SEC chief wants regular investors to get access to private...

SEC Chairman Jay Clayton said more needs to be done to make it easier for companies to go public.

Invest in You: Ready. Set. Grow.

read more</s>A four storey hotel in Central India collapsed on Saturday night killing 10 people and leaving three severely injured.

The Associated Press reported that rescuers worked tirelessly through the night and the wee hours of this morning to pull 10 people from then debris of the fallen building located in Indore, Madhya Pradesh State.

It is being reported that some five people may still be trapped under the rubble.

The old building reportedly came thumbing down when a car smashed into the front portion of it.

The hotel with 25 rooms was located in the commercial hub of Indore, close to railway and bus stations. Indore is around 900 kilometers (560 miles) south of New Delhi.

Building collapses are common in India as builders try to cut corners by using substandard materials, and as multi-story structures are erected with inadequate supervision.

The massive demand for housing around India’s cities and pervasive corruption often result in builders adding unauthorized floors or putting up illegal buildings.

In August 2017, 33 people were killed when an apartment building collapsed in India’s financial capital of Mumbai.</s>NEW DELHI — A four-story rickety hotel building collapsed in central India, killing at least 10 people and injuring three, police said Sunday.

Rescuers working through the night with sledgehammers and chain saws pulled alive 10 people from the debris of the building, which came crashing down Saturday night in Indore, a city in Madhya Pradesh state, said police officer Sanju Kamle.

Up to five people may still be trapped under the rubble, said Nishant Warwade, the district collector.

The Times of India newspaper said the dilapidated building collapsed after a car smashed into its front portion.

The hotel with 25 rooms was located in the commercial hub of Indore, close to railway and bus stations. Indore is around 900 kilometers (560 miles) south of New Delhi.

Building collapses are common in India as builders try to cut corners by using substandard materials, and as multi-story structures are erected with inadequate supervision. The massive demand for housing around India's cities and pervasive corruption often result in builders adding unauthorized floors or putting up illegal buildings.

In August 2017, 33 people were killed when an apartment building collapsed in India's financial capital of Mumbai.</s>(AP Photo). In this late Saturday, March 31, 2018 photo, rescuers work on the debris after a three-story rickety hotel building collapsed in Indore, Madhya Pradesh state, India.

NEW DELHI (AP) - A four-story rickety hotel building collapsed in central India, killing at least 10 people and injuring three, police said Sunday.

Rescuers working through the night with sledgehammers and chain saws pulled alive 10 people from the debris of the building, which came crashing down Saturday night in Indore, a city in Madhya Pradesh state, said police officer Sanju Kamle.

Up to five people may still be trapped under the rubble, said Nishant Warwade, the district collector.

The Times of India newspaper said the dilapidated building collapsed after a car smashed into its front portion.

The hotel with 25 rooms was located in the commercial hub of Indore, close to railway and bus stations. Indore is around 900 kilometers (560 miles) south of New Delhi.

Building collapses are common in India as builders try to cut corners by using substandard materials, and as multi-story structures are erected with inadequate supervision. The massive demand for housing around India's cities and pervasive corruption often result in builders adding unauthorized floors or putting up illegal buildings.

In August 2017, 33 people were killed when an apartment building collapsed in India's financial capital of Mumbai.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</s>A 60-year-old hotel building collapsed last night in Indore, Madhya Pradesh leading to the death of 10 people. According to the reports, six have been injured while the district administration has ordered a magisterial inquiry into the incident.

The tragic incident occurred around 10 pm yesterday night. According to some eyewitnesses, a car crashed into a pillar of the 60-year-old hotel building which led the building to collapse. The building is a three-storey hotel-cum-lodge, located near the Sarvate Bus Stand in a congested commercial area. The Madhya Pradesh government has announced a compensation Rs 2 lakh each for the kin of the deceased and Rs 50,000 each to the injured people. A police official said, “We rushed 12 people to the government Maharaja Yashwantrao (MY) hospital. Doctors there declared 10 dead since last night.”

ALSO READ: Indian army guns down eight terrorists in different encounters in Jammu & Kashmir

According to reports, the building has been in a dilapidated condition. Authorities have started a detailed investigation about the incident. Indore Municipal Corporation commissioner Manish Singh blamed the owner of the hotel for misleading the authorities by hiding the fact that the building is in a dangerous condition. “The hotel building was old. Its construction technique was also old. But its owner had tried to make it look spic and span by keeping it well painted and decorated from outside,” he said.

