Wednesday, February 28, 2007:The foreign
direct investment (FDI) in India is known to be on fast track
thereby bolstering the country’s economy in an amazing way.
The FDI was evaluated to hit the mark of 2.04 billion dollars
in Dec. 2006 as compared to 350 million dollars the last year.
Wednesday, February 28, 2007:
Terex
Vectra, the world's third largest construction equipment
manufacturing company, is planning to invest $ 4 million in new
models, employment recruitment, and bringing improvements in production
standards and taking up the processing at its Noida plant.
Wednesday, February 28, 2007:A hike
in import bills, on an account of shooting up oil prices and trade
deficit should not cause problem as investment inflows and external
trade is riding growth wave, says the Economic Survey on Tuesday.
Tuesday, February 27, 2007:With the
launch of Sahara Care house, Sahara declares its entry into the
global services market for Non resident Indians (NRIs). Currently,
the business has 249 offices spread across 179 Indian cities.
Tuesday, February 27, 2007:The ministry
of Overseas Indian affairs is taking efforts to create a welfare
fund for
Non-resident
Indians (NRIs). Taking a special allocation in 2007
central budget is a step taken by the ministry to initiate the
steps for the concerned.
Tuesday, February 27, 2007:India has
been asked to develop a livelier and diverse manufacturing base
to attract interests from overseas investors. The country also
requires increasing export to ride growth wave in future. The
suggestion has been proposed by Asian Development Bank.
Monday, February 26, 2007:Infrastructure
Kerala Limited (InKel) has raised high hopes for the Non Resident
Indians (NRIs) from Kerala. However, they are feeling a little
skeptical about the success of project.
Friday, February 23, 2007: Was the image
of ‘Global Indian’ same in the era of 70s and 80s
as it is now? Well! The answer is certainly NO. During those times,
an individual having completed his/her bachelors from a top technical
university, went abroad.
Friday, February 23, 2007: The Cabinet
Committee on Economic Affairs (CCEA) cleared a $500 million foreign
direct investment proposal (FDI) by Indonesian based Salim and
Ciputra Group, who have live projects going on in Kolkata.
Friday, February 23, 2007: The Central
Government has recently finalized the semi-conductor policy to
support chip manufacturing in India, Hindustan Semiconductor Manufacturing
Inc. (HSMC).
Thursday, February 22, 2007:There are
over 8,000 Indian professors imparting knowledge in university
campuses across the United States. Most of them are enjoying honorable
status in their respective fields and endeavoring to take international
economy to peak. The list includes the known names like
Amartya
Sen of Harvard University and
Jagdish Bhagwati of
New York's Columbia University.
Thursday, February 22, 2007:Steel Tycoon
L N Mittal is all set to leave his mark once again with
an investment of Rs. 3,300 crore to acquire a 49% stake in
Hindustan
Petroleum Corporation Ltd, India's second largest oil company
(HPCL).
Thursday, February 22, 2007:Indian policy
makers are framing the guidelines to allow Non Resident Indians
(NRIs), foreign firms and individuals to park in local stock markets
by registering with foreign institutional investors.
Tuesday, February 20, 2007:With Africa
all set to make handsome investments in power projects in the
coming years, the Indian Power Transmission Companies are planning
to spread their wings to the continent to bag multi-million dollar
transmission contracts.
Tuesday, February 20, 2007:For the past
few years, there has been an increase in cases of Indian women
falling prey to fraudulent NRI grooms. Seeing the situation becoming
worst, the government has decided to provide such female victims
with financial aid to seek legal and counseling services through
its foreign mission.
Monday, February 19, 2007:Though not
with their motherland, NRIs will always be Indians in spirit.
This is indeed clearly evident by their growing interests to invest
in their state. The example has been set up by non resident Punjabis
who have shown a larger inclination towards their home affairs
than before.
Friday, February 16, 2007:Reserve bank
of India has given its nod to the Non Resident Indians (NRIs)
and Person of Indian Origin (PIOs) for purchasing equity shares
of FourSoft: Quote (Q), News (N), Chart (C), and Financials (F)
under
Portfolio
Investment Scheme (PIS) through
the secondary market in India.
