Dubai,
which boasts of the world's highest tennis court, may also become
home to the first underwater tennis centre where spectators can watch
games from below or above the sea life through a massive glass dome.
Krzysztof Kotala, a Polish architect who owns a studio in Warsaw, is
currently seeking investment from local players to make the ambitious
project a reality. Interestingly, the proposed location for the
project (arguably one of the world's lowest tennis courts) is just
next door to the highest tennis court atop the Burj al Arab
skyscraper in Dubai. "There is not an investor but I would like
to get interest (from them) as I think it is a good idea,"
Kotala, 30, was quoted as saying by a local magazine. When asked why
he chose Dubai for his project, Kotala said the Gulf city had a rich
tradition of tennis. "This will be something original. This
should be somewhere where there is the tradition of tennis. Dubai is
perfect for this idea," he said. The initial designs of the
project have been completed, but there is a need to find the
potential investors to launch the proposal, he added. Referring to
the Dubai Duty Free Tennis Championships staged here since 1993,
Kotala said the idea had strong commercial potential and would
combine the best of "technology, ecology and sport." The
project is facing challenges in the form of massive engineering and
astronomical costs needed for its fulfilment.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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