July 2007 | Top Stories
Govt. seeks FDI through Investment Windows
Wednesday, July 11, 2007 :The Government has chalked out an aggressive plan to woo foreign direct investment in India in order to realize its target of 9% growth in the 11th Plan. The Government is considering a joint venture with the private sector to establish investment promotion centres in India and 10 countries.
Seeking Foreign Investment for Mumbai’s Makeover
Wednesday, July 11, 2007 : The Remaking of Mumbai Federation (RoMF) has estimated an expenditure of Rs.20, 000 crore to rebuild India’s financial capital, and hopes to draw from overseas investors and partnerships to fund its makeover plans.
NRI Banking and Insurance Schemes Launched Overseas
Wednesday, July 11, 2007 : A bouquet of banking and insurance schemes awaits non-resident Indians from Indian and foreign finance companies. This includes insurance schemes from ICICI Prudential and NRI banking products from Barclays of the UK.
Omaxe set for IPO on July 17
Wednesday, July 11, 2007 : After DLF and HDIL, it is now the turn of Omaxe
Ltd to raise Rs. 550 crore through its initial public offering which opens
on July 17, and closes on July 20, 2007.
Opt for a Realty Career
Saturday, July 07, 2007 : Real estate as a career option is gaining ground, and Indian institutions are drafting specialized courses for the realty sector.
Mission to Acquaint NRI Students with Roots
Saturday, July 07, 2007 : The University of Pune has interesting plans for non-resident Indian students who wish to explore their roots. NRI Maharashtrians in particular are being targeted by this unique culture acquaintance scheme, which is expected to be launched in January 2008.
ICICI Raises Interest on NRI Deposits; Lowers Floating Loan Rates
Saturday, July 07, 2007 : Interest rates on NRI deposits have been raised by ICICI Bank with effect from July1, 2007. As per the changes, NRE fixed deposits for one-year have increased by 0.16%, to touch 5.43%.
Indian Property and Stocks: NRIs seek Investment Opportunities
Friday, July 06, 2007 : Ever since the Overseas Indian Facilitation Centre was launched last month, queries from NRIs on investment in real estate and the stock markets have poured in, reports the Confederation of Indian Industry (CII).
DLF Occupies Centrestage on Bourses; Real Estate Stocks Give In
Friday, July 06, 2007 : DLF Ltd hogged the limelight on its first day at the bourses as it traded at Rs. 582.5 per share on the BSE, 11% over its issue price. The developer has been in the news with its IPO raising USD 2.25 billion last month.
Fresh Surge of FDI
Friday, July 06, 2007 : A whopping Rs.2,339 crore will come by way of foreign direct investment (FDI), with the Finance Ministry agreeing to 10 proposals recommended by the Foreign Investment Promotion Board.
SBI and ICICI Bank Wait for US License
Friday, July 06, 2007 : The US Federal Reserve is expected to approve the proposals submitted by the ICICI Bank and the State Bank of India to open branches in the US. The process is reportedly in its final stages, and the approval is expected in a month’s time.
Games Project Finally with Emaar-MGF
Thursday, July 05, 2007 : Relief and jubilation prevailed in the Emaar-MGF camp as the 2010 Commonwealth Games village project finally came its way early this week, with the last of the contentious issues with the Delhi Development Authority finally being resolved.
Unitech Launches “Grande”; Plans REIT to Fund Real Estate Projects
Thursday, July 05, 2007 :Unitech is making waves with the launch of its “Grande” residential township on the Noida-Greater Noida Expressway stretching 340 acres.
