After being part of the industry for a couple of years, Kamat witnessed the huge gap between demand and supply of four-star full service business hotels in India and endeavored to bridge this gap. “We were already present in the five-star and four-star segments with our brands The Orchid and Lotus Suite, respectively. The latter [...]

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Thus, if a charter service, for example, from Jaipur to Delhi would cost you Rs1.2 to Rs1.5 lakhs earlier, it would now cost you only around Rs60,000 to Rs70,000. “The parking charges are very less in these mini-metros and the air traffic rules are relaxed, unlike in Mumbai,” says Tongia.For instance, the Ojhar airbase in [...]

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Soon the country’s wine capital Nashik will be closer to Mumbai. The Centre has approved the plan to wind the 12-lane Mumbai-Agra highway through Nashik. This will reduce travel time between the two cities by nearly two hours. So, the distance that takes anywhere above four-and-a-half hours now will be reduced to three hours once [...]

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These include the 275-kilometre stretch between Pune and Bangalore on the Mumbai-Bangalore route, 86-km stretch of the national highway between Igatpuri and Pimplegaon in Nashik, including the 5.5 kilometre elevated road in the Nashik city which would improve the traffic situation considerably on the Pune-Surat highway, and the 90-km stretch of the country’s busiest highway [...]

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Deal values the company around Rs 4,500 crore. The deal was sealed at Rs 980 per equity share, sources close to the development said. In one of the major private equity deals in the country, infrastructure developer Ashoka Buildcon has offloaded 15.62 per cent stake to IDFC’s private equity fund for around Rs 700 crore [...]

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Kirloskar Pneumatic`s board approves RoadRailer manufacturing Kirloskar Pneumatic Company announced that the board of directors of the company at its meeting held on Jan. 19, 2008, approved RoadRailer manufacturing activity, to be carried from the company`s land at Nasik. The company will also float a new company to offer RoadRailer services using Indian railway network. The [...]

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Atlas Copco (India) Ltd unveiled its new state-of-the–art Construction and Mining equipment manufacturing facility at Nasik on September 26,2007, following an investment of 280 million rupees. The facility was inaugurated by Mr. Bjorn Rosengren , President of Atlas Copco’s business area Construction and Mining Technique .The new facility consolidates the manufacturing at a single location [...]

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The state government is now working on an ambitious 15-year plan to build expressways, airports and ports that will provide better connectivity across the state. The estimated initial investment: $3 billion or Rs 12,000 crore. “We are looking at infrastructure development and modernisation across the state, linking our larger cities like Pune, Nashik, Kolhapur, Nagpur. [...]

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