Friday, February 16, 2007:India has
been making progress on a scale, size and pace that is unprecedented
in its own history. Since India is a an energetic democracy, such
an intense debate over Wal Mart’s entry into the country
is taking place, as the debates take place in any other democracy,
says Gutierrez.
Friday, February 16, 2007:The visit
by Italian Prime Minister, Romano Prodi, has taken Indo-Italian
partnership at new high with the signing of 11 MoUs (Memorandum
of Understanding) between Indian and Italian companies on Feb
14. The agreements were signed here in the presence of Mr. Prodi
and the Union Commerce Minister, Kamal Nath.
Thursday, February 15, 2007:Foreign
Direct Investment (FDI) has the potential to put any country’s
economy in high growth orbit. It has provided a boost to incomes
and had an all round beneficial impact on a country’s gross
domestic product (GDP). A hike in amount of FDI in other markets
has brought a dramatic change in the insurance industry as well.
Thursday, February 15, 2007:Overseas
workers are outperforming the locals in UK and emerging as top
choice of the firms there, says data complied by business lobby
group
British Chambers of Commerce (CBI). Most of the
employers in UK give credit to work ethic followed by overseas
employees.
Wednesday, February 14, 2007:Athersone
India Invest (AII), an asset management and business advisory
firm, is looking to raise two funds of $1 billion and
€250
million each for - an infrastructure fund and a real estate fund.
The credit goes to several European pension funds and insurance
companies that are eager to make a substantial presence in Indian
real estate sector and infrastructure
Wednesday, February 14, 2007:With
Gujarat
real estate seeing appreciation quite rapidly and offering great
tourist potential, more and more entrepreneurs from hospitality
sector are settling down for the development of as many as 12
new hotels in different parts of the state. Indeed, these private
investors have already acquired the land for their respective
hotel projects.
Tuesday, February 13, 2007:The immense
business potential of
Pune has already attracted several
potential investors and leading property developers. The city
has certainly undergone a paradigm shift in the wake of real estate
developments and those who visit it after a long time may find
it completely a new location.
Tuesday, February 13, 2007:The known
mobile group
Orange is drawing up plans to look at acquisitions
to make a killing from the red hot mobile market in India, which
is adding five million customers a month. However, the company
seems to be much keen to set a substantial presence in Africa.
Tuesday, February 13, 2007:After City
of Nawabs,
Hyderabad, the real estate boom is now to
visit the port city of
Visakhapatnam. Needless to say,
the real estate is really zooming here in the wake of new developments.
Skyrocketing land prices in
Visakhapatnam go through
the rooftops, surprisingly beyond the reach of the lay man.
Tuesday, February 13, 2007: Close upon
the heels of other sister cities; Kolkata will soon feature its
own exclusive arena for Non Resident Indians (NRIs),
Rosdale
Garden. Designed under the discerning eye of the famous architect,
Stephen Coates of aCta International, the project will be developed
by
Rosadale Developers Private Limited and executed by
Bengal Shrachi Housing Development Limited, (BSHDL).
Monday, February 12, 2007:
Morgan
Stanley Real Estate has invested a whopping amount of Rs
675 cr in Mumbai based Oberoi Constructions for an undisclosed
stake in the largest private equity deal. The list of big names
participated in the bid includes Blackstone, Carlyle and GE, among
others.
Monday, February 12, 2007:The new rule
upheld by London High Court on Feb 2007 to cancel the Immigration
Regulations that came into force on April 13, 2006, has taken
aback all doctors of Indian origin by surprise. The court has
brought some major changes in the existing immigration rules that
made it difficult for them to gain employment in Britain’s
National Health Service.
Monday, February 12, 2007:Bringing fresh
money into the market is of pivotal importance to sustain the
current growth rate of Mutual Funds. Most people feel skeptic
about their investments in the Mutual Funds Market, where it has
been successful in grabbing the attention of lot of potential
foreign investors who are still waiting on the side line.
Thursday, February 08, 2007:
ICICI
Bank’s recent hike in home loans interest rates has
forced everyone to think about the real estate prices. Will they
shoot up or sink down? Such a step seems to have given a way for
the prospects of paying even larger EMIs. Earlier, the banks had
only increased the repayment tenure keeping the EMI fixed in cases
where the extended tenure does not go beyond the borrower’s
retirement age.
