. Its rates will be always kept below that of private players.

The builders' community in Tamilnadu has welcomed the move.

Mr. K..K. Raman,  Executive VP, DLF
said, "It's a good initiative from the Tamilnadu government. It may lead to cement prices heading southwards. Cost of construction will come down if private players follow suit."

TANCEM proposes to first clear its stock of nearly  6,000 tonnes that has piled up in various godowns. Over and above that, depending on the demand, it will push another 2,000 tonnes a day into the market.
Though TANCEM has an installed capacity of about 9 lakh tonnes per annum, one of its kilns at Alangulam in Virudhunagar district is shut down and its effective production is only 7 lakh tonnes as of now. The supply would be routed through about 200-odd active stockists of TANCEM in the Tamil Nadu and Kerala.

L.L.A. Building, 735, Anna Salai,
Chennai - 600 002    
Fax : 044-28523991
Tel : 044-28525461, 28525471
Email : md@tancem.com, rajkumar.ganta@gmail.com
Website : www.tancem.com

Ramky Infra bagged Construction World award

Mr. Y R Nagaraja, MD, Ramky infrastructure
Ramky Infrastructure has bagged the award for the ‘3rd Fastest Growing (Large Category) Construction Company' at the 9th Construction World Awards 2011.

The Ramky Infrastructure  emerged winner in the Construction World Annual 2011 study, which has been conducting the process of ranking and awarding industry participants for the last eight years.

According to Mr. Y R Nagaraja, MD, Ramky infrastructure said, “Our company has been going up at a consistent pace through the years and this award is a confirmation of the endeavours we have put in and the successful projects executed in India and outside our borders too.”

About Ramky Infrastructure..!

RIL (Ramky Infrastructure Limited ) is an integrated construction, infrastructure development and management company in India. Since the commencement of its business in 1994, the firm has done a range of construction and infrastructure projects in various sectors such as water and waste water, transportation, irrigation, industrial construction and parks (including SEZs), power transmission and distribution, and residential, commercial and retail property.

Corporate Office:

Ramky Infrastructure Limited,
6-3-1089/G/10 & 11, 1st Floor, Gulmohar Avenue,
Raj Bhavan Road, Somajiguda,
Hyderabad – 500 082, A.P.
Fax No.      +91-40-23302353
Phone No.  +91-40-23310091 (30 lines)

Email:   info@ramky.com
please visit  www.ramky.com

Sub-contractors in Infra. projects exempt from service tax : CBEC circular

Services provided by sub-contractors to a works contract service (WCS) provider engaged in infrastructure projects will not have to pay service tax - if they are independently classifiable under the WCS - if they are in relation to the infrastructure projects undertaken by the main contractor.

The CBEC (Central Board of Excise and Customs) clarified this recently.

Currently works contracts services on construction of dams, tunnels, roads and bridges are exempt from service tax. In 2011 May the Finance Ministry had said that sub-contractors will have to pay service tax on all “taxable services” provided by them to a WCS provider engaged in construction of infrastructure projects.

The infrastructure and construction Industry had protested that the service tax will be applicable on input services availed of by a WCS provider and lead to increased project cost as sub-contractors would pass on the service tax burden to the WCS provider.

This had led to doubts on whether the exemption available to the WCS providers in respect of projects involving construction of roads, railways, airports, transport terminals, bridges, dams & tunnels  would also be available to the sub-contractors who provide Works Contract Service to these main contractors in relation to those very projects.

The latest circular issued  makes it clear that service tax exemption benefit will also be available to sub-contractors where the services rendered to the main contractor are independently classifiable under WCS.

According to CBEC circular , “Thus, it may happen that the main infrastructure projects of execution of works contracts in respect of roads, airports, railways, transport terminals, bridges, tunnels and dams is sub-divided into several sub-projects and each such sub-project is assigned by the main contractor to the various sub-contractors. In such cases, if the sub-contractors are providing works contract service to the main contractor for completion of the main contract, then service tax can obviously not be levied on the works contract service provided by such sub-contractor." 

