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  • September 17, 2014
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  1. Property - International - INDIA

    India paves way for reit market

    Posted Aug 06th 2014, 03:50am by Bloomberg

    ... of guidelines for reits in 2008, it never got final approval because of a lack of clarity on taxes and because the global financial crisis hurt the investment climate, according to a report by Knight ... a viable financial vehicle," said Bhaskar Chakraborty, an analyst at IIFL. The Reserve Bank of India's benchmark repurchase rate is 8 per cent. The introduction of reits would help ...

    http://www.scmp.com/property/international/article/1567068/india-paves-way-reit-market
  2. News - Asia - INDIA

    India’s biggest power producer warns coal stocks running low

    Posted Jul 17th 2014, 04:54pm by Reuters in New Delhi

    ... of these in the state of Maharashtra, the home of India’s financial capital Mumbai, Central Electricity Authority data shows.   ...

    http://www.scmp.com/news/asia/article/1555605/indias-biggest-power-producer-warns-coal-stocks-running-low
  3. News - Asia - INDIA

    Narendra Modi boosts Indian defence spending by 12pc in first budget

    Posted Jul 10th 2014, 11:17pm by AFP

    ... years, with the fiscal deficit reduced from a targeted 4.1 per cent of GDP this year to 3 per cent in the 2016-17 financial year. "The budget is very realistic" ...

    http://www.scmp.com/news/asia/article/1551374/narendra-modi-boosts-indian-defence-spending-12pc-first-budget
  4. News - Asia - INDIA

    More survivors found in India building collapse rubble as death toll rises to 26

    Posted Jul 01st 2014, 01:45pm by Agence France-Presse

    ... materials or add unauthorised extra floors. In September last year more than 50 people were crushed to death when a five-storey building collapsed in India’s financial capital of Mumbai on the west ...

    http://www.scmp.com/news/asia/article/1544208/more-survivors-found-india-building-collapse-rubble-death-toll-rises-26
  5. News - Asia - INDIA

    Mumbai’s new metro begins services despite ticket price fight

    Posted Jun 09th 2014, 11:05pm by BLOOM

    ... squalor remain hallmarks of India's financial centre. The Mumbai metro, whose construction started in 2007, connects the northwestern suburb of Versova to Ghatkopar in the east ...

    http://www.scmp.com/news/asia/article/1528892/mumbais-new-metro-begins-services-despite-ticket-price-fight
  6. News - Asia - INDIA

    Indian PM Modi suffers loss as top minister killed in road collision

    Posted Jun 03rd 2014, 03:31pm by Reuters

    ... home for a funeral on Wednesday. From 1995 to 1999, Munde was deputy chief minister of Maharashtra, the state that is home to Mumbai, the financial capital. He was twice elected to India’s ...

    http://www.scmp.com/news/asia/article/1524531/indian-pm-modi-suffers-loss-top-minister-killed-road-collision
  7. News - Asia - INDIA

    Sahara employees help to raise 300b rupee bail for Subrata Roy

    Posted Mar 31st 2014, 05:31am by AFP

    ... the financial giant's chief Subrata Roy from prison, company officials say. Roy, 65, was sent to New Delhi's Tihar jail on March 4 over a case involving the repayment of billions of dollars ... and demanded a "concrete proposal". The bail money is being raised by a new Sahara unit. Donors will get shares in return. Roy's entertainment-to-financial services conglomerate, based ...

    http://www.scmp.com/news/asia/article/1461213/sahara-employees-help-raise-300b-rupee-bail-subrata-roy
  8. News - Asia - INDIA

    India's likely next leader Modi seen implementing Thatcher-like reforms

    Posted Apr 07th 2014, 04:43am by Reuters

    ... of Goldman Sachs and JP Morgan trading floors. "What Thatcher did with financial market reforms, you can expect a similar thing with infrastructure in India under Modi," he said, referring to Thatcher's trademark "Big Bang" of sudden financial deregulation in 1986. Modi's inner circle also includes prominent economists and industrialists who share a desire to see his BJP ...

    http://www.scmp.com/news/asia/article/1466535/indias-likely-next-leader-modi-seen-implementing-thatcher-reforms
  9. News - Asia - INDIA

    Indian court hands down life sentences for four men convicted of gang rape

    Posted Mar 21st 2014, 08:07pm by Associated Press in New Delhi

    ... Associated Press in New Delhi An Indian court sentenced four men to life in prison on Friday for raping a call-centre operator last year inside an abandoned textile mill in the financial hub of Mumbai. Prosecutor Ujjwal Nikam said the Mumbai court delivered the maximum punishment to the four after finding them guilty of rape, unnatural sex and abduction. The court delayed ...

    http://www.scmp.com/news/asia/article/1454225/indian-court-hands-down-life-sentences-four-men-convicted-gang-rape
  10. News - Asia - INDIA

    Four men found guilty of gang-raping photojournalist in Mumbai

    Posted Mar 20th 2014, 05:16pm by Reuters

    ... factories. The attack provoked a public outcry partly because Mumbai, India’s financial capital and the home of its flamboyant film industry, is considered one of the country’s safest city for women. ...

    http://www.scmp.com/news/asia/article/1453256/four-men-found-guilty-gang-raping-photojournalist-mumbai

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