Evergrande’s debt crisis has jolted the stock market. Here is everything you need to know about the insolvency of China’s 2nd-largest property developer.

The rapid growth of Evergrande in the past decade has been fueled by an unsustainable debt burden of more than $300 billion. Now China’s second-largest property developer is showing signs of financial distress and may not be able to make upcoming interest payments. Here’s everything you need to know about the indebted property developer that … Read more

It’s not weakness in IBC, but in how people are gaming it

You announced on Thursday that the government will provide ₹30,600 crore in guarantees to the National Asset Reconstruction Co. Ltd to buy ₹2 trillion of bad loans from banks. This will be in a 15:85 split, with NARCL offering banks cash for 15% of the value of assets and issuing security receipts for the rest … Read more

Forbes & Co sells Eureka Forbes but money would go directly to the shareholders

Shapoorji Pallonji Group has decided to sell Eureka Forbes business to the Private Equity (PE) giant, valuing business at Rs 4,400 crore. Eureka Forbes is a 100% subsidiary of the listed group entity Forbes & Co (Forbes). Structuring of the transaction is very interesting – Normally, in such transactions, the holding company (Forbes in this … Read more

Kerala CM inaugurates Digital Hub; aims to have 15K start-ups in next 5 yrs

Chief Minister Pinarayi Vijayan has inaugurated “Digital Hub” with a capacity to support 200 start-ups via video conferencing, said a press release from Chief Minister’s Office. The project is completed at Kalamassery in Ernakulam district. While inaugurating the Digital Hub, the chief minister said it is a significant step forward in the IT industry of … Read more

Facebook leaders are reportedly worried their service has gotten too big to control: ‘We created the machine and can’t control the machine’

Facebook’s impact on a planet where nearly half the people alive use its product has reportedly become a point of contention among the company’s leadership. A meeting of Facebook leaders in early September focused on “whether Facebook has gotten too big,” and that the general tone was, “We created the machine and we can’t control … Read more