The financial meltdown abroad should serve as a lesson for the investor. Save well for troubled times.
Most investments by Indian corporate houses in the overseas market is through countries that have either low tax rates or allow tax-free remittance of income. Much of the outward foreign direct investment (FDI) by India Inc done between April and December 2007 was directed to Singapore, the Netherlands and British Virgin Islands (BVI), according to the latest Reserve Bank of India data. RBI said the actual outward FDI in April-December 2007 grew 13 per cent at $10.11 billion.
Among its suggestions to the finance ministry, RBI has also said the government should classify private equity under a separate category of foreign investment, or create sub-limits within foreign direct investment or investments by foreign institutional investors.
The Indian auto major will have 51 per cent in the JV, Mahindra Yueda Yancheng Tractor, with the rest held by the Chinese partner. M&M, which already has a presence in the Chinese tractor market through Mahindra China Tractor Co after acquiring 80 per cent stake in Jiangling Tractors in 2004, will now become the third largest tractor maker in the world after John Deere and New Holland.
The forces, especially those involved in counter insurgency and anti-Naxal operations besides those guarding the border heaved a sigh of relief after the Centre recently accepted their demand of restoring the old pension scheme with retrospective effect. Five years ago, the government had framed rules which did not entitle jawans recruited in central police forces after 2004, to pension benefits.
There is little evidence that investments are picking up in the private sector or in infrastructure, says Abheek Barua
The claim by Maharashtra's Anti-Terrorism Squad about presence of RDX in the 2007 Samjhauta train blast has flummoxed investigators, who probed the attack, as forensic analysis had shown no signs of the deadly explosive being used in the terror strike that left 68 people dead.
Adrian Levy , co-author of the recently-published Deception- Pakistan, the United States and the Global Nuclear Weapons Conspiracy, told rediff.com in an exclusive interview that an honest investigation into the assassination of former Pakistan Prime Minister Benazir Bhutto may reveal the hand of the country's military behind it.
The body of Mustafa Rashidi, prime accused in the bomb blast at the Hindu Munnani office at Chinthadripet in 1995, which was lying in the government general hospital mortuary for the past 12 years, was handed over to the police on Tuesday night.
In fact, almost every fourth demat account with NSDL and CDSL is now frozen. Investors were required to provide PAN card details for opening demat accounts from April 2006.
Fiona Mackeown, mother of slain British teenager Scarlett Eden Keeling, said on Saturday that she would meet Goa Chief Minister Digamber Kamat and seek clarifications on why the Central Bureau of Investigation's probe into her daughter's death was being delayed. Scarlett was allegedly drugged, raped and left to die on Anjuna beach in February. Fiona, who had gone to UK with Scarlett's body on March 30, arrived in Panaji today evening to follow up the investigation.
General Motors announced it will launch its new mini compact global car in 2010. It also announced that it would launch the Chevy Volt -- its first electric car, in the Indian market next year. But it ruled out an entry into the Rs 1 lakh car segment. The company is also looking at India as an export base in the coming years as it increases the capacity of the newly commissioned car and engine plant in Maharashtra from 140,000 to 300,000 vehicles.
Mainly for these reasons gold is at an all-time high and has expectedly caught the fancy of investors. As equity markets turn more volatile, investors are venturing into assets like gold for that extra return. The moot point is; are they investing in gold for the right reasons? For investors oblivious to how asset cycles work, rising gold prices look like an opportunity to make easy money.
In Jayashree Gadkar's sad demise we have lost a great actress, a gem of a person who always thought of others and who loved Marathi movies.
For instance, in early December, SBI was offering 10.5 per cent on a 1,000-day FD. This was lowered to 10 per cent in mid-December. A fortnight later, in January, the bank is offering only 9 per cent for the same tenure. For investors, who missed the bus in October and November, this is certainly bad news. However, all isn't lost. There are some segments still where the rates on offer still look interesting.
Singh, who was also assisting in the recent case involving former Uttar Pradesh chief secretary Akhand Pratap Singh, was described as a brilliant investigating officer by his seniors
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
The new entity will continue to work on technologies in areas like healthcare and education, while also looking at next-gen competencies like artificial intelligence, Blockchain, virtual and augmented reality, among others.
