India's finance minister relaxes borrowing norms for real estate firms and extends loan subsidy for affordable housing, but industry leaders deem it insufficient.
India's Govt Pushes Banks to Lower Lending Rates Amid Economic Slowdown
JP Morgan Chase eyes 18% stake in Core Hotels Ventures for $14m, subject to final approval from Finance Minister P Chidambaram. FDI received previously from Indus Hotels Mauritius.