Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Delhi’s <keyword id="90899" type="UNKNOWN" weightage="100" keywordseo="Connaught-Place">Connaught Place</keyword> has slipped one place to become the world’s eighth costliest office location, according to property consultant Coldwell Banker Real Estate (CBRE). Mumbai’s <keyword id="102951" type="UNKNOWN" weightage="100" keywordseo="Bandra-Kurla-Complex">Bandra Kurla Complex</keyword> (BKC) was ranked 16th and <keyword id="6391251" type="COMPANY" weightage="100" keywordseo="Nariman-Point">Nariman Point</keyword> 32nd in the list of Top 50 Costliest Global Office Markets. 
 
“At more than $150 per sq. ft. per annum, Delhi’s traditional central business district (CBD) of Connaught Place was ranked as the eighth most expensive office market in the world,” CBRE said. 
 
Last year, Connaught Place was ranked seventh while BKC and Nariman Point were at 15th and 32nd positions, respectively. 
“London’s West End remained the world’s highest priced office market, followed by Hong Kong (Central) and Beijing (Finance Street),” CBRE said. 
 
CBRE South Asia chairman &amp; MD Anshuman Magazine said, “This downward change in rankings in the CBD is due to a recovery in the global market. Locally, however, the demand levels remain stable and due to a lack of new supply, values remain high.” 
 
CBRE tracks occupancy costs for prime office space in 126 markets across the world. The survey provided data on the basis of office rents and occupancy costs as on 31 March, 2014. CBRE noted that Connaught Place remains highly sought after by corporate office occupiers because of its central location.

Connaught Place Slips One Notch, Becomes
World’s 8th Most Expensive Office Location

Keeping in mind the space crunch in India’s financial capital, the <a href="http://www.businessinsider.in/searchresult.cms?query=Nitin+Gadkari">Nitin </a><a href="http://www.businessinsider.in/searchresult.cms?query=Nitin+Gadkari">Gadkari</a>-led<a href="http://www.businessinsider.in/searchresult.cms?query=+Shipping+Ministry"> Shipping Ministry</a> is mulling over the construction of a towering ‘business district’ on the <a href="http://www.businessinsider.in/After-MonorailMumbai-Gets-Commercial-Seaplane-Service-Now-Fly-To-Aamby-ValleyUnder-30-Minutes/articleshow/30946666.cms">Mumbai </a>port Trust land. It is an initiative by the ministry to monetize the asset and develop it as India’s tallest commercial building. 
 <keyword id="26680" type="PERSON" weightage="20" keywordseo="Nitin-gadkari">Nitin Gadkari</keyword>, the Minister of Road Transport and Highways of India told The Economic Times, "It will be a 130-storey building and will house mostly offices along with other amenities. We are working on the plan and it's still in initial stages.” 
 
Interestingly, this ambitious project that may cost more than Rs 10,000 crore is unlikely to receive any financial help from the government. In fact, it will be financed with the funds raised from the pre-booking of space from public and private sector units. 
 
The sky-high building would be constructed in the surrounding area of <a href="http://www.businessinsider.in/searchresult.cms?query=Nariman+Point">Nariman Point</a>, the fort area in South <keyword id="6358070" type="COMPANY" weightage="20" keywordseo="Mumbai">Mumbai</keyword> that was once considered as Mumbai’s leading business district. However, the exact location and contours of the project are yet to be finalized. The ministry is engaging an international consultant to prepare the blueprint for the project. 
 
A senior government official, requesting anonymity, informed that a separate master plan for the port land would be prepared and this building would be a part of it. 
 
If sources are to be believed, the government might undertake the project on its own and the land won’t be given to the private builders for any kind of redevelopment. 
 
"If the logistics issues of evacuation of people without stressing the cargo-laden port roads are addressed, the proposed 130-storey building will have a demonstrative effect on a mechanism for monetising land assets owned by ports," said Jaijit Bhattacharya, Partner-Infrastructure at KPMG. 
 
 Image: Reuters

India’s tallest building will come up in one of it’s longest cities!

