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On this Page: Legal & Business News from India - General Interest News - Legal & Business News from USA
. India Business Law News |
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REAL ESTATE INVESTMENT FUNDS ALLOWED IN INDIASEBI in India has allowed domestic asset managers to launch funds investing directly in real estate. As per SEBI, these funds shall be close-ended with units listed on stock exchanges, and the net asset values of the funds must be made public every day. Such real estate investment funds should invest at least 35 percent
of their funds directly in real estate assets and the rest in
mortgage-backed securities and instruments of firms engaged in the
sector. They can invest up to 25 percent of their corpus in other
securities, according to the statement. "Taken together, investments in
real estate assets, real estate-related securities... shall not be less
than 75 percent of the net assets of the scheme," SEBI said. The asset
managers should get the assets valued every 90 days. More information:
Hedge
Funds in India
IT COMPANIES MOVING TO SMALLER CITIES IN INDIAIndian IT companies are relocating to smaller cities, as the unabated rise of the rupee against the US dollar continues to eat away at their profits. More and more IT companies are relocating to tier-II and tier-III cities such as Chandigarh, Lucknow, Kochi, Varanasi, Mohali, Jamshedpur, Allahabad, Dehradun and Mysore to lower operational costs by about 15 per cent. The trend is particularly noticeable among BPO units based in Gurgaon, Bangalore, Hyderabad, Delhi, Noida, Chennai and Kolkata according to a recent report.
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. USA Business Law News |
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Recovering Money in the USAIn USA money can be recovered by litigation or arbitration depending upon the type of agreement between the parties. The legal system in USA is highly specialized. Watch this space for more information. For more information please Contact us
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Types
of Corporations in the USA |
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. General Interest News |
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No Unsolicited Calls to Mobile Phones in IndiaThe Delhi High Court restrained telemarketers from making unsolicited calls to mobile phone users, irrespective of the fact whether or not they are registered with the DND facility. 60 lakh register Nearly 60 lakh mobile subscribers have enrolled with the National-Do-Not-Call (NDNC) registry within just 10 days of its launch to avoid getting unsolicited sales calls from telemarketers.
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