Marathon Group launches IT SEZ
The Marathon Group, has announced its 26-acre IT/ ITeS Special Economic Zone, Nexzone, near the proposed international airport at Navi Mumbai. The upcoming SEZ is the part of Marathon Groups total 100-acre project, and the eco-friendly project will be LEED certified. In Phase I, about 3 million sq ft of IT, residential, retail, and hospitality space would be developed with an investment of Rs 900 crore.
APIs profits Rs 173.51 cr
Ansal Properties and Infrastructure has announced a consolidated net profit of Rs 173.51 crore for the financial year ended 31 March 2008, a 31.31 per cent growth over the previous fiscal. The firm had a net profit of Rs 132.12 crore in FY 2006-07. Total income of the company rose to Rs 1,011.36 crore in FY 2007-08, from Rs 881.56 crore in the previous year.
Jaquars range of new geysers
Jaquar has tied up with AO Smith Water Products Company, a US company specialising in technology and energy-efficient solutions. As part of the tie up Jaquar, will introduce a series in water heaters. Jaquar will now launch two geysers, which will come to the market under the AOS Jaquar brand. The company claims that these geysers will have 21 per cent more efficient insulation than competing products in India today. Some of its other features are digital display, on/off timer, and corded remote.
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