<keyword id="90899" type="UNKNOWN" weightage="20" keywordseo="Connaught-Place">Connaught Place</keyword>, which is modelled after <keyword id="2908181" type="UNKNOWN" weightage="20" keywordseo="Royal-Cresent">Royal Cresent</keyword> in Bath, is one of the largest financial, commercial and business centres in the national capital. And now as per CBRE Research's semi-annual <keyword id="2908182" type="UNKNOWN" weightage="20" keywordseo="Global-Prime-Office-Occupancy-Costs-survey">Global Prime Office Occupancy Costs survey</keyword>, CP, as what the locals call it, has been ranked fifth most expensive prime office mark in the world with a rent of around $157 per sq ft per annum. 
 
While with an overall occupancy cost of $267 per sq ft per annum, the top spot was secured by London West End, Asia continued to rule on four of the top five markets. 
 According to the survey, <keyword id="6369995" type="UNKNOWN" weightage="20" keywordseo="Bandra-Kurla-Complex">Bandra-Kurla Complex</keyword> (BKC), a business district in North Mumbai, stands at the 15th position while the city's CBD of <keyword id="6391251" type="COMPANY" weightage="20" keywordseo="Nariman-Point">Nariman Point</keyword> is at the 30th position. 
 
Anshuman Magazine, managing director of CBRE South Asia, told The Economic Times, "Although Delhi's Connaught Place moved up one spot in the rankings, due to the rupee depreciation; however, occupancy costs in this market remained largely stable due to a positive market sentiment.” 
 
He added, “Mumbai's BKC and Nariman Point showed a nominal decrease of less than 1 percent over a 12-month period; while y-o-y office occupancy costs rose by about 2.2 percent in the Bangalore CBD, broadly in line with global inflation." 
(Image: www.delhirealestateguy.com)

​Delhi’s colonial heart, Connaught Place is 5th most expensive office market across the globe

<ul><li>The 4,000 paintings in the <keyword id="2573" type="COMPANY" weightage="20" keywordseo="Air-India">Air India</keyword> office, <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> are to be given away to the National Gallery of Modern Art, Delhi next week. </li><li>The artists of these paintings include the celebrated MF Husain, VS Gaitonde, Jatin Das and Anjolie Ela Menon. </li><li>This decision was taken after the prime minister approved the proposal of selling the AI Mumbai office in the process of disinvestment of the airlines. </li></ul> The Maharaja Collection of about <a href="https://indianexpress.com/article/business/aviation/air-india-artworks-paintings-at-mumbai-office-to-ngma-5244893/">4,000 paintings</a> in the Air <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> office in Mumbai is expected to be given away to the National Gallery of Modern Art (<keyword id="6430853" type="ORGANIZATION" weightage="20" keywordseo="ngma">NGMA</keyword>) in Delhi. The paintings should reach Delhi by the AI planes next week. This decision was taken after the prime minister approved the proposal of selling the AI building at Nariman Point, South Mumbai to the Shipping Ministry. This is being done after the government took a decision of <a href="https://timesofindia.indiatimes.com/business/india-business/ai-disinvestment-process-moving-expeditiously-says-govt/articleshow/62433840.cms">disinvesting </a>in the airlines that has been facing huge debts and losses for a while now. The Maharaja Collection includes paintings by several celebrated artists including MF Husain, VS Gaitonde, Jatin Das and Anjolie Ela Menon. Instances of <a href="https://www.thenational.ae/world/asia/air-india-s-massive-art-collection-comes-under-scrutiny-1.677348">negligence and mismanagement</a> of the expensive art pieces by AI were commonly heard and the paintings had been gathering dust at the office. The Centre had ordered NGMA to collect the artwork as a donation from AI since it is the only institution in India to have the authority to collect and display modern art. NGMA also plans to exhibit some of the pieces at its Jaipur House building. The government of Mumbai had begun taking inventory of the collection in 2014 and had found that some valuable pieces were not properly preserved. Last year, the Minister of State for Civil Aviation, Jayant Sinha, had announced that he hoped to ensure a safe custody for the artwork soon. For the same purpose, setting up of a museum at Nariman Point building was proposed with a budget of ₹ 50 million. However, the tender was never awarded since it was not certain whether the <keyword id="34984" type="ORGANIZATION" weightage="20" keywordseo="airline">airline</keyword> would continue to operate or not. There are no official estimates of the worth of the entire collection of the art at the AI Mumbai office. It has about 7,000 items including the 4,000 paintings, stone sculptures, wooden frames, decorative items and clocks. Some of the items even date back to the 9th century. The collection was built over more than 60 years after Independence and was driven by JRD Tata who wanted to put “a little bit of India” in the offices of the erstwhile Tata Airlines.