The CBEC circular clarifies that if services provided by a sub-contractor are  exempt from service tax, it would continue to enjoy the exemption, even if the services are provided to the main contractor. This is helpful for the infrastructure industry.       

Unitech unveils new township in Gurgaon

Realty company Unitech has announced the launch of 'Crestview Apartments' in Gurgaon.

The Crestview  Apartments is being launched as a part of Wildflower Country, a 100-acre township in sector 70, Gurgaon, being developed by Unitech.
Unitech expect to generate a sales-booking of Rs 400 crore from this project over 2 months and also, expect to garner revenue of Rs 2,000 crore, from Wildflower Country Township over the next 3 to 4 years.

Highlights of Crestview Apartments..!
* Crestview offers apartments in sizes ranging from 925 - 1,402 sq.ft in G+13 level towers with each floor having four flats.

* It will spread across 7 acres of land, and has a total saleable area of more than 6 lakh sq. ft.

* It offers 2 & 3 bedroom flat with basic price of approx Rs. 65 lakh &  Rs. 73 lakh, respectively.

* There are some other charges such as government/statutory charges, car-parking charges over and above the basic price.

*  Every flat will come equipped with the  modern amenities like imported marble flooring in living/dining, split air-conditioning in all rooms.

* The Crestview project offers social infrastructure and amenities such as shopping area,  Bank and ATM, sewage treatment, rainwater harvesting, and provision for public transportation area such as taxi stand.

 About Unitech..!
Established in 1972, Unitech is today a leading real estate developer in India.  It is the first developer to have been certified ISO 9001:2000 in North India and offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement parks and SEZs.

The well-recognised brand was yet again conferred with the title of  Super brand by Superbrands India in 2009. The Company is also the recipient of the CW Architect and Builders Award, 2008 for being one of India's Top Ten Builders.

The company  has long partnered with internationally acclaimed architects and design consultants including SOM (USA), BDP (UK), Maunsell AECOM (HK), MEA Systra (France), Callison Inc. (USA), FORREC (Canada), SWA and HOK (USA) for various projects.

 It has an enviable clientele for commercial projects including Fidelity, McKinsey, Bank of America, Ford Motors, Nike, EDS, Hewitt, Amdocs, Ernst & Young, Reebok, Keane, Seagrams, Perfetti, Exxon Mobil and AT Kearney.

Unitech Scrip is one of the most liquid stocks in the Indian stock markets and was the first real estate company to be part of the National Stock Exchange's NIFTY 50 Index. The company has over 6 lakh shareholders.

Recently the Company has ventured into the infrastructure business by launching Unitech Infra, thus leveraging its decades of experience and expertise in real estate.

Registered Office
Unitech Limited
6 Community Centre, Saket, New Delhi - 110017
Tel: +91.11.41664040 / 26857330-1
Fax: +91.11.2685.7338

Corporate Office
Unitech House L Block, South City - 1, Gurgaon - 122 001
Tel: +91.124.4125200 / 4125328
Fax: : +91.124.2383332
Marketing OfficeUnitech Signature Towers,
South City – 1, NH-8,
Gurgaon – 122001
Tel:  +91 124 4552000
Fax: +91 124 4083355
Email: marketing@unitechgroup.com


Indian Real Estate shares – Intraday Tips For 31 October 2011

 Intraday Tips For 31 October (Monday)  2011
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Bottom of Form
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Note :  It should not be taken as an assured recommendation to Buy or Sell a referenced security. The data given is for informative purpose only.


Turbo chimneys for kitchen

Turbo chimneys now come in vibrant colours like Black , Red, Chocolate  & Ivory.
It available at 60 cm, 75 cm & 90 cm in size in Standard and Deluxe model.

The chimneys come with hi-tech features like turbo flow (1,000 C M H), Baffle Filter, Light Emitting Diode (LED) lighting, Metallic Housing, Digital Display & low power consumption. 

