NRIs GUNG-HO AS RIBs COMMAND 2.25% PREMIUM
Article Abstract:
The Resurgent India Bonds (RIBs) have started commanding a 2.25 percent premium in a secondary market which has come up for them. The non-resident Indians who invested in the RIBs can now get an interest for the period that they have held the bonds along with the premium. Elfina Financial Consultants of Dubai has started a scheme through which buyers can take a forward purchase contract for one year and pay an interest of 10 percent. The buyers can exercise the call option any time within one year from the date of signing the contract. (khr)
Comment:
India: Resurgent India Bonds have started commanding 2.25% premium in secondary market which has come up for them
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WHY NRIs EAT INDIAN FRUITS GROWN IN MEXICO!
Article Abstract:
Exports of fresh fruits and vegetables from India was worth Rs566 crore in 1997-98 against Rs582 crore in 1996-97. The absence of post-harvest facilities, inadequate certification and the inability to build brands has affected exports of fruits and vegetables from India. Agri-products are exported from India on a consignment basis. India needs to study the infrastructure and support systems set up by countries like Israel, Kenya, Chile and Thailand which have become successful in the fresh produce export market. (khr)
Comment:
India: Exports of fresh fruits & vegetables was worth Rs566 crore in 1997-98 against Rs582 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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NRIs PICK UP 19% IN GLOBAL TELE FOR Rs65 CR
Article Abstract:
The non-resident Indians (NRIs) have picked up 19 percent stake in Global TeleSystems Ltd (GSTL), a telecom and information technology company. GSTL has closed the deal through privately placing five million shares to NRIs for a price of Rs65 crore at 50 percent premium. It has also privately placed 1.3 million shares converted by the holders of Swiss bonds issued by the company earlier. GSTL's total equity now is Rs26.12 crore which includes fresh private placements and converted Swiss bonds. (gs)
Comment:
Non-resident Indians have picked up 19% stake in Indian telecom & information technology company
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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