AI to “donate” its Maharaja Collection of 4,000 paintings

Union Environment and <keyword id="136545" type="POSITION" weightage="60" keywordseo="Forest-minister">Forest Minister</keyword> <keyword id="119642" type="PERSON" weightage="80" keywordseo="Prakash-Javadekar">Prakash Javadekar</keyword> granted environment clearance for the ambitious 35-km-long coastal road project between Nariman Point and Kandivali in Mumbai. 
 It was announced by <keyword id="26806" type="POSITION" weightage="80" keywordseo="Maharashtra-Chief-Minister">Maharashtra Chief Minister</keyword> <keyword id="6355042" type="PERSON" weightage="80" keywordseo="Devendra-Fadnavis">Devendra Fadnavis</keyword> today, according to a PTI report. 
	 

	"Thank you @PrakashJavdekarjee for approving coastal road for Mumbai. It's a dream come true. Best gift to Mumbai by Modiji's Govt," Fadnavis tweeted after meeting Javadekar in Delhi this morning. 
	 

	"Coastal road will decongest the traffic of Mumbai and will create 91 hectares of green spaces. Taking Mumbai infra to next standard. Earlier govt. was talking about coastal road for 5yrs. I'd promised Mumbai that will get it approved in 5 months," he said. 
	 

	"Happy it took even lesser time. Timeline of Mumbai coastal road clearance. Draft Notification by 15th June. Final notification by 15th August," the chief minister said in series of tweets. The <keyword id="6356172" type="ORGANIZATION" weightage="80" keywordseo="Maharashtra-government">Maharashtra government</keyword> signed a Memorandum of Understanding on June 6 with the government of the <keyword id="44173" type="COUNTRY" weightage="80" keywordseo="Netherlands">Netherlands</keyword> to obtain technical advice on feasibility of building metro track along the proposed coastal road connecting north and south Mumbai. 
	 

	The coastal road project was conceived by the previous Congress-NCP government after it decided to drop the extension of the Bandra-Worli sea link project up to Haji Ali. 
	 
	(Image: Indiatimes)

Boost for Mumbai infrastructure, Centre clears coastal road project

According to CBRE Research's Global Prime Office Occupancy Costs bi-annual survey, Delhi's <keyword id="90899" type="UNKNOWN" weightage="20" keywordseo="Connaught-Place">Connaught Place</keyword> is now world’s seventh costliest office destination, slipping one notch. 
 
As per the property consultant CBRE, Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th. 
 
"With annual occupancy cost of USD 149.71 per sq ft, New Delhi's Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in the world," CBRE said in a statement. 
 
Hong Kong (Central) is the highest-priced office market with an overall prime occupancy costs of USD 290 per sq ft per annum, followed by London-Central (West End) with annual occupancy cost of USD 262.29. 
 
Beijing (Finance Street), Beijing (Central Business District) and Hong Kong (West Kowloon) are at third, fourth and fifth positions, respectively. 
 
Tokyo (Marunouchi/Otemachi), London-Central (City), New York (Midtown Manhattan) and Shanghai (Pudong) featured in the list of top 10 most expensive office markets globally. 
 
According to the survey, Asia continued to dominate the list of the world's most expensive office locations, accounting for seven of the top-10 markets. 
 
Global prime office occupancy costs, which reflect rent, plus local taxes and service charges for the highest-quality, prime office properties, rose 2.4 per cent year-on-year.

