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government To broaden 6 Bulk drugs, medical gadgets Parks

New Delhi: To lessen import dependence, the authorities has determined to establish six bulk drug and scientific gadgets parks, so that you can entail a blended investment of Rs 60,000 crore. “The government has decided to establish three bulk tablets and three medical gadgets parks across the us of a. those parks will require an funding of about Rs 60,000 crore,” Fertiliser Minister Ananth Kumar informed PTI. As according to various estimates, as soon as those parks come to be operational, they could deliver down the fee of manufacturing of…

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BlackRock’s $2.5 Billion Sale: sign Of existence For Singapore’s workplace market

Singapore: BlackRock Inc said it might promote a forty three-storey Singapore workplace tower for $2.five billion – certainly one of at the least 3 workplace building deals in the last months for a market gripped by way of worries approximately oversupply and rising vacancies. The sale to Qatar investment Authority, a sovereign wealth fund, is Singapore’s biggest workplace transaction. it is also the largest unmarried-tower actual estate deal in Asia-Pacific, according to BlackRock, the world’s biggest asset manager. The selling rate of S$2,seven hundred ($1,980) in step with square foot…

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FDI Inflows Into India Rise 37% in 2015

New Delhi: Foreign direct investment (FDI) into the country increased 37 per cent to $39.32 billion during 2015. The foreign investment inflows stood at $28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion (DIPP). The computer hardware and software sector attracted the highest FDI, followed by services, trading business, automobiles and chemicals. Singapore emerged as the biggest FDI source, followed by Mauritius, US, Netherlands and Japan. The government has taken several steps to promote investments through a liberal FDI policy. It has relaxed norms in several sectors, including single brand retail, e-commerce and…

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Cairn India On Course to Roll Out Enhanced Oil Recovery Plan

New Delhi: Cairn India is set to launch the world’s largest enhanced oil recovery programme, investing about $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan. As part of the plan, the company will complete 100 exploration and appraisal wells and 350 development wells in 2016, Cairn India chief executive Mayank Ashar told PTI. The EOR (enhanced oil recovery) spending spans over Mangala and Bhagyam oil fields in the Rajasthan block to help arrest the natural decline and maintain production. Almost two…

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Government Says Safeguards in Place to Prevent Misuse of P-Notes

Minister of State for Finance Jayant Sinha said FPIs are prohibited from issuing P-Notes to resident Indians/non-resident Indians. New Delhi: The government has put in place several safeguards to prevent misuse of Participatory Notes, or P-Notes, and there is no information with the Securities and Exchange Board of India (Sebi) wherein entities or investors in the country are using the route of and investing black money through it, Parliament was informed on Friday. “Foreign Portfolio Investors (FPIs) are prohibited from issuing PNs to Resident Indians/Non-Resident Indians (NRIs) and they are…

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Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly

To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…

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