Muthoot Finance NCD: Issue to open on March 2, 2012

Gold loan company, Muthoot Finance Ltd, will launch another NCD (Non Convertible Debenture) issue on March 2, 2012. Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said, ''Our company will look at mobilising Rs. 500 crore primarily from retail in…

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Real Estate Players Want Industry Status in Budget, 2012-13

India’s property consultants and real estate developers have demanded industry status to the real estate sector in the forthcoming Budget, 2012 - 13. They have also sought incentives to promote affordable housing segment and  an increase in the income tax exemption on housi…

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$ 1,500 Crore Investment: China plans world's largest airport

China is planning to build the world's largest airport at a cost of about $ 1,500 crore. Which will replace America's Hartsfield Jackson Atlanta International Airport as the largest air port in the world. China is to build a new airport, which is likely to be the w…

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MF Investor Awareness Program, 5th March 2012

Mutual Fund Investor Awareness Program on Monday the 5th March 2012 at Pethachi Auditorium, Mylapore between 5.30 pm to 8.45 pm followed by Dinner. Mr. V. Ramesh, Deputy CEO of Association of Mutual Funds in India (AMFI) will be the Chief Guest, Mr. T. P. Raman, Managing Di…

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DLF: Special concession for Govt staff

India's largest real estate company DLF Ltd has announced a special concession scheme for government and defence staff purchasing residential units in its projects,  Discounts 3 to 5%. According to a press release from the developer, The discounts range from 3 to 5% on…

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Paramount Group: Launches Golfforeste in Greater Noida

Realty company Paramount group has announced the launch of its new project named ‘Golfforeste’ in Greater Noida. The project is coming up in an area of about 100 acre comprising luxurious villas and fully furnished (optional) studio apartments as well as 2 and 3 BHK flats.…

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Carbon Index : BSE Greenex launched

The Bombay Stock Exchange (BSE) on recently launched first ever live carbon index called BSE - Greenex. BSE an alliance with gTrade (supported by GIZ promoted by Germany, Observer Research Foundation and IIM Ahmadabad) launched the new initiative, which is designed specifica…

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Budget 2012-2013: Cement makers demand

Indian cement makers have requested the central government to bring to an end the existing anomaly, where duty on import of inputs is higher than on finished product, in the forthcoming Budget,  2012-2013. Ms. Vinita Singhania, MD, JK Lakshmi Cement said, "The central g…

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2012-13 Budget : NAREDCO's wish list

The apex national body for real estate development, National Real Estate Development Council (NAREDCO), has put its recommendations - ‘pre- budget memorandum 2012-13', for inclusion in the Budget 2012 with a series of measure to accelerate housing development in India. …

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Generating spam mails: India tops

India, retains its leadership in the list of top spam originating countries in the world with a share of 11.5%. The first 6  spam hubs in Russian anti-virus solutions firm Kaspersky's latest report for January, 2012 are from Asia and Latin America, followed by Italy and …

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Edelweiss Tokio Life : Two term plans

Edelweiss Tokio Life has launched two life plans namely, Edelweiss Tokio Life  Protection, Edelweiss Tokio Life Income Replacement. These are term plans. So the plans only pay death cover or sum assured chosen by you to your beneficiary. Protection is a simple term plan. I…

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Kokilam Foundations: New project in Guduvancheri

Kokilam Foundations, Adithyaa offers an exceptional  living environment at Madambakkam , Guduvancheri. In around 2,600 square feet  DTCP approved plot facing towards Northern side , Adithyaa is being Constructed  with the necessary planning permission(building plan approval…

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Vasathi Housing: Strengthens its top team

Vasathi Housing Limited, an ISO 9001:2008 certified real estate firm dedicated to be a key player in India’s ‘Affordable Luxury Housing’ segment recently announced the appointments of Mr. Suresh Madabushi & Ms. Rajlakshmi Raghavan as Vice President- Sales and General Ma…

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Godrej Properties: New project Palm Grove in in Chembarambakkam

Godrej Properties project “Godrej Palm Grove”  located in Chembarambakkam (Near Poonamalle), a residential gated community. Godrej Palm Grove is a perfect blend of luxury and space. Leisurely spread across 12.5 acres, it offers 2 B H K and 3 B H K flats with ultra modern am…

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Arun Excello Infra : New Project Compact Homes in Oragadam

“Compact Homes” is new concept in housing introduced by Arun Excello group. It is a small format, functional units with efficient design and crisp elevation with no frills attached. Arun Excello Infra Project Private Limited, after the successful launch of the 3 Projects i…

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Home loans for pensioners: CBI & Tata Housing Agreement

State owned Central Bank of India (CBI) on recently signed an agreement with Tata Housing to offer a special home loan product exclusively designed for pensioners. Mr.R. Sangapure, GM,Central Bank of India said,  “We have signed an agreement with Tata Housing for our newly …

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2012 : Will property prices increase in India?

