Archive for the ‘Investments’ Category
Monday, June 16th, 2008 |
Indian commodity market which expanded by 50 times in a span of 5 years from Rs.66530 crore in 2002 to Rs.3,3753,36 crore in 2007, is now expected to grow at a steady speed of about 30% by 2010 and touch a volume of Rs.74,156,13 crore since people’s participation in such trade would continue, according to findings of the ASSOCHAM.
In 2003, the size of commodities trade stood at Rs.129364 crore which thereby went to Rs.571759 crore in 2004, recording an increase of 341%. In 2005, the growth in commodities trade was by 276% as it went up at Rs.2,155,122 crore. However, in 2006, though the commodities trade increased to Rs.2,739,340 crore, it could register year on year growth of 27% over the last year. For 2007, the trade in commodity reached at Rs.33,753,36 crore and registered a growth of 23%, say the ASSOCHAM findings.
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Monday, June 16th, 2008 |
The foreign direct investment component in the domestic real estate market is likely to be $ 30 billion as against its total size of $ 102 billion in next 10 years as the real estate sector growth will pick up @ more than 30%, according to projections made by The Associated Chambers of Commerce and Industry of India.
At present, the domestic real estate market is expected to be of $ 15 billion in which the foreign direct investment contributions is estimated around $ 6 billion. The bank credit to this sector in 2006-07 has been estimated around Rs. 3,00,000 crore which will multiple substantially in the coming years in view of the growth that the sector has been registering, adds the ASSOCHAM analysis.
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Friday, June 6th, 2008 |
India Inc. lined up investment plans of almost Rs. 92,035 crore in Orissa during Jan-Mar 2008, with Rs. 45,000 crore flowing to steel sector alone, state the readings of ASSOCHAM Investment Meter (AIM).
According to the AIM study on “Statewise Investments”, Orissa topped the chart claiming almost 30 per cent of the total investments announced during the last quarter of 2007-08 totaling to Rs. 3,25,285 crore. West Bengal and Andhra Pradesh followed with the capex announcements of nearly Rs. 67,361 crore and Rs. 58,226 crore.
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Thursday, May 29th, 2008 |
The External Commercial Borrowing (ECB) policy has been modified. At present, borrowers proposing to avail ECB up to USD 20 million for Rupee expenditure for permissible end-uses require prior approval of the Reserve Bank under the Approval Route. It has been decided that, henceforth, borrowers in infrastructure sector may avail ECB up to USD 100 million for Rupee expenditure for permissible end-uses under the Approval Route; in the case of other borrowers, the existing limit of USD 20 million for Rupee expenditure for permissible end-uses under the Approval Route has been enhanced to USD 50 million.
The all-in-cost ceilings in respect of ECB are modified for above LIBOR 6 months. Average Maturity Period from three years and up to five years has been proposed to 200 basis points (bps) from original 150 bps. More than five years is proposed to 350 bps from existing 250 bps. The changes will apply to ECB both under the automatic route and the approval route.
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Wednesday, May 21st, 2008 |
Cuba Invites Indian investments in all major sectors including Oil and Gas, Tourism, Mining and Energy Sector including renewable energy, said Mr. Eduardo Escandell Amador, Deputy Minister Foreign Trade, Cuba at the Business Meeting organized by CII today.
This was the biggest trade delegation from Cuba in recent years. The delegation members came from a wide cross section of industry including Tourism, Textiles, Chemicals, Agri-business, Energy, Oil and Gas, Pharmaceuticals, Logistics, wood and paper industry Automobiles and auto-components and Construction industry.
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Wednesday, May 14th, 2008 |
The outstanding balance of 12.10 % Government Stock, 2008 is repayable at par on June 19, 2008 and no interest will accrue thereon from the said date. In the event of a holiday being declared on June 19, 2008 by any State Government under the Negotiable Instruments Act, 1881, the Loan will be repaid by the paying offices in that State on the previous working day.
As per sub-regulation 24(2) and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate shall be made by a pay order incorporating the relevant particulars of his bank account (more…)
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Monday, April 28th, 2008 |
The exquisite architectural concept of Banyan Tree Corniche Bay is being launched in India by the boutique real estate company Aylesford International from London.
Banyan Tree Corniche Bay is a new Foster + Partners designed residential development situated on the south-west coast of Mauritius. Foster + Partners is headed up by eminent architect, Lord Foster who has received much acclaim for his projects around the world over the last 40 years. His striking architecture in this project creates the ‘future of island living’ by combining indigenous materials with state -of -the art design and technology – culminating in iconic property with sumptuous tropical luxury.
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Thursday, April 24th, 2008 |
The Union Cabinet today gave its approval for Neyveli Lignite Corporation’s 2X500 MW coal based thermal power project at Tuticorin in Joint Venture with Tamil Nadu Electricity Board, at an estimated cost of Rs.4909.54 crore on April, 2007 Price Level (PL) with Interest During Construction (IDC) of Rs.597.33 crore and Foreign Exchange (FE) component of Rs.716.06 crore (equivalent to US $ 169.884 millions).
The Cabinet also approved the formation of the Joint Venture Company of NLC with TNEB by the name of “NLC-Tamil Nadu Power LTd.” as per the Memorandum of Articles (MoA) and Articles of Association (AoA) for setting up of a 1000 MW coal based Thermal Power Project named Tuticorin Thermal Power Project at Tuticorin, Tamil Nadu with share holding of 89% of the equity capital by LNC and 11% by TNEB.
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Thursday, April 24th, 2008 |
Positron Systems, Inc of Boise, Idaho and SRA Systems Limited of Chennai, India have signed an agreement where Positron will license its induced positron analysis technique to SRA and establish a Test Development Centre in Chennai.
The signing ceremony was held at the offices of SRA in Chennai on Friday, April 18. Present were many of SRA’s management staff, their Chairman, Mr. S. Srinivasan, Positrons’ CEO and invited guests from the Indian Society of Non-destructive Testing. The ceremony concluded a successful week of joint sales presentations across India, where Positron application solutions are being welcomed.
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Monday, April 21st, 2008 |
NTPC Ltd. is in the process of formation of a Joint Venture Company (JVC) with BHEL. Memorandum of Understanding, Joint Venture Agreement and a Supplementary Agreement has been signed and Registrar of Companies is being approached for allotting the name of the JV Company.
The JVC would carry out engineering, Procurement & Construction (EPC) contracts for Power Plants and other Infrastructure Projects as well as manufacture and supply equipments for power plants and other infrastructure projects in India and abroad including plant engineering, project management, quality insurance, quality control, procurement, logistics, site management, erection and commissioning services. The JVC shall have an initial authorized and paid up capital of Rs.5 crore equally subscribed by the initial promoters viz. BHEL and NTPC Ltd.
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Thursday, April 17th, 2008 |
Proposal of M/S. Hindustan Coca Cola Holdings Pvt. Ltd. (HCCH) for investment of US$ 52.4 million by their parent company to be used to fund capital expenditure in their subsidiary M/S. Hindustan Coca Cola Beverages Pvt. Ltd. (HCCB) has been approved.
The Cabinet Committee on Economic Affairs today gave its approval to invest US$ 52.4 million (Rs.205.00 crore approximately).
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