 |
 | |
 |
HDFC fund to pump in Rs 3,240 cr FDI in Indian realty sectorHousing finance leader HDFC's bid to cash in on India's booming real estate sector has got a boost, with the government today allowing a global realty fund sponsored by it to invest up to Rs 3,240 crore in the country. The Mauritius-registered and HDFC-sponsored India Offshore Real Estate Investments has been allowed by the Cabinet Committee on Economic Affairs to invest 720 million dollars (Rs 3,240 crore), raised overseas, in units issued by HDFC International Real Estate Fund (IREF). IREF would, in turn, invest in Indian companies, an official spokesperson said after the CCEA meeting. The decision comes at a time when foreign and domestic players have been showing great interest in the country's real estate space. Already names like Farallon Capital Management, Morgan Stanley, Merrill Lynch and GE Commercial Finance Real Estate have made multi-million dollar investments in the sector in India. read more. East Africa: Study Ranks Kenya Third in Comesa TradeKenya emerges amongst leaders when it comes to ease of doing business in the Common Market for Eastern and South Africa (Comesa) but comes out badly on a global scale. A freshly issued report of the World Bank and its private sector arm, International Finance Corporation (IFC), puts Kenya at number three in the regional trading bloc that is planning to launch a customs union by 2008. The report, Doing Business 2007: How to Reform, puts the country 83 overall, well below Mauritius at 32 and Swaziland at 76 respectively. Singapore is the easiest country to do business on the globe with volatile DR Congo worst off. Doing business became easier in Africa in 2005Ð2006," said a statement from the Bretton Woods sent to newsrooms yesterday. Ironically, the report picks out at the controversial Simba 2005 implemented by the Kenya Revenue Authority (KRA) as part of the positive reforms in the country. read more. THRASS in Mauritius and Southern Sudan – Even More African ...The THRASS synthetic phonics programme has already been welcomed in the world of education as heralding the start of a new era in the teaching of English in Africa. However, recent developments in Mauritius, where discussions are currently taking place about the implementation of THRASS in a number of government and private primary schools from January 2007, and in Southern Sudan, where the Government has asked THRASS UK to set up three 'Centres of Excellence' for the teaching of THRASS, are further evidence of the esteem in which the THRASS programme is held for teaching children for whom English is a second language. (PRWEB) September 5, 2006 -- The THRASS synthetic phonics programme has already been welcomed in the world of education as heralding the start of a new era in the teaching of English in Africa. read more. Tunisia held by Mauritius, Angola and Togo make winning startsJOHANNESBURG: World Cup Finalists Tunisia were held to a surprise draw but two of Africa's other representatives in Germany last June made positive starts to their 2008 African Nations Cup campaigns on Sunday. Angola beat Swaziland 2-0 away while Togo overcame neighbours Benin 2-1 in Lome in their first qualifying matches for the next Finals in Ghana. A penalty squandered in the first half cost Tunisia victory in their opening qualifier against hosts Mauritius in Curepipe. Veteran goalkeeper Orwin Castel saved a spot kick taken by midfielder Hamed Namouhci to ensure a surprise point for the island nation. The draw means Tunisia, who failed to win at the World Cup Finals in Germany, have now gone six matches without victory. An own goal from Sipho Gumbi gave Angola a half-time lead at Somhlolo in their Group Six match and defender Loco added a second 10 minutes from the end for a comfortable win. Togo, playing a first home match in a year, had little chance to celebrate their World Cup qualification achievement in front of home fans as they were forced into a tough tussle by Benin. Thomas Dossevi and Komlan Amehou scored to put Togo into a two-goal lead but a late goal from Benin's Seidath Tchomogo made for an uncomfortable finale. African Footballer of the Year Samuel Eto'o received a hero's welcome in Rwanda when he arrived with Cameroon for their Group Five qualifier in Kigali but was unable to respond in front of goal. Cameroon still won comfortably 3-0 after taking 55 minutes to break through the home defence, handing new coach Arie Haan a winning start to his new career. Substitute Guy Feutchine opened the scoring for the Indomitable Lions in the 56th minute, followed by a second six minutes from Chelsea's Geremi. Debutant Landry Nguemo, a late call up to the squad and who was then chosen to start the match, finished off an eventful week with the third goal five minutes from the end. French-based defender Christian Fuanda Kinkela scored an 80th minute winner as the Democratic Republic of Congo were forced to come back from 2-1 down to win their Group 10 tie at home to Namibia. They now share top place in the group with Ethiopia, who beat Libya 1-0 in Addis Ababa with a 15th minute goal from Dawit Mebratu. Haitham Tambal score twice as Sudan beat Seychelles 3-0 in Khartoum in the biggest win on Sunday while Zambia's 2-0 away win over Chad sees them top of the Group 11 standings. Algeria's beleaguered team, seeking an end to a run of disappointing results, forced a morale boosting goalless draw away against Guinea in Conakry. Algeria had to play out the last 12 minutes with 10 men after the dismissal of defender Antar Yahia. The next round of qualifiers will be played on the weekend of Oct 6-8. read more. Govt OKs $720 mln realty fund for foreignersNEW DELHI (Reuters) - The union cabinet on Thursday approved a $720 million realty fund by Housing Development Finance Corp. for foreign investors, a spokeswoman said. Investors in the fund, which will invest in India's booming property sector such as housing and shopping malls, will not be able to repatriate the money for three years. Housing Development, India's largest mortgage firm, has set up a unit in Mauritius for this purpose to enable foreign investors save on taxes. India Offshore Real Estate Investments will collect the money and invest in India. Under a treaty to avoid double taxation, investors from Mauritius do not have to pay taxes in India. HDFC shares rose 3.07 percent to 1,352.75 rupees in a weak Mumbai market. (Additional reporting by M.C. read more. CAN Qualifier Sunday: Mauritius names squad against TunisiaPort-Louis, Mauritius, 08/31 - Mauritius has named a 26-member squad to host Tunisia in a first leg Ghana 2008 Africa Nations Cup (CAN) soccer qualification match Sunday. The team assembled by Head coach Sarjoo Gowreesunkur include seven players plying their trade in South Africa, Reunion and France. These are Dsir Periatambee (Niort, France), Sbastien Bax (Santos FC, South Africa), Jean-Christophe Lourdes (RC Strasbourg, France), Jimmy Cundasamy (USS Tamponnaise, La Runion), Christopher Perle (Jeanne d`Arc, La Runion), Ricardo Naboth (US Possession, La Runion) and Kervin Godon (St-Denis FC, La Runion). The other players in the team are home-based. . read more. Air Mauritius introduces two Airbus 340-300EChennai, Sept 8. (UNI): Air Mauritius India has introduced two brand new Airbus 340-300E to replace the Boeing aircrafts in its fleet. The new aircraft would be used for operating daily flights between Mumbai and Mauritius, two weekly flights from Delhi and one weekly flight from Chennai. Talking to reporters here on Wednesday evening, Air Mauritius General Manager Raj Bhujohory and Mr Rajesh Bushgeet, Manager, Chennai and South India, said the flight would have 12 first class cocoon type seats, 33 business class seats and 264 economy class seats on each aircraft. Stating that only 30,000 Indians were flying to Mauritius annually, Mr Bhujohory said injecting new flights would lead to increase in the flow of Indians. 'We are confident that by introducing extra aircrafts, the number of Indian tourists to our country will shoot up. read more.We are committed to collect the most noteworthy details on the internet to you in a single convenient site. The mind set that relevant resources can be tough to uncover is impervious. This Cheap Air Flights Quantas Airlines Mauritius info is gathered in a purposeful arrangement. |
Can't find what you're looking for?