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Screenshot 2024-04-12 180919
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Real Estate: With over 42% Indians urbanites in 10 years, property sector to be worth USD 1.5 trillion

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Virendra Pandit New Delhi: With India urbanizing at a breakneck speed, its real estate sector will be worth USD 1.5 trillion by 2034, growing three-fold from USD 482 billion now, a media report, quoting a sectoral study, said on Friday. The sector’s share in India’s economic output is likely to rise to 10.5 percent in […]
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Roving Periscope: The Mideast on edge as Iran, and Israel brace for ‘Armageddon’

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Virendra Pandit New Delhi: Israel’s seven-month-long attempts to suck Iran directly into the conflict against Hamas, Houthi, and Hezbollah—the Tehran-supported terror outfits—and the Ayatollahs-run regime’s efforts to avoid exactly that may now have to come to a tipping point. The Middle East is on the verge of a wider conflagration between a nuclear power—Iran—and a […]
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Communist Vietnam: In a $27 bn fraud, a billionaire woman sentenced to death

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Virendra Pandit New Delhi: In a rare case of its kind in a Communist-ruled country, a leading billionaire woman realtor has been sentenced to death in Vietnam for defrauding over 42,000 people of USD 27 billion, which is equivalent to six percent of the Southeast nation’s GDP, the media reported on Thursday. According to reports, […]
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Amid Gaza War: Over 6,000 Indian workers going to Israel to rebuild construction sector

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Virendra Pandit New Delhi: Amid the ongoing ‘fight-to-finish’ conflict between Israel and the Hamas-ruled Gaza Strip, which has brought the real estate sector to a halt, nearly 6,000 Indian workers are going to urgently restart the construction projects stalled for over six months because of the ban on Palestinian workers’ entry. The workers from India […]
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Business

Roving Periscope: Ailing, but China rejects Fitch’s downgrade, claims its economy is stable

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Virendra Pandit New Delhi: Despite reeling under economic reverses since the outbreak of COVID-19 and its domino effect, particularly after its real estate sector went almost bust, China has, however, rejected Fitch’s fresh rating and claimed that its economy is “stable.” According to the media reports, China’s Finance Ministry denounced a report by Fitch Ratings […]
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Canada polls: No Indian interference in 2021 elections, official probe finds

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Virendra Pandit New Delhi: Debunking their own intelligence agencies’ claims, an official investigation into the 2021 elections in Canada has concluded that India did not interfere in the polls won by the current Prime Minister Justin Trudeau, the media reported on Wednesday. A panel of senior Canadian officials monitoring the 2021 elections in the North […]
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Business

Roving Periscope: In the fragile Chinese economy, a cement co goes bust in 15 minutes!

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Virendra Pandit New Delhi: The fragility of China’s economy on Wednesday led to a listed cement producer’s market value crashing 99 percent in just 15 minutes! According to the media reports, China Tianrui Group Cement Co suddenly came into the spotlight when it suspended stock trading on Wednesday following a sell-off that nearly wiped out […]
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Screenshot 2024-04-10 164347
Business

Law: SC junks its ruling, gives relief to Delhi Metro against Reliance Infra

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Virendra Pandit New Delhi: In a rare move, the Supreme Court of India on Wednesday lifted a Rs. 4,700 crore burden off the Delhi Metro Rail Corporation (DMRC), criticizing its own 2021 verdict that saddled a public utility with an exorbitant amount that has now swelled to nearly Rs. 8,000 crore. A three-judge Bench of […]
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Business

Roving Periscope: Pak gets 2 snubs in 2 days from 2 ‘friends’—the Saudis and the US

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Virendra Pandit New Delhi: A day after Saudi Arabia advised Pakistan to settle its “bilateral” issues with India, including Kashmir, Washington also refused to support Islamabad on its claims about New Delhi’s alleged role in killing nearly 20 terrorists. The US, which, like India, is in the middle of elections, is following a checks-and-balance policy—expressing […]
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Screenshot 2024-04-09 171057
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Weather: India may have normal monsoon rains this year, says Skymet

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Virendra Pandit New Delhi: Nearly two months ahead of the onset of rainy season, a private weather forecaster has predicted that India is likely to receive normal monsoon this year, giving respite to both the people, and the farmers—besides the government currently engaged in the Lok Sabha election. According to Skymet, monsoon rains are expected […]
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