High net worth NRIs go long on realty

What could a mall in Ahmedabad, an office complex in Hyderabad and a residential township in Baroda have in common? Answer: All three are being built courtesy funds put together by rich NRIs. Real......

MTN deal: Bharti may rope in holding co

Bharti Telecom, the unlisted holding company of Bharti Airtel, may issue fresh equity to the MTN group to give it the 25 per cent economic interest in India's largest mobile service provider. On......

MAT change brings smile to industry

The government's proposal to compute minimum alternate tax on profits, and not on assets as planned originally in the direct taxes code, has put a smile on the face of industry. However, there is......

Sebi to get strict with FII sub-accounts

The Securities and Exchange Board of India plans to tighten the rules for transfer of sub-accounts by foreign institutional investors. Sebi defines sub-accounts as entities that include foreign......