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Saudi Arabia To Auction Detained Tycoon’s Real Estate Assets; India Take A Note!
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Saudi Arabia To Auction Detained Tycoon’s Real Estate Assets; India Take A Note!

Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, was detained last year for unpaid debts…

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Stock market update: Over 170 stocks hit 52-week lows on NSE
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Stock market update: Over 170 stocks hit 52-week lows on NSE

NEW DELHI: Over 170 stocks, including Bharti Airtel, Bharti Infratel, Eicher Motors and 8K Miles Software Services, hit 52-week lows on NSE in Wednesday’s session. Bandhan Bank, HUDCO, Indiabulls Real Estate, ICICI Securities, J.Kumar Infraprojects, Jaiprakash Power Ventures, Jubilant Industries, Kewal Kiran Clothing, Max Financial Services, Supreme Industries, Tata Communications, TI Financial Holdings, TPL Plastech,…

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Naina Lal Kidwai appointed Altico Cap’s independent chairperson
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Naina Lal Kidwai appointed Altico Cap’s independent chairperson

Oct 01, 2018, 11.10 PM ISTThe appointment comes in the backdrop of the company’s plan to double its loan book to $2 billion over the next 18 months.Altico Capital India, the real estate-focused non-banking financial company (NBFC) backed by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, has appointed Naina Lal Kidwai as the…

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China stocks rebound as stimulus hopes offset trade war concerns
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China stocks rebound as stimulus hopes offset trade war concerns

SHANGHAI: China stocks rebounded strongly for the second straight day on Wednesday as investors piled into property and consumer stocks, betting Beijing will intensify stimulus measures to cushion the impact of an escalation in the Sino-US trade war. The blue-chip CSI300 index rose 1.3 per cent to 3,312.48, while the Shanghai Composite Index gained 1.1…

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