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Kerala Govt.'s Rescue Mission for NRIs in UAE
Seeded on Thu Aug 9, 2007 11:36 PM EDT (CNET News.com)
In view of the approaching deadline set by the UAE Government for all illegal foreign workers to acquire a legal status or return to their country, the Kerala Government is putting together plans to help the stranded NRIs return to India.
Life and general insurance policies for NRI in Saudi Arabia
Seeded on Wed Aug 8, 2007 11:22 PM EDT (CNET News.com)
Life Insurance Company of India and New India Assurance, have entered into a joint venture with Al Hokair Group of Saudi Arabia, to start operations in Saudi Arabia.
Fresh Round of FDI Approvals
Seeded on Tue Aug 7, 2007 11:38 PM EDT (CNET News.com)
A fresh round of approvals by the Foreign Investment Promotion Board had the Finance Minister P. Chidambaram approving 17 proposals of foreign direct investment.
Sliding Stocks force Purvankara to revise Price Band
Seeded on Mon Aug 6, 2007 11:59 PM EDT (CNET News.com)
The bear's hug caught Puravankara off-guard last week, forcing the company to revise its price band for its IPO from Rs.500 –Rs.525 to Rs.400-Rs.450 per share.
Kochi hosts Kerala Property Expo
Seeded on Sun Aug 5, 2007 11:45 PM EDT (CNET News.com)
Kochi will host the 3-day Kerala Property Expo from August 3, 2007 where participants would include local and pan-India real estate developers. The event will be inaugurated by S.K.Mitter, Director and Chief Executive of LIC Housing and Finance.
Central Bank IPO opens: Puravankara around the corner
Seeded on Thu Aug 2, 2007 11:29 PM EDT (CNET News.com)
With Initial Public Offerings, the stock markets have become the key medium for India Inc to access capital. There has been a sharp gain of 60% in the market cap of the BSE listed firms over the past one year.
Realty giant Parsvnath to invest USD 4 billion
Seeded on Thu Aug 2, 2007 7:19 AM EDT (CNET News.com)
Premier realty firm Parsvnath Developers Ltd is set to develop their existing land bank over the next five years by investing over USD 4 billion. Launching over 100 real estate projects in all its segments, they aim at developing their saleable land bank of 153 million sq feet.
IVR Prime, Central Bank IPOs Record Excellent Subscriptions
Seeded on Thu Aug 2, 2007 12:53 AM EDT (CNET News.com)
The closing day of its public issue brought success for IVR Prime. It recorded a commendable subscription 5.75 times the offer when its issue closed on July 26.
IVR Prime Goes Public with IPO
Seeded on Tue Jul 24, 2007 11:47 PM EDT (CNET News.com)
Opening today is another IPO from a real estate company, IVR Prime Urban Developers, a subsidiary of IVRCL Infrastructure and Projects.
Property Deals under the Scanner
Seeded on Mon Jul 23, 2007 11:44 PM EDT (CNET News.com)
Property buyers are under the Tax Department's scanner, as real estate transactions peaked in the current financial year. The income tax authorities are zeroing down on investors who have invested in property disproportionate to their income.
17 FDI Proposals Meet FIPB Approval
Seeded on Mon Jul 23, 2007 12:38 AM EDT (CNET News.com)
The Finance Ministry accorded its approval to 17 FDI proposals worth Rs.590 crore. Of the 17 approvals, Quinn Hotels of Sweden has put up the largest investment with Rs 31 3.33 crore.
HDFC Bank Raises Capital through ADS
Seeded on Fri Jul 20, 2007 12:07 AM EDT (CNET News.com)
Looking overseas to raise capital, HDFC Bank Ltd. has generated USD 698 million by selling 6.59 million American Depository Shares on the New York Stock Exchange at USD 92.10 each.
Lanco Diversifies Real Estate Portfolio
Seeded on Wed Jul 18, 2007 11:36 PM EDT (CNET News.com)
Lanco Kondapalli Power will execute two road projects in Karnataka on the Build-Operate-Transfer basis for the National Highways Development Project at a cost of Rs.1006 crore.
DLF, Parsvnath Bid for MCD Tower
Seeded on Wed Jul 18, 2007 12:44 AM EDT (CNET News.com)
Delhi's top developers are in the fray for the management of MCD's proposed civic centre on Jawaharlal Nehru Marg near Connaught Place.
New Entrants in Indian Real Estate
Seeded on Tue Jul 17, 2007 12:09 AM EDT (CNET News.com)
Bangalore's Real Estate Bank International (REBI) has ambitious plans to reach out to overseas markets with an investment of Rs. 250 million.
Omaxe set for IPO on July 17
Seeded on Fri Jul 13, 2007 5:10 AM EDT (CNET News.com)
After DLF and HDIL, it is now the turn of Omaxe Ltd to raise Rs.
Govt. seeks FDI through Investment Windows
Seeded on Thu Jul 12, 2007 6:46 AM EDT (CNET News.com)
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.
DLF Occupies Centrestage on Bourses; Real Estate Stocks Give In
Seeded on Tue Jul 10, 2007 12:30 AM EDT (CNET News.com)
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.
ICICI Raises Interest on NRI Deposits; Lowers Floating Loan Rates
Seeded on Mon Jul 9, 2007 12:02 AM EDT (CNET News.com)
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%. One-year FCNR deposits will fetch 4.68% per annum on US dollars.
Indian Property and Stocks: NRIs seek Investment Opportunities
Seeded on Sat Jul 7, 2007 12:48 AM EDT (CNET News.com)
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).
NRI Remittance: Funds, Deposit, Remit money to India from Overseas
Seeded on Fri Jul 6, 2007 5:15 AM EDT (CNET News.com)
NRI Remittances to India. RBI rules, Remit money, funds or foreign exchange tranfer to India from overseas by Non resident Indians, PIOs abroad.
Games Project Finally with Emaar-MGF
Seeded on Fri Jul 6, 2007 1:39 AM EDT (CNET News.com)
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.
NRI Housing Finance, Home Loan Procedure & Information in India
Seeded on Thu Jul 5, 2007 12:17 AM EDT (CNET News.com)
NRI guide to Financing, Housing, home purchase loan, eligibility, procedure, repayment and information for Non resident Indians living abroad.
NRI Banking: Bank, Saving Accounts, Indian Banking Services in India for Indians Abroad
Seeded on Wed Jul 4, 2007 6:43 AM EDT (CNET News.com)
NRI Bank and Banking Services in India. Personal Banking, Open Accounts, Interest Rates, Exchange rates and rules in India for Indians living abroad.
NRI Repatriation of Income, Immovable Property, Assets, Funds and Earnings
Seeded on Wed Jul 4, 2007 1:25 AM EDT (CNET News.com)
NRI Repatriation Act India, repatriate income, profit, assets, funds, earning and sale proceeds of properties with FAQs for Non resident Indians Abroad
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