Despite the fact that developers have not registered healthy sales growth in 3rd quarter of 2011-12 thanks to the ever increasing demand, there is a lack of total gloom in the real estate market though it can't be called euphoric. Nationwide survey..! A nationwide surve…

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Motilal Oswal MF : Gold ETF with physical delivery

FOR the first time Indian retail investors in Gold ETFs (Exchange Traded Fund) will get a chance to take physical delivery. Motilal Oswal Mutual Fund, which launched its Gold based ETF on recently, will allow investors to take physical delivery in minimum 10 gm bars, a first…

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Top 10 most expensive office markets: No Indian city

According to an annual report by property advisory Cushman &  Wakefield (C & W ), No Indian city figures among the top ten most expensive office space markets for the first time in 6 years. The listing is based on rental rankings. Mumbai's Nariman Point is the 1…

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2012 : Salary increments may fall to 11.9%

According to HR consulting company Aon Hewitt’s annual salary increase survey, employees in India are expected to get an average salary increment of 11.9% this year (2012), compared with a 12.6% hike in 2011. Organisations across sectors are expected to pay double digit sala…

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Cee Dee Yes Infra : Launches gated township at OMR, Chennai

Chennai based Cee Dee Yes Infrastructure Development, which had promoted several residential projects as well as IT parks, has recently unveiled its most ambitious self-contained and fully integrated gated residential township project called Chennai Pattinam off Tiruporur o…

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Residential projects along expressways: Central Govt may allow

The highways ministry is considering to link the development of capital intensive expressway projects with real estate development in their vicinity. The ministry has mooted the proposal to allow residential & commercial complexes to come up close to the expressway alig…

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Financial Year 2011-12: No Income Tax Returns for Salaries up to Rs. 5 lakh

The CBDT (Central Board of Direct Taxes) has specified that individuals with total income of up to Rs. 5 lakh in a financial year and comprising only incomes under the head ‘salaries' and ‘income from other sources' would be exempt from filing their income-tax retu…

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Bank of Baroda: Recruit 600 Probationary Officers

Bank of Baroda has announced recruitment of 600 Probationary Officers in Junior Management Grade Scale I. The recruitment process of the Bank of Baroda will start from 21 February 2012 & will end on 10 March 2012. Candidates who have completed their graduation and posses…

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Citysquare: New Township on ECR near Mahabalipuram

Real Estate commpany citysquare's new project WATER FRONT which is on ECR near Mahabalipuram WATER FRONT is a 100 acre project located near the IT Coridor and recreation destinations in Chennai with easy axcess and connectivity. Close to ANUPURAM TOWN SHIP,MALGUDI VILLA…

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Home Sales in US : Highest Since 2010

Home sales in the US probably climbed in January, 2012 to the highest level since May 2010. It adding to evidence the housing market is regaining its footing. Combined purchases of new and old existing houses rose to a 49.7 lakh annual rate from 49.2 lakh in December, 2011…

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CBI, BoM cut home loan rates, Waive processing fees

According to the RBI's (Reserve Bank of India's) Financial Stability Report released on January 12, the housing loan  growth fell to 2.3% from 10.7% a year ago. Meanwhile, state run banks Central Bank of India (CBI) &  Bank of Maharashtra (BoM) have announced sl…

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Budget India 2012-13 : Infra expectations

7 infra expectations from Budget 2012-13 By Mr. Vinayak Chatterjee Coming as it does at the beginning of the 12th Plan, and given the downbeat mood, there is genuine expectation from Budget 2012-13 that there will be far more action-orientation and policy setting than house…

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Renergy 2012 Exhibition: Mar 12, 13, 2012 in Chennai

Renergy 2012 Conference will be the Most Powerful Renewable Energy Conference Ever in India Here's why? First conference to cover all sectors of renewable energy & clean technology – above ten sectors covered First conference that will get top energy and renewable e…

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Life insurance : Nominee Must

The nominee is the person to whom the insurance claim amounts would be payable, in case anything unfortunate within the purview of the policy conditions happens to you. The policy is usually taken by you to benefit your family,  nominate the persons who will have the welfar…

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NFO : ICICI Pru Cap Protection II S7 24 Month Plan

ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan is a close ended fixed income fund with a partial equity orientation. This fund is the latest in a series of similar funds, about  45 so far in the last few years, that have the attractive term `…

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Jamals Enterprises : Lunches two projects in Chennai

Chennai based real estate developer Jamals Enterprises has launched two residential projects “Jamals Luxor” at Kattupakkam &  “Jamals Sana Homes” at Poonamallee. Highlights of Jamals Luxor..! # Jamals Luxor is strategically situated right at Kattupakkam junction, close t…

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