The Left parties on Wednesday condemned the killing in police firing of 14 Gujjars, who were among thousands demonstrating in Dausa demanding Scheduled Tribe status for their community on Tuesday.

The Communist Party of India-Marxist (CPI-M) today demanded a judicial probe into the violence.

The Left parties also demanded that the BJP led Rajasthan government must pay adequate compensation to the families of those killed in the police firing.

More : dailyindia.com

Indian real estate major DLF Ltd is set to diversify and enter the insurance segment within a year as it has tied up with US-based Prudential Insurance.

We have entered into an agreement with Prudential Insurance of US (in February 2007) and the joint venture would help us in developing and selling life insurance products in India, DLF chairman K.P. Singh told reporters here.

Each party would invest to the tune of about $250 million in the joint venture company over a span of seven years, in proportion to their respective shareholdings, of which DLF is currently holding 74 percent, company officials said.

More : indianmuslims.info

MUSCAT — As of June 1, 2007, Oman Air will spread its wings to reach its eighth destination in India.

The national flag carrier of Oman will operate direct flights connecting Muscat with Jaipur, the Pink City, through four flights a week (Saturday, Monday, Wednesday and Friday).

Ziad bin Karim Al Haremi, chief executive officer of Oman Air, said: India is a very important destination and the Indian travel market is one of the fastest growing in the world, furthermore an important destination witnessing a blooming economic growth and attracting overwhelming numbers of tourists. Ensuring its significant roll to connect Muscat with major cities worldwide, as well as to strengthen the deep rooted relationship between the two friendly nations, Oman Air has launched its eighth destination, Jaipur in the Indian subcontinent.

More : timesofoman.com

Scales down earlier plan to invest Rs 6,500 cr under head.

DLF Ltd has said it would invest Rs 3,500 crore — roughly a third of its planned initial public offering (IPO) — in building up its land reserves. This is significantly lower than its earlier plan of investing Rs 6,500 crore for the purpose.

Announcing its plans here today, DLF said it hoped to raise Rs 9,625 crore through a public issue of 1.75 crore shares in the price band of Rs 500-550 between June 11 and 14.

More : business-standard.com

Come June, Indias capital market is set to raise through primary issues the highest amount of money in any single month. The impact of the mobilisation of nearly Rs 30,000 crore from the two public issues of ICICI Bank and DLF, analysts feel, will be felt in other segments of the market too, leading to strained liquidity.

Real estate giant DLF Ltd has lined up one of the largest primary issues with plans to raise Rs 9,625 crore. The countrys second largest lender ICICI Bank will mop up Rs 20,000 crore in a fresh issue of equity shares. These two will drain the market of its available funds, say analysts.

Sreeshankar R, research head at IL&FS Investsmart, says, The two issues may take away a lot of liquidity from the market.

More : financialexpress.com

The grey market for the initial public offering (IPO) of real-estate major, DLF has become active following announcement of the dates and price band by the Delhi-headquartered company yesterday. The shares of DLF command an unofficial premium of Rs 26-28 a share in Ahmedabad, which is considered as the most active centre for grey market transactions.

The K P Singh-promoted DLF is raising Rs 9,600-odd crore through the IPO. The shares, with a face value of Rs 2 each, would be issued in the price band of Rs 500 and Rs 550.

The grey market is the unofficial market for IPOs and the premium or discounts indicate the level of retail interest in the public issue. It is also considered as an unofficial price discovery mechanism before the listing.

More : business-standard.com

The two murders that look place in Delhi were not isolated incidents. Here is a look at similar incidents that have taken place recently.

On May 19, a property dealer, his wife and their seven-year-old son were murdered in their Gurgaon home. The domestic help, Lallan, a native of Bihar, later confessed to the crime.

Just three days before that, on May 16th, a 40-year-old housewife, Archana Grover, was found murdered at her residence in Saket in South Delhi. Her maid Rakhi Saha is under arrest for the crime.

More : ibnlive.com

Real estate marketing company Jayadaad.com has plans to redefine realty in the country. It will spend Rs 120 crore over the next two years on a chain of 600 retail outlets across the country and overseas. The company plans to launch 20 such outlets in Punjab and Chandigarh as part of its focus on northern India.

Jayadaad.com has already identified 20 franchisees for this in the region. By June, the company plans to open outlets in Mohali, Panchkula and Chandigarh. Tie-up talks are at an advanced stage for retail outlets in Gurgaon, Hisar and Faridabad, too, according to company spokesman.

He said the company had already spent Rs 30 crore on retail expansion and that, another Rs 90 crore would be invested over the next two-years. At present, we are the sole marketers of the Nitishree and Hansmukhi projects in Punjab and we are about to launch other projects worth Rs 2,000 crore from Jalandhar and nearby areas. We are targeting at least Rs 5,000 crore worth of projects from this state in the near future, he added.

More : financialexpress.com

DLF Limited, a leading real estate company, after SEBI approval, has filed its Red Herring Prospectus with the ROC on 24th May 2007 for its forthcoming initial public offer.

DLF is offering 175,000,000 equity shares of Rs. 2/- each to the public, through a 100% book building process. The Issue comprises reservation of 1,000,000 equity shares of Rs. 2/- each for subscription by the employees of the Company and a net issue to the Public of 174,000,000 shares. The company has set the price band at Rs. [500] to Rs. [550]. The Issue will open on 11th June 2007 and close on 14th June 2007.

The Issue would constitute 10.27% of the fully diluted post-issue capital of the Company.

More : moneycontrol.com

The Reserve Bank of India (RBI) may have to try harder to prevent the rupee from rising further with a huge amount of dollar inflows expected next month.

RBI was absent in the forex market for more than a month, resulting in the rupees 8.7% rise in the last nine weeks. However, the central bank has started buying dollars this week, particularly in the later half of the day, dealers say. The move is to prevent the rupee from breaching the psychological 40.50 per $1 mark, they say.

But, two huge public offers - by real estate developer DLF and ICICI Bank - lined up for June have led to a belief that RBIs current pace of dollar buying wont be enough to stem the rupees rise.

More : dnaindia.com