Chennai Contact: shaji@ultrafreshindia.net

93823 15268 (Chennai)
New Delhi
Ultrapure Technology & Appliances India Ltd,
Ring Road, Nariana Vihar,
New Delhi - 110028, India
Tel : +91-011-47617777
Contact at shaji@ultrafreshindia.net
For general and Corporate information :

For Modular Kitchens, Bulk Orders, Institutional Sales please email:

For Servicing of Ultrafresh Products:
National Servicing Hub
CB -346,IInd Floor ,
Ring Road, Nariana Vihar ,New Delhi
email service@ultrafreshindia.net


Amarprakash's new integrated township project near chennai

Chennai based Amarprakash is launching new project namely Sun City a 37 acre ultra modern integrated township at  Kadambattur, in Thiruvallur  District.

The Sun City comprises a wide range of residential options such as Villas, Row Houses, semi independent houses and residential plots of land & high rise buildings.

The Sun City is a DTCP approved integrated  township is coming up with all civic amenities like underground drainage, tar-top road & purified drinking water connections and other amenities such as swimming pool & club house etc..

The Sun City township is surrounded by major corporates and Multi National Companies (MNC's).
About 200 houses and 100 plots of land are available in first Phase.  Houses of built-up area 500 to 1,500 sq. ft start from Rs.1,799 Sq.ft onwards and plots of  land from 1,000 sq. ft and above start at Rs.399 Sq.ft, at inaugural offer .

About  Amarprakash..!

Incorporated as Amarprakash Developers in 2004, to undertake housing construction in Chennai  and contracting business, the company changed its constitution to a private limited company known as Amarprakash Developers Private Limited., in 2007.

Corporate Office
412/7, G.S.T. Road (Near Balajee Bhavan),
Chennai - 600 044. 
91 - 44 - 4000 5000
E mail : contact@amarprakash.in

Indian Hotels Net Profit Rs. 8.12 Crore

India’s second-largest hotel chain , IHCL (Indian Hotels Company ), posted a net profit of Rs 8.12 Crore for the quarter ended September 30, 2011. The company  had posted a loss of Rs 6.30 Crore for the corresponding quarter a year ago.
Raymond Bickson, MD, IHCL

Mr. Raymond Bickson, MD, IHCL said, "Notwithstanding the foregoing, the company improved the average room sold per day by 8% and to that extent, the performance during the period, which is generally subdued because of the off season, was satisfactory."
Income from operations grew by 9% to Rs. 357 Crore during the quarter as against Rs 328 crore posted in the same quarter a year earlier.

According to company officials an overall room occupancy of 59% and Rs 7,961 as average room rate during the September (2011) quarter.

The IHCL, a part of the Tata Group, gained a net amount of Rs 10.64 crore during the quarter as interest income on a deposit refund received following surrender of leasehold  plot of land in terms of a Supreme Court order on a disputed allotment in Noida.

The IHCL’s total debt stood at Rs. 3,400 Crore, while the standalone debt stood at Rs. 2,300 crore for the September quarter. Its debt; equity ratio at the consolidated level was 1.1 and at the standalone level  0.79.
In overall , 13 new properties are supposed to be added in this 2011-12 financial year with 1,840 rooms.

About Indian Hotels Company..!

The IHCL (Indian Hotels Company) and its subsidiaries, collectively known as Taj Hotels Resorts & Palaces, is one of Asia's largest and finest group of hotels.

Incorporated by the founder of the Tata group, Mr. Jamsetji Tata, the company opened its first property, the Taj Mahal Palace, in Bombay in the year 1903. The Taj, a symbol of Indian hospitality, completed its centenary year in 2003.

Taj Hotels Resorts and Palaces comprises 93 hotels in 53 locations, including 25 Ginger hotels Pan India, with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, US, Bhutan, Sri Lanka, Africa and the Middle East. From world-renowned landmarks to modern business hotels, idyllic beach resorts to authentic grand palaces, each Taj hotel offers an unrivalled fusion of warm Indian hospitality, world-class service and modern luxury.

The most significant additions to the Taj portfolio have been The Pierre, the iconic landmark hotel on New York's 5th Avenue, the Taj Cape Town in South Africa and the latest Taj Falaknuma Palace in Hyderabad.

In the year 1993, the company established the Indian Institute of Hotel Management in Aurangabad, Maharashtra, in western India.

