ndia's top private lender, ICICI Bank Ltd, will wait for market signals before taking a decision on revising its interest rates, the bank's chief executive officer K.V. Kamath said on Thursday.
"We have not taken a decision as yet," Kamath told reporters.
He said the bank would need to understand the implications of the RBI’s move earlier this week to increase the cash reserve ratio rate.
Courtesy : Expressindia.com
ICICI undecided on increase in interest rates
February 16, 2007, 10:21 amPoor English? Go back, India gets firm
February 16, 2007, 10:13 am
India has sent home at least 20 foreign pilots flying for its airlines in the past year as their poor English posed safety concerns, the country's civil aviation regulator said on Thursday.
English is used by India's hard-pressed air traffic controllers, who are struggling to make sense of crowded skies following a surge in new airlines in the last few years.
Rapid growth has led to carriers hiring hundreds of foreign pilots - including from Central Asia and Eastern Europe.
"There have been cases where pilots have been sent back as their English proficiency was not up to the mark," said Kanu Gohain, Director General of Civil Aviation.
"Around 20-25 have been sent back, mainly from CIS (Commonwealth of Independent States) nations and eastern Europe."
Several near misses have been reported in recent months as planes competed to land at overstretched big city airports.
Newspapers and television channels have said poor communication between foreign pilots and air traffic controllers is often to blame.
Passenger traffic is expected to grow at 19 per cent a year up to 2009 and the country's domestic airlines will need more than 400 new planes in the next five years to meet growth.
Courtesy : Expressindia.com
English is used by India's hard-pressed air traffic controllers, who are struggling to make sense of crowded skies following a surge in new airlines in the last few years.
Rapid growth has led to carriers hiring hundreds of foreign pilots - including from Central Asia and Eastern Europe.
"There have been cases where pilots have been sent back as their English proficiency was not up to the mark," said Kanu Gohain, Director General of Civil Aviation.
"Around 20-25 have been sent back, mainly from CIS (Commonwealth of Independent States) nations and eastern Europe."
Several near misses have been reported in recent months as planes competed to land at overstretched big city airports.
Newspapers and television channels have said poor communication between foreign pilots and air traffic controllers is often to blame.
Passenger traffic is expected to grow at 19 per cent a year up to 2009 and the country's domestic airlines will need more than 400 new planes in the next five years to meet growth.
Courtesy : Expressindia.com
Online property market set to witness boom
February 16, 2007, 10:08 am
After matrimony and jobs, online property market is all set to be the next big thing on the Internet, according to chief of a leading portal dealing with real estate.
"Online property market is growing exponentially in India and it is expected that Internet would take up about 10-15 per cent of the total real estate advertisement expenditure soon," Indiaproperty.com CEO Murugavel Janakiram said.
Indiaproperty.com, a part of the BharatMatrimony group, provides details of properties available for rental, sale, and lease, besides providing information about people looking for rooms on a shared basis.
"In the US, 90 per cent of property buyers use Internet as their primary medium of search. There is no doubt that Internet is the best medium for buying and selling real estate. It's just a matter of creating awareness," he added.
Lower penetration of Internet is a major dampening factor for low popularity of online property market. "With the increase in Internet users, the online property market will see a good demand," Janakiram said.
According to him, the success of the online model is because of the wide reach that it provides, which is beyond a particular city or a place.
"Most property owners, builders or agents are happy with the response they receive as they get calls from abroad and from cities across India," he said adding that "This is the uniqueness of the medium, unlike the traditional methods."
Regarding the security of this model, the CEO said that the transaction of the property does not happen online and the final decision is made by the buyer.
Indiaproperty.com also has the facility to upload videos of the property for free.
Janakiram said that every builder gets to feature his property on the site and depending on the search criteria, the property gets listed.
"One can have all the requirements checked even before actually visiting the property. Hence the medium only facilitate more and better options for the buyer for making the best choice," he added.
Also, the promoter can choose to have his site placed in the home page or host advertisements on the site.
On the revenue model for the site, Janakiraman said it is based both on lead generation and advertisements placed by professionals and enterprises within the real estate community, comprising builders, agents, developers and promoters.
Indiaproperty.com also provides SMS-based solutions for individuals and professionals within the real estate industry.
Courtesy : Expressindia.com
"Online property market is growing exponentially in India and it is expected that Internet would take up about 10-15 per cent of the total real estate advertisement expenditure soon," Indiaproperty.com CEO Murugavel Janakiram said.
Indiaproperty.com, a part of the BharatMatrimony group, provides details of properties available for rental, sale, and lease, besides providing information about people looking for rooms on a shared basis.
"In the US, 90 per cent of property buyers use Internet as their primary medium of search. There is no doubt that Internet is the best medium for buying and selling real estate. It's just a matter of creating awareness," he added.
Lower penetration of Internet is a major dampening factor for low popularity of online property market. "With the increase in Internet users, the online property market will see a good demand," Janakiram said.
According to him, the success of the online model is because of the wide reach that it provides, which is beyond a particular city or a place.
"Most property owners, builders or agents are happy with the response they receive as they get calls from abroad and from cities across India," he said adding that "This is the uniqueness of the medium, unlike the traditional methods."
Regarding the security of this model, the CEO said that the transaction of the property does not happen online and the final decision is made by the buyer.
Indiaproperty.com also has the facility to upload videos of the property for free.
Janakiram said that every builder gets to feature his property on the site and depending on the search criteria, the property gets listed.
"One can have all the requirements checked even before actually visiting the property. Hence the medium only facilitate more and better options for the buyer for making the best choice," he added.
Also, the promoter can choose to have his site placed in the home page or host advertisements on the site.
On the revenue model for the site, Janakiraman said it is based both on lead generation and advertisements placed by professionals and enterprises within the real estate community, comprising builders, agents, developers and promoters.
Indiaproperty.com also provides SMS-based solutions for individuals and professionals within the real estate industry.
Courtesy : Expressindia.com
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