Company Updates

Ambuja Enters Into Boutique Hotel Segment

Real estate major Ambuja Realty is all set to make entry into boutique hotel segment in coming two fiscals in West Bengal.

According to the sources, under the proposed plans, the company would be constructing six boutique hotels at different tourists locations in West Bengal.

While lecturing on the plans, Mr. Harsh Neotia, chairman of Ambuja Realty stated, “We will come up with five to six resorts in tourist destinations in the state and also a few city properties in the boutique hotel category.”

“We will expand to other parts of India and abroad after two or three years once the brand is established,” he added.

Frameboxx Partners Creativeheads.Net Portal

Animation trainer Frameboxx Animation and Visual Effects has signed partnered deal with global job portal CreativeHeads.net to assist students access employment opportunities throughout the world.

According to the trainer, under the proposed partnership, Frameboxx pupils will have instant access to hundreds of global job opportunities in foreign studios such as LucasFilm, Sony Pictures Imageworks, Pixar.

CreativeHeads.net has a network of 28 top editorial sites, and reaches a community of more than 20-million creative professionals each month.

Rendezvous Hotels form JVC with Chennai-based X S Real Properties

Rendezvous Hotels and Resorts International (RHI) has formed a Joint Venture Company with Chennai-based X S Real Properties Ltd, for managing hotels and resorts in India.

GMR Plans Rs 10, 000 Cr Investment For Nuclear Power Plant

GMR Energy, unit of GMR Infrastructure, plans investment of over Rs 10,000 crore to set up a 2,000 - 3,000 MW nuclear power plant in the country within 5-7 years.

For the foray, the company has already hired experienced people including former chairman and managing director MD MR Srinivasan.

Within six months to one year, the company expects to come up with a broad plan in place.

The company is in talks with equipment and fuel suppliers in France, United States and Korea.

Also, Executive vice-president Avinash R Shah of the company, said, "We have held talks with equipment as well as fuel suppliers and will firm up a plan in the next one year."

Wipro Infotech Opens Manufacturing Unit In Uttarakhand

Wipro Infotech Opens Manufacturing Unit In UttarakhandWipro Infotech, the peripherals manufacturing subsidiary of Wipro, has opened its second manufacturing unit at Kotdwar in Uttarakhand.

Covering 5.8 acres of land at the foothills of the Himalayas, the proposed unit will produce servers, storage, notebooks, desktops and allied IT electronics products.

According to the source, the plant is equipped with a manufacturing capacity of approximately 1000 machines a day.

The company however did not divulge the investment in this project.

Airtel Innovation Fund Launched

Bharti Airtel has launched the ‘Airtel Innovation Fund’ on Thursday. The fund, Airtel Innovation Fund Launched worth Rs. 200 crore is geared to encourage innovation and entrepreneurship in the field of telecommunications. Bharti Airtel is a first company in the telecommunication sector to set up such a fund.

The Chairman and Managing Director of Airtel, Sunil Mittal said that his company would like to help entrepreneurs with a vision and innovative ideas to set up businesses. He expressed hope that the move of his company would yield good results for the entrepreneurs of India.

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