A consortium of several
Texas-based entrepreneurs of Indian origin has shown keen interest in investing
in Visakhapatnam by developing a world-class IT Park. CEO of Intellisoft
Technologies Inc Satish Manduva came here from Dallas on Monday to have a look
at Rushikonda IT Special Economic Zone. He was accompanied by officials from
APIIC to various sites. Sources told The Hindu that the NRIs,
most of them hailing from Andhra Pradesh, either wanted to take a government
site on lease or buy a private property to set up the park with their funds.
Among 150 companies floated in Texas by Americans of Indian origin and NRIs, 15
to 20 have agreed in principle to set up ventures in the proposed IT Park.
In an order with
far-reaching implications, the Supreme Court on Wednesday cancelled all but
four of the 218 coal block allocations declared arbitrary and illegal by it in
an August 25 judgment. The decision comes as a windfall for the government as
the court has ordered the owners of the cancelled coal blocks to cough up Rs.
295 as compensation for every tonne of coal they extracted illegally, to make
up for the loss to the exchequer.
Showcasing the best of
the traditional and modern, Dasara will unfold to a sea of humanity on Thursday
(September 25 to October 4) in what is a continuation of a tradition started in
A.D. 1610. This year’s event is also the first in recent history when the
private Dasara of the Wadiyars, the erstwhile royal family, will be held
without a male heir to perpetuate the family traditions inherited from the
rulers of the Vijayanagar empire. It was Raja Wadiyar who decreed that Dasara
be held on a grand scale after he ascended the throne at Srirangapatna in 1610
and the tradition has continued without a break since then.
The executive committee
of the Kerala Road Fund Board (KRFB) has given its nod for the
pre-qualification bids of four companies for the Kozhikode City Road
Improvement Project (KCRIP). A meeting of the KRFB on Wednesday gave approval
to the four companies for submitting the tenders for construction of six roads
in the city. The companies are Mumbai-based Infrastructure Leasing &
Financial Services Limited (IL&FS), a subsidiary of Transportation Networks
Limited; Agra-based PNC Infratech Limited; Ahmednagar-based Rohan Rajdeep
Tollways Limited, and Vadakara-based Uralungal Labour Contract Cooperative
Society.
In
a major initiative, the A.P. Civil Supplies Department has decided to install
e-POS (point of sale) machines at fair price shops within two months to weed
out bogus ration cardholders. Chief Minister N. Chandrababu Naidu sanctioned
Rs. 100 crore for installation of 27,176 e-POS machines all over the State.
Damien Chazelle,
director of 2014 film Whiplash , is in talks to helm the Neil
Armstrong biopic First Man . According to the Hollywood Reporter,
the Universal project, that would tell the tale of the astronaut, the first man
to set foot on the moon, is based on book First
Man: A Life of Neil A. Armstrong by
James Hansen, and would be penned by Josh Singer.
Nigeria’s
military on Wednesday claimed for the first time that Boko Haram leader
Abubakar Shekau was dead, saying troops had shot a lookalike who had been
posing as the militant commander.
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