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Somnath says no
While many politicians lobby to get a Rajya Sabha berth, former Lok Sabha Speaker Somnath Chatterjee has politely turned down a proposal from the government to become a nominated member of the Upper House. According to top sources in the government, Prime Minister Manmohan Singh was keen to bring Chatterjee — who played a crucial role during the government’s tension with the Left parties over the Indo-US nuclear deal and defied his party’s diktat to resign from the Speaker’s chair — in the Rajya Sabha. But Chatterjee told Congress managers that after having been Speaker, he did not see merit in occupying the back benches of the Rajya Sabha. generic levitra

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India's first stem cell institute to come up in city
Bangalore has been chosen as the location to set up India’s first major stem cell institute. The institute for Stem Cell Biology and Regenerative Medicine, called inStem will be set up by the Department of Biotechnology (DBT), government of India at an investment of Rs 200 crore.

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Not standing on ceremony
BJP President Nitin Gadkari doesn’t believe in standing on ceremony. So, while the normal protocol is that meetings are held in the office/residence of the senior-most official in the meeting, Gadkari surprised most by attending a meeting on Bihar at party MP Shahnawaz Hussain’s Delhi bungalow. Gadkari is also quite corporate in the way he carries his visting cards and hands them over to visitors with a “Hi, I am Nitin Gadkari. You can call me Nitin.”
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IHCL acquires Sea Rock Hotel for Rs 680 cr

Tata Group hospitality firm Indian Hotels Company (IHCL) today said it has acquired a controlling 85 per cent stake in Elel Hotels and Investments, which owns the Mumbai-based Sea Rock Hotel, for Rs 680 crore. - Indian Hotels plans expansion under Gateway brand Besides, the company said it will demolish the closed Sea Rock Hotel and will redevelop the site. "We will demolish the existing property and set up a world-class one having a convention centre, like the Bruj in Dubai, retail and commercial operations among others," Tata Sons Director and Vice-Chairman of IHCL R K Krishna Kumar said here today. Kumar said the company has all the necessary approvals to start working on the project and the demolition job of the existing structure would start in two weeks. "The entire work should be completed in two to three years time," Kumar said, adding that IHCL was yet to draw up the detailed lay-out in the proposed project. IHCL had raised Rs 1,400 crore through a rights issue which among other sources would fund the acquisition. IHCL has the option to acquire remaining 15 per cent in Elel Hotels and Investments. During the serial bomb blast in Mumbai in 1993, Sea Rock hotel was also affected and since then it remained closed. IHCL owns Taj Land"s End at Bandra in Mumbai, bang opposite to the Sea Rock hotel.


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