Monday, April 30, 2007:The norms for having non-resident Indians on the roll-call of newspapers and news and current affairs publications registered under Section 4A of the Companies Act have been slightly relaxed by the Ministry of Information and Broadcasting.
Monday, April 30, 2007:Currencies Direct, the London based organisation which offers international payment services and commercial foreign exchange, puts India as the 5th most favourite destination for overseas property investors.
Monday, April 30, 2007:Lakshmi Mittal, amongst India’s most celebrated NRIs, retained his number one slot in UK’s
annual rich list, for the 3rd consecutive year. His personal
wealth went up by 29% after the historic deal he struck with
Arcelor SA in 2006.
Friday, April 27, 2007:Experts are expecting a slew of measures to control inflation further and the steps taken by the RBI so far have improved market sentiment to a large extent.
Friday, April 27, 2007: Are Indian students abroad being discriminated against? Embittered by the motives of the powers–that-be at the Central Queensland University in Melbourne, international students, largely Indian, took to protests last month.
Friday, April 27, 2007: From under USD 500 billion in 2000-01, India has joined the ranks
of the world’s top 10 economic powerhouses with a trillion
dollar economy.
Thursday, April 26, 2007: H-1Bvisas issued by the United States Citizenship and Immigration Services permit foreign born professionals to work legally in the US for a maximum of 6 years.
Thursday, April 26, 2007: Real estate stocks of major players Ansals, Mahindra Gesco, Parsvnath,
Sobha and DS Kulkarni moved up by 4 to 9% in response to the
RBI’s decision to ease the risk weightage .
Thursday, April 26, 2007: Steel magnate Lakshmi Mittal’s buyout of 50% in Lukoil’s stake
in a Kazakhstan oil company for USD 980 million (Rs. 4000 crore)
is a significant acquisition made by an NRI investment abroad.
Wednesday, April 25, 2007: The Reserve Bank of India (RBI) does not bring any changes in its key signaling rates in its annual policy statement for 2007-08.
The apex bank seems to pave the way for more foreign exchange outflows and restricts the inflow to cut inflation.
Tuesday, April 24, 2007: For the past one year, Kerala banks have been witnessing a marked increase in NRI deposits, which is estimated to have grown from Rs. 288 billion in December 2005 to Rs. 329 billion, constituting 38.42% of all deposits in Kerala banks.
Tuesday, April 24, 2007: US based Royal Indian Raj International Corporation is drawing plans to invest a whopping $1 billion in the construction of integrated townships, multiple, private, planned cities in India.
Monday, April 23, 2007: Bihar and Mauritius share a number of similarities. Showing gratitude
regarding the outstanding contributions made by Biharis to
build the nation, Mauritius is soon to observe a ‘Bihar Day’.
Monday, April 23, 2007: A seminar shedding a considerable light on significant topics like NRI investments, investments by NRIs and foreign players etc. had recently been organized by the Northern India Regional Council of Institute of Chartered Accountants of India.
Monday, April 23, 2007: A significant drop can be apparently seen in property prices which is further a consequence of falling demand. Also, the bank finance is drying up and the market for real estate IPOs seem to have lost its potential.
Friday, April 20, 2007: A number of villages across Punjab are receiving economic contributions from NRIs. Indeed, the developments brought by these people are really admirable.
Friday, April 20, 2007: Kerala plans to visit Middle East next month to se
arch for prospective investors who can help estab
lish industries
in the state.
Friday, April 20, 2007: UAE based Chhaabrias group of The Jumbo Group has decided to take the retail route to re-carve a substantial presence in Indian business market.
Thursday, April 19, 2007: The family of Indian professor G.V. Loganathan, who was among the 33 killed in a gory shooting spree at Virginia Tech University campus, has been issued the passports and visas for their US visit to attend his funeral rites.
The value of dollar is constantly falling against Euro and most currencies in Asia. Although, the Gulf countries will meet to decide whether to ..
No country in the last couple of years in the Asia Pacific region has witnessed such an amazing growth in real estate stocks as it has been shown by INDIA.
Tuesday, April 17, 2007:
The death of Devang Rawal, who was killed by a mob during a
protest over an Indian firm’s plans to slash about a
third of Mabira Forest Reserve, have frightened the Indians
in the Ugandan capital...
