At least three of the 13 companies under the scanner for dubious land dealings with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) are promoted by politicians. According to highly-placed sources, Bhuviteja Enterprises (India) Pvt Ltd, Prakruthi Infrastructure & Development Company Ltd and Mack Solutions Inc were allotted APIIC land in the Nanakramguda IT Park, in violation of the government agency's rulebook, because of their alleged 'connections' in the government.

The AP Industrial Infrastructure Corporation (APIIC) land scam took a new turn on Tuesday with the special court dealing with Anti- Corruption  Bureau (ACB) cases directing the director general of the bureau to probe the role of three officials and the allotment of land to 13 companies, including the Emaar group, by the state government agency.

The economic recession of 2008 has taught developers some hard lessons. While there are not as many reckless project launches as one saw before, developers insist that products entering the market are end-user oriented.

ICICI Venture Funds Management Company Ltd, the private equity arm of private sector lender ICICI Bank, plans to deploy its $400-million (approximately Rs1,880 crore) India Advantage Fund-III in the next three years, according to its managing director and chief executive officer Vishakha Mulye.

Power generation and construction company, Lanco Infratech  continues to expand on its power portfolio, which keeps adding to their revenues.