Business

NBCC Stake Sale of 10% to Net R250 Crore

New Delhi: The government will sell its 10% stake in construction company NBCC this fiscal, through which it plans to raise up to R250 crore. The stake sale in National Building Construction Corporation (NBCC) is part of the government effort to rais

Nashik Properties on HDFC RED's Portal

Mumbai/Nashik: HDFC RED (Real Estate Destination), an online information hub for the buyers of residential properties, has added Nashik city on its portal that will provide information of residential properties in the city on its portal. The website

Realty Sector to Suffer if Lending Rate for Home Loans Does Not Fall: DLF

New Delhi: Realty major DLF's Chairman K P Singh on Thursday the real estate sector will be affected adversely if lending rates for home loans do not come down to a moderate level. "It is not because of the global problem but the internal p

India International Bank in Malaysia Will be Operational by October

Kolkata: The proposed India International Bank (Malaysia), which is a trio joint venture between Bank of Baroda (BoB), Indian Overseas Bank (IOB) and Andhra Bank, will have a paid-up capital of $100 million (around Rs 450 crore at the current exchang

More Than 800 Visas on Arrival Issued in July

New Delhi: More than 800 visas on arrival (VoA) were issued to foreign tourists in India last month, an official statement said Friday. "In July 2011, a total of 820 VoAs were issued to foreign tourists. In June the number of VoAs issued was 770

Sensex Ends Below 16900; Tech, Banks, Realty Down

Mumbai: Indian markets ended in the negative terrain discounting better-than-expected June IIP data and positive cues from European peers. All the sectoral indices ended lower with technology, banks and realty space worst hit. Recovery in the Europea

Stricter Law Coming on Money Laundering

New Delhi: Investigating agencies may soon get more powers to attach and confiscate properties in cases of money laundering. The Prevention of Money Laundering (Amendment) Bill, 2011, is likely to propose sweeping changes in the procedures relating t

UK Proposes Building Future Warships With India

Piramal Healthcare to Buy 5.5 Per Cent in Vodafone Essar for $640 Million

Mumbai: Piramal Healthcare, headed by one of India Inc's savviest deal-makers, Ajay Piramal, has agreed to buy 5.5% stake in Vodafone Essar, one of India's largest telecom companies, for $640 million. In a late evening announcement on Wedne

Fortis Promoters Pick 65% Stake in Vietnam Hospital

New Delhi: Fortis Healthcare International, the Singapore-based holding company of Malvinder and Shivinder Singh, on Wednesday announced its decision to acquire 65% stake in Vietnam's Hoan My Medical Corp for $64 million. Hoan My is one of Vietn