Hinduja teams up with Raffles
By: H S Rao LONDON: The Hinduja group has signed a deal with Europe’s largest hotel chain to transform the UK’s iconic Old War Office building, once occupied by Britain’s… Read more »
Monthly Archives: June 2017
PWD slaps Rs 27-lakh fine on AAP for ‘unauthorised occupation’ of party office
NEW DELHI (INDIA): The Public Works Department (PWD) of the Delhi government has slapped a fine of Rs 27 lakh on the Aam Aadmi Party (AAP) for “unauthorised occupation” of… Read more »
Home buyers face squeeze as Shanghai curbs office-to-flats market
By: Clare Jim | Elias Glenn HONG KONG/BEIJING: A crackdown in Shanghai on commercial office projects converted into residential apartments will squeeze speculators, but could also hurt bona fide homebuyers… Read more »
India, South Korea sign $10 billion funding agreement for infra projects
SEOUL: India and South Korea have signed agreement for $10 billion assistance for infrastructure development projects in India, including smart cities. The two countries signed agreements to establish $9 billion in… Read more »
Kerala sanctions Rs 35 lakh for repairing Gulati house
THIRUVANTHAPURAM (INDIA): Kerala government sanctioned Rs 35 lakh for repairing the damaged house of renowned Economist, late Prof I S Gulati here. The amount will also be utilised for constructing… Read more »
Irish house prices not overvalued despite strong rises: Central Bank
By: Padraic Halpin DUBLIN: Houses prices in Ireland are not currently overvalued despite quite strong rises in the market,the head of financial stability at the Irish central bank said on… Read more »
Dena Bank slashes home loan interest rates
NEW DELHI (INDIA): State-owned Dena Bank has cut interest rates on home loans above Rs 30 lakh to Rs 75 lakh by 5 basis points. Th ebank has reduced the… Read more »
HDFC to raise Rs 2,000 crore via debt, issue opens today
NEW DELHI (INDIA): Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds through a private placement offer that opens on Friday to augment its long term resources. “The… Read more »
Risk weights cut on home loans credit negative for banks: Moody’s
MUMBAI (INDIA): The Reserve Bank of India’s recent move to reduce risk weights and standard asset provisioning on individual housing loans are credit negative for the banking sector, says a… Read more »
Ministry of Steel organises second steel Consumers’ Council Meeting in Odisha
NEW DELHI (INDIA): The Second Meeting of the National Steel Consumers’ Council, on the theme of “Current Status of Steel Industry and the Way Forward’’ will be held under the… Read more »