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Rent-freeze plan sparks slide in NYC-linked REITs
Financial Express Kochi
|June 27, 2025
Shares of companies linked to New York City real estate fell on Wednesday as Zohran Mamdani, a state Assembly member who has vowed to freeze rents, looks all but certain to become the Democratic nominee for mayor.
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During his campaign ahead of Tuesday's primary, Mamdani called for a progressive agenda that also included cheaper groceries at government-owned stores and making city buses free, to be financed in part by tax increases. Former New York Governor Andrew Cuomo, who conceded on Tuesday night, has said Mamdani's plans would spur wealthy reside
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Financial Express Kochi
Hope India continues to develop Chabahar: Iran
UNDERLINING THAT INDIA can play a “constructive role” in the region, visiting Iranian Foreign Minister Seyed Abbas Araghchi Friday described his country’s Chabahar port a “golden gateway” and a “symbol of cooperation”, expressing the hope that India will continue to develop the strategic port.
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May 16, 2026
Financial Express Kochi
BRICS talks end; no joint statement
TOP DIPLOMATS FROM BRICS nations, including rivals Iran and the United Arab Emirates, failed to issue a joint statement on Friday after a two-day meeting in Delhi, leaving host India to release only a chair’s statement that exposed their differences.
1 min
May 16, 2026
Financial Express Kochi
Ackman bets big on Microsoft recovery
BILL ACKMAN SAID Pershing Square has built a new stake in Microsoft, taking advantage of a decline in the company’s share price to invest in a business that he said is stronger and more resilient than investors think.
1 min
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Financial Express Kochi
China to buy 200 Boeing jets, much lower than expected
TRUMP’S COMMENTS MARKED THE CLEAREST SIGNAL OF A MAJOR POST-SUMMIT DEAL
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May 16, 2026
Financial Express Kochi
Nvidia's China future still unclear
WHEN JENSEN HUANG, Nvidia’s chief executive, joined the group of American business leaders traveling with President Trump to Beijing at the last minute this week, many took it as a sign that progress was in store for the company’s long-stalled sales in China.
1 min
May 16, 2026
Financial Express Kochi
Centre to unify commerce ministry offices
THE MINISTRY OF Commerce and Industry is working on co-locating the offices of its various organisations into single locations across different state capitals to reduce travel and operational costs, Commerce and Industry Minister Piyush Goyal said in Mumbai on Friday.
1 min
May 16, 2026
Financial Express Kochi
Q1 margins seen holding steady, reports CareEdge
MARGINS ARE EXPECTED to remain broadly stable in Q1FY27, with limited downside risk, as easing deposit costs and sustained credit demand support banks’ earnings outlook, according to a report by CareEdge Ratings.
1 min
May 16, 2026
Financial Express Kochi
ITC Hotels Q4 net jumps 23%
ITC HOTELS REPORTED a consolidated net profit of ₹315.89 crore in the fourth quarter of FY26, up 22.96% from ₹256.90 crore in the year-ago period.
1 min
May 16, 2026
Financial Express Kochi
SC bats for rationalisation of airfares, asks govt to help
THE SUPREME COURT on Friday said there should be some rationalisation of airfares and asked the Centre to provide relief to flyers.
1 min
May 16, 2026
Financial Express Kochi
Modi signs defence and energy pacts with UAE
PM PRAISES ABU DHABI’S RESTRAINT IN HANDLING WEST ASIA WAR
1 mins
May 16, 2026
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