NRI Top Stories, News – May 2007
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Quantum Jump in Indian Equity Investment
Private equity investments in India have surged by 100% during January to March 2007. As against $1.7 billion in the 1st quarter of 2006, the figure stands at $2.5 billion as on 31st March , 2007.
JP Morgan Launches Maiden Equity Fund in India
The JP Morgan India Equity Fund was launched by JP Morgan Investment Management Inc. as an open ended Growth Scheme on 19th April, 2007.
Partnership
Prospects for Indian & British
Legal Firms
Britain’s Constitutional and Legal Affairs Minister Catherine Ashton, who is on a visit to India has suggested the investment in partnership between Indian and British lawyers to garner international contracts.
FDI in Real Estate Propels Indian Market
Wednesday, May 02, 2007:Valued at $14 billion currently, the Indian real estate market has grown by leaps and bounds over the last two years. As the government opened its doors to FDI in real estate in 2005, investor interest in the property market in India grew.
New RBI Guidelines for Priority Sector Loans
Wednesday, May 02, 2007:Direct finance to corporate bodies for agriculture and related activities has been hiked from Rs. 20 lakh to Rs. 1 crore, under the priority sector lending category as per the RBI’s latest announcement on May 1, 2007.
Jaish Investing in Indian Real Estate Market, Reports US
Wednesday, May 02, 2007:India’s worst fears have been confirmed
by the US government’s annual report on global terror. The “Country Report on Terrorism” reveals
the modus operandi of the terrorist outfit Jaish-e-Mohammed
to raise funds for its militant activities in India.
NRIs Invest USD 1 Million in Techno Project
Tuesday, May 01, 2007:NRI investor backed project MobME has won support from President Abdul Kalam who has promised to take forward the ideas of its promoters to the Kerala Chief Minister and other state officials.
NRI Event at Connecticut Honours Achievers
Tuesday, May 01, 2007:The first anniversary of the Connecticut Chapter of the Global Organisation of People of Indian Origin (GOPIO-CT) was celebrated in Stamford on 22nd April, 2007.
NRI Appointed Kennedy Center Director
Tuesday, May 01, 2007:The Robert F. Kennedy Memorial Center for Human Rights has appointed Non Resident Indian Monika Kalra Verma as its new director.
Photo: Children on the streets of Kolkata, India by Vyacheslav Argenberg, licensed under CC BY 4.0, via Wikimedia Commons.
