Europe

A day after Infosys announced that they had agreed to buy out UK based Axon Group for what will go down as the biggest deal in the history of Indian IT services, the foreign arm of India’s largest oil corporation ONGC (Oil And Natural Gas Corporation) ONGC VIDESH did one better by announcing that they had agreed to purchase another UK based company : Imperial Energy .This deal when done will be the biggest deal in the history of  Indian oil companies and is a sure sign that India Inc. is firmly looking to make good buys in the European markets.

Considering a drastic increase in energy consumption in large commercial buildings, the government has decided to give these establishments a certificate declaring the buildings to be energy efficient if they plan to have a connected power of 500 kilowatts or more.

For the time being, the code will be applicable to new construction commercial buildings as well as integrated townships but a separate code will soon be formulated for reconstruction of old buildings soon.

By F. Colton

I have recently read about a few laws the India Government has passed to slow the real estate market in India. The false claim that too many foreign real estate funds are driving up real estate values is complete rubbish. First and most importantly, I can count on two hands the number of foreign real estate funds that have actually invested money on a real estate project in India. It's just not happening like the media claims. Foreign Real Estate funds find the India market appealing, but it still lacks the transparency available in other more mature markets.