Luxury property market is a boon to Trump's biz
Financial Express Ahmedabad|December 10, 2024
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.
ALEX TRAVELLI & SUHASINI RAJ New Delhi/Kolkata, December 9

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.

This story is from the December 10, 2024 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 10, 2024 edition of Financial Express Ahmedabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS AHMEDABADView All
EY case puts spotlight on white-collar labour laws
Financial Express Ahmedabad

EY case puts spotlight on white-collar labour laws

● Decades-old laws largely focused on blue-collar workers

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

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.

time-read
1 min  |
December 12, 2024
Why international stars are pulling out of Hockey India League en masse
Financial Express Ahmedabad

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.

time-read
2 mins  |
December 12, 2024
Financial Express Ahmedabad

US hotels welcome Indian tourists with chai, samosa

POST-COVID BOOM

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

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.

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

Credit card issuance slows in Q1: Report

THE ISSUANCE OF new credit cards in the first quarter of FY25 declined by over 34% compared to the same period last fiscal—to 4.4 million from 6.7 million—according to the latest CreditScape report by CRIF High Mark.

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

Equirus Wealth crosses ₹10K cr in assets under management

WEALTH MANAGEMENT FIRM

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

Sebi notifies tighter insider trading rules

WIDENING THE NET

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

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.

time-read
1 min  |
December 12, 2024
Financial Express Ahmedabad

Making digital work for women

UPI's ease of use allows them to expand business

time-read
1 min  |
December 12, 2024