CRISIL launches Gold Index

CRISIL Research, India’s largest independent and integrated research house, announced the launch of the CRISIL Gold Index. The CRISIL Gold index will track the performance of gold prices in the domestic market. The objective of CRISIL Gold index is to provide an independent…

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Financial inclusion mandatory for new banks, says RBI

Indian Industrial houses and companies seeking banking licences will have their work cut out, as the Reserve Bank of India (RBI) has mandated new banks to open a fourth of their branches in unbanked rural centres. While a recent circular issued by the central bank directed e…

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What is Tripartite Agreement Means?

In Indian real estate sector recently used many people,  the word, 'tripartite agreement' What is meant by  tripartite agreement It is an agreement signed by three parties-- The Buyer, The Bank The Builder. The agreement contains all relevant information, such as t…

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India's Steel imports at Rs 26,387 crore in 2010-11

India's imported finished steel products worth Rs 26,387 crore in 2010-11, a 3% rise in comparison to 2009-10, Parliament was informed. The country had imported finished steel worth Rs 25,623 crore in 2009-10, Steel minister Beni Prasad Verma said in a written reply to…

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Widening demand and supply gap hits real estate projects

According to realty research firm, PropEquity., The widening gap between demand and supply of apartments has put the brakes on the launch of new housing projects around the country-home project launches across top eight cities have dropped 31% since the September-December 2…

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IDFC mulls acquisition of DLF's stake in Noida IT park

Infrastructure Development Finance Company (IDFC) said it was in talks to buy the entire stake of the country's largest real estate player DLF in an IT park in Noida in Uttar Pradesh. IDFC said in a filing to the Bombay Stock Exchange (BSE), "IDFC is in talks with…

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Indian cement companies under Competition Commission lens

Probe by Competition Commission of India ( CCI http://www.cci.gov.in/ ) director-general finds most of them guilty of cutting production to raise price, reports Jharna Mazumdar DG-level probe finds these firms guilty of cartelisation over 4 years IN A crackdown on cartelisation…

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Indian Cement Companirs Under CCI Lens

Probe by CCI director-general finds most of them guilty of cutting production to raise price, reports Jharna Mazumdar DG-level probe finds these firms guilty of cartelisation over 4 years IN A crackdown on cartelisation of cement manufacturers, Competition Commission of Ind…

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DLF in talks with IDFC to sell Noida IT park shares, reduce debt

India’s largest real estate company DLF, is in talks with IDFC to sell the entire 70% stake it holds in DLF IT Park, Noida. The move is part of the company’s strategy to reduce debt. DLF is looking to raise around Rs. 950 crore through the sale. If the talks bear fruit, ID…

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World's first semi submerged hotel to be in Qatar

The world’s first semi submerged hotel resort is to be built in Qatar and has been designed by Italian designer Giancarlo Zema which specialises in semi submerged architectural structures, floating habitats and yacht design. The activities of the hotel take place in the und…

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