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Keppel Land in JV to develop its first commercial property in India

SINGAPORE (Oct 1): Keppel Land, the property arm of Keppel Corporation, is developing its first commercial property in India through a joint venture.

Subsidiary Keppel Puravankara Development (KPDL), a joint venture company with an Indian property developer, Puravankara, entered into agreements to acquire a prime 3.09ha site from Metro Cash & Carry India.

Ascendas India Trust posts 1.42 cents DPU for 3Q

SINGAPORE (Jan 31): Ascendas India Trust has reported a distribution per unit of 1.42 cents for 3QFY17, a 5% increase from 3QFY16.

Total property income rose 7% to IDR 1.9 billion ($201,000) during the quarter, owing to the additional income contribution from CyberVale 3 that was acquired in March 2016 and Victor that was completed in June 2016.

There was also an addition IDR 15 million recognised from positive rental reversions.

This trust still has plenty of room to grow in India

SINGAPORE (Oct 27): DBS Group Research is maintaining its “buy” rating on Ascendas India Trust with a higher target price of $1.13 despite declaring a 2Q DPU of 1.37 cents, unchanged from a year ago due to the depreciation of the IDR against the SGD.

Ascendas India Trust posts unchanged DPU of 1.37 cents for 2Q

SINGAPORE (Oct 25): Ascendas India Trust has declared a 1.37 cents distribution per unit for 2QFY17, unchanged from a year ago.

Together with first quarter DPU of 1.36 cents, a total of 2.73 cents will be distributed for the half-year. This was slightly below 2.74 cents a year ago.

Uber aims to unseat Ola in US$10 bil India ride-hailing market

Amit Jain

BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-style twist at the end, the girl turns back at the school gate and calls out to him, “Have a nice day, Papa.”

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