Tata Consultancy Services (TCS), India’s leading software exporter, pronounced that it has reserved a capital expenditure plan of One thousand nine hundred crore rupees for the existing fiscal (2008-09).
In an pronouncement, the company said that the capex is 35.7% higher than the last year’s capex of Rs 14 billion.
Mr. S Mahalingam, Chief Financial Officer and [...]
By Rajani
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Posted in Real Estate News
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Tagged Capex, Capital Expenditure, Chief Financial Officer, Developing Technology, Hyderabad, Infrastructure, Kolkata, S Mahalingam, Sub Prime Crisis, Tata Consultancy Services, Tcs, Tier 1, Tier 2
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After putting up 24 multiplex screens across cities like Vadodara, Kolkata, Mumbai and Goa in the last 6 yrs, the company has been silently signing up properties in Burdwan Rajarhat, Panditya Road, Haldia, Howrah, Jessore Road Asansol and even Siliguri to throw open multiplexes.
The total investment is estimated to be over one hundred crores rupees. [...]
By manish
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Posted in Real Estate News
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Tagged Asansol, Bengal Ambuja, Calcutta, Ccpl, Eastern India, Eastern Sector, Goa, Hyderabad, Inox Leisure, Jessore Road, Kolkata, Mangalore
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Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province.
This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and acquisition [...]
By Rajani
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Posted in Real Estate News
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Tagged Acquisition, Beijing, China, Guangdong Province, Guangzhou, india, Investment, Investments, Mic, Private Real Estate, Property Investment, Real Estate Fund, Retail Development, Singapore, Stake., Technology, Temasek Holdings
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As property prices continue their downward spiral in Britain, investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.
Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller numbers [...]
By Rajani
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Posted in Real Estate News
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Tagged Chandigarh, Exhibitions In London, Foreign Investment, Gujarat, Gurgaon, Indian Economy, Indian Government, Investing In India, Investment Funds, Investors, London, London Property, Mortgage Lenders, Property Investors
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Bhuwalka Steel Industries Ltd and Soul Space Realty Ltd have signed a joint development agreement to unlock the value of the steel company’s land in Bangalore after it decided to relocate its TMT Mill to Bellary. Soul Space Ltd is a member of a leading real estate developer, B.L. Kashyap Group. The agreement envisages that [...]
The real estate sector in Dubai is being driven mainly by overseas investment, with individuals and companies from other countries consist of 60-70 % of the buyers of freehold units.
2 out of 3 of all the new freehold properties in the emirate are bought by overseas companies or persons who live outside the country, says [...]
By manish
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Posted in Real Estate News
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Tagged Emirate, Foreign Investment, Freehold Properties, Investing In Bonds, Mag Group, Overseas Investment, Pakistan India, Property Developers, Property Projects, Real Estate Sector, South Korea, Uae Nationals
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Realty firm Omaxe on 26th may reported consolidate net profit of around four hundred ninety five crore rupees for the year ended 31 Mar 08, a more than two-fold jump over the preceding year.
The company had recorded a consolidated net profit of around two hundred forty four crore rupees in the earlier fiscal, Omaxe said [...]
Infrastructure firm Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving the way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP.
The latter will bring to the table Rs 200 crore through [...]
By Rajani
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Posted in Real Estate News
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Tagged Acquisition Targets, Construction Company, Cyberabad, Divestment, Expressways, FDI, Foreign Direct Investment, Infrastructure Companies, Infrastructure Firm, Joint Ventures, Laning, Roadways, South Corridor, Special Purpose Vehicle, Spv, Wealth Management Firm
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India and China, the world’s two fastest growing economies, leads the list of best places for investment and development, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities, a latest report says.
According to global consultancy Grant Thornton’s International Business Report 2008 on rising global Markets, China, India and Russia have [...]
By manish
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Posted in Real Estate News
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Tagged Brics, Developing Economies, G7, GDP, Global Economies, Global Markets, india, Infrastructure Development, International Business, Investment India, Iran Pakistan, Labour Force, Trade, Trade Opportunities
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Real estate firm Omaxe Ltd said on Monday that it has raised 1 billion rupees through private placement of debentures to LIC Mutual Fund.
The company also said that it is planning to acquire companies overseas, including in the United Arab Emirates.
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