Goldman eyes Indiabulls realty stake

Goldman eyes Indiabulls realty stake


NEW DELHI: The US-based private equity player Goldman Sachs is learnt to be in talks with financial services company Indiabulls for investing $200 million (around Rs 800 crore) in the company’s real estate arm, Indiabulls Real Estate Limited (IREL). Industry sources said the investment would be in projects in and around Mumbai and not in the holding company.

Half of the proposed investment, around Rs 400 crore, could be in a 50:50 special purpose vehicle (SPV) to be floated by Goldman Sachs and Indiabulls, while the remaining Rs 400 crore could be in IREL’s existing projects. When contacted, Indiabulls executive director Gagan Banga said: “We are in talks with several players. I cannot make a formal comment till a deal is closed.” An e-mail sent to Goldman Sachs did not elicit any response


For further : Goldman eyes Indiabulls realty stake



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Corporate Headlines/Stories

From Economic Times

Five Indian cities among top 10 global emerging IT hubs
IMF projects 8% GDP growth for India in medium term
DLF may build Bidadi knowledge city in Karnataka
Maytas Infra to bid for airport modernisation
Reddy gets the first call to decide on rate
M&M passenger vehicle sales up 24.9 pc in September
Tata to relaunch Indica car brand in UK
Morgan Stanley raises $1.5 bn Asia PE fund


BoB reduces rates on its FCNR (B), NRE term deposits
RBI eases NBFC norms for foreign banks
Ruias acquire 30% in Malaysian electronics firm

PSU banks go on hiring spree
Tatas biggest Indian employer in UK
IIM-A may allow foreigners to take part in placements


Airtel breaks into world's Top 10 with 50 mn users
AT&T applies for telecom licences in India
Tata Indicom crosses 20 million subscribers mark
DoT gets 500 applications for telecom licence
Chinese telecom co to invest more in R&D in India

PM announces Sunita Williams Scholarships


Soaring stocks add Rs 3K cr to govt kitty
Fiscal deficit target at 3.3%
August exports rise 19%
Exporters will get refund of some taxes, promises Nath


Nokia to buy US software firm Navteq for $8.1 bn
Caparo Group plans small car for India, to be ready in 2 years
SBI open to collaborative ventures with foreign companies
Vijaya Bank to set up JV to push credit card biz


Reliance MF maintains position as top fund house
PGCIL to list on bourses on Oct 5

Day's Quote/Corporate Story

Quote of the Day

"If you really want to be a successor in life, then don't look to anyone to
motivate you, but look at your inner soul, as it's your best motivator."

Personality / Corporate of the Day

Dhirubhai Ambani

Dhirajlal Hirachanda Ambani (28 December 1932, - 6 July 2002), (lovingly called Dhirubhai Gujarati: ધીરૂભાઈ અંબાણી) was an Indian rags to riches, business tycoon who founded Reliance Industries with his cousin in Mumbai.

For further Visit

http://en.wikipedia.org/wiki/Ambani

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Rediff - Corporate stories

Oct 01, 2007 19:15 IST

Finance ministry to curb expenses
The ministry has ordered a ban on purchasing new vehicles for officials in all ministries.

IIM grads bag PPOs of Rs 1 crore
Tata to relaunch Indica in UK
Govt raises salary limit for bonus
SBI may cut home loan rates
FMCG firms ally with kirana stores
Tips from Rakesh Jhunjhunwala
Blog: Rediff Editor's Choice
Mukesh Ambani earns Rs 10 per second!

More Business News. . .


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Corporate Stories/headlines from ET

Corporate Stories/headlines from Various Sources

The Economic Times

Abbott India Q3 net profit at Rs 20 cr

Maruti Suzuki Sept sales up 13.5 per cent

Bajaj Auto Sept vehicle sales fall 23 per cent

SBI clears draft merger with SBS

Banks bar auto firms from offering zero finance schemes

Wachovia, Vatika in talks for Rs 500 cr investment

Sterlite Optical buys 58.7 pc stakes in Sterlite Infra

BHEL eyes JVs with Siemens, GE for nuclear power unit

Cairn's $800-mn pipeline project hits another block

Polymed to buy US medical device firm for $20 mn

Plethico looking for acquisitions in the US

BHEL to up headcount by 20,000 in 5 years: CMD

Time Technoplast buys 74 pc in NED Energy

Moser Baer to buy Ultra Videos' movie library

Bharti targets African telcos for Pre-TUPS

DLF, Mahindras, Tulip apply for UASL; Hinduja to apply soon

Oil prices flat in Asian trade

August exports rise 18.9% year-to-year to $12.6 bn

Realty to attract $20 bn in 3 years

Four Soft gets order worth $417,000 from Canadian firm

PE majors Carlyle & TPG eye stake in NIIT Tech

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Power Grid Lists October 5th

Power Grid IPO Allotment Status and Listing Date


The Power Grid IPO Allotment Status is out and allotment details have been sent by email to investors who registered with the registrar of the Power Grid IPO.

Retail investors have got a decent allotment in the Power Grid IPO since the retail investors category has been heavily subscribed. Good luck to those who have got allotment in the Power Grid IPO. The Power Grid IPO Listing Date is Friday, October 05, 2007.

The Listing of Power Grid IPO will be both on the NSE and BSE.



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Jobs at Rediff.Co.in - Apply Immediately

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SENSEX ended 37 Pts High, Nifty at 47 Pts High

SENSEX ended 37 Pts High, Nifty @ 47 Pts High

BSE - INDEX Gainers

http://www.bseindia.com/mktlive/indxgain.asp

Gainers - [ A, B1, B2, S, T, TS, Z]

http://www.bseindia.com/mktlive/groupgain.asp

BSE - INDEX Losers

http://www.bseindia.com/mktlive/indxloss.asp


Losers -[ A, B1, B2, S, T, TS, Z]

http://www.bseindia.com/mktlive/grouploss.asp

For all Market Gainers, Losers, Movers Information

http://economictimes.indiatimes.com/marketstats/2189001.cms

Day's Quote/Corporate Story

Quote of the Day

"A man's success is not measured by the money he has, but by the numbers of
lives he affects positively."

Personality / Corporate of the Day

J. R. D. Tata

Jehangir Ratanji Dadabhoy Tata (July 29, 1904–November 29, 1993) was a pioneer aviator and important businessman of India. He was one of the few people who were awarded Bharat Ratna during their life time[1]. He was a member of the Parsi-Zoroastrian community of India.

For Further Information, Visit

http://en.wikipedia.org/wiki/J._R._D._Tata

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