Venture capitalists (VCs) invested around $928 million (around Rs 3,700 crore) in 80 India-based firms during 2007 -- a 166 per cent increase over the $349 million invested in 36 deals in 2006 --, according to the latest quarterly India Venture Capital report published by Dow Jones VentureSource.
The British government will soon request its Indian counterpart to hand over the investigation into the murder of a Goa-bound British tourist in Maharashtra to the Central Bureau of Investigation, a Guardian report says.
Fresh investments through participatory notes (P-notes) are flowing into the cash market in huge quantum. The rush of investments is because foreign institutional investors (FIIs) have enough headroom to invest through P-notes.
The government on Wednesday approved ten foreign direct investment proposals with a total inflow of Rs 2,339 crore (Rs 23.39 billion), including investment banker Morgan Stanley's plan to pump in Rs 1,894 crore (Rs 18.94 billion) in the country.
Many view private equity-related funds as a better way of capturing the upside in the economy, given that stock market valuations have been swollen by three to four years of almost uninterrupted share price rises.
Tata Steel, the world's sixth-largest steel maker, is looking to acquire Brazilian iron ore assets of the United Kingdom-based London Mining, which will help ensure raw material supply for its Anglo-Dutch subsidiary, Corus. The valuation of the asset is yet to be completed, but analysts said that it would be in the range of $2 billion.
However, financial experts are of the view that though REMFs are good for those who want to participate in the property boom, investors should not look at them as equity funds.
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.
He told global investors that the Indian market was vibrant and regulations were in place -- a comment possibly aimed at soothing foreign institutional investors.
A shy man, he rarely features in the society glossies, drives himself to work in a Tata car and has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district.
The state-of-the-art township will have movie studios, theme park, hotels, movie museum and shopping malls. The agreement was singed in Los Angeles during Maharashtra Chief Minister Vilasrao Deshmukh's visit to New York on Tuesday.
Mukherjee said India's position has always been that the solution has to be found 'through dialogue, discussion and negotiations.'
The government on Thursday appointed PSU mutual funds UTI MF and SBI MF as managers of the corpus lying with postal and rural life insurance entities, a move that could lead to investment of the sum into the booming capital market.
Dispelling rumours about reduced hiring due to the sub-prime crisis, investment banks were once again the most preferred recruiters at the Indian Institutes of Management. At IIM Ahmedabad, 35.9 per cent of the students opted to take up their two-month internships with I-Banks, whereas 19 per cent of students took up the same at IIM Bangalore.
Experts say this is a landmark deal that tackles a long-pending issue and will boost Russian investment in India's energy, minerals and defence sectors. The debt, accumulated over several years till April 15, 2007, is parked with the Reserve Bank of India. Explaining the agreement, Indian officials said a Russian company planning to invest in India would deposit rouble funds equivalent to their proposed investment with the Russian central bank.
Adequate tax planning in the first week of the financial year can help you reap rich rewards. Investors can consider the following investments for 2008-09. Public provident fund - a 15-year scheme, where you can invest up to Rs 70,000 each year, for deduction under section 80C. Equity linked saving schemes is also exempted under section 80C. Five year fixed deposits too are profitable options. A shortfall in the number of installments would lead to increase in tax liability.
Noting that there was a lack of coordination between the various states in tackling terrorism, the Centre will soon convene a meeting of chief ministers to discuss setting up of a special agency to investigate federal crimes. The move comes in the wake of the recent blasts in Hyderabad, Ajmer and Ludhiana where the security machinery was examining inter-state links to get to the bottom of the incidents.
LVMH, which has brands like Christian Dior, Fendi, TAG Heuer and Dom Perignon in its stable, is planning to float a 1 billion private equity fund for emerging markets in Asia, of which 40-50 per cent will be dedicated to India.
The Centre for Advanced Management and Power Studies invites applications for its MBA Programme in Power Management at the National Power Training Institute, Faridabad.
While a value investor will purchase stocks and hold, another method of making most of the situation is through Systematic Investor Plans of mutual funds
The 30-year-old paceman is a doubt after rolling his ankle in training on Thursday.
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