Tag Archives: Market Regulator

India’s Only Second To US In IPO Debacle

May 31, 2008 – 5:30 am

After the US, India is worst-hit market when it comes to the postponement of IPOs in the first quarter of 2008. Out of the twenty four billion dollar worth of IPOs that were postponed, US accounted for $6.12 billion while the figure for Indian companies stood at $5.98 billion. The decision to defer or shelve IPOs has been taken because of market sentiments and the global credit crisis. Read More »

By manish | Posted in Property News | Also tagged , , , , , , , | Comments (1)

Indiabulls To Invest 10 Billion Rupees In Retail Business

May 9, 2008 – 4:14 am

Indiabulls Real Estate Ltd plans to invest 10 billion rupees to expand its retail business in the next 2-½ years. Mr. Gagan Banga, Group spokeman said that the real estate firm, which also houses the group’s retail and power businesses, expects lease rentals of 10 billion rupees from two of its properties under development in Mumbai by the end of the next financial year.

Mr. Banga, also the Chief Executive Officer of Indiabulls Financials Services Ltd, said that the finance firm plans to launch its first mutual fund scheme by October. Mr. Banga further said that the Indiabulls group plans to focus on agri-based spot trading for its proposed commodity exchange, which is awaiting approval from the commodities market regulator.

By Rajani | Posted in Property News | Also tagged , , , , , , | Comments (1)