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25.08.25 - 14:12
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Infra push: NBCC bags Rs 3,700 crore Rajasthan order, to build convention centre, IT tower and housing on 95-acre land (Times of India)
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NBCC Ltd has secured a significant order worth approximately Rs 3,700 crore from the Rajasthan government for a 95-acre mixed-use project in Jaipur. Selected as the lead agency, NBCC will design, build, and market the project, featuring the Rajasthan Mandapam Convention Centre with a 7,500-seat capacity, a GCC Tower, IT Tower, luxury hotels, and commercial and residential infrastructure....
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25.08.25 - 10:36
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Sell India, buy China? Don′t get stock and property markets confused (SCMP)
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Indian stocks have had a good run. Since the end of March 2020, the Nifty 50, one of India's main equity gauges, has risen almost 190 per cent. It has outperformed the benchmark S&P 500 index, which itself is up more than 150 per cent.
Yet in the past year, the ferocious rally has given way to volatility, concerns over lofty valuations and worries about growth and corporate earnings. The unexpected decision earlier this month by US President Donald Trump to impose swingeing tariffs of 50 per......
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25.08.25 - 10:24
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Evergrande: China′s property giant delisted from Hong Kong stock exchange (The Guardian)
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Once the country's biggest real estate firm, Evergrande was worth more than $50bn at its peak and helped propel China's rapid economic growthEvergrande, formerly one of China's biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace.The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer – once valued at more than HK$400bn (US$50bn) – was put into liquidation. Continue reading......
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25.08.25 - 10:12
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HSBC rolls out fixed mortgage plan at 2.73% ahead of Fed rate cut (SCMP)
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Hong Kong's largest bank has rolled out a fixed-rate mortgage plan, charging lower interest for home loan borrowers ahead of the first relaxation in monetary policy this year, expected in mid-September.
HSBC launched a mortgage plan fixed at 2.73 per cent per annum on Monday for either the first three or five years, according to a release. The rate is cheaper than HSBC's February offer, which came with options of either 3.18 per cent interest for the first three years, or 3.04 per cent for the......
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25.08.25 - 07:42
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Shanghai eases property rules to revive sluggish housing market (SCMP)
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Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing's lead to rejuvenate the nation's sluggish property market.
Local residents could now own an unlimited number of flats outside the city's outer ring road, an area where two-thirds of Shanghai's housing is located, municipality authorities said on Monday. Previously, families were restricted to a maximum of two housing units in Shanghai.
The mortgage rate for buyers of a......
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