However, it is not clear regarding the number of people that were present in the hotel during the mishap as the police suspect that more people are trapped between the ruins of the building.</s>NEW DELHI—A four-story rickety hotel building collapsed in Central India, killing at least 10 people and injuring three, police said Sunday.

Rescuers working through the night with sledgehammers and chain saws pulled alive 10 people from the debris of the building, which came crashing down Saturday night in Indore, a city in Madhya Pradesh state, said police officer Sanju Kamle.

Up to five people may still be trapped under the rubble, said Nishant Warwade, the district collector.

The Times of India newspaper said the dilapidated building collapsed after a car smashed into its front portion.

The 25-room hotel was located in the commercial hub of Indore, close to railway and bus stations. Indore is around 900 kilometres south of New Delhi.</s>Nine die in hotel collapse in central India (UPDATED)

Nine people died when a four-storey hotel collapsed late Saturday in Indore, a city in India's central state of Madhya Pradesh, Xinhua reported citing The Asian Age.

Ten people were rescued and rushed to hospitals, while more people were feared trapped under the debris of the hotel, the report said. The identities of the deceased is not yet known.

"Many people are feared trapped under the debris of the collapsed hotel. Rescue operation is on. I cannot say right now exactly how many people are trapped under the debris," Indore municipal corporation mayor Malini Gaur was quoted as saying.</s>Ten people were killed and two were injured when a four-storey hotel collapsed in a crowded part of the central Indian city of Indore late on Saturday, a local police official said.

Rescue operations were complete and no other casualties were likely, assistant sub-inspector Ramesh Kirade told Reuters by telephone.

While the building was old, the reason for its collapse was not immediately known, Kirade said.

According to local news reports, the building collapsed after a heavy vehicle rammed into it.

Building collapses are common in India, where unscrupulous builders and officials often dodge regulations or overlook the need to renovate old structures.

In August, a 117-year-old building collapsed in the financial hub of Mumbai killing at least 22 people.</s>The driver had lost control of his vehicle and struck the dilapidated building in Indore, causing it to collapse. Twelve people were pulled out from the rubble - 10 were already dead, the remaining two were taken to hospital.

TEN people have died after a car crashed into a dilapidated building in central India and brought down the near-century-old structure, burying them beneath rubble, police said on Sunday.

The freak accident in Indore on Saturday evening is the latest building disaster in a country infamous for poor construction and safety standards.

The driver lost control of his vehicle and struck a pillar holding up the structure, said police deputy inspector general Harinarayanchari Mishra.

"The impact was such that the entire building collapsed," he told AFP. "Rescue workers pulled out 12 people from the rubble, 10 of them were already dead. The other two are being treated in hospital."

Images from the scene showed battered and bloodied corpses being pulled from twisted piles of brick and concrete. The rubble was being cleared with cranes and industrial equipment.

Building disasters are common in Indian cities where millions are forced to live in crammed, run-down properties due to spiralling real estate prices and a lack of proper housing.

Activists say owners often cut corners on construction to save costs with little regard to safety.

Some 30 people perished in September last year when a 117-year-old apartment building collapsed in India's financial hub of Mumbai.

And in 2013, 60 people were killed when a residential block came crashing down in one of the country's worst housing disasters. AFP</s>Ten people have been killed and two others injured after a hotel collapsed near a bus station in the central Indian city of Indore.Local officials told the Times of India that the collapse happened after a car rammed into the building at around 9:20pm local time on Saturday night, trapping at least 20 people under the rubble. Emergency services were dispatched to the scene, where they set up a cordon and began pulling people from under the debris. The bodies of 10 people had reportedly been removed by 11:30pm.Speaking to Reuters on Sunday, building inspector Ramesh Kirade said rescue operations had concluded and no further casualties were likely to be reported. The Siasat Daily reported that Chief Minister of Madhya Pradesh Shivraj Singh Chouhan offered compensation of two million rupees ($30,720) to the families of those killed in the incident. Those injured will receive 50,000 rupees ($770). Writing on Twitter , Chohan lamented the incident as "extremely tragic" and offered his sympathy to the victims.An official investigation has been ordered. The hotel overlooked one of the most crowded parts of the city. A portion of the hotel is reported to have fallen into a nearby auto-parts shop and an ATM.
A hotel collapses in Indore, India, killing at least 10 people.