July, 2009 - FreePress India

50 Railway Stations to be Upgraded to World Class Standards + Budget Impact

July 6, 2009July 4, 2009 by Editor's Desk

The Indian Railways has decided to develop ~ 50 stations as world class stations with international level facilities. These will be developed, through innovative financing and in public private partnership mode (PPP). Some of these stations are CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Bhubaneswar, New Delhi, Lucknow, Varanasi, Amritsar, Kanpur, Guwahati, Jaipur, Chennai Central, Tiruvananthapuram … Read more 50 Railway Stations to be Upgraded to World Class Standards + Budget Impact

Cinemax Red Carpet – four screens multiplex at Ahmedabad

July 3, 2009July 3, 2009 by Editor's Desk

Cinemax India is set to launch its four screens multiplex at Cinemax – Red Carpet – at Ahmedabad on July 3, 2009. The multiplex has a capacity of 987 seats, including 180 recliner seats. It will be open to the patrons with screening of block buster movie New York and the most eagerly awaited mega … Read more Cinemax Red Carpet – four screens multiplex at Ahmedabad

India Infoline enters into strategic agreement with Interactive Brokers

July 3, 2009 by Editor's Desk

India Infoline has entered into a strategic agreement with Interactive Brokers LLC (USA) to provide its clients with direct market access to over 80 global exchanges in 18 countries. Thus, the former’s clients will have opportunity to globally diversify their portfolios. Presently, an Indian resident can invest in overseas assets to the extend of $2,00,000 … Read more India Infoline enters into strategic agreement with Interactive Brokers

Government unlikely to relax FDI norms for the retail sector

July 2, 2009 by Editor's Desk

India’s organized retail sector has been facing tough times because of the ongoing economic slowdown and resulting job losses and salary cuts that have had downsizing impact on spending power of consumers. As a result, the foot-falls and the average revenue per sq. feet for the retailers have been strongly impacted. Lack of financing is … Read more Government unlikely to relax FDI norms for the retail sector

Indian exports Fall 29% in May

July 2, 2009 by Editor's Desk

Despite the broader economy showing some green shoots, there is no respite for the export sector. India’s exports for the month of May fell at an annual pace of 29.2% to $11 billion, its eighth straight monthly fall as the economic downturn in West kept export demand subdued. Imports also went down, at an even … Read more Indian exports Fall 29% in May

Vision Corp in pact with Big Flicks

July 1, 2009 by Editor's Desk

Vision Corporation has entered into an agreement with Big Flicks – a division of the Anil Dhirubhai Ambani Group, for internet rights for the films / albums. As per the terms of the agreement, Vision Corporation will provide the feature films that hold negative rights and copyrights of music and other contents to Big Flicks … Read more Vision Corp in pact with Big Flicks