Tag: Investment Rules

Real Estate MFs To Draw In More Foreign Money

May 21, 2008 – 8:37 am

Some things make the Reserve Bank of India (RBI) paranoid. The invasion of foreign money in the Indian property market has always been a familiar theme that rang alarm bells on Mint Street — the central bank’s headquarters. Whenever it sensed an alarm, the regulator moved in to clamp down on such money flows. Even […]

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Parsvnath sells 30 % stake of Mumbai project

April 17, 2008 – 6:33 am

MUMBAI – Real estate firm Parsvnath Developers Ltd has sold thirty percent stake in a Mumbai project to foreign funds for 1.86 billion rupees, the company said in an announcement on Thursday. Shares in the company hit a high of 217.65 rupees on the news, and were trading 4.57 % higher at 216.30 rupees. Parsvnath […]

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