Business Area..!
Indian Hotels Company operates in the luxury, upper upscale, upscale and value segments of the market through the following:
  • Taj is the flagship brand for the world’s most discerning travelers seeking authentic experiences in luxury. Besides luxurious living and fine dining, Taj Hotels also promise a whole new experience of tranquility and total ‘wellness’ through Jiva Spas, a unique concept that brings together the wisdom and heritage of the Asian and Indian philosophy of wellness and well-being. 
  • Taj Safaris is India's first and only wildlife lodges circuit that allows travelers to experience the unparalleled beauty of the Indian jungle amidst luxurious surroundings.
  • The Gateway Hotel chain is a pan-India network of hotels and resorts that offers business and leisure travelers a contemporary hotel experience. 
  • Vivanta by Taj provides the new generation of travelers a contemporary and creative hospitality experience that matches their work hard, play hard lifestyles.
  • Ginger is Indian Hotels Company ’s revolutionary concept in hospitality for the value segment.
IHCL’s head office is in Mumbai, India. Taj properties are located in Asia, UK, US, Australia and Africa.

ContactIndian Hotels Company, Oxford House
15-17 NF Street ,
Apollo Bunder,
Mumbai  - 400 001
Fax: +91 (22) 2281 8849
Phone: +91 (22) 6665 1000
Website: www.tajhotels.com


Building & Construction Industry: 77% Companies plan to increase their production capacity

According to a survey of the building and construction sector carried out by IndiaMART Knowledge Services, a majority of SMEs (Small and Medium Enterprises) in the building and construction sector are upbeat about the future and are looking to expand their business. A thriving infrastructure and real estate sector is the main reason for the growth of SMEs in the building and construction industry.

A large percentage of survey respondents (62.1%) had high expectations of market growth for the next quarter, while 19.7% had low expectations and 18.1% felt there would be no change. While 76.7% plan to increase their production capacity, only 23.2% said that they did not plan to do so.

Highlights of IndiaMART Survey..!

#  An overwhelming 91%  felt that working closely with customers can help them counter challenges and gain a competitive edge, while only 9.1% felt otherwise. About 87.8% of the survey respondents revealed that offering innovative products could give them an edge over competitors, whereas 12.2% did not agree.

# About 70.6 % of  the SMEs wanted to expand their employee base, while 29.5% said that they were not looking to increase employee numbers.

# More than half of the respondents (54.6%) said that they were planning to increase the number of offices, but 45.5% did not plan to do so.

# The majority of SMEs in the building and construction industry have seen growth, they still continue to reel under different challenges which include poor infrastructure, unskilled manpower, inadequate finance and absence of technology, among others.

# Finding unskilled manpower was identified as one of the most difficult challenges by 62.6% of the survey participants.

# Nearly 54.5% agreed that lack of availability of finance was a major difficulty. The SMEs also identified poor infrastructure (46.9%) and absence of technology (46%) as other big impediments.

# About 77.2% wanted additional government support, while 76.3% felt training of labour was also an important consideration.

#  Investment in information technology is not seen as a major factor that can drive business growth, as only 52.53% were in favour of it.

About IndiaMART ...!

IndiaMART is one of India’s largest business-to-business online marketplaces.It  assists manufacturers, suppliers & exporters to trade with each other.

Shriram plans to open 50 automalls

Shriram Transport Finance Company's  subsidiary firm Shriram Automall plans to open 50 automalls by 2013. It with an investment of around Rs 100 crore.

Mr. U.G. Revankar, Deputy Managing Director, Shriram Transport Finance, "Automall is a unique platform for the second-hand trucks market. Automall will benefit truckers in promptly replacing their vehicles. We plan to roll out 50 such centres over the next three years," said

Each Automall will come up on  about 3-4 acre plot of land with an investment of around Rs 1.5 crore and will function on a lease basis.

The Shriram Automall has launched its 4th Automall at Panvel over the weekend. It already has 3 Automalsl in Delhi, Baroda and in Chennai.

The company plans to open two more Automalls in Hyderabad and Jaipur by the end of this fiscal (2011-12).


