China
Indian real estate development firm, the M3M group will be partnering with one of the top Chinese showcase development firms with the objective of building a large Expo-Center in New Delhi. It is estimated to be a multi-billion dollar investment. The Xin Ji Group of showcase developers from Guangzhou, China announced an MOU with the [...] Continue Reading »
China will bid aggressively to bag key Railway infrastructure projects from India when its premier Xi Jinping meets Prime Ministera Narendra Modi during bilateral level talks in New Delhi later this week. On the agenda is to provide India with a cheaper and reliable option for high-speed travel by using the state-of-the-art bullet trains and [...] Continue Reading »
During the course of their meeting in Brazil on Tuesday, the leaders of the BRICS countries – Brazil, Russia, India, China, and South Africa – gave their approval to the formation of the BRICS Bank. It was back in 2011-12 that India – during its chairmanship of the BRICS grouping – had floated the idea of [...] Continue Reading »
According to a United Nations’ report released on Friday, India’s capital city Delhi is the second most populous city in the world. The report- based on statistics as on July 1, 2014 – said that the total population of Delhi is approximately 25 million. As per the UN report, the most populous city in the [...] Continue Reading »
Property bubble in China is not a new topic. Economists have for quite a long time deliberated over the meteoric rise of home prices, and the runaway pace of new construction. There have been a lot of reports on “ghost cities” — newly constructed Chinese municipalities that were never occupied — led to frequent warnings [...] Continue Reading »
Cushman & Wakefield, global property consultant, said, the country was able to retain 10th rank in Asia Pacific despite the investment in the real estate fell by 65% to $1.2 billion during 2013. Investment in real estate sector in India stood at $3.4 billion during 2012. “In the real estate sector India has received a [...] Continue Reading »
215 infrastructure projects worth seven lakh crores would be affected due to shortage of certified welding engineers, said PK Das, president of Indian Institute of Welding. He also added, as compared to 22,000 certified welding engineers in China, India is home to just around 600 qualified engineers or postgraduates in welding, recognizing the need for [...] Continue Reading »
The orders are given by an Inter-Ministerial Group (IMG) which analyzed the mega projects in the steel sector with an objective to fast-tracking them. Center has asked major steel PSUs to established stockyards in rural areas to encourage per capital steel consumption. IMG says that the Visakhapatnam Steel Plant’s (VSP) Hyderabad stockyard is established at [...] Continue Reading »
In drop-down of wealth, India has one of the worst records. As per the records of last year for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs) whose net assets are over $30 million without their primary residence. For every billionaire in Japan there were 609 UHNIs. In Brazil [...] Continue Reading »
Intercontinental Hotels Group (IHG), a UK-based leading hospitality chain, after five decades in India and 19 hotels, is planning to open 45 more properties in the next three to four years. Next to China, within Asia, this is the second highest pipeline. In the Indian market the company has put in $390 million and is [...] Continue Reading »