Delhi’s Connaught Place is world’s 7th most expensive office market

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">IHS Global InsightNariman Behravesh, Chief Economist from IHS Global Insight spoke to Business Insider in Davos for the WEF meeting.</div></div></div>A "soft Brexit" is seen as the most preferable option for businesses and people who backed "Remain" because it would allow Britain to keep close ties with the European Union and continue its commitment to the four freedoms, such as freedom of movement.However, Dr. Nariman Behravesh, chief global economist at <a href="https://ihsmarkit.com/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://ihsmarkit.com/&amp;source=gmail&amp;ust=1484401929432000&amp;usg=AFQjCNFlQAc1wXpk-hVge0vG-Kg2i4fu0Q">IHS Markit</a> told Business Insider, ahead of the World Economic Forum meeting in Davos, Switzerland this week, that if nothing much changes, this could spark greater political risks."I think there are two aspects to potential Brexit risks," said Dr. Behravesh to BI."The first one, once Article 50 is triggered, what are they going to do in negotiations and how will this benefit the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword>. There will be a lot of to-ing and fro-ing and to be honest, a lot of businesses and markets are starting to ignore it completely."However, actually from two to three years from now, if [Brexiteers] feel nothing has changed or there are no prospects of big changes, it could become more and more contentious and political risks could become quite [heightened]."The World Economic Forum starts in Davos, Switzerland on Tuesday. According to the WEF's benchmark <a href="http://www3.weforum.org/docs/GRR17_Report_web.pdf">"Global Risks" report for 2017</a>, the five biggest risks to doing business globally do not include Brexit, populism, or terrorism. <a href="http://uk.businessinsider.com/wef-global-risks-report-2017-not-brexit-populism-but-unemployment-energy-prices-2017-1">They are unemployment or underemployment, energy price shock, fiscal crises, failure of national governance, and profound social instability.</a>Dr. Behravesh pointed out to BI that the people who feel "left behind" are the ones giving rise to populist <keyword id="6358883" type="PERSON" weightage="60" keywordseo="Politics">politics</keyword> that got President-elect Donald Trump the most powerful position in the world, as well as Britain voting for a Brexit by a slim majority on June 23, last year.Since then, there has been much speculation on when May will trigger Article 50 and therefore start the two-year negotiation period. March 2017 is the current target date but a <a href="http://uk.businessinsider.com/supreme-court-article-50-appeal-government-faces-gruelling-brexit-questions-2016-12">Supreme Court case will rule in January 2017 whether she will have to get permission from parliament to do this.</a> This could slow things down.While May said she will not give a "running commentary" on how negotiations are going, she has made it clear in various speeches that her government is prioritising immigration restrictions. This would imply a "hard Brexit" - leaving the EU without access to the Single Market.However, a "hard Brexit" would be a seismic shift in how Britain operates with Europe and that would mean major changes to immigration - t<a href="http://uk.businessinsider.com/brits-want-immigration-control-over-single-market-in-brexit-eu-talks-2017-1">he single biggest factor for a majority of Brexiteers voting to leave the EU.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/alibaba-founder-meets-trump-pledges-create-1-million-us-jobs-politics-2017-1">Alibaba founder Jack Ma meets with Trump</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="JsZmh0ODE6W_Sso5Hn8yR2ptr1S-lxv3" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

PROMINENT ECONOMIST: A 'soft Brexit' could heighten political risks

New Delhi, Jun 11 () Hariyana Ship Breakers Ltd on Thursday said its business has been impacted due to the coronavirus pandemic but the impact is not fully ascertainable at this time. It said both Mumbai and Bhavnagar where its operations are based are under lockdown and it continues to provide work from home to employees. "In the ambit of the prevailing Force Majeure conditions, the impact of the COVID-19 pandemic is presently not completely ascertainable and the same will depend on how quickly the global economy recovers. The business of the company has been impacted by the COVID-19 pandemic," the company said in a regulatory filing to the BSE. It said that currently, it is not possible to quantify the impact on the company's profitability or financial position but the firm does not expect any major impact on its operations and profitability. The firm said its registered office is situated at Nariman Point, Mumbai, which falls under red zone and is under lockdown. Hence, the operations at the office are suspended at present. However, all the employees based there have been allowed the facility to work from home where their job duty permits it, until further notice by the management. It said it started operations at Bhavnagar, Gujarat, from May 26 following necessary permission from the state government on partial capacity due to shortage of manpower, as some of the migrant workers have left during lockdown to their respective states. The company expects them to return back in coming months, Hariyana Ship Breakers said. About restarting of the complete operations, it said the company will restart complete operations in the next few months depending on the offtake rising to pre-lockdown levels as allowed by the Maharashtra and Gujarat governments and also availability of adequate manpower. NAM HRS

Biz hit due to COVID-19, extent of impact difficult to ascertain for now: Hariyana Ship Breakers

