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Home-loan curbs to deepen crisis for Indian developers

Bloomberg The liquidity crunch facing property firms and their lenders in India may deepen after the National Housing Bank restricted certain mortgage-payment plans that developers typically use to push sales. The nation’s housing regulator advised home financiers to cease offering advances for so-called subvention plans. Such plans are staggered or back-end payment contracts where the builder pays the interest on ...

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‘India should ease law on firing workers’

Bloomberg India should ease norms for hiring and firing workers to make it easier for companies to do business in the country, according to an ex-adviser to PM Narendra Modi’s government. Easing the rules are crucial for employers, as their primary aim is not to fire workers, Arvind Panagariya, the head of government think-tank NITI Aayog, said in New Delhi. ...

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Huawei rewards staff for revenue growth amid US ban

Bloomberg Huawei Technologies Co quickened revenue growth to roughly 30 percent in the first half after select teams secured critical supplies to keep production going despite US technology export restrictions, people familiar with the matter said. Two months into a Trump-administration ban that cut Huawei off from American suppliers, China’s largest technology company is starting to feel the pinch. Still, ...

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