The possibility of WeWork founder Adam Neumann buying the bankrupt firm back has left netizens both amazed and amused. There doesn't seem to be a single dull moment in Neumann's entrepreneurial journey - from building WeWork to a $47 billion valuation, to being responsible for its downfall, to now having the upper hand while wanting to pull it out of bankruptcy, it's a very, very interesting ride. While 'picture abhi baaki hai', here's what's Neumann's plan so far - watch!
9 Feb 2024In 1996, businessman Hui Ka Yan founded Evergrande, which went on to become China's largest property developer. Hui Ka Yan was once the richest man in Asia, a self made billionaire. But in 2021, the property giant ended up becoming the symbol of China's property crisis. They were declared to have defaulted on their debt after missing a crucial repayment deadline, which ended up triggering the real estate market crisis at China is currently in Now, this mega real estate giant has now been asked to liquidate all its assets. After an 18 month hearing, a court in Hong Kong has said enough is enough. But what went so wrong for the conglomerate, and what next? Watch
30 Jan 2024Boeing has encountered manufacturing challenges in recent years, including previous issues with drilling holes and inspections related to the rudder control system. This recent incident comes as Boeing is working to rebuild confidence in the 737 Max, a crucial source of cash.
3 min read7 Jan 2024China's housing crisis is deepening as Country Garden, a major homebuilder, missed coupon payments, causing panic among households. This highlights fears of a supply chain collapse, where material suppliers and construction firms face delayed payments, and concerns about the crisis spreading to state-backed firms. Homebuyers who paid upfront contribute a significant portion of the company's liabilities, risking protests. Despite the crisis, the government has not directly intervened in the property market so far.
8 Sep 2023Explore the precarious financial situation in China as we delve into the country's extensive debt crisis, focusing on the growing concern surrounding local government financing vehicles (LGFVs). With LGFV debt reaching a staggering 57 trillion yuan, almost half of China's GDP, questions arise about China's ability to avoid a full-blown financial disaster. Join us as we analyze the impact of tightened regulations, investor confidence, and the alarming risks associated with LGFVs' inability to service their debt. Discover the potential consequences of municipalities relying on LGFVs to address fiscal problems and the mounting pressure on wealthier provinces to trigger a financial scare. As China's economy matures, find out how Beijing must carefully navigate this critical situation to ensure stability and avoid a long-anticipated financial crisis.
21 Jul 2023Capital Markets Regulator Securities And Exchange Board Of India (Sebi) In Its Reply In The Matter Of Zee Enterprises To Securities And Appellate Tribunal (Sat) Has Pointed Out That Chairman Emeritus Subhash Chandra And Managing Director And Ceo Punit Goenka Have Diverted Public Money To Private Entities.
26 Jun 2023Dividend stocks: Four shares are going to trade ex-dividend today — HUL, Futuristic Solutions, Craftsman and ACGL
2 min read19 Jun 2023A mid-cap firm in the consumer discretionary sector is Craftsman Automation.
1 min read9 May 2023Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
9 Apr 2023The video is about how the real estate market is shaping up in a post-pandemic world. With vaccination drives and relaxation of restrictions, the market is showing signs of revival. The demand for affordable housing is likely to remain strong, particularly in urban areas, while commercial real estate could see a shift towards flexible and hybrid workspaces. Additionally, the Indian government’s focus on infrastructure development and introduction of regulatory reforms are expected to provide a boost to the real estate sector in the year 2023.
8 Apr 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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