India Business

Nirma All Set To Buy US-Based Searles Valley Minerals

NirmaMumbai: Nirma Ltd is ready to purchase US-based Searles Valley Minerals Inc.

JSW All Set To Invest Rs. 7,525 Cr In Tamil Nadu

Sajjan JindalChennai: JSW Group is all set to invest Rs.

Mumbai Has The Largest Ever Land Deals!

Bandra Kurla Complex, MumbaiMumbai: The largest ever land deals in wh

Gulf Oil Gets Authorization To Construct IT Park Near Bangalore

Gulf Oil Mumbai: Gulf Oil Corporation Ltd has received authorization from the Karnataka Udyog M

Empee Distilleries Lists At Rs 440 On BSE

Empee GroupThe shares of Empee Distilleries have got listed today on Bombay Stock Exchange (BSE)

RBI’s Restriction On Foreign Venture Capital Funds

RBIMumbai: The central bank (RBI) has specified that the foreign venture capital (VC) funds those kick in a part of the investment upfront, will get entry to Indian markets.

The condition laid down by RBI is related to some credible capital obligation before obtaining a formal registration.

Typically, a new foreign venture capital fund first forms an investment holding company in Mauritius with rudimentary capital, often not more than a few dollars. The investment company then files for registration with Indian regulators, and once it gets the approval overseas investors are gradually roped in.

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