Blog - Page 5197

Prices zoom with IT

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MUMBAI: Infotech and ITeS companies have been the main drivers of the commercial property market, and according to market surveys, 80% of the leasing and buying activity in recent months has been by IT-related companies. Significantly, the IT sector is entering the property market at the high-end, with demands for customised campus development or build-to-suit

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Oil stays below $50 a barrel mark

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Oil prices have slipped back from record levels, narrowly avoiding a breach of the $50 a barrel mark. Fresh violence in Iraq triggered yet another oil price surge on Friday, before dealers starting taking profits. New York light crude rose as high as $49.40 after reports of a new attack on an Iraqi oil pipeline,

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Oil nears key $50-a-barrel mark

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Fresh violence in Iraq has seen oil prices surge to new records, nearing $50 a barrel. New York light crude reached $49.27 a barrel for the first time in European trading, following reports of a new attack on an Iraqi oil pipeline. Purnomo Yusgiantoro, president of oil cartel Opec, told reporters he was concerned about

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