The world’s most expensive home is a 27 storey, billion-dollar tower in Mumbai which was built for India’s richest man, Mukesh Ambani, who according to Forbes is the ninth wealthiest person on the planet with a fortune estimated to be $27 billion. The tower, which is called Antilia, was completed last year and dominates the
India’s Central Bank Repo Rate Stifles Market
July 27, 2011 by
A higher than expected lending rate hike by the State Bank of India, the country’s biggest lender, has markets reeling. India’s stock market fell this morning on the news of a point 5 percent increase, twice was was anticipated be experts. Sensex dropped some 353 points to 18.518, while the Nifty closed 105 points lower at 5,574. The Repo rate hike stands to stifle Indian recovery, according to some experts.
