Luxury property market is a boon to Trump's biz
Financial Express Delhi|December 10, 2024
Following Trump's win, a developer told local media about new deals. Like others, Indian firms buy land, build high-rises, sell the units and pay a fee to use 'Trump' name, which is putting India even more squarely in Trump Organization's sights
ALEX TRAVELLI & SUHASINI RAJ New Delhi/Kolkata, December 9

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.

Bu hikaye Financial Express Delhi dergisinin December 10, 2024 sayısından alınmıştır.

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

Bu hikaye Financial Express Delhi dergisinin December 10, 2024 sayısından alınmıştır.

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

FINANCIAL EXPRESS DELHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Delhi

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
Financial Express Delhi

US hotels welcome Indian tourists with chai, samosa

POST-COVID BOOM

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

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 dak  |
December 12, 2024
EY case puts spotlight on white-collar labour laws
Financial Express Delhi

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 Delhi

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 Delhi

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).

time-read
1 min  |
December 12, 2024
MFs, pension funds must be active in corp bond market: Setty
Financial Express Delhi

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 Delhi

Sebi notifies tighter insider trading rules

WIDENING THE NET

time-read
1 min  |
December 12, 2024
Prioritising inclusion in social networking
Financial Express Delhi

Prioritising inclusion in social networking

Famm Connect acts as a LinkedIn for the LGBTQ+ community

time-read
2 dak  |
December 12, 2024
Making digital work for women
Financial Express Delhi

Making digital work for women

● UPI's ease of use allows them to expand business

time-read
2 dak  |
December 12, 2024