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Under the proposed plan, the government is looking to develop 3-4 towers exclusively for financial institutions, a convention centre, marina.

The benchmark BSE Sensex recovered by 50 points in early trade on Wednesday, supported by value-buying in select blue-chip stocks amid positive global cues. The 30-share index was trading higher by 49.91 points or 0.21 per cent at 23,241.88.

Recently, Boeing signed a framework agreement with Tata Advanced Systems Limited (TASL) to collaborate in aerospace and defense manufacturing.

'India has the ability to get more attention, therefore it’s overweight compared to the rest of the emerging markets.'

SBI shares dropped about 6.5 per cent to close at Rs 156.40 on the BSE after its chairman Arundhati Bhattacharya predicted more pain for the next quarter.

Faced with huge non-performing assets (NPAs), SBI chairman Arundhati Bhattacharyaon on Tuesday said bad loans are expected to surge in the coming quarter, which may hit its profitability.

Stocks fell on the Tokyo Stock Exchange on Wednesday, hit by futures-led selling as the yen firmed up against the dollar. The Nikkei average slumped 218.07 points, or 1.36 percent, to end at 15,836.36. On Tuesday, it gained 31.85 points. The Topix index lost 14.61 points, or 1.13 percent, to ...