Shah Rukh Khan Dons a face of a UAE Real Estate Developer Now: Shah Rukh Khan has teamed up UAE’s leading property developer Nakheel by purchasing a house on the posh Palm Jumeirah, man-made island off the coast of Dubai. Property in Ras Al Khaimah will comprise of studio, one- and two-bedroom apartments being designed by well-known architect Toni Ashai and Shah Rukh has associated himself with the development via TSA International Investments, a leading real estate financial consultancy in the UAE.
Middle East To Toy With Indian Market : Middle East-based Simba Toys Middle East is gearing up to enter the Indian market. The toy maker, with a catalogue of 4,000 stock keeping units (SKUs), is currently studying the market and will soon set up an office in Mumbai. The company will be setting up a warehouse in the outskirts of Mumbai, at suburban Thane in the Octroi-free zone of Bhiwandi. All products will be supplied to retailers across the country from this distribution centre.
Hong Kong’s PCCW eyes Indian IP TV market : Hong Kong’s PCCW is likely to sell a stake in its telecom unit, and is eyeing opportunities for Internet Protocol TV in India, reports Reuters. PCCW, Hong Kong’s former monopoly fixed-line carrier, had said in May that it planned to fold its core media and telecoms businesses into a separate firm called HKT and sell 45 percent of the new company.
Oil India Ltd’s IPO likely to be in November: Public sector undertaking Oil India Ltd’s (OIL) initial public offer (IPO) has been scheduled for November. A report says that the price band for the proposed IPO is expected to be in place by third week of October, the company’s IPO is likely to hit the market on November 10.
GSPC To Hit The Capital Markets by 2009 : Gujarat State Fuel Management Company, GSPC is likely to come out with an IPO by January 2009 and is planning to raise USD 1 billion through this IPO, reports CNBCTV18 quoting NewsWire18.
InBev Top Set Up A Plant In Andhra Pradesh: Belgium-based brewer InBev SA plans to set up a new plant in Andhra Pradesh. It also takes its first locally produced brand, Tennents Super, to the neighbouring state of Karnataka this month. It was only in July that InBev and Anheuser-Busch Companies Inc., joined hands to create the world’s largest beer company.
Zensar Technologies announces Infrastructure Management business unit: Zensar Technologies, IT and BPO player has announced the launch of its Infrastructure Management business unit. It has signed deals with its existing clients and new customers in the US, Europe and South Africa totalling over $10 million since the beginning of the current fiscal. It aims to be a $50m entity by 2010-11.