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  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the reality in Asia's third-largest...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's...

  • MIAMI, Aug 26- A tropical storm watch was extended to the Dominican Republic and the Bahamas on Wednesday as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly on Wednesday and could reach hurricane status...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • MIAMI, Aug 26- Tropical storm warnings were in effect on Wednesday for Puerto Rico and the Virgin Islands as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly overnight and could reach hurricane status over...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • Toll's home orders up as housing gathers steam Tuesday, 25 Aug 2015 | 6:27 AM ET
    A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, said orders have risen 16 percent so far in the quarter started August, outpacing the 12 percent rise in the third quarter, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, forecast an average selling price of $745,000 to...

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. U.S. homebuilders, including Toll...

  • Toll Brothers quarterly home orders rise 12 pct Tuesday, 25 Aug 2015 | 5:16 AM ET

    Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. The company's net income fell to...

  • NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...

  • Why India's Tata invested $100M in Uber Friday, 21 Aug 2015 | 12:20 AM ET
    Why India's Tata invested $100M in Uber

    Padmanabh Sinha, managing partner at Tata Opportunities Fund, says factors such as a sustainable model renders the investment in Uber a compelling partnership.

  • As part of the three-day visit, senior U.S. and Indian naval officers visited the shipyard in Newport News, Virginia, where Huntington Ingalls Industries Inc is building the USS Gerald R. Ford, the first in a new class of aircraft carriers, according to Navy spokeswoman Colleen O'Rourke and Huntington Ingalls spokeswoman Beci Brenton. The group also met with...

  • India gains as stock investors flee China pain Thursday, 20 Aug 2015 | 5:00 PM ET

    *Since the June rout in China, the Sensex has recovered. SINGAPORE, Aug 21- China's recent stock market pain is proving to be India's gain, with share prices in the south Asian nation reviving as investors who cut their holdings earlier this year switch out of Chinese equity markets and back into India's. "The euphoria of the China A-shares markets on the back of the...

  • Flamboyant Trump evolved into cautious businessman Thursday, 20 Aug 2015 | 11:42 AM ET

    NEW YORK— Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. But that's not his money, "says Don Peebles, a real estate developer who oversees a $5 billion real estate portfolio. In the past decade, Trump has struck deals to put his name on at least a dozen properties built and...

  • Indian government steps up rate cut pressure on RBI Thursday, 20 Aug 2015 | 5:18 AM ET

    NEW DELHI/ MUMBAI, Aug 20- Indian Finance Minister Arun Jaitley is stepping up pressure on the central bank to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points. After another weak quarter of corporate earnings and July inflation that undershot the...

  • MUMBAI, Aug 19- Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber has said it will invest $1 billion in...

  • JAISALMER, India, Aug 19- Two-and-a-half years after the completion of a new $17 million terminal building, the airport in Jaisalmer, a small and remote desert city in India's western Rajasthan state, stands empty. India has spent more than $50 million since 2009 on eight airports that do not receive scheduled flights- white elephants that are a reminder of the...

  • More yuan slides to come? This expert says yes Tuesday, 18 Aug 2015 | 11:54 PM ET
    More yuan slides to come? This expert says yes

    Subir Gokarn, director of research at Brookings India, says other countries competing with China in terms of exports will have to work with the assumption that there will be further depreciation in the yuan.