All
 

 

Just in:  

You are here: Home»Business»Real Estate

Real Estate

Archive

India MUMBAI: India's top listed real estate developer DLF missed analysts' estimates with a 19 percent fall in quarterly profit, and warned that the central bank's actions to tighten liquidity will likely temper sector growth in the current fiscal year. The weak results pushed the stock down nearly 5 percent in early trade on Wednesday, to its lowest level in two years. DLF shares were down 4 percent at 210.40 rupees. DLF also plans to divest assets worth 60 billion to 70 billion rupees over the next two to three years as it looks to reduce debt, the company said in an analyst presentation. Property prices in major Indian cities like Mumbai and New Delhi have more than doubled over the past 18 months, spurred by rising incomes and a firm stock market, but sales volumes are down by a third from a year ago as high prices and rising borrowing costs deter buyers. India's ...


 



 
Index Closing Chg%
Arrow DJIA 15,387.58 0.34
Arrow Nasdaq 3,502.12 0.16
Arrow S&P 1,669.16 0.17
Arrow FTSE 6,803.87 0.71
Arrow DAX 8,472.20 0.19
Arrow CAC-40 4,036.18 0.33
Arrow Nikkei 15,381.02 0.13
Arrow H.Seng 23,366.37 0.54
Arrow Sensex 20,111.61 0.56






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln