Thomas L. Friedman The New York Times What is most striking to me being in India this week, though, is how many Indians, young and old, expressed their concerns that America also seems at times to be running away from the world it invented and that India is adopting. With President Obama scheduled to come…

HDFC NET RISES 22 PERCENT ON ROBUST HOUSING LOAN GROWTH, COST CUTS Ravi Krishnan, Mumbai The Economic Times India’s oldest mortgage lender Housing Development Finance Corp. Ltd (HDFC) reported a 22 percent rise in net profit for the quarter ended September 2010 after demand for housing loans grew and the company cut costs. While demand…

NRIS CAN BUY PROPERTY HERE Ashish Gupta The Times of India (Delhi edition) It makes sense for non-resident Indians (NRIs) and persons of Indian origin (PIOs) to invest in property in India. A NRI is a person who is not resident in India. According to the Foreign Exchange Management Act (FEMA), ‘person resident in India’…

INDIA, CHINA TO INCREASE HIRING IN NORTH AMERICA, EUROPE 15 Oct, 2010, 12.24AM IST The Economic Times While stocks and bonds have held their position as traditional investment instruments, investors are increasingly looking for alternate investments such real estate, hedge funds, private equity and exchange-traded funds (ETFs) to engineer an overall enhanced performance of their…

INDIA A HIT FOR  FOREIGN INVESTORS The New York Times With an economic growth rate of nearly 9 percent and a stock market that is more open to foreign investors than mainland China’s, India has become a destination of choice for financial investors. In the first nine months of the year, foreigners invested $28.5 billion…

IN FIVE YEARS, METRO TO RUN ALONG RING ROAD New Delhi Hindustan Times In five years, Metro will cut across Delhi, running along the Ring Road. Delhi cabinet finally gave clearance to the Delhi Metro Rail Corporation (DMRC) for the proposed extension of Metro connectivity under third phase. With a deadline of 2015, Phase 3…

Hospitality sector bets big on India growth story New Delhi, October 11, 2010 The Hindu Business Line The Indian hospitality industry is likely to see strong demand and continued growth in the coming years as key players like Indian Hotels and EIH, and international brands such as Carlson and Marriott have outlined bullish future plans.…

Housing demand to rise to 42 lakh units: Cushman & Wakefield (C&W) The demand in these cities, however, is estimated to be three times higher than supply during 2010-14. “With India’s economic environment showing signs of stability and buoyant growth, coupled with improvement in affordability and access to finance, housing demand in the country is…