Business

In January 2006, Mukesh Ambani’s Reliance Industries Ltd (RIL) shelled out Rs1,104 crore to buy a 7.5 hectare plot at the Bandra-Kurla Complex (BKC), Mumbai’s midtown business hub. The purpose: to construct a world-class convention hall and an exhibition-cum-commercial centre.Four years on, RIL is learnt to have asked the Mumbai Metropolitan Region Development Authority (MMRDA) for a refund of the Rs696 crore it paid for the additional 72,500 square metre built-up area it was grant…

The Indo-African Chamber of Commerce & Industries (IACCI) has signed four historic Memorandums of Understanding during the ongoing Africa Day Symposium being held at The Trident, Nariman Point, Mumbai. The MoUs were signed on the first day of the event – May 13, 2010 – between IACCI and the Ethiopian Chamber of Commerce and Sectoral Associations, Ghana National Chamber of Commerce and Industries, Zambian International Trade and Investment Centre, and Malawi Confederation of Chambers of…

The new board of trustees of the Kandla Port Trust (KPT) should have been in place on April 1, 2010, immediately after the previous board’s two-year term expired on March 31. However, the delay seems to be a rational one, with attempts being made to have a board with local representation. This time, three local key agencies dealing directly and daily with the port have been asked to send names of their nominees for the next board, by returning the shipping ministry’s fax of May 10….

The name redBus has a funny history. Its founders were certain of onething when they wanted to name their venture: it had to do something with a colour. "Then marketing becomes easier," says Phanindra Sama, chief executive officer, redBus.in, and one of the three founders. They finally decided on red, because the word has just three letters.redBus, India’s first organised and online bus ticket booking service, was the only player of its kind in the world when it launched in …

<p ⁄><p ⁄>It is neither Ahmedabad nor Vadodara, but Surat which is the most preferred destination for post-retirement life in Gujarat. Assocham has come up with a study revealing that around 20 cities of the country are preferred post-retirement destinations for Indian CEOs. Surat is the only city in Gujarat preferred by CEOs.Surat is rated one of the best centres for superannuated people, especially those with entrepreneurial skills, as the city has potential to engage experienced peop…