Thursday, February 08, 2007: India is
certainly zooming away in the wake of unprecedented growth in
infrastructure, underpinned by ongoing developments in each and
every sector. The time is no far when India will outshine China
and transforming the landscape of the world, says
P. Chidambaram,
Indian Finance Minister.
Wednesday, February 07, 2007: Starwood
Hotels & Resorts Worldwide, a New York based hospitality ownership,
management, and franchis organization is likely to strengthen
their presence in India and Asia Pacific by announcing to sign
a deal with a renowned real estate player, Brigade Group to supervise
Sheraton Bangalore Hotel. The hotel building is expected to come
up in April 2009.
Wednesday, February 07, 2007: IL&FS
Investment Managers (IIML), India's Premier Investment Manager,
is likely to raise funds over $900 million in 2007 to boost its
presence in different sectors including infrastructure, real estate
and hospitality. This known private equity arm of IL&FS is
also in final stages of talks with Trikona Capital, the US based
PE fund to raise a whopping amount of $500 million, spread over
two sector specific capitals.
Tuesday, February 06, 2007: With revenue
shooting up to $413 million thereby marking a hike of 23 per cent
in the last fiscal year, Indian investment banks certainly have
reasons to smile. The credit goes to large contributions from
global
merger and acquisitions (M&A) along with Indian
conglomerates.
Tuesday, February 06, 2007: The media
sector has become a new apple of private equity funds' eye. After
parking in handsome money in
Nimbus and
Eenadu
group by private equity players,
Asianet
Satellite Telecommunications Ltd. is in final stages
of negotiations to strike a deal with PE Equity Partners.
Monday, February 05, 2007: In its efforts
to correct the inflationary trends in the real estate and equity
markets, the
Reserve Bank of India's double-edged sword
aimed at non resident Indians could cause a temporary setback
in
NRE deposits, fear banks.
Friday, February 03, 2007:
ICICI
Bank has taken the extreme step of freezing the
accounts of all Non-Resident Indians who have not submitted documents
required by the bank. Scores of documents were lost by
ICICI
Bank in Mumbai in the floods that swept the city in July
2005. It took ICICI Bank more than a year to identify the customers
whose papers had been lost.
Friday, February 03, 2007:
Best
& Crompton a leading engineering company with
its headquarters in
Chennai, announced its plans to develop
a 2 million sq. ft. IT Park in Ambattur, North Chennai.
Friday, February 02, 2007: Waking up
to the distress of the 30,000 women who have been abandoned by
their husbands post marriage, the Overseas Affairs and the
Woman
and Child Welfare ministries are working on certain measures
which would pre-empt such marriages of ill-intent from occurring.
Friday, February 02, 2007: Indians
at home and abroad have hailed the takeover of the Anglo-Dutch
steel giant
Corus
by
Tata Steel, prompting accolades from across industry.
The jubilation is shared by top NRI industrialists,
Lord Swaraj
Paul,
Caparo group chief,
G.P.Hinduja,
President of the Hinduja group, and NRI steel magnate
L.N.Mittal.
Friday, February 02, 2007: In view
of real estate projects taking at least 2-3 projects to complete,
the
Securities and Exchange Board of India
(SEBI) is considering a move towards enforcing a minimum closing
period of three years for real estate mutual funds (REMFs).
Thursday, February 01, 2007: A proud
moment for India, as the Tatas won the battle to acquire
Corus with a winning
bid of 608 pence a share in London on Wednesday.
Tata
Steel stands fifth in the world's hierarchy
of steel corporations. Interestingly,the Mittal-Arcelor combine
is at No.1.
Thursday, February 01, 2007: A recognition
of India's sound economic policies and financial stability came
from the 'investment grade' rating conferred on it by Standard
and Poor's, the
world's leading provider of
independent credit ratings. Finance ministry officials welcomed
the upgrade while
S&P's credit analyst Ping Chew
said India's consistent economic performance and supportive policies
taken by the government towards
NRI
investment have contributed to this up scaling.
