Citigroup Inc. Chief Executive Officer Vikram Pandit said the U.S. government pumped $20 billion into the bank to send a signal that regulators will stand behind the country’s financial system.
“We’re in 109 countries around the …
Real estate and infrastructure company, Parsvnath Developers has said that it has received environmental clearance for the construction of office/commercial “Corporate Tower’ at Netaji Subhash Place Metro Station New Delhi.
The prestigious project spread over an …
The government rescue of Citigroup reversed the perilous slide of the company’s stock, but pressure is mounting on its executives and directors to do even more to stabilise the financial giant.
Citigroup’s shares jumped 58 per …
The giant cranes that once worked long into the Mumbai night are still, the roar of concrete mixers has dulled, and hundreds of migrant workers have gone home.
A slowing economy, high interest rates, tighter credit …
The growing numbers of British expatriates living in Mumbai (Bombay) – locally known as the Manhattan of the East – say that life here is not a cheap alternative.
According to the latest UK Government statistics, …
Real estate prices in India requires to drop by 30% to spur demand, said Goldman Sachs in a report. However, the report further maintained that the sharp decline in the prices will have a negative …
The credit crunch has hit the real estate really hard. Indias largest real estate company, DLF said that it was scaling down on projects. Only a day after, on Wednesday, Emaar MGF, which got itself …
We have heard about sales dropping 30-40% in housing market but we haven’t seen that translate into prices. But now for the first time, developers are admitting that if housing prices haven’t cooled off so …
Developers have been howling from the rooftops for a government bailout, but most of them are unwilling to take the first step and scale down rates.
In Mumbai, despite being in financial hot waters, they are …
The market psyche gyrated between fear and optimism last week as global markets remained edgy on concerns that the credit market turmoil will make another large US financial entity a victim.
The hope of easing inflationary …
