Having failed to receive even a lukewarm response to the open tender for marketing India as a tourist destination overseas, the ministry of tourism has decided to extend the deadline by over a fortnight to mid-August.
In a move that impacts long-term subscribers of medical insurance policies, leading insurers like Oriental Insurance Company and United India Insurance have stopped no-claim bonus for existing and new policy holders.
Given the spectrum crunch, it is not clear when the company will get a licence. India is the world's second-fastest growing telecom market and several companies, including Himachal Futuristic, have applied for mobile licences.
Recently, a fund manager with an exposure of $500 million in India, was busy entertaining representatives of a Danish pension fund and a Japanese delegation that were keen to invest in India.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Real estate: Building contractors hike fees as demand booms.
As attrition rates reach unprecedented levels in the retail sector, companies are fighting back with a mix of measures including salary hikes, incentive-based targets, connecting emotionally with staff and even selling them the "American Dream".
Agarwal built Vishal Retail from scratch into a chain of highly lucrative hypermarkets and discount superstores.
Finance ministry officials are of the view that current restrictions that prohibit FDI in multi-brand retail cannot be extended to franchise agreements between an Indian company and an overseas partner.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.
The success of the DLF initial public offer might give more confidence to realty companies.
Confirming the SOX compliance exercise, a senior Bharti group executive, however, denied that the company was considering a foreign listing.
After Anil Ambani's proposed special economic zone and land allotments in Noida, all big-ticket real estate projects are being reviewed by the Mayawati government in Uttar Pradesh.
Realty Bill seeks its forfeiture in case of project delay.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
Dashing the hopes of Jasdev Singh Akoi, one of the two heirs of the iconic Imperial Hotel, the Delhi high court has prevented him from taking over the management of the landmark hotel along with his sister Alape Kaur.
After a year of taking over the airport, the GMR-led Delhi International Airport consortium has initiated the process of commercial property development by inviting bids for building hotels on nearly 40 acres.
Realty major DLF and Bharat Hotels, owners of The Grand group of hotels, are working towards a joint venture for developing and running hotels. While DLF will own the land and be in charge of the actual construction of hotels, the latter will operate
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