Tuesday, April 17, 2007:
The death of Devang Rawal, who was killed by a mob during a protest over an Indian firm’s plans to slash about a third of Mabira Forest Reserve, have frightened the Indians in the Ugandan capital...
Monday, April 16, 2007: Jalandhar real estate has got a booster dose with the ongoing construction activities, which are taking place at a hectic pace. The market in Jalandhar is offering a large scope for property developers to develop a substantial presence for themselves.
Indian real estate is no doubt attracting large interests, especially from United Arab Emirates (UAE). In one of the real estate fairs held in the Capital, eight UAE based property developers display their properties and also checked several investment options.
A Vancouver based company, Royal Indian Raj International Corporation (RIJIC), is all set to make a whopping $4 billion on creating 15,000 budget hotel rooms across India.
Indians are making large investments in high end property in London and outside it as well. A multitude of Indian companies are establishing offices in London to make hard cash on its geographical and financial advantages.
The RBI has shown great anxiety over volatility of short term capital inflows. The move comes as a response to the ongoing debate on foreign investment in Indian property market.
There is a definite surge of NRI investments in Indian stock market. At times, they may get worried; each time the Indian stock indices take a plunge. However, this is a common scenario for them.
The Hindu community in UK has got the right to seek a judicial
review of a city council’s refusal to allow open air cremation.
The move may get community the rights to stage outdoor cremation
on funeral pyre.
With an aim to carve out a substantial niche in Indian real estate, Hong Kong based $2 billion JB Group plans to establish around 20 hotels and shopping arcades in the country over the next three years.
A leading NRI, Sunand Prasad, is going to be the next head of the prestigious Royal Institute of British Architects.
Mr. Prasad would be the first Asian to accomplish the distinction.
According to a newly proposed immigration draft by White House, the legal immigrants in the United States will not be allowed to sponsor their relatives to join them in the country.
Bahrain Based Non Resident Indians (NRIs) will not need intervention
of any middle man to manage their investments in Indian markets.
In an effort to control the surging inflation, the Reserve bank
of India (RBI) increased the interest rates. This created a tense
situation for the Indian Stock Market as it plummeted by over
600 points.
Ludhiana, a known city in Punjab is zooming away in the wake of
growing construction activities and increasing real estate developers.
The city is seeing money rolling in from a number of builders
including the prominent names like DLF, Aerens and Omaxe.
India has decided to take up NRI Doctors issue with Britain. Also,
the country has promised to provide all the possible help in finding
appropriate jobs to the medicos who could be affected by the new
immigration rules.
Al Fajer Information and services, a leading organizer of international
exhibitions in Dubai, is soon coming up with Asia’s First Real
Estate show.
Indian Missions Overseas would have to comply with the provisions
mentioned in Right to Information Act, says the Central Information
Commission (CIC).
The commercial capital of India, Mumbai, is on its way to become
a truly global financial hub by 2020. Work is in progress to improve
infrastructure of the entire city.
Private Equity is expected to take over from equity and debt as
one of the most sought after avenues to raise funds for construction
companies against fluctuating equity market conditions and increasing
interest rates.
Bank of Baroda cuts down its interest rates on dollar and rupee
dominated NRI deposits from March 03, 2007.
The cabinet minister’s nod to establish a special university for
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
has brought a great solace for Indian Diaspora.
India is all prepared to sign a labour pact with Kuwait after
the Minister for Overseas Indian Affairs Vayalar Ravi will pay
a visit to the country from April 8.
Trinidad & Tobago’s High Court is pondering over whether to allow
the country’s former Indian origin prime minister Basedo Panday
to take up his duties as MP again.
A UK based real estate developer is planning to make an investment
of 250 million pounds in India’s fast flourishing property market
over the next five years.
Shopping enthusiasts will experience a complete new experience
in India according to their fine taste of the good life. Thanks
to the luxury malls that have lined up to come up soon in the
country.
An increase in remittances in India has helped the country to
reduce its current account deficit for the third quarter of 2007.
Current account measures the quantum of both trade and services
that India has with the other countries.
