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

Supreme Court orders demolition of Supertech twin towers in Noida

Ordering the demolition of the 40-storey residential towers of Supertech in Noida, the Supreme Court on August 31 condemned the “dubious dealings” entered into by builders and authorities in metros across the country in brazen violation of the laws while showing scant concern about either the safety of the environment or the welfare of residents. … Read more

The rare side of Godrej Industries next boss Nadir Godrej

RPG Enterprises Chairman Harsh Goenka shared a video in which Nadir Godrej, MD of Godrej Industries, is seen reciting a moving poem for brother Adi Godrej marking his retirement as Godrej Industries Chairman. 79-year-old industrialist Adi Godrej will step down as chairman of Godrej Industries Ltd (GIL) after more than four decades, with effect from … Read more

Jeh Wadia exits all listed group companies

There is something cooking at the Wadia group. After stepping down as MD from the family controlled Go Airlines (rebranded as Go First) and Bombay Dyeing in March 2021, Jehangir Wadia (48, younger son of Nusli Wadia) has now stepped down from the boards of Britannia Industries and Bombay Burmah Trading Corporation (BBTC). There is … Read more

What the future of coworking might look like for the self-employed as they seek out ways to network, collaborate, and set up shop

Entrepreneurs and freelancers have long relied on coworking spaces to run their businesses. Real estate and coworking experts predict other options will replace coworking for the self-employed post-pandemic. These changes include more virtual coworking sessions, more permanent home offices, and unique spaces like Airbnbs, hotels, and boats. Traditional coworking often involves sitting shoulder to shoulder … Read more