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="https://www.flickr.com/photos/russelljsmith/9486459/in/photolist-QBZD-ee93j5-ecRFef-aJMYxv-eebbhL-5CwqzG-vecHx-ofPy2-ofP4R-ofNtK-ofMYQ-ofMrr-7U3Afv-kngfR-9fWqQG-caw367-xXuK5-eenWjw-aJMZwp-aJMYgM-aJMXNH-aJMXJR-aJMXAZ-4DsjtB-aJMWR6-aJMWGe-aJMWgn-aJMTHK-aHsMwn-aFmMkR-aFmM8K-aFmLX2-aFmLaK-a7eKEi-a7hAaf-a7hzRy-a7eH44-a7hz8A-a7eEQZ-a7eECF-a7eCFi-a7huPh-a7huvh-a7hufu-a7eATX-a7eADB-a7hsSh-a7hsDG-a7hrBy-5NPtYz">Flickr/Russell James Smith</a></div></div></div>Oil prices are more than 70% lower than they were in the Summer of 2014. Right now, they're around $26.40 per barrel. But according to IHS Insight's chief economist Dr. Nariman Behravesh, responsible for a team of over 400 economists, worse is yet to come."Is it feasible for oil to reach $20 per barrel in 2016? - Yes it is. Oil can reach $20 this year. But if it does, it will be temporary, because at those prices a lot of production will be unprofitable and will cease," said Dr Behravesh in an interview with Business Insider on the sidelines of the <a href="https://www.weforum.org/events/world-economic-forum-annual-meeting-2016">World Economic Forum</a> in Davos, Switzerland.Saudi Arabia is arguably to blame for hurting its own economy because it is a "swing producer,"<a href="http://uk.businessinsider.com/oil-prices-2015-saudi-arabia-hit-hard-and-withdraws-cash-from-funds-2015-9">meaning it produces so much oil that it can shift prices depending on how much of the product it releases to the market</a>.<a href="http://uk.businessinsider.com/saudi-arabia-budget-deficit-2015-and-oil-prices-2015-12">Saudi Arabia's entire economy is being hit badly</a>.<a href="https://www.saudiembassy.net/files/PDF/News/Ministry_of_Finance_2016_Budget_report.pdf">The country reported that its budget deficit</a> - the amount in which expenditures exceed revenue - for 2015 hit $98 billion (£65.7 billion). It's spending more while less money is coming in - mainly thanks to low oil prices.So Saudi Arabia has the power to boost its economy with a simple policy shift.Dr. Behravesh pointed out that the pain it is feeling from keeping the oil prices low will not stop the country from cutting supply any time soon.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">IHS Global InsightNariman Behravesh, Chief Economist from IHS Global Insight spoke to Business Insider in Davos for the WEF meeting.</div></div></div>"The Saudis are willing to play the 'long game.' While their budget is under pressure, they still have ample forex reserves and will able to last at least another year and possibly two," said Dr. Behravesh."The winners are consumers of oil in the developed world and also in the emerging world, for example India. The losers are high cost oil producers such as Russia and Venezuela."Some 2,500 people from over 100 countries for are in Davos for the WEF meeting. China's slowdown is also being scrutinized by delegates as a key economic risk. Dr. Behravesh said that since the slowdown has been "well known" for some time - a huge bubble isn't about to pop and sink the Western economies."China's economy has been slowing down for some time and its huge debt pile and vast amount of excess industrial capacity are well known problems," he said."The real reason for China's recent financial problems are the burst stock market bubble and the chaotic response of the government to the crash and the intense downward pressure on the exchange. This had spooked the markets and undermine confidence in Chinese policy makers."The exposure of the developed world to China is fairly small. The financial linkages are weak and the US and EU do not export that much to China. Assuming that China is able to stabilize its financial markets, then global markets will become calmer."So what are the other key risks for this year? Well, Dr. Behravesh says "it's the rising tensions between Iran and Saudi Arabia." "In the unlikely event that this escalates into a bigger conflict then the impact on oil markets could be very problematic." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/volkswagen-brand-chief-apology-ces-scandal-vw-herbert-diess-2016-1">Volkswagen's brand chief gave an extended apology before their CES keynote</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="Z2OTcxMDE6jEOoKMTCYmvKW9Pm28yMpX" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Oil can reach $20 this year because Saudi Arabia is willing to play the long game

