December 2006 News
Demand for Overseas Indian Citizenship Cards Rising
Wednesday, December 27, 2006: Launched
in January 2006, the Overseas Indian Citizenship card scheme has
turned out to be a great success which is clearly evident by the
rising demand for OCI cards. OCI scheme has been announced at the
Pravasi
Bhartiya Divas 2006. Since then, around 90,000 cards have been
issued till date, says Vayalar Ravi, Minister of Overseas Indian
Affairs.
Govt
to Come Up With More Consulates for NRIs
Thursday, December 21, 2006: Government is alls
et to work on its big plans to open new consulates and missions
in countries where the populace of Non Resident Indians (NRIs) has
crossed half a million, say Vayalar Ravi, Union minister for overseas
Indian affairs.
Gulf
NRIs ‘Cashing In’ Wealth Gains
Thursday, December 21, 2006 :The image
of well-off NRI in Gulf Countries is poised to get a puffy boost
with the facts revealing that they are growing up financially at
the rate of 20 per cent per annum, says Suresh Kumar, Chief Executive
Officer of Emirates Financial Services, a Dubai based investment
bank and fund manager.
NRI Gets Hold of 50% in Unitech’s Overseas Investment Arm
Monday, December 18, 2006 :Indonesian-based NRI, Prasoon Mukherjee has acquired 50% stake in Unitech Corporate Parks, an overseas investment arm of Unitech Ltd which earlier raised £360 million on London Stock Exchange’s junior venue, the alternative investment market (AIM).
NRIs Line Up To Acquire Gujarat Real Estate
Friday, December 15, 2006 :A mad rush can be seen among Non Resident Gujarati (NRG) to earmark a portion of their investment portfolio in Gujrat’s real estate and earn competitive returns on the deals. They are not willing to let a single opportunity to grab chunk of whether commercial or residential property slip out of their hand.
Caparo Group to Establish a Substantial Presence in India
Wednesday, December 13, 2006 :The renowned Caparo Group is planning to spread its wings to India to expand its operations from current five percent to around one third of the total business, says NRI industrialist Lord Swraj Paul, Chairman of the Caparo Group.
LN Mittal Gets Hold of 3.3% in Indiabulls Realty Arm
Friday, December 1, 2006 :Lakshmi Narayan Mittal, who lords over the world’s largest steel empire, is all set to establish a substantial presence in Red hot Indian real estate. Mittal gets hold of 3.3% in Indiabulls Infrastructure Development out of 13.3% stakes to be pick by Farallon Capital – a Mittal and US Hegde Fund unveils.
