Brigade, Singapore's GIC to invest $248 mln in Indian property sector

NEW DELHI (Reuters) - Indian developer Brigade Enterprises (BRIG.NS) and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said.

No plan to set up sovereign wealth fund for now: Mayaram

New Delhi, July 12: India is not looking to set up any sovereign wealth fund (SWF) for now, the Finance Secretary, Arvind Mayaram has said.

India Unveils Rules to Allow 480 Billion Rupees of Tax-Free Debt

India allowed 13 state companies to raise as much as 480 billion rupees ($7.9 billion) selling tax-free bonds this financial year, helping generate funds for infrastructure such as roads, ports and power plants.

India to call on millions of non-residents to defend rupee - sources

NEW DELHI (Reuters) - India is considering calling on its millions of non-resident citizens to help reverse a record slide in the rupee and does not favour the idea of a global sovereign bond at this time, senior government officials told Reuters on Monday.

India eases rules for foreign investors in government, corporate bonds

NEW DELHI (Reuters) - India will ease restrictions for foreign institutional investors in federal and corporate bonds next month to attract inflows and help fund a widening current account deficit, Finance Minister P Chidambaram said on Saturday.

Iron Ore Heiress Cashes in on Coal, Dodging 30% Decline

Iron ore magnate Gina Rinehart, Asia’s richest woman, is also no slouch when it comes to making money from coal, selling most of her assets for $1.26 billion before the worst price slump for the fuel in four years.

India needs to set up sovereign wealth fund: Kaushik Basu

India ought to aim at setting up a sovereign wealth fund which is financially viable and have a broader objective of furthering the country s role as a global player.There are more than 50 sovereign wealth funds worldwide managing assets worth nearly three trillion dollars. Most of these are run by countries with huge trade surpluses and are funded mostly by oil and gas exports according to Kaushik Basu Chief Economic Advisor to India Finance Ministry.

India Inc backs setting up sovereign wealth fund

India Inc has favoured the country setting up a sovereign wealth fund to service the needs of fast growing economy, especially the infrastructure sector, says a survey.

A majority of the respondents surveyed pegged the size of sovereign wealth fund (SWF) at USD 50 billion, the survey by industry body Assocham said, adding that the fund structure should be based on a public-private-partnership model.