Starting from Monday, the <keyword id="6354870" type="General" weightage="20" keywordseo="United-Arab-Emirates" source="Orion">United Arab Emirates</keyword> (UAE) will resume issuing tourist visas to those who have been <keyword id="11121292" type="General" weightage="20" keywordseo="fully-vaccinated" source="Orion">fully vaccinated</keyword> against <keyword id="8763838" type="General" weightage="20" keywordseo="Covid-19" source="Orion">Covid-19</keyword>. The move comes as the daily number of positive cases continued to drop in the country, having gone lower than 1,000 since last week. The vaccination rate was closing on the 92 per cent mark, the highest in the world after Malta. Both <keyword id="9897456" type="General" weightage="20" keywordseo="Federal-Authority-For-Identity-and-Citizenship" source="Orion">Federal Authority For Identity and Citizenship</keyword> (ICA) and the National Emergency Crisis and Disasters Management Authority (<keyword id="9500850" type="General" weightage="20" keywordseo="NCEMA" source="Orion">NCEMA</keyword>) jointly announced that application for tourist visas will be open to people from all countries who have received the World Health Organization (WHO)-approved vaccines. The UAE's official news agency WAM said: "This comes as part of the country's strategy to create a balance between public health and the activities of vital sectors, and in support of the national efforts to achieve sustainable recovery and economic growth." Travellers who wish to receive the benefits provided to individuals vaccinated in the UAE, like visiting malls and public spaces in Abu Dhabi, can register their vaccination via the ICA platform or Al Hosn application. As of June 3, the WHO-approved COVID-19 vaccines include AstraZeneca/Oxford/CoviShield, Johnson &amp; Johnson, Moderna, Pfizer/BioNTech, Sinopharm and Sinovac. WAM added that "passengers arriving on tourist visas must take a mandatory PCR test at the airport". Despite an entry ban, India continued to be the <keyword id="6354539" type="General" weightage="20" keywordseo="Dubai" source="Orion">Dubai</keyword> International Airport's) top destination country by traffic volume in the first half of 2021 with passenger numbers exceeding 1.9 million, reported Gulf News. Emirates airlines continues to be the preferred choice of Indians travelling to the US and Canada and Dubai is a convenient place for transit. Earlier this year in March, the UAE Cabinet had approved a five-year multiple entry tourist <keyword id="6359421" type="General" weightage="20" keywordseo="visa" source="Orion">visa</keyword> for all nationalities. Otherwise, the tourist visa is granted for either 30 days or 90 days. Indian citizens with valid visa of the US or UK are also eligible for visa on arrival. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/environment/news/mumbais-nariman-point-mantralaya-areas-will-be-submerged-by-2050-if-people-dont-wake-up-says-citys-municipal-chief/articleshow/85710647.cms">Mumbai's Nariman point, Mantralaya areas will be submerged by 2050 if people don’t ‘wake up’, says city’s municipal chief</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/enterprise/enterprise-software/news/freshworks-files-for-an-ipo-in-the-us-looks-to-raise-100-million/articleshow/85707900.cms">Freshworks files for an IPO in the US, looks to raise $100 million</a>

