Reserve Bank today said foreign investors can invest up to 30 per cent of paid up capital of Petronet LNG Ltd.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30 per cent of the paid up capital of Petronet LNG Limited under the Portfolio Investment Scheme (PIS), RBI said in a release.
"The RBI has further advised that the foreign shareholding by FIIs/RFPIs in Petronet LNG have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect," it said.
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Time Inc India appoints Ashis Roy, Riyaz Aftab as VP
Time Inc India, a wholly owned subsidiary of media house Time, today announced appointments of Ashis Roy as Vice President, Technology & Product Engineering, and Riyaz Aftab as Vice President, Human Resources with immediate effect.
These new hires represent a substantial step towards expanding Time Inc. India's operations in Bengaluru, the company said in a release.
It said Roy oversees Time Inc. India's technology operations and application development - two significant areas that are helping to set the company up for further success, while Aftab supervises the human resources team and is responsible for extending and enhancing the company's existing HR practices.
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HDFC Realty, www.IBidmyHome.Com launches online home auction * Real estate advisory firm HDFC Realty today said it has tied-up with www.IBidmyHome.Com to launch multi-property online home auctions to empower home buyers to bid for properties at at below market prices.
"HDFC Realty in association with www.IBidmyHome.Com has launched India's first multi-property online home auctions, a pioneering concept that will empower home buyers to bid for their homes from developers, at below market prices," the company said in a statement.
The initial launch of this initiative will see projects in Bangalore, Chennai and Kochi.
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Tata Value Homes joins hand with MobiKwik * Tata Value Homes, a subsidiary of Tata Housing, has joined hands with mobile payments network MobiKwik to allow mobile payments for home bookings.
"With this exclusive association, the customers can book homes across the country for just Rs 10,000 on paying through the MobiKwik Wallet," the company said in a statement.
This exclusive association will be launched along with Tata Value Homes flagship offer, One Nation One Price in homes across six cities, Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Boisar (near Mumbai) and Pune will be offered at one price point starting Rs 29.9 lakhs.
