Realty major Omaxe has forayed into the West Asian property market by setting up a subsidiary, which will develop two projects worth Rs 2,850 crore in Dubai. The wholly owned subsidiary, named Rohtas Holdings (Gulf), will develop a residential project in Dubai with a project value of Rs 1,350 crore through a special purpose vehicle (SPV) — Golden Crescent Red and General Trading Ltd. Another project worth Rs 1,500 crore will be developed through spv Marine Sands, the company aid in a filing to the Bombay Stock Exchange.
Uco Bank has launched the agricultural debt waiver and debt relief scheme 2008, which involves a waiver of Rs 71,000 crore. After the waiver, loanee farmers will be eligible for fresh loans according to the individual requirements.
B.D Castings Pvt Ltd has launched two products — Timcon TMT bar Fe-500+ and BIS grade Timcon structural steel. The products will be developed and produced by B.D Castings’ Dankuni plant
National Spot Exchange Limited (NSEL) and Gujarat Agro Industries Corporation, have signed a memorandum of understanding to create a strategic alliance for development of farm-based industries and other allied services in Gujarat.
Nokia and Sasken Communication Technologies have announced that the transfer of Nokia’s adaptation software research and development operations in Bochum, Germany, has been completed.