UAE to resume issuing tourist visas to fully vaccinated travellers from Monday

<ul><li>A prolonged use of strict coronavirus confinement policies in China could slow global growth by 0.4 percentage points in 2020, according to IHS Markit economists.</li><li>The research firm's base case hinges on the lifting of confinement measures in February, keeping the hit to annual global growth to a modest 0.1 percentage point.</li><li>A more "severe" situation would see containment methods remain in place through the end of February and hit China's annual growth by 1.5 percentage points. </li><li>The team added that, while China was faster to curb contagion than during 2003's SARS outbreak, the country is now a greater portion of global GDP and supply chains are more interconnected than ever before.</li><li><a href="https://www.businessinsider.com/">Visit the Business Insider homepage for more stories.</a></li></ul>IHS Markit has a dire new GDP projection for a worse-than-expected conclusion to the coronavirus outbreak.Economists continue to lower their expectations for global growth as the epidemic cuts into demand in China and cripples supply chains around the world. The Chinese government ordered factory closures and weeks-long quarantines to curb further spreading of the deadly virus. Uncertainty around the outbreak's future has the financial sector scrambling to quantify its long-term economic effects.IHS's base case calls for the confinement measures to be reversed throughout February and modestly slow global gross-domestic-product growth by 0.1 percentage point in 2020, to 2.5% from 2.6%. China would face the brunt of the slowdown with a 0.4 percentage-point hit to growth.The firm also detailed a more "severe" case that includes containment measures staying in place through the end of February. The prolonged closure of retail locations, factories, and offices would dent China GDP growth by 1.5 percentage points in 2020, IHS wrote. Global growth would slow by 0.8 percentage points in the first quarter of the year and 0.5 percentage points in the second quarter.The full-year reduction to GDP growth would reach 0.4 percentage points, according to the firm.IHS's economists indicate that, during the SARS epidemic of 2003, China's economy accounted for just 4.3% of global GDP. The nation now serves as the world's second-largest economy and makes up 16.5% of world GDP, setting up the coronavirus epidemic to hit global growth harder than SARS. The increasingly complex relationships among global firms are also contributing to the economic slowdown, IHS said."Mainland China's economy is not only much bigger than in 2003, but it is much more globally interconnected through supply chains and tourism," chief economist Nariman Behravesh and executive director Sara Johnson wrote, adding that the Chinese government's response to contain the outbreak was "much faster" than during the SARS epidemic.Novel coronavirus <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">has killed 2,012 people</a> and infected more than 75,000 as of Wednesday. The virus has spread to at least 26 countries, with single deaths in Japan, Hong Kong, the Philippines, Taiwan, and France reported so far.Now read more markets coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/commodities/news/gold-price-spikes-coronavirus-fears-falling-stock-prices-economic-outlook-2020-2-1028920097">Gold spikes to a nearly 7-year high as investors flee to safety amid coronavirus worries</a><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-new-biggest-bull-analysts-upgrade-solar-business-2020-2-1028919524">Tesla has a new biggest bull on Wall Street - and its optimism around the firm's solar business has shares soaring</a><a href="https://www.businessinsider.com/ashton-kutcher-technical-trends-startups-2020-2">Ashton Kutcher says that he identifies new startups to invest in by asking to see the smartphone home screen of everybody he meets</a><a href="https://www.businessinsider.com/intelligence/banking?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=wallstreet&amp;itm_campaign=banking-2"></a>

A top research firm lays out a bleak coronavirus scenario that would cause global growth to slow significantly in 2020

<ul><li>This is the second instance of <keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword> family getting threats on the hospital landline number.</li><li><keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> currently has a Z-Plus security cover, provided by the Central government.</li><li>In 2013, a letter sent in the name of terror outfit Indian <keyword id="1336187" type="General" weightage="50" keywordseo="mujahidin" source="Orion">Mujahidin</keyword> was delivered to Ambani's Maker Chambers office. </li></ul> Calls received by a hospital run by the Reliance Foundation threatening to kill Mukesh Ambani and his family members were the latest of the threats received by the billionaire industrialist. Mumbai Police on Thursday arrested Rakesh Kumar Mishra (30) from Darbhanga in Bihar for allegedly making calls to Sir H N Reliance Foundation Hospital here in the last two days, threatening to blow up the hospital and kill Ambani, his wife Nita and sons Akash and Anant. The caller had also threatened to blow up Antilia, the famous south Mumbai residence of the Ambani family on Altamount Road in South Mumbai . According of the city police, this is the second instance of Ambani family getting threats on the hospital landline number. On August 15 this year, the hospital had received at least nine calls threatening the Reliance Industries chairman and his family members, said an official. <keyword id="15181308" type="General" weightage="50" keywordseo="bishnu-vidu-bhoumik" source="Orion">Bishnu Vidu Bhoumik</keyword> (56) was arrested in connection with the calls. In November 2021, Mumbai Police increased the security outside Antilia following a tip given by a taxi driver about a possible threat, but investigation found there was no such threat. But an incident involving threat to the Ambani family earlier that year made national headlines and shook the state government. On February 25, 2021, an explosive-laden SUV was found parked on Carmichael Road in South Mumbai, near the Ambani residence. Police recovered a printed threat note inside along with gelatin sticks. The note this was only a "trailer" and there would be assembled explosives next time instead of just loose sticks. <keyword id="10875173" type="General" weightage="50" keywordseo="mansukh-hiran" source="Orion">Mansukh Hiran</keyword>, a Thane-based businessman, told police the SUV had been stolen from his possession. But the matter took a grim turn when Hiran was found dead in a creek in Thane a few days later, and an Assistant Inspector of Mumbai crime branch, <keyword id="1006310" type="General" weightage="50" keywordseo="sachin-waze" source="Orion">Sachin Waze</keyword> was arrested for alleged involvement in parking the SUV near Antilia and also for Hiran's murder. The affair also led to Mumbai Police Commissioner <keyword id="8848108" type="General" weightage="50" keywordseo="param-bir" source="Orion">Param Bir</keyword> Singh being shunted out. An angry Singh then accused then home minister Anil Deshmukh of asking police to collect money from bars in Mumbai; Deshmukh subsequently resigned and the CBI registered a corruption case against him. Mukesh Ambani currently has a Z-Plus security cover, provided by the Central government. The Central Industrial Security Force provides security to his residence. In 2013, a letter sent in the name of terror outfit Indian Mujahidin was delivered to Ambani's Maker Chambers office in Nariman Point area. It threatened him for supporting then Gujarat Chief Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword>. Mukesh Ambani's younger brother and industrialist Anil Ambani was in news for reason related to security in 2009 when pebbles were discovered in the fuel tank of his chopper. It was suspected that it was a sabotage attempt. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/world-bank-downgrades-indias-economic-growth-forecast-to-6-5-for-fy23/articleshow/94684137.cms">World Bank downgrades India's economic growth forecast to 6.5% for FY23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtel-rolls-out-5g-plus-in-8-cities-promises-20-30x-higher-speeds/articleshow/94679793.cms">Airtel rolls out 5G Plus in 8 cities, promises 20-30x higher speeds</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sensex-gains-156-points-led-by-metal-it-and-capital-goods-amid-foreign-capital-inflows/articleshow/94684483.cms">Sensex gains 156 points led by metal, IT and capital goods amid foreign capital inflows</a>

