The Telangana Real Estate Regulatory Authority has restricted Beccun Infrastructures from creating third-party interests or engaging in transactions impacting flat buyers' rights in its Kompally project, following complaints of unauthorized construction and delays from over 200 flat buyers. The restraining order will remain in effect until further directives are issued by TG RERA.
Open FlipUS markets fell further on Thursday as profit booking continued from the post-election rally. Remarks from Fed Chair Jerome Powell acted as a key trigger behind the market fall. The Dow Jones fell over 200 points on Thursday, while the S&P 500 and the Nasdaq Composite declined 0.6% each. Fed Chair Jerome Powell in Dallas on Thursday said that the central bank "didn't need to be in a hurry".
Open FlipJPMorgan Chase & Co., in a first for any global bank, has set up a unit to develop derivative products in India’s newest international hub, according to people familiar with the matter. The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City.
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