Tc Benjamin

The world's best-performing new listing this year is a Hong Kong civil-engineering stock soaring for reasons that appear unrelated to its business.

It appears that proposed Navi Mumbai Airport has once again run into troubled waters. Negotiations between the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO) and the Project-Affected People (PAP), mostly farmers whose land would be acquired for the project, hit fresh deadlock.

The world's best-performing new listing this year is a Hong Kong civil-engineering stock soaring for reasons that appear unrelated to its business.

It appears that proposed Navi Mumbai Airport has once again run into troubled waters. Negotiations between the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO) and the Project-Affected People (PAP), mostly farmers whose land would be acquired for the project, hit fresh deadlock.