M3M India unveils flats in Gurgaon

Real estate company  M3M India, launched its new project M3M Merlin – Singapore styled residential project in the heart of Gurgaon.

The M3M Merlin offers competitively priced living to people looking for style and a classy lifestyle while staying close to their work place. It offers a truly international living experience that too at an excellent location with connectivity to South Delhi & NH-8.

Mr. Pankaj Bansal, Director, M3M Group,
said, “ M3M Merlin is a modern and youthful offering from M3M that brings world-class residences at competitive prices to the people of Gurgaon and NCR. Modeled along the apartments in Singapore, we have combined world-class amenities and focused on comfortable living to make Merlin the choice of residence for people from different regions and fields of work.”

Highlights of M3M Merlin..!

#  M3M Merlin spread across 13.34 Acres of land. It offers flats with ample space and lighting within the area range of 1,800 to 5,100 sq ft.

#  It situated at a prime location, close to various amenities such as schools, restaurants and health care facilities, M3M Merlin is being designed by the world famous DP Architects of Singapore.

#  The flats boast of variety of amenities which are very unique and new to Indian living such as a Laundromat, mechanical car wash an aqua gym, a lazy river pool, a creche for children and a spa- all within the complex.

# Children can have fun with the water slides and climbing frames, cricket nets, table tennis, water jets and a snooker room.

# M3M Merlin offers 3 and 4 B H K  flats with the best in class amenities & specifications.

#  The apartments have been designed with customer convenience in mind, located in well-developed vicinity. Security of the residents is taken care of with perimeter security & intelligent access control system.

#  The  M3M Merlin project also features health oriented facilities that are usually seen internationally such as a beach pool, mechanical car wash and barbeque pits in every apartment and a club in the shape of a whale in the water body.

# To make life stress-free and comfortable, residents have the option to indulge in various activities supported by meditation/yoga/dance room, a jogging trail and a reflexology walk amongst others.


Today's Investing Mantra -John Templeton

Humility about how little I know has encouraged me to listen more carefully and more wisely." - John Templeton

Project in Bangalore: Godrej Properties agreement with Universal Builders

The real estate development arm of the Godrej Group, Godrej Properties, has announced a tie-up with Universal Builders, wherein Godrej Properties will act as the development manager, for developing  about 4o lakh sq. ft of premium residential villas with modern specifications. It spread over 14.5 acres at Electronic City, Bangalore.
Mr. Pirojsha Godrej, E.D

According to Mr. Pirojsha Godrej, E.D, Godrej Properties, “We are pleased to have entered an agreement for our 6th residential project in Bangalore. The key strategic goal for the company is to build our presence across India's important real estate markets and this development fits in well with our strategy. We look forward to creating an outstanding villa development right in Electronic City.”

Godrej Properties will receive 11% of the total revenue from this development as development manager fees.

The project has the advantage of being strategically located in Bangalore City in proximity to prime residential, retail and commercial areas. The site is located close to NH 7 and NICE road which offers excellent connectivity to the south and west of Bangalore.

About Godrej Properties..!

*  Established as Godrej Properties Ltd. in 1990

 * One of the first real estate companies to have obtained an ISO certification

 * Projects in 11 cities across India
Head Office :

Godrej Properties Limited,
4th Floor, Godrej Bhavan 4A, Home Street,
Fort Mumbai 400 001, India.

Telephone :
Board No. : +91 - 22 - 66510200
Fax: +91 - 22 - 2207 2044

Ahmedabad Office:
Marketing: +91 79 6614 0200 / +91 79 6190 0500
6190 0500

Bangalore Office:
Marketing: +91 - 80 - 40995000 / 5001

Chandigarh Office:
Marketing: +91 - 0172 - 5020251

Kolkata Office:
Marketing: +91 - 33 - 22895501/02, +91 - 33 - 65500437

Pune Office:
Marketing: +91 - 20 - 25541151, +91 - 20 - 66094106

Gurgaon Office:
Marketing: +91 - 0124 - 6462888 / 999


Sales & Marketing:
Land Owners: 
Suppliers & Contractors: 


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