SBI enter realty projects marketing pact

Godrej Properties has entered into a pact with State Bank of India to market its realty projects to customers across India and overseas. Both companies jointly plan to host various co-promotional activities for customers in India as well as for non residential Indians in countries like the UK, US, and Singapore. Under this joint effort, […]

State-Owned Banks deposits tempt IT firms with higher yields

State lenders are becoming the choice for leading technology companies bankers, offering attractive returns compared to their private sector counterparts. Tata Consultancy Services (TCS), Infosys Technologies and Wipro, the top three software outsourcer in the country, has been parked most of the deposits (65-82%) and the national government. In 2008 it was the fear of […]

Buying under-construction property can be stern problem

The recent acquisition of two properties verdicts should sound like alarm bells to buyers of the sub-construction buildings. Fifteen days before the Supreme Court (SC) has canceled the purchase of 156 acres of land in Noida. Yesterday, the Allahabad High Court quashed the acquisition of 589.13 hectares in Greater Noida. Property buyers would be in […]

LIC Housing Finance plans to launch Rs 500-cr fund

LIC Housing Finance Ltd plans to launch a Rs 500-crore venture capital (VC) fund for urban infrastructure development by September, according to its director and chief executive officer, V K Sharma. Speaking to reporters on the sidelines of the company‚Äôs property exhibition here today, he said LIC Housing Finance had already started the process for […]

If You Want Interest Income, Go For Bonds and Fixed Deposits

Fixed income investors are courted by the banks with attractive rates on fixed deposit and bonds, up 11.6% over five years. The poor performance of stock markets this year has encouraged investors to seek out these products. There is also the gray market for bond issues, especially active after the bond rating SBI few months […]