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1.Union Budget must aim to boost domestic stainless steel manufacturing: ISSDA

Abolishing basic custom duties on import of key raw materials and Increase Basic Customs Duty on finished stainless steel products


2.Maharashtra bags investment proposals worth Rs 390 billion

These companies are reportedly exploring the acquisition of land around Panvel and Mangaon


3.India builds Sabang Port in Indonesia

Close to Andaman and Nicobar Islands, India is reportedly developing its maiden deep sea port in Indonesia’s Sabang


4.OYO Hotels & Homes renovates assets in a record time of 14 days

OYO Hotels & Homes, one of the world’s fastest-growing chain of leased and franchised hotels, homes and spaces, has set a new benchmark in transforming and renovating assets in a record time of up to 14 days – a stark contrast to the industry standard of 35 days to 90 days.


5.GVK ties-up with Indonesian govt for Java airport project

To build a second airport in Yogyakarta of Java city in Indonesia, GVK Power & Infrastructure is joining hands with the Indonesia's State-owned infrastructure firm PT Angkasa Pura I. Angkasa Pura will fund the project through loans or equity.


6.Kuala Namu International Airport to open on July 25

Media reports say that the Kuala Namu International Airport in Medan, North Sumatra, is set to begin operations from July 25, 2013, said Salahuddin Rafi, Airport Director, PT Angkasa Pura II. Garuda Indonesia is likely to take off the first aircraft from the airport. Kuala Namu Airport will be the second largest and busiest airport in Indonesia after the Soekarno-Hatta International Airport in Jakarta and will replace the present Polonia Airport, which is already the fourth busiest airport in th


7.Indonesia cement sales growth declines in May

Data from the Indonesian Cement Association shows that growth of cement sales declined to 2.1 percent at 4.7 million ton in May 2013 from 8.6 percent the previous month. This is said to be the slowest pace of growth in 17 months as consumption outside Java declined, signaling a broader economic slowdown, reports suggest. During May, cement sales in all regions outside Java and Sulawesi declined. Consumption of cement in Sumatra declined 3 percent to 1.02 million ton from last year. Maluku and Pa


8.Hyd is the world's 2nd most affordable office market

According to a survey, Hyderabad is the world's second most affordable office market after Surabaya in Indonesia, while Chennai and Pune are at fifth and sixth positions, reinforcing India's reputation as among the cheapest destinations for foreign firms to set up operations.


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