WHEN DONALD J. Trump started his first campaign for the presidency, two Trump-branded buildings were going up in India, one in the financial capital of Mumbai and the other nearby in Pune. Before he won in 2016, the Trump Organization expanded its business in India, signing deals in two more big cities.
The day after Trump's victory in November, a developer in India told local media about half a dozen new deals. Like the others, Indian firms buy the land, build the high-rises, sell the units and pay a fee to use the Trump name.
These deals are putting India even more squarely in the Trump Organization's sights. And with Trump on his way back to the White House, the country is emerging as center stage for potential conflicts of interest.
In Trump's first term, it was uncharted territory for a sitting US president to have extensive business interests in foreign countries. During his second term, the Trump Organization aims to issue a more limited ethics plan that is unlikely to significantly curb its growth.
Denne historien er fra December 10, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 10, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
US hotels welcome Indian tourists with chai, samosa
POST-COVID BOOM
Why international stars are pulling out of Hockey India League en masse
IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.
EY case puts spotlight on white-collar labour laws
● Decades-old laws largely focused on blue-collar workers
Rupee gains 2p to settle at 84.83
THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
Sebi notifies tighter insider trading rules
WIDENING THE NET
Prioritising inclusion in social networking
Famm Connect acts as a LinkedIn for the LGBTQ+ community
Making digital work for women
● UPI's ease of use allows them to expand business