You Searched For "Nariman Point" and got 12 results

Connaught Place Slips One Notch, Becomes World’s 8th Most Expensive Office Location

BI India Bureau

India’s tallest building will come up in one of it’s longest cities!

BI India Bureau

Delhi’s colonial heart, Connaught Place is 5th most expensive office market across the globe

BI India Bureau

AI to “donate” its Maharaja Collection of 4,000 paintings

BI India Bureau

Boost for Mumbai infrastructure, Centre clears coastal road project

BI India Bureau

Delhi’s Connaught Place is world’s 7th most expensive office market

BI India Bureau

PROMINENT ECONOMIST: A 'soft Brexit' could heighten political risks

Lianna Brinded

Biz hit due to COVID-19, extent of impact difficult to ascertain for now: Hariyana Ship Breakers

PTI

Oil can reach $20 this year because Saudi Arabia is willing to play the long game

Lianna Brinded

UAE to resume issuing tourist visas to fully vaccinated travellers from Monday

IANS

A top research firm lays out a bleak coronavirus scenario that would cause global growth to slow significantly in 2020

Ben Winck

Ambani family has been target of threats over the years

PTI

Popular Keywords

Buying Guides

You Searched For "Nariman Point" and got 12 results

Connaught Place Slips One Notch, Becomes World’s 8th Most Expensive Office Location

BI India Bureau

India’s tallest building will come up in one of it’s longest cities!

BI India Bureau

​Delhi’s colonial heart, Connaught Place is 5th most expensive office market across the globe

BI India Bureau

AI to “donate” its Maharaja Collection of 4,000 paintings

BI India Bureau

Boost for Mumbai infrastructure, Centre clears coastal road project

BI India Bureau

Delhi’s Connaught Place is world’s 7th most expensive office market

BI India Bureau

PROMINENT ECONOMIST: A 'soft Brexit' could heighten political risks

Lianna Brinded

Biz hit due to COVID-19, extent of impact difficult to ascertain for now: Hariyana Ship Breakers

PTI

Oil can reach $20 this year because Saudi Arabia is willing to play the long game

Lianna Brinded

UAE to resume issuing tourist visas to fully vaccinated travellers from Monday

IANS

A top research firm lays out a bleak coronavirus scenario that would cause global growth to slow significantly in 2020

Ben Winck

Ambani family has been target of threats over the years

PTI

Popular Keywords

Buying Guides

Delhi’s colonial heart, Connaught Place is 5th most expensive office market across the globe